Thu, 31 December 2020
[Giveaway] Go To jasonhartman.com/contest
What do you mean, 30th anniversary of the peak of civilization? Jason Hartman talks about the shifts in culture, the economy, and technology throughout the years. What's peaked, and what is climbing faster than ever?
Jason is interviewed by Sterling White of The Real Estate Experience Podcast. Jason shares his journey and wisdom from the first three chapters that motivated him in real estate. Learn about the successes and failures that made Jason who he is today.
[1:20] What news station has 'gone off the rails?'
[4:50] What would be the New Years' resolution for a N. Korean?
[7:20] This New Year is the 30th anniversary of the peak of civilization.
[10:25] "Let me control the music; I care not who controls the money supply, and I care not who makes the laws." -Jason Hartman
[14:45] Have you checked out our Youtube Channel?
[16:21] The book that started it all for Jason, in three chapters: Nothing Down by Robert Allen
[19:20] You may have some bad experiences, it's not perfect, but keep going, keep investing
[21:30] If our mindset is wrong, we'll let the opportunity slip away
[24:20] We have to manage scarcity, mentality, and ego
[28:00] Your job is to pay the bills; your real estate will make you rich
[29:00] What failure has set you up for success?
[32:45] Thou shalt not gamble, buy a property that makes sense the day that you buy it
[41:45] Debt is not wrong in real estate; the mortgage is a huge asset
Wed, 30 December 2020
Although we have been mixed up with some challenging and not-so-great looking economic times, the real estate market still seems to be flourishing. Jason Hartman shares some great news about US real estate, along with some interesting anecdotes about building supplies for new homes.
The script is flipped, and Mike interviews Jason Hartman. Jason and Mike talk about being ‘area agnostic.’ Why should you diversify your investment portfolio into 3-5 markets? Become a Platinum Property Investor.
WIN $500 CONTEST: $500 ‘Stimulus Check’ to the Winners! jasonhartman.com/contest
[1:00] We face potential economic hardship and challenging times, but real estate is doing great!
[7:45] Because of pricing shifts, Charlotte builder went from lumber framed homes to steel-framed, and then back to lumber.
[10:45] Have you thought about cryptocurrencies lately?
Interview from the past
[18:00] How I got started in real estate.
[19:45] If you want to get rich in real estate, learn the business first.
[24:20] Investing smart means following the ten commandments of investing. Number 3 is “Maintain Control.”
[28:00] The US markets are starting to show signs of “real maturity.”
[34:20] Market and economic predictions?
[39:00] What is Platinum Properties?
Tue, 29 December 2020
Find out what is the hidden wealth creator for income property investors.
Everybody needs food and energy. Jason Hartman begs the question, why are they excluded from the consumer price index when calculating the core rate? In this in-depth talk on economic maladies, Jason discusses inflation, deflation, and stagflation (stagnation) - and which is likely to show up in our lives throughout the next few years. How much do we (the entire human race) produce in a year?
[2:45] The political spectrum is less of a line and more of a circle.
[6:30] “We just want a job.” - how money solves so many problems.
[9:10] This decade, we will see changes, the likes of which we’ve never seen.
[11:00] Is UBI good or bad?
[14:00] Inflation, deflation, or stagflation (or stagnation); what’s what?
[15:20] Why is inflation the most common scenario?
[17:20] The assets are the things you own, and the liabilities are the debts you have…right?
[20:00] How much does the entire human race produce in terms of economic value every year?
[22:00] Sighted inflation is a lie!
[24:10] What are the two commonly excluded components from the consumer price index to get the core rate (core inflation)?
[26:00] Which assets do ‘ok’ in an inflationary environment?
[31:00] The IRS does not know how to calculate inflation.
[32:30] Economic malady number 2: deflation.
[39:00] How can income property help me with my taxes?
Direct download: CW_1626_Your_Asset_Matrix__3_Economic_Maladies.mp3
Category:general -- posted at: 5:00pm EDT
Mon, 28 December 2020
Jason Hartman asks you, “what will life be like in 2021?” As well, Jason offers an update on a couple of Florida markets. This all before his introduction to an episode from just over one year ago.
Jason Hartman starts today's episode from the Ritz-Carlton in Key Biscane, FL. He has created a new ratio for you to think about that can be put alongside the Rent-to-Value Ratio and all the other ones Jason has coined. Then he explores the concept of the unemployment rate versus the labor participation rate, the differences between them and what that means.
Then investment counselor Adam joins Jason to discuss a property in Mobile, AL and also to look at the growing wages in specialized blue collar jobs. The two explore how this will impact real estate values and what it could mean to 4 year colleges.
[1:25] What is life going to be like this coming year (2021)?
[3:30] In person update from St. Augustine, Florida Short-Term Rental Market.
[4:15] Update on Jacksonville, Florida market as well.
[6:00] Alabama new construction: jasonhartman.com/sweethome
Blast From The Past Episode Originally Aired December 17, 2019
[11:06] Jason's newest ratio
[13:52] Unemployment Rate vs Labor Participation Rate
[18:32] The discouraged worker skews unemployment stats
[20:02] A property profile in Mobile, AL
[23:56] Blue collar wages are enticing people away from 4 year colleges
[29:28] How rising blue college wages rising could impact real estate and the cost of repairs to our investment properties
Direct download: CW_1625__Life_in_2021__Property_Profile_Wage_Growth__Labor_Participation_Rate.mp3
Category:general -- posted at: 4:00pm EDT
Fri, 25 December 2020
1624 FBF: A True Christmas Story About America's Best Export - Freedom, "Shift Happens", Commercial Real Estate Investing
This episode of FlashBack Friday was originally published: October 12, 2010
Jason shares President Ronald Reagan’s 1982 radio address to show how much the world has changed in 25 short years which illuminates America’s best export and the essence of it’s “brand” – freedom. Next, “Shift Happens” as global prosperity booms. And finally segment two in our series on commercial real estate investing. Stay tuned for lots more innovative “new thinking” about investing and the financial world with our upcoming Creating Wealth podcasts in 2008.
Happy holidays and best wishes for the new year!
Thu, 24 December 2020
Jason Hartman discusses the 12 Days of Christmas with one caveat: inflation adjustments! First, let us all rediscover the true meaning of Inflation. This year, Inflation for the 12 Days of Christmas has some peculiar changes, thanks largely to social distancing. Will we get a second stimulus? If so, how much will it be? Does your investment produce income? If not - it’s probably not an investment.
Contest TWO Winners: $500 Make a video: Tell us about your real estate and investing goals, health, fitness, etc.
[1:20] Inflation, one of the economic maladies.
[3:10] What’s the average US home price, not the median home price?
[5:30] What will happen with this second pandemic stimulus?
[9:40] Inflation, Inflation, Inflation!
[10:00] What’s the difference between Real and Nominal, Price, and Value?
[16:20] For 37 years, PNC has been indexing the 12 days of Christmas.
[20:00] The Inflation starting with a partridge in a pear tree.
[25:25] Five golden rings or six geese a-laying?
[31:50] No inflation on nine ladies dancing; it’s not even available.
[33:00] Are we all going to end up being germaphobes?
[38:00] Some Q&A from live viewers.
[39:00] What’s double arbitrage?
[40:30] If it doesn’t produce income, can it be called an investment?
Direct download: CW_1623_The_12_Days_of_Christmas_INFLATION_ADJUSTED.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 23 December 2020
1622: Successful Short-Term Rental Location St. Augustine, Self-Driving Cars, Housing Inventory, Rabbi Moffic
Jason Hartman discusses with Rabbi Moffic the successes and fears of Moffic's short-term-rental (STR) purchase, taking place at the outset of the pandemic. The STR market was divided into great success and great struggle through the coronavirus pandemic. The automobile once changed how we lived. As we move into a period where cars are self-driving, we will see another significant shift in how we live.
[1:45] Bubble In the Sun, The Florida Boom of the 1920s and how it brought on the great depression
[4:00] Evan purchased a Short-Term-Rental Home in St. Augustine, Florida, in February 2020 (COVID-19).
[9:50] What had more influence on society, automobiles or Genghis Khan?
[14:00] Automobiles once changed how we lived; Apple self-driving cars and Tesla are both likely to change how automobiles affect our lives.
[19:20] The rise of suburbia is upon us.
[22:30] Housing inventory is the lowest; it's been in recorded history.
[27:45] New inventory is impossible to pencil out as a starter home.
Tue, 22 December 2020
From the stimulus bill to AB 2088, Jason is feeling admittedly indignant. Where are your tax dollars going, and how are they being affected? Do you have time to read the 5,593 page COVID-19 stimulus bill that congress released? California is trying to push their rich out and taking their money no matter where they end up.
[1:00] Feeling indignant?
[3:25] The longest bill ever passed on the shortest day of the year.
[6:20] Are we (the US gov) unwinding all of the checks and balances of our founding fathers?
[8:00] Your cut of 2 trillion is 600 bucks; where is the rest going?
[15:00] California is driving out the rich!
[20:00] You never want to live in a place where the government is broke.
[24:10] Assembly bill 2088, California.
Mon, 21 December 2020
Why are we so lonely? Jason Hartman talks about the consumer product companies' benefits from a society troubled with excessive divorces. Has the single/divorce rate grown organically, or has some force behind the proverbial curtain driven it up?
Jason talks with Karen Straughan, who is known for her Youtube Channel, Girl Writes What? Feminism or anti-feminism, what's the best takeaway for improvements for all? An often misunderstood term, Karen sheds light on the way to better understand the movement.
[1:00] Why are we so lonely?
[2:20] It's better for consumer product companies to have people marry and then divorce, and possibly for the government too.
[6:30] "A woman needs a man like a fish needs a bicycle." - Gloria Steinem
[9:00] "Follow the money."
[15:30] Why is feminism an often misunderstood word?
[17:00] Feminism sort of declared war on men back in 1848.
[17:45] Has feminism hurt women, how so?
[22:00] Is there a hidden agenda to double the consumer market by splitting up couples?
[29:00] Do parts of feminism fuel vengeful behavior?
[33:45] Is feminism a conspiracy to reduce the birthrate among educated people?
[36:00] Feminism and conspiracy.
[45:00] Look at how the music narrative of women has changed in the last 50 years.
Fri, 18 December 2020
This Flash Back Friday episode was originally published: May 2015
Jason reads two articles to the audience. One is about the perception of Wall Street from Business Insider and another on CEO wages from Newser. Jason encourages you to leave him a voicemail on your opinion about the articles. Today’s guest is Douglas Goldstein. Douglas is the author of Rich As A King and he talks to Jason on using the concept of chess to become a more strategic investor.
[3:40] There’s one common theme in the CNBC show American Greed – investors didn’t have control.
[8:05] Be sure to check out this upcoming Flashback Friday episode.
[10:40] Jason reads an article from Newser about CEO wages. Send him a voicemail on your thoughts about this article.
[16:05] Jason introduces Douglas.
[22:15] How do we apply chess to our investments?
[30:30] Focus on one piece of your investment and try to make it just slightly better.
[35:30] What are zero coupon bonds?
Mentioned In This Episode:
Thu, 17 December 2020
Jason Hartman talks about Richard Cantillon in the same breath as the Federal Reserve. What do these two have to do with each other right now? Go long on real estate!
Investment Counselor, Adam, talks with Jason Hartman about how specific real estate markets are doing compared to markets in the Hartman Network. How much growth can you expect, and where should you put your money with such low inventory?
Check It Out:
[1:20] 2021? Outlook looking good?
[2:45] "The Cantillon Effect refers to the change in relative prices resulting from a change in money supply . The change in relative prices occurs because the change in money supply has a specific injection point and therefore a specific flow path through the economy." -aier.org
[4:30] Go long on real estate, and stock up on these mortgages while rates are low!
[6:55] "Is this the roaring 20s?"
[10:30] How are markets doing in the Hartman Network right now?
[17:00] How are Texas properties different as far as investing dollars?
[19:00] Are inflation stats wrong today?
[22:00] Let's take a look at inflation-induced debt destruction.
Wed, 16 December 2020
Jason Hartman talks about the staggering number: 35% of US dollars were created this year. Will all of this money-creation cause inflation, and if so, is that good for investors?
Is the foreclosure wave coming, is the crash coming? The delinquency rate is decreasing, but naysayers are still looking for a bubble to pop. Jason Hartman talks with investment counselor Adam about the foreclosure wave, forbearance, and appreciation in this two part interview.
Check It Out:
[2:45] 35% of all US dollars have been created in the last ten months.
[4:00] The Federal Reserve became the biggest investor in all world history.
[8:00] Jason speaks about the economists that have had a significant effect on our livelihood.
[12:00] Will all of this money-creation cause inflation?
[18:00] Real estate has been making a fortune for fifty years, and the naysayers keep waiting for the crash to come.
[20:00] Timing the market does not work.
[21:00] Do you remember Long Term Capital Management?
[23:45] Foreclosures were down all over the country before COVID-19 hit.
[25:00] Does the forbearance issue 2020 lead to more money in the system?
[28:20] The average US foreclosure period is 841 days.
[32:20] What is the incentive to come out of forbearance if you are concerned about a potential shutdown?
[37:45] Rents are being paid regardless of the stimulus.
[41:30] Are we going to see a stall or bubble burst?
Tue, 15 December 2020
Land, gold, and art, or stocks, bonds, and cash? Jason Hartman talks with Dan Ferris, editor of Extreme Value and host of the Stansberry Investor Hour Podcast. “You need to learn to preserve wealth outside the financial system,” Ferris said. Ferris and Hartman go in-depth discussing diversification and its importance versus playing it safe with multi-dimensional assets. Inflation; don’t predict it, prepare for it.
Check It Out:
[1:30] The crash bros have been wrong, and wrong again.
[3:45] Are the SJW good people?
[6:25] If you need a model for consumption, it is as easy as checking in with nature.
[8:00] Global food prices have hit a six-year high (adjusted for inflation)
[11:00] High-frequency traders get even speedier with cutting edge cables -WSJ
[17:00] Let’s talk about Bitcoin, Gold, and Silver.
[19:10] “Bitcoin is the hardest currency on Earth.” - Ferris
[26:00] Bitcoin, is 11 years long enough for people to start accepting it for commerce?
[18:45] Inflation is coming!
[30:00] Will there be a great reset?
[31:00] Don’t predict, prepare.
[32:45] Land, gold, and art OR stocks, bonds, and cash?
Mon, 14 December 2020
Jason Hartman talks with Dan Ferris, the editor of Extreme Value and host of the Stansberry Investor Hour Podcast. Dan and Jason speak on subjects ranging from the broad economy to some of the conspiracy theories that might be ignored a little too much. Understanding the government’s role in the shifting economy and what the Fed is doing with each dollar can help one understand whether or not we are in a bubble. As well, how long can the stimulus work before it has no effect?
Check It Out:
[2:00] “I traveled, mid-pandemic” -Jason
[4:00] Is the housing market going to crash?
[10:00] Would our founding fathers have been called “conspiracy theorists with tin foil hats?”
[13:00] The government wins every election.
[14:00] Where is the economy going?
[15:45] The Fed doesn’t buy securities because they are saving up for retirement.
[19:15] Why might the stimulus stop working so efficiently?
