PROOF EVERYONE IS GOING BROKE!

At this point, we are being lied to every single day about how well the economy is doing, and you don't have to look very far for proof that simultaneously everyone is going broke. In fact, we can sum it all up just from looking at one FRED chart on the economy that proves this.
Need a Realtor? homeandmoney.com/michael/
======
Like My Sunglasses? Get a Pair s.click.aliexpress.com/e/_DFf...
======
I offer 1 on 1 calls, book one if you'd like!
michaelbordenaro.com/book-ser...
======
My Filming and Editing Equipment
michaelbordenaro.com/my-youtu...
======
Sign Up for My Email list and Get Weekly Video Updates in Your Inbox!
bit.ly/MBreminders
======
Get Cash Back on ALL your Internet Purchases!
www.rakuten.com/r/NIRVPL2?eei...
======
My Microphone (Lot of People Have Asked)
amzn.to/3Mhs2oz
Articles Mentioned in the Video
apple.news/AUAIwAiXGQAi5RQO3R...
apple.news/A8j6N84IsQzCcOp9w5...
apple.news/Ay9BpNDz7SzK7jD_wR...
#realestate #housingmarket #homeprices #housingmarketcrash
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on purchases you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support the channel! :)
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s KZbin channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, KZbin, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[@MichaelBordenaro]

NO MORE SLEEPING ON THE STREETS...Florida BANS HOMELESS CAMPING ! kzbin.info/www/bejne/iWPNd41pnpx8sJY

[@Nefertum1000]

Florida, is on spot! I believe the bigger picture is not homeless or a drug problem, but, what this government is allowing to weaken our country. There’s something brewing with wars, the Middle East, Russia and China which can cause major problems. The Roman Empire fell, let’s not forget history.

[@patde1264]

Give them a one way bus ticket to California !

[@electricaviationchannelvid7863]

Anything more than 0% interest is USURY…! It is a FIAT money…there should be no interest exploitation…

[@AnotherFaze4U]

I don't get it and never have. Why does the seller have to pay the buyers real estate agent?? Why doesn't the buyer pay their OWN real estate agent??

[@debrameyer1125]

There is so much money you have to spend not only to buy a home, but to take care of it. Most people don't consider insurance, property taxes etc. Michael, is buying a home worth it?

[@giberthayworth6059]

My dad drilled "if you cant pay for it in cash today, you cant afford it" and "if you have a loan on it, it isnt yours" into me growing up. Looking around, i always felt poor, but now, its starting to feel like hes saved my life.

[@MaseraSteve]

Wow Sounds exactly like my dad too, I kept this principle on myself too.. at 3rd world country. I felt so poor, when I compares it to the livestyle around my peers. But then again, the lines part from saving.. mine literally above 90% of majority, and Debt free!!! While those who love wasting money for mundane stuff, that can be reduced by making it at home? They ended up having less saving than I do.. they "imagine 1G of saving on their bank account.." wow, that kind of statement really opened my eye. I.e I plant a productive plants & made My own Private Cafe setup on backyard and made my own coffee & juice straight out of my own backyard obviously all by myself.. I saved me plenty of nonsense price markup.. $8 coffee? Bitch please!

[@che_guevara67]

your dad knew what he was talkin about..god bless him

[@ajdesmond9545]

👌👌👌👌👌

[@softaco3088]

All these people that have nice cars, house and thing, but is all loaned are the true Lower class in America.

[@voxintenebris6367]

Same here 'Ne'er a lender nae a borrower be'. In my late Grandfather's day, they bought houses for cash, hard to believe these days.

[@jwal3717]

Anyone who shops for groceries has to know we’re in trouble in this country.

[@louisvillaescusa]

I hate going to the store. It's like that old tale about putting the frog in the pot of cold water and, when you put it on the burner, it won't jump out because the increase is so gradual. I'm literally paying twice as much for many items than I was paying a couple of years ago. TWICE!

[@rosaliethomson805]

This was coming because of the climate crisis. We have the lowest amount of cows we have ever had. Prices of food will keep going up.

[@whois3581]

You can still eat very cheap and healthy if you know how to shop. People are addicted to sugars and chemicals though. And...conveeeeeeeenience.

[@aceyorba]

Not to mention all the massive increases on insurance policies.

[@desertsunset8025]

I agree . I shop at Costco and the prices are higher . Except for the rotesiri chicken, which is full of chemicals .

[@victoriahardin1560]

Back to Basics - eat at home, take your lunch, stay at home instead of running the streets/going out do your own hair, stop buying the throw away clothes, etc., stop comparing yourselves to people's fake lives.

[@johngatsby1473]

My wife makes us live like that. We rarely eat out and if we do we drink water and the young boys share a plate, have a hybrid vehicle and buy used clothes from thrift or goodwill. It doesn't embarrass me at all.

[@elpacho....9254]

Are you single?

[@sportluver98]

Even with that it’s still paycheck to paycheck.

[@quantumquestions5849]

stay locked up in home prison.

[@victoriahardin1560]

@@sportluver98 I'm back to basic as much as reasonable. I like to treat myself but I found cutting out extraneous expenses, I have more money left over, to carry over, to save. Look at the 100 Envelope or 52 Week savings methods. Start where you are, with what you can.

[@mkswagner]

I Stopped buying avocado oil dressing at Whole Foods. It was 10$ for a little bottle. Wal mart had it for 5$. It’s now gone up to 7.99$. I just stopped buying it and won’t anymore. Everyone should stop buying products that are hyper inflated. There is no need to charge that much. I’m boycotting so many over priced things.

[@amandadavenport1994]

In the UK Heinz Tomato Ketchup was up to £5 a bottle. I stopped buying it, so must have many others. Now everywhere has it at half the price. Manufacturers offer I guess!

[@bigneiltoo]

Don't stop eating quality products by using toxic products like Canola oil. The products are not hyper inflated. The value of the dollar went down because we paid people to stay home so they didn't catch sniffles.

[@MrTwade2006]

I agree with you. The stores stopped selling individual carrots and when I buy a bunch or pack they go bad fast. So now I just done add them to my salads anymore. There are other things that are way too expensive so I just stopped buying them. We can get along without a lot of things we think we must have.

[@bigneiltoo]

@@MrTwade2006 Sometimes I want to make deals with random shoppers. "Hey, you want to buy any Potatoes?" and then split a bag.

[@victoriamassey9830]

True, but we also want to stay health and healthy food is kind of expensive.. you'll pay for your health later if you don't

[@MikeTheMugger]

Property tax is proof that you will never really OWN your home. You will always be renting from Uncle Sam.

[@humanbeing5300]

property tax isn't paid to Uncle Sam, its paid to the local city/county/state and pays for schools and fire/police services. I agree that the tax system has problems but to think there will be no property taxes at all is delusional.

[@MikeTheMugger]

@@humanbeing5300 My bad, I Guess property taxes are okie dokie now. 🙃

[@candelariaw1668]

You never own anything. When you die you don’t take nothing with you!!!

[@Wr0ngW4y]

​​​​@@MikeTheMuggeri mean, yeah. sure its kinda cringe, but your not even renting from the government, a lien is them claiming your property to payback the tax debt you owe them, and even in eminent domain cases the city is forcibly buying the land from you not just straight up taking it. price you pay to participate in and benefit from the entirety of the US economy surrounding your plot of land thats also benefiting from being US soil. I should also mention that this is just one method for the state to get some cash, not a federally mandated thing, TX for example, has no state income tax, but every other tax is higher to compensate, so if you really hate property tax bitch to your state comptroller to get it banned lol.

[@tHebUm18]

@@humanbeing5300 Don't try to tell a libertarian facts. Next thing you might point out that with no police, they'd have to pay private security to not get instantly robbed; with no public schools, they'd have to pay for a private school; with no sewer/water, they'd have to pay someone to provide those to not get cholera from drinking their own contaminated water. And, at the end of the day, you end up with private entities you have to pay constantly--which is totally different than a gov't/taxes and better because... I dunno, they have profit margins so it's more expensive. The funniest part is most libertarians live in suburbs or rural areas where they're actually a net drain on tax coffers--literally taking handouts from more densely populated areas because providing services to spaced out areas requires ton more infrastructure (roads, water/sewer lines, electric lines, power use for large homes that don't share walls, etc.) per person supported.

[@truckeraccountant]

I am an accountant. I've talked to so many people taking loans just to pay the monthly bills in the last 2 months it's crazy! And they're employed full time!! It's GAME OVER, economy.

