🔥 CHECK OUT LYN ALDEN and I discuss HOW YOU can set up your portfolio to take advantage of the DOLLAR LOSING RESERVE STATUS!! www.georgegammo...
Пікірлер: 109
@JacksonTaylorandTheSinners3 жыл бұрын
Our business was force to shut down and we haven’t seen a f’ing cent from the government, we’ve had to move from Denver to Arkansas and re-invent our business. Our income is down 90%. Oh, well we will come through this leaner and more educated and skilled. Diversify your skill set folks. What a insane time to be alive.
@thereignofthezero2253 жыл бұрын
Lots of people being pushed out of Colorado. I may also be one of them someday
@JacksonTaylorandTheSinners3 жыл бұрын
@@thereignofthezero225 we loved it! Lived in Highlands Ranch for over a decade. We got our bearings back and had the time to pivot in Arkansas over the last 10 months. Looking at moving to Grand Junction in June. The leftist hoard have done to Northwest Arkansas in 8 months what it took then 8 years to do to Denver. It’s astounding how quick California’s have swarmed here and are changing NWA. Home prices have doubled in 6 months, traffic has exploded and there are beggars on every corner. Last June this was another world entirely.
@thereignofthezero2253 жыл бұрын
@@JacksonTaylorandTheSinners thats insane. The exponential rate of expansion is mind blowing. I live up in conifer, so only about 30 mins from where you were. Im sure youre familiar. Have you visited staunton state park? Grand jct would be pretty cool
@JacksonTaylorandTheSinners3 жыл бұрын
@@thereignofthezero225 our band has played the big country club there a few times. Haven’t spent more than a night there at a time, but we really liked it. Last time we drove up 25 through Denver was in July. I counted 56 cranes just on the west side of 25 down town in about a two mile stench. There was twice that on the east side of 25. It’s like Texas. It’s growing so fast it makes your head spin.
@UltimateBargains3 жыл бұрын
There is no moratorium on paying property taxes.
@fmtnic3 жыл бұрын
I think the article is saying that 70% of mortgages are eligible for the program.
@vivica82073 жыл бұрын
That's what I thought too. 70% qualify, but are not necessarily taking the forbearance.
@mutantryeff3 жыл бұрын
When everything is "free" then nothing has value.
@void__star3 жыл бұрын
Free stuff still has value (just as the sun and water have value). Price doesn't drive value, although some people do get tricked into thinking it does.
@mutantryeff3 жыл бұрын
When they finally default on the loans, in CACAfornia the government has 1st rights to purchase the property.
@CatsLivesMattter3 жыл бұрын
That is how they will implement the 'you will own nothing and rent everything' part. That and debt 'pardon'.
@ADAMREES-GRITGYM3 жыл бұрын
It could be the government’s way of taking your home. If you’re loan is enough greater than the value they can repossess it
@EZHick13 жыл бұрын
Exactly. Have people that can pay their mortgage put that money in the stock market. The bubble pops and now they cannot make the big payment due. All part of Klaus’s utopia of owning nothing and liking it.
@thereignofthezero2253 жыл бұрын
Good. Let them fail and let property prices fall so that i can buy
@ramjamflimflam3 жыл бұрын
I never lost my job. Kept paying my rent, bills and groceries continue to rise. Spend $350- 400 wk , this time last year was $250-300 wk. utility bills going up. This is really gonna be fun!!
@BubbleMania56783 жыл бұрын
“Making Inflation Great Again”
@UltimateBargains3 жыл бұрын
We are "down payment bound". Wages are not increasing fast enough relative to prices for people to accumulate 20% down payment. The govt will skew the mortgage market to low/no down payment loans.
@paulwebb23903 жыл бұрын
This is how they will get those fence-sitters to get the jab. Forgiveness of debt.
@carmangeek88823 жыл бұрын
Private property rights are being curtailed. Why should anyone not have to pay on the loan they took out. Another step towards total depravity.
@RandyBrady20243 жыл бұрын
Hello I'm from the government and I'm here to help you.
@DissonantShadow3 жыл бұрын
I will be paying off my rentals as I'm able. This system is being propped up so that it can be collapsed.
@ebeaulieu8133 жыл бұрын
Seriously how did the government cook the books/statistics that incomes increased when unemployment is way up and businesses have gone under? No don't tell me a lame $600.00 stimi last year or a lame $1,200.00 check this year? That's BS
@ebeaulieu8133 жыл бұрын
@@daniilsolovyov2178 Personally I don't believe anything out of the Government or News Media anymore, I'll start searching for where's the truth or close. Common sense, basic economics the gov only income is taxes so what do they do shut down business, travel, etc. Now I am waiting to see the Green Jobs and training Biden promised.
