Accredited Income Property Investment Specialist (AIPIS)

Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality.

Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation.

Key Takeaways:

[2:15] Was Karl Marx's ideas applied wrong?

[8:45] "A liberal and a marxist are not the same things."

[10:30] What is a Marxist?

[12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did.

[16:45] Did any country have genuine pure marxism?

[20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff

[20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution?

[24:00] How would a company run with a representative republic, cooperative, or directorship?

[25:10] Successful Co-op, The Mondragon Corporation.

[31:45] What is the Yellow Vests Movement?

Websites:

Richard Wolff Youtube

www.democracyatwork.info

www.rdwolff.com

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Adam Robinson is on the show today to dive deep into the collapse of a global market. It's not just about inflation and deflation; it's about understanding the collapse of the velocity of money. Now, the majority is trying to understand negative interest rates.

Adam Robinson returns to the show to further his discussion with Jason about macroeconomics. A system based on radical consumption is a losing battle. How has this shaped us, and how has the coronavirus changed how we eat, dress, consume, and even view real estate?

Key Takeaways:

[1:00] Millennials, Gen Z, or people in the prime of their life can afford Manhattan and are looking to migrate away from high-density areas.

[3:00] Are we looking at a collapse in the global economy?

[9:15] What would the economy look like if everyone got a check for $100k?

[13:10] Inflation and deflation aside, what we care about, is the velocity of money, which has collapsed.

[15:45] With negative interest rates, we are paid to own gold.

[22:10] A system based on radical consumption is a losing battle.

[25:45] Let's break away for a Google/Psychology session.

[31:00] Our home life has changed so much. How we eat, dress, and purchase, things have shifted because of the Stay-At-Home orders.

Websites:

IAmAdamRobinson.com

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

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Founder of BRRRRInvest.com, Adam Jason, real estate attorney and BRRRR investor, joins Jason Hartman from Medellin, Colombia to discuss some different methods of real estate investing, particularly the BRRRR method! We also dive into the online deal analysis and legal solution he has specifically-crafted for BRRRR investors! Adam points out some key differences in rehabbing a home when the expectation is set for flipping versus renting. As well, Adam shares some experience working with contractors, and what you need to do to avoid certain problems.

Key Takeaways:

[1:45] What does BRRRR mean? Buy, Rehab, Rent, Refinance, Repeat

[3:30] What is the reason for the renewed interest in the hold concept?

[5:00] The rehab market has different expectations for renting and flipping, explained by Adam.

[6:30] How do you get deal flow?

[10:20] What are some of the tricks of the trade for this method?

[12:00] What typical problems do you see with contractors?

[15:00] Working with contractors, incentives, penalties, and supply delays.

[18:00] What motivated your move out of the U.S. and to Colombia?

[22:30] Explain the landlord-tenant laws in Colombia.

Websites:

BRRRRInvest.com

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

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Dan Franks joins Jason today as part of a client case study. Dan is a former CPA, happy to have handed off the CPA duties to someone else as he manages his investment portfolio. As a fellow podcaster, he understands the value of information through podcasting and is here to share his story as a twelve-year listener of this show, and real estate investor.

Key Takeaways:

[2:30] Dan Franks, the first podcast ever listened to was Creating Wealth.

Now, the Podcast Movement

[8:00] How and where did you get started investing?

[9:30] What got you interested in real estate, and the podcast?

[12:00] What was step two for real estate investing?

[17:00] When hiring an accountant, it's great to find out if they speak the lingo of someone involved in real estate investing.

[20:00] How did this transform from investment to real estate business for you?

[26:15] What are your goals with your real estate portfolio?

Websites:

Podcast Movement with Co-Founder Dan Franks

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

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Expert of home inspections, Kathleen Kuhn, joins Jason Hartman to share what to look for and what's most problematic in home inspections. Kathleen gives the 101 and the advanced tools needed to make sure that you get your home inspections done properly.

Key Takeaways:

[1:00] Always get a home inspection, learn from the best, Kathleen Kuhn.

[1:30] What are some of the most common home inspection problems seen?

[3:45] Roof flashing 101, and its importance.

[6:15] In regards to home inspection, is there an ideal location, that is less problematic?

[7:45] Do you prefer a certain construction style as far as the quality of build?

[11:00] Understanding the prices of home inspections and add-on inspections.

[14:00] How do you mitigate radon?

[15:30] Requesting a re-inspection

[18:30] How has the use of drones changed the home inspection process?

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Banks are worried, lenders are tightening up, and the overall mortgage process has changed. Aaron Kopelson discusses with Jason Hartman, some of the biggest changes he has seen in the last few months.

Key Takeaways:

[1:30] One of the mortgage lenders' current biggest fears, and reason for tightening up, is an early payment default or a first payment default.

[3:00] What is a jumbo loan, and what defines the limits per market?

[5:00] There's no appetite from investors that want to buy mortgage-backed securities for these non-QM loans.

[7:00] Real estate is a credit backed asset. When the financing starts to dry up, so do the prices.

