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The InfluenceWatch website was my source for the info on the President of Open Primaries.02:06: Robert F. Kennedy ballot case;04:38: Green Party CA governor candidate Butch Ware;19:35: Freedom Fest for independents and libertarians
Peter Schiff analyzes the stock market relief rally, criticizes Trump's trade policies and tariffs, and argues that the new tax bill and economic issues are not being properly addressed.This episode is sponsored by Square. Get up to $200 off Square hardware when you sign up at https://square.com/go/peter
Hour 3 Segment 1 While Tony is away, Andrew Langer fills in! Andrew starts the final hour of the show talking about regulatory costs. Andrew also talks about Tim Walz questioning the GOP and Walz’s daughter not going to her dream graduate school because they don’t protect prosecutors. Hour 3 Segment 2 Andrew talks Whoopi Goldberg and Jameison Greer’s thoughts on the 90-day tariff pause. Andrew also talks about Nia Malika Henderson on upending the economy for HVAC jobs. Later, Andrew talks about how President Donald Trump says he’s very close to their first trade deal. Hour 3 Segment 3 Andrew is joined with Mark Skousen to talk about FreedomFest 2025. Hour 3 Segment 4 Andrew wraps up another edition of the show talking more about President Trump's cabinet meeting from yesterday. Andrew also talks about Pete Hegseth’s progress update on the Panama Canal. Later, Andrew talks about how Hegseth says military recruiting numbers are up. See omnystudio.com/listener for privacy information.
Andrew is joined with Mark Skousen to talk about FreedomFest 2025. See omnystudio.com/listener for privacy information.
Hour 3 Segment 1 While Tony is away, Andrew Langer fills in! Andrew starts the final hour of the show talking about regulatory costs. Andrew also talks about Tim Walz questioning the GOP and Walz’s daughter not going to her dream graduate school because they don’t protect prosecutors. Hour 3 Segment 2 Andrew talks Whoopi Goldberg and Jameison Greer’s thoughts on the 90-day tariff pause. Andrew also talks about Nia Malika Henderson on upending the economy for HVAC jobs. Later, Andrew talks about how President Donald Trump says he’s very close to their first trade deal. Hour 3 Segment 3 Andrew is joined with Mark Skousen to talk about FreedomFest 2025. Hour 3 Segment 4 Andrew wraps up another edition of the show talking more about President Trump's cabinet meeting from yesterday. Andrew also talks about Pete Hegseth’s progress update on the Panama Canal. Later, Andrew talks about how Hegseth says military recruiting numbers are up. See omnystudio.com/listener for privacy information.
Kennedy—MTV VJ-turned-Fox News host—joins Adam for a spirited conversation about Freedom Fest, libertarian ideals, and the bizarre cultural shift toward embracing government overreach. They swap stories about their early radio days, libertarian values, and how common-sense views have suddenly become controversial. Kennedy also reflects on the loss of personal responsibility in modern America and shares her take on where the country is headed if that trend continues.Later, actress Teri Polo joins to talk about her latest film, “Relative Control”. and why she's happier outside the Hollywood bubble. She shares the story of meeting her Marine partner on a dating app and flying to South Korea for their first date. Teri opens up about her shift away from Hollywood culture, her love for men with discipline and real-world skills, and why the fantasy of the industry no longer holds the same appeal.For more with Kennedy : KENNEDY SAVES THE WORLD PODCAST JUNE 11-14 @ FREEDOM FEST in Palm Springs, CA w/ Adam Carollahttps://freedomfest2025.sched.com/speaker/adam_carolla.27zm5liz?iframe=yes&w=100%&sidebar=no&bg=noTWITTER: @KennedyNation INSTAGRAM: @KennedyNationFor more with Teri Polo : New Movie: "Relative Control" – Premiering on digital platforms April 11, 2025.INSTAGRAM: @theRealTeriPoloThank you for supporting our sponsors:Adam Live ShowsDeleteMe text ADAM to 64000Use code Adam at ShopMando.comForThePeople.com/ADAMoreillyauto.com/ADAMRosettastone.com/ADAMSHOPIFY.COM/carolla See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Joint Base San Antonio (JBSA)-Fort Sam Houston invites the public to The Great Texas Freedom Fest on Saturday, April 12, from 3-9:30 p.m., at JBSA-Fort Sam Houston in San Antonio. Attendees will have the opportunity to experience live music, engaging demonstrations, and interactive activities, all free of charge. Event highlights include: •Live Music — Performances by the Air Force's Band of the West, the 323rd Army Band Fort Sam's Own, and The Spazmatics •Military Demonstrations — Military working dog demonstrations, fitness competitions, and interactive STEM displays •Museum Tours — Explore the history of JBSA-Fort Sam Houston •Food Trucks and Family...Article Link
Big DREAM School - The Art, Science, and Soul of Rocking OUR World Doing Simple Things Each Day
Join Tatiana Moroz, a pioneering folk singer and activist in the Bitcoin space as we discuss the challenges faced by independent artists in making a living through music and explore how Bitcoin can be integrated into revenue streams for creatives. Tatiana shares her journey from growing up in New Jersey with a skeptical view of government to becoming a Bitcoin advocate. She discusses the impact of music on social change and the potential of Bitcoin to empower artists.Tatiana also talks about her involvement with the Free Ross movement, advocating for the release of Ross Ulbricht, the creator of Silk Road. She highlights the injustices of the drug war and the need for systemic change. The conversation touches on the importance of community building, the challenges of the current music industry, and the potential of decentralized platforms to support artists.The episode also explores the personal growth and self-care necessary for activists and artists, emphasizing the need for balance and self-awareness. Tatiana and Valerie discuss the role of music as a tool for social change and the importance of maintaining a connection to higher values and God in turbulent times. They conclude with a call for kindness, love, and peace in the world.It's hard for indie musicians and creatives to make ends meet in the fiat world. Does Bitcoin offer a solution that helps keep musicians in the studio and not flipping hamburgers at McDonalds? Tatiana Moroz is an American folk singer-songwriter and a driving force in the Bitcoin community. Tatiana Moroz unites modern technology & economics with the classic social awareness & influence of songwriters of the 60s and 70s. Her inspiring album “Keep The Faith” was released in 2017. Her latest album “Love Songs for Idiots” was released in March 2023.A graduate of Berklee College of Music, Tatiana Moroz has been a vocal advocate in the Bitcoin community since 2012. Tatiana performs and speaks at Bitcoin and liberty conferences all over the world including SXSW, Nasdaq, National Libertarian Party Convention, Freedom Fest, and Inside Bitcoins. She has appeared on Fox's Stossel, Money, Bitcoin Magazine and many more!
This week on Q&A, Whole Foods co-founder John Mackey and Harvard University psychology professor Steven Pinker discuss their books. John Mackey, author of "The Whole Story," talks about the rise of Whole Foods, the organic foods grocery store chain, and his political and intellectual development. Professor Steven Pinker talks about the role that rationality plays in a functioning society and the growth of irrationality in the United States. These interviews were recorded in Las Vegas at FreedomFest, an annual libertarian conference. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week on Q&A, Whole Foods co-founder John Mackey and Harvard University psychology professor Steven Pinker discuss their books. John Mackey, author of "The Whole Story," talks about the rise of Whole Foods, the organic foods grocery store chain, and his political and intellectual development. Professor Steven Pinker talks about the role that rationality plays in a functioning society and the growth of irrationality in the United States. These interviews were recorded in Las Vegas at FreedomFest, an annual libertarian conference. Learn more about your ad choices. Visit megaphone.fm/adchoices
Anna Schappaugh, chair of the campaign committee for the Boone County Republican Women's Club, sits down with Kendall and Casey to discuss the upcoming Boone County GOP Freedom Fest that will take place this Saturday.See omnystudio.com/listener for privacy information.
Courtenay delivers a speech on propaganda at Freedom Fest hosted by the Tennessee Constitution Grassroots Coalition (https://tcgc1776.org). In this episode Courtenay expounds on the tactics utilized and why we must recognize them to defend ourself against one of the oldest means of brainwashing and mind manipulation otherwise known as propaganda. Listen weekly as Courtenay broadcasts deeper dives into truth, globally via the WWCR airwaves. Catch the Courtenay Turner Show, LIVE every Monday at 3pm CST. Tune in LIVE via Shortwave Radio on 9.350mHz, or via MP3 stream at: https://bit.ly/CourtenayTurnerShow ____________________________________________________________________ ▶ GET On-Demand Access for Courtenay's Cognitive Liberty Conference: https://cognitivelibertyconference.com ▶ Come meet Courtenay LIVE @ ✩ MAGA Fest in New Orleans, LA on October 5 & 6 (Promo: Turner) https://www.magafest24.live ✩ Red Pill Expo in Tulsa, OK on Nov 16 & 17 (Promo Code: COURTZ) https://bit.ly/RedPillExpo ----------------------------------------- ▶ Follow & Connect with Courtenay: https://www.courtenayturner.com ✩ Linktree: https://linktr.ee/courtenayturner ▶ Support my work & Affiliate links: ✩Buy Me A Coffee! https://www.buymeacoffee.com/courtzt ✩GiveSendGo: https://www.givesendgo.com/courtenayturnerpodcast ✩Venmo: https://account.venmo.com/u/Courtenay-Turner ✩Cash App: https://cash.app/$CourtzJT ✩ Gold Gate Capital (Secure Your Wealth!) https://bit.ly/COURTZGoldSilver ✩ SatPhone123 (Claim Your Free Satellite Phone!) https://bit.ly/COURTZ123 Promo Code: COURTZ ✩ Richardson Nutritional Center: (B-17!) https://rncstore.com/courtz ✩ Relax Far Infrared Saunas: (Warm Up!) https://relaxsaunas.com/COURTZ Discount Code: COURTZ ✩Discover The Magic of MagicDichol: https://iwantmyhealthback.com/COURTZ ✩Defy The Grid With Real Currency.....Goldbacks!: https://bit.ly/Courtenay-Turner-Goldbacks Promo Code: COURTZ ✩Honey Colony "Where The Hive Decides What's Healthy": https://bit.ly/HoneyColony-COURTZ Promo Code: COURTZ ✩Full Moon Parasite Protocol: https://bravetv.store/COURTZ Promo Code: COURTZ ▶ Follow Courtenay on Social Media: ✩Twitter: https://twitter.com/KineticCourtz ✩Substack: https://courtenayturner.substack.com ✩TruthSocial: https://truthsocial.com/@CourtenayTurner ✩Instagram: https://instagram.com/kineticcourtz ✩Telegram: https://t.me/courtenayturnerpodcastcommunity ▶ Listen to &/or watch the podcast here! https://linktr.ee/courtenayturner ————————————————— ▶ Disclaimer: this is intended to be inspiration & entertainment. We aim to inform, inspire & empower. Guest opinions/ statements are not a reflection of the host or podcast. Please note these are conversational dialogues. All statements and opinions are not necessarily meant to be taken as fact. Please do your own research. Thanks for watching! ————————————————— ©2024 All Rights Reserved Learn more about your ad choices. Visit megaphone.fm/adchoices
Salomé Sibonex is a writer, artist, and co-founder of The Black Sheep, a publication that frees people to take the path less traveled. She's given talks at FreedomFest and LibertyCon on how creative freedom allows us all to forge our own path—if we dare.The Black SheepIf You Liked This Conversation, You'll Probably Like These Episodes of Where We Go Next:113: Freethinkers Only, Please, with Meghan Daum107: We're Getting “Diversity, Equity, and Inclusion” All Wrong, with Chloé Valdary100: When Victimhood is Leveraged for Personal Gain, with Andrew Boryga44: The Unresolvable Tension of Overlapping Identities, with Tomiwa Owolade39: Black Culture Is Not a Monolith, with Bertrand Cooper38: Curiosity Is a Skill We Can Learn, with Mónica Guzmán36: True Inclusivity Requires Moral Courage, with Irshad Manji12: How Tragedy Can Lead to Growth, with Ayishat Akanbi3: A Challenge to Move Beyond Racialized Identities, with Inaya Folarin Iman2: Expanding What It Means to Be American, with Zaid JilaniFollow Salomé on X: @SalomeSibonexFollow Salomé on Instagram: @SalomeSibonex----------If you liked this episode, consider sharing it with someone you think might like it too.Email: michael@wherewegonext.comInstagram: @wwgnpodcast
Freedom Fest is done for 2024!What an incredible day it was.So many top leaders and 7&8 figure earners collaborating together and delivering some amazing training. Plus we were joined (virtually) by the legends Frazer Brookes and Rob Sperry.And so I wanted to share my top takeaways from their speeches.The golden nuggets that really resonated with me.I hope they help you too.
-Rob summarizes his appearance at WCBM's Freedom Fest in Baltimore this past weekend, the people he met, and presentations made by Carson callers Barbara and Deplorabella. -Lt. Col. Tony Shaffer (Ret.) joins Rob to discuss the Trump assassination attempts and what Congress can do to prevent future attempts. Today's podcast is sponsored by: YOUR AMERICAN FLAG STORE - High quality wooden, hand painted American flags that can be mounted inside or outside your home. Free Shipping with promo code ROB at http://YourAmericanFlagStore.com LIFEWAY MOBILITY: Make walking easier for those loved ones who need help. Call 888-780-7923 or visit http://LifewayMobility.com for your free consultation on wheelchair ramps, home elevators, and bathroom safety products. SURFSHARK VPN - Protect your online identity. Sign up at http://surfshark.com/Newsmax and use promo code NEWSMAX to get 4 months free online protection. DRAFT KINGS SPORTS - Get $250 of bonus bets in your http://DraftKings.com account with promo code NEWSMAX To call in and speak with Rob Carson live on the show, dial 1-800-922-6680 between the hours of 12 Noon and 3:00 pm Eastern Time Monday through Friday…E-mail Rob Carson at : RobCarsonShow@gmail.com Musical parodies provided by Jim Gossett (www.patreon.com/JimGossettComedy) Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media: • Facebook: http://nws.mx/FB • Twitter/X: http://nws.mx/twitter • Instagram: http://nws.mx/IG • YouTube: https://youtube.com/NewsmaxTV • Rumble: https://rumble.com/c/NewsmaxTV • TRUTH Social: https://truthsocial.com/@NEWSMAX • GETTR: https://gettr.com/user/newsmax • Threads: http://threads.net/@NEWSMAX • Telegram: http://t.me/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices
Biologist Colin Wright joins the podcast to explore one of today's most contentious topics: the intersection of biological sex and gender. Drawing on his expertise in animal behavior and evolutionary biology, Colin breaks down key concepts such as biological sex, gender identity, and gender dysphoria. He also examines the shift in societal definitions of what it means to be a man or woman, and how these evolving perspectives fit with long-standing biological principles. This session was presented at FreedomFest 2024. To see more speeches and sessions from FreedomFest, visit freedomfest.com/civl.
Confusion is everywhere in this industry. And so much of it we create ourselves.With lots of the nice catchy sound-bites we say from stage creating confusion instead of clarity...Which brings us to this one: It's not a sprint it's a marathon...But is that really true?Because I think there's a LOT of reasons why it's NOT a marathon. Get your tickets from Freedom Fest at andrewlogan.net/freedom
From the impact of the COVID-19 pandemic to the rise of DEI (Diversity, Equity, and Inclusion) initiatives and Artificial Intelligence, in this episode Steven Pinker, Matt Ridley, and Michael Shermer challenge conventional narratives and explore how we can continue to move forward. They discuss the state of democracy, autocracy, and the lessons learned from historical crises, while offering insights into how innovation, rationality, and education can lead us through challenging times. This session was presented at FreedomFest 2024. To see more speeches and sessions from FreedomFest, visit freedomfest.com/civl.
Jamie Hanshaw returns to the Courtenay Turner Podcast to discuss the red pill movement. Is this latest iteration a psyop? If the anti-feminist movement leading the way to “solutions” that are worse than the problem? The ladies discuss. ▶Follow & Connect with Jamie Hanshaw: ✩ Books: Weird Stuff [Color Edition]: Operation: Culture Creation https://amzn.to/4gqnSYY Weird Stuff ~ Operation: Culture Creation Part 2 https://amzn.to/4gqQrFF Weird Stuff ~ Hollywood Mind Control https://amzn.to/3MFVjt7 ✩ Podcast: https://www.youtube.com/channel/UCOGG3wN0LjqxzdfQ-IaJdGg ✩ Twitter: https://x.com/JamieLHanshaw _____________________________________ ▶ GET On-Demand Access for Courtenay's Cognitive Liberty Conference: https://cognitivelibertyconference.com ▶ Come meet Courtenay LIVE @ ✩ MAGA Fest in New Orleans, LA on Sept 13 & 14 (Promo: Turner) https://www.magafest24.live ✩ Freedom Fest in Knoxville, TN on September 28th https://tcgc1776.org ✩ Red Pill Expo in Tulsa, OK on Nov 16 & 17 (Promo Code: COURTZ) https://bit.ly/RedPillExpo ----------------------------------------- ▶ Follow & Connect with Courtenay: https://www.courtenayturner.com ✩ Linktree: https://linktr.ee/courtenayturner ▶ Support my work & Affiliate links: ✩Buy Me A Coffee! https://www.buymeacoffee.com/courtzt ✩GiveSendGo: https://www.givesendgo.com/courtenayturnerpodcast ✩Venmo: https://account.venmo.com/u/Courtenay-Turner ✩Cash App: https://cash.app/$CourtzJT ✩ Gold Gate Capital (Secure Your Wealth!) https://bit.ly/COURTZGoldSilver ✩ SatPhone123 (Claim Your Free Satellite Phone!) https://bit.ly/COURTZ123 Promo Code: COURTZ ✩ Richardson Nutritional Center: (B-17!) https://rncstore.com/courtz ✩ Relax Far Infrared Saunas: (Warm Up!) https://relaxsaunas.com/COURTZ Discount Code: COURTZ ✩ IronHawk Financial (Become Your Own Bank!) Receive Free Books On How: Send email, subject: "Free Books" and Mention Promo Code "COURTZ" to: Joe@IronHawkFinancial.com ✩Discover The Magic of MagicDichol: https://iwantmyhealthback.com/COURTZ ✩Defy The Grid With Real Currency.....Goldbacks!: https://bit.ly/Courtenay-Turner-Goldbacks Promo Code: COURTZ ✩Honey Colony "Where The Hive Decides What's Healthy": https://bit.ly/HoneyColony-COURTZ Promo Code: COURTZ ✩Full Moon Parasite Protocol: https://bravetv.store/COURTZ Promo Code: COURTZ ▶ Follow Courtenay on Social Media: ✩Twitter: https://twitter.com/KineticCourtz ✩TruthSocial: https://truthsocial.com/@CourtenayTurner ✩Instagram: https://instagram.com/kineticcourtz ✩Telegram: https://t.me/courtenayturnerpodcastcommunity ▶ Listen to &/or watch the podcast here! https://linktr.ee/courtenayturner ▶WATCH: VIP Summit 3: Truth to Freedom with Courtenay Turner https://www.universityofreason.com/a/2147831940/KVR3yvZo ▶ Read some of her articles: https://www.truthmatters.biz ————————————————— ▶ Disclaimer: this is intended to be inspiration & entertainment. We aim to inform, inspire & empower. Guest opinions/ statements are not a reflection of the host or podcast. Please note these are conversational dialogues. All statements and opinions are not necessarily meant to be taken as fact. Please do your own research. Thanks for watching! ————————————————— ©2024 All Rights Reserved Learn more about your ad choices. Visit megaphone.fm/adchoices
Courtenay invites Clint Chavarria aka 'Classic Liberal' onto the show to explore the roots of classical liberalism, American founding, how it differs from leftist ideology and dialectical pantheism. ▶Follow & Connect with Clint Chavarria: ✩ Twitter: https://x.com/ClassicLibera12 _____________________________________ ▶ GET On-Demand Access for Courtenay's Cognitive Liberty Conference: https://cognitivelibertyconference.com ▶ Come meet Courtenay LIVE @ ✩ MAGA Fest in New Orleans, LA on Sept 13 & 14 (Promo: Turner) https://www.magafest24.live ✩ Freedom Fest in Knoxville, TN on September 28th https://tcgc1776.org ✩ Red Pill Expo in Tulsa, OK on Nov 16 & 17 (Promo Code: COURTZ) https://bit.ly/RedPillExpo ----------------------------------------- ▶ Follow & Connect with Courtenay: https://www.courtenayturner.com ✩ Linktree: https://linktr.ee/courtenayturner ▶ Support my work & Affiliate links: ✩Buy Me A Coffee! https://www.buymeacoffee.com/courtzt ✩GiveSendGo: https://www.givesendgo.com/courtenayturnerpodcast ✩Venmo: https://account.venmo.com/u/Courtenay-Turner ✩Cash App: https://cash.app/$CourtzJT ✩ Gold Gate Capital (Secure Your Wealth!) https://bit.ly/COURTZGoldSilver ✩ SatPhone123 (Claim Your Free Satellite Phone!) https://bit.ly/COURTZ123 Promo Code: COURTZ ✩ Richardson Nutritional Center: (B-17!) https://rncstore.com/courtz ✩ Relax Far Infrared Saunas: (Warm Up!) https://relaxsaunas.com/COURTZ Discount Code: COURTZ ✩ IronHawk Financial (Become Your Own Bank!) Receive Free Books On How: Send email, subject: "Free Books" and Mention Promo Code "COURTZ" to: Joe@IronHawkFinancial.com ✩Discover The Magic of MagicDichol: https://iwantmyhealthback.com/COURTZ ✩Defy The Grid With Real Currency.....Goldbacks!: https://bit.ly/Courtenay-Turner-Goldbacks Promo Code: COURTZ ✩Honey Colony "Where The Hive Decides What's Healthy": https://bit.ly/HoneyColony-COURTZ Promo Code: COURTZ ✩Full Moon Parasite Protocol: https://bravetv.store/COURTZ Promo Code: COURTZ ▶ Follow Courtenay on Social Media: ✩Twitter: https://twitter.com/KineticCourtz ✩TruthSocial: https://truthsocial.com/@CourtenayTurner ✩Instagram: https://instagram.com/kineticcourtz ✩Telegram: https://t.me/courtenayturnerpodcastcommunity ▶ Listen to &/or watch the podcast here! https://linktr.ee/courtenayturner ▶WATCH: VIP Summit 3: Truth to Freedom with Courtenay Turner https://www.universityofreason.com/a/2147831940/KVR3yvZo ▶ Read some of her articles: https://www.truthmatters.biz ————————————————— ▶ Disclaimer: this is intended to be inspiration & entertainment. We aim to inform, inspire & empower. Guest opinions/ statements are not a reflection of the host or podcast. Please note these are conversational dialogues. All statements and opinions are not necessarily meant to be taken as fact. Please do your own research. Thanks for watching! ————————————————— ©2024 All Rights Reserved Learn more about your ad choices. Visit megaphone.fm/adchoices
Courtenay invites Jeff Laplante aka 'The Unmitigated Ass' on the show to discuss launching the Correspondence Theory website, his ideas on philosophy, freedom, culture, music and humor. ▶Follow & Connect with Jeff Laplante: ✩ Twitter: https://x.com/UnmitigatedAss ▶Follow & Connect with Correspondence Theory: ✩ Substack: https://correspondencetheory.substack.com ✩ Twitter: https://x.com/corTheory _____________________________________ ▶ GET On-Demand Access for Courtenay's Cognitive Liberty Conference: https://cognitivelibertyconference.com ▶ Come meet Courtenay LIVE @ ✩ MAGA Fest in New Orleans, LA on Sept 13 & 14 (Promo: Turner) https://www.magafest24.live ✩ Freedom Fest in Knoxville, TN on September 28th https://tcgc1776.org ✩ Red Pill Expo in Tulsa, OK on Nov 16 & 17 (Promo Code: COURTZ) https://bit.ly/RedPillExpo ----------------------------------------- ▶ Follow & Connect with Courtenay: https://www.courtenayturner.com ✩ Linktree: https://linktr.ee/courtenayturner ▶ Support my work & Affiliate links: ✩Buy Me A Coffee! https://www.buymeacoffee.com/courtzt ✩GiveSendGo: https://www.givesendgo.com/courtenayturnerpodcast ✩Venmo: https://account.venmo.com/u/Courtenay-Turner ✩Cash App: https://cash.app/$CourtzJT ✩ Gold Gate Capital (Secure Your Wealth!) https://bit.ly/COURTZGoldSilver ✩ SatPhone123 (Claim Your Free Satellite Phone!) https://bit.ly/COURTZ123 Promo Code: COURTZ ✩ Richardson Nutritional Center: (B-17!) https://rncstore.com/courtz ✩ Relax Far Infrared Saunas: (Warm Up!) https://relaxsaunas.com/COURTZ Discount Code: COURTZ ✩ IronHawk Financial (Become Your Own Bank!) Receive Free Books On How: Send email, subject: "Free Books" and Mention Promo Code "COURTZ" to: Joe@IronHawkFinancial.com ✩Discover The Magic of MagicDichol: https://iwantmyhealthback.com/COURTZ ✩Defy The Grid With Real Currency.....Goldbacks!: https://bit.ly/Courtenay-Turner-Goldbacks Promo Code: COURTZ ✩Honey Colony "Where The Hive Decides What's Healthy": https://bit.ly/HoneyColony-COURTZ Promo Code: COURTZ ✩Full Moon Parasite Protocol: https://bravetv.store/COURTZ Promo Code: COURTZ ▶ Follow Courtenay on Social Media: ✩Twitter: https://twitter.com/KineticCourtz ✩TruthSocial: https://truthsocial.com/@CourtenayTurner ✩Instagram: https://instagram.com/kineticcourtz ✩Telegram: https://t.me/courtenayturnerpodcastcommunity ▶ Listen to &/or watch the podcast here! https://linktr.ee/courtenayturner ▶WATCH: VIP Summit 3: Truth to Freedom with Courtenay Turner https://www.universityofreason.com/a/2147831940/KVR3yvZo ▶ Read some of her articles: https://www.truthmatters.biz ————————————————— ▶ Disclaimer: this is intended to be inspiration & entertainment. We aim to inform, inspire & empower. Guest opinions/ statements are not a reflection of the host or podcast. Please note these are conversational dialogues. All statements and opinions are not necessarily meant to be taken as fact. Please do your own research. Thanks for watching! ————————————————— ©2024 All Rights Reserved Learn more about your ad choices. Visit megaphone.fm/adchoices
Bill Radke discusses the week's news with Washington Policy Center's David Boze, and KUOW's Libby Denkman and Dyer Oxley.See omnystudio.com/listener for privacy information.
