Comments by "Debany Doombringer" (@debanydoombringer1385) on "" video.

Owning land has always been an investment. That's why it factors into your net worth. It has intrinsic value. Nobody "convinced" anyone of this. It's been understood since Kings granted land as a reward. You're going to need to first prove that it's artificially inflated. Prices started going up during the pandemic. Not just to, but because mass migration began out of certain areas into other areas. NYC and really all major cities houses have always been more expensive because there's very limited land. Add in zoning and massive, unneeded regulations, and it skyrockets because each regulation adds expense to the building process. The migration I mentioned is still taking place. As people move from one area to another, it creates scarcity in the new area driving up prices because the need is bigger than the supply. Prices will drop as either new houses are built or the migration slows. The idea that it's everywhere is also false. My 25 year old purchased his first house last year for $70,000. It's about the size of our first home which was $50,000 20 years ago. Given inflation, that's not a huge increase. Edit: His house also has an attached 1 car garage which increases the value by $5,000-$10,000 which ours only had a carport. So it's not really more expensive than our first house. Given inflation, it was probably even a bit cheaper. Too many people want houses that are over 1,500 square feet too which the bigger the house, the more expensive it is. Since that's what the market demands, that's what gets built. Our first home and his first home were both around 1,000 square feet and over 50 years old which decreases the value/cost.
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@andrehashimoto8056 The EU is about more than just goods. It's to push them to go back to free speech and to stop going after political opponents. I expect some tarrifs to remain because he's trying to trade them for income taxes. At least that way I can choose how much I pay in taxes by choosing to purchase an import. I guarantee yearly I wouldn't buy $40,000 worth of taxes on imported goods but I'm forced to pay it out of our paycheck every year.
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@spacefun101 Here's the difference: The US imports $ 600 billion worth of goods from the EU. The EU imports about half that in US goods. It's to make a deal to more evenly balance the imports and exports. We get them to accept more imports, forcing open their markets. The more we export to other countries, the more manufacturing required to meet that new need. It's not hard. Considering there's an almost 50% difference in trade because the US has open markets and they don't, a 10% tarrif is tiny. That's what he means by trade deficit. Edit: I'm surprised people don't seem to know only the US has low trade barriers and every other country is very protectionist. It's also hilarious watching those protectionist countries complain we might be becoming like them. You want open access to our market? Then we get open access to yours.
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@Eddie_of_the_A_Is_A_Gang They didn't say anything about the government controlling prices which means the government setting the price. You're talking about a country with 1.4 billion people that is a socialist country with child labor and very little regulations or worker protection. They're exporting goods for less than they're paying to import the raw resources that makes them. It's like when Walmart moves into an area. They carry specialty things that are found in small local businesses and they will sell them at a loss. This is to drive those shops out of business limiting where you can purchase those goods. Once those shops close, they jack up the price or even stop carrying them all together. That's what China does. By providing something at a loss because it undercuts competition, it destroys those manufacturers. You're confusion is you think it's for monetary gain. It's for securing a position of control. If they as a country supply a lot of goods, especially key goods, it gives them huge leverage over that country. Just like Germany relying on Russia for its natural gas. Russia simply threatens to turn it off in the winter and allow Germans to freeze to death to bend the German government to it's will.
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@Feroce That's been disproven even by Mentis. The whole BlackRock is buying up all the houses was a big talking point during the initial migration during the pandemic that I'm seeing cropping up again. If you looked into it, they were buying/investing in new subdivisions. Ones that were mainly being built for older people. Disney is building ones for families. We moved during that period and were looking for a house. What we mostly ran into were flippers. Primarily local real-estate brokers going in together, buying them, doing a bit of cosmetic upgrades, and jacking the price up. They know what's about to hit the market before anyone else, so they jump on the ones that they can do minimal work on and put back on the market quickly at a higher price. Those were most of the sight unseen purchases. Flippers are a bane on the housing market. Then again, so many people are willing to pay premium prices for turnkey ready houses it becomes the incentive. The one house we looked at that wasn't flipped and was turnkey ready got in a bidding war that we jumped out of quickly.
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