Breaking news as industry expert Grant Cordone comes forward to acknowledge That the housing market cannot be fixed And while I agree with him that the Housing market cannot be fixed I don't Know necessarily whether or I agree on Why it cannot be fixed and so today I Have our community expert once again Mitch vexler here to go into that video And to break it down and then you guys We have something incredibly special Planned for you today as we go under the Hood to discuss us what the real problem Actually is and the way we're going to Do that is by listening to a couple Viewers a couple of property owners so We've done an interview and those Property owners are going to tell you as The viewers what the problem really is And what to be careful of a warning to You and in addition to that you guys This is absolutely incredible we have Bombshell audio and it is absolutely Shocking audio that you guys are going To listen to and I'm going to ask you do You isn't this fraud I mean appears to Be a fraud coverup bombshell stuff again I have Mitch vexler here and before I Begin Mitch how's everything going any New calls from attorneys any new cases Opened how's everything going on the Fight uh North Carolina Detroit and I'm Not sure why Detroit in particular but Yes Detroit uh and two more out of Ohio
So yeah there's attorneys reaching out Um it really is stunning as to how far Spread this problem is I knew it was but Obviously we don't have the ability to Study every state but nonetheless Anything that touches usap um including Canada Ontario um is in truth being ignored Usaps being ignored and therefore the Fraud is just simply rampant and as it Turns out multiple Countries yeah absolutely and and Mitch You know thank you for your time today And thank you for kind of digging into This first story before we go under the Hood I know you guys Mitch loves going Under the hood he loves going right to The math we're going to get there but First I want you to listen to you know What Grant Sayang and let me know Mitch Whether or not you agree with it and Let's start with this segment invested In data centers give us your take on the Real estate Outlook Today well what we still have a sellers Buyers Gap Maria and until interest Rates breach 4% go back to below 4% You're not going to see the volume Necessary to unlock the supply demand Formula which means basically when rates Come down sellers will finally reduce Their prices that's not happening yet Even despite interest rates uh spiking Above 7% we still have not seen the
Price on homes come down and and become Affordable enough for people to actually Buy a home or qualify for a home and Instead have been renting that's why I'm So Pro uh rental apartment communities For investment properties for a middle Middle class American Mitch you know I'm Not sure that he even answered the Question at all but he did say something That kind of hit me a little bit I'm not Sure you know what his angle here is but He's essentially saying once we Pierce 4% and we're below 4% it sounds like what he's saying that There is going to be an increase of People that are going to get off the Sidelines to sell their house probably Maybe not going to be affordable yet you Know what is your take on what he just Said do you think in order to get back To you know sustainable levels of Affordability that we need rates under Four % is that what's going to do it Mitch I understand Grant Cardone I've Actually read two of his Prospectuses he is speaking his book It's not that there's anything to Disagree with with what he said the Problem is it didn't go far enough and You can make an argument that says well Interest rates stay the same markets Will level off the problem with what he Said was that there's no Connection between the idea of lowering
Interest rates and the fraud that has Been perpetrated on anybody that's Associated with usap comes in in contact With it so what you have again is this Cumulative compounding effect of a fraud That has pushed values up in by virtue Of inflation and inflation is a tax so The idea that okay we're going to lower Interest rates yeah okay fine you want To have that debate let's go but the Fact of the matter matter is that is not Doing a thing to fix the fraud and it is The fraud that is Accumulated over and above everything Else the inflation it's a compounding Inflation so what the cads are doing is Taxing they figur it out we'll just keep Taxing the hell out of this which is in Fact a tax on inflation they ignore usap Therefore that's another fraud so it's a Fraud on top of a fraud and then if you Talk about the state of Texas Specifically you have the property Valuation study which is created by the State comproller which is another fraud So you've got three sets of fraud Pushing these values up and the interest Rates again go and look at an Amortization schedule that'll tell you What the damage is add the amortization Schedule to the rule of seven you're Being ripped off to the tune of two Times up every four and a half to seven Years depending what the damage is
