BiggerPockets Real Estate Podcast 526: BiggerNews November: Congress's $40B Sucker Punch to Real Estate Investors (See Update!)
Nov 2, 2021
In this engaging discussion, Jeff Watson, an attorney and self-directed IRA expert, sheds light on the proposed Build Back Better Bill and its concerning implications for real estate investors. He labels the bill a 'nightmare' for those seeking private funding. Amidst ongoing inflation, the hosts share strategies to protect investments and the crucial need to act quickly. They also explore the challenges smaller investors face against bigger players in today's tightening market, emphasizing real estate as a resilient hedge against economic uncertainty.
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Inflation Explained
- Inflation increases the cost of goods and services, typically tied to increased currency creation by governments.
- This increased currency makes the currency worth less, requiring you to spend more to get the same items.
Tulip Mania and Inflation
- Morgan Housel, author of "The Psychology of Money," discussed how printing money contributes to inflation, but supply shortages exacerbate it.
- He used the tulip mania in Holland as an example of how fear of shortages drives hoarding and price increases.
Real Estate's Allure in Inflationary Times
- Low interest rates and limited investment options push people towards real estate, increasing demand.
- Technology and education platforms like BiggerPockets make real estate investing more accessible, further fueling demand.
