AMA 284: How Changes to Housing Financing Could Impact Prices

Jason Hartman talks with Doug about why there’s been a decline in inventory and what shortages are abound in the housing market. In examining several videos about the housing market and economy, Jason and Doug also look at what impact privatizing mortgages could have and housing affordability in Canada.

Key Takeaways:

[4:06] The big housing shortage is not in McMansions, it’s in the 100k range

[4:31] The problem with waiting for the next recession

[12:22] Inventory has declined, which has caused upward pressure on prices

[18:42] When large developers start building an area, they have to keep the sales going in order to make money, so prices can fluctuate

[22:38] The potential impact of privatizing is a prevention of markets overheating

Website:

www.JasonHartman.com/Properties

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AMA

AMA 283: The Future of Inflation & Maxifi Your Financial Future with Laurence Kotlikoff

Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.

They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don’t make when factoring in their savings.

Key Takeaways:

[1:29] The most recent number the unfunded mandates are going to cost

[8:24] Does Laurence believe in Supply-Side Economics?

[11:33] Consuming your way to prosperity has never worked before and won’t now

[14:52] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public’s response to the start of the Great Recession

[18:36] Laurence’s take on Jason’s 6 ways the government can get out of its hole

[24:07] Is the future inflationary?

[25:34] What do we need to do to plan for the future?

[31:52] How much time it takes to input your data into Maxifi

[35:28] Many people are saving too much for their later life because they’re scared

Website:

www.JasonHartman.com/Properties

www.Maxifi.com

www.Kotlikoff.net

www.PurplePlans.org

Jason Hartman’s Real Estate Investor Update Alexa Skill

AMA

AMA 282: Andrew Yang, Presidential Candidate, Implementing a Universal Basic Income

Jason Hartman talks with Democratic Presidential Candidate Andrew Yang about some of his policy proposals, including the huge idea of Universal Basic Income, the erradication of income tax and the implementation of a VAT.

Key Takeaways:

[1:40] How Universal Basic Income is different than the welfare state and why libertarians would support it

[5:11] Would income taxes go away if Andrew’s VAT goes into effect?

[9:56] Andrew supports UBI because automation is taking away so many jobs

[14:40] The war on normal people

[21:06] How the UBI will offset any deficit it creates

Website:

www.Yang2020.com

AMA 281: How the Elites Hide Behind Corporations with G Edward Griffin

Jason Hartman talks with G Edward Griffin, author of The Creature from Jekyll Island, about corporate scams. Too many people hide behind the veil that corporations offer; ripping off consumers and shareholders and letting the company take the punishment. G Edward and Jason discuss this topic, as well as how we can actually change things to allow society to hold those responsible accountable.

Key Takeaways:

[3:06] It can perfectly legal to extract millions of dollars from a company while the shareholders value drops to 0

[6:12] Trying to punish “the corporation” just means that shareholders get hurt

[8:39] How do we hold someone accountable when a corporation does something bad?

[10:27] How to actually make change happen to fix this problem

[13:35] Governments have a perpetual lien on your property. There’s no such thing as owning something “free and clear”

[19:33] What is reasoning behind people like Soros when they pump money into politics?

[22:09] The Fabian Socialist Society believed you took over society gradually

[25:48] At what point is it proper for the state to intervene?

Website:

www.RedPillExpo.org

www.FreedomForceInternational.org

www.RealityZone.com

AMA 180: Laws of Human Nature, Power & Strategy with Robert Greene

Jason Hartman talks with Robert Greene, author of the new book The Laws of Human Nature as well as New York Times bestsellers like The 48 Laws of Power and The 33 Strategies of War, about how to approach people to put yourself in the best position for success as well as how to best change your life and circumstances. Robert goes over a few of his 18 laws to help you on your way.

Key Takeaways:

[3:47] Misjudging people is extremely expensive, and it’s getting even harder to do with everything becoming virtual

[6:07] Thinking about what other people need or are going through is one of the most important life skills you can develop

[9:21] When you ask someone for anything, they are naturally going to be resistant

[12:26] We are emotional creatures, largely governed by our emotions

[23:59] You can change your own life and circumstances by working on your attitude

[27:35] The biggest impediment in people’s lives is the inability to affect or influence the people around them

Website:

www.PowerSeductionAndWar.com

AMA 279: The 10 Things Moving the Market & Economy in 2019

Jason Hartman and in-house economist Thomas take today’s episode to examine the 10 things that are happening in the US and abroad that are making the most impact in 2019. Among them are the US/China trade war, interest rates, the Mueller Report, millennial household formations, and more.

