“Experts” Were WRONG! Mortgage Rates Will Remain High

[@epicmomentsphotography6181]

Plot twist: The experts are never wrong. They're intentionally lying.

[@CeeTeeUSA]

That's the truth sadly. They can't lower interest rates, they're bankrupt. They've been attempting to delay the collapse. The politicians are afraid of a revolution..

[@kevinhoward5520]

Bingo

[@amargacanica1042]

Yessir

[@quixomega]

Nah, if they could accurately predict this they'd be a whole lot richer.

[@slowridefpv9668]

They are rich. Or maybe you haven’t been paying attention. Wonder if Powell is loading up on treasuries again.

[@sargepent9815]

Hit it right on the head. I personally fell for the "Buy now, refi later" and as a result I lost my home and about 35k after shortselling and fees. DONT DO IT!!!! Wait for either prices or interest rates fall. If you must buy, do so knowing you WILL likely be stuck with that rate (and property) for at least 10 years. If you're not ok with that, DONT BUY

[@astrahcat1212]

I'll take the shack for 50k, just need a big giant dog and a shotgun or something 😑

[@Hoffmanpack]

Thank you,! Someone told me to buy and refi later, I was almost convinced that would work

[@breadfan9]

Wait....for 5 years???

[@janejustice859]

I was out of work for 6 months. Never filed unemployment, which means I was not counted in the unemployment numbers. It took 115 applications to find my current job. People say they are hiring but the truth is only service and labor jobs are hiring but us salary workers are struggling to find positions in our field.

[@jcc9925]

Why didn't you file?

[@veronicascott313]

@@rynolonewolf I think that it's a very interesting cluster f they got themselves into. AI can do the jobs but if the people aren't making money they have no wages to rip off. Also no one could afford their overpriced brands.

[@christopherhendricks4369]

Wait til companies start cost cutting during the downturn. It's going to get ugly in the job market. They will hire someone for less and give them twice the workload and fire two higher salary workers.

[@andreaberryman5354]

Ah-yeah. Can see that. What I'm running into is now that such a high percent of service industries are online, even McDonald's won't even LOOK an application with RESUMEE. Fast food and waiting tables REQUIRES a resumee-AKA-SO damned picky nobody bothers now. Too complicated. Begging for workers, accepting virtually nobody. Brilliant!!!😢

[@stellasampson572]

@@rynolonewolf They're working on having AI ask that as well.

[@TheWildwoodPicker]

The first house I ever bought was back in 2001. I paid 89k and my interest rate was 7% on a VA Loan. That was not a bad interest rate when the house only cost 89k. Today a 7% interest rate on a 350k home is astronomical because wages are no where near keeping up with inflation.

[@samarianosans]

@@JetsetBeach your 3/2 townhouse cost $450k? cause if it was $90k you're not allow to say nada

[@CreamCheesePepperJelly]

My 1st home bought in 1999 Price was 89k int rate 8%. 1st build in Jupiter in 2002 @ $242k int was 5.375% we were elated!

[@pungopete468]

​@@JetsetBeachrates are just a function of how much you pay every month. What was your payment when those rates were 8%? People are complaining now because a cheap mortgage for a new homeowner today in a high crime area with garbage schools is over $4,000 per month.

[@petsbud2160]

​@@JetsetBeachit's funny how you completely ignored the rest of what the person you're replying to said. At what price did you get your house? 8% rates are not okay at $400k median home prices, even if wages doubled since 2000, which they haven't, and cost of living has...

[@mariedejesus3649]

Let's be clear,2% mortgage interest rate will NEVER happen again. It should have never been that low. It was to stimulate the real estate market after the housing crash of 2008. The unfortunate consequence was the greed of investors and homeowners. The rationale was a 500,000.00 property at 2% mortgage interest rate was the same as buying a property at 250,000.00 at 7% interest rate. The mortgage interest rate of 6% - 8% is healthy. It will stabilize inflation. The real estate market should have never increased at 200% - 400% within 2-3 years. The interest rate can never decrease below 6%. The inflated real estate market needs to deflate. How is it that a real property in Palm Beach County was purchased in 2019 for $628,000, and it was sold last year (2% mortgage interest rate) for $1.3 million dollars? The average starter home is $400.000.00. Only three years ago, it was $250,000.00.

[@user-Jab1000]

Yes, but that was the plan. Bring it up to bring it down, so they can mess up a whole lot of people. It was really the same pattern of the early 2000's, only on steroids.

[@christopherhendricks4369]

I absolutely agree. Rates should have never dropped that low. Our government panicked and actually created the mess we are in now. Over priced real estate with low inventory. I truly believe interest rates for 30 year loans should stay above 5%.

