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In this short clip, Patrick Bet-David, Bas Rutten and Adam Sosnick talk about the household wealth dropping by 13.5 trillion dollars.
Watch the full podcast here: https://youtu.be/FBg6kzsAJYk
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What surprised me was downward rental pressure? I know inflation took more income because prime borrowers car repossession sky rocketed pass subprime for the first time. What is going on with car dealers? What happen to supply and demand? Retailers are getting crush. Debt levels and job loses are not good. Distance future looks possible, bright? I guess
Sounds like a sale to me. Good times.
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
The stock market is and has always been the best place to make substantial income. Which is why I still find myself pumping funds into the Stock market and trading aggressively, Away from all the distractions around. I still make profits from my investments, made $260,000 last year.
2008 again on the horizon
Pat you have always said June 2023 housing equity will drop drastically…..
Agree if living in home 10 years dont worry about it….
However if 1 -2 years you got trouble…
Pat you are spot on…
🙏🤠
In fairness, the 13.5 trillion is ramped up due to inflation haha
Revolution, when?
This is how the Govt deals with inflation. The destruction of wealth lowers inflation- caused by Govt spending…. So when the Govt spends, YOU Lose.
I guess I'm below average because $5,000 seems like a lot of money for a house payment
Democrats.
That wealth wasnt real, as shown by skyrocketing inflation. Either the fed returns things back to reality, or the free market will.
I’m lucky to live in the house I grew up in, there’s no mortgage and since I’m basically the only child, I stand to inherit a couple properties. I have always worked and realized that I would inherit them so I basically just pour my money into making it my dream house so even though I’ve been making less than 40k, because I stay out of trouble and keep a close eye on my drug and alcohol intake, I actually live a pretty comfortable life.. I read a book long ago with a parable about a field of diamonds and I’m lucky to realize that and remember in this world everything is a fight for territory. If you leave your parents to fend for themselves, they will be preyed on, it’s a jungle out there so if you have it good, you’re lucky too
A lot of folks, even after the coronavirus, didn’t learn to keep working/save money.😬
Enjoy your cable tv & door dash…
Globalists pulled the greatest rug pull on the world… "You will own nothing and be happy"
Let's go Brandon!
PBD simplifying it 🔥🔥🔥
my greatest happiness is the $28,000 biweekly profit I get consistently
It will disappear with home equity
And so will your investments. Arguably your investments havent made a true profit in many years
And selling your stocks at a higher price to a foolish investor doesn't count. Someone is going to hold that worthless stock paper in the end
Stock market and real estate is not the heartbeat of an economy
The truckers proved that
Always have a house before any investments
Always pay your debt on your house before you gain more debt with credit cards
Life is not overly difficult. Choices are the difficult part
I saw screw paying credit cards.
Sell and buy a house without a bank involved. Barter system
Banks create money in economy when they open mortgages and loans. They create the very money and charge customers interest on money they created. Debt will always outpace cash. Since the cash used to pay back loans is cash made from your employment. Eventually there will be more debt than cash because of interest rate.
All on Biden’s watch. He must go.
videos about how bad the future looks but hey……buy these hats b/c the future looks bright lol
Can you please ask your buddies at Goldman Sachs and black rock to not buy up tons of single family homes? Also can you ask any food distributors you may know to not increase the prices of food beyond actual input/distribution prices increases? Would really appreciate it thanks. I know they and other companies would absolutely never contribute to price increases for more profit that leads to people having to increase their debt to make ends meet, but just want to cover all bases.
Mrs Sonia is legit and her method works like magic I keep on earning every single week with her new strategy
Can’t even afford to rent