Comments by "BrickTop" (@bricktop7803) on "BIG Surprise in New Housing Market Data as Home Sellers Begin Capitulating (Check Zillow)" video.

Price cuts in RE, its coming, the avalanche has not started yet, taking out the little guys, These dudes dropping their prices and getting out of RE are the serious investors with 100+ properties on their books and getting out ahead of the game. They are the smart ones. When Fear Of Missing Out (FOMO) kicks in, the other investors will jump ship. Its always happened like that. House prices fall at the same rate they rise, and its down to FOMO. The avalanche begins. Once OPEC+ doubles gas to $15-20 \gallon by the end of the year, then its game over for the little guys, white collar middle class living on their credit card. The FED lit the fuse to take down inflation, the only problem is - they dont know the size of the bomb they have on their hands. But you guys will know soon enough.
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You know the US Economy is screwed when Biden visits Chi. Daddy Chi gonna spank the US A$$. It was the same a couple of years ago when OPEC+ cut crude production. Biden visited Saud, their old ally and asked him to increase oil production, but Saud told Biden NO. It doesn't matter who is in the Whitehouse, RED or BLUE its the same, Biden had only one option, use the US strategic reserve to get the US economy moving after covid. Now the US oil reserves are depleted and the Western Developed Economies are teetering on collapse. Its NOT just about the US, the same thing is happening across the free World. You guys are simple, and do not look beyond your own borders. But the UK and Japan hold a lot of US debt, and if they sell off their dollar holdings, the US WILL have Interest rates go to 20%. China has sold off their stash of dollars over the past few months, they unloaded them. That is WHY BIDEN visited Chi.... Asking him to stop destroying the US Economy. What is coming over the next 2 Quarters for the US Economy is CARNAGE.
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Like a Bull and its balls hanging out isn't enough for you???
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@nunyabidness3075 There are 2 wars on the go at the moment. You guys need to look beyond your own shores. The Israeli-Palestine war has repercussions for the US. OPEC+ WILL cut production by a LOT. Oil will go to $200\ Barrel by the end of the year. Jamie Dimon predicted $150\barrel, but he was being conservative... You have not experienced gas rationing and the pumps dry and a long queue. We have. and its NOT good.
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Nope, what the Treasury wants are wages and property prices to drop like a brick. It doesn't matter what monkeys are in the Whitehouse, RED OR BLUE. They need to restart the cycle of growth again, and they do that every 12 years....only thing is - the last cycle started in 1994, and it has not reset properly since then. The GFC was just a temporary blip. Its like an earthquake building up tension. The tension increases year on year, the higher the tension the higher the devastation when it lets go. There are a couple of generations who have not experience these economic earthquakes and think all is good. But we know its NOT.
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