Mon, 27 April 2020
Stay Calm, Keep Good Counsel, Keep Your Eye On The Ball, Take Action. Rinse, and repeat. Jason Hartman is joined in today’s episode with his co-host from the Solomon Success Show, Rabbi Evan Moffic. Evan brings up some challenging questions about a new potential tax break from the CARES Act. What does Trump bring to the table as our first RE President? Will there be a global currency or an ever-growing nationwide rental assistance program?
[1:25] New tax break, CARES Act, using depreciation to offset capital gains?
[5:20] Trump is the first RE President
[8:30] Herd immunity thoughts in the U.S.
[10:00] Public health is linked to the economy
[12:30] Stay calm, keep good counsel, keep your eye on the ball, take action
[23:00] Review from a listener, Andrew. Thank you!
[25:15] Will we go to a nationwide rental assistance program, like section-8?
[27:00] Will there be a push to a crypto-currency?
Mon, 20 April 2020
Jason speaks with a client about their experience with a tenant not paying April 1. What are some creative resolutions to a tenant not being able to pay in hard times? In most situations, being strict with your tenant is advised, but in times as tragic as these, compassion goes a long way. What’s to come of China’s role in the world?
In part two of today’s show, Adam checks in with a lender for updates on mortgage rates and what to expect going forward. Lenders are still wary about how the market will go but advances in technology are being improved to close deals remotely. This is because tools are becoming more readily available like online notary with video proof.
[2:30] Tenants aren’t paying rent, but it’s our time as landlords to adjust our strategies
[8:00] Have a little compassion for your tenants
[12:30] Look for creative resolutions to tenants not able to pay April rent
[17:40] Now, what is China’s role in the world, it’s changed so fast?
[28:00] When mortgage rates hit historic lows, and everyone is trying to refinance in one month, lenders hit capacity
[29:30] As we look for normalcy in the market, lenders are still very wary of where it may go
[25:15] Unemployment claims typically hover around $600k (weekly basis), predicted by Goldman Sachs to rise to $2.25 million
[39:00] If you want to know what’s best for your rate, you want to see the fed or other entities buying up mortgage-backed securities
[42:40] Technology is making advances so loans can continue to close, eg. online notary
Direct download: AMA_321__COVID-19_Baby_Boom_When_Tenants_Cant_Pay_Mortgage_Update.mp3
Category:general -- posted at: 12:00pm EST
Mon, 13 April 2020
Our returning guest, Harry Dent, discusses the economy, company buybacks, and quantitative easing. Take a deeper look into the economic influence of each generation with their peak earning power, and peak spending trends.
We are all searching for information on what to expect in uncertain times. Look at patterns Harry has analyzed to predict what’s to come. Jason discusses the roommate component as a part of understanding shadow demand for housing. As well, Harry explains the repo-market.
Harry Dent shares his thoughts on where Baby Boomers and Millennials will go next, be that downsizing or repurposing the McMansions. What differences between the two generations have led to peak earning and peak spending trends, and how will they affect the housing market?
[1:30] Harry Dent, Demographer, Famous for predictions on all aspects of the economy
[6:00] What is the age of someone’s peak earning power and peak spending?
[8:50] “Quantitative easing is not putting money into the banks system and lending, it is literally buying financial assets like bonds, which puts more money into the pool that’s actually chasing financial assets, and that drives up financial assets.” - Dent
[11:55] Company stocks are going up because of shrinking the number of shares, rather than growing the economy
[13:25] You say the economy is fake?
[17:55] Are company stock buybacks really that bad?
[18:30] The stock market is the leading indicator of the economy
[27:10] Every 90 years, like a clock, we see a bigger bubble and a crash
[31:00] What are the biggest bubbles now, Apple, Google, Amazon, tech companies
[34:00] China’s workforce peaked in 2011 and has been declining ever since
[38:40] Harry explains the repo-market
[42:00] In general, are the millennials in a good place or a bad place?
[52:00] What’s to come of the Millenials and the McMansions?
[58:00] If we don’t rebalance this debt, and go through what you always go through after a debt bubble, we may end up like Japan
Sat, 11 April 2020
Jason Hartman talks with Norm Champ, a partner in the New York office of Kirkland & Ellis LLP about preventing the next crisis. Find out some helpful financial tips from the author of Mastering Money: How to Beat Debt, and Be Prepared for Any Financial Crisis. As the former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), Norm’s experience and viewpoint has many valuable lessons.
[2:05] Where is the next financial crisis going to come from?
[5:00] The home in which you live, is not necessarily something that needs to be owned
[11:00] Renting vs owning, taking care of the property is one of the major benefits to seeing ownership
[15:00] Understanding affinity fraud
[20:00] What is the Volker Rule? Was it supposed to replace the Glass-Steagall Act?
[28:00] There are some benefits from circulation between the private side and the public side
Wed, 8 April 2020
Kerry Lutz returns to the show to discuss the looming recession due to the coronavirus. China is coming back online with products, but who will be on the receiving end? Jason shares predictions on the rise of suburbia and the ever-diminishing desire to live in high-density cities. Who will receive the U.S. bail-out?
[2:30] You can’t shut down the economy for even 90 days and expect to not have a major recession
[3:50] China is coming back online to some extent now
[7:48] Why would the U.S. bail out the cruise lines?
[13:00] The Federal Reserve is now a bond buyer and might soon become a stock buyer as well
[16:50] What’s to be made of all of the sudden CEO resignations?
[19:15] Expansions create millionaires but recessions create billionaires
[27:30] The rise of suburbia
Fri, 3 April 2020
Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule.
Before this investment skill is revealed, Jason shares an update on the promise of the ‘federal’ reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem.
[2:10] The US ‘federal’ reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy
[5:32] Winning is a relative game: Here’s how you do it!
[9:35] “Density is really an enemy in a situation like this (coronavirus)” NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University
[10:10] Trump is going to reopen the US
[11:00] Chinese are cleaning their money, digital currency
[12:00] Everybody needs more room if we are going to be at home all the time
[14:25] Guest, Tom
[16:45] If you do an installment sale, you pay taxes on an annual basis
[19:15] Why is a QI (qualified intermediary) needed?
[25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule
[28:50] Don’t forget the rule of 72
[33:10] This can be a rescue from a 1031 exchange that isn’t working out
Wed, 1 April 2020
316: Michael Ainslie, “A Nose For Trouble: Sotheby’s, Lehman Brothers, and My Life of Redefining Adversity”
Can we talk about something else? Jason Hartman invites Michael Ainslie to the show to discuss his book, A Nose For Trouble. As well, Michael shares his business tactics helping to grow Sotheby’s in his time with the company. In his stories as Director of Lehman Brothers, Michael talks about SATURDAY MORNING, the weekend that changed Wall Street forever, and some hypotheticals had things gone differently in 2008. And finally, Michael shares a brief story about the beginning of The Posse Foundation.
[3:00] Ten (actually 21) Commandments of Successful Investing, Amendment: Commandment number 22?
[7:00] Michael Ainslie
[9:15] Sotheby’s growth using “good, basic business tactics”
[13:18] The art market and purchasing of major works has become a way for new wealth to distinguish themselves
[13:40] The Sotheby’s scandal with Christie’s Auction Company
[16:00] Sotheby’s real estate, “white elephants”
[20:00] SATURDAY MORNING, Geithner said, “you have two hours to save Lehman,” the weekend that changed Wall Street forever
[24:08] If there were no bailouts, what would that have looked like?
[33:10] The Posse Foundation story