Home Depot is having big problems.

[@ReventureConsulting]

Only 3 years where Home Depot's annual revenues have ever declined: 2009. 2010. and 2024. Watch out for the decline in active housing units under construction, referenced at 1:50. This is starting to pick up steam and will lead to construction layoffs in the next 6 months.

[@primecash144]

When we have construction sector job layoffs, the recession 📉 will officially start.

[@billyjoesmo8251]

​. Travel restaurant Hotel entertainment factors always indicate a downturn and they/we are experiencing it right now😢

[@VenturaIT]

This video talks about what I keep saying about the illegals taking up all the inventory and setting the market price. How to Buy a Rental Property With NO Money - Ken McElroy They are splitting up empty former AirBNB on Pad Split website and getting a 2-4 x more rental by renting out each room one at a time and they mentioned several times how they are focusing on housing illegals for their rentals.

[@Chicago48]

If Kamala gets in office she wants to build 3 Million homes. That should be good news to home builders.

[@Chicago48]

My Home Depot has decreased the number of workers. You hardly see anyone on the floor anymore.

[@jerrycampbell-ut9yf]

Because so many people overpaid for homes during a period when interest rates were low, I believe there will be a housing crisis because these people are in debt. If housing prices continue to fall and, for whatever reason, they can no longer afford the house and it goes into foreclosure, they will have no equity because they will not make any money if they sell. I feel that many people will be affected by this, especially given the predicted mass layoffs and fast rising living costs.

[@larrypaul-cw9nk]

I recommend investing in shares to balance out your real estate assets. Even the toughest recessions can give wonderful purchasing opportunities if you are prudent. Furthermore, volatility can create wonderful short-term buy and sell opportunities. Although this is not financial advise, you should buy right now because money isn't king right now!

[@Peterl4290]

You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.

[@sabastinenoah]

Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take.

[@Peterl4290]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.

[@nicolasbenson009]

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[@BridgetMiller-]

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

[@berniceburgos-]

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

[@tatianastarcic]

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

[@Michaelparker12]

this is all new to me, where do I find a fiduciary, can you recommend any?

[@tatianastarcic]

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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@leondonald]

I'm in Michigan, and the housing market here over the past 7-8 years has been unprecedented. Houses that were purchased for $130K in 2015 are now going for $590K. These are tiny, poorly constructed 950-square-foot homes in quiet, mediocre neighborhoods. Meanwhile, nicer, average-sized homes in better neighborhoods that were over $300K a decade ago are now selling for $750K+. It's wild.

[@Robert_Seaman]

A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@Walter_hill_]

I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.

[@Trevor_Morrow_LTD]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@Walter_hill_]

The decision on when to pick an Adviser is a very personal one. I take guidance from Vivian Jean Wilhelm to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@Trevor_Morrow_LTD]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@DonaldMark-ne7se]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@kevinmarten]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@JacquelinePerrira]

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

[@Jamessmith-12]

Mind if I ask you to recommend this particular coach you using their service?

[@JacquelinePerrira]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@Jamessmith-12]

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

[@Markham12thcentury]

$40.00 per sheet of plywood is why this is happening.

[@WoodgemanX]

Six dollars for 3/4" street 45° copper fitting. Price gouging, $3.98 at Lowes, still too high.

[@asons13]

$13 for some plain jane 1/2 comp. angle stops at lowes. Couldn't believe it

[@jayburris6252]

There’s no gouging.

[@GeneCAu]

People voted for Biden and expect good things .

[@orborn3580]

@@jayburris6252truth. I worked for Home Depot for 10 yrs. Consumers would be shocked to know how narrow profit margins actually are… people are clueless and always assume big box retailers are sticking it to them. Clothing and furniture has a bigger profit margin than home improvement materials.

[@gingerkilkus]

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

[@fadhshf]

Buy now, home prices will not go lower. If rates drop, you can refinance

[@leojack9090]

The government will have no choice but to print more notes and lower interest rates.

[@hasede-lg9hj]

Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 3 years now, amassing nearly $1m in return on investments.

[@lowcostfresh2266]

this is quite huge! what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@hasede-lg9hj]

Finding financial advisors like Annette Marie Holt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@douga9253]

This is all extremely simple, middle income, Americans making between 65 and 90,000 a year cannot afford a $450,000 house and an $85,000 car. Not gonna happen!

[@RoseanneSeason7]

Those people are already in houses making mortgage payments

[@bukboefidun9096]

Sadly they are now lower middle class.

[@jfreedom4290]

American went to Rich and Poor no middle Class!

[@JM-kn9dh]

@@RoseanneSeason7lol no. Many of them are millennials and gen z who got priced out before they had a chance

[@jinsu0504]

Wow 85k car? Thats not a smart financial decision. You can buy a camry for 32k lol

[@davidorellana6278]

Why do people say” pandemic savings “ we got like 2k while a lot of people couldn’t work and needed that money to eat , that money was gone during the pandemic , there never was “savings”

[@pmscalisi]

That was also four years ago.😂

[@trina2100]

Alot of people got way more than that. I know several ppl who took advantage of the PPP loans at a minimum of $10k. The gov't was basically giving away free money no questions asked back then.

[@tommatthews9341]

IKR! That money was spent almost as soon as it came in! On Rent, light and gas bills!

[@danielk6878]

We have already repaid all that money back and then some and still paying. That was all such a scam. But hey let's vote for the same people again

[@MrKillswitch88]

There is a lot of comfortable and wealthy people who's mindsets date back from decades back acting like $2k would allow people to not work for years at a time. A gallon of gas isn't a nickle anymore and neither is a coke but they sure do act like it is in the 2020s.

[@Ray96744]

We also just found out that we’ve lost almost 1 million jobs and no new jobs in the last two years evening including part-time jobs. We are in huge trouble and they have been lying to us.

