Commercial Real Estate Crash Triggers 97% Property Value Drop And Hit 2008 Levels

[@trevormartinaharris]

I’m already broke, just watching everybody else go broke!

[@DelbertStinkfester]

This is so exciting...I've been wanting to lose my job for decades now

[@weepair2]

When the population is broke the shops will fail unless they are selling tents.

[@johnbethea4505]

No truer thing has been said Happy Holidays

[@oneofmany1087]

1 bedroom NO bath

[@johnbethea4505]

@oneofmany1087 When I grew up, we didn't have a bathroom either, only an outhouse. Water from a well or a pitcher pump.

[@christianque4933]

How much the tent 😁

[@JS-jh4cy]

And dog shit shovels

[@ramsfire]

The Residential Market Correction Can't Be Too Far Behind.

[@CAMcabal-h3c]

Well I will say that this time last year The rule of thumb amongst many of us and economic circles had said that in two years you get a real estate crash and that is residential yeah commercial is going to be involved too... but I can certainly say the way the ball got rolling and everything got steamrolled like a motherfucker within the first quarter headed into the second quarter of this year by the time we got to April I'm sitting there going yeah I don't think we really have two years before this whole thing goes down I don't think we're going to have to wait the full two years. now that's the thing though these guys are calling it a crash and then there's all the shit that it's going to be worse than 2008 you know look it could but the dynamics have changed we have an element involved in real estate that we did not have at least as openly and as obvious as we have now... so you know everybody talks about you know Black Rock and these other companies coming in and buying all the properties up and they're turning them into rentals and shit like that of course I've even seen up starts made up of local real estate agents form companies that do that as well.. Well that's exactly the element that didn't exist before this time around the banks have a clearing house and oh by the way these guys are going around and buying shit up before it even becomes a problem and then if a house does end up under foreclosure well these guys come in and buy it up and then they convert it into a rental all is well... yeah it means less home ownership but the municipalities do not give a fuck who owns it they just want the cities and towns looking normal so you know here's the thing people are occupying those homes the grass is mowed the neighborhood looks normal and that means that the overall value of any given area is elevated in the city goes on collecting the tax money they care not who owns it they just want the tax money... so I do believe that you'll end up with a bit of a correction on some of the values but how much are we talking I mean you know you take a $200,000 house at any given area and you know especially if the big boys come in and bought up a lot of shit around the area that's propping up the overall market value and then yet you still get a correction I mean what is it going to lose 10,000 or 20,000 you know is it going to crash back to 190,000 or is it going to crash back to 180,000 I wouldn't exactly call that a crash I would call that a correction. Even though I would argue it's not a fool correction because a lot of those homes in fuck reality may only really be worth $80,000 tops so everything is still extremely overvalued you haven't really solved that problem.

[@ListeningEar-st6ry]

This is why they want remote workers back in the office

[@American-Motors-Corporation]

no it is not basically the reason that they have staged a call back much like with what happened via Dell computer is there basically banking on his people to quit so that they then can justify farming those jobs out to Puerto Rico and India That's the only real reason that they're trying to force people back in the office they're still not going to rent this buildings. I mean who needs an office building when all you really need is perhaps a couple of fucking warehouses to house your computer equipment your network equipment you know all of your servers shit like that That's all you really need you don't really need a place that can hold a couple hundred humans those days are gone but at the same rate they don't want to pay the American wage and the technology works so good that they can farm it out overseas with little to no concern. I mean The price per square foot on commercial real estate is frankly stupid so a lot of these joints have basically priced themselves out and it's not just office space. I live in Central Ohio and you know I checked up and down and across the state because I was wanting to go back into business this summer and I looked around to see what I could find on a storefront and I would say the average is $3.30 a square foot so even 800 square feet of space is going to cost you $2,600 a month so guess who didn't go back into business this summer that would be me except there is probably a lot of other people's that did not open businesses who may have planned to do so because of that.

[@mysticaltemplar73]

Nah. It's an excuse to fire them or get them to quit without compensation which will work with a certain percentage of people earlier in the year but not now because labor market is tightening. Believe me companies love saving money on renting commerical offices.

[@nightowl6811]

​@@American-Motors-Corporationto long to read 📚, skipped

[@ListeningEar-st6ry]

@American-Motors-Corporation Sounds about, right👈 Low wages is the common denominator. If Americans would willfully give up the need for pensions, healthcare and accept $2.50 per hr....corporate CEO'S would have no problem with ensuring that all Americans had access to these low wage slave jobs. It's diabolical and wicked!

[@KSAnsley]

On the backs of the people.. sickening

[@andrewgleason586]

Blame it on corporate greed, high overpriced taxes, overpriced buildings,overvalued assets, inflation......

[@michaelancey7786]

Blame it on the unconstitutional Federal Reserve crime syndicate. It is not Federal and it has no reserves. Fiat money created out of thin air. It is the biggest fraud in all of history!

Government greed too

[@American-Motors-Corporation]

Well the taxes in many respects yes however applied to real estate even commercial those are on a schedule of 3 to 5 years they don't raise every year however I can tell you that if the tax bill is as cheap as safe $50 a month then they're going to have it incorporated into your lease that your ass is going to pay $100 extra to cover that tax they're not just going to charge you the $50.

[@bustjanzupan1074]

Yes, but , who did all this that you mentioned ? It is just people who has done all this what you mentioned. So, on Who to really blame all this ?

[@sallyrucker8990]

Actually you can blame this on Ben Bernanke, the FED chair under Obama. When the 2008 financial crises occurred, he fixed it by bailing out banks and corporations that were deemed,’too big to fail’, and set interest rates to zero. We have been printing fiat money ever since. This has been a ticking time bomb for well over a decade.

The banks will collapse when owners can't continue to pay because of lack of revenues. Get your money out or lose it. Depression is coming, wether you believe or not.

[@Bob-gn8ph]

Luke 21,36 KJV

[@Shadow_Banned_Conservative]

I agree 100%. Strange though, I get censored when I used the "d-word".

[@American-Motors-Corporation]

Well the regional in the community banks are largely in trouble due to the fact that they granted a shit ton of loans during the 0% interest era. so in other words the bank was able to borrow money at basically no cost and they were able to lend that money out and then they would charge the consumer for example say 3% on $100,000 loan Will that worked out because the bank didn't actually really owe any money. but when the interest rates went up especially when the interest rate exceeded 3% then those loans are underwater. yeah I mean believe it or not Banks do not get locked in interest rates so if you loan a guy money today and you're able to borrow it at whatever interest rate if that interest rate goes up beyond what you're charging the customer that loan is underwater and there's nothing you can do about it you basically eat it and so that's the major problem they're eating most of this and that means that many of them are basically insolvent and then of course the other banks that's basically in any given area say next door to the one that's failing Well the SEC shows up evaluates the neighboring bank and if they're in decent shape they force them to buy out the other one you don't have a choice. The only way that you get out of absorbing any of that bank's debt is if that bank is in too bad of a shape then the SCC will basically just order you to go in and take over the savings and loan accounts etc and you will incorporate those into your bank but you will not mess with any of the assets or liabilities they may even allow you to take some of the liquid assets as incentive but they don't even really need to do that because you're not incentivized You're just fucking ordered yeah I mean the bank business is pretty harsh. so I'll give you an example it's like for instance let's say in your area there's a Chase Bank let's say there's a PNC Bank Well you would think Chase is much bigger than PNC so if PNC has a problem and Chase Bank is the best one in the area in terms of finances than the SEC will show up in order bank one to take over PNC and even if bank one does not want to absorb it it's pretty much tough shit they can't fight it they have to do it they have to do it to the specific instructions of the SEC there is some Federal reserve orders however most of that is governed and carried out by the SEC.

[@mulattoassassin]

The market is dead so these commercial properties are going down in value.

[@oneofmany1087]

even the truck drivers want to work from home.

