Sign up for the Jason Hartman University Event this coming September https://www.jasonhartman.com/Phoenix . Also don't forget to register for our FREE Masterclass every second Wednesday of each month at https://jasonhartman.com/Wednesday
In the introduction, Jason primarily focuses on two key topics: upcoming investment opportunities and a significant legal scandal. He first details an upcoming Phoenix event that will introduce attendees to methods for extracting home equity without affecting existing low-interest mortgages or incurring new monthly payments, and reveal a novel property investment type offering high monthly income relative to purchase price. Subsequently, he transitions to a scathing exposé of Marco Santorelli, a former competitor accused of defrauding investors of $62.5 million through a Ponzi scheme involving bogus promissory notes, with Jason using official government and news sources to highlight the severity of the charges and the devastating impact on victims.
Jason then joins Gene Morris of Rebel Capitalist. He asserts that the market is currently experiencing minimal distress, despite ongoing debates about a housing deficit, which he estimates at 4.5 million homes. He argues that housing inventory remains exceptionally low when adjusted for population growth, comparing current levels to those of the 1990s and 2017 but with a significantly larger population. Jason critiques the S&P 500's real returns, claiming they are almost nonexistent when adjusted for inflation, which he believes is understated by the CPI. He advocates for real estate as a superior investment strategy due to its ability to leverage debt, with tenants covering costs and offering substantial returns, far outpacing inflation, especially in a "ludicrous mode" scenario of 15% appreciation. Jason concludes that real estate prices are unlikely to crash without a significant number of distressed homeowners and that even a slight decrease in mortgage rates could unlock millions of new buyers, further exacerbating the existing supply-demand imbalance.
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