Everyone Has STOPPED PAYING THEIR BILLS!

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CQA Live

CQA Live

Күн бұрын

Пікірлер: 469
@jtenn73
@jtenn73 5 ай бұрын
Vehicles are still way too expensive especially when you factor in the normal cost of living
@CQALive
@CQALive 5 ай бұрын
Yes they are
@gravity-zero2917
@gravity-zero2917 5 ай бұрын
2:25 that black corolla sure looks clean.... 😊
@Oldeagle66
@Oldeagle66 5 ай бұрын
​@@hoapres Yes, I dumped that mess a few years ago.
@MrKillswitch88
@MrKillswitch88 5 ай бұрын
I wouldn't even calling it living at this point more like cost of existence unless we somehow returned to the 80s or 90s where people were able to afford vacations etc.
@jasonknight5863
@jasonknight5863 4 ай бұрын
Yes it’s Inflation and otherwise known as Bidenomics.
@JohnnyJolter69
@JohnnyJolter69 5 ай бұрын
Cool to see these collaborations between these content creators; many who are speaking from the lenses of your "Average American" not your 500k annualized salary folks
@yeoldmetalhead6592
@yeoldmetalhead6592 5 ай бұрын
Pretty sure both these guys are not too far off from that number
@Oldeagle66
@Oldeagle66 5 ай бұрын
Agreed, ya sure won't get the truth from the media and government.
@tommyhawks856
@tommyhawks856 5 ай бұрын
True, but they are not telling the whole story.
@flychomperfly
@flychomperfly 5 ай бұрын
​@yeoldmetalhead6592 - I honestly don't believe Brandon is in that category since he tells us what he makes on each vehicle sold, and he has his employees to pay.
@Steve.Cutler
@Steve.Cutler 5 ай бұрын
I'm so glad my car and house are paid off!
@mocast0974
@mocast0974 5 ай бұрын
Me too. But I'm looking for a Sienna van right now. Toyota has been artificially keeping the inventory low.
@NorthstarHomestead
@NorthstarHomestead 5 ай бұрын
Michael Bordenaro & CQA in the same frame?! Niceeeee 👍😄
@CQALive
@CQALive 5 ай бұрын
Yes! Thank you!
@economicfusion6065
@economicfusion6065 5 ай бұрын
Yes Michael's channel is great!
@B1970TBronze
@B1970TBronze 5 ай бұрын
Cool. Two of my favorite Utubers in one spot!😊
@uptoolayte1
@uptoolayte1 5 ай бұрын
So did Michael fly up there?
@barjer54
@barjer54 5 ай бұрын
@@uptoolayte1 Drove. 3 tanks of gas.
@williampope3531
@williampope3531 5 ай бұрын
I am so glad I have managed to do without a lot of things over the years. Now, at age 69, my wife and I are debt free. No mortgage, no car payment, no credit card debt. Neither my wife nor myself are spendthrifts nor are we wealthy. We DO have self discipline. Of course my daily driver is a 2004 Ford Ranger with 218k miles, but it is in excellent condition and meticulously maintained.
@Hard_7_Iron
@Hard_7_Iron 5 ай бұрын
The gospel folks should do their best to follow…. Cash is king.
@williampope3531
@williampope3531 5 ай бұрын
@@Hard_7_Iron Hey, if I don't have the money, I figure I really don't need it all that bad.
@rodneypennington1086
@rodneypennington1086 5 ай бұрын
Same
@flychomperfly
@flychomperfly 5 ай бұрын
You had it way too good, and were able to make those choices. Kids today who are in a medium-to-large metropolitan area are faced with average house prices at 500k and already having college debt around 40k! Yes, some people are not budgeting well, but for most, the system isn't working for them like it did for you. 😢
@williampope3531
@williampope3531 5 ай бұрын
@@flychomperfly No. The system did not "work" for me. I made better decisions and was patient and not obsessed with immediate gratification. I have 3 kids, 1 son that went to a tech school and later to college (paid his own way through college), 1 son went to a private tech school for audio engineering and a daughter that was born disabled and has never been able to walk or care for herself. She is 44 years old now. I went into the USAF for 4+ years as a young man (during Jimmy Carter's reign) and used GI bill and multiple par-time jobs to get through college with a moderate student loan debt. Wife number one divorced me during my 4th year of college (5 year curriculum). I was 44 years old before I was able to get my school loans paid and a year later child support was completed. During the S&L debacle years I was unemployed for nearly 2 years and survived by loading trucks for a moving company for $4.80 / hr. I bought my first home Dec. 1999. I was 45 and was able to (again) use my GI Bill benefits. The system didn't "work" for me. The DISCIPLINE the Air Force taught me is what "worked" for me. I hope this explanation helps.
