1651: REAL Housing Prices! Year In Review by Cornell University's Dr. David Collum
What is the REAL price of a home right now? Jason Hartman reminds listeners of what goes into calculating or predicting housing prices, including some old basics like the cost of lumber, as well as scarcity.\xa0
Jason and Dave talk about the unseen inflation in goods and services, how inflation has affected the family income, and how we can spend. With a more in-depth look at inflation, David uncovers a bit more of the unseen inflation like the depreciation of product quality. The question continues to be, how far away from ideal are we moving, and will this progression cause the US to implode?\xa0
Key Takeaways:
[2:15] Let\u2019s talk about housing prices, who\u2019s annoyed?\xa0
[5:40] If it does NOT produce income, it isn\u2019t an investment - it is only a speculation.\xa0
[9:25] US Housing prices fell more than expected in January amid soaring lumber prices.
[13:13] Softwood jumped a record\u2026.?
Dr. David Collum
[20:20] Jason and David speak on the disfunction of the mess we the people are in with money creation and negative interest rates.\xa0
[23:45] We are in the most overvalued bond market in history.
[30:00] How has inflation changed, and how has the expectation of goods and services changed along with inflation?
[32:10] Products are built not to last, adding to another unseen inflation, Dave refers to as depreciation.
Websites:
1-800-HARTMAN
Twitter:@davidbcollum\xa0