Warren Buffett Just Warned Us ALL
๐ฅ Here are a few 80% off links ($199) for the "How To Prepare For The Real Estate Crash Course"
๐ฅ
Affiliate links:.
๐ธ If you would like to learn how to start a side hustle / business or buy items for less money ๐ฐ and sell for more then here is a link to my course on how to start a side hustle and to get 50% off use code HALFOFF:
Learn How To Trade Micro Futures (50% Discount Code) from my friend Joe:
Make money swing trading stocks here is a link:
๐ง This is the water filter system the Ninja has used for 10 years:
If you want info about storable emergency food for emergencies or a food shortage check this out:
Here is the link to some good Silver and Gold deals ready for delivery:
If you need Gold & Silver Storage check out One Gold Developed By Eric Sprott and APMEX:
Check Out Vaulted For Buying And Storing Allocated Gold At The Royal Canadian Mint:
Trezor my favorite way to store Crypto:
Letโs connect:
Rumble:
Odysee:
Telegram-
Telegram Chat Ninja Nation:
Twitter โ
LinkedIn โ Economic Ninja
DISCLAIMER: EVENTHOUGH I TALK ABOUT CURRENCIES, CRYPTOCURRENCIES, TOKENS, PRECIOUS METALS, AND OTHER "MARKETS". I WANT TO STATE THAT I AM NOT A FINANCIAL ADVISER. THESE VIDEOS ARE BASED UPON MY OPINION ONLY. YOU ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT ACTIVITIES
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
๐ฅ Here are a few 80% off links ($199) for the “How To Prepare For The Real Estate Crash Course”
https://economic-ninja-learning.teachable.com/purchase?product_id=4831087 ๐ฅ
Tia is my luck that it went back down to 80% off and I got it for 250.00. SMH
I have a question ..I see the difference between 08 and this time am a bit more concern with the US potentially getting into some type of war with other nations what would happen to the real estate market and banks if the US were to get into war. ?
Houses are so expensive. Banks not giving loans as easy as once. Cash on foreclosures is best.
โค๏ธโค๏ธ๐ค๐ค
Itโs about what you keep, AFTER TAX, be careful selling to avoid a 20% drop, tax man and everyone in the real estate chain (agents, banks, lawyers, accountants)will take at LT capital gains, if held over a year, and marginal income tax rates if not long term. You can avoid the market value loss, but loose the gain to the tax man.
โค๏ธโค๏ธ๐ค๐ค
This is what happened last time, how do we get around that this time. We had made decent offers on short sales , but the seller always accepted someone else’s offer, even though it was less than the listing price. I suspected that people were playing games with the banks, and that the listing agents were in on it
โค๏ธ
Yeah , โ I know a guy โ Ugh
See- no matter how much we are prepared we still can’t get to the deals
I believe that you should not buy a house unless you have enough money to live financially stable ๐๐
โค๏ธ
But if you buy rental or mixed commercial thatโs supposed to create stability
Right, cuz life-changing emergencies that wipe out all your finances never happen…๐
I appreciate how inclusive your content is for all investors. No matter the
age. the financial situation, or the financial knowledge. everyone can find a
piece of information that will help them or provide food for thought. Good
job
โค๏ธ
I am grateful for the financial abundance that
comes to me effortlessly. continuously and
easily on an everyday basis. I feel blessed and
grateful I am retired so no business but it is
coming in through investment
Bitcoin has been falling for a while now and could fall further or
close to rise again. The truth is that no one knows, I beieve it’s the
right time to buy and also get a pro’s assistant
โMy income stream is in a mess
How can someone know a professional broker
When legit once are
Hard to find
The reason I am not interested in real estate is because I canโt stand dealing with people who donโt respect your property and donโt care what they do to damage it. Rental properties are not worth the trouble because of the stress and repairs that are incurred. I have found out that any type of business that you have anymore is stressful because of the government regulations and the people who donโt care to be rude and disrespectful. Iโm content just being in my own space and not having to deal with people unless I have to. I try to treat people the way I want to be treated. I donโt think that is asking for much , evidently most people donโt feel the same way. I personally donโt want to have to deal with the IRS either. You make money and they take it. God Bless you for all the hard work you do to help others and if I was 40 years younger Iโd probably buy in the opportunity you offer. โคโค๐๐
I’m not either unless its for my personal use (nice lake house or a property with wildlife to hunt). If you have a real estate market crash and you get ahold of a good property for investment purposes you still have to find a descent renter / occupant and start creating a positive cashflow to cover insurance and taxes. Why create an emotional migraine on yourself when you can make 5% guaranteed on treasuries and money market funds. My luck I would acquire 4-5 properties and Biden would issue executive orders initiating another rent moratorium. Remember what happened during the pandemic? For this reason I’m out.
