Employment Is Starting to CRUMBLE! Sell Your Real Estate Now!

[@guidolandolt5949]

Great content and slides indeed. I’m certainly looking forward to a price correction in private housing. Certainly hope you correct with said happening after Election perhaps. Please address the fact that the Feds printed $ 1 Trillion in 100 days this year to keep the economy going. Thank you Sir.

[@michaeldouville690]

Thank you for the comment. Yes the Administration is spending $1 Trillion Dollars every 100 days....the Debt of course will stifle the Economy. believe the slowdown will become evident very shortly, probably well before the election. Keep saving, pay down or eliminate debt, and protect your credit. You should be well rewarded. Michael Douville

[@guidolandolt5949]

It has been a long wait for house prices to drop. Been saving for years, always thought prices are to high. We have no depth. Thanks for your videos/ content.

[@cometcal2]

That 44 story high rise would be great to convert to a storage facility for all the people who lost their single family homes and were forced to rent a small apartment.

[@michaeldouville690]

Thank you for the comment. One would hope something productive could be found to convert that 44-story high-rise. Just the cost to maintain is $millions. Storage could be a possibility. There is talk of converting to Apartments, but usually the plumbing stacks, the elevators, etc. need to reconfigured at a cost prohibitive amount. Good thought! Michael Douville

[@maxcanthelpit]

More stores and more stores close...employment going up. Office building won't fill back up...employment going up. House price weakness spreading throughout the country...employment going up. Tesla lays off 10% and a $120K year supervisor's next job is $20/hr at GNC and will live in his car. In my super hot area of Cambridge MA Zillow still doesn't show any panic in the market. I see "Coming on Market" signs everywhere. End rant ;)

[@michaeldouville690]

Thank you for the great comment. I agree with you; the Economy is slowing. The Media seems to want to ignore the facts, however, as much as the Administration is spending to offset the declines, the Cycles will Complete. There are other cycles besides the RE Cycle; Liquidity, Interest Rates, Employment, all that have to resolve the excesses. It will be Brutal, of course, but after the Cycles bottom, they will start again. Michael Douville

[@maxcanthelpit]

@@michaeldouville690 I don't believe the cycle will start again as we know it. I don't believe we'll run out of fossil fuels in our lifetime, or even that of our children or even their children. But baring some technological miracle it will get more and more expensive (in fossil fuels) to mine resources. If you haven't read up on REINDEER ON ST. MATTHEW ISLAND, you want to familiarize yourself with it. Compounding the problem a lower ratio of energy mined from energy, climate change is creating weather that will destroy what we've built higher than before and that too will continue to get worse. So 1.) Less energy mined for energy input 2) more energy needed to secure farming and structures. The best decades for humans was between 1950 and say 2000. I extrapolate from that too. Physicls tells me I shouldn't. who knows! I count myself lucky to have been born in 1961. Cheers!

[@GTB-1984]

Last few year in my city the amazon van all over the place in convoys and for the last month hardly see one here in there.

[@michaeldouville690]

@@GTB-1984 Thank you for the comment. The data shows Savings are being depleted and Credit Card debt is at historic levels while banks charge onerous interest. No demand destruction for Credit cards. The data also confirms your thoughts: retail is in trouble. 70% of our Economy is consumers...what does that tell you? Michael Douville

[@maxcanthelpit]

@@GTB-1984 Yep, the truth is right out in the open. But few pay attention.

[@PeterKiryluk]

Are new people signing up for Door Dash a "new job reported" if so than the data is all trash.

[@michaeldouville690]

Thank you for your comment. The Government Data has been suspect for a while. The jobs report has almost a monthly revision, always worse than reported. So, yes, I think every part-time job counts. Work 3 part-time jobs, counted three times! Michael Douville

[@brett.c1649]

Do you think prices will drop nation wide? I live in a state neighboring DC. Most folks here work in D.C

[@michaeldouville690]

Thank you for the comment: Real Estate is an Asset Class, but also varies by region. DC and Phoenix have excellent long-term growth potential; however, no one will be immune from the coming Cycle Completion. Markets that have gotten ahead of themselves like Austin and many Florida markets could experience severe retracement. While you wait, raise Cash, quit spending, pay off Debt, and protect your Credit and Employment. Michael Douville

[@brett.c1649]

@michaeldouville690 in 2 months all my consumer debt will be paid off . It took me about 3 years