[@staljans]

🤣

[@trevormartinaharris]

😂😂😂😂😂

[@tinfoilhatplumber485]

Plumbers also...

[@allentarver6286]

hahahahahaha...you're crazy. 🤣🤣🤣🤣

[@luigijohson6732]

Many people overpaid for homes, even during a time of low interest rates, resulting in substantial debt burdens. I foresee a potential housing crisis, as these homeowners could face foreclosure if housing prices continue to drop and they are unable to meet their financial obligations. With little to no equity, selling their homes would likely result in no profit. This situation could impact a significant number of individuals, especially considering the threat of widespread layoffs and the sharply rising cost of living.

[@dwaynedaryl8915]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@creissantrocheleau946]

You’re absolutely right! With guidance from an investment coach, I was able to diversify my 450K portfolio across different markets and grow it to over 830K in net profit through high dividend stocks, ETFs, and bonds..

[@patricia_nura3378]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

[@creissantrocheleau946]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.

[@patricia_nura3378]

I just copied and pasted Jennafer’s whole name into my browser, and her website appeared right away. You've saved me several hours of arduous research, therefore I appreciate it.

[@BV-Auto]

Just like a new car. Depreciating 'asset" . Nice job!

[@drsuzuki6506]

Why can’t office space be converted to housing?

[@AM-dd6gk]

I've never lived in NYC, but I'd be willing to bet a testicle that NYC zoning laws make transitions like that almost impossible to do.

[@Shadow_Banned_Conservative]

I believe a lot of it has to do with how they're not set up for things like full kitchens, and fitting them with full kitchens would be prohibitively expensive. No stoves/ovens allowed is one I've heard of.

[@AdamSahr-cj4kf]

Because there is no shortage of residential peoperty, unless you want to import a hundred million Indians...

[@cherylcampbell7495]

And the tax payers get to pay for it. As usual..

[@nightowl6811]

Stop paying it! Don't participate at all! Stop going out

[@nightowl6811]

Barely work to survive, bare minimum

[@allentarver6286]

not this time!!

[@AlmaMercer]

And there's a lot of these in California and then there's a lot of them in New York City

[@ericmadsen7470]

There's alot of them in every city. Especially in and mostly in Democrat controlled states. Not as much in Republican states but they are there.

[@AlmaMercer]

@ericmadsen7470 I won't take one side of the other because I believe if you look without putting on the label on them you'll find there everywhere technology things are changing Don't need a big building to work All you need is a good old laptop the programs and viral meetings saves companies millions of dollars

[@Shadow_Banned_Conservative]

They're all over the country, in every metro area.

[@AlmaMercer]

@Shadow_Banned_Conservative I agree they're everywhere you don't just have to pinpoint one or two places

[@CAMcabal-h3c]

yeah everybody's ran around with the red versus blue state bullshit for better half of a decade now and I can tell you it's a lie it's literally across the board. part of what's causing this is simply a lot of these companies way before Mr Trump was even thought of as president made a series of bad decisions A lot of this bad decisions happen to coralesce in and around the year of 2005 if you go back and look at for example retailers even retailers that no longer exist such as Lazarus Sears Kmart, Kmart in Sears is a bit of a different animal in that because that was a buyout situation what not but both of those companies had borrowed a lot of money prior to that deal then they ended up even deeper and shit when they did the deal in 2005 where basically Kmart bought Sears and completed the merger... but all the other retailers if you go back and look on their balance sheets you will find where they borrowed billions and billions of dollars for no fucking reason there was no major expansion campaign there was no major makeover campaign they basically just borrowed a bunch of money they purposely drove the company in the ditch with debt so you're looking at Macy's you're looking at JCPenney amongst many other retailers and then yes there was some leverage buyouts at the time such as Toys r Us that was worth 6.8 billion dollars so the company was in debt the minute it was taken over and it was $6 billion in the hole and they just grew it from there... The point of this is to demonstrate that when these companies shut down locations especially within the past five to six years notice how there's never a replacement business very rarely. That's the problem if you go back and actually study retail and you know what just visit Wikipedia for an hour you don't have to believe everything you read but what you are looking for under this guideline is the dates that these businesses were extinct what you will find through a lot of companies that you probably know remember what not is we lost a hell of a lot of retailers in the '70s '80s and '90s you could argue that we lost more in the '80s than we did in the '70s you could argue that we lost more in the '90s than we did in the eighties and I would say within an hour you should be able to deduce that that is literally what happened. and then you're going to sit there and scratch your head and you're probably going to question it You're going to be highly confused because you're going to wait a minute I don't remember all this man... Well that's right nobody really seemed to notice all that much back then simply because the minute one folded up another one came in and took its spot we had a turnaround on business we don't have that anymore that's the big difference. so it's like if Penny's closes the location in an area that does not mean that Macy's is going to show up and take its place that does not mean that Kohl's has any real interest in expanding into that area simply because the cost of doing so upfront versus what do you suppose the long-term profits are coupled with the fact they're going to pay out a lot of money to build but then they could equally pay out just as much if not more in the long run if they were to sign a lease plus the cost of inventory etc so companies that do exist that otherwise may be able to come into some areas and grab up market share they're not exactly clamoring after that market share anymore because what market share is there in the uncertainty of future profits basically say it's not worth the rule of the dice it's not worth the investment so they're not really expanding. so when you get a TJ Maxx that closes or a Marshalls which are really the same company that does not mean that JCPenney is going to come in there chances are they're not there's not going to be a similar business that's going to magically show up and take its place what you're left with is an empty building and by the way they don't give a fuck what the politics of the area is.

[@JamesBuffet-q3q]

All hands down, and after 5 years of comparison making interms of concise thoroughness and comprehension, you're the best you tube channel. Merry Christmas from Toronto, Canada.

[@sindar8179]

Massive wealth transfer, making forever renters.

[@CAMcabal-h3c]

