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Michael Bordenaro
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Comments by "" (@tobyk5149) on "Michael Bordenaro" channel.

they are inside playing video games or watching Disney shows
126
about time they GTFO
62
@BossItUp911 you completely missed the point
60
… and they’re gonna party like its 19-29!
50
she is a success story
45
Great one today guys. What Dan says about cleaning the condensor is true. Also if your AC or blower stops working be careful with any service tech who says it is all old, worn out, and needs replacement of the entire system. This happened to my friend who was quoted 14 thousand dollars! While he and his family were waiting in a heat wave for the new AC unit to get in stock, I checked his and found the failure was simply a start/run capacitor had failed. I replaced the $20 dollar capacitor, cleaned the condensor coils, and it has been cooling like new for years now. Always get a second opinion when someone says the whole system needs replaced.
43
@timothygibney159 does not matter what seller is dreaming about. Reality always reverts to market fundamentals whether you want that or not, dreamer.
30
I am 50 and NEVER had a car payment. Ever
29
wow the insiders knew it!
29
congress works for corporate lobbyists, not us commoners
28
yes was manufactured in Chyner
26
@Zoomville you should have been buying Toyota or Honda
25
the modern version of soup lines are EBT cards
21
holy inflation Batman!
21
@rafaelmercer21 FACTS!
19
clearly, she is clueless
18
unmitigated greed!
17
its like deja-vu all over again
16
not surprising but absolutely disheartening
15
@Craig121000 just keep your head in the sand and you will be fine.
14
yup
14
similar about to repeat there
14
gains are privatized while losses are socialized. Happened in GFC and happening now
14
mold, mildew, plastic bits, insect pieces, etc
12
@mingwong8091 you clearly missed the point
11
2008 was not “the height of the bubble.”. The bubble top was 2006. Prices started dropping in 2007 and were down substantially in 2008. Your comment makes no sense.
11
holy pozole inflation Batman!
10
clear indication of a bubble
10
bingo
10
@davidgray1515 so your situation is representative of the majority of US citizens?
10
lol
9
@MrSteeDoo go back to playing your video games
9
from the mainstream media
9
no doubt about it
9
correct and this will cause higher rates to entice purchases of treasury bonds
9
@HighGek yup
8
Smart and responsible!
8
and uncommon
8
yes good advice but the sheeple hear what they want to hear and they disregard the rest
8
the sheeple did not see this coming because they never do. They see what they want to see and they disregard the rest
8
pure market shill channel
8
wrong! prices need to drop to pre-pandemic normalcy
8
just keep your head in the sand and you will be fine
8
Yup!
7
BofA is the worst IMO
7
he effed up big
7
@DeplorablesGarbage or a last resort to keep head above water
7
Never a borrower nor a lender be.
7
you would and so would I but many of these Realtors have no useful skills.
7
i think so
7
@JillsHouse that would be great so I can sell into the suckers rally and get completely out of that casino
7
so stop listening. Just keep your empty head in the sand and go sonewhere else. Go buy at bubble prices
7
DEBT
7
he may get a big wake-up soon when his 401k value plummets and his SFR value drops
7
ok great. Your point is ?
6
Crook County IL. …enough said
6
so true!
6
unemployment and welfare checks
6
Commiefornia comrades
6
agreed! I learned that the hard way
6
sarcasm alert
6
*Homebuilders
5
WalMart nation incoming
5
@alexlopez5800 same
5
sheeple
5
sheeple were believing same in 2005-2007 bubble
5
lol
5
good idea
5
lol Karens love HOAs
5
@davidodonoghue3450 plenty said same in 1929 and 2007
5
yup
5
F Chyner
5
the credit tightening has only begun
5
yep, our paid tax dollars should not be used to pay off other peoples’ debts
5
No doubt about it!
5
so go watch something else if you seek rainbows and sunshine. Just keep your empty head in the sand and you will be fine.
5
just pay what you owe or move on
5
lol
5
falling dominoes
5
If voting mattered, they would not let us do it.
5
you aint wrong
5
@MrSteeDoo yes really. Clearly you were not a bill-paying adult in those years so you cannot grasp it.
5
I had tried all 3 simultaneously for many years and still alive but I do not recommend it for good health sake.
5
C’mon man! YOLO and embrace the FOMO!
5
you are projecting, David
4
@jgg204 I would get a second or third opinion about what part failed. May be as simple as a start/run capacitor failed which is a $20 dollar part that takes 15 minutes to replace. I dont trust when a tech says entire system needs repjaced.
4
@BokeemWoodbeezy of course foreign nationals
4
same they did during last housing price bubble
4
*not
4
@sportsman4545 and beware of two-legged dogs if near Oakland
4
yep unfortunately, that is what happened to those who stacked cash in the mattress
4
Same
4
the Karens love being able to wield the HOA as a control mechanism or a weapon against their younger neighbors
4
well they buy stuff but they certainly dont buy new furniture
4
he never said “the end is near” you troll. Why do you continue to watch if it is “so tiresome”?
4
@Mikegastaldo lol funny but not funny
4
in a raging plandemic malaise
4
@pmscalisi rent is what someone is willing to pay based on supply and demand, rent is not calculated by your costs so you may end up losing every month that market rent is less than the landlord’s expenses
4
buyers market incoming!
4
@bodyloverz30 CA Proposition 13 will likely soon be repealed and is on the next ballot. Do your own research.
4
lol
4
the theme is rent vs. buy in 2023/2024 not purchase in 2007 vs current rents because not relevant unless you have a time-machine
4
how?
4
@MH-hd1fu Crook county employees
4
i feel hungry now
4
not the landlords fault. The FED caused this inflation
4
been trying to leave but nobody will hire me until I am already local in that state not to mention much less pay
4
yup
4
yup
4
No
4
when my father said he was “going to church”, it meant he was making his Sunday morning rounds at the local bars and casinos.
4
actually renting is paying monthly for a home to live in and is cheaper than paying hotel fees or buying a home at the current massively inflated prices
4
“Come-on man!”
4
@mcanultymichelle anyone who bought 2023 will likely still regret it in 10 years. Do you believe you would buy now at these inflated prices?
4
where?
4
beware the 2-legged dogs
4
great collab guys!
4
well, BYE
4
@ralph95 always a domb troll comment
4
exists in government sector bud
4
@kenchow6741 they always do
4
could have stopped at “generally have no clue”
4
@cumberlandquiltchic1 exactly!
4
why did you get a Covid forebearance? Why not relocate away ftom the coast to a less expensive state?
4
same trite comment every time
4
yup
4
@MaksimSSM mandatory per the lender so only optional if owned clear
4
clearly Fernando you were not old enough back in 2008 to recognize what was going on and the similarities 2024 shares with 2007
4
yes!
4
well, bye
4
agreed
4
yup sux what has happened with fiscal policy past 23 years
4
not at this rate
4
yup
3
@rfink222 were you saying same BS narrative in 2005-2007 or were you not yet a bill-paying adult?
3
@ExecuteBrandon the cash going to Ukraine comes back to the US in the form of foreigners buying US assets such as real estate and stocks
3
@TravelTechie415 do we need to spell it out? You go try to live in a foreign country where you do not speak the lamguage, then work as a janitor, apply for a loan there, and see what that gets you. Do you think you could get a loan in that scenario for 12x-14x your salary?
3
yep Commiefornia
3
Only IF it suits their agenda
3
@venutoa yup!
3
@HODIUSDUDE head-gasket is the point of weakness
3
30 day T-bill and chill time IMO
3
@AyjayAlleyway so what are you doing to take advantage if you brlieve that? Why are you not getting loans to buy as many houses as possible? Were you saying same BS in 2005-2007 or were you not yet a bill-paying adult?
3
@TheSuperdodgy it will bounce back soon for the suckers rally. That is when I sell the final bits. Good luck in that rigged casino
3
yes that simple. You get a loan, you repay your debt with intetest. No bailouts! I did not get a loan and I do not want to help repay a loan balance for anybody else. That is not my debt and I received ZERO benefit from that person’s student loan.
3
lol same
3
Chiraq sweet home Chicago!
3
The first two sentences are facts but WTF is “FAFO”?
3
I maybe would prefer a trailer or vanlife
3
@cherylT321 you cannot eat stocks, bonds, mutual funds, ETFs, housing, vehicles, etc. So what do you invest in? Canned food?
3
@grimaffiliations3671 have some more govt Kool-Aid and keep that head in the sand
3
prices are not going up in the sunbelt so do your research
3
lol yes plenty of examples to show all over the state.
3
@shirtlesslager and the carbs are killing us
3
yup
3
that is rough!
