We experienced an unprecedented drop in GDP in 2020 and record unemployment numbers. And yet, the real estate and stock markets seem to be doing fine. So, how do we make sense of this discrepancy? What is the economic outlook for 2021 and beyond? And is now a good time to invest in short-term rental properties?
Jason Hartman joined Jasper Ribbers on Get Paid For Your Pad to discuss all this and more.
Jason Hartman joins Doug Utberg on The Terminal Value podcast to talk economics of the day. The two discuss how you truly grow wealthy in the United States, whether we're really in a low inflation environment, the impact of low interest rates, and more.
[3:45] The REAL way you grow wealthy. There's only 2 ways.
[9:50] There's more inflation that we're being told
[15:50] When you adjust the numbers to current value, real estate has gotten cheaper the last 14 years
[20:36] Low interest rates will kill supply in the coming years as people won't want to give up their low interest rate and move