1625: Life in 2021? Property Profile, Wage Growth & Labor Participation Rate

Dec 28, 2020

30:56

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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.

Key Takeaways:

[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