WHY BUYING A HOUSE IS A BAD INVESTMENT | Wallstreet Trapper (Trappin Tuesday's)
Trappin Tuesday's
Wallstreet Looks Like Us Now Network
4.9 β’ 2K Ratings
ποΈ 7 November 2023
β±οΈ 19 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
Transcript
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| 0:00.0 | Buying house is not a good investment. |
| 0:05.0 | Especially if you're building it or if you're doing a mass renovation. |
| 0:17.0 | It's not a good investment. The reason why |
| 0:25.0 | is because you will never stop working on. And it's not an asset until you actually hit on. |
| 0:32.0 | So tomorrow is going to be a real important day because we have |
| 0:37.5 | a buy auction. Now the US Treasury has said that they will borrow $76 billion to finish off the last three months |
| 0:46.8 | of the year and they said in 2024 they will borrow another 816 billion to start the year. We're already 33 trillion dollars in debt. We've |
| 0:56.7 | already increased the debt did by 1.7 trillion. I think the Republicans is |
| 1:02.4 | all just offered another 14 billion dollar debt relief to go |
| 1:10.1 | overseas. Joe Biden keeps on giving money away, while the American consumer is |
| 1:20.3 | financially exhausted. The American consumer is financially exhausted. The American consumer is financially exhausted |
| 1:25.0 | and America seeks to borrow another |
| 1:29.0 | 776 billion dollars to end October of December and then come back in January and get another |
| 1:39.7 | 816 billion. |
| 1:43.6 | This is what they want to do. |
| 1:46.1 | On top of that, China is not buying bonds. |
| 1:50.3 | On top of that, the Federal Reserve is cashing out. |
| 1:54.5 | They not buying bonds. |
| 1:56.6 | So now you're taking another $90 billion |
| 2:00.0 | out the economy. |
| 2:02.3 | I want us to understand like what we up against right now, y'all. And this ain't, |
| 2:06.2 | this ain't easy, right? I also want us to think about this. |
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