[@AB-fq4mr]

Prices going up is the only way broke investors can get more money. They need booms and busts - booms help them get fake money, busts help them buy cheap. If things stayed flat, they'd always be broke. They just refinance to pull more money out to buy the next property, while the rest of us are still saving for our down payments. And so they now own all the homes and our children have nothing to inherit.

[@JuancoPRoFlow]

No shit Sherlock

[@Joeainthere73]

If you take 2003 as a baseline, I had a house in Jupiter worth about $180k. Add 20 years of 4% appreciation to that. What you get is $394,200 as today's value at 4% appreciation for each of those 20 years. With 4% appreciation and it costing 9% to sell a house according to Zillow, it takes 2.5 years to sell and make 1%. Zillow has my house about 5% higher than the $394,200 number right now. Those expecting prices to drop significantly for starter homes are not facing reality.

[@vickijohnson9367]

Your question’s answer. The conglomerates borrow all expenses, and pass those increased borrowing costs on to consumers, which keeps inflation high by factual Federal Reserve design. In housing no one is giving up the 3-4% on consumer housing, unless forced for some reason. Add in a lot of homes are owned by corporations and they drove up the prices, plus they are holding those homes, rented out or not. The “floating higher than ever” is by design, and can be seen inside the corporate debt machine controlled by private finance. When the Fed bought up corporate debt to stop the crash taking place in March 2020, that saved conglomerates in the moment, but when they started unwinding that corporate debt off their books, they set up the inflation we are experiencing now. Since that is passed through corporations onto the lowest level (consumers), the big over valued businesses are hunkering down, laying off. The commercial office buildings is the current ground zero for Unserviceable Debt, some being bought up cheap, some being foreclosed. Never trust the “industries” media, only look at the debt instruments serviceability, which tells the real story. If things get too dicey then “something” will happen to take attention away while finance makes more moves. The financial instruments (bank & insurance), are being manipulated to “ease” into something much bigger/macro (global), than current information is much harder to determine how/when it will play out and the effect on consumer homeownership, which is still 85% of consumer lending in U.S., a global liquidity provider that had to have Chinese citizens added into the space to prop up the world a decade ago, because the U.S. consumer could no longer supply enough through our consumer debt. Think of the current situation here as a “tight” constricted debt situation with a smaller pool of debtors with more debt.

[@Jsart87]

So… I have 2 degrees… 2 certifications and no gap in my resume since I was in high school 18 years ago.. I’ve been looking for any type of job around 50k+ just so I can afford to live. Around 500 applications the past 4+ months and absolutely nothing. 3 interviews that’s it. I don’t know what they are talking about with these job reports.

[@breadnaut3087]

Try working with your hands and learning a trade? Automotive or construction will always be looking for hard workers.

[@AB-fq4mr]

I had the same issue. Once you get to a master's degree, everyone hates you. Your supervisors don't want to promote you and nobody wants to interview you because you're a threat. I got sick and tired of going on interviews and opened my own business, now I make $140k sewing and am happiest I've ever been. I'll never let anyone make a fool of me at a job or interview again.

[@ilc-nl3yy]

I predicted 10 years ago that something bad will eventually happen in the near future. I remember listening to a talk show host named Neal Boortz years ago, and one statement really got my attention: GET OUT OF DEBT. After hearing that, I paid off my 30 year mortgage in less than 6 years.

[@whiskersredwood7903]

What a prediction😂 something bad will eventually happen

[@lovly2cu725]

WOW

[@theonewhoknocks2835]

something bad happened and you coulda refied at 2.7% and had all your money in the SP500-stimmy-check-rocket!

[@ilc-nl3yy]

@@theonewhoknocks2835 I paid my house off, saved thousands in unnecessary interest and invested. I'm 51 semi retired and trying to enjoy life now.

[@ilc-nl3yy]

@@whiskersredwood7903overnight inflation, high interest rates...........

[@e4300]

Hey Michael. I am one of those who ARE able to work and Willing to work but choose not to attempt it any further. Why? Because after applying for employment that I am very qualified for I kept getting turned down or no interview at all. I am not counted in the numbers. Regarding 1 interview I went on ( I am very qualified for the job I applied for ) I applied and was refused because the employer said they didn't think I could do the job, meanwhile the company did hire a person for the job and I stopped in a few months later and spoke to the person they hired and with some chatting with this person he told me that he didn't have any knowledge of the job and he literally told me he had zero on the job training and he couldn't even find the front door. He said I don't know 1 thing about what I am doing. Absolute True Story. Another time I applied and got an phone interview and ultimately did not get hired but the employer did hire someone and about 2 months later the job was posted again, so the person they did hire didn't work but a month or there about. A friend of mine said the company he works for just hired a 22 yr old to be a Warehouse Dispatcher that is still in college ( taking Medical Billing ) and the person the company hired in this situation said he NEVER worked in a warehouse, Period. He has Zero experience as a Dispatcher. I want to tell you these employers are lying about wanting knowledge and or experience.

