Podcasts about lennar

Lennar, the nation's second-largest homebuilder, reported a 46% drop in quarterly profit as affordability pressures and higher interest rates continue to weigh on buyers. Earnings and revenue both missed Wall Street expectations, and the company forecast lower home deliveries for the fourth quarter. Kathy Fettke explains how sales incentives like mortgage rate buydowns are squeezing margins, and what this means for real estate investors navigating today's housing market. JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1  FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS

On this episode, we're joined by Cristina Rodriguez from Lennar to learn about their early-talent programs, what shapes their culture and more.

¡Emprendeduros! En este episodio Rodrigo nos da una actualización de mercado donde habla del estatus del mercado, de las platicas entre China y EEUU, de las movidas de China, de los numeros de consumo, la decision de la Reserva Federal y del mercado de Bienes Raices. Nos da los reportes de ingresos de General Mills, Bullish, Darden Restaurants, Lennar y Federal Express. Después habla de Paramount comprando Warner, del posible cambio al calendario de reportes de ingresos y de la estafa de la semana. Finalmente contesta a dos preguntas de los Emprendeduros. ¡Síguenos en Instagram! Rodrigo: https://www.instagram.com/rodnavarro Emprendeduros: https://www.instagram.com/losemprendeduros Para mas información sobre nuestro fondo visita: https://emprendedurosventures.com/

The 5 things you need to know before the stock market opens today:  The House of Representatives set to vote today to fund the government through November 21st, Nvidia is paying more than $900 million to partner with startup Enfabrica, Netskope jumped in its Wall Street debut, homebuilder Lennar reported a decline in quarterly profits, and there are reports that Softbank's “vision fund” will lay off workers.  Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin.  Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Andrew, Ben, and Tom discuss Lennar earnings, Bank of Japan's rate decision, and the week ahead. Song: Amie - Pure Prairie LeagueFor information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure

Ricardo Tomás, asesor del fondo Multigestión Basalto USA de Inversis Gestión SGIIC, repasa Wall Street y sus protagonistas: Fedex, Lennar, UPS, Nvidia, MODERNA y Apple.

Los tres principales índices de Wall Street ganan modestamente el viernes después de que S&P500, Dow y Nasdaq terminaran la sesión del jueves con cierres récord. El Russell 2000 ha cedido un poco en las primeras operaciones, un día después de registrar su primer máximo histórico desde noviembre de 2021. El mercado no pierde de vista invasión de espacio aéreo de Letonia, país OTAN, por parte de Rusia. Esperan más detalles de la reunión entre Trump y Xi. Entre los 11 sectores del S&P, el de consumo discrecional es el que más sube, con Tesla a la cabeza. Y con los precios del petróleo a la baja, la energía está siendo el mayor bajista. También pierde terreno el índice inmobiliario PHLX, con el constructor de viviendas Lennar a la cabeza de las pérdidas, tras su decepcionante informe financiero trimestral. Otras constructoras y empresas de materiales de construcción replican el movimiento. Analizamos el mercado esta hora con Enrique Zamácola, de WIO Capital.

Los inversores siguen apostando a que los recortes de tipos de interés de los bancos centrales impulsen aún más las acciones. Tenemos este viernes registros mixtos en índices europeos y en verde los futuros sobre los estadounidenses. Y suben los rendimientos de los bonos al tiempo que se aprecia el dólar. Por sectores, protagonista el de automoción europeo tras mejoras de opinión en Berenberg. Fedex, Lennar y Kohls nombres propios en Bolsa americana. Esta hora hacemos balance de la semana con Miguel Ángel Temprano. Seguimos vencimientos en futuros con Gerardo Ortega, analista de Trive. También nos interpreta cierre semanal de valores Ibex. En el selectivo, las mayores subidas son para Indra, ArcelorMittal y Sabadell. Lideran los descensos Solaria, Acciona Energías y Fluidra.

The quarter-point Fed rate cut yesterday didn't move markets much, but helped banks and some consumer firms. Today brings weekly jobless claims and earnings from FedEx and Lennar.Important DisclosuresThis material is intended for general informational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results.Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.(0130-0925) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

European bourses are stronger today and trade just off highs; US equity futures also gain, with modest outperformance in the RTY.China drops Google (GOOG) antitrust probe during US trade talks, according to FTDXY trims some post-FOMC gains this morning; NZD plumbs the depths on GDP.Bonds are mixed in the aftermath of the FOMC; Gilts await the BoE.Crude is subdued and precious metals hold an upward bias.Looking ahead, US Jobless Claims, New Zealand Trade Balance (Aug), BoE Announcement, SARB Announcement, Speakers include ECBʼs Nagel, US President Trump & UK PM Starmer press conference. Earnings from FedEx & Lennar.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Fed cut rates by 25bps to 4.00-4.25%, as expected, citing a shift in risk balance. Bowman and Waller joined consensus, calling for a 25bps reduction; new Governor Miran dissented, preferring a 50bps cut.Nine of the 19 Fed officials see two additional cuts in 2025, two see one cut, and six see no more reductions.Fed Chair Powell said he doesn't feel the need to move quickly on rates, and that “you could think of the cut as a risk management cut”, and that decisions will be taken on a meeting-by-meeting approach.Markets saw an initial dovish reaction to the FOMC statement followed by a hawkish reversal heading into and during Chair Powell's press conference. Fed rate cut in December still fully priced in.APAC stocks traded mixed following the choppy reaction to the FOMC meeting; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.5%.Looking ahead, highlights include US Jobless Claims, New Zealand Trade Balance (Aug), BoE Announcement, Norges Bank Announcement, SARB Announcement, Speakers include ECB's Lagarde, de Guindos, Nagel & Schnabel, US President Trump & UK PM Starmer press conference, Supply from Spain, France & US, Earnings from FedEx & Lennar.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Tras la resaca de la decisión de tipos de la FED, ponemos en el punto de mira a Darden Restaurands, Nvidia, Alphabet, Fedex y Lennar. Con Rafael Ojeda, miembro del Comité de Inversiones de Ursus 3 Capital Agencia de Valores.

Las Bolsas arrancan la semana con la mirada puesta en varias citas importantes que podrían marcar el rumbo de los mercados en los próximos días, como la rebaja de rating de Fitch a Francia, y la decisión que pueda tomar el miércoles la Reserva Federal (Fed), con la expectativa de una posible bajada de tipos. Además, los inversores estarán atentos a otras referencias como la inflación en Europa, la reunión del Banco de Japón y los resultados de empresas como Lennar y FedEx. En el terreno geopolítico, las negociaciones comerciales entre China y EE. UU. en Madrid siguen siendo un punto de atención para los mercados por su posible impacto en las tensiones comerciales globales. Además, el viaje de Donald Trump a Londres y sus repercusiones para la relación entre EE. UU. y Reino Unido tras el Brexit, será otra de las citas importantes de esta semana. En este contexto, en la Tertulia de Mercados de Capital Intereconomía, analizan estas claves Pilar García-Germán, Directora Asociada de ventas de Fidelity International; Juan Ramón Caridad, Director de clientes estratégicos de Pictet AM en Iberia y Latam; Patricia Tomás, Directora de Ventas España de Alken AM; y Gonzalo Ramón-Borja Álvarez de Toledo, Country Manager y Managing Director en España de Swisscanto International Asset Management

When Warren Buffett makes a move, investors take notice. He just poured nearly $1 billion into homebuilders Lennar and D.R. Horton—despite a sluggish housing market. In this episode, Ron Phillips breaks down Buffett's bet, why real estate fundamentals still point upward, and what most people get wrong about interest rates and mortgages. If you're waiting on the sidelines or already investing, this episode shows why Buffett's strategy matters for you. WHAT YOU'LL LEARN FROM THIS EPISODE   Reasons why Warren Buffett invested heavily in Lennar and D.R. Horton despite a sluggish housing market How long-term supply and demand dynamics make residential real estate a solid bet The critical role of land banking in positioning builders for rapid growth Why Fed rate cuts and mortgage rates aren't the same thing and why waiting for the Fed may be a mistake What Buffett's strategy signals for investors who are debating whether to act now or hold cash RESOURCES MENTIONED IN THIS EPISODE DR Horton Lennar  Jerome Powell CONNECT WITH US: If you need help with anything in real estate, please email invest@rpcinvest.com  Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community Instagram: @ronphillips_ YouTube: RpCapital Get the latest trends and insights: RP Capital Newsletter  

Warren Buffett's Berkshire Hathaway just invested nearly $1 billion in homebuilders Lennar and D.R. Horton. Kathy Fettke unpacks why Buffett is doubling down on housing, what it signals for supply, demand, and policy, and what investors should watch as the market heats up. LINKS: JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1  FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS SOURCE: https://www.housingwire.com/articles/berkshire-hathaways-warren-buffett-bets-big-on-homebuilders/

Die Wall Street bleibt im Vorfeld der Jackson Hole Rede von FED-Chef Jerome Powell am Freitag um 16 Uhr MEZ in Wartestellung. Die Reaktionen auf die seit gestern Abend gemeldeten Ergebnisse fallen uneinheitlich aus, mit den Aktien von Palo Alto Networks solide auf der Gewinnerseite. Wir sehen hier auch positive Analystenstimmen. Home Depot kann ebenfalls profitieren, und das, obwohl die Ziele leicht verfehlt werden. Die Stimmung bei den Bauwerteten hat sich dank Berkshire Hathaway verbessert. Die Investmentgesellschaft von Warren Buffett hat neben UnitedHealth auch Positionen in den Bauwerten D.R. Horton und Lennar etabliert. Trotz der soliden Zahlen und Aussichten von Amer Sports, sehen wir heute Morgen Kursverluste. Die Aktien von Intel profitieren von der Meldung, dass Softbank für $2 Mrd. und einem Kurs von $23 Aktien des Chipherstellers erhalten wird. So positiv die Meldung sein mag, führt die Ausgabe dieser neuen Aktien zu einer Verwässerung der Aktionäre. Die Überlegung der USA, die $10,9 Mrd. Finanzierung aus dem CHIPS Act in eine 10% Beteiligung an Intel zu wandeln, kommt an der Wall Street auch umstritten an. Bernstein betont, dass die unter Biden angedachte Finanzierung kostenfrei sein würde. Auch das werde zu einer Verwässerung der Aktionäre führen. Abonniere den Podcast, um keine Folge zu verpassen! ____ Folge uns, um auf dem Laufenden zu bleiben: • X: http://fal.cn/SQtwitter • LinkedIn: http://fal.cn/SQlinkedin • Instagram: http://fal.cn/SQInstagram

Die Wall Street bleibt im Vorfeld der Jackson Hole Rede von FED-Chef Jerome Powell am Freitag um 16 Uhr MEZ in Wartestellung. Die Reaktionen auf die seit gestern Abend gemeldeten Ergebnisse fallen uneinheitlich aus, mit den Aktien von Palo Alto Networks solide auf der Gewinnerseite. Wir sehen hier auch positive Analystenstimmen. Home Depot kann ebenfalls profitieren, und das, obwohl die Ziele leicht verfehlt werden. Die Stimmung bei den Bauwerteten hat sich dank Berkshire Hathaway verbessert. Die Investmentgesellschaft von Warren Buffett hat neben UnitedHealth auch Positionen in den Bauwerten D.R. Horton und Lennar etabliert. Trotz der soliden Zahlen und Aussichten von Amer Sports, sehen wir heute Morgen Kursverluste. Die Aktien von Intel profitieren von der Meldung, dass Softbank für $2 Mrd. und einem Kurs von $23 Aktien des Chipherstellers erhalten wird. So positiv die Meldung sein mag, führt die Ausgabe dieser neuen Aktien zu einer Verwässerung der Aktionäre. Die Überlegung der USA, die $10,9 Mrd. Finanzierung aus dem CHIPS Act in eine 10% Beteiligung an Intel zu wandeln, kommt an der Wall Street auch umstritten an. Bernstein betont, dass die unter Biden angedachte Finanzierung kostenfrei sein würde. Auch das werde zu einer Verwässerung der Aktionäre führen. Ein Podcast - featured by Handelsblatt. +++Erhalte einen exklusiven 15% Rabatt auf Saily eSIM Datentarife! Lade die Saily-App herunter und benutze den Code wallstreet beim Bezahlen: https://saily.com/wallstreet +++ +++EXKLUSIVER NordVPN Deal ➼ https://nordvpn.com/Wallstreet Jetzt risikofrei testen mit einer 30-Tage-Geld-zurück-Garantie!+++ +++ Alle Rabattcodes und Infos zu unseren Werbepartnern findet ihr hier: https://linktr.ee/wallstreet_podcast +++ Der Podcast wird vermarktet durch die Ad Alliance. Die allgemeinen Datenschutzrichtlinien der Ad Alliance finden Sie unter https://datenschutz.ad-alliance.de/podcast.html Die Ad Alliance verarbeitet im Zusammenhang mit dem Angebot die Podcasts-Daten. Wenn Sie der automatischen Übermittlung der Daten widersprechen wollen, klicken Sie hier: https://datenschutz.ad-alliance.de/podcast.html

