1551: Moving Trends, Leslie Appleton-Young, Chief Economist of the California Association of Realtors CAR
Creating Wealth Real Estate Investing with Jason Hartman
Release Date: 09/15/2020
Creating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 484, published last March 02, 2015. Jason and mortgage expert Randy champions the superior wealth-building capacity of real estate compared to the stock market. They center on the strategic use of leverage and the concept of inflation-induced debt destruction to dramatically boost investor returns, arguing that financing a property far outweighs the benefits of owning it free and clear. Specialized mortgage options available through companies like B2R and First Key are examined, as these lenders uniquely cater to...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason discussed upcoming virtual events and market trends, particularly focusing on changes in credit markets and the current real estate market conditions where sellers are becoming less motivated. He highlighted significant shifts in the money supply and economic conditions, predicting a surge in real estate and asset markets that investors should capitalize on during the holiday season. Jason announced an upcoming masterclass on business credit and discussed financial programs offering revolving credit with no collateral, emphasizing the benefits of using business credit for property...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday and 10th episode is from episode 460 published Last January 3, 2015. In the first Creating Wealth Show of 2015, Jason Hartman details some of the most important things you should consider when forming your new year’s resolutions, including making your assets work for you and using every asset you have available to you. Today’s guest is author and National Geographic’s Crowd Control presenter, Daniel Pink, who discusses a number of the problems featured in the TV show, as well as some of the research that went into his own books. His expertise in behaviour and...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason talks about the housing market's current state and potential impacts of various policies, including the elimination of capital gains taxes and interest rate changes. Jason explored the challenges and opportunities in different markets, highlighting issues like supply-demand imbalances, regulation concerns, and the need for fiscal responsibility. He also touched on broader economic trends, including the impact of globalization, the U.S. dollar's role in international investments, and the potential benefits of longer-term mortgages. #HousingMarket, #CapitalGainsTax,...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 464 published last January 14, 2015. Today on the Creating Wealth show, Jason returns from the Meet the Masters event and tells his listeners that he still believes that investing within the United States is your best option as oppose to internationally. He also introduces his guest Dr. Ben Carson on the show where they talk about the medical system, debt, big government, and Ben's latest book entitled One Nation. Mentioned In This Episode: Abundance: The Future Is Better Than You Think by Peter Diamandis ...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason discussed the introduction of 50-year mortgages in the United States and their potential impact on real estate affordability and demand, while highlighting favorable market conditions including sliding interest rates and the end of quantitative tightening. He explained how extended mortgage terms can be financially beneficial through inflation-induced debt destruction and tax deductions, contrasting common misconceptions about mortgages as liabilities. Jason emphasized the importance of understanding current market trends and encouraged listeners to explore his AI chatbot and past...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 474 published last February 9, 2015. Today on the Creating Wealth show, Jason talks about some of the latest things he is up to as well as talks about an interesting opinion article published by the Washington Post. He does not have a guest for today's show, so he does a deep dive into the real estate market and talks about why central planning never works for the home ownership market. He also gives his comments in between reading out loud the article published by Washington Post in this quick 30 minute Creating Wealth episode. Mentioned In This...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason champions a view of real estate as a "packaged commodities" investment, emphasizing the financial advantage of the 30-year fixed-rate mortgage. They also stress the importance of adjusting financial figures for inflation, noting that reports of skyrocketing luxury home sales are misleading when not accounting for the dollar's diminished purchasing power. Furthermore, the discussion touches on the unusual trend of luxury home price growth outpacing non-luxury homes due to wealth concentration and the Cantillon effect. Finally, he promotes the strategy of inflation-induced debt...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
This Flashback Friday is from episode 488, published last March 12, 2015. In Jason Hartman's introduction portion of the show, he answers a listener question about the due on sale clause and transferring your property into a single member LLC. Jason also welcomes guest John Michael Greer to the show. He is the author of several books with the most recent one being The Wealth of Nature. In the show today, Jason and John talk about the US economy and some of the key issues that it currently has in today's market. Mentioned In This Episode: HotPads.com VisualCapitalist.com The...
info_outlineCreating Wealth Real Estate Investing with Jason Hartman
Jason focuses on the housing market and broader economic trends. He shares parts of a video by a financial YouTuber named Brian Kim, who presents data on home prices and mortgage interest rates, arguing that the market is resilient despite localized drops and that prices will likely continue to rise due to Federal Reserve rate cuts and quantitative easing. Jason, who agrees with Brian's prediction of improving conditions for real estate investors and a decline in mortgage rates, adds context regarding serious delinquency rates and layoffs in the labor market, suggesting that corporate...
info_outlineJason Hartman speaks about the trends that come from coasts, specifically California. Zillow shows 2 million renters will become homeowners, and U-Haul has metrics that lead us to believe that more people are leaving NYC. What does this mean for investors in stable, linear markets?
Jason Hartman speaks with Leslie Appleton-Young, vice-president and chief economist for the California Association of Realtors. Leslie brings several charts and graphs to the conversation to share some staggering movement in California's real estate. In January, 2020 was shaping up to be a knock out year, but due to the Coronavirus pandemic, we are now looking at best for "a quick recovery." Leslie and Jason draw correlations between the 2008 recession and recovery to the recent, seemingly, self-imposed recession.
Key Takeaways:
[2:40] Why do you keep talking about California?
[7:10] The water theory of investing explained.
[10:00] According to Zillow, 2 million people are leaving their rented homes in expensive markets and purchasing homes in more affordable areas thanks to the "work from home" movement since COVID-19.
[12:45] Discussing money vs. currency
[14:30] Experimenting with U-Haul pricing.
[17:00] What's the COVID-19 impact on global airport revenue?
Leslie Appleton-Young
[26:30] Jason and Leslie discuss predictions based on the Q2 hit in 2020, ranging from a 25% - 42% decline.
[28:00] The buy-side of real estate is doing well, likely because of record-low interest rates, more space needed for home offices, and more space desired in quarantine times.
[34:30] In January, the 2020 expectation was a great year based on some standard metrics.
[35:20] We have not had a breakout market since the 2008 recession due to income and affordability restraints.
[38:00] The virus and the government's response are two major contributing factors to set the tone for sellers and the real estate market's recovery.
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