Comments by "Maxwell Benz" (@Tential1) on "San Diego County rent reaching record highs" video.

OK, but imagine you're the landlord. Anytime, another "pandemic" can happen, and California can say "f you, rent moratorium, you figure out how to pay your mortgage." this is what happens when you tell landlords they have to provide a service for FREE. they then raise prices. I literally will not invest in any bank that Services the West Coast because of this. So, cost of capital goes up. Actions have consequences. I invested my money in good faith. You said "hey, you made a good faith investment, f you, you must be rich, I'll steal your money, figure out how to pay your bills loser" and expected zero response? This was obvious to any business person this would be the response. They have to catch up on their mortgages now. Only way you do that is increased rents. No way I'm stupid enough to invest in California banks or land after that. The people that do are wild though. But we got some wild people in finance
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@IMCcanTWEESTED you're right we shouldn't pay our rent. Then, the landlords and investment companies can't pay their mortgage. Then, that kills the value of mortgages, held by your bank. Then, your bank, having it's mortgages go to zero, now can't fund your cash withdrawals or paychecks, because, your money in the bank is backed by the local mortgages and economy. Causing the whole financial system to collapse. Lol, this is why you're not in charge and why California has its issues. You guys try to "control" things and make it worse. You should have a basic understanding of how money flows before you suggest something so insane, although, I'd be happy to see the chaos. Then, investors could really come in and find some bargains. You created this mess. The housing issue in California is because of regulations and cost. Dude, I can raise a billion dollars from investors. That's not the problem. Why would I invest in California? You'll rent control me, fine me, regulate me like insane, I'll make 1-3% return. Or... I invest in Texas, and make a 7-10% return. Housing grows in Texas. It doesn't in California. This is a uniquely California thing, because every time you try to pass laws, your lack of understanding of business makes it worse. We have the money. But if there's zero or even negative return, we'll invest in places with assured positive returns instead. Now, investing in California Healthcare system, where you guys spend money and don't pay attention, because you "have to help the migrants, poor, etc." heh, freaking gold mine. 25% annual returns. Money never grew faster. You tell us where to invest. And you told us, invest in your Healthcare. So we did. Pretty cool too, since the government is a pretty Gucci customer. Government pays insane prices, never asks. I love the government ❤. Lol, never thought I'd say that.
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You don't have to live with your parents. It's called MOVING. if you can't afford to live in San Diego, move. I can't afford to live in a Dubai high-rise. I don't cry about it. I move. Just like I'll leave San Diego.
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When you do a rent moratorium, no one asked how the landlords were supposed to pay their mortgages. Well, now the banks want their freaking money. And that means, landlords have to raise rents. That's what happens when you tell someone you can take away their income at any time. They raise prices. Going to get a lot worse. I invest in Banks, they are very hard to understand so it's a good place to invest if you can figure it out. I'd NEVER touch California again after 2020. So, that means that banks are going to be extremely careful about who they lend money to and lenders are going to be dicks. I suspect in the future that the only way you're even going to be able to rent is if you have a credit score above 650 or even 700. Why risk? Not worth it. I've got one land investment in Cali, but, that's my little trick I'll never share. If you don't have a legit broken hack, no one will invest here. Hence, shortage of housing.
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@[HDLM] Scruffee if you think that it's such a good investment, you get all of your friends together and you do it(partnership, where you're the manager, just like buffet got started)... Save all your money, have zero fun, and buy an investment property. This is what investors do. But you don't, for a reason. Every person who whines about this, I walk into their places and I see modern ish. like the person said, it's way too hard to invest in rental housing. You act like we investors hate money. You did this to yourselves. We can build rental homes in Texas just fine. We can't build been closed in California because you make insane regulation and then you decide you know what, actually will just make rent-free for you for 12 months during a pandemic. Okay, but then how do I afford to pay my mortgage as the landlord? If I invested in the mortgage bonds how do I get paid? You ATTACKED US. so... You now expect us to invest, and lose money, to meet your needs? You literally insult us with such a proposition. I don't ask you to work for free. But yet, you want me to take my life savings, the money I didn't spend on vacations, toys, etc. While I saved up, so you can have cheap housing. The freaking entitlement you have is wild. There are no magical kings just bathing in wealth all day. Maybe Saudis. In the real world, any person with money works like a slave. Even Elon musk, the richest man in the world, has 5 jobs. Ceo of Tesla, neuralink, boring company, space x, and Twitter, and gets constant criticism about not working enough on xyz company. Bro, there's no free lunch, you want something, you give something.
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@GhostFarts nothing to do with greed. Supply and demand. The amount of people who want to live in San Diego is insane. You can go live in Montana if you want. housing is incredibly cheap. It's nothing to do with greed. If you don't like people being greedy, don't ask for a raise ever.
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 @SALAZAR619 being first generation is a life hack in America. People who been here are weak as f. The more generations, the weaker, it's hilarious.
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@MrTaxiRob he's implying Americans in general are complainers. And that he, as a first generation person(and other first generation people who don't have your idiotic victim mindset narrative) was still able to succeed. Weird you thought he was implying other Mexican Americans are complainers... Lol, the "natives" of America(lol) always look for a negative response. Immigrants will take over as long as Americans have this idiotic whiny mindset. The worst thing that can happen to you in America is having American born parents who buy into this victim bs. Thank God my parents weren't born here(lol...)
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@Joe then it's coming for you too bro lol. When the cookie crumbles, it gets everyone. It's a cascade. He gets hit, the bank gets hit the local economy gets hit because banks stop funding investment, etc. Lol, people seem to not understand how interlinked the economy is, our fortunes are all tied together
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