Aktien hören ist gut. Aktien kaufen ist besser. Bei unserem Partner Scalable Capital geht's unbegrenzt per Trading-Flatrate oder regelmäßig per Sparplan. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Aktien + Whatsapp = Hier anmelden. Lieber als Newsletter? Geht auch. Das Buch zum Podcast? Jetzt lesen. Der Kalender zum Podcast? Jetzt kaufen. China und große Kunden ziehen Applied Materials runter. Applied Materials zieht KLA, LAM und Nova Measuring runter. Samsung holt auf, Apple verliert. First Solar, Nextracker, Sunrun und SolarEdge feiern Trump. Lyft feiert Stimmrechte. Nu feiert Zahlen. Roblox wird verklagt. Warren Buffett hat sein Depot offengelegt: Weniger Apple, gar kein T-Mobile. Mehr Pool, Chevron, Lennar und Nucor. Und natürlich: UnitedHealth. David Tepper, Michael Burry und Warren Buffett steigen bei UnitedHealth (WKN: 869561) ein. Zu Recht? Schwer zu sagen. Fakt ist: UnitedHealth ist komplex, nicht nur eine Krankenversicherung und verdient sehr viel Cash. Diesen Podcast vom 18.08.2025, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

In der heutigen Folge sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über Buffets Geheimaktie, Enttäuschung bei Deere und einen Ukraine-Geheimtipp. Außerdem geht es um Intel, Nvidia, Amazon, Tesla, Nokia, Berkshire Hathaway, UnitedHealth, Nucor, Lamar Advertising, Allegion, Lennar, D.R. Horton, Bullish, CoreWeave, Apple, Bank of America, T-Mobile, RWE, Talanx, Kyvistar, Adyen, Thyssenkrupp, Hellofresh, 21Shares Crypto Basket Index ETP (WKN: A2TT3D), iShares Core MSCI World ETF (WKN: A0RPWH), Invesco EQQQ Nasdaq-100 ETF (WKN: 801498) und iShares Core Dax ETF (WKN: 593393). Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Der Börsen-Podcast Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Lanxess kürzt Prognose – Aktie stabil

Paul Hancox, SVP of eCommerce at Parts Town, a leading distributor of OEM foodservice, HVAC, and residential appliance parts. A predominantly B2B eCommerce business, selling via their custom website, and mobile app. Parts Town are based in the USA, distribute spare parts to over 140 counties, and the parent company Parts Town Unlimited had annual revenue of $2.5billion in 2024, with 55% growth in HVAC alone! We've lots to learn from Parts Town's Paul Hancox, including how they've been leveraging AI chatbots to improve customer experience, sales, and the team's efficiency. Hit PLAY to hear: Why treating your website like a product could unlock massive growth The one change that boosted Parts Town's chat agent efficiency by 60%+ ⚡ How Paul's team ships 400,000+ orders per quarter — and what powers it The secret link between site speed and conversion most brands ignore

We're Back! In this week's episode of The RE Source, we break down what's really happening behind the scenes—and why one builder is spending big while everyone else pulls back. Plus: what the heck is “Operation Shadow Fed President”? And could it finally signal a shift in rate policy?

This week, we break down Lennar's strategy to keep building through market downturns and what that means for the rest of us. Plus, a look at Flight's bold 2026 goals, navigating risk, and why trusting your gut matters more than ever in today's uncertain housing market.

This week, we break down Lennar's strategy to keep building through market downturns and what that means for the rest of us. Plus, a look at Flight's bold 2026 goals, navigating risk, and why trusting your gut matters more than ever in today's uncertain housing market.

¡Emprendeduros! En este episodio Rodrigo y Alejandro nos dan una actualización de mercado donde hablan del estatus del mercado, del conflicto entre Iran e Israel, de las ventas de los minoristas y de la decision de la FED. Nos dan el reporte de ingresos de Lennar. Despues hablan de la nueva sociedad entre Mattel y OpenAI y del dia laboral sin fin. Finalmente nos dan el análisis de crypto donde hablan del GENIUS Act y de las monedas estables de las corporaciones. ¡Síguenos en Instagram! Alejandro: https://www.instagram.com/salomondrin Rodrigo: https://www.instagram.com/rodnavarro Emprendeduros: https://www.instagram.com/losemprendeduros

Solar stocks take a tumble. (00:21) Anand Chokkavelu, Jason Hall, and Matt Frankel discuss: - Why solar stocks are falling today. - Lennar earnings. - How to think of your house: asset vs. investment. - Matt & Jason's top 3 homebuilders. Companies discussed: ENPH, RUN, FSLR, SEDG, CSIQ, LEN, GRBK, MTH, LGIH, DFH, NVR Host: Anand Chokkavelu Guests: Jason Hall, Matt Frankel Engineer: Dan Boyd Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Breaking news hits Morning Trade Live with JetBlue (JBLU) cutting back flights after it reported weaker travel demand. Diane King Hall talks about the report and shares how it differs from its airline peers. She also notes the sell-off in solar stocks like First Solar (FSLR) after the Senate proposed cuts to wind and solar tax credits. Diane later discusses Eli Lilly's (LLY) $1.3 billion bid for Verve Therapeutics (VERV) and Lennar's (LEN) earnings beat.

Julián Coca, gestor del fondo Alinea Global, repasa las cotizaciones de Coty, Eli Lilly y Lennar, con vistazo a la reunión de la FED.

Jay McCanless sets the foundation for Lennar's (LEN) earnings after the close. Expectations for the report are low, though persistently-high interest rates can pose a challenge to its outlook. Jay also talks about the potential headwinds immigration policy changes have on Lennar. Tom White offers a bullish example options trade for Lennar and Toll Brothers (TOL).======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Microsoft, Victoria´s Secrets, Boeing, Nvidia y Lennar, bajo la lupa de Ignacio Vacchiano, responsable de distribución en España de Leverage Shares.

The Real Estate Cycle: A Warning for 2026   Insights from Phil Anderson on the Coming Real Estate Market Crash In my conversation with renowned economist Phil Anderson, you will gain unprecedented insight into the mechanics of real estate cycles and why we are right on the precipice of the next major real estate market crash.   Anderson, author of "The Secret Life of Real Estate and Banking," presents a compelling case that combines economic theory with historical precedent to paint a picture of where we stand today – and where we're headed tomorrow.   The Foundation: Understanding Economic Rent   The Law That Economics Forgot To understand the thesis, here's a powerful analogy: just as we accept the law of gravity dictates that a dropped pencil will fall to the ground, there exists an equally immutable economic law that has been largely forgotten. Anderson calls this the "law of economic rent"  and it's the principle that all of society's gains and benefits will ultimately gravitate toward land prices.   This fundamental concept explains why we experience predictable real estate cycles. When society allows land earnings to capitalize into prices (typically representing 20 years of earnings), and banks are permitted to extend credit based on those inflated prices, a real estate cycle crash becomes inevitable. It's not a possibility – it's a mathematical certainty.   The Erasure of Land from Economics Anderson reveals a crucial historical shift that occurred after World War I. Prior to 1907, economists universally recognized three factors of production: labor, capital, and land. However, as land reform movements gained momentum and threatened established interests, there was a deliberate effort to remove land from economic textbooks entirely.   Today's economists learn only about labor and capital, treating land as merely another form of capital. This fundamental misunderstanding, Anderson argues, is why virtually no mainstream economists saw the 2008 financial crisis coming, nor will they recognize the signs of the coming downturn.   The Cycle Mechanics: Why 18-20 Years?   Historical Reliability The 18-20 year real estate cycle has been remarkably consistent throughout American history, documented back to 1800. Anderson traces this pattern through every major economic downturn: the 1920s, early 1970s, 1991, and 2008. In each case, the proximate cause wasn't what most economists claimed – it was the deflation of land prices.   The current cycle began in 2012, marking the bottom of the last downturn. We are now in year 13 of the cycle, approaching the critical 14-year mark that historically signals the beginning of the end. Here's how it works:   The Anatomy of a Cycle Anderson explains that real estate cycles run like this: The cycle is 18.6 years on average - "14 years up and 4 years down" 2012 was the bottom - Land prices peaked in 2006-2007, then had approximately 4 years down to the 2012 bottom 2026 is the projected peak - As Anderson states: "14 years up from there [2012] takes you to 2026. It really is that simple." We're currently in year 13 - From 2012 bottom + 13 years = 2025, approaching the 14-year peak in 2026 Years 13-14 are the "Winner's Curse" - The final speculative phase when "animal spirits are truly unleashed." Current Position in the Cycle This precise timing explains why Anderson identifies us as being in "the last couple of years of the cycle." All the current signals he observes - housing stocks rolling over, banking deregulation beginning, frenzied speculation in Bitcoin and cryptocurrency - point to our approach toward the 2026 peak rather than suggesting we've already arrived there. The critical insight is that we're in the dangerous final speculation phase right now. We're experiencing what Anderson calls the "Winner's Curse" period of years 13-14, when speculation reaches fever pitch and "animal spirits are truly unleashed." The peak is expected in 2026, which would then trigger the inevitable 4-year down phase running from 2026-2030. This timeline explains why Anderson emphasizes the urgency of preparation - we're not looking at some distant future event, but rather a cyclical turning point that's rapidly approaching and may have already begun.   Presidential Patterns: The Republican Connection   A Striking Historical Correlation One of Anderson's most intriguing observations concerns presidential politics. Since Abraham Lincoln's era, every final phase of a real estate cycle has coincided with a Republican president taking office. These aren't coincidences but reflect the political dynamics that emerge during speculative bubbles.   Anderson notes the historical bookend: George Washington, the first president and America's largest landowner at the time, and now Donald Trump, the 47th president and a prominent real estate developer, both representing the connection between land ownership and political power.   The Deregulation Imperative Following a predictable pattern, Republican administrations at cycle peaks immediately begin dismantling banking regulations. Anderson emphasizes this isn't partisan commentary but historical observation: "The very first thing they do is get rid of all bank regulation."   This deregulation serves a specific function in the cycle – it allows banks to engage in the aggressive lending that characterizes the final speculative phase, ultimately setting the stage for the inevitable crash.   Current Signals: Reading the Tea Leaves   Housing Stocks as Leading Indicators Anderson employs the analytical methods of legendary trader W.D. Gann to read market signals. Housing stocks – companies like Lennar, Toll Brothers, and D.R. Horton – serve as the canary in the coal mine. These stocks historically peak 1-2 years before the broader market, as analysts recognize that rising land costs will eventually squeeze builder profits.   During a brief banking scare in early 2023, while some worried about contagion, housing stocks actually made new highs - but have since peaked and rolled over and are now trending downward – a classic signal that the cycle is approaching its peak.   The Dollar Dilemma For the first time in American history, we may face a scenario where the Federal Reserve cannot lower interest rates during a recession. This stems from growing concerns about the U.S. federal deficit and potential challenges to the dollar's reserve currency status.   Anderson explains that while other countries have often faced this constraint – they cannot simply print money to solve problems – America has enjoyed "exorbitant privilege" of the dollar. However, current policies may be eroding international confidence in U.S. fiscal responsibility.   The Speculation Frenzy: Bitcoin and Beyond   Modern Manifestations of Ancient Patterns Every cycle's final phase features a speculative vehicle that captures public imagination. In the 1960s, it was oil and Boeing 747s. In the 1980s, real estate itself. In 2005-2007, it was mortgage-backed securities and subprime lending.   Today's vehicle appears to be cryptocurrency, particularly Bitcoin. Anderson points to concerning developments like MicroStrategy's strategy of borrowing money to buy Bitcoin, which supports the stock price, enabling more borrowing for more Bitcoin – a classic pyramid structure. The involvement of political figures in similar cryptocurrency ventures only amplifies the speculative fervor that characterizes cycle peaks.   The Psychology of Peaks Anderson describes the cycle as behaving like "a living entity" that must draw absolutely everyone in before it can peak. The market cannot top until there's no more money or credit available – until everyone is "all in." This psychological dynamic explains why peaks often coincide with maximum optimism and minimum skepticism.   Strategic Positioning: Preparing for the Inevitable   The Million-Dollar Question When asked how he would deploy $1 million today, Anderson's advice reflects the cycle's current stage: Immediate Actions: Keep funds liquid and in banks rather than rushing into investments Avoid taking on additional debt, especially at potentially rising interest rates Prepare for property values to decline 20% or more Positioning for Opportunity: Maintain an exemplary financial profile to secure credit during the downturn Prepare to be a buyer when others are forced sellers Focus on cash preservation and credit access rather than current yields Timeline Expectations Based on historical patterns, Anderson expects the downturn to begin around 2026, with the bottom likely occurring around 2031-2032 (years ending in "1" have historically marked recession bottoms in America).   This suggests a 4-6 year period of adjustment, similar to the 2008-2012 cycle, presenting significant opportunities for those positioned correctly.   Implications for Commercial Real Estate   Reading Between the Lines For commercial real estate professionals, Anderson's analysis suggests several critical considerations: Traditional metrics like cap rates, rent projections, and employment growth may be misleading at this cycle stage. The fundamental driver – land values – is approaching a cyclical peak that transcends these conventional indicators. The deregulation of banking, combined with potential Federal Reserve constraints, could create a uniquely challenging environment for real estate financing. Unlike previous cycles, the usual monetary policy responses may not be available. The Contrarian Opportunity While Anderson's analysis paints a sobering picture of the near-term outlook, it also illuminates tremendous opportunity for those who understand and prepare for the cycle.   The next 2-3 years may offer the last chances to position defensively before the inevitable adjustment.   The key insight is that real estate cycles are not random events but predictable phenomena driven by fundamental economic laws. Those who understand these patterns can navigate them successfully, while those who ignore them risk being caught unprepared when the cycle turns.   Anderson's message is ultimately one of empowerment through knowledge: understand the cycle, respect its power, and position accordingly. The pencil will fall – the only question is whether you'll be ready when it does.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

