Creating Wealth Real Estate Investing with Jason Hartman (general)

1569 FBF: Economic Trends & Income Property Investing with Karl Denninger Founder of ‘The Market Ticker’ Blog

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Direct download: CW_1570_Rating_Americas_Presidents.mp3
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Fri, 9 October 2020

This episode of Flashback Friday was originally published: September 18, 2013

Karl Denninger is a technology expert and businessman, finance blogger, political activist and is sometimes referred to as a founding member of the Tea Party movement. Denninger was also the founder and CEO of MCSNet in Chicago.

Denninger is a founding contributor to the libertarian-oriented finance blog The Market Ticker, found at http://market-ticker.org. He uses his blog to levy harsh criticism of the criminal element who are wrecking the global financial system. In the aftermath of the March 2008 collapse of Bear Stearns, he founded the website Fed Up USA. He came to national attention for the criticisms of the Emergency Economic Stabilization Act of 2008 which he posted on Fed Up USA in September that year. Of special concern to Denninger was the over-the-counter trading of credit default swaps, as well as the high leverage of financial institutions; his objections to the bailout plan stemmed from the fact that it did not address either of these issues. He has also spoken out against high-frequency trading, particularly in the aftermath of the 2010 Flash Crash.

As a publicly outspoken and early member of the Tea Party movement, Denninger is sometimes referred to as a founder. On January the day of President Obama's first inauguration, he published a blog post calling on readers to mail tea bags to the White House and Congress on February 1st, echoing a suggestion by a commenter on one of his earlier blog posts. However, Denninger later expressed concern with the Tea Party movement, specifically that establishment Republicans had hijacked it and perverted its original goals.

Direct download: CW_1569_Denninger.mp3
Category:general -- posted at: 5:00pm EDT

Thu, 8 October 2020

1568: Construction Cost Spike, Client Case Study Bruce Weyer

Jason Hartman talks with client Bruce Weyer. A few months back, Bruce sent in a lumber market update, sharing staggering numbers that his long-time lumber family business has never seen before. Bruce joins the show today to give an update on pandemic pricing for lumber. He also shares his story from the west coast movie business, back to the family lumber business, and how he started investing in duplexes, quadplexes, and what his strategy is going forward.

Key Takeaways:

[3:00] From the West Coast movie business to Florida Construction Business.

[8:00] Lumber Market Update: What does this do to new homes?

[12:00] Regression to Replacement Cost

[13:00] Where are lumber prices headed at this time?

[17:00] Client case study; duplex, quadplex, or single-family home strategy.

[24:00] The advantages of putting down as little as possible, or putting the extra 5% down?

Websites:

1567: Hub & Spoke Office Model, Rick Sanchez, RT America, Let's Do Real News

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Direct download: CW_1568.mp3
Category:general -- posted at: 5:00pm EDT

Wed, 7 October 2020

Jason Hartman shares today's staggering numbers from commercial real estate loans to office space for lease. Will we see more corporations move to the hub and spoke office model so that employees can move to less densely populated suburban areas?

Rick Sanchez of RT News joins Jason Hartman as they discuss where has the real news gone and what can influence can do to a news station? Rick asks Jason about necessity housing and the future of real estate post-pandemic.

Key Takeaways:

[2:15] WSJ: 3.87 Billion, the value of the securitized commercial real estate loans in foreclosure last month.

[3:30] At the end of the day, everybody needs a place to live.

[4:20] 100,000 sq ft of office to sublease that Twitter is now putting on the market.

[6:45] 50% of Times Square office employees have not been brought back to the office since the pandemic started.

[9:00] Are things getting better or worse, regarding COVID-19?

Rick Sanchez

[15:00] Necessity housing is fine, as for the others…

[20:00] In a down economy, there may be more renters than buyers.

[22:00] Buyer v. Renter positions.

[27:40] "I learned the principles of advertising." - Rick

[31:00] As an investor, Rick Sanchez has embraced the American Dream.

[33:45] Can we trust any mainstream media to share all of the news accurately?

[42:00] Influence; who's buying who?