[@grazz7865]

Loans are not the answer. Instead of paying your creditors, you’re paying the bank-plus interest. Either way you’re paying

[@peternorthrup6274]

We just applied for a home equity loan. We have $350,000 In equity. After 1 hour on the phone I asked what the fees were. They a wanted $3500.00 just to barrow $50,000.00. Dollars of my money. I almost fell down. I'm not the smartest guy but there's no way I'm giving someone $3500.00 to barrow my own money. We have a nice home. We are leaving it the way it is. Unbelievable!!!! I guess some people think that's normal. Not us.

[@analyticalhabitrails9857]

Ppffffftt, they should've known better than to borrow a loan from THE BANKS!!!! 😂😂😂😂😂😂😂😂

[@scottstempmail9045]

Sucks to be poor.

[@grazz7865]

@@scottstempmail9045 unless you’re making a quarter of a million dollars a year, you fall in the poor category

[@nickthompson2023]

Everyone said it back in ‘08 when the banks were bailed out that they would make this happen again due to not being forced to learn any lessons and here we are.

[@billyturner9930]

They literally started doing the exact same thing that caused the housing crisis in 07 with the auto industry the next year. The exact same banks and loan companies too. If you look closely youll see way too many temporary plates around you. Thats the people who cant afford the first payment on their brand new 2024 they were forced to buy, because the banks wont loan on a car older than 3 years right now unless you make 120k and up and can easily afford the newer car.

[@user-zq8to3zr5y]

And if the common man or woman says we should’ve receive more money for our work, coworkers call him or her lazy.

[@chessmaster1115]

In 1987 the stock market crashed and we knew something would happen with economy and here we are.

[@marcrodriguez4830]

It comes down to individual responsibility. Blame your elected politicians. They keep printing and spending.

[@rgrateful]

I am a single Mom that always had a clunker car. It got me to work and thats all that matter. People have been surprised when they saw my car. I asked them, "What kind of car did you think I have?" And they have answered a luxury car😂😂😂😂. I have my coastal home in CA almost paid off. I never went on vacations but I live in a vacation town so I appreciate living next to the beach. 😊 My Father would tell me growing up, "If you cant pay cash then you cant afford it." Take care everyone!❤

[@snapman218]

Gross

[@tankeryankernomore6499]

I never made so much money in my life and yet I’ve never been poorer. Thank god I only have one human to feed

[@buddymoore6504]

then they try to say they don't tax the poor, tired of working so hard to feel like I am going backwards

[@kateslate]

I’m so glad that the internet exists so I don’t feel alone. I remember being 20 and being happy to earn $35k. It was tight, but I could afford an apartment, car insurance (I was able to buy my car without a loan-almost-30 me could never), and I was saving. Now I’m making twice that, have blown my savings making it through the Covid BS, and I’m drowning now worse than I could have ever imagined back then. I’ve gotta get out of Florida-housing is ridiculous-but it seems like it is everywhere. 😮‍💨

[@tankeryankernomore6499]

@@kateslate yes back in 2021 I sold my 200k home and bought 5 acres and a tiny home in Missouri. No mortgage, no water/sewer bill and property taxes are 50$ a year. Hoping to start a garden and some livestock soon as I can afford to get a well drilled. Living off rainwater at the moment. But getting out of that 30 year mortgage really was a blessing. I’m done using credit.

[@regularguyprepper2993]

Awesome. I actually just posted a comment here that I am considering doing something extremely similar to what you did.

[@tankeryankernomore6499]

@@regularguyprepper2993 best decision I’ve made in years. Aside from the ticks, the ozarks are awesome. Those prefab cabins you can find deals in a repo for under 10k sometimes they are half finished out. I went with nicer finishes but got maybe 45k wrapped up in my 560sqft prefab. Did most the work myself to save $$ Only thing I would have done different is build a basement to secure it on, but didn’t have the time or cash

[@rexmundi8154]

I’m a blue collar guy in Ky. The number of people I know who have $100,000 trucks and a $30,000 atv parked outside a $25,000 house is insane.

[@randyindvik1171]

That is tragic and hilarious at the same time.

[@keithlarsen7557]

A house for 25k?

[@rexmundi8154]

@@keithlarsen7557 There are a lot of "houses" in rural Kentucky that can be had pretty cheap. I’ve seen double wide trailers on an acre of land sell for $8000. But you need to lower your expectations of what a house is. Water will come from a cistern or well and the water quality greatly varies. There will be no fiber optic internet. Maybe no broadband at all. Heat will be from a wood stove. There will likely be no insulation in the house.

[@keithlarsen7557]

@@rexmundi8154 Alright, getting ready for my 8 hour commute. Home ownership, here I come!

[@nsh1980gmail]

@@keithlarsen7557sounds sweet! I park a $61,000 truck in front of my $490,000 south Florida 3/2 and there is a distinct lack of an ATV. Your Kentucky neighbors look smart enough to me!

[@nope589]

I work to pay bills nothing else after What a time to be alive 😮

[@kevinmacrae3162]

I don't hear the politicians complaining about how expensive it's becoming to live, funny that🤔

[@Humanridiots]

It gets tough. They will vote themselves a raise. That easy.

[@JMyoutube1]

Its a shame that the American dream of homeownership has become a nightmare.

[@cameronalexander359]

Home ownership isn't the American dream... its way loftier than something as basic as that.

[@healsgreat13]

That's why it's called a dream. You wake up to realise there is no home ownership.

[@muddyriverdogz]

Thats your government who has spent all your wealth.

[@RickRijuanaPro]

​@@healsgreat13That part. If you can't pay in full the interest ain't worth it IMO

[@cur244]

Best country in the world though

[@pristinedetailing5171]

My parents paid $12 for a cheeseburger at 5 guys. I refuse. I would rather go home and make a prison cook-up. Then pay that much for a damn cheeseburger.

[@MyJeffrey1970]

Yah 5 Guys is so expensive. I went last month in New Hampshire and was $20 for a burger , FF & Soda.

[@grazz7865]

Food, energy, utilities and transportation-they can charge as much as they want because they know we have no choice. “I’m not paying $12 for a cheeseburger!” “Fine, starve”. You can see how they have us all cornered.

[@Igor-xl4wz]

@@grazz7865 Nobody is forcing you to eat at Five Guys. Go to the grocery store and buy a pound of ground beef and cook your own.

[@grazz7865]

@@Igor-xl4wz I never eat at 5-guys unless I have decided to give up on life

[@mattblaircomedy]

$14 in az 😢

[@angiebaldwin6243]

I've worked hard my whole life. I taught my children that education is top priority. At age 42 cancer struck and everything I worked for I watched fall apart. Then 2 years later the pandemic happened. Now all I see in my children is anger and disspare. They can not afford a home for their families, working just to pay bills, and maybe some food. Not the life I saw for my babies and my grand babies. I never thought hard work and kindness would get me to homelessness, but it has.. We need each other more than ever.. God bless you all..

[@charleswhite3759]

join a catholic church it will help you

[@kimberlynhughes3658]

Do you think it would have been easier if you all had moved in together and pooled your resources? Can you guys still do that? Like rent a big house and the grandkids can share bedrooms even if they’re cousins?

[@keysersoze1537]

@@charleswhite3759you mean open a church

[@greggpaul8053]

I can't believe how many people 😳 think this economy is awesome, I bring home the same money as I did 15 years because of tax increases and everything is going way up,im broke and disgusted politicians and corporations giggling at us

[@kaylove7362]

Hmm sounds like slavery to me

[@bobs182]

Reagan, Bush and Trump gave big tax breaks to wealthy people. We just need to give large cash payments to wealthy people to help us even more.

[@Amungoon]

Nobody thinks it's awesome. It's only media organizations paid by billionaires that pretend it is. All of my friends from 27 to 35 are broke af

[@stevenwistort9903]

I live in a moble home and love it. Id live in a van for peace of mind if need be. I refuse to be a slave to the system. Enjoy life you all.😄

[@CalvinMorris-cf8jk]

the more you know the less you need. enjoy your freedom man.

[@truthseeker1959]

So did I, for 15 years. Then they planned on closing my MH park, so I sold and moved. All you need is a roof over your head in a safe area once you’re older and kids are grown.

[@debbiec6216]

@@CalvinMorris-cf8jk You are 100% correct !!!

[@ihave35cents95]

I have to have a large home or I’d go crazy

[@hcox1111]

Would you park your van down by the river?