Independent documentary filmmaker and policy analyst at Reason Foundation, Jen Sidorova, joins us to discuss how rent control impacts tenants, landlords and the housing market. Her latest short film project, “Shabbification: The Story of Rent Control”, reflects how rent control has a direct effect on housing quality. Almost half of rentals in NYC are rent-stabilized. We highlight the challenges faced by small property owners and the potential consequences of these regulations on the housing market. Bathtub in your kitchen, anyone? Yes, you read that correctly. In some cases maintenance has been deferred for so long that units have not been updated to code. Learn about the history of rent control and stabilization laws in New York. Resources mentioned: Show Notes: GetRichEducation.com/515 You can follow Jen on Instagram @jen_sidorova or check out her writing at reason.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I discuss the effect that now lower mortgage rates can have how to get a strong return with private lending. Then, for this week's guest, she is a public policy expert with reason.com maker of a new film called Shabbification that spotlights the perils and even horrors of rent control in New York City, and she's a young Russian immigrant that lives in one unit of a Buffalo fourPlex and rents out the other three today on Get Rich Education. When you want the best real estate and finance info, the modern Internet experience limits your free articles access, and it's replete with paywalls and you've got pop ups and push notifications and cookies disclaimers. Oh, at no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life. See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point to get the letter. It couldn't be more simple text, GRE to 66866, and when you start the free newsletter, you'll also get my one hour fast real estate course, completely free. It's called the Don't quit your Daydream letter, and it wires your mind for wealth. Make sure you read it. Text GRE to 66866, text GRE to 66866. Corey Coates 1:40 you're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. Keith Weinhold 1:56 Welcome to GRE from Ankara,Turkey to Anchorage, Alaska and across 488 nations worldwide. I'm Keith Weinhold, and you're listening to Get Rich Education. Today's guest was one of four panelists at a conference that I attended recently. The panel was named innovative solutions to the housing crisis, and her story struck me as interesting, so I invited her to be on the show today, we'll learn that with rent control in New York City, when landlords cannot go inside their own properties and aren't allowed to sell their own properties, seven states have price ceilings on rents, and I'll tell you here At GRE we avoid investing in these places. Listen closely, California, New York, New Jersey, Maryland, Maine, Oregon, Minnesota and then DC too. Now sometimes rent control isn't too restrictive. For example, you can raise the rent no more than the rate of inflation plus 3% per year, or the rate of inflation plus 5% per year. And also, it's not all parts of those states where it applies. In fact, you typically do not find the policies statewide in those states that I mentioned, although you do in Oregon, it's statewide in Oregon, and there you can still raise the rent 7% plus the rate of inflation each year. And the good news is that 37 states actually have laws against rent control, specifically saying that you cannot enact it. So not only do 37 states not have it, they just wouldn't even allow a law for it. And there is a strong consensus, like I mentioned here on the show before, among economists that rent control, it reduces the quantity and quality of housing. Today, we'll focus on just how dilapidated rental units become under rent stabilization, which is a lot like rent control in New York City. And we'll discuss New York State and Buffalo. And by the way, I find something amazing. I mean, just say you would ask a question of any citizen of the world, no matter where they live, from Indonesia to Japan, to Bangladesh, to Nigeria to the United States. If you would just ask any citizen of the world, what is the capital of the world? I think that the best answer that you could come up with is New York City. I'm in the United States, and there are people right here in this country that have such little understanding of New York City, and what goes on there, and where it even is, it just amazes me. Maybe it's my own bias, because I'm a geography guy, but now, for example, to get from New York City out to Buffalo, that's an almost seven hour drive to the northwest two different parts of New York State. These are two very different places. We'll get into that shortly. But first in the wider real estate world, I did a little research since first mentioning this to you last week here, where mortgage rates have fallen fully one and a half points from the recent high. All right. Well, with every half point drop in mortgage rates, like I learned from First American, that's my source. With every half point drop in mortgage rates, about 1.1 million additional American households can qualify to buy an entry level home that's defined as the bottom 25% priced here. That's the number, and I checked their math. So with a full point drop in mortgage rates, then 2.2 million more American households can qualify to buy an entry level home. So we could very well have more buyers here soon, but yeah, when all these homeowners are still locked into three and 4% mortgage rates, I don't know that you're gonna have that many more sellers. So with demand exceeding supply, look for more upward pressure on home prices, especially higher values for those entry level homes that make the best rentals. Now, I'm talking about borrowing right there. And what happens when rates go down for mortgages, when they go down for borrowing? Well, rates on savings accounts, they typically fall as well. And this is a scenario that a lot of people expect. Now, most of my real estate activity is a borrower. I'm always here touting the virtues of how leverage builds wealth, and I know that I don't want to be a saver. So for my more liquid funds, I am a lender, and I'm reliably paid a stable 8% interest rate. And I think I've told you before that for years now, I make loans to real estate companies, and they use my funds to rehab properties and for other operations. Yes, an 8% return that I'm getting, and it's almost like getting an 8% yield on a savings account, and it's not expected to fall when interest rates fall. Well, the primary difference is that I often have to wait a few months if I want my full principal return, but not years. So it's not as rigid as a bank CD, but it's not as liquid as an old fashioned bank savings account. So the private real estate company that I've long made loans to works pretty diligently to maintain asset value and assure optimal returns. They'll tell you that they've never missed making a payment for their private money lending programs. And I did a little research, and I found that their fund utilization is 99.6% that really means that they deploy almost all of the capital if you want, you can potentially get a high yield at the same place I do. Sometimes you can get more than 8% or less than an 8% return, depending on what liquidity terms you want and what other terms you like. The company is Freedom Family Investments. They are real estate centric. If you want, go right ahead and learn more. You can do that by texting FAMILY to 66866. Remember, you're the lender, they're the borrower. And again, for most investment types, I want to be the borrower, but for liquid funds, and the fact that the rate of inflation is now down, an 8% return has a higher real yield now than it did two years ago and one year ago. And again, I'm happy to share it with you. It's Freedom Family Investments. If you want to learn more, do it now while it's on your mind and text FAMILY to 66866. This week, our guest is a public policy expert that's also involved with a film called Shabbification, the story of rent control. Hey, welcome to GRE Jen Sidorova. Jen Sidorova 9:16 Good to be here. Thank you for having me. Keith Weinhold 9:18 Yeah and congrats. Shabbification screening in a lot of places, like the Anthem Film Festival at Freedom Fest last month and this month in New York City, tell us about the film. Jen Sidorova 9:31 Yeah, so in Shabbification, I follow small property owners like myself who are subject to regulation, and most of them are owners of rent stabilized properties in the city of New York. Right, I follow three specific landlords. I They take me to their homes, they take me to their properties, and they show me around, and you can visually see what regulation has done to their property. Yeah, one of these properties was occupied by a tenant. From 1969 up until 2021 wow. And the landlord was never allowed to be in the property, so obviously no repairs were made. And you could see visually that the apartment was like from the 60s. It's like a museum, but not in a good way, because it's really falling apart, right? So it's like, almost like a Tenement Museum, or, you know, another museum New York City, where we they actually preserve those dates. But in this case, a private landlord actually owns that space, and they're having a difficult time. And so what my specific Shabbification With my film is about is a very specific regulation in New York City that happened in 2019 that applied to rent stabilized properties. What it did that is that it won't allow landlords to put them properties on the market even if they rent stabilized tenant vacates them. They're no longer allowed to put their properties on the market at all. And more than that, they are also not allowed to raise rent, even if they do repairs. So sometimes the cost of repairs in New York City for one bedroom unit can be 200,000 and they're only allowed to raise the rent by like roughly $90 a month, and only for 15 years. So it will take them, like, 200 years to recoup their investment. And obviously that doesn't make any sense, so stories like that is what my short film is about. I myself am a small property owner, so it was very special for me to go and kind of tell the story of people like me. Keith Weinhold 11:36 That's amazing. So rent stabilization something that New York City has a history of. I sort of think of that as a genteel term or rent control. And a lot of times when your rent can't be raised above a certain amount, you get these long term tenants, in some cases, for decades, and in this case, over 50 years, with this particular tenant in New York City and landlords don't have much of any incentive to improve property when rent control is in place, because they know they cannot get a commensurate bump in rent. Speaker 1 12:11 rent control and rent stabilization are a form of government enforced limit on the rents. And in New York we have two laws that govern that we have more but the most prominent ones are the rent control law of 1969 and the Rent Stabilization Act of 1974 so back in the day, there were issues with availability of affordable housing, and the government was trying to fix it, and that fix was supposed to be temporary. It was supposed to eventually run out once the tenants who were currently in place at the time in late 60s and 70s, once they move out, landlords were able to put those properties back on the market. And eventually, that's kind of what was going on up until 2019 when housing stability and Tenant Protection Act made it so that the landlords could no longer put their rent stabilized properties on the market anymore. So essentially, all rent stabilization became permanent in the state of New York, and actually, in the just a couple of weeks after my film, in April of 2024 we had another law. It's called Good Cause Eviction, and that one regulates every landlord or enterprise who owns more than 11 units. So once you own 11 units or more, you're subject to regulation. You can no longer evict your tenant without a good cause. And there's a bunch of other rules that apply, including the limit on how much rent you can raise year to year. So yeah, that's certainly what's going on. That's roughly the landscape all regulation in New York. Keith Weinhold 13:44 Yeah, some of this is really punitive, because if rent control comes into a market, that's one thing sometimes that landlords want to do. They want to sell their property, and in some cases, there's a roadblock against that. You know, Jen, I looked up the definition of Shabbification. I just simply googled the term. Urban Dictionary had one of the first hits, and fortunately, it was a G rated definition there in urban dictionary, it was defined as the opposite of gentrification. So therefore with Shabbification, it's where a neighborhood goes through deterioration and despair. So tell us about some more of those bad cases of deterioration, in despair, in Shabbification. Just how bad does it get? Speaker 1 14:30 Well, one of the properties that we went to was basically from 1910 it was in Chinatown, and we saw was that the bathtub was in the kitchen in that property, oh my gosh. And I believe that was a way for them to do renovations fast and cheap, like 100 years ago. And because that property falls under rent stabilization, and there's obviously limits on how much rent you can charge. So. Landlords of those properties never really make renovations. Sometimes you could see cases like the director of photography, who was in the film, he lives in a rent sabilized property, and in his case, he has a shower unit in his kitchen as well. Instead of a tub, he has a shower unit. And it kind of is, as he described as one of those telephone booths, like, you know, red telephone booths from London, and then kind of just sits in the kitchen, and you obviously cannot really have company or friends visiting or dinner or anything if you have something like that. But those are the setups that we frequently see. Also a lot of things like uneven floors or just, you know, the property, if it's not being taken care of, there might be, like, a hole in the wall, a hole in the ceiling, or the ceiling is falling out. And those are really graphic images. And we do, we do capture them on camera a lot in Shabbification, and that comes from, kind of, my attraction to urban decay. I do enjoy, you know, touring older buildings, or maybe buildings that are preserved as a ruin, maybe like an old prison and or like an old mental asylum. I do do that a lot. It's just a hobby when I travel. So I was always attracted to that esthetic, and that does show in my film as well. I think I love studying the tragedy because I love studying how the hope died, because it's fascinating to me. It's very specific to usually a town or a city, and then just is so telling, and it's such a teaching moment for us as a society to kind of revisit those stories and figure out why did that hope die. And you can see a lot of that in the film. Keith Weinhold 16:41 it's a great way to scratch one's itch for I suppose, seeing real life haunted houses, if you will, in Jen's film Shabbification here. Well, Jen, we've been talking about the conditions of the tenants. Why don't we talk more about how the landlord is portrayed in Shabbification. Speaker 1 17:00 since this is the story, primary of the landlords, not so much on the tenant. You know, normally in this sort of films and these sort of documentaries, the story falls in tenant, because the tenant is the one who is seen as likable and sympathetic person, and that's how, and that's usually a more preferable framing angle. But in my story, my story is a story of a merchant class, or like a more, like a war on the merchant class, the war on landlords. Because in the state of New York, no matter how small or large of a landlord you are, whether you own one unit or 1000 by a lot of people in New York State Legislature as a landlord, you're seen as evil. They think you've done something wrong and you have to be punished. So that's the attitude to a lot of landlords, and although they're not that many small property owners, and sometimes we're not seen as a sympathetic I think this is the story that we need to tell, because some of them are like me. I am an immigrant to this country. Once I got an opportunity, I got my first rental property in Buffalo, New York, and right away, I've been renting out three units and lived in one, and I still do own it. Five years later, I live alongside with my tenants. When I go on vacations, they feed my cat, and when they go travel for work, I do take care of their properties. I water their plants, do things like that. So we do live as a small community, and this is something that a lot of people do in Buffalo, because it's a working class city. It's very hard to be able to afford a single family home. Right away, what you can do is acquire one of these properties, either a two unit, three or four unit, because when you're four units less, then you can do an FHA loan, which I did, and you can put minimum amount down, which I did, and then day one, right away, the income from the tenants was paying off my mortgage, right? That's kind of how I can build generational wealth. But not only that, that's how I can start my journey of home ownership and hopefully building generational wealth in the future, as I've said. And I also have my own passion for buildings, and we did a lot of renovations with my family on that property. So there's a lot of heart and soul in that space. And laws like rent control and Good Cause Eviction, they put a cap on people like me and how much we can grow. Because, as I've mentioned, the Good Cause Eviction in New York, it puts a cap on how far and how big people like me can grow. Because once you have 11 units, that's my cap. Once I have 11 units, I have subject to regulation, and somebody like me cannot afford having a tenant who would just never move out. So yeah, I think these laws, they intended to protect the needy. They intended to protect the families, but they do just the opposite. They. Just limit how much we can grow, and they also just make an environment within our properties very toxic, because tenants now basically have more rights than we do. Keith Weinhold 20:09 Yeah, well, you're really humanizing the plight of the landlord here, Jen with your four Plex over there. For those that aren't familiar with the geography in western New York in Buffalo, sort of the opposite end of the state where New York City is. And, yeah, I mean, landlords are usually portrayed in media is these people that are sort of greedy and bumbling and they won't fix the broken air conditioner. And, you know, it's, it's unusual to me, Jen, that a lot of people tend to resent landlords, whom are often small business owners, but yet they champion other small business owners. And talk about how, you know, small business ownership is the very heart of America. I'm trying to figure out why that is, you know, maybe some tenants that just don't really understand how things work. Just think, well, why should I have to pay this landlord. All I'm doing is sort of renting air or renting space. But you know, one group of tenants that does not seem to resent landlords, Jen, in my experience, that is people that were previously homeowners and are now tenants. They don't seem to resent landlords, and that's probably because that tenant that has experience being a homeowner. They've seen bills for property tax and property insurance and mortgage principal and mortgage interest and maintenance and repairs. I think that's what makes the difference. Jen Sidorova 21:33 Yeah, definitely. It's almost like, you know, when I lived with my parents, I didn't pay attention to the bills, like election bills or water bills or anything. But once you start living on your own, you now see how it gets deducted from your account, and then it changes you, adds you towards consumption, changes right? You now turn off the light when you leave and do just small things like that. And that's a similar psychology that works with people who previously owned their own homes. I think what the dynamic that's happening here with tenants is there's always going to be more tenants than landlords, so tenants have a lot more political power, and we see a lot of that in New York. We have a lot of tenant groups, tenant unions, who are very hold a little, a lot of political power. And it's one side of it, another side of it is that a lot of these policies do benefit large landlords, in a sense that once the small property owner is no longer able to keep up the property and they just foreclose on it, a larger landlord can always pick it up. And for large landlords, these costs of litigating with the tenant, or the cost of fixing a unit, or even the cost of having somebody live without paying for a few months, these are just the costs of running business, whereas for somebody like me, it's a significant chunk of my income, right? So at the moment, I think it's like 25% of my income is coming from the rentals, so it's significant. So I guess what I'm trying to say is, on the other side of political power, I just legislators who do not want to see private rentals. You know, small property owners having rentals and Damn, motivations are something else. It's almost like, if there's one conspiracy theory that I believe in, is that one you know, is that there is a war on the merchant class among some legislators, especially in the state of New York, who really just do not want to see small property owners providing housing to the community, and they would rather see it in in the hands of larger developers, and that's just the nature of how political process works, sometimes. Keith Weinhold 23:45 in the broad business world, large institutional corporations, they're often pro regulation for just the reason you talked about it helps put smaller operators out of business that can't bear the expense of dealing with the regulation. But yeah, your film Shabbification, it helps underscore the fact that rent control, it stifles the free market in the process of price discovery. I mean really that price discoveries, that is the process of supply versus demand, with the referee being the price and finding that right rent amount, and amidst this low housing supply we have, it's just really bad timing for any jurisdiction to enact rent control. Existing landlords stop improving property. Builders stop building new property, and it can make landlords want to sell, like we touched on earlier. But also I'd like to talk about making the other case, the case for rent control. When we come back, we're talking with public policy expert Jan siderova, the maker of a film called shabbatation, where we come back. I'm your host. Keith Weinhold, hey, you can get your mortgage loans at the same place where I get mine at. Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President changley Ridge personally. Start now, while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings if your money isn't making 4% you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work. With minimum risk, your cash generates up to an 8% return with compound interest, year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too, earn 8% hundreds of others are text family, 266, 866, learn more about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text, family 266, 866, Caeli Ridge 26:32 This is Ridge Lending Group's president, Caeli Ridge. Listen to get rich education with Keith Weinhold, and remember, don't quit your Daydream. Keith Weinhold 26:52 Welcome back to Get Rich Education. We're talking with a really interesting guest, Jen Sidorova. She's the maker of a new film called Shabbification. This centers on rent control and dilapidated housing conditions. And Jen, you know, I've talked about here on both this episode and another episode a few weeks ago about the deleterious downstream consequences of rent control. It benefits a small group of people in the short term and ends up with deteriorated neighborhoods in a lot of municipalities, but I like to look at things from the other side. What is the case for rent control? Jen Sidorova 27:27 So I think the the original story behind the rent control in New York City was that in the 70s, it was just really dire situation, kind of what we're going through right now. Right now in New York we have the housing crisis that's the worst in the last 50 years, so basically right around the 70s again. So the current vacancy rate is like 2% and at the same time, we have between 20 to 60,000 rent stabilized rent control units that are vacant because landlords just do not want to put them in more on the market, because talking just in New York City here, yeah, just New York City. And New York City has roughly 1 million of rent stabilized or rent control properties altogether. But yeah, so what is the case for rent control, right? So in my opinion, what is the most problematic saying about rent control or rent stabilization right now, the way the current laws are in New York City is that the property itself is being stabilized or controlled. It's not the person. It doesn't matter how much money you're making. If you're making half a million dollars, you can still live in an apartment that's like 500 $600 a month, right? Keith Weinhold 28:38 You can have your second lavish vacation home out in the Hamptons, and it doesn't matter. Jen Sidorova 28:42 Yeah, you can live in Texas for like, nine months out of a year, and come back to New York City for the summer, and then people do that. That's like, not, I'm not making it up. It's a real thing. People are basically hoarding these rent stabilized rent control units, and they just never let them go. And that definitely pushes out young people out of the city. It pushes immigrants out of the city, because people, yeah, all the newcomers. So that's what's going on. So instead of having a property itself being controlled, what could be done? Maybe like a voucher program, maybe like a housing voucher program, but we can only do this if we let the rent control and rent stabilization laws sunset. So once the current tenants move out, that has to be put back on the market, right? So what we could do is the housing voucher program maybe, so that we will always have people in the society that need a little bit of help, but it shouldn't be in such a way that they it's the landlord who is paying for it, right? So if there's a housing voucher, they can live wherever and however that program works in the sense that whoever picks up the rest of the bill, as long as it's not a landlord directly. Yeah, so that's how I see it. And I think just other things that can be done is better zoning regulation that allow more buildings to be built a lot of New York City. Is like a museum, right? We have a lot of historic buildings, a lot of preservation of all the buildings, but we have to reevaluate that, because we don't necessarily have to have the East Village look like a museum if we don't have enough housing, right? So we have to reassess of how much of those policies we still want to hold on to, and then maybe also building codes. Sometimes it's really hard to expand or have more units within the same building. If I have a four unit property and I want to convert it into five units, I am subject to whole different regulation and a whole different bunch of coding, whereas my square footage remains the same. So I think we have to revisit that, because a lot of these new materials that we work with when building are safe right now. So maybe we could let people do more with their properties, and that way we provide more house. Keith Weinhold 30:50 Yeah. Well, some of this comes down to, how do you get politicians to say no to rent control, which I believe is part of the motivation of your film? Jen Sidorova 31:01 Right, So the motivation behind myself was that I bought my property in 2019 I went under contract in 2019 and I fully acquired the rights in March of 2020 and between the August of 2019 and 2020 we had a new law passed that was housing stability and Tenant Protection Act 2019 in New York State, and that kind of put a cap on how much I can raise the rent if the tenant remains the same. And at the time when I found that out, I was like, well, that's kind of quirky, but whatever, what can I do? But then a year from that, like in 2021 we had a new mayoral candidate who was a socialist, openly socialist person, and they were advocating for rent control. And at the time, I had an opportunity to go to do a film workshop, and I was thinking, so what is that I really wanted to write film about? And I was this, definitely rent control, because it's relevant for me. It's the story of my people among small property owners, and that's how I did it. And I really want policy action. The idea behind this film, the goal is policy change, right? But this short film is only the beginning of my project, which is exploration of the topic prevent control in the state of New York and everywhere else in the country, and we keep interviewing more people, more experts, and to convert into a larger film, and then hopefully, like a full feature documentary, in order to educate both policymakers and the public about what rent control can do. And eventually, we do hope for policy change in New York, and hopefully, with this film, no more new rent control can happen, or at least when politicians start those bills, they take a look and talk to me and make some changes. Keith Weinhold 32:52 Well, you're really doing some good work there. I appreciate that. I mean, rent control is analogous to price controls, and we see what happens when there's price controls per se foods like you've seen in other nations in previous decades, and that's how you end up with bread lines, because producers don't want to produce bread when they would have to take a loss and they can't profit on selling that bread. You see a shortage of housing come up just the same, like you do with bread. Well, tell us some more about Buffalo and its market. You had touched on it previously. I think they have lots of older two to four unit buildings there. It sounds like you found one of the four plexes where you could do the owner occupied thing. FHA, three and a half percent down 12 month owner occupancy period. Minimum credit score only needs to be 580 at last check, which is the same way I began with the four Plex building. But yeah, let's learn more about the buffalo housing market. Just a little bit there with rental properties and then the rising tide against Airbnb, like you touched on last month when we met in person. Jen Sidorova 33:56 Right, so a lot of those properties, a lot of those older homes, were built around the late 1800s beginning or 1900 and that's how they used to build back in the day. Because what would happen is that a large Victorian home with two primarily stories, with two large floors and then maybe an attic and a basement, but one family would live on one floor and another on the second floor. So they were originally built for two homes, but at that time, both families would own that space, right? So there would be co owned by two families. Mine was also an originally a two family home that was converted into a four unit because the previous owners made an addition a lot of young families, that's how they start when they cannot afford a single family home. That's how they start with home ownership and the money that they make for with the rentals. That's how they pay mortgage partially, or maybe that's how they pay the taxes, depending on where you live in the city, sometimes tax burden can alone be very high. So as I've mentioned, we had some mayoral candidates talking about rent control, but recently we started having Airbnbs being regulated in Buffalo. And so there's a few districts in the city where Airbnb is regulated, and my district does not fall into that, and I actually am on four of my units. One is occupied by me. Two are long term tenants, and one which is the newest and the nicest one. I decided to make Airbnb interesting because I did not want to risk, you know, giving it to a long term tenant, because it's just such a nice unit. It's a lot of investment that went in there, so I didn't want it to be provided by somebody who would never leave, because the, you know, environment is just so toxic. You just don't want to take chances, unless you like, really believe in the time. But I don't know people are out here. So I decided to keep it Airbnb. And so because some of the other parts of the city are regulated, and mine is not. I am the beneficiary of that regulation because I get a lot, all of those clients, right, all those Airbnb client so in that sense, funny enough, I am benefiting from some parts of the city being regulated because my my part is not. So all the clients go to me. I do have an Airbnb right now, but we're definitely at the risk of all of the city being regulated. And I think a lot of people complain, right? People who lived in the city for a long time, allegedly, they started complaining to the city council about not recognizing their neighborhood because of Airbnb. But I think what legislators need to understand is that my generation, millennials and Gen Z. That's how we live our lives. We share our assets, right? It's like a big millennial and Gen Z thing that the Airbnb itself is a millennial thing, that this is just will be recognized, that assets like cars and houses, they can be shared, you don't have to have that many of them, even from the unit in the unit that I live in. When I I went out on a trip to Long Island last week, and I airbnbied my own unit. And so that's just how it is. That's just a little lifestyle. And when I see new people who stay in Airbnb on my street, it doesn't bother me. I kind of enjoy a little bit of a variety. But, you know, sometimes it's almost like a culture clash or a generational shift when it comes to thinking about properties and housing ownership. Yeah, that's just my experience. Keith Weinhold 37:33 Younger generations embrace the sharing economy, and that is quite the mixed use building that you have there with your four Plex in Buffalo, you've got one unit that's a primary residence, a second unit that's a short term rental, and then two long term rental units. There's some diversification of income and utility, for sure. Well, Jen, tell us more about how our audience can connect with you, and especially how they can watch Shabbification. Jen Sidorova 38:00 So Shabbification, right now is in the film festival circuit, so it's not available to watch yet. Although, if anyone reaches out directly to me through Instagram, my handle is @Jen_Sidorova, which is my first underscore, my last name, anyone can just reach out directly to me and I will send them a screener, and they can watch the full film. And also on my Instagram page, I do put a lot of like other content about buildings, and a lot of like videos so and some, you know, B roll footage that we haven't used in the film, but you can watch it in my Instagram. So yeah, definitely check it out. I also do write for Reason Foundation, and you can find it on my profile, my policy writing work. You can find it at reason.com and it's just under my name, pretty much Instagram and reason website. Keith Weinhold 38:51 Jen, thanks so much for your Shabbification project. I really think it's going to help people see an important part of American society in a different light. It's been great having you here on the show. Jen Sidorova 39:02 Thank you so much. Keith Weinhold 39:09 I talked to Jen some more outside of our interview. Her buffalo four Plex has a high flying 1.04% rent to price ratio. I crunched it out that is super strong for a four unit building, but it is older, and like she said in the interview, she did make some substantial renovation to it, yeah, rent control is a bad plan. You know, on an episode a few weeks ago, I mentioned to you about last month's White House proposal for a sort of rent control light, that was such a bad plan. I told you that it only applies to property owners of 50 plus units, and rent increases were capped at 5% a year. Well, I dug into that release from the White House briefing room, and it's almost like they know it won't work, because. Oh my gosh, this is almost humorous. Economists and any long term thinkers will tell you that rent control doesn't work because you won't get any new builds. Well, the White House release Wood said it won't apply to new builds. It's almost like someone told them, like, hey, this won't work for that reason. So then they wrote that sentence in there, which just undermines so much of it. And economists will also tell you that what doesn't work because owners don't want to improve property well, yet, the White House release actually said it would not apply to substantially renovated property. I mean, my gosh, with these carve outs and all the other caveats that are in it that I described a few weeks ago, this White House rent control planet has no shot of going anywhere. It is lip service virtue signaling, and also would not get past a divided Congress. Really bad plan. In fact, how doomed to failure is wide scale rent control. Well, don't worry, the federal government hasn't regulated rent on private buildings since World War Two. Yeah, it's been 80 years, and it took World War Two scale conditions to bring it. Thanks again to today's guest, Jen Sidorova, with reason.com. Again, like I mentioned earlier, if you want to deploy some of your more liquid funds for a potential 8% return at the same place where I've been getting an 8% return for years, you can make a loan to a long standing real estate company for their property rehabs and other operations. This might really help you out. You can learn more by texting FAMILY to 66866, lots of great shows coming up here at GRE to actionably build your Real Estate Wealth until next week, I'm your host. Keith Weinhold, don't quit your daydream. Unknown Speaker 41:53 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 42:21 The preceding program was brought to you by your home for wealth building, GetRichEducation.com
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Freedom … It's the foundation of wealth creation and a key driver of entrepreneurship. As investors, it's especially important to understand the issues that could impact our economic freedoms. This focus is central to many discussions at FreedomFest, “The World's Largest Gathering of Free Minds.” In this second episode recorded live from the event, we delve into the essence of freedom and liberty through candid conversations with some of the most influential speakers. Tune in to gain insights into the major challenges facing these principles today and learn about the ongoing efforts to protect freedom amidst the influences of media, technology, policy shifts, and social and economic pressures. Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.
