Jason Hartman starts the show talking to in-house economist Thomas about the things that impact your mortgage payment when you first get your loan. Some of them are pretty obvious, but there are several things that stand out as uncommon.

Then Jason talks with Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist and Director of Research at the International Monetary Fund (IMF), about how community has been weakened, which has allowed competitive markets and governments to get out of balance. They also discuss what jobs will remain after automation takes off even more, mortgage rates and whether we're headed toward inflation or deflation.

Key Takeaways:

[2:52] What sorts of things impact your mortgage payment when you first receive your loan

[4:55] There are some new credit scoring models that are becoming more prominent

[9:26] If interest rates start to climb too high, adjustable rate mortgages might start making a comeback

Raghuram Rajan Interview:

[13:45] What the IMF is and how it differs from the World Bank

[18:40] Massive technological change tends to hit an area and hurt before the benefits kick in later

[21:51] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[27:11] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[29:54] Are mortgage interest rates artificially low?

[34:38] There's good deflation and bad deflation

Websites:

www.JasonHartman.com/Masters

The Third Pillar: How Markets and the State Leave the Community Behind

Raghuram Rajan at Chicago Booth School of Business

Jason Hartman and Adam start off today's show discussing the way Amazon treats their employees and how they don't operate in a truly free market. There are some options to create a more even playing field, which many libertarians (which Jason considers himself one) don't like the sound of.

Then Jason talks with Ryan Minekime, co-founder of REIanalyst, about how his tool allows investors to whittle down their list of potential properties quickly.

Key Takeaways:

[3:25] Too much financial "news" we get now is really just financial entertainment

[11:44] Amazon has pushed everyone else out, making it hard to shop anywhere else

Ryan Minekime Interview:

[19:01] REIanalyst was born out of a need Ryan had to see more properties in less time

[22:10] How Ryan's data is figured out when making assumptions on properties

[24:53] Where REIanalyst gets their data

[28:47] Information for investors is severely lacking

Website:

www.JasonHartman.com/Ask

www.REIanalyst.com

Jason Hartman and Adam start today's episode discussing how people who are fleeing high tax areas are getting audited by their original state to ensure that they have actually left. The ways they have to track you now are such that faking it will get you caught, and it's just not worth it. Make it a plan to leave and move to a no income tax state and do it!

Then Jason talks with client Ira Boyd about his journey in real estate investing. Ira started off purchasing properties on his own, with some success but not as much as he'd hoped. After he found Jason's network, however, he's gotten in much better properties and is up to 12 investment properties and his personal residence. Ira discusses how live events aided his journey, where he sees his future in real estate investing, and what areas he thinks he needs to work on.

Key Takeaways:

[6:49] States creating an economic Berlin Wall

Ira Boyd Client Case Study:

[16:28] It's almost better not to see the property, because then you're buying based on intellect and not emotion

[19:46] Meet the Masters gave Ira the traction he needed to start investing through Jason's network

[22:57] Ira can't stress enough how much you need to go to an event and how helpful it will be

[27:24] Ira's plan for his portfolio

[31:20] Ira's policy on rent increases needs work

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Properties

Book Your Time to Do a Client Case Study!

Jason Hartman begins today's show with some updates about next weekends Meet the Masters event. He also has another update from keynote speaker George Gilder, who explains a little about the new economic theory he's been contemplating and how he'll present it at Meet the Masters.

Then Jason talks with Tal Ben-Shahar, co-founder of The Happiness Studies Academy and best-selling author of Happier and the new book, Short Cuts to Happiness: Life-Changing Lessons from My Barber, about how you measure happiness, predictors of happiness and what sorts of things Tal was able to learn from his barber. They also discuss whether Millennials and Generation Z to see if they've been coddled too much or if we've just learned how to better communicate with them.

Key Takeaways:

[3:32] George's new theory that's based on Information Theory

Tal Ben-Shahar Interview:

[11:30] How do you rate a country's happiness?