Lumber prices surged 23% year-over-year in April, reviving cost pressures that rattled builders earlier in the pandemic. The spike, driven by sawmill closures and fears of higher tariffs on Canadian imports, is squeezing margins for major developers like Lennar, D.R. Horton, and Toll Brothers. The U.S. currently imposes a 14.5% duty on Canadian softwood lumber—accounting for 85% of American imports—but that rate could more than double following a regulatory review expected by August. The volatility comes as HUD Secretary Scott Turner outlines a bold deregulation agenda. Speaking at the T3 Leadership Summit, Turner pledged to ease red tape, open underused federal lands for construction, and eliminate the Affirmatively Furthering Fair Housing rule. Turner says the goal is to unlock new supply by empowering local governments and encouraging self-sufficiency. Meanwhile, HUD faces proposed budget cuts of $33.6 billion, raising questions about how effectively the agency can stimulate new building while federal funding shrinks. Together, rising material costs and shifting federal policy are setting the stage for a turbulent second half of 2025 in the housing sector. Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Is the housing market sending warning signs about the U.S. economy? In this episode of The Fastest Four Minutes in Finance, Scott Inman breaks down the latest earnings reports from the Big 4 homebuilders—D.R. Horton, Lennar, Pulte Group, and NVR—and what their forward guidance says about affordability, tariffs, and mortgage rates. With the S&P 500 Homebuilding Index down 34% since its 2024 peak, what does this mean for investors and prospective homebuyers?