Key Takeaways:

[1:05] The best thing that’s happened so far in 2019 is lower interest rates

[3:46] Household formation for millennials is looking really good for investors

[6:28] The Fed being receptive of market conditions has been a good omen for 2019

[11:21] The 3% GDP growth they said we needed to “pay” for the Trump tax cuts happened

[14:20] Blogcast on Creative Destruction

[20:16] The Mueller Report’s impact on the housing market

[22:58] The US needs to negotiate with China now before we operate out of a position of weakness

[25:11] When China sat out the bond auction recently it created a wild swing

Website:

www.JasonHartman.com/Properties

Jason Hartman’s Real Estate Investor Update Alexa Skill

AMA 278: Solving the Trillion(s) Dollar Problem with Gloom, Boom & Doom’s Marc Faber

Jason Hartman talks with Marc Faber, editor at Gloom, Boom, Doom, about what’s going on in our economy with the massive asset inflation that’s hit in the past few years. The two examine what central banks will have to do in order to deal with the looming shortages and what investments can buck that trend when it arises.

Key Takeaways:

[3:54] Asset inflation is making the rich richer and leaving the poor and middle class behind

[10:01] Will millennials get bailed out by their inheritance from their Baby Boomer parents?

[13:16] The 2 investments that will appreciate in a global downturn

[15:08] 2 ways central banks can print money

[19:40] Inflationary actions can kick the can down the road a long way, but there is one thing that can ruin the party

Website:

www.GloomBoomDoom.com

AMA 277: A Potential Way to Avoid the Tax Man with Kelly Alexander

Jason Hartman talks with Kelly Alexander, founder of Great American Tax Remedy, about how Kelly has been able to avoid paying Federal income tax since 2014. Kelly’s method hasn’t had to hold up against an IRS audit, but she’s confident that what she’s doing is completely legal and can help anyone out.

Key Takeaways:

[2:39] How Kelly’s tax plan to avoid income taxes works

[6:17] Who else is using Kelly’s technique?

[7:38] What Kelly does when she gets paid in order to avoid income tax

[17:35] How to report your income on your taxes under Kelly’s format

[27:48] Why Kelly’s strategy works for both state and federal taxes

Website:

www.MyTaxRemedy.com

AMA 276: Biggest Pros and Cons of Free Markets with Dr. David Friedman

Jason Hartman talks with Dr. David D Friedman, son of Milton Friedman, former professor at Santa Clara University in the Law School, and author of books such as The Machinery of Freedom: Guide to a Radical Capitalism and Law’s Order: What Economics Has to Do with Law and Why It Matters. The two dissect what role the government should have in society: what it’s capable of and what it need to steer clear from, while also delving into the 4 problems that need to be addressed in a feud system.

Key Takeaways:

[1:47] How David’s thinking is similar and different than his father’s

[4:00] Can the government actually be out of everything?

[8:21] One of the mistakes that supporters of free markets make is implying that things won’t ever go wrong

[11:51] Market failure is a mark for and against government

[17:43] What David learned about feud law when looking at various legal systems

[21:38] Making the tort claims transferable would make our legal system much better

Website:

www.DavidDFriedman.com

AMA 275: Interest Rate Comparison 2010 – 2019

Jason Hartman talks with in-house economist Thomas about how interest rates in the past 10 years have compared to one another. The two explain why interest rates can be so difficult to predict and how these past 10 years are compared to the past.

Key Takeaways:

[2:53] Interest rates aren’t completely unpredictable, but they’re driven by things where you can’t know exactly what’s going on

[6:10] Interest rates back in 2010

[15:49] #5 on Thomas’ list is 2017, when interest rates dipped under 4%

[20:24] 2015 makes up the #3 spot on the list with interest rates averaging 3.85%

[24:18] The #1 year for interest rates in the past decade

[28:32] Remember that real estate deals can be renegotiated

Website:

www.JasonHartman.com/Properties

AMA 274: Ominous Signs & the Search for the Next Recession

Jason Hartman and Kerry take today to look at some of the signs in our economy today that don’t point toward a rosy future. But don’t take that to mean the sky’s falling and we’re headed for a doomsday scenario, we’ve still got some runway left.

The two also discuss how self-management can show you things that you wouldn’t have known just sticking with a property manager. You don’t HAVE to self-manage, but it’s important to know how to self-manage so you don’t get taken advantage of by your current manager.

Key Takeaways:

[1:27] There are ominous signs out there for the economy, so we’ll see how much longer it can hold them off

[4:36] For the first time in a long time, Kerry is bullish on the New York real estate

[12:01] Where will the next recession come from?

[15:53] There’s an urgency that you need to do something now rather than waiting around

[19:52] Why Kerry thinks Indiana has been the longest running market for Jason’s company

[24:07] Utilize your tenants as your assets

[29:39] If you choose to self-manage, remember to track ALL of your expenses

Website:

www.JasonHartman.com/Properties

AMA 273: How to Build a Startup Country with Patri Friedman

Jason Hartman talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today’s environment and why it’s not absurd to think of a country being created on the water. It’s coming sooner than you expect.

Key Takeaways:

[1:12] What is seasteading?

[6:05] Why not just buy land from a country rather than doing everything out at sea?

[10:04] Patri’s goal is seeing governments competing for citizens by treating them best

[13:41] How do you deal with security when you’re in the middle of the ocean?

[18:02] What are these seasteads going to do for currency?