[13:57] There's only one thing that predicts happiness levels on a national level

[18:16] The hazards of social media on happiness

[20:18] Lessons learned from Tal's barber

[25:48] How to praise people properly to encourage growth

[28:37] If you don't teach people to face reality then you're setting them up for failure

[32:01] The first step toward happiness is, surprisingly, allowing in unhappiness

Website:

www.JasonHartman.com/Masters

www.TalBenShahar.com

Jason Hartman and Adam tackle a potential sign that we're entering more financial risk as mortgages that aren't backed by the government are being bundled together and sold as bonds in the marketplace. It's not being done on a grand scale YET, but it's a practice that's growing quickly and steadily. Remember, this is part of what caused the Great Recession, so it's something worth watching.

Then Jason talks with David Stockman, former budget director for President Reagan, former US Representative for the 95th Congress, former partner at The Blackstone Group and author of the new book Peak Trump: The Undrainable Swamp and the Fantasy of MAGA. The two discuss Reagan's failure to curtail spending like he'd originally wanted, the difficulty Trump is having actually "draining the swamp", the impact of increasing debt on inflation and whether it's sustainable.

Key Takeaways:

[2:55] Non Fannie & Freddie backed loans are being packaged and sold as bonds once again

[8:49] Meet the Masters is going to feature new topics such as home inspections and a presentation by a client about self-management

David Stockman Interview:

[13:55] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[17:36] Trump's problem was that he recognized the economy was failing but didn't have a program to address it

[22:41] Does our escalating deficit mean inflation is on the horizon?

[27:02] Is our private debt really that bad?

[30:47] How investors should position themselves for the next few years

[33:35] We've learned in the last decade that Central Banks can't cause inflation on a worldwide basis

Website:

Peak Trump: The Undrainable Swamp and the Fantasy of MAGA

www.DavidStockmanContraCorner.com

Jason Hartman begins today's show with one of the speakers for Meet the Masters that's coming up in less than 2 weeks, Mani Vaya. Mani is the host of the 2,000 Book Podcast, and the two discuss how you can read (or listen) to a book quickly and still retain the information you're seeing (or hearing).

Then Jason talks with Jason Franciosa, CEO & co-founder of Element 26, about the time value of money. Both Jason's are concerned about inflation, and the two look at ways you can maintain your leverage so your returns can beat inflation, as well as how you can utilize your home loans to house hack (especially if you're in the military).

Key Takeaways:

[5:21] Mani will be presenting at this year's Meet the Masters

[7:51] Mani is going to cover how to actually read a book for maximum learning

[10:45] How Mani is able to listen to the stories at 2-3x speed

Jason Franciosa Interview:

[20:00] Jason's 6 ways governments can get out of debt

[22:32] The time value of money

[27:11] You have to have a way to maintain the leverage you have

[31:55] How you can utilize house hacking

Website:

www.JasonHartman.com/Masters

www.Element26.co

The 2,000 Book Podcast

Today's show begins with Jason Hartman and Adam discussing how investors are taking a big risk (and breaking Commandment #5 in the process) if they take part in buying the stock for a company that's never turned a profit.

Then Jason welcomes Lisa Tomita, a client with 4 properties who has recently decided to self-manage two of her properties. Jason and Lisa discuss the ups and downs of investing and how self-managing has turned Lisa into a more empowered investor ready to deal with all the bumps along the way as she moves closer to her financial independence.

Key Takeaways:

[3:34] Lyft is going public, but it may not be a good idea to buy in to the company

[7:57] If you're going to buy stocks, at least buy dividend stocks

Lisa Tomita Client Case Study:

[15:04] Lisa's tenant saved her $200 because of the relationship they've developed

[19:53] Lisa recently quit her job so she could focus full time on real estate

[23:58] Self-managing has made Lisa feel more empowered and learned

[28:23] One of Lisa's deals that hasn't gone well broke 4 of Jason's 10 commandments

[34:58] Income property is so durable it's like the self-healing asset

Website:

www.JasonHartman.com/Masters

Today's Flash Back Friday comes from Episode 364, originally published in March 2014.

