Retail apocalypse underway. Recession underway.

Retail stores across America are shutting down as the economy slows in 2024. With fast food restaurants like Boston Market shuttering location all across America.
Access Housing Market data in Florida and other states on Reventure App: www.reventure.app
This is especially true in Florida. Where a large number of restaurants and small businesses are beginning to shut down to a slowdown in consumer spending and 3+ years of inflation that has caused the profit margins of these businesses to evaporate.
The more that this happens, the greater the likelihood that the US enters the long-awaited "recession" that everyone has been predicting.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting'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 Reventure Consulting does not establish a formal business relationship.
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[@ReventureConsulting]

Wouldn't want to own a restaurant or consumer-facing small business in this economy. Costs skyrocketing out of control. Consumer demand fading. We will see more of these stores shutting down in 2024/25 unfortunately. Let me know if you're seeing anything like this happen in your area.

[@plektosgaming]

You can still make a good living off of a place like that, but it has to be you working. Not a franchise. Literally you running a store or coffee shop all day long to keep costs down. No employees. Just you and you alone to keep costs down. People will still pay for a cup of coffee. But you're not going to be making $5 on each one, either. More like 50 cents profit and a $3 drink.

[@TrolleyTroubles10527]

I would love if you would do a deep dive video into the Tampa Bay Area!

[@MarkThomas123]

I own/operate a White Water Rafting Company. I am on a River with 12 other Outfitters.. Our Customers who enjoy Nature, etc, are Middle Class.. They are broke.. Numbers down from 15k people per year to below 3k... I used to buy cases of Toilet paper for $25. I just paid $58... Insurance, etc.. all have doubled. it's hard for those hanging in there.. I just cut both of my Land lines to save $140 a month.. Not much left to cut...

[@Alex-de8kd]

The local deli (small business that is locally owned and not a chain) is the only place I do take out from. The people working there have been mentioning how the business slowed. I no longer stand in 6-8 people lines there, but 2-3 people at most. Looks like their traffic halved at least.

[@jimmckee2940]

Thanks to the incompetent leadership

[@MikeCasey-z5m]

With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.

[@Anderson_313]

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals, but you need to be a skilled practitioner to carry out such successful transactions.

[@Daniel_12_3]

Indeed, that's accurate. I've been in contact with a financial advisor who manages the entry and exit strategies for my portfolio, which started with an initial reserve of $80K and has since grown to around $550K.

[@robertfurguson2678]

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

[@Daniel_12_3]

There are many independent advisors to choose from. But I work with "Iynne Marie Stella " and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

[@campelm]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.

[@nano.joe.4851]

homes are still overvalued by $200,000-$300,000

[@magiala5577]

That is a good range. Over 300k is the problem.

[@bansheezs]

instead use a %, homes are still overvalued by 30%

[@jsd354]

40% to 60% in some areas of the country.

[@jimgalle1371]

Fantastic comment ... Particularly in Arkansas and Mississippi. Generalizations are a beautiful thing!

[@Hypnotically_Caucasian]

Silver price is up by 50% right now

[@SigFigNewton]

When Walmart is doing well, their extra revenue is not from people buying more things. Their extra revenue is from smaller businesses that can’t price things that low.

[@SigFigNewton]

@@Slug002 woooo go Stanton’s!

[@frankyhonnolus5528]

Also from rich people shopping at Walmart

[@johnmccarthy7195]

McDonald's going from 28,000 locations to 20000 locations is probably a blessing for society.

[@nano.joe.4851]

should be 0 locations

[@SigFigNewton]

Really? McDonald’s is closing over a quarter of its locations? Or u just yappin

[@jermon983]

Agree I drove by one today. In a prime location in Midtown Atlanta. It's all board up and graffiti everywhere.

[@bengozzy408]

Boston Market is owned by McD's

[@thefedhatesu9246]

The 20,000 will get bigger and automated 😂. There's no saving for America. They got all fronts covered.

[@schoomzer]

He's correct. People have been eating out much less than a year ago.

[@ReventureConsulting]

Thanks for the comment!

[@JBoy340a]

And that IMHO is good thing. Obesity is epidemic in the US.

[@enthused7591]

I really think people are eating out 50% less than just 3 months ago.

[@melbournechub2658]

@@JBoy340aIt’s food in general, not just fast food. Manufacturers put sugar in everything, including things that didn’t traditionally have added sugar. They use cheaper quality ingredients and add sugar to make it more palatable. Empty calories…

[@SigFigNewton]

I’m sleventy jive years young, and I never ate nothin that weren’t a sweet potato. Follow The Path and meals are affordable

[@KennyRogersRoasters84]

I have been waiting to buy for over three years. I refuse to pay these inflated home prices only to get burned once the market corrects.

[@shanerogers9386]

I miss Kenny Rogers Roasters

[@michealophigoid6215]

Not too long now

[@torsten6777]

Prices today are way higher than 3 years ago. How did that waiting help you?

[@shanerogers9386]

@@torsten6777 the market is driven by speculation and greed. It will not sustain. And no one is even talking about the shady money, balloon loans and appraisal fraud happening today that makes 2006 look like a lemonade stand

[@KennyRogersRoasters84]

@torsten6777 wouldn't have purchased three years ago either. I am a single male with no kids and I take home 110k a year. I am fine with renting until the market corrects. People are broke and their credit cards are maxed out. They are also months behind on their mortgages. Foreclosures and job loss is imminent.

