American Monetary Association

Jason Hartman

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Apr 20, 2020 • 44min

321: COVID-19 Baby Boom, When Tenants Can't Pay, Mortgage Update

Jason speaks with a client about their experience with a tenant not paying April 1. What are some creative resolutions to a tenant not being able to pay in hard times? In most situations, being strict with your tenant is advised, but in times as tragic as these, compassion goes a long way. What's to come of China's role in the world? In part two of today's show, Adam checks in with a lender for updates on mortgage rates and what to expect going forward. Lenders are still wary about how the market will go but advances in technology are being improved to close deals remotely. This is because tools are becoming more readily available like online notary with video proof. Key Takeaways: [2:30] Tenants aren't paying rent, but it's our time as landlords to adjust our strategies [8:00] Have a little compassion for your tenants [12:30] Look for creative resolutions to tenants not able to pay April rent [17:40] Now, what is China's role in the world, it's changed so fast? [28:00] When mortgage rates hit historic lows, and everyone is trying to refinance in one month, lenders hit capacity [29:30] As we look for normalcy in the market, lenders are still very wary of where it may go [25:15] Unemployment claims typically hover around $600k (weekly basis), predicted by Goldman Sachs to rise to $2.25 million [39:00] If you want to know what's best for your rate, you want to see the fed or other entities buying up mortgage-backed securities [42:40] Technology is making advances so loans can continue to close, eg. online notary Websites: www.JasonHartman.com/Properties www.JasonHartman.com Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
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Apr 13, 2020 • 1h 8min

320: The Next Depression, QE, Shadow Demand, Repo-Market Harry Dent

Our returning guest, Harry Dent, discusses the economy, company buybacks, and quantitative easing. Take a deeper look into the economic influence of each generation with their peak earning power, and peak spending trends. We are all searching for information on what to expect in uncertain times. Look at patterns Harry has analyzed to predict what's to come. Jason discusses the roommate component as a part of understanding shadow demand for housing. As well, Harry explains the repo-market. Harry Dent shares his thoughts on where Baby Boomers and Millennials will go next, be that downsizing or repurposing the McMansions. What differences between the two generations have led to peak earning and peak spending trends, and how will they affect the housing market? Key Takeaways: [1:30] Harry Dent, Demographer, Famous for predictions on all aspects of the economy [6:00] What is the age of someone's peak earning power and peak spending? [8:50] "Quantitative easing is not putting money into the banks system and lending, it is literally buying financial assets like bonds, which puts more money into the pool that's actually chasing financial assets, and that drives up financial assets." - Dent [11:55] Company stocks are going up because of shrinking the number of shares, rather than growing the economy [13:25] You say the economy is fake? [17:55] Are company stock buybacks really that bad? [18:30] The stock market is the leading indicator of the economy [27:10] Every 90 years, like a clock, we see a bigger bubble and a crash [31:00] What are the biggest bubbles now, Apple, Google, Amazon, tech companies [34:00] China's workforce peaked in 2011 and has been declining ever since [38:40] Harry explains the repo-market [42:00] In general, are the millennials in a good place or a bad place? [52:00] What's to come of the Millenials and the McMansions? [58:00] If we don't rebalance this debt, and go through what you always go through after a debt bubble, we may end up like Japan Websites: www.HarryDent.com PandemicInvesting.com TAX SALE Webinar Link Jason Hartman Youtube: Harry Dent 1-800-HARTMAN www.JasonHartman.com Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
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Apr 11, 2020 • 33min

319: Mastering Money, Build Wealth & Financial Crisis & Going Public, Inside The SEC Norm Champ

Jason Hartman talks with Norm Champ, a partner in the New York office of Kirkland & Ellis LLP about preventing the next crisis. Find out some helpful financial tips from the author of Mastering Money: How to Beat Debt, and Be Prepared for Any Financial Crisis. As the former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), Norm's experience and viewpoint has many valuable lessons. Key Takeaways: [2:05] Where is the next financial crisis going to come from? [5:00] The home in which you live, is not necessarily something that needs to be owned [11:00] Renting vs owning, taking care of the property is one of the major benefits to seeing ownership [15:00] Understanding affinity fraud [20:00] What is the Volker Rule? Was it supposed to replace the Glass-Steagall Act? [28:00] There are some benefits from circulation between the private side and the public side Websites: www.NormChamp.com www.JasonHartman.com 1-800-HARTMAN
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Apr 8, 2020 • 34min

318: Will COVID-19 Bring Money To The U.S. ?

Kerry Lutz returns to the show to discuss the looming recession due to the coronavirus. China is coming back online with products, but who will be on the receiving end? Jason shares predictions on the rise of suburbia and the ever-diminishing desire to live in high-density cities. Who will receive the U.S. bail-out? Key Takeaways: [2:30] You can't shut down the economy for even 90 days and expect to not have a major recession [3:50] China is coming back online to some extent now [7:48] Why would the U.S. bail out the cruise lines? [13:00] The Federal Reserve is now a bond buyer and might soon become a stock buyer as well [16:50] What's to be made of all of the sudden CEO resignations? [19:15] Expansions create millionaires but recessions create billionaires [27:30] The rise of suburbia Websites: www.JasonHartman.com www.Financialsurvivalnetwork.com TAX SALE Webinar Link
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Apr 3, 2020 • 35min

317: 'Federal' Reserve, 1031 Exchange Alternative, Population Density

Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule. Before this investment skill is revealed, Jason shares an update on the promise of the 'federal' reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem. Key Takeaways: [2:10] The US 'federal' reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy [5:32] Winning is a relative game: Here's how you do it! [9:35] "Density is really an enemy in a situation like this (coronavirus)" NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University [10:10] Trump is going to reopen the US [11:00] Chinese are cleaning their money, digital currency [12:00] Everybody needs more room if we are going to be at home all the time [14:25] Guest, Tom [16:45] If you do an installment sale, you pay taxes on an annual basis [19:15] Why is a QI (qualified intermediary) needed? [25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule [28:50] Don't forget the rule of 72 [33:10] This can be a rescue from a 1031 exchange that isn't working out Websites: www.JasonHartman.com
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Apr 2, 2020 • 38min