Website:

www.Seasteading.org

www.Twitter.com/Patrissimo

AMA 272: Trying to Cure Trade Imbalance w/BBC, Forbes & Bloomberg’s Jeff Ferry

Jason Hartman talks with Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Jeff has some ideas on how to close the gap between the US and the rest of the world, but Jason has some questions about whether they would cause inflation. They also look into America’s manufacturing sector and why we need to ramp it back up.

Key Takeaways:

[1:15] Jeff’s thoughts on the current trade situation

[5:31] One of Jeff’s solutions for helping cure the trade imbalance is to reduce the value of the dollar

[9:25] How would devaluing the US economy impact our purchasing goods from other countries and how would it impact the economy at home?

[12:37] You have to have capital formation for a society to create wealth

Website:

www.ProsperousAmerica.org

AMA 271: Future of Interest Rates & Appreciation with Rich Dad Advisor Ken McElroy

Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.

Key Takeaways:

– Why did Ken choose this time to sell his properties and how did he do it?

– Cap Rate fails to take appreciation into account

– Is there an oversupply of multifamily that’s causing rents to not grow as quickly?

– What Ken has learned about his facilities for the 55+ community

– Why Ken is still bullish on real estate

– Capital always looks for safety in the US

– The impact things like ride sharing and autonomous cars are having (and will have) on real estate

– Ken’s take on the future of interest rates

Website:

www.JasonHartman.com/Properties

www.KenMcElroy.com

AMA 269: Getting To Your Home Equity Through Blockchain with Matthew Sullivan

Jason Hartman 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:

[1:54] 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

[4:51] Case study: How much can you pull out if you were to have a $100,000 house with a $50,000 mortgage?

[11:06] Why Quantum Real Estate goes through the hassle of creating a REIT and tokenizing them equity share

[15:49] The effective “interest rate” for homeowners who realize their equity

[19:59] Quantum Real Estate revalues their portfolio every 3 months so the secondary market can trade

Website:

www.JasonHartman.com/Properties

AMA 268: Understanding Modern Monetary Theory (MMT) by Professor Dr. Randy Wray, Levy Economics

Jason Hartman talks with Dr. Randy Wray, one of the foremost experts in Modern Monetary Theory, about why Minsky the philosopher is important, what exactly MMT is and why it’s relevant in today’s monetary society. They especially tackle the job guarantee program that MMT espouses and what’s coming up for the US in the economy for the next few years.

Key Takeaways:

[1:26] Who is Minsky and why is he someone we should concern ourselves with?

[4:43] What is Modern Monetary Theory and why is it applicable?

[10:31] The governments going back to the colonies spends money into existence and then taxes it back to avoid causing inflation

[13:38] Has all the money that was put into the economy during Obama’s term been taken back out by taxes or is it causing inflation?

[17:51] The test you need to use to discover if you’re doing monetary policy correct

[21:48] Spending during The New Deal greatly helped move our nation forward and allowed us to become the richest, most developed nation on Earth

[25:49] The job guarantee that Dr Wray is focusing on now would involve a lot of care work, and it would be decentralized

[28:58] What’s coming up, economically, for the United States

Website:

www.Levy.org

AMA 267: Amazon’s Pay Raise Deception

After a tour of an Amazon fulfillment center, Jason Hartman has an “investigative report” from the inside of a ride-sharing trip talking with a former employee of Amazon on how we have been misled a little by the company.

Key Takeaways:

[2:23] Amazon pickers are walking at least 10 miles a day to get orders together

[4:08] The pay raise that Amazon gave their warehouse employees was offset by a slash in benefits

Website:

www.JasonHartman.com/Properties

AMA 266: Happiness & Objectivism According to Ayn Rand with Tal Tsfany, President of Ayn Rand Institute

Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.

Key Takeaways:

[2:28] What’s happening with speech on college campuses is a result of progressive philosophies

[4:16] What would Ayn Rand’s political views be in today’s world?

[7:56] Ayn Rand’s definition of happiness

[11:23] Love is a goal or value that you pursue. It’s a spiritual trade

[15:20] Ayn’s definition of selfishness

[19:18] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms

Website:

www.AynRand.org

AMA 265: Inflation or Deflation on the Horizon? with IMF’s Raghuram Rajan

Jason Hartman 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:

[1:24] What the IMF is and how it differs from the World Bank

[6:20] Massive technological change tends to hit an area and hurt before the benefits kick in later

[9:30] After automation comes and takes many of the jobs, there will still be jobs that involve human interaction

[14:51] Is Raghuram seeing inflation, deflation, stagflation or what in the coming years?

[17:34] Are mortgage interest rates artificially low?

[22:17] There’s good deflation and bad deflation

Websites:

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

Raghuram Rajan at Chicago Booth School of Business

AMA 264: Corruption of Capitalism in America with Blackstone co-founder David Stockman

Jason Hartman 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:

[3:01] Reagan got very little in way of his proposed spending cuts, but got a much bigger tax reduction than proposed, then defense spending exploded

[6:42] Trump’s problem was that he recognized the economy was failing but didn’t have a program to address it

[11:47] Does our escalating deficit mean inflation is on the horizon?

[16:08] Is our private debt really that bad?

[19:53] How investors should position themselves for the next few years

[22:42] 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