Creating Wealth Real Estate Investing with Jason Hartman

Jason Hartman

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Jun 26, 2023 • 27min

2017: Real Estate Market Update: Strong Rent Growth and Resilient Buyer Demand, Conditional Value at Risk (CVaR)

Today, Jason is in Ibiza, Spain and provides updates on the real estate market. He discusses the monthly single-family rent report by CoreLogic, which shows a 4.3% annual rent growth, surpassing his recommended target of 4% for rent increases. Despite claims of collapsing rents, the rental market remains strong. Jason emphasizes the ongoing shortage of inventory due to homeowners holding onto their low-rate mortgages, which are considered valuable assets. He also highlights the resilient buyer demand, the high credit scores of borrowers, and the dominance of new home sales in the market. Overall, the real estate market continues to surprise and delight property owners while disappointing those waiting for a crash. And in his third installment, Hedge Fund Manager Manny Kim discusses the concept of Conditional Value at Risk (CVaR), also known as black swan risk, and its application to investment strategies. CVaR is a measure that helps quantify the average loss in extreme scenarios or "black swan" events. By using CVaR, investors can assess the potential losses beyond a certain cutoff point in their investment distributions. Manny explains how CVaR is calculated based on the Value at Risk (VaR) and how it can be used to evaluate and optimize portfolios containing various assets. He also highlights the relatively lower black swan risk associated with income properties compared to the stock market. Key Takeaways: Jason's editorial 1:49 Greetings from Ibiza, Spain and follow Jason on Instagram 2:38 Corelogic's monthly single family rent report: it's up 4.3%! 4:11 Percent of Closed-End, First Lien Mortgages Outstanding by Interest Rate 6:20 Percent of Closed-End, First Lien Mortgages Outstanding by Loan-To-Value 7:19 Mortgage Originations by Credit Score 8:40 New Homes Make Up A Historically High Share of Overall Inventory 12:47 January report on new home sales Manny Kim's interview 13:39 CVar and Black Swans 14:20 Conditional Value at Risk 17:19 Stock Market vs. Income Property 19:17 Black Swan risks in Stocks and Income Properties Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 23, 2023 • 49min

2016 FBF: Central Banks vs Public Banks with Ellen Brown Author of 'The Public Bank Solution' & 'Web of Debt'

Today's Flashback Friday is from episode 435 published last November 5, 2014. Jason Hartman deals with issues in his introduction such as how to deal with your property manager, what we need to know about monetary policy and considers just how intricate the links between politics and real estate investment really are. In the interview portion of the show, he talks to author Ellen Brown about her books Web of Debt and The Public Bank Solution about public banks worldwide, whether we need a Central Bank and if there can ever be a realistic option for funding which doesn't include Wall Street. Key Takeaways 2:58 We have to really understand monetary policy because it always has a direct impact on real estate investors and their tenants 5:00 Politics and real estate are so interlinked you just can't have one without the other. 10:51 You need to ensure you retain the control position with your property manager. 18:08 The US only has one state-owned bank, compared with 40% of publicly owned banks worldwide. 22:28 The public banks have always done better when they're in the small community-style markets that they know. As soon as they branch out, the problems arise. 27:50 The main difference between a credit union and a public bank is the size of the depositor. Credit unions are great for individual depositors, where public banks have a city or state as its main depositor. 31:50 Historically, countries like Australia have shown us when Central Banks do and do not work. 36:35 Jason Hartman takes the matter and asks "Do we even really need a Central Bank?" 37:35 Ellen Brown remarks that she would opt for a bottom-up government where each level is selected by people that personally know the individual. 40:04 People are using money to work their way higher and higher, and now we're at a point where banks own businesses which they really shouldn't. They should be in banking. 41:35 There may be a chance that crowd-funding initiatives can remove Wall Street from the funding equation. 44:45 For more information about Ellen Brown and her published works, head to www.EllenBrown.com Mentioned in this episode Web of Debt by Ellen Brown The Public Bank Solution by Ellen Brown www.EllenBrown.com www.PublicBankingInstitute.org Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 21, 2023 • 32min