Research Director for California YIMBY, professional city planner and author of Arbitrary Lines, Nolan Gray, joins us to discuss how zoning impacts our communities, affordability of retail and commercial real estate. Zoning laws contributing to the affordable housing crisis and what we can do about it. Shifting from NIMBY to YIMBY mindset requires understanding benefits of growth. How zoning laws prevent new development, causing housing shortages and limiting entrepreneurship. California's statewide legalization of accessory dwelling units can be seen as a successful zoning reform example. We discuss how cities like Austin and Minneapolis have seen price stabilization by allowing for more mid-rise multi-family housing near transit and job-rich areas. Learn how to connect with local policymakers and planners to advocate for policy changes that encourage more housing supply. Resources mentioned: Show Notes: GetRichEducation.com/514 You can follow Nolan on X @mnolangray For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 00:00 Welcome to GRE. I'm your host. Keith Weinhold, if you don't take the right action, inflation will make you poorer. Then the affordable housing crisis keeps your tenant as your tenant is zoning. What's ruining American cities in keeping starter homes unaffordable or just plain extinct in some areas, how do we get more apartments and more density built today on Get Rich Education. When you want the best real estate and finance info, the modern Internet experience limits your free articles access, and it's replete with paywalls and you've got pop ups and push notifications and cookies disclaimers. Ugh. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life. See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point to get the letter. It couldn't be more simple text, GRE to 66866, and when you start the free newsletter, you'll also get my one hour fast real estate course, completely free. It's called the Don't Quit Your Daydream Letter, and it wires your mind for wealth. Make sure you read it. Text GRE to 66866, text GRE to 66866. Corey Coates 01:38 You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. Keith Weinhold 01:54 Welcome to GRE from Calgary, Alberta to Tirana Albania and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. When most investors think about inflation, they get it mostly wrong. Their strategy is inflation hedging. And you know, even if you successfully hedge inflation, you are really missing out. You've really got to get fired up about beating inflation. When did you get your first job? Like your first real job in your life? Let's say you did that when you were age 18. Well, that work that you did when you were 18, that created value for somebody else. And you could have done anything with your valuable youth, but instead, you chose to provide value by focusing your time and your energy to sweep floors or enter data into a spreadsheet for somebody else. You were paid for that work that you did. You were paid in dollars, well, if you just tried to store your finite energy that you expended for that employer into dollars, you will lose. Your value will be coerced away from you by your government that just incessantly and relentlessly debases the dollar that you earned at age 18, because they just keep printing more of them. Well, that money printer, which creates the inflation is then an extraction of your resources. Yeah, they extracted your resources, of your time, energy and ingenuity away from you when you were 18, and even the work that you do today, its value will get extracted away from you too. If you say, store dollars under your mattress, if you instead invest it so that its growth rate keeps up with inflation, well, then all you've done is hedge inflation. My point is, get upset about how the system extracts resources from you. And my other point is, don't hedge. Hedge just means that you're treading water. Position yourself to win instead, because you can when you buy income producing property with a loan, you don't just hedge against the inflation. You win three ways at the same time. You probably know that's called the inflation Triple Crown, a concept that I coined. You can watch the three part video series on net, free. It's now easier than ever to access, learn how to actually profit from inflation, not just hedge yourself against it. You can watch that, and it's friction free. There's no email address to leave or anything. Simply watch learn and maybe even be amazed at how you can do this. Those three videos are available. At getricheducation.com/inflationtriplecrown, that's sort of long, so you can also get there with getricheducation.com/itc. Again, that's getricheducation.com/itc. Before we talk with our guests about how zoning is making the affordable housing crisis, even worse, housing values and rents are really looking stable in today's environment. CoreLogic tells us that single family rents are up 3.2% annually. That's the highest rate in a year. And when it comes to prices, the NAR tells us that existing single family home prices hit a record high of $426,900 and that is an all time high. And note that that's existing homes, not new. So median existing homes are basically 427k now. And what does that really mean? Well, that is up 4.1% year over year, the real estate market continues to be it's sort of this tale of the equity rich versus the affordability challenged. Are you equity rich or are you affordability challenged? Well, the more property that you own, the more equity rich you are feeling, that you're going to feel, and oftentimes you're renting out property to the affordably challenged. Of course, the big buzz and a potential really turning point in the economy here or not, it really began about 10 days ago. That's when America reported weak jobs numbers, and that set the unemployment rate from 4.1% up to 4.3%. Citigroup and JP Morgan are now predicting half point Fed rate cuts in both September and November, not just quarter point cuts anymore. I mean, gosh, if there's one thing that we really know, it's that nobody really knows anything. Starting about two years ago, everyone thought a recession was eminent. Bloomberg even said there was a 100% chance that we'd have one by last year. Wrong, wrong, wrong. Everyone thought there would be six or seven Fed rate cuts this year. Wrong, wrong, wrong. You can't even completely count out of rate cut at the next meeting. I mean, sheesh, before that time, we still have two new CPI reports to come out and another jobs report. So, you know, over the long term, this is just how people act. They tend to get ahead of themselves and overreact, and that's really more of a stock market investor sort of thing. And yeah, despite the volatility, you know, us real estate investors are here more chill than Snoop Dogg was at the Olympics. All this fear, what it does is it pushes money into bonds. And when money goes into bonds, it makes mortgage rates go down, and they recently hit 16 month lows near 6.4% and if rates stay low, millions of additional Americans will be able to qualify to buy property that couldn't before, and that could really put more upward pressure on property prices, more than this 4.1% year over year appreciation that we're currently seeing. We know that lots of investors are buying properties like you, getting equity rich and serving the affordability challenge. In fact, 60% of Home Builders indicated that they sold homes to investors from February through April, while 40% reported that they didn't sell to investors. And investors now represent wholly 25% of both new and resale residential transactions and among builders that sold to investors in the past 90 days, 69% of them sold to mom and pop investors. Mom and pop investors, they're loosely defined as those that own one to 10 rental units. They may very well be you. Institutional investors, those that own 10 plus investment properties in this home builders definition here. Well, those institutional investors, they accounted for just 4% of investor sales nationally. So again, more home builders are selling to small real estate investors, those that own one to 10 units. Well, now in almost 10 years of doing the show here, we've never had a full discussion about zoning, and really this is the time. Okay, this ends today because we describe how it's contributing to the affordable housing crisis and what we can do about it. I mean, anymore you really can't find a brand new build 250k starter home anymore, unless maybe it's a tiny home, which then really isn't a full home, and you sacrifice your lifestyle. Well, zoning is a big reason why the Supreme Court decision that deemed zoning constitutional that occurred in 1926. Yes, that's going to turn 100 in the year 2026 that Supreme Court decision that infamously referred to apartments as parasites. Wow. But yet is some zoning good? I mean, say that you and your family have your nice, quiet, single family home on an idyllic half acre lot. Well, if that's the case, should it be allowed that Bitcoin mining facility with its loud cooling fans is built right next to you I'll ask our guest expert about that, and what about say less offensive transgressions, like a condo board that says that you can't rent your unit out. How much zoning is too much or too little? I mean, is someone just being overly sensitive if a duplex is built next to their single family home and they complain about that? So we'll get into all of that. And it really comes down to limiting this McMansionization risk type of nimbyism, not in my backyardism. That's what it is. Again, you can watch the three free videos on how you can substantially and actionably profit from inflation, not hedge, but profit from inflation. It's the inflation triple crown. Be sure to check out those three videos at getricheducation.com/itc. I learned about this week's guest through reason.com we met in person at last month's Freedom Fest in Las Vegas. He is the research director for California Yimby, yes. Yimby, not NIMBY, that is yes in my backyard. And he's a professional city planner. He's the author of the book Arbitrary Lines, how zoning broke the American city and how to fix it. Welcome to GRE. Nolan Gray, Nolan Gray 12:24 thanks so much, Keith. It's a pleasure to be with you, Nolan, Keith Weinhold 12:26 you wrote one article for reason.com with such an interesting title, five words, Abolish Zoning-All of it, you're pretty emphatic there at what you'd like to have happen before we discuss that, why don't you tell us in your words what zoning is? Nolan Gray 12:44 So for the past 100 years, America's cities have been running a grand experiment and how they're governed. Essentially, what we've done, beginning in the 1920s is we said for every single parcel in the city, we're going to assign an allowed use. So most people, if you've played Sim City, you know this might be residential, commercial, industrial, but it goes into so much more detail than that. Different types of residential might be allowed in different parts of the city, commercial, etc, and the vast majority of most American cities, the only form of residential that's allowed is a detached, single family home, right? So that's one half of it, the second half of what zoning is doing, it's placing arbitrary density limits. So the amount of actual housing or amount of floor area that you can build on any particular lot. And it's important to distinguish this from other forms of land use regulation, because in many cases, these rules aren't actually based on any health or safety concerns, but instead a sort of social project of engineering what a correct city should look like. And as I argue in the book and we can discuss over the course of this conversation, is I argue that these rules have actually had incredible harms for our cities and are at the root of our current housing affordability crisis. Keith Weinhold 13:45 I think zoning initially, it began in New York City about 100 years ago. Nolan Gray 13:50 Yeah, so New York City adopted one of the first modern zoning ordinances in 1916 a handful of other cities did so as well. So I'm coming to you from California, Berkeley, California also adopted zoning in this year. And essentially, what happened after New York City adopted it was the federal government put together what's called the standard zoning Enabling Act. They mailed that out to every single state in the country and started putting a lot of pressure on states to adopt zoning and allow local governments to adopt zoning. And then, with the rise of the Federal financial system, as part of the New Deal, housing programs. In many cases, local governments were required or strongly, strongly incentivized to adopt the zoning codes to be eligible for certain federal benefits. Keith Weinhold 14:29 You know, maybe philosophically, one might think, Nolan, well, America stands for freedom, and I should get to do what I want with my plot of land. But if everyone can do whatever they want with their plot of land. I mean, does that mean that my neighbor then could start a sloppy hog farm, or the neighbor on the other side of me could start a battery factory with smoke stacks? So do those sort of things help make the case for zoning? Nolan Gray 14:57 Yeah, that's a great question, you know. So before the rise of zoning. And we actually had a lot of rules for these classic nuisances, these classic externalities, things like smoke, smells, noise, or even just lots and lots of traffic generation. We had rules to say, Hey, if you want to operate certain types of uses, you need to be in a certain designated area where we're going to tolerate a much higher level of externalities. Zoning does that, but it also does so much more. And it's those other aspects that I think are ill conceived. So for example, of course, we don't want a slaughterhouse next to a single family home, but zoning might also say, Oh, by the way, you're not allowed to have a duplex next to a single family home. You're not allowed to start a home based business. You're not allowed to operate certain commercial uses out of certain strip malls in certain parts of the city. You're not allowed to build anything unless you have a certain amount of number of off street number of off street parking spaces, which can make adaptive reuse of historic properties very difficult. So I think absolutely there's a core of land use regulation that makes sense, that's focused on neighbors, not imposing costs on each other, but our current system goes so much further than that, in many ways, imposes new and unconceived costs, including increasing housing prices, limiting housing options in many of our neighborhoods, making it harder to start a business or to have neighborhoods serving retail in many of our neighborhoods. Keith Weinhold 16:09 So perhaps zoning has just simply gone too far, and you touched on it earlier. It seems to me that about three quarters of the area of most cities have zoning restricted only to single family home building, for example, and they ban apartments completely. So maybe, as we try to find the right balance of how much zoning is right, tell us more about really the thesis of your book and why we should ban zoning completely. Nolan Gray 16:38 Of course, we need certain regulations for externalities and nuisances, and to certain extent that can be resolved through litigation, but ideally you look for it and you say, okay, look, there are certain areas where we're going to tolerate certain nuisances and other places where we will not. But beyond that, I think so much of what our land use regulations do is actually causing harm. It's preventing property owners from using their property in ways that are not in any meaningful sense, harmful to their neighbors. It's created this context where now if you want to build just about anything in the typical American city, you have to go through multiple public hearings, you have to do an environmental report in some states, you have to get the permission of local elected officials, you have to undertake all these actions that heavily politicize every new development. And so what we get is so many of our neighborhoods and so many of our cities are locked in amber. And this is partly why, over the last few years, where we've seen a huge amount of demand flow into housing, we've simply had these extreme shortages because markets could not respond with the supply that many of our communities needed. So for example, a starter home in many US cities today might be a townhouse, it might be a two bedroom condo, it might be a single family home on a 2500 square foot lot, but those are precisely the forms of housing that in many cases, our zoning codes make illegal to build. So we're essentially saying if you can't afford at least a certain level of housing, you're not allowed to live in many parts of the community, if in the community altogether, or the same with businesses, if you want to start a small business that might not necessarily have any impact on your neighbors, you might require a special permit. You might require a hearing. You might require to attend a hearing where your competitors are going to show up and oppose your project, purely on a cynical basis. So what it's done is it's created this incredibly disruptive system that's prevented our cities from being entrepreneurial and adaptive, and I think this is the root of a lot of the problems that we're facing today. Keith Weinhold 18:17 Oh, you really surface some good points there Nolan, when I think of over zoning, and we talk about how a lot of times you can't build anything more than a single family home, that certainly creates a lot of problems. Gentrification is sort of a bad word, kind of sprucing up community so much, raising the value so much, that one problem is that familial bonds decay when children that grew up in, say, Southern California, can no longer afford to live there, so they have to move to lower cost Las Vegas, a four to five hour drive away. Excessive gentrification. You touch that, it also harms mobility. If you want to move from Atlanta to Boston for a tech job but you can't find housing, you're not going to move there, so therefore, talent doesn't get matched up with opportunity. Nolan Gray 19:07 That's exactly right. I mean, this is a at the national scale. This is an important piece of the puzzle, which is we've made it hardest to actually move to some of our most productive places. So as you mentioned, places like Los Angeles, San Francisco, Boston, New York City, for all their problems, these are incredibly productive places where folks can move to and get high paying jobs and other good educational opportunities, but in many cases, these are the most expensive cities in our country, and it's in no small part because of the many rules and regulations that make it so hard to build housing in those contexts. So you're exactly right. Folks actually turn down higher paying jobs or better opportunities and move to places simply because the housing is more affordable, and you pick up on a really important piece of this, which is in many cases, this is breaking apart families. So a lot of folks who are born and raised in a place like California, their parents might have been able to buy their home in the 70s or 80s or 90s, but they can't afford a home. They have no long term path to actually staying in the community. And so what you're actually seeing is neighborhoods and communities being ripped apart. If the situation in places like California has actually got to be so bad that many of the people who are in a certain sense, beneficiaries of the status quo, maybe they own their home and they're seeing the value go up and up and up. They're also saying, Oh, my children can't afford to live near me. I don't ever get to see my grandkids. The person who serves me at the hospital or at the supermarket can't afford to live here, and we're having trouble keeping folks on. The crisis got to be so bad in certain places like California that we're starting to see tremors of reform. But one of the things I like to say is, if you want to fall into a California style housing crisis, most parts of the country don't need to do anything the rules you have on the books have you moving in that trajectory, right? But if you want to remain a place where we can build more housing, where folks can buy their own home or buy small apartment buildings and start to build wealth, you have to allow for more supply to come online. Keith Weinhold 20:42 Sure, zoning so that you can't build anything other than single family homes compounds the affordability crisis. There really just isn't any such thing as a 250k starter home anymore, anywhere. You represent California, yimby and you live there in the state where people think of ground zero for excessive regulation and taxation and zoning too. I do read more about some zoning being relaxed in California, allowing for the building of an adu on a property, for example, to help build the density. But before you talk about some of the cracks that are actually starting to help break this down. Can you give any bad examples that are especially problematic there in your home state, Nolan? Nolan Gray 21:27 For the past 50 or 60 years, California, has been stuck under a NIMBY paradigm, not in my backyard, right? Every single new project is politically contentious, has to undertake an environmental report, has to undergo multiple public reviews, it takes years and years to get a permit, and that's if the housing is legal to build at all. As you know, in so many parts of California, there's very little to no new construction happening, and that's because of the rules on the books that make it so hard to build. To the extent that we allow new housing to be built, we have a whole bunch of mandates that force the housing to be a lot more expensive, and even if all that pencils again, it can take two years to get fully entitled in a permit. And so of course, the only housing that actually ends up getting built is quite expensive. And some folks say, Well, if we allow new housing to be built in California, it's all expensive. Well, yes, if you only allow a trickle of new housing in a very expensive context, of course the new housing is going to be expensive. But if you look to places like Texas and Florida, for example, that build lots and lots of new housing and don't have all of these costly mandates, they actually can build a lot of new housing, and actually can keep prices relatively under control and create that new supply of what we call missing middle, low rise housing. So as you mentioned, the tide, I think, is turning in California. The silver lining of things getting so bad is that the culture is shifting. And what we've seen is the emergence of this new yimby movement, or yes, in my backyard. And these are folks are saying, hey, not only is not building more, not this horrible threat to my community, but it's actually this enriching opportunity. It's good to have a growing, healthy, affordable community where folks are building, folks are able to move to high opportunity jobs, and folks are able to have choice in the neighborhood they live in. Keith Weinhold 22:55 We're talking about zoning and how that's made the affordable housing crisis worse in the United States with California, yimbys, Nolan, gray Nolan. Tell us more about just the exact sorts of codes that are problematic. We touched on apartment building bans, but I think we're also looking at things like off street parking requirements. You need to have so many off street parking spaces before you can build. Otherwise you can't build. You need to have a minimum lot size of a half acre or a quarter acre in order to build here. So can you talk more specifically about just some of those exact problems on the tactical level that are compounding here? Nolan Gray 23:34 Yeah, that's exactly right. So where are the housings illegal to build altogether. In many cases, there are a whole bunch of rules that increase the price of that housing. So in urban context, for example, where you might want to be building apartments, many cases, you might have parking requirements that say, Well, you have to have two parking spaces per unit or one parking space per bedroom. In many cases, that's what consumers might demand, and you would have to build that to lease out those units or to sell those condos. But if you're building in a context where you might be near a transit line, or you might be near a university campus, or you might be near a major job center, many of your renters might say, hey, actually, I would prefer to have a more affordable rental or a more affordable condo, because we know that there's no such thing as free parking. You know, if it requires a structure or excavation work, parking can easily add $50,000 to the price of a new unit, and so some consumers might want to pay for that, eat that cost, have a parking space. But many consumers, when we relax these rules and say, Hey, developers, you have the incentives and the local knowledge needed to decide how much parking to build. In many cases, we find that they share parking with other uses, so commercial during the day and residential at night, or they allow renters to opt into parking and to pay for parking, but what you get for many households is a cheaper unit. Now another rule that you mentioned, which is very important, is minimum loss size rules. This is certainly a lot more relevant. More relevant and suburban and rural context. But what we say is, if you want to be able to have a single family home, you have to be able to afford at least a certain amount of land. Now, when if you have a context where you don't have water and sewer installed, and you're operating on septic and well water, you do need larger lots as a matter of public health, but in most suburban context, these rules essentially serve no function except to increase the price of housing and the ability to determine what type of housing can be built where is the ability to determine who gets to live where. So if we say, well, you're not allowed to live in this neighborhood unless you can afford a 10,000 square foot lot or a 20,000 square foot lot, what we're essentially doing in 2024 where land is a major factor in affordability, is we're saying that a whole bunch of middle working class households are not allowed to live in these neighborhoods, or they're not allowed to ever become homeowners and start building wealth in the same way that past generations did. And you look at places like Houston, for example, where they don't have zoning, but they have a lot of zoning-like rules. In 1998 they reduced their minimum lot sizes from 5000 square feet citywide to 1400 square feet citywide. And what this did was this kicked off a townhouse and small lot single family home building boom that has helped to keep cities like Houston affordable a whole new supply of starter homes that again, offered that first step on the ladder of home ownership and wealth building. Keith Weinhold 25:52 Over the decades, home prices have outpaced incomes. There are a few reasons for that. One of them is inflation, with wages not keeping up with the real rate of inflation, but the other are barriers to development. We're talking more about that with Nolan gray. When we come back, you're listening to Get Rich Education. I'm your host, Keith Weinhold. Hey, you can get your mortgage loans at the same place where I get mine at Ridge Lending Group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at ridgelendinggroup.com. That's RidgeLendingGroup.com. