Why It's Harder Than Ever to Buy a House
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- čas přidán 27. 09. 2023
- Excerpt from This Past Weekend w/ Theo Von #464 - Robert F. Kennedy Jr.
Full Episode: • Robert F. Kennedy Jr. ...
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If a presidential nominee isn’t calling out Blackrock, state street and vanguard then they don’t deserve to be president. RFK all the way.
@@invisible_empirethat type of thinking only sinks us deeper where they want us
lol u know balckrock vanguard etc are so big due to your 401k n they are simply doing what they are doing to maximise yield from their investments so you have more money down the line. the whole debate of “they” is so stupid, cuz technically ”they” are you
@invisible_empire yeah and thats why you're sad. Anything is possible.
@@invisible_empiremaybe you like the feeling of hopelessness, but most people don’t. So you can drown yourself in self fulfilling hopelessness while people fight for a better world
People need to storm the homes of black rocks leadership and every office the have.
They have to be force to liquidate every home they hoard. And everyone must not be allowed to profit.
This is the first time I heard a politician break down the direct correlation between the homeless crisis and Blackrock, State Street and Vanguard.
How is he a politician? What office has he held? If you apply for a job to be a plumber, but you don't get it, should we call you a plumber anyway?
@@kcor4 He's running for president. So he's entered the world of politics. Therefore he is a politician. Definition: "a person who is professionally involved in politics, especially as a holder of or a candidate for an elected office". That clear it up?
There’s a reason they keep killing the Kennedys.
@@kcor4Bruh he’s a politician lmfao he is running for office and comes from one of the most well known political families in the world dafuq you smoking and unlike you I prefer my politicians to not be “career politicians” absolute vermin absolute garbage humans that class of people are.
@@kcor4bruh apologize to the comments😂😂😂
We MUST make it illegal for corporations to own American homes.
this is the only thing that made sense in these comment which really sucks i can see the grand picture of rfk not having a valid chance against red blue oligopoly not sure if its is theo's dem or independent voter base . america is a corporation and they "own" your home no matter what
It would be one thing if all they were doing was buying up our property, but they are intentionally poisoning us all.. These AShkenazi run companies are literally poisoning the environment, and intentionally orchestrating chemical spills all throughout the country. Someone needs to go and start liquidating Blackrock execs and the Rockefellers.
For example, the spill in Ohio, East Palestine was intentional and do people even realize the consequences of it on the farmland and the entire Mississippi drainage basin? Yet the pathetic AShkenazi run media hardly even spoke about it as people are still getting sick... They even made a Netflix show called "White Noise" as predictive programming to mock us about it. They're literal Satanists.
Not only that. We need to undo the massive transfer of wealth that the powerful of this country have conducted over the neoliberal period.
I don't know that that would be the solution. I have an LLC and own a couple rental properties, which is a great way to build wealth for the middle class. But I'm not Blackrock, buying up half the country.
Perhaps we could limit how much real estate an entity could own? I'm sure there would be unintended consequences to that too.
I agree something has to be done, but I think the rule you propose would greatly harm the middle class as well.
@@bradleyboyer9979 Unfortunately, like the upper class, the middle class takes all from the ones below. The poors end up paying their rent and your mortgage.
The fact that these corporations want to own every home in America is TERRIFYING. It needs to be outright ILLEGAL for corporations to own homes in this country.
Time to rise up and show up at black rocks door
Under pay employees so they can't afford homes. The money they save by not paying they buy property , jack up prices , rinse repeat
do you guys not realize this is an intentional part of their agenda?
Great reset anyone? Theyve literally said numerous times on camera, in books, on their website they want to reduce the world population by 90 percent by 2045.
Think about that, wake the hell up everyone. Wake up or stay blind like an asshat.
This has happened elsewhere in the world throughout history. It's how you create Lords and peasants. At some point you have to realize humans are a flawed species. We have been around thousands and thousands of years yet can't create a stable society or equilibrium in nature
Houses increased 6% every year and inflation is 2% every year way before black rock got involved
"You will own nothing and be happy." sounds frighteningly close to a bully's logic of "Just give me your lunch money and I'll leave you alone."
more like 1984 and you having zero control over a group of 10 rich guys opinion on what is "right" and "wrong". I'd much rather deal with a petty ass bully.
"This country has socialism for the rich, and rugged individualism for the poor."- Dr. Martin Luther King Jr.
Socialism for the rich has a name. Fascism.
Don't listen to a think MLK said. He himself was working for the communists, bankers, oligarchs and Ashkenazi mafia. This is what Satanists do. They endlessly preach that they are fighting something they themselves are a part of. It's a means to confuse and gaslight you
Two shadowbanned replies, great!
MLK wasn't correct on that quote as time proved him wrong on socialism and welfare. The poor as well as the rich frankly have received a lot of socialism and it has been quite damaging in the long run.
@@johnkeller5163 You are misinterpreting the quote.
I love what he said. “Kids today are never going to buy a home” I’m 36yrs old I Make $32 an hour which I’m blessed with. Even with a military background and a VA loan I’m having a hard time buying a home. I lived my life by those steps and believed I’d accomplish them because my parents said I could. It’s not they’re fault but it wrecks me everyday.