3
they will get that dose of reality soon
3
C’mon man!
3
Bordenaro is talking about rent vs. buying now, not ten years ago. Yes ten years ago was a very different market but unless you have a time machine, not relevant to the topic
3
oh sure realtor
3
@idliketosay “wishing” does not change reality. Grow up and stop whining.
3
please stop repeating that useless mantra
3
lol
3
were you saying that same BS in 2008-2010 or were you not yet a bill-paying adult?
3
@zackbog same could be said for many cities
3
@slujano your debts, not anyone elses responsibility
3
@ellwoodwolf lol
3
lol c’mon man!
3
@pmscalisi true, you dont know. You dont know what you are talking about. Rent price is what someone is willing to pay. Rent price is not based on the landlord expenses. A landlord expenses may be higher than what that area rental price is and then the landlord loses
3
no it does not. you have no idea
3
@kipincharge2833 no you dont
3
@hvaball150 equity will vanish over next 3 years
3
good riddance to bad rubbish
3
@MichaelBordenaro lol 😂
3
@grimaffiliations3671 oh ok sure
3
same was said over and over in 2007
3
@josefj1776 keep drinking the Kool-Aid and you will be fine
3
@OldLion64 no it is caused bu FED manipulation of markets by increase money supply and artificially decrease interest rates
3
if you don’t know someone to sponsor you, you dont get in and must do same work fir half the pay. Very elitist IMO
3
great analogy
3
lol not “everybody lives off credit” but most yes.
3
@hvaball150 the FOMOs who bought housing in 2022-2023 will regret that for many years to come. If you think buying now is a good idea, go ahead and buy some housing
3
many are soon to be house poor AND cash poor
3
@Jade.123 PPP loan foregiveness
3
solid advice
3
not true for those who paid inflated price 2022/2023 the price will deflate so how is that paying yourself?
3
@JohnJohnCrusher peeple die every day pal
3
and the sheeple will eventually realize it
3
so why has she not tried to do ANYTHING about it?!
3
@MrSteeDoo yet you keep listening and trolling SteeDumb
3
Crook County IL
3
BS realtor
3
yup
3
C’MON MAN!
3
@JillFestini bingo!
3
@geekfreak618In most sunbelt cities rent is less than half of what a mortgage would be for equivalent home if the home was purchased 2022/2023. Do you think that now is a wise time to buy a home?
3
@fazdoll So you believe buying a home today at these inflated prices is a good idea when can rent equivalent home for less than 50% of that mortgage? you should buy some homes then
3
@joesmith3590 the fact is that housing prices are going down in most locations so do your research before comment
3
sarcasm alert
3
they enjoyed the money and should be required to repay the loan. I never took the loan and my tax dollars should never be used to repay someone else’s debt.
3
just keep your head in the sand and you will be fine.
3
price it correctly if you want sell it
3
they are incompetent or corrupt or likely both
3
then why are you listening to him ignorant realtor troll?
3
high union labor costs and kickbacks to get through the massive beauracracy
3
whoopdee shet!!
3
not a chance. Research US housing market prices 2008-2012 to see an example of what is coming for this housing market
3
they will find out
3
@ALEXdaG clearly you were not yet a bill-paying adult in 2008-2012 but you are about to see it play out again
3
or at least it rhymes
3
never a lender nor a borrower be
3
should sell it before prices drop. Then rent for a year or two, then buy in a non-HOA area
3
@Save_the_Stick_Shifts kooks yep
3
RFK jr
3
because the Zestimate said so
3
Big time !
3
yep dont be the bag-holder
3
5000 is but a few months rent for us peasants
3
hopefully this is sarcasm
3
just keep your head in sand and go somewhere else
3
so go ahead and pay double per month for an equivalent home if that type of peace of mind is worth it to you. It is not worth the premium to me
3
@BREEZYM6015 REALLY?!
3
ming wong the ding dong troll
3
Horton hears a who
3
@hvaball150 no it is not
3
yup it is a slow moving train wreck
3
stop watching and trolling then
3
yup
3
… in the democratically run big cities.
3
rents are average 50% cheaper than buying at these inflated prices TODAY
3
California law does not protect the landlord
3
who? Hollywood
3
please cite the source of this information or stop spreading BS drama
3
agreed
3
thanks for your first-hand reporting of the facts
3
I have never seen homeless on any of his videos
3
who?
2
history does not always repeat but it rhymes
2
go spread conspiracy theories elsewhere
2
Bro my rent did not increase in 2 years in San Diego. So what.
2
so far but the down cycle has just begun
2
you were not around last time it seems
2
If you hope for the best and prepare for the worst, you wont be disappointed.
2
well, bye
2
BS
2
no need to fit in purse. Can just put in cart and leave with it in Californistan
2
Juan Deere
2
and they add various fillers to the meats
2
what is the difference?
2
RFK jr
2
unless you buy your shoes at the thrift store or swap meet like I do
2
FACTS!
2
go ahead you first
2
no tip
2
Sheeple who do not learn from the past are condemned to repeat it.
2
LOL you crushed it!
2
let the free market work so that prices of everything will grind down to pre-pandemic levels
2
too bad that debtors prisons went out of fashion
2
@anthony-L.A.6946 nobody said that so read again
2
@anthony-L.A.6946 that is not what anybody advised or implied
2
buyers will not cave this time
2
@rxdoctordaddy1795 just keep your head in sand and buy housing while you still know everything
2
not true. You must not have been a bill-paying adult the last time this happened 2007-2012. 2006-2007 the MSM and sheople were saying same as you are. Between 2007-2012 home prices cratered about 50% in many cities
2
lol where?
2
bingo
2
good mayor
2
@tealnexttimebond8859 keep your head in sand and go somewhere else
2
at these inflated housing prices, rent for an equivalent property averages 50% less than buying so it is clearly chraper to rent than purchase NOW Jan 2024
2
yes that has been going on for millennia
2
23 million homes sold in the US in 2023? Many of those will soon be short-sales or strategic defaults when the owners see that they owe much more than can sell for and when the owners get laid off in recession
2
hopefully your Olds has the unstoppable 3800 V6
2
inflated housing valuations
2
how?
2
@jacinedelarosa6302 says the realtor
2
why not?
2
bye then
2
just keep your head in the sand and you will be fine
2
it works until it does not
2
his woman and his best friend, … in bed and having fun!
2
you must not have been around or paying bills last down cycle 2008-2012
2
@buildingbuildercip8292 ok so is now (Jan 2024) a good time to buy an investment property in your opinion?
2
@ChrisBrown-hr6mc take your own advice
2
oh sure that sounds right
2
yep I experience the same crap on YT lately
2
how?
2
yup
2
@Curlyblonde those as well!
2
2008 was also an election year and that did not stop the housing price corrections
2
you seem to have covered the possible trajectories without understanding what is actually happening now or looking back to 2007-2011 to understand this market similarities
2
@MattSchuster2565 no way to know for certain but when price for the property is back to where it was in 2018, bottom is near and is close enough to buy IMO but will be 30-50% lower price than the peak. maybe 2024 but more likely 2025. housing price moves slowly because not the stock market
2
@jaydeeare285 well then go buy some homes if you think is good investment.
2
rhetorical?
2
Always
2
Walgreens began on the South Side of Chicago in the early 1900s. Many years ago I saw how much they were expanding in the Chicago area so I invested in their stock and thankfully, I sold that stock years ago but did not gain all that much. Sad to see this long successful company now in its final days but that is the way progress happens in a healthy economy. Let the losers fail and move forward.
2
they will go down soon enough
2
YUP! Soon to reach critical mass. This train aint stopping
2
a sucker’s rally
2
the CEO, CFO, board chairman, shareholders
2
Just keep your head in the sand and you will be fine, Caroline.
2
yes such a disgraceful speech from the worst president in modern history
2
Repo Man
2
yep. When greed becomes fear, the time to buy is near
2
@brianglas7768 you first
2
… yet.
2
BLAAAH!
2
@pmscalisi you do not understand that rent cannot rise more than people are willing to pay regardless the landlord expenses. Many landlords lose every month
2
my tax money should not help you pay for anything!
2
ghost jobs and data collections
2
If bought at the peak it may take 7-10 years to be able to sell for that sellers purchase price. This happened to many who purchased 2005-2006 in Cali, Phoenix, Vegas, FLA, etc. Underwater for 7-10 years depending how much was downpayment paid
2
@Jack-pd4ps not greedy to try to avoid overpaying for an asset that is clearly beginning to show price bubble deflation
2
please stop repeating that absurd crap
2
@MrSteeDoo go back to playong video games doofus
2
same trite comment every time
2
your point?
