Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 243, originally published in February 2012.

Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.

Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.

To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist.

Website:

www.WilliamCohan.com

Today's Flash Back Friday comes from Episode 243, originally published in February 2012.

Jason Hartman interviews author, former Wall Street senior banker, and best-selling investigative journalist, William (Bill) D. Cohan on the events that led up to the current economic crisis. Bill explains the choices that the big firms, such as Goldman Sachs, JP Morgan, etc, made regarding what type of institution they were going to be, the path of these firms that led up to the current crisis, and how they used the bailout money gifted to them. He said it was one big party on Wall Street, during which brokers were to bring in revenue using a lot of whacky products, until everything came crashing down. Huge bonuses were paid out from the revenue collected from unsuspecting clients.

Bill and Jason also discuss the Occupy Wall Street Movement. Bill expressed disappointment in the message of the movement, saying it isn’t clear and they need to learn how Wall Street really works so that they can be more effective in bringing about reform. Wall Street has been influencing what goes on in Washington and paying lobbyists and donating to congressional coffers so that they can get the regulations, or lack thereof, that they want, i.e. the Dodd-Frank Wall Street Reform and Consumer Protection Act. Bill talks about how the expansion of Wall Street into Middle Class America was not an accident, using the example of Merrill Lynch being a public company. This ultimately led to broken trust between Wall Street and Main Street, as people have now shied away from risk taking.

To solve the problems, Bill suggests changing the incentive system on Wall Street, in that it can no longer be okay to take huge risks with people’s money or get paid big bonuses whether they lose money for the firms or not, as well as going back to having to use their partner’s capital to operate. William D. Cohan offers audiences a unique, close-up perspective of the greatest financial crisis since the Great Depression. He combines deep knowledge of the investment banking world with the fine storytelling skills of an award-winning investigative journalist.

Website:

www.WilliamCohan.com

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter's Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.

Key Takeaways:

[6:34] Get the money thing out of your way

Stephen Davis Interview:

[12:32] It's easier now than ever before for governments to lie to you and get away with scandals

[14:36] Fake news travels faster than truth on Twitter

[17:40] If you want good, investigative journalism, you're going to have to pay for it

[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have

[30:10] How governments deceive you

[36:21] Dealing with fake reviews on sites

Website:

www.StephenDavisWriter.com

www.JasonHartman.com/Properties

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter’s Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.

Key Takeaways:

[6:34] Get the money thing out of your way

Stephen Davis Interview:

[12:32] It's easier now than ever before for governments to lie to you and get away with scandals

[14:36] Fake news travels faster than truth on Twitter

[17:40] If you want good, investigative journalism, you're going to have to pay for it

[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have

[30:10] How governments deceive you

[36:21] Dealing with fake reviews on sites

Website:

www.StephenDavisWriter.com

www.JasonHartman.com/Properties

After his intro discussing getting the money thing out of the way in pursuing your life and the difference between law and ethics, Jason Hartman talks with Stephen Davis, author of Truthteller: An Investigative Reporter’s Journey Through the World of Truth Prevention, Fake News and Conspiracy Theories, about the prevalence of fake news online and in every form of media. The two try to find ways to combat the issue head on and what the average person can do today (and in the future) to avoid being fooled.

Key Takeaways:

[6:34] Get the money thing out of your way

Stephen Davis Interview:

[12:32] It's easier now than ever before for governments to lie to you and get away with scandals

[14:36] Fake news travels faster than truth on Twitter

[17:40] If you want good, investigative journalism, you're going to have to pay for it

[23:45] We need to stop letting companies like Facebook and Google escape the responsibility that media outlets have

[30:10] How governments deceive you

[36:21] Dealing with fake reviews on sites

Website:

www.StephenDavisWriter.com

www.JasonHartman.com/Properties

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.

Key Takeaways:

[4:28] Florida is now drawing people from the East and West coast

[6:28] Jacksonville market profile

[10:27] Examining a pro forma of one of the new construction properties available in Florida

[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

[18:24] Frank Gallinelli on financial terminology

Website:

www.JasonHartman.com/Properties

www.RealData.com

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.

Key Takeaways:

[4:28] Florida is now drawing people from the East and West coast

[6:28] Jacksonville market profile

[10:27] Examining a pro forma of one of the new construction properties available in Florida

[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

[18:24] Frank Gallinelli on financial terminology

Website:

www.JasonHartman.com/Properties

www.RealData.com

Jason Hartman and one of the network's Florida market specialists discuss the Jacksonville market and what kind of housing is currently available. The two break down a pro forma for one of the available new construction properties and examine why Florida has become such a hot spot for people fleeing both the East and West coast states.

Then we have a segment from Real Data founder and president Frank Gallinelli about financial terminology. It's important when reading pro formas and doing your due diligence that you know what these metrics are. Frank breaks it down so that you're prepared when you go into your next property.

Key Takeaways:

[4:28] Florida is now drawing people from the East and West coast

[6:28] Jacksonville market profile

[10:27] Examining a pro forma of one of the new construction properties available in Florida

[13:00] There are a couple properties available that you could take advantage of in a 1031 exchange

[15:53] People are moving to Jacksonville to be near St Augustine, which is the 2nd busiest place for tourists in Florida behind Disneyworld

[18:24] Frank Gallinelli on financial terminology

Website:

www.JasonHartman.com/Properties

www.RealData.com

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.

Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[3:47] Part of financial repression is low interest rates

[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties

[10:05] The Water Theory of money

Peter Hirshberg Interview:

[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[18:55] Why you have to create incentives like those the Opportunity Zone offers

[22:57] Why real estate matters

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

'Their house is on fire': the pension crisis sweeping the world

Housing in these cities may become unaffordable by 2028

Jason Hartman starts today's show discussing how it's possible that low interest rates can be used as financial repression tool even though it seems like a good thing at first glance. He also explores an article highlighting affordability issues across the nation and how it's impacting markets that Jason's investors bought homes in prior to the runup.

Then Jason talks with Peter Hirshberg, founder of Maker City® Project and CEO and co-founder of Lighthouse.one, about Opportunity Zones and how they work with constructing cities. Jason and Peter explore how the incentives were created and why they are crucial to the success of projects like Opportunity Zones.

Key Takeaways:

[3:47] Part of financial repression is low interest rates

[7:42] Affordability is becoming more and more of an issue across the US, including some where investors used to be able to get reasonable properties

[10:05] The Water Theory of money

Peter Hirshberg Interview:

[14:43] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city

[18:55] Why you have to create incentives like those the Opportunity Zone offers

[22:57] Why real estate matters

Website:

www.Lighthouse.one

www.JasonHartman.com/Properties

‘Their house is on fire’: the pension crisis sweeping the world

Housing in these cities may become unaffordable by 2028