I make a little under 6 figures a year. And I'm just gonna do my little 675$ a month for rent. And hopefully it crashes lol. I don't want to pay 2400 to 3000 for a mortgage payment for 30 years. Maybe if I had a wife and kids. I'm 27 years old. Just gonna save and invest. Invested into some crypto. It is what it is.
All depends on where you live.
My man speaking as a veteran I will tell you this. You need to learn how to invest. Just working just to work ain't gonna cut it. You need to be generating income beyond working a 9-5.
@@ocampbell1954care to enlighten us veterans then.. besides saying investing?
@@davorebo5790 The days of thinking serving in the military and getting an education is not enough in today's society. You're gonna need some financial literacy on how to buy stocks and real estate. You're gonna need to generate some sort of money besides your salary. I would suggest anyone in the military invest while you can seeing how you housing, insurance, etc is covered. Even if it's a hundred a check but some stocks.
It’s hard to understand and sad to think about how families are surviving and feeding their kids. I’m single with no kids and the price of everything still is very noticeable.
Yea i have a hard time figuring out how people can afford a kid, let alone many
@@oscarinacanshit man I have 2 kids and we're in California, it's definitely hard to get by
@oscarinacan by not wasting money on bs. We all choose how our money will be spent. Some of us prefer to spend it on children rather than starbucks and burgerking.
@nathanrathbun2619 - nailed it. Every person that can't afford a kid needs to put down the avocado toast. No other reason could exist so let's not even try to think of any outside factors that could contribute.
Me and my wife make almost double what we were in 2019 and are just as tight on money as we ever have been. We make over 100k/yr with 2 kids and the struggle is still real
Theo with his funny sayings 😂 "free range homeless"
😂😂
Funniest part about that he wasn't even joking.
lol
free range pasture raised homeless lol
I’m homeless and you’ll never see me. City homeless are savages. I wouldn’t touch a city with your dick let alone mine. That’s a miserable existence. The people who do that correctly, they become invisible, not just to cops and residents. We become invisible to other homeless because they are dangerous. And they are loud. And they have less than nothing to lose.
You think you’re scared of homeless people? Try being homeless, it gets infinitely scarier.
You have no idea how hostile the world is. You’d think you could just post up and chill somewhere but nope. Someone is going to have a problem with your mere existence.
It really does a lot for your mental state and self esteem to be terrified 24 hours a day. To never feel safe.
I like the fact that theo doesnt go overboard with his comment or jokes, and doesnt make it cringe or uncomfortable for the viewers or the guests, its a joy listining
Theo's great.
I want him as a close friend 😂
Blackrock = ✡s and Satanists.
wonder if anyone is brave enough to mention the ✡ishnes of these companies. Blackrock, Vanguard and the bankers who run it are the single greatest threat to everyone and we need to expose it endlessly along with exposing it's Ashkenazi nature. These people are complete parasites and the source of nearly all the evil, corrupt, unfair and destructive shit happening in society rn. Remember the people that own these companies are not motivated by money as their end goal. Their end goal is religious and spiritual in origin and its about exerting control over all things, especially your mind, body and soul.
If there are any American patriots out there that is willing to take a risk, I would try 'liquidating' the freemasonic parasites that run and control these operations. Larry Fink, the Rockefellers, Soros, Rothschilds, and any executive of Blackrock, Blackstone, Vanguard, Statestreet would be great. Do it unless you want to live in an Ashkenazi communist run hell where you own nothing, but are forced to be happy.
It’s a nice balance of taking a serious question with a nice seasoning of lulz
He called the homeless free range hahahah
RFK is so in tune with the current events compared to other politicians who repeat talking points just for votes. A fresh and much needed perspective.
The Kennedy family has churned out outstanding Americans
All the other politicians know what’s going on as well…theyre the ones allowing it to happen. They’re just playing the game.
he is gun grabber
Sadly it is because of this that RFK and others similar to him will never win
@@dylanchudzik2644 It's quite unfortunate because it says much about the state of the world today. People have been so brainwashed that they can't accept the truth with common sense.
It's very simple, the average income is way less than the average cost of living in this country. It's worse than ever in our history. New car/ house prices and the cost of groceries, gas and entertainment are insane. The math just doesn't add up and you can't ignore the numbers forever. Something has to give
Totally agree, everything is notable more expensive and wages have not increased anywhere near that.
This situation is similar to what caused the Irish potato famine. All the land owners were English, didn’t give a fuck about the people living over in Ireland, forced farmers to grow mostly potatoes and when the blight came, it was the poor Irish that had to pick between food & eviction or housing & starvation. All while the rich English fucks that actually contributed to the disaster hardly felt the squeeze.
We’ve got to change this housing system now, before there’s a disaster and we’re all too poor to survive it.
Vote Republican
@duke4274 I do, but I don't have much faith that either side is going to fix the major issues. Kennedy is the most vocal candidate that makes any sense about our economy right now and he's running as a Democrat
99cent arizona green tea was 1.79 yeesterday wtf 10 per inflation my ass
As a 27 year old this is my main issue. Thank you for recognizing that my generation can never own a home.
I'm right there with ya. There's going to be so many abandoned homes in the future. They just have to lower the prices or at least raise minimum wage.
