1924: Three Types of Markets, The Economy During COVID, & What NAR is Saying About Home Prices
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We are in a serious inflationary spiral right now and as real estate investors, we need to understand that the effects we are seeing and experiencing vary from one market to another.\\xa0
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Listen to this episode to learn more about what these factors are, what\\u2019s really going on, and what we should be expecting in the months to come!
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Key Talking Points of the Episode
01:11 What is the NAR saying about home prices?
03:23 What are new home builders experiencing today?
07:58 How can you see what\\u2019s really happening in different markets?
09:50 What news do we have on Wall Street and the crypto market?
11:10 What is the importance of investing directly?
14:06 How can income properties save your money?
15:56 Should the government continue getting involved in the rental market?
17:46 What are the bubble possibilities in different markets today?
21:40 What is the Hartman Comparison Index?
24:59 What are the 3 types of markets in the country?
30:20 What are the dogs that aren\\u2019t barking today?
33:35 What does housing inventory look like today in the US?
36:50 Why is it unlikely that a crash will happen soon?
40:58 Are we in a similar situation as the recession in 2008?
43:45 What can you compare real estate values with?
48:48 What happened to the economy during COVID?
51:33 Why should you be careful with your comparisons?
54:58 What makes the CPI misleading?
57:38 Where can you find the real inflation numbers?
01:01:36 Why do we feel like housing prices are unreasonable?
01:04:16 Does house pricing really matter?
01:06:12 What does affordability have to do with the rental market?
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Quotables
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\\u201cWith income property, you\\u2019re going to make money and even if you don\\u2019t, even if you breakeven, at least you\\u2019re not gonna lose.\\u201d - Jason Hartman
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\\u201cThe game of real estate, as we all know for a season, is that over time, the prices are going to be higher than they are today.\\u201d - Jason Hartman
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\\u201cPeople are so myopic because they are making bad comparisons. They\\u2019re comparing things to the way they were a year or two years ago, that is not the right comparison.\\u201d - Jason Hartman
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\\u201cAnything in the world can be valued by 2 things \\u2013 utility and scarcity.\\u201d - Jason Hartman
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\\u201cThe thing you always need to understand is that rents lag prices by a good 2 years, maybe really 3 years or more, it depends where.\\u201d - Jason Hartman
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Links
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Website: Empowered Investor Live
https://www.empoweredinvestor.com/live
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Website: Jason Hartman
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Book: Debt: the First 5000 Years
https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290
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Website: Shadow Government Statistics
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