Wed, 24 February 2021
US Household incomes increased more in 2018 than in the past twenty years combined! But why? Jason Hartman shares the numbers reflecting the lack of median income change for twenty years, and then a sudden change in 2018. Housing continues a pleasant upward trend. Oregon takes a new stance on teaching mathematics.
Dr. David Collum says, "we are following the script perfectly to an authoritarian state." Are we the people being run by corporatocracy and major media?
[1:16] Those who do not learn from history are destined to repeat it.
[2:00] AOC, "Dow soars, but wages don't."
[7:40] Real Median Household Income By The Year, adjusted for inflation.
[10:15] Ratios are the most important thing in Real Estate Math!
[15:00] A Pathway to Equitable Math Instruction
[20:00] Facebook is just scraping data to sell to advertisers.
[21:00] Inflation is here, but how much worse is it going to be?
[32:00] The world is being run by the corporatocracy and media - can that pendulum ever swing back?
[35:15] "We are following the script perfectly to an authoritarian state." - Collum
Mon, 22 February 2021
What is the REAL price of a home right now? Jason Hartman reminds listeners of what goes into calculating or predicting housing prices, including some old basics like the cost of lumber, as well as scarcity.
Jason and Dave talk about the unseen inflation in goods and services, how inflation has affected the family income, and how we can spend. With a more in-depth look at inflation, David uncovers a bit more of the unseen inflation like the depreciation of product quality. The question continues to be, how far away from ideal are we moving, and will this progression cause the US to implode?
[2:15] Let’s talk about housing prices, who’s annoyed?
[5:40] If it does NOT produce income, it isn’t an investment - it is only a speculation.
[9:25] US Housing prices fell more than expected in January amid soaring lumber prices.
[13:13] Softwood jumped a record….?
Dr. David Collum
[20:20] Jason and David speak on the disfunction of the mess we the people are in with money creation and negative interest rates.
[23:45] We are in the most overvalued bond market in history.
[30:00] How has inflation changed, and how has the expectation of goods and services changed along with inflation?
[32:10] Products are built not to last, adding to another unseen inflation, Dave refers to as depreciation.
Direct download: CW_1651__Year_In_Review_by_Cornell_Universitys_Dr._David_Collum.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 19 February 2021
1650 FBF: Power & Strategy with Robert Greene Best-Selling Author of ‘Mastery, Power & Seduction’ & ‘The 48 Laws of Power’
This episode of FlashBack Friday was originally published: August 3, 2013
Robert Greene, best-selling author of such books as The 48 Laws of Power, The 33 Strategies of War, The Art of Seduction, The 50th Law (with rapper 50 Cent), and Mastery, joins Jason to talk about his wheelhouse topics – power and strategy.
[1:15] Jason’s monologue includes a reflection on his recent European trip. Has his opinion on investing there changed?
Direct download: CW_1650_FBF__Power__Strategy_with_Robert_Greene_Best-Selling_Author_of_Mastery_Power__Seduction__The_48_Laws_of_Power.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 17 February 2021
Jason Hartman tees up an interview with Dan Amerman about the home being an investment. But before that, are the wind turbines helping or just blowing smoke? Currently, they’re frozen. What has “the tolerant” tastelessly said about Rush Limbaugh’s passing?
Wealth is created with compound interest, making your dollar work for you. Dan Amerman talks with Jason Hartman about understanding, The Homeowner Wealth Formula. Dan says, “one way at looking at the mortgage is that it’s a short against the dollar.” The primary question; is your home an investment?
Books: The Homeowner Wealth Formula
[2:30] Deep in the heart of Texas, snow and power issues.
[4:15] Are wind turbines just blowing smoke?
[5:40] We need to be prepared; Check out Holistic Survival
[7:45] What have “the tolerant,” said about Rush Limbaugh?
[11:30] Is your home an investment or an expense?
[13:30] How can we better understand these home price indices?
[17:10] The results of the exhaustive research are incredibly positive. Find out more.
[19:20] “One way at looking at the mortgage is that it’s a short against the dollar.” -Amerman
[24:00] The number one historically proven method for creating wealth over the centuries is compound interest. How does this relate to inflation?
