Welcome back to real estate mindset Today's video is going to be absolutely Bonkers now the data is in and today We're going to talk about how Walmart is Warning of an incoming recession or Rather the possibility these lower Income Powerhouse stores are in distress And that is so telling because what does That mean guys what does it mean if Walmart is closing stores it means that They can't afford to stay open what does That mean it means that consumer Purchasing power is unraveling and Recession is either already here or it's Knocking out the door but either way you Guys I hope you enjoy the video and Please don't forget you guys I'm not a Financial adviser even though my bio is As someone that's about to move just as Soon as I stop recording this I'm about To pack this entire house and I'm going To move into another house because I Couldn't find something to buy that made Sense and I'm forced to move because I'm Living in a mold house and for all of That you guys again please like the Video share it if you don't mind because It helps out the channel and get give me Some comments either way enjoy all right Guys this is an article from Masslive.com this came out June 21st Walmart is closing more locations next Month here's where now this is going to Be linked in my description I'm not
Going to really go into where the main Thing here is is the warnings of Recession so let's see what's going on With Walmart after closing 11 stores Earlier this year we're only talking About 2024 and all 51 healthare centers Which is shocking to me but whatever and Virtual care offerings Walmart continues That wasn't enough guys just those Things alone was not they continue to Downsize with more Cuts as it announces Three additional store closures and see The thing here guys is we are not Bullish if the economy was so strong if The labor market was so solid then Walmart wouldn't be closing down stores Would you guys agree with me if the Economy and labor market was strong Wouldn't they be opening stores Seriously guys tell me what you think do They open stores or close stores when The economy is great someone's lying to Us someone is lying to us who do you Think it is guys who's lying to us What's really going on are things great Or are things hard right now this goes On in May Business Insider reported a Total of 11 Walmart closures in 2024 Already with the announcement of three More closures is at a total of 14 Closures nationally now in those cases The company said that the stores were Not meeting financial performance Expectations meaning wherever they're
Located those citizens are broke and Can't even shop at Walmart with the last Round of layoffs being 1,49 employees That were impacted by closures in Communities including Milwaukee Wisconsin Townsen Maryland and Columbus Ohio you know what's really interesting Guys is Milwaukee Maryland Columbus all Of those have super strong housing Markets right I mean in the mainstream Headlines seriously go to Columbus Ohio Maryland Milwaukee go to those places According to the headlines those are Markets that are flourishing they're Doing so well but the reality is they're Not doing well it just seems like They're doing well because there's Enough rich people to purchase the Overvalued houses because in many of Those areas there's just not enough new Construction or existing homes com to The market so it appears that those hous And even San Diego and Anaheim it Appears that the housing markets are Doing well but they're basing that off Of historically low inventory and it Just doesn't make sense and not only is It historically low inventory we're Coming out of historical stimulus we got So much money kicked into our bank Accounts and if you're rich you got even Richer and guess what you can afford to Waste your money and that's what we Saying in many markets okay real estate
Is hyper local subdivision analysis cash Flow wedge love the house no Consumer Debt you guys already know what my Checklists are when it comes to buying Houses but if find a deal like that it's Very very hard know that and don't Settle on a bad deal you guys don't Settle on a bad deal please please Please don't settle on a bad deal just Be patient okay just be patient I got to Be patient I don't want to be p anymore I want to go buy a house I don't want to Be I just want to buy a house I want my Tax taes I want my interest I want to Build and create but unfortunately man I Mean life is hard right now the Inflation is hitting me guys ah I got a Rent I'm signing another year lease to Rent okay so now listen to what Walmart Has to say and by the way you guys Remember corporations don't care about You as an employee because why would They they're running a business right They have to stay in business and their Obligation is to stockholders not their Employees which to me is depressing I Understand that's how the system works But I do not like the system I think the System is broken but this is what they Have to say we are Greatful to the Consumers who have given us the Privilege of serving them at our San Diego and elcone stores wow uhoh that Means if they're grateful that means
