Comments by "Crime Stoppers" (@crimestoppers1877) on "They're Hiding the Truth - URGENT Housing Market Update" video.

  1. It used to be that way for all of us. Don't be too proud to be stingy and miserly. Pay yourself first and remember that every houir you work can bring in more money. Don't spend you money on anything that helps someone else earn money on you. Do everything yourself and save and never buy anything "new".
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  2. Bring it on! I just checked one of my "Covid era" freezers and realized that I am still using frozen foods labeled from March 2020. Getting ready for the next bust. More freezers on the way.  @SachsRealty 
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  3. Todd Sachs! You are beyond correct with your opinions in many ways and I agree with you. However if each of us ( real estate home owner, seller, buyer fence sitter, investor) is to survive there are more solutions. I have a similar experiences and after the last housing boom and bust I developed my own rules. I have a long list and am currently doing well with my properties. One of the important things to remember is that the land ( urban, suburban or rural) can be worth much more than the house structure. I also follow the 7 D's of real estate rules when buying a property and NEVER, ever get in my mind that the listed asking price has anything to do with my offer. I never "fall in love" with any house or location. Money is made in real estate through prudent and proper buying not selling, flipping or renting. In order to have the freedoms to follow my rules you MUST have a carfeully developed budget which must be always followed. Dave Ramsey is a start. You must not fear sweat equity, since every that is spent with DIY projects is like paying yourself an hourly that might be more than you earn yourself. This is like money in the bank. I confidently learn DIY via research on Youtube videos just like the technicians and craftsman who I could employ as high paid specialists. Many contractors ( framers, carpenters, electrical, plumbing, roofing, HVAC) tell me that they are always learning via YT videos. Why not me too? Lastly, I am worried about one situation only, my own. I am no longer affected by the market and my attitude is good even though many neighbors around me face issues of the market. My last property was using a 10 year conventional mortgage at less than 3% that I paid off! Opposite of all conventional wisdom of agents, builders, finance experts and bankers. My idea is that NO monthly debts is superior to so called "low interest" debts. It gives you the freedoms you need to think clearly. Each of us must be able to work in multiple occupations. Flexibility in employment is more important than hoiurly, monthly or annual wages or job titles! Fancy job titles and fake "Ata boy awards" don't pay the bills. In California, today working in fast food sweeeping the parking area is $20/hr. The more you earn in a regular job the more you pay in taxes. Now look at the rules for Capital Gains! Much lower income taxes with LTCG. So I agree with a few rules for life. hint: I continue building.
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  4. True, so pay cash and never pay retail for anything.
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  5. Paying NO mortgage payments is better than paying "low" mortgage payments on a depreciating asset. The banks can always screw over other debtors like credit card holders for massive profits.
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  6. I guess they are designed for people living on the streets? A basement shower is better than waiting for it to rain? And a basement toilet is better than using the public streets?
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