@tedd7028
@tedd7028 5 ай бұрын
Corporations need to stop buying up 40% of all listings, then prices will come down.
@tboneforreal
@tboneforreal 5 ай бұрын
They will, but not before the bubble pops and they need to horde cash. Then they will start dumping their housing stock, which will lower prices, but also will hurt a lot of middle class people who will lose all of equity.
@drscopeify
@drscopeify 5 ай бұрын
This is not true, the big companies are buying 2 things, Apartments in big cities and private single family homes in large new developments in places like Georgia, Texas, Arizona but not in Oregon or Washington or Ohio or Pennsylvania so it depends where you live and the type of home you want to live in. Most of the homes in the rest of the country are bought up by fellow Americans who have cash, invested made money, and are buying up homes to flip or rent out, it is not big companies just fellow Americans some might aspire to own a portfolio of rentals some act like slum lords but its not big companies in those cases, just your fellow Americans doing that buying and converting in to rentals.
@tedd7028
@tedd7028 5 ай бұрын
@@drscopeify In Boston corporations are buying single and multifamily for mid term furnished rentals. They pay cash and close in 3 weeks. It's hard for any normal homebuyer to compete with that. There's a huge demand here mostly due to the growing medical community and schools.
@brg1708
@brg1708 5 ай бұрын
Also starting to see on Facebook Marketplace what I saw in 2008 -09: People are starting to dump toys - motorcycles, ATVs, "fun" car projects, summer cars, etc. Why?? When people get hours/overtime cut they start to look to sell toys. If REALLY desperate: guns, trailers, tools, even RVs. Also see people cutting back on expensive events such as large cookouts such as pig roasts, or golf events and related dinners. People who are frugal who have paid their bills always are being cautious in this environment, although still taking vacations.
@zodifoxworth6125
@zodifoxworth6125 5 ай бұрын
Epic Sleeper comment of the day folks!
@johnwatts5690
@johnwatts5690 5 ай бұрын
Cars and real estate are too expensive. The most job gains have been government which produces nothing. Government is a consumer not a producer.
@RonKnowsStuff
@RonKnowsStuff 5 ай бұрын
I work for the government and I definitely produce nothing!
@diegoharo7943
@diegoharo7943 5 ай бұрын
The sectors that have led over the past year continue to dominate - health care, government, leisure and hospitality ……so nothing has changed in America
@diegoharo7943
@diegoharo7943 5 ай бұрын
@@RonKnowsStuff what is your job?
@ENTHUSIASTICFIFAFAN
@ENTHUSIASTICFIFAFAN 5 ай бұрын
Same problem in Canada.
@RonKnowsStuff
@RonKnowsStuff 5 ай бұрын
@@diegoharo7943 I’d rather not say as I am still employed. Once I retire in a few years, I’ll have PLENTY to say. Some good and some strange things.
@CharlesCurran-m9p
@CharlesCurran-m9p 5 ай бұрын
People don’t seem to realize that credit can be your worst enemy. 10% car loans, 21% credit card debt, 7% home mortgages. They will suck up your excess cash and you’ll never realize you’re paying double for everything.
@justtransfer539
@justtransfer539 5 ай бұрын
I will be the first to reply that you are 100% correct!
@Scholar_1
@Scholar_1 5 ай бұрын
And 1% on Saving Account 🤔🥹.
@Oldeagle66
@Oldeagle66 5 ай бұрын
Yes, so many people bought into the instant credit marketing.
@meinasalon
@meinasalon 5 ай бұрын
Debt free is the way to be.
@MarkKesterke
@MarkKesterke 5 ай бұрын
I live Indiana and lots of work. But wages are not keeping up with inflation.
