Creating Wealth Real Estate Investing with Jason Hartman 1255: New Refinancing Rules & the Entitlement Society with Dr David Kelley, Part 2
Jason Hartman and Adam start off today's show discussing how rates have allowed more and more people to start refinancing their homes, but also how federal mandates are allowing them to pull less money from their homes. This is having the effect of both putting more money into the economy but also keeping the housing market safer than it was before the Great Recession.
Then, Jason finishes his conversation with Dr. David Kelley, founder of The Atlas Society and current Chief Intellectual Officer for the society, about the degradation of our society where people are viewing minimum wage jobs as careers and the dangers of our entitlement society.
Key Takeaways:
[2:09] There are microscopic creatures that can survive in outer space and some of them ended up on the moon thanks to an Israeli probe
[7:53] Lower rates have made 8.2 million homes available for refinancing
[10:19] A lot of people will be making a lot of money off the increase in refinances, so it's good for our economy
Dr David Kelley, Part 2
[16:26] We have degraded to the point that people are considering minimum wage jobs as careers
[20:41] Entitled mentality is toxic to society
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