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#personalfinance#inflation#recession Disclaimer: These are my opinions and not the opinions of my employer. The content shared in this video is for entertainment purposes only.
welcome back folks welcome back family
hope you guys are doing very well today
if you are stopping by the channel for
the first time please consider
subscribing to the channel and while
you're at it go ahead and smash that
like button I really would appreciate
that now uh we've been talking about
this for a little while but we are
seeing the writing on the wall folks
we're starting to see this pattern
emerge and there's an economic shift
here now this shift started years ago
actually but the shift is actually being
begun to accelerate in the past uh 24
months about 24 months we've been seeing
this economic
pattern began to emerge a little bit
faster and it's only been exacerbated by
the Fed chair Jerome Powell's federal
reserves decisions to
tamper with interest rates attempting to
bring down the cost of inflation now
unfortunately this pattern that we're
seeing it's starting to affect the lower
income Americans first everyone will be
affected but the low-income Americans
will be hit first and we're starting to
see this already and there's a story I
want to share with you guys because
this this is a scary pattern this is
this is a very concerning pattern if you
are
on fixed income
it's even worse and I'm going to explain
why later in this video and I want you
to let me know if you find yourself in a
similar situation and if you don't maybe
you know someone else who is in a
similar situation and you may want to
share this video with them so that they
can prepare for what's coming down the
pipeline
fixed income could be anything from your
salary worker
and you know your salary it is what it
is I don't maybe you make forty thousand
dollars a year fifty thousand dollars a
year a hundred thousand dollars a year
if you're a salary worker you're fixed
income
uh if you're a salary worker without
Commission
now you're not fixed income because your
your commission could uh can alter the
amount of money that you can earn
now if your Social Security and all your
income is coming from Social Security
meaning you don't have Investment
Portfolio income maybe you don't have a
small business an online business you
don't have any passive income streams
you know then your fixed income Social
Security SSI SSDI uh Railroad Retirement
beneficiaries if that's your only income
source and that income doesn't change
it's pretty much the same year after
year unless you got a cola increase
um you know many social security
recipients are actually all Social
Security recipients are going to get a
cola increase going into 2023 but aside
from that the income's not going to
change now
obviously you can there are methods
there are strategies you can Implement
to increase your income which we talk
about over in the patreon community a
lot of you guys are already joined in
and it's a smart move you know it's like
okay in this day and age we need to
figure out how to increase our incomes
but if you don't know how then you know
you know uh you could potentially be
wiped out now a lot of you guys are
learning how to do these things over in
the patreon group I'll leave a link for
the patreon group in the description
down below but here's the thing guys
we're seeing this this pattern this
problem emerge
and it's affecting Americans uh and the
fed's Not Just targeting low income it's
just that the low income is the most
vulnerable
so
the fed's decisions is definitely
affecting Americans with little to no
assets first
okay
so
what we are seeing here are increased
mortgage payments we are seeing
increased
cost to carry debt but more importantly
we're now starting to see families
homes being threatened
and you might be wondering well what do
you mean
maybe I'm renting maybe my home is paid
off if my home is paid off what do I
have to worry about well
you have a lot less to worry about than
those who have a rent payment you have a
lot less to worry about than those who
have a mortgage payment but there are
always carrying costs now if you don't
have a way to generate passive income
that exceeds your expenses then you're
always going to have to remain on this
rat wheel
and again we're we're seeing this this
this this this
evolution of our economy affect the
lower income Americans first we're going
to see it with layoffs and when the
layoffs hit we're going to see
lower
income earners affected first we're
seeing we've seen it in retail as a
matter of fact I worked retail for a
long time some of my first jobs were
retail so I already know how the game
goes but it's about to it's about to get
stepped up a notch
for example
when I was working retail
I remember every year
we would have going into the fourth
quarter
all of these different retail stores
Best Buy Home Depot Target
who else uh
Costco
um
basically all these retail stores would
extend their hours and in order to
extend those hours those employees had
to work more
well what happened come January well
come January uh those employees
saw a drastic decline in the amount of
hours that were available for them to
work and of course it's negatively