That's being inflected by the Fed so There's now four sets of Fraud I mean that's just four sets of Fraud that you just so happen to mention Right now Mitch obviously there's layers And layers upon fraud now you know Here's what you mentioned that I hope The viewers got I mean you said he's Kind of speaking to his book and that Makes sense because on one hand you know He's saying that housing cannot be fixed Essentially implying I believe that it Is broken but on the other hand he's Still saying he's investing in the Market so I want you to hear this next Clip Mitch and tell me whether or not His investment advice is foolish or Maybe you think it's good let's listen Ability with whether they pay their rent Or not the things that people should be Doing right now I believe apartment Communities around America the single Best investment going forward for the Next 10 20 and 30 years and this is why In Blue uh blue States you want to avoid Those States because of the heavy Regulations the in unpredictability of Taxes being increased okay like Overnight yep uh and and the renters Having more basically more power than The property owner Mitchell it looks Like he's getting a little political Maybe a little bias you know first of All you know I'm sure as you could
Probably tell the viewers being a Landlord is not necessarily a good job At all um but do you agree with what He's saying as far has um you know good Investments still being there or do you Kind of think that's more of a narrative Push what was your take on that uh again I he's clearly talking his book because He buys assets and then he syndicates Those assets out and that's perfectly Fine you know no harm no foul the Problem is you have toak break Everything down into buckets so are you Going to buy a 30-year-old apartment Building what cap rate are you going to Buy that building on are you going to Buy a brand new the most expensive Luxury building and what cap rate are You going to buy that on the idea that Things are good going to be good for the Next 10 or 20 years who the hell knows The what we're dealing with right now is The fraud and his statements completely Ignore everything that's going on with Mom and Pop now 37% of the households Are going to go bankrupt and or lose Their home well where are they going to Go the vast majority will be forced into Multif family there's no doubt about it We saw this in 2008 and 2009 um I was a Beneficiary my properties were a Beneficiary of that exact circumstance When you saw in the market the house Builders pumping values of houses and
Saying well we're going to give you 4% Money but the value of the houses Started to clip up so that combination Meant people could not afford the houses They had no choice but to go to multif Family um the barrons was one of those Recipients we actually ended up at 103% Occupancy go figure that one out we had A waiting list so partly what he's Saying I agree with partly what he's Saying he's stuck in a box because Fox Won't give him enough time to explain it In depth and he knows he's fully aware But we have the benefit here in these Videos of being able to break this down And explain it so that everybody Understands What's happen Happ around Them and so yeah I hear what he's saying Nobody knows what the benefit is in Terms of construction costs myself my Company as a builder developer would I Am I looking to jump out there no you Know right now I'm not under Construction the reason why in reality Are these cads I cannot expose my Company to something that I know is Abject Extortion I'm not going to get involved With it I'm not going to go and drop $5 Million in Parts on the ground in the First 60 days only for a cat to show up And say well you've got $5 million in 2x4s out there pay the tax on it I'm Sorry that would be the equivalent of a
Sales tax you understand the Problem every time plate is straight up Extortion and that's what they're doing To Mom and Pop well Mitch you know I don't know That he would agree let's listen to what Grant thinks that the problem is in the Needs and demand for more Electricity these are basically empty Empty boxes that support uh chillers and Uh electricity but housing housing Cannot be fixed in this country no Matter what anyone does there's no such Thing as affordable housing every major City San Francisco New York um Chicago All these cities that talk about Affordable housing the the housing has Become less affordable in fact the top 15 markets in the country are all blue States where housing the housing Gap the Mortgage the gap between the mortgage And the rent is double today and it will Continue to uh to to get wider and wider Until interest rates get lower hopefully Donald Trump gets in there in a year From now I predict that we'll see a 2% Interest rate and we'll see housing uh Rocking again in this country sounds Like Mitch he's saying that in order for Housing to come back to balance we need Low rates and for Trump to get elected Now we're about to go under the hood Here but as we transition now to looking Under the hood can you you know and and
You have been but is that is that the Real problem Mitch do do you think that All of the situation that's going on Here would be fixed depending on the President no no uh Donald Trump will be Able to blunt the problems that are Coming he cannot stop the problems that Are coming and clearly I'm not trying to Be political either side um I think the World knows where I stand I'm the Ultimate definition of an economic Conservative and the reality is That as we explained Yesterday the definition of bankruptcy Is when your liabilities exceed your Assets there's $142 Trillion and there are no assets to back It Up this will come Unwound and must come Unwound in order to fix the problem you Can unwind it and get in front of it and Try and blunt that damage absolutely That can be done but until the poers at B Start reading and we're giving them the Documents you on the mockberg site it's All there the documents are there to be Read and just recently so as you know The Teran Appraisal District came out And the new board members are trying to Be extremely helpful to the taxpayers But they don't understand the Ramifications of how this plays out in Real time on the other hand so what
