Mortgage Rates Making Homes A Luxury - Younger Generation Can't Afford To Stack
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- čas přidán 12. 10. 2023
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Sources:
usdebtclock.org/
finance.yahoo.com/news/mortga...
home.treasury.gov/resource-ce...
www.treasurydirect.gov/market...
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▶︎ I'm not a financial advisor, nor am I giving financial advice. The views expressed in this video and on this channel are my own. This video and channel are for educational purposes only.
I'm 53. I just got into stacking a year ago.
Its NEVER too, late.
You are still ahead of millions out there Sir. I'm 42 and started in my 20s but I still feel i could have done better. Stay safe Sir
Hello Everyone! Amazing that I was just having a conversation with a friend who lives out of state about this subject. I save and save for a down payment every year and for what? I've seen the homes of prices in NJ go sky high every year. I will not be buying a house with a down payment any time soon because once all of that savings is gone, I wouldn't be able to afford the taxes, the upkeep and we all know we must keep money for any emergencies and replacement of old broken down systems. So, as Paul said, "I've learned to be content"! If my Lord desires something better and necessary for me; let His will be done. Thank you dear brother for exposing what is truly going on. I know that you will be a great source of information to many for the Lord has directed this for you! 🙏
A lot of the things we took for granted as youngsters in the 70s have become out of reach over the years. Inflation is a thief in the night.
And times were hard for me and my family in the 1970s. But there was much in the land. There were more in stores back then and there were more stores.
From what I see a majority of the older generation probably own their own vehicles, own their own homes, have assets, probably have a decent portfolio. That’s because the dollar had value back then. Now it doesn’t and us younger generation probably look bad because the older generation has had it good for so long us younger ones have to take out a loan for everything. Even half way decent furniture.
Yea, it's getting pretty bad. The quality of life in America is definitely going down and simply a fraction of what it once was.
Not everyone in the older generations had it good. There's rich and poor in every generation. There are some rich young people out there now. It's about choices we make and timing.
@lamarravery4094 he said majority
I agree 100% with what you said about owning rental property in these times. I wouldn’t do it. The deck is stacked against the landlord, and it’s going to get much much worse. Good video.
Keep speaking the truth, man!
Very good friend thxu 👍. I'm older and lost everything in '08. Since then I've been 100% cash as far as no debt. Wasn't able to start putting some money aside 'til '15. Quickly exchanged excess paper for metals. Stacking ever since. Took some excess cash and bought an older ambulance type vehicle in '18ish (kids grown and out). Upfitted it and converted the ambulance into an RV. Rent free (except maintenance on the RV) since. Alot of sacrifice to get to this point. This accelerated my discretionary income to again, accelerate stacking. Focus and discipline. You will find a way. If I had a million, 80% in silver, due to the gold to silver ratio currently, 10% in land to grow food and water source and get very creative with maybe 3 RV's and 2 mini houses in the land. All transportable. 10% "portfolio" of liquid cash, well vetted mining stocks and dividend paying foreign stocks. Great points of discussion and contemplation bro thxu 👍
I'm an owner of a 4 family multi family unit....since 2003...& Yes...big head ache dealing with tenants, eviction, people not paying, lawn care, water & trash bills, sewer bill, general maintenance, & if you don't know a private handyman, Electrician, Plumber, HVAC guy...taxes at the end of the year...I can go on and on...I want to sell but, I'm under water...mannnn...I am 48 yrs young. I still have to maintain a regular Job...my tenants truly cant afford to pay...4 units...I have to constantly adjust rents and work with tenants...@ this point I feel like a baby sitter of grown ass people....I want out, but can't afford to sell....mannnn...I wish I had known about silver & Gold.💯💯💯
Yea, I can imagine it must be frustrating. Being a Landlord is glorified non-stop in the investing/real estate community but many fail to mention all the various headaches that come with it. It's not passive income in my opinion because you're constantly dealing with problems and constantly on call. I would stick with T-bills if I were that rich rather than dump 500k into a property I have to constantly maintain, pay taxes on, and deal with delinquent tenants. I'll take the 4 week T-bill with the 5.33% discount rate, lend my fiat money to the government every month, spend time with my family with ZERO headaches, and take my 2k every month.
