1719 FBF: Coming Stagflation, Pitfalls of Short-Term Rentals & The End of Ethics & Banking with Scott A Shay
07/30/21 • 34 min
Today's Flash Back Friday comes from Episode 1081, originally published in November 2018.
Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.
Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.
Key Takeaways:
[3:40] Alan Greenspan's new article highlights some of his concerns about our economy
[7:19] The graying of America
[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?
[14:17] What concerns Jason about short-term rentals
Scott Shay Interview:
[20:45] There's a degradation of ethics and character today
[25:26] How do we fix our current idolatry of money and power?
[30:00] How Adam Smith and Chapter 19 of Leviticus are similar
Website:
Today's Flash Back Friday comes from Episode 1081, originally published in November 2018.
Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.
Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.
Key Takeaways:
[3:40] Alan Greenspan's new article highlights some of his concerns about our economy
[7:19] The graying of America
[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?
[14:17] What concerns Jason about short-term rentals
Scott Shay Interview:
[20:45] There's a degradation of ethics and character today
[25:26] How do we fix our current idolatry of money and power?
[30:00] How Adam Smith and Chapter 19 of Leviticus are similar
Website:
Previous Episode
1718: REAL Construction Costs & Supply Chain Disruptions with Venveo's Zach & Beth
There's a shortage of everything going on in the world today. And even when some things are available, another part of the supply chain is clogged and we can't get the parts we need. Nowhere is this truer than the construction industry.
Jason Hartman is joined by Venveo's Zach and Beth to discuss what's actually happening with the supply chain and how long we can expect this to continue. The 3 discuss the 4 L's of construction, a shift in attitude toward manufacturing houses, how the pandemic has impacted the way people are buying, and more.
Key Takeaways:
[3:29] Is the market really cooling off?
[8:23] What the RHPI is telling us (Real House Price Index)
Zach & Beth Interview:
[16:16] Prices of materials coming down doesn't mean savings for the consumer
[20:00] Some operators haven't seen supply chain issues but have been able to capitalize on the moment and increase their margins
[22:42] Labor shortages in construction is not a new thing
[26:40] Home starts are increasing
[30:12] Homeowners are becoming much, MUCH more educated about how their homes are built
[33:03] Are supply shortages going to be a continuing thing moving forward?
Website:
Next Episode
1720 - The Art of Impossible, Peak Performance by Steven Kotler
Jason talks with Steven Kotler, Founder of the Flow Research Collective, one of the world's leading experts on Ultimate Human Performance, and #1 New York Times' bestselling author of Abundance: The Future Is Better Than You Think, Stealing Fire: How Silicon Valley, the Navy SEALs, and Maverick Scientists Are Revolutionizing the Way We Live and Work, The Rise of Superman: Decoding the Science of Ultimate Human Performance, Bold: How to Go Big, Create Wealth and Impact the World, The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives, and the new book The Art of Impossible: A Peak Performance Primer
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