They're saying is okay fine we're going To try and limit the increase of taxes Be an annual or bi biannual or every Three years it doesn't matter and then So on one hand they're saying well we're Going to do this over here that would be The tan Appraisal District and then just This morning Fort Worth came out and Said oh no we need you to keep this Fraud ruling forward because we need the Money to cover up the bankruptcy like Left hand give us right hand take us Away or go they're not paying attention To anything nor do they give a damn you Have a cast of cartoon characters here Literally jacking with every single real Estate person's tax life and that must Come to an end and that is what Grant Cardone didn't get into and I wish he Did um because it's important let's get Into it now Mitch and let's start going Under under the hood and I wanted to Take a pause real quick because I've Been reading the comments on these Videos and one of the things I want to Clarify for you guys is CAD okay CAD is The central it stands for the Central Appraisal District and when you hear Like dcad or hcad you usually that's the County CAD like hcad is Harris County Appraisal district but the cad is the Central Appraisal District and is Essentially in charged of valuing our Properties to pay for the state and
County Services you know uh firefighters Schools things like that and also you Guys as far as usap okay I've been Getting a lot of questions what's usap Usap well let me show you guys real Quick by throwing up this appraisal now For the people that have been following Me I've been talking about these Appraisals for the last year year and a Half now what you're looking at right There is you're looking at a clean Appraisal and usap is the uniform Standards of professional appraisal Practices okay and that is how that Appraisal that you guys see on the Screen was generated and that's how Value is calculated and basically what We're saying is is those couns ain't Doing anywhere close to what I just Showed you as far as the regulation um Now did I cover that okay before weum Into the first interview Mitch yes if Everybody picked up on what that form Looks like and you walked in with a very Similar form to a cad using real Comparisons under 2301b and 2301e of the Texas property tax code um you would Have them now that doesn't mean that the Cat is going to honor the law which Clearly they don't however that would Set yourself and your attorneys up for a Lawsuit should you decide to file that Lawsuit because then you have the actual Evidence if you follow 2301b
2301e and under the Texas Constitution Under uniform and equal plus that chart You do four things you've set yourself Up to win let's listen to our first Video uh and let me play this Mitch and Then I'll come back get your reactions And then I really want to play that Audio let's ask an ex firefighter an ex Captain Jerry what the real problem is And I have Jerry here here that is Spearheading the overvaluation fraud for A neighborhood he's essentially helping 15 20 people uh trying to reduce the Value on 40 different properties and so Jerry's going to discuss what he had to Go through to fight the Central Appraisal District to stop them from Essentially committing value fraud and Uh you Know making things so unaffordable for You and your family that I mean gez man Can you just you know tell the viewers Jerry you know what happened exactly and The fact that you're spearheading you Know this massive overvaluation Situation going on in your neighborhood I do know how it feels going through the Process every single year with uh uh With percentage increases that can range From 40 to 100 and occasionally a 300% You know will pop up that uh it's Unrealistic and it creates the demand For a lot of Manpower uh on both sides of this
Spectrum uh the taxpayer and decad and ARB to to uh to combat all of this for The people that don't I for the people That want to uh you know that want to Fight against it and so um uh and then It creates a situation to where people Don't protest then they become a comp That's really high that is aggressively Used in order to run everybody's value Up and then people can't afford it and So uh and Jerry um can I ask you man you Said something I didn't realize uh until Right now you said you've seen a 300% Increase uh from 40 to 300% increase can I ask you Jerry is the assessor showing You the math on how they're calculating That Um not really uh when we go when we once We get to the point of protesting and And and and talking with a negotiator at Decad and let's say they have a 300% Increase arson and and and by the way um I was trying to reduce the number of Protests and negotiated that one down to Doubling okay so if uh so so they've got Me trained well enough to be happy with Doubling I'll put it that way in that Particular situ situation um uh but how It's presented is they're basically Going outside whatever it takes to Pursue more expensive comparisons up to And including putting all the value on Sales cops on the land so that they can Say the land is worth more value now