They're closing the stores down or are They opening them I mean we look forward To continuing to serve them at any of Our many locations across the area uhoh Doesn't seem like it's going well there And again those are really strong areas As well San Diego I just mentioned it so In the best of housing markets it seems Like things are the worst is it fair to Say that the housing market is Destroying the economy and destroying Americans and destroying our society is It fair to say that is the housing Market right now destroying our morals Our integrity and our ethics and our Society is it let me know what you think Because I think it is it's not fair we Just want to roof over head I want my Family to be happy and safe and I want To be left alone are y'all with me on That but look at what these guys are Saying despite the closures Walmart Announced in January press release plans To build or convert more than 150 stores So you know it's just the same thing It's just headlines and this is my point You guys you can't believe the headlines You can't believe the optimism I mean They're saying welcome today we Celebrated the grand opening of store 8861 in Sunny Santa Rosa Beach Florida I Mean they're opening stores as well not As many and they're closing a whole Bunch I mean in other words you guys
It's not fair to the employees but again That's not what this video is about this Video is about you got to look past the Mainstream media headlines you got to See what's really going on you got to Kind of compare it to history you got to See what's going on in your own face and Then you got to decide how should you Spend your money going forward are you Going to spend your money like there's No issues you're going to spend your Money like we're still getting stimulus From the government or are you going to Spend your money like we're about or Already in recession and that remember Remembering the whole time that Cash's King and that there are more Millionaires made during recession than Any other time so you can go bust your Wad if you will and go buy an overpriced House never been a worst time in history Or you could be patient and you can wait And get a better price and get a better Deal now remember having said that it's Still whether the Market's crashing Right now or blowing up right now you Still got to go hyperlocal you got to go Subdivision review if a property doesn't Have a subdivision then you go about I Don't know 2 three miles from the Subject property and you want to try to Find homes about a 500 foot variance Again I'm going into value I try to Teach how value is created so that you
Guys are empowered and if you want to Know more about that I have a free home Buying course I made for you guys take It I'm not saying buy right now I'm just Explaining in the meantime how do you Buy if you're just an everyday normal Citizen consumer how do you buy and what Do you have to be careful about I'm Going to tell y'all y'all don't know What you don't know I mean it is what it Is I'm not knocking you I've been doing This over 20 years and I still know Things there are so many bad things that Can happen in real estate it's crazy Because remember all of theal most of The professionals involved in real Estate transactions are on commission And so they have a financial bias it's Already set up to work against you the Consumer and this is why right here this Is why like I get it like you know People aren't exactly crazy like I think They're a little bit lazy but look at The headline this is from the White House this is from the white house so I Get it I don't want to be picking on People but look at both sides of the Ledger wage growth beating price growth What wow right so things are doing good Now right no they're not now for 15 Months in a row the White House is Saying celebrate I'm going to show you Guys something on a comary but let's Read this we learned this morning that
CPI price index was flat last month flat Like it didn't go up anymore because It's already high is that what they mean By flat like killing us it's just going To stay killing us we needed to go down You know not not stay flat regardless it Was Up 3 .3% over the past year both Measures came in below expectations but Not my expectation their expectation Comes from where the land of imagination Is that where their expectations come From core CPI inflation which leaves out Gas and food prices was up 0.2% and 3.4% On a monthly and yearly basis Respectively also below expectations Lowest core CPI inflation rate in over Three years right so all good stuff Right guys no that's BS it's lying it's Trying to continue to get us to spend it Wants you to feel like the economy is Better than it actually is now this goes On in the past we stressed the following Point you cannot understand and this is This is huge you cannot understand the Impact of inflation on the Working Families by looking solely at Inflation correct that is correct you Have to look at the actual families and You have to talk to them and if you talk To me you talk to my family and I've Done so many things to prepare to get Through this guys I'm suffering I'm this Close to being to living paycheck to Paycheck and I constantly re-budget I'm