affected their paychecks
and so for for several months employees
were you know they were seeing bigger
paychecks through uh increased hours in
these retail stores
but the moment January rolled around
hours got cut
sad part about it here now is we're
going to see more and more of that in
fact retailers were actually cutting
hours and laying people off long before
January retailers lost confidence in the
American Consumer probably uh
October November
we've heard FedEx FedEx
I mean you got big companies like Amazon
you guys see Amazon stock you guys know
how big of a company Amazon is
multi-billion dollar company Jeff Bezos
former founder or founder of uh of
Amazon Jeff Bezos was warning us he
warned us he said hey Americans don't
need to be wasting money on items that
they don't need to purchase now this is
coming from a person who profits off of
the
uh the the American Consumer
purchasing goods from Amazon so if the
if the former if the founder of Amazon's
warning us to start saving money start
investing money and prepare
we had to have known that something big
was coming down the pipeline now I got
some big news I want to share with you
guys
and I want you guys to let me know if
you've ever heard of a company called
you know companies like BlackRock these
are investment companies investment
firms BlackRock you got uh you know many
different hedge fund companies there's
these there's different REITs real
estate investment trusts well here's the
thing folks
we're starting to see this pattern
emerge more and more and
uh you know unfortunately
some families are not in a very good
position to
cope with this as it's coming down a
pipeline now I'm going to share a story
with you
and this story
took it affects one particular family
but this story is going to affect many
many more families coming down the
pipeline you guys can let me know if you
resonate with the situation if you've
heard of anything like this or if you
know anyone personally who is in a
similar situation where they could end
up being vulnerable to this circumstance
so basically it goes like this so when
Sarah Clement moved to the Golden Hills
mobile home park two years ago she felt
like she had won the lottery after years
of squeezing into one bedroom apartments
with her seven-year-old son finally
settling down into his own bedroom his
toys splayed out in the yard
uh just at the edge of the park
Miss Clement loved the friendliness of
the neighbors and getting to you know
watch the sunrise and and whatnot over
the foothill Hills of the Rocky
Mountains to the west and living there
was affordable for her salary as an
athletic trainer after purchasing the
manufactured home the rent for the plot
that it sits on was 625 a month so only
625 a month very very comfortable for
her to afford this but just six months
after she moved in the plot of land and
all of the stability and the comfort
that came with it seemed suddenly ripped
out from under her the Colorado couple
that owned the park for years so this is
a mobile home park that was owned by
just you know individuals individual
entrepreneur Real Estate Investors it
was a married I believe it was a married
couple so the Colorado couple that owned
this mobile home park for years had put
it up for sale
Miss Clement and her neighbors knew that
if the park was ever taken over uh by
one of the big manufactured home
operators uh who were buying up Parks
all over the state then of course the
rents would dramatically increase so
this was a major concern now I think you
guys can kind of see where this story is
probably going if you live on a first of
all if you are a renter you're subject
to however much the entrepreneur real
estate investor decided to increase
rinse by and this is nothing new
but the simple fact of the matter is
that we're starting to see uh bigger
concerns starting to surface now we've
already talked about some of the
concerns with Social Security and how
there's this big push for major Social
Security reform
um Bernie you know the likes of Bernie
Sanders are pushing for this uh Social
Security
is slated to essentially become
insolvent if if some major changes don't
take place but in addition to Social
Security SSI and SSDI uh being affected
we are also seeing hedge funds we're
also seeing big investment firms we're
seeing these big brokerage companies
that manage Pension funds searching for
higher yields and higher Returns on
their Investments they need to make sure
that they can continue to pay the
paychecks out to these pension
recipients
and so what's happening is some of these
investment firms are
purchasing real estate and some of this
real estate ends up being mobile home
parks and so what they're doing is
they're coming in and they're purchasing
up these mobile home parks and when they
do this they're looking to turn a profit
so generally speaking and this is where
a lot of
people are finding themselves oh my God
I was comfortable I was making ends meet
then inflation hit the FED started
increasing interest rates and on top of
that
my living expenses drastically increased
because the land that my property sits
on is suddenly going up now again if
this is the first time you've ever heard
anything like this I'm glad I'm sharing
this information with you because I
