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Danny Jones Podcast

#146 - People Are Going To Make Big Money In This Housing Crash | Bryon Aponte

Danny Jones Podcast

Danny Jones

Society & Culture, Documentary, Comedy

4.4777 Ratings

🗓️ 20 July 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

Bryon Aponte is a big shot real estate investor and developer in Tampa Florida. JOIN OUR KULT: https://bit.ly/koncretepatreon  Danny: https://www.instagram.com/jonesdanny  https://twitter.com/jonesdanny Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So teach me how not to lose all my money in the upcoming recession that we're about to witness.

0:15.0

So first of all, everybody knew this was coming. And it's a long time. You know, I mean, the market's been

0:22.2

going up since 2010. I used to buy houses for 40,000. They're worth 600,000. Same exact house now.

0:29.0

So now what's happening is, this is a forced recession, by the way, because the unemployment

0:35.8

rates were low. Everything was going beautiful. And then, you know, they low everything was going beautiful and then you know

0:39.9

they had to be like well you know what if a guy bought a house for 60,000 and 2010 and now it's worth 600

0:46.3

and the inflation rate they supposedly say is 8% but I don't know anything that's only got up 8% to you

0:52.3

gas is up 150% houses you. Gas is up 150%.

0:54.4

Houses, like I predicted went up, double what I thought they were going to do.

0:58.7

Because the supply chain is low and they gave away trillions of dollars.

1:03.2

Where's that money going to go?

1:04.5

It's going to go back on the street, right?

1:06.5

So now they have to force a recession to slow things down, right?

1:11.4

So when you look, the one thing that hurt the real estate the most that's going to hurt it badly,

1:17.1

and it's not even going to be that bad, and I'm going to tell you what it is.

1:19.3

It's the interest rates are going up to everybody's looking, well, it's extremely obvious, right?

1:23.1

Of course.

1:24.1

But what they don't understand is that's not going to control the housing market.

1:28.4

If a two by four costs $8 and a permit to build a house costs $30,000,000, and a lot is $200,000,

1:35.7

how's it going to drop in value? And what they're not telling you is the hedge funds own 30 to 40%

1:40.9

of the single family homes. So why would they... Is that how much they really own?

1:46.2

Of course.

...

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