They can go get anybody no matter Whether they got a house or not or Whether the house is about is very old They can uh if they play with those Numbers on a sales comp then they can Drive the land prices up And basically it gets to be something That somebody can't afford based on what They expected to pay a few years ago in Other words Jerry it doesn't sound like There's any honest math at all and That's really what we're trying to Uncover here and another thing that I Want the viewers to understand is is how That you know it takes people like you In a neighborhood to stand up to Enlighten other people as Mitch as all The time people understand there's Something wrong but they don't Understand how to articulate it so I Mean honestly Jerry the community needs You and so can I ask you sir as someone That has served the community you know As a firefighter Captain EMS all of These types of things you know you've Changed people's life for the better What change do you want to see come to You know these these you know the way That we're Taxed well um that's pretty easy to see When when you have to go in and labor Intensely on both sides uh fight Outrageous increases where the prior Year is totally disregarded I mean it's
Not to be mentioned not to be talked About uh you go before ARB they'll tell You you can't even talk about your Negotiations with dcad because that's Secret I guess I don't get it they could Cut down on the need for a whole lot of Labor and a whole lot of upset taxpayers If they treated everything the market Value uh you can't have respect for the Year before and then jump 60 to 300% and Think that there's any regard for the Year before uh or think that there's any Realistic changes that ever happened to That so the Caps that they have like a Homestead exemption at 10% if that was Placed on a market value then the only People that would come in is who cares To fight 10% okay and there's a lot of Years you could justify 10% based on Sales and I wouldn't I wouldn't even Fuss with it I mean I mean I've already Negotiated to have things go from 300% To doubling just to get out of going to ARB and be happy with it so they're Creating the need for a Manpower that They don't have and then you don't get The help when you go in So in a nutshell you want to say you Want to say fix it make market value the Same as a homestead exemption where Where there is a cap on what they can do From the year before or I mean even you Know even simple honest math that Doesn't take you months to try to figure
Out what they're doing and then you know Then I just go back to homeowners that We got other things that we're worried About man like putting food on the table And our children in school and you know A whole bunch of other things we Shouldn't have to fight like this every Single year and so I want to ask you This last question okay do you think Over taxation is the biggest problem in Real estate um I think it is absolutely The biggest problem at least in Texas Real estate at least in our boom toown Area where things have been booming so You got to expect some increases um but When they uh when they when it's obvious That the system is cherry-picking values In order to go up on everybody even Though there are some sales comps that Could say oh well this one sold for uh That house down the street sold for a Million dollars somebody came in from California well that don't mean Everybody's worth a million dollars you Know sorry um and so uh they're they're Fabricating their own inflation and Their cherry-picking comps in in order To do this and it's a lot of work to go In to try to prove that every single Year and sometimes you're successful Sometimes you're not but plain and Simple your homestead your homestead cap Is therefore a reason to protect Homeowners for more than 10% now you're
Cursing them to a ltime if you let the Market value go up so much and I refuse To do that I refuse to I refuse to say That just because I got a 10 10% Homestead or a 20% uh circuit breaker Cap that I'm okay with a 300% increase Uh and curse curse myself or my neighbor To eventually something they can't Before it I I saw that how that worked In your uh mortgage interest rates that Kept climbing on those old loans I saw What that did to people they couldn't Live there no more so tax they're doing The same thing with taxes Now I don't appreciate it no a lot of us Don't I mean it's becoming more and more Unaffordable the Nations starting to Realize that they starting to wake up And the other issue is is you know these Municipalities and schools are depending On the accurate assessment to run the Their businesses so the fact that it's Being ran on overvaluation is is really Unbelievable but either way Jerry I'm GNA get out of here I really appreciate Your time and bless you thank you for Continuing even when you're retired Thank you for continuing making a Positive impact on the community brother Thank you pretty powerful member of his Community what are your thoughts on him Stepping up for his community like that Jerry is a very softspoken individual And he has a heart that's extremely