[@joeimj6203]

Im living in my grandparents old 1903 farmhouse that I inherited in rural Tennessee. My property taxes are only 630.00 year. Insurance is 115.00 a month. I have nothing fancy. My refrigerator is 35 years old and my stove is from the 1980's. I don't care. I don't owe a penny and plan to keep it that way/ People gossip and say why would anybody want to live like that? It pisses me off. 'Im thinking who would want to live like they do. They are 500 or 600k into debt.

[@lucialuciferion6720]

I think it sounds lovely 🥰

[@baronvonhoughton]

Well done on inheriting a property and being smug about it. Great achievement.

[@CommoditySC]

@@baronvonhoughton Lol and can't even afford a new fridge.. how sad.

[@kennethwozniak3290]

@@baronvonhoughton How DARE you NOT have a relative leave you a large inheritance. 🙄 I'm happy joeimj6203 is living well today thanks to the hard work, investments, and sacrifice of others. Plus, throw in a lot of luck. joeimj6203's smug comments come across like a lottery winner telling all those who didn't win that they were just too stupid to pick the winning numbers.

[@Barnfind.]

Sad sounding life. Go nowhere, do the bare necessities, just exist

[@debrakraft4818]

It is good that we all are going broke together

[@Wayoutgurl]

😂

[@mr.lapineapple168]

“Broke together, STRONG!” 👊🏼👊🏼

[@kaylove7362]

We’re all in this together 🤡 😂

[@namejebus1227]

Speak for yourself I am a retired janitor doing just fine ty

[@claudinelola3894]

I will never go broke,I have GOD who still on HIS THRONE,he taught me how to manage what HE has given me.

[@TheErikBallew]

I feel like no matter how well I do. I'm not getting a head. I'm not hurting, but I'm definitely not flourishing.

[@snapman218]

It’s called the fed

[@jeffreyhinton8634]

Its also called malaise. A stagnet state of being. We had it w Jimmy Carter.

[@bigtrev761]

🇦🇺😎👍I work hard , own everything and I’m going broke. I’m sick of paying the corporate crooks off just to survive and I’m still going backwards . I don’t drink , smoke , do drugs , don’t date , don’t go out , don’t gamble and buy anything unnecessary . No credit cards , NOTHIN !…….WHATS GOING ON ?

[@MrDepodot7]

They got away with over taxing smokers, now all consumers are getting over taxed. First they came for me and everyone laughed, when they came for you it wasn't funny now was it.😂😂😂

[@bigtrev761]

@@MrDepodot7 🇦🇺😎👍No that’s one of the reasons I gave everything up years ago. It got too expensive. Eventually you get use to going without. Took a while

[@SanityIsland]

This is what socialism does. It hollows out every class but the elite.

[@Coral9win]

You should be thankful for that!

[@user-zr8oi1di4m]

If Corp would pay us cost of living increase annually and not stuff their fat pockets, the middle class might of had a chance. If the govt would of put a cap on rentals and get a handle of big pharma. Corp America is evil too!!!!

[@shado9300]

My wife and I pay everything in cash. We have broken away from the credit system. Dont need it. Can't tell you how much freedom and relief we've experienced.

[@j.g.007]

100% correct! Same here 😊❤

[@Cello69.]

I started that policy at home over a decade ago. It’s the only way to live.

[@stanleybarton]

By the grace of Our Lord, Jesus Christ, I’m in the same situation. The problem is I am saving 50% of my income; but I don’t have enough yet to purchase what I know I will need to be self sufficient enough to make it through the next economic crisis. Actually, I mean the next major financial depression.

[@paranoyd29906]

I've been like thaty entire life. As soon as I got my credit good I saw exactly how quickly u can fall into the trap. If I came by with cash I don't need it. Only reason for credit is to not overpay for s*** all the time, did a lot of that in my time also.

[@Adam-vs2in]

It won’t be that way long so enjoy that. Cash will be gone in a few years.

[@jenniferbond7073]

I’m in San Jose, California. He’s right, it’s nuts here on how expensive it is to live here. Rent for our 2 bed 1200 townhouse, is 3400! Utilities are nuts, gas is $7 a gallon, food is insane. A Big Mac meal here is $17…..I know that also has to do with the fast food wages being raised to $20, but the cost of business is nuts here so the cost of that Big Mac was already super crazy high. This is not sustainable. Something has got to give, right?

[@joshuarock4631]

My state passing laws to protect corporations everyday , Florida passed another anti theft law, Soo can we stop corporations stealing too?? My rent is 1800 a month for a studio and my job gave me a 2 dollar raise 12 hour? Really

[@appletherapy]

My bro did delivery services, car buying, and furnature delivery. He said 70% of people are doing financially horrible and that they're lying and putting up a face to not embarrass themselves. It's scary.

[@MegaBeanandCheese]

Scary and sad.

[@allenatkins2263]

So basically just like the US Government.

[@ISureDont]

I just don’t get why. What’s the point. If we’re all doing the same why try to make yourself look better. We all know it’s tough right now. We all know you can’t afford that stuff. Are you just lying to yourself?

[@difencrosby]

70%??? More like 95%

[@broncobra]

@@ISureDont I never tried to impress anyone else. I just did for me what I thought needed doing. I NEVER gave 2 shits about what anyone else thought?

[@operationretribution1263]

There are a lot of home buyers within the last 3 years that are furious because their mortgage payments have gone up. They failed to realize when property taxes & insurance goes up, their mortgage payment goes up.

[@amrice62]

Yes the taxes on the house he showed went from 9 to 24 k

[@PJ-yc2kb]

@@amrice62That only happens when a house is refinanced, when the deed is transferred or when you buy a house. Otherwise its a max of 3% per year rise. As for insruance. yeah, thats a G damn scam and that could bankrupt some. PS: also if you got an adjustable rate.

[@deep6301]

That's why when I negotiated my mortgage, I insisted that I pmy own insurance and taxes

[@InvestingWithAdamK]

@@deep6301You always pay your own taxes and insurance. If you have a mortgage asking to have that paid outside escrow costs you more. You paid more no matter if your mortgage officer explained it or not. If you pay your own taxes and insurance that is more risk to the wholesaler. They charge for that. Don’t kid yourself or misunderstand. Best thing you can do is pay it through escrow and stay on top of insurance to make sure doesn’t go up too much

[@danielhuntington2116]

To be candid...I believe even with 3 rate cuts...so many persons individual finances have been wrecked...so even with the rate cuts there is so much stress on everyone's finances...for instance who wants to buy a home at top level prices...still high interest rates...insurance rates spiraling....also with month over month inflation taking/continues to take a toll....I believe that we are in for a long slog of a gradual downturn....prices to slowly recede while unemployment ticks up. Hopefully unemployment does not totally pancake the economy!...also the genies been out of the bottle for so long it might be in the short term unfixable.🙏🙏🙏🙏....to answer your question about why don't they let it fix itself...it's political!!

[@welshie2007]

I used to feel that my sons should move out at 18 to be responsible men. My oldest was fine doing this 8 years ago. My younger 2 are 17 and 16. There's no way they can move out soon. It's heartbreaking to feel like their maturation and self-sufficiency will be delayed due to our stinking government in the last 4 years.

[@richardalbitus7229]

New government won't change it. These are the good times. Wait a few decades as hydro carbons soar.

[@Ronal259]

As long as you think it’s the democrats or republicans fault, you don’t see the bigger picture. In 1950 USA and Europe aka the West produced 52% of global GDP, today 15%! The world is changing, the West ruled the world for 400 years, now the empire is falling. This is beyond political affiliation.

[@viperaaspis]

The Navy is always hiring.

[@woohunter1]

Covid started before Biden, nice try though.

[@michaelkienitz3979]

4 years?!? How about the last 10?

[@StarOasis26]

I'm tired of paying $6.50 for a gallon of gas $9 for a 6 pk of sausages. And the list goes on and on and on. But no one wants to say anything especially fake news. This is the reality and the truth

[@jazenrangel5987]

"You will own nothing and be happy". Scary how true it's becoming

[@wurzelbert84wucher5]

People seem to forget Schwab and his croneys, they didn't go anywhere and are still in charge...

[@vpaul4374]

except people ain't happy

[@johnjohnson2855]

Don’t forget and eat the bugs!!!!

[@tj2160]

Minus the happy part though

[@MineFullStop]

Schwab and his cronies need to show us how it's done then just maybe we will decide to own nothing and eat bugs as they keep telling people.

