Fri, 31 July 2020
Necessity is the mother of all invention, so let’s talk about creative destruction. The world is fast-tracking technology, and everyone is on zoom. The changes to our everyday culture have changed due to coronavirus. Jason and Evan discuss being adaptable to your environment and how to position yourself properly.
What is a rentier ränˈtyā? Be a part of the elite, provide a service and safety, and understand the concept of economy rent.
[3:00] Necessity is the mother of invention, talking about creative destruction.
[4:15] Location isn’t as important anymore: the big city has less draw. You can live anywhere in the world now with the work-from-home application.
[8:15] You’ve got to be adaptable in an environment like this.
[9:45] The answer to any reasonable question is yes.
[10:00] The Rentier Class
[17:00] Some economic ideas, even Keynesian ideas, are counterintuitive.
[18:30] Understanding the concept of economic rent being in the rentier class.
[22:45] When you buy a house, you are purchasing an asset that cannot be duplicated.
[27:16] Compared to the amount of money creating, inflation has been low.
[35:00] Briefly, how can investors profit from multi-generational living?
Fri, 24 July 2020
Real Estate Star, Bryan Casella joins Jason Hartman from sunny California to share tips on getting started in real estate. This interview is all about having a top producer mindset. Bryan shares his story from pro basketball to real estate broker and the tips he’s learned about being on a high level of success. Bryan answers questions about what he studied to gain the knowledge and tactics he used to get ahead.
[2:00] How did you go from a professional basketball player to a real estate broker?
[6:00] “Getting started and door knocking was my claim to fame.” - Casella
[7:13] Were you prospecting in a sort of shotgun-style, or farming specific areas?
[8:45] In regards to career-advancing, Casella studied the greats and got certified in hypnotism. Mind and communication versus sales and techniques.
[12:00] Are you the agent concerned about the latest and greatest tech, shotgun, and sweat, or combining the two?
[15:12] It’s the Production versus Production Capacity balance.
Fri, 17 July 2020
Jason Hartman talks with Josh Simon, distinguishing different types of commercial real estate, and how they were affected by coronavirus. Most of the media was publishing that commercial real estate is suffering, but it's important to distinguish what kind. Commercial spaces have shifted from experiential to essential, but most successful companies are making adjustments along the way.
New York and California, and similar high-density areas are having trouble enforcing social distancing. How will this affect possible migrations away from heavily populated areas, and the commercial property within? As these changes are made, and commercial spaces are being reused, what kind of zoning problems might come up?
[3:45] While the news has published what they are calling disaster in retail spaces, Josh Simon clarifies exactly which retail spaces are struggling the most.
[5:15] Commercial space has moved largely from experiential to essential.
[11:25] The grocery store will likely get smaller over time with the needs for the center store shrinking.
[13:45] Discussing the trend of businesses adapting to drive-thru, curbside and to-go services.
[17:30] Commercial real estate stats for rent collection.
[23:45] How will New York and California, or any other high-density area, be able to enforce social distancing?
[28:35] How will specialized asset classes do through coronavirus, like self-storage?
[30:00] Are we going to see zoning issues turning some of these commercial spaces into alternative uses?
Fri, 10 July 2020
Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It’s time to stop, pause, and reflect. How can we focus on the moment?
[5:45] Perspective is important, and when we are in the middle of something, it’s difficult to have perspective on it
[7:30] Even though it may not seem like it right now, you have more than this requires
[8:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally
[11:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect
[17:30] How do we focus on the moment?
[23:30] You can control your attitude and you can control your effort, everything else is some form of out of your control
Fri, 3 July 2020
169: 3,000 Year Rates, Inventory, Forbearance & Market Cycles, How an Economy Grows & Why It Crashes Patrick Donohoe
Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth. Jason Hartman asks, “have the rules changes in an era of riots and civil unrest? Bailouts for everyone!
[1:25] Have the rules changed in an era of riots and civil unrest?
[4:45] Sometimes, you need contrast to understand the value of one system.
[9:00] If someone makes a poor choice, there is no bailout.
[13:00] Debt is priced into everything. It fuels the economy.
[14:45] If you want to create real wealth, you simply must have capital formation.