Maximizing all of the benefits of the Higher inflation cash back money in Treasuries but it's still hard I mean Look it guys I have a mold outbreak in This house I have more moving expenses The company the mortgage company that I Left and I had left with the bridge Still there so I could come back went Out of business the amount of hits that I've taken in the last year and a half These are some of the biggest hits that I've taken since the GFC it's pretty Crazy I mean but I'm still here guys I'm Still hanging on and I'm not going to Quit but don't be fooled by the White House saying this they don't know how Families feel they don't know how the American C feels because they're Creating the pain you cannot understand Impact of inflation on Working Families By solely looking at inflation you also Have to look at the growth in hourly Earnings and other income measures and We're going to do that after this we're Going to look at adjusted for inflation Here in a minute as they tell us how Buying power is evolving over time after All every price in the economy goes up Over time so if we look solely at prices And ignore the extent to which wages or Incomes we're keeping up we get a very Skewed notion of how families are doing And here's the thing what that statement Is trying to do right there is it's
Trying to act like inflation doesn't Exist they're talking about how we got To look at multiple income factors but They not once mentioned what is it Adjusted for inflation they're just Saying this they're saying we understand It really hurts inflation but we're Going to look at nominal increases what That demonstrates right there is is They're just talking that's it they're Just putting words in there to make it Seem like they can relate and show us Sympathy compassion and empathy when Again they're causing this and one of The ways that they're causing this is Ignoring it but as American citizens we Don't have to ignore it we have charts Like this look look at this chart here's An income chart White House real median Income in the United States you guys see Where it says real right there you know That you know what that stands for that Stands for adjusted for inflation so What is really income when we like take Into account all of these price Increases look at this income because Remember guys we want to look at what's Really going on with the family just Like that article said so if we really Want to know what's going on with the Family income real income has been going Down since 2019 for three years straight One two three years straight look at That we don't have 2023 yet but we will
Again what I'm trying to explain to People is the consumer right now is on Life support and when we have more and More people stop paying their bills and More and more people that lose their Purchasing power we will go into Recession we will have unemployment and Prices will go down and if you were Patient on the sideline and you couldn't Find a deal in the meantime because I'm Trying to find a deal in the meantime I Just can't then you're going to become a Winner or at least at least the Probability is much greater than if you Would have just bought but that's income Okay so our income is but it's not just Income all of that stimulus and if you I Have a lot of children so if you had a Lot of children you got a lot of Stimulus that stimulus and I saved that That stimulus guys is called excess Savings that excess savings is gone let Me show you so we have this massive Massive bubble right we have Walmart we Have Target we have all of these Amazon Layoffs metal we have all of these Layoffs going on everywhere and income's Not keeping up with the everything Bubble and now we can't even support Ourselves anymore look at this it Ballooned up here's all the stimulus it Got up to over $2 trillion this is Excess consumer savings now it started Going down rapidly when quantitative
Tightening right higher interest rates It cost more but look at this guys as of March 2024 Americans have spent on Average right we're just generalizing Here and I don't like doing that but It's gone it's less now and we got the Government printed US money a lot of Money it's gone it's been gone now since March 2024 so again just to recap what we went Over these low-end Mega stores they're Closing they're suffering American Citizens their wages it never kept up The prices of everything maybe it felt Like that but that's because the Government was sending us money some People that went on unemployment were Making more money on unemployment than They did at their actual Job okay so we got no income growth we Have no more savings we don't have the Ability to save either and on top of That this this may be the most telling Trend of all more Americans are falling Behind on their credit card bills listen To this it's hard for me to even say This about 8.9% of credit card balances fell into Delinquency over the last year and That's according to the Federal Reserve Bank of New York that is a sign of Growing number of borrowers are feeling The strain of rising prices and high Interest rates everything is more