[31:00] A lot of government programs are “shell games.”
[34:00] We do expect a wealth transfer from boomers to up and coming generations.
Mon, 15 February 2021
Housing seems more expensive right now, but is it? Jason Hartman shares the analysis of home prices when discussing payment, inflation, and historically low-interest rates.
Obviously, 2020 was a rough ride for most businesses, particularly those included in the travel industry. Eric Moeller, CEO & Co-Founder of STR Legends, gives us a peek into his business through 2020 in the Short Term Rental market. STRs aren't just about the real estate business but also hospitality. Airbnb made some massive decisions to cater to the guests' needs and not so much their partners in business, the hosts. These hospitality decisions shifted how STRs had to operate to maintain high occupancy.
Book Recommendations: Skin In The Game Nassim Nicholas Taleb
[1:35] Valentine's Day Inflation
[3:30] Are we in a bubble, potential housing crisis, or is housing actually cheaper?
[6:15] Beware of the "bankster," Skin In The Game.
[7:45] We are going through potentially the largest wealth transfer in history.
[9:45] The average family is struggling to contend with home prices that are rising faster than income. Let's clarify what Lawrence Yun might have meant.
[16:20] In one year, the industry collapsed, there was speculation of AirBnB collapsing, and now a year later, the business model has changed, specifically the length of stay.
[17:30] The urban markets have collapsed since COVID-19.
[19:00] Have the operators given cuts for longer stays?
[20:21] "30 Day Stays"
[23:55] "Home Instead of Home"
[26:30] Markets outside of major cities are doing 98% occupancy.
[27:15] Tiny home experiential markets, for the 30 Day Stay
[30:10] AirBnB decisions were being made to prop up their IPO rather than worry about their hosts.
[37:00] Even Google is trying to get into the short term rental market.
[39:20] Airbnb is a great place for building your business compared to other OTAs (online travel agency)
Fri, 12 February 2021
This Episode of FlashBack Friday was originally published: June 21, 2012
Jason Hartman talks with one of the Seattle based lenders in his network about nationwide mortgage financing. You'll gain insights from Steve's 25 years in the mortgage business and you will learns some important distinctions between mortgage brokers, mortgage bankers and commercial banks.
As a mortgage banker with several warehouse lines exceeding eight figures, Steve and Jason bring power to overcome financing challenges. A good mortgage banker can offer the greatest number of options with the power of direct funding control. Here are some additional issues addressed in this episode:
Wed, 10 February 2021
Jason Hartman thanks all of the listeners for their comments and compliments. In this "compared to what?" themed episode, Jason responds to several clients' comments from socialism to interest rates. If you like what you're hearing, join the Empowered Investor Inner Circle for many benefits, including a more intimate and candid version of some more complex issues in the real estate industry.
The number of centenarians has grown dramatically over the last two decades, which is good news for you as a human and an investor.
[1:45] Don't talk about the thing you're not supposed to talk about.
[4:00] Youtube took down one of my videos!
[6:10] How many big companies are burning books?
[8:00] The number of centenarians has grown dramatically over the last two decades.
[12:00] What's to come of China?
[19:45] How do we get US dollars in a time of crisis?
[23:00] We are here to help you build a real estate team.
[35:00] Interest rates, and buy downs.
[40:00] Join our empowered investor inner circle.
Mon, 8 February 2021
Jason Hartman talks about the opportunities presented by the lurking crises. While some may have concerns about pending laws, people will vote with their feet - and end up in markets that investors might prefer. What can we make of Elon's latest Bitcoin move? Some are still throwing the dice at Bitcoin and similar crypto-currencies, but real estate proves to be a smarter investment.
Chad Hewitt appropriately and humorously likens his scaffolding business to a short-term rental property. This Rich Dad, Poor Dad inspired investor shares his real estate story with the Hartman Network.
[1:30] Crisis is an opportunity riding the dangerous wind.
[3:00 What did Elon do?
[9:30] "At the end of the day, the most important vote is where people choose to live and how they choose to spend their money." -Jason
[11:45] Let's talk about the central banks and the government printing press.
[12:45] Elon Musk's $1.5 billion move to the decentralized, uncontrolled trust-less asset.
