June 21, 2022
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7:31Now PlayingThe MR crew react to TikTokers gloating about how much they make as landlords. The Majority Report crew discuss the growing resentment towards landlords as the housing bubble shows signs of bursting. The MR crew also talk about how there is a difference between new money who gets rich quickly and old money.
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I mean that's what makes them like crypto bros too because they've been convinced that like being a landlord is a guaranteed passive return on your investment. And just like when we saw what the beginning of the covenant pandemic happened when a lot of landlords were forced for even a half of a second to take a break on collecting rent from people who are unemployed that a lot of them are illiquid they're just sitting there going like hoping that the money comes in every month because they're not quote unquote good business people planning ahead. They're just you know parasites like you know on working Americans trying to like live and survive in a society that is not pretty much geared towards helping people do that, i think the interesting part is that we know like when that stuff collapses for people like that we're gonna get different tick-tock video explaining why they deserve to be bailed out. You know just like the crypto people like once you know this passive income scam falls out from under them and they've decided that they deserve to be rich they'll just be you know coming to the government telling that they deserve to be bailed out for all of these income properties that are going unrented.
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