Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Jun 9, 2023 • 37min

2010 FBF: Larry Winget - Pitbull of Personal Development, Taking Control of Your Life

Today's a Flashback Friday and a 10th episode! This one is from episode 560, published last August 26, 2015. If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn't ring true for you then you need to "grow a pair" and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn't help anybody. https://larrywinget.com/ Last call for Jason Hartman University Live in San Diego. Key Takeaways: Jason's Editorial 1:58 Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego 3:33 The Venture Alliance trip to Newport Rhode Island in the last days of September 4:56 Is this the beginning of the economic meltdown 6:04 Content for JHU Live includes specialists in land contracts and investment property lenders Larry Winget Interview 8:07 Entitlement is the biggest enemy to our society 8:59 People need stronger opinions and need to stand up for them 9:44 Living on the edge is what gets one into history books 10:50 The "I have a pair" test 12:16 If you put up with something you condone it 12:50 If you want to do the other party a service speak up about crappy service 13:54 Peale's "ruined by praise than saved by criticism" quote 14:57 Ground your opinion and refuse to create drama 16:14 I provoke people on purpose 17:33 Which is better having rabid fans or rabid enemies 19:35 I can count on my haters, they buy my products 20:28 Numbness is a caused by a of lack of confidence in a speaker's' faith in what they say 21:51 Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees 23:27 We expect more out of our government than we expect out of ourselves 25:21 Being in the middle is a safe place but it's no fun 27:12 Honest and open communication isn't welcome in a world of political correctness 28:44 I respect all opinions on my social media page 30:38 It's not about changing somebody else it's always about yourself 32:49 Kid's need to experience failure and friends need the truth Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 7, 2023 • 33min

2009: Artificial Intelligence and the Future: Job Displacement, UBI, Technological Breakthroughs and Adjustable Rate Mortgages

In this episode, Jason shares updates from his European journey, starting with his time in Budapest and now on a river cruise along the Danube River. He reflects on the potential impact of artificial intelligence (AI) on the future of humanity and the job market. With AI's ability to generate language and automate tasks, it raises questions about job displacement and the need for universal basic income. Jason discusses the ongoing battle between deflationary technological advancements and inflationary monetary policies. He invites listeners to share their opinions on the subject and explores the emergence of "prompt engineering" as a new skill in the AI era. He then discusses the current state of the real estate market, emphasizing the importance of understanding sales volume and pricing as separate entities. He highlights the misconception that lower sales volume is solely due to lower demand, when in reality, it can be attributed to a lack of inventory. Hartman explains that the market has experienced a decline in sales volume, but not significant pricing changes. Additionally, he points out that the focus of discussions in the real estate market is primarily on prices rather than rental yields and income. Hartman emphasizes the significance of considering rental income when making investment decisions. He also highlights the alarmingly low housing inventory, with only 420,000 homes for sale in the United States, creating a shortage. Finally, Hartman briefly touches on adjustable rate mortgages, stating that they are becoming more attractive to buyers in the current market. Understanding the workings of adjustable rate mortgages is crucial for those considering this option. #ArtificialIntelligence #AI #futureofwork #jobdisplacement #UBI #technology Key Takeaways: 1:22 Cruising along the Danube River 3:00 Ai, Large Language Model (LLM) and the jobs lost and created 6:45 Universal Basic Income (UBI) and the deflationary and inflationary forces 10:05 Let us know your thoughts https://www.jasonhartman.com/ask 10:57 Concerns about generative Ai and the upcoming industry of Prompt Engineering 12:56 From Ice bath to blood bath: California struggles with inventory 15:37 Coco in bed- bringing cheer to many! 16:31 California numbers below the 2022 and 2021 levels 17:31 Conflating sales volume versus sales prices 22:18 US SFR Total Available Inventory - Weekly, By Year 24:27 5 major factors of Adjustable Rate Mortgages 30:00 Empowered investor Pro meeting - Hybrid Property management Mentioned: Altos Research Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 5, 2023 • 37min

2008: Insights into the Economy, Markets, the Everything Bubble and Income Investing: The Outlook for Credit Spreads in 2023 with David Hay

