Comments by "" (@jmitterii2) on "MHFIN" channel.

Tiny, small, medium, large, huge cities have a homeless problem. Doesn't surprise me there's now gangs of robbers in some places hitting up stores in a massive strike attack. Creepy.
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Levered bubble. Yet again.
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Rent is just as high mine was just 786 in a low wage slave state just 6 years ago. Now it's 1,188 a month. Damn near double. My pay didn't go double. Many have been evicted and/or just moved out. Taking a while up to 3 to 4 months to get new tenants instead it was kind of hot here in Idaho. Taking 1 month enough time to clean and boom renter. Last evicted in my town house, took 6 months for a new tenant. Not seeing for rent signs stack anymore yet though like typical of the also 20 years for such a town house area. So either they're just being lazy, can't get agents to show apartments or property management is being cheap hoping the easy street let the tenants use online portals and take whatever without showing keeps happening. But we have now thousands of new apartments, and still new ones still going up from all over the area. Will be interesting how this all plays out... particularly if we hit recession... recessions here in Idaho tends to be violent. Since most people are transient and suddenly leave the low wage state... unemployment is an absolute joke, even Idahoans leave to their smaller towns across the state where family is located to live with them during recessions. Our state is so mentally deficient in all things save its own feudal lords, I could see instead of the state becoming buyers on bankrupted apartments, just allowing them to crumble instead and go vacant. But if they were "smart" which they aren't.... the state would come in and consider purchasing them for pennies on the dollar and using them for various forms of low income housing that 90% of the state requires in order to avoid living in a tent or RV at a KAO; KAO campsites that are already no longer taking reservations for the past 3 years. Filled to the brim, the various counties have been avoiding allowing farmers to open up empty land spots for RV and tent dwellers. A nation in collapse WEEEEEEEEEEEEEEE!
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@bethany6931 Passive income won't work when things get ugly. It's time and sales right now... or forget about ever getting paid. Rent? Nobody has rent money? You don't get paid. Royalties? Nobody gives a frack about your "ownership" in whatever nonsense you have a copyright on. Really, only place to hide is inflation bonds, and irony is really cash to put to use as assets fall apart. Because asset rents and value will fall apart. You can day trade commodities. But commodities themselves are a risky bet as you'll see demand destruction that drops prices in commodities, only to pop after the dip due to supply destruction. Which will then cause demand destruction again, dip, and more supply destruction that will again make commodities pop again for a while. Eventually though commodities always bottom out as demand and supply finally fall in equilibrium of most people are broke, and few people have what they need and normal purchases under the deflated demand structure consolidates.
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And utopia con jobbers have predict a million booms and most holding the bags. Fact: you have to understand any hustler doomer's or boomer's arguments, learn what's fact and what's not, and most importantly if and what is being left out in their hustle elevator speech.
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Buffet is just thinking, "Well I'm surprised we're not already a train wreck looking similar world wide to that of the collapse of the Weimar Republic in Germany and Czar Russia and the 1929 great depression and dust bowl, insanity of invasions by Japan on China and Korea, etc. Well... so far I'm wrong... (but I think not for long, because we're similar to the clusterfuck that culminated toward producing those latter events... the calm before the storm.... maybe a decade, I'll be long dead and won't have to worry about it... buddy next me, lucky shit probably has just few months a couple years tops! Lucky son of gun!).
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She shot more buzz words in her interview than a vibrator can buzz in ten days left on and plugged in. ETF's are the multi-level marketing mutual fund... authorized participants take money make shares and immediately pump the ETF holdings. But upon outflows the exit is very small and often requires the APs to sell more liquid stocks, the stuff that's not about to go bust or have further problems.
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Pigs will be swinging from trees. Hoink hoink hoink. Squeal bitches!
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No seriously, small time investors were mortgaging themselves with 10 to 12 units... sometimes up to 20 to 50 units. Units meaning houses as well as duplexes or quad plexes. I high school during the late 90's, a particular class program I took, one guy was a doctorate in adult learning, another a master's... one of our assignments was to talk to bankers and learn about various loans including mortgages. One particular day, I was visiting yet another bank... I think I was dropping something off to the one teacher too... but he was visiting this one banker to conduct yet another purchase for his rental thing... the banker told me he was his best customer, it was his 18th purchase in just a 2 years. I joked, unless you're buying these outright with little to no financing, it's not a purchase, but a leveraged margin long position like buying stocks on margin. You don't own them... they sort of own you; you're tenant to the brokerage... or to the bank. The banker didn't like that coming from a snot nose senior from high school. These two teachers both came from California, so I'm not sure how much they were leveraging, and how much was owned 100% how it was collateralized on all their properties they were buying. All I know is that yes, these "mom and pops" can really go out and splurge. And they do. Fortunately for them, it was the 90's just leading into the huge 2000's blow up bubble. Haven't spoken to them since... hopefully for them they dumped their properties at the top or at least had them all paid off and didn't care whatever rent came in was just enough to at least pay for property taxes and upkeep. Any amount of buying pressure can cause any asset to stay elevated. So don't count out the ameature individual investor adding enough fugazi buying pressure. Look at GME and AMC and dozens of other meme stocks that 1,000% to 10,000% ran up. Or the greater full worthless crypto so called money yet nobody accepts going up 100,000% or more in just a year. A stampede is a stampede... and there are many more individuals than large investors.