[10:00] Nobody was paid to put the breaks on and look at where we ended up (2008 recession)?

[11:20] Fannie and Freddie are allowing for drive-by and desktop appraisals.

[14:25] Is mortgage insurance allowed on investment properties?

[18:10] V.O.E. Verification of Employment

[19:45] What's an overlay?

Websites:

Kopelson Team

awmloan.com

JasonHartman.com

JasonHartman.com/properties

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

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Ellen Brown is today's guest here to discuss Universal Basic Income, UBI. As well, she shares some interesting details about what happens to the money when a debt is paid. How did China increase its money supply by such a large percentage in two decades?

Key Takeaways:

Guest: Ellen Brown, author of over a dozen books including, The Public Bank Solution, From Austerity to Prosperity

[2:30] What is a postal account?

[10:45] What is the end game of money spending?

[12:10] Money is lent into existence. Banks create the principal but they don't create the interest, so debt always grows faster than the money supply.

[15:00] The real economy is always short of money because there's a hole in the bucket that always drains into the financial economy.

[16:00] What is the financialized economy?

[20:20] Debt grows until it gets so high that people can't borrow anymore, so they pay down their debts instead of taking out new debts. That shrinks the money supply. That goes into deflation which goes into depression.

[22:30] Money evaporates when it pays off the debt.

[26:30] All of our money is credit. China increased its money supply by 1800% in twenty years, and they did not run into hyperinflation. Find out more.

Websites:

EllenBrown.com

PublicBankingInstitute.org

1-800-HARTMAN

www.JasonHartman.com

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Escape to the suburbs! Jason Hartman and Evan Moffic discuss the changes approaching in how we look at our homes. With the benefit of work and school being just a few feet away from our beds, we are all looking to improve our homes. And for those that are currently renting an apartment in the high-density, urban environments, a move in the direction of suburban-living is looking more and more promising. Homebuilders are saying that they are already seeing the effects of this growing trend.

Fannie Mae and Freddie Mac are buying loans in forbearance and essentially they keep kicking the can down the road, delaying the inevitable.

Key Takeaways:

[1;30] "Inflation is a disease of money, thus inflation may have become the oldest form of government finance…" - Jens O. Parrson

[7:00] Escape to the suburbs! All of the reasons why both present and past.

[9:00] People are cocooning in their house.

[13:30] Home improvement will climb as a home office and school space is needed, colleges will change their format, gyms will try new concepts.

[21:00] Homebuilders have seen sales jump as renters flee small urban apartments.

[24:30] Why Elon Musk is talking about moving Tesla out of California.

[27:20] FannieMae and FreddieMac are acting in a dysfunctional manner to bail out the system.

Websites:

RabbiMoffic.com

JasonHartman.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

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Jason Hartman and Rabbi Evan Moffic talk about the big migration out of high density areas. Starting in 2016 a trend of moving to low density areas started to grow and the pandemic has encouraged the departure from more densely populated areas. While these trends may rely heavily on the wants and needs of Generation Z, health issues and worker experiences might speed up the migration.

Key Takeaways:

[4:00] Pandemic proved how densely we are living, and also how successfully you can live working remotely

[7:00] Starting in 2016, a trend of non-metropolitan counties were gaining population more-so than metropolitan counties

[9:45] A lot of the migration trends could depend a lot on Generation Z

[13:00] What led you to believe that this mass migration to lower density living would occur?

[16:40] The average population density (APD) of the U.S.A. is only 87 people per square mile

[17:28] The APD of metropolitan areas of the U.S.A. is 283 people per square mile, and the APD of New York City is 27,000 people per square mile

[21:30] The rise of socialism

[25:30] "Expansions make millionaires, recessions and depressions make billionaires"

[26:20] "In a recession or a depression, the person who wins is the person who loses the least"

Websites:

1-800-Hartman

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www.RabbiMoffic.com

Today, Jason Hartman discusses the Phillips curve and its relevance to our current economic situation. While we are all challenged in ways to adapt to our shelter-in-place advising, several benefits are being popularized out of necessity. Telemedicine, or telehealth, is growing rapidly, and not just for humans. Veterinary practices are using telemedicine for your pet's health as well.

Steve Hochberg returns to elaborate on the Elliott Wave. How do we know when we have too much debt, the U.S., or the individual?

Key Takeaways:

[1:00] Is Kim Jong-Un alive?

[5:30] Telemedicine, we're finally there

[8:00] The Phillips curve

[14:00] Monetary policy comes from central banks, and fiscal policy comes from the government

Guest: Steve Hochberg

[22:00] Everything the Fed has said they're going to do has been backed by the Treasury. The treasury has pledged to cover any losses that the Fed is going to incur through their lending programs, and this can't go on forever

[24:00] How do we know when we have too much debt?

[28:30] "I think there's a huge bull market starting right now, and it's the bull-market in cash" -Hochberg

Websites:

www.elliottwave.com

Jason Hartman University Membership

1-800-HARTMAN

www.JasonHartman.com

Jason Hartman Quick Start

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