Comments by "Andy Hughes" (@andyhughes1776) on "I Allegedly" channel.

  1. The IT Outage 2 weeks ago was a dry run for this upcoming Black Swan event.
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  2. Kicking the can down the road (cutting interest rates) will not get rid of the can! It will only result in a dirtier can that you must clean up later anyway!
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  3. Candy stores always do well in an economic downturn. The Fortune Cookie was invented in San Francisco during the Great Depression to cheer people up and give them some hope (it's American, not Chinese; so if you go to China and ask for a Fortune Cookie, they won't know what you're talking about!) In any case, there's an idea to make money during a downturn - come up with a treat of some sort that gives people hope.
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  4. There is only one Benchmark for a housing bubble: If the median price of a house is more than 5 times the median annual household income in the area where the house is located, there is a Bubble. Doesn't matter what caused the Bubble - sub-prime mortgage, foreign buyers, institutional buyers, etc. ALL Bubbles MUST pop at some point. The bigger the Bubble, the bigger the pop. Simple as that.
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  5. This is much worse than 2008 because: 1) Commerical real estate is crashing (billions more than housing market) 2) The Greenback's position as the global currency is waning. To give you an idea of how bad this is, it could spell the end of 80 years of US global dominance. Bottom line: we all will live small like the rest of the world.
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  6. Our economy is full of hot air - it's based on one hype after another.
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  7. How can people prepare when every penny they make go into paying for living expenses? Nothing left to save and invest in order to move beyond mere existence!
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  8. Look at the stock prices of all home builders such as Lennar, D.R. Horton, Pulte, etc. They all went down this year. Last time this happened was 2006 and the housing crash happened 2 years later.
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  9. "They call it the American Dream because you have to be asleep to believe it!" - George Carlin
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  10. Dan, how much was the price of a house when you bought it in your 20's? Did it cost 10 to 20 times a median annual household income back then? Do you see why today's young people gave up?
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  11.  @omachinancy  You can thank foreign buyers for this. Before Globalization, the price of homes (and rent) were based on the local salary. But thanks to the U.S. moving our factories over to China and made them rich, they brought their money here to buy up properties (because they cannot own land in China - Communist law). That jacked up prices beyond local salary - not fair....and it drove many Americans out in the streets. That then becomes a public problem which the government must deal with. No country on earth allows this to happen to their citizens. What our government should've done was tax foreign buyers and use that tax revenue to help offset the cost for local buyers/renters. That would be fair to you as a landlord because you STILL get paid the market price - no need for rent control. It's fair to local buyers/renters because they still pay what it would've cost if the property was tied to the local salary. It's fair to foreign buyers because they could still buy any U.S. properties. They just have to pay more - they broke it, they fix it!
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  12.  @jackmehoff5523  If the Internet is down, there'd be no food in grocery stores to buy (supply chain disruption), can't get money out of banks, can't pay bills online, may not be able to get water and electricity even. And of course, can't vote - voila, the current Admin remains in power. See why they are doing that?
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  13. They'll blame him.
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  14. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." -- Thomas Jefferson
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  15. Yep, I don't recall commercial real estate collapsing back then. Now, about 50% of all businesses big and small can't pay their rent - including multi- billion dollar hightech companies. We are in deep shet!
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  16. To further gauge, post the opposite on YT - if it gets deleted, you are confirmed to be correct.
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  17. And you can't defend yourself either because they take away your means to defend yourself and prosecute you for defending yourself even if you have the means.
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  18.  @NEMO-NEMO  Yep, biggest mistake in U.S. history.- we are collapsing from the inside out because of it.
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  19.  @marcellabrowning315  No amount of "repositioning" will save it this time. Remember, the 2008 crash was due to subprime lending to residential market. Today, the problem is the collapse of our entire economic system. That is why it can't be fixed. They just have to let everything collapse and start over.
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  20. Randa, Why should they play by the rules when the rules had screwed them over? Here's a real world example: During the lockdown, I never missed my rent even when I ran out of money and must still make ends meet. But now the government backpays 80% of the rent for those who stopped paying rent months ago. So why should I bust my buttock to keep paying my rent on time and in full when no one else did yet got away with it? In other words, why should I play by the rules? Stuff like this is what cause people to not care anymore and just take what they can without earning any of it.
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  21. Hey, if Elon can't do it, we can always beg the Russians for help. The problem is, they already gave us the finger in 2014 by saying: "I suggest to the USA to bring their astronauts to the International Space Station using a trampoline!" Thats what happens when we try to place nukes in Ukraine to threaten Russia and when they push back, we sanction them.
