Tue, 19 November 2019
Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.
Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.
[3:47] Part of financial repression is low interest rates
[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties
[10:05] The Water Theory of money
Peter Hirshberg Interview:
[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city
[18:55] Why you have to create incentives like those the Opportunity Zone offers
[22:57] Why real estate matters