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hi guys welcome to another video so today is June 28th so today we're going to talk about him War Buffett okay War Buffett versus Happ which is his company is making a big investment big bet or we a big gamble on the real estate is it a gamble is it a good investment or is it a bad investment okay so this is the thing that we should talk in the few uh in the next few minutes okay first of all I'm not sure if you know what where am I sitting this is actually my um primary classroom right if the war is divided is there are two classrooms and then uh we just happen to finish our biggest uh one of the biggest seminars that we are doing it t once every two months so uh so this is just last Light uh this is one of place that we have um historic High the attendance is uh 1,600 I believe so uh it is me and this is me on the stage flowing some gifts and Nike shoes and uh um last time is Samsung gear it's someone sponsoring okay so this is the uh end of the seminar people really cherish the chance to ask me questions because I cannot interact right so um uh if you're one of them who happen to be in Hong Kong or if you're not and I'm going to Canada and uh maybe Australia in September so um tell me if you guys are interested in N seminars and classes that I'm I'll be hosting there hopefully so back to the topic um so is that a good news or a bad news because this is the housing market is is really important because we not we are all investing in houses and we really concerned about housing markets okay so it's the big bad the story is if you didn't know that there's a little issue happened in Canada called home Capital crisis okay so this company is s up S up cash which is they were sought they were s off cash and it's now better because they got an investment right so they were sort of sort of cash um is saying that they going to bankrupt or being acquired something like that because um the uh some kind of issues came out okay so um the bford BR ha invested like two billion Canadian Dollars into credit line credit line right into home capital okay so what is C line is when you need it they have the maximum that you can use the two billion uh for in case people redeem withdraw or transfer the mortgage we in case of any debts going to happen inside your company so you can use the credit line but you have to give me some shares or something uh interest something like that so he's actually investing in home Capital people say that you're dumb you're stupid um I'm not thinking this way okay not only that now recently recently just really recently it's just this few days okay okay um first year having it in annual meeting right so he's investing in another company in United States is also related in the uh it's the store Capital okay uh said in the statement is also the real estate market so uh there's only two ways okay either he's going to win or he's going to lose okay e either um Within These two results there are two reasons two um two yeah two reasons behind one is he stupid or one he's smart okay I think he's smart and he's going to be right okay so that's my thought because uh you know I'm a big fan of the um the B market okay so it's really really all kind of makes sense okay imagine uh if I write this is uh B market right now economy is going to expand and people are actually going to spend more money and they have the ability to pay a mortgage and the housing prices will be going keep going up right of of course obviously he's going to be right right but is that assum valid okay think of this this way how much interest rate how much interest you have to pay the bank or the interest rate uh the institution um the lowest nowadays okay is around 1% or oneish okay if you are good you're really you really rich maybe they are going to give you 0.8 or0 0.9 interest rate right but if you borrow money with such a low rate can you first of all pay your debts yeah most of us can most of us can pay up the debts if you lose your job that's another story okay if you have bad credits history then you your interest rate may be 24% right that's another story but majority of us because the interest rate the present Fed rate is so low okay the banking people you B borrow money from the banks or normal insti in institution in normal weights should be around 1 to two% okay so historically um I'm not talking about it's a b Market or bare Market okay historically people can pay your mortgage and people can pay your debts and historically people will keep on slowly leverage slowly leveraging the assets okay if the interest rate is going too high I will be really afraid and scared okay but now the interest rate is really low so this company store Capitals home capital okay so a going are they going to do more business or less business okay the interest rate is so low so if two reasons he's going to win he's going to be correct first of all the housing market is going up and the activities will be return to more normal right because now he's finding cheap things because the turnovers and volumes and transactions in Canada has been dropped for 90% but the price the prices are not sort of really solid they're not coming down right So eventually housing market is doing good the activities and transaction will become normal again and then the investment will nearly Return To War right now instantly okay the second reason right so even though the activities will be normal housing market will be normal known ups and downs right eventually because it's such a low interest rate era so people will keep on boring money especially mortgages and because the banking system has been fixed that the saving the interest rate of saving account and the interest rate of boring money as long as there's Gap as long as there's gap for any institutions of banking they will earn money right because the institution they will have no they don't have money of nowhere is from major bankingsales okay so as long as there Gap is always it's always sure that they can yield a return through paying up the mortgage so the first question I agree that the first thing is if majority of us to a certain degree that we cannot pay our mortgage of course everyone is dead the housing market is dead right but the thing is you have to bet on one side is it true or not because I find I found all the data and statistics and support that I cannot say the housing market will be doing really good for me personally I think it will it will hit historic high again and again until the interest rate will be going up to three at least to 4% and then we can talk about bubles okay but now even though you're not conf you don't have any confidence on the hous market okay that's that's fine but the interest rate is really low right in the US in Canada it's like Z .5 in Australia is the cutting rate to now like one hge in Hong Kong is 1.6 you can really have bubble and you can really stop all kind of leveraging AC activities if you can stop yourself you cannot stop the world okay so in uh in conclusion I think that he's making a conscious smart move and he is most likely going to be right and he's most likely going to buy chip tanks so um that's my insights about for the housing market so uh you can also look at my videos in other playlists and you can have more insights or different angles to CH yourself and you can better prepare for the future so I'll see you next time investing MC easy bye
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