316: Michael Ainslie, "A Nose For Trouble: Sotheby's, Lehman Brothers, and My Life of Redefining Adversity"

Can we talk about something else? Jason Hartman invites Michael Ainslie to the show to discuss his book, A Nose For Trouble. As well, Michael shares his business tactics helping to grow Sotheby's in his time with the company. In his stories as Director of Lehman Brothers, Michael talks about SATURDAY MORNING, the weekend that changed Wall Street forever, and some hypotheticals had things gone differently in 2008. And finally, Michael shares a brief story about the beginning of The Posse Foundation. Key Takeaways: [3:00] Ten (actually 21) Commandments of Successful Investing, Amendment: Commandment number 22? [7:00] Michael Ainslie [9:15] Sotheby's growth using "good, basic business tactics" [13:18] The art market and purchasing of major works has become a way for new wealth to distinguish themselves [13:40] The Sotheby's scandal with Christie's Auction Company [16:00] Sotheby's real estate, "white elephants" [20:00] SATURDAY MORNING, Geithner said, "you have two hours to save Lehman," the weekend that changed Wall Street forever [24:08] If there were no bailouts, what would that have looked like? [33:10] The Posse Foundation story Websites: www.JasonHartman.com www.ANoseForTrouble.com Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) www.holisticsurvival.com/
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Mar 28, 2020 • 37min

315: Social Distancing, Flattening The Curve & Mike Zlotnik

Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don't work out? Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly. Key Takeaways: [3:00] Hoax or not, we are facing a recession [5:15] √ [10:00] The U.S. is unlike China, think suburbia [11:50] Stimulus Maximus [14:00] How much debt is too much debt? Nobody knows [19:30] How is the market responding to the Coronavirus right now? [20:30] I cannot predict the future, just prepare for the good, bad, and the ugly [29:15] Buying limited partner (LP) shares at a big discount [31:30] A migration away from the dense areas of residence Websites: VIDEO: Don't Expect Millions To Die From Coronavirus, Says Richard Epstein 1.800.Hartman www.JasonHartman.com www.SolomonSuccess.com Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) www.BigMikeFund.com
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Mar 20, 2020 • 25min

314: Black Swan Event Coronavirus, ALM Asset Liability Management Profits with Jeff Twigg

In today's episode, Jason is joined from across the world with Shenzhen, China local, Gary Halmbacher to discuss Black Swan Event Coronavirus. Gary shares his experiences with self-quarantining, and local changes just north of Hong Kong. In the second segment, Jason is joined by Sarasota, Florida realtor, Jeff Twigg. Jason and Jeff discuss aspects of Dan Amerman's workshop, including ALM. The two also discuss the unanticipated predictions made by Dan Amerman. Key Takeaways: [3:05] Guest Gary, from Shenzhen, China explains being self-quarantined [9:40] Guest Jeff Twigg [13:11] Discussion on Dan Amerman workshop, and some of his surprising predictions [16:45] The Roth IRA might go away? [22:35] Means-testing for Social Security [24:00] ALM Asset Liability Management Strategy Websites: www.JasonHartman.com www.JeffTwiggHomes.Com Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) Jason Hartman's Blogcast
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Mar 16, 2020 • 36min

313: The Rising 3 Billion, Heads I Win Tails You Lose

Jason Hartman speaks with returning guest and author of the book, "Heads I Win Tails You Lose," Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020's are going to bring some excitement to the world. Key Takeaways: [20:40] It's not freedom from having to do something, it's freedom to do something. [22:07] The order of magnitude: an interesting time in history where we are going to see massive change. [24:00] The rising 3 billion, that aren't online yet: If you think that society has benefited from sharing knowledge, you're right. [26:38] There will always be winners and losers [28:40] The Ritz Carlton Slogan discussion "Systemize the predictable so you can humanize the exceptional." [32:27] People are still trying to find meaning in other things. [33:16] A little bit of struggle is good for the human spirit Websites: www.Jason Hartman.com/Properties www.HeadsOrTailsIWin.com
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Mar 13, 2020 • 39min

312: Housing Shortage, Rents Rising, Jen Du Plessis

Jason Hartman is joined today by mortgage consultant and trainer, Jen Du Plessis. As a real estate investor, it's great to gain insight on both sides of the mortgage business. Jason and Jen discuss GSE, QM and non-QM loans, as well as the great recession and where the pendulum has moved to now. This leads to a prediction of interest rates dropping even more. But before that, Jason offers congratulations because rent is on the rise. Listen to some average rent rates across the country and plan accordingly. Key Takeaways: [1:50] Investor Congratulations! Rents on the rise [3:40] Book, "Debt, The First 5,000 Years" by David Graeber [6:50] Not one person in a thousand can understand our monetary system [9:00] Landlord vs tenant in NYC [12:28] According to Yardi Matrix; About 1.5 million housing units were delivered over the last five years, and 3,000 more expected for delivery this year. A housing shortage? Yes! [17:00] GSE: Government Sponsored Enterprise [19:00] What's QM? And what's non-QM? [29:16] From 2004, through the great recession, where is the pendulum now? [30:20] Right now, the average mortgage company makes $457/loan they originate. [32:30] Are we going to see interest rates go down even more? Websites: www.JasonHartman.com Jason Hartman Quick Start Podcast The PropertyCast www.JenDuPlessis.com

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