Well yes and no. it is happening however I can say that it's not new Well at the same time I can also say that there's just a whole host of people who think they can't get a house I'll give you an example... so earlier this year before unfortunately I lost my job I actually was in a position to buy a house I had to work from home job I made $15 an hour 40 hours a week paid every two weeks so 80 hours I went down to a bank or two to inquire what my chances are I walked out with an offer of $125,000 no that doesn't seem like a lot but I live in Central Ohio in my immediate area which of course is licking county, yeah I mean 125,000 isn't a very good offer but I'm also out for land I want to be in the middle of nowhere so I was looking at counties as far away as Jefferson as well as meigs county and Morgan county I even checked Perry county down around near Wayne national Forest and shit which that would be the closest to where I'm living now if you're willing to move you could definitely find shit within your price range The problem the bottleneck that I had and frankly still do is yeah you can get seven and a half acres in some places with a decent older home on it $413,000 in some cases maybe less maybe a couple acres for say 80 or 90,000 some of which maybe an acre and a half for 70 I mean there's variety out there but the problem is in a lot of these areas there's no jobs what jobs exist the question there is are you going to make enough to make the monthly payments? see that's the thing counties here in Ohio like megs Morgan Jefferson those places are going to be full of nothing but ghost towns and or they're just basically becoming ghost counties people are leaving but on the other hand they're not the only counties Brown county up near lake Erie that fuckers emptying out so even up there you can get decent rent you can get decent prices on houses but there's also nothing there. so it is happening but it's happening I think more so in the realm that it's like we're all being crammed into certain areas like sardines it's almost as if you're going to have to lock the house up for a week drive hundreds of miles to where your job is You're going to have to figure out how to camp out in that town for basically the week and then maybe on Friday night you can go home I mean that's basically what it seems to be coming to in order to pay for one of these places so you know I want land because well I know what to do with land I come from land so I know what to do and I know how to make a business out of it The problem is the initial setup time I mean yeah you could save a Bali of money and thus you can make your house payment ahead. and then of course that would allow for the setup time of the business etc etc but you would almost have to be making money directly off that business the minute you did get it up and running in order to ensure that you can pay the house payment and then the problem there is that business you can't really do part-time it's basically a seven day a week deal and that is first and foremost greenhouse that's the business that I used to do did so for over 15 years. so it's not impossible to buy a house on a full-time job only making $15 an hour The problem is where the hell are you going to end up and what kind of jobs are in that area I mean it's going to take a lot of research to figure out whether or not it's a good rule of the dice for any given person and I get it people have family in certain areas they don't want to leave I understand that people are trying to stay close to family arrangements especially if they have older parents etc etc I understand that fully but I also understand that you know you have to go with the prices are cheap. now as far as forcing everybody into rentals yes I can say that that has been systematically done however I charge the you know that's not new I can go back through to years ago and point out exactly why that is and the fact that it happened then I mean I was a kid at the time but I'm not stupid I know what was going on. so basically 30 years if not 35 years ago so you're looking at basically what late '80s territory early '90s Well let's face it they didn't exactly pass out the home loans did they? I mean fuck back in that time if you made $10 an hour everybody would drop their jaw at the fact that you made 10 bucks an hour I mean that was the wage everybody was trying to achieve at the time so if you got something in the realm of say seven and a quarter to 850 an hour that was considered not exactly on the low end it was still considered relatively modest even though that very wage 10 to 15 years prior specifically back in the '70s would have been counted as a middle class income You're looking at roughly 16,000 or a little over per year. so the inflation situation of the late '70s early '80s really did a number on things and part of that was $30,000 houses at the beginning of the eighties by the time you got to the end of the '80s those same houses were costing in the uppers of 70 to $80,000 didn't matter if it was in the country or the city didn't really matter what acreage came with it unless of course it was something like 5 to 10 acres but a couple acres no there really wasn't much difference. and that was back in the day where you could score a house payment of a few hundred dollars a month yet you know bill works full-time but he only makes you know less than $5 an hour or maybe he does make roundabouts five bucks an hour it's pretty fucked up that he's more than capable of paying the $187 to $350 a month rent but somehow the bank says he doesn't qualify for a fucking home loan even if he shows up with thousands of dollars of down payment money so he's perfectly fine to pay the rent of the day whether it would be in apartment which generally was cheaper than a single family home or he was paying say in the neighborhood of $350 a month for a single family home he can pay that but somehow he can't pay the same money to the bank for house and he could have had that job for like 5 years. so basically back in time frankly you would even say the '70s to a degree That's what forced a lot of people into rentals but I would say that there was an explosion of this from basically the mid '80s onward then it was the mid-90s onward that they completely took everything to the other end of the spectrum and they were passing out loans like candy not exactly in the manner that some people make it out to be there are those that run around and say oh well anybody with a heartbeat could get a home loan back then Well that's not true you had to definitely come up with money or you had to get gifted land or something like that for new development you had to have a certain amount of money in the bank basically liquidity as well as a down payment I mean it wasn't cheap and clear it wasn't you know oh you exist here's a loan it wasn't exactly like that. but I will say that it was definitely easier at that time than it had ever been so by the time you get to the mid-90s anybody making the better half of you know 30 40 grand they could run down to the bank Monday and have the loan pretty much signed sealed and delivered by that Friday and the next week they work on doing the transaction and that lasts for a period of about 30 35 days I mean to this day it's actually that quick but I also know that there was a little less red tape back then. so the reasons that people were routed into rentals back then versus today are actually different today it's simply a lot of people either figure they can't buy a house when they probably could but then the bottleneck is where are they going to work if they find something in their price range because chances are it won't be in your immediate area whereas in the past they were routed into rentals because even if they could afford the loan payments and the down payment and prove lucidity and proves that they're good with money The bank basically frowned upon the wage and or the hours they worked and would not give them the loan. so it's not new it's just the reasons have shifted.

[@MarkBush-en5cz]

Regional banks are left holding nonproductive loans and then the bank bleeds cash and needs to be rescued by being bought by a larger national bank. Depression and contraction of the economy, loss of jobs, layoffs, then no one pays bills and credit card debt and car loans and then mortgages and people are homeless.

[@CAMcabal-h3c]

Well the regional and community banks are holding loans that aren't exactly making money however it's not because people aren't exactly paying for them at this time this has been an ongoing problem for a few years ever since they raised interest rates let me tell you about it... so basically what happened was is all these banks granted a bunch of loans during the low to zero interest rate times so the banks were able to get money at zero interest or at one point a very very small amount of interest and then they wrote loans according to that interest rate so they were able to get the money at zero interest give you $100,000 loan at 3% interest but then all the sudden the interest rate goes up to well over four and a half percent that loan is negative because what they're charging you no longer pays for the money that they borrowed. yeah behind the scenes the banks don't actually get locked in interest rates so if the interest rates go up all the loans that they have on the books that they have written that are yet to be paid off their cost goes up so if they gave a loan out even if it was 1% interest when that interest rate shoots up they now have to pay that current interest rate so that's actually what's making them in solvent it's not a matter of people aren't paying loans it's a matter of the income they're getting off of this loans isn't enough to pay for the money that the bank borrowed to grant them the loan years ago. so then that's throwing the banks for a loop to where they have to run out and make a whole host of loans based on the current interest rates so that they can charge x amount to try and make the difference up on the loans that are a loss. so that's exactly why a lot of those banks are in solvent and then of course to add to that problem you have a situation to where any bank that is considered insolvent or about to be insolvent what they'll do via the SEC is those regulators will come down they'll evaluate that bank when they conduct a stress test and find out that that bank is about to be shit they will find another bank in the region and force them to take it over and then of course that basically adds to that banks liabilities problems etc... so an example would be you have PNC Bank but then you also have Chase Bank... All right so PNC has a lot of everything I just described going on Chase Bank most likely has a lot of that too but the problem is just Chase Bank is considered to be in better shape than PNC so if PNC has a massive problem then the regulators show up and they may force Chase Bank to take over PNC they don't have a choice even if they do not want it they have to do it that's the law. The only way they can get out of some of the liabilities are absorbing some of those debts and liabilities is if that bank is considered like really really bad and especially riddled with fraud etc etc then a lot of that may be discharged through somewhat of a bankruptcy it's not exactly a bankruptcy but yes bankruptcy does exist for banks and so the only thing that at that point Chase or say any other bank which I know Chase is a bigger bank but think of a regional bank That's who would take it over and so at the end of the day they would be ordered at the very least to go in and take over all of the accounts and loans etc.

[@georgeawestjr.9087]

Our country is in real, deep 💩. Absolutely unbelievable. 🤷‍♂️🤦‍♂️ Thank you to "The Voice" for another informative video. 👈😀👍 Merry Christmas, everyone. ❄️🎄🎁🎅⛄

[@1439315]

House is just a fancy box. Water line in is just a pipe. Waste water out is just a pipe. Oh electricity is just a line in and some light switchs and outlets. Doors and windows are not that expensive. Never over pay for what is more or less a box. If you cannot afford a 15 year mortgage then you cannot afford the house. Get out of the big cities.

[@mr.c1580]

A House use to be a Home!

[@Shadow_Banned_Conservative]

@@mr.c1580 For the last 25 years though a home as been viewed as an endless ATM. I paid my home off in 13 years and I'm glad I did so. When tough times come soon, I'll be glad not to be competing in a rental market that will see more people losing their homes and moving to rentals than we saw in 2008. I think what's coming is going to make us wish it was 2008 again.