[@SomeUserNameBlahBlah]

Jobs report was corrected today by removing 800k jobs.

[@5dc61]

Agree, a 27% revision was not a mistake.

[@gregorylyon1004]

The stock market is rigged. Especially with this many job losses

[@wmejia4122]

Starting to look like it's all part of a plan.

[@pmscalisi]

Welcome to modern politics 😂

[@ChloeCarter-kd7gz]

I'm eagerly anticipating a potential housing crisis to make affordable purchases after selling some properties in 2025. I'm also thinking about investing in stocks as a backup plan. Any advice on the best timing for these investments? I've seen substantial trading profits, but there are worries about the market's instability and the possibility of a dead cat bounce. Can you explain why this market phenomenon happens?

[@EricaWaters-lr6zw]

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

[@LeahLewis-ny9iu]

You're not making mistakes; you just don't have the know-how to profit in a tough market. In such challenging times, only highly experienced individuals who went through the 2008 financial crisis can anticipate making significant profits.

[@OliverLiam-px3vx]

Lately, I've been thinking about reaching out to consultants for advice. I'm at a stage where I could benefit from some guidance, but I'm uncertain if their services would truly be beneficial.

[@LeahLewis-ny9iu]

Desiree Ruth Hoffman, my CFA, is well-respected in her field. I suggest delving deeper into her qualifications. With her extensive experience, she serves as an invaluable asset for those seeking guidance in the financial market.

[@EricaWaters-lr6zw]

Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@markr478]

Shocking-- no one wants a 15$ quarter pounder or 11$ mcnuggets

[@lakelvp]

Or a $67 sheet of plywood

[@googleuser868]

Hardee's commercial pops up as I read these comments. Got a garden full of tomatoes, onions and peppers. Bought hamburger for 2.99 a pound on the July 4th sale. Got fresh bread on the kitchen counter... Hardee's... rotflmao

[@markr478]

Exactly...

[@mvc2177]

Bs i wouldn’t say no one. I still see dummies ordering at McDonalds drive through

[@you-to-beornot-to-be9629]

@@mvc2177 cause its now expensive but still the cheapist option..... 🤣🤣🤣

[@whitefearlytales]

Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place........

[@BigNate82]

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

[@mfmcintyre]

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

[@JasperMaartenHoutman]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

[@katiekilbo]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@MianHussnain-tu1wi]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@keithn4304]

I'm a contractor in Phoenix and go to various HD and Lowe's 3-4 times a week. They are BOTH way less busy than I've ever seen in 15+ years. Last week, I overheard some department clerks talking about their scheduled hours decreasing.

[@setfreemiss]

My son has worked for Denver's largest Home Depot for about 15 years. I just asked him and he said, "yeah, it's been really slow this summer."

[@lindylou3519]

Yes, I know Lowes has always cut hours this time of year. It slows down around mid July & all of August. Hours “usually” pick back up mid Sept. (they don’t tell the part time employees this when hired.)

[@lawrencefeldman462]

The reason for the slow store sales is folks are tapped out. Insurance for home and auto up 22%. No bucks left to improve or fix the house. Plus car payments at $800 a month.

[@keithharrold7262]

​@@lawrencefeldman462 Sounds affordable....

[@Ryyder64]

Also in PHX and our largest account is Panera. Several of them are running negative. Big yikes bro

[@teamground0229]

Reminds me when trying to sell our house in 2006. Started at 320, no movement. Blamed the realtor, who advised us to cut the price. We didn't listen, eventually cut to 310. Changed realtor, no movement. Rented it out, trying to ride things out. Tried selling again in 2010, lower prices. Finally sold in 2012 for 240. Kicked myself for not capitulating much earlier. Still gain on the house, but I was not operating in reality.

[@Michael-uy1tz]

Many restaurants are struggling. Something is bad with the economy

[@rightsdontcomewithpermits7073]

Good. People should learn to cook for themselves.❤

[@slipagent6]

Really they cant just give smaller portions with shitty service at double the price? Who would’ve thought..

[@vibunsor4614]

It's not something, everything is wrong with the economy. Let's go Trump 2024!!

[@jet4415]

@@vibunsor4614 NO!

[@dan-qe1tb]

Many restaurants are always struggling. More than half of restaurants and bars don't make it past two years, in good economies and bad. That's a historical fact.

[@gregorylyon1004]

The bull market is over. The greed and the pandemic are over. We have massive layoffs in almost every sector in America today.

[@bloodyblade916]

YOU WILL OWN NOTHING AND BE HAPPY ! If that doesn't wake people up nothing will !

[@kimmy722]

Ahhh! Yes! It must be the “joy” that the democrats are talking about ! 😂😂

[@philipnguyen3107]

Health is wealth. Real estate is location location location. What do you expect when real estate went up 50 percent in 3 years. The best forecast is if you still have a job?

[@Deaf.Creative.Artist]

I totally agree with you on this one, which I kept telling people "own nothing, be happy".

[@philipnguyen3107]

@@Deaf.Creative.Artist the law is simple you comes with nothing you leave with nothing.👍

[@Deaf.Creative.Artist]

@@philipnguyen3107: For your information, the law means nothing to me at all. In addition, know the difference between "wants" and "needs". Most of people are focused on "wants", instead of focusing on "needs". I prefer to focus on "needs" not "wants". By the way, you have no idea what you're talking about. I kept my friend company when he cried about no job, financial problem, and family issues. I'm going to say this to you right now... humanity extremely failed itself, even the world is already messed up, which nobody including you me and them won.

[@NoWay-u4z]

I will not shop at Home Depot, McDonald’s, Starbucks, or Wal-Mart. Still protesting the gen o cide. We built our home OURSELVES, so we don’t need to flip anything.