[@zeldamoore8371]

They are probably afraid an experienced qualified employee would make them look bad because they don't know what they're doing

[@illusion2055]

Awesome content, could not agree with you more. Every real estate agent I talked to keeps using the same line, “ people are locked into low interest rates, so no incentive to sell, so you should start looking to buy now.” well, even with low interest rates, if the recession hits and people lose their jobs, they will sell, regardless of the interest rate!

[@Userxyz-z2d]

Theres lots of houses out there where Sellers are lowering their asking price. Its happening.

[@Joeainthere73]

Where are these job losses happening? The healthy jobs numbers this week crashed the stock market because it points to more interest rate hikes to curb inflation. I can now get a 4 year CD at 4.2%. That points to higher rates sticking around. Did all the safety nets, Obamacare, SNAP, forbearance, HUD, unemployment insurance, $15 min wage, etc. eliminate recessions?

[@illusion2055]

@@Joeainthere73 if you believe the numbers…..

[@Florescj12]

To be fair, if you have a 2k mortgage...you're probably going to do whatever it takes to keep from losing the home. Most of these homes were not bought by folks in unstable lines of work or without a large down payment. Banks were just way to tight this time around. I do think prices are and will continue to drop, but not the crash most are hoping for.

[@illusion2055]

@@Florescj12 quite possibly very true.

[@standinginthegap7118]

Some unemployed are stay at home moms in stable situations, but there's a group of 7 million + prime working age men who refuse to work. They either live off disability and/or muche off their mothers or girlfriend. Yep. There's actually a whole book about it. I personally think many also sell drugs.

[@mrwilliamwonder]

Selling is work.

[@Marie-ts8rp]

Yes & they are living in more expensive apts thanks to mandatory acceptance to Sec 8 applicants😢 Sitting around smoke & drink & drug all day while working professionals pay their bills as they trash these once nice places!!

[@mrwilliamwonder]

@@Marie-ts8rp Sounds perhaps like a little jealousy going on here. If you can't beat em , join em.

[@BruceLee-xn3nn]

I know a 67 year old lady still working and taking care of 4 guys that are capable of working but just too GD lazy. It's more common than people realize

[@jdenino6022]

@@BruceLee-xn3nn sounds like my mother. my brother still lives at home at age 50 plus.

[@shelleyclay1732]

If they don't stop being greedy, let them sit, they will get nothing, then they will loose there minds and we will get them.

[@lockhamj]

I love your content, i hope this channel helps you travel the country and expose the cracks in the housing market

[@carefulconsumer8682]

You are the most honest person on the internet when you say, "I don't know if rates will go up or if they will go down."

[@slapjack2000]

Yeah this is how bad it is. Moble home park, a double wide, needs some work. 5 to 8 yrs old. 91.000$... not including lot rent, electric. Geez. Great video 👍

[@donjulioesparanza8099]

Experts are paid to tell their lies......

[@sl123sl]

....they say what they need to keep their jobs

[@basha0810]

Omg! Leaving Florida is traumatizing for those of us that live here 😬🥴. My son just graduated from high school not long ago and has been looking for work for months. There are signs in the stores saying, "We're Hiring!" He goes in to apply, they tell him to go online for the application, he does, applies and he never hears another word. Nobody does on the spot hiring anymore. Are they that desperate that they don't take a walk in to talk to? If they're hiring, WHO are they hiring because the signs are still there and my son is still unemployed. It's been very frustrating for him because he wants to work. I thought the same thing Michael. Those that are choosing not to work? How are they paying their high rents, utilities, cell bills, insurances? I don't get it. You can't just CHOOSE not to work today. You HAVE TO.

[@noreenn6976]

If he applies online to Publix, then stop in and speak with the store manager.

[@diy5729]

Alot of these "winners" now mooch off their parents by living with them in their 55+ older communities. Here in NJ and in most places, a house in a 55+ over community cannot do mortgage, has to be paid off in full at signing. So, you got adult children.....who dont want to work and are useless losers living with their retired parents. At some point the parents wont be around because you need at least ONE 55+ older person living in that place. If that person dies, you are most likely out. Place needs to be sold and you move out. Then the real fun starts because these adult-children will have to actually pay with their own money. Habits are expensive, and NJ in particular is expensive. Rents are at least $2000/month for even single bedroom apartment, and if these adult-children got money from selling their parents home they will be in a big surprise. Bidding on a house EVEN with cash is easy, but getting it not so easy. Assume that these losers actually win a cash bid? Well, NJ property taxes range from $2k-$20k/year and if not paid you are SOL.