[@generalnguyenngocloan1700]

Like Gerald Celente says, “when people have nothing, and they have nothing left to lose, they lose it”.

[@collinfitzpatrick7622]

And.."when all else fails they take you to war....I'm afraid for our future here in the old USA

[@williamwhite7425]

“Andy Cuomo that little boooy of nothing, little daddysss boooyy, hi Im Andy Cumo my daddy was Mario Cuomo !”

[@generalnguyenngocloan1700]

@@williamwhite7425 👍🏻

[@113msaunders]

Love Gerald! 😉

[@boughtbot2639]

@@collinfitzpatrick7622you should pay attention. This is global. The next revolution will be a global one

[@lepepelepub12]

Social media contributed alot to peeps going broke bc of the "keeping up with the Jones" syndrome

[@lunalou8888]

People still going to all the concerts and out to events then complain about not having money ... some people have weird priorities

[@GMis655]

It's should be normal to go out hellooo

[@lunalou8888]

@GMis655 spending a grand plus on a concert is outrageous imo I know people spent thousands to see Taylor swift then cry poor

[@vaderladyl]

You can go out every so often, that is taking care of mental health, but when you do it often while not having a lot of money, is when it becomes a problem. I go to concerts every so often, but I pay the 40.00 bucks seat.

[@kathymichael2323]

​@@GMis655why?

[@relaxandunwind1496]

Finding a gf or bf, that don't waste their money is even harder. Having to deal with bs , drama, and arguments is misery. I'll stay single, It's more peaceful. Just get yourself out of dept and quit living above your means.

[@markwegner6100]

Same. I'm doing great. A lot aren't.

[@existential69]

@@Viper-ms9egwhat? Bail out of america? And go where? There is nowhere else go go

[@Falconlibrary]

I'd be broke today if I'd stayed married. My wife kept us in constant debt with her spending, and that's an issue she's had with her second, third, and fourth husbands.

[@SpiKSpaN-ei6zq]

Totally agree. There's no compromise with women

[@michaelhoewisch7355]

​@@existential69my vote would be to Russia or one of the Balkan countries, the bricks system should be a decent enough life preserve until a gold standard is reestablished.

[@bernaclischurchill4463]

You know things are bad, when Dollar Tree is closing stores, along with their subsidiary Family Dollar with 970, and 300 stores closing.

[@nerychristian]

They are closing because of all the crime

[@user-xg4ue5cc2v]

Yes...

[@lovemoves3312]

Not bc of lack of business or need, but bc the shoplifting is so high they are being robbed out of business 😢

[@LanceyKersti]

nothing there is a dollar anymore anyway.

[@angelaransome1281]

They need to close they sell outdated, rotten food

[@whouwit6392]

This country has been circling the drain for decades, its just now picking up speed because its the bottom of the bowl.

[@BulletProofBrain]

I’m here in Sarasota, Florida on holiday from the UK. I have been blown away by how expensive food is here. A typical grocery shop here is about double what I’d pay in UK. This is because inflation has dissolved the value of the dollar. Inflation has been created by your government overspending and borrowing money to pay for it.

[@ElizRued]

Yes, inflation is a worldwide phenomenon. The US economy is not great but not as bad. US prices cannot be compared to UK prices because even the salary is not the same. In many places in the US, the minimum wage is about 30-40k while more professional jobs is about 50-150k, and other specialized careers like doctors are making 100-500+k per year. I've heard the salary is much lower in the UK with some examples & therefore the prices are lower, what is salary like over there in your opinion?

[@alexoceanmeow]

As someone who's had not great roommates before, and I know others have had WORSE, requiring a roommate is a horrific future.

[@Lulusvideos1]

It definitely is, I had one once, never again if I can help it!!

[@MintPepper-lk2ph]

Even the best roommate is still a limiting factor. I was very lucky with my roommate, but even then, I still clashed with them occasionally. Like sometimes they were hosting a small party and I was trying to get some shut eye 'cause I had to wake up early, etc. etc.

[@jdos5643]

@@MintPepper-lk2phI feel like the right ppl have not met the right ppl to be room mates that can work together to get a house.

[@jorgehuerta9593]

Oh people are crazy. No roommates,no way.....

[@onicamary123]

Wages have remained stagnant for 30 years.

[@tenaguin1054]

Except for the so called CEO's!

[@joannlarson6386]

Not so much wages, as everything has gone up and most jobs are part time.

[@tiffanyisaacson1407]

I got a 25-cent raise 😂

[@mikeblaney8382]

That is the opposite of the truth for minimum wage earners.

[@billw8476]

higher wages only increases inflation.

[@Phantom_Adventurer]

My husband & I no longer eat out at fast food places. We used to twice a week , but 2 meals combos at Taco Bell cost us 30 dollars! That’s insane. If we are going to eat out- we decided to go to a sit down restaurant & get great service and willing to pay 40-50 bucks. But every other month for that. Terrible!!!

[@skaterwig]

The worst part about this entire situation is that you tell somebody from an older generation and they don’t believe you all they do is tell you to pull yourself up by the boot straps. I’m 28 years old I live on my own in a one bedroom apartment in New York City because I grew up here in Brooklyn. I make $75,000 a year and I barely make ends meet. I have a savings of less than $5000 and I struggle all the time. At the end of the month I have a little over $1000 for myself after paying all my bills. I make $75,000 a year. It’s honestly so utterly ridiculous and this is all done by design by government. The only way things change is if people start to fight back. Everybody needs to stop having such a defeated mindset and accepting the fact that it’s over in theirminds. It’s really screwed up in America now we have to adopt this mentality of shacking up with some random roommate We don’t even know or needing to be in a relationship just to be able to save money. This is what happens when people vote without using their logic and they use their emotion and this is where it gets us. It’s not right and something needs to change.

[@Einstein-420]

Old people I know have to live and buy goods as well so they're well aware of how much worse it is now

[@MsMoons123]

No one says pick yourself up by your bootstraps if you’re and illegal. If you’re an illegal you get free housing, free medical, and free groceries.

[@wirebeam]

How the hell does a house go from 930K to 2.4 mil in 2 years? Who is making this kind of money to pay these prices?

[@MissyMuthaTruckiN]

chinese investment companies

[@kjeksklaus7944]

in the UK when we left the EU it put the entire country on fire sale to Russian and Chinese investors who bought all of the property when the currency crashed. The politicians all made millions from it as they knew this would happen. I think in the US investment companies are buying up all the properties as lifetime subscription income for them. It's not people buying houses, it's financial houses buying houses.

[@lunam7249]

no one...its law changes, blackrock, sequeya, buffet capitol group can now own residential!!😳😳😳😔😔😢

[@krzysztofp7846]

all over the world, 5 y. ago I paid 2k$/sq meter- now they cost 5k$/sq m in my country.

[@yvettenoland5500]

There is a reason so many adults are living with their parents. It makes sense for my son to live with me in his 30's. My house is paid for and I'm in my 60's.

[@ArtistUnknownOfficial]

I just moved out for the first time... I bought 3 things yesterday: Floss picks, a plain picture frame, and the cheapest paper towels i could find... $33 total.

[@mleecthulhu]

Go to the dollar store next time. .IF u have one. But i KNOW what u mean. ❤

[@beth3535]

Get your picture frames at thrift stores (there are lots of different types of these stores). Switch to washable rags. Bulk buy toilet paper and other things with friends and family. Get to know those local dollar stores. And plan what you eat. Conserve gas with an errand circuit that links all the regular places you shop, exercise, etc.There really a lot of ways to save when you simply decide to do things differently.

[@broncobra]

I went to Dollar General a couple months ago. I bought 2 - 12 pack Pedigree dog food, 2 - 20 lb. cat food and 2 - Tombstone pizzas. $100 dollars. 6 items, $100? I said to the lady, that sure don't look like $100 bux? She replied, "This country is going to hell" As I left, I wondered just how she did it on her salary?

[@JR-of5hp]

You need the floss Use washable rags Don’t buy trinkets like picture frames My wife passed last year and I went through my house to get it ready to sell or at least have it ready if I pass so my kids don’t have to deal with it I know for sure that I took at least $5000 worth of trinkets etc to the dump

[@jojokeane]

Get a bidet. I have one that has a heated seat and warm water. Ahhhh! My tp bills have plummeted.