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Capitalism takes currency to a knew level of lending more printed money than they have in the paper holders called banks.
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The elites interest not aligned? You don't say. Seriously, they want us all thinking we're millionaires trillionaires in waiting. So we think it is. They all want us to think we're the big bossy when we're just a peasant following orders. They all want us to think we're being paid well to our productive capacity when we're not; particularly if you can't collectively bargain... you're just a price taker, not a price maker. Sort of funny to be so shocked and amazed that the plutocrats (rich rulers) interests not being aligned. They never were. It's a myth to think otherwise... they want us to do what's good for them regardless if its good for us or not.
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Yeah it could, it just doesn't want to go after the rich because the rich own our country, they voted themselves a tax cut permanent in 2017, the bonds that then are issued to pay the deficit spending are largely purchased by the rich... they turned their tax bill in to a loan with interest, with us peons paying their loan and interest back. So yes, tax rates could be raised where the vast majority of money resides, among the very few plutocrats or pluto-rats. The plutorats aren't interested in completely completely collapsing the USD... so they would eventually pay a bit higher taxes to stop the bleed. Additionally, interest income on savings would increase and help mitigate some tax losses on taxed on everyone's savings and bonds savings as interest rates increase. The reason a complete collapse is probably off the table is that our money printing is not true, when the cartel banks aka the Fed increase money supply they do so by lowering interest to encourage borrowing, new borrowing debt is what money supply is in a debt based currency system... so if mass defaults happen, payback on loans, stop taking loans... money supply vanishes and we have a deflationary spiral. Right now, we're at that inflated asset bubble that will end in a deflationary blow up. And in the mean time if interest rates increase or instability politically happen a deflationary run-away effect will happen... Inflation always ends up becoming deflation at some point. Of course the inflationary pressure can last for a while depending on how interest rates act. And how prices are responded to, do wages and other goods/services get accepted? Or do they get rejected? They tend to get rejected when too much debt without ability to pay it spirals into a domino effect. Price then crater... if they don't interest rates will go up until they do crater. Anyway, we're still at the point slightly higher interest rates wouldn't be too big a factor... keep in mind much of the bonds are in 20 and 30 year notes out for some time with low rates... so it would be flipping of the debt that would slowly get worse over time, not a sudden increase on all of the debt. But a slow grind in higher interest rates should interest rates go up.
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To be frank, market bubbles are often caused my forced buying. Short squeezes, gamma squeezes, margin traders following a ascending trend line. The opposite takes place when the margin traders stop using much margin, then short squeezes stop happening, and option buying ends with the gamma squeezes, and perhaps drives a reveres gamma squeeze on puts, and a margin call or short squeeze in reverse for those holding long margin positions. It's the problem with our stock market... forced buying and selling. These side bets with futures and options and use of margin especially, didn't make things stable, but made it more unstable. CDO and CLO market the banks are still allowed and have been trading it, and the Fed was buying all the worthless trash the banks could lend out, same thing.