[20:45] Be sure to check out Property Tracker and The Empowered Investor Inner Circle.
[22:15] Owns a scaffolding business is quite similar to owning a short term rental company.
[23:10] Triple net leases simply mean that all expenses pass through to the tenant.
[24:30] Originally inspired by Rich Dad, Poor Dad.
[28:00] Triple net vs. individual residential real estate.
[32:20] Anyone with a decent paying job can get past the 16k barrier to entry.
[36:00] Income property is the most tax-favored asset in America because you can depreciate it.
[41:30] With a 1031-exchange, you don't need to do the recapture when you sell a home.
[41:00] Because of the Green New Deal, the cost to develop your average apartment complex is going to go up.
Fri, 5 February 2021
1644 FBF: Averting A Global Depression with Richard Duncan Author of ‘The Dollar Crisis: Causes, Consequences & Cures’
This episode of FlashBack Friday was originally published in December, 2012
When the United States stopped backing dollars with gold in 1968, the nature of money changed, becoming the fiat currency system that has now put the world into an unprecedented recession.
Jason Hartman is joined by returning guest, Richard Duncan, to talk about how we are in danger of a global Great Depression and how we can stop it. Richard’s previous book talked about the inevitable collapse of the dollar, and his new book discusses “a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead.”
Richard explains how the expansion of credit eventually implodes and the dangers of the contraction of credit. Richard Duncan is the author of three books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005), predicted the current global economic disaster with extraordinary accuracy. It was an international bestseller.
His second book was The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth. It was published by CLSA Books in December 2009. His latest book is The New Depression: The Breakdown of the Paper Money Economy (John Wiley & Sons, 2012). Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore.
Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum’s East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul. Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year traveling around the world as a backpacker.
Direct download: CW_1644_FBF__Averting_A_Global_Depression_with_Richard_Duncan_Author_of_The_Dollar_Crisis__Causes_Consequences__Cures.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 3 February 2021
From the Fontainebleu Hotel in Miami, Florida, Jason Hartman continues the conversation on art, money, value, fiat currency, and economics. “I will not make any more boring art,” he reads. How does art, or the value of art tie in with real estate? What separates candy in the corner from the Sistine Chapel?
Saifadean Ammous returns in this part two discussion about the government’s role or ability to have a role in cryptocurrency, specifically Bitcoin. As well, what is time preference, and how does it differ from inflation?
[2:45] “I will not make any more boring art.”
[3:45] Why should we align ourselves with governments and central banks?
[4:30] In the free market, the public is in charge of deciding the winners and losers.
[6:00] Excerpt from The Bitcoin Standard
[15:00] Maslow’s Hierarchy of Needs
Saifadean Ammous, author of The Bitcoin Standard
[17:00] Have you been bitten by the Bitcoin bug?
[17:25] Could the government make Bitcoin illegal?
[29:45] Is there a distinction between time preference and the time value of money, aka inflation?
[31:45] Saifedean’s wife sells the chair he’s sitting on out from underneath him.
[32:10] Art on the gold standard, will it stand the test of time?
[41:20] “A lot of people prefer to laugh than to think.” -Saifedean on Hedonism
Mon, 1 February 2021
Jason Hartman talks with Mitch Russo about GameStop & Robinhood. What happened, is it legal, and what will happen next? Guest, Ashley, talks with Jason about art, bananas, Banksy and how this can help one understand the connection between sound money and art.
Saifadean Ammous, the author of The Bitcoin Standard, joins Jason to explain the three basic functions of money and why this matters with Bitcoin. Will Bitcoin push out the role of central banks? If so, why would the government let Bitcoin exist?
[1:30] Joined by guest Mitch Russo, author of The Invisible Organization
[2:45] Keith Gill, aka Roaring Kitty's Reddit move with GameStop explained by Mitch Russo
[8:00] The corruption of Robinhood and Google, in bed together to delete negative reviews.
[9:15] "Why are they picking on us rich people?"
[13:35] Did Reddit close the sub-Reddit?
[14:45] Jason is joined by Ashley, "let's talk about art and bananas."