Keith discusses strategies for building wealth in real estate, emphasizing efficient property operations and leveraging. He suggests setting tenant occupancy limits, sub-metering utilities, and increasing rentable space. He explains the leverage ratio, which measures the relationship between debt and equity, and advises maintaining a high ratio for better returns.  Hear his take on the Florida's real estate market, including falling property values, oversupply, and rising insurance premiums. Despite these issues, Keith remains optimistic about Florida's long-term potential due to its population growth and low taxes. Free Resources: Connect with a free GRE Investment Coach at GREinvestmentcoach.com Show Notes: GetRichEducation.com/551 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 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad 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  0:00   Welcome to GRE I'm your host. Keith Weinhold, today, the two things you've got to focus on if you're ever going to build wealth as a real estate investor, why Trump wants to fire Fed Chair Jerome Powell, then, is Florida real estate doomed with falling property values, a housing oversupply, spiking insurance premiums and slowing population growth. It's episode 551, of get rich education.    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 the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener 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   Speaker 1  1:16   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  1:32   Welcome to GRE from Manhattan, Kansas to the finance capital of Manhattan in New York City, and across 188 nations worldwide, you are back inside get rich Education. I'm your host, and my name is Keith Weinhold. I think you know that by now, because we deliver weekly shows more steadily and predictably than a new tariff policy. I've got more on tariffs in a funny clip on Trump wanting to fire Jerome Powell in stories on that level soon. But first, you know one thing that I've made you mindful of lately is that a successful real estate investor needs to pay attention to two big things if you want to build wealth First, keep your property operations efficient. This is your cash flow function. And second look at your net worth statement, and be mindful that you are leveraging as many dollars as you responsibly can. Let me break down both of these for you so that you can see what I really mean here the first one, keeping your property operations efficient. That means that right up front, with a new tenant in the application, find out how many tenants are going to live there, and firmly let them know that they cannot exceed this or that they're in violation of the lease. Can you get 20% more rent, or even 50% more rent by furnishing your unit and marketing it not as a long term rental, but as a midterm rental, and targets, say health professionals that are traveling if you're in a hot rental market. Can you simply keep the rent the same, but have new incoming tenants pay a utility bill for you that you had previously been paying by sub metering your utilities. Other examples of taking the rental property you already have and making it more efficient, you know, there are more classic items, like increasing your rentable space, renting out separate on site, storage space, adding a carport, charging pet rent or just boosting the curb appeal. Can you build an adu on your property? How about appealing your property taxes or automating your rent collection. Why don't you take a look at your insurance policies? You know, a lot of them have $1,000 deductibles. Well, if you're an economically resilient investor, consider raising your deductibles to 5k that way you lower your insurance premium and increase your cash flow that way. I mean really, putting in insurance claims can be somewhat of a pain anyway. Okay, well, right. There were maybe, I don't know, 10 or 15 quick ideas for streamlining your property's operations and increasing your cash flow. Now, don't try to do every one of them, but if there's at least one or two that you can think of as low hanging fruit to go ahead and harvest with the nature of what you've got going in your portfolio. And you know, ideas like I just shared there, you can hear about that on some other real estate investing platforms. But you know what the bigger gain. Is that you can actually make they take less work and fewer people talk about these things all right, and that's the second thing I'm talking about. Yes, it is typically more profitable for you and less work for you. If, instead of all those things, you increase your leverage ratio. Now, doing this does not help your cash flow, it helps your net worth. And net worth is something that you can later convert to cash flow. And this second one increasing your leverage that's a strategy that you just don't hear about on very many real estate investing platforms. So I haven't discussed leverage ratio in a long time. So let's talk about what it is, how you can improve yours, and then what it does for building your wealth. Okay, it's the relationship between your debt and your equity, and here's how to determine yours, and then I'll tell you how you're performing. Once you've determined yours, you might even be able to do it roughly in your head. All you do is take the total value of all the real estate that you own and divide it by your loan balances. That's it. Say you own a million dollars worth of real estate and you've got 500k of total debt on all that real estate. Well, it's really simple. Just divide your value a million bucks, buy your debt, 500k and your leverage ratio is two to one. Let's just call that two. If you're looking to build wealth, that number of two is kind of low. It should be higher. It means that you've got 50% equity in your property. Now say that instead, on the day that you bought that million dollars in real estate, you only made a 200k down payment. That's awesome. A million bucks divided by 200k your leverage ratio is five. All right. Well, what are these numbers really mean? Like this two and this five? All right, it's important because it is what you use to multiply your real estate's rate of appreciation by in order to find your rate of return. So just say that your real estate appreciates 4% this year. If your leverage ratio is just two, that's only an 8% return on your skin in the game. But if you've got more debt and your leverage ratio is five, then a 4% return means you've got a 20% return on your skin in the game. Do that keep your leverage ratio high? Now, what if your leverage ratio falls all the way down to a one. What does that mean? Oh, dear, you're not really doing much to build wealth because all of your properties are paid off. You don't have any mortgages on them. So if you're down to a one, all you've got working for you, from an appreciation standpoint, is compound interest. That's the point at which you've fallen from a compound leverage instrument down to a compound interest instrument. And as we know here at GRE which is counter to the mainstream world. And yeah, the mainstream world is where you have to work all of your life at a job you hate. And that's what you'll do if all you have is unlevered compound interest, all right, and if all you have is unlevered compound interest, well, don't book your Blue Origin flight quite yet. You're not going to go on one you can count on sitting behind a desk for decades instead.   All right. Well, how do you determine your leverage ratio? Again, it's your total real estate value divided by your equity. All right. Now, how do you keep your number high? By making new purchases with 20 to 25% down payments, and by not making new purchases is another way, and instead performing cash out refinances or doing both, you know another way to increase your leverage ratio, and you might not have thought about this, it's when real estate values fall. Now, that's surely not a desirable way to do it, and it doesn't happen often, but when real estate values fall, that drops both your real estate's value and your equity value by the same amount. And interestingly, with some of the ways that I described that you can add value to a property earlier, like a carport, that makes your cash flow better, but it does make your leverage ratio worse at the same time, a way to decrease your leverage ratio fast and lower your wealth building potential fast is to make an extra principal payment of a few 1000 bucks. I mean that one act alone might drop it from, say, a 3.14 to a three point. One Two over night. But look, I don't know what real estate markets you're invested in, and if you tell me what your number is, I'm gonna know how much your future wealth building power is, because you're keeping dollars not merely compounding, but leveraged. And if your number falls below about two and a half, which means 40% equity, that's typically when I begin looking to refinance or sell an equity heavy property, to do a 1031 into a bigger one. So two and a half, that's the number where you often want to take action. And really this is all just a fresh way of approaching an enduring mantra here at GRE Oh yeah, financially free beats debt free, and this sure can make you a mutineer among the masses. And I've been talking about these mutineers sort of things a lot lately, even with a tinge of irreverence. Perhaps you might remember that three weeks ago here on the show, I discussed how, depending on your circumstance, you can even make a car loan good debt, and how a seven figure income is the new six figures and then, yes, perhaps more irreverence. Last week in your free audio course, it was pretty iconoclastic to break down in detail how a 38% rate of return from just everyday buy and hold real estate is not risky at all. And last week's episode 550 the free course, that's probably the most important episode we've done in a long time. For a beginning real estate investor, if you've got any relative or friend in your life that you know, do you have someone around you that just doesn't get it about real estate investing, that really doesn't understand why you do this, please go ahead and share last week's episode with him. Episode 550 now on to the actual person of one, Donald John Trump. And why do I always say his name that way? I don't know. I'm not sure how that ever got started, but I don't say that as often as I call myself a remorseless slack jaw. In any case, the President wants to fire the Fed Chair Jerome Powell. This is nothing new. It just flared up again. I mean, here's the latest flare up. Listen to how Trump says he's never been fond of Powell. Okay, key in on that. This is Tom llamas on NBC, nightly news. You'll also hear the voices of Trump, Powell and Elizabeth Warren in Washington.    Unknown Speaker  8:38   There's a mounting standoff between President Trump and the Chairman of the Federal Reserve. The President blasting Jerome Powell for not lowering interest rates, accusing him of playing politics. Gabe Gutierrez is at the White House with markets on edge and his trade war escalating. President Trump is lashing out at the Federal Reserve Chairman he once appointed, writing on social media that Jerome Powell's termination cannot come fast enough. I don't think he's doing the job. He's too late, always too late. Slow. And I'm not happy with him. I let him know it, and if I want him out, he'll be out of there real fast, believe me, the rebuke coming after this warning from Powell Wednesday, tariffs are highly likely to generate at least a temporary rise in inflation, the President now slamming him for not cutting interest rates to help the economy. We have a Federal Reserve Chairman that is playing politics, somebody that I've never been very fond of, actually, but he's playing politics. Powell says the Fed needs more clarity before making a move. We're never going to be influenced by any political pressure. People can say whatever they want. That's fine. Trump had previously said he would not try to replace Powell, and earlier this week, the Treasury Secretary stressed the importance of an independent federal reserve. I believe that monetary policy is a jewel box that's got to be preserved. Democrats warning of chaos if Powell is ousted, if Chairman Powell can be fired by the President of the United States, it will crash the markets in the United States. Powell, whose term as Fed Chair ends next year, has said the President does not have the legal authority to fire him. If he asked you to leave, would you go? No.   Keith Weinhold  14:38    In that clip, Trump said he's never been very fond of pow dude. You appointed him, you You appointed him as Fed Chair in your first term, where you must have liked him more than any of the other candidates. Geez. Now you may or may not like Powell, but I don't see how. He's playing politics before lowering interest rates, it's completely sensible for him to see how the tariffs play out first. The Fed has long been independent of the executive branch, so they're supposed to be Trump wants Powell to lower interest rates. And remember, Powell already cut rates a full 1% late last year, and I really don't even agree with that cut when inflation was still elevated. Trump says Powell is always too late. Well, everyone agrees that Powell was too late to raise rates back in 2022 I mean, that had to do with the whole gaff where he said that inflation is just transitory, and no one will let Powell forget that. But do you give pal credit for a soft landing? I mean, he since brought down inflation while keeping us out of a recession, that's the definition of a soft landing. You know, I don't fully give pal credit there, just a little but remember, by that point, the inflation damage has already been done. It's already hurt a lot of people, and that's not changing. Now, of course, the inflation enriched you and it enriched me, because we're the real estate investors, and inflation is always going to do that for us. What happened is that Trump is frustrated because he saw the European Central Bank just lower their rates. So that's why he wants to see that happen here too. Because of course, lower rates can help the economy, at least in the short term. So I wondered about what you think. So what I did is I asked you in our latest Instagram poll, the question I asked was simply, should Jerome Powell be retained or fired? I was a little surprised at the result. 38% of GRE Instagram poll respondents said pal should be retained, and 62% said fired. I didn't think as many as 62% would say fire Powell. My best guess is that it's because you want lower interest rates on mortgages, and my next best guess is that you want to fire Powell, not because you dislike him, but more because you want to abolish the Fed completely, which I guess means that Powell would be fired that way. Did you hear about what happened when Donald Trump called tech support? Yeah. He told them, my tariffs aren't working. Tech Support responded with, did you try turning them off and back on again.    Hey, coming up shortly is Florida real estate doomed. If you'd like to reach out to us here at the show, you can do so at get rich education.com/contact, that's whether you have a comment or a question or a concern or a content suggestion you can communicate either through voice or email on our contact page, there one thing that we don't need, respectfully, are booking agents for shows reaching out to us. You know, I used to say that we have 50 times as many guest requests to be on the show with me here as we do available spots, but now it is more than 50x and I'm really grateful to host a platform where I guess a lot of people want to join in and contribute here, but the reality is that we only have one show a week, and a lot of weeks like this one I don't have any guests at all on the Show. That page is monitored by my terrific executive assistant, Brenda, just like most everyone here at GRE She's an active real estate investor too, and again, comments, questions or concerns about the show, please contact us at the contact page and get rich education.com/contact. More. Next you're listening to get rich education.    You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family to 66866, to learn about freedom family investments, liquidity fund again. Text family to 66866    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 Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com.   T. Harv Ecker  20:45   This is the millionaire minds. T. Harv Ecker, you're listening to the powerful Get rich education with Keith Weinhold. Don't quit your day dream.   Keith Weinhold  21:10   Welcome back to get rich Education. I'm your host. Keith Weinhold is Florida real estate doomed. Most anyone that pays attention has probably noticed that the Sunshine State has some areas, well, really, a number of them where property values have actually fallen. This is tied to the fact that there's an inventory over supply. There have been spiking insurance premiums tied to hurricanes. And what about the slowing population growth, and since the pandemic, Florida has had some of the fastest growing, highest appreciating markets in the entire nation. But today, in fact, there's a giant home builder there KB Homes that finds Florida's housing market. In their words, it's weak enough that they are cutting prices this spring. And KB Homes is ranked number 545 on the fortune 1000 so they're pretty sizable. And then an even larger home builder, Lennar, they basically said the same thing. The CEO of KB Homes said, quote, demand at the start of this spring selling season was more muted than what we have seen historically, despite a healthy level of traffic in our communities. So we took steps to reposition our communities to offer the most compelling value, and buyers responded favorably to those adjustments. End of the quote, yes, that is a genteel way of saying that we had to cut prices to get buyers like I mentioned to you, starting, gosh, probably a year ago or more, that other home builders have, instead of cutting prices, offered mortgage rate buy downs to buyers, be mindful though of how much your home builder is paying for those buy downs and how much you are at the closing table. Now, as we know, nationally, there's still a housing supply shortage, but KB, who does business in other states, says that Florida is the weakest, and that's due to over supply. Now let's forget about in migration for a second. Okay, that weakness is because a lot of communities are overbuilt to the point that the in migration rate cannot keep up with the over building. And of course, it's hard to generalize. Florida is a big, populous state of 23 million people. Southwest Florida has been hit the hardest that's pretty well documented. Punta Gorda, home values are down 9% year over year. Cape Coral down 7% let's go to the opposite end of the state, and Jacksonville, up in Northeast Florida that has about seven months of housing supply. It's actually pretty close to a balanced market between buyers and sellers, and then in the center of the state, Orlando, there's six months of supply that is a balanced market where there is normalcy in negotiation between buyers and sellers and a smattering of offers on one property And no one rushing and doing things like waving their inspection and then Miami Fort Lauderdale, you know, I really don't talk about them much on the show, because their prices are too high to work well as long term cash flowing rentals, both KB and Lennar say that they're keeping an eye on tariffs and that the changes to immigration have not changed their operations very much yet, because, remember, a lot of construction laborers are immigrants, and if they get deported, and then you need to hire native born US labor. Well, home prices go up, all right. Well, what about the Florida insure? Crisis. You know, over the past few years in Florida, a bunch of carriers have just withdrawn. They have pulled out of the state, farmers, insurance, bankers, insurance, Lexington insurance, all pulled out. Farmers told The New York Times that this business decision was necessary to effectively manage risk exposure. Similarly, AAA is another carrier, and they said that they're not going to renew some policies. They said the markets become challenging. 2022 catastrophic hurricane season that really contributed to an unprecedented rise in reinsurance rates, and that made it more costly for insurance companies to operate there at all. And prior to that, the market was already strained and had increased claims costs due to inflation and excessive litigation. That's what triple A said. All right, so where does this leave homeowners? Well, some are already relying on state and federal insurance programs, like the National Flood Insurance Program. There's a state carrier called citizens now, flood insurance is not required outside of a special hazard flood area, but that doesn't mean that a home is going to escape flooding if a hurricane passes through, but having insurance it does help along and accelerate the recovery process. Florida has some of the best Building Code adoption and enforcement in the country, and that fact alone has saved 1000s of homes and billions of dollars. But modern building codes are not necessarily applied retroactively to older homes. So it's those homes and properties that really have more exposure to hurricanes, those older properties, and a lot of Floridians are just skipping insurance coverage altogether so that they don't have to pay the premiums. They don't have any coverage. If you don't have a lien holder, you can do that. You can skip it, right? Well, like, How bad is it? Exactly? Just, how much have Florida insurance premiums been jacked up at this point. They've increased 60% on average between 2019, and 2023, and while homeowners and investors are primarily bearing that rising cost burden, I mean, insurers are feeling that squeeze as well. It's not just that the incidence of hurricane events is up, but premiums rise, of course, when the cost of labor in materials that it takes to replace and rebuild a damaged home have gone up as well things like concrete and structural steel and now, of course, as real estate investors, we can eventually pass on the cost of our higher insurance premiums to the tenant in the form of a rent increase, But when it goes up 60% in just four years. It's really hard to keep up with that. Florida's infrastructure is under some strain, too, and I see this when I drive the Tampa area. Every few years, I see more and more traffic. It takes me longer to get places like it takes me two or three cycles to go through a traffic light, where it only took me one cycle a few years ago. So roads and schools and utilities are under some duress to keep up with the population growth over the past decade, statewide commute times are up 11% you know, really that shouldn't be a surprise. I mean, that is common in any high growth area. Now, when it comes to insurance rate increases, there is a good chance that the worst is now over. Yes, Florida, insurance rate increases have been slowing down. The average rate increases have dropped quite a bit from 21% back in 2023 to a projected just two tenths of 1% for 2025 okay. I mean, that's basically no change expected for this year. Citizens, property insurance, that state option that I mentioned earlier, their rates are also shrinking, with some policyholders experiencing rate decreases of 5% or more. Now, I told you on a previous show that if you're looking to add rental property in Florida, go with new build properties for low insurance rates. But now I actually got a hold of some real policies between some of my properties and some of my friends properties. I've got them right in front of me here on a 1970s build single family home. I mean, the premiums can be high. We're basically paying 1% or more of the property's value in insurance premiums each year. So a 250k A valued single family rental that was built 50 years ago has a premium of $3,000 in some cases. I mean, that's a lot, but a close friend of mine recently went to GRE marketplace, got connected with one of our Florida providers. There, he bought a new construction duplex for I forget it was either 400k or 420k it's in Ocala, Florida, which is the central part of the state, and his 12 month insurance premium is $694. Wow. What a low premium for a duplex. That's why you go new build in Florida. Newer properties were built to today's construction and wind mitigation codes, and they have low insurance rates. And his duplex also appraised for 10k more than the purchase price. He has both sides already rented. And in fact, he closes on the property today, and yeah, I recommended that he go to GRE marketplace and get into Florida property, because that is indeed what he was interested in, and I sure wasn't going to stop him. So suffice to say, I clearly do not believe that Florida real estate is doomed. Florida has long been the antidote to high tax, high cost states, it has attracted snowbirds and retirees and hourly workers and increasingly younger professionals unable to crack housing markets elsewhere. Since the pandemic, millions of people have flocked to the state. I mean, when you look at a list of the fastest growing metro areas of the United States. I mean, Florida domination continues. You've still got big ones up there, like Lakeland of Florida is actually at the top of the population growth leaderboard nationally for metros with 500,000 or more people, Port St Lucie is also up there. It's third nationally, and Orlando is fourth. Three of the top four population growth metros are still in Florida, but this promise of sunshine and opportunity that has been replaced by something just a little less Sunny. I mean, you've got the rising home prices like Florida's not that cheap anymore, this diminishing affordability and this growing pressure on infrastructure, but Florida has definitely not completely lost its shine. People across the country are still moving to Florida, but not at the same rate that they did a few years ago, and the state is still seeing more people arrive then depart, besides the weather and the beaches that people love, of course, there's zero state income tax, and Governor Ron DeSantis has even proposed eliminating the property tax, like I mentioned to you on the show a while ago, although we can't count on eliminating the property tax anytime soon, if it ever happens. But wow, what a real estate boom that property tax elimination would create. So for the long term, which is what real estate investing is, I still like Florida. One thing that I don't like is trying to catch a falling knife, and that is analogous to say, investing in an area that is going down and has no future. Florida's got a future. It's got some challenges, just like anywhere in the US, but the reason it has a future is because more population growth is almost a guarantee. You don't get many guarantees in investing. Just look at the decennial census figures. Okay, this is the population of Florida every 10 years, starting in the year 1900 that's when they had 528,000 people, yeah, only about a half million people in the entire state, and I'll do some rounding here every 10 years after that. So in 1910 it was up to 750,000 people, then a million, 1,000,005 1,000,009 now we're up to 1950 where it grew to 2.8 million people, and then 5,000,006 point 8,000,009.7, 1316, 18.8 and then 21 and a half million in 2020, and it's 23 and a half million today. Now I only went as far back as 1900 there, but their census data goes back to at least 1830 and the growth has always been torrid, just uninterrupted. Every 10 years. There has been substantial to massive growth for at least 200 years, and Florida has still. Grown more than 2% per year each of the past couple years. In fact, it is still first place of all 50 states for population growth. So areas that are over supplied with housing in Florida are going to be absorbed. So Florida real estate is definitely not doomed. And in fact, adding more Florida real estate at this time, you know, that could very well be the type of thing where 10 years from now, or even five years from now, when their population is substantially bigger and there's less housing available. I mean, it could potentially look like a wise buy that you're able to get property at this time with less competition and maybe even a small discount here in the mid 2020s, and today, you can find three Florida markets listed at GRE marketplace. What else is happening at GRE marketplace? We've added two new markets, and they are also in the South. They are Jackson, Mississippi and Montgomery, Alabama. Yes, these areas are investor advantaged, and they have prices lower than most Florida markets. Though, I don't know that you'll see the net migration inflows into Jackson and Montgomery that you will in a lot of Florida markets. Jackson has a metro population of 600,000 and Montgomery 400,000 they both have really low property taxes. And there's something else that these two new GRE marketplace cities have in common. Any guess both Jackson and Montgomery are state capitals, yes, so they do have a base of government jobs. So check out gremarketplace.com read more about those cities. And of course, we even connect you with free investment coaching there to help you get matched up with some good property. Thanks for listening. Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  37:10    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  37:34   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why 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 because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter. You also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866.   The preceding program was brought to you by your home for wealth, building, getricheducation.com.   