[@user-go2ue9zj7w]

Here in Ireland inflation is out of control to, it's impossible to find value everything is horrendously overpriced. I've been chronicly hungry since 2021 staying fed and keeping a roof over your head now takes everything thing you have and it still might not be enough

[@ElizRued]

I'm sorry to hear that. Yes, it's definitely a worldwide phenomenon. How much have products have gone up?

[@mattl1758]

I bought my first house in 2003. I remember the bank telling me how much I could afford which I told them they were out of their mind. When 2008 happened it didn’t affect me at all because I didn’t borrow 110% of the value. Fast forward to now again people are buying everything in payments my wife and I are almost out of debt luckily this don’t matter too much

[@landeeld9596]

Am retired with no debt. That's getting harder and harder to do.

[@darylyost7273]

So your debt free retirement was just given to you, or did you have to work and plan for it! I worked and planned for my debt free retirement! Now let face it, most people are not that bright!😢😮😅😊

[@jimb3093]

Same, 51 years old living in Ohio, retired. I live in northern Ohio. Cloudy, cold and gray winters but hey….its cheap to live here. I have my own gas well to heat my house. I’m a blessed man. I feel sorry for folks struggling. I always worked hard, saved, invested and lived below my means. My grandfather who was born in 1907 taught me. I listened!

[@Comm0ut]

@@darylyost7273 BINGO. I copied success and planned ruthlessly. My HS peers also often went into the police, Post Office, and armed forces. I chose the Air Force and fully retired before most of them. What's hilarious is I've civilian friends who also own their own land debt-free but they only have SSI disability because they really are too disabled to hold a job, but that didn't stop them from buying cheap chitty lots no one else wanted, having a used trailer dragged in then slowly fixing it up. I probably know more poor country boys who are debt-free than well-off city folk. I was born in an expensive suburb and hated it (too many rules). Today my alarm clock is a rooster.

[@lindylou3519]

We are debt free but my husband was in manufacturing all his life & could never keep a job for long due to shut downs or lay offs. All he ever invested in was a 401k & those got used to make ends meet until he could get another job. He doesn’t get much of a pension so he’s working a part time job at age 74. Glad he enjoys it. It is what it is.

[@ralphholiman7401]

We're retired. We have a little debt still, but not enough to keep me from retiring. $50,000 left on our home 3.1 per cent mortgage, and $6000 left on my truck at 3.3 per cent mortgage. They are both self correcting debt (one paid off in six years, one paid off in a year). And, our motto is, we don't borrow money any more. If we can't pay cash, we don't buy it.

[@thomasreto2997]

Wife just got back from San Fran. She experienced culture shock with either homeless camps or extremely wealthy within a block of each other

[@akopowerletsplay3884]

,,,, i am a tank commander in germany ,,,, i need fuel ,,,, do you have some ?

[@pjnewton1014]

sounds like Houston and every major city in the USA

[@thomasreto2997]

@@akopowerletsplay3884 just 87 grade sir

[@jenn26134]

SF is 3rd world now

[@LikaLaruku]

Same in Seattle. I absolutely hate going there now.

[@getoffmylawn8986]

It amazes me how you can walk around and make articulate, informative videos off the top of your head. You definitely know your stuff.

[@loveyourtie]

I think he has notes in his other hand. I noticed he looks down every time he starts another topic. Nonetheless he is a pro speaker. Prolly works in finance or RE.

[@CindyCrawford-ky7os]

My son is 39 years old, single, said of course he'd like to get married, but he absolutely cannot afford too. He works 10 hr days, lives in used rv thats paid for, struggles to make it from paycheck to paycheck. I, get a check every month, we rely on each other, its still not enough. In all my life iv never seen anything like it. Iv been told many times by different people, there's no longer a middle class in America, you're either poor or rich, nomore middle man. Son gets paid 4 times a month, my check makes 5 and its still not enough to afford housing. This is the absolute truth. In the 80's & 90's I was a single parent, working 40 hrs a week min wage, supporting me and a child, still managed to pay bills, out to eat, vacation once a year. Sadly them days are gone. I think our economy is so bad bc were constantly getting bombarded with people coming here from other countries. There's 35 million illegals already here. You wonder how's that even possible? These people are human beings, they don't have money to eat, they need food, shelter, pretty much everything. So what happens? Who is financially responsible to house & feed multi millions of people? I was told the more people on food stamps, raises the cost of food for the ones not receiving Food Stamps? How can that be true? Sounds like the people who work for a living is getting punished bc they choose to do the right thing?? Nowadays cheap rent is 900 a month for efficiency apt in seedy side of town. Burger King 2 whoppers, 2 drinks, 2 French fries, 27 plus tax, 18. an hour, hard labor. You do the math. These people come here in search of the American dream, well it may hv existed at one time but it don't exist nomore, its nothing but struggle here in the usa. In my opinion its only going to get worse until we get new laws.

[@JamesTScot]

You sound like me and my mom how we use to live and do everything until she passed away last year I just moved in with her cause she was my best friend and the greatest mama we took care of each other I made sure that my mom had no worries I wanted my mom to be able to relax. I'm glad the last 6 to 7 years of her life she was really able to relax and have a good life your name is tough but I wanted to make sure she had no problems no worries no stress just like she did for me when I was a little kid. God bless you and your son it is great to see families getting along like that 😁😇🙏🏼👍🏼🙂😁🙏🏼👍🏼🫠😉🙏🏼👍🏼

[@reesedaniel5835]

AMERICAN TAX PAYERS ARE BEING FORCED TO FUND THOSE PEOPLE. It's being done on purpose. It's called "weaponized migration."

[@mikesmith6461]

When trib starts. People work 16hr day for 1 meal. Nwo un will seize all real estate.

[@sjrmike]

they won’t let it crash until there’s a system in place that allows the people in control to stay in control.

[@Dog-O]

They’re working on it.

[@seanthomas2083]

…so the system we have now

[@sjrmike]

@@seanthomas2083 it definitely would be modeled after the current system. but don’t underestimate the greed of people. we’re already at each other’s throats for pieces of paper with numbers and pictures of people that got us here. imagine what the’ll have us doing for digital numbers they can just type on a keyboard.

[@biform13]

The crash has been happening. Welcome to the CBDC.

[@bigscores7237]

Who's "they", AoC? Jerome Powell? Biden's handlers? There's no one driving this bus.

[@squigglove]

"Incomes are going up" is complete ludicrous! Seventeen years ago I was in a deadend office job making $13/hr. Now I'm $75k in student debt, have two licenses and one degree, only being offered $8-$10/hr!

[@MrDepodot7]

Yeah when we went to college the pay was worth it, and now . . .

[@broncobra]

Like the old saying Kamala Harris used, "It's not who you know, it's who you blow".

[@paulcarlin5181]

Are you serious? Maybe depends on the city, no one here pays 8-10 anymore. Not even for something on the low end skill wise.

[@mikeobrien5476]

Go to California and get a job at McDonald's....$20 BUCKS AN HOUR😂😂😂

[@mattgoss3060]

The 45k salary John makes now looks like he makes 13k more than the 32k he made at age 21 back in 2003 but it’s value is actually 5k less when you adjust for inflation. 42 year old John also has 1k a month insurance premiums, 1,200k a month grocery bill, and utilities to pay for. Thank God John inherited a house and has no mortgage and both vehicles are paid off. I’m speaking for a friend. 👀 Edit: Let me rephrase this. The value of today’s 45k is 28k in 2003.

[@vickinator]

New subscriber! It is SO NICE to hear someone speak the truth about the nonsense going on in this country! We need a complete overhaul of our government and there are ZERO candidates who give a F about us!

[@ayzn.333]

I had roommates and none of them were able to pay their portions of the bills... utilities on my own are cheaper then with roommates split evenly… having roommates seems like a good idea but it comes with a bunch of other issues. Be very selective with who you choose to roommate/ live with.

[@rebeccacarter1914]

I have never earned enough by myself to be comfortable and I have a college degree and have worked all my life.

[@jimharvey4941]

teacher?

[@zephyrr108]

Same..

[@krzysztofp7846]

so do I. I got 2 of them - constructions and HVAC but I work physically, the only one that counts is medicine. In my country they get 100-150$/h in hospital, when got private -such a wage for 15min.

[@factsdontlie4342]

Yeah, society lied to you and manipulated you. You worked to make other people rich. Going forward, don't listen to them anymore. Make your own decisions, try and work for yourself if you can. It's hard, but very much worth it. Good luck and God bless.

[@krzysztofp7846]

@@factsdontlie4342 God Bless You.