don't want you to get blindsided but at
the same time
you guys need to know what's coming down
the pipeline and these pensions they
need to generate a certain amount of
return in order to be profitable and in
order to be able to make sure that those
who are receiving a pension continue to
receive a check in the mail
she said this is what Miss Clements said
she said it was like this deflating
feeling of oh my God I thought we had it
I thought this was where Our Roots were
going to be so she thought she was going
to be able to live here for a long
period of time now you know across the
country manufactured home parks housing
Parks like you know residents like Miss
Clement they're finding their homes
right at the at the center of this
they're just they're being targeted
because
some of these Pension funds some of
these hedge funds some of these
investment brokerage uh
investment brokerages and investors
they're looking for this return and
they're seeing great opportunities
but they're not I don't know if they
ultimately the decisions that they're
making is affecting those who live there
and so what's happening is that
in this particular in this particular
case uh the threat this is threatening
the stability of one of the nation's few
sources of affordable housing
now we've already seen the the impact
that the FED has made on the housing
market
housing's not more affordable is less
affordable now you go out there and try
to buy a house right now you've got
you've got
real estate prices that have appreciated
at a rate that we've not seen before not
at this rate
real estate is appreciated for the last
hundred years and more probably since
the beginning of time real estate has
appreciated but the rate that real
estate has appreciated whether it's
artificially or not over the last 24
months is unprecedented
and then you couple that with the fact
that the FED has raised interest rates
and housing prices haven't fallen to the
extent that many have predicted so this
is making the cost of ownership the cost
to acquire assets like real estate more
and more expensive interest rates have
gone from sub 3 percent
less than 15 months ago to over six
percent borderline seven percent
mortgage rates for 30-year fixed rate
mortgage even with good credit
so
but here's the scary part guys
so uh basically residents of this
particular neighborhood this mobile home
park they quickly got organized and they
started forming this Cooperative to
offer uh to buy out the park themselves
and so this is why Americans with little
to no assets are really getting screwed
here right and you know this is and but
at the same time I'm very happy to see
how many people are joining the patreon
community
um that they're joining our patreon
family the link is in the description
down below where we are literally
building this community of like-minded
individuals who are trying to acquire
assets so that they don't get wiped out
they're creating they're starting
businesses for the first time they're
increasing their incomes and this is
this is the solution here increasing the
incomes so that you don't get wiped out
uh by this economic shift by this huge
great reset that's coming down the
pipeline so residents of Golden Hill
County they they got organized they came
together they formed this Cooperative to
offer to buy this mobile home park
themselves and they're on track they
were on track to obtain financing from
The ROC USA Capital which supports
resident owned communities across the
country so basically the residents in
the community that own the
mobile home or modular homes whatever
you want to call them they own the homes
but they didn't own the land that they
sat on and this is where the this is
where they're they're their their
security was at risk so for months they
were full of Hope
the three block uh stretch of beige
single and double wide homes they you
know
they filled the neighbors mailboxes with
flyers and newsletters and you know even
local politicians uh got behind them and
said you know the city voted to Zone the
park for manufactured home use only
but unfortunately
in July the homeowners
uh
the the excuse me in July the owners of
the land because remember the land that
the mobile home parks were sitting on
were owned by a couple
well ultimately the owners rejected the
initial offer from the mobile home
owners
they rejected the offer
and they accepted a Higher One just a
few months later and ended up selling
the park to Harmony communities which is
a manufactured home operator with 5 000
residents in 33 Parks Across the Western
United States the company quickly proved
the Golden Hills resonance fears correct
and you know what happened next
I don't even know if you guys are ready
for this one
the Golden Hills
residents
faced a 50 rent increase
issuing a 12-page single space list of
new park rules so not only
this is a this is a slap on the face
twice not only did their rent increase
by 50 you just think about your own
situation put yourself in their shoes
I don't know how much you pay for rent
but add 50 to it suddenly
I don't know if you pay a thousand
dollars a month for rent but if you do
your thousand dollar per month rent
would jump up to fifteen hundred if
you're paying two thousand dollars a
month your rent automatically went up to
