LAYOFFS EXPLODE | Consumers BROKE
HTML-код
- Опубликовано: 30 июл 2024
- LAYOFFS EXPLODE | Consumers BROKE
Check out @SachsRealty
Check out @NobodySpecialFinance
ENROLL FREE: Value packed homebuyers course: real-estate-mindset-homebuyin...
Discord LINK: / discord
/ travisremindset
Subdivision Analysis Form:
drive.google.com/file/d/1qXDB...
For correspondence please email me at: Travis@RealEstateMindset.Org
FREE Helpful Links:
1. How Much Interest Really Cost Calculator
www.consumerfinance.gov/ownin...
2. How Much Can You Afford Calculator
www.calculator.net/house-affo...
3. Debt to Income Ratio Calculator
www.calculator.net/debt-ratio...
4. Amortization Calculator
www.calculator.net/amortizati...
5. FHA Loan Calculator
www.calculator.net/fha-loan-c...
6. PMI Calculator
www.creditkarma.com/calculato...
Data Source:
#1
#HousingMarket #HousingMarketCrash #MortgageRates
Mailing Address:
2261 Northpark Drive #2118
Kingwood, TX 77339
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's RUclips channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RUclips, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship. 
Развлечения
Thanks Travis for having me on your show. I admire your desire to educate with your tireless efforts in serving others. Appreciate you 💪
I appreciate you, brother. When are you going to invite me back to Maryland?
Todd Sachs 2024 or 2028?
Layoffs are currently (for march) 1526 , which is lower than other months in 2019, 2018, 2017 and other years
What about the last three?
@diegoharo7943 Nevertheless, just ONE layoff, at any time, may certainly destroy a family's income and could very well result in homelessness.
Im a plumber, and i totally agree. People are less willing to spend money on necessary repairs lately. Money is tight.
When the dollar stores are closing. You know theres a problem.
Home depot keeps pushing credit and it pisses me off . I tell my associates that debt is why we are enslaved.
HD recently raised credit to 30%......rip off rates....!
Your right 2:05
Wow!! 30%!! I always pay in full 1st of each month. American Express!!
Thanks for having me on Travis! You and Todd are always a blast to hang out with.
Always a pleasure. Thank you for your time!
Layoffs are currently (for march) 1526 , which is lower than other months in 2019, 2018, 2017 and other years
So I started following Jack after he was on Todd's channel but I've been following Travis longer .. So ironic y'all collab'd today!! Great info! The truth of what is consumers KNOW is going on, even if everyone else is lying about it
I always love and get extra excited when I see Jack as a guest. One of the few people on RUclips with the balls to say DEPRESSION. Not a Recession.
It’s going to look horrible by Christmas.
It doesn't have to be. Remember why we celebrate.
@@realestatemindsetindeed
@@realestatemindsetGod only knows!!!😉
Sell all… 8/1/2024.
While it may not look horrible by Christmas but after. Also, certain people might lose money/treasure/asset, but not "rich" people who can get internal info, you know...
All I remember is all the CEOs bragging on increasing there prices under the guise of inflation when people got money because they where told not to work.
I haven’t watched mainstream media since 2009, no social media except for RUclips too
Keep it up. You ain't missing nothing on the idiot box
@@AstroObjects Thank you... I feel great !!! Very happy !!!!
I’m in Connecticut and work in residential construction, mofo’s are spending fiat like it’s going to burn soon. Maybe they’re on to something.
They have wealth... it's not the area where they worry
Gold man! Remember, we cannot save the mass herd. We can only save the select few that will take advantage of the herds mistakes!
I thoroughly enjoyed this! TESLA has laid off 14,000 employees, and now laying off an additional 600 employees. School districts nationwide are laying teachers off. Google is about to conduct more layoffs as well. This is only the beginning, and layoffs will continue.
Thank you Travis for having Todd and Jack on. All three of your channels are so informative. I just listened to 30 minutes of NPR's Mar Market Watch and it sounded like a parallel universe. The mainstream channels are purposefully keeping Americans in the dark.
What else is new-???🤔.
It takes about a generation for people to forget what caused the last bubble, and to overspend like nothing can ever go bad or market values of assets to decline. We are now 17 past the 2007 onset of the Great Reccession when real property and stocks took a big price hit. People say there aren't the liar loans of 2007, but there are other factors now. History rarely repeats, but it often rhymes.