[@mrwilliamwonder]

Most people who move to Florida bring all their cash down with them and don't need to work.

[@Marie-ts8rp]

Exactly & why I will never buy let alone rent in these 55+ places. Welfare mamas & papas w their stupid kids all over these places. Freeloaders breeding & living off govt! The noise, drama, drugs, slum & crime infest these places!! I would rather rent a non senior regular apt. Less kids and bullshit!!

[@BruceLee-xn3nn]

A 67 year old lady I work with has 2 sons and 2 grandsons living with her and not working.but SHE still is They're totally capable but just too lazy. I can give you several more examples but better for you to ask boomers if they have grown slackers mooching off of them. My 72 year old uncle did it to my grandparents until he was almost 40.

[@bigd2256]

I am in a 2.25% and want to move but don’t want to lose the rate

[@trainsandlocomotives]

Very good! I wouldn’t move ether

[@christopherhendricks4369]

Mortgage rates need to be kept high. Encourage saving money and bigger down payments.

[@jw6180]

Add high yield CDs and Savings to go with it.

[@jimshoe402]

@@jw6180 That's were the OLD park their money.The Gov burns them with 1% interest.Really what can they do then Stocks??😁😁😁

[@TomokoAbe_]

@@jw6180 Those 4% CD rates are long gone and dead. The economy is pure crap.

[@stub4488]

It's the opposite! This is upside down world.

[@christopherhendricks4369]

@@TomokoAbe_ idk what you are talking about. My savings accounts all earn close to 5%. I've seen 6 month CD rates at 5.25% to 6%

[@tommorningstar6373]

Great episode. Lafayette LA looks like America all right. Great to see all these places and looking forward to the whole tour.

[@taroman7100]

It looks slimy

[@jjred233]

@@taroman7100 Its like that everywhere in Southern Louisiana. The houses are affordable if you have a job outside the state, so like working in the Gulf. LoL.

[@JustMike2]

With surge pricing if you're driving from Dallas to ft worth, 30 miles, you can spend up to $80 in tolls. Along with the extreme property taxes, parts of the reason I left the state

[@frankmarsh1159]

We had a toll road in Georgia and when the road was paid off they said they were going to keep charging the toll . The people protested so they ended up demolishing the toll booths.

[@taroman7100]

OMG the property taxes in DFW are insane. I guess they want everyone out on the street. I have a friend who lives there, retired, born and raised. He has a nice house and one inherited from his mother. He is now paying nearly 10 grand in prop taxes!!! Poor people who own their homes it's like they're paying for it all over again. I was looking at a home in Lake St Louis. I could swing the price but the prop taxes were 3800$ a year. That comes around pretty damn fast!

[@FreeAmericanUSA]

That's nuts man!

[@richardknight7429]

Their tolls cost are insane, I live in Kansas but also lived in Dallas for a short while, traveled to Dallas & Houston last weekend and spent $80! Just for tolls! I have the NTTA tag but man, considering the amount of vehicles they charge per day, that is a crazy amount of return.

[@Luckoftheirish1]

@@taroman7100 we own a 3 bed, 2 bath home in NH and pay $6,700 a year for property tax. I wish we only had to pay $3,800 a year.

[@hoppeanofasgard1365]

I'm surprised any homes in that area are over 170k, let alone over 250k, prices are just so high for what you get anymore these days.

[@frankiemionetto]

Many people I believe are working "off the books" or "under the table" This is not a new phenomenon.

[@LA70S]

Fast food jobs were never meant to support families. They were always meant for highschool, college kids and housewives looking for part time work.

[@cindybogart6062]

Also , seniors

[@michaelkeeton2979]

No manufacturing jobs,is the problem. If we go to war China will have to supply us.

[@rustyschackleford5800]

Back in the day...now some towns have like a dozen fast food joints. Are there going to be enough kids around to staff them all, at minimum wage?

[@debrarussell1979]

According to who? Rich business owners fed you this line

[@lovly2cu725]

SO THEY NEED TO STOP WHINING ABOUT A LIVING WAGE

[@lukem3067]

In Utah I see inventory slowly starting to creep up. I see more DOM and I see more price reductions.

[@florakelly915]

Hi Michael, I wonder about those signs, hiring now, I don't think they are really hiring, they use the excuse, we are short handed, don't have enough people, etc etc. They just want me to be more patient.

[@1FXC]

This is how they fudge the numbers. You are considered unemployed as long as you are collecting Benefits. Once your benefits run out you are taken of the unemployed list.

[@lovly2cu725]

U R INVISIBLE

[@1FXC]

@@lovly2cu725 make the number work for them YES!