@jojog793 жыл бұрын
When I go to Target I should tell them I demand a moratorium on paying them for the goods I pick up that day... Why don't we view this nonsense as what it is NONSENSE
@johnyoungieyoung1233 жыл бұрын
No need, you can steal goods less than $950 and it's only a misdemeanor
@thereignofthezero2253 жыл бұрын
@@johnyoungieyoung123 i got busted there once haha
@johnyoungieyoung1233 жыл бұрын
@@thereignofthezero225 more than $950?
@thereignofthezero2253 жыл бұрын
@@johnyoungieyoung123 nah. That was the last time i ever got in trouble though. 20 years ago. I guess im on a long lucky streak now haha
@johnyoungieyoung1233 жыл бұрын
@@thereignofthezero225 keep it below $950 and you'll be fine. Pick me up a bottle of Seagrams please.
@wertzui198712293 жыл бұрын
See, George you coming around :D MMT is going to be great!
@kanewootton73993 жыл бұрын
Keep up these great videos George
@jeffersonblackmon3 жыл бұрын
The stimis' will not be enough to catch people up on rent or mortgages - unemployment surely won't. This is going to be Insane.
@raym17053 жыл бұрын
George, Note that this mortgage forbearance does not need to support hardship evidence to qualify for that. I know a couple of people requested that and used the mortgage payment money in the stock market and got great returns. I think this is one of the reason the stock prices are shooting up to sky. Wonder if the government going to block this loophole?
@westcoaststacker5693 жыл бұрын
Their encouraging it, the Government wants all money into the stock market as a symbol of a strong economy. Why interest rates are so low, bonds and saving accounts are no better than cash. Home mortgage rates keep declining so that people will take equity out of their homes and gamble it. Wife wants to refinance at these rates, I told her today wait they will get even lower once this round exhaust itself. We are headed to negative rates, read (Bloomberg) today Yellen is not playing ball with Powell and wants to move treasury funds out of the Fed which will have a downward pressure on money market rates, "may make them go negative"
@ccjelley23903 жыл бұрын
Klaus said back in June zat zeeze vud be disruptive times
@ADAMREES-GRITGYM3 жыл бұрын
When do you just say screw it and play the hand you’re delt
@grinderswitch91073 жыл бұрын
George, I work in mortgage servicing and we have people who were 6 months delinquent when covid started and they are still allowed to extend covid forbearance. They’re well over a year delinquent and still have several months of forbearance to go.
@grinderswitch91073 жыл бұрын
On top of that we will likely modify their mortgage and buy them even more time. Again, they couldn’t even pay before the quarantine!
@danielbarnett68593 жыл бұрын
Hay george where's your old man glasses? Lol 😂
@uptoyouThailand3 жыл бұрын
I’ve been saying 70% of mortgages are in forbearance since I saw this last week and that’s wrong. Now I see it’s 70% of mortgages are eligible for forbearance, but only 5-6% are actually in forbearance. I feel like an idiot.
@bubblyinvestor59663 жыл бұрын
People are trapped. They can do nothing except rely on government support.
@Paul-ci4yt3 жыл бұрын
They really are not going to stop are they. 😳
@James-kd1kp3 жыл бұрын
Nope, it's the Controlled Demolition of the American Empire.
@vivica82073 жыл бұрын
I'm not sure they really have an option at this point
@daveforgot1273 жыл бұрын
This is a real good piece of information. I'm glad you kept it relatively short and you made it relevant unlike some of your topics recently that are just repeating themselves because you seem to be obsessed with having to do a show when there's no new news
@shawnhanover59333 жыл бұрын
What happens with escrow and property taxes? Last year my taxes went up 40% or $15000. Quicken loans paid and gave me an interest free loan for a year on the past escrow shortage. What happens when ppl don't pay their taxes? Mortgage companies will pay?
@westcoaststacker5693 жыл бұрын
If the State forecloses it saves the bank the cost, then the bank pays the taxes and keeps the property.
@kirkclements48933 жыл бұрын
Are there any Residential Mortgage securities (that the Fed has not bought) that are not making their interest payments in full to the owners of those securities???