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Nah, they were doing that almost as soon as 2009. Giving anyone a mortgage. I know as my, then roommate mortgaged a house around that time; zero down. And his income was rather low at the time... for a $145K he was making only about $35K. His total loan payment was half his income of about $1,180 a month. About half his take home pay. Why? At first it was the TARP. But Frank Dodd act gave authority directly to Fed Reserve to be buyers of CDO/CLO markets. And QE continued for a decade. So they were giving anyone a loan. Once again, for a decade now, it was the banks giving a loan the highest possible and quickest they could sell it to the CDO market take their principle leant out along with some interest, and take a realized gain; right back to 1997 to 2007 CDO market. And they could care less quality of credit. The banks did have to pretend to care, so you have a bit more statements being generated that must attest your ability to pay. Often an extra 3% down requirement wasn't that much because ARMs were coming back along with balloon interest only payments to meet that small down payment. So no. It just continued. Hence the prices rising so quickly from 2015 to present day. Now that Fed is no longer buying CDO's, CLO's which contain mostly credit cards and other signature loans became an investment bubble going up in price as they provide huge yields compared to other collateralized debts. And if you have a good FICO you have probably been given 0% rates for 3 months out as far as 1.5 years or further... why? They need some good FICO rates to mix with the crap FICOs on their book, mix it together and bam they can sell that CLO for better rates to investors that are still there for now; banks are looking to dump it. CDO market that contain mostly mortgages and car/truck loans, are faltering hence Wells Fargo's exit from originating mortgages several months back. Truly, this time is so much worse. It's covered up because many like yourself are thinking two things that make it "different this time"... 1) Lower rates are locked in. Which isn't true completely. 2) Banks have been more diligent this time on issuing loans. Which also isn't true. What's also not being taken in consideration on once different this time on the negative side that makes it worse: 1) Affordability. Even with full employment by the signers of these loans, those with ARMs and balloon payments are particularly vulnerable. But so are those with fixed lower interest rates because the price of the loans are so much; any disruption to employment will spell inability to pay those loans. Refinancing in the red is never an option; and many will find themselves deeper in the red as the first set of ARM and balloon payment folks end up in foreclosure. 2) Collateral or prices due to affordability is unsustainable. Like a game of levered up stock market or the silly crypto market levered to the tits; the prices are not sustainable. So many will be deep in the red. Worse than a margin trading account, that simply won't let you go into the red for very long as they'll require a margin call or liquidate your position so you're just zeroed out; not negative balance. So nope. They're still giving just about everyone a loan... they just recently stopped that when Fed exited purchasing CDO's aka halted their QE. And allowed what they already bought to mature and fall off their balance sheet. So those with FICO's in the mid 600's are likely not able to get a big enough loan now to afford property that's excess of $280K with an income household of $40K to $75K; they're sort of complaining of being shut out, that banks won't lend higher to meet the current asking price in the are of 300K to 350K... and higher for better properties. So only now have banks tightened on the seriously risky borrowers. If you're FICO is better however, they are still giving out ARMs and balloon interest only loans.
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You are conflating economy with stock market performance. The two aren't related nor should Never be. One's a ponzi... and the other effects lives.
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I can guarantee invested farmland will be worthless in an economic collapse because the deed that says you owe that land is also worthless as the government that no longer exists. And if you try to collect rent or invoke evictions or other development, you'll want to send some poor idiot, because they'll get a bullet in the head or hung from the yard up. And not you.
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Mr Buffet-Table was like... shut up Munger you fear monger you! We're yet another failed empire. Crumbling in it's outright vulgar miserable contradictions... Like various other Soviet states during its collapse the various state media outlets were an open parody.
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Yeah, if only they had bad intentions things would be so much better.
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@nathan3306 Their low interest rate on palaces and credit cards racked with cocaine purchases and other assets they borrowed against inflating to the max, balanced out any income gains for the top 1%. Middle income earners? HA!
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Stock markets don't normally do that since the 400 years of their existence. So that fomo nonsense stocks only go up in your life time is horse poop. Japan 1989. As stated in this video.
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Meme stock mania to the idiocy of crypto and the cherry on the stupidity, NFTs to housing gone completely insane. Even bubble man himself J Powell, his big thesis on why he finally reluctantly changed his tune on transitory inflation was housing prices. They're absurd. Well beyond that cost of construction even in the formerly bubble timber prices that have since crashed back to more reasonable levels, and the pre-COVID period land values (just the dirt, not including construction of anything including utility hook ups let alone housing construction)... were well beyond that of median incomes.
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It's not money printing. That's nonsense. It's debt juggling. The Fed doesn't have the authority to money print ever. Even the Treasury must have congress raise debt ceiling and even that isn't free money printing, but allowance for the Treasury to hold auction to issue more debt. It's all debt. Dick Fuck aka Jerome Powell lied. Why would DICK FUCK lie? Because he needed people to THINK that it was infinite money printing. To make people think all is good in the banking and finance... his lie was a bit too good. Because now everyone wants to trade stocks, not just keep their money in the banks thus avoid a bank run. So his lie to keep off bank runs, has been too good, and is now causing massive speculation on all assets from stocks, real-estate, commodities, etc.
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Higher rates doesn't need to kill employment. That's a bad comparison because we've never had a decade rate of 0%... 5% is still relatively low of the average interest rate. But price valuation make no sense with a 5% plus rate. Even 3% low doesn't make sense the speculative nature of land and housing shouldn't be at the rates. Just as stocks still after the correction 2022 and bear market rally to this point 2023 valuations are back to being hyper levered.
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