Creating Wealth Real Estate Investing with Jason Hartman

Join Jason Hartman as he talks with guest, Steve H. Murdock, former Census Bureau Director and current Professor of Sociology at Rice University in Texas, about the demographic shift taking place in the U.S. today .  The face of Texas has been shifting dramatically, not just from immigration, but in-migration and natural increase.  Steve argues that the Texas of today is the U.S. of tomorrow. 

Steve and Jason discuss the changes in population, as well as the factors influencing these changes, and the potential effect of this current demographic shift throughout our country.

Steve H. Murdock is the Allyn R. and Gladys M. Cline Professor of Sociology at Rice University. He previously served as Director of the U.S. Bureau of the Census having been nominated for the position by President Bush and unanimously confirmed by the U.S. Senate in 2007 and serving until the change in administration in January of 2009. Prior to his appointment at Rice, he was the Lutcher Brown Distinguished Chair in Demography and Organization Studies at the University of Texas at San Antonio (UTSA) and the Director of the Institute for Demographic and Socioeconomic Research.  Before UTSA, Murdock was a Regents Professor and Head of the Department of Rural Sociology at Texas A&M University.  He was also the official State Demographer of Texas.  He was appointed to this position by Governor Rick Perry and was the first person to occupy this position. Dr. Murdock earned his Ph.D. in demography and sociology from the University of Kentucky and is the author or editor of 13 books and more than 150 articles and technical reports on the implications of current and future demographic and socioeconomic change. 

He is the recipient of numerous honors and awards. These include the Faculty Distinguished Achievement Award in Research from Texas A&M University, the Excellence in Research Award and the Outstanding Rural Sociologist Award from the Rural Sociological Society, The Distinguished Alumni Award from North Dakota State University and the Distinguished Alumni Award from the Department of Sociology at the University of Kentucky.  He was named one of the fifty most influential Texans by Texas Business in 1997 and as one of the twenty-five most influential persons in Texas by Texas Monthly in 2005.  He is a member of the Phi Beta Kappa, Phi Kappa Phi, and Phi Eta Epsilon national honor societies.

Join Jason Hartman as he talks with guest, Steve H. Murdock, former Census Bureau Director and current Professor of Sociology at Rice University in Texas, about the demographic shift taking place in the U.S. today . The face of Texas has been shifting dramatically, not just from immigration, but in-migration and natural increase. Steve argues that the Texas of today is the U.S. of tomorrow.

Steve and Jason discuss the changes in population, as well as the factors influencing these changes, and the potential effect of this current demographic shift throughout our country.

Steve H. Murdock is the Allyn R. and Gladys M. Cline Professor of Sociology at Rice University. He previously served as Director of the U.S. Bureau of the Census having been nominated for the position by President Bush and unanimously confirmed by the U.S. Senate in 2007 and serving until the change in administration in January of 2009. Prior to his appointment at Rice, he was the Lutcher Brown Distinguished Chair in Demography and Organization Studies at the University of Texas at San Antonio (UTSA) and the Director of the Institute for Demographic and Socioeconomic Research. Before UTSA, Murdock was a Regents Professor and Head of the Department of Rural Sociology at Texas A&M University. He was also the official State Demographer of Texas. He was appointed to this position by Governor Rick Perry and was the first person to occupy this position. Dr. Murdock earned his Ph.D. in demography and sociology from the University of Kentucky and is the author or editor of 13 books and more than 150 articles and technical reports on the implications of current and future demographic and socioeconomic change.

He is the recipient of numerous honors and awards. These include the Faculty Distinguished Achievement Award in Research from Texas A&M University, the Excellence in Research Award and the Outstanding Rural Sociologist Award from the Rural Sociological Society, The Distinguished Alumni Award from North Dakota State University and the Distinguished Alumni Award from the Department of Sociology at the University of Kentucky. He was named one of the fifty most influential Texans by Texas Business in 1997 and as one of the twenty-five most influential persons in Texas by Texas Monthly in 2005. He is a member of the Phi Beta Kappa, Phi Kappa Phi, and Phi Eta Epsilon national honor societies.

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

Key Takeaways: 

Jason’s Editorial:

[1:33] Thanks Mandy M. for the feedback! It’s appreciated. 