[@kortyEdna825]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@PatrickFitzgerald-cx6io]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@brucemichelle5689.]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@Justinmeyer1000]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

[@brucemichelle5689.]

She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

[@Justinmeyer1000]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@JVEdits1]

Boston Markets are shutting down because private equity stripped all value out of the company, loaded it up with debt and then stopped paying creditors.

[@miketdarnell]

Many of the strategies used by PE firms should be illegal.

[@jeemjeem6190]

I didn't even know they were still around. All the locations I knew about closed well over 10 years ago.

[@MrWphilips]

That is Private Equity’s standard operating procedure! It is nothing but financial rape, and racketeering!

[@geekfreak618]

Senator Warren keeps trying to educate people about that and get reforms in place, but the obstructionists are not listening.

[@MrWphilips]

That is standard operating procedure for Private Equity! It is nothing but financial rape and racketeering!

[@erdalyavuz34]

I’m a retailer and wholesaler in Major malls in the South . It’s slowest ever since 2011

[@jro0807]

Let's also not forget how quality has gone downhill tremendously after the pandemic. Not only the portions, but the ingredients, taste, and presentation. Workers are ill behaved, disrespectful, entitled, and a nightmare to deal with. Not to mention there is a McDonald's in every corner as well as other chains. I'm sorry they're closing.

[@ubsglobalserve1002]

In 2024 … most people need a shrink! Even shrinks.

[@age_of_reason]

I bought a workbench with storage at Harbor Freight in 2022 for $179. 2024 and the same product costs $279 but it's much worse materials and quality. Shrinkflation is real.

[@CeeTee-12345]

The quality dropped back in the 90s and continued to slide for all restaurants in every brand. That's when I stopped buying fast food and haven't been there since..

[@nickhass7757]

People make the same quality food they made before, the profiteers have hired less staff with less experience to save money (coincidentally said pandemic lined up with the 12 an hour federal uptick.... funny huh) as a cook of 20 years, most places won't hire anyone that deserves even 4 bucks over minimum... I went to work at a dive owned by a laborer because he understands trade skill and labor.

[@nickhass7757]

Say it with me, the truth is cleansing.... "they care more about their profit margins than people"

[@DeborahKettle-bs6du]

I'v been buying my grandson cookbooks, kitchen supplies, spices and condiments...ect... I told him he needs to learn how to cook for himself because restaurants and fast food are too expensive!!! I even bought him a crock pot 🍲 with a cookbook for it 😊

[@eliflynn7282]

It costs about 25 to 30 dollars for one meal at the grocery store where I live, if you want to eat 1 meal a day that's 150 plus dollars a week. It's about the same to eat fast food every day if you eat once a day. We can't afford to eat a meal every day or once a week most times so we've been eating poison from cans and ultra processed foods that are cheap. The stores are getting worse and worse and the only thing that makes sense is to cook 50 dollars worth of food and eat it for 3 or 4 days. But even then it costs too much and I used to make good money. Now my paycheck is gone before I even get to see it. Wish that these business and greedy people would make it make sense that in the richest country in the world people can't afford to eat.

[@SirCarlosMusicBMI]

🎉🎉🎉 I was a Restaurant owner for over 32 years and just recently sold my last restaurant, the building and Liquor License ($325,K just for the license) and now retired. It just got to the point where I couldn’t make enough money to keep it going. But I was blessed to be able to run 2 full service restaurants for over 32 years. I consider myself to be very lucky 🍀. I feel for so many other small business owners out there who are just getting crushed. Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@holson2112]

The current policies are choking everyone out. Weird

[@justSTUMBLEDupon]

325K for a license? Wow

[@SirCarlosMusicBMI]

@@justSTUMBLEDupon Ridiculous right?? That’s California for you 🤬

[@mrbob19561]

Yay newsome a money grifter ..your money

[@thomass789]

Well the state of California had the chance to vote out Newsom a couple of years ago, and he was against a competent opponent in Larry Elder, yet the people of Cali “spoke” and chose to keep Newsom. Cali is getting what they deserve.

[@willlywillly]

The recession started back in October. If you can find a good deal, don't buy a house. You will need your cash to survive.

[@ReventureConsulting]

Thanks for the comment. Cash liquidity will become more important as the downturn worsens.

[@DannyBurakov]

What definition of recession are you using?

[@Yui789esss]

What happened in October? 😂…wasn’t the recession supposed to happen after silicon bank collapsed? …what’s the excuse now?

[@Pirateslifeformematey]

Recession is delayed due to higher spending well money printing to Ukraine

[@plektosgaming]

If you do have cash, pay off your debts. I live, including rent, on about $2500 a month. The rest goes to pay off debts and I'm almost done with my last credit card. $2500 a month is minimum wage, or close to it. Two years ago, I was burning through 4K a month and not getting ahead at all.

[@plektosgaming]

I think it's heading towards a depression. Just like 100 years ago, the working class are sucked dry and an economy that is run off of consumerism simply now has zero forward movement. People don't spend money because they can't. Last night I was very hungry and could have gotten some fast food, but instead came home and spent 30 minutes (still hungry, including time to drive home) to make a burger. To save $2. I just simply don't buy anything, any more, unless it's absolutely required. I find that I've been, over my lifetime, a fairly representative/average person in terms of how things work in the economy. So, if I am at that point, it's nearly everyone.