Should you invest in gold for the long term? Gold has been a great asset to hold over the last year, but I remain a skeptic of investing in gold long term. I personally don't own any gold nor would I recommend buying gold at this point in time. While the recent gains in the price of gold look attractive, given the fact it is up over 20% so far this year in a difficult market, the long-term results aren't enticing. There are periods of time where gold has been a strong performer, but trying to guess those periods is extremely difficult. If we look at January 1980 gold reached $850 per ounce, but the important number here is that the inflation adjusted price was $3,486 per ounce. This means it was not until recently when gold hit $3,500 per ounce, we see an all-time high on an inflation adjusted basis and essentially you made no real gain for over 45 years. At the end of the day gold is just a piece of metal worth only what the next person will pay for it. It has no earnings, no interest, no rents. This makes it extremely difficult to value and given the added expenses for trading and holding gold, it just does not make sense to me. I will continue to invest in good strong businesses at fair prices as I believe that is the best strategy for long term wealth creation.   Why is the government supporting universities with large endowments? I've never really thought about this before. I have known that some big universities have multibillion dollar endowment funds, but I did not realize that 658 institutions have approximately $874 billion, which is nearly $1trillion in endowment funds. When I dug a little bit deeper, I discovered that in addition to these universities receiving money from the federal government via grants, some pay little or no income tax and also get a waiver on property taxes. If you're starting to get a little bit irritated at this point because your hard-working dollars are going to universities like Harvard that has a $53 billion endowment or Yale with a $41 billion endowment, you might be like me and think it's time that things change. The cost of tuition at Harvard is $57,000 per year and the President makes about $1.3 million a year. The president of San Diego State University has a salary of $531,000 and the cost for one year of tuition is about $8700. I'm sure the students at Harvard do receive a more prestigious education than at San Diego State University, but is it 6 1/2 times better? Do the students that graduate from Harvard make a salary that's 600% more than a graduate from San Diego State University? I don't think so. I wondered where money from these endowments goes and basically 48.1% of endowment distributions go to fund student financial aid, 17.7% goes to academic programs and research, 10.8% is used for endowment faculty positions and nearly 17% of the endowment funds are used for other purposes. Wouldn't it be nice to know what those purposes are? I think we need to take a hard look at what universities have in their endowment funds, their tax benefits and grants, and let's have more students here in the United States benefit from those billions of dollars to get a good education as opposed to the fat cats in the Ivy League towers of the universities. One other point I found interesting was the investing philosophy for these endowment funds. The goal is to earn around 8% per year and pay out 4.5% to 5% to fund those various expenses. This should then allow the endowment fund to continue growing. A big problem is many have not been able to achieve that goal with only 25% of 152 schools that were surveyed being able to meet the 8% return over the last 10 years. The other concern is if they can't cut expenses if there is a lack of grants, many endowments are not liquid. Harvard for example had 39% in private equity, 32% in hedge funds, 5% in real estate, 3% in real assets, and just 3% in cash. With all this said I really believe this system should be reviewed to better the entire country, rather than just the Ivy League system.   Could the trade wars hurt home prices? We are starting to see some cracks in the housing market, such as the delinquency rate on FHA mortgages, which cater to the high-risk borrowers who can't qualify for a conventional mortgage because they either have a small down payment or weak credit. The delinquency rate for FHA currently stands at 11% according to the Mortgage Bankers Association, it has not been at this level for 12 years. Unfortunately, and we warned against it, but many people have stretched themselves too far financially to get into a home over the last few years. Because it's only been two or three years since they bought their home, after fees and commissions they may not have much if any equity built up in that home. Another area of weakness that is being seen is with the homebuilders who have really increased their incentives because they have more completed but unsold homes. The builders are getting a little bit worried because they have not seen this many homes sitting on their lots with no buyers since 2009. The average incentives for homebuilders is usually around 5% of the total value of the home, but we are starting to see some incentives around 13% from big builders like Lennar. The volatility of the 10-year treasury, which mortgages generally trade off of, has not been helpful because it has had a wide trading range lately. This then makes it difficult for homebuyers to lock in a good rate. At this point in time, I think I would be waiting to buy a home until maybe late summer. I think there should be some good deals at that point in time as the tariff war should continue to progress and we should have a clearer picture of the economy by that time.   Financial Planning: Why converting 100% of pretax is bad Roth conversions can be a powerful tax planning tool, but like any tool, using it the wrong way can do more harm than good. One of the most common mistakes we see is the idea that you should convert all of your pre-tax retirement savings, like a traditional IRA or 401(k), to a Roth account. Everyone loves the idea of a tax-free retirement. When you convert money from a traditional IRA to a Roth IRA, you're moving it from a pre-tax account to a tax-free account, but there's a price, the converted amount is considered income and you must pay ordinary income tax in the year of the conversion. Once converted funds grow tax-free. The best way to think about money in a pre-tax account is that it is deferred income.  It will be taxed, it's just a matter of when.  When you make contributions to a pre-tax account, you are not receiving a tax deduction, you are deferring income to a future year. When performing a Roth conversion, you are voluntarily deciding to pay tax on that income, even though you don't have to yet.  This only makes sense if you are able to convert at a lower tax rate than you would otherwise be subject to if you did not convert.  This most commonly happens between the beginning of retirement, typically in your 60's, and the beginning of your required distributions at age 75. During that period taxable income is generally lower which means conversions may be done at a lower tax rate than when required distributions begin at 75. Required distributions can be a problem because if you have too much in pre-tax accounts, your required taxable distributions may push you into a higher tax bracket and trigger IRMAA.  Roth conversions help this by shifting funds from pre-tax to tax-free, therefore reducing the level of taxable distributions beginning at 75.  However there is an efficient amount that should be converted for every person.  Converting 100% of pre-tax funds means you will likely be in a lower tax bracket after the conversions, and will potentially not have any tax liability at all.  This doesn't sound bad, but it means you likely paid too much in tax to convert the funds in the first place.  Again, money in a pre-tax account is deferred income that will be taxed.  The goal is to have that income taxed at the lowest rate possible.  If you convert too aggressively you may be settling for a higher tax rate on the money coming out and not receive enough tax-free income from the Roth to justify it.  Instead, structuring withdrawals and conversions to keep your taxable income consistently low all through retirement will result in a higher level of after-tax income.   Companies Discussed: Netflix (NFLX), The Walt Disney Company (DIS), Albertsons Companies, Inc. (ACI) & UnitedHealth Group Inc (UNH)

Is AI about to cause the biggest workplace disruption in 25 years? In this episode of Today in Tech, host Keith Shaw sits down with Salesforce Chair and CEO Marc Benioff to explore the rise of AI agents—and how they're already transforming major companies like Singapore Airlines, Disney, Lennar, and Pandora. Marc shares insights from his recent global travels, real-world use cases of Salesforce AgentForce, and why AI agents go far beyond ChatGPT-style tools. From multi-language support in seconds to revenue-driving personalization, this conversation uncovers how digital agents are reshaping the future of work, healthcare, and customer experience. :mag: Topics Covered: Why AI agents are bigger than generative AI Real-world enterprise use cases (Disney, Lennar, Singapore Airlines, etc.) The economic model behind agentic AI Job loss vs. reskilling debate AI's future in medicine and customer service What's next for Salesforce and AI innovation :brain: “Technology isn't good or bad—it's what we do with it,” says Benioff, reflecting on 26 years of Salesforce innovation. :tv: Don't miss this in-depth and honest discussion about the future of AI, enterprise technology, and what it means for businesses and workers alike. :pushpin: Subscribe for more expert interviews, tech insights, and deep dives into transformative innovations. #MarcBenioff #AIagents #Salesforce #TodayInTech #KeithShaw #AgenticAI #EnterpriseAI #AI2025 #DigitalTransformation #TechInterview #GenerativeAI #AIinBusiness #OpenAI #ChatGPT #AgentForce #AIJobs #Reskilling #FutureOfWork

Lennar (LEN) posted earnings that caused its stock to slide to 52-week lows on Friday. Bearish action continued on the analyst front with Evercore ISI's downgrade to In Line from Outperform. Caroline Woods looks into the analyst note and finds there's still hope for Lennar to rebound off its new lows.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Sara Eisen and Jim Cramer broke down the big drop in shares of Nike and FedEx following their respective quarterly results. Both CEOs warned about a slowing economy on their conference calls, with the FedEx CEO citing an “uncertain demand environment.” The show also hit shares of Tesla on pace for its 9th straight week of losses. During an all-hands employee meeting yesterday, CEO Elon Musk tried to reassure his employees to  “hold onto your stock.” Also in the mix; Jim Cramer hit Lennar for his ‘Mad Dash' following the company's big drop in share price despite posting a beat on earnings.Squawk on the Street Disclaimer

In this episode, Isaac shares his inspiring journey from dropping out of high school to following his entrepreneurial instincts, successfully starting and selling a landscaping business in Tel Aviv—all before the age of 16. He later ventured into private lending, amassing $1.5 million by his mid-20s. However, Isaac's fortunes dramatically reversed when he lost everything in the dot-com crash shortly after relocating to Miami with his wife in 1999.With a child on the way and feeling down but not out, Isaac, supported by his wife, rebuilt his life by entering the mortgage brokerage industry. Quickly rising to become a top producer, Isaac discovered a passion for deal-making. Now known as a self-proclaimed "deal junkie," he has since collaborated on resi deals with industry heavyweights such as Related Group, Lennar, The Kolter Group, and PEBB Enterprises.Connect with usLooking to dive deeper into the Miami commercial real estate scene? Well, you've stumbled upon our favorite topic of conversation. So, whether you're a curious beachcomber or a seasoned investor, drop us a line at info@gridlineproperties.com or dial us up at 305.507.7098. Or if you're feeling social, you can stalk us on LinkedIn and connect with us there. Let's make some waves in the 305 real estate world together! Ben Hoffman's bio & LinkedIn ( linkedin.com/in/ben-hoffman-818a0949/ ) Felipe Azenha's bio & LinkedIn ( linkedin.com/in/felipeazenha/ ) We extend our sincere gratitude to Büro coworking space for generously granting us the opportunity to record all our podcasts at any of their 8 convenient locations across South Florida.