[@American-Motors-Corporation]

​@@Shadow_Banned_Conservativeoh it's not just the past 13 years which really if you're counting from '08 it would be basically 16 years. no no this goes back to the '90s I mean we can easily say 27 years 28 years I mean it's a better half of 30 years pal. That's basically what went down you know all of a sudden things supposedly improved to where every time Dick and Harry can buy a house well that's kind of wonderful except then you end up with massive price fixing in the inflated zone which of course means real estate bubble Well that's going on they then decided to redefine equity as nothing more than a pure line of credit and you really didn't have to reinvest into the property into the house itself in order to build equity All you had to do was sign on the dotted line take possession of the house and hey somewhere basically 6 months to perhaps a year maybe 3 years you've got equity and you didn't have to put on one screen door change one window fix a doorknob or call a plumber see that's how you used to build equity. equity used to be built not simply by occupying the house it was done through the fact that you would make improvements or you would fix things this is why old people always saved receipts so that they could prove to their banker hey look how much we've put into the place over time The banker would take a look at this but then of course we became anti receipt so the banker's not really interested in looking at your shoe box of receipts anymore instead they cooked it up to talk about how a certain amount of occupation time equals x amount of equity that you can draw from so this is what happened everybody basically got to borrowing from it they specifically would use it to pay off credit cards only to go run the credit cards up again. basically the middle class fucked itself and the middle class really honestly hates that when it's pointed out.

[@CAMcabal-h3c]

Well about that looming crash... yeah I mean for the better half of a decade people have said that it's going to be worse than 2008 it probably will in one way but it's not going to be of the same making of 2008 it's not going to be as bad in terms of money value loss and let me explain why... so you know those conglomerates that's going around and buying everything up? and then of course yes there are smaller companies within any given area state city whatever that have started up a lot of the times it's real estate agents that go together and they do the same they go around and buy shit up... okay so all of those companies big and small they basically are serving as a clearing house for the banks but also the real estate market. in other words they keep the prices propped up in any given area. that said yes it is very likely that you will have a bit of a crash out on the value of homes in any given area some areas maybe worse than others however what are the amounts that we're talking about? so it's like currently you take a $200,000 home and then you end up with this crash which really would be more so in correction territory because everything in the area is still overvalued based on the fact that the conglomerates are still buying and those properties that otherwise would have been a problem aren't a problem they are occupied it doesn't matter that they're occupied by renters what matters is simply that the yard is mowed in the neighborhood looks normal that keeps the value up so you take a $200,000 house and then you add a bit of a correction to it I mean is it losing $10,000 so it's going to crash back to $190,000 or is it going to lose $20,000 in crash back to $180,000 see right there the dynamics are completely different from the previous crash. which by the way to get it straightened out here 2008 was never the crash The crash happened way before 2008 it's just 2008 was when the government chose to make the announcement and they only did so based on they had to convince everyone to bail the banks out and then they threw money at car companies and other sort of corporations and blabbed about jobs they're usual song and dance That's all 2008 was so this time around yeah you know there might be a lot of people that still not paying their bills there might really be a lot of people that well we know there's a lot of people that's subjected to losing their jobs so yeah you're going to get some bad situations like that that's going to be comparable to the lead up of 2008 but that's not going to be the full story and the reason being is because most of those homes that would be problematic they're going to be bought the minute they even go up for foreclosure so they're not even going to sit on the bank's books and in many respects those mortgage holders once they realize they can no longer pay for it they would assume to just call up one of those companies and get whatever they can out of it so they'll be a situation to where yes most of that sale price will go to the bank to pay the loan off and then the occupants would receive whatever the difference is which may not be a lot of money so they're probably not going to be able to go out and buy something else but if they hang on to that money and the market adjusts downward enough it might be good enough that they would be able to secure something else in the future although that's not going to happen most of them are going to burn that money up in rent because well you have to live somewhere. so yes I do anticipate it's going to get worse however I can also say that you're going to end up with a rental problem. just like last time around there was shock to the system so 2008 was the announcement and I had mentioned this The problem you know look I can argue 2000 but conservatively we can definitely say that the foreclosure issue the real estate debacle the whole nine yards was really underway definitely by the time you get to 2004 so even if you take it from 2004 okay that's still 4 years before 2008 but there was an aha moment that occurred in 2006 and that aha moment was realized by landlords. and that was everybody basically needed to run somewhere and then you had a lot of landlords that was previously against putting their house is on section 8 or metropolitan some of these people even own department complexes etc I know because I was trying to break into the market at the time it's a bit of a side story but regardless I saw a lot of these guys that was advising me never to mess with Metro unless you really absolutely know who the hell you're renting to those guys abandon all of that and were some of the first down to metropolitan/section 8 to place their properties on the government system... and the reason for that was simply because all of a sudden the government had allowed more money to be paid to landlords than they ever previously did and then of course that increased HUD itself went to Congress and asked by the time you get to 2009 if anybody in the government would raise an eyebrow if they started to really increase the rent allotments Congress took a look at them and said no that's your department we don't care what you do. so by the time you get into 2011 you have a situation to wear a two-bedroom townhouse here in Central Ohio complex depending but the cheapest that I saw was $1,350 a month and that was simply based on what metropolitan is willing to pay. so basically ever since then you have a situation to where the government housing program basically sets the going rate for rent and any given area just surely based on what they're willing to pay The apartment complexes and or the independent landlords and they don't discriminate between the two so it's not like you go to an independent landlord you get a cheaper price because the government's willing to pay him less no it doesn't work that way it never did. The majority of landlords are not going to charge any less than what the government is willing to pay The government in that business amongst many others had always been considered the bottom line price once in awhile you can find a decent example of a landlord that did decide to charge less and sometimes that's purposely their business strategy so that they can keep occupants longer so those are the good guys to deal with but I'm afraid those folks are few and far between and many of those folks have been forced to raise rates because their bank has instructed them to do so most rentals are actually financed so that's something else to keep in mind. basically that was the whole scam and sham and shit show that they tried to put on during the Rona bullshit in 2020 about the rent deferment... yeah basically I'd even predicted in 2018-2019 that most landlords are in over their head because they built their empires on borrowing against existing inventory so they would buy one house borrow against it by another do the same eventually that catches up so the major foreclosure issue at that time that I believe a lot of people thought was coming they needed somebody to conveniently blame it on why not blame the tenants how you do that is you install under the guise of an emergency a rent deferment situation to where these people skip out paying rent and then ultimately this causes the landlord to go bankrupt. I'm not going to say that it didn't happen because I'm certain in a few cases you did but I can also say that for the most part I believe the majority of the public kept on paying their rent it's like here in Ohio we have a population of 11.8 million people across 88 counties and you might have had at one point as high as a few hundred thousand that decided to skip out on the rent at least for a little while but that's a drop in the bucket compared to the entire population of the state and it's just one state so if you go to examine this county by county I mean it was almost no one who who did it. but I believe that that's the reason they implemented it is because they knew these guys were in over their head and to be honest that was going to be the immediate real estate crisis now a lot of these guys were able to pull some maneuvers out of their ass and they were able to save their empires part of how they did that was they were also on the government system and the government system allowed for even more money. but of course that was also the height of the fake shortage of rentals and or the fake shortage of houses so a lot of landlords were able to raise cash pretty quickly by selling off a rental property or two and then they could take that money and pay down a lot of their debt and go restructure it That's basically what's not talked about.

[@CAMcabal-h3c]

Well I myself would totally agree I'll be 40 in March yet I hung out with grandmother enough to know that the Boomer's parents and grandparents basically my grandparents and great grandparents this generation how they achieved middle classes and was through saving not spending and you could argue they invested in a home that that's actually where they put a lot of their money it wasn't I don't think that they were purposely trying to make it and investment like idiots today because the house is not really an investment unless you are purposely trying to flip houses for extra income or make that your job it's not an investment it's a place to live so you fix it up not to bolster the bankers investment or your investment based on what you've paid in you fix it up to your taste and that's what a lot of those guys did. A house at one point in time in fact for probably multiple decades before you get into the mid-90s stupidity Well it was a tool it was utilitarian it was a place to eat sleep shit pork your wife raise your kids at the basics that's what it was it was really nothing more nothing less and all you really needed was a steady job you didn't really need to go work the big factory job you didn't really need to become a retail manager you could flip burgers and buy a house and have a car and raise a family there was plenty of grown men that did that in decades past primarily before the mid-1960s but nobody wants to talk about that today because they've been corporately brainwashed into believing that those jobs were never meant to be careers they were never meant to be full-time jobs for grown men and that's a lie. so a house was very obtainable even by the age of 21 but it was not really something that people ran around and bragged about it was just a fucking place to stay it was a place for your shit like George Carlin says That's all it really was. but over time it became a status symbol and then of course as the price of the device inflated and became harder and harder to obtain people decided to cope with it by putting a spin on it as if you belong to a special group of people called homeowners and then it was considered a right of passage especially the younger you were if you were able to buy a home or basically get a loan to buy a home it became nothing more than a bunch of superficial horseshit and it's been there ever since and frankly that's actually the root cause of why the real estate prices have been retarded.