[23:00] “This is the most insanely overvalued market in all of history.” - Ferris
[25:00] Nit-picking on Warren Buffet.
Fri, 11 December 2020
1614 FBF: Sensible Investing & Walter E. Williams, American Contempt for Liberty, Race & Economics, Liberty Versus the Tyranny of Socialism
Today’s Flash Back Friday was originally published in August 2019.
Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.
[2:34] Make sure you're investing in things that make sense THE DAY YOU BUY THEM
Walter E Williams Interview:
[7:46] Do United States citizens really have contempt for liberty?
[13:41] Has the Trump administration turned the tide at all?
[17:03] Is a wealth tax fair?
[21:51] Politicians are doing exactly what we elect them to do
[27:05] The only way we're going to solve our nation's problems
Direct download: 1614_FBF__Sensible_Investing__Walter_E._Williams_American_Contempt_for_Liberty_Race__Economics_Liberty_Versus_the_Tyranny_of_Socialism.mp3
Category:general -- posted at: 5:00pm EDT
Thu, 10 December 2020
Jason Hartman opens by suggesting the idea that the wealth distribution in America might happen naturally. While people can work remotely and choose to leave the big cities, these high wage earners will take what they have to share to suburban America.
Gold is the only monetary asset in the world that is not somebody else’s liability. Jason Hartman talks with Charles Goyette going beyond every conversation about gold in the economy right now. Gold’s value continues to rise, and not just compared to the dollar. Goyette says that China, along with the rest of the world, is de-dollarizing. Goyette gives an insightful, thought-provoking history and prediction of currencies in all forms across the globe.
[1:30] What does Bloomberg have to say about San Francisco?
[2:30] Water seeks the lowest point.
[7:15] When people flee to a less expensive area, they’re able to gain wealth, get ahead faster, and have an overall better standard of living.
[8:45] Why was the Berlin Wall built?
[12:20] High earning, highly educated people leaving previously favored cities will change the face of suburban America.
[18:30] Maybe we should have ‘socialist distancing’ as opposed to social distancing.
[20:20] In the last 100 years, the US has had three versions of the US dollar.
[21:00] Was the US government doing the mega version of check kiting?
[27:30] No trillion dollar debt?
[29:00] Are we looking at a sort of rampant runaway towards socialism in the US?
[30:40] For our economic might to end, it has to be replaced.
[34:15] China, along with the rest of the world, are de-dollarizing.
[35:40] How does bitcoin play into the future of global currency?
[37:15] “Socialism; ideas so good we have to force you to accept them.”
[39:20] Is gold an investment, insurance, or a currency?
[41:00] Is gold as scarce as we think?
[44:45] Any closing thoughts on the new world order and the great reset?
Direct download: CW_1613_The_Last_Gold_Rush.._Ever_Charles_Goyette.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 9 December 2020
1612: Flying In A Pandemic, Government-Backed Digital Currency, The Great Reset, Green Energy Trade-Off, George Gammon Part II
Jason Hartman shares the pros of flying mid pandemic. While at a real estate conference, he can’t help but notice how the vast majority of attendees are incredibly bullish on real estate. Who else has become part of the California exodus?
In this part two discussion, George Gammon joins Jason Hartman, further illustrating some of the truth behind global conspiracies. George states that more data produced by the free market capitalist economy is needed to understand and accurately control pricing. What are we trading for green energy?
[1:30] First time flying in 10 months!
[4:45] Many people are very bullish on real estate!
[6:00] Where in the world is Elon Musk?
[8:25] Warnings have been issued about pending great reset.
[10:15] How do you vet the abundant real estate offers?
[16:30] We need all of the data that is produced by the free-market capitalist economy.
[17:10] George explains the benefits of a central bank digital currency.
[19:50] The digital currency that wins the game is the one backed by the government.
[22:00] The possibility of digital currency backed by the government puts an overwhelming amount of control into the government’s hands.
[25:30] People generally revolt against their inability to eat, not having freedom stripped away.
[28:40] Is there a chance that we can sustain our current lifestyle if we move to green energy?
[30:45] Is green energy a trade-off or a solution?
[34:45] How can we compare today to how unemployment was measured during the great depression?
[37:00] Own a little gold, maybe some bitcoin, definitely have a 30 year fixed mortgage.
Tue, 8 December 2020
Jason Hartman invites you all to put on your tinfoil hats in preparation for this interview with George Gammon exploring some topics often considered economic conspiracy theories. George, a regular visitor on our show, brings you some unsettling details outlining the great reset and the repo market. How are communism and capitalism connected? How far will artificial intelligence infiltrate into our every day lives?
[2:15] Let’s put on our tinfoil hats for a moment.
[3:30] What is the repo market?
[9:40] “A trillion a day keeps the economic consequences away.” -Jason
[11:40] This great reset has been talked about since 2016 or earlier. Conspiracy theory?
[14:15] EVERYTHING shall feed into the central computers.
[17:45] George goes deep into artificial intelligence.
[21:00] Is communism the next stage of capitalism?
[23:00] Big government is great for the inner circle.
[24:15] Price signals help you allocate resources efficiently.
Mon, 7 December 2020
1610: Apollo’s Arrow, The Impact of Coronavirus on the Way We Live, Dr. Nicholas Christakis, Yale University
Once again, single-family investment properties prove to have lasting value - beating out the purported success of commercial real estate. Jason Hartman ponders, will there be a Boxing Day Blues, with pandemic relief packages drying up?
Plagues have always been a part of the human experience, but the seriousness of COVID-19 is rare. Jason Hartman talks with author and professor, Dr. Nicholas Christakis. Dr. Christakis shares bits from his book Apollo’s Arrow: The Profound and Enduring Impact of Coronavirus on the Way We Live. As well, Jason probes Dr. Christakis of the blueprint of a good society - from selections of Blueprint: The Evolutionary Origins of a Good Society.
Sunday Coffee Tok: new time 7:00/4:00 pm EST/PAC time.
Jason and Adam: Every other Wednesday at 9:30 am EST.
[2:30] Single-family home RE beats commercial again. 63 Bed, Bath, and Beyond stores are closing at the end of this fiscal year.
[5:15] 2.3% is the number that represents the number of office building loans converted into mortgage-backed securities that are more than 30 days delinquent.
[8:00] Millions are set to lose those big federal aid programs.
[9:00] The boxing day blues, pandemic relief packages likely to dry up or not?
[10:30] More lawsuits against Facebook!
Dr. Nicholas Christakis
[14:00] Unpacking: Apollo’s Arrow
[15:45] What’s the severity of Coronavirus in comparison to past pandemics?
[18:45] Dr. Christakis debunks some COVID-19 myths.
[22:30] There are two critical epidemiological properties to understand about a virus: the infection fatality rate and the contagiousness (R-Naught).
[27:45] The modern mind thinks science and tech have already solved all significant issues.
[29:15] We are fortunate to be in a period when a vaccine can be made available in real-time.
[30:45] What is “good behavior” for surviving COVID-19?
[34:30] The real estate industry is being reshaped, as it always has in times of pandemics.
[38:00] Talking about Blueprint, The Evolutionary Origins of A Good Society.
[39:50] What’s the forbidden experiment?
[41:45] A perfect natural experiment.
[47:20] That good feeling you get when in the presence of your friends was shaped by natural selection.
Fri, 4 December 2020
1609 FBF: Financing FAQs You Need to Know, Why the World Looks to U.S. Real Estate to Create Their Wealth
Today's Flash Back Friday was originally published in September 2015.
If you’re here it’s because you’re interested in creating or growing your wealth through real estate investing. And today’s episode is the perfect vehicle to help you do that.
One of our experts, Joe, joins us to give the down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. We also talk about whether or not you need an attorney to close a loan, the differences between technical refinancing and cash out refinancing as well as how many months’ of reserves you need.
This is expert advice free of charge! And it’s all here on today’s episode of Creating Wealth Real Estate Investing.
Quick answers in the lightning round to all of the most important financing questions. We dig in and ask prudent questions of Joe our financing guru. If you are looking to create your wealth through real estate investments this is the episode for you. Down and dirty details of what it takes to get the best financing deal and the specifications you need to qualify for up to 20 properties. Expert advice free of charge!
[1:23] Lender Lightning Round show
[1:58] The great Facebook debate
[4:29] Commandment #3 - Thou shalt maintain control
[9:28] Ric Edelman’s - 10 great reasons to keep a long term mortgage and never pay it off
[11:07] The supply chain of financial advisors
[15:40] It’s an amazing time to be alive
[16:18] The Chinese Government makes it easier to buy overseas assets
[18:40] Newport Rhode Island trip for Venture Alliance members and guests
[21:30] Inflation induced debt destruction
[22:15] Financing 10 properties per spouse through Fannie Mae
[22:53] Down payments vary - 5% down reduces your rate
[23:43] Financing through an LLC
[24:24] 1 loan, 1 property with vanilla residential financing
[25:45] Multiple inquiries about your credit score can lower it over time
[27:00] A LLC needs different insurance
[27:47] Is a power of attorney be sufficient to close the loan
[28:29] An attorney is not needed to close the loan
[29:57] A 2 year landlord history - Fannie Mae no, Freddie Mac yes
[30:56] The minimum credit score is 620 for the first 4 properties, 720 for 5-10
[31:50] Cash out refinancing on investment properties
[33:05] You can always finance your primary residence but different guidelines may apply
[34:21] Lenders need 6 months of reserves
[35:37] Offsetting the mortgage payment based on possible rental income
[37:42] Rental income loss
[38:38] Technical refinance or delayed financing
[40:22] 100% replacement cost needed in homeowners insurance
[44:37] Do your due diligence but beware of multiple credit checks
Thu, 3 December 2020
Long-Term Capital Management (LTCM) thought they had the market all figured out - oops. Jason Hartman reminds you all to invest in something that makes sense the day you buy it; market timing is for the fools. We are looking at record-low interest rates again (mortgage rates)! It's time to invest!
Investment counselor Adam returns for part two on their discussion of the doom and gloom, will we see another great recession? Even if we do see another great recession, understanding IDEAL can help set you up for comfort.
[1:30] If market timing were possible, wouldn't it be done?
[4:00] Real Estate is getting cheaper!
[11:00] In March 2020, Jason said, "don't invest" - today (December 2020), "DO IT!"
[12:00] What is the government?
[15:00] When is all of this Doom & Gloom going to come true?
[17:00] What if it's another great recession right now?
[25:30] Let's compare income property with the value investing philosophy of Warren Buffet.
[27:00] Understanding IDEAL
[33:00] "we'll just put the tool back in the toolbox, and everything will be ok.".. or not!
Wed, 2 December 2020
Who has End of The World Syndrome? Jason Hartman reminds everyone of the ups and downs of the market, but not the end. The migration, or the flattening of America, continues as Hewlett Packard is leaving silicone valley.
Adam questions JP Morgan’s move, “relaxing their mortgage standards.” Jason and Adam discuss the potential for another housing bubble or the great recession. Also, Jason and Adam break down some of Jerome Powell’s dialogue. What does this mean for the investor?
[2:15] End Of The World Syndrome?
[3:00] To those waiting for the RE crash…
[9:00] Hewlett Packard is leaving silicone valley.
[12:10] “The flattening of America.”
[14:10] The Final Frontier
[19:30] Is JP Morgan relaxing their mortgage standards…again?
[23:15] Is this the start of a housing bubble that leads to a great recession?
[25:23] Go to jasonhartman.com/charlotte
[27:30] Key-phrase: “when the crisis has passed…”
[34:20] Jerome Powell - The Federal Reserve - “the world’s biggest hedge-fund.”
Direct download: CW_1607_Another_Great_Recession_-_Mortgage_Rates_Debt__Disaster_.mp3
Category:general -- posted at: 5:00pm EDT
Tue, 1 December 2020
1606: Tony Hsieh's Creativity, San Francisco, Vantage Point Acquisitions, Andrew Cushman Client Case Study, Part 2
Jason Hartman zooms in on San Francisco to talk about vacancy rates, rental rates, and leverage. Also, Jason shares a few stories from his time spent with the amazing Tony Hsieh in Las Vegas.
Andrew Cushman of Vantage Point Acquisitions returns for part two to discuss one of the new investors' first questions: where do I start building my portfolio? Popular cities sound like a great starting point, but the better investment opportunity might be a city you've never heard of.
[2:00] Phase 1 to phase 2 of the Mass Migration of America.
[2:53] The median pricing to rent a 1 bedroom apt in San Francisco is $2800.
[6:00] What's a real estate excavator?
[7:30] Nearly 46% of ALL Americans are considering moving within the next year.
[9:15] Jason speaks on the innovation of Tony Hsieh
[13:15] Hear from the client: Muthia
[15:00] "I don't want to invest in Arizona because I don't want to be too spread out."
[17:15] How did you identify these growing markets early, before they stopped making sense?
[19:45] How do I decide what market to invest in?
[23:40] One of the best ways to protect yourself from an inflationary environment is to invest in real estate.
Mon, 30 November 2020
Jason Hartman shares evidence of bullish signs for the real estate market. Also, let's take a look at the S&P500 movement for the last 12 months; it's good to know where your investment sits in comparison to the market.
Andrew Cushman joins Jason to talk about rental scarcity. Andrew shares graphs and figures to paint a picture of real estate movement and migration in the US.
[2:45] The number of 2020
[4:45] jasonhartman.com/protect to set up different entities.
[7:10] 3.6 million long-term unemployed Americans without work for 6 months or more.
[9:00] Will there be a stimulus extension?
[13:00] How are stocks trading on their 200-day averages?
[16:00] Governments do produce at least one thing.
[22:00] Discussing the "tricky" economy, with the odd unemployment compared to stock market success.
[23:00] Will this be the next great depression, or is everything going to be OK?
[25:00] The millennials, the largest generation, are getting to the point where they are forming households.
[29:30] How much of a housing shortage are we looking at?
[34:30] California is losing the people that have the desired incomes for rental property.
[35:00] California is a banana republic.
[41:30] Opportunity zone, is it overrated?
[43:30] Thou shalt not gamble; the property needs to make sense the day you buy it.
Fri, 27 November 2020
This episode of Flashback Friday was originally published on: November 21, 2018
Jason Hartman starts today from his Aunt Joanie's house discussing a recent trend among her renters: lease breaking. Joanie has noticed that several of her tenants seem to be jumping in to the buy side after they had given up over the summer. Jason and Joanie discuss why this might be and the correlation between rents and home prices.
Then Jason talks with Diana Butler Bass, Ph.D. in religious studies and award-winning author of 10 books including her newest, Grateful: The Transformative Power of Giving Thanks. The two dive in to why being grateful is important, both for the community and the individual. Diana explains the 4 dispositions of gratitude and the health benefits that come from being grateful.
PLUS, don't forget to take advantage of Jason's massive Black Friday/Cyber Monday Sale!