[@Fromer23]

Thanks for standing up against abortion

[@NoWay-u4z]

@@Fromer23 What a WEIRD reply,…and more reason to continue the boycotting.

[@Fromer23]

@@NoWay-u4z Sorry what genocide were you referring to if not the ongoing one in your own nation?

[@ElizabethMoore-k2h]

In my opinion, housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[@Anderson_313]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you're careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn't king at all in this time!

[@Millerj2450]

You are right! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above $450k in net profit across high dividend yield stocks, ETF and bonds.

[@lunaezj-e9b]

I have been thinking about how to grow my reserve by at least 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target.

[@Millerj2450]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck with “Jessica Lee Horst” for about five years now, and her performance has been consistently impressive.

[@robertfurguson2678]

Thanks for this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.

[@2chuck]

The first thing Consumers can cut when they are concerned are Discretionary Items. Bankruptcies in Chain Restaurants and empty McDonalds seems to be a sign of that. I think Travel is next with some Hotels, Car Rentals and Airlines already struggling. Cruise Lines are still busy, but they will probably be hit later this Winter and later, because people tend to book Travel way ahead. Shipping has been dropping and several Trucking Lines have already gone bankrupt, another ominous sign. Most Auto Makers won't cut their prices but their cars are sitting unsold. Used Car prices are declining. Like lots of others I've been holding off on expensive purchases out of necessity. This feels like the beginning of every Recession I've experienced, but this time is seems maybe a bit worse, or maybe I'm just more aware.

[@sissycarolina4863]

I know a trucker who just a few weeks ago told me that he had no assignments for two weeks. First time ever in his trucking career. He's been doing it for over 10 years now. He said in a year he is going to retire and get out of the business. He can see where this is all going.

[@BDUBB24]

We’ve traveled more this year than we have in a long time, that is coming to a halt, the prices for everything, especially food is outrageous. Planes are not full, except those going to airline hub airports, with a large chunk of those traveling being employees that don’t live in base. We just went to Belize and it was maybe 30% full both ways.

[@timothysullysullivan2571]

the longer the delay between downturns, the stronger the drop usually is. so we are set up for a BIG drop. not as bad as the prior crisis, but def a strong recession. it's already happening in most sectors, as noted here.

[@coolcatfunhouse]

A friend in Vegas has a construction company and said business is very slow.

[@joewoodchuck3824]

Every market has it's own dynamics.

[@MyLoganTreks]

In the FL Keys, Key West it is very slow also and Days On Market are the highest in Florida. Lots of inventory in hurricane season but not much is selling,

[@Michaelparker12]

The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!

[@Theodorebarba]

It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.

[@BridgetMiller-]

Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?

[@Kin-28-8]

For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.

[@Steven-u2u]

That's really interesting. My portfolio is getting smaller; how can I get in touch with your asset-coach?

[@Kin-28-8]

Her name is “Jessica Lee Horst” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@pxn748]

Part of their problem is their customer service sucks now and the employees no longer care, and I worked for them for 25 years!

[@georgiahomeboyy9855]

I see it. my hd has hired a bunch of Syrian migrant women barely speak English know nothing about building supplies

[@mikeallen7691]

Amen! Went in to HD dayton oh Saturday evening. All the registers Had been changed to self check out. Young employee was camped out by exit on her cell phone. Oblivious to older gentlemen Having problem checking his Items out. He finally had to ask Her for help. No one else at the registers. Had 4 employees walk past us without offering any assistance for the half hour we were shopping. Recently witnessed a department head And two employees at a menards Playing rock, paper, scissors. I stood there as the manager looked at me, after completion she asked what I needed. These businesses could start with cutting their workforce in half and Then maybe the other half would Start working instead of visiting with one another.

[@thomaspepper2201]

In the past you worked at your job, and If you chose to not perform YOU were discharged from your job. Now your hired to attend and pretend in your job and your paid. Bottom line this only shifts people to online sales, why, people are tired of disapointment at store front purchased and STUPID CLERKS who will tell you what you want. Poor service limited merch, and a gagle of stupid SENDS PEOPLE TO ONLINE STORE SHOPPING and the young are gobbling it up.with the older following at break speed. And I'm older and retired, my older friends are saying the same as me. Store front is dying.

[@MrElvis640]

A job is no longer guarantee of a comfortable life in the US. The Federal minimum wage is less than $8. if I was making that I wouldn't even bother to smile for customers.

[@lizrohme2232]

They raised their prices so high that of course they cannot meet last year’s numbers.

[@AirJordan23DCH]

Labor Department overstated the amount of jobs we have created, over 800,000 less jobs than reported nuts

[@jdarst100]

Ok 231,000 jobs created per month in the last year - 915,000 not 800,000 well that's 76,250 less jobs per month than what has been recorded according to new labor dept revision just released. So that gives us 1/3 less jobs than what was reported. or 154,000 per month not 231,000 per month. That's one hell of a miss. But yet the market still goes up. Something isn't right not sure what.

[@AirJordan23DCH]

@@jdarst100 it's a rigged market

[@jajsamurai]

@@jdarst100 central bank of japan backed off on raising interest rates to fight their horrible inflation. people in america are borrowing japanese yen at basically 0% interest rates, investing in the US stock market, and then its basically free money. this is propping up the us stock market. when the japanese central bank said they were going to raise interest rates just a % or two there was a huge crash in US stocks. they backed off on it, and stocks went back up. this market is based on DEBT and people just gambling this is gonna crash, HARD

[@Kevin-mk6jo]

Which means they were lying to you

[@gregorysagegreene]

By GAAP, if it was dollars instead of units, they'd be in prison.