@mikebell0315
@mikebell0315 5 ай бұрын
Nationally, inflation rate is now 3.6% over a year ago. Wages are up 4.1% over same period. I think many people are quietly just starting to save and avoiding costly interest exposed purchases. A good thing in my view. Blaming government for actions of greedy businesses and consumers is dumb and simple minded.
@casper8662
@casper8662 5 ай бұрын
Interest rates come down, prices go up.
@FYoCouchN
@FYoCouchN 5 ай бұрын
Michael and Brandon should start a podcast called: "Walk With Me".
@oscar.esteves
@oscar.esteves 5 ай бұрын
Wow, that could be a revolutionary idea. I would seriously advice you to delete this comment. Is genius.
@boydaugusa8316
@boydaugusa8316 5 ай бұрын
That is a very very clever idea- would probably overload and crash the internet servers though.
@KeishaJones-fk2pz
@KeishaJones-fk2pz 5 ай бұрын
While Brandon looks like Morgan Wallen
@Revenant_Knight
@Revenant_Knight 5 ай бұрын
They do it long enough and it will become jog with me. Then marathon with me.
@Dfgbuiiyyyybb
@Dfgbuiiyyyybb 5 ай бұрын
You’re absolutely right a low interest rate environment is NOT good ONLY because Americans are terrible with finances. They see low rates and all they think is “oooo I can afford a bigger car or house” instead of…. “Ooo I can buy the house I NEED and pay it off faster”
@joefrisco
@joefrisco 5 ай бұрын
It is not the economy. The manufacturers and franchise dealers have developed a business model that depends on their customers going into debt to purchase their products. Investing in Florida real estate is too risky. Too many costs to sustain the property. Buy what you can afford. Have a plan that allows you to pay off your house, cars. Too many people go into debt over the image they portray to others.
@TimOBrien-zi2dx
@TimOBrien-zi2dx 5 ай бұрын
wow.... Michael up from Saint Augustine, My two favorite KZbinrs in the same video. Great when you guys work together.
@bryanspayde5681
@bryanspayde5681 5 ай бұрын
6 years ago I put a new metal roof on my house 175 miles per hour wind rated for 7500 bucks .. today that same roof is 25k ..
@danparker1976
@danparker1976 5 ай бұрын
I bought a RV shelter,paid 6k cash..same shelter would be right at 12k..the shelter is tall enough I can stand on my class A driver and work on it without hurting myself under said shelter
@claudehall7889
@claudehall7889 5 ай бұрын
40-year mortgage is the definition of a death pledge
@MummaBear
@MummaBear 5 ай бұрын
Mort means death.
@Ka_Gg
@Ka_Gg 5 ай бұрын
Add in 10 years car loans! Lol
@drscopeify
@drscopeify 5 ай бұрын
people that refinance are no different. I bought my house in 2012 and I refinanced in 2022, I have 2.8% rates but my loan started over so I already paid 10 years from 2012-2022 + started over a new 30 years = total of 40 years BUTTTT I will either pay off the loan in a few years from now or sell the house, this is why I refinanced I knew I was going to finish the loan long before hitting 40 yeas and only refinanced to get a lower rates until I made that call.
@roaddog7542
@roaddog7542 5 ай бұрын
30 year mortgages are ridiculous. 40 year.....INSANE.
@PatrickAllen-yi9us
@PatrickAllen-yi9us 5 ай бұрын
​@CMBBmc-jd6urHomes would probably be a fraction of the price.
@Bro-hl1pq
@Bro-hl1pq 5 ай бұрын
As long as you don't have your repairs done at a dealership. It's cheaper to fix the ride you have.
@Outsider.Reviews
@Outsider.Reviews 5 ай бұрын
Here in Canada, the Fed just lowered interest by 25 basis points and is the first of the G7 countries to do so. It's not changing anything really because prices are too high and so is the interest.
@naf2579
@naf2579 5 ай бұрын
We created our own problems. So expensive to "live". Endless subscriptions, frivolous spending, consumers being completely ignorant of their own finances. Time for people to cut back on the stuff in our lives. Stop feeding these corporations.
@zeroch1ll911
@zeroch1ll911 5 ай бұрын
The two biggest areas of greed in our economy. Housing and Auto.
@BillyHanback
@BillyHanback 5 ай бұрын
I watch both of them everyday.
