Hello, fellow Rebel capitalists.

Hope you're well.

Well, actually, I hope our tech is doing well.

Geez, we're really, really struggling,

but the show must go on.

Let's try this one more time with a new camera and hopefully the internet

obeys or the overlords at YouTube who are censoring us.

All right, so let's go over to Zero Hedge

and start by going over the real estate,

what I'm calling the real estate industrial complex.

They're going to the central planners

at the government and they're begging basically for a bailout

that they say is going to make housing more affordable for the average Joe and Jane.

First thing it comes to my mind, unintended consequences.

You're going to see exactly what I'm referring to in just a moment.

But let's start by going to this article from Zero Hedge.

We see title, existing home sales crash to slowest since 2010.

They hit a record low in the West.

Now, when we're going through this

and it's talking about home sales crashing,

I want you to replace sales with demand because what we have to realize

is that if supply is at an all-time low and it's very very close if prices aren't

...