[@Pokegod-nd5xl]

$23k in property taxes??? i dont even know where to begin.. do u even own your own house??

[@ronaldellis3229]

Probably lives in a van, down by the river LOL !!!

[@grazz7865]

You never own the house. After the mortgage is paid (assuming I live that long), we’ll be renting it from the lovely town of oyster bay! 🙄

[@channelofstuff6662]

Don't buy a new home then your not going to pay for that whole community. If not new they haven't been paying taxes.

[@RD-kz4wr]

That was showing that the property taxes were overdue and not paid.

[@joelzinho4600]

​@@RD-kz4wrIt was not. That was the new property taxes based on the new Value of the home, and associated insurance cost. Florida doesn't have state income tax, so they collect Rev. on property tax.

[@TomyD1321]

My real estate taxes from 2020 went 30% up , my home insurance went 35% up , my car insurance went 37% up . Not mentioning groceries, home maintenance, car repairs etc . Not being able to save anything, actually I spending more than I am earning.

[@Madasin_Paine]

Own debt, stay poly ad dicted and retire from all life permanently in half the time. Capitalism has no more efficient example of this grave system . 3,000 billion heirs PER 7 billion servants and subjects NOT A GOOD DEAL NEVER affordable or healthful.

[@elizabethjenkins7794]

Thanks for this information, I just talked to a realtor and they want me to sign document on commission, And then I turned on KZbin to your station. Thank you

[@BonvivantBR]

Im from Rio de Janeiro- Brazil and nowadays life is getting harder, everything is super expensive, barely can afford food anymore, 2 meals daily and that’s all. A lot of stores closing

[@765kvline]

This is a world-wide economic phenomenon.

[@MiaQuacko]

You live in Rio? I never been sounds like a dream city with great beaches amongst other things my wife wouldn’t want me to mention 😂

[@ligadesivossilksign4293]

​@@MiaQuackoBe cautious with Tinder in Brazil.

[@Tony-ne7hd]

100% caused by GREED, GREED, GREED. Everyone wants more than everyone else and far more than they need. GREED.

[@DAVIDMAINORD]

BUT I AM RICH BILT A MOSALIM TO LIVE IN TILL I DIE. BUT I NED MORE OF YOUR MONEY

[@9999plato]

Its not as much as financial greed but the W.E.F wants to control the world. The richest of the rich decided that they should control everything, manage populations, distribute what foods and medicines they feel appropriate. People get angry believing that this is just something that is happening but Klaus Schwab and his Billionaires at the W.E.F. control many of the worlds political leaders. Biden is a willing follower or they have all the dirt on Biden and he does their bidding to keep his entire family out of prison. Trudeau is a favorite son, many European leaders bend the knee, even China and India report back to the W.E.F. The W.E.F can buy and fire any American Mayor, DA, Legislator that they want, Democrats are generally on board but the RINO republicans fall in line. Its time to look at the puppet master lurking behind the curtains who are pulling all of the strings. All it takes are greedy power hungry politicians and the W.E.F.s work is made so much easier. Add in the general ignorance to what is happening along with the willful avoidance where people don't want to see it when its right in front of them in plain sight and you have a situation where the W.E.F. can operate with impunity. Once you realize just how insidious the W.E.F. is to have robbed a planet full of people of their ability to voice their opinions and influence their counties future by voting. If their leadership are WEF puppets then elections are moot and free will is lost.

[@KC-kh8df]

Don’t leave out EVIL.

[@Joyapp]

Ukraine needs all of our money to lose a war. Fuck our border tho.

[@maynardbecker4613]

Ain’t that the clean truth!

[@user-kq5qp6dh8l]

In London , a pokey little studio is around £2000 a month . Plus utilities, council tax ( around £1300 for band A , band E property 4K a year . Everyone’s broke and in debt. Food prices are mental .

[@Crukren89]

Uk breh here who used to live there back in the 90s. London these days is a disgrace. Got fam down there all with good jobs and still struggling to make ends meat. The UK is circling the drain in general though

[@ElizRued]

Yes, it's a global issue 😢 the post pandemic inflation and all the war has made this economy so terrible! We need to hang in there, be smart with money, and hope this passes :(

[@ElizRued]

How did the prices for supermarket products go up?

[@zippythechicken]

I'll tell you how you know everyone is going broke.. after 7:30pm there is no traffic.. not on mondays not on fridays.. not on saturday.. no one is going out.. because they don't have the money.. the only time traffic picks back up is when retail stores close and employees go home at 9-10pm ... now is there zero traffic no some people are out on the roads. but I live overlooking the main highway and I can tell.. no traffic.. and gas prices are not $7 a gallon here they're half that.. its everything else they can't afford.

[@FloridaEbikes]

🎯

[@jimmyjay689]

Broke, or getting smarter

[@daveassanowicz186]

American?

[@Mitzi73]

But Biden said the economy was great…

[@ashtonarmstrong3082]

I work weekends and my city is a ghost town until noon or so. Then people come out to eat lunch at fast food. Weirdest economy/society I have ever seen.

[@markstewart3501]

Let it crash! They can't do that. That means they would have to look at the truth. That truck is not worth $98.000 dollars. The house they paid $400.000 for is not worth $2.5 million. The truth hurts! Keep preaching truth. Keep up the good work.👍

[@Mark-pb8kj]

but it is worth that now because they printed so much money during covid.

[@markstewart3501]

Negatory ghost rider!

[@muddyriverdogz]

@@Mark-pb8kj Not neccessarily. Its worth what people get paid and can afford.

[@jecrpalier]

For the clueless your monetary system has value as long as people believe it does. It’s designed to do what it’s doing. Research ur history a bit. 🙄

[@muddyriverdogz]

@@jecrpalier It has value because of law. It's legal tender.

[@keithwolstenholme4238]

When I was a kid in the 50’s and 60’s my parents would buy my shoes on their Sears credit card. Life was much simpler but we were still relatively poor. Gas was 25 cents a gallon but we only had one car. My parents lived through the Great Depression and survived WW2. Today people will have to adjust to the crash that is coming.

[@sarahswonderland1287]

So good to be true. World's a stage

[@KINGTHEYORKIE]

I work for a spa and they push me to sell products to guest no matter what, they even gave me a warning notice for not meeting sells goals… the thing is people are so stressed out and they want to relax so they go to the spa but Little do they know that the goal at the Spa is to sell them more crap… also, my boss got their children a new Lamborghini 😂😂 It’s annoying because they don’t realize most people are struggling just because they go and get a massage or facial doesn’t mean they have all the money it means that they want to relax

[@krzysztofp7846]

the same in EU, my boss paid me a litlle saying got no money, but bought a villa for her daughter.

[@wurtzgood]

Quit that hsit job yesterday

[@jesselle_]

I went to TJ Maxx the other day and thought they’ve always pushed their credit card they were exxxxtra pushy this time. I told her nope if I can’t buy it now with cash I don’t need it. She just kepttt going talking about no annual fees but a 29% interest rate. They know what they’re doing 🙄

[@KINGTHEYORKIE]

@@jesselle_ is very unfortunate they do that. And the thing is that employees are push to do it bc their job depends on it. They have to get a certain amount of cards. I worked for Banana Republic and Old Navy and we had TO SELL cards😠

[@wurtzgood]

@@jesselle_ She gets a commission

[@aronrodrigues]

Moved to San Diego by 2 years ago. We have 2 fully paid cars, no debt. Paying 4k rent. 120k/year is not enough for a comfy life here. Not even close.

[@james-sb3ot]

You got that right...me and my ex-girl friend lived in SD...in 2002...and it was expensive at that time...1 bedroom was going for $1800 to $2500 back then...the weather is nice that's about it!!

[@Alex-jx5bx]

Nobody can afford even Phoenix now, forget about California😁🤣

[@markpitchford7375]

Those calculations are for take home pay. You need 160k-175k to take home that 120k in Cali.

[@aceyorba]

More like 350k a year

[@aronrodrigues]

@@aceyorba yes. Even with that I don’t feel confident buying a 1mi home 9k/mo mortgage…

[@marilynbartlett1850]

No one can afford to fix properties anymore either if they can't afford to pay regular bills, so property values are going to drop. If you can't afford to repair the roof, replace the water heater, or paint, you're not going to be able to ask these outrageous prices for homes. It's all going to collapse eventually.

[@keithpanco]

We live comfortably. We decided to tackle our debt decades ago. We now have no debt, mortgage, or car payments. It is the most liberating feeling.