I suppose this is OK if you don't work or have any other job but this is typically not the case for the small landlord. I suppose outsourcing it all to a property management company is a possibility but this would probably make it difficult to become profitable. Although, it seems like individuals with lots of properties always outsource to a property management company so perhaps it can become profitable after a certain amount of properties.
Gold (and silver) don't get leaky roofs... I always mention to that to my wife and she agrees. We used to have a rental, but have since cashed out before rates went crazy.
I worked as a software engineer. It should have paid the bills. But it didn't! The average non-manager worker at that company needed a spouse/roommate to help pay rent. And this company told us how great we were doing, making the company record profits. The system is absolutely broken. I have no hope that anything good will come of this. The Great Reset is in progress.
Yea, the worst is when they straight up gas light you and tell you that you're doing great while while their living like kings/queens. Shameful and a product of the declining morals in this Country.
You make extremely educated points. I am shocked Google allows it.
I would do 70% bitcoin, 15% physical silver, and 15% silver etf and trade the etf back and forth to try and make more money
I wish I would have understood when I was in my 20's I think gold was 600 or lower an oz. I'm 56 now. I wish I knew then what I know now. I walked into a car dealership in 94 drove out in a brand new Subaru without a penny down. I had a high credit score but couldn't see buying gold & silver bullion. Being young & dumb is real at least for me it was. I started "stacking" in the last part of 2021 and I've got a better savings account now than I ever did then. I had 6 kids to support so maybe that's why I never could save😂 Great video.
From 1980 to 1983 mortgage rates were 13 plus up to 16 plus so this is NOTHING NEW!! We had to struggle back than as well so at today's rate, were only 1/2 way there. It's ALL MANIPULATED!! just remember, we struggled also, and I couldn't afford anything back than making a whopping $1.85 per hour. I couldn't leave home until I was 29 y.o.a. I do agree with the younger generation getting crushed, but we all are, ITS ALL A JOKE & ALWAYS has been that's why the richer have always gotten richer and the poor poorer. Busted my butt to finally be able to buy a 1100 sq.ft starter home ( what a dump it was too) but finally was able to buy my first home at 37 y.o.a.back in 1992
Tell me you didn't watch the video without telling me you didn't watch the video....congrats, you win.
Ecclesiastes 4:8 "for whom an I toiling and depriving myself of pleasure?" This is the statement made by a true entrepreneur, understanding that by this method someone becomes rich. He who has ears to hear let him hear.
to put this into context. This is the richest country in the world. Do you think that the blessing you enjoy now have no cost?
I have owned a rental in the past, and luckily had good renters. With that said, I have since sold the property and put my gains into gold bullion. Why? Because gold doesn't get a leaky roof, doesn't need a furnace replacement... or worse, a tenant who won't pay!
Your absolutely correct there is nothing I could say any further do too you hitting ever point that needed too be hit on keep the great work up an coming the truth hurts an needs too be spoken..
Jealous over those Gold Buffalos. Need to step my game up.
Lol used to have bad credit 10 years ago got car for 8% lol
You don’t sound 60th to me, I’m heading there but not there yet. You got a comment below that 53. So maybe half of the listeners is on the other half.
I'm not 60. I was just saying must of the subscribers on this channel are part of the older generation. I was just pointing out that the majority who are stacking are older.
If there's not a global crash or a major reset soon food will be a luxury! This nonsense must end somehow
I am 29 bro.
Is your channel being managed? You have nearly 14K subscribers, and yet your comment numbers remain within in a tight range between 1K and 2K.
PS. I meant your view count.
So what are you calling younger people like yourself?
Watch Conspiracy Chronicles: 9/11, Aliens and the illuminati
Mortgage rates in the early 1980s were around 17 to 20 percent. So rates around 7 percent isn't that bad. For the last 20 yrs, rates were pretty low, around 3 to 5 percent. Rates will go lower again, maybe in ten yrs or 5 yrs, who knows?
Sure but a 3 bdrm house was 1 or 2 years salary.