Today, Jason discusses his recent trip to Budapest, Hungary and yacht week in Greece. He believes the Fed must pivot and lower interest rates and increased housing affordability will lead to a rebound in the housing market. The majority of investors are buying properties and taking more control over their finances by using the hybrid self-management approach he recommends to his exclusive group Empowered Investor Pro. And in this episode Jason welcomes David Hay, financial advisor and chief investment officer of https://evergreengavekal.com/ giving a macro outlook on today's economy. David shares deep insights into the economy, markets, and income investing. With a focus on generating cash flow from investments, their expertise lies in income generation. Hay believes we're on the verge of a major credit spread expansion, which is crucial for financial markets and the economy. Credit spreads, the difference between government and corporate bond yields, widened significantly last year, negatively impacting balanced portfolios. While credit spreads narrowed and led to a rally, Hay predicts another widening due to rising bankruptcy and tightening lending standards. Understanding credit spreads can provide buying opportunities and higher yields in the future, despite market timing challenges. Key Takeaways: Jason's editorial 1:29 Traveling to Budapest 2:34 We're having a macro outlook at our economy and when the FED pivots 4:25 Empowered Investor Pro and the hybrid approach to property management David Hay interview 5:47 Introducing David Hay of https://evergreengavekal.com/ 6:43 Major credit spread expansion and defaulting Junk bonds 13:09 Bubble 3.0 - the commercial space meltdown 15:24 Dicing up the corporate bankruptcies 17:51 What is the FED going to do 19:00 Emerging markets, interest rates and the QE markets 22:49 "Greenflation" is incredibly inflationary 24:15 De-globalization and inflationary pressures and the current housing shortage issues 27:05 Pivoting the FED, the debt ceiling distraction and the 4 Fs scenario 29:12 The oncoming train wreck this second half of 2023, the tsunami after the tsunami 33:24 Kicking the 'can' down the road- indefinitely Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 2, 2023 • 42min

2007 FBF: Wall Street Stock Swindlers & Student Debt with Zac Bissonnette Author of 'Good Advice From Bad People'

This Flashback Friday is from episode 398 published last August 11, 2014. Zac Bissonnette is the author of, "GOOD ADVICE FROM BAD PEOPLE: Selected Wisdom from Murderers, Stock Swindlers, and Lance Armstrong." He previously wrote, "How to Be Richer, Smarter, and Better-Looking Than Your Parents", and "Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents." Bissonnette discusses why car loans are for suckers and why leasing a car is a poor choice. He then talks about the influence parents have on their kids' decisions relating to financial management and the correlation between spending and watching television. Bissonnette finishes the discussion by analyzing some of the worst advice given in the modern day: "When you know what you are talking about, others will follow you, because it's safe to follow you." —Lehman Brothers CEO Richard Fuld, 2006 "Winning is about heart…. It's got to be in the right place." – Lance Armstrong "The day you take complete responsibility for yourself, the day you stop making any excuse, that's the day you start to the top." –O.J. Simpson, 1975 "I think the most important thing is restore a sense of idealism and end the cynicism." –future Illinois Governor Rod Blagojevich, 2002 "The best chance for the average investor is to put money in an index fund." – Bernie Madoff Zac Bissonnette is a personal finance writer. His first book, Debt-Free U, landed him on The Today Show, Sean Hannity, The Dave Ramsey Show, The 700 Club, and the Fox News Channel. The Washington Post called Debt-Free U "the best and most troubling book ever about the college admissions process." It has been featured by The BBC, The New York Times, The Huffington Post, Bloomberg, Christian Science Monitor, USA Today, The Suze Orman Show, The Boston Globe, ABC News, and many others. His second book "How to Be Richer, Smarter, and Better-Looking Than Your Parents" was a New York Times Bestseller. He was also the editor of the Warman's Guide to Antiques & Collectibles and he is a contributing editor with Antique Trader. He has written for various media outlets including GLAMOUR, The Wall Street Journal, The New York Times Online, The Boston Globe, and The Daily Beast. His is currently working on his next book, the story of the Beanie Babies bubble of the 1990s. Find out more about Zac Bissonnette at www.zacbissonnette.net. Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 31, 2023 • 28min

2006: The Current Real Estate Market: Rental Challenges, Institutional Landlords, and Homeownership Trends