[@sarawilliam696]

Back in 2007, during my time working in real estate, I witnessed people purchasing newly built homes from builders with the plan to sell them before the closing of escrow to another buyer for a profit. The crash hit hard and fast, and I vividly recall many of these units ending up foreclosed upon, with the builder's plastic still covering the carpets.

[@NoorJari406]

Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.

[@brucemichelle5689.]

The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

[@Justinmeyer1000]

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?

[@brucemichelle5689.]

Credits goes to "Aileen Gertrude Tippy’’ one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@Justinmeyer1000]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@angelojoseph6900]

Love your channel. Moved to Clearwater in August 2004 and seen the highs and lows in the market. Can’t wait to subscribe to Reventure when I’m ready to buy a home

[@Militantmind]

If a home builder is buying lumber from home depot they shouldn't be home building.

[@AquarianNomadic]

Warped and twisted is totally okay.

[@solskengroupllp2758]

WRONG. HD is cheaper than most lumber places for re modelers and contractors. It's a good gauge of the individual and the re-modeler. Home builders buy in huge bulk quantity. but there prices are not to much cheaper.

[@kendelmccarley]

@@solskengroupllp2758You must not shop around. Home Depot prices are higher than everybody else. I can go to a local mom and pop place for lower prices and better service. There’s no reason to make the drive into the city for overpriced big box chain stores.

[@AGC88ify]

I think their 3.6% is understated if they use revenue as their indicator. Keep in mind we have had massive price inflation year over year. So their revenue is inflated compared to unit sales. I have to believe they are selling a lot less in units.

[@bubbajones4522]

Good point.

[@KK-pm7ud]

the second quarter, Home Depot's foot traffic increased 1.1% vs. the year-ago period, an improvement from the 0.2% increase in Q1, according to retail expert. Visits in July eased 0.4% year over year, after jumping 4.3% in June.

[@fkoffytb]

@@KK-pm7ud I always have a problem with that bs about "traffic" because they dont really disclose exactly what it means in volume and products, for example, if you say ok, people is not hiring contractors because they are broke, that can cause more people buying more to try to do some self work, and because this is negative they spin off in to some bs about that, is not neccesary true and that people buying means they have more disponsable income to do "improvments". Is never something negative according to their bs numbers or bs story.

[@KK-pm7ud]

@@fkoffytb Traffic is a good statistic to look at. You can see that the increase in the quarter is driven by one month, so the question is what happened that month. I don't follow the company because it's not really a high alpha opportunity. However, if you wanted to look at it deeper, you can look at these statistics along with their same story sales growth and then read the commentary in the 10Qs and conference call transcripts. And from there make an educated guess on what is going on. It could be a weather issue.

[@fkoffytb]

@@KK-pm7ud sorry but is definetly a make up number, there is no correlation between good profits and traffic.

[@cm467]

That is actually good! Home Depot needs to deflate pricing on sheet rock, 2x4's, cement, etc. cement was $2.50/bag before the pandemic. Now it's 4.75/bag.... sheetrock was $8 today is $19.... these prices need to drop. Home Depot needs to cut prices ASAP. The recession will help with this. This is the first time in my life I approve of a good 2008-like recession.

[@orborn3580]

@@cm467 I worked for HD for 10 yrs. They do not price gouge. Profit margin is actually low on most things they sell. They attempt to make it up on volume.

[@Fromer23]

A business cannot deflate a price, it can only raise or lower it.

[@jacoblucas5117]

The prices are that high because our lovely federal government, has so much debt that their only choice now is to inflate the dollar to death the be able keep paying it. This administration is absolutely evil for normal people.

[@DEG1985]

I have many friends who work in construction and they tell me that work is very slow.

[@RoseanneSeason7]

Move to Arizona, Colorado or Nevada

[@BGRecon]

In the glass Industry and its slow all around too.

[@Viktor-ms8uj]

Thanks for the video! Please add year and month view functions to see the history

[@mutantryeff]

Recession? Or, depression? We are likely entering a deflationary period that will spiral out of control.

[@WillieFungo]

Good. Recessions are like forest fires. They clear out the old growth so new growth can get an opportunity

[@jeffanderson4971]

Depression!!

[@ryanallen5663]

No, they will print like there is no tomorrow! But it will all be used to bail out gvmt programs and fund spending. Hyperinflation will be most likely.

[@drewshubeck3000]

Stagflation. Just like the Obama years.

[@enthused7591]

I keep telling people, yes homes will be 65% cheaper in a year or 2, but unemployment will be so wildly high that nobody will be able to afford them or anything else. I lived through 2008 when homes here in central FL were $60,000 and nobody could afford them because foreclosures were on every corner, nobody had a job or any money and families of 5-6 were moving back in with their parents for 2-3 years. That was with 10% unemployment peaked in 2009. I foresee it being a lot worse this time because all the math is so much worse this time.

[@brokernicksassi]

The problem I’m seeing is that there are still some very uneducated, impatient buyers buying houses at these ridiculous prices. And then you’ll have a couple other houses on the market in that same area where that overpriced house was purchased thinking that they can get the same thing. I was just checking today in my area And that’s what I’ve noticed. Decline and then occasional purchases that just make you scratch your head. These people could be literally upside down and just a few months.

[@dbalton661balton9]

My local Home Depot in Maryland usually packed with contractors and this time I can count on one hand the number of contractors

[@pmscalisi]

What are all the Mexicans doing?