Large he knows what's right he did the Best as anybody could do Under the Circumstance without understanding all The idiosyncrasies of every law that Touches these cats and the reality of it Is um the cats don't give a damn that's That's what happened to him and we're Going to hear from a couple other people Where you have exact same situation they Don't give a damn they do not understand What the laws are they don't know as the ARB panel members what they're supposed To do under the law they don't Understand what the cads are supposed to Do under the law in terms of adhering to Usat adhering to the Texas property tax Code adhering to the Texas Constitution And therefore the waterfall effect is Such that these members who signed an Oath these members of the ARB panels who Signed an Oath should be sued personally liable For violating that oath and they can be Prosecuted it is a third deegree felony And every time we get more information On Tape let's just say that uh you have the Right to remain silent and anything you Say can and will be used against you in A court of law because that's coming to You flip side of the coin I've got some Other things that I'd like to say with Regard to the C but we'll get there Short yeah you know speaking of being on
Tape Mitch let's go ahead and play that Tape now from uh Man I mean is a shocking tape it's from The chief Appraiser and I mean I don't know how Else to look at it but fraud but I don't Want to say anything yet we'll let the Viewers listen to this but I wanted to Remind the viewers what ARB is again I I'm looking at the comments an ARB is an Appraisal review board the ARB is Designed to be in place to make sure You're not being overvalued so big Failure on the ARB side in addition to All the other failures so that's what The ARB is let's listen to this right Now Mitch let me throw it up on the Screen real quick um you guys this is Absolutely shocking here comes the point In time when you have a deadline that You're trying to meet and um you know we Got to get the work done you know we Have current outstanding tickets that we Had put in PRI of this that responded to And so it's you know as a business Decision you know have somebody that's Capable of you know running the process Outside of the first of all Mitch just To confir confirm what he just said that I mean this is the chief appraiser now Acknowledging he pulled data out of the System and he's basically saying um you Just got to do what you got to do Business is business it was a business
Decision uh to do that am am I following This correctly so far is That am I missing something here so Far Central Appraisal District is the Gift that keeps on giving all right well Let's it's quite interesting that Thursday's meeting last week was a 26 Minute meeting that as far as we could Tell in the history of their existence That's never happened it's clear that Their attorneys are watching these Videos and it's also just as clear that Their attorneys told everybody shut the F up because there was nothing said in That meeting last week and that's as far As we've been involved in this since 2016 that's never happened well when you Hear the chief appraiser stating we took 60,000 properties outside of the Database manipulated Them let's let's let you know what let's Let the viewers listen to that now and Again you guys this is the chief Appraiser stating this on record it's And remember you guys this is just a Business decision this has nothing to do With law it has everything to do with His business there's a delay to that Process because you know Tru tell I mean If the system was working the way it Should we should be able to just run Process and it would be seamless and you Know that would be ready be able to the But that's not the case paying this gr
This vendor it's it's our it's our Appraisal software it's all one big Bloss agreement so so can that Be evaluated and at some point upgraded To something that would work because That is a bigger problem than a lot of Our Others yeah when when she pulls that Data Out is she dropping it into Excel into She's just dropping into Excel doing the Calculations that way so imagine that no Imagine you're talking you're talking About 60,000 different type properties That she's having to run through this Process on she's having walk off because Of the S sp12 and S SP2 stuff she has to Walk all the way back ver 2018 and start Walking it all the way back forward Right wow so you figure pulling that Data out dumping it into Excel so you're Now taking something that should be a Static record all you do is apply the Program to it you pull it out then you Have to apply the the changes to it and Then dump it back in there the potential And Rebecca does an amazing job but the Potential for any type of beage is Exponentially explodes well that's part Of it too because she has to take an Extra step on she's put it back in we we Have to have some QC on It checks and make sure before we Receive the next step Mitch can you