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4% you're losing your hard earned cash to inflation, let the Liquidity Fund help you put your money to work with minimum risk, your cash generates up to an 8% return with compound interest, year in and year out. Instead of earning less than 1% sitting in your bank account. The minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too. Earn 8% hundreds of others are text FAMILY to 66866, learn more about Freedom Family Investments, Liquidity Fund, on your journey to financial freedom through passive income. Text, FAMILY to 66866. Robert Kiyosaki 27:50 This is our Rich Dad, Poor Dad author, Robert Kiyosaki. Listen to Get Rich Education with Keith Weinhold, and the reason I respect Keith, he's a very strong, smart, bright young man. Keith Weinhold 28:14 Welcome back to Get Rich Education . We're talking with California, yimbys Nolan gray about zoning and how these barriers to development are compounding the affordable housing crisis, and there sure are a number of barriers to multi family production. I really think that's what wild it comes down to. You touched on it earlier, and it's something that I spoke about with our audience a month or two ago. Nolan, and that is, mmm, multi families, missing middle these two to four unit properties, duplexes to fourplexes, where they're only constructing about 40% as many of those here in recent years than they did 20 to 30 years ago. The way I think of it is when you lift barriers to multifamily production, of course, you incentivize builders. If a developer buys an acre of land for, say, $90,000 and they had planned to build one unit on that All right? Well, there's one set of inputs in income that a developer can look at. But instead, if you allow them to go from building one unit on this plot of land to two units on it, it increases their profit potential, and it incentivizes developers from that side as well. Nolan Gray 29:23 Yeah, absolutely. I mean, so there's been some great work by some friends over at the American Enterprise Institute. What they've done is they've created a nationwide map of mcmassionization risk. So when we have these conversations, we say, hey, let's allow for a range of housing typologies in more neighborhoods, duplexes, triplexes, small, low rise, multi family buildings, townhouses, the types of things that were commonly built in a range of neighborhoods before the rise of zoning. Every city in America has a neighborhood like this. That's a mixture of housing typologies. It would be illegal to build that today, but in many cases, we subject it to preservation requirements because we value it so much that we want to keep it. In any case, what happens when you don't allow that type of gradual incremental infill that keeps our communities affordable. What you get instead is the existing single family homes are converted into much larger, much more expensive single family homes. Now, again, there's nothing wrong with that. Many people might want to buy a smaller 19 fizzies bungalow and turn it into a much larger, 2500 square foot single family home, and God bless them if they want to do it. But what we have is rules on the books that say housing can only get more expensive, it can never get more affordable, or you can never unlock the wealth that's tied up in your land by building an adu or by building a duplex, or by creating more housing options for a range of households. And so that's really, really key. You know, the choice is not between, do we want our communities to change or not? The question is, do we want our communities to remain affordable and maybe change and have some more buildings built and more growth and more development. Or do we want our communities to change in the sense of they become more expensive? Folks retire and they move away, the neighborhood gradually becomes significantly more exclusionary, and young folks who moved grew up in the community can no longer afford to stay. That's the option facing many of our communities. And I think the yimby response to this is more housing construction is good and it's healthy and it's part of a thriving community. Keith Weinhold 31:02 Yeah, Nolan, when we come at this from the familial perspective, like I brought up earlier, it seems like the more zoning there is, the more it benefits seniors and incumbents, the more it benefits the silent generation, the baby boomer generation, and maybe Gen Xers, and it disadvantages millennials and Gen Zers that really don't have their place yet. Nolan Gray 31:24 Yeah, you know, it's tough. I would say it even hurts seniors, right? I mean, if they want their young adult children to be able to live near them, or, many cases, seniors like the option to be able to build an accessory dwelling unit in their backyard and maybe rent that out to friends or family, or maybe even you move into the adu and allow young adult children to move into the primary residence, or even just rent it out and have an additional source of income to supplement fixed incomes. There's reasons why folks, I think, at all different stages of their life, benefit for more flexibility in the rules that govern what can be built. Keith Weinhold 31:52 Psychologically, how do we turn one's mindset from a NIMBY mindset to a yimby mindset? I mean, if someone's got their single family ranch home that they want to live in in their senior years, and they want to see its value appreciate, so they don't want duplexes and fourplexes built next to them, rather than them saying no to turn them into saying yes. I mean, how do you get those people to understand that? Well, like this is the way for the next generation, for you to be able to live near your children and grandchildren? Nolan Gray 32:21 Yeah, that's a great point. You know, I think when you go to these public hearings around projects, you hear relentlessly about the cost of new development, right? Folks speculating about traffic and runoff and other factors parking. We get that perspective. We get bombarded with that perspective. But what we don't get is the alternative perspective of the benefits of a community, remaining relatively affordable, remaining a place where teachers and nurses and firefighters can still afford to be able to own a home and live places, allowing for the kids who grew up in a neighborhood or a city to remain there. And in fact, even just the selfish appeal to the homeowner, there's not actually any evidence that new development happening around you necessarily reduces the price of your single family home, and in some cases, it could actually signal to the market, hey, there's actually development potential on this so when you do decide to maybe sell and move on, your land is potentially going to be more valuable because it has more development potential than it might under a strict exclusionary zoning scenario. So you know, of course, you try to make the altruistic case to people. Hey, think about future generations. Think about folks who maybe want to move to this community or stay in this community, but aren't going to be able to if we don't build housing. But even so, I think there's selfish reasons. If you want to have somebody who's going to check you out at the supermarket or serve you at a restaurant or be a home care nurse, eventually you got to have housing for folks like that. In many cases, new development happening around you is going to increase your land value. Now I would just try the rage of appeals and work people through it. And in many cases, you know, I think people will understand, yeah, okay, I understand we got to have some growth. They might have a perspective on what it should look like, and that's okay. But as long as we can get some consensus that we got to have some growth to accommodate demand the form it takes, we can have a healthy discussion over. Keith Weinhold 33:57 Yeah, real community is the integration of all different types of people, and not school teachers living an hour away where they need to make a two hour round trip drive every day. Well, Nolan, as we're winding down here, can you give us any more successful zoning reform examples that maybe other communities can look to you touched on the success stories in Houston a bit. Are there some other ones? Nolan Gray 34:21 Absolutely. Yeah. So one of the most successful things we've done in California has been statewide legalization of accessory dwelling units. Yeah, that's been key. That started in 2017 and that took a lot of legislation to get us to a place where we are today, but that's resulted in something like 80,00 ADU's permitted, since 2017. That's powerful stuff, right? That's 80,000 households that might have a home, or might be able to rent out a unit to young adult child or an aging parent. Really, really powerful. So I would suggest that folks look into that. That's the lowest of the low hanging fruit. Empower homeowners to add additional units to their properties, and by the way, we also allow you use to be added to multifamily properties, and we're seeing a lot of that happen as well. At other contexts, many cities, dozens of cities across the country. Have removed their minimum parking requirements, acknowledging that, hey, this is a huge cost that we're imposing on projects, developers who are close to consumers, who have, they have the incentives and local knowledge to get this question right. Let them decide. So that's been, I think, a big success. You know, certain cities like Austin and Minneapolis, for example, they've actually sort of kept their markets back under control amid all the chaos of the pandemic real estate market fluctuations by allowing for a lot more mid rise multi family on their commercial corridors and in Job rich areas and in places near transit, that's where we have a huge shortage, is these studios and one bedrooms. So young professionals who, if they can't find that unit, they're going to go bid up the price of a two or three bedroom unit, they're going to roommate up and be living in potentially overcrowded conditions. So Austin, Minneapolis, we, relative to peers, they built a lot of housing and have seen prices stabilize as a result. So there's a lot of different success stories, you know, I would say, if you're at all interested in this, talk to your neighbors about this issue. See what sorts of solutions might make sense for your community. You know, in a suburban or a rural community, ADUs or minimum loss size reform might make sense. And an urban community, removing your parking mandates, allowing for more multifamily, allowing for missing middle, make more sense. Keith Weinhold 36:06 There sure are some encouraging signs. There was there any last thing that a person should know, especially a real estate investor type audience that's interested in buying a property and renting it out to a tenant for the production of income? Is there anything that our group really ought to know about zoning and the direction that things are moving, what to look for and what to be careful of? Nolan Gray 36:28 Well, as your audience probably knows, you know that first essential step for your mom and pop local real estate investor is often a duplex, a triplex, a four Plex, historically, that was an absolutely essential source of middle class wealth building. Yeah, right. And you can see these in so many historic neighborhoods. And to the extent that we've made those exact typologies so incredibly hard to build, we've cut off this very valuable source of democratic, decentralized wealth building that we need to actually encourage as real estate investors and professionals, in many cases, you're an authority figure with your local policymakers and your local planners, and you can say to them, Hey, here's my perspective on what's happening in the market. You know, we have a shortage of a certain type of small scale multifamily or making this case. You know, I talked to a lot of elected officials, and when I say starter home, I think they still think of the bungalow on the 5000 square foot lot with the two car garage. But a starter home in 2024 might be a townhouse, two bedroom condo, a small lot, single family home. These are the types of stories that real estate investors and professionals are trusted advocates on, and you can make that case and explain to local policymakers. Hey, here's the change that we need or explaining. Hey, I wanted to add an additional unit to a property that I own, or I wanted to redevelop a property I own to add a lot more housing. And these were the barriers that I faced that's incredibly valuable information for your local policymakers and planners. And I would say, you know, look around many US, cities and states now have very active yimby or, Yes, in my backyard groups. Go connect up with them. You could be a valuable, trusted expert for them, somebody that they can learn more about the situation with real estate markets, and they can be more effective advocates for policy that I think a lot of us would like to see. Keith Weinhold 37:58 And when it comes to changing NIMBY people to yimby people, and we look at esthetics and adu in the back, that really doesn't change aesthetics on the street front. And I've seen very smart, careful designs of duplexes, triplexes and fourplexes that really look just like single family homes from the Street View level. So there really are some ways around this. You've given us some really good ideas today. Nolan, hey, well, someone wants to learn more about you and your work and zoning. What's the best way for them to do that? Nolan Gray 38:30 Well, I'm on the platform formerly known as Twitter. I'm @mnolangray, M, N, O, L, E, N, G, R, A, y, so feel free to find me there and reach out. And I have a book Arbitrary Lines, how zoning broke the American city and how to fix it. Check that out. If you're at all interested in this, always reach out. Love to hear from folks. Thanks so much for having me, by the way. Keith Weinhold 38:50 All right, well, I hope our audience didn't zone out. It's been great. Chat with you. Nolan, thanks so much for coming on to the show. Yeah, a thought provoking discussion with California yimbys Nolan Gray there it's essentially illegal to build affordable housing in a lot of areas with the way that these zoning laws are written, allowing for more dense building that can limit this ugly urban sprawl, and this makes me think about an Instagram account that I follow. It's called how cars ruined our cities, or some names similar to that. It shows, for example, a picture of how a highway interchange in sprawling Houston has an area so large that you could fit an entire Italian town inside of it. And these sprawl problems compound when a lot size must be, say, at least a quarter acre or a half acre. The tide is turning toward allowing more dense building in some places like we touched on, but it's too bad that it took a. Visible housing crisis to make this happen. I mean, visible like more homeless people out on the street. It took that almost for municipalities to start doing something about all of this. Our guest has quite a following on X. Again, you can find his handle there @mnolangray on X and the image on his account cover it shows someone holding up a sign that reads, zoning kills dreams. Hmm, big thanks to the terrific Nolan gray today until next Monday, when I'll be back here to help you actionably build your Real Estate Wealth. I'm Keith Weinhold. Don't quit your Daydream. Unknown Speaker 40:44 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC, exclusively. Keith Weinhold 41:12 The preceding program was brought to you by your home for wealth building, GetRichEducation.com.
The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action
It was here at FreedomFest where we first encountered a novel concept called Bitcoin. Fast forward about 15 years, and cryptocurrency has fundamentally transformed the financial landscape in ways we could have never imagined. Now, we're back in Las Vegas for this year's event, drawn once again by the stellar speakers, groundbreaking ideas, and vibrant discussions that define FreedomFest … And eager to explore the next wave of groundbreaking ideas and technologies that could become tomorrow's game-changers. In this episode, Robert sits down with two visionary guests who are always ahead of the curve. They'll dive into the latest advancements, exploring how breakthroughs in data centers, revolutionary materials like graphene, and emerging technologies such as blockchain and AI are opening up exciting new opportunities for real estate investors. Visit our Special Reports Library under Resources at RealEstateGuysRadio.com.
Take a look back at The HighWire's historic live show from Freedom Fest 2024 in Las Vegas earlier this month with just a small taste of the incredible interviews, panels, and speakers that represented the true celebration of liberty outside of partisan thinking. Hear how you can get an exclusive look at 20+ fascinating interviews from a wide range of Freedom Fest speakers.
At 2024's FreedomFest, Matt Kibbe catches up with John Mackey, the serial entrepreneur who founded Whole Foods and is now launching the new wellness company Love.Life. Mackey wants to empower individuals to take control of their own health in a way that is increasingly difficult in the American health care system. Despite these challenges, Mackey remains a long-term optimist about the future of liberty, pointing to the decentralized wisdom that spontaneously emerges from creative people working and cooperating to solve big problems. It's easy to be gloomy about the country's direction given the events of the last few years, but as long as there are entrepreneurs like Mackey building new systems, there is plenty of reason for hope.
At this year's FreedomFest in Las Vegas, Matt Kibbe sits down with English comedian Andrew Doyle to talk about how comedy, and indeed art as a whole, has been impacted by woke identity politics and critical theory. Doyle is pushing back against a claim that a comedian's race or gender is more important than whether he or she can be funny. He's also firmly committed to mocking those with absurd ideas, and that includes activists who want to police speech and silence dissent. The unique advantage of comedy is that it can hold a mirror up to the society and expose the ridiculous and the hypocritical.
Wealthy business owners and landlords are vilified. Yet, wealthy actors, athletes, and singers are praised. This makes zero sense. Businesses and landlords provide essential services; entertainers don't. The White House recently published a “rent control light” plan. It's a bad idea and has almost zero chance of passing a divided Congress. I critique it. Hear my in-person sit-down interview the Liberland President, Vit Jedlicka. Liberland is a micronation in Eastern Europe, between Serbia and Croatia. It calls itself: “The freest sovereign state in the world, powered by the blockchain.” Learn about Liberland's: reason for existing, population, infrastructure, real estate, currency, geography, language, culture, problems, and more. You can purchase merits and become a citizen at Liberland.org. Resources mentioned: Learn more about the freest nation in the world, Liberland: Liberland.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 00:00:01 Welcome to GRE. I'm your host, Keith Weinhold. Why do people vilify wealthy business owners and landlords but praise wealthy actors and athletes? Rent control plans must be killed where the real opportunity is in today's real estate market. Then my in-person sit down interview with the president of the micro nation of Levelland today and get rich education. Robert Syslo 00:00:27 Since 2014, the powerful Get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps build wealth on the go with the get Rich education podcast. Robert Syslo 00:01:05 Sign up now for the get Rich education podcast or visit get Rich education.com. Corey Coates 00:01:13 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 00:01:29 Welcome to Greece. From Dubrovnik, Croatia, to Dublin, Ohio, and across 188 nations worldwide. I'm Keith Weinhold than you are inside episode 512 of get Rich education. You can set up your life so that you stop using your time to make money. Use the bank's money to make money. People come from scarcity families, just like I did with a scarcity mindset to think all debt is bad. Hang off debt won't make you wealthy. You don't build wealth. So by the time you reach age 62, you think, hey, I just paid off my last debt and now I can retire. It doesn't work that way. Well, why couldn't you retire sooner? Sheesh. So what do people mistakenly do? They end up working their whole life for people that have debt. Successful business owners and real estate investors carry debt. Keith Weinhold 00:02:29 That's how they can own so much productivity and so many assets. And you know what's interesting here? Business owners and real estate moguls, they're the ones that often seem to be vilified, criticized, ridiculed for obtaining wealth when they took risks, took out loans and provided jobs or housing for others, yet Yet at the same time, somehow actors, athletes and singers are all praised for obtaining wealth as a performing artist. That makes zero sense. Why would you criticize a successful business owner like Amazon founder Jeff Bezos? Bezos probably made your life distinctly better by offering you convenient shopping for anything. Protein bars with a few clicks, free shipping, and pioneering drone delivery. A landlord is often vilified. Most landlords are mom and pop types that aren't even that wealthy. But even if they were, as long as they're not a slumlord, I mean, they took on risk debt, operating expenses, and being on call 24 over seven in order to provide others with housing. So with Bezos types and landlords, we're talking about taking risk to provide society with essentials like food and housing. Keith Weinhold 00:03:58 And while the business owners get vilified baselessly performing artists like actors, athletes and singers do not. Yet they merely provide entertainment to society. Now I like entertainment and I follow sports to the NFL. Major League Baseball, the NBA. But their services are not essential. Take a movie actor. They get paid well for pretending to be somebody else. Consider how absurd that sounds. And yet they're praised for obtaining wealth from doing that. So this is really backwards. And, you know, I think that a lot of this resentment for business owners is that you can't really see what they do for you. Like, you can a performer that's on the front stage, like Beyonce or Lizzo or Taylor Swift, Business owners, real estate investors, they're on the back stage. And what an entertainer does front stage that is highly visible. I mean, that's my best guess about why this is. And a lot of the time it just comes back to these primordial human emotions like resentment and jealousy and envy. There is no reason to criticize the rich just solely for being wealthy Because deep down, it's all where we want to be. Keith Weinhold 00:05:21 Anyway, how is Bezos bad and Lizzo good? I don't get it, but it's been that way for a while now. When you look at surveys of institutions that are most trusted over time, and it's been pretty much the same these past few decades, what's at the top of the polls are small businesses. People say that they're trusting of small businesses in your rental property. Business surely counts here. Small businesses trusted more than institutions like the media or politicians. So I encourage you on social media and wherever else to support small businesses. And it's kind of funny how friends they often might not put a like on your small business, though they say that they trust them and that they resent large businesses, you know? Then that friend turns right around and supports Apple, Coca-Cola, and Starbucks. people say they trust small business, but so often then they go patronize large businesses. Nothing wrong with patronizing large businesses, but you're just not doing what you're saying. So my point is, don't resent anyone just for financial success and consider outwardly supporting small businesses. Keith Weinhold 00:06:40 If you indeed put a lot of trust in them yourself, just like much of America says that they do. Now, is there a movement afoot to disenfranchise big wealthy business owners or big landlords. I mean, we're talking about these very people that are resented. Well, one way is with rent control, that is capping the amount of rent that landlords can charge. Now, since Covid hit in March of 2020. Apartment rents are up 18% and single family rents are up 25%. Okay. Those are cumulative figures over this four plus year stretch. And that's actually not that much. It's about 5% a year. And now sure, political news has been like galactic big this month with the Trump shooting and the Biden drop out and the Kamala Harris endorsement as a Democratic frontrunner. And we rarely talk politics here for a few reasons. Number one, it's divisive. People lose their minds. Secondly, speculation is cheap. So much of politics is speculating on what might happen in the future. Well, there's one known here. Keith Weinhold 00:08:01 Whether you like it or not, expect six more months of President Biden. And thirdly, politics is overblown. Its importance is inflated. A president rarely changes your life. But the good news in this is that you can your autonomy, your freedom, your decisions. You can change your life. So to put the politics aside, let's stick to a one issue subject. The white House revealed published what I call a rent control lite plan earlier this month. And to give some credit first, this the same plan it also repurposes publicly and to build more affordable housing. I sent you a link to the whole thing in our newsletter last week. Well, this rent control lite thing has almost zero chance of becoming law. VP Kamala Harris endorsed it on ex. President Trump would kill it even if it's revived under the next president. It has no realistic shot of passing a divided Congress. But let's look at this anyway. What was proposed is that if a property owner increases rent more than 5% annually, it would reduce tax incentives for large landlords. Keith Weinhold 00:09:23 I'll tell you what large landlords are in a moment. Now, you could still increase rent by more than 5%. It would just reduce the federal tax breaks and it would have lasted for only two years. And the reason the white House put this proposal together for just two years is as a bridge to a time when more homes are expected to be built. I mean, that's the real intent here. And importantly, this all would have only applied to owners of 50 plus units. So that's mostly for apartment owners. Single family rental owners would be largely untouched, but consider how apartment owners could have lost their accelerated depreciation benefit, also known as their cost segregation. And note that I'm already talking about this rent control light proposal in the past tense, not the present tense, because this whole thing, it's just a bunch of virtue signaling to try to show that something is being done to rein in housing inflation. Well, this is really odd and awkward since the inflation came from the government in the first place. Keith Weinhold 00:10:30 I mean, sheesh, this is like shooting someone in the foot and then trying to get praise for bandaging the victim that you just shot. Well, the federal government, they just don't do rent control on this level at all. They haven't. In fact, the feds haven't regulated rents on private buildings since World War two. So this really isn't a thing, but it just brings to light that rent control is a bad idea. It puts a cap on risk. Time after time after time. History shows us that it makes developers stop building. Now, the white House plan did have a carve out for new builds. Also, what this does is that landlords have no incentive to improve property. That's why it reduces housing supply, which is already low, and it creates long term dilapidated living conditions, like I touched on here just a couple episodes ago. But how weird to even make such an ill advised proposal. I mean, look, if government puts a price cap of $2 on a gallon of milk, then dairies will stop producing milk. Keith Weinhold 00:11:41 Milk shelves are going to be empty. It's like in communist countries. This is why you saw photos of bread lines. When there are price controls, then manufacturers don't produce. And just the same, landlords would stop providing housing. If I didn't put a fine enough point on this yet. President Obama's top economist, Jason Furman. He probably said it best in the Washington Post. Furman says, quote, rent control has been about as disgraced as any economic policy in the toolkit. The idea that we'd be reviving and expanding it will ultimately make our housing supply problems worse, not better. End quote from President Obama's top economist 94% of economists agreed that rent control reduces quality and quantity of housing available. It is the most effective way to destroy a city. Aside from bombing it, what an ill conceived plan to regulate rents. That's rent control, but the most dangerous drinking game of 2024 that is still sipping at every mention of the interest rate lock in effect on a real estate or economics podcast. Though it's been two plus years since they made their dramatic rise. Keith Weinhold 00:13:05 Many are still transfixed on mortgage rates. They recently hit a five month low below 7%, and a lot of people still expect mortgage rates to fall between today and next year, since inflation has now plunged from a high of 9.1% two years ago, down to 3% now, the Federal Reserve has held rates steady for more than a year now, and most don't expect any change either when they meet in two days. But be ready. Be prepared when mortgage rates fall substantially. Millions more buyers will qualify to buy a home, and this could substantially stoke housing demand and lift housing prices further. Now last week on the show, you heard gray investment coach narration. I discuss Libre land libre, land libre land. Earlier this month, I visited the exhibit hall at an event called FreedomFest. I saw the library and booth and I recognized their name, and I congratulated the people there in the booth. On that, the fact that I have heard of Liberland before, that's somewhat of a compliment to them. It shows me that they're doing something right, liberal, and is a small piece of land between Serbia and Croatia in Eastern Europe, and it apparently hasn't been claimed by any other nation for decades. Keith Weinhold 00:14:32 The name Liberland, and I think it's easy to remember because it sounds like liberty. So that's how you pronounce it. Well, I got to talking to some of their representatives at the exhibit hall. They're all smart people, but there was no one person that had all the answers I was looking for. So I requested to speak with the president of Liberland. And about two hours later we made that happen. So today, shortly you will hear Liberland President Vit Jedlicka and I together. Now, the United Nations doesn't yet recognize Libya and all. Ask the president if other nations recognize it. Wikipedia calls liberal and a micro nation. It is seven square kilometers. That's almost three square miles. It's mostly forested. I don't believe there are any mountains there that I can see in the photos. It has Danube river frontage and just a few people there. The Danube river frontage is key because it contains an island that belongs