[@brahmaistrash.indiaisatoil5292]

​@@pmscalisithey work hard while you do is sit tight and open your racist big mouth

[@jayyi6657]

Like ur videos and it makes a lot of sense.. I've lived in Clearwater et St Pete since 2007.. and now up in NewPort Richey

[@enthused7591]

My neighbor here a couple miles from the beach on east coast of FL just listed their home for sale at $305k. It was $125k in 2020, built in 1979 1600 sq ft 3/2 with 1 car garage. Nice, updated home on a corner lot, but $280k-$300k is what it would have PEAKED at in 2023. Since then, inventory is up 1,500% and the homes with multiple 10+% price reductions represent roughly 60% of all homes listed. I'm watching to see what happens because I genuinely believe it's worth roughly $240k today and falling multiple percent per month as unemployment absolutely rockets up and overleveraged consumers lose their jobs and race for the exits all at the same time like they did in 2008, leading most people's equity to turn into an underwater situation. I think that home, and most homes in Florida will be worth 60% less next year as unemployment eclipses 2009's peak of 10%, meaning the housing market will crash considerably harder than 2008 as well.

[@regreg8521]

Keen observations!👍

[@thedesicoder6391]

lol. . it's a completely different story here in california.. In bay area all houses are going-up..

[@billyjoesmo8251]

2010 I almost bought a house in Florida for $110,000 one block from the ocean today's 400,000 tomorrow will be 110,000 again😢

[@degenviking6068]

Nice can’t wait to get those discounts ha ha bring it on recession time to make some wife changing money

[@RoseanneSeason7]

​@@degenviking6068that money won't save you from a home invasion

[@JackofHaulTrades]

Home Depot is still selling tools. They got me for $500 yesterday 😅

[@tommatthews9341]

RYOBI? Milwaukee, or Makita? 😆

[@JackofHaulTrades]

@@tommatthews9341 I only buy milwaukee for battery tools 😅

[@s99614]

The price of home improvement and repair is too damn high!

[@RoseanneSeason7]

Stop flipping crappy houses

[@jdarst100]

$500 a day for repair in labor only for 1 person handy man.

[@mattm9961]

Handyman way more useful then all these college educated desk jockey I think they're important being replaced by AI freaks

[@poormiserablesinner4600]

They have to pay for those 80 thousand dollar trucks

[@kelvinjimenez5767]

Very helpful I run a construction business and we are slow as shit it’s terrible

[@ralphseewald4069]

I don't believe I've ever seen a Home Depot parking lot as empty as the one in your video

[@enthused7591]

Do you live in Florida? Over the past 3-4 months, every retailer from Home Depot to Walmart is 75% less busy than they were last year. People are the poorest they've ever been relative to their cost of living in this nation's history and that's no exaggeration.

[@spadeespada9432]

Does driving by at 2 when closed count?

[@ralphseewald4069]

I live in Texas we have a lot of people moving here from California with their potato sacks full of money ​@@enthused7591

[@RoseanneSeason7]

​@@enthused7591bye bye middle class

[@Gmac_Greg_M]

@@enthused7591I call lies. At least near me in West Palm and even the case in Broward when I lived there Home Depot’s parking lots are always packed especially during the weekends.

[@josephzwielich2569]

First time on this site. I like it. No BS. Straight to the point. I’m in Jupiter FL and the market is strong. NY and NJ people cash out big and retire on the East coast. West coast is a different story Miami is going to be a nightmare soon condo have to be up to full reserve soon and assessments will break their backs. I’ll be keeping my eye on HD and Walmart in the future. Good job!

[@jeremyrainman]

I walked through a Lowes in Southern California a weekend or two ago... it was a ghost town compared to 1-2 years ago. I think I was only one of 5 total customers in the entire store at the time. I was there for about 30 minutes, virtually nobody there. I've never seen that before.

[@googleuser868]

Schools back in and we like to shop early to avoid crowds. Didn't expect the very light foot traffic at Lowes we saw last week. Nice to have the store to yourself but if it ain't profitable it won't be there long. Walmart after lunch was a completely different story. Plenty of customers but carts weren't overly full at checkout. Walgreens had a few but no madhouse rush by any means. We didn't buy much. Just basic necessities. Happy to at least be able to afford that.

[@sissycarolina4863]

Have you walked into a Home Depot and seen how expensive everything is. The other day I was in there and was shocked! A small piece of metal like $24. What? I am not surprised they are having problems. How can anyone shop there when their prices are way way way over the top. No one can afford to shop there. I hope they do go out of business and maybe someone else can come in and be more reasonable about their prices.

[@dklauf]

HD is like a morgue most weekdays. Florida has voted against their own interests for many years with crooks like Senator Scott.

[@tommatthews9341]

Home Depot gross profit margin is only around 33%. They aren't marking things up all that much. It's the wholesale cost of those goods that have gone way up!

[@dmoore8595]

Unfortunately it's like that all over. WM is only a little less and they don't have half the home repair inventory. Menards used to compete but I haven't been to one since I left Chicago for Texas in 2021.

[@Viracocha785]

Here come the Short Sale signs in front yards again.

[@williamwilson6499]

It’s just a gully.

[@SaveManWoman]

Won’t touch short sales, takes too long and at the end you get houses with pipes all stuck of cement flushes back to banks. Be very weary of going this route.

[@SomeUserNameBlahBlah]

No, banks will notify Wall Street prior to that so they can buy it up before anyone else gets a chance.

[@redtiger7268]

Banks are not going to short sale again, they learned their lesson last time. This go around they are going to first give them the option of a refi into a 40 year and if they don't take that then they are going to do a modified foreclosure. It is basically a short sale without being listed on the market to a bank insider. The banks already have private equity buyers lined up to buy roughly 100,000 units right now.

[@firestick4991]

Along with the media lies about the economy. It’s an election year, after all.

[@joannenixon9143]

Recession and Inflation already here. I go to restaurants and stores the people just aren't there and every day you see large corporations laying off employees by the thousands. Very scary time.

[@tomjones2348]

My wife and I have found ourselves going in there, finding what we're looking for, looking at the price, and leaving it there. I think Home Depot has been having lunch with the Realtors here...and passing around the same Hopium pipe.