[@divinelycreated4him]

70 percent of my income goes to rent. I don’t have anything left after bills. But supposedly the economy is great 😂!

[@JDproAV]

Same here!

[@therealmcgoy4968]

I’m 35 and live with my mother because renting or buying a house is out of sight. I don’t want to work three jobs to survive.

[@NuNugirl]

How was the Berger, compared to what you would have been overcharged? I’m sure it tasted so much better and you know exactly what you’re putting in your body. There is a real satisfaction in that. That’s why I cooked from scratch for my family, as much as possible. Multiply 2 by 7, consider the average meal, snacks, and drinks in a day and you save a lot. That’s what my mom had to do. My parents did that for everything and they retired well.

[@rlctheproducer9235]

@@divinelycreated4himsame

[@charliesargent6225]

I'm laughing...$400 sq/ft for that home, neighborhood and city is a JOKE.

[@squashua16]

Private equity has sucked the value out of so many once beloved places. Their life cycle is coming to an end.

[@johnrubino7604]

Great point!! Private equity finds any profit left in the business and takes it out via slapping the business with bank debt. After that they don't care if it goes bankrupt.

[@francismarion6400]

Private or Institutional, like all union/government pensions are invested in?

[@ShhCaka]

The private equity playbook has been running wild for quite sometime. Soulless

[@francismarion6400]

@@ShhCaka The only people who have enough private equity to influence anything are Putin, Gates, Zuckerberg, the Google guy, etc. All very outspoken world government advocates.

[@skybiz4520]

@@johnrubino7604 Yeah good luck buying "Real-Estate" .. Insurance 10k Property taxes 20k.. And ? You are not buying anything actually as All properties own by the State... Wake the f** up..

[@user-zo5rq4wd5w]

Boston markets died years ago and have been shutting down. They lost there mojo food suffered would not change

[@divinelycreated4him]

A Bone fish grill shut down in the plaza I work in. I was shocked because the area is very affluent. Aventura Florida.

[@magiala5577]

You haven’t lived there long enough.

[@jsd354]

You need to be wealthy to afford a meal at Bonefish.

[@francismarion6400]

Those type restaurants suck anyway.

[@charmainmorrison8615]

They also can’t find staff to work. The housing market is too inflated for service workers.

[@redtiger7268]

The reason is because across the county each location had garbage management. They have almost no marketing and just expect people to come in and overpay for poor quality cheap fish. They have been having financial issues for years.

[@Juliet875]

Congratulations Nick you were mentioned in Newsweek online regarding Housing. Way to go! 👏 👏

[@holson2112]

Wow congrats. newsweeks sucks tho lol

[@therealestake]

Nick was mentioned in a magazine that died before he was born? Wow!

[@Juliet875]

What magazine? I said online, apparently you didn't read ​throughly before making a troll remark. @@therealestake

[@grailing5031]

Florida doesn’t need to grow at all, it’s maxed out. Traffic is horrendous

[@Andrews.1]

Too many people. Prices Too high. Home insurance is bad. Wait until the next few hurricanes bury the tax payers.

[@secretagentcat]

thats what happens when you pick people who dont want light rail or metro

[@zero_dbmv3322]

It’s a ponzi it must grow

[@sues3218]

Same in Boise Idaho.

[@houseofshred3725]

We're full. Thanks for looking.

[@AlfredoDooleyHernandez]

Boston Market has been dying a slow death since 2007. Between then and 2012, they cut the amount of restaurants by 40%. Even during the good times they were losing money and closing stores. They also got sued and this is what happens.

[@dougcook5167]

MAHA - Make America Healthy Again! Avoid the fast food and cook at home cheaper and healthier. Another KZbin hero of mine besides Reventure Nick is Chef Jean-Pierre

[@Adriana-hx1bf]

This is already happening, we learned from the pandemic that it is better to eat homemade food!

[@dynodon9182]

What recession? Los Angeles just built $600K luxury homeless apartments. With gym and sauna.

[@audiophileman7047]

Gotta keep those homeless voters happy!

[@MrSteeDoo]

If you have an apartment you are not homeless.

[@sasapopadic384]

😂😂😂😂 , NSL was right with Calafournians...They are total phanthoms in this galaxy...😂😂😂😂😂

[@dmo848]

Ahhh they are just wiping their asses with money that will be gone as soon as those sorry people start living there😂🤷

[@Patching4Health]

Food service needs to pivot to more food trucks, mom and pop stores and not these high overhead chains with big franchise fees.

[@CZAR-OF-SARCAZM]

I'm old enough, to know and notice that things are not well.

[@user-ig3kn2ly2x]

Friends: Back in 2009, I was doing well, living a middle class life, etc. Divorce and constant job loss ruined me. I was cast into poverty, and to survive it, I had to relearn and learn new dogfighting skills about life and people. Thing is: that was 14 years ago. Yes, I recovered, but many won't, so sorry. To survive, you must now learn how to live on less. If you want good food, best you learn how to cook the basics. Want a good haircut, buy your own trimmer and learn how to cut your own hair. You want to enjoy a movie, watch what's on free tv. You want decent clothes, learn to wash your own and wear til they wear out. Want to eat out? Only go out when there's specials. In essence: Just cut back for awhile til things change.

[@InMyBrz]

SMART THINKING TOO many people are spoiled rotten and will TRY to live off their credit cards till they get cancelled- the new homeless Can only blame themselves for their situation

[@lanajones5114]

All the fast food businesses should go out of business. Bad for your health and waistline.