I think the liar loans this time around are even worse, especially with the Airbnb investors that all thought they were going to get rich quick.a lot of them purchased homes starting it was a secondary home not an investment.
No no no Todd, people ARE stupid.
Travis, so deeply appreciate your on going efforts to bring great educational content to us! Jack and Todd and you have brought things to my attention that I had not considered. Thank you, all of you, for so generously sharing your knowledge.
Get ready boys. It’s just the beginning. My husband works in AI and if everyone knew what was coming very very soon, they wouldn’t be able to sleep. Middle class jobs on their way out. Unemployment will skyrocket in the next five years
This 100%. I've been in tech since dial up internet. Ai will butcher jobs. People are NOT prepared.
Please share as much as you can?
@@robertbrown1021 unfortunately I can’t disclose much. However, watch the tech companies closely. They are laying off at lightning speed. They know what’s coming. Other companies will follow as soon as they figure out they only need half of their employees to do the same amount of work. My advice is to research the jobs that can not be replaced by a computer ( an extremely smart one that acts and reasons like a human)
Tax the machines and robots.
Im a self employed contractor and I think Todd has hit the nail on the head!
Me too. My phone has not been ringing like it used too. This time of year I’m usually booked out 8-10 weeks. Only poked out for 5.
💯 % no calls everyone we know business not good if people call just a estimate they’ll get back to you in a few months and they never do. I know 3 big companies friends of ours closed down because no work cost more to do the jobs people can’t afford it.
Preach Todd, preach brother. Now that was a power rant. Inspiring. You guys are great. Much needed these days.
A few of my favorite RUclipsrs all together!!
Why?
They started off by staring lies, Layoffs are currently (for march) 1526 , which is lower than other months in 2019, 2018, 2017 and other years
Diegoharo, because she is smart. I also noticed your missing the last 3 years of data bud. What does 2020, 2021, and 2022 show? Try another way to convince yourself that nothing is wrong.
having a job is not the goal, the goal is to survive
Sorry to be late to the latest Breaking Bonkers Bonanza. I was busy working, being thankful for my job, and laughing with my boss because I had a great week and made the team look good. I'm thankful for job security and a boss who values and appreciates me.
Side note: I love when you have guests on and they're other people I follow. It just confirms to me that I am not wasting a second by watching your videos. Keep up the great work! And the excellent cross-overs with other channels! 😊
There’s no such thing as job security
@@e.zwegat7130 come by my office. I'm the "new" employee. Was part time off and on for seven years. Now, more than a year into a five year contract with a two year option for extension. My bosses have been there for 27 years, straight out of college, and the next "new" employee has been there 17 years. It's about as secure of a job as possible in today's world. I'm super grateful.
All the PPP did for my employer was delay its closing. Went out of biz in mid-‘23
The bigger the bubble, the greater the pop. Really a good three-person team.
Layoffs are currently (for march) 1526 , which is lower than other months in 2019, 2018, 2017 and other years
The entire thesis is wrong
Use the word " Armageddon ".
Hi. I’m an average student graduating with a bachelor of science this summer. I liked the perspectives in this video and wanted to share a bit about why I’m in debt. I admit it’s not just food and rent. To put it simply, I was stressed with studying away from home and spent much school money on a small vacation and an internship. Then we had a family emergency I helped with. Another thing is I couldn’t tolerate tooth pain and got 3 fillings with my insurance still under debate. I also pay for a storage unit since our apartments don’t store their insect infested furniture. I bought a car with my savings incase one of my siblings had an emergency. Lastly, I finally found a job and couldn’t bear not helping my mom on Mother’s Day, so I bought her a housekeeping service before I max out my credit cards on something else selfish or emotionally charged. Because of those things, now it’s hard to pay rent, buy food, and buy gas. So I use my credit card and am fervently hunting for a post grad job that can help. Thanks for listening.
I’m seeing and hearing about layoffs of high earning individuals in stem and management & upper management positions. Unfortunately this is just the beginning.
Very good panel guys. I make sure to watch Travis and Todd and a couple others, and I avoid some like the plague.
Cracker Barrel cut their dividend by 81% today because of lower traffic
Good catch Todd! Another restaurant struggling and more part time jobs going away.
Basically let the rich stay rich and the poor remain slaves
This is Capitalism 101
Yeh basically the poor just have to all become gig workers to save America....seems legit.
