Comments by "BrickTop" (@bricktop7803) on "Market Prediction: The 2024 Housing Crash Has Just Begun (It's Now Completely Illiquid)" video.

  1. Tell me again how everything you buy is cheaper NOW than it was in 2020?? It does NOT matter if you buy or rent a property. CRE is crashing now as the landlords take the rent, but not servicing the mortgage. Even renters will be homeless. CRE is the first to crash, and its game over after that...
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  2. Property prices will never fall...Muhahahaha... Grantham was overly cautious with his estimates of the collapse in property prices. Given that prices rose by 43% between 2020-23, that is the minimum correction to get to the pre-existing bubble. The pre-existing bubble will push prices down a further 10%. Make no mistake, this is no GFC crash on the horizon, the US financial Sector is already imploding. The bank bailouts will stop and the 15 banks under observation will be allowed to fail, to prevent the contagion spreading through the system. These banks were churning out loans at 3% in 2020. Make no mistake, I have worked in the banking sector and even the top bankers are imbeciles. They believe their own press and adulation, but they can take out the biggest banks in the World with their over confidence. Economics is impossible to predict.....some learn the hard way.
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  3. People are buying food on credit cards. That is bad. Notice your credit card limit is now next to zero? Quantitative Tightening is the death knell for small and medium businesses. They will close and people are out of a job. Every Economic Metric is pointing to a great Depression, but there are the Dunning-Krueger's who think everything is OK.
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  4. What ? On a $30,000 property in the 70's against todays average $450,000??
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  5. It doesn't matter. When the middle classes lose their jobs and then their homes. Yes, it takes a year for foreclosure to finalise, and that is what happened in 2012 after the GFC. This is happening across the Western Developed Nations, it is not just the US.
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  6. Since when are interest rates going from 3% to 8% seasonal?? Tell me again how everything you buy is cheaper NOW than it was in 2020??
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  7. As is your understanding. Once the small and medium banks begin to fold, the whole financial system will crash. Unemployment will go through the roof, and there is your inventory. You are in severe denial if you think this huge bubble is not boing to pop.....
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  8. Go do your own research, it is easy to find.
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