[@T00124]

Agreed

[@udaan2001]

Fast food is for hungry.

[@buy.to.let.britain]

thats none of your business though.

[@MB031]

Boston Market is down already 10 years..lol. Walmart and Costco are killing every retailer now, it's always packed there !

[@SenorChuubs]

To be fair. Boston market was literally disgusting.

[@mr.makeit4037]

I ate their once in the 90s. It was fair, but never went back.

[@dmo848]

It was expensive but very good I thought

[@socalrockergal3727]

It was pretty good when I used to go there but I haven’t been since before COVID. The one I used to go to has since closed.

[@PolishprinceJG]

It sucked and a ripoff and always dead where I lived in Florida

[@warrencrawley8300]

I have a friend of mine who is in Orange County as an appraiser. He is telling me that a lot of his work is people who are taking equity out of their homes. I believe it's probably because either they don't have the money to survive in this economy, or they're waiting for the downturn while harvesting the cash in their bank accounts.

[@mrbob19561]

Should keep it out of banks 700 are insolvent now many more on the way because of commercial mortgage back securities. The ones who need to refine aren't and giving them back to the bank ..large builders will start then all the stores for lease the owners will file bankruptcy it's going to be yuge

[@henrywinterheld1773]

HOA's, not just in Florida but everywhere, just need to go away

[@katydid2877]

How do condos do maintenance and pay for insurance?

[@994pt4]

I loved our HOA...keeps the trash in line!

[@henrywinterheld1773]

@@katydid2877 You're right of course. My focus when I wrote that was for neighborhoods. I don't really think they should be disbanded, just reeled in more. Some of them take their position to the extreme. jmo

[@katydid2877]

@@henrywinterheld1773 I’ve never experienced that, but I’m not sure how an HOA can enforce rules that don’t exist. I think many HOA issues come from people not reading the CC&Rs thoroughly prior to closing, then being shocked by the rules they agreed to.

[@rafaelperez8596]

HOAs serve a purpose that many people can't seem to do themselves. I'm part of our HOA 3 years now. I knew the CCRs when I closed. And I accepted the conditions, nothing is extreme in the rules. People still don't take care of their home appearance to maintain a good looking neighborhood. Simple things like pulling weeds, not parking on landscaping, storing trash. These are the main issues. We aware, and warn, and warn, and then assess a fee and still get complaints. I'm a homeowner too so I have to upkeep my yard too. Anyways, homes are getting very expensive here and it's crazy to survive for new buyers.

[@JBoy340a]

Not unusual. We saw this in 2008/2009, 2000. And throughout the 90s. When people don't spend stores, restaurants, etc. go out of business. It is economic theory at is most basic. Those businesses that have the formula to inspire customer to spend will survive. Those that do not will die.

[@enthused7591]

Yep, but the people still holding onto their job by a thread will call you a conspiracy theorist because they got a 10% raise in 2022... even though all their bills are up 55% and they're slowly watching everyone they know lose their jobs and struggle to afford insurance, taxes and food.

[@patrickwade3150]

Lots of brick and mortar stores closing or are in trouble big time mostly because of the huge shift of people buying online. Malls are self destructing. Us older people used to enjoy the experience of in person shopping, and enjoyed a day out. The younger people who have grown up in the internet age simply buy online. It was really downhill during covid when stores were shut down and people were forced to buy online.

[@MrWphilips]

News- Congress is working enthusiastically to give themselves a significant pay boost? You got to love how they take good care of themselves!

[@William-rs2rr]

There was an over saturation of garbage fast food restaurants, dollar stores and bank branches everywhere. There might be massive closures coming I just don't think this was it.

[@hungp.8191]

But the Feds insisted that everyone has plenty of money in savings 🤣😂

[@1971_Chevelle_SS]

You don’t understand, supposedly the stimulus money has had folks flush with cash. I guess some how I missed the boat, I only received little over $1k stimulus and that didn’t cover a pulled tooth and replacement I had at that time.

[@Eric.1I37]

@@1971_Chevelle_SS 18-25 year olds still living with their parents also received the cash. Since they have little to no expenses living with mom or dad, they spent it eating out, travel, or buying something they wanted. Hence why retail and restaurants still hung on until the stimulus money stopped and the inflation hit from the government “printing” all the stimulus money into the economy.

[@ArturGrigio]

I’m starting to get tired of people blaming a $5/hr increase as the reason for restaurants closing. These businesses are under so much stress from rent, taxes, CoGs, that the minimum wage just happened to be the last straw. This closing wave was 4 years in making.

[@MrSteeDoo]

OH well, out with the old in with the new.

[@atombomb31458]

restaurants are notoriously shakey businesses.And the snall places couldnt take part in PPP to any extent while richer/bigger businesses did ok

[@mr.makeit4037]

​@@MrSteeDoothe new: Eat at home.

[@toddwerther188]

Agree. Most of these failures were due to the free money available 2018-2020 that is no longer free. Now businesses have to stand on their own.

[@dmimcg]

More third world immigration will bring more business to us all. Joe Biden is doing the right thing. Biden Harris 24!

[@Evermorecurious]

This recession should’ve started in February 2020. COVID delayed the start and then stimulus spending spiked up inflation to increase the impact we feel now.

[@Silverman96]

Just watch the government will do that stuff again once we see the stock market crash.

[@RedGottie]

The Biden administration and the Democrats are desperate to prop up this economy. They don’t want an obvious recession right before the elections.