[4:01] People are starting to break leases more often
[7:02] Fear of loss is more powerful than desire for gain
[9:26] Rents and prices are inversely correlated
[11:23] Why Aunt Joanie got into real estate
Diana Butler Bass Interview:
[16:15] Gratitude actually makes you healthier
[21:34] Gratitude functions out of our higher brain, whereas fear functions out of our primal brain. It also helps things in you physically like blood pressure
[24:39] The world has changed and we need to stop acting solely from our fear instincts
[25:37] The 4 dispositions of gratitude
[30:06] Play isn't just about competition, it's about appreciation, movement, and celebration. Ritual celebrations of thanksgiving are important parts of our culture
Thu, 26 November 2020
Jason Hartman, Rabbi Moffic, and everyone here in the Hartman Network wish you a Happy Thanksgiving!
We thank you all for being devoted listeners, active investors, and top-tier landlords.
Direct download: CW_1603_-_Giving_Thanks_-_The_Power_of_Gratitude_.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 25 November 2020
1602: Changing RTV Ratios in 2021, Pandemic Pushes Nationalization, Charles Goodhart & Manoj Pradhan
Have Fannie Mae and Freddie Mac adjusted the loan limits because they are adapting to the market? Jason Hartman speaks on the change in loan limits and the changes in purchase volume. As well, here’s a quick update on the US jobs market broken down.
Charles Goodhart and Manoj Pradhan return for part two in discussing interest rates with Japan as the main subject. Also, they discuss the nationalization of countries across the globe due to the necessity of self-reliance. Finally, Charles Goodhart shares Goodhart’s Law.
Black Friday Deal: pandemicinvesting.com/blackfriday
[1:45] Most counties will see a 7.5% increase in the loan limit.
[4:45] The Mortgage Bankers Association (MBA) offered a prediction, along with their revised estimates, what will happen in terms of purchase volume.
[7:35] Will next year be a time when it’s harder to get a good rent-to-value ratio?
[10:00] People in the mortgage business are making money!
[12:00] How’s the US job market doing?
Charles Goodhart and Manoj Pradhan
[17:45] The way Japan has been treated has been symptomatic of many of the analysis problems that we see in the global economy.
[20:45] Manoj comments on what allowed Japan’s debt to get so high.
[22:25] One result of the pandemic was that every country becomes more national and self-reliant.
[24:45] Are we moving into an era of stagflation?
[25:15] What kind of inflation is coming? US or Global? And how much?
[30:00] Goodhart’s Law
Tue, 24 November 2020
1601: The Great Demographic Reversal, Ageing, Inequality & Inflation Revival by Charles Goodhart (Goodhart’s Law)
Charles Goodhart and Manoj Pradhan join today to elaborate on a significant global prediction that low-interest rates won’t last. When they go away, it will place substantial hardship on the economy. Charles and Manoj authored the book The Great Demographic Reversal, a book that will outline the rise in inflation and interest rates but lead to a pullback in inequality. In part I, Jason, Charles, and Manoj elaborate on the dependency ratio.
Black Friday Deal: pandemicinvesting.com/blackfriday
[2:00] It’s a time to be thankful.
[3:20] The Fannie Mae loan limits are going to be increasing!
[4:15] Jason Hartman Flash Briefing: The Story of Inflation
[7:50] How are Manoj and Charles connected?
[10:20] How have globalization and technology influenced inflation?
[13:45] The debt ratios around the world have been jumping up very sharply.
[14:00] Will interest rates go up?
[15:00] The best way to get out of debt is to grow faster.
[17:00] Japan is aging itself out of existence with its extremely low birthrates.
[18:20] Robots won’t do; we need a reallocation from one part of the economy.
[22:00] Why is the dependency ratio so important?
Mon, 23 November 2020
Florida continues to amaze! Jason Hartman speaks about continuous job growth in Florida. Jason sets up the interview with Vermeeren, sharing the importance and weight in one's life of having goals.
Douglas Vermeeren joins the show today to discuss the power of thought shared in the film How Thoughts Become Things. Douglass and Jason speak on the profound ideas of building a life with thoughts, conversation, and your surroundings. From wealth to health, many ideas are influenced by the thoughts that you give them.
Black Friday Deal: pandemicinvesting.com/blackfriday
[3:00] Goals have magnetism.
[6:00] Cancel culture and the Rockefeller Christmas tree.
[7:20] Florida has had six consecutive months of month over month job growth.
[9:30] Trump fired Sidney Powell
[13:00] We become what we think about.
[16:05] Our thoughts are highjacked by the stimulus around us, all the time.
[17:45] We become like the five people we spend the most time with.
[22:00] Your network becomes your safety net, then becomes your net worth.
[23:00] "Fake it 'till you make it" is the biggest lie that's out there.
[24:45] A goal that is specific and clear becomes attainable and near.
[29:00] Don't' focus on the haters; focus on those that actually can pay you.
[33:00] Should we think outside the box or find the right box to think within?
Fri, 20 November 2020
1599 FBF: Exposing Corruption in the Department of Justice with Former Department of Justice Attorney, Sidney Powell
Today's Flash Back Friday was originally published in October 2014.
Jason Hartman speaks to author and former Department of Justice attorney, Sidney Powell. Together, they dive into some of the most scandalous and outrageous cases which have based through the Department of Justice in recent decades. Step-by-step, they overview several of the cases featured in Powell’s book Licensed to Lie: Exposing Corruption in the Department of Justice and consider the true state of our society.
01.00 – Sidney Powell’s book, Licensed to Lie: Exposing Corruption in the Department of Justice, deals with some of the most scandalous and historic events to come out of the United States’ Department of Justice.
09.20 – Within the Merrill Lynch case, it got to the point where favorable statements were hidden for six years while four Merrill Lynch executives were sent to prison without even a listed criminal offense.
13.00 – Sometimes there are two sides to a story and you need to dig a little deeper to find out what really happened.
16.55 – You have to question when a judge says he’s never had such a fine person before him for sentencing, and then passes a sentence.
20.20 – www.pogo.org (Project on Government Oversight) has identified over 400 instances of misconduct by prosecutors in the last decade.
22.00 – Despite having a criminal conviction against his name a few days before the re-election, Ted Stevens only lost his place on the Senate by a few votes.
27.45 – The Bar associations are less than useless in these situations because they just give the same response.
32.00 – Judge Sullivan is turning around the Freedom of Information Act lawsuit against the IRS and doing his best to achieve a just result.
34.10 – There are too many aspects of the IRS case that just seem conveniently timed for it to be believable.
34.40 – Many of Sidney’s articles about these issues can be found at www.Observer.com
36.40 – If the IRS is being used to target political opponents, who gave that order?
38.45 – Information about the book and how to purchase it can be found at www.LicensedtoLie.com. Tweet Sidney using the handle @SidneyPowell1 and be sure to ‘like’ Licensed to Lie on Facebook.
Thu, 19 November 2020
Jason Hartman shares the good news; interest rates at another record low! Texas is recording an increasing homeownership rate. Is it better for investors, society, the economy if homeownership rates continue to increase?
Jenna Weinerman, VP of Marketing from updater.com, returns in part two to discuss some additional figures on Americans' moving away from big cities. This suburban tsunami has some big-city dwellers headed back to their hometowns.
Charlotte Market Profile Webinar: www.JasonHartman.com/Charlotte
[2:35] We broke another record with interest rates!
[5:00] Is an increasing homeownership rate a good thing?
[10:30] What cities are making headlines and why? The Covid-19 Effect on NYC
[11:45] San Franciscans liked to stay in California, while NYC residents likely left the state.
[15:25] Jenna continues to break down where people that fled ended up.
[17:15] Where did San Franciscans go? … besides California, Texas!
[22:00] Where are Boston and Vegas residents going?
[25:00] A lot of people are moving to Denver, CO. Where are they coming from?
[29:30] What should our country expect moving forward?
[34:00] If there were ever a time to purchase a home, now is it!
Wed, 18 November 2020
Jason Hartman calls it The Suburban Tsunami; others have referred to it as The Covid Effect; it all amounts to one thing: a mass exodus of big cities like NYC and San Francisco, and a migration to the suburbs. Jason Hartman talks about the big move, the university debt enslavement complex, and home prices that one man says are rising too fast.
Jenna Weinerman, VP of Marketing from updater.com, joins Jason Hartman to share some facts and figures on Americans' move out of big cities. Updater is an app that helps to complete all of the peoples' moving-related tasks. This app has a lot of moving data collected from real estate businesses across the US.
Thursday: Charlotte Market Profile Webinar: www.JasonHartman.com/Charlotte
[1:30] The Suburban Tsunami!
[8:45] The university debt enslavement complex, and massive vacancies in college towns.
[13:45] Lawrence Yun, chief economist of NAR, "home prices are rising much too fast."
[15:30] 120% gross ROI..in ONE year!
[22:00] What is Updater?
[23:00] With Updater, they can survey one-third of the market.
[25:00] Jenna explains the difference between moving and a relocation event in terms of the pandemic.
[26:45] Is there support for the anecdotal evidence that people are moving mid-pandemic?
[29:45] There are many bidding wars across the country with this unusually long real estate season.
[31:00] Zoom fatigue. But the tech is there to work from home.
[31:45] Three more national moving trends starting with: the distance that someone moved.
[34:45] Why did mobility spike? Why are people moving in this period?
[35:15] Are people leaving the city?
[38:30] Warm southwest climates are receiving more new residents.
[43:00] You can't always take data at face value.
Tue, 17 November 2020
Jason Hartman elaborates on the migration of people from big cities, or as he has defines it: the reallocation of brainpower, venture capital, and tech startups. Jason talks about how the necessity for concentrated areas in these fields is no longer needed. People will be able to take advantage of cheaper places to live, with more space available. 300,000 New Yorkers or more have already made this decision.
Jason Hartman speaks with returning guest, Doug Casey of Casey Research. The often controversial author of many books including, The International Man, is asked about what he expects after this election. Casey also weighs in on the possibility of a cultural revolution. Covid-19 can and will affect the dollar, and real estate taxes, particularly those in big cities. Finally, Casey shares his views on Trump of Biden.
Thursday: Charlotte Market Profile Webinar: www.JasonHartman.com/Charlotte
[1:45] Tired of hearing about people leaving big cities? Here are the latest updates and predictions.
[4:45] Looking at the potential reallocation of brainpower, venture capital, tech startups. This will be spread all around the country and less concentrated.
[7:45] More than 300,000 New Yorkers have bailed from the Big Apple in the last eight months.
[10:00] The number of shootings up through November 8th is up 94% over last year.
[14:00] Let's talk about the election!
[15:00] Is the US facing a veritable cultural revolution, similar to that of China 1966-1976?
[17:00] If you own property in big cities, expect real estate taxes to rise even further.
[18:30] "The dollar will be like toilet paper."
[26:00] Why Trump or Biden?
[28:15] Nobody wants to see the US break up on his watch.
Mon, 16 November 2020
Jason Hartman asks of you to ponder the Doug Casey quote, the thought of how far the human race would have advanced without government simply staggers the imagination." Where would we be if we weren't held back by the powers that be? Has the median home price risen too fast? How will this correct itself?
Jason Hartman speaks with returning guest, Doug Casey of Casey Research. The often controversial author of many books including, The International Man, is asked about what he expects after this election. Casey shares views on anarchism, the civil, non-violent version, as well as the reasons he intends to leave Aspen, Colorado.
Charlotte Market Profile Webinar: www.JasonHartman.com/Charlotte
[3:00] "The thought of how far the human race would have advanced without government simply staggers the imagination." Doug Casey
[5:00] The bigger the government, the smaller the citizen.
[11:45] The prelude to the investment strength matrix.
[14:40] Lawrence Yun of NAR says that median home prices are rising much too fast!!!
[18:30] The random lengths weekly report of the lumber business says that framing lumber prices climbed further into record territory.
[20:45] You've heard it here before, you'll hear it again..more people are migrating from NYC to Florida.
[23:30] Besides the sunshine, reason number one for moving to Florida; no state income tax.
[24:45] Want to save money on taxes, among other things? Go to jasonhartman.com/protect
[26:30] The "left" has the voice.
[27:00] Aspen, Colorado, is being inundated with wealthy people from NY and California - the perfect time to bail.
[29:30] Casey breaks down the differences between civil war, coup, and a secession movement.
[32:45] What's the civil side of anarchism?
[35:20] Thoughts on privatized prisons?
Fri, 13 November 2020
1594 FBF: Importing Deflation & Globalization with Joel Naroff Author of ‘Big Picture Economics: How to Navigate the New Global Economy’
This episode of Flashback Friday was originally published on: July 28, 2014
Joel Naroff is the Founder, President & Chief Economist with Naroff Economic Advisors and a member of the Newsmax Financial Braintrust Alliance. He’s also the author of, “Big Picture Economics: How to Navigate the New Global Economy.”
Naroff gives his take on the economic recovery and when he expects inflation to hit, if at all. He also discusses the effects tax cuts have on the economy.
Naroff then talks about international economic hotspots and where people should produce and sell in our global economy. He thinks certain international events can ripple through the economy and ultimately affect workers in the Midwest.
(2:27) Little Rock Creating Wealth in Today’s Economy Boot Camp and property tour, and other announcements
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment.
A nationally recognized economic forecasting expert, Joel has received numerous honors. In 2011, he received the National Association for Business Economics Outlook Award as the top economic forecaster. NABE is the premier professional association for business economists. He also received the award in 2007. In 2008, he was awarded the Lawrence Klein Award for Blue Chip forecasting excellence. This is one of the oldest and most prestigious forecasting honors. Joel was the Bloomberg Business News top economic forecaster in 2008. In 2006, he was MSNBC’s top forecaster.
Joel received his bachelor degrees in economics and chemistry from the Stony Brook University and his Ph.D. in economics from Brown University. He is a member of the Board of Directors of the Economy League of Greater Philadelphia, teaches at the Central Atlantic Advanced School of Banking, is a past chairman of the American Bankers Association’s Economic Advisory Committee and is a past president of the Philadelphia Council of Business Economists.
Thu, 12 November 2020
Jason Hartman shares his views on migration trends, supply/demand shock, and the pricing power that landlords hold right now. The millennials are a different generation with different renting versus buying trends. This opens up more opportunities for investors.
Jason Hartman talks with author, Ken Van Liew, to find out what has changed in wealth building in modern times. Ken and Jason talk about investment opportunities away from high-density cities. They also discuss a few commercial real estate sectors, including converting commercial to residential, what might come of malls, and growth in the need for self-storage.
Ask your investment counselor about our new market!
[2:00] What state is leading in-migration?
[5:00] Jason explains how we are currently experiencing supply/demand shock.
[6:30] Landlords have pricing power right now.
[10:30] Who owns most of the 16million single-family rental homes in the US?
[11:45] Every market of 63 saw an increase in rents.
[18:00] Recommendations: 1984, Fahrenheit 451, and The Unbearable Lightness of Being
Ken Van Lieu
[21:45] What’s different about ‘modern wealth building’?
[26:30] To Ken, what are your thoughts on the shift of Americans away from high-density cities?
[28:30] What commercial property can convert to residential?
[33:30] What are we going to do with malls?
[35:45] How will self-storage fair?
Wed, 11 November 2020
Investors, how does it feel to be in the right asset class and the right sector? Jason Hartman invites you to join him in a sigh of relief that the ‘boring, single-family homes’ continue to outperform!
James Barrett discusses REI Software Tenant Turner to give you the upper hand on managing your properties remotely. With the power of this kind of technology, you can turn tenants faster, more efficiently, and with an extensive ability for filter customizations.