[@worldlife9834]

This is a global devaluation of property. Shocked.

[@PatamaGomutbutra]

The regulation that prohibit people like be in their retail shop/office should be lifted off. It will increase residential units and mitigate vacant commercial units.

[@sanilahijani-h5b]

Hello everyone good evening real estate crash is gonna happen in New York state very badly especially in NY ny

[@allentarver6286]

Y??

[@ponzitizen]

Convert offices into residential apartments and problem solved...

[@shawnbrown9336]

Interesting idea. Now, where are the jobs... the income to help pay rent?

[@AdamSahr-cj4kf]

Is there a shortage of residential properties?!

[@ponzitizen]

@shawnbrown9336 People who work in city offices have proven through covid that they can work from home successfully... Basically, some will now have the option to continue to work in the city but from "home"... Having some commercial office buildings for companies to rent for the day or week to hold face to face meetings where needed should get rid of the whole commercial offices are needed idea and move on with the times...

[@ponzitizen]

@@AdamSahr-cj4kf There's a whole world of housing affordibility crisis due to low supply...

[@mikefulp1]

These glass & steel towers can’t be easily converted to residential unless it’s a hotel. The cost to do so - it would be cheaper to demolish. Malls can be converted to mixed use - hotels, condos, retirement homes….

[@skapunkoialternativeliving6522]

Doesn't bother me cause I don't. Owe, no I don't own any real estate of any kind. I own a camper Van and a base that's all I'm sorry.

[@CAMcabal-h3c]

Well and then of course I will say that we really are becoming a nomadic people because the conventional stationary way of life is frankly just too high there's no real benefit to it anymore. you know basically every year for the past four or five years I've basically said well I expect more people to walk off the job in the coming new year which has happened and it turns out a lot of these people really are willingly be coming homeless whether they have a car or they're on foot with a tent. basically it boils down to the money if the bills cost x amount of money and yet the job doesn't pay but only a shit x amount of money then you're going to be homeless either way what's the point and worrying about it at that point you basically might as well just grab your most valuable shit and what money you do have coming in I guess by camping gear and call it an afternoon and frankly that's what a lot of people are doing I myself and pondering that and I have been looking at it for 5 to 10 years to be honest. of course I can also say that the system is becoming very so much anti-van life anti-walk away from the system they don't really like the concept that from their point of view all we did was blow off work and then we're having fun and sunny fields all afternoon is pretty much the picture that they paint. I mean the system straight up wants to use you but the system also doesn't want to give us any concessions you know they're running off of ancient labor agreements they're running off of largely a bunch of cheap bullshit and then of course they've turned it into one hell of a political fight if you demand more money than you're an asshole and then you're supposed to be a leftist and I mean you're accused of the most ridiculous shit especially if you're young I mean the younger you are and the more you realize that this pay is not going to cut it and if you complain about it well then you're an asshole and then you got 55 people showing up telling you all about the '70s and what they did back then even though the price structures have changed and that's irrelevant. I mean it wasn't so bad when you know especially like here in Central Ohio you could rent a decent apartment and a decent neighborhood for like 88 bucks a month I used to work with an old man at our local home Depot who talked about from 68 through basically the late '70s that's what he paid and oh by the way he drove a Corvette yeah it's true not everybody could have gotten the Corvette to go with it but you could have had a decent car Well at the same time you paid $88 bucks a month and had your own place. I mean he was one of the few old guys that actually understands that it's garbage now yeah he basically shit when he heard a lot of co-workers rattle off what they pay for rent and the fact that they got to have three roommates to do it. so you know that's a problem and I think really what it boils down to is everybody is trying to make the best of a bad situation and you know there's nothing wrong with living free on the open road I mean if you have a way to make some money that's really cool basically that's what I plot to do I'm wanting to give it a go this summer depends on my health but that's what I wanted to do that basically I'm going to take a work from home job once I get my health sorted out and start saving money and then I can take that job on the road this summer and so I'm going to go fuck around and go see places in the southwest that I've always wanted to go see I'm not going to do the conventional bullshit because there's no real incentive.. I mean I could buy a house hell I was in a position to buy a house before I lost my previous job thanks to fucking piece of shit KPIs and other assorted dumbass metrics. yeah I mean I made 15 bucks an hour 40 hours a week and yet I got an offer for $125,000 from PNC Bank sounds like a nothing deal but here in Ohio you can go to a lot of counties and actually do pretty well on that The problem is a lot of those counties however there's not really a lot in the name of work and that particular work from home job I had I couldn't move to a lot of those counties they were not I guess authorized for us to work there or whatever the reasoning is. personally I think there's going to be a lot of pushback about the work from home stuff there's already a bunch of fuckers that are hoping that the Trump government pushes back against that I'm not certain that they're really going to go out at full force but I will say I kind of have suspicions that they're going to start fucking with van lifers even more so those of us who wish to travel and do work on the road I think that we run a high risk that we could be screwed with on a local level I've already heard some nightmares over the years.

[@skapunkoialternativeliving6522]

@CAMcabal-h3c Absolutely. Are you romantic? Do you live? Alternatively if not, you should try it. I think you like it. I tell people buy piece of land build a tiny home or trailer all day. You'd be better off that way. I live altogether. Alternatively anyway, I love it.

[@mathaddict1985]

Investors assume the risk, too bad!

[@Shadow_Banned_Conservative]

Unfortunately, it's not that simple. Got a 401k, investor?

[@CAMcabal-h3c]

Well 401Ks are garbage they're only designed to make money is the market goes up there's no runoff hedge or anything there's no I guess you would say a safety net they're one of the worst investment portfolios you could ever put money in but a lot of people get suckered into it through their employer because they're too stupid to realize that it's mostly just another way for the employer to buy their own shares and inflate the stock price.

[@russburton4018]

Offices are getting turned into apartments in Canada

[@dissy5563]

Don't mind me folks,I'm just here for my daily dose of DOOOOOM!!!

[@Support_Ad_Blocker]

This guy does have about the same accuracy as so-called "biblical prophecy." 🤣🤣🤣

[@John-c4r1o]

We're Doomers ... 🤣

[@rachel112263]

Hahaha I love his voice, but he is all doom and gloom. I still watch though.

[@hologramhouse729]

Its going to be one one hell of a dystopia...

[@patriciashepard887]

GOOD BLACKROCK HAS BEEN SNATCHING UP REALTY.....

[@sindar8179]

Berkshire-Hathaway, Blackstone...

