Friday Feb 16, 2024

American Debt Crisis - Credit Card Debt, Real Estate Defaults, and the "Good Debt" Fallacy

The US will NEVER pay off its international debt, and Americans owe TRILLIONS in personal debt. How can the average person get ahead as rates rise and wages remain stagnant? On today's episode of The Kings Table Podcast, we discuss how credit card debt enslaves consumers and what it really takes to truly achieve financial freedom.

We also discuss the comeback of cubicles, provide updates on the NAR collusion case, and offer the only real estate investment strategy that makes sense when it comes to office space.

Timestamps:

00:00 – How to get your kids an 800 credit score

00:44 – Welcome to The Kings Table Podcast

01:48 – CPI comes in hot at 3.1

07:55 – Investors are almost always wrong about the fed

09:36 – Why should the fed lower interest rates?

12:06 – Americans have TRILLIONS in credit card debt

14:44 – Why this isn’t like ‘09 real estate crash

16:51 – How much is too much when it comes to “good” debt

19:59 – 20 percent of commercial loans are at risk of default

23:45 – Powell is unfazed by pressure to lower rates

27:20 – How commercial real estate getting crushed could impact everyone