2015: Value at Risk (VaR) for Real Estate Investors: Calculation Methods and Risk Comparison

In this episode, Jason Hartman discusses the ongoing shortage of home listings in the United States, which may last for up to 28 years due to low-interest mortgages. He explores potential solutions like portable mortgages and eliminating the due-on-sale clause but highlights the challenges associated with them. Despite the lower demand and affordability issues, the severe lack of inventory is restricting home sales, making a housing crash unlikely. Jason also emphasizes the resilience of the suburban market and the revival it is experiencing as more Americans, including millennials, choose to settle down in suburbs rather than cities. Jason also welcomes back Manny Kim who explains the concept of Value at Risk (VaR) and its significance for investors, particularly in real estate and income properties. VaR is a statistical measure commonly used by investment banks to assess the potential risk and probability of losses in a portfolio or group of assets over a specific time frame. Manny discusses three methods of measuring VaR: historical data analysis, parametric method, and Monte Carlo simulations. He focuses on the historical data approach to illustrate the calculation of VaR for stock markets and income properties. The analysis reveals that the stock market carries a higher risk compared to income properties, with greater potential for losses at given odds. By quantifying the potential losses, VaR provides investors with a precise measure of risk, allowing them to make informed investment decisions. Website: https://gizacapital.com/ #ValueAtRisk #InvestmentRisk #RealEstateInvesting #IncomeProperties #StockMarket #RiskManagement Key Takeaways: Jason's editorial 1:20 Greetings from Cannes, France 2:25 A majority of counties have listings below 2017 levels 4:24 Breaking the lock on the property market 8:29 Disruptive tech that increases housing supply is needed 9:38 Hardly an change in housing supply since 2017 10:13 Existing home sales fell 23% in April 13:36 Top metros with the most foreclosure starts in Q1 2023 15:20 Millennials and America's surprise revival: The Suburbs Manny Kim interview 20:12 Value at Risk (VaR) and you as an income property investor 21:55 Three ways to measure VaR 23:24 Historical Data method for stocks and income property 28:12 Comparison: Stocks and Homes Website: https://gizacapital.com/ Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 19, 2023 • 24min

2014: The Sharp Ratio: Applying a Nobel Prize-Winning Concept to Income Property and Stocks

In this episode, Manny Kim from Giza Capital joins the show to discuss the Sharp Ratio and its application to income property. The Sharp Ratio, developed by William F. Sharp, measures the reward-to-variability ratio of an investment and is widely used in quantitative finance. It compares the excess return of an asset class to the standard deviation of that return, providing a single number to assess investment performance. This ratio allows for apples-to-apples comparisons between different asset classes, including real estate and stocks. Real estate tends to have lower volatility than stocks due to its lower liquidity, making it a potentially attractive investment. However, it is important to consider the assumptions and limitations of the Sharp Ratio, such as the stability of variance and the distribution of returns. By calculating the Sharp Ratio, investors can evaluate risk-adjusted returns and make informed investment decisions. Website: https://gizacapital.com/ #SharpRatio #InvestmentPerformance #RealEstate #StockMarket #RiskAdjustedReturns Key Takeaways: Jason's editorial 1:25 Welcome to Portofino, Italy 4:49 "Buy and Hold" 6:09 The "Due On Sale" Clause- addressing the housing shortage 7:11 Massively low rates Manny Kim interview 8:46 Introducing the Sharpe Ratio 9:21 How and why the Sharpe Ratio applies to income property and not just the stock market 10:50 What is the Sharpe ratio 12:23 A theoretical sample 13:23 Income property- a better risk adjusted return 15:00 Pros and cons 17:16 Actual calculations for stock market and income property 18:28 Calculating the Sharpe ratio for the stock market 20:00 Doubling the Sharpe ratio with income property 21:27 Comparing the stock market versus income property Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 16, 2023 • 38min

2013 FBF: Inflation, Deflation & Underemployment with Jeff Macke of Yahoo Finance & Author of 'Clash of the Financial Pundits'