Now that same house goes for 10-30 years of income
I don't feel bad for the young generation. They don't know about sacrifice and saving. It takes time to get a house. I was 33 when I got my first home and it wasn't easy. And I'm still in that home.
I bought at the bottom of the last crash. Saved and stacked. Next crash when people go in poverty in going to make out like a bandit. Sorry to those who weren’t prepared, but I’m going to capitalize
I don't believe there will be a crash. I've talked about this numerous times. A crash is counterproductive to their agenda as they don't want the common folk owning homes. How can a crash happen if the debt (money creation) continues to rise at an exponential rate? It makes zero sense. Physical assets with intrinsic value (land/homes/real estate) will continue to rise as the dollar continues to be devalued...Just my opinion and not financial advice...
@@SilverStarEagles Agreed. But I believe there will be a housing correction, but not to levels seen during the 2008 crisis. I believe you are correct, any physical asset will continue to appreciate... but as they appreciated, they will still go through over-valued and undervalued cycles on that upward trajectory.
That's a big misconception. Were things better in the good ol days? 1970s, 1980s, yeah. In some regards. Some babyboomers had better opportunities and pensions than the younger generations. But some old people in their 70s are still working. Why? They must've not made wise decisions or were victims of circumstance. Not every boomer had it good or made the best decisions. I get tired of hearing how the young generation got the shaft. My nephew is a millennial and him and his friends have really good paying jobs. So if you're young and don't have a good paying job, that's really your fault. There really is no excuse for it.
T bills suck. I didn't hear anything about establishing functions for Christ's church. If you aren't working towards His kingdom, then you might as well have lost it all in the demonic system.
We are storing up treasures in heaven as we know that we are not true citizens of this earthly kingdom. Remember what YHWH-God told the prophet Jeremiah to tell the people when they were taken into captivity by the Babylon...build homes, gardens, have children and pray for the good of that nation so that they too could prosper. We must pray for our rulers so that YHWH-God will raise up believers into this government and circumvent their nefarious plans for the good of many people. 🙏
Mhhm... care to explain why you think 4 week T-bills are no good with a current 5.33% discount rate? Also, why do you feel you have the authority to judge my Christian walk? You know nothing about me. I've been incorporating the word of God into my videos for over 2 years now. Where are your videos?
Also, the word of God tells us to do in secret so that we are rewarded; not make a spectacle of how "righteous" we are so everyone can see. Again, you know nothing about me.
@@SilverStarEagles And who are you to judge me for willingly not trying to make a spectacle of myself by being a CZcamsr, as you know nothing about me?
I have zero ambition to monetize, or be used by the wicked for ad making.
Why do I have authority? I am part of the body; Christ's bride. I have yet to hear that you are part of the body.
Perhaps this is why you speak as one who is on an island, and that's why you made no mention of donating to the church with your hypothetical example?
Why did you get all bent out of shape? Unless I am right....
T Bills... Ever consider why they are discounted? It's not for your benefit I will assure you. Even you said yourself that if they tank, you lose all.
If you want to buy the Titanic as it is sinking, that's your prerogative.
I did not leave any comment as to what I would do because I don't deal with hypotheticals. I also don't involve myself in the banking system, which includes the stock market.
You, nor anyone who listens, can say the same. If you want to stone me, get in line.
@@mariwillalwaysgivethanks what does what you said have to do with what he said he would do for a hypothetical?
I heard nothing about feeding the needy, caring for the orphan and widow, or administering to the sick.
Gold/silver, and T Bills. That was it.
Obviously, that struck a nerve, but maybe the hypothetical should have never been imagined to begin with.
I am not asking anyone to brag about how they donate time or funds. That's a red herring argument.
@@paulrichards383 You commented that he wasn't contributing anything toward the kingdom of Christ in this video, but he is by providing some financial advice as an alternative to the corrupted fiat system. As far as my comment on God's own advice to the captives, it was meant to open you up to an understanding that although we are dealing with a demonic system, we are still having to work within it and find better ways to survive it as well. And he is doing an excellent godly job on this channel furthering God's CHURCH of which we are the members of. In the same way you meted out your judgment onto him, it will be in like manner measured out to you.