three thousand dollars a month right
now
the name of the game for these real
estate entrepreneur investors is to get
the most return for their investment
and by doing that they have to raise
their income they need to raise their
revenues drive up revenues increase
their profit margin in order to achieve
these goals well
they say crap rolls downhill folks right
well just what we're seeing here
the lower income faults are at the
bottom of the hill
so as the crap rolls down guess who's
getting getting squashed
now that ain't even the worst of it
they went on to say
that they be you know not only did they
increase the rent by 50 percent they
issued a 12-page single space list of
new park rules 12 pages of new rules so
just think about it you ever if you live
in a neighborhood where there's a HOA
um then there's a lot of rules you got
to comply by and if the HOA wants to
give you a hard time they can literally
just go through this list and
um nitpick and figure out what you what
you're not in compliance with oh your
grass is too high by this much oh your
shrubs are a little bit too tall oh you
went and painted your shut your your you
painted your siding oh well we didn't
improve that color so you can't do that
now you need to change that color or pay
this fine uh the fine might be 500 the
fine might be fifteen hundred dollars
who knows
um all sorts of different things oh you
can't have a trampoline in the backyard
that we can see from the street you
can't do this you can't do that oh you
replaced your windows we didn't approve
that first oh you changed the front door
on your home yeah you didn't get
approval for that here's a fine or
change the door back right so lots lot
yeah okay so that's just that's just tip
of the iceberg right
so then just a month after purchasing
the park the company offered to sell it
to the residents at an even higher price
than the company had just paid for it so
this investment this this real estate
investment company bought the park
originally from the original owners
raised the rates on the rent by 50 then
they offered to sell the property they
offered to sell the park back to the
residents that lived there
for even higher than what they bought it
for
so
now
facing both the rent increases and the
cost of being basically forced to change
their homes in order to comply with the
with the Park's new rules the residents
were rushing to search for other housing
but finding very very few if any options
in their particular area
which just happened which just so
happened to be right outside of Denver
at an apartment complex up one road just
one road up the street a one bedroom
apartment started at twenty four hundred
dollars a month almost one thousand
dollars more than what this particular
family uh was saying that she was paying
for the exact same apartment right in
that same city back in 2018. so
it
you know on the one side it's like you
know you feel bad for the residents that
got their rent increased so drastically
so so quickly but at the same time it's
like well you know the the other side of
the coin is okay well if you receive a
pension if you receive your social
security benefits SSI SSDI you want to
continue to be able to receive it can
you imagine if your uh social security
check didn't come in next month well
that would be a problem and it would be
just as much of a problem for anyone
who's living off of a pension if that
pension check if that pension direct
deposit income doesn't hit your bank
account
on time as expected there's a big
problem
and well these hedge funds these real
estate investment firms that are
managing these Pension funds that are
looking for the return
they need the profits they need to make
enough profit to be able to pay these
retired people off every single month so
it's like on the one hand it's like
you want to make sure you get your
Social Security check
your
you know your monthly income
but on the other side it's like okay
well where is this income coming from
well in this case is coming from the
families that saw their rent increase by
50 percent
so I mean you know and this is real
stuff folks this is real stuff according
to the materials for a boot camp for
aspiring mobile home park investors
prepared by a mobile home University
which is run by two of the largest
mobile home park owners in the country
the fact that tenants can't afford the
five thousand dollars it costs to move a
mobile home keeps Revenue stable and it
makes it easy to raise rents without
losing occupancy I I hope you guys
understood what I just said
and if you didn't I'm gonna go ahead and
read this back to you this is this is
this is exactly what I'm talking about
folks according to materials for a boot
camp for aspiring mobile home park
investors prepared for by mobile home
University which is run by one of the
one of the two one by by two of the
largest mobile home park owners in the
country now just let me just let me just
break this down for you so I understand
what's happening
this is a boot camp these are materials
for boot camp meaning this is for
aspiring mobile home park investors
meaning people like me and you who might
want to invest in mobile home parks
similar to how the original owners did
before this big real estate entrepreneur
investor company came in and bought it