Thursday - November 12
Sunday - November 15
[1:15] Investors, let’s all take a sigh of relief - in it to win it.
[6:25] Quoting articles, “world currencies gain against US dollar after Biden win.”
[11:35] Houses are selling more than two weeks faster compared to the same time last year.
[15:30] With the power of technology and automation, property owners and investors in real estate can manage their properties without having to be there physically.
[18:00] “You can configure the application till your heart is content,” referring to the filters for tenants that will fit your property, from move-in date to pets, etc.
[23:00] Barrett explains how the tech works for landlords and tenants.
[25:45] What kind of safeguards are in play?
[27:15] What kind of lockboxes do you use?
Tue, 10 November 2020
Jason Hartman is joined by Richard Cupelli, founder of GoSection8.com, and is here to tell you if section 8 housing is the right decision for your investment. Richard breaks down how section 8 housing works for the landlord and the tenant and informs those beyond their preconceived fear. Richard shares info from inspections to rent expectations to help you figure out if your investment is right for section 8.
Thursday - November 12
Sunday - November 15
[2:00] Almost politics-free: crony capitalism and fascism.
[5:45] The EU is now prosecuting amazon.com with new anti-trust probes and charges.
[8:30] The US is facing the most severe housing crisis in history? Says who…
Richard Cupelli, Founder of GoSection8.com
[14:00] GoSection8.com is a listing service a lot like Zillow
[17:00] What are the pros/cons of government-assisted tenants?
[19:20] What’s the difference between government assistance and rent insurance?
[22:45] To what extent are the inspections unnecessarily burdensome?
[25:30] What types of properties qualify for section 8 housing?
Mon, 9 November 2020
Dr. Steve Turley joins Jason Hartman on this 10th episode special to discuss voter fraud, media bias, and fact-checking. Who are the so-called ‘fact-checkers’ of social media? Jason and Steve take live questions from listeners in this livestream episode that you can be a part of next time by subscribing to our YouTube channel and clicking on the notification bell.
[2:30] From a Bloomberg article, Jason comments on the amount of options renters have in Manhattan.
[10:10] What happens if the urban core is highly renovated?
[15:20] “I just want to know who actually won the election.”
[22:00] It’s not will Trump or Biden win; it’s will democratic voters win?
[27:30] The judges don’t make the law; they interpret the law.
[29:20] What’s the Stockade Principle?
[31:22] “Great companies never lose confidence that we’re gonna get through this..”
[36:00] Discussing Watermark QFS ballots.
[39:00] We are moving into a network society as opposed to a mass society.
[45:20] Liberalism is excellent if you can afford it.
[51:00] 71 million Americans have turned off major news networks.
[59:00] “Trumpism won”
Fri, 6 November 2020
1589 FBF: Crash of the Titans: Greed, Hubris and The Fall of Merrill Lynch and the Near Collapse of Bank of America with Author Greg Farrell
This episode of Flashback Friday was originally published on: May 1, 2012
Jason Hartman is joined on this episode by Greg Farrell, author of Crash of the Titans: Greed, Hubris, The Fall of Merrill Lynch, and the Near Collapse of Bank of America, for a discussion of the economic crash and the resulting bailouts, as well as some of the inside dealings with some of the major banks, such as the buyouts by Bank of America.
Greg explains how these banks that participated in the buyouts grossly underestimated the depth of problems in their own banks and in those they acquired. Greg relates his research on Merrill Lynch’s attempt in the 1980s to become more like Goldman Sachs and other Wall Street banks, which was to their detriment because they lacked the expertise for such business practices, and became involved in and in the middle of many of the scandals of the late ‘80s and early ‘90s. Like CitiGroup, they were in over their head.
Jason and Greg discuss Wall Street in general and then specific financial groups regarding the recklessness and risky businesses, funds, etc, that they entertained to give the impression of higher rates of returns. As the plot unfolded, large bonuses to CEOs and high-producing brokers came into play, which encouraged an all or nothing attitude toward the company and fostered a “me” attitude versus long-term stability of the company. Greg also talks about what he calls the “Charlotte Mafia,” the clash of company cultures.
Greg Farrell is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo.
Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.
Thu, 5 November 2020
Jason Hartman and Adam continue discussing the fear of a housing bubble and how to be a real estate permabull. This part two begins with housing stats, how to understand the US median price, and why you can’t always trust what you read. This is especially true if you are investing in Hartman advised linear markets instead of cyclical markets in high-density areas. As well, these two discuss staple moves to make on your way to building a real estate portfolio.
[3:10] The Covid Recession continues to affect multi-family housing.
[9:40] Adam shares some stats in housing price changes from 2008-2011 (cyclical market index reports)
[12:45] Adam shares how to be a real estate permabull and have it make sense.
[18:30] In an inflationary environment, the best asset class is income-producing property.
[21:00] Almost everybody buys a house based on the payment, not the price.
[31:00] Your journey to a rental property portfolio is one door at a time.
[38:00] Check out this free webinar: jasonhartman.com/protect
[39:45] HELOC v. Cash-out Refi, which should I do right now?
Wed, 4 November 2020
Jason Hartman shares a sigh of relief; no matter who wins the presidential election, there is always a strategy in real estate, the most favorable asset-class in the world. Adam joins the show for a short, jovial debate on election fraud and the election. But Jason and Adam offer you a break from politics to discuss many concerns of a housing bubble and how this could be misinterpreted.
[4:00] No matter who wins the presidential election, there is always a real estate strategy.
[9:00] Will we see another republican when the popular vote?
[10:45] Before we talk about investment property, let's discuss the 2020 election update.
[13:10] What do you think about voter fraud as a possibility?
[21:30] Is there a possible housing bubble?
[25:20] 75% of the Case-Shiller Index is based on cyclical markets, a gross misrepresentation of the complex US housing markets.
[28:45] Are we just a bunch of PermaBulls?
[31:00] Market timing is a fool's game.
Tue, 3 November 2020
Jason Hartman talks about the 2020 presidential election just a few hours before the polls close. Who knows when we will see a final tally of the votes, but here are few things to consider in the last couple of hours.
John Truman Wolfe joins Jason Hartman again to continue discussing the most crucial election in U.S. History. John also defines Bank Bail-Ins and what the U.S. can expect from it. As well, John answers the question, is lithium the new oil?
[1:45] Who knows what will happen with this election, and when it will happen?
[3:00] Why do California initiatives matter to me?
[5:30] Thank the heavens for the balance of power.
[8:00] From 1987, What did Johnny Carson have to say about Biden?
[10:00] Let's discuss winning margins from past elections.
[14:00] "The bigger the government, the smaller the citizen." Speaking on the crowding out concept.
[18:30] Have newspapers given out presidential endorsements?
[21:45] Steve Hilton talking about the Trump presidency.
[32:20] Republican satisfaction has been rising prior to the election. The independents are flatlined, and the democrats are down.
[1:00] What are the differences between a Trump/Biden reelection? From Bill O'Reilly.
[3:00] A Biden election could give Puerto Rico and Washington D.C. statehood, adding four new senators, likely democrats.
[6:15] O'Reilly on Dems adding justices.
[12:00] Jason and John discuss the migration patterns in the U.S.
[18:45] There is no justice about social justice.
[25:35] What's going on with lithium batteries and electricity? Is lithium the new oil?
[26:50] What is a bail-in, and why is it a possibility?
[31:20] The interesting thing about; the thing about a thing (derivatives).
Mon, 2 November 2020
We’re getting political! Jason Hartman talks about the POTUS election with John Truman Wolfe in part one of this two part interview. This election has some significant weight on what we will see with the Republican Party for the next couple of decades. How has the media shaped our view of the President of the United States? Do Google and/or Facebook have major CIA connections?
[2:00] Battery Technology and Lithium Demand
[4:00] If Trump isn’t re-elected, could he be the last Republican President?
John Truman Wolfe
[7:15] Who is going to be the next POTUS, and who will control the Senate?
[11:50] How has the media shaped our view of whoever is holding office?
[17:15] Google and Facebook….CIA connections?
[18:15] Are we stuck in a place of negative or artificial interest rates?
[26:25] Biden: Crony Capitalism
Fri, 30 October 2020
1584 FBF: Wealth Creation & Asset Protection with Garrett Sutton Attorney & ‘Rich Dad Advisor’ to Author Robert Kiyosaki
This episode of Flashback Friday was originally published: Apr 11, 2014
A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.
Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.
Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.
Thu, 29 October 2020
Setup Jason Hartman Minutes, Flash Briefing on Amazon Alexa. Jason Hartman discusses the consistent qualities of investment property. He reiterates the lessons known from IDEAL as well as qualifying its self-liquidating development.
Jason interviews client, James Castelle. James purchased his first investment property within two years of his initial listen to the Creating Wealth Real Estate Investing podcast. James shares his story shifting from the typical stock-market investment to property investment and why he favors it. The quick lesson, inflation-induced debt destruction, is king!
[3:45] Jason Hartman is on Amazon Alexa:
[4:30] Alexa Flash Briefing Jason Hartman on ROI
[10:00] Income property is beautifully consistent. What was true 12 years ago is still true today!
[12:00] Income property is self-liquidating. It pays itself off.
[13:30] Not all ROI is created equally.
[17:30] Jason on the tragic knife attacks in France.
James Castelle 24:00
[26:00] The stock market v. real estate.
[29:00] Why did you choose the Gadsden, Alabama market?
[31:00] The benefits of inflation making a house payment seem cheap over time.
[34:30] After your first investment property, what are your plans?
Wed, 28 October 2020
1582: Getting America Back to Work, The Capitalist Comeback by Andrew Puzder, CEO of CKE Restaurants Hardee's & Carl's Jr
Even in the UK, investors and homeowners are looking to live away from the dense city. Jason Hartman shares a brief update on where people want to live, when they want to move, and the uncertainty of selling their home in the next three years.
Jason Hartman talks with Former CEO of CKE Restaurants, Carl's Jr and Hardee's, and former nominee for Secretary of Labor under President Trump. He is also the author of Job Creation: How It Really Works and Why Government Doesn't Understand It and The Capitalist Comeback: The Trump Boom and the Left's Plot to Stop It. Andrew and Jason discuss whether the solution to the coronavirus pandemic is more significant than the problem and where the help stops helping. As well, they discuss the regulation challenges with business.
[1:00] Let's talk about the country that recently gained its independence.
[4:30] Our thoughts out to those affected by the California wildfires.
[9:30] About a third of homeowners are considering selling in the next three years.
[17:45] Is the pandemic an opportunity to "remake America?"
[20:20] Is the solution bigger than the problem?
[24:30] Andrew explains why he moved his company from Southern California to Tennessee.
[27:30] "It was easier to build and open a new restaurant in Novosibirsk, Siberia, or Shanghai, China than it was to open a restaurant in Los Angeles. "AP
[34:00] People should focus on where they want this economy to go.
Tue, 27 October 2020
4 in 10 Americans want to buy a house because of the pandemic. Jason Hartman talks about what corporations are relocating their headquarters to places in which you have already invested. Vote with your feet.
Jason Hartman talks to Casey Mulligan, a professor of economics at the University of Chicago, former chief economist for the Council of Economic Advisers in the Trump administration. He is also the author of the best-selling book The Redistribution Recession: How Labor Market Distortions Contracted the Economy and the new book You're Hired!: Untold Successes and Failures of a Populist President.
[4:00] Los Angeles is planning to close properties for the budget gap.
[6:00] Gulfstream and Charles Schwab are both relocating.
[9:30] Move as much as you can to places that are friendly to your environment as a landlord. Vote with your feet.
[14:00] The advantage of Twitter for Presidents is that they can bypass the press and speak directly to the people.
[18:45] Discussing the individual mandate.
[20:45] Can we classify Trump as a conservative?
[22:15] Let's discuss trade.
[26:35] Regulatory budget, something most countries have not done before.
[32:00] The polls aren't the same as voting.
[33:00] America will never be a socialist country.
Direct download: CW_1581_The_Redistribution_Recession__Youre_Hired_Populist_President_by_Casey_Mulligan.mp3
Category:general -- posted at: 5:00pm EDT
Mon, 26 October 2020
1580: The Iron Triangle, Liberal Democrats Use Race to Divide America in their Quest for Power by Vince Ellison
Jason Hartman speaks on the suburban boom confirmed by globest.com. Three to five markets is the diversity that you should strive for as an investor.
Vince Ellison joins Jason Hartman to discuss his book, dubbed one of the most important books since 1619. Vince shares how the democratic party has made black Americans dependent on government and discouraged them from being dependent on God. Vince further defines The Iron Triangle and its role. Vince also discusses the infiltration of communism and Marxism in the black church.
Election Night LiveStream
[3:20] One week until election time, keep voting the lesser of two evils.
[8:45] What is going on with commercial real estate nowadays?
[12:00] Don’t over diversify or under diversify; 3-5 markets is a great sweet spot.
[16:45] You are positioned very well for the suburban market boom!
[26:30] If you want to control a segment of the population, you make them dependent.
[29:10] Has welfare further perpetuated some problems?
[33:25] What are the three sides of The Iron Triangle?
[34:00] Vince speaks on communism and Marxism, infiltrating the black church.
[37:15] “How can you pull yourself up by your bootstraps when you don’t have boots?” Ellison reiterates M.L.K. Jr.
Fri, 23 October 2020
1579 FBF: Income Property Management & Tenant Self-Sufficiency with Jason’s Mom + Scott Shellady SVP of Derivatives for the Trean Group
This episode of Flashback Friday was originally published: Feb 24, 2014
Returning for an encore interview in episode #363 of The Creating Wealth Show is Jason Hartman's Mom. From the friendly environs of her newly completed McMansion in lower Alabama, the talk turns to fostering an ownership mentality with tenants.Whether you self-manage or go the property management route, this is a critical concept to understand. In short, the trick is to get your tenant thinking of the property as his/her house and to take pride in ownership. In nuts and bolts terms, it's the difference between getting a call at midnight asking to have a light bulb changed or having the tenant in the mindset to do it themselves.
When it comes to tenant self-sufficiency, you might find it difficult to beat one of Mom's tenants. This incredible guy has rented the same place for 25 years. Present and future landlords looking for income property investing success should take this case study to heart. He spent $1,400 to seed the lawn. $3,000 to build a brick wall on one side of the property. And when the hot water heater goes out, he's willing to install it himself. This tenant has the ownership mentality down to a science.
The second half of the show features guest Scott Shellady, Senior Vice-President of Derivatives of the Trean Group. Wait! Don't click away. Too many people think they can't understand derivatives, and we're here to prove you wrong. Listen to Scott break the idea down into layman's terms. You may not want to invest in them but you need to understand what they are and how they fit into the greater financial world scheme.
Mr. Shellady also devotes time talking about the reality of retirement for Generation X in today's goofy financial climate. It's too risky to divide your portfolio into an even 50% split into stocks and bonds, so what do you do?
In This Episode:
* Jason and Scott exchange dueling definitions of derivatives. Is it like trading insurance or "the thing about the thing?"