[@CAMcabal-h3c]

Well the bigger situation is Black Rock and a couple others are relatively new to the game for the past 40 years there's been three conglomerates based out of Texas A fourth one that was based out of Oklahoma and those motherfucker zone literally every apartment complex and pretty much every city county and state they hide under a series of companies but if you look long enough you can trace most of those companies back to those conglomerates so Black Rock getting into the business here in the past few years is relatively new even if it was say 6 years ago it's still relatively new. basically those companies that I had mentioned unfortunately I don't have their names in front of me like I said they've been doing this for 40 years and the trick is simply they pick up millions and millions of dollars a month and welfare funds because they own a wide variety of apartment complexes and a lot of those apartment complexes function off of section 8 housing/metropolitan and then yeah they also have tenants in their paying out of pocket and then they also own some more upscale joints that don't take Metro even though I have seen in my area those conglomerates have come in within the past 15 years and bought shit up that they previously didn't own granted another conglomerate did and then magically they would all the sudden take Metro or section 8. One of those apartment complexes I had a friend that lived in that apartment complex back in the '90s when we were growing up and it was pretty upscale I mean it wasn't like super snobby or something stupid like that but they were very nice apartments in townhouses his folks had a three-bedroom townhouse it was a very nice place there was a basement The neighborhood was pretty cool I remember we used to run around out there but there was all kinds of people that used to live there there was teachers there was I think at one point there was like some nurses maybe even a doctor or two and for the time I would say the rent was a bit high in that place but it wasn't terrible. and a lot of those professionals that lived in that area they were single people so the teacher which was actually one of our teachers he was a single guy but he was very very funny sometimes he would go out on a date and we'd wait for him just about time for him to come home we go over and hide in the bushes I remember we used to do this over Christmas vacation sometimes and we'd make snowballs and then we'd wait on him to get out of the car and get up near the porch and we'd hammer him with them of course we'd end up in a damn snowball fight The guy was pretty cool we used to go there and play pool and shit all the time and it was a nice place in the minute they took Metro and nothing against Metro people because I understand that not all Metro people are like this The area basically went to shit The school that set nearby they had to put up like a 15-ft fucking fence around the playground toys because these motherfuckers were vandalizing shit. but that's it I mean all of these companies are basically out to suck up the government money and that's not what people are looking at people are trained to bitch at the tenants that are supposedly on the welfare system but they are largely too stupid to fall with the money and actually see who the real beneficiary is.

[@allentarver6286]

Blackrock is doomed!!

[@will.davlin]

Socks to bed = better sleep 🟩🟪🟩🟥

[@KennyG233]

Dry your feet out...

[@okboomer6201]

🐑 🧦 🛏️ 😴

[@AbcDef-iq4no]

One major factor attributing to office building vacancies not mentioned in this video is that more and more so-called U.S. corporations are farming out any and all customer service centers to foreign countries. Just recall how many times you have called the customer service number for a so-called U.S. corporation in the last year and gotten a representative with a heavy foreign accent with a made-up American name, and this gives you an idea of how much of a trend this has become.

[@_heresjohnny]

I’d hope they get what’s coming to them but knowing our govt, they’ll get a bail out or pass the expense on to tax payers.

[@kingdom753]

Bravo and kudos, for this amazing video 🙏🙏🙏🙏🙏🙏🙏🙏🙏.

[@GertieHattan]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[@SaraGordong]

Sounds good,how do you do that? I'm interested,how do I go about getting started?

[@SaraGordong]

Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.

[@PedroFontana-h1x]

It's Geraldine Ann Philips doing she's changed my life. A BROKER- like her is what you need.

[@EdsonMachado-k7x]

Her top notch guidance and expertise on digital market changed the game for me.

[@NosalFrater]

YES!!! that's exactly her name (Mrs Geraldine Ann Philips) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇲

[@makeitflip4469]

Is this a bad time to become a CRE broker? :/

[@Shadow_Banned_Conservative]

It's going to be a bad time to be anyone without a monthly government check.

[@AlmaMercer]

Well I'm not selling mine cuz everybody's going to need a place to live

[@hmm-zoolol]

Exactly many people will do well.

[@AlmaMercer]

@hmm-zoolol I wish them all the luck

[@PatamaGomutbutra]

Collapse of commercial property may cause impact to any kind of asset.

[@sanilahijani-h5b]

As always g-d bless the universe

[@davysprocket8946]

Gold and its derivative cash are king. Loans present too much risk. Loans distort value and increase the likelihood of bubbles.

[@CAMcabal-h3c]

Well loans do cause a lot of inflation I point directly to the car market as a fine example of this. I mean the farther back in time you go yes finance for vehicles did exist this is true but the public was let's just say more conservative about it in terms of you know 16-year-old Denny wanted to go buy a GTO Well Benny would save up the money and he either bought the damn car outright from the dealer or he would put down half the cost and finance the rest on a short term. That's exactly how young people were able to buy cars and that's exactly why the prices of the cars were cheaper Yes I know the components were cheaper too. but as the public became more and more dependent on finance for big ticket items like cars notice how the price also went up. The dealership does not give a shit they can pad the bill thousands of dollars because if you are approved for the loan they get the money immediately they're out of the equation they've been bought out of the equation they don't care anymore. so the problem is they inflate the price because they know it's going to be financed and the financier is going to drop a big amount of money in their account instantly if you're approved. so in the long run this basically priced out young people this is why the car market doesn't really include young people anymore and young people were the ones who basically stabilized the car market so they had to basically go to Mom and Dad for the majority of their car sales and then the specialty sales was no longer the sports cars particularly for the young people it was the land yachts Cadillacs etc for the old people. and of course we now have the same problem introduced into the used car market that's been vastly exacerbated within the past for years. so it is a bubble but we also need to look at it in terms of just general inflation when the population gets addicted to loans and then they jack up the price because of that they create an even more dependent scenario on those loans and then the price is continue to climb it becomes an unscapable circle it works until it doesn't I mean basically at some point you have sales dropping off to absolutely nothing which a lot of car companies have been dealing with for quite some time. The sales numbers if you go back and look for the year of 2019 they released the numbers in December of 19 well every known car company of the Western world was down 8 to 8 and 1/2%. so these problems over in the car manufacturing arena are not new frankly years prior to 2019 they were really no better off.

[@universaljustice7376]

Single use zoning is also driving the valuation decline

[@statwizard]

Unfortunately, we are overdue for a correction across the board; DOW, NASDAQ, housing, and office space. It is going to be a rocky road, but there is no way the DOW is at 42k, and people are losing or leaving their jobs. It is simple economics 101; so, I say, correction ahead, brace for impact!

[@GlennRobert-ix6dj]

When properties go down the taxes go down too - property is worth less .

[@CAMcabal-h3c]

not necessarily I live in licking county Ohio and I can say that they did a temporary reduction that lasted for a year and a half to maybe two years but it also took them the better half of 10 years to implement that because they were in hot denial that everything literally went down the tubes. so no the taxes don't exactly adjust downward that's like a lot of people's argument for cheaper prices in real estate and especially rent would be that if we shipped out all of the immigrants that that would strip demand out of the market and thus the rent would go down and I'm sitting there going well that's an entertaining thought except no it won't because the taxes are still elevated and that's exactly what they'll still use is justification to charge with their charging.

[@allentarver6286]

Here in Boston MA. the buildings are worth less generating less taxes and now they want to tax home owners more to make up for their losses

[@GlennRobert-ix6dj]

@@allentarver6286 Do all your Christmas shopping in N H because it is tax free . We pay it in our house tax . Liquor stores have carriages full (asked one gentleman and said buys for all his friends in Mass ) . Our property taxes will make us homeless soon .

[@chriseustace9734]

Expect consequential financial ramifications for Pension Funds with the commercial property price collapse, with retirees eventually suffering lower payments 💥

[@sanilahijani-h5b]

The average real estate property in New York state is going to drop by at least 25% in the coming year we will see buildings drop by millions of dollars over a short time period wait for the drop you will be thankful if you wait for the deals coming soon always be thankful to g-d and hopefully we'll have the messiah soon to help us with what's about to happen to the universe

[@CAMcabal-h3c]

Well it could happen but in reality the conglomerates are going to move in and attempt to convert most of that into rentals and the city will allow them to do so most medicipalities will they'll be willing to change the zoning on that as well as the tax code and the reason being is because they care not who owns it they just want the tax money. so it'll take some time so initially you could end up with a bit of a drop I think you probably will but that drop is there basically is a bit of a correction so that these guys are more likely to purchase these things in other words the price gets a little cheaper but I don't really see 25% not right now now if they're there empty say this time next year yeah you probably could see a 25% decrease in value but the potential that it could be sold to a company that's willing to convert it into apartments and pay for the zoning changes and all of the government bullshit no and they don't even really have to make the sale to any of those companies this year all they have to do is float a bunch of headlines that these companies are thinking about it and that's going to keep the price elevated.