@brg1708
@brg1708 5 ай бұрын
Used Car Dealer in Northeast College Town: Prices starting to soften in $10,000 to $15,000 to move inventory, such as 2012 Toyota Tacomas. . Also, used foreign luxury sedans such as Audi A4s have softened alot due to precieved repair costs.
@mocast0974
@mocast0974 5 ай бұрын
That Audi, BMW, Mercedes, Volkswagen is going to cost a fortune in repair costs. Land Rover? Baahahaha!
@melvinnoble8552
@melvinnoble8552 5 ай бұрын
in today's economic climate, the driving force that affect markets (housing, auto ect.) is for the most part; GREED! Lower interest rates won't have much affect on home sales because of the higher prices which are commanded due to "low availability" ! There are, in fact, PLENTY of houses in supply but they were bought up by corporations who are sitting on them to make the market pricing go up! Then command high prices as they slowly put them back on the market! All in the name of PROFIT! Foreclosures are not up (yet) because homeowners who bought before the pandemic are enjoying low, affordable interest rates and are choosing to keep their homes instead of selling to upgrade or even downsize! Just makes good sense.
@Karl51729
@Karl51729 5 ай бұрын
I built my house in 2017, and it's almost worth twice the value. There's no way in hell I could afford a house right now!!
@TheBandit7613
@TheBandit7613 5 ай бұрын
I bought my house in 1998 along with the empty lot next door. I had a house built there in 2007 when it was cheap. Between the two, They are well over a mill each in Vegas. They are an acre each... horse property. I'm close to retirement and am thinking of selling. I'm set for retirement. You do the same.
@patrickrussell1888
@patrickrussell1888 5 ай бұрын
Renting has gotten out of control compared to two years ago.
@CharvelStar7
@CharvelStar7 5 ай бұрын
Hey Brandon, A Great collaboration with Michael Bordenaro !
@bryanspayde5681
@bryanspayde5681 5 ай бұрын
My house I bought with a 3.5 percent interest rate I paid it off in 5 years .. the big factor is I paid 73k for it 18nyears ago!! The USA buck has fallen so far my home is worth 700k. ! In Ohio rural county with some acreage.. I’m 60 today …. I couldn’t afford to purchase my home today …
@stupidthoughts9635
@stupidthoughts9635 5 ай бұрын
​@nathan12403looking at who young people are voting for.... that's the pot calling the kettle black
@edwardkrochmal8268
@edwardkrochmal8268 5 ай бұрын
Usually when interest rates go up, home prices go down. Home Owners are not lowering prices. 2007 all over again.
@markfolino6976
@markfolino6976 5 ай бұрын
Fools are still paying super out of this world prices for cars
@drscopeify
@drscopeify 5 ай бұрын
Well people like 2021-2022 got high price of cars but the loan interest was SUPER low some people have basically under 1% rates my friend has like 0.6% rate so he might be paying for an expensive car for sure but the rate is almost nothing so he is a very very happy camper. The car has lost value but he is not looking to sell, he has the car and is using it so deprecation is only on paper, he is using the car for its intended purpose. The problem comes when people are forced or decide to sell meaning that they lose out of their low interest loan is gone and now they face the new car prices.
@thomasperina2990
@thomasperina2990 5 ай бұрын
Brandon thank you for this video with Michael. Both of you guys are professionals in both your professions. God Bless, & stay safe.TMP from N.J.
@remsmith3233
@remsmith3233 5 ай бұрын
Brandon! Thank you for bringing in useful and knowledgeable economic information. Having the trust you have from majority of your viewers gives us confidence about the info you give us and that truly men’s a lot.
@huddunlap3999
@huddunlap3999 5 ай бұрын
the tech companies don't want to talk about H1B visas.
@leos3003
@leos3003 5 ай бұрын
@JimAllen-Persona : They don't need those any more, that work is better done in other countries. What they do need is someone to cut the grass, build houses, fix cars and other hands on jobs. That's why the border is wide open as well as it's replacing the demographic abyss. In 5 years most better jobs will be done by AI at 100 times the speed. That's millions of drivers, lawyers, writers, FB mods and such without a job.
@MrKillswitch88
@MrKillswitch88 5 ай бұрын
10.5 million entered illegally and the corporates were happy to hire under the counter for pennies on the dollar.