Expensive debt is more expensive rent is More expensive food gas everything even With relatively healthy wage gains not We've seen over the last several years Many consumers just aren't keeping up With the pressures it's like duh right Like every bull that I've interviewed None of them can acknowledge the fact That we need income growth to match Unaffordability right if things are Going to get more unaffordable that's Fine but we all all of us need to make More money to be able to absorb that Level of unaffordability but again no One's ackn in that so we have an 8.9% Delinquency rate on top of all of that That's just the purchasing power of the Consumer which remember 70% of the economy of GDP is from Consumer spending and also remember About 70% of consumers are paycheck to Paycheck how long does that sustain Before the entire system falls apart It's actually the thing is is it's Actually already fall apart that's why There's so much government deficit Spending but again we're just talking About a few things here let me show you A couple more recession Indicators the 10year and the 2year Inversion this is the most trusted Single set of data in the history of Recession indicators this is extremely Accurate and you guys we have been
Inverted since April of 2022 we've been In the longest inversion prior to Recession in the history of inversion so Again now this takes into account a Whole bunch of things again and it just Plants one set of data so that you guys Can see that despite what's in the Headlines there's a whole bunch of People you see it here there's a whole Bunch of people that are actually Betting against the fed and there's a Whole bunch of people that are saying Actually despite what you see in the Mainstream media and despite what I say Right like I'm gonna say just buy just Buy despite them saying just buy they Take their money and they have they Flown to safety and that is what you Guys see there that is a massive Indicator but it's not just that we have Another indicator now and this is an Even more accurate indicator you guys It's the unemployment rate and you guys May think oh 4% is nothing I'm not Talking about the 4% they're going to Revise that anyways I'm talking about The trajectory anytime unemployment has Gone up at this trajectory we have gone Into recession if you don't believe me Go to this forum this is the Unemployment rate the Shaded vertical Lines here is when we went into Recession look at every recession and Tell me that unemployment didn't go up
Right before Recession tell the last time in history That unemployment went up like this and We didn't go into recession tell me look At this for yourself formulate your own Opinion but I'm going to tell you guys Now again look at the trajectory you can Clearly see right now unemployment is Going up anytime that happens what's Next what's right around the corner Recession I mean but seriously guys I Mean at this point we have multiple Indicators and if you guys get wrapped Up in the recession because you had your Head in the sand then you got no one to Blame except for yourself and all of the Media and probably the fed and federal So you got some people to blame but I Mean you got to blame yourself because Look at what I'm showing you there's not Just one set of data this is the change In non-farm pay role so this is Government jobs versus toal jobs and What I want to point out is towards the End of 2023 43 to 25% of the new jobs Were government that is very unhealthy That is what recessions you guys Starting the beginning of 2022 it was Only 5 to 1% of total jobs for Government that has ballooned what we're Seeing in the headlines is not what's Really going on and so you may ask well Then Travis Travis then why haven't we Crashed yet you've been talking about
This for two years right two years and Two months two years and I think four Months actually but they're like why Right and I had to ask myself why why Why why why why it's easy guys the Answer is very very easy actually it's Because of the inflation or rather the Money printing that they never stopped And we do have an update to the national Deficit spending okay the deficit is Much bigger I'm just talking about the Spending right now for the fiscal year The year's not over guys again I repeat The year's not over we're at 1.2 Trillion during the GFC the Great Financial crisis okay most horrible Recession of my lifetime we were in Deficit of 1.4 trillion which means We're at a pace to exceed the great Financial crisis right now in our Economy which means they're 100% Propping it up without that 1.2 trillion It would we' be going into depression You guys again 1.2 trillion in deficit In the year is not even over so I don't Care if these economists have these College degrees at Harvard and they Sound like this you know this parrot Like you being encyclopedia I don't care They they could say all the all these Blah blah blah people can't afford this Okay we don't have the money for this The money is gone the wages aren't there The delinquency is surging the
Government's involving is creating a Smoke screen causing people to continue To Kick the Can down the road until People spend into the end until the Wheels fall off of this thing I mean you Guys see it any other way than that I Mean tell me how you see it that's how I See it I'm interested to know how you See it and other than that guys I really Really hope that you guys got some new Insights value and perspective and if You're out there investing in real Estate you guys already know I wish you Luck and I hope you win
