Accredited Income Property Investment Specialist (AIPIS) (general)

In 2016 Jason was joined by Harry Dent, from Dent Research, to discuss the tax benefits you can get from moving to a US territory like Puerto Rico, some cyclical markets that are out of control, demographic problems around the world, inflation, and foreign investors in US real estate.

Key Takeaways:

[1:20] Harry's new home in Puerto Rico, and the tax benefits he can receive

[5:18] Vancouver real estate is out of control

[10:31] Japan's biggest problem is a demographic problem

[14:21] Previously Harry had predicted a drop in gold which hasn't happened, does he still believe it's going to go down or was he wrong?

[19:01] In a deflationary environment the only chance you have to make money is in yield, which can be found in linear markets with cash flowing properties

[24:22] Most foreign real estate investors are legally laundering their money out of their country

Website:

www.HarryDent.com

www.DentResearch.com

Direct download: AIPIS_197_Harry_Dent.mp3
Category:general -- posted at: 12:00pm EST

Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:00] Once the US moved from a gold backed monetary system to paper money system the rules changed.

[10:35] Who has benefited most from a globally-based economy?

[13:16] The global bubble is inflated by government policy.

[16:15] The combination of printing money and globalization makes this a unique time in history.

[21:33] How Richard Duncan believes the US can pull itself out of debt.

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AIPIS_196_Richard_Duncan.mp3
Category:general -- posted at: 12:00pm EST

This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[1:11] Richard Duncan has a unique, insider’s view of world economics and FIAT money.

[6:16] In the US, when credit grows less than 2% the US goes into recession.

[11:27] Creditism is the new Capitalism.

[13:47] Looking back at the policies which saved the world economy in 2008.

[19:45] It’s a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[23:37] Globalization has changed the way the economic game is played.

Website:

www.Blackhorse.com.sg

The New Depression: The Breakdown of the Paper Money Economy

The Dollar Crisis: Causes, Consequences, Cures

Direct download: AIPIS_195_Richard_Duncan.mp3
Category:general -- posted at: 10:40pm EST

Bubbles have come and gone throughout history. One area expands too much and crashes, but there are usually other asset classes that are insulated from the bust.

But what if it's an everything bubble? What if real estate, stock markets, commodities, and everything else is in a bubble? What can you do in that situation?

Jason Hartman talks with Mish Shedlock, economist and investment advisor at  SitkaPacific Capital Management, about what's going on right now and where you may find some decent investments amidst the bubbles.

Key Takeaways:

[3:12] Mish's Rule of Progress

[10:28] The Shiller P/E Ratio Chart and what it says about the market today

[12:13] The Buffett Indicator

[16:08] The Mish Shedlock investing thoughts for right now

[19:46] How asset inflation is leaving investors behind

[24:12] Some real estate price examples on the East coast that show the dangerous bubble we're probably in, and how policies are set up to aid the rich in their wealth creation

Website:

www.MishTalk.com

www.MishMoments.com

Direct download: AIPIS_194_Mish_Shedlock.mp3
Category:general -- posted at: 3:47pm EST

Income generating real estate is the most historical proven asset classes in the world. Jason talks with Reichen Kuhl, CEO and founder of LeaseLock, about his program for landlords. LeaseLock is designed to identify rent payers and protects landlords from tenants who don't pay rent.

Key Takeaways:

[1:30] LeaseLock is an insurance policy a tenant will pay the rent.

[5:07] How exactly does the LeaseLock know who will be a rent payer?

[10:42] Insurance industries are able to insure people differently in spite of Fair Housing laws.

[12:49] The cost is LeaseLock is 7% of the full lease value of the rental unit.

[16:05] Miscellaneous information about LeaseLock as a business.

Website:

www.LeaseLock.com

Direct download: AIPIS_193_Reichen_Kuhl.mp3
Category:general -- posted at: 12:56am EST

Jason Hartman welcomes William Cohan, New York Times columnist, special correspondent for Vanity Fair, former contributor to Bloomberg View, and author books such as Why Wall Street Matters, The Last Tycoons, and House of Cards.

William tells Jason his views on the Trump administration, why Donald has had a hard time draining the swamp and who really is to thank for the low unemployment rate and the steady economy.

Key Takeaways:

[1:13] The Trump administration, leverage and cleaning out the gears of the machine that is the US economy.

[7:24] A grand bargain with Wall Street would mean revamping much of its incentive system.

[13:40] Draining the swamp is harder to do than it looks.

[13:23] What we should expect out of the economy and employment.