Today's episode continues with Jason and Jay Parsons talking about the current state of the rental market and the impact of institutional landlords in single-family home investments. Despite concerns about high rent-income ratios, Parsons believes that the reality is different and that leasing to someone paying half their income on rent is improbable. They also discuss the low inventory in the housing market, the decrease in sales volume, and the absence of a crash despite interest rate increases. Parsons attributes the stability of the market to favorable income levels, job security, and low distress in the homeownership market. They anticipate that banks will work with consumers through loan modifications in the event of a sustained shock. #rentalmarket #housingmarket #institutionallandlords #inventory #interestrates Key Takeaways: 1:28 Jason and Coco on a yacht in Greece Jay Parsons' interview part 2 3:04 Issues with the rent index 5:50 The future of institutional landlords 7:38 Decline in sales volume, the 'Crash Bros' and the FED wanting to see wage growth go down 11:45 The non-distressed homeowners, moratoriums, stimulus checks and non-performing loans 13:00 Current state of the multifamily/apartment market 16:31 Multifamily and apartment vacancies 18:43 Housing from the repurposing of office buildings and shopping malls 20:40 Disruptive technologies that will solve the housing problem 21:25 In spite of the economic noise, long term rental property investors will be fine 22:57 Join The Collective Mastermind Group https://thecollectiveadvisors.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 29, 2023 • 36min

2005: The Current State and Future of Rental Housing: Exploring COVID-19's Impact, Demand Surge, and Challenges for Affordable Housing with Jay Parsons

Today, Jason talks about the importance of focusing on rental yields and overall return on investment rather than speculative appreciation. While rental prices have been decelerating, they are still increasing by over 4% annually. Visit https://www.jasonhartman.com/ for property investment information and a free video on how to read a proforma for real estate investment and check out his social media accounts for shorter real estate investing lessons. Jason welcomes rental housing economist Jay Parsons for part 1 of today's podcast. Jay serves as Senior Vice President, Chief Economist for RealPage, leading the Economist and Industry Principal teams to provide deep insights on market trends and consumer behaviors. He is a frequent author and speaker on topics affecting multifamily apartments and single-family rentals, including rental housing investment and asset management strategy, rental housing policy issues, risk mitigation and property management. Jay has been cited in The Wall Street Journal, Bloomberg, The Financial Times, The Economist, and The New York Times, and he has appeared on CNBC and BloombergTV. His commentaries have been published by Barron's, the Pension Real Estate Association, the Mortgage Bankers Association, the National Apartment Association, American Banker and GlobeSt. Jason and Jay discuss the current state and future of rental housing. He highlights the roller coaster nature of the rental market, with a slowdown during the COVID-19 pandemic followed by a surge in demand in 2021. Rent growth has been strong, although it has moderated compared to the previous years. The rental market's performance varies by geography, with some areas experiencing a slowdown while others remain strong. Jay also discusses the influx of new multi-family inventory in the market, which reached a 50-year high due to strong demand and construction activity. While there may be short-term imbalances between supply and demand, Jay emphasizes the long-term need for more housing supply. He believes that the rental market, including both single-family rentals and multi-family apartments, will continue to experience strong demand due to demographic factors. Millennials and Generation Z are entering the market, and the housing market will benefit from their demand for rental properties. However, Jay acknowledges the challenge of providing affordable and workforce housing. Most new construction caters to higher-income households, and building affordable housing is easier said than done. The cost of land, labor, and materials, as well as regulatory restrictions, pose significant obstacles to affordable housing development. Nimbyism (Not In My Backyard) attitudes and opposition from neighbors and local governments further complicate the issue. Jay emphasizes the need to bridge the gap between ideals and practical implementation to address the shortage of affordable housing effectively. Key Takeaways: Jason's editorial 1:17 Rental rates are going up! 2:41 Watch the video crash course on "How to read a Proforma" on https://www.jasonhartman.com/ and follow me on Instagram and Twitter 4:06 My Europe trip, loosing my luggage and standing up to the corporatocracy! 14:21 Uncertain economic outlook keeps renters where they are, pushing cap rates up Jay Parson interview 16:11 Welcome Jay Parsons; rental rates are closer to normal 17:41 It's all dependent on geography 20:47 Demographics, household formation age and the demand tailwinds 22:48 Building affordable workforce housing 26:41 So many requirements to build cheap new houses which brings the cost way up 28:00 A little hope from Florida 29:35 Moving up or down the socioeconomic ladder 32:22 The rent to income ratio, tracking apples & oranges Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 26, 2023 • 50min