2
@scottmcamis2127 how do you figure? “make things worse” how? Define worse.
2
Yup!
2
thank you for your service soldier
2
many will be holding an expensive bag of crap when they see equivalent homes selling for 50% less than these FOMO buyers paid. That is one scenario that will trigger strategic defaults and the ensuing foreclosures and short sales
2
@jaydeeare285 please enlighten us Jay. It is obvious in the context of the post that those who overpaid for a home in the last 2 years will soon owe more on the loan than the home is worth or if paid cash, home will be worth much less than the inflated purchase price; that owner will be the bag holder. The lesson is to learn from the past and avoid buying on FOMO or risk being the bag holder
2
Not true. For those who bought at inflated prices, will not be able to sell for enough to pay off the loan balance. I have seen this movie before and seems you dod not but soon enough you will see the rerun
2
Bingo
2
salespeeple
2
yet
2
draw a circle around Oakland and SF. That is the no-go zone of Distopia, CA and soon will look like Mad Max
2
F the investors. Smart money got out at least 18 months ago
2
if a home buyer cannot even afford a “a few thousand to pay their realtor”, how can they afford a home that costs hundreds of thousands of dollars?
2
lol
2
so true
2
same
2
stop watching. simple
2
@hvaball150 US housng market the prices in many large cities in the Sun Belt dropped 50% by 2012 from 2005-2007 prices. Do your research before spewing lies
2
if has no equity or negative equity, the home is absolutely not an asset
2
too bad it is in Cali
2
😂
2
not safe
2
hopefully other locales follow Palm Springs lead regarding Air BnB, VRBO and all this STR type ridiculousness
2
@DIVISIONINCISION probably many losing jobs or being told to get back to work in office in California
2
@GrantDWilliams82 nobody deserves “free money” comrade
2
@ethanbrownell4564 The victim is the person who never went to college or paid their own tuition like I did or paid their loan back but now will be forced to help repay someone deadbeats’ loans
2
are you insane?
2
jail and lawsuit are the bigger risks
2
@ShadyD365 and they gotta lotta nice girls!
2
please explain when and where this happened
2
wishing you good luck on the job search
2
that is good news!
2
seems you are projecting your jealousy Francisco. Maybe you bought at ATH and have no cash on hand to scoop up the deals that will be available soon enough?
2
yes comrade, but what is the alternative?
2
wrong
2
you dont know so go ahead and buy now
2
house prices may start dropping fast in Rio Rancho
2
@minaso81307 go buy a home if you think now is a good time to buy at these inflated prices
2
you are on the wrong channel
2
minimum wage was never intended for soneone to “live off”
2
… yet.
2
the war will persist until the money stops flowing in. Same happened in the 80s in El Salvador
2
wealthier people and better quality schools in the burbs there
2
nice!
2
math is not one of your strengths
2
not true. You must not have been around 2008-2014
2
@MrMleewilson yeah so what is your point?
2
Crook county government workers. Enuff said
2
FJB
2
@anonymousnoname1889 please enlighten the sheep with your plan for the better alternative
2
stop listening then george
2
proxy war is expensive
2
soon enough.
2
@zippythechicken 2008-2012 US housing prices declined and dropped drastically in some states. You must have been very young or under a rock to not be aware of that historical FACT
2
they pay their relatives for BS contracts
2
F SoCal
2
slowly but surely
2
@ksorsomeplace You missed the point
2
your point?
2
@specialk2514 yay…
2
you are not fooling anyone with your multiple usernames House_Packer nutball
2
where?
2
great! so you dont need return
2
always inflates and melts up to the precipice of the decline and recession
2
where did you get your crystal balls?
2
They will be staying in some resort in Vegas or Palm Springs
2
yes I was there and prepared for it and thankfully I was able to keep my job
2
it is already really happening. Is the news saying “a recession is coming”?
2
@ because you get into the union based on who you know, not what you know
2
homeowners without school-aged children should not be required to pay school taxes
2
@ralph95 you need a brain
2
Aerosmith!
2
@Mikefngarage thank Fed chiefs current and prior all tge way back to that complete fool Alan Greenspan
2
yup
2
FJB
2
@taroman7100 are you happy about the inflation caused be the FED response to Covid19?
2
not true. I can and do save with the current rents vs. buy
2
@fazdoll you have no clue
2
in Western and sunbelt states rent price is less than 50% of what a mortgage would cost for equivalent house so I dont know what crapville you are thinking of
2
bingo
2
says the realtor
2
yours is the dumbest comment I have read so far today
2
the sellers are stubborn fools. that is why
2
history repeating
2
yes true for Texas and Florida but not true for Nevada which has very low property tax and NO state income tax
2
you spelled Texas wrong
2
that would work for me
2
how do people have no choice? Rent is half of a mortgage or even less
2
yup! that is the mission statement of corporate America
2
prices will drop 50% in most sunbelt states over next 3 years. same hsppened 2008-2011
2
comes out of the incubator
2
cannot go up any longer. wake up
2
@lrac88510 newcomers
2
@TruckerLerone where? Fantasy Island?
2
black swan season
2
@MrSteeDoo election
2
not a pot to piss in nor a window to throw it out of
2
so stop watching and keep your head in sand Philip
2
FOMO factories
2
@BREEZYM6015 what is your point?
2
@RickAP do you believe that buying a home at these inflated prices is a good idea? you should buy some homes
2
@trainsandlocomotives buying a home at an inflated price that in a few years will be worth 50% of the pirchase price is the waste of money
2
@Trumps_Idiocracy negative equity thing also
2
@Trumps_Idiocracy or that negative equity thing for those who purchased 2021-2023
2
he is a clown
2
he plays the clown
2
you are full of crap tompeed
2
not intetested in rust belt
2
good ideas
2
lol
2
@frenchfred3 No the owners agree to the HOA and their covenants/rules when buying the home
2
please stop subsidizing the lifestyle of capable adults
2
right!?
2
replacing over and over
2
lol
2
that report nealy always later is quietly revised downward. Do your own research
2
lol
2
Illinois too corrupt
2
@jccharles obviously your house was overpriced
2
yup! the wheel keep on turning
2
yet
2
says the millennial realtor
2
and street crime is totally out of control there
2
@jaydeeare285 troll millennial realtor
2
they just did
2
Yup!
2
they will all be gone soon enuff
2
until equity soon vanishes
2
you have no idea
2
great!
2
those who do not learn from history are doomed to repeat it. You were likely not a bill-paying adult last time this cycle was upon the US housing market 2007-2012
2
you are not?
2
the joke is on that fool seller
2
Wrong. In many areas (Sun Belt) homes are not increasing in price but rather already deflating. Do your own research before commenting please
2
coming soon to a market near you
2
Fed lies
2
they got laid off already
2
yup!
2
FJBrandon
2
lol
2
you left out the part that in most areas a home can be rented for 50% of what an equivalent home would cost for mortgage+tax+insurance
2
slow and steady housing price deflation
2
never
2
Bastille style
2
yup
2
yea pay rent that is 50% of cost for a mortgage for equivalent home while those home prices are deflating is the prudent and wise plan
2
the very rich do not care at all about inflation
2
it wont be worth so much too much longer
2
oh sure let us know when and where. You were obviously not a bill-paying adult last time housing prices corrected 2008-2012 and many lost 50% value within 2-3 years in many Sun Belt states
2
nobody cares
2
sthu
2
try thin-crust pizza in Chicago.
2
so force the predatory lenders to repay the loans
2
ok bye
2
@davidneidich5989 thanks brother! cheers!
2
how is that?
2
massive inflation that MSM does not report and govt probably omits from their BS CPI reports
2
human nature will endlessly prevent that
2
on Fantasy Island
2
lol Magnum P.I.
2
same
2
bye
2
@seekrengr751 exactly!
2
add Richmond, Stockton
2
CA prop 13 will soon be repealed
2
lol
2
where?
2
oh right and you must be brilliant lol
2
irresponsible
2
I voted to recall and many others did the same. If voting mattered, the administration would not let us do it IMO.
2
@jaydeeare285 historical facts! not a story. The post is about LA. Check for youtself what happened to housing prices there 2003-2012. 50% price drop peak-trough. Please answer this simple question: Would you buy a home in LA today at these prices? I suspect you are not old enough to have understood what was going on the last housing market correction so your opinion is not coherent here. Keep in mind this channel focuses on the Sun Belt so if you are in Rust Belt or Northeast you dont get it and are arguing for nothing. This channel may not apply to your market. If you think housing prices are going to appreciate, ho invest and place your bets then but I say that is foolish. Why do you get upset Jay? afraid you missed the peak to sell?