Thu, 22 October 2020
Jason Hartman’s Real Estate Update, Flash Briefing, on ALEXA. Everything has changed except Real Estate Investment Fundamentals. The popular RE selling season has shifted this year, and currently, homes are selling incredibly fast. Jason Hartman talks about some areas surrounding the popular family home that might change in the future.
Jason and Adam share the Memphis 3.0 plan (pre-pandemic); how might this benefit you, the investor? They also read through a Pro-Forma sharing all of the details of a Memphis property, with tutorials for those that are new to the show.
[4:00] We’re on ALEXA, Jason Hartman’s Real Estate Update Flash Briefing
[7:30] We’re all aging, but multi-generational living is becoming more popular in America.
[13:30] Due to coronavirus, the typical spring RE selling season has shifted.
[16:00] U.S. homes are selling incredibly fast.
Investment Counselor Adam
[26:00] Memphis 3.0 Plan (build-up)
[29:20] Does the Hartman network have referrals for financing?
[33:30] Getting ready to buy a house? Season your money.
[35:30] How to Read through a Pro-forma from a Memphis property.
Wed, 21 October 2020
Jason Hartman, will this show be censored or not? What company is monopolizing web traffic? 'Google It.' Jason talks about digital-currency. Will the winning crypto be bitcoin or something backed by the Fed?
Investment counselor, Adam, joins the show today for the first of two parts on bullish invitation homes. Will the individual investor have a chance against hedge funds? Let's talk about Memphis; it's not too late.
[1:15] Election Night Coverage: LiveStream - Jason Hartman
[2:10] What happened if one company controlled almost all of the world's access to information?
[4:30] The astounding numbers of web search traffic belong to what company? 'Google it'
[8:45] How much is it worth to them to defend the case?
[14:45] The digital dollar is coming.
Investment Counselor Adam
[18:22] Invitation homes, institutional investors, and their incredible bullishness on the real estate market.
[18:40] Income Property is I.D.E.A.L. Income, depreciation, equity growth, appreciation, and leverage.
[23:15] Hedge funds are not only taking inventory, but they are keeping inventory from us.
[23:30] Embrace the fragmentation.
[27:00] The bigger investment institutions are taking an interest in more of the linear and hybrid markets, competition for the mom and pop investor.
[30:30] Let's talk about Memphis. Is it over-bought?
[35:45] Tenant turn in 11 days! Mid-pandemic, in Memphis, TN
[37:15] No new inventory creation at one of the most desired rental ranges.
Tue, 20 October 2020
1576: 62.6% Income Tax, Rapper '50 Cent' Supports Trump, Continued Migration, Foreclosure or Opportunity, Rick Sharga
What percentage of your salary is going to taxes? Jason Hartman shares staggering stats on income tax across the US. And the migration out of high-priced, cyclical markets continues.
Rick Sharga returns to the show to distinguish between foreclosures and opportunities. Will the 3 million forbearance cases end up in foreclosure? Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market.
[1:15] Would you like to work for the government for 228.5 days per year?
[6:00] The mass migration continues.
[7:45] Check out this ad from a Baltimore politician.
[11:45] Speaking of migration, Uhaul prices' paint a clear picture of where people are going.
[18:00] Rick distinguishes between foreclosures and opportunities.
[24:00] Will 3 million in forbearance programs end up in foreclosures?
[27:00] What happens when all of these loans come out of forbearance?
[32:45] Discussing California's new law that the institutional buyer cannot buy foreclosures.
[34:45] We already see a higher number of commercial foreclosure properties popping up.
[36:00] Rick breaks down his expectations for each sector of the commercial real estate environment.
[39:30] One of the most significant shortages in housing is in the low price tiers. Here's why.
Mon, 19 October 2020
FICO scores have hit a record high, but is a perfect FICO score the best situation? Jason Hartman discusses FICO scores along with vacancy rates. What looks the best may not be the best.
Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying?
[1:25] You are assisting with a fundamental economic concept called price discovery.
[3:00] FICO scores hitting a record high?
[5:00] Do you want a perfect credit score or an ideal vacancy rate?
[12:30] Let's compare rent decreases of two-bedroom units.
[16:50] Number of homes on the market is down 39%.
[18:00] Everyone is asking, "is Covid going to cause a housing crash?"
[19:00] Covid has not slowed down the housing market even a little bit.
[20:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership.
[28:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation.
Fri, 16 October 2020
1574 FBF: Single Family Residential Property Investing with Jason Hartman and Kerry Lutz of the Financial Survival Network
This episode of Flashback Friday was originally published: February 20, 2014
The tables have been turned on Jason Hartman during Episode #362 of The Creating Wealth Show. Normally Jason asks the questions, but today, host Kerry Lutz of the Financial Survival Network sets the agenda. What transpires is a nuts and bolts crash course in the exact reasons single family residential properties are Jason's preferred form of investing, bar none. Better than the stock market or gold by a long shot, and safer than apartment complexes or commercial properties. If you have an interest in a better understanding of the kind of investing that creates actual wealth for the long term, don't skip this show.
About Kerry Lutz
Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school's library. After graduating from The New York Law School, he became an attorney and life-long serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company.
In This Episode, Jason Addresses:
Don't miss Jason's monologue, which leads off this episode. He discusses the recent merger of eLance and oDesk, the scam of life insurance as an investment,why college no longer makes financial sense, and what Steve Jobs told President Obama about creating more jobs.
Thu, 15 October 2020
1573: Affordable New Homes Shortage Drives Inflation, Senior Fellow at Consumer Federation of America Barry Zigas, Part 2
Americans are in the entrepreneurial spirit. Jason Hartman shares his daily economic update, including figures from the IMF of advanced and emerging economies in 2020, moving to 2021. As well, gold, what’s the standard?
Barry Zigas joins Jason Hartman to discuss student loans compared to home loans. Is this similar to a problem we’ve seen in the recent past? How does the shortage of affordable new homes drive inflation?
[1:45] Americans are starting new businesses at the fastest pace in a decade.
[6:00] Get the government out of the way and allow for creative destruction.
[12:00] IMF says that advanced economies are down 5.8% in 2020, but where will it go next year?
[17:00] How does gold influence inflation?
Barry Zigas - Part 2
[21:00] Student loans compared to home loans, is this a perpetual problem?
[24:00] There’s a tremendous shortage of affordable new homes to buy, which is part of what’s driving inflation.
[27:20] San Francisco, what caused its high prices throughout history, and will that change from COVID-19?
[34:00] COVID-19 has employment implications, which will translate to housing implications.
Wed, 14 October 2020
1572: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas
Jason Hartman speaks to fans of futurists, are predictions from The Fourth Coming coming to fruition? As a prelude to October 17th, the PandemicInvesting.com event, Jason shares the quick list of six tsunamis that are changing the housing market.
Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates.
[3:45] The predictions from The Fourth Coming are coming true right now.
[5:00] Jason shares the six tsunamis that are changing the housing market.
[6:45] Rent is plunging in high-priced US cities and tech-hubs.
[9:30] What’s a mega-wealth transfer?
[17:00] Fannie Mae and Freddie Mac were both created by acts of congress.
[20:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership?
[22:20] Let’s talk about global home ownership comparisons.
[27:00] What factors contribute to homeownership rates?
[28:15] There’s still discrimination in the mortgage markets.
[30:30] Redlining is a term defined as a percentage of non-white people living in a community.
[32:45] How much of the community reinvestment act is to blame for the great recession?
Tue, 13 October 2020
Join us Saturday, October 17th @ 8/11 am PT/ET PandemicInvesting.com
GlobeSt.com finally concurs with Jason Hartman; people are leaving high-density areas.
Clear some confusion about tax strategy, and gain some added tricks of the trade by listening to this interview. Jason Hartman talks with Amanda Han and Matthew MacFarland, authors of Advanced Tax Strategies for Savvy Investors. Tax laws can change every year, so it’s crucial to take advantage of them as soon as you can. Learn what most investors forget to do for some of the best write-offs.
[1:30] Yes, yes. We said it first, people are leaving high-density areas!
[8:30] Excited to have advanced tax strategy with a focus on RE
[9:00] Will we lose the 1031-Exchange with Biden in office?
[14:10] Many RE investment property owners overpay on taxes because they do not view themselves as a business when it comes to their taxes.
[19:40] How do I take more deprecation sooner than later, with a cost segregation study?
[26:20] How do you prepare to take unlimited deductions, regardless of income - by qualifying as a real estate professional?
Mon, 12 October 2020
1570: Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster by Robert Spencer
Is buying a home in the US dead because of COVID-19? Will the US become a renter nation? Regarding wealth, how far behind are millennials from the boomers?
Jason Hartman is joined today by Robert Spencer, author of Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster. This book is a non-partisan analysis of the US President's performance in office. Jason and Robert discuss sociological changes in the US and harsh rhetoric from either party. Will the US re-elect Trump, if so, will he be the last Republican President?
Saturday, October 17: 11 am-5 pm EST (happy-hour following)
[4:00] the US will become a renter nation.
[6:45] Is buying a home in the US dead in 2020?
[8:30] Millennials way behind Boomers in amassing wealth.
[12:40] This is not a republican or democratic book; this book is America First!
[15:00] Are the left "for the people" or for big government?
[20:00] "With the truth about history, we can reclaim the public discourse." -Spencer
[26:20] If Trump wins reelection, where will the US be in 4 years?
[28:25] Will Trump be the last Republican President?
[32:00] Rating US Presidents, example: Woodrow Wilson.
[35:00] One of the recipes for being a good US President is…?
Fri, 9 October 2020
1569 FBF: Economic Trends & Income Property Investing with Karl Denninger Founder of ‘The Market Ticker’ Blog
This episode of Flashback Friday was originally published: September 18, 2013
Karl Denninger is a technology expert and businessman, finance blogger, political activist and is sometimes referred to as a founding member of the Tea Party movement. Denninger was also the founder and CEO of MCSNet in Chicago.
Denninger is a founding contributor to the libertarian-oriented finance blog The Market Ticker, found at http://market-ticker.org. He uses his blog to levy harsh criticism of the criminal element who are wrecking the global financial system. In the aftermath of the March 2008 collapse of Bear Stearns, he founded the website Fed Up USA. He came to national attention for the criticisms of the Emergency Economic Stabilization Act of 2008 which he posted on Fed Up USA in September that year. Of special concern to Denninger was the over-the-counter trading of credit default swaps, as well as the high leverage of financial institutions; his objections to the bailout plan stemmed from the fact that it did not address either of these issues. He has also spoken out against high-frequency trading, particularly in the aftermath of the 2010 Flash Crash.
As a publicly outspoken and early member of the Tea Party movement, Denninger is sometimes referred to as a founder. On January the day of President Obama's first inauguration, he published a blog post calling on readers to mail tea bags to the White House and Congress on February 1st, echoing a suggestion by a commenter on one of his earlier blog posts. However, Denninger later expressed concern with the Tea Party movement, specifically that establishment Republicans had hijacked it and perverted its original goals.
Thu, 8 October 2020
Jason Hartman talks with client Bruce Weyer. A few months back, Bruce sent in a lumber market update, sharing staggering numbers that his long-time lumber family business has never seen before. Bruce joins the show today to give an update on pandemic pricing for lumber. He also shares his story from the west coast movie business, back to the family lumber business, and how he started investing in duplexes, quadplexes, and what his strategy is going forward.
[3:00] From the West Coast movie business to Florida Construction Business.
[8:00] Lumber Market Update: What does this do to new homes?
[12:00] Regression to Replacement Cost
[13:00] Where are lumber prices headed at this time?
[17:00] Client case study; duplex, quadplex, or single-family home strategy.
[24:00] The advantages of putting down as little as possible, or putting the extra 5% down?
Wed, 7 October 2020
Jason Hartman shares today's staggering numbers from commercial real estate loans to office space for lease. Will we see more corporations move to the hub and spoke office model so that employees can move to less densely populated suburban areas?
Rick Sanchez of RT News joins Jason Hartman as they discuss where has the real news gone and what can influence can do to a news station? Rick asks Jason about necessity housing and the future of real estate post-pandemic.
[2:15] WSJ: 3.87 Billion, the value of the securitized commercial real estate loans in foreclosure last month.
[3:30] At the end of the day, everybody needs a place to live.
[4:20] 100,000 sq ft of office to sublease that Twitter is now putting on the market.
[6:45] 50% of Times Square office employees have not been brought back to the office since the pandemic started.
[9:00] Are things getting better or worse, regarding COVID-19?
[15:00] Necessity housing is fine, as for the others…
[20:00] In a down economy, there may be more renters than buyers.
[22:00] Buyer v. Renter positions.
[27:40] "I learned the principles of advertising." - Rick
[31:00] As an investor, Rick Sanchez has embraced the American Dream.
[33:45] Can we trust any mainstream media to share all of the news accurately?
[42:00] Influence; who's buying who?
Download the Portable TV App: Rick Sanchez
Direct download: CW_1567_Rick_Sanchez_RT_America_Lets_Do_Real_News.mp3
Category:general -- posted at: 5:00pm EDT
Tue, 6 October 2020
Jason Hartman talks with Sean O’Toole to continue this two-part series discussing Property Radar and the data they’ve uncovered. Where does inflation go? Are we, the U.S.A., more susceptible to the boom or bust outcome because we are the reserve currency of the world? What is iBuyer, and is it any good?
[3:30] Is this a black swan or a white swan event? (2016)
[8:00] The inflation always goes to asset price inflation versus consumer inflation.
[10:00] Does the U.S. being the reserve currency of the world make us more “boom and bust?”
[11:00] Is modern monetary theory, MMT, a fantasy?
[16:45] What is Property Radar researching?
[21:00] What is iBuyer?
Mon, 5 October 2020
1565: Warren Buffett's House, Leaving San Francisco, Space X, Property Radar & Foreclosure Radar, Sean O'Toole
Jason Hartman compares real estate performance with the S&P 500 Index. What's the difference between inflation, house prices, and the stock market? Have you booked your space flight yet?
Sean O'Toole joins Jason Hartman today to discuss the next foreclosure crisis? Will it happen, or where will it happen? Sean O'Toole shares his thoughts on the re-ruralization of America.
[3:45] Does real estate underperform the S&P500?
[5:40] What's the difference between inflation, house prices, and the stock market?
[10:00] What does it mean if real estate outperforms inflation?
[15:10] Understanding the three dimensions of real estate.
[18:50] What's going on with the commercial space program?
[25:30] Sean O'Toole
[26:30] Sean O'Toole, founder of Property Radar
[28:30] We're not expecting a foreclosure crisis as we saw in the recession.
[31:30] "I don't think we'll get back to that price drop. Price drops require a motivated seller."
[34:10] Is this the re-ruralization of America?
