Spent the last 20 years converting the fiat into tangible assets. Real Estate, foremost. Land has been the number one investment source for ages. Turned the land we live on into a family farm. Yes, skill sets are a must. Am a master carpenter who possesses the necessary hand tools to work without electricity. Self sustainment is a must going forward for anyone. We have fryer hens, laying hens, goats, a 2 acre garden.
The banks were doing something similar prior to 2008. They were issuing loans at like 97% LTV which is essentially the same as speculating on the underlying asset. Then they built layer on layer of derivatives on top.
It's nominally different. Same net effect upon capitalization which was my main point. Whether they own 100% or own 97% of them this is negligible in terms of ability to create CDOs
I understand the difference. Are you understanding my point about the practical similarities? If they "own" 97% of a property as first in lien it's essentially the same thing as buying and renting. The mortgage holder can walk away and then it goes to short sale this the risk profile for lenders of bullish
They didn't have the cashflow to cover the cost of all the assignments and this has to force sell other assets which is how it spread into the overall market sell off
She also mention one important thing - the BigMoney buy out most demanded houses, not every house they could buy, effectively cutting out population from the realty market.
Very useful when you tired to explain what the fuck is going on for normies. She looks and behave mostly like typical videoblogger, normies used to, but talk about things normies don't want to find out by themselves.
Pass local laws. No institutional ownership of homes.
Spent the last 20 years converting the fiat into tangible assets. Real Estate, foremost. Land has been the number one investment source for ages. Turned the land we live on into a family farm. Yes, skill sets are a must. Am a master carpenter who possesses the necessary hand tools to work without electricity. Self sustainment is a must going forward for anyone. We have fryer hens, laying hens, goats, a 2 acre garden.
The banks were doing something similar prior to 2008. They were issuing loans at like 97% LTV which is essentially the same as speculating on the underlying asset. Then they built layer on layer of derivatives on top.
It's nominally different. Same net effect upon capitalization which was my main point. Whether they own 100% or own 97% of them this is negligible in terms of ability to create CDOs
I understand the difference. Are you understanding my point about the practical similarities? If they "own" 97% of a property as first in lien it's essentially the same thing as buying and renting. The mortgage holder can walk away and then it goes to short sale this the risk profile for lenders of bullish
They didn't have the cashflow to cover the cost of all the assignments and this has to force sell other assets which is how it spread into the overall market sell off
One more video on same topic - https://www.youtube.com/watch?v=YPd2iXUYe-o
She also mention one important thing - the BigMoney buy out most demanded houses, not every house they could buy, effectively cutting out population from the realty market.
Recommend that nice girl videos - https://www.youtube.com/c/SorelleAmoreFinance/videos with many interesting topics we all know about.
Very useful when you tired to explain what the fuck is going on for normies. She looks and behave mostly like typical videoblogger, normies used to, but talk about things normies don't want to find out by themselves.