Weekly Financially Update with Michael Zuber talks about Elon Musk backing out of twitter, talks about Crypto, Bitcoin and Everything about the Real Estate Interest Rate.
So Elon Musk is backing out of twitter because Twitter is a broken business model and it's the worst run social media company because they've been banking on fortune 500 customers and they're gonna run away so there's a chance that Twitter doesn't survive until the court rulling and it will take 7 years. And Mr. Wonderful from Shark Tank lit up the Twitter Board and Employees basically saying it's the worst company ever.
And there's a youtube channel thats been calling a crash.
The issue is in September of 2021 interest rate is at lifetime low and he said don't buy.
So your payment is now $2,000 more expensive in LA if you listen to this idiot.
This guy, because he is more interested in clicks and getting paid than helping people, cost people and the interest rate is what kills you. This guy hurt people and i've had enough.
This idiot only thinks about price, Real Estate is not a pricing game it's a payment game and whether you like it or not 2020 and 2021 will be second and third best year in 52 years to buy a home because you could get a 30 year interest rate on your 3%. This moron told people not to buy because there's a crash, he did this because he got paid, he wasn't trying to help people, his selfish motive, broken record and doesn't understand basic math and just horrible.
Show Notes:
- Twitters never had incentive to frankly produce a real number, they're just courage and they like bots.
- The thing that you really need to be watching is the yield curve inverted this week and it's still inverted
- You can borrow money for 10years less than you could borrow money for 2 years.
- And long term money is supposed to be expensive that short term money.
- The good news I don't do youtube for the money. If people stops watching youtube he goes broke.
- The other big news, houses in San Francisco were screwed.
- Commercial stuffs are collapsing.
- Banks are evil.
- I have 1% on my net in Crypto and i haven't touch it.
- Refused to do stock market because i have business and will invest it in the Real Estate to get a better return.
- Rates goin up doesn't really solve shit.
- Everybody had to work from home anywhere, everybody is looking for developers and developers are expensive.
- We have CPI next week. Above CPI last month - means have not get a peak inflation.
- Cathy Wood runs a ETF - index fund, trading tax reasons
- Basically had an amazing 2 years and She's the number 1 capital allocator which is hard to do
- Now she's losing and she's hurting a lot of people.