Jason shared insights from his travels and discussed the current state of the real estate market, emphasizing the importance of direct investing and the potential benefits of combining real estate investments with new visa programs. He highlighted upcoming events and opportunities for investors, including the Empowered Investor Live conference and the potential impact of tariffs on the US economy. Throughout the meeting, Jason stressed the importance of accurate data interpretation, considering population changes, and maintaining control over investments to maximize returns in the evolving economic landscape. Today's sponsor http://jasonhartman.com/connected offers real estate investors access to Connected Investors' PiN (Property Intelligence Network) software. This tool provides nationwide property data, including features like unlimited individual property skip tracing, comprehensive property reports, and a Contract Genie for generating legal documents. Subscription options are available on a monthly or annual basis, with the annual plan offering additional benefits such as a dedicated product specialist. The platform emphasizes its commitment to providing accurate, up-to-date information to assist investors in making informed decisions. Visit http://jasonhartman.com/connected today! #RealEstateInvesting #IncomeProperty #InvestorEducation #EmpoweredInvestorLive #HousingMarket #RentalProperties #InflationHedge #TariffImpact #USManufacturing #AppleInvestment #GoldenVisa #InvestorPortfolios #LandlordMarket #HousingInventory #FinancialReserves Key Takeaways: 1:32 Clip of the day: https://www.facebook.com/reel/408141875642142 2:47 Greetings from Santiago, Chile 3:59 A personal profound lesson that applies to real estate 9:05 Rent continues to increase with lower supply and increased demand for 2025 11:44 Get your tickets to https://empoweredinvestorlive.com/ and get a FREE ticket to Rebel Capitalist LIVE 13:56 Sponsor: JasonHartman.com/Connected 15:13 Redfin data: 635,000 vs... 18:08 Realtor.com Active Listing Count 19:11 Florida housing supply hits record high 20:49 Average home price vs. inflation 22:29 Rent vs. Income 23:41 Trump tariffs and Ukraine and Housing stocks: DHI, Lennar 26:52 Import reliance for Homebuilding inputs in 2024 28:40 Tariffs on Apple 31:14 Trumps Gold Card Program 32:20 BEWARE the SCAM! Remember Commandment #3 35:05 Interest in Second homes and rentals continues to rise among the wealthy 36:19 RentRedi: RE investors say they'll portfolios, make home improvements in 2025   Get your tickets to https://empoweredinvestorlive.com/   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

The people at Feedspot just published a list of the 100 Best Real Estate podcasts for 2025. I am honoured to be on #13 on that list of 100 best podcasts. If you are loving what you're hearing on the podcast, then go out and tell two friends today. Show them how easy it is to subscribe to the show. I'm amazed that some very sophisticated real estate investors still don't know how to find podcast on Apple Podcasts or on Spotify, or any of the other twenty podcast platforms out there which carry the show. Why keep all this goodness to yourself. Spread the love around and tell two friends today. To access the Top 100 Best Podcast list, visit: https://podcast.feedspot.com/real_estate_podcasts/On today's show we are talking about benchmarking your organization against the best in class in your industry. When you are looking to develop and mature as a company, it is often helpful to examine how the industry's best companies conduct their affairs and to use them as a benchmark. If you are a specialist in value add apartments, you might use Greystar or the MC companies as a benchmark. If you are in the world of residential assisted living, you might use The Sage Oak as a benchmark. If you are in construction of single family homes, then you might consider Pulte Homes or Lennar.  If you are in storage, then you might examine public storage and so on. Well we are a  development company, and many of our projects involve land development. So then who would we hold up as an example of a company that does it well? A few companies come to mind. There is the Irvine Corporation which developed Irvine Ranch into the modern day city of Irvine. But this was essentially one giant 90,000 acre project that became expert at working in a single regulatory environment. Our company is active in 9 states across the US and two provinces in Canada. We would want to look at companies that are active across multiple jurisdictions.The Howard Hughes Holdings company is one such example.----------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Invest Like the Best: Read the notes at at podcastnotes.org. Don't forget to subscribe for free to our newsletter, the top 10 ideas of the week, every Monday --------- My guest today is Graham Duncan. This conversation will make you think about your life in new ways. This is a two-hour segment of a 4.5-hour interview I did with Graham last year. It stands alone as remarkable, but those who subscribe to Colossus Review will gain access to the full conversation. This will be true in future issues, too. In 2006, in his early 30s, Graham convinced Stuart Miller, CEO of home construction company Lennar, to let him manage $50 million of his family's wealth. A year later, Miller gave him the rest of his capital outside of Lennar. That investment turned into East Rock, where Graham built an incredible investing track record managing billions for a select group of families by focusing on people. Our conversation explores a wide range of topics—from what makes a great investment partnership to the power of positive feedback loops to starting a restaurant. I'm thankful to Graham for showing me the way so many times and for being willing to be so incredibly open in this conversation. Please enjoy this discussion with Graham Duncan.  Subscribe to Colossus Review. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest-growing FinTech company in history, and it's backed by more of my favorite past guests (at least 16 of them!) than probably any other company I'm aware of. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. – This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform. – This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Learn about Ramp, Ridgeline, & Alphasense (00:09:40) Intro to Graham (00:10:24) Launching Colossus Review (00:12:25) The Principal-Agent Dynamic (00:15:17) Navigating Financial Crises (00:17:52) The Right Grip in Investing (00:22:02) Seeding and Investment Strategies (00:26:07) Defining 'Commercial' and Its Implications (00:31:01) The Role of Laziness and Prolific Output (00:32:50) Finding the Right People and Positive Feedback Loops (00:41:51) Navigating Career Transitions and Motivations (00:47:35) Understanding Source Dynamics (00:54:37) Key Criteria for a Great CIO (01:04:13) Structuring Relationships with CIOs (01:08:10) Managing Ambiguity and Protecting Mental Clarity (01:19:39) The Importance of Source in Business (01:22:19) Designing Physical Spaces for Success (01:27:18) Launching a Restaurant: A Casting Exercise (01:34:47) Taking Over and Transforming Existing Ventures (01:37:38) Macro Investing and Adaptability (01:40:36) Hierarchy of Investment Mastery (01:48:40) The Art of Referencing (01:56:38) Formative Experiences and Personal Growth (02:04:44) Building a Business and Taking Risks (02:12:16) The Origin of East Rock

My guest today is Graham Duncan. This conversation will make you think about your life in new ways. This is a two-hour segment of a 4.5-hour interview I did with Graham last year. It stands alone as remarkable, but those who subscribe to Colossus Review will gain access to the full conversation. This will be true in future issues, too. In 2006, in his early 30s, Graham convinced Stuart Miller, CEO of home construction company Lennar, to let him manage $50 million of his family's wealth. A year later, Miller gave him the rest of his capital outside of Lennar. That investment turned into East Rock, where Graham built an incredible investing track record managing billions for a select group of families by focusing on people. Our conversation explores a wide range of topics—from what makes a great investment partnership to the power of positive feedback loops to starting a restaurant. I'm thankful to Graham for showing me the way so many times and for being willing to be so incredibly open in this conversation. Please enjoy this discussion with Graham Duncan.  Subscribe to Colossus Review. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Ramp. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Ramp is the fastest-growing FinTech company in history, and it's backed by more of my favorite past guests (at least 16 of them!) than probably any other company I'm aware of. Go to Ramp.com/invest to sign up for free and get a $250 welcome bonus. – This episode is brought to you by Ridgeline. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. I think this platform will become the standard for investment managers, and if you run an investing firm, I highly recommend you find time to speak with them. Head to ridgelineapps.com to learn more about the platform. – This episode is brought to you by Alphasense. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Imagine completing your research five to ten times faster with search that delivers the most relevant results, helping you make high-conviction decisions with confidence. Invest Like the Best listeners can get a free trial now at Alpha-Sense.com/Invest and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes: (00:00:00) Learn about Ramp, Ridgeline, & Alphasense (00:05:12) Intro to Graham (00:05:54) Launching Colossus Review (00:08:05) The Principal-Agent Dynamic (00:10:47) Navigating Financial Crises (00:13:22) The Right Grip in Investing (00:17:32) Seeding and Investment Strategies (00:21:37) Defining 'Commercial' and Its Implications (00:26:31) The Role of Laziness and Prolific Output (00:28:20) Finding the Right People and Positive Feedback Loops (00:37:21) Navigating Career Transitions and Motivations (00:43:05) Understanding Source Dynamics (00:50:07) Key Criteria for a Great CIO (00:59:43) Structuring Relationships with CIOs (01:03:40) Managing Ambiguity and Protecting Mental Clarity (01:15:09) The Importance of Source in Business (01:17:49) Designing Physical Spaces for Success (01:22:46) Launching a Restaurant: A Casting Exercise (01:30:17) Taking Over and Transforming Existing Ventures (01:33:08) Macro Investing and Adaptability (01:36:06) Hierarchy of Investment Mastery (01:44:10) The Art of Referencing (01:52:08) Formative Experiences and Personal Growth (02:00:12) Building a Business and Taking Risks (02:07:46) The Origin of East Rock

We are hitting all the hot topics on today's show!What's going on with the Dallas economy and why is it dipping and Fort Worth is not?Million Dollar homes are doing well and Ian has the stats!A big North Texas Real Estate Developer, Lennar, just purchased an 1800 acre property - we've got the details!Princeton has paused construction and we tell you why!And finally Todd shares his Top 15 List of where you can find a home on land in DFW! And answers some homes on land questions that have people perplexed, like are essential services close by?!Call or TEXT us with your questions for the show -214-310-0008!Grab our BACKYARD ZONES Guide - Making the Most of Life in Your Back Yard! https://www.dallashomerealty.com/backyard-zones/

What do homebuilder stocks tell us about the future of the 2025 housing market? In this episode, Kathy Fettke examines a new report from ResiClub and recent earnings data from major homebuilders like Lennar. Learn how rising mortgage rates, shrinking profit margins, and increased incentives are shaping the market. Discover what these trends mean for buyers, sellers, and investors as we head into 2025.  Get your tickets for the Passive Wealth Expo on January 18th at the SF Convention Center here at newsforinvestors.com! Links: JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/ FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe   Source: https://www.resiclubanalytics.com/p/what-homebuilder-stocks-are-telling-us-about-the-2025-housing-market

