Creating Wealth Real Estate Investing with Jason Hartman 1685: Inflation Nation! It's Getting Ugly! & May Mortgage Rate Update
Jason Hartman takes today's episode to explore what is goign on in our country in regards to inflation. We're being told it's fairly mild, but if you look around you'll see that we're clearly not being told the whole truth. EVERYTHING is increasing in cost.
Then Investment Counselor Adam talks with one of the network's lenders about what rates are available for investors, what's been driving the slowly rising rates, whether it's worth it to pay points on your loan, and more.
Key Takeaways:
[1:37] The rich have gotten 54% richer during Covid
[5:38] Always align your interests with governments and central banks
[9:18] The supply/demand shock is gone with lumber. Now it's just demand
[12:37] The inflation rate is higher than we're being told
[16:20] We're also seeing inflation in terms of the level of service we receive
Mortgage Update:
[20:28] Rates are higher than they were 4 months ago, but where are they historically?
[25:52] What will happen to rates if the 7% limit is removed?
[27:41] Today's mortgage rates for a 200,000 property
[30:24] What breakeven is considered good for paying points on your loan?
[32:43] Does it make sense to put 15% down?
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