[@ichibanxeo6447]

Yep let it rot. Same for fast food. Let them eat it.

[@bobwx1987]

Excellent analysis! I was in my Lowes this evening. You could fire cannon in there and not hurt anyone. I see signs like this everywhere. It's frustrating how my everyday experience regarding business activity and inflation doesn't track at all with official government and media reports on this stuff.

[@drewshubeck3000]

Home Depot's biggest problem is Amazon. You go into HD and they have higher prices and don't stock everything you need. When I do a project, I order most of what I need online then get the few items i forgot at HD.

[@5dc61]

100%. I end up buying only bolts and screws from HD.

[@SukiSays23]

I just commented the same thing prior to seeing this comment. Their prices are beyond ridiculous. I regularly ask my husband why anyone would pay $200 more for a light fixture from HD…. Maybe there’s a possibility the mom n pop stores will make a comeback. At least in small stores you get customer service. I sure hope so.

[@phreedomphile]

Earlier this year Financial Times reported that behind the scenes Amazon's suppliers have been scrambling and falling into bankruptcy with larger suppliers buying up the smaller ones. That likely translates into less price competition. Lower price competitor Temu has been steadily raising prices although representatives said in the not-too-distant future Temu foresees it will pull back on the US market.

[@RoseanneSeason7]

You have allot of faith in Amazon products

[@drewshubeck3000]

@@RoseanneSeason7 the same things HD sells.

[@HawaiiBlueMermaid]

You are so correct in your assessment. The rising home insurance and HOA fees are problematic as well. A lot of homes are overvalued. How can the market correct itself?

[@the_derpler]

Everyone went completely bonkers building up their homes when they were all working from home. Would make sense it slows down.

[@ElizabethDaniel-]

Stop waiting for the government to give job opportunities which are wasting much of your time when you can invest in digital marketing and live your dream life.

[@JoyWilliams-x9z]

I sympathize with many people who had no knowledge digital marketing because currently dollar is unstable and coin is taking over to be universal currency.

[@thomass.hancock6012]

However, working with a qualified financial advisor can help you make informed investment decisions and increase your chances of achieving your financial goals.

[@GraceAlexander-ve6mq]

An investment is a plan to put money to work today to obtain a greater amount of money in the future. It is also the primary way people save for major purchases or retirement. With stocks, bonds, real estate, or commodities, individuals can create a diversified portfolio.

[@CONFI_rh]

Protecting your capital is paramount. Losing your capital makes it much harder to make money, so prioritize preservation over growth. Remember, there are many investment opportunities (trains), but losing your money means missing the entire journey.

[@AlbertAdams-hp5gy]

However, collaborating with a seasoned financial advisor can empower you to make informed, strategic investment decisions, ultimately enhancing your prospects of realizing your financial aspirations and securing a brighter financial future.

[@sarasotamermaid]

I work in healthcare, I’m a nurse practitioner and I took a pay cut!!! Pretty darn significant one too, everyone thinks healthcare is recession proof…ha!

[@daleolson3506]

It is greed. The health care system is for profit only.

[@ThunderStruck94660]

Do you see people putting off procedures and visits to save money?

[@redtiger7268]

That is because you do not work on the administration side. The C level management never take a cut. Here in Texas a few of them even just gave themselves raises again.

[@darinthesecularspiritualist]

Healthcare industry just pushed vaxes... I avoid those people. I'm gratefully clean and pray for the jibbies

[@do-uc6xj]

It's recession resistant, because you have a job vs going without any income for a few months or a year.

[@phillipschaeffer9042]

Welcome to Florida! I have been watching your videos for years and have used it to be a successful Realtor here in Tarpon Springs. I recognize that Home Depot, it used to be a mad house!

[@katherinecornette5315]

❤Tarpon Springs!

[@GOPETSCOOTER]

been in the industrial warehouse industries for over 30 years and i have seen everything. Started seeing this over one year ago with warehouse construction starting to slow down real fast and know its dead. Nothing is happing these days.

[@Chicago48]

What city are you in? There's plenty of construction work in Chicago.

[@GOPETSCOOTER]

Travel the country

[@isaiahkovack3107]

They just started building another 1 this week where I live.

[@solskengroupllp2758]

Empty warehouses everywhere here in the south.

[@SheepAmongG.O.A.T]

Just bought a generator from Home Depot that's supposed to arrive on the 30th. Hopefully they can keep it together long enough for me to at least stress test it and make sure it's going to work.

[@reiaysyineh7710]

Considering the economic situation I ask,?? How can we save our families and friends from financial slavery. It's getting more scary how people are really suffering these days.I can't fold and watch people around me suffer.

[@NovakNovak-ni2zv]

impressive! how can I get your advisor please

[@elminerosudaka4800]

Her concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With her made a profit of over 28,863 dollar.

[@Joemicsjoe]

Thanks so much Sudaka, I will surely look her up with the mentioned app.

[@JerryHaparr]

This idea would be of help to many of us. Let's lift each other when we can. I currently don't have shelter and staying with a friend after losing our home

[@BRIFAR-eu7pi]

Sometimes we have to realize, the government is not going to tell you anything about investing your money? So we all have to learn this things for ourselves

[@SheepAmongG.O.A.T]

Olive Garden is disgusting. Ever since they changed their menus (basically cutting out what they couldn't cheapen), I had a taste of someone's chicken alfredo and I couldn't believe how bland it was. Like the alfredo sauce you buy in the jar at the grocery store is better. I think the salad and the breadsticks are the only thing keeping that place alive.

[@YouTubeCommunists]

Yep and the seed oil and motor oil the cook all their crap in

[@tonynoble189]

when your sales are down 5% and prices increases are up 5-8% it means actual product being moved is down double digits. Somehow that gets missed.