[15:35] The amazing connection between sound money and art, Bansky and Love Is In The Bin
[17:20] How much better would the world be today if we were in a place of sound money?
[19:00] Art is bananas!
[26:00] Bitcoin could be worth zero dollars tomorrow, nobody knows.
[32:00] Money has three basic functions of money:
[34:45] How does Bitcoin act as a base layer of money, similar to the central banks' settlement layer?
[39:00] Why would the government let Bitcoin exist?
Direct download: CW_1642_Pt1_The_Bitcoin_Standard_by_Saifedean_Ammous.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 29 January 2021
This Episode of Flash-Back Friday was Originally Released: 10/12/10
Jason recaps The Masters Weekend, A Gathering of Experts™. Then, he answers listener questions about two recent podcast episodes, the Money Merge Account program, and the interview with Peter Schiff, and about how to break into real estate investing. Finally, we have our interview with an expert on monetary policy and the Federal Reserve and author of Web of Debt, Ellen Brown. She and Jason discuss the "300 Year Ponzi Scheme", the Federal Reserve, the bailout, central banks, fractional reserve banking, fiat currency, the gold standard, the true rate of inflation, and much, much more.
Wed, 27 January 2021
Jason Hartman reminds investors of the opportunity of a lifetime, (a 5,000 year lifetime) with interest rates at historic lows. Is there a second phase to the great American pandemic migration?
How do we wage a peaceful revolution? Larry and Jason take a thorough walk through the swamp of politicians and questionable practices in DC and throughout the US.
[2:00] Questions from the Happy Hour segment on Jason Hartman’s Youtube.
[4:30] What are big tech companies afraid of?
[8:30] Lowest interest rate in 5,000 years.
[13:20] “We are geo-independent!”
[16:30] The founding of Judicial Watch.
[19:00] What kind of revolution are you talking about?
[23:55] What in the constitution gives judges life tenure?
[27:45] Larry discusses some of the tyranny in legislative branches.
[35:00] Do you recognize this government as your own?
Mon, 25 January 2021
Jason Hartman breaks down the misunderstandings of inflation by analyzing Peter Schiff and Jim Rickards' debate. Before we can agree on whether we are in an inflationary or deflationary environment, we have to conclude the definition of inflation.
Adam joins the Creating Wealth Podcast for a January 2021 mortgage update.
[2:45] Jim Rickards on "monetary stimulus."
[3:30] Inflation and the velocity of money.
[6:30] How big can the bubble get before it pops?
[9:45] If you promote something, the price will rise.
[16:25] "I don't care what the Fed looks at, I care about reality." - Schiff
[17:45] Will we see dramatic increases in consumer products?
[23:30] Are we, the people, being gaslighted by big tech and the mainstream media?
[24:00] Mortgage update with Adam
Fri, 22 January 2021
1638 FBF: Fiscal Policy, Corporate Taxes & America's Economic Progress with Dan Mitchell Senior Fellow at the Cato Institute
Original Release Date: 4/22/15
Dan Mitchell talks about what’s happening in the government’s fiscal policy and how it’s influencing the economy.
Jason invites Fernando on to the show and answers a couple of his questions on lease renewal. Dan Mitchell is also today’s Creating Wealth guest. Dan is a senior fellow at the Cato Institute and talks about high corporate taxes, the fiscal policy, and recommendations on how a country’s economy can grow instead of collapse.
1:40 – Fernando shares his opinion on the mastermind group he and Jason are currently attending.
5:50 – Fernando has two questions about upcoming property renewals and wants to pick Jason’s brain on what he should do.
15:20 – Jason introduces Dan Mitchell.
20:05 – Taxing US citizens world wide is a nightmare.
26:05 – The US understands that it can’t go down the same route as failing economies like Greece.
33:58 – We can no longer view the government as a sugar daddy.
Mentioned In This Episode:
Wed, 20 January 2021
Jason Hartman shares his opinion on what to expect from the Biden administration and their tax plan. Does this benefit the investor? Is Joe Biden the Manchurian candidate?
Jim Rickards returns in part two to discuss the cause of inflation and his opinion on whether we will see the US in an inflationary state or not. As well, Jim shares his views on gold, silver, and bitcoin.
