Fri, 30 October 2020
Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying?
Rick Sharga also distinguishes between foreclosures and opportunities. Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market.
[1:00] Everyone is asking, "is Covid going to cause a housing crash?"
[2:00] Covid has not slowed down the housing market even a little bit.
[3:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership.
[10:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation.
[12:00] Rick distinguishes between foreclosures and opportunities.
[18:00] Will 3 million in forbearance programs end up in foreclosures?
[21:00] What happens when all of these loans come out of forbearance?
[26:45] Discussing California's new law that the institutional buyer cannot buy foreclosures.
[28:45] We already see a higher number of commercial foreclosure properties popping up.
[30:00] Rick breaks down his expectations for each sector of the commercial real estate environment.
[33:30] One of the most significant shortages in housing is in the low price tiers. Here's why.
Wed, 28 October 2020
351: Former Senior VP of Community Lending at Fannie Mae & National Low Income Housing Coalition NLIHC Barry Zigas
Jason Hartman talks with Barry Zigas, Senior Fellow at Consumer Federation of America. Barry shares a brief, descriptive history lesson on how Fannie Mae and Freddie Mac came to be. Barry and Jason discuss the low and middle-income housing crisis and what factors contribute to homeownership rates.
Barry Zigas joins Jason Hartman to discuss student loans compared to home loans. Is this similar to a problem we’ve seen in the recent past? How does the shortage of affordable new homes drive inflation?
[1:00] Fannie Mae and Freddie Mac were both created by acts of congress.
[4:30] Is the Fannie Mae/Freddie Mac mission to increase homeownership?
[6:20] Let’s talk about global home ownership comparisons.
[11:00] What factors contribute to homeownership rates?
[12:15] There’s still discrimination in the mortgage markets.
[14:30] Redlining is a term defined as a percentage of non-white people living in a community.
[16:45] How much of the community reinvestment act is to blame for the great recession?
[21:00] Student loans compared to home loans, is this a perpetual problem?
[24:00] There’s a tremendous shortage of affordable new homes to buy, which is part of what’s driving inflation.
[27:20] San Francisco, what caused its high prices throughout history, and will that change from COVID-19?
[34:00] COVID-19 has employment implications, which will translate to housing implications.
Fri, 23 October 2020
350: Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster by Robert Spencer
Jason Hartman is joined today by Robert Spencer, author of Rating America's Presidents, An America-First Look at Who Is Best, Who Is Overrated, and Who Was A Disaster. This book is a non-partisan analysis of the US President's performance in office. Jason and Robert discuss sociological changes in the US and harsh rhetoric from either party. Will the US re-elect Trump, if so, will he be the last Republican President?
[1:40] This is not a republican or democratic book; this book is America First!
[3:00] Are the left "for the people" or for big government?
[8:00] "With the truth about history, we can reclaim the public discourse." -Spencer
[14:20] If Trump wins reelection, where will the US be in 4 years?
[16:25] Will Trump be the last Republican President?
[20:00] Rating US Presidents, example: Woodrow Wilson.
[23:00] One of the recipes for being a good US President is…?
Wed, 21 October 2020
Clear some confusion about tax strategy, and gain some added tricks of the trade by listening to this interview. Jason Hartman talks with Amanda Han and Matthew MacFarland, authors of Advanced Tax Strategies for Savvy Investors. Tax laws can change every year, so it’s crucial to take advantage of them as soon as you can. Learn what most investors forget to do for some of the best write-offs.
[2:30] Excited to have advanced tax strategy with a focus on RE
[3:00] Will we lose the 1031-Exchange with Biden in office?
[8:10] Many RE investment property owners overpay on taxes because they do not view themselves as a business when it comes to their taxes.
[13:40] How do I take more deprecation sooner than later, with a cost segregation study?
[20:20] How do you prepare to take unlimited deductions, regardless of income - by qualifying as a real estate professional?
Direct download: AIPIS_349__Advanced_Tax_Strategies_for_Savvy_Investors_by_Amanda_Han__Matthew_MacFarland.mp3
Category:general -- posted at: 12:00pm EST
Fri, 16 October 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.
Jason asks Lynette what she recommends 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.
[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.
[28:30] What should we be doing to protect ourselves?
[29:10] Dynastic wealth is real estate, rare metals, and gold money.
[31:40] Gold acts as wealth storage, holding its value over time.
[33:55] Inflation is an invisible way for the government to tax you more.
[35:40] Real estate inside of a reset faces two issues.
[37:30] There is almost no such thing as a free and clear property?
[43:30] How do negative interest rates work/exist?
[51:40] What does it mean when the LIBOR goes away?
Fri, 9 October 2020
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. They also discuss 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?
[4:30] We're not expecting a foreclosure crisis as we saw in the recession.
[7:30] "I don't think we'll get back to that price drop. Price drops require a motivated seller."
[10:10] Is this the re-ruralization of America?
[13:30] Is this a black swan or a white swan event? (2016)
[18:00] The inflation always goes to asset price inflation versus consumer inflation.
[20:00] Does the U.S. being the reserve currency of the world make us more “boom and bust?”
[21:00] Is modern monetary theory, MMT, a fantasy?
[26:45] What is Property Radar researching?
[31:00] What is iBuyer?