Direct download: 1565__Warren_Buffetts_House_Leaving_San_Francisco_Space_X_Property_Radar__Foreclosure_Radar_Sean_OToole.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 2 October 2020
1564 FBF: Retirement Investing with Dennis Miller Author of ‘Retirement Reboot’ and RetireMentors Columnist for MarketWatch
Flashback Friday Original Publishing Date: June 29, 2013
Dennis Miller is the author of a book called Retirement Reboot and the only retired RetireMentor columnist on Marketwatch. Jason Hartman interviews Dennis about his experiences and research on retirees and investing. Dennis is also the author of the weekly newsletter Millers Money which has over 150,000 subscribers. Dennis surveyed his readers about how much inflation is a reality in their lives. Over 3,000 people responded and the results were staggering. The reality is that retirees living off a fixed income know EXACTLY how much the price of basic necessities have gone up. They can not only tell you exactly how much the price went up, they can tell you how much the packaging has downsized and how the quality has diminished. Dennis has tapped into the real fear faced by retirees. These three columns that came out of the results really sum up how the government inflation numbers are not a true reflection of how retirees live their lives which is why they seem to be feeling inflation to a greater extent.
• Only 1.6% thought inflation was 1 – 2%
• 14.2% of readers thought inflation was 3 – 5% for them
• 34.9% thought inflation was 6 – 8% for them
• 25.7% thought inflation was 9 – 10% for them
• 23.6% thought inflation was over 11% for them
For more details, visit www.JasonHartman.com.
Direct download: CW_1564_FBF__Retirement_Investing_with_Dennis_Miller_Author_of_Retirement_Reboot_and_RetireMentors_Columnist_for_MarketWatch.mp3
Category:general -- posted at: 4:00pm EDT
Thu, 1 October 2020
Jason Hartman shares some facts and figures as a prelude to pandemicinvesting.com before interviewing Ari Rastegar of Rastegar Property. Find out why we are living in a time of cheap housing and compared to what or when.
Ari Rastegar, the founder of Rastegar Property Company, joins Jason Hartman today to share his insights on investing in many sectors, with a particular emphasis on multi-family housing. Will retail and commercial suffer indefinitely, or will this all pass? If you put in the work, 2020 is an incredible opportunity to invest.
[1:45] 1.3 million, the number of existing homes for sale at the end of July 2020.
[3:40] The famous Chicago hotel, The Palmer House, worth substantially less.
[5:45] Right now, housing is cheap, thanks to Jerome Powell.
[9:00] Let’s compare median home prices and interest rates from 1976 to today.
[12:15] Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected.
[15:45] In the single-family space, we’re seeing a surging of home prices.
[29:00] In regards to shadow-demand, the majority of US young adults live with their parents.
[23:10] California and New York are the ‘land of the flee,’ and Texas is the ‘land of the free.’
[26:00] Q2 sales of Manhattan apartments down by 54%
[30:20] Risk controls in the sub-prime market have been put into place to protect the residential side of recession effects.
[31:00] Retail and commercial will suffer longer.
[32:15] Ari believes that work-from-home is entirely unsustainable.
[37:10] “People are going to miss opportunity because opportunity shows up in overalls.” -Edison
Wed, 30 September 2020
Jason asks Lynette what she recommends that we should do to protect ourselves? Lynette expresses her confidence in gold and why this is one of the three central pillars of dynastic wealth. As well, Jason and Lynette discuss inflation, the how and why of its existence, and how it’s controlled.
[1:30] Looking at GDP stats from the worst quarter, how bad is it?
[3:00] Let’s get political.
[9:00] Dennis Waitley quote, “Winners constantly think in terms of I can..”
[11:00] What gets rewarded, gets repeated.
[15:30] What should we be doing to protect ourselves?
[16:10] Dynastic wealth is real estate, rare metals, and gold money.
[18:40] Gold acts as wealth storage, holding its value over time.
[19:55] Inflation is an invisible way for the government to tax you more.
[21:40] Real estate inside of a reset faces two issues.
[24:30] There is almost no such thing as a free and clear property?
[30:30] How do negative interest rates work/exist?
[38:40] What does it mean when the LIBOR goes away?
Tue, 29 September 2020
1561: Nominal Confusion, FedNow, Capital Formation, Lynette Zang, Chief Market Analyst at ITM Trading
Jason Hartman interviews Lynette Zang, Chief Market Analyst at ITM Trading, about everything monetary policy. Opening with one of Lynette’s favorite charts shared from the FRED, Federal Reserve Education Department, Lynette, and Jason guide us through a discussion to clear up nominal confusion. Zang shares recent developments with FedNow and how this will affect the individual.
[2:30] Looking at one of Lynette’s favorite charts from the FRED, Federal Reserve Education Department.
[3:45] Fiat literal translation: government decree.
[6:00] Nominal confusion; ‘they’ knew that people do not understand inflation and that they marry the legal money of the state because inflation causes nominal confusion.
[9:00] What is a total financial reset?
[11:10] The FedNow is about you, the individual, having an account directly linked to the Federal Reserve.
[13:45] The basis of wealth is capital formation. You’ve got to save in order to invest.
[19:00] What is Gavi, The Vaccine Alliance?
[27:00] Whenever you hear the term nominal, you must understand that the truth is being hidden.
Mon, 28 September 2020
Robert Rosenthal, Co-President for the Foundation for Inner Peace, joins Jason Hartman today for this tenth episode special. Rosenthal shares his understanding of the ego and how one might interact with it, or believe in interacting with it. He also shares life-changing concepts about forgiveness. Rosenthal also authored, From Never-Mind to Ever-Mind.
[3:20] A Course In Miracles, and we aren't talking about religion here.
[5:30] A course to know yourself.
[8:45] To some extent, we are all seeking security.
[11:14] "There's no such thing as a bucket list in A Course In Miracles."
[18:30] In understanding ego, ex: we never confuse ourselves with our playing piece in a game of monopoly.
[23:00] The ego is intent on its pseudo survival; it's not real, but it thinks it's real, and it needs to convince you that it's real.
[31:30] How and who do we forgive? Do we forgive Hitler?
[33:00] We want to be willing to forgive everything, even if we aren't ready.
[40:00] There is nothing anywhere else ever; the body is a limit.
Sat, 26 September 2020
Zoom Virtual Event: October 17th, 2020
Early Bird Admission: PandemicInvesting.com
Get Instant access to Jason Hartman’s newest report, you'll learn…
Direct download: CW_Special_Announcement__Pandemic_Investing_Summit.mp3
Category:general -- posted at: 10:00am EDT
Fri, 25 September 2020
1559 FBF: Analyzing Trends in the U.S. Real Estate Market with Jed Kolko Chief Economist & VP of Analytics at Trulia
Flashback Friday, Original Release Date: May 7, 2013
Jason Hartman talks with Jed Kolko, chief economist of Trulia, about current trends in buying, selling, and new construction in real estate markets around the country. “We’re seeing the biggest increase in construction on the multi-family side,” Jed shares. He says this is definitely a recovery time in the housing markets, although there are some markets that are investor driven that may not last. One red flag still hovering is the upcoming large foreclosure wave in certain markets around the U.S. Jed also shares where consumers are looking hardest, such as the western part of the country and suburbs. There are some urban neighborhoods experiencing growth, but there is still more population growth and interest in suburban neighborhoods. Jed and Jason also discuss seasonal patterns of buying and selling.
Jed Kolko, Chief Economist and VP of Analytics, oversees Trulia's research programs. Applying a background in economic development and research methods, he transforms real estate data, economic trends, and public policy debate into digestible insights for home buyers, sellers and renters. In Jed's prior role as Associate Director and Research Fellow at the Public Policy Institute of California, he led research projects and advised policymakers and business leaders on economic, housing and technology policies.
Before his work at PPIC, Jed directed Forrester Research's consumer-technology market research, advising corporate executives on technology adoption and demand. Jed has also held positions at the Office of Federal Housing Enterprise Oversight (now FHFA), the World Bank and the Progressive Policy Institute.
Thu, 24 September 2020
Jason Hartman speaks with investment counselor Adam, who brings a few charts to our attention showcasing home prices across the U.S. These charts show median price, and where investable homes are located, the majority being a part of the Southeast U.S. housing boom. This, paired with interest rates, can help identify what is investable and where to put your money. Some fear the foreclosure crisis, but Jason and Adam express the “every deal looks great in the rearview mirror” sentiment. You can invest in your future, or wait to see all the good deals go by.
[2:00] Just because the overall economy shows no signs of inflation does not mean that certain areas are experiencing inflation.
[4:25] To grow anything in life requires delayed gratification.
[5:10] Are there good properties on the market right now? Always
[9:00] Based on home pricing, 90% of the market isn’t investable.
[11:30] If you’re looking for a big foreclosure crisis this time around, you’re not going to find it.
[15:00] People are too focused on the property; it’s a holistic asset.
[20:00] In the rearview mirror, every deal looks fantastic. What are you waiting for?
Wed, 23 September 2020
IDEAL = Income, Depreciation, Equity Growth, Appreciation, and Leverage. Jason Hartman discusses the multi-dimensional asset class that allows you to make money beyond the basic “buy low, sell high” investment plan that others teach.
Jason and investment counselor, Adam, talk about the Southeast Housing Boom, a trend that will likely continue. As well, Texas and Florida seem to be growing at a rate that is outperforming everywhere else in the country. How is this housing boom defying what most think they understand about real estate markets?
[2:10] Why is income property, real estate, the ideal investment?
[3:40] “Buy low, sell high” is just one aspect of income property ROI.
[4:35] IDEAL, Income - Depreciation - Equity Growth - Appreciation - Leverage
[7:30] Adam explains the Southeast Housing boom in comparison to the rest of the US
[8:20] The water theory of money, water seeks its own level.
[11:00] The conspiratorial view of why divorce promotes consumerism.
[15:45] 79% of future housing growth is likely to be in suburbia.
[20:00] As payments go down, affordability goes up - leading ultimately to a supply shortage.
[24:00] Affordability is at a range where most new house payments sit around 19.8% of income.
Tue, 22 September 2020
Why can the Case-Shiller Index not always be trusted, especially if you are an investor? Jason Hartman reiterates the importance of understanding the diversity and truth to the term “local market.”
“Every problem boils down to the money,” says Mark Moss. Mark Moss talks with Jason Hartman about his feelings on bitcoin and why it might be the most favorable currency, even over the dollar. This talk includes a quick history lesson sharing one aspect of currency evolution. As well, what will happen when the stimulus ends?
[1:20] The most widely quoted real estate index, the Case-Shiller index, doesn’t tell you enough information.
[4:20] Of the Case-Shiller composite 20 index, about 75% is a cyclical market.
[9:50] Massive money flowing into the economy, 1.1 trillion dollars is what lenders did in home loans between April and June, according to Black Knight.
[13:20] 3.5 million home loans were in forbearance as of September 6, according to the MBA.
[16:30] Mark speaks about market misconceptions.
[17:30] The markets; stock, real estate, gold, etc., have become disconnected.
[19:00] What happens when the stimulus ends?
[21:30] How will this change cryptocurrency, like bitcoin?
[24:15] What makes bitcoin superior to gold or the dollar?
[25:45] A history lesson on African cowrie/aggry beads.
[27:40] “If the people understood the banking system, there would be a revolution overnight.” Henry Ford
Direct download: CW_1556__Case-Shiller_Index_Is_One_Piece_of_The_Pie_From_Cowrie_Beads_to_Bitcoin_with_Mark_Moss.mp3
Category:general -- posted at: 5:00pm EDT
Mon, 21 September 2020
Many are predicting a crash, but it's already happening in certain areas. Jason Hartman breaks down shadow demand as it coincides with the massive amount of young adults living with their parents.
Investor, entrepreneur, and Crypto Expert, Mark Moss, returns to the show today discussing what's happening in Mexico compared to California? Moss, a California resident, shares some aspects of California that are proving problematic moving forward. Will these bills in motion and aggressive attempts to combat climate change cause a California market crash?
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Selected Episodes: JasonHartman.com/Start
[2:45] Let'sLet's discuss shadow demand as opposed to the shadow inventory.
[5:00] How many young adults live with their parents, right now?
[7:15] A few more end of the world predictions, anyone?
[9:30] Will there be a market crash? Well, which market?
[10:30] In the past 12-14 years, virtually no one has been building entry-level workforce housing.
[14:00] Airport metrics are a proxy for "the bigger thing happening."
[15:00] CMBS market: CAUTION
[17:10] Jason checks in on a significant Redfin chart analyzing MLS data.
[23:00] How much did you lose, waiting to time the market?
[25:00] Why is that the power stays on in Mexico, but not in California?
[28:00] California is leading the charge on fighting back against climate change.
[31:30] And what do experts say about the cause of the fire?
[35:00] With California's chaos and the four bills in working order that could affect real estate, what will happen with the California real estate market?
[38:30] Will there be a real estate crash in 2021?
[40:10] Mark speaks about one market misconception.
Fri, 18 September 2020
1554 FBF: Hedge Fund and Wall Street Scams with James Altucher of 'Altucher Confidential' & Financial Times Contributor
Flashback Friday, Original Release Date: July 26, 2013
James Altucher is the Managing Director of Formula Capital and Founder of Stockpickr. He writes the popular blog, "Altucher Confidential." He is also the author of the new book "Choose Yourself: Be Happy, Make Millions, Live the Dream." James first went through big publishers but now explains how viable self-publishing is and how he promotes his books.
James frequently holds Twitter chats with his followers and has even written books based on these conversations. Now he is paying people to read his new book. This strategy is already revolutionizing content marketing. James is the first person to pre-sell a book on Bitcoin. He describes his outlook on this currency and how will it affect gold's value.
Visit Altucher Confidential at www.jamesaltucher.com.
Thu, 17 September 2020
Are you expecting a market crash? Jason Hartman discusses where a market crash might occur, and it isn't in the housing market. If you're looking for loan defaults, commercial real estate is likely experiencing the most volatility.
Russ Munson shares his story fighting the Apple with a Pear; how his logo has faced trademark challenges thanks to the tech giant, Apple. Russ Munson's investing evolved and helped him fund his business. Now his food blog success has helped shape Prepear, a healthy recipe app, but his challenges with trademark trolling have made a lot of news.
[2:45] Are you thinking that there has got to be a market crash?
[5:30] If we see a market crash, it will result from much higher interest rates.
[9:20] If you're looking for mortgage loan defaults, it's not going to happen.
[17:00] Russ Munson shares how his investing evolved and how it helped fund his current business.
[19:30] The first run-in with big tech hindering online traffic was Facebook and an adjusted algorithm.
[23:10] Starting with the backstory on the food blog, Super Healthy Kits
[28:00] What is Apple's problem with your company?
[34:00] Apple made blanket disapproval of the logo because it was confusingly similar.
[39:00] Munson has put into practice a field test for 'confusion' and says, "no one has gone into an Apple store and asked for help making dinner."
[43:45] One of the main struggles is legal fees; small businesses having limited funds compared to enterprises the size of Apple.
Direct download: CW_1553_Client_Case_Study_Russ_Munson__Apple_Patent_Trademark_Trolling.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 16 September 2020
What is happening with the fifth largest economy on planet earth? Jason Hartman talks about company incentives to leave San Francisco and past laws to protect the group, not the individual. How much will California's housing market change?
Jason continues his interview with Leslie Appleton-Young as she shares data to support buyer/seller trends as emotions shift from the COVID-19 impact. The question continues to go unanswered, how will malls, retail space, and hotels change post coronavirus?
[1:15] The fifth-largest economy on planet earth, what's happening to their housing market?