Discover how inflation is destroying the value of your money and eroding the ethical foundations of society. Legendary author Doug Casey reveals the insidious ways rising prices lead to social decay, unethical behavior, and the breakdown of trust.  Learn how to protect your prosperity by shifting away from the falling dollar and into real assets like gold, real estate, and carefully selected investments.  Don't let inflation rob you - get the insights you need to thrive in this challenging economic environment. Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”.  Resources: Visit internationalman.com to read Doug Casey's weekly articles and watch his "Doug Casey's Take" videos on YouTube. Show Notes: GetRichEducation.com/534 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach 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 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'm your host. Keith Weinhold, inflation does not mean rising prices. Inflation is an expansion of the money supply which results in rising prices, and it leads to wider societal decay and moral breakdowns in ways that you've never thought about before. It misdirects inflation frustration toward people like housing providers and grocers, we explore it today on get rich education.   Mid south home buyers, I mean, they're total pros, with over two decades is the nation's highest rated turnkey provider. Their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k. I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid south homebuyers.com that's mid south homebuyers.com   you know, whenever you want the best written real estate and finance info. Oh, geez. Today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why 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 because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66 866.   Speaker 1  3:12   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  3:28   We are the GRE from Albany, New York to New Albany, Ohio, and across 188 nations worldwide. I'm your host, Keith Weinhold, and this is get rich education. You have probably heard it been said by now that money must have three attributes. It is a store of value, a medium of exchange and a unit of account. The US Dollar does not meet the first one store of value. That's due to inflation. How is the dollar a store of value, it is not so then the dollar is a mere currency, not money. You can make the case that gold is a store of value, maybe that Bitcoin is, although it's got a short track record and it's a volatile ride the S, p5, 100, you could say that's nothing more than a store of value long term. When you understand all the drags on it, you're only treading water long term with the s, p, I've discussed that on shows earlier this year. That leaves real estate as not just a good long term, stable store a value, but when it's done right, it is the vehicle where inflation actually increases your purchasing power. And here's a new way to think about it, money is your time and energy captured in an abstracted form for the government to take out debt. They are borrowing your time and energy. Government debt is the closest thing we've ever seen to time travel.They're borrowing the collective time and energy from your future. How do you achieve time travel? You borrow human time and energy from the future currency debasement steals the time and energy of you and everyone alive today. That's why you've got to protect yourself. And what this does is that it actually increases your time preference. Yeah, the term time preference, that's something that Bitcoin authors like Dr saifedean Amos often use time preference and actually think that it's sort of a confusing term. Time preference, though, it sounds like a good thing, it's actually a bad thing. It means that you would rather consume now and over consume now instead of later. Having a high time preference means that you want to all out, ball out right now, and not consider your future. Well, that's what inflation does whenever you see the term time preference out there. I think the best way for you to remember what that means is think of it instead as a now preference. I think now preference is more intuitive than time preference. Teach me how to Dougie, yes, we've got public figure and mega popular author Doug Casey back with us today to discuss how rising prices lead to social decay and makes humans have a higher time preference resultantly, I guess that is teaching us how to Dougie. Yes, indeed, that is a reference to that, like 15 year old song, teach me how to Dougie, and we would drop some bars of that song right now. Oh, you know that me and the team here, we really want to, but we would probably have some royalty issues with that one here, and I'll tell you that is such a stupid song. Teach me how to Dougie, but at the same time, once you've heard it, the next thing that you want to do is hear it again somehow. But it's pretty likely that Doug Casey and I have some more important things to talk about. So fortunately for you, rather than discuss a 2010, rap song any further, we're going to discuss how rising prices lead to social decay.   Monetary inflation is even worse than you think. This era's rising prices and falling values actually lead to social decay. Villains and unethical actors are getting rewarded and they're stealing from you. We're going to discuss just how the international man himself, a legendary and generationally popular author, is back with us for a sobering look at inflation and social decay today. Hey, welcome back in. Doug Casey.    Doug Casey  8:04   Nice to talk to you, Keith. I'm speaking to you at the moment from my farm in Uruguay, which is one of the, I would say, two, most stable countries in Latin America, and one of the two or three most stable countries in the Western Hemisphere, there's a lot of real estate in the world, other than in the US. And I know that you mostly talk about real estate. I've actually done a lot of real estate too, all around the world, in the Orient and in Europe and South America, and, of course, a lot in the US and Canada. So I'm generally friendly to real estate, and it's been very, very good to me.   Keith Weinhold  8:44   Well, you're truly living up to the International Man moniker again today, joining us from that small South American nation of Uruguay and Doug. Before we talk about the inflation and the social decay, what are property taxes like there in that part of Uruguay. And I know you often spend time in Buenos Aires Argentina as well. If you can talk to us in terms of the percent of the value of the property that you pay in property tax each year, which tends to be one to one and a quarter percent on an average in the United States.   Doug Casey  9:13   that's right. And I think in some states like Illinois, it can go up to about 2% if I'm not mistaken, which means that you really don't own your property. If you don't pay your real estate taxes for for a year or two, you'll find out who really owns it, right? But taxes are high in South America, but generally, not too bad on real estate per se, certainly not on farmland, but farmland everywhere in the world doesn't pay much in the way of real estate taxes, and that's certainly the case here in Uruguay, and the same in Argentina, which might be worth more discussion, because Argentina is doing something that's actually unique in world history right now. And I.hope it's a story that ends well, because they're going in the right direction. But to answer your question, if you buy a condo or a house in a city in Uruguay or Argentina or most of these countries down here, you're going to pay real estate taxes, but it's less than in the US typically, like a half a percent, when they get you in South America is value added taxes, or anything you buy, including labor. In most places, you have to pay the government someplace in between 18 or 20 or 22% depending it's like a huge extra sales tax that's hidden in the cost of the item. And of course, they have income taxes down here, just as what they do in the US, approximately American levels. But on the bright side, not that I know about these things from a firsthand point of view, but these Latin American countries are kind of corrupt and not as completely grasping as the US is they're not as competent in going after you, and don't have a worldwide reach, which the US does.    Keith Weinhold  11:07   Yeah. Oh, well, that's an interesting comparison there. And yeah, Doug, a lot of Latin American nations have had high rates of inflation in both the recent past and now in a piece that you recently wrote is titled, inflation and social decay, rising prices and falling values. And here in the United States, whether it's at the grocery store or the mall or restaurants or airports or anywhere you turn, people really are finding inferior goods and services yet at higher prices. I mean, everyone sees that now. And Doug, I know that you've maintained that living standards have taken a big step, not forward, but backward, and are trending even worse. So tell us about it.    Doug Casey  11:49   Well, the way that you become wealthy is by producing more than you consume and saving the difference. That's the basic formula. Produce more than you consume and save the difference. But when the government inflates the currency, and the government's entirely at fault with it, they have the printing presses. They control the currency. It makes it very, very hard to save, and you can't get ahead. You can't build capital which you need in order to invest and become a capitalist. So inflation is the enemy of the average man, and it's the enemy of society as a whole, but some people do very well because of inflation. Why? Because in the US, it's the people in basically New York and Washington and other big cities that stand very close to the fire hydrant of money that comes out of the government, and they get to drink deeply before something trickles down to the plebs below inflation will destroy a country, and that's why in Latin America in particular, you've got very rich people who are usually connected to the government, who get that money first, and a lot of poor peasants who don't get it, and I'm afraid that the US has been going in that direction for some years.    Keith Weinhold  13:08   Well, I'm so glad Doug that you gave us the reminder that the government is the source of inflation. That's where it all begins, because people often blame the landlord for higher rents, but they blame the grocer for the higher beef prices, but the landlord in the grocer, they're only the messenger, not the source. You're absolutely right. It's a question of very bad economic education throughout the school system, all the way up to college and post grad work the butcher and the baker and the oil maker produce real goods that make your standard of living higher. They're the heroes in this scenario. The government, which prints up money through its deficits that it runs, is the villain in this and I never cease to be amazed and shocked how people look at politicians to be their saviors, right? They're heroes. They're not. They're the villains in this piece. They serve no useful purpose. And the same goes for most of these agencies that they set up, which once again, make things easier for the guys on top, that have capital, that have political connections, that can hire the lawyers, hire the accountants to twist things in their favor, makes it very hard for the little guy who can't jump over the hurdles that are put up by regulation as well as taxes as well as inflation.    Tell us about how inflation erodes ethical standards.    Doug Casey  14:38   Well, that's a problem too, because if you can't trust money, the validity of contracts becomes questionable if you borrow. It's terrible in a country like Argentina, if you borrowed 100 pesos from me and only gave it back to me next year, it'd be worth half as much. But you say, Hey, here's your 100 pesos, but you're subtly cheating the person that you borrowed the money from, right? And it erodes trust. Not only that, but inflation tends to make the banking system unsound for a number of reasons. If you can't trust your bank, you really can't trust any financial institutions. So money is the lifeblood of a society. It represents everything that you want to do and want to provide for other people in the future. And if the government destroys your money, it's destroying your future life. And that erodes trust. It makes people think in terms of, I want it all, and I want it now. I'm not willing to wait, because in the future, I don't know what anything is going to be worth. So it leads to an unstable society. And in an unstable society, you don't trust anything.    Keith Weinhold  15:57   right? Well, first, I love your example of the 100 peso loan. I mean, how would one know how much interest to charge in a runaway inflationary environment? Because some people don't realize that high inflation also means more volatile levels of inflation, and banking and lending really break down. You know, Doug, I've got my own example or two about how inflation introduces unethical behavior when the big wave of inflation started to hit in 2021 and 2022 in the United States, you know my favorite cold brew bottled coffee, which I drank because it had good ingredients in it, rather than raising the price on that with inflation, they replaced their higher quality sweeteners in my cold brew coffee, like stevia and monk fruit extract with a junky sucralose sweetener, they could keep their price the same that way. They sure didn't point out that they substituted a junkier sweetener. And really this is another form of inflation called skimplation That was pretty sneaky behavior here.   Doug Casey  17:00   you're absolutely correct, Keith, and this further breaks down the bonds of trust in society, because you no longer really trust that manufacturer, and that's just your one particular coffee manufacturer, but it's happening across the board with all manufacturers, so no wonder people start saying, Hey, I hate these companies. They're trying to rip me off. Well, they're not trying to rip you off. They're just trying to survive the consequences of the government debasing the currency. So we have to assign blame where it belongs. That's a very good example that you just gave. I think.   Keith Weinhold  17:35   yeah. And I think another way that inflation introduces unethical behavior is say that there are two different manufacturers of wine, and they're selling their bottle of wine for $20 then the currency supply doubles. Okay, well, one manufacturer can go ahead and keep selling their $20 wine with inferior ingredients. Well over here, the honest guy, the other company, they double their price to $40 and they continue to use good quality ingredients. But what do consumers notice? They notice the price more than the ingredients. So therefore the unethical one that waters down their wine ingredients but keeps their price low actually gets rewarded and will get more business.    Doug Casey  18:15   You're right, certainly in the short run, but in the long run, inflation is going to destroy both of them, but for different reasons, inflation really destroys the basis of society itself, because it makes it so much harder to produce and you don't have any savings to consume. So money is the basis of society. When you destroy the money you're destroying the basis of society itself.    Keith Weinhold  18:43   We're talking with Doug Casey about his recent piece that you can find@internationalman.com it'stitled inflation and social decay, rising prices and falling values. He also hosts the eponymous show, Doug Casey's take more with Doug when we come back, including how inflation leads to a more litigious society and actually creates more lawsuits. That's straight ahead. I'm your host. Keith Weinhold.   oh geez, the national average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else 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 a 10% return and compounds year in and year out. Instead of earning less than 1% 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 you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text family to 66866, to learn about freedom, family investments, liquidity fund, on your journey to financial freedom through passive income. Text, family to 66866   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 Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com   Richard Duncan  20:53   this is Richard Duncan, publisher and macro watch, listen to get rich Education with Geek Weinhold, and don't quit your Daydream.   Keith Weinhold  21:11   Welcome back to get rich education. We're talking with legendary author Doug Casey. In fact, his classic book strategic investing broke the record for receiving the largest advance ever paid for a financial book at the time. And Doug, I know, in one of your latest pieces, you talked about how inflation actually leads to a more litigious society as well. Tell us about that.   