I’m with you!! 39 and have never owned a home
Defeatist attitude. My parents split and we lost our home in the 08 crash. My goal was always to own a home before the age of 30 and was able to finally purchase one in 2020 before Covid at an interest rate below 3%. I know rates have doubled making payments out of reach for most people, but eventually the market will reset and you’ll have the opportunity to purchase a home.
No generation owns a house.. your house can be paid off but we still have to pay property taxes which is pathetic.. what happens if you don’t pay your property taxes? Ya they take your house..
@@shawnwillis767😢 why are they encouraging ppl to rent rather than own a home?
Excellent point, a home owner is going to be far more invested in the good of their community and those around them, as opposed to some blow in who may pick up and go tomorrow.
How do you expect to create communities when everyone around you has no investment in said community.
Thats the whole point they want to burn all that is truly good down and replace it with something where you thank them for all you have
@@connormatt7176 the whole point is money
@@tylerl1892No, it's control. Money is merely a means to that end.
@@Weimerica8841Good observation, but the other way around.
It's about money, control is the means to that end.
Btw the OPs comment isn't just talk, its more accurate than many people will ever know.
The only reason I even know this, is because I'm speaking from first hand experience now.
There's a Very clear change in mindset from when you're a renter forever, to when you finally own a place.
No matter what the value of it is.
I just bought a house; its falling apart, 100yrs old, under 800sqft-very small, everything is old and dirty-
but it's mine.
..and now I have this mindset where I want to get to know my neighbors, that I couldn't give a rats ass about before.
I have this urge to keep the front lawn and flower bed, all clean and well kept, sidewalk edged, trees trimmed -all of it.
That comment isn't a hopeful scenario where it would be cool if life was that way, but doesn't REALLY happen...No, it's a literal phenomenon that actually happens almost instantly.
Finally a real candidate. Someone with morals who actually calls out the big corrupt companies
I love how throughout this interview you see Theo throwing him off with his strange comments 😂
“Like caramel popcorn?” 😂😂
@@stephenh1955free range homeless was the best
I wonder if anyone is brave enough to mention the ✡ishnes of these companies. Blackrock, Vanguard and the bankers who run it are the single greatest threat to everyone and we need to expose it endlessly along with exposing it's Ashkenazi nature. These people are complete parasites and the source of nearly all the evil, corrupt, unfair and destructive shit happening in society rn. Remember the people that own these companies are not motivated by money as their end goal. Their end goal is religious and spiritual in origin and its about exerting control over all things, especially your mind, body and soul.
If there are any American patriots out there that is willing to take a risk, I would try 'liquidating' the freemasonic parasites that run and control these operations. Larry Fink, the Rockefellers, Soros, Rothschilds, and any executive of Blackrock, Blackstone, Vanguard, Statestreet would be great. Do it unless you want to live in an Ashkenazi communist run hell where you own nothing, but are forced to be happy.
@@stephenh1955😂😂😂
@@stephenh1955his comments are…. Thought provoking. Lol😂😂😂
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Wow this episode was scary . I 100 percent agree . Family’s who can’t buy a home don’t setup up roots and are always at the mercy of rents going up . This is truly shameful .
owning a home is an investment. You are paying your mortgage but it also pays itself in the long run if you'd ever sell. When you are paying rent that is money going no where into your own future. Only helping the rich get richer. The huge root of most problems. living in a clown world is such bullshit
and it makes even less sense when rental properties with 50 year old buildings are matching the monthly rate on new construction homes. Like that makes zero fucking sense at all. My 30 year old microwave doesnt appreciate in value by 2000%
@@RedValleyMilsim strange argument . One , you can’t live in a microwave lol . People are renting hundred year old castle for weddings. Doesn’t mean there useless . Values on homes are valued as much as people will pay for them.
@@garza7676 it is worth it too squeeze so much out of demand that your kids don’t have a place to live and the economy buckles completely? Really simply answer.
@@garza7676 the argument is that a 30 year old USED microwave should not cost the same amount as a brand new microwave you bought today clown. You say a 50 year old apartment that has been USED and RAN THRU should be as much as new construction house because of demand?? Gatekeeping a basic human need like shelter and an address (so you can be employed) is just plain evil and those adjusting their prices(every LLC) should be put in the fuckin dirt.
As a young person with housing as my #1 issue, RFK Jr has my vote.
Smart.... take one issue and vote over it😂
@asbestosfibers1325 Why shouldnt I? Housing is a requirement to live, its not some petty culture war issue
Well he’s running as a independent so he’s not gonna make it
@jer1776 it's really not.
Humanity is a shining example of this.
You think all humans for hundreds of thousands of years were guaranteed a house with electricity running water air conditioning and heat you are sadly mistaken.
housing is literally a basic fucking need. Its like a president vowing to fuck the water supply. Pretty sure that would decide your vote huh retard? Have some perspective. @@asbestosfibers1325
Homeownership has really made me detest my community, tbh. I don't like the police any more or any less. I don't feel invested at all because they take my tax money and spend it on ludicrous pet projects and of course corruption.
You’re describing a municipality, which is detestable. Community is so much more.
Sounds like you bought a home in the wrong place. 😩 I am so sorry you feel that way. I hope it improves. 🙏
You can always sell it and go buy a different home somewhere else. You have equity.