Save your money folks, stock up on food, water, beer, wine toilet paper
and ammo
Everything but beer here in Canada. Beer is 48 dollars a case
Hi guys, thanks for all this great information! I’m a social worker in a pretty stable area of the country in terms of housing and cost of living. My husband lost his job and developed a life threatening health condition simultaneously in fall of 2021 and didn’t have employment until last week. We survived bc we had bought a house we could afford on one salary and we drove old cars. I recently started a part time job on the side doing therapy in private practice bc we’ve had some expenses come up. But the corporate benefits and health insurance from my job are paramount to our survival. My question is, if gig work were to become the norm, those jobs come with no benefits. How do we address the insane costs of healthcare for people as they’re currently tied to our jobs? The insurance company I work for recently did layoffs and I don’t think we could survive if I was to lose our health care coverage. Fortunately my specialty area in the company provides supports to the a large amount of Medicaid and chip members so we don’t anticipate losing a lot of positions. But you just never know. Do you have thoughts on this issue with healthcare being tied to employment?
CA has 31,000 fast food restaurants I wonder how many of them are being laid off ?? We are looking at 90/100,000 jobs gone at least
You are doing a lot of work which we appreciate but take care of your health too. Kind regards from Sweden... yes Sweden :)
What's going on with this world? First they think I'm stealing at Walmart because I’m trying to match up something that I already had on hand, namely a pair of glasses. Then of course they stopped me on my way out to check my receipt. The guy literally turns the receipt as it's in my hand which is full of a bunch of stuff that I’d just purchased. Then I run over to Dollar Tree ($1.25 Tree) and every 5 minutes the guy says on the PA system that the store is closing at 10:00 and that if you're not on line by that time then you won't be rung up. I know shoplifting is on the rise but stores need to still maintain courtesy and professionalism. They treat their customers like dirt.
Thank you for all of your videos. I love the collaboration videos with Todd, Jack, Melody, Danielle DiMartino Booth & Orlando. Can you do do more with Nick from Reventure Consulting? Still watching prices come down in West Knoxville as we wait to move from California. Signed…“The other Travis”
Don’t forget about the extra unemployment that was paid
I also think that fast food places are losing money because people are realizing that fast food is not good, not healthy, doesn’t add to your life, and it’s only good for when you genuinely need convenience. The expensive fast food is important too, though, I see that it is much cheaper to just eat rice every day and asparagus, and make my own fish, even if it takes a long time. I feel happier cooking anyway even if it creates many other problems.
Hold the line. Don't give in until a housing market collapses
Dude. I live Bmore and houses are selling. It will take 30 to 40 days however they are still buying
@@eduardomendes5220The North East is still hot and prices are still climbing
Todd is living in La La land......Gig work is a scam.....
It’s supposed to be extra cash not for full time work
@@diegoharo7943 Not really. IT has Gig work. I do gig work when not at a traditional job. The rates can be $90 - $100 hr. Depends what you are asked to do or what the skill set is or how desperate the co. Depends on the budget. Etc.
You do contract work for MORE money than a full time, not less LOLOLOLOL. He's delusional.
I also want to add that I have been great with budgeting, my credit score has been high, too. But staying in school without working, because it was hurting my performance to do so, and going through all of those things before led me to being in trouble, and now my credit score is ruined as if I never made a single payment on time. 😢 but in one month I’ll finally graduate. And I’ve been interviewing all year long. So I hope God will still help me!
Such a great video! Full of some great points and insider information and opinions 🙏 Super Rad!
Walmarts are putting in self checkouts on all aisles except maybe 3-4 that have a person. At least, that’s what I’ve seen from the two I shop at. That’s where the layoffs are also coming from.
Some WalMarts are closing all together
Excellent panel! Thanks for all your great work, Travis, and have a great weekend!
I’m a self-employed contractor in Southern New Hampshire. Normally this time of year, I’m booked out 8 to 10 weeks. And working every weekend. I’m currently booked out for five and have had my weekends to myself. My phone has not been ringing either. So I checked with other contractors I know and they all say the same thing. They are unusually slow.
Everyone i know it’s the same.