to Leon, and also the Danube is key because it also connects to the Black Sea. Keith Weinhold 00:15:40 And we'll see if it can be a tax free haven, which is apparently the intent. You might be able to see this working when you compare it to micro nations like Monaco and Liechtenstein. Some journalists have been skeptical about libre land. You'll see how I approach it with the president shortly. He champions laissez faire capitalism. Laissez faire means a minimal government. They're also making the new nation's laws transparent on the blockchain and an economy based on cryptocurrency. As for liberalized population, by March of this year, liberalism had 1200 registered citizens who had paid up to $10,000 for labor and passports, but fewer actually living in the nation now, working on it and building it. Neighbouring Croatia has at times been hostile and blocked off access to libre land. These past few years, you will hear some background noise in President Witte and his upcoming interview. So I ask for your attention and patience there and for all. We are in an exhibit hall at a conference. I'll just call him whit in the interview. And what does his day to day look like? He travels globally a lot, often trying to get into international diplomatic and friendship agreements. Keith Weinhold 00:17:01 But how do you just adopt statehood out of nothing? That's what's interesting here. Now, when he describes libre land to me, you can't see it here in the audio only. But he often points to Liberty Island, an island on the Danube river that's part of Liberty. And does having a free nation mean that you have the freedom to do whatever you want on your land, or they're soon going to be hos there? I'll ask him that very question, literally. President and I coming up here shortly. First, as for more, I suppose, a familiar land here in the US. You can't make any money from the rental property that you don't own. We are here to help get you started being profitable that way. And it's free. Get some of those. Real estate pays five ways properties. Then we have access to a good number of them here at great a good variety, different property types, different geographies. But at times I'm asked where is the real estate opportunity today in this real estate market, with higher prices, higher rents normalize interest rates, higher operating expenses and low housing supply? Really the opportunity is in affordable housing. Keith Weinhold 00:18:25 If I could just put two words to it. That's the short answer of affordable housing. Like I often say, provide housing that's clean, safe, affordable and functional in today's market really emphasizes the affordable. That's where the sustainable demand is. Since so many want to be first time homebuyers are priced out of the market currently, it's like a dam that's waiting to break once interest rates go lower compared to a year ago, America has a lower proportion of homeowners and more renters, and the renter numbers just look to keep increasing due to that low affordability. And also this surge of immigrants from the past year or so. That is why you want to own affordable rental housing now. Affordable housing really that can mean a few things in a physical form. That could mean mobile home parks, single family homes, duplexes to fourplex or larger apartment buildings, but in any case, an income producing asset. Do you know what that does for you? That's like an employee that's working for you 24 over seven and without the personality problems, and they never call in sick. Keith Weinhold 00:19:40 And when you're looking for a property, it's easier to screen properties that it is higher in screen employees. We can help set up an entire real estate investment plan for you with properties like a couple properties. I'll detail for you here shortly. And I also sent you these property details in the second section of last week's newsletter. You also got to see a photo of one of them. And by the way, you can get our wealth building newsletter by texting GR 266866. Just do it right now. What's on your mind for our free? Don't quit your daydream letter. Text GR 266866. And what's been in our newsletter lately? I showed you exactly where I think home prices are going to go by the year 2028. I loved writing about that and researching that for you in the Don't quit Your Daydream letter. Also, in recent letters, you got need to know details about our banks in real trouble now. The Wolf of Airbnb sentenced to prison y new homes will keep getting smaller. Why you can't blame investors for pricier housing. Keith Weinhold 00:20:54 Why prioritizing property is a huge mistake, and the ten cities where you will regret buying property. And if those stories don't interest you, if getting the first crack at profitable income property does not interest you, then you won't want to subscribe. But if it sounds like those details interest you again, you can get the don't quit your day dream letter by texting gray to 266866 available properties we've had at Gray Marketplace lately that our investment coach can help me with are these two brand new single family homes that make great rentals. The first one is in Prairie Grove, Arkansas. These are the places where the numbers work, and Arkansas has been named the most landlord friendly of all 50 states. It is four bed, two bath purchase price of 288 K and a rent of $2,200. Good numbers for a new build there. It's 1500 and 50ft². The second property, also a new build, is in Pinson, Alabama that's just northeast of Birmingham. And this single family rental is three bed, two bath. The purchase price is 303 K, the rent is $2,000, it's 1400 and eight square feet. Keith Weinhold 00:22:14 And that rent to price ratio that's not as good as the first one in Arkansas. But of course, Alabama's got those ultra low property tax rates that you get to pay. Yet you can own it and reside in any state or nation. We can help set up an entire real estate investment plan for you, whether it's with properties like these or others, with our investment coaching and it is free for you. Yes, it is just this free as sun, fresh air and hugs. If you think you're ready to buy some real estate pays five ways property. Book a time to chat at Gray marketplace.com/coach to help connect you with a marketplace of income properties. That's grey marketplace.com/coach liberal and president what you'd like and I straight ahead you're listening to get rich education. Hey you can get your mortgage loans at the same place where I get mine at Ridge lending group Nmls 42056. They provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire. 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Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866. Robert Helms 00:24:54 Everybody it's Robert Elms with the Real Estate Guys radio program. Robert Helms 00:24:57 So glad you found Keith wine old and get rich education. Don't quit your day dream. Keith Weinhold 00:25:11 Hey. Welcome back to get rich action. We're talking with someone that's going to explain a different subject to us. We're talking about starting up and the potential new nation. I was the president of that nation called Libre, Leon, I was there. President Witt, welcome in. Good to meet you. It's so good to have you here. And, you know, interestingly, we met at an event called Freedom Fest. So this is potentially so parallel with that as you're looking to develop your own nation now at a place like Freedom Fest, I think we have a lot of people that have a certain set of opinions, and a lot of people at a place like Freedom Fest, where you champion ideals, would probably love to tell you how they would like changes to be made in the United States. But I think if you ask that same person, okay, what if you begin with a clean slate? How would you begin a nation anew, but you're actually trying to do that? So tell us about Libber Land. Keith Weinhold 00:26:04 It's pretty. Vit Jedlicka 00:26:05 Exciting to. Robert Helms 00:26:06 Hear Kennedy. Vit Jedlicka 00:26:07 The candidate for president, talking about his plans to utilize blockchain to make the country transparent and or functioning. Libra is, I would say, at least 5 to 10 years ahead of any other nation states. And utilizing that, we are combining the best technology that is out there with the best ideas, ideology that is out there, which is, of course, libertarianism, making sure that the society as free as possible within some framework of basic rules. So this is exactly what we're doing. And we were looking for a piece of land to manifest that in physical world. And here we go. It's so liberal and it's a beautiful piece of land between Russia and Serbia that was not claimed by any other country for more than 35 years. We came there, we struggled with like we actually took nine years to even get inside of it properly. And now we're building and living there for more than a year. Keith Weinhold 00:26:58 So this seven square kilometer plot of land between Croatia and Serbia, that is on the Danube floodplain, you've got frontage on the Danube river, even an island and the Danube river here in this Start-Up nation, if you will, of libre land. Keith Weinhold 00:27:14 Really, as I've come to understand it, one real goal of liberalism is just to have any nation in the world recognize it as its own sovereign nation. Vit Jedlicka 00:27:25 We actually got a couple countries to write or sign a regular deals, like with other states. We started with Somaliland, which was at the time unrecognized country. It's fully functional. Interesting story. It's actually former Peace of Somalia, which got independence like 25 years ago. And they're fairly finally prosperous and functioning, even without any recognition by any other country in the world. Now, they got recently recognized by Ethiopia. We followed up with Haiti agreement. We were signing a couple more agreements. Right now, I'm actually heading to one of the African countries to sign some friendship agreement. So it's not that the other countries don't recognize us now. We're working hard on diplomacy. You know, we have diplomatic relations with places like El Salvador, where we were on official diplomatic visits. So, of course, traditional form of recognition is one of our priorities. Vit Jedlicka 00:28:13 But it's not the number one priority, really. Our number one priority is to finish a very close, a whole model of statehood and utilize the 745,000 people that applied for citizenship, for really real building of the country itself and the nation. Keith Weinhold 00:28:31 Some recognition is coming slowly, but pulling back a bigger picture. Why do this? Why take this on? Why start your own nation? Vit Jedlicka 00:28:39 Why not? I think leading by a good example is the best way to do things like talking about liberty. I did a lot of educational work on explaining people why liberty works, but it's much better to do things in the practical terms. Keith Weinhold 00:28:53 Now, what's interesting is, you know, we've talked about freedom and the ideals of freedom earlier. This freedom mean freedom to do whatever you want. Vit Jedlicka 00:29:03 You know, within some boundaries, of course, as long as you don't breach other people's freedoms and you have to find the right set up. And but right now, the problem with the current society is that there are so many regulations, you don't even know what you're reaching, and you're usually not reaching anybody's property or anybody. Vit Jedlicka 00:29:20 It's just a bunch of stupid regulations that make your life tough. You cannot do business. You cannot even help your community. It's funny what kind of stuff we are dealing with in Croatia right now. There is a mosquito calamity in the neighborhood around Libre land and the local municipality don't have money to fix it. And they also don't let us to fix it because you have to have special license for fixing it. So everybody is suffering under the mosquito calamity, which is California. Keith Weinhold 00:29:47 Okay, so that's an example of overregulation, potentially too many laws. You just brought up one of the limits of freedom, potentially. Well, we don't want people to be able to do anything or therefore they might be. Vit Jedlicka 00:29:57 Able to hurt or to. Keith Weinhold 00:29:58 Harm another person, but therefore that would be some sort of of law. And then there would be some need to sort of enforce that. So how does a start up country that wants to be a free nation, you know, how do you meet needs like laws and enforcement and perhaps a judicial process. Vit Jedlicka 00:30:16 Or do you have a standard framework for the country? There is now a newly elected Congress. It's still a test election, but it has been already elected according to all the principles that the blockchain is bringing full transparency, immutability. It happens within the split of second of the very minimal cost. So all these things are actually already happening, and the Congress will now take all the laws that were prepared by the Preparatory Committee. And only if we have the whole framework of the laws necessary to run a state. I have 250 pages of regulations, very simple framework, which already allows a society to function quite well. And I would like to keep it that way. You know, keep the Constitution at the, let's say, the 20 pages and another 230 pages of different laws that define the the ways that the society should work. And anybody basically allowed to read all the regulations in the country within one day. It's not like here, right in the US. Keith Weinhold 00:31:10 Yes. But its population grows, is the infrastructure grows, is more complicated, needs must be met. Keith Weinhold 00:31:16 The size of government invariably and inevitably seems to expand with all existing nations in the world. I think the UN recognizes 193 sovereign nations currently. How do you keep the size of government from expanding over the long term in Libya? Vit Jedlicka 00:31:32 It's a challenge. Of course, but the way we keep it is the way that there is only one institution that can make new laws, and it's kind of a corporate governance of liberalism. But that governance is in check by three other institutions that can get rid of the laws. The first and most important one is public veto. So majority of citizens can veto any law or regulations that they don't like. Second one is the Constitutional Court. So the Constitutional Court looks into the law if it basically is only focused on security and justice or diplomacy, so that the state shouldn't legislate on other things, really let other things to the private sector. So the Constitutional Court strictly looks if it adheres to that. That's another important institution. Then there is something like House of Lords of liberal minded, who can also veto the laws that the corporate governance the Congress actually creates. Vit Jedlicka 00:32:23 So one institution to make laws and three institutions to get rid of it. Keith Weinhold 00:32:28 Else about what's there now, the natural resources, the population and the infrastructure. Vit Jedlicka 00:32:33 Well, that's the beautiful territory with the island next to liberal land. This is part of liberal land. It's called Liberty Island. It's a long, beautiful sandy beach. Right now, the under construction, there is 24, three houses in this area. So it will be one of the third thing will be the tourism. And we need to be able to host the visitors. We are planning two major music festivals and conferences in the summer, which will take place in August and in September. Of course, you're very well invited. We want to promote the tourism in Berlin, but also in the whole region. The biggest resorts. And it's like that with any country that is prosperous around the world. Be it Hong Kong or Singapore, is not the natural resources. It's the capacity of people to freely make, trade and do business. Keith Weinhold 00:33:20 You're right. Keith Weinhold 00:33:20 In fact, a place like yes, Hong Kong or Singapore or even Japan itself have been exemplary of that. A place can be prosperous without having many natural resources. It's truly about the ingenuity of the people we talk about. The people tell us more about the population. Vit Jedlicka 00:33:35 The population. Right now we've got 800,000 people, almost that sign up for citizenship, which is a huge pipeline. I think the reasonable like ideal population of Liberal would be around 140,000. So we cannot even accept everybody to physically live in liberal land because we would be so overpopulated. Right now we've got some thousand citizens and 6500 residents that basically went through the pipeline, and there is a couple dozens of people living on the territory of liberal lands and working and building stuff. So it's kind of fun to see that initial development. very early into the development. There is still a quite a bit of obstacles to really speed up the development of the brand, mainly installed by Croatia, but we're very happy that after all these years we're able to actually be there physically and develop stuff. Vit Jedlicka 00:34:23 So we're building a small hospital. There are seven construction workers that take care of it. We're also building the Treehouse resort. There is another ten guys working on that, and that there is a bunch of people that came to settle and they're helping with some stuff for the site. And then there is around 150 people that live around Liberal and that are connected and are supporting the movement. Well. Keith Weinhold 00:34:44 Now we're a real estate platform. We're going to have both public land and privately. Vit Jedlicka 00:34:50 Every land is private, in a sense. In labor land. The deal is that right now, people can actually come to the land and claim piece of land if they have enough merit. There is are the the shares of liberal land and can actually not even exchange them if they just have them. They have the right to settle things for fun, which is kind of exciting even though there are all these obstacles. But we're helping people to get over them and get the development of the country going as fast as possible. Keith Weinhold 00:35:16 Can a person purchase merits or purchase land in labor land right now? Vit Jedlicka 00:35:21 Anybody that donates to Libre land on the website gets the merits. Keith Weinhold 00:35:26 Are there going to be things like Hoa's in Libre land? Is that something that you foresee? What is actually homeowners associations where you have neighborhoods and boards in those neighborhoods where you know they need to approve of things like, hey, you can only paint your home for different colors, and you need to mow your grass within every two weeks. Vit Jedlicka 00:35:46 Well, that surely there will be different types of associations and liberal. We're not going to force one or the other type. This property development here on Liberty Island, the three houses and this area will be kind of association of sort. We want to have 24 people that that invest into the tree house, and they would act as a community. They will help each other, but they will also have the place to visitors. To really make sure that we have a good initial settlement for the permanent population. And I would like every single one of these guys to like some nice story behind how they came to live and then why they're building a house there. We want to make a reality TV show out of it as soon as possible as well. Keith Weinhold 00:36:28 What about currency? The euro is used in the area. But you mentioned blockchain earlier, and I don't think you plan on using the euro in liberally. Tell us about that. We don't do. Vit Jedlicka 00:36:38 That. We use liberal and dolar. We use liberal and merit. Those are the main currencies that are tied with our blockchain. And the pound dollar was launched on exchanges three months ago, reading quite nicely, steadily at 2 USD per $1 billion. So this is like also demanded currency by our suppliers. Keith Weinhold 00:36:56 Is it a cryptocurrency? Yes. Vit Jedlicka 00:36:58 It's just my own currency of our blockchain. Our blockchain is standalone. It's not depending on any other blockchain. Our citizens are the one ones that securely network and run the network. They run the servers. Every single citizen in Lebanon has the right to run the run the network. That's kind of all we know. We're not really being dependent on any other network like Ethereum or Polkadot. We are simply running our own thing with its own main token. The main token is liberal dollar, but the main political token is liberal and varied, and that also comes with the political voting rights. Keith Weinhold 00:37:32 Do you foresee there being a future rental property market on libre land? Vit Jedlicka 00:37:39 Oh, of course, of all these, all these three houses are meant to be for rental for bigger events or team building. So this is something that is happening right now, and I wish we could have at least, you know, 50 bedrooms there by the end of summer. Keith Weinhold 00:37:54 You know, we talked about how society might work on liberally, and why don't we pull back a bit more and talk about that physical geography, because you chose an area that's basically on the Danube floodplain. So it's probably pretty fertile and it's near some other populated nations. But of course, there are some areas of the world that no one else is claiming. Tell us about how you chose this area over. All the others in the. Vit Jedlicka 00:38:16 Area was in the most reasonable place, I would say, between the two countries that had war, and they learned to sort out things in a peaceful way. And, you know, Antarctica is also on claim, but you don't want to stay there. Vit Jedlicka 00:38:27 It's for freezing, right? This particular place is heart shaped. It's seven square kilometers. It was a culturally similar environment to where I was born, so I was considering it as a perfect place to start. And you can fit. Keith Weinhold 00:38:39 You can get all four seasons in Libre land. What else should one know about Libre land that they come approach you with questions about what do people really want to hear about? Vit Jedlicka 00:38:50 They of course are interested in the sport. They want to see how what kind of utility does it have? They're a bunch of countries where you can use it to get in and out, which is kind of cool. But the main utility for Americans, for example, is that they use it on crypto exchanges, or they use it with different financial institutions as a second passport. If the US passport is not good for that, it's a great membership club, you know, in the country that is just being born. And and it's a great social gathering. Think about this. 35,000 Americans that sign up for citizenship as well. Vit Jedlicka 00:39:22 We've got a small consulate in every bigger state, or at least a representative person. The branch, for example, here is representing liberals in Washington, D.C. so we've got a nice network of nice guys all around the place, and then a potential big supportive network with all of these people that sign up for citizenship. Keith Weinhold 00:39:41 Now, how do you get the word out about libertarians so that people can get interested? Of course, we are an example of this right now, as our audience is learning about liberal land and the pros and cons of this concept of a potential condition. How do others learn about it? Vit Jedlicka 00:39:55 There were articles written in Liberal, and I believe in more than 40,000 different medias actually, so we were pretty heavily covered in past. I believe more than 1 or 2 billion people learned about it through the media outreach, but the word is also spreading from person to person. Like people like it. They get on board their friends, their families. It's kind of exciting to see that. Keith Weinhold 00:40:18 What about the language in the culture that you see developing here? Will it feel European just based on its geographic proximity? Is that what you foresee, or does it have more to do with where the inhabitants come from? Vit Jedlicka 00:40:31 The English, of course, is number one language, but we are also developing liberal English out of all the mistakes that we make in English, that makes the language a little bit difficult to learn and understand. Keith Weinhold 00:40:41 Americans have to learn English. Vit Jedlicka 00:40:43 We've got a quite nice culture there, which is, of course mixture of the local Slavic culture with this international make sense nowadays, people, a lot of people from Scandinavia that are moving in. I think we've got a very good German group now coming. There is quite a few Americans that are being involved. It's quite difficult, for example, for Americans to stay liberal. And right now we have to improve our relationship with Croatia because Americans are being banned from actually, for some strange reason. Keith Weinhold 00:41:15 Okay, still some antagonism with your neighbor Croatia. That's kind of. Vit Jedlicka 00:41:20 The situation. Keith Weinhold 00:41:20 In Croatia has created some access problems as well. Tell us about that. Vit Jedlicka 00:41:25 Well, there's been solved. Last year we when we we we came in to liberalize with more than 60 people at the same time. So they had no means of preventing that access. And since that time actually have free entry in an hour of liberalized. We have a small border crossing there with the with the Croatian police and kind of agreement that we can pass in and out, which is nice. Keith Weinhold 00:41:46 Try to keep things smooth with Croatia there on the one side of Liberal and here this new Start-Up nation. And we're talking with president Vit here of Liberal. And are there any last things that people need to know about liberalism before I ask how they can go to your website and learn more? Are there any just other last things I think we should know? Vit Jedlicka 00:42:05 It's a great opportunity to visit now with these two festivals. Those are nice social gatherings. It's the floating metal festival in August. That's the way. Keith Weinhold 00:42:14 Man. Like the Burning Man. Vit Jedlicka 00:42:15 Yeah, about the float. That's floating, man. Because we're on Danube. And then there is the Liverpool Echo, which is a major international festival that has moved on this year, which is based on an article, a famous Mexican festival that will be a probably the biggest cultural event this year. Keith Weinhold 00:42:33 Well, literally. And be a success if it is a net exporter rather than a net importer, because it's difficult to have sectors for everything from industry to agriculture in Beyblade. Vit Jedlicka 00:42:46 Well, our biggest export is freedom. Ideas like it's like Chile spreading like wildfire. think about it. Like for two months we had the biggest immigration in the world. We go to the United States, where there was more people applying for citizenship of liberal. And then there were applicants for green cards in the United States. The idea itself, it's something that the time has come. There is amazing interest in building new countries, building free countries. And right now I can see that we are on the right track when people like Canada are pushing for transparency through blockchain, because we know what they are talking about. We have already done it and we are applying it in the real world. Keith Weinhold 00:43:24 Well, it's an interesting experiment in this way. You, the listener of the viewer, you can follow it as an experiment, as an example of what to not do or what to do as live land develops. Why don't you let our audience know how they can learn more about it? Vit Jedlicka 00:43:42 Fairly easy to apply for citizenship. Vit Jedlicka 00:43:44 You can first become your resident and then come and help some different means. Or you just directly go for the citizenship. It's an investment of $10,000 or donation of $10,000. And you become a member of of our community with the passport and with the right contacts to the right people. That will really help you to get the best out of the community. Keith Weinhold 00:44:04 Well, I don't have a great chat with a national president every day, but I sure did today. Thanks so much for your time. It's been interesting learning about liberalism. Thank you very much. Vit Jedlicka 00:44:15 Made me think UK and I hope to see you a liberal one. Keith Weinhold 00:44:17 Maybe you will. It sounds like a donation of ten K gets you a liberal and passport. Like I said earlier, as of March 1200 people had paid up to that amount for the passport. Music festivals and conferences in Libya. In the next few months, that could be a way to check it out. Now, it's certainly something I'd need to know more about before I could either endorse it or reject it. Keith Weinhold 00:44:48 Citizenship in Libya planned to get more of the skeptic side. The criticism I would visit the Libyan Wikipedia page and get ready for some dismissal of its diplomatic recognition there. Then you can visit Libre Land Oregon, learn more about citizenship status, the passport actually helping with the construction of the territory and earning libre land merits, which is a cryptocurrency. If you find it interesting, it's a matter for you to do some deep due diligence on next week. The King of Commercial Real Estate will be here with us. Until then, host Keith Wendell. Don't quit your day, Adrian. Speaker 6 00:45:31 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of yet Rich education LLC exclusively. Keith Weinhold 00:45:59 The preceding program was brought to you by your home for wealth building. Get rich education.com.