@MX-CO
@MX-CO 5 ай бұрын
I started a dealership in 2016 and I specifically sold cars less than $5000. It was going well but I started with very little capital and paid cash for all my cars. When the pandemic came, I decided to shut down. I haven't seen anyone else that specializes in cars less than $5000
@Dwayne-mb2uj
@Dwayne-mb2uj 5 ай бұрын
5K was the welfare cut off right?
@MX-CO
@MX-CO 5 ай бұрын
@Dwayne-mb2uj I Chose $5000 and under because it's a number most people can come up with without financing.
@MX-CO
@MX-CO 5 ай бұрын
@@Dwayne-mb2uj Pretty sure most don't get more than one thousand on welfare
@Dwayne-mb2uj
@Dwayne-mb2uj 5 ай бұрын
@@MX-CO I thought it had to do with the max value of a car someone on welfare could own.
@MX-CO
@MX-CO 5 ай бұрын
@@Dwayne-mb2uj I wasn't aware that there was a max
@mitchell3306
@mitchell3306 5 ай бұрын
US Government jobs accounted for 40% of new jobs
@dave3657
@dave3657 5 ай бұрын
1:45 I don’t agree with renting vs. buying a home. Even if the interest rate is high, you’re getting some equity in the home. As rates go down,refinance. Drive a $5K or less car till you can afford something better. There’s lots of people that can’t afford a house payment, with a new car sitting in the driveway.
@davidalbright7335
@davidalbright7335 5 ай бұрын
What you aren't taking into consideration is that the price of goods and services has removed up to 50% of the money they used to have. Many people have curtailed the number of meals they eat each day. Money for a down payment or the subsequent mortgage payment just isn't there for most people, as the guest pointed out. The advice to buy a house is a ludicrous as telling people to eat better. Healthy food is out of reach for impoverished people. Thoughtless.
@TheBandit7613
@TheBandit7613 5 ай бұрын
YES, be renters. I own and rent 5 houses plus the two family houses that are mine and my kid and grandkids live in. Pay your rent, don't cost me too much money of time and I'll give you a below market rent break. Pay your rent on time and don't break the toilet.
@Runco990
@Runco990 5 ай бұрын
A good friend of mine says it's a race to the bottom. Buckle up!
@pokemon9839
@pokemon9839 5 ай бұрын
😂 Brandon I love that you did the walk with Michael on your video. Congratulations on the house you have worked hard.
@verystrange2465
@verystrange2465 5 ай бұрын
I was happy that you both know each other. Realized it about a week ago. Great job guys!
@conicEllipse
@conicEllipse 5 ай бұрын
Brandon, Michael, I love it when you guys collab. I watch Michael's channel every day, too. It was a pleasure seeing you, Brandon on Michael's channel. I've seen you on Caredge as well. Good stuff, guys!
@lovethemflowers
@lovethemflowers 5 ай бұрын
That was great that you each did a video for the other’s channel! It was also strange to see both of Michael’s hands free during this video.
@boydaugusa8316
@boydaugusa8316 5 ай бұрын
Two greatest tubers at one shot. This is phenomenal and a wealth of economic information. You got to do more of the dynamic duo. Just for fun you should have Michael looking at window stickers and commenting.
@jamesmoore560
@jamesmoore560 5 ай бұрын
If you can't afford a home, you can always live in your car.
@Steverino70
@Steverino70 5 ай бұрын
You are describing 1/2 of the economy. Now for the 2nd half. The stock market had a good 2023 and first half of 2024. Wage growth had increased substantially. Unemployment is at 4%, historically low. Trust me, finding a contractor, repairman etc is tough because that are really busy. Businesses are still looking for workers in many sectors. It is really a case of 2 separate worlds.
@mitakuyeoyesin1739
@mitakuyeoyesin1739 5 ай бұрын
One interesting thing I never see anyone talk about is this.... My homeowners taxes went up 70% from pre-pandemic levels(of course, they say my property is worth more). So, are they going to allow home prices to fall... as this will also lower the tax burden, which I don't see happening... (perhaps they might just try to raise the taxable rates, but push back would happen on this I suspect). Hmmm?
@ronald5728
@ronald5728 5 ай бұрын
Great interview, Brandon. Very pertinent questions. And, of course, your guest Michael is very knowledgeable and expressive to help with the interview.