[@Jediknight91]

Inventory is not low. Corporations are sitting in millions of empty houses they baught with ppp.

[@doncameron5608]

My guess is 9-10% interest rate in 2024

[@sl123sl]

I don't think so... Will cause to much disruption in economy

[@trainsandlocomotives]

And more people will stay put. The people who are getting 7% will feel thankful and lucky like the people who have 3%.

[@HitsTownUSA]

@@trainsandlocomotivesThe higher the interest rate the less investment companies make which equates to layoffs and higher unemployment. That is the only way to curb inflation. Doesn’t matter what cushy rate a home owner has, no job=no money=eventual foreclosures.

[@jizzyjake6783]

Yeah I always figured some old banker came up with the "you can always refinance" and somehow it caught on with regular people haha

[@external9544]

Thanks for taking us along on your trip!!!

[@annagulaev]

You can't work 2 or 3 dairy queen jobs to get by. Each service industry job comes with a random-ass schedule. It's a myth that people work multiple such jobs. YOU CAN'T.

[@DIVISIONINCISION]

Yes, they can. One can be an unskilled labor position with fast-food, another could be house-keeping/landscaping and the third could be WFH over the internet. It took me all of 30 seconds to type that out, Anna.

[@ashdobbs]

@@DIVISIONINCISION from prom queen to Dairy Queen. life is tuff

[@AyyMari]

I know a handful of people looking for a job. They have each applied to hundreds of jobs in the past couple of months. Not one single call back

[@breadnaut3087]

You dont wait for someone to call you back. You call them. 40 times in a row till they hire you so you stop harassing them.

[@AyyMari]

@@breadnaut3087 super unrealistic. But if that’s what you’ve been successful at, props to you!

[@madalina335]

Michael, thank you so much for taking all of us along with you on your new adventures and on your summer vacay! 😎

[@Humble-Hermit]

I live in Oregon and what I see, people are becoming homeless in record speed. They have been demoralized and or dehumanized. A population of young adults seemed to have given up.

[@jaydeeare285]

Only in Portland.

[@rogerrocco5211]

Be careful for your safety! You are not used to walking around in areas where it’s dangerous because the locals are suspicious of a stranger walking around with a camera dressed in a tank top. The country has changed in the 15 years you have been in South Florida. I strongly suggest that you shoot your videos in areas where there are sidewalks and street lights!

[@JuancoPRoFlow]

He's a grown adult and knows what he's doing. If he wants to die let him die.

[@bobwright5557]

Yep, rates just back to normal. Get used to it folks. 8% will be a cheap rate in a couple years if things continue the way they are.

[@Cozydrone]

Michael,since I am living vicariously through you,I am not bringing my family on vacation.thank you!!lol 😂

[@bobwire9214]

Happy Trails, always enjoy the walks. Thanks for sharing your experience and knowledge.

[@Juliet875]

Yes, I also beleive Interest Rates will be higher for some time. Should have never been so low to begin with. Hope to never see that again. Happy Saturday Michael and Thank You!

[@DIVISIONINCISION]

Louisiana is a state that saw property depreciation during the pandemic. People are leaving the state.

[@s99614]

Why are people leaving?

[@Steven_Will]

.

[@charnamosely372]

@@s99614no one is leaving

[@DIVISIONINCISION]

@@s99614 Humidity, lack of jobs, the culture? There's nothing about Louisiana that appeals to me and I'm only next door in Texas.

[@stevefournier6375]

You Nailed it, on high rates and refinance, they F tell you, gotta have equity in existing home or lots of cash.

[@stevegiblin270]

Wow! This country is screw I am going to vote for Trump or Desantis?😊

[@sunyoungwheeler1857]

No DeSantis. He is Bush lil puppet 😢.

[@nangua8747]

Trump for 200% sure.

[@Steven_Will]

I'll take either one over this administration

[@user-Jab1000]

Your vote doesn't count. These folks are selected based on the plan the powers to be have for all of us, and not taking just in the US.

[@carriemunnick9980]

I'm a housewife. I kinda do a few things to help out our business, but mostly, I just do housework, shopping, kids, animals, laundry, vacation preparation, all appointments, etc. I make as much as my husband doing that. We split the income. He works a lot harder than me, but I work longer hours. It balances out. I am considered unemployed.

[@CHMichael]

Hire yourself as a the "house manager " and pay yourself a salary. Don't forget to make these SS payments.

[@bumblebay9559]

😂😂

[@pysq8]

You guys should consider putting you on the payroll.

[@jdenino6022]

I was a house wife for over ten years. I then became disabled for real with back issues/ spinal stenosis. Because I was a housewife i was not eligible for SSDI. I wish I had known that bc I would have gotten a p/t job. It doesn’t pay to stay home with out getting paid a real salary.

