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CW 1048: Real Estate Ponzi Scheme, Housing Market Slow Down, Opportunity Costs
Creating Wealth Real Estate Investing & Income Property
English - January 28, 2019 18:00 - 33 minutes - 29.6 MB - ★★★★★ - 43 ratingsInvesting Business wealth finance money real estate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today's show features Jason Hartman discussing some of the main stories in the news today. The first story is one of the reasons Jason created Commandment #3 (Thou Shalt Maintain Control), the next is a potential sign of a market slowdown from none other than the scandal plagued Wells Fargo, then the potential return of risky loans. Finally we wrap it up with a story on how California might make it even more expensive to live there.
Key Takeaways:
[2:09] Forgetting Commandment #3 can often be an expensive lesson and the biggest Ponzi scheme in the world
[6:52] Always think of opportunity cost when you have money sitting around
[12:20] A potential sign of a market slowdown from Wells Fargo
[16:49] The housing market is slowing from the top down and hasn't hit the type of homes that Jason's network sells
[20:44] Are banks starting to push risky loans?
[26:07] California is considering changes to Prop 13 and home requirements, which Jason believes would be devastating for real estate holders
Website:
Profits in Paradise
Jason Hartman's Alexa News Briefing
The PropertyCast