Comments by "David H" (@DavidHalko) on "Is The US Economy Breaking Down? @visualeconomiken" video.
-
“on the verge of derailing”
The number of illegal immigrants being allowed to enter had been greater than the housing permits to be built for approaching 4 years.
Large investment companies are trying to buy 30%-40% of all housing, they have been renting to illegal aliens who had been working to pay housing costs, multiple people per rented household.
This had driven inflation in all segments: housing, food, furniture, white wares, etc. Inflation, over the past 3.5 years, was like 30% in the US.
When the illegal immigrants leave [as is typical] with a recession, the investment firms will tank, there will be a fire sale, and life will become terrible in a flash.
Executive Branch regulators, under Democrats Biden / Harris had done nothing to crack down on this risk.
Sorry, this mess is bound to have a correction. The investment houses will crash, I already see many of these former investment houses going up for sale, now… to bail out before the future crash.
1