Clarify are there any QC is there any QC in place or any error Checks in place um To you know have any type of protection For the taxpayer taxpayer if Rebecca Makes any errors on that 60,000 you know 60,000 pieces of data 60,000 properties That she's taking out of a system Putting into Excel manipulating it Putting it back in they're acknowledging The room for massive Errors what am I missing here Mitch what You just heard is a straight up Admission of guilt they have violated Virtually every single appraisal law Ever written I defy anybody to show me In the Texas property tax code uniform Standards of professional appraisal Practice Texas Constitution where Anybody has the authority to take any Document any value outside of its Software that was authorized by the Board of directors to be used manipulate It put it in Excel and put it back there's no such Thing there's your proof of irrefutable Fraud like I said dcad is the gift that Keeps on giving because they have broken Every single appraisal law written can't Be any clearer than That Mitch let's listen to one more Thing because I really want the viewers To understand what you're saying first Of all we're being taxed first our un
Our unborn children are being taxed you Guys our unborn children are bankrupts When they're born and we need you guys To step up we need you guys to step up And save your money and fight these Appraisal districts and there's no math You're hearing them manipulating it but What you guys you know the other thing Is that we really haven't covered too Much is how much they bully people how Much these ARB boards these praisal Review boards actually bully people uh And embarrass people and really the only Way to get things done is to fight back And Mitch I want to play this audio real Quick of you know an enforcement Um officer that reached out I don't Think we're going to be able to play his Video today but I I want to play the Audio from the ARB Board of when you Know he was being yelled at I mean this Person had to threaten to call the Police on the ARB member you know for Disorderly conduct and this is a Taxpayer just trying to get a fair Shake Listen to listen to this audio Mitch y Were supposed to follow us P okay continuing what would you like to Do Do so you are you noting this or you Making a recommendation or statement of Something that you want done I'm just Asking you're quoting me stuff that I Don't know aboutone it down I'm toning
It down this is tone down based on what You've just I'm G explain something to You I'm I'm I'm hard hearing but I'm not That hard hearing okay I have a loud Voice turn yourself down Get Mitch he got yelled at when he asked Him to calm down and and threaten to get Him arrested this man laughed at this Taxpayer and by the way again this Taxpayer has been helping the Community Mitch if you know what would Say you were there all right what would You like to say to your own Appraisal District on behalf of everything that You see going on here today and I'm Sorry not just today by the way I don't Want to discredit your work for the you Know I mean your body of work has been Amazing but what would you like to say Mitch there's problems on both sides and I always try to look at the other side's Perspective as to what's happening Because you have to understand it and That ARB panel was completely out of Line there's no Justification and part of that is lack Of training part of that in reality is That I look at them as nothing more than A parrot without the benefit of Intellect and that happens because they Repeat stories that they think they know Without even looking at the documents And yesterday I held up at one page that Had 67 documents on it that nobody's
Read they haven't read usap they haven't Read the Texas Constitution the the training manuals That they get or the videotape is Roughly 14 years old for the ARB Members they're supposed to be an Independent body brought in at the Behest of the state com controller They're supposed to be independent they Are not the vast majority of the values That are agreed to by the arbs are those Of the values as stated under threat of Perjury by the rpas the registered Property Advisors the bottom line is that the System is completely cooked against the Real estate taxpayer so what we're doing Here is trying to give the real estate Taxpayer be a commercial Endor single Family Andor multif family what have you The ability to fight back using the law And using the Truth over and above that as you've seen A lot of people go to these ARB meetings They're not armed with enough Information they don't have a one page In a spreadshe format that simply says Here are the comps that are real comps Under 2301b and 2301e of the Texas Property tax code and under uniform and Equal in the Texas Constitution they're not armed with any Of that information So there's problems on both sides of the
Table but the cab is responsible and They don't educate the public they do Just the opposite they Gaslight the Public well our property values are Medan home value $514,000 there's not a stitch of Truth In that statement like I said dcad is The gift that keeps on giv they've Wrapped themselves in razor wife and From this point forward by virtue of all These videos every time they try to Wiggle out of something they're going to Get sliced and the goal is to shut them Down they do not deserve to exist it is A criminal conspiracy to defraud the Public and they need to be shut down and That is where Mr Cardone should have Gone now he may not know it but he does Now yeah let me play for the viewers Just one more part about that interview And they're going to talk about what They believe the solutions are and they May not be the wrong they may not be bad Solutions but they may be the wrong Solutions solons let's he at home you Know very basic ideas of saving your Money and ensuring that you know you Save first was sort of a fundamental uh In my household but I for me it started With my mother I don't know that that's Going on enough if you're not getting it At home I don't think you're getting it At school either no you're definitely Not you know people are using credit