2004 FBF: Restoring America's Free Economy with Charles Goyette Host of 'Ron Paul's America' Radio Show

Today's Flashback Friday is from episode 416 published last September 22 2014. Charles Goyette is the Host of "Ron Paul's America" radio show. He joins the podcast to give his dramatic solution to prevent the coming financial ruin. He believes the longstanding practice of crony capitalism strangles our economy. He thinks we need to reign in overseas spending and end American interventionism. He then explains whether it is fair for younger people to subsidize older people. New York Times bestselling author Charles Goyette spent many years as an award-winning and popular Phoenix radio personality. Admired for his "Fearless Talk Radio," Charles was named Best Phoenix Talk Show Host by the New Times. Because of his insistence on holding all poiticians - regardless of party - accountable to the same strict standards, Charles was widely known as "America's Most Independent Talk Show Host." His years of experience as a financial professional have served his listeners well as he sounded the alarm about the mortgage bubble well in advance of the calamity and described the consequences of the governments reckless economic behavior in his clear, easy to understand manner. Charles is no newcomer to the national economic debate. In fact, more than 25 years ago Charles arranged for a then little-known Texas Congressman named Ron Paul to be the keynote speaker at a series of monetary conferences he hosted. Goyette has often been called on to share his views with television audiences nationally on Fox News, CNN, MSNBC, PBS, CNBC and Fox Business Channel, including on the Glenn Beck Show and The O'Reilly Factor with Bill O'Reilly on Fox News; NOW with Bill Moyers on PBS; and on Lou Dobbs Tonight on CNN, where he repeatedly warned before the current turmoil the "economic calamity the Republicans and Democrats" were creating. He has written for a number of magazines including The American Conservative and Gannett magazines, and for LewRockwell.com, CNBC.com, WorldNetDaily.com, and TheStreet.com. Listen to "Ron Paul's America" at www.ronpaulsamerica.info Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 24, 2023 • 33min

2003: UNBELIEVABLE! Prices CRASHING in Western States! Find Out How YOU Can PROFIT NOW!💰💥

In today's episode, Rick continues his series of charts that show where the current local housing markets are. See prices declining most rapidly in western states while Jason's linear markets like Alabama and parts of Florida continue to increase. Migration patterns, job and population growth are factors in local markets are things investors need to understand if they are to succeed and make profits. You almost have to ignore these national headlines that do not inform you of these critical local market trends. Discover how most states experienced price increases in March, with western states witnessing the most significant price declines. Learn about population migration patterns from high-cost and high-tax states, as well as the impact of remote work on the crash of office and commercial real estate in San Francisco. Explore the current talent diaspora and its implications for the market. Get insights on the year-over-year decline in single-family residences and the gradual rise of multifamily properties. Analyze Q1 rental rates, SFH data, and rent increases to identify signs of recovery. Understand how migration patterns from high-cost to lower-cost regions are driving prices. Explore the exit ratios of major coastal metros in the U.S. and the close correlation between job growth and population migration. Discover how demographics could provide a positive influence on the market. Gain insights into the significant presence of investors and cash buyers, who accounted for 45% of Q1 2023 sales. Evaluate the housing affordability index and its limitations. Lastly, dive into the outlook for 2023. Don't miss this comprehensive analysis of the real estate landscape! #marketinsights #RealEstate #HousingMarket #InvestmentTips Key Takeaways: Jason's editorial 1:22 The misinformation out there just continues to amaze me 2:28 Check out Jason's YouTube channel https://www.youtube.com/@JasonHartmanRealEstate to comment and see the graphs and charts Rick Sharga interview Part 2 2:54 Most states saw prices increase in March 5:42 Prices declining most rapidly in western states 6:57 Population migration patterns from high cost and high tax states 8:30 Working remotely and the crash of office and commercial real estate in San Francisco 10:29 "The World is Flat" - the current talent diaspora 12:11 SFR decline YOY, Multifamily Rises but slowly 13:06 Q1 rental rates show signs of recovery and SFH data and rent increases 20:05 Migration Patterns from high cost to lower cost regions drive prices 20:58 Major coastal metros have highest exit ratios in the U.S. 21:37 Job growth tracks closely to population migration patterns 24:18 Demographics should ultimately provide a tailwind for the market 25:35 Investors and cash buyers account for 45% of Q1 2023 sales 27:54 The housing affordability index and its shortcomings 3018 Outlook for 2023 Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 22, 2023 • 36min