It sounds like you might have a fat HOA too? Don’t buy a house with a HOA because I’ve had the opposite experience my neighbors are all really chill people and our neighborhood throws 4th of July parades and other activities for kids and adults it’s honestly pretty cool
At least you're not in an HOA
I'm 23, with a 89k a year salary. I have 90k saved and I was denied every application i came across. The housing market is absolutely destroyed globally. It's sad I worked my ass off and Im considered basically poor.
Hey, if it makes you feel any better, I’m 20k in debt, living in my car and working for minimum wage in a production factory that’s way understaffed
Curious man, why not buy some properties abroad to boost your income? You can easily get a commercial real estate loan in Ireland with that income and savings. Rent here is crazy expensive too so the cap rate works out
Why not build your house?
U must live in Cali or New York
You're definitely not poor
The reason the number of homeless in California is so high is that not only is the state much too expensive to live in, but the weather in California won't kill you.
Yeah idk why people don’t understand the weather issue
Cali is about to break off and submerge in the ocean bro lol
Not sweating all day is a plus.
Plus the lack of insects. Freakin’ bugs will eat you alive in TX & FL.
@@sunshine3914 Oklahoma too
I work 60-80hrs a week and I realize I’ll never own a house. Sad times man
Save your money and move rural into the middle of nowhere.
Never say never.
I live in SC very poverty stricken state poor. When all your money goes to bills there is no saving money.
When I was kid In 1994 my dad bought our trailer for 45k a trailer down the road from my house sold for 215k a month ago
If you were a kid in 1994 and missed the opportunity to buy a house that’s on you. Stop blaming the government for your failures
@@joshbrewer7750 lmaoooo
He's basically illustrated the argument against corporate monopoly and how it needs to be broken up
Privatized communism. Well said.
There is no such thing as money in communism so I don’t know what they’re talking about.
@@tylermansfield1111Maybe put down Marx and pick up some history books so you can understand what they're talking about.
@@Weimerica8841try not to acknowledge stupid people.
@@Weimerica8841 none of this is Marxism. Maybe you should pick up some Marx so you can understand what you’re talking about. ‘The Communist Manifesto’ is like 100 pages long. Good place to start if you’re still too scared to read ‘Capital’.
The phrase “privatized communism” is an illogical loop. It’s like saying “right handed lefties.” What they are describing is antithetical to communism. It is literally just capitalism.
It is called fascism.
Its time for regular people to band together. Everyone is waking up
The fact that they aren’t is the reason it’s still hanging on.
And do what exactly $700 for tax comes out my check every month and there is no way to stop it
The union makes us strong. Solidarity forever.
It's too late. This has been in motion for decades. It's over. This is the decline.
keep working slaves, never rebel. Drink your flouride and stfu.
Theo I wanna thank you and rfk for talking about this housing crisis and keeping this section of your podcast up.on youtube for the world to see.. more.people need to know about this.
RFK made a good point... home owners had more opportunity to do everything from take loans to start new companies. Now everyones renting we just worry about paying the rent - allowing big coporations to own all the small businesses and limit options
I’m not going to throw the first stone, but I’m down to revolt whenever y’all are ready
Soon...
Stock up on ammo
Spoken like a true coward.
I’ll throw a sausage
@@nicb.1411 Spoken like a true slave.
That was scary at the end. How does one feel or have any Pride without owning anything. People need to hear this
No disrespect, no offense. I'm not saying I'm better.
I'm 33. I've felt all my life the average, in my opinion,us super privileged in comparison to the world. I'm a proud American, and we deserve it.
I could have had everything from my adopted parents. There could be many variables why I think the way I do,. It's nice to not worry about it all and live with what I can carry. Super convenient when covid happens.
( sorry, I'm drunk)"""""
Its refreshing to hear a politician be honest. It's also scary as hell. Keep up the good work Theo. Keep bringing on the smart truth tellers. The more people are informed, the better chance we can stand up against the tyranny.
Can we ban corporations from owning Residential property?
@Brandon30 Problem solved! Good idea Brandon seriously our monopoly laws need to be enforced but they won't be til we ban corporations from buying politicians (bribery, corruption) that's why those things are bad
Corporations violate the equal protection clause of the 14th amendment. They should have never been given personhood rights.
For sure. They couldn't own residential property until after the 2008 collapse, which they caused. It was a "solution" to get all the foreclosed properties off the bankers books.
Corporations actually own a very small percentage if you look into it.
I’d say the bigger issue is foreign investors and multiple property owners.
As a first time home buyer, I’m getting screwed as I’m not able to compete with their down payment. I’ve saved up around $100k here in LA, but with the interest rates my monthly payments would be insane.
@@calvinmiguel4405 Appreciate the info. I would prefer that no corporations or foreign investors could buy property here. A quick google search says that Blackrock and they're 2 siblings are buying about a 1/4 of residential properties and that number is rising.
I'm 40 years old and never owned a house. Trying to get a 5% down payment grant right now but the banks don't want to talk to somebody with no collateral.
Even though I have $25k for a down payment they want more more more! It's never enough!
Wait another year and housing prices will drop, they have to
every year people say itll drop. it never will, why would it? people are paying the higher prices. you just need to earn more
I thought I was being prudent trying to save for a bigger down payment but instead it feels like I missed the train and will never catch up.
