Listen in to a crying, sniffling registered nurse. Despite a two-parent income, she tells us that her family is trending toward poverty due to surging inflation.
For home prices to fall, many homeowners need to walk away. But if they tried that today, they’d have to pay more in rent than they would on their low mortgage payment.
It’s absurd to only have one source of income.
401(k)s are considered a scam by some. I explain. Plan participants buy an income stream “probably later”. Real assets that cash flow provide income “surely now”.
There’s no such thing as: rent inflation, food inflation, or energy inflation. Inflation comes from the central bank.
One dollar in 1776 has the purchasing power of $35.36 today.
The worst consequence of inflation is that one parent could work to be middle class in the 1950s. It became two by the 1990s. After the 2020s inflation wave, two parents might not be enough anymore.
I explain why the Fed should keep interest rates the same for at least one year. But I doubt that they will.
Resources mentioned:
Show Notes:
Terrific inflation resource, charts:
https://www.officialdata.org/us/inflation/1776
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571: Trump’s Takeover of the Fed Will Unleash a Wealth Bonanza and a Dollar Crash with Richard Duncan
569: Star of A&E’s “The Real Estate Commission”: Todd Drowlette on Big Deals, Big Drama & Bigger Negotiations
566: Your Listener Questions – Bonus Depreciation, Realtor Fee Changes, Down Payments, Outrageous Inflation
563: Are College Towns Doomed? Housing Supply Grows, More Apartment Loan Implosions with Hannah Hammond
553: “Tariffs Will Create Empty Shelves and Economic Disaster” -Father of Reaganomics, David Stockman Joins Us
521: Terrible Predictions, “End the Fed” and Capitalism with Mises Institute President Dr. Thomas DiLorenzo
512: Rent Control is a Bad Plan, Own Land in a New Micronation with Liberland President Vit Jedlicka
464: Avid GRE Listener Buys 11 Rental Properties in 4 Years. Here’s What Happened, with Shawn Finnegan
445: Your Questions Answered: Overleveraged, House Hack vs. Turnkey, Hyperinflation, With Keith Weinhold
411: What Does Life Want From You? Rentflation, Housing Market Normalizes, Available Properties, With Naresh Vissa
316: Why The Housing Crisis Will Worsen – Keith’s Prediction, Guaranteed Rent Income with GRE’s Aundrea Newbern
