Comments by "Bo McGillacutty" (@Mrbfgray) on "Normal people will never own a home at this rate 😞" video.

  1.  @BetterDeadThanRed99  98% of it's value over about 200 yrs? You must be young. Hopefully you figure out soon enough (before it's too late for a decent retirement) that things were never ideal and yet SOME folks always thrive and others always wallow in self pity and excuses for personal failure. You have to keep on investing one in yourself and in the economy or your guaranteed to fail.
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  2. Normal is living hand to mouth which is an extremely expensive life style, instead of living well BELOW one's means and getting ahead. Don't be normal. (yes a tangent, just say'n!) I'd be inclined to wait until the 'bubble pops' but in fact I bought my shack right about the last peak and I'm glad I did, it's not so much an investment as a place to live where no one can tell you what to do with your own dirt.
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  3. You haven't even experienced significant inflation, it was up to 15 or 18% (if memory serves) in the early 1980's. Things are far better today overall, but YEAH the reckless printing by DC is going to cost us.
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  4.  @BetterDeadThanRed99  Everything has NEVER BEEN FINE, get over it. Some folks always thrive regardless and others always wallow in self pity and excuses for personal failure. The only thing that's certain is failure if you don't invest intelligently in something , no matter what era you are trapped in. I've seen much worse times, but yes the reckless printing will cost us and 'crashes' will happen. The only reason ppl got hurt during 2008/9 crash was undisciplined emotional reactions to the market and stupid mortgages they couldn't afford. Had they simply rode it out they'd done very well by now.
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  5.  @BetterDeadThanRed99  You should tune into Peter Lynch right here on YT...very smart, unusually entertaining and highly useful approach to markets for us ordinary retailers.
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  6.  @BetterDeadThanRed99  And yet YOU are so enlightened and far TOO smart to learn any more? No insult but out of curiosity--how old are you? I ask because I also overreacted in my late teens, as so many of us do. Lucky for me I thought the end of free enterprise was near so I rushed to start my own contracting biz at 20 right in the middle of the worst recession I've ever experienced and double digit inflation. It was tough sledding for a few yrs but I never regretted it, stuck it out and eventually thrived. But everything was much harder back then including NO INTERNET, frequent trips to the library were required but not remotely as effective or efficient as today's options.
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  7.  @BetterDeadThanRed99  Replace "force" with voluntary trade in almost every one of those situations above. Your conclusions are laughably overstated to go along with the rest of the hyperbole. In effect you are saying everyone else in the world are idiots for taking our dollars for anything They take 'em as a bet on the future productivity of America which has always worked in the past. Yes we may see double digit inflation, possibly as bad as early 1980's even and we may forfeit the dollar as reserve currency. We export airliners, computers, military hardware (perhaps unfortunately), ALL SORTS of agriculture goods, 80% of the vast fields of almonds/walnuts produced in N. Cali are exported, soy beans, corn, coal, software, Tesla cars, all sorts of high tech stuff, on and on and on.... I've lived thru SO MANY doomsday prognostications I can't even remember them all in one sitting. One thing they all had in common--the folks making the predictions always did so with arrogant superiority and high confidence, sometimes they are even convincing. And those who believed in them usually paid very high price for their self deception. What's your personal reaction to your brilliant predictions? Paralysis? A bunker with a decade of food water and ammunition? Piles of gold bullion and bitcoin? I have high indispensable skills that will be useful for trading short of a nuclear holocaust or KT extinction event, along with growing self sufficiency on my own modest lot and 6 moths of emergency long term food stores and relations with highly productive farmers. Meanwhile I continue to advance my life and build real assets, I can retire comfortably today but I can also continue to create $150/hr. I just refuse to work long hrs per week anymore and I wouldn't sit on large quantities of cash regardless....$20k max. As a child I lived thru over a decade of very real threat of thermal nuclear exchange with the USSR.... that was far worse than any of your fears and it was entirely justified paranoia. Everyday could be our last. Yet we kept on living and investing and most of us became prosperous. (frankly we should fear an accidental nuking much more than we do, but that's a tangent)
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