Jim Rickard's Book: The New Great Depression
[1:40] Experience your experience: the first step on mastery.
[4:40] Is Biden the Manchurian candidate?
[6:15] Let's talk about Biden Tax Plans.
[10:30] The greatest management principle: what gets rewarded, gets repeated.
[17:00] Commenting on Tucker Carlson, pre-inauguration.
[27:15] Homework: Search "Citizens United."
Jim Rickards continued from Episode 1636
[30:35] What causes inflation?
[33:45] Your Keynesian multiplier works up to a debt to GDP ratio of about 90%.
[39:20] Why buy gold and silver if you're not afraid of inflation?
[41:25] Bitcoin, will it ever have a chance of being a global currency or taking over the dollar?
[49:00] Millions of people are migrating out of major cities; where are they going?
Mon, 18 January 2021
Censorship and political speech, Jason Hartman asks you where the line is drawn. Remember, to maintain control, Jason Hartman's Commandment Number Three.
Jason Hartman talks with Jim Richards, author of The New Great Depression. Jim shares his discoveries about the lockdown, the stock market's influence, and asset bubbles vs. asset inflation.
Jim Rickard's Book: The New Great Depression
[3:10] Political speech, what are we allowed to say?
[8:30] Thou shalt maintain control.
[11:45] A story about misappropriation and misleading.
[23:20] You cannot understand The New Great Depression without looking into the pandemic.
[24:00] "What I discovered was that the scientists don't agree with each other."
[30:25] Have the lockdowns killed more people than they have saved?
[36:00] The stock market no longer bears any relation to the real economy.
[40:00] Did the lockdown cause a pent up demand?
[44:00] Asset bubbles or asset inflation?
Fri, 15 January 2021
What Time is it? It’s an Amazing Time to Be Alive
Say this 10 times real fast, Inflation Induced Debt Destruction, now make it your mantra. Would you like someone else to pay your bills for you? Well when you buy income property it is exactly what happens. Your tenants pay down your debt while your property appreciates. Today, Jason outlines a chart from way back in the Creating Wealth archives. He will make the chart available to all of you listeners soon. The chart introduces the intricacies of inflation. He then takes us through most of the asset classes and how they perform against inflation.
[3:30] 3 Types of markets are linear, cyclical and hybrid
[6:02] Published reports and statistics can’t be trusted
[9:53] Will your kids ever learn to drive a car?
[11:53] A 16 year cyclical market (Orange County, CA) compared to a linear market (Lansing, MI)
[12:50] Commandment #5 – Thou shalt not gamble. The property should make financial sense
[16:58] What time is it? It’s an amazing time to be alive!
[19:50] The Meet the Masters Event is coming up. Garrett Sutton will be there.
[20:33] Asset class top performers
[23:12] Inflation induced debt destruction
[23:59] Waiting, substitution and hedonics make people believe inflation is lower than it is
[24:52] Outsourcing your mortgage debt to tenants, they are paying your debt
[27:33] The problem with the Affordable Care Act aka Obamacare
[30:34] Rental income is governed by housing affordability
[32:00] Stock markets can be manipulated and are medium-low indexed to inflation,
[33:33] Cash & taxes are low strength versus inflation – taxes aren’t calculated for inflation
[38:20] Low information people are clueless about the government
[39:35] Income property investors can turn the tables on the government
[40:39] Join the Venture Alliance Mastermind in Dubai
Direct download: _CW_1635_FBF__TURNING_THE_TABLES_ON_THE_GOVERNMENT_THROUGH_INCOME_PROPERTY.mp3
Category:general -- posted at: 5:00pm EDT
Wed, 13 January 2021
Jason Hartman announces Youtube Contest Winners with a couple of clips from our talented submissions. As well, Jason talks about a history of bubbles: from Tulip-Mania to Dot-Com, and even Bitcoin. Are we in a real estate bubble right now?
Jason Hartman talks with New Zealander and the founder of Landlord Studio, Logan Ransley, who shares his findings from his companies residential real estate index report.
[2:00] Clips from our Contest Winners!
[6:00] Let's talk about bubbles for a moment.
[9:00] Homes are less expensive today compared to 14 years ago. Find out more.