[@12HpyPws]

Maybe rent will fall

[@John-c4r1o]

That's actually a big problem as well, because with a massive oversupply of space then rents could fall to marginal costs....and thus all commercial buildings get written down 50%+

[@lilblackduc7312]

When the cows come home by themselves...🤔😳

[@stefcorreia655]

😂lmfao

[@KennyG233]

Empty real estate falls apart fast

[@MA-is5hh]

Blame it on all the entitlements.

[@CAMcabal-h3c]

Well that's an interesting and very entertaining viewpoint but unfortunately you don't get to.

[@MA-is5hh]

@CAMcabal-h3c sad but true.

[@generator6946]

Oh wait! Donnie gonna fix it!

[@ThomasMullaly-do9lz]

I wonder how pension plans will do?

[@CAMcabal-h3c]

Well the first question would be what pension plans? because if you're talking about the piece of shit 401ks first off that's not really a pension plan but 401ks are crap simply because they're designed to go up only when the market goes up that's how they make money they make money on the ride up there is no runoff protections there is no diversification there is no hedge it's basically a raw investment whatever you have in there is what you have in there and if it drops in value it just does You're fucked there's virtually no way in that portfolio to make up any of those losses Yes you can go ahead and purchase more perhaps a different stock and put it in but what you're buying is common stock and it's basically worthless because in order to even pretend to collect a shitty dividend of 300 to $500 a month at this time you're going to need roughly $86,000 worth of common stock to do so. A pension plan for an employer well I mean you know look I guess if you were one of the fortunate ones that was able to retire somewhere in the early to mid '90s maybe even as far as late '90s you might have a classic pension plan something that is a lichen to what they would have received somewhere in the '70s and '80s only I would hope it would be more of a cash value per month those plans for the most part should be okay it depends on where the company has the investments laying some of those companies are already out of business and those pension plans function basically out of a trust that was set aside for that reason however I look for a lot of the trustees of those trusts and other assorted funds to pull a bunch of shit that would either reduce the amount that the recipients would receive or whether or not they could pull a maneuver that would temporarily stop it that's very rare because it's actually a pain in the ass but we don't know what's going to happen because ideally we have a very business friendly administration on the horizon which is in a lot of respects of good thing but if they get to fiddling with certain things particularly retirement funds then that's actually not good I don't really expect him to go down that road so I think that those pension plans are for the most part safe The reason I don't really expect him to go down that road is because if they keep that money flowing to those retirees then that's at least some amount of economic stability. now things like IRAs Roth IRAs and other assorted retirement investment plans way I well portfolios Well those can be a little dicey because you have similar risks that you would have with a 401k the difference is you would be diversified enough that one investment should be set up to cover losses at least to a certain percentage of other investments that's in there basically each investment would be in a position to where if one or two of the others had a drop then this one would you know make up the difference that's at least what they try to do That's not always the way it works but you have a better chance of that happening and something like an IRA or a Roth IRA versus a 401k so people that have money in those I think for the most part they should be fine it just depends on what they've invested in. now something like MMA money market accounts Well a lot of that would depend on what really is happening in money markets there's always a risk but they are generally deemed to be pretty safe The only problem with that is simply well a lot of shit is deemed to be safe until it isn't those which my father actually asked me about the other day because he received a lump sum and his retirement and the bank had advised that that's where he should put his money it wouldn't necessarily be a bad deal but I myself get the sneaking suspicion that the risks are at this point in time higher than they would care to say The risk on everything right now is much higher than what we're being told I may not have the exact percentages I can guess I mean if they tell you that it's a 3% risk I'm going to call bullshit and automatically assume 8% and then I'm probably going to forecast you know 10 to 13% risk but that's just me. to be honest I would think that one would be better off if they wanted to do something like a money market account depends on how much you're going to put in it I would say you would be better off to do something like CDs because you're going to get a higher interest yield on that anyway and then it's something that you can continuously roll over if you would like to me CDs at this time would be the better deal especially at some point interest rates are probably going to go back up of course you have the real interest rate that currently is still basically negative That's a different topic to explain for a different day...

[@Leftists_are_Losers]

Poorly. Inflation will cause prices of necessities to climb. The fixed pension will find the purchasing power declining. Good luck to all.

[@GHOSRYDER247]

Remote, hybrid, tele-work companies have lower carbon foot-print.

[@Shadow_Banned_Conservative]

We only care about low carbon foot-prints when convenient to those demanding more fees and taxes from us in the name of being green.

[@KennyG233]

Going to get expensive keeping these buildings up and while empty.... Eventually they'll just tear them down

[@CAMcabal-h3c]

Well it wouldn't be the first time that that's happened I mean punch up a documentary or two on the decay of New York from the late '60s through the decade of the '70s Well into the '80s I mean there was business centers across the city that went completely to shit there was industrial zones that went completely to shit and ultimately ended up as abandoned ruins now granted it took them the better half of 20 some years before they ever decided to go in there and clean any of it up and actually revamp it most of which it just ended up as other apartments and when they built them they were pretty nice so that's the other thing is if they can get the investment in there to repurpose the property Well to tear down the building isn't really a bad idea. The reason I say so is because we have to remember that they built all of this shit out for an economic time that no longer exists. so you know certain places I'm certain they may harbor is something historic but without the people wealthy enough to partake and actually either donating or basically buying an apartment or something in there to help preserve it then it's basically a lost cause you might as well tear it down and build something someone can use and that would be housing.

[@rachel112263]

They should turn all of this empty commercial space into APARTMENTS!!!!!

[@joyhappy1896]

Turning empty commercial space in apartments costs money. People are broke and have no money to buy anything let alone an apartment.

[@Phil_Scott]

Not to worry... the infamous 3 letter agency will have no problem hiring and arming 80,000 new DEI hires to go after anyone that still has a job or owns anything they can sell....AND the bag ladies...these cannot fool the agency, the brilliance will be endless.

[@AudricEnriquez]

Smart Investing Made Simple: Bitcoin as a Key to Retirement Planning🇺🇲

[@bayhunter6]

Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.

[@happyferet69]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@TammyLapalme]

Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

[@user-kj2iv6xr7s]

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@StealthFighterUSA]

Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

[@chrisharrison2552]

Theses comm office space very difficult to convert to residential cuz of building codes

[@GovernmenMagnitude]

I don't believe it has been corporate greed alone but political corruption and the dummies of the people mostly. Please let us learn criticizing us as people. We are dummies.

[@CAMcabal-h3c]

Well the political corruption and corporate creed basically functions hand in hand A lot of what's going on in the real estate market now particularly in housing it's been broadcasted for the past what four or five years or so as if it's new it's not new A lot of the shit has been going on underneath everyone's nose is for 40 or more years... I mean it's like you know everybody bitches about Black Rock and a few other companies getting into the game of going around and buying a real estate converting into rentals or they're eating up apartment complexes etc but little do these people know that that's not new Black Rock in the gang is late to the game. there's three companies they are conglomerates I cannot unfortunately remember the names that are based out of taxes there is a fourth one that is based out of Oklahoma here's the trick they've been doing this for 40 years they own nearly every apartment complex in pretty much every city county and state they've been sucking up millions and millions of dollars a month in welfare funds for years as well as cash payments by tenants this shit is not new by any stretch of the imagination. so the next time you drive past one or two of your local apartment complexes go home and look up that company you'll have to do extensive research You're going to have to run the name of that company probably through your state register or at least your county office to figure out basically your county auditor that is to figure out you know what name that really comes back to then you're going to have to research that company then so on and so forth I mean you may go through a series of three or four or six shell companies but eventually you will be able to trace it back to one of the four conglomerates if not one of the newbies like BlackRock. they hide behind a series of companies and they make these apartment complexes look as if they're a different company not related they are autonomous in reality no no it's a series of shell companies or umbrella companies that they're hiding behind for tax purposes but also for legal reasons if that complex gets sued then the idea is that complex itself or that business that governs that or multiple complexes would basically pay for that lawsuit and of course the subsequent insurance premiums they hide behind a series of shit. and like I said they've snuck into every area big and small and they've been doing this for well over 40 years and it's went unnoticed under everybody's nose but 4 to 5 years ago everybody heard the name Black Rock and a few other companies and they thought they learned some next level shit and now everybody seems to think that it's new and they know all about it when in fact no no they don't know shit.