What State are you in? Talk to a local mortgage lender, not a big bank. The loan officers at banks don't know jack squat. Source: Am loan officer in the PNW.
Getting pre-approved is easy, talk to any mortgage broker and they will be happy to help. Finding a house you like or in your approval rating is the issue, but you absolutely can get financing if you have a stable job and savings. FHA is 3% down and you probably have another 10k in closing costs.
I own property in Ohio ,
the way they extort taxes from home owners, is unreal, watch what county you buy in.
I’m 26 and own a home. The secret to buying a home and being able to afford it each and every month is living within your means, and doing it with a responsible stable partner you have a relationship with. It’s impossible to afford a home on an average income if your doing it by yourself. You need dual income, and you need to save up a nice down payment. Unfortunately that’s extremely difficult now given the current political environment. Don’t be discouraged, change your lifestyle. Drive an old beater that owes you nothing, cancel those internet streaming subscriptions, stop going to the bar two time a week, cook and pack your own dinner/ lunch.
Great, so then you can forfeit anything enjoyable for a wooden box with taxes. It’s just ridiculous out there and it needs to tank
@@ItBetterBeFast when you own a home that your paying for you gain something called equity. When you’re 50 and have your home payed off that’s money that you can have back if you sell your house. Everyone likes to blame the “boomers” for buying a home for 150k that’s now worth 500k. They are laughing all the way to the bank. That’s how life works. When you rent you own nothing. You can pay 2500 a month in rent that you will never see again. Like leasing a car. If you have no equity, you have nothing besides your personal savings or what equity you may have in a car. Most responsible people realize this. All I am saying is, buying a home isn’t impossible. It’s actually the best investment you can make.
@@marlinnotfish I’m well aware of how it works. I have 2 homes. The issue is that houses vs income are vastly different than when the boomers were buying. For instance an engineer would come out of college making $20-$25k with little to no debt in the 80’s and a house would cost $40k. Now an engineer comes out making $70k with a lot of debt since school prices have skyrocketed and an average house by me starts at $500k…..the math just doesn’t work. And yes I will also blame the boomers because they’re the ones in congress running the country into the ground.
@@ItBetterBeFast can’t disagree with the politics aspect. However I do believe it’s the best investment one could make besides investing in the money market. Hopefully in 50 years home will continue to have appreciate they way they historically have. It inflates like everything else’s in life. In 1970 you could buy a muscle car new for 4 grand now that same car is worth 100k in some instances even more. You can buy a dodge demon now mothball it and I bet in 50 years it too will be worth an un fathomable amount.
BlackRock bought my friend's house in some small town in Wisconsin so that stuff is happening everywhere. I was trying to find a house for a couple years and people are paying 20% over asking sight unseen and then turning them into rentals. The only dwellings that ever go up around my city are apartments, they never build small single-family homes.
Blackrock are an issue, but they own a very small percentage of residential real estate if you look into it.
I think the bigger problem is with foreign investors and multiple property owners. First time home buyers are getting screwed.
I live in the Bay Area. I make roughly $40/hr and I’m having a hard time financially settling here. I have no dependents and $950 is taken away from my taxes every paycheck. I can’t imagine how hard it must be for someone who isn’t as fortunate as I am financially.
40 is pretty damnn good mula too
If you are making $80k/year in the bay area, you are much poorer than you think.
Wyd for job dang
Holy crap.. I used to make 30 an hour in NY and they used to take out 300 a week... fukin bullshit
I make 35 an hour in TN and it's still not enough
This is the single biggest issue facing the western world! America, Canada, UK, Australia and New Zealand all have very similar situations. The average hardworking person cannot afford to own the place that they live. This flows on to every area of society. If a person cannot own property then they are not stable and don't contribute to their community and everyone suffers.
We all know what must be done.
In my opinion people must stop serving religions and Politics to get them back. Noah didn't have a religion and God saved Noah and then they can lose there customer's.
What's that?
Yeah get this guy a new voice
@AndrewM-dv6su Vaccine injury is a hell of a thing isn't it? Maybe we should get you a new brain since you obviously were dropped on your head.
@@AndrewM-dv6su I feel bad for him it sucks.
I'm 35 and it breaks my damn heart I'll never be able to own a home. I'm grateful for what I have but it doesn't make the pain sting any less. I hate what has been done to destroy the middle class. I feel hopeless and have given up on my dreams.
I’m 38 and I have never owned a home either. However I’m changing careers to software engineering and data engineering.
That’s the only way you’ll be able to afford a Home is through tech . That’s where all the six figure job so that don’t require a college degree.
Become a data analyst data engineer , or software engineer if you want to own a home and make good money that’s what I’m doing right now
@@Dennisaj STEM majors but its hard cause lots of competition gotta really know what you doing to make serious money. I'm pursuing Nursing and pretty sure I'll be able to afford a home too
@@bane8305 Any 6-figure job is hard to learn, but what I found is the hardest part in making six figures is just being disciplined and doing the work.
Even if you don’t excel academically, if you put in enough work and effort, you can make six figures
@@DennisajDepending on where you are located, six figures isn’t enough. Did you hear the figures RFK Jr. cited? In LA you’d need an income over $250k to purchase an AVERAGE home. Very few software engineers make over $250k, and those that do would probably like to be able to purchase more than the average home.
