1868: Staggering Year-Over-Year Inflation Destroying the Middle Class: Skyrocketing Rents, Travel & Auto Loan Troubles

There have been staggering price increases around the country in the last year in many sectors. Jason Hartman gives you the latest year over year numbers on rents, hotels and auto loans. The increases are staggering! In just one American city, rents have increased 40.8% in just one year! It's truly shocking to see rents go up that quickly, but if you take a quick look around the world, it’s even worse. When a housing market correction eventually happens, it will put upward pressure on rents. That's the beauty of income property. Other asset classes such as the stock market, don't have the great multi dimensional characteristics we have with income property.

As economic times change, the middle class is continuing to be hollowed out and things that were considered normal will soon be luxuries for many people. The destruction of the middle class has been underway for decades and it's coming to a real inflection point. Traveling, buying your own house and having your own car will be a thing of the past for many.  So, what's the moral of the story for today? 

If there's a big economic recession, you’ve got to have financial self defense. As you’ve heard Jason and others say before: don't wait to buy real estate, buy real estate and then wait. Income property is the most historically proven asset class in the world. Mortgages are still below the rate of official inflation and dramatically below the rate of real inflation. You're getting paid to borrow money and you're automatically getting inflation induced debt destruction. Go to JasonHartman.com and let Jason and his team assist you in your investing journey!

Key Takeaways:

0:00 Welcome to The Creating Wealth Show Episode 1868 

1:00 Those who do not learn from history are doomed to repeat it

2:51 Massive government deficits 

5:01 Reagan, the debt ceiling and inflation

7:56 The Federal Reserve was created when no one was paying attention

8:55 Increase your credit lines at www.jasonhartman.com/fund and protect your assets at www.jasonhartman.com/protect

10:38 Take advantage of inflation induced debt destruction

11:31 Rents are high now, but will go higher

15:31 Rents are much more expensive around the world

19:38 Inflation is worse around the world

21:55 Subprime crisis in the auto loan industry

23:29 Other asset classes don't have the multi dimensional characteristics of income property

25:11 The government wants to push us into mass transit or into electric cars

28:48 If there is a recession, you’ve got to have financial self defense

30:42 As economic times change, the middle class is being hollowed out

34:44 Don't wait to buy real estate, buy real estate and then wait 

35:20 Learn more at www.jasonhartman.com

 

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