2
@moochythecat3435 same happened 2008-2011. Many pets were left behind in the yards of the soon-to-be foreclosing homes. Sad and disgraceful.
2
not true at all
2
have you not seen his previous videos?
2
LOL
2
go ahead and buy if you believe Ramsey
2
@jonathantaylor6926 woohoo great! Sitting on cash to buy some short sales
2
short-sales incoming
2
so stop watching then troll
2
same for Texas
2
it is never enough
2
Correct and many adults now were too young to have understood those 2000’s when the asset bubbles and ensuing layoffs, recession, and deflation happened.
2
where?
2
thank you captain obvious!
2
@winniethepoohandeeyore2 thank you csptain obvious!
2
FJB
2
neither do you
2
i am not struggling but I have no debt and live very frugally
2
YUP!
2
sucks about the neighbor. What a good example of an unexpected deal-breaker for staying put
2
so go all in amd keep drinking the Kool-Aid
2
yup
2
bs
2
@syzyphyz yup
2
@ easier said than done Jerry but if you can do that, congratulations. I prefer to do the work myself so that I am not at the mercy of being cheated by contractors price gouging and suffer their shoddy workmanship even though I can afford to overpay like you do.
2
then dont listen. Simple.
2
@JimBeam123 yes that is exactly what happened in 2006/2007 before prices really started rapidly declining in many sunbelt states, people started losing jobs, stock market declining. You may have been too young in 2006/2007 to understand it or were in an area that did not have housing prices inflate into the bubble and collapse but if you are in the sun belt you will get it this time painter and you can keep saying LMAO while collecting unemployment
2
wishing changes nothing, Joshua. Prices will come back to reality just like they did in 2008
2
viva México!
2
lol
2
@geocam2 keep dreaming
2
where?
2
the home flipping game is profitable until it is not and the bag-holders will lose. Home flipping will not be profitable again for at least 4 years but I suspect much longer based on how much home prices will slowly deflate
2
@nolongeranurse3369 many parts of US dropped 50% 2008-2011. Were you not yet a bill-paying adult those years?
2
not likely ever
2
Commifornia does not rule amd prop 13 is soon to be repealed comrade
2
you first
2
sounds like a Unabomber style nightmare home
2
nicolasgirard2808 yes but everyone gets k-12 while many of us pay for college or go to work never attending college. We should never be forced to help pay off someone elses debt ever
2
troll
2
where?
2
that is great stuff! Rental housing still expensive and difficult to find there?
2
@Petergibbonsmindset lol yup
2
@Resmith18SR lol
2
they will
2
me too!
2
In coastal California. The climate is moderate enough to not need AC or heater in the homes.
2
Houston?
2
it is what it is
2
lol of course the realtor says that
2
Commiefornia will take many years because of pure ineptitude and socialist leanings
2
which is forthcoming promptly
2
seems you are complaining without offering any solutions
2
wow you must be at least 108 years old
2
@jackson32 the sheeple were saying same in 2004-2007 but maybe you were not yet a bill/paying adult. Real estate did not “go up” 2005-2012.
2
@blackworldtraveler3711 BS
2
yeah the gut-bomb
2
WFH
2
nine months too late but better late than never
2
where?
2
@seekingthetruth304 yup
2
returd
2
@J_WheelerDoll30 rents sre typically 50% less than the equivalent home mortgage if purchased today or within past 18 months
2
6% raise is more than most
2
same
2
how?
2
whoopdee-shit!
2
how?
2
Bay Area of Northern California USA
2
are you insane?
2
lol millennials FOMO farm
2
I do not feel any sympathy for these extremely wealthy Los Angelenos. Just being honest
2
at least
2
just like last time 2008-2012
2
nobody said it was the same
2
@DIVISIONINCISION IF
2
@jaydeeare285 how many did you buy then Jay and in which years?
2
that is why the immigrants are being welcomed to come illegally under the pure charade of asylum
2
F new cars! I always buy older used vehicles and do my own maintenance and repairs. Buy Toyota or Honda. F keeping up with the Jones fools!
2
everybody is gaslighting everybody else and they know that I know that they know that I know
2
@zippythechimp4219 and the sucker is you if you bought a home at inflated prices 2021-2023
2
@jaydeeare285 see if you are LOL in 2025-2027 when your home value is 50% of what it is today troll Jay
2
only if you have some fixed income stream
2
van life sounds better. Hell is orher people
2
@dbatch5677 Maybe but unless it had a failed compressor or refrigerant leak, I likely would have repaired it for cheap.
2
hold it for what? to pay carrying costs while the value deflates?
2
how?
2
?
2
Lets go BRANDON!!
2
FOMO alert!
2
yup WTH?
2
Exactly!!
2
yes thanks for that case study. seems very predictable this artificial price inflation would be the inevitable outcome
2
The PPP loan recipients and all the people who were allowed to stop paying mortgage or rent and were not able to be foreclosed on or evicted.
2
@hvaball150 lol
2
corruption
2
for decades
2
then buy more. just go all in so you can crush it and be wealthy gabriel
2
Dave Ramsey, Barabara Corcoran, Lawrence Yun; all bullish on US Real Estate and all 3 full of BS. Look back at what Lawrence Yun was saying in the mid-2000’s all the way into the 2008 crash that was so obvious a bubble waiting to burst and same repeating now on a more widespread scale. Search on Lawrence Yun comments from mid-2000’s up into the 2008 crash and see for yourselves that he is a shill and full of illogical optimism nonsense yet 15 years later is still quoted as an expert by the media despite the proof of what BS he was pushing leading up to the previous housing market collapse
2
yes that is basically what Powell said when they decided to drastically raise rates from nearly 0%
2
your point? This is about rent NOW vs. buy with a mortgage NOW
2
yup
2
patience will be rewarded. The fools rush in. Fools and their money are soon parted
2
@JBoy340a Please cite your source. Here in California it is not illegal to sleep in your vehicle. I am not aware of any US states/cities/counties where it is illegal to sleep in your own legally parked vehicle.
2
@venutoa yup
2
spoken like a debtor
2
oh sure
2
is not common
2
great guitar play Michael! First tune is Still Loving You, my favorite Scorps song. Thankfully I left my hometown of Chicago in 1999 but now in Cali for 12 years and planning to get the hell out of this socialist crap state soon with destination New Mex
2
thanks captain Obvious
1
@emmaleebuzzard1023 same
1
Great one today guys. What Dan says about cleaning the condensor is true. Also if your AC or blower stops working be careful with any service tech who says it is all old, worn out, and needs replacement of the entire system. This happened to my friend who was quoted 14 thousand dollars! While he and his family were waiting in a heat wave for the new AC unit to get in stock, I checked his and found the failure was simply a start/run capacitor had failed. I replaced the $20 dollar capacitor, cleaned the condensor coils, and it has been cooling like new for years now. Always get a second opinion when someone says the whole system needs replaced. I have found similar issues on other blowers or condendors where a supposed professional claimed the entire system needed replacement nut really was an inexpensive and simple fix.
1
ok bye
1
the same reason they dont print enough to make every citizen a millonaire
1
@markadler8968 correlation is not causation
1
go for it
1
self-scan = all free!
1
Rivian
1
5- Guys is overpriced crap
1
yup
1
@rrluthi1 false narrative
1
that equals delaying the inevitable
1
your logic is flawed
1
@aloksrivastava7938 i dont need to. I am not confused
1
and the ground is soaking wet 24/7
1
you are easily amused
1
get a second opinion. This may be sonething as simple as a failed start/run capacitor or condensor fan motor. HVAC techs absolutely cannot be trusted when say that the entire system needs replacement
1
@TheSuperdodgy disaster incoming
1
yes for their kid
1
@rickstarr7831 just keep your head in the sand and you will be fine RickTarrd
1
I may relocate to PR
1
what the Pho!
1
so go all in and buy more!
1
because it is RISK FREE 5%. You are about to lose big so keep laughing all the way to the unemployment line
1
place your bets. go all in and crush it!
1
yup
1
Come On MAN!
1
you must have not been a bill-paying adult during last housing price downturn 2008-2012. This is playing out same way
1
so did you invest in them? If not, why not?
1
RFK 2024!
1
HOAs are about control and dues collecting. I will never buy in any HOA ever and thankfully I have no interest in buying any new builds. Neighbor want to paint his/her home a stupid color? Not my concern
1
tip of the iceberg IMO
1
If not they may receive it soon
1
they always do
1
keep buying SFR and Nvidia. We need someone to hold the bags
1
they rent, duh
1
@unaldurmaz250 FKH
1
how do you know?
