The Collapse of Commercial Is Coming and Fast!
Uploader Comments (FreedomForYouAndMe)
Top Comments
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it needs to be 400 trillion now to get into the news. Trillions is the new billions..
CELENTE has been stating the commercial collapse is next for a while now.
You explained why.
Good vid..
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I just found your channel through Justin aka DTOMnews. Very informative...thanks. I have worked in a small retail store for the past 10-11 years.....we're going downhill fast. We used to make $5000 a day, now we're LUCKY if we make $500. But no one else is hiring, so I guess I'll have to ride it out til the end. Subbed!
All Comments (38)
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@sthrnynk Ride it out thats funny.
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Wake Up & Smell The Broken Glass People. The Gov. "Big Bank Investers" Made Off With All Your National Treasures & Assets Day Of 9/11 Put Your Balls In The Back Pocket Of Unweathered Hands. Your Fathers Sweat & Broken Backs Will Never Be Financially Reformed. Your Cookie Jars Are Empty & Your Children Fight A Blind Cause, Depleting The Brave Population & Leaving Behind The Coward.
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The economy is going to crash. unemployment will go up to 50%. We have thousands of homes for closed in my city and more comming each day. Shops are closing left and right here as work goes to mexico. But this is good because unless people learn the hard way we will never learn so this is actually a blessing in disguise.
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Saw your post on Growby10's channel and followed here . Great vid, thanks. Good explanation.
Subscibing now....
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i use to paint homes
10 years ago i met a person who had a 650 thosand dollar home
i told him a depression coming and homes going to be worth nothing within 10 years
he laughed in my face
lost my buissnesss all illegal competing work for other people
and made a living whos laughing now kenny rogers use to say
you have to know when to walk away
and know when to run
you never count your money as your sittin at the table
time enough for counting when the dealings done
not an issue for the banks, they're already working with commercial owners to push out the loans a year or so ... giving them (and the economy) time to recover ... the sky isn't falling, and the banks aren't going to cut off their noses to spite their face ... even if the banks go hard on some owners (maybe they need to in some cases), overall it's pretty irresponsible for you to equate that to the banks not having a plan
morrisco27 2 years ago
Unfortunately what I said back in May is starting to happen now. I'm in this business, irresponsible for reporting on whats really going on? Don't think so. talk to bankers and appraisers first then get back to me
FreedomForYouAndMe 2 years ago
don't need to talk to bankers, there's plenty of reports that show the banks, while concerned, are already beginning to push balloon payments on loans back a year ... while this may seem like a bandaid, fact is the economy just needs a little longer to recover
morrisco27 2 years ago
There you go...believe the reports if you like. I'm in this business and know what's going on in the real world. Talk to business owners, bankers and appraisers and all of them would back me up on my point. We have just started into this. After I made this video, Bloomberg, CNBC, MSNBC, CNN, Fast Money, Fox Business, Market Watch, Wall Street Journal just to name a few have agreed with my point of view.
FreedomForYouAndMe 2 years ago
why dont people realise that when they buy property, unless they buy it outright, they dont own it. if you have a mortgage or a loan to buy prperty, you do not own property, you own a dept.
daveextra 2 years ago
The messed up thing most people don't realize is that even if you pay off your mortgage you still never "own" your home. Look at your title on your house. It has the word "Tenant" in it. You are a tenant of your land and home. Not to mention that if you don't pay your taxes they take your home. Sad but true, you never ever "own" your home with or without a mortgage.
D
FreedomForYouAndMe 2 years ago