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BrickTop
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Comments by "BrickTop" (@bricktop7803) on "This Is Where The Housing Crash Begins (It's Not What You Think)" video.
Superb! But global factors will come into play during the next 6 months. Already OPEC+ restricted the oil supply last month and the price of a barrel went DOWN. They will restrict supply even further in the next week or so. As well as ending the student loan moratorium , fuel prices are gonna go through the roof. The FED is now in PANIC mode as the interest rate intervention did NOT work. Now it QT......its like hitting the emergency brake....there is still too much money in the system and the next 6 months will see Billionaires lose everything. Already CRE is on its knees and Residential RE will follow suit. This will be the Summer of Foreclosures. The people that thought they could defraud the Mortgage system by supplying false information will be left with ZIP and jailtime to boot. A generation have lived through free money and not experienced a proper recession. Well, that will soon end. Markets are ALWAYS BOOM and BUST.
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Yup bury your head in the sand dude....lol. It is NOT the property prices falling back to 2014 levels that is the problem. It is the mass unemployment that will cause everyone pain.
2
Unfortunately you are wrong. the FED is considering 100 Bpoint rise in the next Rate Hike. This Vid doesn't really explain it well, but RJ TALKS does. There is still too much money in the economy and the FED is in unchartered territory. CRE is crashing, small and medium banks will get demolished in the next 3 months. 91 Billion in emergency funding for banks last month. The FED must let these derelict banks fall, or they will bring down the entire US Banking sector.
1
Watch it again.....He can tell it to you.....but he cant understand it for you.....
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