1
BS
1
buying at unprecedented housing bubble prices is foolish IMO but go ahead, it is your future not mine
1
not true for tge landlord who recemtly overpaid for a home and local rents cannot cover montjly expenses
1
@jim165670 more strays
1
good riddance to bad rubbish
1
CA prop 13 is soon to be repealed
1
The Cung Flu plandemic changed this world into an alternate reality
1
lol
1
governments globally already did that in early 2020
1
trite
1
… yet
1
They are overpriced
1
where is rent less than a mortgage? Crapville? Any desired area especially sun belt the mortgage is triple what it would cost to rent the same home
1
were you saying same BS narrative 2006-2010 or were you not yet a bill-paying adult?
1
Oh really? Ask RJ Reynolds lolololololol
1
these multi-millonaires are going to expect taxpayer funded government assistance and bail-outs
1
@hvaball150 eat them
1
I am only surprised that there are any call centers remaining in the US.
1
you first
1
that is not what happened in the previous housing market correction
1
yup
1
nothing
1
conspiracy theory
1
it won’t
1
… yet.
1
yup
1
and …
1
ok comrade
1
its all bad in Crook county tho
1
false narrative
1
sheeple
1
sarcasm?
1
it feeds the rich while it buries the poor
1
unmitigated inflation
1
you first
1
yes quite a Pandora’s box awaiting these naive folks
1
certainly for wealthy only
1
yup
1
@shirtlesslager you have great hindsight mentioning “lost gains”. That close to retirement should invest low risk or no risk. Is 5% interest risk-free not enough?
1
@rokyericksonroks simple. The builder would need to lower the prices in that scenario
1
en vino veritas
1
YUP
1
nice
1
not I
1
@tammyturowski6703 same as 2007
1
there are NO free lunches
1
oh sure rent cost more than buying where? Must be on Fantasy Island
1
lol
1
yep
1
i just ask for extra onions but hold the fecal material
1
bingo
1
get a grip
1
why and what would that do?
1
@NvidiaRTX5080 from prices now to 2016 levels is a huge drop in many markets where they now cost double or triple what same costed in 2016. How is that a “minor correction”?
1
inevitable
1
@MadJoeyWales when seconds count, the police are minutes away.
1
… yet. Or they want to continue their delusion with heads in sand
1
the older i get, the more obvious it is
1
god willing
1
@Jack-pd4ps says the realtor
1
ticket agent Sum Dum Phuoc
1
all lies and jests with cooked books
1
Quite obvious gaslighting and shilling, no?
1
do tell please
1
likely will get to that level again by 2027
1
what year?
1
or bought investment property with PPP loans
1
bingo!
1
@ggw5822 yup!
1
your point?
1
“addressed” how and why?
1
@billschillerstrom583 says the CPLie
1
@billschillerstrom583 sarcasm?
1
@mingwong8091 @mingkong, clearly, the English language is not one of your strengths
1
the govt lies with statistics
1
@Cruel_Shoes Yes you are correct but should realize that when you bought, the mortgage was not much more than rent for an equivalent home. Buying now would have a mortgage/insurance/tax/HOA double tge cost to rent an equivalent home.
1
@hvaball150 because it costs half the price for same place
1
@nolongeranurse3369 you completely missed the point
1
California state law caps rent increases to maximum 10% per year.
1
SELL now
1
then nothingburger
1
we all (the lower middle class) will pay the price as always do
1
@JohnSmith-zi9or yup
1
solar voltaic panels are also manufactured in Mexico
1
agreed
1
lol and driving thru Dixie Square Mall
1
should have called manager over and demand call police and provide the video
1
yes true
1
I do!
1
@joeswanson733 soon
1
killed me a bitn this go-round
1
@sportsman4545 Unions prefer the Dem corruption. unions are elitist IMO.
1
@factsplz2248 why you sorry?
1
Bingo
1
prices already coming down though. check for yourself before post
1
FCA
1
so what?
1
Crook county
1
fire that mayor at next election
1
that is what the sheeple say
1
@michaels7566 years of pain for the majority
1
let them pay their own loans and expenses too
1
2014 housing prices were low compared to historical trend and the mortgage payment was less than rent cost for equivalent home in most areas of the US. I dont see your point. Nobody has a time machine to travel back and buy in a buyers market at those low prices
1
yup!
1
plenty of time for sabotage
1
well said
1
why would corporate investors purchase a home with negative monthly cash flow? TX property tax now almost same cost tobtent an equivalent home
1
keep drinking the Kool-Aid
1
no thanks
1
@michaelphillips4452 yup and the joke is on us
1
yup
1
@GregorF-HansS3772 lol WTH!?
1
if bought at all time high, owner also has a good chance of growing negative equity. Seems you were not yet a bill-paying adult 2004-2012 when plenty were underwater with negative equity and most of those underwater stopped paying
1
they have tornadoes in Illinois
1
Those reasonably priced areas typically have limited well paying jobs available so only a good idea for retirees or remote workers
1
… yet.
1
@alexandrebenois7962 whoopdee-shet!!
1
@Againstal9ahwiyat rent can only be what someone is willing to pay in that area. Rent is not simply able to increase due to rising expenses of the landlord. Landlords often do pay more in expenses than fhey get in rent. This seems to work when appreciation is in double digits but for those who overpaid at the peak, the appreciaton will be very negative for years to come
1
Would you buy at these inflated prices if able to borrow the mortgage loan at 5.5% interest? Not I
1
investors dumping multiples at same time
1
Gabriel just keep your head in the sand and you will be fine
1
I hope so
1
that must have been a looong-distance call
1
they are all wealthy in Pacific Palisades
1
that already happened 2021-2022. where were you?
1
@MrSteeDoo troll
1
@weirdmatter wishing changes nothing
1
that is possible
1
lol
1
How?
1
@mommom3172 … says the Realtor
1
what other reason?
1
yep. more or less that is what happened in those years but the prices did in fact crash anyway
1
please dont return them to the US
1
yep
1
you will see it this year Jimmer
1
or “Me first!”
1
many underwater investors and homeowners/borrowers will do just that
1
he knows what is coming
1
yes and government will pay the banks
1
nobody cares
1
yup
1
yup
1
50 bpts cut in Sept then a hike or two in 2025
1
bingo
1
bingo!
1
@m.f.m.67 exactly
1
@slimjym4396 the loans were frauds
1
sheesh
1
said Ben Franklin, I believe
1
@treesnmoguls agreed!
1
… yet.
1
he/they needed to save that down payment AND emergency fund PRIOR to having kids
1
hopefully the cats are okay
1
to see the true loser, look in your mirror
1
lol
1
that is called a short-sale. this was very common 2009-2012 so look it up and learn about it
1
@jamesfyffe2610 yup I am always ready to defend myself there with my head on a swivel and my tools within reach
1
only a fool laughs at his own comment
1
maybe on Fantasy Island
1
@sierrasky2491 hope is not a strategy. All the indicators show we are in recession and housing prices already starting to fall.
1
yes that is exactly what will ensue
1
human beings dont care anyway
1
good points!
1
@bg5322 false narrative
1
great for you!!
1
Those who do not learn from the past are condemned to repeat it.
1
@andrewsnyder9262 it is not all about you, Andrew. You missed the point.
1
sounds expensive
1
lol that is appropriate!
1
blame the current administration for the illegal newcomers crossing the US borders. They were more or less invited by Dems
1
yep
1
nope
1
@anthony-L.A.6946 you cannot guarantee that. Sheeple who bought homes in 2005-2007 dod not recover to their purchase price for 10-12 years!
1
@allenmobley8444 yep all that the equity brings is higher property tax and insurance costs but it makes the sheeple feel wealthier
1
bingo
1
you have been trolling this channel with absurd talking points. Why do you keep watching this channel if you are so against the facts pointed out, SurfTard?
1
@John-c4r1o yup
1
must be Cali
1
@privatecitizen4001 and is also a falling knife
1
@TaylorCks03 no thanks
1
you are on wrong channel. Just keep your head in the sand and you will be fine.
1
Most people were saying exactly that in 2007
1
@chriszavos same was the mantra in 2007 but you are likely too young to have experienced that year as a bill-paying adult. Those who do not learn from history are doomed to repeat it.
1
yup same as 2008-2012
1
how so?
1
Yes not “always” but usually yes however he is talking about RIGHT NOW. He is not talking about a few years ago sheesh
1
grow up
1
yup
1
Not true. Easy to find rental houses in Austin for much less than you say
1
oh sure just check house prices on South Side Chi-raq
1
@Peter-jl3qk Big-Time!
1
bingo
1
the Frog
1
so you were not a bill-paying adult last time a housing bubble bursted. It took ten years if very low interest rates for prices to recover to their all tine highs
1
@Corkfish1 were you saying this in 2007 also?