This week on Breaking Battlegrounds, we're bringing you a powerhouse lineup of guests. First, we welcome Congresswoman Nancy Mace from South Carolina's 1st Congressional District, who will discuss current hot-button issues like women's rights, the global IT outage, and the recent resignation of US Secret Service Director Kimberly Cheatle. Next, Elizabeth Nolan Brown, senior editor at Reason, joins us to delve into topics ranging from Kamala Harris's performance to the media covering for Biden. Finally, independent journalist Peter Bernegger, President of Election Watch, Inc., reveals insights into ActBlue's ghost donors and 'smurfing.' During Kiley's Corner, she dissects what we know about the Trump almost-assassin, and as always, we end on a positive note with the Sunshine Moment. Don't miss this compelling discussion as we unpack critical issues impacting our political landscape.Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds-Show sponsors:Invest YrefyYrefy offers a secure, collateralized portfolio with a strong, fixed rate of return - up to a 10.25%. There is no attack on your principal if you ever need your money back. You can let your investment compound daily, or take your income whenever you choose. Make sure you tell them Sam and Chuck sent you!Learn more at investyrefy.com4Freedom MobileExperience true freedom with 4Freedom Mobile, the exclusive provider offering nationwide coverage on all three major US networks (Verizon, AT&T, and T-Mobile) with just one SIM card. Our service not only connects you but also shields you from data collection by network operators, social media platforms, government agencies, and more.Use code ‘Battleground' to get your first month for $9 and save $10 a month every month after.Learn more at: 4FreedomMobile.comDot VoteWith a .VOTE website, you ensure your political campaign stands out among the competition while simplifying how you reach voters.Learn more at: dotvote.vote-About our guests:Congresswoman Nancy Mace, raised in the Lowcountry, hails from Goose Creek, South Carolina. Raised by a retired Army General and a retired school teacher, Mace learned the value of hard work early on. After leaving high school at 17, she began her journey in the workforce, starting as a waitress at the Waffle House on College Park Road in Ladson.Despite early setbacks, Mace's determination led her to achieve academic excellence. She earned her high school diploma by taking college classes at Trident Technical College in North Charleston. She then graduated magna cum laude from The Citadel, the military college of South Carolina, making history as the first female graduate from its Corps of Cadets in 1999. Continuing her education, she earned a master's degree from The University of Georgia in 2004.Mace transitioned into public service, gaining recognition as one of the most fiscally conservative members of the South Carolina General Assembly while also championing conservation efforts. An accomplished author, she penned “In The Company of Men: A Woman at The Citadel,” published by Simon & Schuster in 2001.In 2008, Mace founded her own company, specializing in technology and marketing, and commercial real estate. Her leadership embodies integrity, compassion, and a tireless pursuit of delivering results for the South Carolina. She has worked with colleagues on a nonpartisan basis, successfully getting several bills signed into law by the President, including the Quantum Computing Cybersecurity Preparedness Act and the Human Trafficking Prevention Act of 2022.Mace has been recognized with esteemed awards such as the 2021 Club for Growth Defender of Economic Freedom Award and the 2019 Taxpayer Hero Award from the South Carolina Club for Growth for her consistent efforts to lower taxes. She is also the recipient of the Champion Award from Palmetto Goodwill for her dedication to education and job training for the underprivileged, and she holds a 97% rating with Conservation Voters of South Carolina.A devoted single mother to two teenagers, a sweet little Havanese named Liberty, and a cat named Tyler, Mace continues to serve the Lowcountry with unwavering dedication and resilience.-Elizabeth Nolan Brown is a senior editor at Reason and the author of Reason's biweekly Sex & Tech newsletter, which covers issues surrounding sex, technology, bodily autonomy, law, and online culture. She is also co-founder of the libertarian feminist group Feminists for Liberty, and a professional affiliate of the journalism program at the University of Cincinnati.Brown has covered a broad range of political and cultural topics since starting at Reason in 2014, with special emphasis on the politics, policy, and legal issues surrounding sex, speech, tech, justice, reproductive freedom, and women's rights. She can be found frequently reporting and opining on topics such as sex work, social media, antitrust law, abortion, feminism, the First Amendment, policing, and Section 230. A few of her more memorable Reason features include a trio of cover stories on the federal government's war on sex ("The War on Sex Trafficking Is the New War on Drugs," "American Sex Police," and "Massage Parlor Panic"), a political profile of Kamala Harris ("Kamala Harris Is a Cop Who Wants to Be President"), a deep dive into the prosecution of the founders of Backpage.com, and a look at "The Bipartisan Antitrust Crusade Against Big Tech."Brown's work has also been published by The New York Times, the Los Angeles Times, Buzzfeed, The Daily Beast, Politico, Playboy, Persuasion, Fox News, Newsweek, TIME, The Dish, The Week, Spectator World, Libertarianism.org (where she wrote the Encyclopedia of Libertarianism entry on sex work), and numerous other outlets.She is the winner of the Western Publishing Association's 2016 award for best feature article and has been a finalist for seven awards from the Los Angeles Press Club, taking one second place and three third place awards for articles including Hot Girls Wanted: Exploiting Sex Workers in the Name of Exposing Porn Exploitation?" and "The Truth About the Biggest U.S. Sex Trafficking Story of the Year".Brown is a frequent commenter on panels, podcasts, radio, and television. She has debated sex work decriminalization at New York University and the Soho Forum; spoken before audiences at SXSW, the First Amendment Lawyer's Association meeting, the Sexual Freedom Summit, the Knight Foundation, the Mont Pelerin Society, George Mason University's Law & Economics Center, the 2022 Libertarian Party convention, FreedomFest, and numerous other places; and appeared on programs on NPR, C-SPAN, the BBC, Fox News, ESPN, and North Carolina Public Radio, among others.Prior to coming to Reason, Brown covered legal issues for the Daily Reporter in Columbus, Ohio; wrote about health and nutrition for Bustle and other women's websites; and served as an editor for AARP publications. She is a graduate of American University, where she earned a master's degree in public communication, and Ohio University, where she studied playwriting, English, and film. She lives in Cincinnati, Ohio, with her husband, sons, and two cats.-Peter Bernegger is an independent journalist and President of Election Watch, Inc. You can follow him on X @PeterBernegger. Get full access to Breaking Battlegrounds at breakingbattlegrounds.substack.com/subscribe
Modern pundits are fond of dismissing America's Founders as backward slave owners with outdated ideas about government, but they were actually prescient about many of the issues that define today's political landscape. At the FreedomFest conference in Las Vegas, Matt Kibbe sits down with libertarian influencer Josie Glabach, professionally known as the Redheaded Libertarian, to explore the truth about American history, her personal journey to libertarianism, and the ongoing lunacy of American politics in the 21st century.
Rob Chatfield is CEO of Free to Choose Network. In this episode we talk about Izzit.org, our fun times at FreedomFest, and Metal. https://x.com/FreeToChooseNet https://www.freetochoosenetwork.org/ https://www.izzit.org/ https://x.com/izzit_org Learn more about your ad choices. Visit podcastchoices.com/adchoices
Entrepreneur, personal finance educator, and author of Rich Dad Poor Dad, Robert Kiyosaki, joins Del live from the Freedom Fest in Las Vegas with insights for these economic turbulent times. Get his financial expertise on everything from the positives and negatives of personal debt, crypto currency, and why the income gap continues to widen.
Coming to you from FreedomFest in Las Vegas, I talk with Founder Mark Skousen. He's been named one of the World's Top 20 Living Economists. Also, an event summary with GRE Investment Coach, Naresh. Learn about the deleterious consequences of rent control. President Joe Biden supports it (somewhat). If four tenants live in identical fourplex units, it actually makes sense for them to pay different rent amounts. I explain. We can construct more housing by relaxing zoning requirements in the right way—reduce off-street parking requirements, increase ADUs, no rent control, reduce minimum lawn sizes. There's higher homelessness in L.A., San Francisco, and Austin than Houston. Houston has a lower-cost market, few zoning requirements, and less NIMBY mindset. Politicians run on platforms like immigration, abortion, and inflation. But they don't run on reducing the debt because they don't see it as a problem that they created. At FreedomFest, I attended a presidential debate between the current candidates of the Libertarian Party, Green Party, and Constitution Party. Most or all agreed that the Fed should be abolished. The common theme at FreedomFest was: “Government, get out of the way.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold** ((00:00:01)) - - Welcome to GRE. I'm Keith Weinhold. I'm here at the world's largest gathering of free minds. It's a conference called Freedom Fest where I talk to the conference founder. He's been named one of the top 20 living economists in the world today, as well as a talk with one of our great investment coaches to learn what my conference takeaways are and more. Freedom, life, liberty and the pursuit of real estate and investing today. And get rich education. Robert Syslo** ((00:00:36)) - - Since 2014, the powerful get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Weinhold writes for both Forbes and Rich Dad Advisors advisors and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Robert Syslo** ((00:01:10)) - - Phone apps build wealth on the go with the get Rich education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com. Corey Coates** ((00:01:21)) - - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold** ((00:01:37)) - - We're gonna go from Oswego, New York to Lake Oswego, Oregon, and across 188 nations worldwide. I'm Keith, while you are inside, get rich education. I'm attending a free office live and in person in Las Vegas today. One key economic freedom and what makes a free market free is that ability for producers and suppliers and landlords to set prices based on what the market will bear, whether that's a high price or a low price. Now, what's wrong with rent control, which is a law that puts a ceiling on the amount of rent that you're allowed to charge? Well, that sounds like a nice thing to do for one set of people in the short term. Well, rent control has the same effect as price controls on consumer goods. Keith Weinhold** ((00:02:30)) - - If the government thinks that cars are becoming too expensive, and they set up a new law that says that you can't charge more than $20,000 if you want to sell a new car, well, then those manufacturers will stop producing cars and soon enough, you, the consumer, cannot buy a car. You'd no longer have an automobile market at all. And the consumer suffers under no choice and even austerity. Put price controls on beef jerky and companies will stop making beef jerky. Put price controls on rent called rent control, and landlords have zero incentive to provide property, no motivation to improve property. And there is a raft just reams of evidence and studies out there that show that rent control, that is a surefire way to then reduce the supply of functional housing, just like the supply of cars or beef jerky would get cut. That's especially not a good solution in today's real estate supply constrained world. And, you know, here's what's interesting. The government created the inflation in the first place. That led to the high price problem that they think they can cure through rent control. Keith Weinhold** ((00:03:52)) - - I mean, government keeps trying to solve a problem that they created. Well, just take a new course, a new direction and stop the inflation. In that way, you'll cure the higher prices long term and then near term. What you can do is relax zoning requirements in order to create more housing. I mean, in three cases here, less government cures the problems, no inflation, no rent control, and thirdly, no stringent zoning. Knock down all three of those walls and instead, now what have you done? You've encouraged a bunch of builders to come into a market. You've encouraged competition. And what does competition do? It increases quality and it yeah, lowers prices. So cure the problem by knocking down the walls. You know, you as a landlord, I don't even think that there should be laws that say that you have got to charge every ten at the same rent amount. Yeah, and that is even if each one of your tenants has seemingly an identical unit, say, in a fourplex building. Keith Weinhold** ((00:05:04)) - - Now I'm on different fourplex buildings and I have most everyone like throughout history, I've had just about every tenant paid different rent amounts in the same building, even though all of the units were built at the same time and had the same square footage. Now a real estate investing newcomer, you know, they might think that that sounds unfair, that these tenants with basically identical units paying different rent amounts. But we all know how it works in practice, in real life. I mean, one of those four tenants might have the front unit with the best views, while the tenant with the best view. Well, of course they're going to be willing to pay more for that unit. Well, that right there, that's free market supply and demand. The fourplex unit with the best view will rent out faster and for more. But instead of that arrangement, if it's mandated, say, by the government that everyone in the building must pay the same rent, say that each of the four units must pay exactly $2,000. Keith Weinhold** ((00:06:07)) - - Oh, well, then the tenant with the worst view, which then has less benefit to living there, has to subsidize the tenant with the best view that already has the best benefit of living there, because they must all pay exactly $2,000. And then what about things like several months from now? Say you have a vacancy at Christmas. Well, it's hard to get a tenant to move at Christmas to get them in there. So you'll charge a low rent just to get someone in there then. Versus how you charge more now in summertime, because tenants demand units, a lot of them want to get settled in during the summer before the school year starts. What about a tenants living in your fourplex or rental single family home for five years, and their unit hasn't been painted or renovated in a while, and the tenant has seen you already. Well, they're probably going to pay less then a new tenant will in there say freshly painted unit. So my point is that even making every tenant of one individual fourplex building have to pay the same rent amount. Keith Weinhold** ((00:07:10)) - - Well, that is a form of rent control and that is actually unfair if they all have to pay the same rent amount. The free market is what's fair and enables a system of rent price discovery, instead of being confined and oppressed under rent control. Now here, the Freedom Fest in Las Vegas and we'll discuss the conference more. Today I attended one panel discussion. It was called How the Government Created the Housing Crisis and what we can do to Fix it, And it really gave specific solutions to provide more housing. This includes things like stop mandating a minimum square area for parking spaces. Stop mandating such large lawns. Instead, people can share a public park and relax the requirements that have so many easements out of property. Well, all that stuff is zoning in its stifles development and it leads to higher housing prices. Now, I maintain that not all zoning is bad. I don't think that you want a housing development surrounded by factories with smokestacks. So it's about relaxing zoning in the right way and promoting the right policies, like the benefits of a yimby movement. Keith Weinhold** ((00:08:27)) - - Yes, in my backyard. Removing off street parking mandates altogether and allowing more ADUs allow Single-Family homes on smaller lot sizes. And we've already seen some of that. We're seeing home builders do more of that. They're building single family homes closer together, smaller lot sizes. But a lot of the wrong strategies exist out there. And once people get the benefits, like the beneficiaries of these wrong strategies, I mean, they don't want to give them up. Like New York's rent stabilization program that gives rent breaks to wealthy New Yorkers that also have a pricey home out in the Hamptons. Well, that's not the right policy. That's not helping the people that need it most. And you know, when the wrong policies infiltrate a market, the reaction can be amazingly rapid. I mean, how rapid? Like, do you think you would see a construction project literally halt mid construction? Yeah. You actually can like construction cranes just stop swinging. In Saint Paul, Minnesota, you saw construction cranes stop mid-air mid construction. Keith Weinhold** ((00:09:38)) - - When Saint Paul moved toward a rent control of no more than 3% annual rent increases. Well, that's a form of rent control. When that happens, building stops because the developer knows that people don't want to buy those units or invest in those units or rent those units. And I've got more to discuss on housing shortly, but let's bring in the very founder, host and producer of Freedom Fest here. He has been named as one of the top 20 living economists in the world. Doctor Mark Skosan and you will hear some background noise in these conference interviews. We are at a conference at times. We're in the exhibit hall now. Interestingly, here with Mark, I bring up with him how much I dislike these political labels that just divide the nation. I mean, don't you agree that it would be great if the nation were less divided? Yes, we all would. Well, we can do our part by avoiding saying words like red and blue and oh, you know, I can't stand those maps. Keith Weinhold** ((00:10:44)) - - Then you see, I've mentioned this to you before. You see these maps in political season that show where the red states are and where the blue states are. I mean, how divisive and polarizing that is not unifying in the United States of America. The fact that this conference has a non divisive founder like Mark Skosan is what attracted me here. Sure enough, here you'll hear me tell him how much I appreciate this. This was prescient because the very next day after this interview that you're about to hear, that was the assassination attempt on former President Donald Trump. Hey, it's Keith Reinhold here. I'm at Freedom Fest with Freedom Fest host and founder Mark Scott. And thanks for having us here. Yeah. My pleasure, my pleasure. Thank you for coming. Well, I've got to tell you one reason that attracted me to this conference. I was concerned that it was going to be too politically partisan. And I respect you so much, because I know you have said that in most of all the books you've read, you've avoided these labels like liberal, conservative, left, right, red, blue, yes, progressive, conservative and all that. Keith Weinhold** ((00:11:58)) - - So that's what I'd like hearing when we talk about this conference championing principles of freedom and liberty. What does an American really need to know about freedom and liberty that's under attack today? Mark Skousen** ((00:12:09)) - - I think what we've tried to preach is the Adam Smith model, which you call the system of natural liberty. And what that meant was under the rule of law and justice and a robust competitive model. You've maximized the freedom of choice, freedom to choose your own work, your own business, how much salary you're going to charge or wages you're going to pay, whether you can hire or fire people. So within those rules, within those guidelines, you have maximum security. But in today's world, more and more everything, it's either being prohibited or mandated. So we're being squeezed from both sides. The idea of freedom of best to maximize freedom is for us to come together and find out what are the best solutions to improve our lives is the idea. So we talk philosophy, history, science and technology, healthy living, economics, politics. Mark Skousen** ((00:13:05)) - - It's all part of the program here. But it's not just a political conference. Keith Weinhold** ((00:13:08)) - - Part of this is lowering the guardrails and promoting free markets. The only thing that we've all seen happen in free markets is inflation, oftentimes ironically, created by some of those forces that put guardrails in place. So what does an investor there are a lot of investors here. Oh yeah. What does an investor need to know with regard to inflation today. How can the everyday person respond. Mark Skousen** ((00:13:33)) - - So one thing is we have a whole section on financial freedom because without financial freedom you're limited in what you can do and your influence that you can have. So this is very important. We live in an era of permanent inflation. Since World War two we've had permanent inflation. We didn't used to, but now we do because we're off the gold standard. We've adopted Keynesian economics, which means deficit spending all the time. We have adopted the dollar rather than gold. So we've lost that discipline. The fed is the engine of inflation. And they even have a policy of a minimum of at least 2% inflation rate. Mark Skousen** ((00:14:10)) - - We had a whole session. Actually Steve Forbes wasn't there, but Nathan Lewis is co-author of in the book inflation. We had a big session on what are the best inflation hedges. So we talk about gold and silver. The stock market, Bitcoin rallies, high bonds, real estate. We had all of those discussion. And that was the great thing about Freedom Fest is that you really do get answers and best solutions. At our conference, I attended that particular. Oh you did? Yeah. Keith Weinhold** ((00:14:38)) - - From Freedom Fest. Mark Skousen** ((00:14:39)) - - I've really. Keith Weinhold** ((00:14:40)) - - Enjoyed this. Mark Skousen** ((00:14:41)) - - So far. We have an exhibit hall. Keith Weinhold** ((00:14:42)) - - Which happens to be right. Oh yeah, we have breakout sessions that attendees can go to for the sessions that particularly interest. There are then a big general session where I've enjoyed presentations from Robert Kiyosaki to Ice-T. What is the future potential for getting Fest attendees? What would you like to tell them about what this conference entails? What they can. Mark Skousen** ((00:15:03)) - - Expect in the. Keith Weinhold** ((00:15:03)) - - Bank that they can. Mark Skousen** ((00:15:04)) - - Get? Well, one of the things is just the wonderful camaraderie that you feel, the buzz that you feel the meeting of like minded people who are all trying to seek best solutions rather than labels and attacking people. Mark Skousen** ((00:15:18)) - - And, we have the presidential debate here, for example. Well, we have all the third parties come together libertarians, the Constitution Party, the Green Party. We have RFK coming. The two major parties decided not to come. So, so much for their belief in democracy. But the idea is there's a there's something for everybody here. You want to improve your lifestyle, you want to prove your financial situation. You want to have better clarity on what is the proper role of government. Read about this A conference for you. This is an annual event that we usually have in the summer in Las Vegas and then other cities, and it's only 3 or 4. You know, we live busy lives, so can we come together once a year to learn to network, to socialize and celebrate liberty? I think we can if we plan ahead. When we. Keith Weinhold** ((00:16:06)) - - Drop these labels, we can get a clear download of sorts, remove filters. Mark Skousen** ((00:16:11)) - - And think. Keith Weinhold** ((00:16:12)) - - Clearly. And this is a largest gathering. Mark Skousen** ((00:16:15)) - - Of. Keith Weinhold** ((00:16:15)) - - Free minds. So for Mark Skelton I'm Keith Weigel. You heard Mark Skelton mentioned the presidential debate at Freedom Fest. I watched quite a bit of that. More on it later. Gray Investment coach narration is here in person with me at Freedom Fest. Coming up, he and I give you a download of some policy and real estate investing highlights that you can learn from. That's straight ahead. I'm Keith Reinhold, you're listening to get Rich education. Hey, you can get your mortgage loans at the same place where I get mine at Ridge Lending Group Nmls 42056. They provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your prequalification and chat with President Ridge personally. Start now while it's on your mind at Ridge Lending Group. Com that's Ridge Lending group.com. And Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. Keith Weinhold** ((00:17:28)) - - If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out, instead of earning less than 1% sitting in your bank account, the minimum investment is just 25 K. You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor, to earn 8%. Hundreds of others are. Text. Family to 66866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866. T. Harv Eker** ((00:18:23)) - - This is the millionaire mind trick. You're listening to the powerful get Rich education with Keith Weingarten. Speaker UU** ((00:18:29)) - - Don't quit your day dream. Keith Weinhold** ((00:18:39)) - - Hey, we're here talking about Freedom Fest, and I'm doing that alongside gray investment coach. The race. Hey, welcome in the race. Hey, Keith. Keith Weinhold** ((00:18:47)) - - We are here in real life at Freedom Fest in Las Vegas, Nevada. And what Freedom Fest does is it promotes and champions the ideals of freedom in the United States, and it includes a bunch of guest speakers that have made appearances here that you got to see in person, from Ice-T to Robert Kiyosaki to a bunch of presidential candidates as well, sometimes not championing principles of things like freedom and tolerance and liberty and tyranny. And I think anyone can agree to freedom on a this basis. But when you think it through and where the discussion really begins is, oh, well, if you have freedom, does that mean you should be free to do anything at all that you want? Probably not. And that's quite a discussion or tolerance. That's an ideal. That sounds good, but oh does that mean you should tolerate absolutely anything? No probably not. So that's where a lot of the interesting policy decisions and a lot of the interesting debates come in here in the race. And I attended some of these presentations together and other ones separately. Keith Weinhold** ((00:19:53)) - - So we have some different perspectives on what we've learned here at Freedom Fest. Grace, why don't you tell us about some of the good takeaways that you had? I had a lot of good takeaways, Keith. Mark Skousen** ((00:20:03)) - - This is not just about freedom in the United States. It's about freedom around the world. And you even interviewed and I believe we're playing that interview soon. If you haven't already played it yet, you interviewed probably the freest nation in the world. It's a brand new nation and it's called liberalism, like liberty, land libre land in Europe. And it touts itself as the freest nation in the world. So there have been all sorts of topics happening or talked about from business, finance, economics, real estate, crypto, bitcoin, gold to non-business and financial topics, which I actually found more interesting simply because. Keith Weinhold** ((00:20:46)) - - Most of what I listen to and what. Mark Skousen** ((00:20:48)) - - Is business finance econ. I wanted something a little bit different, especially as a father of two young boys. There were topics on gender and sexuality. Keith Weinhold** ((00:21:01)) - - And. Mark Skousen** ((00:21:02)) - - Vaccinations being the vaccinated versus unvaccinated. Robert F Kennedy was the keynote speaker at this conference, and he's a major presidential candidate. Keith Weinhold** ((00:21:12)) - - RL Jr RFK. Mark Skousen** ((00:21:14)) - - Jr. Even though he's not part of a major party, he's probably the most popular third party candidate over the last 30 years, so he's a candidate. There were lectures on healthcare. Keith Weinhold** ((00:21:28)) - - And. Mark Skousen** ((00:21:29)) - - How to be a better patient. And hold your doctor and hold the healthcare system accountable. The other aspect of this conference is there are some heavy hitters just walking around freely. Like I met Matt Ridley easily, I met Robert Kiyosaki, just he was dressed in very casual clothing to where people didn't even recognize them. And I did and told him how much I appreciated him. You know, you and the great podcast and huge inspiration for me. Yeah, people like Kiyosaki walking around freely, presidential candidates walking around freely, many third party candidates, not just RFK. He wasn't walking around as freely. He was in and out pretty quickly with really heavy security. Mark Skousen** ((00:22:09)) - - But you had other third party candidates, like the Libertarian Party candidate and the Green Party candidate walking around freely. I ran into Vivek Ramaswamy, his campaign manager, while getting pizza. We are both standing in line getting pizza. We ended up having about almost a two hour lunch. One day talking finance business Vivek's policies his future. So overall this conference very educational, inside the classroom, very beneficial outside the classroom. We're going to bring some guests on the great podcast. We met at this conference, publicists who we met at this conference who represent good guests, some business development opportunities, maybe some not just good guests, but people who we would recommend their newsletters, maybe even outside of the real estate industry, people, contacts within the real estate industry. So it's not all about what you learn in the classroom. It's also about who you meet, the networking, the business development. Overall, just a really, really successful experience. There were a few. Keith Weinhold** ((00:23:11)) - - Shows that snagged me as a guest while here as well. Keith Weinhold** ((00:23:15)) - - I'm talking about American freedom here chiefly. But you did mention Lebanon, a startup nation between Croatia and Serbia. That's seven square kilometers in area. You know, I think there are a lot of people at a conference like this and just anywhere in society where if you ask them, well, hey, if you think you could run the nation better if you were starting it all over again, how would you start a nation from a clean slate and actually got an opportunity to do that? Well, I'll be interviewing the president of Lebanon here, where this country is trying to seek recognition from any nation. They want to start their own country, and they want to do freedom and really begin a country of their rights. Mark Skousen** ((00:23:55)) - - And see is, is is. Keith Weinhold** ((00:23:57)) - - Is is. Mark Skousen** ((00:23:57)) - - Bitcoin I think not just crypto but it's bitcoin. And it's interesting because you hear a lot of times you don't like the country that you live in, go somewhere else. These people took it to a whole new level and said, well, we're just going to start our own country. Mark Skousen** ((00:24:10)) - - And and it's about three square miles. So it's about the size of the area that I lived in. Tampa, not even Tampa, just almost the neighborhood that I live in, Tampa. So it's not a huge country, but it's interesting talking to them. And as you'll hear in the interview, hearing about what it's like to start a new country and there's a lot that you have to go, you know, there's a lot of fundraising if you want to call it that, that you have to do. It's it's a lot it's bigger than the business. Keith Weinhold** ((00:24:37)) - - You'll learn more about that on an upcoming episode of the show with the