The Real Reason You'll Never Afford a House (Nobody's Telling You This) | Truth Block

**Hurley** (0:00)
Americans have never been more miserable about the economy. Not 2008, not 1980, never. Meanwhile, the stock market is sitting near all time highs. How does this compute? You did everything they told you to do, get the degree, get the job, save up, and the house follows. Your parents ran that plan and it worked. You ran it and you're in your 30s with roommates. So who's responsible for this mess? The boomers, landlords, private equity, corporate greed, your coffee habit? They're all a little bit true, but not one of them explains why it's hitting rent, groceries, tuition, and housing all at once. And now they're telling you that AI will take all the jobs too. Every one of these arguments is about who took your money. Not one of them asks what happened to the money itself. Welcome to TruthBlock. I'm Hurley. Let's mine truth.
Quick favor before we get into it today. Most of you watching are not subscribed, and that one tap is the best way to support the channel. We appreciate you. So let's start by putting real numbers on the feeling you all have. A pound of ground beef was $3.60 in 2017
Nine years later, and it's $6.80.
It's the same cow from the same store. But here's where it gets interesting. Over the last 20 years, the median American paycheck went from about $660 a week to $1,251 a week. Call that a 90% raise. Over those same 20 years, the median asking price on a house went up 103%.
Rent went up 127%.
So you got a 90% raise and you fell behind anyway. On everything. Nobody buys 127% rent increase in avocado toast. So what do rent and beef and tuition and houses have in common? They're all priced in the same unit, and nobody ever checks the unit. Michael Saylor sat down with Stephen Bartlett on diary of a CEO this week. You likely know the name. Saylor's company holds 847,000 Bitcoin. About 4% of every coin that will ever exist. And by his own math, his business got 100 to 200 times bigger in the five years since he started buying. Park all of that because Bartlett starts by asking him the most ordinary question there is.
Should I buy a house?

**Michael Saylor** (2:15)
One acre of land in Miami Beach on the water cost $10,000 about 100 years ago.
I know this because I have a house on the water and I have the deed of sale and it was about on two acres and it was $20,000. The entire house cost $100,000 and it's about $20,000 worth of land. Today, one acre of land on this, the same acre on the water, $10 million, maybe $20 million.
So you know, what happened here, right? It's the same dollar, it works out to be 1000X increase in price. So when land goes from $10,000 to $10 million, that means that the currency, the dollar, the money, lost about 7% of its economic value every year for 100 years running.
If you lose 7% a year, you know, then you get cut in half, right? 10 times, right? So what do most people not know about money? What they don't realize is that the best currency, money, money being a medium exchange unit account store of value, the dollar, the best in the 20th century and the 21st century, the US dollar lost 7% of its value every year going for 100 years. That's the best it's ever gonna get. It's not that good for everybody else. If you go to most other countries, they lose 14% of their value. And so they collapse in about 30 years. So what you have is a situation where if you store your wealth and currency and the money of the society, the question really is just, are you gonna lose most of your money within 10 years? That's the weak currencies. In Africa, for example, most currencies in Africa, you couldn't hold your wealth even for 10 years, maybe five years. Or are you gonna lose all your money in 30 years? Hyperinflation happened in Brazil, happened in Argentina, you know, that's Mexico, that's most places. And that's the status quo. The average fiat currency, you know, collapses in about 29 years, I think.

**Hurley** (4:29)
So that's on an acre of oceanfront, which is not what any of us are actually shopping for. So run it on the thing you actually want. Since 2006, the median new home price is up 74%.
That's pretty brutal. But the money supply grew 233% over that same stretch.
Price a house against the money instead of against dollars and housing is down 48%.
So the house didn't get more valuable, the ruler got shorter. Which is why people end up selling the one thing they managed to hold on to, just to cover a bill they had no part in creating. Well, that's the exact trap that Ledn was built to get you out of. With Ledn, instead of selling your Bitcoin, you borrow dollars against it. Up to 50% of your stack's value, funded in under 6 hours with no credit checks and no capital gains event, at around half the rate of a credit card. With Ledn, your collateral sits in custody and never gets lent out to anybody. So head to learn.ledn.io/simply to take a look. So why doesn't anybody fix this mess that we're in? Simple answer is it isn't broken. This is the system working the way it was designed. The national debt was $2 billion in 1900 It's almost $40 trillion now. In interest plus social security and Medicare, already eat more than every dollar the government collects in tax. There are four ways out. Three of them don't work. You can't cut defenses by 90%.