Cards we have the highest credit card Debt in the history of planet Earth and Plastic at the highest interest rates in History and yet people continue to use Those as as a solution to pay for things When they should be learning how to Produce more income from themselves Which by the way there's endless Opportunities more opportunities today To produce extra Revenue than there ever Has been in history Mitch do you agree With those Solutions I mean I would Certainly say that there definitely is a Huge lack of financial education in the Community in the homes you know with Schools and you know I would also say There's a huge lack of you know credit Card knowledge and credit cards actually Is a huge financial trap um what could You add to what they were suggesting the Solution would be as far as on the Consumer front the consumers know to Step up you know sign the protest uh it Is in the description take 10 seconds Guys join the movement join the solution But Mitch what are some of the other Things that you think that normal Everyday consumers can do to get ahead Of this if anything Getting rid of credit card debt is job One because the interest rates are off The charts and you'll find that without Credit card debt you start to get Clarity of mind and Clarity of mind will
Help you get through these other Problems the issue with I mean there's No solution other than bankruptcy in Many cases but you can deal with the Problems but again not getting in under The hood enough from what Mr Cardone was Saying is that you have people I.E 37% Of the Population uh household population are Going to lose their home and or go Bankrupt well in that number is a very Interesting problem so you have all These People that may have one two or three Jobs so the idea when somebody says well You can go and create another job or There's M multiple opportunities out There It's a full circle problem in that if They don't have the knowledge to protect Themselves against credit card debt and Understand why your balanced books must Be Balanced how do you expect them to go And start a Company without money or capital or an Idea or an infrastructure under them so In other words it's a hollow statement It's plating the public without getting To the fact of the matter And just recently I want to point out That it's not just somebody who owns a $300,000 home U we have a subdivision it Has expensive homes one and a half
Million $2 Million and we live through this problem Back in 2008 we had 30% of the houses go For sale because even as what you would Think are quote millionaires the truth Of the matter is they're no better than The people who have all the credit card Debt it's just a difference scale but The reality is they don't know how to Handle it and they got into trouble and Coincidentally that was about 30% so That 37% median household income I'm sorry Median appraise household value it That's going to lose well that's pretty Close to the 30% that we suffered in 2008 and we're starting to see that now We have people in that particular Subdivision uh three of which right now That's 10% that are going to have to Sell their homes because they can't Afford the homes well why can't they What happened if mom loses a job or dad Loses a job there's not enough income in That property to sustain the maintenance Let alone the real estate taxes it just The two things can't exist on the same Planet the books aren't Balanced and that is really the Underlying problem with what Mr Cardone Was saying it's not what he said it's What he didn't say it's what's missing And that is when you get in under the Hood you start to get to the
Truth well said sir and I hope you guys Understood what Mitch just said I mean You could be low class okay just you own One house that's a $300,000 house but if You are living the right way you Eventually pay your house off we could Be more successful than millionaires the Millionaires are this close some a lot Are this close to financial Financial Wreck because it you know it has more to Do with you as a person and how you're Spending than drowning in debt in Today's world living with Clarity of Mind is more important and there are Many more people that live in three and $400,000 homes than there are people who Live in million dollar homes you're much Better off stop following Joe Smith next Door get that debt gone because this System will collapse it has no choice we Showed that in in the video with $142 Trillion of debt this cannot be Retrieved can it be somewhat blunted Sure but the politicians aren't going to Blunt it they're just going to just like They did in for worse they're going to Insist give us more money so we can Cover up the bankruptcy and that is a Compounding cumulative Circle straight Into Heal yes sir but it does start with Awareness guys and Mitch again thank you For your time we're going to get out of Here we kept you guys you know for a
Little while tonight hope you hopefully You guys got overwhelming value comment Below let us know what you think and if You're out there investing in real Estate you guys already know we wish you Luck and we hope you win
