344: Brian Adams - Inflation, Commercial Real Estate, Demographics
09/04/20 • 34 min
Founder of Excelsior Capital, Brian Adams joins Jason Hartman today to discuss everything from millennials moving to the suburbs to the office market and how it’s changing post-pandemic. Public transportation is likely to continue its trend downward as the car will regain popularity in need for social distancing and health.
Key Takeaways:
[2:30] Millennials, it’s not all Brooklynn bars and avocado toast, now they are trending towards suburban areas.
[7:00] Speaking on the logistical challenges of a vaccine for COVID-19
[9:15] What do you see for the office property market?
[11:30] Suburban offices have a better chance of surviving the pandemic than high-density urban areas.
[14:15] Companies moving more towards mothership and hub and spoke models.
[15:15] Are any new deals going on in the office market?
[16:00] How far through this pandemic do you think we are?
[17:20] The fed and congress have been flooding the capital market system with liquidity.
[21:45] Will the development of tech push non-techies into a need for UBI?
[22:25] Discussing office reuse.
[25:45] Inflation will more than likely hit back.
[27:00] While the supply chain might be lacking, the price of construction seems to be substantially lower.
Websites:
LinkedIn: Brian C. Adams
www.JasonHartman.com/properties
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Founder of Excelsior Capital, Brian Adams joins Jason Hartman today to discuss everything from millennials moving to the suburbs to the office market and how it’s changing post-pandemic. Public transportation is likely to continue its trend downward as the car will regain popularity in need for social distancing and health.
Key Takeaways:
[2:30] Millennials, it’s not all Brooklynn bars and avocado toast, now they are trending towards suburban areas.
[7:00] Speaking on the logistical challenges of a vaccine for COVID-19
[9:15] What do you see for the office property market?
[11:30] Suburban offices have a better chance of surviving the pandemic than high-density urban areas.
[14:15] Companies moving more towards mothership and hub and spoke models.
[15:15] Are any new deals going on in the office market?
[16:00] How far through this pandemic do you think we are?
[17:20] The fed and congress have been flooding the capital market system with liquidity.
[21:45] Will the development of tech push non-techies into a need for UBI?
[22:25] Discussing office reuse.
[25:45] Inflation will more than likely hit back.
[27:00] While the supply chain might be lacking, the price of construction seems to be substantially lower.
Websites:
LinkedIn: Brian C. Adams
www.JasonHartman.com/properties
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Previous Episode
343: K-Shaped Recovery, Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
Jason Hartman talks about the K-Shaped recovery. Are we moving to a smaller economy? Can Biden kill the 1031 exchange, and use those tax funds elsewhere? How will this impact every aspect of real estate surrounding investor deals?
Jason interviews Chairman of Whalen Global Advisors LLC, R. Christopher Whalen. Whalen speaks on location changes of people and businesses due to Coronavirus. Not only are business locations changing, but companies have been forced to move away from the “old way” of doing business and finally adapting to innovations in technology and communication. Whalen also gives a glimpse into his recent book and discusses the fed’s strategy to steer clear of deflationary times. Will we see consequences from the creation of money and bailouts?
Books: Inflated, How Money & Debt Built the American Dream by R. Christopher Whalen
Key Takeaways:
[1:00] Jason talks about the recovery shapes: are we moving into a smaller economy?
[5:00] Businesses going virtual.
[9:20] Biden wants to kill the 1031 exchange.
[15:00] Could Biden use the elimination of the 1031 exchange as a way of embarrassing Trump?
R. Christopher Whalen
[21:00] Not only are people leaving big cities, like NYC, because of COVID-19, but large companies are also looking to move so that they can relocate the people that work within them.
[23:30] Coronavirus has forced businesses to move out of “the old way.”
[27:50] A brief history of banking, from Abraham Lincoln to present.
[30:20] Before the creation of The Fed, J.P. Morgan was essentially the central bank.
[32:00] Whalen breaks down how he differentiates between inflated as he puts it and inflation.
[37:15] Will we see any consequences from the creation of money and bailouts?
[38:00] Quantitative Easing: central banks buy government bonds or other financial assets to inject money into the economy to expand its activity.
Websites:
www.JasonHartman.com/properties
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
Next Episode
345: Client Case Study, Adam Jackson, Infinite Returns for USMC Vet
Jason Hartman invites client, Adam Jackson, onto today’s show to discuss how he turned 5 years of investing into 14 properties with infinite returns. Adam shares his story from listening to an audiobook, to our podcast to becoming an investor. This is all coming from a USMC vet and someone in the aerospace industry.
As well, Jason and Adam discuss the global currency, the Baby-Boomer to Millennial wealth transfer. How will the Millennials treat this wealth transfer, one of the largest wealth transfers to date. Lastly, people are fleeing NYC, or upgrading their NYC apartments. Key Takeaways:
[2:15] Adam shares what are his “infinite returns” on half of his portfolio.
[5:00] Adam’s story from reading Seven Years to Seven Figures, listening to Creating Wealth Real Estate Investing, and closing on his 14th property. All in 5 years!
[10:00] Gain control of the real estate and then let it work for you.
[13:00] What were the good/bad experiences in the first five years of investing?
[18:00] Your worst deal was a double-digit ROI?
[21:30] Some people in the income property game think they’re losing when they’re winning because they don’t know how to do the math.
[24:30] Income property investing vs. Wall St.
[25:30] Where do you see the US going, from a perspective in tech and aerospace?
[29:00] If not the US, who will take the place of the world's reserve currency?
[32:45] The Boomer to Millennial wealth transfer.
[34:00] People are fleeing NYC or upgrading their size for the same price.
[36:10] Beyond property tracker, what other apps, tools, or resources do you use?
Websites:
www.JasonHartman.com/properties
Jason Hartman PropertyCast (Libsyn)
Jason Hartman PropertyCast (iTunes)
1-800-HARTMAN
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