[10:20] Self-liquidating debt?
[13:10] Looking back at bubbles, starting with .com
[16:15] Is bitcoin in a bubble?
[18:20] What's Tulip-Mania? The Tulip Bubble?
[22:10] Twitter deleted 4.5 million accounts of conservative Twitter users.
[27:30] Real Estate felt grim mid lockdown.
[30:00] Rental reports don't show the same grim eviction rates that 'click-bate' portrayed through the 2020 pandemic.
[31:00] Rental graphs being depicted based on numbers of 10,000 active leases.
[34:20] What percentage of rent REALLY being collected, and how late?
[37:20] "Although the rent was taking longer to be connected, it was still being collected at the same rate."
Mon, 11 January 2021
Things that Americans believed could never happen are happening right now. Jason Hartman talks about the ever-growing censorship or the ever-diminishing freedom of speech. From being blocked on Facebook to being censored on YouTube, Jason shares his experiences with censorship, and for what?
[4:00] A huge amount of money created in the US was made in the last 12 months!
[6:00] People are scared and refraining from their social lives.
[7:45] “Give us our property and liberty, and we [the government] will take care of you.” Is this The Great Reset?
[8:45] What’s The Insurrection Act?
[11:30] Book Recommendations: 1984 by George Orwell, Fahrenheit 451 by Ray Bradbury, Brave New World by Aldous Huxley
[14:15] Is big tech behind memory-holing?
[21:00] Competition is good for companies.
[28:00] Big tech and censorship, how far has it gone?
[40:40] Can private businesses do whatever they want? To what extent?
Direct download: CW_1633__THE_END_OF_AMERICA_What_Should_We_Do_.mp3
Category:general -- posted at: 5:00pm EDT
Fri, 8 January 2021
Originally Released: Dec 27, 20122
Jason talks with one of his twenty-something clients who’s getting off to a good start as a real estate investor. Starting at the ripe old age of 26, Drew acquired three good rental properties that produce income of around $3,000 per month. In this multi-faceted case study interview Jason and Drew talk about the presidential debates, with a special focus on Ron Paul, buying a home vs. renting a home while purchasing income property.
The rent versus buy analysis takes on new meaning in today’s economy as we consider the “opportunity cost” of a huge downpayment and large monthly payment in overpriced areas of California or any market with undesirable LTI Ratios or “Land-to-Improvement Ratio” (an acronym and concept created by Jason as part of The Hartman Risk Evaluator). As Rich Dad, Robert Kiyosaki, says; “Your house is not an asset, it’s a liability. Assets produce income, your house costs money.” You’ll also hear some thoughts on home-based businesses.
Take advantage of our member section and hear premium interviews with (from Wikipedia):
Jim Rogers who ran the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI). Jim has some great books too:
1995: Investment Biker: Around the World
Brian Tracy is a member of the board of trustees for the Heritage Foundation, a conservative Washington, D.C.-based public policy research institute.
The Brian Tracy College of Business and Entrepreneurship at Andrew Jackson University (a distance learning school based in Hoover, Alabama), is named after him and based on his teachings. At the New York headquarters of ALM Media, a legal publisher, a motivational quote of Tracy’s appears on the office wall: “excellence is not a destination; it is a continuous journey that never ends.” His books include:
Maximum Achievement: Strategies and Skills That Will Unlock Your Hidden Powers to Succeed
Garrett Sutton has over twenty-five years experience assisting and advising entrepreneurs, families and businesses in selecting the appropriate corporate structures to limit their liability, protect their assets and advance their personal and financial goals through real estate investments and other means of wealth creation.
An 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.
Garrett has authored Own Your Own Corporation, The ABC’s of Writing Winning Business Plans, The ABC’s of Getting Out of Debt, How to Buy and/or Sell a Business, and recently developed a new product Start a Business Toolbox. He co-authored Real Estate Loopholes. These titles are included in the “Rich Dad, Poor Dad” wealth-building book series. Additionally, under the SuccessDNA Publishing label, Garrett has authored and co-authored numerous books including How to Use Limited Liability Companies and Limited Partnerships. 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.