The entire state of California is in peril, and the US follows after what happens in California. I fear he may be right to bring up the WEF and their “Great Reset” agenda.
Changing careers is futile in the long term. The only power people have against the wealth and power of Blackrock and the WEF is the vote - and more the vote for lawmakers than for the executive branch (but having both won’t hurt).
I’m 40 and am currently 15 yrs into a 30yr mortgage. My house if I were to sell- would probably only get me about a 3% profit
So think about that- I would be absolutely BREAKING EVEN- if I sold. ( average yearly inflation increase HAS been 3 percent )
Sooooooo- you AINT missing out on much🤷♂️- By the way, I don’t own jack diddly shit until it’s paid off.
Thank you for breaking this down for the masses, ive been trying to tell everyone around me about this
I pay 1450 rent a month and most people I know with "good credit" pay that amount to OWN a house. Its such a dumb system
I remember paying more for rent than my aunt who had just bought a house and my mind was blown 🤦♂️
I was paying $1500/ month in 2014
They make it *impossible* for first-time home buyers
Buying is really, really hard, but what they don't tell you: keeping it is hard too.
Yup.
Our government will continue to screw us over. It’s crazy how there isn’t a regulations in place on foreign investors, multiple property owners who use those properties as a source of supplemental income, or the corporations mentioned in the video.
Capitalism I guess…🤷🏾♂️.
@@Dave-cf4vd And burning all of your money on rent never being able to build any equity is also very challenging.
@@Dave-cf4vdshooting accurately and getting fit is ever so slightly easier, but still jars.
The bus tickets to the homeless from other cities is very true. I used to live in Portland and worked downtown, and sometimes I would talk to the homeless to learn about how they ended up homeless. A handful of those people confirmed that they received a free train ticket to Portland from other cities bc they were told Portland and other west coast cities would take better care of them.
No surprise those same places are bussing their immigrants to our great cities too...
Portlandia!🤣
It feels like everything is getting worse….. on purpose
you will own nothing and be happy
I live in a shitty apt, drive a shitty car, but I’m kinda happy. Just saying.
@@bloatedsodium7301he's saying that's how the government expects us to act lol. I feel ya tho bro
They're removing the option for upward mobility.
@@bloatedsodium7301that’s better than living wit ya parents
@@bloatedsodium7301keep striving but always enjoy your life no matter what bro. It’s the only one you’ll ever have
Homelessness is big business. Some people, somewhere along the line, are making a lot of money off of these homeless people. So it's not going away, until you cut that money supply.
That's true also.
Enjoyed this. TY both.
Lived in the Capitol city in Taiwan for a year . For lunch you could get a cup of soup, generous piece of fish, small bowl of rice, and 2, 3 Small veggie sides for no more than $4!!! Here in the US it would be 14,$15 meal easy. It’s just too expensive here
I’m more right of center than leader but I like RFK..
In Washington state a tiny grandmother's apartment costs like 2500 to rent and you have to jump through a million hoops to even have a chance to rent the place, you have to pay an application fee of 50$ and it usually takes 20 applications to maybe possibly get approved just to rent an overpriced tiny home. People with great credit will always beat out someone with poor credit and it just becomes a living nightmare and if you don't have family there you eventually just give up and live in your vehicle and that's how it happens. Homeless while working.
In Seattle that's not entirely true, since the law is now first in line to apply gets the rental - so if you meet every requirement, even if your credit isn't the highest of all applicants, you will get the place
@@k8schmateno one wants to live in Seattle. Is it still number 1 in suicides ?
What a serious but at the saem time chill conversation, amazing Robert and Theo perfect
“You will own nothing and you will be happy” the mantra of the WEF 🙃
I'm 28 with 30k saved, living at home and finally making decent money for the first time in my life. My income will continue to go up over the next 5 years or so, I'd like to keep saving money for another year or two but it feels like I'm racing against the clock to buy before it really is too late. Maybe I'm just being paranoid
Inflation will continue to rise, because politicians have no repercussions from massive overspending; meanwhile we are getting 10k new illegal aliens a DAY, who will displace housing in a big way. Hard assets will become worth more and more, while cash/savings will be worth less and less. This trend is obvious, so your instinct is correct: you are racing. The interest rate is a tough one. Maybe you can come up with a plan where you rent out 1/2 or 3/4 of the house you buy, to help out with the less than 20% down costs.
You’re not, interest rates go up at a far faster pace than they come down. They are about to force the economy to collapse on purpose to make the dollar worthless and force a cashless society so they can track every little think anyone does. They want to control us
It's hard to tell. The housing market has no choice but to collapse bc bubbles can only get so big. The million dollar question is "when?". I went ahead and invested my savings in overpriced property just to keep it safe (ish) from inflation. May have been a terrible call, but I'm too old (42) to wait around and find out. I have to get moving toward my dreams. I would suggest waiting it out for 2 years for a guy your age. I hope that helps.
@@noneyabidness7226if the housing market crashes, would the price of property not drop as well? Or I guess it depends on where you live.