[@adriaba790]

You"just"do housework? Really? Raising kids and housework is a real challenging 24/7 job with no weekends,no vacation, no bonuses,no health insurance!!!! Get on the business's payroll!!!!

[@annagulaev]

@2:50 car vanishes as it passes through your head.

[@matthewjames1172]

re-financing won't be possible...regardless of equity...and loans against fully owned properties won't be given out...just like 2012. cash will once again be king.

[@drew8979]

Refinancing to a 15 year 2.125 during the plandemic was the best financial decision i've ever made.

[@werebreakingfree236]

im @2.5 and im 2 years ahead of of the payments. and yes on principle payments. ive shifted to loading up the 401k now. my remaining payments are just about equal to time left to work. just under 10 years. they will carry me out of this house feet first. before i give up this rate

[@gregspeth7910]

Congratulations.

[@sunnygirl9691]

Our ridiculous tolls just from the northern suburbs into Charlotte,NC can be as high as $20+ one way. This was supposed to help with traffic 🧐. It didn’t.

[@tonytiger9020]

You also have to remember that we have about 45 million illegals in this country so most likely the majority of them are working too.. I know the government keeps saying there's 11 million illegals in this country but that number was supposedly 25 years ago lol.

[@ld9044]

I totally loved the vanishing car. 😂 2:54

[@gailbarejka77]

Thanks for your honesty.. agree with you completely… all this nonsense about interest rates coming down is pure folly.. rates are going to stay high and so are our real estate prices..fact..l also wonder…what are all these people “not working” doing ? Do they live in a culvert or in dumpsters ? If not working, how do they eat ? How do they take care of families ? I find it baffling…

[@royaltylordprinceshamiyah1229]

WE BEEN IN A RECESSION SINCE 2022….LATE 2018 GOING INTO 2019 WAS THE START OF THE FALL.

[@ismardidic3505]

Michel ❤ God bless you and your family

[@Norm475]

How are the people surviving that are not working? 1. They managed to sign up for disability, it is not that hard. 2. They are living with their parents. 3. They are still living off of savings or stimulus money. 4 They are working for cash, if you are not married or have kids it isn't hard to pick up enough money to support yourself. 4. If you are a female, get pregnant and it will open up a whole plethora of federal programs for her and the baby, also if the father has any money the state will get it for her. 5. Sell drugs, steal, and do other illegal or unethical activities.

[@stellasampson572]

Making money from starting a KZbin channel is also happening.

[@stub4488]

I see why guys want to be women now!

[@pellegar]

Regarding people who "sign up for disability", you must be DISABLED which means you have physical or mental impairments, or a combination ones, which keep you from working full-time. Unemployed people can't just "sign up" - they must prove they're disabled.

[@mrwilliamwonder]

Are you jealous?

[@BruceLee-xn3nn]

Living off of working boomers. A 67 year old lady at my job has her 2 sons in their 40s and 2 grandsons 19 ,17 living with her and she's only one working. All 4 of them are capable of working but just to damn lazy. It's more common than you realize.

[@lawyer1165]

I love data from real estate agents and companies. Whenever I’m shopping for a house, I want to know whether houses are selling for asking price or above/below asking price. My agent typically has provided a printout of houses showing the asking price, the sale price, and a percentage. For example, the asking price was $100,000, the sale price was $95,000, and the percentage of asking price was 95%. What’s always missing from the printout is the original asking price (for example, $200,000), which greatly changes the percentage of asking price. I think this type of data manipulation borders on fraud, but the real estate industry is a powerful lobby.

[@lovly2cu725]

I SEARCH DAILY & KEEP TRACK OF IT

[@thomasallen6980]

Something tells me you save bread ties in little baggies labeled by color. How long did it take you to train your wife to deal with your being so anal retentive?

[@TheTurdballs420]

Great video! I’m calling it now, mortgage rates will be over 9% by December. Watch and see

[@undergroundwoman6196]

I will tell you how: they live off your taxes. I see those people everywhere.

[@CannabisCrone]

Just love your videos! So interesting to this old Nova Scotian 😀

[@careerwelder84]

There should be a limit on how much property a company or individual can own to curb greed.

[@stevegiblin270]

Thanks for branching out and getting me a education on housing!😅😮

[@azmike3572]

At 2:50 that SUV beside you went right into another dimension--scary! 😊

[@s99614]

If you think those tolls are expensive, try crossing the Verrazzano-Narrows Bridge.

[@thumpersquid]

I know people who drive for the Amish. Lots in my area and pay cash. If you own a trailer, you can make as much as you're willing to drive. It's amazing how much these people travel.