Join Jason Hartman as he discusses cash flow, real appreciation and geographic diversification as it applies to his, not Albert Einstein's, theory of real estate relativity. You'll hear a valuable comparison of a typical Santa Ana, California property with a Birmingham, Alabama and an Atlanta, Georgia property. How do they stack up? Jason will lead you through an in-depth look at rent-to-value ratios (RV Ratio), historical appreciation rates of linear and cyclical markets, as well as hybrid linear/cyclical markets. This comparison may surprise you in several ways. What's better A $455,000 house that rents for $2,500 per month to six people? Or several $52,000 houses that rent for $700 per month? The same concept can be applied to large multi family apartment complexes and across every geographic market or metropolitan statistical area (MSA). 

Next up, Jason talks to one of his lenders about reverse mortgages, a growing trend with broader implications on the real estate market and the economy as a whole.

Website:

www.JasonHartman.com/Masters

Jason Hartman begins today's show in disbelief at some of the "news" articles he's been seeing lately about the best performing asset classes in 2018. The claims that cash was king are being shouted near and far, but there's a distinct problem with how real estate was measured that makes their whole metric false.

Then Jason talks with Brian R Alexander, author of the new book Glass House: The 1% Economy and the Shattering of the All-American Town, about the state of today's world and the impact Wall Street investing has had on us. There has been a steady decline in community and a massive disconnect between the uber-wealthy and the average American. Listen in as Jason and Brian talk about the root causes of the problem and ways we can combat them.

And don't forget, Monday is the ABSOLUTE LAST DAY FOR THE HOTEL ROOM BLOCK for Meet the Masters, so book your room now if you haven't.

Key Takeaways:

[2:53] "What comes around goes around" but it can take a long times sometimes

[5:14] NASDAQ.com is claiming the best performing asset class in 2018 was cash

[8:54] Appreciation in cyclical markets is the only metric many outlets use for determining ROI for real estate

Brian Alexander Interview:

[14:15] The premise of the 1% economy

[16:23] What is "Green Mailing"?

[20:58] The demise of community in our lives today

[25:22] There's a massive disconnect between the elite insider Wall Street class and the common investor

[29:45] The actions of companies and uber-wealthy investors is hurting the mental psyche of every day Americans

[32:39] Capital formation in the US is very much a winner-take-all proposition

Website:

www.JasonHartman.com/Masters

www.PropertyTracker.com

www.GlassHouseBook.com

www.BrianRAlexander.com

Jason Hartman and video director Chad use the intro of today's episode to go over some of the comments made by viewers of Jason's YouTube videos, as well as announcing who the winner is for the contest.

Then Jason speaks with Matthew Sullivan, founder & CEO of Quantm Real Estate, about how his company is using blockchain and tokens to help homeowners pull equity out of their homes (whether owner occupied or investments). Matthew uses a few case studies to explain how much money you could extra, what you would owe his company, and how the secondary market works for the equity stake his company receives.

Key Takeaways:

[3:39] Jeffrey's comment on "Home builders made a big mistake"

[7:46] Abdula was amazed by "How to Maintain Control of Your Investments" about how many people take a cut before you get paid when you don't have direct control

[11:39] The winner of the YouTube challenge!

Matthew Sullivan Interview:

[18:22] Matthew's company allows you to get equity out of your house without taking out another loan with a bank by buying some of the future value of your house

[21:19] Case study: How much can you pull out if you were to have a $100,000 house with a $50,000 mortgage?

[27:35] Why Quantum Real Estate goes through the hassle of creating a REIT and tokenizing them equity share

[32:17] The effective "interest rate" for homeowners who realize their equity

[36:27] Quantum Real Estate revalues their portfolio every 3 months so the secondary market can trade

Website:

www.JasonHartman.com/Masters

www.QuantmRE.com

www.JasonHartman.com/Ask