Today's Flashback Friday is from episode 441 published last November 19, 2014. In today's Creating Wealth Show, Jason Hartman talks to Yahoo Finance's Jeff Macke about the impact of changing technologies, the perception of Doomsday skepticism and what underemployment means for those seeking jobs and those hiring. Macke also ways in on the inflation/deflation debate and discusses some of the points raised in his book Clash of the Financial Pundits. Key Takeaways 01:15 We want to hear your opinions and thoughts on the show, so be sure to leave a review on iTunes or Stitcher Radio. 07:00 To have your questions answered on the show, just sign up for an appointment at www.JasonHartman.com/Jason 08:40 Jason Hartman runs through the schedule for the Birmingham Property Tour on Saturday 22nd and Sunday 23rd November 2014. 11:30 There is some disparity between what the press makes us believe and the reality of the economy. 14:53 New technology combined with human resources can lead to an end to such extreme inefficiency. 18:03 Underemployment is a tricky issue when we have so many graduates with massive student debt who still can't get a job. 22:29 How many jobs will this new technology end up replacing? 25:27 It's easy to criticize and bet on the Doomsday ending, but it's a lousy bet. 27:57 Jeff Macke gives his opinion on the future in terms of inflation or deflation. 31:56 There are two real ways of making money as a pundit: make other people money or just scare them. 33:13 The gold-bugs focus so much on the math, but it's just not all about math. We now have so many other factors that come into play, and we can't forget about them. Mentioned in this episode Clash of the Financial Pundits by Jeff Macke www.Hotwire.com www.Priceline.com www.Lyft.com www.Uber.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 14, 2023 • 32min

2012: Understanding the Impact of Inflation, Interest Rates, and Real Estate Market Changes in 2023

Today, Bronson Hill of https://BronsonEquity.com/ interviews Jason as he shares his perspective about the real estate market and the impact of inflation and interest rates. He highlights the importance of comparing current conditions to a more stable period, like 2019, rather than the anomaly of the COVID era. While some may perceive real estate as expensive, considering factors like inflation and interest rates reveals that it may not be the case. Jason emphasizes the need to analyze the monthly cost of a property, which is how most people purchase real estate. He also addresses the decline of the middle class and its implications for society. Regarding the Federal Reserve's interest rate policies, Jason predicts a potential increase of two more times, leading to a recession. However, he acknowledges the difficulty in defining a recession and suggests that the Fed will eventually adjust its approach. Investing in real estate offers significant advantages in the current market. Despite a low foreclosure rate and fewer properties for sale, investors can still find opportunities. Rather than comparing the situation to the financial crisis, it's important to understand the unique dynamics at play. Many people are hesitant to invest due to uncertainties, but holding cash comes with its own risks. With inflation eating away at cash value, investors are losing money. On the other hand, real estate provides a tangible asset that generates cash flow and appreciates over time. Inflation-induced debt destruction further benefits real estate investors, as mortgage balances decrease in value. Investors should focus on the best available alternative, and with properties performing at 20% or more annually, real estate remains an attractive option. #RealEstateInvesting #InflationProtection #CashFlow #WealthCreation #RealEstate #Inflation #InterestRates #MarketTrends #EconomicOutlook Key Takeaways: Jason's editorial 1:23 Welcome to the Neuschwanstein Castle Palace in Germany Bavaria 2:07 Your income property in a hundred years Jason's interview with Bronson Hill 3:00 Compared to what? 6:17 Apples to Condos 8:05 The middle class in under attack 9:11 Predicting FED rate hikes and preferring a free market 11:35 The single family home and the 3 types of markets 14:32 Shadow demand for housing, oversupply of inventory and foreclosure 18:15 "Money never sleeps" and T.I.N.A. 22:30 Inflation Induced Debt Destruction 24:18 The biggest problem facing humanity 26:50 Consider the source 28:07 Advice to the 20 year old Jason 30:35 No disruptive technology to fix the housing shortage- yet Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 12, 2023 • 36min

2011: Residential & Commercial Real Estate Market Transactional Values, Trends and Challenges with Mike Zlotnik

