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