Comments by "Huwhite Cavebeast" (@huwhitecavebeast1972) on "The Savings Expert: “Do Not Buy A House!” Do THIS Instead! - Morgan Housel" video.

  1. Ah but you forget property taxes. At least where I live, they are quite high and if you aren't doing well enough, you will lose your house even after it is paid off. If you don't pay even 1 cent of your property tax, the government will take away your entire home. You are always renting, just when you own your home you are renting from the government after.
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  2.  @holaizzy  No, that is not what I am saying.
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  3. No, we aren't making twice as much money as we were in the 1950s. In the 1950s the dollar was backed by gold @ 35$ an ounce. If you took the minimum wage in 1971 before we went off the gold standard and translated it to today, it would be 109$/hour (gold @2400/oz). You can't believe the inflation numbers either, they are rigged as hell. The US dollar has lost over 98% of it's value since 1913.
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  4. No, we aren't making twice as much money as we were in the 1950s. In the 1950s the dollar was backed by gold @ 35$ an ounce. If you took the minimum wage in 1971 before we went off the gold standard and translated it to today, it would be 109$/hour (gold @2400/oz). You can't believe the inflation numbers either, they are rigged as hell. The US dollar has lost over 98% of it's value since 1913.
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  5. Certain people knew Pearl Harbor was coming, the stock market crash of 1929, 9/11, the 2008 financial crash, because they planned it. You can read in FDR's diaries how he intentionally provoked the Japanese, and knew they were planning to attack, and told no one about it.
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  6. Yes. The mitigating factor is the massive housing shortage, which will only be exacerbated by all the illegals flooding in.
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