[@CrzyDucks]

Hey you’re in my my hometown You’re absolutely right Bankruptcies are in a huge spike in this area

[@shannondavis5728]

Florida prices are like California & New York when it comes to prices or cost of living but incomes/pay scales aren’t!!!

[@cameronjenkins5304]

I have been watching since 2021. My first reventure consultanting was "Recession in 2022?". It's been a great ride Nick. You were spot on on, with the exception of timing. I knew prices would fall after the bank failures. Colorado is crashing. Look at the homes in Sterling Ranch. They are recent buyers competing with the builder since their taxes went up by 1000%.

[@DIVISIONINCISION]

Are you still wasting money at Chili's when you should be cooking at home, though, Cameron? That's what we need to know.

[@cameronjenkins5304]

@@DIVISIONINCISION We went out to Chilli's tonight! 3 for $11! Sike! I saw the the inflationary Depression coming years ago. We have been cooking at home like we normally do.

[@RedGottie]

It should have happened already but the constant overspending by the government is falsely propping up this economy.

[@toddwerther188]

@@RedGottie Name a time when the government wasn't constantly overspending. I'll wait.

[@Notaslave1961]

I own a small flight school and costs have just skyrocketed and I notice a lot less new students. It's so expensive now for the young people to pursue flying as a career.

[@benjaminolsen2381]

Yeah young people are getting attacked from every direction. It's a hard time to grow up

[@bryanarnold8543]

Interesting. Thanks for sharing. Hopefully your school picks back up. I don't like to fly personally but we do need pilots.

[@dedriannehartgers629]

That house is not only over priced it is too small for a three bedroom. The greed of sellers have to stop.

[@isaacwolowik]

Nick. I really love to see you in the last few months with your boots on the ground, visiting, various places in the states. I believe you’re right on the money, and based on what I see the real good deals will only be in 2026. Right now it’s just the beginning.

[@ReventureConsulting]

Thank you Isaac!

[@doubleleterlady]

There’s a McDonald’s down the road that has been under construction for the last six months. They put up a fence and signage saying it was “under construction” I haven’t seen a single person or piece of equipment go in or out of there since the fence went up

[@MrSteeDoo]

are you monitoring it daily?

[@mr.makeit4037]

I've seen this on jobsites as well here in ne Texas. One at an apartment complex near Mckinney Texas. And a large gasoline station/retail center east of Dallas Texas.

[@GirlNextDoor1968]

Retailers can also think about how they are treating the customers they STILL DO HAVE! My family and I have United Airlines travel perks and take a lot of mini vacations. We just recently had two nights booked at the Renaissance Place in Palm Springs, CA and were treated LIKE SH**!!! We are Bonvoy Gold Elite members of Marriott, but even if we weren’t! Unreal! It is supposed to be a 4 star luxury hotel near downtown. But, we had NO WORKING air conditioning in our room. There was also NO air conditioning cooling the hallways, elevators, or common space! When I asked for a room upgrade for the four hour trouble repairing the air conditioner, they rudely and purposefully gave us a room with a view of the dumpster and an ugly old wall! And it was done ON PURPOSE because the front desk took issue with me complaining and told me if we wanted a nicer room we could have booked one and paid for it!! Unreal!! It’s the slow season in the desert so you’d think they’d happily accommodate us for coming there in 107 degree heat! But NO!! And they refused to give us our money for the second night back so we could leave. We had to tough it out. The air conditioning went out again on our second day there. Extremely unpleasant. I read the reviews and this no air conditioning stunt has been ongoing for a very long time. After our second miserable night, we checked out at 5:30am, flew to San Diego, and stayed at the Westin and that was wonderful. NEVER stay at Renaissance Place on Tahquitz Way in Palm Springs!!! Do not patronize them!!! I am appalled!!!

[@pajamamama5965]

Great video! We waited for the housing downturn in Florida and it just seemed like it was never going to happen. So we used the money we had saved up for our Florida down payment to pay off the mortgage on our northern home instead. Now I'm really glad we did it. We've had some amazing opportunities open up as a result. Is it's incredible to be debt free finally. It was worth the almost 30 years of frugal living scrimping and saving.

[@bardacat16]

It's also with cars , retail , fast food restaurants , small businesses which employ 46% of people.

[@juliedurden9479]

I agree…my son in law works at a dealership (fortunately he’s not in sales but service), and he says the sales of vehicles have slumped dramatically.

[@scottperry7311]

What will happen in Florida with the next housing crash will be what happened in 2008. The cities got used to all the tax revenue from inflated housing prices and spent like wild thinking it would never end, all governments do this insane thing. They then cried and cried when the crash happened because they were addicted to overspending do to the inflated prices. Large areas of development became ghost towns for years. Lastly a lot of home owners who were foreclosed on destroyed their houses before the house went back to the bank. So buyer be ware when buying a foreclosed house you think is a "deal" it could have all kinds of damage costing thousands if not tens of thousands of dollars to fix. I just saw it in my neighborhood where renters were evicted, their main power input into the house was destroyed (big $$$ to fix) the pool and carpets was destroyed, and that's what I know was damaged and this was by evicted renters, imagine a homeowner who is super angry and losing a lot of money and being forced out. By the way Publix is way expensive, I go to Walmart. Publix can charge over a dollar more per item than Walmart. I also called, a few years ago, that the restaurant business was going to be in big trouble with inflation and the lock downs. It happened slower than I thought it would but it did happen and it has a long way to go.