@@danielcillie1856 It has in the past, for sure. I bought 15 acres of land rather than a house with the idea that: 1)God ain't making anymore land 2)The land can pay for itself with food production 3)Maaaaybe it will hold it's value better than a house (again because it has production potential unlike a house)
I can appreciate RFK's disdain and calling out of Blackrock and the others, but I think he's way off downplaying the role of drugs in major cities like San Francisco. It seems like that was just a jumping off point to criticize the housing market, which deserves criticizing... but I'd like to see what he thinks of Shellenberger's work.
He's not downplaying because those drugs are being distributed by large corporations not a conspiracy theory either and in interviews most homeless people are just people who have lost the will to live the younger homeless people are the ones getting hooked on stuff
Drug abuse in highschools has been going up as well it's just the younger generations
@@unlucky4407 He is downplaying it because he said that the issue is not drugs, it's the cost of living (which is a problem, but a different one). Not to mention, interviewing people addicted to substances and asking them what they think their problem is is not very reliable data. Ask anyone who is not actively in recovery whether they think the problem is the drugs.
100% agree. He’s way off. By that logic Singapore, New York, Tokyo, HK should all experience equal or higher levels of homelessness as the west coast. None of them are even close.
@@gekko1810Idk man New York is getting there and I know Tokyo does have a homeless problem however it's not like San Francisco
I swear just when I thought the economy couldn’t get any worse I am proven wrong.
Student loans, cost of living, high price of rent, car payment….I gotta make like 4500 a month just to break even.
Right on Theo! Love ya Bobby!
My fix: GO BACK TO THE OLD SYSTEM. Claw back the 2008 mortgage bailout of banks and hedge funds (BLACKROCK) with a special tax. Banks should be banned from packaging mortgages into securities. The bank that issues the mortgage has to keep it on its own books. Hedge funds and foreign investors should be banned from the US mortgage market.
Great conversation, most people I know are feeling helpless It’s hard to compete with corrupt politicians and corporate greed, only time will tell if it will get better or worse
our votes don't even count. helpless hopeless and stuck.
The entire concept of using your wealth to buy a bunch of shit you dont need and then rent it out is scummy as hell. I get it in small exchanges, like maybe you have 2 houses and you just happen to not live in one. But owning 4 houses to rent out 3 and get rich is bullshit. Its like ticket scalpers, buying up a bunch of extra seats to overprice to people that need them.
It's much worse then ticket scalpers, these are people's homes we are talking about.
The day the barbarians enter Rome I will welcome them with open arms.
It’s impossible to buy a house with the interest rates, and who would sell when they have a 2.5% rate they got during covid, when the fed rate was brought down to 0.
This was really good interview lots of good information
His voice sounded better then I ever heard him in this interview… that’s one of his biggest obstacles
thanks Theo for such an informative video
RFK should come out to support remote work and allow people to live wherever so we don’t have to be forced into expensive cities.
It's absolutely true that depending on which side of the Rockies a town is, a recidivist will be given a one-way ticket to either San Francisco or New York City.
I'm also hearing that right now at the U.S. southern border, people are being asked where they want to go. They generally say, L.A., NY, or Chicago.
OMG, RFKJ is the only other person to use my phrase 'Billionaire Boy's Cabal, er, I mean CLUB'. That's who's driving the government right now. And they are batsh!t crazy.
He comes from a wealthy family himself, stop believing every word Salad that comes to you
I also like how when Theo asked Robert how can we reverse it ? Robert said I don't know. Gave a bit more explanation ... but so appreciate him saying I don't know instead of some round about answer which doesn't even answer the question of how do we reverse or stop Black Rock ... politicians should be able to stop a monopoly such as Black Rock ... bring um to court something. I mean we really gotta stop / reverse like Theo was asking ... so how do we stop um folks?!
You will dissappear or be found dead. They are 1000 times more dangerous than the mafia.
Excellent!!!!! Thank you.
theo relates well and asks good question,,,,best interview yet
The average size house is bigger and bigger and more expensive. There’s not enough entry level houses available. Not everyone can afford or even wants a big house to heat, cool and maintain.
All entry level stuff is being bought to be turned into rentals
I'm rounding my 40's and there's no way I can afford to buy a home in CA. I would have to make $250k per year to make that happen and it's not. Now with the interest rates as high as they are those mortgage payments are insane. In a few short years I plan to move to rural upstate NY and find an affordable home where I can live in relative peace.
He’s also describing Vancouver BC, my home city, the most beautiful city in Canada with the worst Skid Row
The unhoused are also in Victoria and up here in Parksville-Qualicum🇨🇦
@@mlwhitaker3787 lol can’t really compare that with Vancouver skid row. We have needles littered across our city. Human feces and graffiti everywhere
His voice sounds much better in this video, happy for him.
It is absolutely true that cities all over the country will give a homeless person a bus ticket to California. They also will send them to Washington State and Oregon. I know New York City does it for a fact in my local social services in Upstate New York does it. They have too many people to take care of and when a person is willing to relocate it solves a problem for them. They need to fix the system or this will continue. It's only shuffling people around and never really addressing the problem that is causing the situation.
Out of 300 million population it’s crazy how little half a million are homeless. Also you can’t just blame drugs, some people can’t get a job and don’t have the luck of getting help.