[3:30] "As long as you're green, you're growing, as soon as your ripe you start to rot." -Ray Kroc
[5:50] Stripe Inc offers a one-time payment of $20k to their employees to move out of San Francisco, New York, and Seattle - with a 10% cut to their base salary.
[8:50] "There's no such thing as group rights; there are only individual rights." -Ayn Rand
[13:40] What is the general tone of California, are people staying or going?
[18:15] We've seen a considerable adaptation of technology in the real estate industry.
[23:30] Buyers feel a sense of urgency without expecting deals, while sellers are reluctant to lower their prices.
[29:00] Jason and Leslie discuss the lack of supply and the building restrictions as one of the leading causes for a reduced amount of new homes being built.
[31:30] How could malls, retail space, and hotels change into residential units for affordable housing, senior centers, or homeless shelters?
[34:00] What shape will the recovery take on? V, square root, swoosh, or W?
[36:30] The work-from-home order will likely be huge for housing.
Tue, 15 September 2020
1551: Moving Trends, Leslie Appleton-Young, Chief Economist of the California Association of Realtors CAR
Jason Hartman speaks about the trends that come from coasts, specifically California. Zillow shows 2 million renters will become homeowners, and U-Haul has metrics that lead us to believe that more people are leaving NYC. What does this mean for investors in stable, linear markets?
Jason Hartman speaks with Leslie Appleton-Young, vice-president and chief economist for the California Association of Realtors. Leslie brings several charts and graphs to the conversation to share some staggering movement in California's real estate. In January, 2020 was shaping up to be a knock out year, but due to the Coronavirus pandemic, we are now looking at best for "a quick recovery." Leslie and Jason draw correlations between the 2008 recession and recovery to the recent, seemingly, self-imposed recession.
[2:40] Why do you keep talking about California?
[7:10] The water theory of investing explained.
[10:00] According to Zillow, 2 million people are leaving their rented homes in expensive markets and purchasing homes in more affordable areas thanks to the "work from home" movement since COVID-19.
[12:45] Discussing money vs. currency
[14:30] Experimenting with U-Haul pricing.
[17:00] What's the COVID-19 impact on global airport revenue?
[26:30] Jason and Leslie discuss predictions based on the Q2 hit in 2020, ranging from a 25% - 42% decline.
[28:00] The buy-side of real estate is doing well, likely because of record-low interest rates, more space needed for home offices, and more space desired in quarantine times.
[34:30] In January, the 2020 expectation was a great year based on some standard metrics.
[35:20] We have not had a breakout market since the 2008 recession due to income and affordability restraints.
[38:00] The virus and the government's response are two major contributing factors to set the tone for sellers and the real estate market's recovery.
Mon, 14 September 2020
Jason Hartman shares figures from Zillow about the 2 million people that are now shopping for a home. This is another of many indicators about the mass migration of the 2020s. Businesses have the option of hiring from outside their headquartered region allowing for employment from all parts of the world, not just those living in the high-density, cyclical markets.
Jason Hartman is joined by Dr. Steve Turley, NY Times bestselling author of many books including, The New Nationalism, How the Populous Right is Defeating Globalism and Awakening a New Political Order. Dr. Turley discusses the breaking up of the world, and reverting to a cultural appetite that differs from the one size fits all ideology of modernity. Dr. Turley states that we are living in a time of post-modernity, where we’ve accepted the differences of cultures.
[3:25] “Where would I find a list of Jason Hartman’s linear markets?” - Listener Question
[7:30] Wait till the census comes in, and we can see how pronounced the move away from urban areas really was this year.
[10:00] Zillow says that 2 million people that were renting in big cities will be buying homes.
[12:45] The great American move is underway.
[16:00] How far is too far with censoring in Big Tech?
[17:00] Dr. Steve Turley
[19:30] Modern intellectual theory has hindered the teachings of conversation.
[22:10] What is cultural marxism?
[25:55] “Scientific rationalism was really the one size fits all way of understanding reality.” -Turley
[31:00] Modernity has collapsed into post-modernism.
[32:50] The world is breaking up, and it’s not because liberal democracy won, it’s because modernity lost.
[37:00] If the world is going post-modern, you really only have two choices.
[40:30] What’s the fundamental difference between economic marxism and cultural marxism?
Direct download: CW_1550_Intellectual_Dark_Web__The_New_Nationalism_Dr._Steve_Turley.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 11 September 2020
1549 FBF: Visualizing Finance with Carl Richards Author of ‘The Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money’
Flashback Friday, Original Release Date: March 4, 2013
It is possible to illustrate complex financial concepts and Jason Hartman interviews author/artist, Carl Richards, who developed a way to do this and led to his book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money. Carl creates simple sketches that help people understand financial concepts, which he refers to as Visualizing Finance. People are primarily visual learners and Carl found that as he made the concepts visual, it was easier to communicate them to others effectively.
He shares some of these visualizations, such as the market cycles, explaining the terms he uses and the psychology behind the buy/sell behaviors in the stock market. Using a Venn diagram, he is able to help people realize what they have control over and what they don’t, whether it’s investments or business, and enabling them to make better decisions and simplify their financial life.
Carl became an accidental artist with his simple sketches that make complex financial concepts easy to understand for thousands of people every week on The New York Times Bucks blog. Richards’ art had its first showing at the Kimball Art Center, in Park City, Utah. His commissioned work is on display in businesses and educational institutions across the country.
His sketches also serve as the foundation for his first book, The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Portfolio/Penguin). Carl has appeared regularly on American Public Media's Marketplace Money, writes a column for Morningstar Advisor, and keynotes financial planning conferences and visual learning events. You can find more of his writing and sketches at BehaviorGap.com. A CERTIFIED FINANCIAL PLANNER™, Carl is also the director of investor education at BAM Advisor Services and lives in Park City, Utah, with his family.
As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over with their money. They were letting emotion get in the way of making smart financial decisions. He named this phenomenon—the distance between what we should do and what we actually do— “the behavior gap.” A quote from his book states, “It’s not that we’re dumb. We’re wired to avoid pain and pursue pleasure and security. It feels right to sell when everyone around us is scared and buy when everyone feels great. It may feel right—but it’s not rational.”
Thu, 10 September 2020
Jason Hartman shares the news about 2 million renters moving to homeowner status, thanks to telecommuting and coronavirus. California is banning Halloween, and Facebook is deleting content and messages in this challenging year, which is 2020.
Matt Faircloth, of DeRosa Group, and author of Raising Private Capital, joins Jason Hartman today to share some of his stories as a landlord. Find out how Matt went from duplex to 20 units in a garden-style apartment. As well, Matt shares his success with collecting rent while the media was posting about rent strikes.
[1:30] According to the WSJ, JP Morgan is investigating clients and employees over coronavirus stimulus plans.
[5:00] Let's take a look at the changes in the minimum wage since 1964.
[7:35] Is Facebook deleting private messages?
[10:25] 2 million renters could become homeowners thanks to telecommuting.
[12:00] Remote work is destroying America's white-collar, office economy
[18:45] Are rent strikes as bad as the media has made them out to be?
[20:50] In many cases, the rent that a tenant pays is not going completely and directly into the landlord's pocket.
[23:00] The way in which money is changing makes you have to understand what comes after a trillion.
[24:45] How did you take a duplex and turn it into 20 units?
[28:00] Because of COVID-19, the innovation and integration of technology with real estate have amplified.
[32:00] Will we see a state secede from the union in our lifetime?
Direct download: CW_1548_COVID-19_Landlord_Chronicles_with_Matt_Faircloth.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 9 September 2020
Jason Hartman and investment counselor, Adam, talk about the comparison of where you want to live before, during, and post-pandemic. Adam shares a few charts from various sources like Redfin that paint the picture of the shift back to suburbs. Jason takes us through a history lesson of manias proving time and again that one should become your own best advisor. Pandemic times are different, and strategies have changed a bit, but investment property still shines on.
Coffee Tok (Talk) Sunday Mornings 11 am/8 am EDT/PDT
[2:00] Visit: PandemicInvesting.com
[4:45] Adam shares some figures from Redfin on home search changes due to the coronavirus pandemic.
[7:00] The suburbs rule. That perfect place fits on top of the normal distribution curve.
[12:35] The bread and butter $100k homes are getting harder to find.
[13:45] The year over year home supply down dramatically.
[18:45] Jason breaks down a chart showing quarterly mortgage originations by type (purchase money loans, refinance loans).
[20:40] The refinance business is through the roof.
[23:35] The lesson from a history of manias: become your own best advisor.
[26:25] The economy's service sector, 2000-2017, is more than 77% of the entire GDP.
[31:35] Looking at the GMP, Gross Metropolitan Product, of certain areas to watch the transfer of wealth out of places like NYC.
Tue, 8 September 2020
Taxes, taxes, taxes! Jason Hartman talks about potential tax changes, Trump vs. Biden. If you propose tax changes for income, small business, or big business, how can you justify those astronomical changes?
George Gammon returns for part two, a discussion on macroeconomic trends. George and Jason discuss some ideas that the Fed may not want the common man to understand. As well, is deflation good or bad? Where are interest rates headed, and how can you come up with a prediction for that?
[3:25] How do the two political sides approach taxes?
[8:00] Being forced into liquidation is one of the biggest wealth killers.
[10:00] Webinar access: JasonHartman.com/Fund
[15:15] What is it that the Fed, or the powers that be, don't want us to know?
[16:29] Is deflation good or bad?
[19:00] Who 'owns' the Fed?
[24:30] In a truly free market, one is always trying to create a product that has more value than the money in your pocket.
[25:30] Where do you think these interest rates are going?
[28:00] George discusses using the Fisher equation to determine interest rates in the future.
[33:00] Is inflation necessary?
[39:30] Be prepared or you're going to be a victim
[43:55] What is Rebel Capitalist Pro?
Mon, 7 September 2020
Evan Moffic joins Jason Hartman for a discussion on what might change for investors if Biden is elected. Jason poses the question, how will businesses react to the corporate tax plan changes? Also, Biden wants to eliminate the 1031 Tax Exchange.
George Gammon joins Jason Hartman remotely from Saint Barthélemy. What's happening with Japan's debt to GDP ratio, and how can the US compare to this? George talks about the change in the savings rate due to Coronavirus and how it is manipulated.
[1:40] The presidential election is in full swing.
[3:00] Jason talks about Biden's proposal to raise the top income tax rate from 37% to 39.6%. Biden also wants to raise corporate taxes. This will drive businesses away to offshore locations.
[7:00] Joe Biden wants to eliminate the 1031 tax exchange.
[7:40] The Palmer House Hotel, closing. Is there a conversion insight?
[10:45] A majority of young adults live with their parents, which hasn't happened since the depression.
[22:45] Jason opens a discussion on Japanonomics.
[23:55] The US deficit just this year will be the same as the total amount of debt accumulated from 1776 to 2000.
[27:00] George talks about trade surplus.
[32:00] How did Coronavirus change the US savings rate?
[35:00] How has the savings rate been manipulated based on IRS' estimates.'?
Fri, 4 September 2020
1544 FBF: National Debt & Grassroots Political Campaigns with Dean Clancy VP of Public Policy for FreedomWorks
Jason Hartman interviews Dean Clancy, the Vice President of Public Policy of a grassroots movement called FreedomWorks, to discuss many hot topics and issues that our country is facing. Dean talks about the fiscal cliff and the ramifications of the policies pushed through on New Year’s Eve, and the money being thrown at special interests in typical bloated government fashion.
Dean stresses the importance of voter participation and discusses some radical options to turn around the debt crisis and decentralize the system. He states there is more incentive in government to do the wrong thing than what is actually best for our country and its citizens. FreedomWorks’ aggressive, real-time campaigns activate a growing and permanent volunteer grassroots army to show up and demand policy change. They believe individual liberty and the freedom to compete increases consumer choices and provides individuals with the greatest control over what they own and earn. They lead the fight for lower taxes, less government, and more freedom.
Dean Clancy is FreedomWorks’ Legislative Counsel and Vice President, Health Care Policy. He leads our efforts to reverse the government takeover of health care and adopt a patient-centered approach. Clancy has served as the top White House budget official on health care, Medicare, Social Security, and other major government spending programs; as executive director of the President’s Council on Bioethics; and as a senior policy advisor to the congressional leadership.
Clancy boasts an impressive resume a deep expertise on a broad range of domestic and fiscal policy subjects. Jokingly referring to himself as a "recovering Washington insider," Clancy works closely with Members of Congress, grassroots activists, and the public to defend and strengthen the world's best health care system and reduce government interference in the doctor-patient relationship.
Thu, 3 September 2020
Jason Hartman plays out an illustrative comparison of debt to GDP ratio of the U.S. and the average American home. Is our debt to GDP ratio really that bad? As well, Jason revisits the ever-important topic of inflation and describes the three types of inflation you should know about. NYC is still watching people flee the city at record numbers. Movers are so busy that they have to turn people away. Why is PIMCO concerned, and what does this mean?
[2:30] We’ve got to remember that all real estate is local.
[6:25] The two things that drive value are scarcity and utility.
[7:15] Three types of inflation
[10:15] The U.S. debt has reached its highest level compared to its GDP. Is this that big of a deal?
[18:00] People are still fleeing high-density areas. So many people are moving that movers are turning people away.
[21:40] PIMCO is concerned about Fannie Mae and Freddie Mac coming out of their conservatorship.
[29:20] Meet The Masters 2020 JasonHartman.com/Recordings
[30:00] Robinhood, stock trading app, in trouble again?
Wed, 2 September 2020
Can the CDC put an eviction moratorium into effect? Jason Hartman discusses this and how to make your debt work for you. Don't be an idiot; well-managed debt is good debt.
Jason and Adam discuss the global currency, the Baby-Boomer, to Millennial wealth transfer. How will the Millennials treat this wealth transfer, one of the most massive wealth transfers to date? Lastly, people are fleeing NYC or upgrading their NYC apartments. How is this changing NYC rentals?
[3:30] Meet The Masters 2020 DISCOUNT JasonHartman.com/Recordings
[4:50] A federal agency, unrelated to real estate, is trying to ban evictions.
[11:30] Am I an idiot for doing the "right thing" with how I handle debt/credit?
[14:00] Listener comments and questions.
[20:30] Income property investing vs. Wall St.
[21:30] Where do you see the US going, from a perspective in tech and aerospace?
[25:00] If not the US, who will take the place of the world's reserve currency?
[28:45] The Boomer to Millennial wealth transfer.
[30:00] People are fleeing NYC or upgrading their size for the same price.
[32:10] Beyond property tracker, what other apps, tools, or resources do you use?
Tue, 1 September 2020
The best insurance is a high loan balance. Jason Hartman invites client, Adam Jackson, onto today’s show to discuss how he turned 5 years of investing into 14 properties with infinite returns. Adam shares his story from listening to an audiobook, to our podcast, to becoming an investor. This is all coming from a USMC vet and someone in the aerospace industry.
[2:15] Lessons from Shakespeare.
[5:30] The best insurance is a high loan balance.
[10:00] What happens when the bailouts end and the moratorium ends?
Client Case Study: Adam Jackson
[18:15] Adam shares what are his “infinite returns” on half of his portfolio.
[21:00] Adam’s story from reading Seven Years to Seven Figures, listening to Creating Wealth Real Estate Investing, and closing on his 14th property. All in 5 years!
