2053: Rich Dad Advisor Ken McElroy Exposes the Truth About the State of Commercial RE
Creating Wealth Real Estate Investing with Jason Hartman
Release Date: 09/18/2023
Creating Wealth Real Estate Investing with Jason Hartman
Jason talks about the current state of the housing market, emphasizing that there is no housing crash due to the low number of financially distressed homeowners. He shared updated statistics from the US Census Bureau, indicating that 39.8% of homeowners have no mortgage, and 65% have mortgages at or below 4%. Jason also highlighted the oversupply in the high-end market and encouraged potential buyers to reach out to his investment counselors for opportunities. Jason then finishes his talk with Vince of RE social as they discuss the advantages of single-family homes, highlighting their...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 298, published last February 4, 2013. On this show, Jason Hartman talks with one of his investment counselors about current events, welcomes a guest caller and also brings to our listening audience the economic outlook from renowned financial expert, John Mauldin. Mauldin discusses “spending rearrangement”, a restructuring of our country’s spending problem and tax code, and how the election outcome influences the direction of that restructuring. The larger the government becomes, the smaller the private sector becomes – not an ideal situation...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason discusses real estate investing, highlighting current market conditions where a slight home sales increase is overshadowed by affordability issues due to higher mortgage rates. He argues that the "in irons" market, characterized by modest price appreciation, benefits rental property owners through steady cash flow and increasing rents due to limited buyer activity. He emphasizes real estate as a multidimensional asset and cautions against non-direct investing, citing risks of fraud, incompetence, and excessive management fees, using a Starbucks CEO's compensation as an example. He...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday was published last June 17, 2020 on YouTube. Pastor Paula White shares what it is like to advise Donald Trump on faith and explains the President's surprising deep faith that she discovered while working with him for 19 years. Paula gives viewers some advice on how to think about what’s occurring in our world, and to reckon with these new changes. She says that God doesn’t send these difficult times, but that God does allow us to use these times to become stronger and better. Jason points out that while some people are in a decent place, many others are having a...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason shared the sad news of the passing of his beloved dog, Coco, and discussed the current state of the housing market, highlighting the impact of rising mortgage rates and the challenges faced by the construction industry. He discusses the "perfect storm" impacting real estate: spiking mortgage rates, rising construction costs, labor shortages, and reduced inventory due to aging boomers. These factors signal increasing value for rental property owners. Hartman debunks market crash predictions, like exaggerated Phoenix listing data, emphasizing per capita analysis and sustainable investing....
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 312 published last April 10, 2013. Professor Richard Epstein, pioneering Libertarian legal scholar, joins Jason Hartman to explain how income inequality is good for society, but is very dependent on the methods used to produce the best outcome. The current methods our government are attempting to use are causing job losses, it blocks gains in trade, the need for further public assistance increases, which in turn increases taxes, “yet another implicit drain on voluntary transactions,” Richard illustrates. He provides examples to...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason announced changes to the podcast schedule and discussed economic trends, particularly in the housing market. He emphasized the importance of adapting to market realities and taking calculated risks in real estate investment. He also covered various aspects of the current economic landscape, including inflation's impact on housing, mortgage market stability, and the potential for future market shifts. Despite persistent interest rates and prices, some homebuyers are entering the market due to life events, realizing they "can't pause their life." This signals buyer capitulation and...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 301, published last February 21, 2013. Jason Hartman interviews Bud Conrad, Chief Economist of Casey Research, regarding the geopolitical focal points in our world, funneling these down to how it all affects the United States. Bud mentions the importance of looking at the big picture of what is happening in the world, particularly China becoming the new “mover” in the world, Japan’s apparent desire to destroy its currency, new technology, government overreach, who benefits from inflationary measures and monetary policy, and much more. Author of the...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason and Rahul Sen Sharma, an expert on indexes from Index (INDXX), discuss global economic shifts, trade wars, and the stock market. His company tracks over $20 billion in index-based assets, aiding companies in creating indexes, ETFs, and funds. He emphasizes focusing on long-term macro trends over daily market noise, highlighting "re-globalization" as a key shift driven by supply chain vulnerabilities and a desire for friendly-shoring and near-shoring. While tariffs may offer short-term benefits to some countries like India and Mexico, the focus should be on transformative trends like EVs,...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Fresh from Empowered Investor Live in Irvine, CA, Jason welcomes Mike Maloney, author and monetary policy expert from goldsilver.com, as they discuss the current "scary craziness" in the stock market, drawing parallels to the 1987 crash while noting increased public exposure to stocks. He critiques the fiat currency system, explaining how bank lending creates money and causes inflation, advocating for real assets like gold and real estate. Maloney also labels Modern Monetary Theory (MMT) a "fraud" and wealth transfer, favoring free-market principles for prosperity. If you'd like to invest with...
info_outlineJason welcomes his business partner, Ken McElroy, who is known for his books in the Rich Dad series and his expertise in multifamily real estate. They discuss various topics, including the impact of the Federal Reserve's interest rate increases on commercial real estate, the challenges faced by different real estate asset classes, and the dynamics of the multifamily market. Ken emphasizes that affordability issues are affecting the rental market, and they predict a slowdown in new construction in the coming years. They also debunk the idea of easily converting office or mall spaces into residential units. Stay tuned for valuable insights into the real estate market and part 2 of the interview on our next episode.
#RealEstate #Multifamily #MarketInsights #FederalReserve #Affordability #Construction #RealEstateTrends #PropertyValues #Investment #EconomicAnalysis
Key Takeaways:
Jason's editorial
1:24 Join The Collective Mastermind Event in the Bahamas this November
1:59 Don't be fooled by the clickbait or fake news or the fear porn
3:32 Scrutinizing numbers; monologue versus the dialogue media
8:06 Where's the negative equity
12:34 Join our Empowered Investor Pro group
13:21 Federal Housing Financing Agency (FHFA) Map
Ken McElroy's interview
14:17 Welcome Ken McElroy
15:13 Update on the commercial real estate class
19:50 Misconceptions, distorting statistics and construction woes
25:21 "Skate to where the puck is going"
27:28 Converting malls, office and hotel buildings to residential
30:56 Solving the housing affordability issue
Mentioned:
Ivy Zelman https://www.zelmanassociates.com/
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