@izkupcov8785
@izkupcov8785 5 ай бұрын
Great piece! I really like this collaboration; good job by both of you and thanks again, Brandon!
@dtlusk24
@dtlusk24 5 ай бұрын
Work for DOD contractor. Even I was laid off in DC area 2 months ago. Unreal, fell bad for others in slower areas where jobs aren't as plentiful.
@michaelcale272
@michaelcale272 5 ай бұрын
Great addition to your channel. Hard to say when, but it does feel like the crash is coming.
@beeslandscaping
@beeslandscaping 5 ай бұрын
100% you need the average income of 160,000 to afford a house that’s $700,000 and with the price of inflation that might not even cover anything
@wwz1011
@wwz1011 5 ай бұрын
Many years ago, we bought a house in a depressed market. It was only 11 months old when the owner lost his job and had to move. They paid $350,000 for it. For the next year they tried to sell. Meanwhile, they had taxes, insurance, utilities and maintenance to pay as they left the area. So even simple stuff like lawn care, they had to pay for. We bought it about six months later. Paid $225,000 for it. Sellers had to come up with over $50,000 cash just to pay off the mortgage when we bought. They lost their 20% down payment, all the payments they made over 2 1/2 years, and another $50,000 to get out. Its not like we stole the house either, as it was only worth $225,000.
@jimc5749
@jimc5749 5 ай бұрын
If people live within there means they shouldn't have a problem with a car loan... or am I missing something here? I understand if someone loses their job but there are alot of companies hiring too... none of this is affecting me, but I live within my budget...
@ssl3546
@ssl3546 5 ай бұрын
Are you really asking for a tl;dr on the entire channel?
@kylegregory7530
@kylegregory7530 5 ай бұрын
I feel the same way.. I make just below the average income in my state and haven’t been affected. I live within my budget and don’t rely on anyway else to support me.
@tmorales7674
@tmorales7674 5 ай бұрын
Every thing is bad I’m in the trucking industry and we been in the hole almost 2 years now. Freight rates are garbage and equipment is sky high and fuel. Big companies are going bankrupt left and right!
@TheOzthewiz
@TheOzthewiz 5 ай бұрын
In other words, let the good times roll!
@jda72
@jda72 5 ай бұрын
@@TheOzthewiz In other words that's Bidenomics!
@ogcabbage6213
@ogcabbage6213 5 ай бұрын
People I know who are renting are paying 50 percent more than most mortgages .
@RonaldRenner-pr7zd
@RonaldRenner-pr7zd 5 ай бұрын
Exactly! 30-100% cheaper?!?! Who is this “expert”?!?!
@RonaldRenner-pr7zd
@RonaldRenner-pr7zd 5 ай бұрын
Exactly! 30-100% cheaper?!?! Who is this “expert”?!?!
@Mike232-j2p
@Mike232-j2p 5 ай бұрын
You're forgetting insurances going up taxes are going up maintenance if you get the neighbor from hell you can just up and leave a one-bedroom apartment is a lot cheaper on utilities you have no maintenance cost your property taxes and homeowners insurance is going up any most likely don't own your house
@MrSkynet
@MrSkynet 5 ай бұрын
I'm paying these medical and house bills. Cant afford to die
@homer5328
@homer5328 5 ай бұрын
I’d love to move but my interest rate is 3% and homesteaded taxes are low, to buy a new house, everything will double and can’t afford it. Everything he is saying is true.
@kiefbox4908
@kiefbox4908 5 ай бұрын
Two of my favorite channels teaming up. Its like an earthquake and a hurricane of bad news!
@charleschilders2041
@charleschilders2041 5 ай бұрын
I have not stopped. Last I checked I was part of everyone.
@KA-te7xk
@KA-te7xk 5 ай бұрын
EXACTLY!! 💯💯
@PaulNewmansFlow
@PaulNewmansFlow 5 ай бұрын
Last I checked you are not everyone. You are the only one...applies to everyone reading this...
@danparker1976
@danparker1976 5 ай бұрын
yeah I seem to pay my bills as well.
@lewisskolnick814
@lewisskolnick814 5 ай бұрын
Love the channel, but the click-bait is a bit much‼️
@dtandfam8100
@dtandfam8100 5 ай бұрын
Certainly.