@BatmanBoss3 жыл бұрын
Foreverbearance
@maryg43443 жыл бұрын
Not fair to people like me that have paid off their mortgage. On fixed income with rising food and utility prices.
@johnyoungieyoung1233 жыл бұрын
I want more "Stimmy" and more Heroin Guy please George!!!!!
@karenreddy3 жыл бұрын
George, what was the mean increase in income? It's important to understand the distribution. Sure the aggregate number may be high, but it doesn't necessarily mean that increase has made its way to the people who need it. Knowing government efficiency, I doubt it has.
@NV-uv3yz3 жыл бұрын
Thought came to my mind George and I wondered what you might make of it... During forbearance, could the home owner then still make payments directly to the principal without worrying about interest payments during that time? Would that work? So at that point you could have an interest free mortgage for a year?
@frenlyfire3 жыл бұрын
no inflation
@tinlidtoo66153 жыл бұрын
Have the banks agreed to tack these missing months on the end of your loan or are they going to be looking to increase your monthly payment substantially or God forbid a massive single payment???
@bigqueue3 жыл бұрын
Hey george, we all like free market capitalism but just like when you played blackjack you have to play the hand your dealt. So really what we have to do is look down on our feet and say where we are and look around us and see what direction we can even moving. that's how we have to handle our investments now, it may not be the way we want to see things, but we have to play in the environment we are dealt.
@youtubeuni3 жыл бұрын
Im struggling financially because taking welfare from the government is against my principles. (#positive virtue signal)
@youtubeuni3 жыл бұрын
@Kevin Schmidt Inflation is a tax so I suppose I have. If you are talking about income tax, no. On paper my business breaks even every year...
@youtubeuni3 жыл бұрын
@Kevin Schmidt I MEAN WHY YES!! I PAY TAXES HAHAHA WHAT? I PAY MORE TAXES THAN I HAVE TO. I WISH I COULD PAY EVEN MORE!
@deedawg82293 жыл бұрын
Who's income has increased that much? Gimme that application.
Great video ... but George, a lot of the middle class is not receiving stimmies and have lost their jobs, have had their salaries reduced, or are just trying to navigate through higher prices. These, which number in the millions, are suffering.
@squarecracker3 жыл бұрын
yeah I lost my job in 208 and couldn't find anything besides a mcjob LOL. I don't get any stimulus.
@kevinglick86713 жыл бұрын
Buy a house this month, next month go on Forbearance......
@BrawB17763 жыл бұрын
Aslong as the Fed keeps stimulating me i'm good i think.
@kineticgames2933 жыл бұрын
Free rent for life! Stimmies for life!
@travisjacobs33 жыл бұрын
Are they going to do this indefinitely? Or are they just stalling while the real economy stabilizes? Either way we are screwed.
@travisjacobs33 жыл бұрын
@Kevin Schmidt Housing won't collapse for years. Once interest rates hike up in 2023 or 2024 then it will
@Paul-ci4yt3 жыл бұрын
Don't underestimate Brrrrrr I'm beginning to think it won't stop until something breaks that Brrrrrr can't prolong.
@travisjacobs33 жыл бұрын
@@Paul-ci4yt They have to attempt to control inflation so no, the printing will slow down and rates will increase. Unless they want hyper inflation.
@travisjacobs33 жыл бұрын
@Kevin Schmidt 1.9T stimulus isn't slowing down. Plus this 6 months of moratoriums will allow for more lending. Printing isn't over yet..
@travisjacobs33 жыл бұрын
@Kevin Schmidt I do believe this administration will introduce Fedcoin soon.
@jhause94043 жыл бұрын
I am well 😃
@reid4833 жыл бұрын
I'd rather it be mortgage's and not rents.
@BravuraMediaCompany3 жыл бұрын
The title alone made me laugh !
@gregariousaccountant30253 жыл бұрын
Inflation goes boom
@VoodooD0g3 жыл бұрын
harry pöotter star is probably the prettiest women in the world
@vvolfflovv3 жыл бұрын
J-J-J-J-J-J JENGA
@carlyellison84983 жыл бұрын
George is very emotional, lol.
@kevinglick86713 жыл бұрын
I am emotional too with what the future holds
@gemeen_aapje3 жыл бұрын
Why do all your videos now have to attack Biden? Trump lost, get over it already.
@ramjamflimflam3 жыл бұрын
They’re both bums really!
@DissonantShadow3 жыл бұрын
Both are actors who move forward the agenda given them. Left and Right are the same books with different covers.