[@doe9de995]

I used to have more than enough money to take care of what I needed. In today's world, I literally have almost nothing left after bills and living expenses, it's getting to the point where I'm close to defaulting on payments because my food and housing is more important then certain bills.

[@spanishprisoner]

Maybe you shouldn't be subscribed to all those netflix, hulu etc.

[@revvolutions]

​@@spanishprisoner don't forget avocado toast

[@doe9de995]

@spanishprisoner I wish it was that easy, but it's kinda hard to unsubscribe to something you were never subscribed to, to begin with. I'm a minimum wage worker who has fallen on hard times stuck with bills and loans I never wanted to begin with but had no choice as it was that or the street. Please don't assume that I'm wasting my money on subscriptions when I can't even afford to pay for my own basic needs.

[@rob_see]

@@doe9de995 sorry you're going through that. i have been working two jobs to stay afloat, and now that there is a new district manager over my store, everyone's hours are getting cut, so i have to fight just to get hours. scary times.

[@LikaLaruku]

Price gouging on food & utilities got my whole neighborhood last year. Last christmas we all gave eachother IOUs & vowed not to cash them in until we got our tax returns.

[@guadalupeespinosa2288]

I’m in finance and I always say it’s not about how much money you make but how much money you keep.

[@jimfleury6349]

Exactly Not what you make but what you accumulate !!!

[@jasonaldrich4780]

I've said the same thing for years, for me it's my only hope! Stop,think and save your money folks and you will b saving yourself

[@8notoriusinquisitorius87]

Great video. We needed Ron Paul in 2008. He warned us about this dangerous economy...he said, we can fix it now and it is going to be painful or we can kick it down the road and fix it later, but its going to hurt much worse...here we are, and it isn't over yet it's barely begun to inflict the pain.

[@angierox6964]

Thanks! Listening to financial videos is generally not my thing, but it’s necessary. So finding one that I’m able to relate to relate to and understand without drifting off to other topics in my mind is super awesome. I want to find the article that you referred to about the cost of living as a single person. I haven’t looked in your notes yet, but I hope it’s there. Thanks again.

[@johnmiksch3882]

Very impressed that you can walk and speak your thoughts without a script…… day after day

[@dumpsterbaby3155]

but can he chew gum at the same time

[@truthseeker1959]

He has the gift of gab. I can tell. 😉

[@BREEZYM6015]

There could be someone walking in front of him that's not on camera and he's reading from a script. 😂

[@BREEZYM6015]

​@@FloridaEbikesI don't know...

[@eliotness107]

​@@BREEZYM6015 i dont see anyone in the reflection on the sunglasses

[@BlueJeansandJellyBeans]

Also, you can tell people don't have money because they aren't spending to plant flowers and keep the outside of their homes nice. I have noticed this over the past couple years.

[@AverageJoeDividends]

I have noticed this with fertilizer and general lawn care declining.

[@user-xm4wk1hk6c]

Interesting observation! I’ve just noticed little things like not getting a cracked window fixed or not washing the car. Still women around me are getting their nails done, and tacky eyelashes; so it’s not complete mayhem yet. 😅Priorities!! 💅

[@delaville680]

I have noticed it is the younger buyers who don't. I live in a community that is still building & that is my observation in general.

[@Pallasathena-hv4kp]

I wonder if it’s because the houses are rentals? Young people don’t like yard work or the landlord is cheap?

[@candelariaw1668]

Maybe they have money but not wasting it on unnecessary things like flowers. Stop assuming folks don’t have money.

[@jperazo]

Excellent video! Love the part where you talk about "new business coming up and solving the problems that we have". Can you share the link to the chart? Thanks!

[@kingsdaughter9849]

I STILL talk to folks who dont know were in a recession!!

[@AlexBrandon.]

24K just for property tax????? what is the county doing with 2K a month from this one taxpayer? Is it such a great place to live that its worth footing a 2K a month bill for county services? The county is driving these people out of their homes... not inflation

[@johncorson6599]

It is crazy isn’t it ..

[@katydid2877]

1/2 my property taxes go to schools. That has become a waste of money. Absolutely the government wants housing prices to keep going up up up. More money to waste.

[@annmarie1689]

I pay $845 a month for school tax for a school I am not allowed to use (NY) because they took away our religious exemptions. We have one foot out the NY door.

[@swlc5555]

Giving themselves and county employees huge raises.

[@marrlena947]

Property tax is outrageous. It's not used for anything but padding pockets.

[@luke_Boston-MA]

Everyone is not going broke…..they already are broke! And the USA national debt is horrendous but will still send billions of $$$ to foreign governments for wars we have no interest in……it’s no surprise so many are just one paycheck away from homelessness. Sad but true even for us renters

[@SunofYork]

Not everyone.. I am awash with money and it goes up $15k many days. I paid attention in school.

[@ChatGPT1111]

We in the U.S. are worse than broke. We have a bunch of high interest credit cards maxed out, then we take out a loan just to give to somebody else (Ukraine, Haiti, Gaza, Taiwan, the UN and NATO)

[@user-vr3mr5eu7y]

I don't know anyone broke really

[@carolbagwell6769]

Be careful..homelessness is illegal now in many places

[@markfrancis5164]

That foreign aid is absolutely peanuts to every other gov’t expense. It’s a distraction, political trick, don’t fall for it. You’re being lied to at every turn domestically. They highlight international stuff to deceive you of the real problems at home.

[@RUSSIAN_SPY_INC]

I bought a 750 square foot home on a 3rd acre, in 2011 for $48k cash, a 50 min drive from Canadian Parlement. Now I live okay on $900 a month. I eat paleo, do calisthenics take up most of my time, I don't notice I do not have money for fancy crap.

[@cooper7031]

This is an eye opener!

[@markpitchford7375]

The reason the Fed won't let any banks and CRE fail is because of WHO would lose money. As long as inflation is killing you and me that's fine, but rich connected people losing money is unconscionable.

[@rubberduckie5518]

Inflation is why stocks will continue rising. Who can afford stocks? The rich. Inflation is also why property values continue to rise. THERE WILL BE NO CRASH unless Putin invades or environmental disaster like earthquake or volcano happens. Police state will always be on standby. Poor may eventually revolt.

[@markpitchford7375]

@@rubberduckie5518 I think all of the scenarios you outline result in the FED also going back into printing and inflation going through the roof.

[@willjezewski5595]

Yep they've already said they will happily allow any community banks to implode. Also any regionals that don't have famous enough stakeholders. Thus concentrating all assets at fire sale prices to the few banks all but owned by the govt.. which they've also freely admitted. It's all by design, the politically favored get the benefits of capitalism with 0 competition while the rest of us slave away on lifelong series of permanent leases. People need to wake up.

[@Tattootin]

@@rubberduckie5518not true at all lol… and tbh you and I will never know the real truth, but we are on a collapsible trajectory because of improper lending, and lies about who had what money and how much was truly there. There are multiple companies that kinda keep the US in check that have fucked up lately really really really bad… and it’s hitting 2008 crisis bad, but it’s much worse. Added internet Wild West type stuff and technology pushing more humans to irrelevance than jobs created…. It’s Idiocracy the movie coming to life. So either adapt and take advantage. Or sit back and complain like most? Up to you.

[@scotttracy9333]

They let banks crash in 1929 and we had the great depression. There's a reason we don't let banks crash and people losing their savings. If you're money was lost when your bank crashed, I'm sure you would be the first to complain that the government should do something.

[@buropinto8744]

Its not yours if you have a mortgage on it....Hell its never yours because they take it away when you can't pay the Taxes or Insurance on it.

[@reesedaniel5835]

Property taxes is the biggest scam in all of history and needs to be abolished. People need to grow a pair and stand up to them (myself included).

[@michaelodowd4807]

Or in the uk have to sell it if you need to go into a nursing home

[@captainconstitution4238]

Mortgage comes from a Latin term meaning "death pledge." As in, you pledge to pay either until it's paid off (which takes a lifetime to pay) or until you die and the property is seized by the government/bank.

[@user-jb3ly5qz9z]

No kidding i am headed to florida soon. I have an idea that i think you would like. you had some very good points. lets get together

[@brendaz9222]

I would never buy an EV , the price to replace their batteries is crazy!!

[@Serendipity_Glows]

I heard that insurance is about 30% higher on EVs, something else to consider

[@piano8481]

You don't buy EVs. You lease them (very cheaply 250-380 /month with 0 DAS (due at signing).