In this episode, Jason interviews Mike Zlotnik from the Tempo Family of Funds https://tempofunding.com/ to gain insights into the current state of the real estate market. Mike discusses the impact of high-interest rates on commercial and residential properties, particularly in the retail and office space sectors. He mentions that transaction volumes have significantly declined, with some properties being sold at a distress due to the need for immediate sales. However, multi-family apartments and self-storage properties continue to perform relatively well. Mike highlights the challenges faced by value-add projects that were acquired with bridge loans and are now reaching maturity. These assets may need to be sold at a discount if refinancing is not feasible. Additionally, he mentions the difficulty in raising cash for refinancing within syndications, as investors may not be willing to contribute more funds. Despite the challenges, Mike believes that the market may improve if interest rates stabilize or decrease. They also discuss various economic topics, including unemployment, inflation, central planning, entitlements, and the real estate market. They touch upon the impact of technology and artificial intelligence on employment, the shortage of workers in the housing construction sector, and the shift from fix-and-flip properties to new construction properties in the real estate market. They also mention the decline in hard money loan volume for fix-and-flip projects and the need for more distressed properties in order to stimulate the market. While they have different perspectives on how these issues can be resolved, they agree that the current economic situation presents challenges and uncertainties. #realestate #marketupdate #commercialproperty #residentialproperty #transactionvolume #interestrates Key Takeaways: Jason's editorial 1:27 Greetings from the beautiful Danube river 2:12 Shortage of houses affecting people and areas harder than other 3:53 We have 700 videos on our Main YouTube channel https://www.youtube.com/@JasonHartmanRealEstate/videos 4:22 Itinerary for the next few weeks Mike Zlotnik interview 6:00 Welcome Mike Zlotnik; an overview of different asset classes 9:10 Transactional volume for office space is down by 75% 10:12 The residential market trend is going down 12:30 Extending or renegotiating deals 15:10 The banks and the creature form Jekyll Island 16:45 Prediction on what the FED is going to do 19:32 Commercial Mortgage Backed Securities, residential market and the overall economy 22:22 Entitlements and a giant shortage of workers especially in the housing sector 24:03 Hard money lending, the build-to-rent model and the shortage of inventory 28:57 Awesome mortgage rates equals non-distressed home sellers 31:42 Home builders are starting at such high prices 33:07 Being opportunistic in this current environment and buying build-to-rent properties Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 9, 2023 • 37min

2010 FBF: Larry Winget - Pitbull of Personal Development, Taking Control of Your Life

Today's a Flashback Friday and a 10th episode! This one is from episode 560, published last August 26, 2015. If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn't ring true for you then you need to "grow a pair" and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn't help anybody. https://larrywinget.com/ Last call for Jason Hartman University Live in San Diego. Key Takeaways: Jason's Editorial 1:58 Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego 3:33 The Venture Alliance trip to Newport Rhode Island in the last days of September 4:56 Is this the beginning of the economic meltdown 6:04 Content for JHU Live includes specialists in land contracts and investment property lenders Larry Winget Interview 8:07 Entitlement is the biggest enemy to our society 8:59 People need stronger opinions and need to stand up for them 9:44 Living on the edge is what gets one into history books 10:50 The "I have a pair" test 12:16 If you put up with something you condone it 12:50 If you want to do the other party a service speak up about crappy service 13:54 Peale's "ruined by praise than saved by criticism" quote 14:57 Ground your opinion and refuse to create drama 16:14 I provoke people on purpose 17:33 Which is better having rabid fans or rabid enemies 19:35 I can count on my haters, they buy my products 20:28 Numbness is a caused by a of lack of confidence in a speaker's' faith in what they say 21:51 Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees 23:27 We expect more out of our government than we expect out of ourselves 25:21 Being in the middle is a safe place but it's no fun 27:12 Honest and open communication isn't welcome in a world of political correctness 28:44 I respect all opinions on my social media page 30:38 It's not about changing somebody else it's always about yourself 32:49 Kid's need to experience failure and friends need the truth Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 7, 2023 • 33min

2009: Artificial Intelligence and the Future: Job Displacement, UBI, Technological Breakthroughs and Adjustable Rate Mortgages