nation of Berlin. I attended a presentation called A Forgotten Solution to the Housing Crunch. Most people think of real estate development is either single family homes or multifamily properties. This espoused the building of light touch density of 2 to 4 unit properties, and how that increases the density. But it maintains character. And they showed an awful lot of photos in the presentation where from a street, a four unit building can actually like a single family home when it has the right design and therefore you don't get this NIMBYism pushback. Keith Weinhold** ((00:25:16)) - - I saw a number of smart design examples of that. And you know what this does? Will this help keep the cost of housing down in an area? What it allows for in a society is it allows the children who grew up in an area to afford the housing there without being priced out. Also called this multifamily missing middle 2 to 4 unit housing. You don't have the NIMBYism pushback that you do with multifamily housing. There are an awful lot of opinions here about people that want to avoid rent control, about how that's typically the bad policy. And many likened rent control to bombing American cities over time because landlords don't have an incentive to improve anything. So rent control is not a good solution to increasing the housing supply. And a lot of the discussion was how you get politicians to say no to rent control, sharing with them. Cato Institute studies on how the free market really makes for a higher housing supply, because that makes developers want to come into the market. And it was noted in one of the panel discussions about rent control and about providing more affordable housing. Keith Weinhold** ((00:26:27)) - - But if there's a four unit building of owners of all four units of that building, how that's deemed as less threatening than if there's a four unit building of renters. Mark Skousen** ((00:26:38)) - - So question for you, the housing panels that you attended were these people, were they private investors or they worked for private equity companies? I think maybe a documentary filmmaker who does real estate documentary, what was their background? Keith Weinhold** ((00:26:50)) - - Think tanks and yes, a documentary filmmaker of a film called Shabbat Vacation. And I did not get to see the film about the perils and ills of rent control on Shabbat vacation. But I talked with one of the people that worked on the project and basically that movie. It does glorify the landlord that was brought up. And typically in popular culture, you don't glorify the landlord. I mean, the landlord is kind of the beleaguered party in this, and it was critical of rent control there. And so it's helping to spread an awareness of how that really doesn't help the housing supply. Quantity work quality over time. I attended another presentation. Keith Weinhold** ((00:27:33)) - - It was called Homelessness California versus Texas and Homelessness. Of course, it's a multifaceted problem. There are a number of reasons that it occurs, but they really brought up that it often results from the loss of family connection a lot more often than what some people think. And it really brought to light that Houston has a lower proportion of homelessness in L.A. and San Francisco does. What are the reason this that that is the case. And that is because Houston has a lower proportion of homelessness, because it's a lower cost to build there, and Houston has way fewer zoning requirements, you see, almost like a hodgepodge of building across Houston. You have substantially less NIMBYism in Houston. You just have a culture there that doesn't push back on buildings. So those are really some of the key parallels between why the homelessness crisis is worse in California than it is in Texas. In most places, Austin actually has policies that are so agricultural to the rest of Texas, giving Austin a somewhat higher homelessness rate. Mark Skousen** ((00:28:38)) - - Wow, that's a lot of real estate content that you got there. Mark Skousen** ((00:28:42)) - - Anything else? Keith? Keith Weinhold** ((00:28:44)) - - Another presentation I attended was called Permanent Rising Prices. What are the best inflation hedges? And, you know, for a while they didn't even put real estate up there as one of them. And I was almost foaming at the mouth getting ready to ask a question. But they did bring in real estate at the end. When it comes to inflation. Many of them brought up the fact that we have multi-trillion dollar deficits even when we're in good times. I had never thought of it that way before. If most people would look at the history of the world and what's happening with the nation while they're running multi-trillion dollar deficits, they probably think that they're trending toward poverty and austerity. But that's not the case. This is what's happening in good times. And politicians, they really don't run on a platform of reducing our debt. You notice that none of the politicians do that. Instead, you see politicians run on platforms like immigration or the housing shortage or abortion. But, you know, politicians, they don't run on a platform of reducing our debt. Keith Weinhold** ((00:29:42)) - - And that's because they all see it as a problem that they didn't create, and they don't really want to work their way out of it either. So that's why it doesn't come up. Also, with the best inflation hedges, they showed the rank of asset performance for the last 200 years of five items stocks, bonds, treasury bills, gold and the dollar. And really it was coming down to two guys debating on whether stocks or gold were better. They both made their case either way. And they didn't bring in real estate until the end. But when they brought in real estate, they broad brushstroke and do what so many do, and they just looked at it as an asset class in what is its capital appreciation over time. Yeah. And you know, they didn't separate out income property as its own class like we would. But some of the panelists, they did not like real estate. They talked about how it's not liquid, about how you have to borrow funds, about how there's a maintenance burden and a repair burden with real estate, and you have tenants and management and some things like that. Mark Skousen** ((00:30:40)) - - Fair, all fair. Keith Weinhold** ((00:30:41)) - - All fair points. And one panelist brought up that gold has outperformed the gold mining stocks just historically over time. So those are some of the inflation hedges and some of the other issues with inflation that you don't think about very much as you have policy advocates and politicians addressing. Mark Skousen** ((00:30:57)) - - Well, I'll say gold mining stocks and most traders will tell you traders by gold mining stocks, not investors. So gold mining stocks are meant to be held over the short term. They are not meant to be held over a long period of time like physical tangible gold is. So for people to say, oh yeah, gold outperforms gold stocks over a 30 year period. That's true. But most people are buying gold stocks Like gold mining, stocks are only holding over a short period of time. Keith Weinhold** ((00:31:29)) - - Well, housing and inflation were such widespread themes here since it has been such a problem, much of it wrought by the pandemic. As we wind down here summarizing what we've experienced at our first Freedom Fest, for each of us, have any last thoughts with respect to housing and inflation since they were such overarching themes? Mark Skousen** ((00:31:49)) - - Well, the common theme here at Freedom Fest was government got out of the way because if you let the free market work itself out, if you let people be, people work themselves out. Mark Skousen** ((00:32:01)) - - But the onus on people to take personal responsibility, that in and of itself solves the inflation problem because you don't have government restrictions, government mandates, and And this was a major topic and that was the lockdowns of 2020. The mandatory vaccine mandates of 2021, those were all inflationary because when you have people fired from their jobs or dropping out, quitting their jobs because they didn't want to take this job, that means prices are higher and lower. Workforce means you have to pay the whoever is there higher wages. And that's what ended up happening. So it's not just about dollars and cents. It's something as simple as getting a job caused inflation. And ultimately when inflation goes up, of course that's going to affect rents, that's going to affect housing. There was a major savings rate, which I'm sure you covered in 2020, where people were saving money, being locked down at home. And once things started opening up, that money was spent and that created inflation. And people, as soon as they could get out of their house said, hey, I want to move to Florida, or I want to move to Texas or Utah or where we are here in Nevada. Mark Skousen** ((00:33:10)) - - And that's why housing values exploded. So the inflation was caused by government. It wasn't just the government spending. It was actual psychological and physical things that the government or the policies of the government did that created an inflation. The government spending, the low Federal Reserve interest rates are just a piece of the pie, or they're just a couple of pieces to the pie. And so it was interesting to learn that all these other areas, all these other, like I said, policies that the government enacted. And that's what Robert F Kennedy Jr, RFK, talked about in his keynote speech. All of these policies affected the purchasing power of our dollar. Keith Weinhold** ((00:33:53)) - - We have all had more dollars chasing fewer goods and services, one of those being housing itself. Hey, it's been great to meet up here in real life at Freedom Fest this year in a race. I appreciate you sharing your thoughts. Thank you Keith. I'm great. Yeah. Narration I enjoying freedom Fest here. Oh, there's such a wide variety of vendors and viewpoints all around this concept of free thinking, typically with getting government out of the way. Keith Weinhold** ((00:34:29)) - - In fact, in the exhibit hall, which is right across from where the speaker discussions are, there are booths for gold, real estate, cryptocurrency stocks, a dating app for unvaccinated people, self-directed IRAs, a program for teaching capitalism to school children. There is even a book that espouses biblical capitalist virtues. And then elsewhere in the exhibit hall, atheist virtues. There was also a promoter of a currency called the Nevada Gold Back, and what it is is 1/1000 of an ounce of 24 karat gold. And it is physical like gold back. It looks sort of like a dollar bill, just much, much more in the exhibit hall. Now, one concept that I did not hear any criticism about was Trump tariffs. Tariffs are not free market. In fact, it's akin to erecting a trade wall. And maybe there is a session about it. But there are many sessions going on concurrently and I can't attend them all. And in other sessions I was asked to be a speaker and was interviewed. Like you heard. Keith Weinhold** ((00:35:45)) - - Doctor Scholes had mentioned there was a presidential debate here. Now the two major party candidates didn't attend. I watched RFK Jr speak here, an independent candidate, and he was not in the presidential debate, though he spoke separately in the security for RFK Jr was formidable, even though he spoke the day before the Trump shooting. The presidential debate was among three different parties. It was Jill Stein at the Green Party, Randall Terry of the Constitution Party, and Libertarian Party candidate Chase Oliver, who is a particularly bright, articulate guy, and most or all of those candidates, they agree that we should end the Federal Reserve. And the presidential debate, interestingly, was moderated by Congressman Thomas Massie, who has more formally proposed ending the fed outside of the presidential debate. I also attended a different session. It was a Bitcoin debate called Will the Bitcoin bubble ever burst? And you had two guys promoting and talking about the virtues of Bitcoin. And then you had two guys criticizing Bitcoin. And one of the two bitcoin critics was Whole Foods founder John Mackey. Keith Weinhold** ((00:36:58)) - - So this really got interesting. Now I like a lot of the benefits of Bitcoin personally, but I must say in this particular debate the Bitcoin critics decide that Maggie was on. Oh they won this. The proponents best points were the people back in the day said electricity in the internet word feasible. They weren't going to last, but electricity and the internet won and Bitcoin will to the pro camp also espouses that Bitcoin is the first time we've had absolute digital scarcity. You cannot copy and paste bitcoin, but yeah, the critics did a better job. They said that Bitcoin is always made future promises, but it falls short like its awful acceptance rate as a currency. Still today its price levels are dreadfully volatile, just miserably volatile. You can't count on it then as a store of value. John Mackey said that Bitcoin produces no goods, no services and no cash flow. The Bitcoin critics also asked more than once this question how has Bitcoin made anyone's life simpler, easier or better? There really weren't any good answers to that question, and they even critiqued that with its fixed supply at 21 million will, then it cannot grow with the economy. Keith Weinhold** ((00:38:21)) - - And then what this can do is create deflation and depression. And I would like to adhere myself that each Bitcoin is already divided into 100 million tiny pieces called satoshis. And it might be able to be divided smaller than that eventually. But yeah, the Bitcoin critics won. It is quite a win for bitcoin, in my opinion, that this nascent digital asset that was only worth a few pennies 15 years ago when it came out, I mean, it was something that only cryptographers and digital geeks understood. Well, today you've got presidents discussing bitcoin. So it's certainly had some success just in branding and name recognition alone. That is just about a wrap from Freedom Fest this year here in Las Vegas, there were record breaking temperatures outside in the Mojave Desert in the middle of summer. Inside, it was a celebration of ideals like life, liberty, prosperity, and of course, freedom. Until next week, I'm your host, Keith Wendel. Don't quit your day, dream. Speaker 6** ((00:39:35)) - - Nothing on this show should be considered specific, personal or professional advice. Speaker 6** ((00:39:39)) - - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss the host is operating on behalf of yet Rich education LLC exclusively. Keith Weinhold** ((00:40:03)) - - The preceding program was brought to you by your home for wealth building. Get rich education.com.
Fox News contributor, podcast host, and Freedom Fest emcee, Lisa Kennedy, joins Del live from the Freedom Fest to discuss why this event is so important right now. Hear her take on why personal freedoms in the US have declined since COVID and what it means to be a Libertarian in the current political climate.
LP Presidential Candidate Chase Oliver joined Nate at FreedomFest. https://x.com/ChaseForLiberty https://votechaseoliver.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Episode 380: LIVE FROM FREEDOM FEST ‘24Del Reflects on a Recent Historic Congressional Hearing for the Medical Freedom Movement; Jefferey Jaxen Reports on Increasing Opposition to Transitionig Children, and The Free Speech Recession; Is Biden's Decline Linked to the Shots? The Science Is Compelling; The Unexpected Key to Success and the future of the dollar; Fox News Star and FreedomFest MC Joins Del; Historic Admission From Top Vaccine Scientists Bring ICAN's Fight Full Circle. Guests: Lisa Kennedy, Robert Kiyosaki, Jefferey Jaxen
Nate returns from FreedomFest to run down the facts surrounded the attempted assassination of Donald Trump. Links: https://bit.ly/gmllinks Watch GML on Youtube: https://bit.ly/3UwsRiv Check out Martens Minute! https://martensminute.podbean.com/ Join the private discord & chat during the show! joingml.com Enroll in Constitution 101: the meaning and history of the US Constitution or one of the many other great FREE courses at hillsdale.edu/GML Get your complimentary bottle of Nugenix by texting GML to 231-231 Monetary Metals offers A Yield on Gold, Paid in Gold® https://www.monetary-metals.com/GML Protect your privacy and unlock the full potential of your streaming services with ExpressVPN. Get 3 more months absolutely FREE by using our link EXPRESSVPN.com/GML Learn more about your ad choices. Visit podcastchoices.com/adchoices
When truth is treason in the empire of lies, sometimes it takes a court jester to say what everyone else is thinking. Matt Kibbe catches up with actor and comedian Rob Scheider at 2024's FreedomFest in Las Vegas, to talk about how the formerly apolitical comic felt compelled to come out as a warrior for freedom purely by virtue of the fact that no one else would. Schneider is a reluctant intellectual, who would rather be making movies than talking politics, but he also believes that there comes a time when silence is a betrayal. In the wake of totalitarian COVID lockdowns, censorship, endless wars, and an increasingly corrupt political process, comedians may just be the ones who wake us all up.
Asset prices are near all-time highs for almost everything: real estate, stocks, gold, bitcoin, and more. This is because in a wave of high inflation, investors chase yields. Legendary investor Jim Rogers joins us. Jim gives dire warnings about US debt levels. Meet me and one of our Investment Coaches in-person at FreedomFest in Las Vegas, July 10th to 13th. I put $1T into perspective. A trillion seconds ago was 31,700 years ago. That's when neanderthals roamed the plains of Europe. The dollar is a monopoly. The US government has no competition for their product, the dollar. Jim Rogers believes that higher inflation and interest rates are here to stay. He says: “Before this is over, interest rates in the US are going to go much, much higher.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold Complete episode transcript: Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. I'll tell you about a chance to meet me in person. Then we're joined by a renowned and legendary investor for his sage like wisdom on how you should respond to record US debt levels for forecast the future direction of inflation and interest rates, plus a taste of the Singapore real estate market today and get rich education. Robert Syslo (00:00:27) - Since 2014, the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Weinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich Education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps. Robert Syslo (00:01:02) - Build wealth on the go with the Get Rich Education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com. Corey Coates (00:01:13) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold (00:01:29) - Welcome to GRE. From Sydney, Australia, to Sydney, Nova Scotia, Canada, and across 188 nations worldwide. I'm Keith Weinhold and you're listening to Get Rich Education. Why are our values of almost every asset so high? Well, one reason is because we've had that high wave of inflation. When that happens, savvy investors, people just like you, they ensure that money must flow into assets. And that's because you seek a real return above and beyond inflation. If inflation were low, investors wouldn't have to chase yields this way. I've got more on asset values in a moment. But first, on today's guest, legendary investor Jim Rogers, who will hear from as a returning guest here soon in early 2019. So more than five years ago, he told us right here on the show that interest rates are going to go much, much, much higher over the next few decades and that is going to ruin a lot of people. Keith Weinhold (00:02:32) - In fact, let's listen into that. Here it is. This is from get Rich education podcast episode 224, which you heard here in January 2019. This is Jim Rogers. Jim Rogers (00:02:43) - And interest rates are going to go go much, much, much higher over the next few decades. And it's going to ruin a lot of people. Keith Weinhold (00:02:50) - And then from there, he went on to tell us at that time, rising interest rates will set in for a long time. And this was back when the fed funds rate was just half of what it is today in mortgage rates were 4.5% back there in early 2019. So Jim Rogers made that firm prediction even before we knew about Covid. Then. And on that episode, we talked about getting your debt and locking it in. And then two years later in 2021, he was back here on the show to warn us to expect high inflation. Well, we sure got that too. And as you listen to Jim Rogers on today's episode, consider that, you know, he just often speaks with this sort of, I suppose, nonchalance that I think can make it easy to dismiss what he says. Keith Weinhold (00:03:46) - But don't do that because countless people have benefited from his guidance for decades. Just like I hope that you do today in the real estate world. Now, agencies agree that the national year over year home price appreciation rate is 6%. That's today per the FHFA, the NAR and Case-Shiller 6% home price appreciation. What about rents? Today, Single-Family rents are up 5%. Nationally, multifamily rents up 2.7%. So why are Single-Family rents growing faster than multifamily rents? Well, it's partly because 2023 saw the biggest surge in new apartment supply since 1987. Yes, that's back when Madonna was the hottest music artist and Reagan met with Gorbachev. But there's less apartment construction this year, so expect a lot of that to get absorbed. Available inventory of Single-Family Rentals is going to stay more scarce than apartments for quite some time, but long term they both expect to be in really great shape. Residential rental demand is sustainable now. Back in 2022, available single family home inventory that was an astoundingly paltry one quarter of what was needed. Keith Weinhold (00:05:20) - Well, now it's up to half. Some inventory has definitely been added. In fact, I was recently on television being asked about that. But this still means that demand handily exceeds supply. There's not nearly enough housing, especially on the single family end. And what about those perpetually just around the corner, always, constantly just around the corner, fed interest rate cuts. They keep getting delayed beyond a lot of people's expectations. Well, per the CME's Fed Watch tool, here is the chance given of when the first rate cut will occur by the end of July. 10% September 60th 4%. November 70th 7% December 90th 3%. You know, personally, I think the chances are lower than all of those currently inflation's at 3.3%. But here's the thing. Even when it hits the Fed's target of 2%, that doesn't mean that rates must be cut. All right. That's a reality that a lot of people seem to forget. Now here on the show, not after every quarter, but sometimes when a quarter ends, just like one did a week ago, we take a quick look at other asset class moves outside of real estate in order to get a relative perspective. Keith Weinhold (00:06:43) - Some comparison here. If you're listening to this episode ten years from now, this is really going to help mark this era for you to is we do have many listeners that listen to every single episode. The 30 year mortgage rate is near 7%. Now, all these next figures are year to date through the first half of the year. So this is just the performance of the first half. Stocks have soared. The S&P is up 15%. One way that US stocks changed last quarter is the trades are now going to settle faster. Investors will see their purchases and sales finalized in just one day instead of two. Gold is up 13% to over 2300 bucks. Bitcoin up 44%, oil up 16% to $82. And again, that's performance for just the first half of this year. The world's three largest companies Apple, Microsoft and Nvidia have a combined value of over $9 trillion. Now, a company's total value is known as its market cap, and that is simply found by multiplying share price and shares outstanding. By comparison, all the gold in the world is worth 15 trillion. Keith Weinhold (00:07:54) - Hey, if you're familiar with an event called Freedom Fest, I have some cool news for you. It's an annual conference that. How would I describe it? Well, I haven't attended it before, but there you can learn to expect more about free thinking and ideas about the size of government. Well, it starts in two days. It's July 10th to 13th in Las Vegas. You can meet one of Gre's investment coaches in person there and you can also meet me. Yes, we'll both be there. If you see us, be sure to say hi. We'd both like to meet you. Hashtag IRL in real life, some of the Freedom Fest speakers include our frequent great guest, Robert Kiyosaki, as well as some other guests that you've heard with me here on the show. Also, Steve Forbes, Iced Tea, the comedian Rob Schneider, Nevada Governor Joe Lombardo, Whole Foods founder John Mackey and the congressman that wants to end the fed, Thomas Massie and more. They're all speaking. So yes, not a lot of notice, but if you're going, it's a way to meet me in real life, perhaps just in a casual way, in two days at Freedom Fest. Keith Weinhold (00:09:08) - Well, it is public information that the net worth of this week's guest is $300 million. He's been influential for a long time. Let's talk to legendary investor Jim Rogers. This week's guest needs a little introduction. He is a legendary business and investing mogul of our time. He's a Yale educated, prolific author. He co-founded the Quantum Fund, and he even has his own commodities index and ETF. He's also a prolific traveler. He wrote a very well known book about his world travels, visiting some 116 nations. Hey, welcome back to gray. It's Jim Rogers. Jim Rogers (00:09:51) - I'm delighted to be here. Okay, let's get rich. I need to get rich. I want to get rich. Keith Weinhold (00:09:56) - Hey. Well, your guidance helps us do that. That's why you're here. And Jim is joining us remotely from his home nation city of Singapore today. And it's always interesting syncing up our times of day here. Jim, where to begin? You've been with us here. I think this is the fourth time you're here and about the last five years, and we're at a time when asset prices of seemingly everything are near their all time highs, maybe even in their inflation adjusted all time highs in some cases. Keith Weinhold (00:10:25) - What are your thoughts with asset price levels? Jim Rogers (00:10:29) - Keith. You it's very perceptive of you and insightful. Yes. This is one of the few times in world history that I know about where nearly everything is making new eyes. I think China is probably the only country. It's not making new eyes, but nearly everything else is. Now it's wonderful. It's great. A lot of people are having a lot of fun, but unfortunately, I've been around long enough to know that when things get this good, when everybody's having so much fun, we're getting closer to the end. I am not selling short or anything yet, but I see the signs that this is going to come to an end, as it always does, and it's going to be a mess. And the reason this is going to be a big mess this time. You remember what happened in 2008 because of too much debt each. That's 2009. The debt everywhere has skyrocketed. I mean, even China has a lot of debt now. China bailed us out before, but everybody has a lot of debt now. Jim Rogers (00:11:31) - Maybe not North Korea, but everybody else does. Keith Weinhold (00:11:34) - And that sure includes us. I mean, we have these asset prices at all time highs. Yet here we are, still the largest detonation in the history of the world in the United States now at 35 trillion. And we're spending dollars on others wars, something that we couldn't say when you and I talked a few years ago. The biggest line item of our national budget anymore is about $1 trillion in annual interest payments alone in. Jim, we're really on this course now where soon the US annual tax receipts won't even cover the interest payments on our debt, and we may have to borrow just to pay the interest. So where do we reach the breaking point here? With this world in debt led by the United States? Jim Rogers (00:12:20) - You one makes some very good points. Unfortunately. I wish you didn't. I wish you couldn't make those points right. It's simple arithmetic. Just look at the numbers. And the numbers you recite are just what they admit, what they write. Jim Rogers (00:12:34) - There's a lot of off balance sheet debt that they don't even talk about. I mean, the numbers, if you try to get out of pencil on a piece of paper, you will realize that the market can never pay this debt. Never. Countries that have gotten into this situation in the past have had big problems. Now it's a good time to be an old American. I don't have to worry about all this for too many years, but I have young children. Oh my gosh. The problem is that their country is going to face in their lifetime. I was staggering. You look back at previous countries that have done this kind of thing. In the 19 to 100 years ago, Britain was the richest, most powerful country in the world. 