@rbmcobra
@rbmcobra 5 ай бұрын
The cycle of inflations has been going on for generations. Politicians have little influence on creating it or fixing it. It is the cycle of life usually brought on by people making poor financial decisions!!!
@chrish6720
@chrish6720 5 ай бұрын
Great colab 👍👍👍
@904classiclegend
@904classiclegend 5 ай бұрын
Why do people buy in HOA's? Foolish.
@elcidenkorea
@elcidenkorea 5 ай бұрын
My first mortgage in the late 70's was @ 12.8 % so I've seen it it way higher than now. As well as long lines to gas up with fights breaking out and only allowing 5 gallon purchases. We didn't learn our lesson....
@JackMorgan_RLP
@JackMorgan_RLP 5 ай бұрын
Them boys !
@vivid_performance
@vivid_performance 5 ай бұрын
I watch Mike's channel as well. Both you guys have good content 👌
@bryanhill3041
@bryanhill3041 5 ай бұрын
You got a legend on your channel!!! Mike is everywhere!
@dianat4023
@dianat4023 5 ай бұрын
Not only has wage growth not kept up with inflation of basic living expenses like food, shelter and energy, BUT part of whatever increase in wages there was/is part of that is taxed away before it even ends up in consumer pockets
@mkashay
@mkashay 5 ай бұрын
I never thought you would become a macro economic site. Outstanding!
@devilshockwave23
@devilshockwave23 5 ай бұрын
20-30k for a roof inspection? I call bs on that.
@OneOut1
@OneOut1 5 ай бұрын
That's not what he said.
@miopazzotoddly
@miopazzotoddly 5 ай бұрын
My 2 favorite content creators! Well Done!
@LopezNewEra
@LopezNewEra 5 ай бұрын
I’m blessed to have work to pay my bills. I pray others do better this year. God bless.
@Damag3d_G0ods
@Damag3d_G0ods 5 ай бұрын
The clarity and lack of outside noise from the mic that is used is in this video is amazing
@BuckRogers2000
@BuckRogers2000 5 ай бұрын
I hope for both of you is mucho engagement on this video. It's cool to listen to your opinions!
@dogownrpenna
@dogownrpenna 5 ай бұрын
Fabulous collaboration!
@laser31415
@laser31415 5 ай бұрын
@leonb2637
@leonb2637 5 ай бұрын
Lets also not forget that millions are not paying student loans too out of spite or in economic trouble.
@CharlesCurran-m9p
@CharlesCurran-m9p 5 ай бұрын
Or because they think some politicians will cancel them.
@bondobilly9369
@bondobilly9369 5 ай бұрын
Lots have been paid off and transferred to the public
@CharlesCurran-m9p
@CharlesCurran-m9p 5 ай бұрын
@JimAllen-Persona Didn’t the federal government take over all student loans under Obama? Shouldn’t she be talking to him? BTW, how do you know the money only cost the bank 1%? I’ve never seen any figures like that.
@thainguyen4092
@thainguyen4092 5 ай бұрын
@JimAllen-Persona Student loans cannot be discharged in bankruptcy
@fum00A
@fum00A 5 ай бұрын
Great to see the two of you together :)
@Johnny-bm7ry
@Johnny-bm7ry 5 ай бұрын
Why are car sales number still high despite high prices and high interest rates?
@diegoharo7943
@diegoharo7943 5 ай бұрын
Those numbers can be deceiving, allocated vehicles are considered “sold” but cars are still selling at higher prices for the same reason houses are more expensive…..people are willing to pay more
@TheOzthewiz
@TheOzthewiz 5 ай бұрын
Fleet sales?
@glennjohnston7115
@glennjohnston7115 5 ай бұрын
I’m seeing new 2025 trucks coming on the market. I looked at three Ram trucks, and the cheapest one was 60k plus! One was in the 70k area. Why?? What is the deal Brandon?? I respect your videos, but the prices are still up! I thought they were going broke….