Garrett also serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, The Sierra Kids Foundation and the Nevada Museum of Art, both located in Reno, Nevada.
Wed, 6 January 2021
Bob Pinnegar, CAE, is the President and Chief Executive Officer of the National Apartment Association (NAA), the leading voice and premier resource for the rental housing industry. Jason Hartman interviews Bob Pinnegar to discuss real eviction numbers and the possible expansion of Section-8. How have construction costs made it impossible to build new starter homes? How will the US residential and commercial picture change? Will it merge? Or will it move away from all norms?
[1:30] Could ANTIFA be behind that attack on Capitol Hill?
[3:00[ Maybe UBI isn’t all bad?
[3:45] Celebrating 1 Million Views on Youtube. Thanks to all of our Subscribers!
[7:30] 2020, A Year In Review
[21:25] Have there been evictions, have there been non-payment issues?
[26:00] Will we see an expansion of Section-8, or a newer rental assistance program, or possibly UBI?
[30:00] 70 Billion in unpaid rent is expected, but what is the standard for unpaid rent?
[32:30] The construction costs make housing affordability impossible to build.
[35:30] Our refusal to deal with housing problems has caused a change in urban communities.
[38:00] Will major urban areas continue to have mass appeal?
[39:00] Shopping malls have been redesigned into a lifestyle center?
[40:20] Rental housing will still be largely in demand.
Direct download: CW_Eviction_Problems_or_Not__National_Apartment_Assoc._Bob_Pinnegar.mp3
Category:general -- posted at: 5:00pm EDT
Mon, 4 January 2021
New Year, New Goals, Same proven asset class! Jason Hartman invites you to celebrate with him another fantastic year of prosperity for all real estate investors practicing some of Hartman’s proven investment techniques. Following the celebration, we must look for the “what next” plan or goal. How do you build your goals? Do you write them down? Do you create realistically achievable goals?
[1:30] Let’s celebrate our prosperous year of 2020 and look forward to another great one to follow.
[5:00] The Hartman Stimulus Payment CONTEST
[8:45] Be a self-sufficient person.
[10:00] 80% of Americans do not have goals, and even fewer have written them down.
[10:40 New Years’ Resolutions are so cliche.
[12:15] A goal should be just out of reach but not out of sight.
[15:20] The Winner of the 5-Year Plan Video Contest
[15:40] Winner, Michelle, laid out how she and her family intend to achieve their income property goals.
[21:20] It’s the kind of person we become just by trying.
[22:00] SMART Goals
[23:00] Smartsheet from monday.com
[26:50] Balance out your portfolio.
Fri, 1 January 2021
1629 FBF: Finding & Keeping Great Tenants + Tips for Landlords & Property Managers with Real Estate Investor Barb Getty
This episode of FlashBack Friday was originally published on: Jan 23, 2013
Jason Hartman is joined by author and real estate investor, Barb Getty, as she talks about her journey into real estate investing, what it takes to be a good landlord or property manager, how to find and keep great tenants, and explains the eviction process.
The second of four children, Barb was born and raised in Gary, IN. She graduated cum laude from Purdue and married soon after. After seven moves in nine years of marriage, her family settled in Indianapolis.
Tragedy struck in 1992 when her 17-year-old son was killed in a car accident. Her daughters were 16 and 14 at the time. Sadly, Barb’s 21-year marriage ended eight months after Todd’s death. She bought a small home needing repairs, and following the fix-up, she and her daughters moved in.
Pleased with that first project, Barb purchased her first duplex (with little money, no credit and no experience), hoping she had the wherewithal to be a landlord. Today, she owns 27+ units -- a mix of single and multi-family, low and middle income rentals. CNBC.com interviewed her recently and the article also appeared in USA Today. Barb has also added high-end property management, consulting and speaking engagements to her business.
Although she hasn’t had an easy road, Barb is both financially and emotionally invested in her work. She invites people to watch a video showing scenes she faces as a landlord in the inner city. It’s very compelling. Barb authored The Landlord Chronicles: Investing in Low and Middle Income Rentals, published in 2010. Armed with a positive attitude and a strong sense of humor, Barb Getty is making a difference in her tenants’ lives, the neighborhood and the city as well.
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
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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.