[@firestarter1888]

They will turn them into residential.

[@fr0mundacheese]

I can't wait until youtube let's you choose what lame AI voiceover to read the video text.

[@staljans]

NO SIR, i THANK YOU, for all the knowledge, though i have zero $hekles in any of this, i thank you for all the knowlwdge and time you take to tell the other peasants , princes, n begabonds...lol, ok maybe i am going to far, but seriously, you doing this for others, iINFORMATION thats relevant and pay attention peasants, .... am impressed. you are one of the real elite.

[@phuoc9855]

Sooner, Everyone will be homeless.

[@CAMcabal-h3c]

Well to a degree I mean I will say that within the past decade or so a lot of people have walked away and said fuck it and willingly became homeless or those that were able to put a bit more money into the adventure they do things like van life. I'm in a lot of people are basically abandoning the conventional stationary way of life because it costs too much money of course at some point these costs are also going to have an impact on the mobile life at some point it will filter down there but as of right now no no that lifestyle is being continuously on the road and if you can do remote work from the road that's the way to do it that's honestly the best way to go about it now.

[@ricnyc2759]

BlackStone/Rock will buy everything... You'll rent.

[@CAMcabal-h3c]

not really I mean they can buy up everything that's true but on the other hand that concept is not new anyway there's companies there's three conglomerates out of Texas there's a fourth one out of Oklahoma they've been doing this sort of thing for over 40 years and they collect millions of dollars a month in welfare funds as well as just regular people paying rent they own nearly every apartment complex and pretty much every state county and city they hide behind a series of umbrella companies that own those complexes none of this is new. but the reason I say not really in terms of a lot of us won't rent is because a lot of us are literally just going to say fuck it and hit the road it's a lot of people have been doing for over a decade and that number is growing the stationary conventional way of life costs way too much money and there's no real incentive to do it.

[@mr.c1580]

We'rrrrrrrre Allllllllllll Doooooomed!!!

[@rolflagerquist8514]

“ Secure your own sovereignty by voting against all OPPRESSORS, then pass it on, enabling the Creator to collectively free Humanity”.

[@Robert-m4i]

well actually this is due to AI, not what most of the people commenting here are saying. lost jobs due to AI in the next 1.5 years and a global economic downturn due to a myriad of reasons.

[@CAMcabal-h3c]

absolute nonsense sir, AI doesn't really exist in the manner that you fear All it really is at this point in time is a couple of shitty chat bots and basically a stock market scam it doesn't really exist. it cannot exist simply because it's based off of the human brain which the physical brain itself we hardly know roughly 2% about it it's also based off of the human mind and consciousness two things that we know absolutely zero about we have zero idea the mechanics behind that we don't know how that works... so you can't build a replica a model or a simulation of what you don't understand meaning AI can not exist. you can have advanced programs you can have advanced algorithms but that's about all you're going to get and you're still going to need an army of people behind it which is what they currently have.

[@ericweber4446]

The Final Strawman Experiment Eric Dubay

[@Bob-gn8ph]

Luke 21,36 KJV

[@Support_Ad_Blocker]

god botherer

[@evecarrington562]

Amen. It's going to be a blood bath in the not to distant future.

[@desertrat6373]

oh that narrative ......

[@ericmadsen7470]

Be ready for more stack n packs in more 15 min cities.

[@KennyG233]

Coffin size apartments...

[@zomgoose]

Liberal MP George Chahal also has ties to the WSO and the Khalistani separatist movement.

[@hhinvest2819]

BLAH BALH BLAH BLAH AINT NOTHING CRASHING

[@CAMcabal-h3c]

oh you'll see the hard way I guess.

[@23drcharles]

The new book, The Bubble That Broke That Bank, outlines key survival strategies to profit from the real estate crash in 2026. This could be a major profit zone for individuals who are on the right side of the investment curve.

[@ianclark1737]

It was a plan demic, think any different then your a sheepal

[@rentslave]

DEMpanic. The Democrats saw that Trump was breezing in 2020,so they called their buddies in Red China:"Hello,Mr.Wang.You know that virus you've got there?Well,send it over."Then the caller said to a flunky:"You.Start filling out those Ballots For Biden in the corner."

[@CAMcabal-h3c]

exactly orchestrated by the Trump administration he was the assholes who declared nationally emergency when there wasn't one who in turn basically allowed for the shutting down of society and the economy while he goes on to increase deficit spending by 50% that by the way caused all the inflation... crazy Joe's inflation is still about 2 years out to be fully realized so really all everybody voted for was 4 years of it's all Joey's fault. when in reality they're both a couple of fucktards.

[@EduardoGarcia-bb1ec]

Thank God Trump is there !

[@CAMcabal-h3c]

Right.

[@walterbruner7433]

This is the result of Bidenomics

[@timothyadams9612]

Hopefully when we play the trump card in january it will help

[@CAMcabal-h3c]

it really won't simply because he is the executive of the national government and he has no authority to set prices etc so it's not like he could march into your local area and then dictate what the rent is I mean they kind of act like they're going to attempt some sort of price fixing arrangement and/or price freeze but really that'll just cause inflation everywhere else that's what happened when Nixon and Ford tried it in the '70s it just caused everything else to go up. but as far as directly dictating now he does not have that authority The investors will do whatever the investors do that's good for them that's it That's always going to happen no matter who you install in the oval office.

[@CrystalJoy-32]

I'm an amateur with a portfolio of 180k and I've got some real estate holdings too, but it's hard for me to build confidence. I want to invest another 70k over a one month span, but I want to be strategic about doing it so I can grow more and not stay stagnant. Are these good Index suggestions?

[@wealthychronicle-i1u]

Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@user-nt-k91]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@paultrump7630]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@user-nt-k91]

Amy Lea Kohlert is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@WilliamsJoy-t7q]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@mehrdadgarospour8594]

Total rubbish how a property in the market sold at 3% according to you nonsense

[@realtruther2631]

U SHEEPLE.." WILL " OWN.....NOTHING! !!!!!!!!!!!" & " BE HAPPY!!!!"...VIA BILL GATES ANDCTHE ECONOMIC FORUM!!😂😂😂

[@PurpleLEANKrabs]

Dont care

[@kenolson3064]

Thank you, Joe & Kamala.

[@realtruther2631]

its ..NOT THEM TOTALLY ..DUMMY!!😂😂😂..ITS " DONE BY DESIGN !..U JUST DON 'T USE YOUR BRAINS!!" 😂33

[@hakankinnunen3270]

Jag hoppas verkligen att jag har fel. Men då min syster tvingas ta tag i de som pappa lämnat. Så kommer min syster inte att klara av detta. Men hennes ego kommer med all sannolikhet att göra att hon absolut vägrar kontakta mig. Åt helvete för förnedrande. Å andra sidan om hon mot all förmodan skulle kontakta mig så får hon ett svar som hon absolut inte alls vill ha. Vi får se.

[@Elucidatorxxx]

Good. Maybe that will open up jobs in demolition and clean up and de-urbanized this world.