[@magiala5577]

I think it is going to be worst this time. The only visible effect in Florida during 08’ in my opinion was Lehigh Acres. I believe central Florida and Jacksonville are going to get hit the hardest this time. Yes, Miami will take a hit but there really was much frantic building that way unlike the north.

[@carylhalfwassen8555]

Publix offers great personal service unlike Walmart and the sale items, especially buy one get one are good deals usually. I love my local Publix. Still Walmart purchasing power is good for consumers on a tight budget. I go to Walmarts that are located in safe and clean areas only.

[@jc1979af]

Even if housing crashes, the county will keep the appraised value high for a few years to keep collecting that tax money

[@carmenhealer4635]

Just ate at a busy restaurant but the food is healthy Indian, lentils, vegetables. Goodbye diabetes provoking fast food restaurants!!

[@suburbankaren5137]

Our Boston Mkt closed "suddenly" just a few months ago. It was steadily busy, had a drive thru. On a very busy intersection too. I miss it!!

[@maximussilverstacker3928]

Hers too in upstate NY Boston market has closed 😮

[@johnpauljones9244]

My parents used to own a restaurant, and finally retired 3 years ago. I was relieved when they got out. You are correct about how expensive things have been.

[@ZeJanitor]

Working in a distribution center warehouse. I’ve seen a lower volume in ordering product and shipping companies that would deliver products go out of business.

[@HE360]

I'd say this, for those who are having trouble finding a job, come drive a bus. This is one of the few sectors that's HIRING despite bad economy, A.I., or whatever else. Despite a bad economy, there will always be people who have places that they'd NEED to go; especially if they don't have a car. Plus, it's great pay, great benefits, it's stable; I meet great people, I get PLENTY of free time, and I PLENTY of days off. In fact, with my days off, I travel. I went to I'm going to Peru in 2 weeks from now, last Winter I went to Mexico, and in the Winter, I'm going to do a tour of Europe going through Spain, Portugal, Italy, and other places. So, this is something to think about too. Sure, you'll need a CDL, but if you work hard, you could have your CDL in a matter of WEEKS and then the world would be at your feet.

[@dmimcg]

Yes, they are hiring bus drivers where I live too. $15 an hour. I love BIDEN America.

[@andrewgleason586]

The grocery store where i live is extremely busy from morning to nite every single day

[@edthelazyboy]

I started going out much less as menu prices and tipflation got out of control. I was forced to learn how to cook during the pandemic and realized that many menu items aren't that hard to make.

[@szvqorwnpstahskypfwmp9821]

Bro, you speak very well and eloquently. Not over the top, but just facts and very informative information. I am learning a lot. Thanks!

[@zero_dbmv3322]

Welcome to my neighborhood. Pinellas is so overvalued right now 400k for a 1950’s retirement cottage, who is buying these?

[@mrbob19561]

Stupid people are buying

[@1971_Chevelle_SS]

I’m wondering that too, average home prices nearing a half million and pick up trucks at a hundred thousand, where do these people work to have incomes that can sustain those things?Everyone doesn’t have the big guy as their dad, like Hunter.

[@Yui789esss]

@@1971_Chevelle_SSpeople that bought in 2020-2022 are up big right now and they have the means to buy bigger houses …. Also, people that sold their stock in 2022 and sitting on cash have been gaining 5%+ a year on it …. Nick keeps asking the same question

[@dmo848]

Lol u should see the houses up north. Ranch style home for 500k on next to no property looking in your neighbors windows, that's how close you are. 😂 Florida is a dream for so many cause of the open land. Some of us never had land before. Always rented

[@zero_dbmv3322]

@@dmo848 where I live in Florida it’s very urbanized and the lots are small. I’ll be the price per square foot is almost as much as up north. Most of Florida is this way now.

[@kw2268]

Been with you a long time Nick. Congrats on channel growth!🎉 you’re right. We need prices to come down. It will be hard for some, but long term everyone benefits.

[@sonicxtasy]

Wish I knew you were visiting Largo, FL, I I'm about 7 minutes away from that closed Boston Market and Tijuana Flats. I would have loved to come by and say hi. You are absolutely right that a huge decline in the cost of housing would be beneficial for everyone. I would happily take a 40 to 50% loss on the value of my house (and every other house) so that my kids might be able to afford a house.

[@johnrubino7604]

4 hours ago, Bob Stores ( discount furniture, 20 stores mostly in the northeast) and Eastern Mountain Sports, ( camping and other sports) filed for chapter 11 bankruptcy. In their filing they stated extreme cash shortage and no lender)

[@user-et2fd2di5t]

In scottsdale, Safeway empty, Costco packed with shoppers

[@keithn4304]

Scottsdale used to have a Sam's Club. It was less than a mile from the Costco. The location was even better, and they had a gas station, etc. I personally preferred it. But, it shut down because people in Scottsdale were too snobby to shop there.

[@wandasilver3914]

honestly no one can afford higher prices. We need a correction with prices and the housing market. rents are way too high. the grocery store is draining our wallet. it was 2 years ago when my family pulled back because of inflation. I am not sure if the consumer is pulling back or if the data is just now waking up to their being less demand. We moved from Texas to the Midwest for cheaper rent and homes. I think in 2024 & 2025 you will see more people move to more affordable areas.