Websites:

Download the Portable TV App: Rick Sanchez

1566: Asset Price Inflation, iBuyer Good or Bad? Property Radar, Sean O’Toole Pt2

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Direct download: CW_1567_Rick_Sanchez_RT_America_Lets_Do_Real_News.mp3
Category:general -- posted at: 5:00pm EDT

Tue, 6 October 2020

Jason Hartman talks with Sean O’Toole to continue this two-part series discussing Property Radar and the data they’ve uncovered. Where does inflation go? Are we, the U.S.A., more susceptible to the boom or bust outcome because we are the reserve currency of the world? What is iBuyer, and is it any good?

Key Takeaways:

[3:30] Is this a black swan or a white swan event? (2016)

[8:00] The inflation always goes to asset price inflation versus consumer inflation.

[10:00] Does the U.S. being the reserve currency of the world make us more “boom and bust?”

[11:00] Is modern monetary theory, MMT, a fantasy?

[16:45] What is Property Radar researching?

[21:00] What is iBuyer?

Websites:

PropertyRadar.com

1565: Warren Buffett's House, Leaving San Francisco, Space X, Property Radar & Foreclosure Radar, Sean O'Toole

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Direct download: CW_1566_Property_Radar_Sean_OToole_Pt2.mp3
Category:general -- posted at: 5:00pm EDT

Mon, 5 October 2020

Jason Hartman compares real estate performance with the S&P 500 Index. What's the difference between inflation, house prices, and the stock market? Have you booked your space flight yet?

Sean O'Toole joins Jason Hartman today to discuss the next foreclosure crisis? Will it happen, or where will it happen? Sean O'Toole shares his thoughts on the re-ruralization of America.

Key Takeaways:

[3:45] Does real estate underperform the S&P500?

[5:40] What's the difference between inflation, house prices, and the stock market?

[10:00] What does it mean if real estate outperforms inflation?

[15:10] Understanding the three dimensions of real estate.

[18:50] What's going on with the commercial space program?

[25:30] Sean O'Toole

[26:30] Sean O'Toole, founder of Property Radar

[28:30] We're not expecting a foreclosure crisis as we saw in the recession.

[31:30] "I don't think we'll get back to that price drop. Price drops require a motivated seller."

[34:10] Is this the re-ruralization of America?

Websites:

1564 FBF: Retirement Investing with Dennis Miller Author of ‘Retirement Reboot’ and RetireMentors Columnist for MarketWatch

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Direct download: 1565__Warren_Buffetts_House_Leaving_San_Francisco_Space_X_Property_Radar__Foreclosure_Radar_Sean_OToole.mp3
Category:general -- posted at: 5:00pm EDT

Fri, 2 October 2020

Flashback Friday Original Publishing Date: June 29, 2013

Dennis Miller is the author of a book called Retirement Reboot and the only retired RetireMentor columnist on Marketwatch. Jason Hartman interviews Dennis about his experiences and research on retirees and investing. Dennis is also the author of the weekly newsletter Millers Money which has over 150,000 subscribers. Dennis surveyed his readers about how much inflation is a reality in their lives. Over 3,000 people responded and the results were staggering. The reality is that retirees living off a fixed income know EXACTLY how much the price of basic necessities have gone up. They can not only tell you exactly how much the price went up, they can tell you how much the packaging has downsized and how the quality has diminished. Dennis has tapped into the real fear faced by retirees. These three columns that came out of the results really sum up how the government inflation numbers are not a true reflection of how retirees live their lives which is why they seem to be feeling inflation to a greater extent.

• Only 1.6% thought inflation was 1 – 2%

• 14.2% of readers thought inflation was 3 – 5% for them

• 34.9% thought inflation was 6 – 8% for them

• 25.7% thought inflation was 9 – 10% for them

• 23.6% thought inflation was over 11% for them

For more details, visit www.JasonHartman.com.

Check out this episode

Direct download: CW_1564_FBF__Retirement_Investing_with_Dennis_Miller_Author_of_Retirement_Reboot_and_RetireMentors_Columnist_for_MarketWatch.mp3
Category:general -- posted at: 4:00pm EDT

Thu, 1 October 2020

1563: Pandemic Housing Prices, Ari Rastegar, COVID Real Estate Outlook

Jason Hartman shares some facts and figures as a prelude to pandemicinvesting.com before interviewing Ari Rastegar of Rastegar Property. Find out why we are living in a time of cheap housing and compared to what or when.