Thank you Guys for all your Honesty and True Facts. You're Amazing and keep us posted on The Real Truths ❤❤❤❤
Btw.. Mad respect for "Nobody Special Finance".. smart gentleman right there, love his channel Live here on YT, every morning at 8AM Central. Highly recommend 💪😎👍
Awesome show...I only know what it takes to resist buying a SF in Maryland and trying to consolidate my debts and fighting my wife's temptation and social pressure 😢
The issue is the emotional capacity to delay gratification and character to accept the responsibility to own our debts instead of seeking to pass on our debts to other people.
Great discussion between you all! 👍 a love the way you all tried to end on a an encouraging note. You obviously understand the middle income earners' frustration with not wanting to over pay for a home but also being concerned that the stimulus based manipulation has caused the lack of natural cause and effect to play out. Home buyers have a legitimate concern with deciding if they should buy anything right now or they will be forced to rent. We are in a terrible cross roads that needs to be allowed to correct natural or the middle class will be pushed out of the ability to purchase an affordable home.
I recently filed for bankruptcy.
Keep you head up broski
Not an easy decision but you'll wake up one day relieved and that's what matters. Learn from your mistakes, move forward. Nothing is better than a fresh start!
12:30 - "This reminds me of 2008. You know, 3 months after I help you resolve your debt issues, you go onto amass another 100K of debt on top of that?"
Yeah, you couldn't take advantage of it and just be done with it. You still had to get sucked back into the horrible cycle of debt and compound interest? Really? The first time wasn't horrible enough? Like a bad episode of Chef Ramsey or Hotel H*ll
Thank you, gentlemen for this well-grounded and honest analysis and commentary!
That was quick 2 years for consumers to spend over $2.5T in monolopy money.
Im expecting things to deteriorate quickly when Chyner devalues their currency and metals/commodities go way up in value.
Great commentary... thanks.
Travis, Todd, and Jack! Always love what all 3 of you have to say!
GEAT INFO! I got my brokers license in 1985. You guys are right on the money. FYI great RE sales in 1985-... when rates were at 13%!!!! Prices were reasonable.
Invaluable information vital. Thank you
Todd, totally agree that we’re not teaching people about the reality around them. And that applies not only to our financial lives but to the reality of our changing climate which is RAPIDLY spiraling out of control. Look at the “storm” in Houston 2 days ago, look at the Lahaina,Hawaii fire and hurricane in Acapulco last fall. Look at all the flooding in Brazil last month, the tornadoes in the past 2 weeks, and they’re predicting the strongest hurricane season possibly ever because the oceans are off the charts hot. The oceans have never been this hot in the time that humans have been alive. We need to help people understand that until we drastically reduce our consumption and we start to ‘live within our climate budget’ this will continue to worsen. We must prepare not for the future that we ‘hope’ is going to happen but for the future that scientist are warning us IS HAPPENING- NOW.
Geoengineering has been going on for a long time. With virtually no transparency it's impossible for the public to know how much climate change is natural, due to geoengineering, or something else.
Tremendous talk. Both guests really put together a realistic overall picture. I feel actionabley informed after this. Great focused questions to both experts. Satisfying. Thank you!
Amazing info ty for it....well said 👏
People work the W2 for the benefits. There needs to be a reputable and fair cost benefits market for your 1099 group. Hoping the health insurance market can change for the individual vs favor the larger companies that only provide their employees with favorable pricing...
This was a great show. Spot on.
Dont forget pay isnt keeping up with the rise of prices in everything
Just get another job.Simply said. I've worked for 52 years. Love way below your means. They let you go. Forget it just move on.
❤
I am subscribed to all 3 of you guys... you do a great job.
I got laid off so they could hire a brand new teacher. I have more than 20 years of experience and 2 master’s degrees. I moved 3 years ago to another state, so I don’t have tenure.
Everyone is gonna have to budget. Learn how. Make decisions. Some will loose. Others will win. Hate say that.
I completely forgot that those that were unemployed got additional unemployment benefits. I wasn’t a recipient of that. I did benefit from the payments they gave ALL Americans.
Impressive video! Your detailed analysis of the intricate pension situation and the potential impact of the debt ceiling crisis is a compelling wake-up call for proactive financial planning. Yet, adding a touch on alternative investment strategies, such as the potentially lucrative day trading, would have elevated the discussion. Though risky, with strong risk management and a keen understanding of the markets, it can be a profitable endeavor. Continuous learning, staying updated with trends, and leveraging insights like Rafa Manuel’s are critical to success. Remember, with discipline and dedication, trading success is within reach..