Sounds like you canโt deal with real estate or business, both which involve people. People are the common denominator.
Iโm totally with you here. My plan is to buy a second home cheap for myself, and sell one of them in the next market bubble. I did this in the last bubble and made roughly 800k profit, most of which was not subject to capital gainsโฆ. Nice augmentation to my retirement. I would have sold our current home last year but the wife wasnโt having it.
I sold all my rentals during COVID. Too many government regulations and most people who rent are renters for a reason. I miss the monthly and income but do not miss the stress associated with them.
I had a friend who bought a house in 2008 under a 40 yr loan in hopes of refinancing it in a yr. She didnโt understand that the housing market was in bad shape. A few years later she had to walk away from it๐ข
๐โน๏ธโน๏ธ
Chose to walk away
First of all if she couldnโt afford the payments for 30 years, she has no business with a mortgage. Secondly, she should have had a no pre-payment penalty clause and been making extra payments to get that thing paid off early. Sounds like she wants a Pitt party because she bought a house that she couldnโt afford. She wasnโt alone and Iโm not judging. I had to stop looking at homes to purchase circa 2008 because I couldnโt afford it. My bank was willing to finance me waaayyyy more than I could actually afford, unfortunately your friend took the bait.
โ@RustyZipper I just saw a bank sign 100% financing.
With almost 33 trillion in national debt, 1 trillion in Credit Card debt, 2 trillion in student loans, this Super-Depression is going to be biblical. Itโs going to make the last depression in the 20s look like stolen lunch-money.
Facts
And no one is lookingโฆ.
1930’s, Honey. Stock market crashed October 1929.
My daily driver is a 2018 Honda Civic Sport turbo. My real estate agent told me in 2003 that we were in a housing bubble and he expected a crash in 2005. So not all agents are blind.
โค๏ธ
I agree. Unfortunately Most agents only want that commission check. Theyโll sell an over appraised, mold ridden house to their mother
This time, they added a twist: insurance. If the insurance companies go bust or pull out of an area, either the insurance rates will double or triple, or else people will lose their mortgages and their homes will be taken. Also, last time there was no credible risk of WWlll
โน๏ธโน๏ธโค๏ธโค๏ธ
We walked. And the bank paid us to do it. Asked us to take care of home for 8 months, no payments and then paid $11k to move out. Loan forgiven. Crazy
Thatโs crazy
Yeah, Warren Buffett is pretty unique. He’s done really well for himself but I don’t think he’s ever worried about winning or losing but just how to play the game. Pretty cool guy.
Paraphrasing Mr. Buffet, โbuy when people are selling, sell when they are buying, not really that difficultโ
The dudes been bailed out by the government THREE times! I’d be successful too if I had that kind of connection.
Fact is, him and Charlie are wrong quite a bit…
I was unemployed for 2+ Years. Sept 2009- Mar 2012. We almost lost everything. We did side jobs and my wife is excellent with money.
I’m always looking forward to your quirky podcasts ๐คช Seriously though, thank you so much for your knowledge because you actually lived some of the things you told us about and proved your point. You also have saved many of us from discouragement and losing our butts!! You’re a stand up man who is passionate about whatever you feel compelled to share, teach and push people to make their own decisions about the “things” escalating in these times that will continue to grow and create havoc in a small way only to achieve their goals. People seriously research and educate yourselves. Put effort into your lives again!!!
โ STOP accepting the governments handouts that buy & entice you to stay dependent upon them!!
Get in touch โค
Get in touch
Once the banks own everything they will find that they don’t have the money to afford the upkeep of all this property so, either everything will fall into disrepair, or they will be practically giving away the property to get rid of the liability.
โค๐
We lost our home In 2008 when our mortgage interest rate went from 6.25% to 10.6%. Our ARM was sold 3 times in one year and we finally just gave up. This time I am much better prepared
โคโคโค
Iโm glad he hasnโt changed and still sharing his wisdom
โคโคโค๐
Typically, a lot of borrowers will file for bankruptcy protection right after receiving a foreclosure notice so we typically have to let the bankruptcy case play out in court before we can continue foreclosure proceedings. May next year seems anecdotally accurate.
Been in the mortgage business since 2000. It is currently worse for mortgage and real estate business than it was in 2008 per my discussions with real estate agents and real estate attorneys. We are in for a bad next 2-3 years! Itโs going to get even worse!!