[@bryanarnold8543]

What area of Texas were you in? It is definitely not affordable like it used to be but this seems to be pretty thoroughly widespread around the US.

[@dan-qe1tb]

And I had moved from the South Bay to Texas. Lots of people can afford higher prices, especially if they had moved from places like Orange County. Lots of people who complain about how broke they are and how expensive everything is, actually have good incomes but don't manage their money very well, and spend a lot of time trying to play the victim. I find such people exhausting. Nobody HAS to go on trips or eat at restaurants or buy booze or cigarettes or own a $50k SUV or live in a single family house.

[@TrolleyTroubles10527]

I literally have been watching your channel for YEARS! I have been wondering when you’d come to Clearwater FL!

[@ThomasPotato]

In regards to the Boston Market, that's been dying since even pre-COVID, that being said, yeah, restaurants are feeling the pinch.

[@MrWphilips]

The rent is too damn high!

[@advertisercommerce6990]

Don't forget that most restaurants close within 5 years of opening. McDonald's does extensive research in the area before evening considering one, and they still close 1 every 7-10 years (corporate stores), franchise are about the same as the national average. It is not just the economy going down, it is we are returning to NORMAL business cycles and business practices. With no more "free" money from the fed, this is/was inevitable.

[@davidwilliams4498]

Not in my old hometown. A lot of seniors like to go out an eat.

[@HipHopCantSaveMe]

We are never going back to normal. We are $34 trillion in debt. We can't go back to 2019. It will continue to be volatile and get worse as we go on

[@jsd354]

@@HipHopCantSaveMeuntil the explosion of the economy. No political party has the guts to do what it takes to fix the debt and inflation. Nobody is coming out of this happy. The opportunist will not benefit. Most political populous people will be hated for their good fortune.

[@janetbusener6326]

I'm Atlanta, shopping centers are torn down and replaced with apartments. Where are the apartment dwellers going to work? Turn shopping centers into factories. Make America great again. 😊

[@lazynow1]

Boston Market has been in decline for years....

[@hag12100]

In my area in Nevada, the warehouses and associated industries have more empty real estate. Less goods are being moved. The economy is in a bind due to stagflation. We could end up in a depression if the Federal Reserve isn't careful.

[@asilgado9642]

reventure consulting guy! you just passed by where I drive everyday! that boston market has been shut for almost a year I guess. I just feel happy that your at my city. Wish I could have met you man. Enjoy the visit!

[@Finny24]

That’s on the corner near my neighborhood. What he doesn’t show you is the brand new Habit Burger and Raising Canes chicken two blocks away. They just build a new sushi restaurant and village inn also. And the strip mall with Tijuana flats has always had vacancy.

[@ronaldcampbell2954]

Hate to tell you, dude Boston markets have been going out of business for years

[@mr.makeit4037]

Yeah they never seem to go away

[@jamiecrawford8133]

Right I remember their TV commercials with football player Will Shields 20-25?? years ago haven't seen a TV ad for them since...

[@klobasa007007]

Dont worry about it, everything is fine....stock market is at ATH, nothing to see here, everything is fine.

[@mrbob19561]

Keep smoking

[@klobasa007007]

@@mrbob19561 wanna share?

[@maxpyn8120]

This happened in South Africa already in the 2000s. In a way more small business will pop up from home. Lots of spaza shops take aways from home and ppl survive prices of goods are also cheaper

[@elvirastewart4183]

Thanks for the updates.I appreciate it.Always wants to be inform.We're living here in Utah,our house is paid off.But still living frugally because everything,prices goes up like our prime commodities like food,gas,insurances,taxes and almost everything are getting expensive.I'm still working as Independent Contractor-self employed,but still anxious with our country's economy

[@SolomonTheStoryTeller]

This guy has been calling for housing crash everday for the last 2 years...

[@joelsnyder8177]

Im in Broward county FL and every plaza has leasing signs and the plaza are emptying out with out new businesses filling the spots 😢 small business are getting killed in Florida

[@jeffreysmith2622]

And, they keep building more strip malls. I saw a new one constructed in Coral Springs

[@ronsilva7394]

Was in Costco yesterday . More 1/2 empty carts than I’ve ever seen . I’ve been shopping there for over 20 years .

[@codger8]

We have 3 new restaurants a carwash and a liquor store that have opened in my town in MN this summer. A Chipotle , Scooters coffee, liquor store and about 100 homes are being built. They just changed the zoning of the house I bought 20 years ago to Multi use and my taxes are rising tho.

[@CobraCommander11]

1:40 this is related to Florida not having any decent paying jobs.

[@katydid2877]

What type of work and pay do you consider decent?

[@InMyBrz]

NO DECENT JOBS and NO DECENT WAGES- THAT is Florida republicans game

[@katydid2877]

@@InMyBrz There are no trade schools, community colleges, tech high schools, or universities in Florida? I had no idea.

[@andrewgleason586]

Cost too much too have a profitable business,the expense is too much now,not enough profit margin to be worth it ...

[@audiophileman7047]

Depends on where you live. California makes it extremely difficult to be in business from every angle.

[@avlifesavers]

Bowling green FL house for $110k. Everybody judges FL pricing/availability by the coast, which is not representative of the whole state.

[@themeparkamusement2214]

LOL! "it says no trespassing" 🤣😆😂 Thanks I couldn't tell what that said!

[@michellebuckhoff1649]

Boston Market left California a number of years ago!

