Comments by "Crime Stoppers" (@crimestoppers1877) on "Millions Move Back Home: Housing Market Crisis" video.

  1. I am a boomer and took advantage of the crash of 2008-2012. I now own five single family dwellings (No mortgages), pay property taxes, utilities, maintenance on each of them as I enjoy my retirement with zero active income. My kids each own their own house as well as additional houses for investments. None of us have tenants since tenants pose more aggravation and expenses than the minimal profit that can be extracted. House prices can drop 500% and I am still in a good financial position with no mortgages and tenant income to deal with. Bring it on! My key to winning is be frugal and plan for the long range not day to day needs. Also stay away from incorporated cities. The more pretend services, the higher the taxes. I look for opportunities with minimal city and county services. I learned that population density is an important factor. Humans like rats will start killing each other if they are packed too closely. My few neighbors own our own private streets with our own armed private patrols and volunteer fire department. What else do we need? More and more people are learning that the real evil in government is not just at the federal level but the city county and state graft that destroys anything they can tax with waste fraud and abuse. There are zero homeless in this area! Why? We have no free handouts or services that attract them. If a neighbor has needs, we all volunteer to help them (no government grants or "do-gooders" who pay themselves first) while fake working from home during this latest excuse of a never ending pandemic. Never use a DPA, FHA or GSE mortgage service or you WILL be a debtor.
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  3.  @jomr4249  Here is another way to look at my questions so you can understand my questions. Forget about housing or renting costs. During the day while working I noticed that when I am not working I am spending money that I need for saving. There are 24 hours in a day and 8 hours for sleeping and rest. This leaves 16 hours to work or enjoy hobbies and interests. I found that if I work in a job that is also my "hobby" it is easy to work more than 8 hour days! The problem is most employers do not like paying 1 1/2 and 2 x for overtime work. What to do? Two things come to mind. Be highly efficient, productive and only produce excellent work. Managers are always looking for ways to maximize profits so they will either pay you more money give you more overtime or you can work additional side jobs in the same way. The second thing I learned is that I am NEVER "above" any job that pays money. This is a common incorrect assumption that leads to smugness. The result is that I am always "busy" at my "hobby" of work. It only takes some observation to realize that if you can be more productive with higher quality why can't you start your own business and only blame yourself for failure or success? I have done this many times with some wins and some failures, but I am better for it. I no longer do regular ( active income) work as an employee. The income taxes are outrageous. Each of us is responsible to ourselves, not our family or government. Once you understand that ALL government is only a pretext for excuse making, intangible benefits" and enriching those working in it. From this context I politely ask questions. Have I ever had so-called "vacations", "weekends", sick days, or "holidays" ? Very few. But I am not a victim and enjoy winning. It is always YOUR choice what to do with your time. The younger you are when you learn this the more successful you will be. I also I make time to volunteer to help others, do you? Is it time to define yourself as a "winner"? Stop blaming others, the market. the boomers or anyone. Consider prepping to get you in the mood?
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  4.  @Jeff__M  Okay we may agree on a few things like Frugality. How can a cash buyer be priced out of the market? I am also as cash buyer or maximum ten year mortgage holder and do not see a big issue. FYI I sold in 2007, rented for five years while I watched the bubble explode and purchased back in on June 2012. Yes I timed the market accurately. This time I predict a larger bust after reading about how many young people actually work in their alleged jobs. I see a huge drop in house prices unless mortgage companies come up with new scams to help unqualified or marginally employed people go back into house debt again. My problem is too much cash. I no longer trust the stock or bond markets because those in control also own the regulatory bodies. Look at FTX which had no boundaries and was also the number two campaign contributor to the POTUS. "Nothing to see here" ha ha. I do not spend like crazy since it was lots of work earning every dime. I remain frugal but this time I grow most of my produce and trade items that I need. Neighbors with hens and eggs for produce and neighbors with milk and beef Angus cows. I just received 120 pounds of rib roasts last night. i will be roasting chestnuts on a nice grill tonight. I also continue to penny pinch, but found a great deal on a 2022 vehicle that runs on gas. Done! Nice ride. I rarely go shopping since that requires the use of money or prepaid credit cards. I have what I need and am comfortable. Not worried about the future since I am "mostly" prepared ( no oil well yet). FYI I also do not like to sell anything --> Taxes for government employees who add zero value to their lives and ours.
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