1
unless you buy at all-time high and must sell during the downslide if a correction. You failed to consider that you could have to sell a home that has a mortgage amount much higher than the value it can be sold for while the renter was paying 50% less than your mortgage+tax+insurance for an equivalent home. You incorrectly assume that home values always rise. You must not have yet been a bill-paying adult 2004-2011
1
not in California
1
JB speech was all lies and jests
1
not all homeowners are in your situation. It is not all about you
1
… and they gotta lotta nice girls!
1
@MrSteeDoo neither do you
1
@jayson657 that is my goal
1
not so simple
1
@ because it is federal tax law not local bankruptcy law
1
yup
1
dementia
1
RFK
1
obviously you dont know much
1
oh poor me
1
totally inept and corrupt socialist state government there
1
yep the FED knows they cannot prevent the recession forever but they want the slowdown to be orderly instead of a chaotic collapse
1
you first!!!!!
1
@pauls-finds keep gambling
1
lol yup
1
then dont park on your grass. Simple
1
yes the market volatility is a gold mine for the insiders
1
F-ing BONKERS!
1
@Micray55 lol
1
@grimaffiliations3671 ”housing shortage” is a false narrative. did housing supply suddenly decrease in 2021/2022?
1
how?
1
lol
1
and inflation is “transitory”
1
those who have no other option
1
because the US lead the world in mamufacturing in the 40’s and the Allies won WW2
1
they will want to but that may not work this time because nobody will want to buy the debt at such low interest rates and high inflation
1
@DIVISIONINCISION says the bubble price buyer soon to be bag-holder
1
I grew up on the South Side of Chicago and shared a large bedroom with sister about 40 years ago. Other kids around shared bedrooms also
1
how?
1
BS
1
smart!
1
past 9 months IMO
1
not one person it is a committee called the FOMC. Powell is the chief of the FOMC
1
seems good for remote workers who dont mind the frigid winters but Byron is nicer than in Rockford city limits IMO
1
@cherylT321 Some of the off-brand is not worth it at all. Such garbage falls apart. Other tickets should be branded “Charles Bronson” because they are rough and dont take crap from anybody
1
spoken like a true bubble price FOMO buyer
1
says the millennial realtor Jason ID10T
1
@LaurenceHoneytoast well that explains why you dont understand this. I was in high school in the late 80’s and had no idea or even cared about housing market or economy. I was being a teenager
1
California state law limits residential rent increases to 10% per year or 5% + the percent change in cost if living per year, whichever is lower.
1
so hurry up and buy. Go all in now
1
@deborahbuffamanti4847 yet
1
ok try pissing in the ocean and see if it turns yellow
1
what do you believe are the odds of that?
1
Someone always pays. Just not those folks
1
nobody is panicking except you
1
@alyross2850 many relocate due to job changes. That has been me moving every 5-10 years for past 25 years due to changing work situations
1
socialism happens
1
how is it discrimination? based on what?
1
whoopdee-shet!
1
and it still sux
1
um no
1
yup
1
surely you jest
1
i would prefer to live in a trailer park
1
crash dont happen overnight and Rome was not built in a day
1
how?
1
that must startle the cashier
1
@thomasyunick3726 lol yup!
1
FOMO City
1
Wall Street will not buy any homes if the ROI is less than 5%
1
so go buy as many as possible and make yourself wealthy
1
BS
1
@jeffholloway7974 makes sense
1
relax
1
terrible advice Gianna
1
“Soft landing” is a myth like unicorns and leprechauns
1
yup
1
soon
1
not indefinitely. Ask Venezuela or Zimbabwe
1
@DIYDaveT still would get taxed as the difference between loan balance and sale price is the forgiven amount that is taxable income
1
crickets
1
lol
1
Really!?
1
says the realtor
1
interest rates are normal, not high. The prices are high.
1
only a fool laughs at his own comment
1
lol so true
1
yes not sustainable and can-kicking becomes less effective and more damaging each time
1
whoopdee-shet!
1
great!
1
buy one now
1
@Susan-wz7mb some of us realize it
1
great for you
1
decades ago yep
1
yep smart money would have already done exactly that. The greedy stupid investards are still in denial and will soon lose big
1
big time
1
… yet.
1
back in 2005/2006 there was talk of 40 year mortgages being the solution to affordability and propping up inflated housing prices. I was younger and naive enough to believe it would likely happen but after the 2007/2008 downturn it was obvious that the 40-year mortgage was foolish and would not lower the monthly payment that much anyway
1
yup
1
lol yup but Greenspan (under Bush) left him the big bag of crap to clean up
1
terrible advice
1
@kaputasri yup
1
@lawrencearnemann3923 what a scam!
1
they will
1
You do not see stores and restaurants closing at a rate not seen in recent history? You do not see layoffs at a rate not seen in recent history? Just keep your head in the sand and you will be fine.
1
nope its just the start of an economic downturn and asset bubble pop
1
😂
1
yup the Golden Rule
1
they are still great in my experience
1
oh right
1
you incorrectly assume that all/most home-owners are in your situation
1
it all points to recession and hard times ahead
1
Never a lender nor a borrower be
1
yup
1
Chiraq
1
CA prop 13 on the ballot for repeal. I am voting for repeal and bringing in a bunch to vote same way
1
@irritatedkitty7301 yes can park on street and live in RV or car/truck/van in nearly all of Cali except the wealthiest areas
1
yup
1
Yes and many will stop paying their mortgage for exactly the reasons you stated. That is exactly what happened last housing market crash 2008-2012
1
@grimaffiliations3671 bring it
1
3. Jason is a lying shill.
1
bingo
1
@Mikegastaldo same
1
@alexlopez5800 I dont have to imagine. I am living it
1
yup
1
may be substially more of a loss than “modest” if purchase now at these inflated asset bubble prices
1
ok boomer
1
@charlieA6401 agreed
1
@RedtheTiger1851 WTH! I should have never moved to this socialist mess Cali
1
@patrickm6012 because you are displaying your ignorance for all too see. In your case it is better to stay silent and be suspected a fool rather than open your mouth and remove all doubt.
1
so Lawrence Yun may have learned his lesson after his BS cheerleading in 2007
1
yup
1
bingo!
1
it can come from rent fee IF the rent income is enough to cover
1
were you saying same BS 2007-2011 or were you not yet a bill-paying adult?
1
come on man!
1
relocate to SE Asia or Latin America
1
cost to build is already dropping
1
@hvaball150 it is much easier to foreclose/repossess the house than to force the student loan debtor to work.
1
says the millennial
1
yet
1
October or November 2023
1
no i dont
1
@crimson.source you must have been a child in 2003-2012 to not see this part of the market cycle for what it truly is. Those who fail to learn from history are doomed to repeat it. Go ahead and buy while you still know everything. We need bag-holders. I profited off of exactly this type of FOMO back in 2007 sheep
1
After the greed becomes fear, the time to buy is near.
1
@ lol yup
1
add it to the long list of mistakes that the FED has been making since at least that loser Alan Greenspan
1
sounds like a recipe for a housing price crash
1
Bonkers! shout out to RE Mindset!
1
amd say “yes” to van life
1
@stevenotero2627 hope is not a strategy
1
@hoppeanofasgard1365 I have way over 200k in brokerage accounts, 401k, IRAs but I do not believe that would buy me an indefinite retirement in Mex
1
so what are you doing to take advantage? Why not go all in if you believe that? Keep on drinking the Kool-Aid
1
@alanheadrick7997 catalytic convertors, lead-acid batteries
1
smart
1
relocate somewhere else
1
commonly happened in GFC
1
@stevensarna8760 just keep your head in the sand and you will be fine Steven
1
@stevensarna8760 by then you will be far too late to prepare for it. Just keep your head in the sand and you will be fine Steven Sarna. Keep drinking Kool-Aid
1
BS
1
Yup
1
you are seeing it now. In real time. Does it work for you?
1
aside from the outrageous property tax
1
Commiefornia politics yep
1
obviously true but how about spreading the word to prepare for it?
1
Just a pocket-full of mumbles, such are promises; All lies and jests, still the sheeple hear what they want to hear and diaregard the rest
1
oh sure
1
Brad is a lying troll
1
@llGeomanll Big Don!
1
oh sure candleabra please take your own advice, stop listening and get out their bidding
1
almost as much cost to rent an equivalent townhome i suspect
1
yup
1
sarcasm?
1
@davidgray1515 … yet.
1
yup
1
maybe McDonalds or Starbucks have openings
1
same trite comment every time
1
WTH is MFA?