2002: Breaking News- This is Why the "Crash Bros" are Just Wrong

Jason hosts Rick Sharga from C.J. Patrick Company who spoke about the current state of the economy and housing market. They discussed the cause of the resilience of the housing market despite 10 consecutive massive rate hikes. Rick stated that this is due to the large cohort of young adults currently coming of age and forming households, and the fact that people like having a roof over their head. They concluded that despite the rate hikes, the housing market is doing well. Rick discussed how demographics and the Fed funds rate increase have affected the housing market. He noted that in 2021, mortgage rates had doubled in a calendar year for the first time in history, leading to a higher cost of monthly payments for home buyers. He also mentioned how 70% of homeowners have mortgage rates of 4% or lower, which means they are not in a hurry to take on a higher rate. This is keeping inventory levels low, combined with growing demand, and causing prices to remain stable. He also noted how this is frustrating those who predicted a housing market crash. Rick Sharga and Jason Hartman discuss the current foreclosure rate, which is about half of the normal rate. They state that 93% of borrowers who are in foreclosure have positive equity. Of those 270,000 borrowers in foreclosure, 100,000 of them have 20-50% equity, 60,000 have more than 50% equity, and 20,000 have more than 75% equity. They also discuss the current state of the housing market. Mortgage rates have been increasing, but they seem to be stabilizing in a band between 6.25% and 6.75%. Existing home sales, inventory levels, new home sales, and rental pricing are all up from last year. Investor activity is also up. The Fed indicated at their last meeting that rates will remain stable until June. Key Takeaways: Jason's editorial 1:17 Crash bros are just wrong 2:57 In Nashville, inventory is super low; awesome financing offers Rick Sharga interview Part 1 4:47 Welcome Rick Sharga, first time mortgage rates doubled in a calendar year 8:17 Foreclosure issues 11:39 Primary Mortgage Market Survey 17:40 Higher rates have crushed affordability 18:25 Purchase loan apps off 35% from prior year 20:36 Existing home sales down from February - and 22% below last year 23:07 Inventory increases in April, but new listings down significantly 23:41 New home sales improving as builders offer incentives 24:29 Inventory coming to market slowly, and selling quickly; disruptive technology & other issues 29:04 The current problems with multifamily housing 30:38 Price appreciation has declined rapidly 31:08 Most regions are still positive year over year 33:31 Most states saw prices increase in March Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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May 19, 2023 • 53min

2001 FBF: Declining Marginal Utility with Bill Bonner of Bonner & Partners and Agora Financial - Author of 'Financial Reckoning Day'

This week's edition of Flashback Friday is from episode 425 published last 13 October 2014. On today's Creating Wealth Show, host Jason Hartman talks to financial maven and author, Bill Bonner, about his new book, Hormegeddon, how to create money out of thin air, the situation in Japan and whether you really can have too much of a good thing. Bill's company, Agora Financial, is a leading marketplace for advice and talking points about everything to do with investing so he's perfectly placed to assist those looking to increase their investment prowess. Ahead of the interview, Jason addresses the Elon Musk announcement of semi-autonomous cars and their inevitably disruptive impact on everything – including real estate. Key Takeaways: – The title for Bill Bonner's latest book, Hormegeddon, comes from the term for specific biological experiments which went awry: hormesis. – With many of these things they can start out as beneficial but the more you use them, the more issues arise. – The notion of creating money is so difficult for even experts to understand – how can real money be created from absolutely nothing? From thin air? – The trade of the decade assessment is not a prediction; it's all about analysing what's up and what's down. – The situation that Japan is currently in is terrible, and it doesn't look to be improving in the immediate future. – Indeed, there's every possibility that the US could follow suit and end up in a similar situation to Japan, especially with ever-increasing Chinese trade agreements using Chinese currency clauses. – One potential option could be 'direct monetary funding' which is the act of giving money, rather than lending it, in an attempt to bring the economy back up by consumer spending. – If you borrow money long-term for real estate purposes and it's on a low-rate basis, inflation can eventually come along and pay off your debt for you. – Too much of a good thing is only too much. We view security as a good thing, but consider the money the Germans were spending on their own security during the war and that just can't be justifiable. – Declining marginal utility is where you invest too much into one thing and it all backfires. – Decades ago, the huge houses used to be owned by people who made things and had a real role in society and manufacturing; now they're just owned by hedge-fund guys. – With all of the technological advances now occurring, this is an amazing time to be alive. – Agora exists as a marketplace to collect together everyone's questions and answers about investing because no one knows who's going to have the right answer. – For more information, head to www.AgoraFinancial.com or for an entertaining read, check out www.DailyReckoning.com Tweetables We spent 200,000 developing our sentiments and our bodies as humans, but now we're so unequipped to deal with quantitative easing. Empires get to impose their currency, but over time, they lose that ability – the dollar could seriously fall. Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

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