Ari Rastegar, the founder of Rastegar Property Company, joins Jason Hartman today to share his insights on investing in many sectors, with a particular emphasis on multi-family housing. Will retail and commercial suffer indefinitely, or will this all pass? If you put in the work, 2020 is an incredible opportunity to invest.

Key Takeaways:

[1:45] 1.3 million, the number of existing homes for sale at the end of July 2020.

[3:40] The famous Chicago hotel, The Palmer House, worth substantially less.

[5:45] Right now, housing is cheap, thanks to Jerome Powell.

[9:00] Let’s compare median home prices and interest rates from 1976 to today.

Ari Rastegar

[12:15] Discussing rent collection issues and eviction moratoriums, but during COVID-19, 90% and more of rent was still being collected.

[15:45] In the single-family space, we’re seeing a surging of home prices.

[29:00] In regards to shadow-demand, the majority of US young adults live with their parents.

[23:10] California and New York are the ‘land of the flee,’ and Texas is the ‘land of the free.’

[26:00] Q2 sales of Manhattan apartments down by 54%

[30:20] Risk controls in the sub-prime market have been put into place to protect the residential side of recession effects.

[31:00] Retail and commercial will suffer longer.

[32:15] Ari believes that work-from-home is entirely unsustainable.

[37:10] “People are going to miss opportunity because opportunity shows up in overalls.” -Edison

Websites:

RastegarProperty.com

1562: Dynastic Wealth, Gold, Negative Interest Rates, LIBOR, Lynette Zang Pt.2

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Direct download: CW_1563_Ari_Rastegar.mp3
Category:general -- posted at: 5:00pm EDT

Wed, 30 September 2020

Jason asks Lynette what she recommends that we should do to protect ourselves? Lynette expresses her confidence in gold and why this is one of the three central pillars of dynastic wealth. As well, Jason and Lynette discuss inflation, the how and why of its existence, and how it’s controlled.

Key Takeaways:

[1:30] Looking at GDP stats from the worst quarter, how bad is it?

[3:00] Let’s get political.

[9:00] Dennis Waitley quote, “Winners constantly think in terms of I can..”

[11:00] What gets rewarded, gets repeated.

Lynette Zang

[15:30] What should we be doing to protect ourselves?

[16:10] Dynastic wealth is real estate, rare metals, and gold money.

[18:40] Gold acts as wealth storage, holding its value over time.

[19:55] Inflation is an invisible way for the government to tax you more.

[21:40] Real estate inside of a reset faces two issues.

[24:30] There is almost no such thing as a free and clear property?

[30:30] How do negative interest rates work/exist?

[38:40] What does it mean when the LIBOR goes away?

Websites:

ITMTrading.com

1561: Nominal Confusion, FedNow, Capital Formation, Lynette Zang, Chief Market Analyst at ITM Trading

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Direct download: CW_1562_Lynette_Zang_Part_2.mp3
Category:general -- posted at: 5:00pm EDT

Tue, 29 September 2020

Jason Hartman interviews Lynette Zang, Chief Market Analyst at ITM Trading, about everything monetary policy. Opening with one of Lynette’s favorite charts shared from the FRED, Federal Reserve Education Department, Lynette, and Jason guide us through a discussion to clear up nominal confusion. Zang shares recent developments with FedNow and how this will affect the individual.

Key Takeaways:

[2:30] Looking at one of Lynette’s favorite charts from the FRED, Federal Reserve Education Department.

[3:45] Fiat literal translation: government decree.

[6:00] Nominal confusion; ‘they’ knew that people do not understand inflation and that they marry the legal money of the state because inflation causes nominal confusion.

[9:00] What is a total financial reset?

[11:10] The FedNow is about you, the individual, having an account directly linked to the Federal Reserve.

[13:45] The basis of wealth is capital formation. You’ve got to save in order to invest.

[19:00] What is Gavi, The Vaccine Alliance?

[27:00] Whenever you hear the term nominal, you must understand that the truth is being hidden.

Websites:

ITMTrading.com