1
oh sure BS and you know it
1
yes but…
1
because the investors believe that the FED will rescue the market by lowering interest rates like they did during the C virus charade
1
I like the skinny things
1
@TheSuperdodgy … yet.
1
move
1
Mexico
1
huh?
1
@TLA123y6f numbers dont lie but people lie with numbers
1
@user-we1ue3fl5h NH does not represent the US.
1
how so? do you know from experience?
1
@justinallport9789 negative equity for those who bought 2022-2023
1
@Perich29 maybe in coastal California but not even half of that high of price in most of US
1
lol
1
higher for longer
1
they go to Vegas, TX, UT, NV, OR, NM, ID, MT
1
because people believe government gonna bail the banks out no matter what
1
that is absolutely false! Check for yourself: good houses with large yards in safe areas in Lancaster, Desoto, Duncanville, Grand Prairie, Burleson, Cleburne, etc for 250k all day!
1
oh sure comrade that socialism worked where before?
1
surely you jest
1
sheeple
1
@BenHeckHacks he is full of crap
1
huh?
1
nobody “earned it”
1
the FED has been highly politicized since at least that old clown Greenspan was the chair
1
same was said in 2007
1
@dillonvillon “lol dumb comment. lol”
1
lol yup
1
@Francisco-po1cf yet you keep watching and trolling
1
best move in this economy is to rent if dont already own
1
@gerrybyrne5636 C’mon man! Mr. T will stop the hemorrage but he aint no miracle worker
1
@ yup
1
Commiefornia!
1
Benicia is a beautiful suburb bit has very little retail. They should be taxing the oil refineries. I cannot afford to live there anyway
1
If voting mattered, the government would not let us do it
1
because at current home prices, can rent and “use” an equivalent home for 50% less cost per month and save/invest that savings.
1
@BarryThacker-t5l certainly not and not allowed to bear arms either
1
@carl16760 yup long gone
1
yes but buying a home now at artificially inflated bubble prices is foolish when can rent an equivalent home for half or less than what the mortgage would cost if purchased same home
1
the buyer pays for everything. Nobody else brings money into the deal
1
@tuannguyen-zk3lv yup
1
@beefnacos6258 where?
1
thank you captain Obvious
1
the free lunch is a shet sandwich so best to stay there amigo and I am headed there myself
1
@lindaostrom570 why “in 5 minutes”?
1
lol
1
if voting mattered, they would not let us do it
1
BS . Whataburger is wayyy better
1
go ahead and buy Deborah
1
yep we have seen this movie before
1
increasing supply leads to decreasing prices
1
@googleuser868 land goes up
1
yup
1
@razorsedge1 were you saying same BS narrative 2005-2007 or were you not yet a bill-paying adult?
1
that is no reason to go spend it all foolishly
1
@googleuser868 you have no clue. Rent is what market bears and nothing more regardless what owner/landlord pays in tax and expenses
1
@ and when helicopter money disappears?
1
bingo
1
it does not work that way. Were you saying same BS in 2007-2011 or were you not yet a bill-paying adult?
1
yup necessary pain
1
math is clearly not one of your strengths HH
1
Lawrence Yun lol! Yun was pushing his optimism BS back in 2006-2007 until reality hit in 2008. Seems maybe he learned a lesson from the GFC because he is making more sense now
1
nice homes with big yards selling for 250k in DFW south. Check for yourself: Lancaster, DeSoto, Duncanville, Cleburne, Burleson, etc.
1
@TheSuperdodgy yup
1
yup
1
that is not the recipe for success
1
NO!
1
2025
1
why would you think that?
1
you are a troll
1
@JohnWalton-md5rq he is warning those to inexperienced to understand what is coming and he is reporting facts. Those who fail to learn from history are doomed to repeat it. I believe you were not yet a bill-paying adult in 2008 so you do not realize the market indicators same now as then and sheeple like you were in denial in 2006-2007 same as now. If you do not like hearing truth about housing go listen to Barbara Corcran or Dave Ramsey to get your housing optimism and FOMO fill
1
Illinois is slowly dying under decades of demoncrap rule and corruption
1
@garyfrancis6193 robot repair techs
1
Yup
1
does your sewage drain into the waterway?
1
They are all wealthy in Pacific Palisades
1
lol
1
are you?
1
lol surely you jest
1
that is not what happened last time. You may have been too young to have recognized it
1
bingo
1
exactly!
1
that is an honorable way to pay for college. thank you for your service.
1
yes you certainly are and I could add a few other well-fitting descriptors
1
@shirtlesslager lumber prices have fallen drastically in the US. Go online to Home Depot and check the price of a 2x4x8. Lowest lumber prices in years.
1
yup
1
nobody owes you or me anything
1
soon to be Mad Max
1
@ronaldkonkoma4356 not a valid or even mature argument
1
most of the few remaining “customers” are vagrants hanging around for free restrooms, wifi, soft drink refills
1
do your own research. It only applies to government employees
1
@blackworldtraveler3711 not my problem
1
Elkhart collapsed but hey may pick up when those RVs and travel trailers are all that middle class can afford as homes while moving around country to follow the work
1
bummer. Try Portillo’s
1
@nolongeranurse3369 4.3% is a pure lie. Actual unemployment rate is much higher and rising fast. Just keep your head in the sand and you will be fine
1
yes chillier than expected there in summer
1
bingo
1
yup it is starting
1
just keep your head in the sand and you will be fine
1
you first
1
yup
1
@SharonFitzgerald away from the coast in central and northern Calif there are plenty of good houses on market for 400k-500k
1
The Sun Belt is already dropping in price. It is ground zero for this housing bubble deflating. How do you not see that?
1
feel free to stop listening
1
overpaying for an artificially inflated asset is the fools game now. Those who do not learn from history will be doomed to repeat it
1
yet you keep watching
1
people would fill their purses with ziploc bags full of meats
1
go buy more
1
@daveassanowicz186 great!
1
We dont have a choice
1
Carls Jr. ? NOT!
1
high crime there
1
Nevada has no state income tax and very low property tax. That is where to own after those inflated RE prices drop considerably
1
“Where’s the BEEF?!”
1
yes that simple but the crooks would never allow such fairness
1
TLDR BS
1
@thearch1tect249 I am almost 51 and what you are suggesting is financial suicide IMO. Unless you are terminally ill you may have 30 more years of expenses to live.
1
bingo
1
NO!
1
@crbbaldwin F them
1
these buyers/investors cannot rent it for even 50% of the carrying costs so will default or short sell when it becomes apparent that the equity is rapidly heading negative
1
@jaydeeare285 your use of the word “Renter” as if it is a slur or insult to someone yiu fo mot know who likely is much better off financially than you are displays your immaturity and ignorance Jay. Clearly you were a child when the housing market ballooned and deflated 2004-2012 so you have no experience in what is about to happen to your home value
1
AI mania
1
good plan. NV very low property tax and NO state income tax
1
@dancerjim ok captain obvious!!
1
same for me
1
just keep your head in sand
1
… yet. Prices will drop to get market back to historic norms.
1
from fecal material
1
they waited for Biden to bow out of nomination
1
not a tough decision
1
Van-Life
1
Yup!
1
@Resmith18SR lol maybe. That service likely already inflated drastically tho
1
ok so?
1
lol
1
@MrSteeDoo thank you Captain Obvious!
1
I dont know what weapons will be deployed to fight WW3 but I am certain that WW4 will be fought with sticks and stones.
1
uncanny foresight from that author
1
the buyer pays for everything. Nobody else brings money into the deal
1
the landlords who bought in 2022-2023 are sucking air and will likely strategically default once they wake up to the reality that they are losing
1
FSD
1
yup
1
F Stellantis garbage low quality vehicles
1
take your own advice
1
Jack’s 2 tacos were $1.00, now $2.59
1
get more ammo
1
@michaelrocha1570 how is college tuition related to big oil?
1
@sirgriffinman bye
1
@gauloise6442 yup what a disgrace
1
ban government backed loans
1
that is the Demonrats game plan it seems
1
PO Box
1
just keep your head in the sand and you will be fine.
1
if it does not produce at least 5% ROI, they will have no reason to buy
1
CAN
1
@vden02 what is your point?
1
thanks captain obvious!
1
yup
1
@katydid2877 lol
1
@hvaball150 if “prices are going way up”, what are you doing to invest and take advantage? Why not borrow and buy more housing so you can be wealthy instead of just talk nonsense?
1
trite comment
1
@13ChroniclesOfDagger $20/hour to start in Commiefornia
1
lol ok
1
Deflation
1
thank you grammar police!
1
ok sure comrade
1
who said that?