[26:00] Gain control of the real estate and then let it work for you.
[29:00] What were the good/bad experiences in the first five years of investing?
[34:00] Your worst deal was a double-digit ROI?
[37:30] Some people in the income property game think they’re losing when they’re winning because they don’t know how to do the math.
[40:30] Income property investing vs. Wall St.
Mon, 31 August 2020
Recent articles at GlobeSt.com support Jason Hartman’s predictions about the average home size increasing. People are looking for more space in their home offices. The demand for bigger homes has increased in the small to medium-sized houses with a continuously growing demand for bread & butter housing.
Actor from The Walking Dead, and The Big Short, Ilan Srulovicz joins Jason Hartman to talk about defunding the police and identity politics. Ilan talks about group classification and how this can potentially hold the individual back from what they might be trying to achieve. While solidarity is numbers hard at work, classification can be a disservice to humanity.
[2:15] GlobeSt.com article says that there is a sales increase for larger homes.
[6:45] The market is booming, and the average house size has increased more than the average yearly increase in size.
[9:45] The September 1st REFI-Fee is being delayed.
[12:00] Buying a high-end home vs. renting a high-end home.
[15:40] There will continue to be demand for “basic, bread-&-butter housing.”
[21:00] Racial/gender classifications, etc., are a disservice to humanity.
[23:00] Breaking down identity politics and the hindrance or group classifications.
[27:00] Is the objective truth under scrutiny?
[30:20] Why is the government enforcing mob mentality?
[36:30] The rhetoric became a game of language.
Direct download: CW_1540_Defunding_Police_identity_Politics_with.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 28 August 2020
1539 FBF: Local vs Long Distance Real Estate Investing with Logan Mohtashami Financial Contributor for BusinessInsider.com
This episode of Flashback Friday was initially published: December 29, 2012
Jason Hartman talks with a listener about local vs. long distance real estate investing and how geography is less meaningful than ever before in history. Then today’s guest is loan manager, stock trader and financial columnist, Logan Mohtashami with a no-spin discussion on the fiscal cliff and other current events.
Logan Mohtashami is a senior loan officer at his family owned mortgage company AMC Lending Group, which has been providing mortgage services for California residents since 1988. Logan is also a financial columnist for Benzinga.com and contributor for BusinessInsider.com and writes on financial matter relating to the housing market and basic economics.
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Thu, 27 August 2020
Jason shares big news from the Federal Reserve, what does this mean for interest rates in the next couple of years? What does this mean for housing?
Former senior credit officer for two California banks, and editor and publisher of The Strategic Financial Intelligence monthly newsletter, John Truman Wolfe joins Jason Hartman today talking about the coming financial crisis. The question is, will the bubble pop, if so, what will happen? As well, John and Jason talk about banks worldwide, who to trust, how much to evaluate them, and what they’ve done wrong. Will banking eventually lead to a global digital currency?
[3:30] Big news from the Federal Reserve.
[9:30] How long will the Fed keep interest rates low?
[13:00] People keep predicting the end of the world, and it’s yet to happen.
[14:00] John Truman Wolfe
[15:15] Talking derivatives: the thing about the thing.
[15:45] Will this bubble pop, and what will happen if/when it does?
[20:00] John discusses the BIS (Bank of International Settlements) and the Bail-In Policy.
[22:45] What should people do, and what banks are safe?
[27:40] How often should you evaluate your bank, and in what should you look?
[32:45] The biggest problem for the U.S. dollar is that the Fed has thrown 5.2 trillion dollars into the economy out of thin air.
[34:00] Could we move to a world monetary system in the form of digital currency?
Direct download: CW_1538_The_Coming_Financial_Crisis__Crisis_By_Design_by_John_Truman_Wolfe.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 26 August 2020
The U.S. housing market is outperforming every other sector in the world. Jason Hartman discusses the migration from cyclical markets to linear markets. Some cyclical markets see growth, but dense cities like San Francisco are seeing people leave in throngs.
Joel Pollak, senior editor and in-house counsel at Breitbart News, joins Jason Hartman to discuss his new book Red November, Will the Country Vote Red for Trump or Red for Socialism? Pollak and Hartman wind through a road of political discussion ranging from activism to the POTUS race. As well, they critically discuss how mainstream media shares their version of the narrative.
Books: Red November, Will the Country Vote Red for Trump or Red for Socialism? By Joel Pollak
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“How to Avoid The Top Three Irrational Mistakes that Investors Make when Investing”
[1:45] “When we compare this recession to the previous one; instead of a housing crash, we have a housing market that is outperforming every other sector in the world, during the most impactful economic and health shock in recent modern history. That’s a lot of hyperbole, but it’s all true.”
[2:10] “New home sales in July increased 13.9% crushing expectations.”
[2:40] U.S. home prices rose 4.3% in June.
[7:30] Some reports are stating that a few cyclical markets are seeing high activity.
[14:00] What are the most evil companies in the world?
[17:00] People are leaving San Francisco in throngs. A 96% increase in year over year listings.
[21:45] Who’s leading the race for POTUS?
[24:30] These massive protests are being used to rally activists of the left and the right but also frightening the middle.
[30:25] Most of the activity and activism has been in cities and states mostly controlled by democrats.
[34:45] Has the media discredited themselves so much that most Americans can see through them?
[38:30] “Biden never came to the spin room once” - Pollak
[41:20] “The genius of America is that people pursue their self-interest with a public spirit.” Pollak was quoting Alexis De Tocqueville.
Direct download: CW_1537_Red_November_Red_for_Trump_or_Red_fo_Socialism_by_Joel_Pollak_Breitbart_News.mp3
Category:general -- posted at: 5:00pm EDT
Tue, 25 August 2020
Jason Hartman spreads the news, lumber prices have gone through the roof. What does this mean for new construction homes? What does this mean for the homes you already own?
Jonathan Martis, CEO and Co-Founder of Kleard, joins Jason Hartman today to share his business with smart locks, smart real estate, and self-tour tech. Open a house for potential clients from anywhere in the world, and get pre-qualifying information alongside. Will this tech move to the short-term rental market as well?
[1:30] From a weekly report on the lumber market: Prices have gone through the roof on southern yellow pine, an essential building material for homes.
[4:00] The houses you own are index funds for commodities.
[7:45] Meet the Masters VIP Follow-On Session Number 2
[11:00] 42% mortgage interest rate in Honduras (1994)
[13:30] Index + Margin = Rate or the lenders interest rate
[16:25] Since April 17th, the average new single-family home has increased in price by____?
[21:00] What is Smart Locks by Kleard, and how did it come about?
[24:45] Jonathan explains how to use Kleard for self-tours.
[34:00] How much does it cost?
[39:25] What’s next in the smart home industry?
Direct download: CW_1536_Smart_Locks__Self_Management_Jonathan_Martis.mp3
Category:general -- posted at: 5:00pm EDT
Mon, 24 August 2020
1535: K-Shaped Recovery, Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
Jason Hartman talks about the K-Shaped recovery. Are we moving to a smaller economy? Can Biden kill the 1031 exchange, and use those tax funds elsewhere? How will this impact every aspect of real estate surrounding investor deals?
Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts?
Books: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
[1:00] Jason talks about the recovery shapes: are we moving into a smaller economy?
[5:00] Businesses going virtual.
[9:20] Biden wants to kill the 1031 exchange.
[15:00] Could Biden use the elimination of the 1031 exchange as a way of embarrassing Trump?
R. Christopher Whalen
[21:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate the people that work within them.
[23:30] Coronavirus has forced businesses to move out of “the old way.”
[27:50] A brief history of banking, from Abraham Lincoln to present.
[30:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank.
[32:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation.
[37:15] Will we see any consequences from the creation of money and bailouts?
[38:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity.
Direct download: CW_1535_Inflated_How_Money__Debt_Built_the_American_Dream_by_R._Christopher_Whalen.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 21 August 2020
1534 FBF: Private Equity Investing with David Carey Author of ‘King of Capital’ and Senior Writer for ‘The Deal’
This episode of Flashback Friday was initially published: October 31, 2012
Private equity is a type of investing where you deploy capital in companies privately rather than in the public market. Here to talk about this subject with Jason Hartman is David Carey, author of King of Capital, and senior writer for “The Deal.” David explains the various forms, including injecting money into companies to help them grow faster, and the most common form, a leverage buyout (LBO).
In an LBO, private equity firms are not responsible for paying down the debt, unlike a homeowner who pays off a mortgage. Instead, the company that is being acquired takes on the debt and retires it over time using its own cash flow. David notes that most private equity firms outperform stocks and bonds by a wide margin, not just through the use of leverage, but also from improving the profitability of the companies they acquire. David goes on to share his thoughts on the attacks on private equity, Bing Capital and Mitt Romney.
Dispelling the political negative caricature of the private equity business, David shares how these firms have helped numerous companies prosper, allowing for quicker new job growth. Bing Capital was an exception, having piled on too much debt, and naturally, the Obama campaign took a potshot at the firm and private equity firms in general.
DAVID CAREY is senior writer for The Deal, a news service and magazine covering private-equity and mergers and acquisitions. Before joining The Deal, he was the editor of Corporate Finance magazine and wrote for Adweek, Fortune, Institutional Investor, and Financial World. Carey has appeared often on CNBC. He holds two masters degrees: one in French literature from Princeton and a second in journalism from Columbia. He earned his bachelor’s degree at the University of Washington.
Carey authored the book, KING OF CAPITAL: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone (Crown Business; October 2010), which tells how Schwarzman and his co-founder Pete Peterson, starting with just one secretary in 1985, built a powerhouse that weathered the financial crisis successfully even as other institutions crumbled. More about the book can be found at: http://king-of-capital.com/whats-the-book-about/highlights/.
Direct download: CW_1534_FBF__Private_Equity_Investing_with_David_Carey_Author_of_King_of_Capital_and_Senior_Writer_for_The_Deal.mp3
Category:general -- posted at: 5:00pm EDT
Thu, 20 August 2020
Jason Hartman answers a listener question about investing in real estate amid COVID-19. When is a good time to start, or to extend a portfolio? Also, a reminder about the greater fool theory related to WSJ’s mention of Apple’s latest valuation. Invest in something that makes sense the day you buy it.
Phil Harvey is today’s guest, discussing his recent book and a few ways that tax dollars are distributed to some for questionable reasons. Phil shares everything from billionaires receiving million-dollar payouts for owning farmland to customers paying double the price of sugar in the local grocery store.
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[3:20] “Is now (COVID-19) a good time to start investing in real estate?” Listener, Scott
[8:45] Jason elaborates on pension plans versus real estate investing, a continuation of the question from a listener, Scott.
[12:45] Apple just passed the 2 trillion dollar market cap: what did WSJ say about it?
[13:45] The greater fool theory
[19:40] How are taxpayers getting burned by welfare going to many of the wrong places?
[22:30] How are the well-to-do getting welfare?
[24:30] Jason and Phil discuss the bonuses received by owners of farmland for no apparent reason.
[29:30] Some coastal cities have zoned land in such a way that housing has become unaffordable.
[34:30] Is the open spaces argument, “you’ve already got yours, so you’re not going to share?”
[36:15] Everyone pays twice as much as they should have to pay for sugar, to benefit which sugar baron?
Wed, 19 August 2020
Jason Hartman shares a big-data lawsuit that once again proves that thou shalt maintain control of one's investment. Check out how mall shopping center REITs might be in trouble. If you aren't convinced yet about the coronavirus's impact in cyclical markets, listen in for some stats on NYC, LA, and Huntsville, Alabama.
Laurence Ball joins Jason Hartman to discuss his book, The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster, and draw comparisons about our current pandemic recession. While many details differentiate the two recessions, such as being self-imposed, how we recover, and how quickly we recover might have some similarities. How can the stimulus set up the future of government assistance?
The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster by Laurence M. Ball
[1:45] L.A. launched a 100 million dollar coronavirus rental assistance fund.
[3:30] NYC had a massive decline in tourism. How low was it?
[6:30] The increase in median sales prices for homes in Huntsville, Alabama, during the COVID-quarter (Q2-2020) was 13%.
[12:15] Jason talks about a lawsuit that says, "giant mall REITs are licensed to spy, swiping vehicle date from license plates."
[18:15] Has there been an active enough response to COVID-19 from policymakers?
[19:45] Speaking on the first self-imposed recession.
[21:00] Will Coronavirus stimulus packages be the prelude to a sort of nationalized housing assistance program?
[26:15] Can the government and the fed solve the problem by creating more money, quantitative easing, and more stimulus?
[29:45] Failure to rescue Lehman Brothers made the recession outcome worse.
[34:00] Were we do for a correction, pre-pandemic?
Tue, 18 August 2020
Jason Hartman talks with Ross Wordon in today’s client case study. Ross Wordon started a fast-growing business from an Etsy store. His early interest in real estate sent him on an investment quest. After being a devoted listener of more than 500 episodes, he managed to purchase his first investment property and set into motion a plan to own 93 properties in 10 years. Jason and Ross break down Ross’s strategy to grow his investment portfolio and discuss options for growth and the financial freedom date.
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[1:00] Working on “handy-dandy” Real Estate Investment calculators.
Client Case Study: Ross Wordon
[5:45] Since the Coronavirus outbreak; Travel is only 17% of what it was a year ago.
[11:00] Discussing wanderlust from the perspective of someone who’s business revolves around people’s desire to travel, amid a pandemic.
[14:00] Ross shares his early interest in real estate.
[17:30] Breaking down a 7-year real estate investment strategy.
[26:00] Jason and Ross talk about the compounding effect of staying the course. 93 properties in 10 years.
Mon, 17 August 2020
Jason Hartman talks about the continuing trend to get out of the city and into the suburbs. And as people are moving to the suburbs, they begin to spend a lot of time improving their homes. Many people are taking advantage of this trend, known as geoarbitrage.
Jason Hartman interviews author of the book, Unfu*k Yourself, Get Out of Your Head and Into Your Life, by Gary John Bishop. Bishop shares pieces of the philosophy that shaped his world. His joy for helping others gave momentum towards sharing his wisdom in book and audio form. His approach to life is designed around forgiveness, being honest with oneself, and that significant change is available to everyone. Gary John Bishop is also author to Stop Doing That Sh*t and Do The Work.
LIVESTREAM: Sunday Morning, Coffee Tok (Talk) 11 AM EDT
[2:45] Google Search: “movers near me,” at an all-time high.
[3:45] Home Depot, daily foot traffic, up 35%
[5:45] More people are fleeing San Francisco and NYC for the suburbs.
[9:45] Jason speaks on geoarbitrage.
Gary John Bishop
[16:45] “Have you ever felt like a hamster on a wheel, furiously turning your way through life with somehow going nowhere” - Gary John Bishop
[18:00] The best place to start is finally telling yourself the truth.
[21:30] “You’re way more encumbered by what you think than anyone else.” G.J. Bishop
[23:45] How do I forgive someone/something?
[25:00] It’s amazing what things people will give up to be right.
[26:25] Should we always forgive?
[31:30] Significant change is available to you.
[35:45] “Your success in life is almost exclusively tied to the degree that you can keep a promise to yourself.” G.J. Bishop