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  22. Kathleen, Look what happened when the government gave billions away during the Pandemic. Instead of using those homes to live in, many will flip it to make money, which will raise the price of homes for everybody else and force some into the streets. More homelessness will result! And/or some who already have a job suddenly quits to become homeless so that they can get a free house from you. Better to use that money to create new corporations in America with high-paying middle class jobs that will help people help themselves.
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  23. Robert, There is no reset - just collapse: https://youtu.be/VXYsGuBdzM4
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  24. ...for free!!!
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  25. I don't know if this is related to the upcoming food shortage (and collapse of our economy) but.... Last week, the U.S. Navy announced a $25k bonus for any new recruits to go to Basic Training by end of June. Why in such a hurry to get them in? Are they planning some sort of military action in Ukraine.....or South China Sea?
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  26. Just as I feared, they deleted my link. I guess they don't want people to know the ROOT cause in order to turn this mess around. We live in such a free country, don't we?
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  27. If everyone does like you, then our economy will not be robust. Money to society is like blood to your body - the faster and more abundant it moves throughout the system, the stronger and healthier the society. Your logic is like saying, "Don't exercise so you can expend your energy as little as possible." That goes against the nature of living things to always grow and become more. Credit cards are only bad if you don't pay it off every month. But in a bad economy like today's, people don't have the income to pay it off. So the solution is NOT to stop spending but to have more good-paying jobs so people can produce more and grow more in order to spend. Spending stimulates people to go to work and work harder. Result: more, better products resulting in ever- higher standard of living.
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  28. Dan, I got deleted and temporarily banned on this platform. Last I checked, it's American.
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  29. You'd live like a millionaire on $1,700 in places like Vietnam and Thailand. Look it up.
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  30. This is not news to me. I have been expecting a market and housing crash since 2019. So when the government sent me stimulus checks, I used it to pay off all my credit card debt - I now owe ZERO! Any time a median cost of a house in your area is more than 5 times the median salary in that same area, there is a bubble. Where I live, the median price of a house is 10 times the median salary. No way that is sustainable. This is not rocket science, people!
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  31. Yeah but the government said inflation is only 8%. Whatever the government say must be true.
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  32. ​ @marioanderson9068 But it's STILL WRONG! Welfare CANNOT be lumped into the same category as Social Security because you don't pay into it. Social Security you do!
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  33. But the Biden/Kamala regime said the economy is doing great!
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  34.  @Particle_Ghost  Because they have nothing of substance to offer.
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  35. Karma doesn't like them either. That is why their stock went from over $200 a share to $33 now - an 84% drop.
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  36. My post to you just got censored, proving your point!
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  37. How did it end the last time there was a "Biblical Default"? WWII. There will be a WWIII. We don't have to look further than the China-Taiwan Sabre rattling and war in Ukraine to see that its coming.
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  38.  @Kathleen67.  Who cares about owning land when you can rent for just a few hundred dollars a month and live the upper middle class lifestyle? In the West, you can own but at the end of the month, you have nothing left to do anything. Meanwhile, you get older each and everyday. Are you really living or just existing to labor and pay bills?
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  39. I was at the car show yesterday and found that you can lease a Vinfast MID-SIZE SUV for $199 a month with NO money down for 24 months. You can't even get a motorcycle for that price nowadays!
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  40. Out of all public traded companies on Wallstreet, only 38% are profitable. That is not a good economy is it?
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  41. In contrast, Steve Jobs left nothing to nobody. Yet, Morons still call him a hero.
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  42. The word "mortgage" comes from the French word "mortige", which means "til death" - i.e. you pay until you die. The word "real estate" means "royal estate", which indicates the property belongs to the King. Today's "King" are the banks / lenders that you must pay your mortgage to AND the government that you must pay property taxes on until you die.
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  43. You're describing most Californians!
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  44. I couldn't put it better myself!
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  45.  @KS0102  We already have them - men have been called every derogatory names in the book. But I welcome more - for those who fit the shoe, men or women! Fair enough?
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  46.  @mysterybuyer3738  Yep, but yet there are still people who think that's just Capitalism therefore good for Zillow to do. I'd say, their collapse is also Capitalism - I call it "Karma Capitalism"😁😁😄 What goes around, comes around. I love it!!!!
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  47. The world is not completely upside down - only the us.
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  48. Twitter is being ridiculous. Say, you go buy a car from someone and you ask the owner for the car's maintenance history. He not only refuses to disclose his car's history, he wants to sue you to force you to buy without knowing the health of the car. Why should there be fake bot accounts in the first place? That is like fake maintenance record on the car. Totally ludicrous!
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  49. What do you expect the government to say? "Oh, shit....we're all going to die!!!" Of course they have to say "Everything is hunky-dory!"
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  50. Oh it's many times worst than what Dan has been saying all along. We are talking about the end of the U.S. Empire. Here's why (all facts, not opinion): https://youtu.be/UC2HxR7IWlg
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