Website:

www.WilliamCohan.com

Direct download: AIPIS_192_William_Cohan.mp3
Category:general -- posted at: 10:24pm EST

Neighborhoods throughout America are more segregated than ever, and a lot of people don't realize that governmental action is a big reason why. Richard Rothstein is author of The Color of Law: A Forgotten History of How Our Government Segregated America, and he tells Jason about how laws kept certain groups of people in certain areas of society, and how it still resonates today. Richard also tells Jason some pretty simple rule changes that could spur integration, and more affordable housing in general, throughout the country.

Key Takeaways:

[1:27] The government's involvement in the segregation of our neighborhoods

[3:58] How governmental actions created segregated suburban communities like Levittown, NY and Lakewood, CA

[7:27] The FHA would only guarantee loans to developers if they promised not to sell homes to African-Americans

[10:24] The Fair Housing Act of 1968 didn't actually solve any problems because the home values had become unaffordable for working class families

[19:08] Jason's take on "Environmental Racism"

[23:12] There has been some recent growth of African-American suburbs, but not integrated suburbs

[27:07] Richard's take on Ben Carson as head of HUD & Section 8 housing

[30:39] How Section 8 housing re-enforces segregation and keeps people out of middle class neighborhoods, while allowing landlords to raise their rents

Website:

www.EPI.org

Direct download: AIPIS_191_Richard_Rothstein.mp3
Category:general -- posted at: 8:33am EST

 


The First Amendment is frequently cited by anyone who is told to quiet down what they are saying. But what does it actually protect, and from whom? Floyd Abrams represented The New York Times in the 1971 Pentagon Papers case, and is author of the new book The Soul of the First Amendment. He explains to Jason how the First Amendment actually protects us, what it DOESN'T protect us from, and why some areas aren't as protected as others.

From comments made online to business practices, it's important to know how much damage your speech can have, both to the subject of your speech and to yourself in any potential lawsuit.

Key Takeaways:

[2:23] Floyd's background and some of the landmark cases he's been a part of like the Pentagon Papers

[6:25] The First Amendment and college campus free speech issues

[8:10] Areas of our society we don't realize are government controlled and subject to different free speech rules

[10:45] The broadcast medium is nearing the free speech protections as print media

[15:17] The First Amendment and "fake news"

[20:03] The First Amendment and the internet users getting sued for comments/reviews/etc

Website:

The Soul of the First Amendment

 

Direct download: AIPIS_190_Floyd_Abrams.mp3
Category:general -- posted at: 11:07pm EST

The housing market is always on a pendulum, but where are we now? Self driving cars are going to be changing the dynamics of our society, but are they going to push more people into the city or have more people moving to the suburbs? Jason Hartman and Matt Slepin, President of Terra Search Partners, discuss what is going on in real estate today, and how our changing environment is impacting real estate in the future.

Key Takeaways:

[3:06] Where Matt thinks we are in the business cycle, and whether we've overbuilt apartments

[7:19] The issues going on in the retail and office investment markets, and why apartment investing makes more sense these days

[11:43] The rise of the autonomous vehicles and how they will change the real estate demand equation

[15:59] What does Urban Land Institute do and what issues are being discussed?

[19:52] What Matt has learned in his real estate podcast

[23:21] Two conflicting trends in property management

Website:

www.TerraSearchPartners.com

Direct download: AIPIS_189_Matt_Slepin.mp3
Category:general -- posted at: 10:41pm EST

Bob Miller might have started his career as a police officer, but he didn't stop there. He worked his way up to become the longest serving governor in Nevada history, with a mindset of encouraging economic development through environmentally friendly tourism, specifically Las Vegas.

But Vegas wasn't always in Bob's future. Bob's dad was a gaming pioneer, and he steered Bob away from the Vegas experience and pointed him in the direction of legal advocacy. After he graduated from law school and worked his way up to the governorship, Bob used his legal background to help Nevada transition Vegas into the powerhouse of entertainment that it is today.

Jason Hartman and Bob talk about Bob's new book Son of a Gambling Man, and what Vegas was, what it is, and how the law impacted Bob's entire life.

Key Takeaways:

[6:05] Where Bob sees Las Vegas, and the state of Nevada, headed

[11:02] When Vegas changed from a place with cheap food/transportation/hotel rooms to get you to come in and gamble, to a place where it's expensive and has booming business outside of gambling

[16:03] Bob's experience as a lawyer

Website:

www.RJMillerConsulting.com

Direct download: AIPIS_188_Robert_Miller.mp3
Category:general -- posted at: 10:34pm EST