What a good conversation to listen to
As a Canadian it's the same here, homelessness is accelerating and cost of living is rising at an insane rate. People, especially young people feel nothing but despair. Those fortunate enough to own something are under pressure from rising rates and inflation too but the younger generation has had their future stolen from them.
Our homeless population in Canada is roughly half of what the states is yet the US is 10x the size of Canada. This is a problem.
Canada’s big problem is all the foreigners buying up property as investments. Not even living there! Driving up the cost of property for Canadian citizens!
@@KeatonDeetbf the American homeless population is completely understated.
@@MrB00mbang Same with Canada
I’m 27, college educated, and don’t own a car, a home, and because of a medical emergency I now have no money. Worked toward a savings account for years and hardly broke 10k at a time, always related to honest cost of living. I owe 5x more than I have because of therapy, and basically owe it to my partner that I’m not homeless. Inflation is insane, I don’t even care about home ownership, I can’t afford rent by myself. I make more now than ever, doesn’t matter.
"What else can we do.....? POPCORN!"
Theo lol
Broker for 5 years. My market has been pretty well insulated, but with a par rate being 8% today, we are seeing the only people buying or selling are those that absolutely need to. Tough times for all.
I can empathize but mine is the opposite. I do well in Fall, Winter and Spring but have a difficult time in the Summer. I’ve heard once that the closer a person lives to the Equator, the more difficult time they have in the Summer. I’ve tried to compensate by planning indoor things I like to do. It’s hard for sure.
When he told Theo he didn’t know what a good credit score was😂
I will 100% go out of my way to avoid shopping at a store where homeless are loidering. Even if the store I need to stop at is on my route. I shopped there once and came out to two guys trying to get into my car.
God Bless you Brother
Despite the oversimplification and generalization, there’s some really insightful truths in this talk. Assets under management don’t equate to control since they’re primarily passive investment companies. They’ve also slowed home purchasing way down and only ever made less that 5% of home buyers.. but the homelessness study was fascinating to hear about, that’s a great correlation to keep in mind
Also, owning things implies independence and a type of freedom or power. If everyone is a renter and you don't own any of the important things in your life you could basically be reduced to a free range slave in all but name like a medieval surf.
It's literally serfdom but with worse hours. That's the plan.
If you want actual change in this country and someone in our corner, vote Kennedy 2024
❤HIS VP =
TULSI G.
24❤❤❤
Voting is dead
@@jerrymarnon41 Tulsi Gabbart is on the WEF young leaders list. No thanks.
RFK Jr is great but his being pro gun control and a Zionist sours the deal for me. But then again, no one is allowed to be elected unless they’re certified kosher.
Rather than bump companies out of owning homes, they should put a time frame on when companies can make offers on them. Allow offers from owner occupants for the first 30 or 60 days instead of making them compete with all cash offers from companies. This could also make the 1031 exchange loophole companies use often to avoid capital gains more difficult since those roll over purchases have to be identified within 90 days.
holy shit! how does Theo land RFK as a guest? great convo
Large investment firms are for sure a huge problem destroying American quality of life and the middle class, but drug addiction and mental health issues I believe are still the leading cause of homelessness. In some instances drugs might not have been what put people on the streets, but they 100% keep people there. The homless situation in California is so bad because these people are coddled, with every need tended to. There are so many services set up across the country to get people jobs and housing, but they require SOBRIETY. Ive had so many conversations with homeless people trying to get insight into their situation and drugs are always involved.
You only live once, ONCE. Do something with your life you're happy with and don't look back like "I wish I did _____ more" take chances and fail and try again.
This guy speaking truth! This is happening in every major city in America, I’ve seen this with my own eyes in Seattle, la, Portland and sf!
Miami
the Federal Reserve keeping interest rates artifically low for 12 years after the 2008 financial crisis is the root cause. The big 3 funds are exploiting a system of bad incentives which they did not create themselves. Don't guarantee mortgage loans, a lot of this landscape changes.
Finally someone is talking about what’s been going on with the housing market here! It’s so fucked up.
I dont see a crazy conspiracy theorist here in Rfk jr. It sounds like hes talking about what many of us are already suspecting.
Our grandparents didn’t go to college, had a dozen kids, stay at home wife, house and car.
The bus ticket thing is absolutely true. We CA cities have given homeless 3 days of meds and shipped them to vegas.
These two should run together. Real talk right here 👏
Calm down
Dang didn’t know all those stores closed. San Fran is my fav city to visit but haven’t been there in a while. I’m from PA so usually we just hit up NYC.
brooo you got HULK HOGAN WATCHING LIKE A DEMON IN THE BACKROUND
I wouldn’t have to do a study to find out that housing prices are the reason, same in Germany.
It’s blatantly obvious. Rich asshole investors treat housing as any other investment. Max ROI at the expense of the American people trying to make a good living
Hello from Florida. My wife is German. Her brother and his wife are engineers and it’s crazy how hard it was for them to get a townhouse. An einfamilienhaus is out of the question now. Same thing happening in Florida. Prices doubled in 4 years. The real estate industry keeps saying it’s “low supply” but it cannot be low supply everywhere in the world. It is a global conspiracy. Thankfully we bought a couple of years ago. Seeing my 400k house go to 800 feels good personally, but I know it’s fake. There will be a huge crash or we will all be enslaved.