Fri, 29 November 2019
Jason Hartman 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.
[1:56] Economic reinvention is a bottom up thing as people found what they were good at and innovators moved into the city
[6:08] Why you have to create incentives like those the Opportunity Zone offers
[10:10] Why real estate matters
Sat, 23 November 2019
Jason Hartman talks with Steve Glickman, Senior Economic Advisor to President Barack Obama and chief architect of the Opportunity Zone project, about how the Opportunity Zone system works, the definition of an Opportunity Zone and what benefits the program provides for real estate investors.
[1:14] There are now 8,766 Opportunity Zones across the US
[5:31] There are about 300 Opportunity Zone funds targeting $65 billion and have raised about 15% so far. How big is this expected to get?
[8:28] The 2 big factors in why zone based programs become unsuccessful
[10:16] What is the Opportunity Zone program?
[13:23] Will Opportunity Zones exacerbate gentrification?
Fri, 15 November 2019
Jason Hartman talks with Brian Beaulieu, author of Prosperity in the Age of Decline and CEO of ITR Economics, about what's really going on in our economy right now. It's not as doom and gloom as some people have made it out to be, and it wasn't so a few years back. Brian explains what indicators you should really be paying attention to and what's coming up in 2020 as well.
[2:14] What is the next cycle going to be?
[5:27] The G7 leading indicator is something you should be watching
[9:55] The peculiarity of the trade tariffs that have been imposed
[13:06] Globalization is under severe negative pressure
Fri, 8 November 2019
Jason Hartman and Investment Counselor Doug take a look at the danger of manias, especially when it comes to investing in startup companies (like WeWork). It's easy to get caught up in rising valuations and the like, but it's also easy to lose a whole lot doing so.
Jason and Doug then discuss the Wealth Simulation exercise that was held at Profits in Paradise, including lessons learned about the method of building your portfolio that will set you up for the greatest wealth.
[2:22] WeWork is a great example of why you should follow Commandment 21: Thou Shalt Avoid Manias
[7:17] Don't fall for the company line of how they're going to change the world. Voluntary exchange with a company changes the world on its own
[10:24] Don't be fooled by the resume or the amount of money that's being pumped into a company when making investment decisions
[11:57] Blogcast: Housing vs Shelter
[19:22] How the Wealth Simulation exercise worked
[23:23] One of the top strategies in the wealth simulation game was a mixture of linear and hybrid markets so you could take advantage of cash flow and appreciation
[29:35] You don't have to have too many properties before you're at the point where you're dealing with the law of large numbers