1
@Nikotromus you first. Go all in and buy now so you will be wealthy! IF you believe the FOMO you push
1
LOL What on earth is “barfly frenzy BS” ?
1
focus on saving and investing
1
just say NO!
1
do you?
1
were you saying same BS narrative 2005-2007 or were you not yet a bill-paying adult?
1
@razorsedge1 so clearly you were not yet a bill paying adult during the lrevious housing price bubble which explains your ignorance this time. Just keep your head in the samd and you will be fine
1
… yet.
1
should sell the home now while the straggling sheeple are still foaming at the mouth with FOMO.
1
@stephenbullock-yn3vh and clearly you were not yet a bill-paying adult or you would recognize how incorrect your original comment is
1
same dumb comment every time
1
CA prop 13 is soon to be repealed
1
no
1
… yet.
1
@rodiculous9464 very lame excuse and not a relevant concern unless you are talking about additions that require a permit which is not likely what the original poster was implying
1
@Sky1 does not matter what they were thinking when they took out the loan. Regretting the decision to take out a loan does not excuse the borrower from repayment. If that were the case I would borrow as much as I could then invest it and if investment failed ….
1
NO YOU ARE NOT!
1
same trite comment every time
1
not until/unless the monthly rent pays at least your total monthly expenses plus unforeseen repairs
1
welcome to Commiefornia
1
@ColetteSpencer-k5o bummer
1
then go buy the dip. What are you waiting for?
1
so go ahead keep spending. hurry up and buy!
1
@luciferlucero scammers have been saying that false narrative for hundreds of years
1
yep I remember that
1
go somewhere else to hear lies if you cannot handle the truth
1
divorce court judges can mandate it for custody agreement
1
@queserasera1674 The beach between Imperial and the border has sewage fecal contamination warnings all year long been going on for years
1
useless drivel
1
@nolongeranurse3369 yet you are too delusional to see reality. Those who do not learn from history are condemned to repeat it.
1
trite
1
Warren Buffet is not investing at these bubble prices but you go ahead bag-holder
1
property taxes are not paid too nor collected by the federal government in the US
1
they were invited here by the current administration anyway
1
yet you still troll on here
1
@Motoicon yup
1
Most areas they can rent an equivalent home for half the cost mortgage+insurance+tax if purchased 2022-2024
1
bingo
1
plenty of oblivious sheeple around
1
many are not old enough to have seen and understood that when the last housing bubble popped
1
van life is easier and cheaper
1
yup
1
T-Bills
1
Ukrainorea
1
@skyefarnam7857 it is the consequence of QE and money printing
1
Facts!
1
yup
1
ok
1
please give ONE example of a reasonable person predicting a US housing market collapse in 2015?
1
just keep your head in sand and you will be fine troll
1
were you saying that in 2008-2011 or were you not yet a bill-paying adult?
1
god willing
1
lol
1
officials are voting themselves big COLAs
1
@claytonelofgren do you have lots of cash?
1
definitely not “everybody is waiting and hoping for” that.
1
money is real. Go try to buy food without money while explaining how “Money is not real”, buddy
1
@melissasmess2773 I have never rented an apartment. There are plenty of single family homes to rent for half of what mortgage+tax+insurance+maintenance would cost for an equivalent house.
1
the prop tax laws will not be revised because govt knows that by 2028 housing values will be 50% of what they are today
1
CA prop 13 on the chopping block and likely will be repealed
1
@ghostnotes5667 do jobs there pay enough to pay 800/month to live?
1
cooked numbers with manipulated data and later that data is quietly revised
1
yup
1
let us know if you ever actually use it. Those folks usually dont help when you need it
1
FPPP loans
1
yup!
1
yup
1
you dont seem to understand how escrow works. Escrow is not dependent on home value other than the homeowners insurance cost increase
1
just keep your head in the sand and you will be fine
1
what is your point? Live in a vehicle or couch surf while saving up? It is better to rent for now while saving and can rent the home for less than half of what a mortgage would cost fir equivalent home at these prices
1
@rokyericksonroks yup already starting
1
were you saying same BS 2005-2007 or were you not yet a bill-paying adult? buying anything at ATH is foolish bit please go ahead and buy now
1
@TheSuperdodgy those paper gains will be gone within 3 years unless you sell ASAP
1
or integrity
1
it is not the same cost own vs rent in many areas at home prices now. Do some research
1
spoken like a true realtor
1
emergency fund savings
1
yeah but most of that city is a toilet
1
bingo!
1
yup
1
🤣
1
ok so based on that observation, the economy is booming! great! now we can all go spend!
1
bingo
1
No
1
CA prop 13 is on the chopping block
1
could you describe this “elephant in the room”?
1
the perpetually poor
1
yep that and artificially low interest rates and wild housing market speculation
1
we dont need those low rates that caused this housing price bubble
1
CA prop 13 will soon be repealed
1
@gorkyd7912 … and make them pay it back with interest
1
just keep your head in the sand abd you will be fine
1
trite comment
1
F that noise
1
nope
1
@Randy-tu6sd cannot rent for more than local market is willing and able to pay. You are pushing a false narrative
1
… yet.
1
@queserasera1674 I also think so
1
🎉
1
just like sheeple were in 2007
1
@nathanm2891 while all true the inflation that was caused by the government response to Covid must be allowed to unwind and has no alternative but to deflate whether you like it or not chicken little
1
@bigmike9433 oh sure it will lol
1
rates were too low for too long. That is what caused this housing price bubble and affordability problem. The current rates are not high, they are normal. Rates should rise and prices need to drop drastically, and slowly they will
1
There is a solution but the politicians and the wealthy dont want it
1
it all goes to politicians and corporations
1
@operasinger2126 Those types always do
1
Rockford aint Chicagoland you know
1
yup!
1
just keep your head in sand and you will be fine
1
marry a successful man
1
um not
1
nope not that simple
1
were you also saying that in 2008-2010 or were you not yet a bill-paying adult?
1
@patrickm6012 you first
1
drain the swamp
1
walking through affordable neighborhoods is risking robbery and can be dangerous
1
too risky!
1
lol
1
yep same as GFC
1
you first
1
the areas that had massive price appreciation over past 3 years will also have massive price deflation over next 3-5 years
1
cannot wait
1
seems too complicated
1
I love duck
1
KH
1
no tip
1
yup
1
wow what a bunch of crap!
1
yup
1
@billschillerstrom583 drink some more kool-aid and keep your head in sand buddy
1
yup bailouts incoming
1
@NGC6144 buy a new car and get cheated
1
if voting mattered, the government would not allow us to do it
1
@jerryinmon2731 my apologies that I am not as optimistic in the fairness or accuracy of the counts
1
@alfonsoalfonso5254 California law limits home rental increases to 10% per year.
1
sarcasm alert
1
@Nmdixon-cu7vm same here
1
@wasidanatsali6374 Exactly! I am not going to pay some “professional” to screw up my vehicle or home. If anybody is gonna screw up my stuff I prefer it be me
1
and we all gotta duck
1
it is only beginning
1
it went down HARD last time also
1
yup Hoovervilles again
1
absurd
1
yeah but it is the Rust Belt Ohio
1
of course he said that to stroke your ego
1
that is irrelevant unless yoi know of a time machine to go back and buy at that price
1
yup
1
@DIVISIONINCISION agreed!
1
what is your point?
1
@rokyericksonroks FACTS!
1
bingo
1
so why are you here watching his videos? You clearly admit you continue to watch his videos while you simultaneously criticise his theme and entire format
1
too much debt
1
@joeswanson733 FACTS!
1
😂
1
that is the real mission statement of any insurance company
1
wrong channel
1
yup
1
they last long enough to outlast us, comrade
1
@StuggleIsSurreal China
1
@StuggleIsSurreal Yes I said it will outlast us. You think you will still be around when the PRC falls?
1
… YET!!!!!
1
@bradleyw3771 may soon be rentals for the newcomers
1
doubtful but if so will not help prop up house prices short term
1
@hvaball150 says the simple-minded bubble price buyer
1
we all gotta duck when it hits the fan
1
yup
1
just keep your head in the sand
1
@spyrock247 not true
1
@Joce123 Van-life in Walmart parking lots, interstate highway rest areas, city/county parks, state parks, public streets in industrial areas, etc
1
in most parts if the Western US, monthly rental cost is less than 50% of what the monthly expense is for an equivalent home purchased in 2023-2024
1
Oakland is BAD NEWS!
1
oh sure chicken little
1
that is not the consensus. We need lower prices.
1
yup
1
would go bankrupt before that
1
@rosebleue983 26 Oct 2025
1
Bidenomics
1