[@alexandersuvorov2002]

@@piano8481Own nothing and be happy.

[@janetrogers4738]

If it catches fire good luck..your house is gone if it's in your garage.

[@piano8481]

​@@janetrogers4738how many EVs catch fire vs combustion engine ones? We have two EVs in garage, no concern at all. We also got used gasoline car for the teen, but nobody wants to drive it. EVs are perfect for certain use case scenarios. If you don't drive >250 miles a day, i suggest to get it.

[@guymerritt4860]

I'm 72 and started working, summers, when I was 16....always worked hard. I made some mistakes, wasn't a great money manager and never invested but I always had a fairly nice house. When I see these prices I am just baffled. Even in today's world how many people have got 2 million bucks for a house? I mean, who makes that kind of money? Obviously, there's a minority of people who - somehow - do make enough money to spend this for a house but it still has to be a small percentage of people. Again (I've said it before): Beginning with Reagan we started moving more and more to a shareholder economy and the 10 or 20 percent of people who are actively in the stock market are, soon, gonna own everything. The fulcrum upon which functional capitalism turns is competition and we're wiping out competition in a every way. This whole country has become an out-of-control pyramid scheme.

[@truthseeker1959]

All by design too; it’s been planned for decades.

[@DailyStalkerUpdate]

Most people buying $2M homes aren't financing the whole thing. They've built up equity from previous homes and put that toward the new home.

[@jkmarshall3553]

Dude, then you should invest in the stock market and stop complaining.

[@rosaliethomson805]

Not really. The stock market is treacherous, people are always trying to get you to spend more. Change that to people that have big money in the stock market.

[@johnqlunchbucket]

Sounds like you're on the wrong side of inflation. The people. In the stock market and investors that have a financial education have simply learned a trick and that is that the government is not going to stop printing money so don't save what governments can print and start saving assets like Homes, stocks and Bitcoin. Remember that what works for the rich will also work for you, even if it's just starting out on a smaller scale. and remember, poverty does not require a plan, but building wealth does. So what's your plan?

[@CaptainTerrific09]

A recession is almost certain… I work in the healthcare industry and almost every major network has lost vast amounts of money due to Covid money/extra members drying up throughout last year. Last week my company suddenly ‘fired’ 1,000 people, I can’t even mention what our fiscal loss was for the year but it’d blow your socks off…

[@brianvelasquez4376]

Single guy who is a finance lawyer with 7 rental properties. Making more money than ever before, living well below my means but can’t help but feel this isn’t the story for everyone else. My tenants are struggling to keep up every month

[@ClaireForsberg-rl6tc]

For every job lost, there's one less consumer to spend at a retailer. Consumerism is what keeps stores and restaurants open. When consumerism dwindles, there's more job losses. It's a circling the drain of the economy scenario.

[@soularddave2]

Fewer jobs leads to less taxes to collect - payroll & sales.

[@truffaut650truffaut6]

​@@soularddave2seems to be more a plan than a phenomenon.

[@phoebemarple5094]

Joe, why would it piss you off? You should feel sorry for them. Living high on the hog always comes back to kick you in the arse if you are living beyond your means. It will catch up to them and believe me, they will call you smart.

[@JNoMooreNumbers]

Another 1.3 trillion down the toilet coming too.

[@chrisweidner4768]

If ever there was proof that it’s a monoparty that doesn’t care about “we the people.” The cabal must be removed.

[@chrisweidner4768]

Sigh, my comment got scrubbed.

[@BREEZYM6015]

​@@howy41You can't stop the disco duck. 😂

[@lindajohnson.]

You are correct, wonder how much pork is in it?😢

[@jennetal.984]

Juan Garcia is $$$

[@BeastrusKastrus]

Canada's pretty bad in this regard as well. I could never manage to be financially stable on my own if it wasn't for my family helping, but until when will that be sustainable? I make well over minimum wage as well and spend with care. It's absolutely nuts.

[@gavinbarringer849]

You are the first person to say anything remotely truthful about politics in a long time 😊😊

[@gregmonmaney6593]

100% Can't continue. I'm 48 from a family of self employed, hard working business owners. My parents were both from the 1930 and I know from their experience through the depression and my own since childhood and history. Our economy, prices, cost of living had never been this out of whack. People can't afford to live like this. I have very little debt but rent, property values, food, fuel everything is far to expensive and income is not and will not be able to keep up.

[@nerychristian]

Covid screwed everything up. Millions of businesses closed. Millions lost their jobs. But prices are still high because everyone is speculating and trying to make a quick buck. Then you have all the lonely and depressed people who are buying themselves expensive toys in order to feel better

[@Lo-fi_Hi-brow]

I took a cross-country motorcycle trip from the Mississippi to the Atlantic last summer. I was astonished at the absolute decay of almost every city, town, and neighborhood that I passed through. I saw **countless** homes that desperately needed a new roof or siding repair-and had clearly needed the repairs for quite some time. Vehicles were trusted and in disrepair. Roads and highways for hundreds and hundreds of miles, through numerous States, were in shambles. It was very clear from the zoomed-out perspective that the country is in a state of decay. People and communities can't afford to maintain existence, let alone advance and prosper.

[@Qingeaton]

There used to be manufacture of things in America....besides fighter planes.

[@kingtrance307]

@@Qingeaton - Where have you been? Manufacturing is actually starting to come back to America now. Read up on the CHIPS Act.

[@kingtrance307]

Most of those states in total disrepair are southern RED States! They take in far more federal tax dollars than Blue States too.

[@Qingeaton]

@@kingtrance307 I'm talking about actual companies organically choosing to make and sell products, not some government subsidized program of this or that.

[@kingtrance307]

@@Qingeaton - The US government has always invested in US business and this predates to WW2! Name me a single corporation that hasn’t benefited from this arrangement. Every major government in the world practices it. Also the Chips Act is vital to US National Security. Why the hell wouldn’t the US want to be manufacturing semi conductor chips in America? 🇺🇸

[@evanmakopoulos8527]

I agree let it recalibrate. Unfortunately it has to fail to be able to rebound

[@faceofdead]

there is no real freedom, without responsibility

[@James-ke5sy]

Such a crackup. They bought the house a couple years ago and now want to flip it for 3 million. They live in an alternate universe where aliens from space come down to buy the place with diamonds.

[@jasonaldrich4780]

Yea delusional ! The basic homes are not worth that value! People are destroying the family home market. So short sighted can't see past the greed that is going to make it impossible for there own kids to purchase a home in the future. That's OK though at least there will be a rental option available to them from some Chinese investor 🤣🤣🤣🤣🤣

[@celularphone]

My car was made in 2004. I have no debt other than my mortgage and no desire to get any.

[@mbrum3230]

Unfurtunately the people who took out massive mortgages have profited over the financially prudent

[@MrCPPG]

Still driving my truck made in 2002. I also keep a car made in 1992 . I keep them going by doing my own maintenance. After several dealer shop screwups, I decided I can f things up a lot cheaper. Watched youtube and learned how to do it myself.

[@workhardplayharderx2]

Ditto only my daily driver is 2000, bought it brand new, no car payment since. Only debt is mortgage in which I pay extra to principal each month when I can. Keep groceries simple, eat the same meals day after day. Buy coffee, make at home and bring to work, pack my lunch and all that jazz. Everyone at work goes out to lunch, I never have, not even once, I bring my lunch every day. Insurance costs are killing me, homeowners doubled. Getting harder however, I will continue to do my part to live "simple". Not always easy however, it is currently necessary.

[@stephaniet9264]

Same here. Just paid off a 0 interest credit card promotion that was about to expire and go from 0 to 27%! Ha! no way.....I paid it off and I'm sure the credit card company was hoping that I didn't. Now working on paying off the mortgage. Luckily, a relative gifted at 2016 car to me.

[@Scriptorsilentum]

@@MrCPPG 😁😁😁😁

[@d.arruda6308]

I am from Brazil. I remember when I heard that in USA people didn't have installment purchases. Now I see it became very common, you can buy almost everything splited by months... And you are right about the consequences, here in Brazil, is easy to find peole bragging about buying an expensive iphone 15 pro and paying only the first installment and leaving the name 'dirty' for ne next 5 years, cause in 5 years the agencies have to remove your name from the black list!

[@jonathanwaywell5383]

What’s wrong with people who think this is a Democrat/Republican thing? It’s a credit card/ loan/ mortgage created problem.

[@mymichele8317]

U must b a liberal

[@mymichele8317]

Fjb