[@kagnewcobra5228]

Fact. I personally know people who "haul the Amish" and they tell me they make more than they did working .

[@BruceLee-xn3nn]

Ethridge, Tennessee they do that

[@Cormier21]

That area of Lafayette has gone downhill over the last few years. All the development is on the south side and the Broussard and Youngsville area

[@azmike3572]

You being a stranger there, I thought that stereotypical southern sheriff (from the '70 Dodge series of commercials) was going to pull in behind you, get out of the car and say, "Yo' in a heap 'a trouble, boeh!"

[@skiffman10]

Rates are in the mid 7s as of most of last week. We had a 80bps spike pushing them beyond the midpoint and that is good credit, etc.

[@Eyeris625]

Thank you😀 Interesting.. it seems that Louisiana does not have palm trees

[@ByDesign333]

A lot of younger folks...talking well into their thirties included...are in their parents basement, like a realtor friend who helped me sell a flip property I had. He bought himself a fixer-upper, but can't earn enough to fix it up for years now of wanting to. To my mind, this is being engineered big time....over our heads. Nest Eggers are in trouble too it seems.

[@user-Jab1000]

Totally engineered. The whole thing: inflation, shortages, high rates, etc. Feb/Mar 2020 also engineered to be the beginning of the end.

[@FamousWolfe]

There's absolutely zero way in hell this isn't engineered. The migrants flooding our borders, the plandemic which bankrupted our country even further and set us back two years, the lack of housing which drives up prices even further...this was all planned and will end with everyone "owning nothing and being happy" courtesy of the WEF

[@anng4665]

There are untold numbers of young men in their thirties still living with parents who are on the Asperger’s spectrum. Gee, I wonder how so many otherwise healthy young men from this generation ended up with it.🤔

[@Jeannified]

Cool that you are in Lafayette, LA! Enjoyed your walk through this quiet, unassuming neighborhood.

[@slamphilos6979]

With the way things are if people think they can retire regardless of income/net worth they are fooling themselves.

[@petersheenan4482]

It is scary with all the uncertainty and inflation coming down the pipe. I'm retired, but wary if my saving and social security will be enough.

[@diy5729]

@@petersheenan4482 Its save AND preserve. Couponing, re-using stuff, cutting out useless expenses, selling stuff you no longer need.

[@jerad4336]

In some areas prices will come down and in other areas prices will go up.

[@Dohair879]

When I lived in Orlando my toll bill was $100+ a month.

[@Anglophile2012]

Interest rates above 10% are likely coming

[@user-Jab1000]

Yes, count on it. They want us all depending on the govt. We will not own anything, not just a house.

[@TheHeartful1]

Right on! I work part time at Cracker Barrel. I know some that are working at least 2 jobs to support themselves. It's hard to get full time work at the restaurants especially. 😿

[@1powerequalsgod]

The unemployed population in my estimates is high but at the same time. There is allot of business owners not classified as employees, retirees, farmers, young people under age 18, gig workers, military contractors, musicians, and self employed.

[@lidam]

I don’t see any value giving commission to buyers agent or even sellers agent unless it’s more than .5 percent.

[@naoumhalamoutis1960]

The roads should be free. I noticed a lot of new revenue generating toll booths. We pay road tax every year and yet our roads are still the shit.

[@kevinpratt-ge5ye]

How is the Florida housing market react to the governors new law. Will only the rental part be affected?

[@rogerpatterson7106]

Society needs to come back to reality

[@betsyr4724]

Wow. LA. Maybe you take your walk at 8 am when everybody is still asleep.

[@61zulu61]

Mike, have you talk to someone in Florida who manages to get unemployment. Listen to what they are requied to do every week to keep getting unemployment. You must document everything you do for that week showing your looking for a job,and that includes resume, face-to-face interview, and feedback on every job you applied for phone # and the person you talk to, they will drop you with no pay

[@breadnaut3087]

And thats how it should be in every state.

[@petertosh4748]

​@@breadnaut3087exactly

[@sl123sl]

Inflation is inevitable with all this corruption

[@jessycalarson1862]

I hope Colorado is on your road trip list! Would love to hear your thoughts on the market there

[@mr.isaiah1275]

I think they raise rates 2 more times this year (per the FED). Them hold them stagnant. This is stopping sellers from selling and causing a shortage…house prices will not be dropping. Unless they’re 900k+. But the houses at the bottom of the barrel 550k- will still remain in bidding wars.

[@user-Jab1000]

The prices started to come down. I just looked up my home value and it dropped 5% in the last 2 weeks. Homes are selling for lower prices and the new listings prices have come down.

[@countryliving2022]

If the 900+ homes come down so will the others to some degree. Maybe just not as much. In my opinion anyhow.