[@AlahuSnackbar]

Its far worse than anyone is reporting.

[@Superkaimon55]

I dont think people appreciate quite what happened with the carry trade unwind. All those sellers had buyers. Who bought? A bunch of folks who were previously short selling the market. There isnt a massive level lower where big money will sell barring a black swan event so that is basically the bottom. It may sound odd but now that those short sellers spent a bunch of capital buying those shares we are likely priced below where most people think we should be. It might take days, weeks, or possibly months before we have another big reversal. Barring major recession issues popping up that was the bottom. If we do hit a recession I could see us going back to April lows, but lower than that is likely off the table for the market as a whole.....currently I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Superkaimon55]

She's often interacts on Telegrams, using the user-name.

[@Superkaimon55]

@Lindawilburn

[@Conniemaher]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

[@79AdventureBaby]

Always backup your trading with a good strategy.

[@hollycarter3594]

Nice, I was just hodling before I found Wilburn. In my opinion she is the very best out there.

[@shawnnyp5686]

So what are they going to do about it? I have been saving money, and im not spending a dime.

[@christianverve5417]

Don't keep your money in the bank

[@shawnnyp5686]

@@christianverve5417 is there a chance of losing it?

[@elvirastewart4183]

Thanks for the recent updates Nick, helps us to be prepared for recent situation..Great highlighting all the charts..We can see the difference from previous years.We don't shop anymore at Home Depot,don't have any credit card at Home Depot was closed,we are saving right now,just have little maintenance done for our house.Ordered materials and pay Cash as possible,to avoid charges or fees..to save money.

[@cjjohnson3380]

Thanks for the breakdown, cause the media will have you feeling crazy or like you're the only one feeling like things are horrible.

[@karinaoliveira3988]

They are gaslighting the population

[@tobyk5149]

gaslighting media

[@jet4415]

I refreshed my kitchen in 2021. New stove, hood, refrigerator, backsplash, mostly bought at Home Depot or Lowe’s. I don’t need to do anything else to the home at this point especially using items that can be bought at these type of businesses. (Need new heating and air)

[@s99614]

You moved again? Do you keep a moving truck idling in the driveway, or something?

[@bikerjon8934]

😆

[@ddub2801]

Too much in store theft from contractors As well.

[@hiroyui9699]

Depression is underway, we are already in a recession.

[@TonyBraun]

......don't worry.........the Biden administration will avoid the Depression by changing the definition of the word......"depression". And thereby avoiding an economic catastrophe.

[@RoseanneSeason7]

Lol

[@corybuckle944]

Look around people are struggling. Expenses to take home income has never been more lopsided. I don't care what skewed numbers they present. ​@geocam2

[@TonyBraun]

@@geocam2 You got to focus on reality........ real numbers.....for a real world.

[@jdarst100]

If you already lost your job it is a depression.

[@CliffC-w8z]

Great driving / vlog videos man! 💯

[@maiquetiaLaGuaira]

*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️*

[@snonizupyyda]

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

[@JustinMontgomery-do5ns]

Thanks to my co-worker (Carson ) who suggested Ms Susan Jane Christy

[@JustinMontgomery-do5ns]

She's a licensed broker here in the states🇺🇸 and finance advisor.

[@SaadatHahner]

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

[@KateNorman-d6s]

Wow, that's nice. She makes you that much!! please. Is there a way to reach her services? I work 3 jobs and trying to pay off my debts for a while now, please help me.

[@AlbaluBM]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[@patriciahoward6152]

Waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… Big gratitude to Maria Frances Hanlon🙌

[@elizabethholman9154]

Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@jasongriffith2431]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Maria Frances Hanlon, has been an amazing experience.

[@emmybrown4031]

YES!!! That's exactly her name (Maria Frances Hanlon) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺

[@angelabrooks8189]

Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦‍♀️of myself because of low finance but I still believe in God

[@richardefriend]

Lowe's announced yesterday that they have the same issues and falling revenues.

[@trapmuzik6708]

they in a worse position than home depot

[@tomdonovan4842]

Insightful report

[@captainkirk8999]

just another sector being destroyed, nothing to see here...

[@bmoreblondie6301]

The home depot in my area is packed to the max 24/7 but 20 min down the road lowes is ghost town no matter the day or time idk how they stay open

[@BayPoodle]

No surprise! To replace two windows and a door it took 6 different contractors and 4 months! They need work on who they allow to work with them before sending them to customers homes! The price was 16k and they refused to give any discount for disrespect of our time.

[@DrRockso0]

I work for the big orange box for a decade. My theory. We were busier than we had ever been during COViD. People had nothing to do but work on their homes and do DIY projects. Now people are spending their money on vacations and fun stuff instead of working on their homes.

[@kurtleo3529]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@Elina_H]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@leonardives1991]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.

[@patricia_nura3378]

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

[@leonardives1991]

Jennafer Beaver Turner is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@patricia_nura3378]

Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.

[@jasonbaxter5502]

Come to homedepo store in Houston. Some times you can't even find a parking spot.

[@dgriffin6074]

I stopped shopping at Home Depot after buying an 33 gallon air compressor which is a piece of junk and a rolling table where all the ball bearings fell out on my garage floor when I tried to open the two drawers. I realized then that quality was not a high priority. The air compressor was repaired under warranty but I lost the use of it for six months (waiting for warranty repair approval, waiting for the parts AND waiting for the repair to be done).

[@5dc61]

I would have returned that crap and gotten my money back

[@SeanSukhu]

Thanks for the update I really appreciate i live in Orlando .

[@auggieoutdoors3325]

Went browsing for ceiling fans last Saturday at my local Home Depot and it was a ghost town. Pretty certain that the renovation boom started to fade in '22 after cash-out refi's collapsed.