[2:19] Tell the world what you think and give us a review on iTunes

[2:43] The epic Socialist disaster - Greece

[4:14] You can’t use Scandinavia as an example of Socialism working

[6:40] Chicago/Grand Rapids Property Tour 

[8:37] On the 3rd day we are going to Detroit, possibly

[9:44] What is a material fact?

[10:55] The creepy “watcher” oddball story

[14:27] Money back + interest? Is that fair?

[14:57] Specific performance ruling

[15:57] Factor in the opportunity cost 

[21:45] Does this fit into the mold of material fact?

[22:16] Use the voicemail function folks! 

[23:29] Good old Jimmy Carter - The Malthusian Concept

[25:19] The evil United States? Is our consumption of oil really evil? 

[26:26] New energy sources create their own set of problems

[27:47] People are a wonderful resource 

[28:37] Japan was built on work ethic and intellect

Guest interview:

Mark Kohler of KKOS interview is being moved to another episode. 

Mentions:

In Greece it’s not over even when an old lady faints at the ATM

Lawsuit: Bring me young blood

Leave us a voicemail today! 

Jason Hartman 

The debt crisis in Greece is proof that Socialism doesn’t work. Can you imagine camping out in front of an ATM only to be turned away? We need to be responsible. Socialism has never worked. Investing in long term, stable rental properties is the proper way to create and grow wealth. Make a decision on a material fact with us. Should the family have been notified about a stalker before they bought a house? And we go way back to the 1970’s when Jimmy Carter warned that the world’s oil was almost gone and the U.S. should invest in new technologies. Is the oil gone and do new energy sources have environmental sins of their own?

Key Takeaways:

Jason’s Editorial:

[1:33] Thanks Mandy M. for the feedback! It’s appreciated.

[2:19] Tell the world what you think and give us a review on iTunes

[2:43] The epic Socialist disaster - Greece

[4:14] You can’t use Scandinavia as an example of Socialism working

[6:40] Chicago/Grand Rapids Property Tour

[8:37] On the 3rd day we are going to Detroit, possibly

[9:44] What is a material fact?

[10:55] The creepy “watcher” oddball story

[14:27] Money back + interest? Is that fair?

[14:57] Specific performance ruling

[15:57] Factor in the opportunity cost

[21:45] Does this fit into the mold of material fact?

[22:16] Use the voicemail function folks!

[23:29] Good old Jimmy Carter - The Malthusian Concept

[25:19] The evil United States? Is our consumption of oil really evil?

[26:26] New energy sources create their own set of problems

[27:47] People are a wonderful resource

[28:37] Japan was built on work ethic and intellect

Guest interview:

Mark Kohler of KKOS interview is being moved to another episode.

Mentions:

In Greece it’s not over even when an old lady faints at the ATM

Lawsuit: Bring me young blood

Leave us a voicemail today!

Jason Hartman

Mark Fleming is the Chief Economist for First American Financial Corporation. He has been a trusted voice with over 20 years of experience in the mortgage and property information business. Mark talks on the housing collapse, where the housing market is today, and why you should pay attention to the Millennial and Baby Boomer market.  

Key Takeaways:

[6:10] Jason does the math on a high-end property in a cyclical market versus a lower-priced property in a linear market. 

[12:00] Owning five diversified properties is much better than owning one expensive property.  

[17:45] If you want to be green, be a cash flow investor.

[20:05] Jason introduces Mark Fleming. 

[23:25] Before the recession, there was a lot of incentive to flip homes as oppose to buying a home to live in. 

[26:00] Texas, the Dakotas, and Oklahoma are considered the energy states and currently have a good real estate market. 

[28:40] Mark talks judicial versus nonjudicial foreclosures. 

[36:30] Pay attention to where Millennials want to live and where Baby Boomers want to retire. 

[45:00] Mark believes Millennials might marry later, but they will still have a high marriage rate. 

[47:50] We may see a major shift in housing when Millennials are in their mid 30s. 

[51:20] What should the home-ownership rate be? Mark believes 65% is the magic number. 

Mentioned In This Episode:

http://www.firstam.com/

Mark Fleming is the Chief Economist for First American Financial Corporation. He has been a trusted voice with over 20 years of experience in the mortgage and property information business. Mark talks on the housing collapse, where the housing market is today, and why you should pay attention to the Millennial and Baby Boomer market.

