'The Mortgage Crisis Is Getting Worse & Its Consequences Are Staggering' | Patrick Bet-David

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Chapters:
00:00 - Mortgage Crisis
04:17 - Inflation & Insurance Disaster
10:34 - Recession
14:40 - Affordability Crisis

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► Special thanks to:
Patrick Bet-David & Valuetainment
PBD Podcast

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[DonaldMark-nese]

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

[AndrewJesse-senn]

You can express your concerns by writing to your state and federal representatives, but be prepared for the possibility that they may not be receptive or responsive. Unfortunately, they often seem more inclined to ignore constituent complaints rather than address them."

[mandyyonge]

Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.

[justines]

Millennials wait for the market to crash so we can actually afford a home

[DennisJack-kmho]

My goal is to become a homeowner. I have about $250k in liquid money, but given the high cost of real estate right now, should I hold out on buying or invest in equities for the time being?

[aucklandsadventures]

If everyone is living at home with their parents, Who is buying all of the houses?

[funtime]

Covered all good points. Let's not forget the government of Cali has ALSO made so many regulations to home builds, it's insane! Low flow water saving, electric only, Sprinkler systems, and environmentally friendly products used in homes. Driving the building costs through the roof.

[life]

Only shortage we have is people in this Country who aren't greedy sociopaths. 😂

[AGLandSolar]

Insurance is all a scam. Let's get them all to pull out. Imagine if we taught everyone to put 150 a month for car, 150 a month for home, and 50 a month for life insurance into a savings account that we control.

[masterotrunks]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

[greyballer]

The problem with the hope of refinancing is if the value of your house drops.. if you buy a house at 400k at 7% and the value of the house drops to 350k you cant refinance. Always stupid to bank on being able to refinance in the near future. My house has dropped in value. I dont need to refinance because my rate is 2.5%.

[DeborahKettle-bsdu]

My house is paid off... So I cancelled my homeowners insurance... I gave up driving so I cancelled my car insurance... Now my only worry is saving each month for the property taxes that go up every year!!!

[shannondavis]

The greedy profits margins from private equity firms to support their lavish lifestyles and selfishness from the top 3% & greedy investors are ruining everything.

[CatherineWilson]

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

[Libertycustom]

Can we start fixing this problem by ending the nonsense of saying there's not enough homes available?! There are plenty of homes. Problem is greed. They built this obnoxiously huge homes and condos for the luxury class but even they are moving away from them.

[nickzema]

What about the 16 million vacant properties out there? Is supply really the issue or hoarding of assets?

[RB-jeyj]

Real Estate is anything but passive! The insanity involved with Real Estate is out of this world, fix, pay taxes, insurance, maintenance, AC/ Heating, plumbing, electrical! I sold all 3 of my properties and put it all into solid ETFs never been happier!

[rolenrodes]

My Homeowners insurance went up 30% this year and their answer was due to Fires, Hurricanes, Tornado's and Flooding. We live in Arizona.

[ccliaKUN]

Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Sandy Barclays I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.

[TheHaughtyOsprey]

I spent every penny I had on buying my house and vehicles with cash. Best decision I ever made.