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
RAFAMANUEL THAT IS HIS USER NAME
Through his strategies I was able to afford a nice apartment in the US
When someone is straight forward and good at what he or she does, people will always speak for them. To me I will say give Mr Rafa Manuel try and you will forever be happy that you did.
Job will pay your bills, business will make you rich but investment makes and keeps you wealthy even till the future
Stop pulling up charts and look in your wallet. Massive layoffs, unprecendented price hikes on everything and wages still can not even maintain a household and people still can not pay bills. The word is recesion.
The charts are lying. I'd rather at polls or surveys.... Anything from the "official" sites are cooked
Deferment isn’t forgiveness.
great work !!
He’s so wrong about gig work. DoorDash/Uber eats EXPLODED DURING THE PANDEMIC. It’s not cheap to DoorDash/Uber with all the fees that they tack on. These gig jobs are completely discretionary spending based. He’s starting to PMO lol
Gig jobs are short term projects. Self employment for jobs businesses need and can hire specialists or experts. I never mentioned Uber rays of the like.
Being self-employed can be one of the best decisions some people can make for sure.
Great content!
yeah job market is very tight, i have people begging for work in retail, we pay really well though
I am so confused by the idea that tax dollars pay government salaries. The US dollar is fiat, and must be issued by the US government. Therefore, more dollars cannot be taxed, than have been issued. We can reduce the money supply by running a surplus, but that is deflationary, as less dollars will be in circulation. And a continuous surplus in tax revenue would eventually consume all of the dollars in circulation. In reality, I think the combination of monetary and fiscal policy in the US, is simply a means of allocating and diverting resources based on the interests of the current government power structure.
Work 'til you drop (onsite) is the retirement plan today. What is the point in a 401K that can never be collected?
Man I really love when Jack is on! you can tell he's very informative very easy to listen to
awesome interview 👍😃👍
Recession is when your neighbor gets laid off. Depression is when you get laid off.
One area you didn’t discuss is how AI is eliminating jobs.
I think housing is an important part of the equation. But, the friend-shoring and near-shoring boom is causing manufacturing to move back to the usa. So there is a good chance that the blue collar sectors remain strong for the coming years.
You guys are the best❤
I just got fired today, is this real?
Geeze, man. I'm so sorry to hear that. Keep the energy, and don't stop fighting to get something. Resumes can also go a long way.
Great discussion. Found your channel via Jack
Employed renters are keeping those homes alive, covering the 3% mortgage and taxes, etc.
Actually, responsible people, who pay their bills on time and save for emergencies, non-criminals , and non-illegal aliens didn’t get one dime of stimulus!!!
Great Advice!!
I think people will use credit cards until they're maxed out and then file bankruptcy!!!
Some people think the economy is bad no matter what 😂😂😂
We are NOT TEACHING PEOPLE REALITY!!!
Great finance guys !
What about the rear state tax 20k on a 1000 000 house. How do i pay it if i get laid off? This, even if I own the house ?
Sickening
How can I be going broke', when I still have vodka'🥴
I agree, I don't think things will change until we get to the 4.5 Percent unemployment. I think that's when a lot of the part-time jobs will Dry up. But if it hits the 5% unemployment, that's when the n75, to $100k jobs start drying up.
I'm thinking the opposite, we will lose more full time work to part-time, companies already going to 32 hours work weeks.
🎉🎉🎉 For the algorithm my good friend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
I see frivelous spending at a level beyond 2007. Everyone is a Kardashian today. As long as they have credit.
During the pandemic, people didn’t have to pay student loan debt and many didn’t pay rent and couldn’t be evicted plus the government gave everybody “free” money. The result is hyperinflation.
Todd is completely delusional about gig working.
Very delusional about gig work.. but he is a business owner.. so he see it as getting employees on the cheap.. cheap labor, low wages.. bad economy he is shooting himself in the foot
Yeah WTF was that?
LOL IKR, I just said the same thing.
I'm going to do contract work for LESS money than I do it full time? Um, that would make you a pretty terrible entrepreneur and business owner. No, I want a minimum of TRIPLE the full time rate for contract work. And I want it paid partial up front. THAT is how contracting works.
Gentlemen, parents and even grandparents are helping to pay student loans. Not all are doing this, I must say. If not student loans... It is car loans, rent, etc.
Money is tight, we’re buying things we need, I use to shop for this I didn’t really need! Not no more 😂 the future is uncertain!! Work, save and save because you never know..