[@roguea987]

Ooh a new video about the housing bubble.. wait that looks like our old Boston Market. Holy crap he's in our city. Context, that vacant corner space was a bar called Fat Cat Tavern. It was a great place full of regulars. However, there was an incident made public on Facebook between a waitress and a regular customer arguement over a tip that was forgotten but briught back later. It ruined their reputation and the bar was gone within 3 months. They were probably struggling already; but, that probably ended their steady income. I'm so glad you didn't show our house that happens to be on the market in the area! 😅

[@lindalincoln1652]

ISO appreciate your insights…thank you for keeping us up to date!

[@MisterGrumpalicious]

I was parked at that Boston Market a few weeks ago. Funny.😂😂😂😂 Publix is too expensive. Walmart. Aldi's. Dollar Tree. Lots of homes for sale plus tons of rentals have popped up the last few months. I talked to a guy last night who has some vacant property in Pinellas Park. 1100 a month. Can't find renters who can afford it.

[@enthused7591]

Yeah I used to love Publix before Covid for their BOGO deals and $4.99-$5.99 whole sub deals. Now I rarely buy anything from there, and their whole subs go on "sale" for $8. Pass. I probably used to spend $200 a month there, now it's more like $40 a month. Aldi gets 90% of my grocery business.

[@ah-yp6vp]

Home is only worth 7-800 a month tho

[@craigbullock9250]

I lived beside Publix a few years ago and drove 2 miles down the street to Kroger because of the prices.

[@jimsullins9162]

Well heck, my sister wants to move to Florida and I looked at the incredible rise of taxes and insurance there. It's crazy expensive there !

[@JSPRKL]

There is no state income tax and the homeowners insurance is way worse in S Florida. Solution: rent.

[@mrbob19561]

Nope wait five years

[@uprailman]

Just adjustment in business. Just got back from Walmart it just Chuck full people buy the stuff parking lot was full. Then we went over to Kohl’s. Parking lot was full thinking it’s Christmas. The line was 25 deep with four registers.

[@mmccarthy9458]

This is a Boston Market problem. Their food is absolutely Sodium filled garbage. Other ethnic mom and pop restaurants are doing well in my area.

[@Jameson77777]

I’m in Connecticut and all the Boston Markets here had their stores closed for not paying rent. It was a big news story when it happened. One day they were open and next day all the locations closed.

[@captng]

Same experience as Reno Nevada..here today gone in the morning

[@CalvinMorris-cf8jk]

man just think 4 short years ago Biden was talking about building back better and leaving no man behind and that is what America voted for. what the hell went wrong.

[@SigFigNewton]

Trump and Biden administrations oversaw tons of federal reserve money printing. Which always transfers wealth from workers to the wealthy Inflation benefits asset owners.

[@mrbob19561]

15 million illegals sucking cities dry..policies funded wars

[@MrWphilips]

You voted for a man who had no intention of honoring any of his campaign promises! Biden- “Nothing will fundamentally change!”

[@kirkfreiheittube]

funny how no one talks about the two $1 TRILLION dollar coins that were minted for covid economic support and handed out by Manuchin with absolutely no accountability (literally zero public bookkeeping released). I’ve never heard a Trump supporter complain about that money printing! 😮

[@mrquattro180]

They called it build back better but when you actually read the details it was far from anything that us normal people imagined it would be, if you're a mad globalist who wants to control everything and Rob the middle class of wealth then it was build back better, better for the globalists.

[@davidknightx]

Expert in personal financial budgeting here. I make $20/hr and would have to work 120hrs a week (at leaat) to afford a studio/one bedroom apartment in my area. The average is $1500/month.And no, I don't live in NY. I live in south-west WA. The store I work for is always understaffed and will hire almost anyone because they're so desperate. Soon, this place will look just like San Francisco. Nothing but empty buildings that Wall Street uses for investments.

[@eddyeroyal6024]

I drove by a Boston market in dallas where it started, i even went to the original one the people was great. He problem was they got purchased years back, and they changed the way the food was being prepared. So people stopped spending money.

[@rapsheets4993]

Stock market at ATH, homes hit another record high in May. This guy can't stop taking Ls

[@mrbob19561]

It's all fugazi it's not sustainable. It will happen fast

[@scottstempmail9045]

One day he'll probably be correct. One day.

[@rapsheets4993]

@scottstempmail9045 sure after prices go up by another 50%. They will pull back 3% in 2032 and he will say told you. But if you miss time it you are just wrong. Prices are never going back to 2020 prices, actually prices are never going back to 2023 prices.

[@aviationnerd7806]

Some of the few people with common sense in this comments section

[@michelleadams5609]

These businesses are not necessary and serve overpriced meals. We had a Boston Market but few went in during good times. It's so cheap to go to Costco and get chicken. The demand wasn't there. If you want to find the people go to chick fil a. We just opened three in my town.

[@ReventureConsulting]

Thanks for the comment.

[@luckyme2323]

Thanks for your hard work on providing the information for this 👍

[@blinkerlp182]

Holy cow!!! Nick!! You were in my neighborhood!!! 🤩🤩🤩 I’m blown away… 🎉

[@Bailemos888]

This mainly due to online ordering, food ordering also online, etc.

[@ReventureConsulting]

Why would online food ordering mean fast food restaurants closing? The food still needs to be made.

[@dmi1571]

The 40% commission the food apps charge forces the dining in prices higher to subsidize the delivies and to make the delivery part of the business to the ordering custome is not so badu