Key Takeaways:

[6:10] Jason does the math on a high-end property in a cyclical market versus a lower-priced property in a linear market.

[12:00] Owning five diversified properties is much better than owning one expensive property.

[17:45] If you want to be green, be a cash flow investor.

[20:05] Jason introduces Mark Fleming.

[23:25] Before the recession, there was a lot of incentive to flip homes as oppose to buying a home to live in.

[26:00] Texas, the Dakotas, and Oklahoma are considered the energy states and currently have a good real estate market.

[28:40] Mark talks judicial versus nonjudicial foreclosures.

[36:30] Pay attention to where Millennials want to live and where Baby Boomers want to retire.

[45:00] Mark believes Millennials might marry later, but they will still have a high marriage rate.

[47:50] We may see a major shift in housing when Millennials are in their mid 30s.

[51:20] What should the home-ownership rate be? Mark believes 65% is the magic number.

Mentioned In This Episode:

http://www.firstam.com/

Doug Brunt is the former CEO of Authentium and author of, “GHOSTS OF MANHATTAN.” In his new book, he transports readers back to the extravagant times before Bear Stearns collapsed, exposing a culture with boundless bonuses, where the company expense account was routinely used for bar tabs, visits to strip clubs, and worse. He even throws in some comical stories and describes some of them. Brunt offers a withering view of life on Wall Street from the perspective of an unhappy insider, run-down by the corrosive lifestyle which is jeopardizing his marriage, who is too hooked on the money to find a way out.

Brunt is married to FOX News anchor Megyn Kelly, who has helped him with his books. Brunt describes their relationship and why he gave up a lucrative career as an Internet security entrepreneur.

Find out more about Doug Brunt at www.douglasbrunt.com.

Doug Brunt is the former CEO of Authentium and author of, “GHOSTS OF MANHATTAN.” In his new book, he transports readers back to the extravagant times before Bear Stearns collapsed, exposing a culture with boundless bonuses, where the company expense account was routinely used for bar tabs, visits to strip clubs, and worse. He even throws in some comical stories and describes some of them. Brunt offers a withering view of life on Wall Street from the perspective of an unhappy insider, run-down by the corrosive lifestyle which is jeopardizing his marriage, who is too hooked on the money to find a way out.

Brunt is married to FOX News anchor Megyn Kelly, who has helped him with his books. Brunt describes their relationship and why he gave up a lucrative career as an Internet security entrepreneur.

Find out more about Doug Brunt at www.douglasbrunt.com.

Jason welcomes back Steve, an old co-host. Steve is currently working with HomeVestors as a house flipper and shares his experience on the show. Jason reminds the audience that what Steve does is actually a full-time business that you have to manage, which may not appeal to his more passive investor audience. We also learn from Steve on what the real estate market is like in Utah and if it's worth investing in it or not. 

Key Takeaways:

[1:30] Jason welcomes back his old co-host, Steve. 

[6:00] When you become a house flipper, you also become a legal aid and social worker. 

[8:00] Steve shares a story about a house he flipped. 

[19:30] Buying homes at a discount is an art.

[23:00] Jason and Steve talk about hypocritical celebrities. 

[28:30] House flipping is a business. What Jason does is an investment. 

[32:00] What's the real estate market like in Utah right now? 

[38:00] If you're located in Magna, Utah, please email Jason. 

Mentioned In This Episode:

The Big Short by Michael Lewis 

Jason welcomes back Steve, an old co-host. Steve is currently working with HomeVestors as a house flipper and shares his experience on the show. Jason reminds the audience that what Steve does is actually a full-time business that you have to manage, which may not appeal to his more passive investor audience. We also learn from Steve on what the real estate market is like in Utah and if it's worth investing in it or not.

Key Takeaways:

[1:30] Jason welcomes back his old co-host, Steve.

[6:00] When you become a house flipper, you also become a legal aid and social worker.

[8:00] Steve shares a story about a house he flipped.

[19:30] Buying homes at a discount is an art.

[23:00] Jason and Steve talk about hypocritical celebrities.

[28:30] House flipping is a business. What Jason does is an investment.

[32:00] What's the real estate market like in Utah right now?

[38:00] If you're located in Magna, Utah, please email Jason.

Mentioned In This Episode:

The Big Short by Michael Lewis