@TheErvdoggie
@TheErvdoggie 5 ай бұрын
Great tag-team video w/Michael! Nothing like housing and the automotive industry as indicators of how healthy the economy is for the "rest" of us 😉
@CryerMobileDetailing
@CryerMobileDetailing 5 ай бұрын
Crazy. I watch both of y’all’s videos on a regular basis but never associated you together. Apparently great minds think alike ❤
@josha5086
@josha5086 5 ай бұрын
This was a neat video with a mix of overall market factors and then tie it back to the automotive world.
@frankbarton5025
@frankbarton5025 5 ай бұрын
I watch both of you. You guys are great and very informative. Thanks for the lessons.
@robrees8382
@robrees8382 5 ай бұрын
Thank you both for this excellent video.
@janejustice859
@janejustice859 5 ай бұрын
I work at a Honda dealership and we are actually doing ok. We are however in an area with a lot of Government, Government contract and military workers. It's our saving grace. Being a reliable brand with longevity helps a lot. Sales are actually good, we had a record number of trade ins last month. However the real estate market here is not as good.
@johnlacroix1639
@johnlacroix1639 5 ай бұрын
I like and WOW amazing TY so much ,,Keep up the great work
@davebest6369
@davebest6369 5 ай бұрын
Slow house sales are also due to the fact that people aren't putting their house on the market because they have a low interest rate on their mortgages. Why would someone want to go from 2% to 3.5% mortgage to a 7% mortgage?
@anoxicfiltrationplenums
@anoxicfiltrationplenums 5 ай бұрын
In Florida, there is an abundance of brand new homes being built by builders. So the market for real estate agents to sell an older home is a lot harder than it used to be. After all, who wants to buy an older home when you can buy a brand new home? Only the overpriced homes in Miami day or Coral Gables Florida are sitting on the market longer because they cost in the millions. It’s a little secret that real estate don’t want to tell you is that brand new homes here in Florida are flooding the market. In Kissimmee, Florida alone 6000 new homes are going to be built.
@alexander4089
@alexander4089 5 ай бұрын
Interest rate cuts are a solution, and it's not a short-term quick fix. interest rates coming down are a long-term fix that take years to really start to cascade around the market. The reality is there is no short-term fix and this is just what the economy is going to be for the time being. Adapt.
@G.M85007
@G.M85007 5 ай бұрын
Great video!!! Thanks the sad reality we live right now.
@mss627
@mss627 5 ай бұрын
Finally. All the BS coming out of Washington and Madison Avenue had me thinking that it was just me. What most automakers don't understand is that the gulf between MSRPs and what people can afford is massive. I'm talking about tens of thousands. If these guys cut prices by 50 percent most people still couldn't afford ther vehicles. We've finally killed the Golden goose. A really hard rain is coming.
@PJMCG19
@PJMCG19 5 ай бұрын
Awesome content guys.
@RonKnowsStuff
@RonKnowsStuff 5 ай бұрын
Caught me off guard posting on a Sunday!!!
@CNDMrfixit
@CNDMrfixit 5 ай бұрын
I watch his channel all the time, I just want to know if he saves money buying arm less shirts? LOL just kidding. I suggested to him to look at how the trucking market is crashing as well which I also follow on YT. Trucking businesses are going bankrupt or laying off daily because there is less product that needs to be moved, this also creates truckers undercutting and making rates go down for the shortage of runs available. Trucking is a big influence that shows how the market is going down. Owner operators are walking away from their trucks and parking them because they can't afford the lower rates, high fuel costs and insurance as well as truck payments.
@BusyAir
@BusyAir 5 ай бұрын
Who knew that the glue holding the entire economy together was minimum wage fast food workers? Really cool seeing you guys together.
@Stevo79er
@Stevo79er 5 ай бұрын
Great collab!
@MatthewBachar-rc3iv
@MatthewBachar-rc3iv 5 ай бұрын
Enjoy the pride of owning things, that makes you better than the next guy. Good job!
@jeffidubb
@jeffidubb 5 ай бұрын
I still pay all my bills
@johns4699
@johns4699 5 ай бұрын
My daughter is a real estate appraiser on Long Island NY .Last month she did one hundred appraisal and prices are still going up .Crazy
@joewalters2259
@joewalters2259 5 ай бұрын
Our house has went up $60K in the 8 years we have owned it and people keep telling us to sell and take the profit. My rebuttal is there’s no way because the low inventory of houses and going from 2.8% interest to 7% is a hard pass for me.
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