50 years later, it was bankrupt. IMF had to fly to London and pay their bills. It wasn't fun. It was terrible what Britain went through. But other countries have done the same thing. Maybe we don't like what I'm saying or what's happening, but just read the history and you will see how it winds up. Jim Rogers (00:13:38) - I certainly don't like it, but I have to deal with facts. If I don't deal with facts, I'll go bankrupt. To which I don't want to do. Keith Weinhold (00:13:48) - Yeah, sometimes let's laugh to keep from crying. Right? When you talk about how certain government figures are just what the government is willing to admit to, I think that's the right lens to look through. When you look at any government figures. Well, at least that's the part that they're willing to admit to. It's interesting that they're willing to admit to this is interesting that they're willing to admit to 9% inflation like we peaked at two years ago. But when you talk about the future and this huge debt load and children or grandchildren, could austerity be part of it, something that's very politically unpopular. But if we lived in an austere state, wouldn't that really be sort of like the downfall of the American empire at that point? Jim Rogers (00:14:30) - Well, that's what happened to the British. As I said 100 years ago, they were the richest, most powerful country in the world. Jim Rogers (00:14:36) - There was no number two. Then if two years later, completely bankrupt, I happened to be in England during part of that time and it was a mess. Wretched. So I don't like saying any of this, but I have to deal with the reality and the numbers you cite or what they admit. You know, the numbers are much worse. I don't know if anybody in Washington really knows. I don't even know if they care enough to check to see how bad things are. But every time a someone from Washington, a politician or a bureaucrat says something, they say, don't worry, everything's okay. We have a Janet Yellen who's a secretary of the Treasury. Are you or two ago said, don't worry, we have everything under control. Keith Weinhold (00:15:20) - Reassuring isn't it? Not really. Jim Rogers (00:15:22) - Oh my gosh. He's got a couple of fancy Ivy League degrees, but she still says, don't worry, it's okay. Well, I worry, I'm probably not as smart as she is, but I worry. Keith Weinhold (00:15:36) - Well, it's interesting that you bring up the fact about the things that we don't know and these numbers, these debt levels and even the deficit gets so big, we're just throwing around this word trillion anymore. Keith Weinhold (00:15:48) - For some perspective, I happen to know that 1,000,000,000,000 seconds is 31,700 years. In order to help put this into perspective, well, 31,700 years ago, that's just about as far back as when the planes of Europe were being roamed by Neanderthals. That's 1,000,000,000,000 seconds ago. And again, we are $35 trillion in debt, and we have a deficit of at least $1 trillion. The annual thing. Jim Rogers (00:16:21) - I'm glad you're putting some perspective on this, but I don't need it. I know it's a staggering whatever number you want to look at, whether it's the one they report or the one that's they hide whatever it is, I know, because I can add and subtract. I know that America has a gigantic problem that is going to end up like every other country that's done this sort of thing. It's going to end up badly. America is going to lose its status, not this month. Don't worry. July is okay. But no, I can read, I can add, I can subtract. I know how it's going to wind up. Jim Rogers (00:17:02) - It's not good for young Americans. Keith Weinhold (00:17:06) - I mean, we think of the fall of the Roman Empire. You bring up the UK. The UK is still part of the G7, but they're no longer the one predominant power in the world. Jim, when I look at history and I think about sort of the powers that be and how they create and debase the currency, and how those problems percolate into so many parts of the society. I think if the United States is basically they have a monopoly on creating currency, and I just wonder if that's part of the problem. Lennar builds houses, but they have competition from KB homes. John Deere makes tractors and they have competition from New Holland. Heinz makes ketchup and they have competition from hunts. See, when there's competition, there's sort of this incentive to produce quality and provide others with value. But since the U.S. has no substantial competition to the dollar, I wonder if we can think of this as a de facto monopoly from its dilution of the purchasing power of the dollar. Keith Weinhold (00:18:06) - Its quality is suffering because the dollar doesn't have any substantial competition. So I guess what I'm leading up to, what I'm getting at, is we think about currency creation as a de facto US monopoly. I mean, does the government have to be the exclusive money printer where all this just ends up in the debt column here? Jim Rogers (00:18:24) - You raise some very good points. But back to the first main point. The main point is there is no way that America can ever pay these debts except by default, Which is one horrible way. Or by printing gigantic amounts of money, which is another horrible way. This is not the first time countries have done this. If you just go back and look, it is never ended well. Never ended well. Yes, England is still there, but nobody thinks about England the way they did 100 years ago. And nobody in England lives like they did 100 years ago, and many people left. I don't know what's going to happen to the US, except I know it's not going to end well because I can add and you can add and subtract. Jim Rogers (00:19:15) - I wish we could subtract. There's nothing to subtract because the debt just keeps high and higher and higher. And the numbers are very simple. If you get out the amount of debt we have and see the possible income, it just doesn't work. If you have fifth grade education, fifth grade arithmetic, you know it doesn't work. Keith Weinhold (00:19:39) - Jim, I don't know if you remember this, but the first time you were with us, it was January of 2019. That was more than five years ago. And at that time you said interest rates are going to go much, much, much higher. That was your direct quote, three matches. And you said that it's going to ruin a lot of people. And here we are with a lot of people ruined in the commercial real estate world and the apartment syndication world and so on. So if you continue to think there's going to be more currency creation to make it easier to pay back our debt, does that mean you believe that higher interest rates and higher inflation are going to be a persistent condition, say, just till the end of this decade, which is about another five years? What do you think about inflation and interest rates for these next five years? Jim Rogers (00:20:27) - I know that in Washington they will print money. Jim Rogers (00:20:31) - That's all they know. They want to keep their jobs. They don't care about you. I don't care about any of us. They care about keeping their job. And they will do whatever they have to to keep their job the easy way. Now, the proper way, of course, is to buckle up, buckle down, and start doing something about the rendus situation we were in. They don't care. They think they'll be gone by the time those times come, if they're ever coming, and they will say, but we're America. We cannot have problems like that. Well, that's what the British said, too. Once upon a time. And as I say, there was no number two to the British. They were that power. They were that much on top. It's not that I don't like saying. I don't like thinking it. I don't like living with it. But I do hope I can prepare so that I don't go down the tubes like some other people will. But I may just do the arithmetic. Jim Rogers (00:21:32) - It's very simple. The numbers just cannot work. I didn't say the numbers do not work. I said they cannot work because the situation is that dire. They can hold it off for a while by printing money. Great. But then not for you and me. Certainly not for our children. Keith Weinhold (00:21:51) - I think that's all they're going to keep doing. That's the most expedient way to do it, to keep printing any politician that proposes austerity. And you having soup for breakfast, lunch and dinner is not very likely to get re-elected. Does that mean in the next five years you foresee historically elevated interest rates and inflation, which is basically where we actually still are now? Jim Rogers (00:22:14) - Well, of course I do. I mean, there's the market. The problem is right now the central banks still think they're in control, and they pretty much are. But there will come a time. And there always has in history when the market says, wait a minute, we know you're lying. We know this cannot work. And then when the market takes over and the market starts setting interest rates and other conditions, that's called disaster. Jim Rogers (00:22:41) - That's a real, real serious problem. The market will know how bad things are, and the Treasury secretary can sit there and say all day long, don't worry, don't worry. We have it under control. And the Marquis will say, thanks, but we know better. Keith Weinhold (00:22:59) - Well, we've got more coming up with Jim, including. He spent some 60 plus years abroad. I want to learn more about what he thinks with living and traveling so much about the United States. You're listening to get Rich education. Our guest is legendary investor Jim Rogers. When we come back, I'm your host, Keith White. Hope your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out. 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Start at Ridge Lending group.com Ridge lending group.com. Speaker 5 (00:25:08) - This is The Real World Network's Kathy Petke, and you are listening to the always valuable get Rich education with Keith Reinhold. Keith Weinhold (00:25:26) - Welcome back to get Rich. university. So we're talking with investing mogul legendary Jim Rogers. Keith Weinhold (00:25:32) - He's joining us from Singapore today. He's joined us a few times over the past five years. And with what he said in what's coming, he's really been remarkably accurate. Sometimes he just gives a pretty casual delivery, but you really want to listen in to what he's saying. A lot of people have hung on his every word for decades here. And Jim, part of that is all your worldly experience. From so many of your travels and visiting over 100 nations. I've only visited about 35 so far myself. What do you think that we can learn about the United States from living and traveling abroad? Jim Rogers (00:26:07) - First of all, I used to tell you I have made many mistakes in my life. I don't think I don't know how to get things wrong. I have many times. But yes, living abroad, I certainly even traveling abroad is an eye opening experience. It's a fabulous education. Rudyard Kipling, who won the Nobel Prize for literature, once had a line and a poem. The name of the poem was The English flag and the lion was. Jim Rogers (00:26:36) - What can he know of England? Who only England knows. One is you'll know a lot about your own country if you know about the rest of the world. And you will you. If you go to country X and you see they eat different food or wear different clothes, it'll make you realize a lot about America. So my point is it's a fabulous education to see other places. I don't know if it's helped me. I in my view, it has helped me a lot to understand the world and to understand other people. Keith Weinhold (00:27:11) - Now, in my international travels, which are a fraction of yours, a lot of times I get a reminder that life in the United States is still pretty clean and efficient. We have an abundance of potable water all the way to an amenity like fast Wi-Fi. And you know if someone abroad is traveling in the United States, they get to experience those things, and they probably don't even realize or understand that we're the greatest detonation in the history of the world. It's actually pretty difficult to know. Jim Rogers (00:27:40) - There are signs that even those travelers will see. If you go to JFK airport, you will see the huge difference in JFK and say, the Japanese Narita Airport. You know your intuitive world when you visit some international airports outside of the US. But it's not just that America. Five star hotels do not compare with five star hotels in other countries. Listen, I don't like any of this because I have to live it. But the facts are. Yes. And you make a very good point that most people do not notice or does not affect them much at all if it affects them at all. But that just makes the eventual problem worse, because it hits us out of the blue and we don't know what happened. At least if we're worried, we can prepare. But you know, if you ride down the highway, most people think everything. It's okay. This is a nice interstate layout of potholes. They think everything is great. I hope that this all changes. I hope I'm wrong, but I have seen enough to dough that it's not going to end well. Keith Weinhold (00:28:55) - Tell us about where you've lived for a long time. I mean, you come from the United States, but you've lived abroad for a long time. You've been there in Singapore for a while. Singapore, which is a place I haven't traveled to, has a reputation for being prosperous and enterprising in a really clean place. So will you tell us a little bit more about why Singapore is prosperous, including what its real estate markets like? Jim Rogers (00:29:20) - Singapore is a tiny country. There are only 5 or 6 million people here. So yes, it has been a remarkable success story. It's probably been one of the greatest success stories in the world in the past 40 or 50 years. It still amazes me to see how efficient and how well everything works here. And they don't have yet the getting debt now, but they don't have the staggering debts that some other countries do. I mean, Japan, America. You look at some of the great success stories that come to people's minds. Japan did it by borrowing staggering amounts of money. Jim Rogers (00:29:57) - Every day, the Bank of Japan borrows huge amounts of money it's going to have a problem to someday. I mean, it's just very simple. I don't want it to sound like some crazy fear monger, but I can read. And I know how this is always wound up. Now there's some very exciting and successful places in the world. And if you go to some parts of the United States, you say, oh my gosh, what a wonderful place. And it is. But underneath seems to me that there are problems developing. If you come to Singapore, you'll say, oh my gosh, and I'm not the only one who knows it all. The international surveys show that Singapore is one of the very top. Keith Weinhold (00:30:42) - Now in Singapore, is it more of an owner society where most of the residents own the home they live in or like you find in a lot of urban areas? Is there a disproportionately high amount of renters there in Singapore? Jim Rogers (00:30:55) - Over 80% of the people at Singapore own their own home. Jim Rogers (00:31:00) - The guy who set out to build Singapore new and he especially because in his lifetime there had been a lot of riots in Asia. And he somehow knew that if people own their own home, they had a huge stake in the country, right? Had a reason to make sure, to try to make sure everything went well. So in this country, over 80% of the people own their own home. Yeah, he may have a mortgage, but still they own their own home. That's part of the reason for the success. I mean, for what it's worth, I'll also tell you he was a huge believer in education. He made sure that everybody spoke at least two languages. I mean, he knew what it took to be successful and he did it. Yeah. Keith Weinhold (00:31:49) - Homeownership is generally good for communities like you touched on. You just have more of a stake in making sure your neighborhood stays quiet. Or you might show more interested enthusiasm in new clean mass transit coming into your area. You're more likely to be a voter when you own your home, and so on. Keith Weinhold (00:32:06) - So sure, that gives the residents a more vested stake in their own community, which is good for everybody. Does Singapore have one problem that we have here with United States housing? Do you have any idea if there's a substantial housing shortage there in Singapore, like we're seeing in so many places? Jim Rogers (00:32:21) - Do not shortage in the sense that you probably mean it? Yes. At times prices go high because there's not an abundance of housing and people keep moving to Singapore because it has been a successful place. So no, it's not like many places that we both know, but there are more immigrants coming here. The population is rising and they got a little somewhere. Yes, people are building homes and so it's not a gigantic problem at the moment. Can it be? Yes, of course it can be. And maybe it will be someday, but not at the moment. One thing I'll quickly say. Many societies, many countries, have a saying that families go from rags to rags and three generations. And there are many reasons for that. Jim Rogers (00:33:11) - So social reasons. I will point out that Singapore is now on its fourth new government. So maybe if human wisdom is correct, maybe Singapore is going to have some problems in the future. You don't see them now. They might though. Keith Weinhold (00:33:28) - Well, that's an interesting way to think about it. We've talked about problems in a few nations, Jim. I wonder, do you see there being a bright next up, incoming nation because you have this relative perspective from all your travels. Jim Rogers (00:33:43) - There are places that are trying to change and do better. Yet, Nam is a perfect example. I mean, what a nightmare it was 40 or 50 years ago. Right now it's on the rise. South Korea is one of the most successful, prosperous nations in the world. And in 1970, North Korea was richer than South Korea. That, of course, is not true anymore. So countries can change and can develop. And it has worked. I'm interested in Uzbekistan now, in Central Asia. It was ruined by the communists. Jim Rogers (00:34:20) - over 600 years ago. Uzbekistan conquered a lot of the world. I mean, then the communists came along and ruined it. But now they're changing again. So there's always somebody on the rise, and I'll be somebody on the decline. That's key, of course, is to be in the place where things are getting better, not getting worse. Keith Weinhold (00:34:42) - With that in mind is we're about to wrap up here. Jim, you know, I like an actionable takeaway for the audience. And before I ask you that, if I can share with you what we do here in a nation and a world of expanding debt, Grey's take on debt here is the way that we can borrow large amounts prudently and get our own debt is to buy income producing real estate. If you borrow more, you can only control more and both inflation and tenants passively debase your mortgage debt for you, which enriches that borrower as long as they can control their cash flow. So really, that's one thing that we're doing to play things here in a world of inflation. Keith Weinhold (00:35:25) - What are your thoughts with that? Or if you think that there's something else that the everyday person can really do to protect themselves in the future. Jim Rogers (00:35:33) - It's pretty clear that there have been, if you understand that and if you manage it properly, oh my gosh, you can become unbelievably successful and unbelievably rich. The proper words are though, if you handle it properly. History also showed that many people have been ruined by debt, so I hope that everybody understands that debt is not as simple as it looks, but if you handle it properly, oh my gosh, the returns and the rewards are huge. And yes, there are many, many throughout history, throughout the world, many people that made gigantic fortunes from property, from real estate. So I hope you're doing it right. I hope all of your viewers are doing it right. It's not as easy as it looks, but it can lead to great success and great disaster. So yes. Don't stop. Make sure that everybody understands the potential problems and the potential rewards and they don't get overextended. Jim Rogers (00:36:37) - Oh my gosh, you'll be very, very rich. Keith Weinhold (00:36:40) - Yeah, that's a little bit like fire. If used inappropriately, could burn down your house. But if you know how to use fire, you can cook meals for the rest of your life. Do you have any last thoughts overall, anything you'd like to share? Anything we really want to know? Jim Rogers (00:36:54) - I will tell you again that before this is over, interest rates in the US are going to go much, much higher. The debt is staggering. It is just whenever I look at the numbers and think about them, it shocks me, stuns me because I know it's going to lead to huge, huge, huge problems. But the people who are aware and understand what's happening and thrive. So this is not some kind of disaster for everybody, but some people will do extremely well. I hope that everybody you know does extremely well. Keith Weinhold (00:37:31) - Well, Jim Rogers, it's been a pleasure hearing from you again. As always. Thanks so much for coming out of the show. Jim Rogers (00:37:37) - My pleasure. I hope we can do it again sometime. Keith Weinhold (00:37:45) - Oh yes. It's good to get the bigger picture. Sage like wisdom. I'm not sure if you caught it early in the interview, but Jim is not selling short. That means he's not betting that stocks are about to take a big fall. He expects even higher interest rates when it comes to America's swelling debt. Most agree that they're just going to keep inflating their way out of it, rather than default on it. I do, too, but consider that the US actually does have a history of defaulting, like in 1971 when we told the world that you can no longer redeem our debt, IOUs for your gold, that there was defaulting on a promise, we weren't going to give them the gold anymore. Singapore is still growing fast. In fact, it's averaged about 2% annual growth over the last decade. If you discard pandemic aberrations, the value of the median Singapore condo is $1.7 million, and it is 1000ft² in size. That sort of makes you think about New York City real estate. Keith Weinhold (00:38:52) - And in fact, I had a trip planned to Singapore in February 2020. It was a cruise, but I didn't go. That part of the itinerary got cancelled. If you remember, Covid heated up in Southeast Asia early on, so I ended up spending more of that trip in India and Dubai. As it turned out, with our accelerated expansion of the supply of dollars that have been created since 2020. Here's one result today, more than 43% of Americans have been forced to cut back over the past year, and nearly 20% have had to borrow from family or friends in order to make ends meet. And you know when politicians brag about government funding. Just remember this. They're actually expecting you to give them credit for spending your money. That's what that means. And unfortunately, no one is immune from Congress's spending, which can be reckless at times. If you don't pay for something with taxes, then you pay for it with inflation. And that's exactly the type of issue that we expect to study on at Freedom Fest, where I might be fortunate enough to meet you in two days. Keith Weinhold (00:40:10) - Big thanks to the iconic Jim Rogers today. His website is Jim rogers.com. Coming up on the show here in future episodes soon, we're going to discuss a few components that add value to your residential real estate that really don't get discussed very often. Garages and also the vacant land that your property sits on. Also, the King of Commercial real estate is set to make his Get Rich Education debut. We'll learn about commercial real estate turmoil and the commercial sectors that higher interest rates have blown up. Well, hey, do you have family or friends that are into investing or real estate? I love it when you hit the share button on your podcasting device or whatever platform you're listening on. Everything that we do here is free, and the share button really helps the show. And be sure to follow or subscribe to the get Rich educational podcast yourself if you haven't already. Until next week, I'm your host, Keith Reinhold. Don't quit your daydream. Speaker 6 (00:41:19) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Speaker 6 (00:41:29) - Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss the host is operating on behalf of get Rich education LLC exclusively. Keith Weinhold (00:41:47) - The preceding program was brought to you by your home for wealth building. Get Rich education.com.
Do you need more freedom? Well, do we have the cowbell for you! Kennedy is emceeing Freedom Fest at Caesar's Forum in Las Vegas, July 10-13, the event of the year that will host some of the biggest names in freedom. One of those names, CEO of Informed Consent Action Network Del Bigtree joins the podcast to preview the event, discuss his anti-vaccination movement, and praise Robert F. Kennedy Jr. for his stake in the 2024 Presidential Election. Follow Kennedy on Twitter: @KennedyNation Kennedy Now Available on YouTube: https://bit.ly/4311mhD. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sponsor special: Up to $2,500 of FREE silver AND a FREE safe on qualifying orders - Call 855-862-3377 or text “AMERICAN” to 6-5-5-3-2“Within the law, rule of law, and in a robust competitive model, you want to maximize freedom ... Economic freedom, in the context of the rule of law, is the best formula for success and prosperity.”Mark Skousen is said to be one of the top 20 most influential living economists in the world. He's written over 25 books on personal finance and investing, including two of America's definitive textbooks on economics.“We have to make the right decisions to encourage, to increase our standard of living. That is the ultimate purpose of economics—to tell us how to do that,” says Mr. Skousen.He's also the producer of the annual libertarian FreedomFest conference. In anticipation of the event next month, we sat down to discuss some of the major myths and misconceptions about our economy today.“Even the stock market, by the way, is at an all-time high. But in real terms, after inflation, it's the same [as] it was in 2021,” says Mr. Skousen.He says that since World War II, America has been in a state of permanent inflation, and that returning to the Adam Smith model of economics is the only way to get back to what he calls “enlightened capitalism.”“I judge every economist on whether they are defending and improving upon the Adam Smith model of economic liberty, or are trying to tear it down and build their own system of socialism, Keynesianism, totalitarianism, and so forth,” says Mr. Skousen.Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.
This week's guest on Wealth Formula Podcast is Mark Skousen. He is the producer of FreedomFest which has become an extremely popular annual gathering every year that deals with not only money but other lifestyle topics as well. What is freedom anyway? To me, It's the ability to choose what you want to do with […] The post 438: Mark Skousen on Freedom and the Economy appeared first on Wealth Formula.
Peaceful Parenting & Deeper Perspectives with Stefan Molyneux Stefan Molyneux discusses his upcoming book "Peaceful Parenting" which applies the logic and reason of science, psychology, evidence and rigorous morality to the healthy and ethical raising of our greatest treasures — our own children. Stefan Molyneux is the founder and host of Freedomain Radio, the largest and most popular philosophical show in the world. With more than 3,500 podcasts, 10 books and 250 million downloads, Stefan has spread the cause of liberty and philosophy to listeners throughout the world. Prior to launching Freedomain Radio, Stefan built a thriving career as a software entrepreneur and executive. In 2006, he left his work in the tech industry to devote his efforts to Freedomain Radio. Now a full-time parent and philosopher, Stefan has given speeches at liberty-themed events all over the world. His speeches cover subjects ranging from politics, philosophy, economics, relationships, bitcoin, parenting and how to achieve real freedom in your life. Past live appearances include presentations at the New Hampshire Liberty Forum, Libertopia, Students For Liberty, FreedomFest, LibertyNow, Capitalism and Morality, LibertyFest West, the Brazilian Mises Institute's Idieas em Movimento, Freedom Summit, and The Next Web Europe Conference. Stefan has participated in a number of live debates, among them: "Bitcoin vs. Gold: The Future of Money" with Peter Schiff, "Zeitgeist Versus the Market" with Peter Joseph, "The Function of the State in Society" with Professor Vladimir Safatle and "How Much Government is Necessary?" with Michael Badnarik. -------- Website Link: Link to Stefan's books:
Doug Stuart welcomes a distinguished guest, Mark Skousen, renowned investment expert, economist, university professor, author, and founder of FreedomFest. Skousen shares insights into his journey towards libertarianism, shaped by his upbringing in a conservative Democratic and Mormon family, and underscores the significance of individual liberty and maximum choice in both personal and business spheres, inspired by Adam Smith's principles.Skousen provides an in-depth look into the origins and evolution of FreedomFest, conceived during his tenure as president and CEO of the Foundation for Economic Education (FEE) in 2001. Despite fundraising challenges that curtailed his time at FEE, Skousen's vision of an annual gathering of freedom enthusiasts persisted, culminating in the creation of FreedomFest in 2007. This vibrant event, held annually in Las Vegas, offers attendees an eclectic mix of entertainment, keynote speeches, breakout sessions, networking opportunities, media coverage, and lively debates.Drawing notable figures from various fields, FreedomFest boasts a diverse lineup of speakers, including celebrities like William Shatner and George Foreman, and this year expects appearances from Rob Schneider and Ice T. The event also features full presidential debates and a focus on pressing topics such as bitcoin. Skousen highlights the upcoming event's theme, "Brave New World," aimed at addressing current global issues with an optimistic perspective, and mentions key speakers like Javier Millay, Steven Pinker, and Lord Matt Ridley.This July, LCI will be joining thousands of passionate defenders of liberty in Las Vegas for FreedomFest, “the world's largest gathering of free minds.” Just like last year and the years before that, it will be a rewarding four-day conference like no other, with big debates, world-class speakers, film/music/comedy/arts festivals, social events, the “Tradeshow for Liberty” exhibit hall, and so much more.LCI will be there with hundreds of other premier speakers and top-level experts in a wide range of topics. Don't miss yours truly, along with Javier Milei, Ice-T, Kennedy, Steven Pinker, Emily Compagno, Steve Forbes, Justin Amash, and many others.New signups save $50 off the current “Attendee” rate! Use our special code: CHRISTIAN50Learn more about what's included in your conference pass, who you'll meet, and the life-changing experience you'll have at FreedomFest Vegas: “Brave New World?” July 10-13, 2024 at CAESARS FORUM conference center.Register now with our code: CHRISTIAN50!FreedomFest is for the independent mind and spirit who chooses to be alive. We detest authoritarianism in all of its forms and seek unequivocal liberty for all. We believe in the pursuit of knowledge, diversity of ideas, human flourishing for all, fraternity with all, toleration for those we disagree with, and aspire for a life well and fully lived, a life of meaning and purpose in the service of goals, ends, and values worth serving. FreedomFest, at its core, is the embodiment of the Liberty Lifestyle. Audio Production by Podsworth Media - https://podsworth.com ★ Support this podcast ★
Ordinary Guys Extraordinary Wealth: Real Estate Investing and Passive Income Tactics
Sam and Lucas go live from FreedomFest! They talk with attendees about their biggest takeaways. Tune in for this insightful episode of The FasterFreedom Show Live. Website: http://www.fasterfreedom.com/resources Newsletter: http://subscribe.fasterfreedom.com
Surviving and Thriving in the Coming Crisis With Doug Casey Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug wrote the book on profiting from periods of economic turmoil: his book Crisis Investing spent weeks as #1 on the New York Times bestseller list and became the best-selling financial book of 1980 with 438,640 copies sold; surpassing big-caliber names, like Free to Choose by Milton Friedman, The Real War by Richard Nixon, and Cosmos by Carl Sagan. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post; and is a regular keynote speaker at FreedomFest, the world's largest gathering of free minds. Doug has lived in 10 countries and visited over 175. He currently spends most of his time in Argentina and Uruguay, and traveling to various dysfunctional hellholes. Today you're most likely to find him at La Estancia de Cafayate, an oasis tucked away in the high red mountains outside Salta, Argentina. Cafayate most resembles the isolating beauty of Bryce Canyon, Utah combined with the lush vineyards of Napa Valley. Residents enjoy economic and social freedoms not found in the US and some of the best wine and golf on the planet. Website Link: https://internationalman.com ================================================= Check out some of Doug's books! Speculator (High Ground Novels Book 1) The original International Man and #1 New York Times bestselling author Doug Casey joins forces with Dr. John Hunt to create a new type of hero. Charles Knight is young, but he knows right from wrong. He's well educated because he decided to drop out of high school, and considered college a misallocation of both his time and money. Instead, he reads and listens, works and creates. He figured out that you can't become a Renaissance Man by sitting in a classroom. Charles Knight is a modern Count of Monte Cristo, the sort of hero we haven't seen since Atlas Shrugged. He is a leader, but with no interest in leading. A soldier of fortune who tries to avoid fighting. He becomes rich, famous, powerful, loved–and hated. He changes the course of world history as he follows his code. Join Charles Knight on his quest to live a good life, an exotic life, a life of adventure. It all starts with Speculator. –This text refers to the paperback edition. Assassin: Book 3 of the High Ground Novels Charles Knight is released from an especially unpleasant stay in prison, only to rejoin a society overwhelmed by looting, riots, arson, viral panic, mob-think and economic decay . . . with a presidential election in the balance. The cronies are in charge, abetted by their media lackeys and political puppets. They'll do anything to get what they want. How can Charles stop the deadly crimes committed by those who control the law, print the money, and confuse the minds of the people? Crimes that push millions into poverty, servitude and ignorance. Will a highly unorthodox presidential candidate and a cryptocurrency network that turns the surveillance state on its head be enough to expose and defeat them? Or do some people just need to be killed? The cronies are moving fast. Charles Knight needs to move faster. Doug Casey interview 2024, Cash withdrawal limits, Currency debasement, Phasing out cash, Financial privacy, Empire Decline, Collapse Dynamics, Historical Degeneration, Swift Empire Fall, Empire Lifecycles, Indicators of Decline, Economic Warfare in Empires, Historical Insights on Decline, American Empire's Fate, Global Dynamics post-Empire, Government control, Surveillance system, Universal surveillance, Eliminating privacy, Trend towards loss of privacy
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