out from them
this park was originally owned by a a
couple probably a married couple so they
invested in land back in the day then
this then you know uh people who own
mobile homes want needed a place to put
their mobile home so they rented the
land from this couple and so this this
couple generated passive income for
likely decades probably right passive
income every single month it's a great
source of income and they treated the
residents well they didn't raise the
rents too aggressively on them and
everyone was happy the people who owned
the land they got a consistent passive
income a check from all of the people
who have mobile homes on their land and
the people who lived there who were
paying the rent to stay on that land
they were comfortable because it was
something that they could afford
well
um this is a great form of investing in
real estate and this is what they did
but
this boot camp is teaching others how to
do the same is teaching other people
this is Aspire this is literally it's
saying for aspiring mobile home park
investors
they're giving this information out
right and so they said
and this is this is how they're taking
advantage of low-income Americans or
Americans with little to no assets they
literally said here that the fact that
the tenant cannot afford the five
thousand dollars that it costs to move a
mobile home
keeps the revenue stable it makes it
very easy to raise rents without losing
any occupancy I hope you guys understand
what's happening they're saying that the
fact that the tenants cannot afford the
five thousand dollars to just move their
their mobile home somewhere else
it makes it very easy for them to to
continuously raise rents because what
are they going to do
the families have to pay more money or
just be evicted forced off the land
because they know that the people who
live there don't have the money to move
the home they don't have the five
thousand dollars that it cost to move a
mobile home and so this is what this is
what we this is what we have to be aware
of which is which is coming down the
pipeline more and more hedge funds and
you know I know I know I know how a lot
of people feel about company you know
investment brokerages uh investment
companies like BlackRock and many other
hedge funds and
uh you know different companies that are
purchasing real estate that is affecting
the cost that renters pay but this is
what we're talking about here folks you
know and there's nothing against
BlackRock they're just another business
that's trying to generate profits
but
Americans with no assets
are are being decimated in this new
economy
and this is just another example we're
going to see more of this these are not
isolated incidences so if you're not
like if if you're seeing this where you
live let me know if you know someone
else going through this let me know
share this video get this get the word
out drop a like for the video I really
appreciate that but the key here is
you got a couple options you can stay
getting screwed
let watching all your expenses go up
left and right grocery expenses gas
prices going up inflation you can wait
on the fed you can wait on the FED to
come to the rescue if you believe that
fed share Jerome Powell and the Federal
Reserve is going to fix your life you
can wait on stimulus checks if you want
as your call
or
to take you can take action
stand up for yourself stand up for your
family
and
create ways to increase your income so
that you have choices it's not about
being rich it's not about being a
billionaire I wouldn't even want to be a
billionaire
but the simple fact of the matter is
the the more money you have
the more options you have
if these people had
fifteen twenty thousand dollars sitting
in their emergency fund in their bank
account and their high yield savings
account
they could have afforded to move their
mobile home park to somewhere else
and possibly even purchase their own
land so that they don't ever have to
worry about this problem right but the
minute you have real estate the minute
you have the when you don't own the land
that your property sits on you're you're
you're at risk
and it may never be a problem for you
but then you may have circumstances
where this does become an immediate
problem
so drop me some comments Down Below guys
let me know what you guys are thinking
if you want to join the patreon family
we're uh we're a community we're a
family of like-minded individuals
building businesses uh starting you know
beginners investing in the stock market
for the very first time beginners
investing in real estate for the very
first time creating businesses with the
intent to make money so that you can
increase your income and not be limited
to
um to whatever the government decides to
see you in the form of a social security
check or stimulus check so uh like I
said folks
I'm going to continue to bring you more
and more information as new information
develops and we're going to keep an eye
on uh more issues that are coming up
that could be affecting uh more of us
you know and then
2023 right around the corner it's going
to be some big changes folks hope you
guys are ready for it uh I wish you guys
the best subscribe if you haven't
already drop a like and I'll see you in
the next video