[@JDdollars]

im w u on everything.sick of the lying to everyone about everything.thank u for making videos like this

[@deseosuho]

Single family home prices are definitely slower to decline relative to employment figures and the fed cycle than in 2008-09. We didn't hit the 0.7% unemployment increase above prior low benchmark until spring 2008, while home prices were already down double digit amounts by then. We hit the same unemployment bogie in June 2024. This business cycle downturn is less driven by residential real estate than it was during the GFC.

[@CutbankOutdoors]

Great report. I have noticed disturbing signs here in Pennsylvania as well. People losing jobs selling more homes than usual, University funding drop and almost ghost town on the commercial real-estate front. The "corrected" jobs data adds more fact to the suspicion of things becoming scary. The Fed and Wall Street had the same sense of denial in 2007-2008 (Henry Paulson speech on strong fundamentals). Politicians deny because they have no choice nothing loses elections like a tanked economy. I am worried.

[@DanO_DanO]

Two years ahead of the 2008 crash, housing inventory in Florida went off the charts. High-rise condominiums along the beaches could be seen for miles, most of the buildings were see through. In Miami, the supply of new condos that hit the market was enough to supply the market for ten years. An astute analyst could determine that something very bad was unfolding. The market today has the same sense of hysteria to it and Florida’s housing market exhibits the same signs of having peaked and beginning to crash. If one is looking to buy a home, wait it out. When Florida market corrects, it comes down by 50%. I say this as a person who bought a home in Florida in 2010. The market was frozen; potential buyers were terrified; people told me I was crazy to purchase a home in Florida. We sold 11 years later at 3X what we’d paid.

[@douglasthompson9482]

There is some truth to this story yet it depends where you live. In my case, things are booming and will continue,especially in road construction. This should be very solid for decades. My area is western Canada.

[@englundus]

Home Depot stock increased $3.19 today. However, I think A LOT of people are VERY worried about their futures. A lot of people don't have a dime to their name, and basically the banks own most people's cars and houses. And in Florida, homeowners insurance is a MAJOR concern right now.

[@snakeplissken3063]

Lots of people talk about local real estate markets, but Nick is the only one that goes there in person and walks the streets and even moves to the area so he can see everything first-hand and report it to us.

[@Highside713]

I was in my late 20's for the GFC and it crushed my savings, assets, and retirement planning. I am prepared this time and I'm salivating at the chance to buy assets cheap over the next 5 years. Unfortunately there will be difficult lessons learned by so many young people (20's-30's). Hopefully they will learn some valuable lessons that they can use later in their lives.

[@stevenap4594]

I said this same thing in 2006. Then the crash actually happened and I can tell you this: Absolutely NO ONE wanted real estate. People would buy a house and 3 months later they were underwater, more foreclosures would pop up, had to evict a tenant, lost a job, had reduced income, had a major medical emergency, hell, some people even had to finance a car at higher rates bc they wrecked their other one and it put them over the edge. The people who did have jobs were so overworked they made a rash decision to quit their job given how dysfunctional things had become. The people who did keep their jobs had to sacrifice their mental stability to battle through those dysfunctions. It was a DARK time. It wasn’t until 2012-2013 when everyone started feeling, “semi,” ok with buying a house/rental property. GFC felt like it was NEVER ENDING. So if you’re salivating at the thought of a recession: keep in mind that markets can remain irrational longer than you can remain solvent.

[@rolandthethompsongunner64]

I’m in the home remodeling and repair field and can definitely report things have hit a brick wall. Although why is just Home Depot having issues? Why isn’t Lowes or Ace Hardware reporting losses? Not to mention new home building hasn’t slowed. And most of those loans were secured before the interest hikes. There’s also a prediction of a housing surplus by 2025. I wouldn’t take all this information as accurate.

[@alexandermatrix3670]

Home Depot prices are very high and, as a brand, does not offer the quality it offered before. Many people find remedy in shopping for materials in local smaller stores.

[@RoseanneSeason7]

No they don't. They shop online

[@larrylucas5731]

Excellent information as always!

[@jeremyturner8682]

They have never allowed the mal investment to burn off. We have tons of businesses that should not be in business, but if they did that we would have had a depression.... which is where we are heading.

[@Real-lq4fc]

Welcome to Florida Nick! 🎉

[@a.a.p3254]

I went to Home Depot last week to replace my kitchen cabinet doors Mills pride it was $10,000 no thank you. Got a private guy seen his work as I’m a contractor $8,000. The party is over use to live there in the 90’s cheap fun now forget it. Hurricane season is coming and beach erosion is just around the corner.

[@steveb4748]

I just think a lot of people are not wasting money on junk these days. Home Depot’s quality has nose dived I feel. 2 years ago I ordered 5700 worth of wood to build a back deck and I refused it. They sent me like 4 straight boards and everything else was beyond warped and twisted.

[@danedouard]

Ron Paul predicted this

[@williamwilson6499]

Predicted the business cycle…what a genius.

[@danedouard]

@@williamwilson6499 wrong

[@bradstribling]

@@danedouard He’s been spot on for almost 40 years.

[@Jay-jayy-n9u]

@@bradstriblingyep and no one listened to this because he understood human greed

[@Guido_Sarducci007]

HD P/E still @ 24.xx compared to Lowes @19.xx. We will have to see if this differential changes!!

[@stevil.]

Where did you get your degree in economics “Trump university ! , record inflation was brought on not by a political agenda or party but by Corporate Greed, the facts are Big Oil corporations had higher profits than any time in history, 43% of price increases can be attributed to price gouging, House builders are ripping the buyers (us) off, low quality for double the price, a new build house that cost 279k in 2018/9 with a 2.99% now is being priced at 450k with a 7% interest rate, Basic economics not weaponized politics

[@pmscalisi]

😂😂😂😂😂😂😂