In this episode, Jason shares updates from his European journey, starting with his time in Budapest and now on a river cruise along the Danube River. He reflects on the potential impact of artificial intelligence (AI) on the future of humanity and the job market. With AI's ability to generate language and automate tasks, it raises questions about job displacement and the need for universal basic income. Jason discusses the ongoing battle between deflationary technological advancements and inflationary monetary policies. He invites listeners to share their opinions on the subject and explores the emergence of "prompt engineering" as a new skill in the AI era. He then discusses the current state of the real estate market, emphasizing the importance of understanding sales volume and pricing as separate entities. He highlights the misconception that lower sales volume is solely due to lower demand, when in reality, it can be attributed to a lack of inventory. Hartman explains that the market has experienced a decline in sales volume, but not significant pricing changes. Additionally, he points out that the focus of discussions in the real estate market is primarily on prices rather than rental yields and income. Hartman emphasizes the significance of considering rental income when making investment decisions. He also highlights the alarmingly low housing inventory, with only 420,000 homes for sale in the United States, creating a shortage. Finally, Hartman briefly touches on adjustable rate mortgages, stating that they are becoming more attractive to buyers in the current market. Understanding the workings of adjustable rate mortgages is crucial for those considering this option. #ArtificialIntelligence #AI #futureofwork #jobdisplacement #UBI #technology Key Takeaways: 1:22 Cruising along the Danube River 3:00 Ai, Large Language Model (LLM) and the jobs lost and created 6:45 Universal Basic Income (UBI) and the deflationary and inflationary forces 10:05 Let us know your thoughts https://www.jasonhartman.com/ask 10:57 Concerns about generative Ai and the upcoming industry of Prompt Engineering 12:56 From Ice bath to blood bath: California struggles with inventory 15:37 Coco in bed- bringing cheer to many! 16:31 California numbers below the 2022 and 2021 levels 17:31 Conflating sales volume versus sales prices 22:18 US SFR Total Available Inventory - Weekly, By Year 24:27 5 major factors of Adjustable Rate Mortgages 30:00 Empowered investor Pro meeting - Hybrid Property management Mentioned: Altos Research Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
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Jun 5, 2023 • 37min

2008: Insights into the Economy, Markets, the Everything Bubble and Income Investing: The Outlook for Credit Spreads in 2023 with David Hay

Today, Jason discusses his recent trip to Budapest, Hungary and yacht week in Greece. He believes the Fed must pivot and lower interest rates and increased housing affordability will lead to a rebound in the housing market. The majority of investors are buying properties and taking more control over their finances by using the hybrid self-management approach he recommends to his exclusive group Empowered Investor Pro. And in this episode Jason welcomes David Hay, financial advisor and chief investment officer of https://evergreengavekal.com/ giving a macro outlook on today's economy. David shares deep insights into the economy, markets, and income investing. With a focus on generating cash flow from investments, their expertise lies in income generation. Hay believes we're on the verge of a major credit spread expansion, which is crucial for financial markets and the economy. Credit spreads, the difference between government and corporate bond yields, widened significantly last year, negatively impacting balanced portfolios. While credit spreads narrowed and led to a rally, Hay predicts another widening due to rising bankruptcy and tightening lending standards. Understanding credit spreads can provide buying opportunities and higher yields in the future, despite market timing challenges. Key Takeaways: Jason's editorial 1:29 Traveling to Budapest 2:34 We're having a macro outlook at our economy and when the FED pivots 4:25 Empowered Investor Pro and the hybrid approach to property management David Hay interview 5:47 Introducing David Hay of https://evergreengavekal.com/ 6:43 Major credit spread expansion and defaulting Junk bonds 13:09 Bubble 3.0 - the commercial space meltdown 15:24 Dicing up the corporate bankruptcies 17:51 What is the FED going to do 19:00 Emerging markets, interest rates and the QE markets 22:49 "Greenflation" is incredibly inflationary 24:15 De-globalization and inflationary pressures and the current housing shortage issues 27:05 Pivoting the FED, the debt ceiling distraction and the 4 Fs scenario 29:12 The oncoming train wreck this second half of 2023, the tsunami after the tsunami 33:24 Kicking the 'can' down the road- indefinitely Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

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