[@sl123sl]

Fighting inflation w rate hikes is like fighting a 5 alarm fire w a garden hose

[@mr.isaiah1275]

@@user-Jab1000 maybe it’s different in the market I’m in. In South Florida prices have actually been climbing & stagnant for the most part. Where are you from ??

[@mr.isaiah1275]

@@countryliving2022 we disagree on that front bud. I don’t see the houses on the lower end of the spectrum declining much in the future. Inventory is pretty much nonexistent down here.

[@jhall2264]

A good chunk of those non-working Americans can be attributed to stay-at-home spouses of single-income households. That is not enough to explain everything though.

[@crypto_que]

You have to choose between being stuck in your home, or causing the mass exodus. I really like this.

[@rudyubaldo8793]

SOME SELLERS ARE STARTING TO SELL AT A LOSS!! THINGS ARE GETTING CRAZY!!! THE CRASH IS HERE!!!😊

[@alrxandersmiths242]

Still in bidding wars here and interest rates haven’t even gone down yet. Most people are gunna sit on there homes/investments due to crappy inter rate which will keep supply down people keep claiming air bnb crash will fix market and that’s laughable as those people will just rent out or sell for profit but more than likely won’t be huge flood in most markets

[@billiondollardan]

The Columbus, Ohio area is still booming. One of my employees listed their house above what even this inflated market suggested and sold in less than 24 hours. One of my patients who is a realtor said homes are still selling for 30-50k above asking in many cases. It's disgusting. I want a correction so my kids have a chance some day.

[@samuelherkimer8253]

Ohio is cheap compared to the rest of the USA. So is Pennsylvania so I’m buying pa properties as fast as I can

[@jizzyjake6783]

Shiiiiit even billionaire kids are struggling?

[@davidh8293]

Most of the US is still a sellers market

[@shanerogers9386]

@@samuelherkimer8253prepare to be a target of you hoard homes

[@Userxyz-z2d]

Lots of areas are lowering prices. A lot of sellers want to cash out & kno that the rates arent coming down so not many motivated buyers out there, unless they are cheap compared to other states.

[@SylviaAndrews-ou5xm]

My bf is in a working age group but is disabled from a brain injury. He was a hard worker for decades before this happened. So his income now is from social security. Regarding the turnpikes, I never even heard of a turnpike until this yr driving through Oklahoma. Watch out going through Oklahoma. I don’t think you have to worry about anything in Texas, New Mexico & AZ

[@davidmann2524]

A lot of people with inheritances or collecting unearned income in various forms like rent and stocks. Lot of disabled as well, but disability pays like 1500 median and there’s no SS on top when you reach retirement.

[@JesseDavis7373]

I’ve been to Lafayette. My wife and I attended a concert there: Fabio Bidini with the Lafayette symphony. What a performance it was!

[@briom1425]

A 2 bedroom condo in San Diego cost over 500.000

[@1984diva]

I think It is the newer age generation of workers who are not working. Their parents and loved ones are supporting them and they are living at home. The newer generation of society is not able to navigate adult life in this world because they have been too spoiled by their parents and technology. It is an extreme mental shock when they get out there and have to deal with real life. They are not prepared.

[@epicmomentsphotography6181]

If you make a stop here in Phoenix, I'll even let you buy lunch! 🤣🤣

[@brockreynolds870]

These rates are NOT HIGH. they are normal rates. The rates have just been shockingly, abnormally low for the last 20 years. It's about time it corrected itself. You want high rates, go back to 1982..... take today's rates and DOUBLE IT.

[@MrRay160]

Houses were a lot cheaper in the 80

[@brockreynolds870]

@@MrRay160 And our paychecks were a lot less.

[@taroman7100]

I would LOVE LOVE LOVE to go back to 1982. I met the love of my life!

[@derekbutts2660]

Your dollar buys a whole lot less than then.

[@jonathantaylor6926]

@@brockreynolds870 Yes incomes were lower too but as a percentage of income, home prices are much more expensive today. My parents paid 160K for their house in 1988. Adjusted for inflation the house would be worth $420,000 but its worth closer to 800K if it were to go on the market today.

[@samsungtom2274]

Companies lying is the norm now. This is a result of university teaching, how sad for humanity.....

[@Mars_Life_and_Beings]

Michael, I am also an independent contractor and it's easy to lose touch with the workplace. I went to Boston yesterday and assure you people are working. The commuter rail parking lots were a little fuller than 25 years ago. So adding remote work today, there are more people working.

[@mikedentler8996]

2 more rate hikes this yr guaranteed 4 next yr

[@petertosh4748]

Bring on the pain. It must be done

[@grannybird7365]

So grateful that our California freeways are free ways.