Doug Casey  21:34   The US is actually the most litigious country in the world, and it's because a company may have a hard time meeting its obligations when the currency that its obligations are denominated in turns into a floating abstraction, and if you can't fulfill your obligation, is the way you would righteously on a handshake. Might you may want to call in your lawyers to help you survive. So it percolates through all areas of society.    Keith Weinhold  22:06   Now, on top of inflation, I think there's a problem that's really in one's face today, America has a tip inflation problem where increasingly you are being asked for tips at places where you weren't beforehand. And I think a lot of that really began with COVID. Places like Subway restaurant began asking for tips even though you're standing up to order your food, and it was a way for you to show appreciation that they showed up during the pandemic. But when the pandemic waned, the tip request didn't go away. In fact, I think they've increased. So we have tip inflation on top of inflation. Doug, I recently attended a conference, and the little convenience stores inside the event site hotel, they stated that they are now cashless. Okay, so you're going to be paying with a card, and when you bring your groceries up to the counter, there's a little screen, and they ask you two to three questions. You have to answer two to three prompts if you don't want to leave a tip. This is just at a convenience store. This holds up the line. It's a little frustrating. It wears me out. They say humans can only make 35,000 decisions a day. I just spent three or four of them saying I don't want to leave a tip for this sandwich that I just brought to the counter. And you know what's funny, Doug, I almost consider if this gets annoying after I deny the ridiculous tip request when they didn't provide any additional service. You know what I think about asking Doug, asking that person, oh, okay, well, you asked me to pay more than we agreed to. Where's my discount? Now let me ask you a few questions about my discount now that you ask that I pay more than what we agreed to. So tenations become a problem.    Doug Casey  23:47   Actually, it's worse than that, because now that the world is going to computer money less cash, they give you some choices. I know at Starbucks, this is the case. You want to leave a 10% or a 15% or a 20% tip, those are the things that you can check to make it easy for yourself. But wait a minute, I just wanted a coffee, and what services this person provided for me, other than just drawing a coffee for me and I'm given a choice of it used to be that tips were this is a long time ago, but it's still the way it is in many countries in the world, the tips were just the excess change that you left there. Or the waiter in many countries in the world, like, well, two I can think of off the top of my hand, or Japan, where tipping is is not accepted. In fact, I remember in one Tokyo restaurant, I left some money on the table, and the waitress ran down the street after me to give me my money back. She thought that I inadvertently left it on the table and it was supposed to be a tip. Other countries, like New Zealand, there's no tipping. Certainly out in the country, it's only in the big cities. So yeah, it's become a rather pernicious habit, but I understand, because the average guy doing manual hourly labor like waiting is having a really hard time making it these days, and that's evidenced by the fact that both Trump and Kamala Harris were talking about making tips exempt from income taxes, because you might have to pay the government, well, forget about it. You have to pay them 15% in Social Security taxes, which are non deductible, and then you have to pay income taxes on top of the Social Security taxes. So I I understand why you'd want to do that, but inflation is just another kind of tax, actually, when we get right down to it, that's what it is. It's a subtle tax. It's a tax that you don't see. It's a tax that you blame on the person providing the service of the good, rather than the government, which if they tax you directly. Yeah, you see that, but you don't see that. Inflation is just another form of tax.    Keith Weinhold  25:59   Sure, an income tax or a property tax is sort of front stage inflation really a backstage tax being surreptitious. To your point, well, if the government is so bad and does such a poor job of issuing currency, Doug, what are your thoughts about the government just getting out of the currency issuance business? Whatever that would look like, a gold standard, a Bitcoin standard. Does the government have to be the one that issues the currency?    Doug Casey  26:27   No, it doesn't actually look and we might want to forget about this concept of currency. You've heard that the BRICS, a bunch of third world countries, Russia, India, China, Brazil, many others who want to get out of using the dollar, they don't want to use the dollar because the dollar is turned into a floating abstraction, and they can't trust the US government, as the Russians found, because all dollars clear through New York. So what are they going to do? They don't trust each other's phony baloney currencies. I think that those countries are going to go to gold, not a gold currency, gold, which was money since day one of human history. Actually, I think that's going to happen in the US. And for many, many years, I've suggested that people do their saving in gold, not in dollars. I've been saving in gold for the last 50 years, starting when gold was in the low 40s. And as you do with savings, you put it aside, you forget about it. And the gold that I first saved at $40 an ounce, it's now at 2700 more or less, has treated me very well. I think that people should be saving with something that's not going to lose value the way the dollar does. If the dollar is in a lot of trouble, it could dry up and blow away, quite frankly. So one reason why you want to own real things, commodities, properties, gold, things of that nature, or stocks, if you choose the company well.    Keith Weinhold  27:59   I've helped people that have been hesitant about putting a little bit of money into gold or Bitcoin with the mindset of, don't think about how you are buying gold or Bitcoin. Think of it rather as how you are shifting a portion of your prosperity from dollars, pesos, yen or euros over into gold or Bitcoin. Really, you're just shifting some of your prosperity there. Is the way that I like to think about it. But Doug, as we've been talking about inflation, in this theme of government really having intervention and distortions into free markets, including things like inflation. You know, I've got something that I'm thinking about, and you might help shape or change my thinking about this. We generally champion free markets around here that's typically a good economic system. However, is a free market with some guardrails on it actually helpful? Or do you think that the guardrails shouldn't be there? You mentioned Donald Trump a little bit earlier? One thing, for example, that he says he wants to do Doug is fire the current FTC chair, Lina Khan now the Federal Trade Commission. What their role has really been in the past few years is they spend a lot of their energy cracking down on fraudsters, but Lina Khan wants to bust up mega corporations. So really, what I'm getting at is, can one of the guardrails that's important be that say the FTC make sure there isn't like a an early 1900 style, John D Rockefeller monopoly. What are your thoughts with the government's role in breaking up monopolies? Is that a valid guardrail on the free market?    Doug Casey  29:30   No, I don't think it is. Look, you've got two kinds of monopolies. You've got market monopolies and legal monopolies. A market monopoly is one where the company provides the good or service so cheaply at such a high quality that nobody can compete with them. It's not worth it. Well, leave it alone. And if they start pricing their product too high, or the quality falls enough in a free market, Competitors will come in. That's one type of monopoly. nothing wrong with that kind of monopoly. The other kind of monopoly is a legal monopoly where the government says you have a franchise to do this, you and only you can do it like, well, like almost anything today, where you have to, you have to get government approval in order to provide the good or service. Like railroads, for instance, you couldn't start a new railroad today if you wanted to. So if it's a legal monopoly, you're fighting the law. If it's a market monopoly, you just have to provide a service or good, cheaper or better. So no, I don't think the FTC or any of these three Leader Letter agencies serve a useful purpose. All they do is add to costs and slow down competition and employ people that stick their nose into your business and tell you what you can or can't do both as a producer and a consumer. Look, the government is force. It's coercion. It should only do three things in a civilized society, we want to limit coercion. That means protect you from coercion outside the country with the military inside the country, with the police force, and allow you to adjudicate disputes peacefully without resorting to coercion through a court system. Everything else can be solved through market processes. Believe it or not, I know that shocks most people to hear they're so used to thinking that big brother is watching over a man is going to save my bank and protect me from bad people out there. I wish there are plenty, but it's not the best way to do it. Frankly.   Keith Weinhold  31:33   you've done a good job of drawing a distinct line as to what you think government should stay out of but what about this monopoly power? What if, even with AI inroads, Google still owns more than 90% of the search markets, so therefore they can charge exorbitant prices. Shouldn't something like Google be broken up in an antitrust lawsuit?    Doug Casey  31:51   No, no, it shouldn't, because there are other companies out there that provide people are just used to using Google. I use it myself, but there are at least a half a dozen, and I'm not a computer jock, so I think there are more than that, other services out there that you can use instead of Google, and believe me, I don't like these big companies. I mean, they act like semi governments onto themselves. No, you don't want the government to step in, because the government is a far greater danger than Google is. Google can't break down your door at three in the morning with cops and haul you off to jail. Google can just charge you more than you'd want and do other things like that. But you have other alternatives to Google. It's not an active over weeding physical danger the way the government does. And I'm not saying I like Google either. I don't. Let's admit it, they provide us a tremendous service at basically zero cost, and if you can find ways to get around them, I think that's great. Like I said, it's wonderful what they do. But that doesn't mean I'm a fan of them because of the way that, like any big organization, sure, they try to take advantage around the edges. Unfortunately, that's a negative part of human nature. But the government is not the solution to the problem.    Keith Weinhold  33:13   And of course, this doesn't mean I'm a pro regulation person. Some states and jurisdictions landlord and tenant act can be overbearing.For example, the FDA is not doing a good job with what is allowed to be put into our food, either. So the size of the regulation probably is too big.    Doug Casey  33:31   My old friend Dirk Pearson, who wrote a book called Life Extension, a practical scientific approach, was a huge bestseller some years ago, and Derek always liked to say the FDA it kills more people every year than the Defense Department does decade. And he's right.    Keith Weinhold  33:51   Yeah, that is a pretty sad indictment on the state of things there. But do you have given us quite a few things to think about with how inflation is actually an unethical source, and some more thoughts about free markets. If our audience wants to connect with you, what's the best way for them to do that?    Doug Casey  34:07   Well, go to internationalman.com I write an article there every week, but every day we have great articles by great people. So go to internationalman.com that's one thing on YouTube. Doug Casey's take, where I have a conversation on these and many, many other subjects with Matt Smith every week. And the last thing is, since you can say some things in the form of fiction that you dare not, or better not say in the form of non fiction, right, I have three novels, speculator, drug lord and assassin that I think are excellent reads, so go on Amazon and pick them up too.    Keith Weinhold  34:47   Yeah, Casey, it's been insightful as usual. Thanks for coming back onto the show today.    Doug Casey  34:52   Appreciate it, Keith, it's been a pleasure.   Keith Weinhold  35:00   Yeah, good insight from Doug. As always, tipflation has become awfully intrusive. I recently made a donation on my nephew's behalf for his soccer team or something like that on the donation platform, okay, they called that donation my pledge. Okay, sure, but before I finaled out my pledge on the site, they next asked me if I would like to leave a tip on top of my pledge. Sheesh. Well, do you blame the donation platform for trying to up charge me after I'm just trying to be giving or instead, after listening to today's episode, do you blame the government for inflation in spending? Is this all just a result of that? And now we have listeners that when they find this show, they want to go back and listen to all currently, 500 plus episodes. Well, if you're listening to this five or 10 years from now, you might find my tipflation stories unusual because the practice could be so common and embedded into society by then. Right now, it's still pretty novel here in the mid 2020s there's a rapid rate of change on the tip flation front. And the next time that you are asked for an out of bounds tip, are you next going to ask the merchant where your discount is and make them answer three questions about it.   And by the way, the cold brew coffee that I mentioned with Doug is not the erstwhile la Columbia brand that I talked about two weeks ago. My favorite and real go tos are the Slate and O, W, Y, N brands. That way you get 20 grams of protein with your coffee and no cheap sweeteners in those two. Now, when it comes to the anti trust stuff, breaking up monopolies and duopolies, see real estate is super fractured with who owns it. I mean, even with more institutional buying of real estate, like we've seen this past decade on a national basis, these huge groups that own 1000 homes or more. All those groups, they only own about 710, of 1%of the US single family housing stock. So real estate investing is free market and it is fractured. It is not at all consolidated.    And now let me give you something outside of real estate, an example from another segment of business, supermarkets. There is no need for you to frantically hoard Annie's mac and cheese. It's not good for you anyway. But two courts rejected the Kroger Albertsons merger earlier this month, and that effectively broke up the deal that would have brought together two of the largest grocery store chains in America, the decision that really gave a sweet victory to FTC chair Lena Khan, like I mentioned there in the interview, but her time at the agency's Helm, that's going to end in a few weeks with the beginning of a new presidential administration. But see, in my opinion, and going after antitrust cases, she was pro free market and pro competition, which I see as a good thing. That way you have more companies vying for your business with better quality and lower prices. But I do like to listen to the other side, because, like I said in the interview, I'm still forming an opinion on this. That's why I wanted Doug Casey's take. And in this case, the two grocery companies, they had argued that creating a larger entity merging them both that would allow it to compete with Walmart and offer higher wages and lower prices. That is their side of it. Now Andrew Ferguson, he is the apparent new FTC chair. He has promised to reverse what he called Khan's anti business agenda, so we're not going to see as much antitrust crackdown from the looks of things. And note that there is also an antitrust division at the DOJ, so their influence weighs in as well. This really hasn't been much of a problem for real estate, one of the most highly fractured major markets around and now you do have though adjacent industry, like the home builder space, where there is a home building giant like Lennar, but even the home builder space isn't nearly as consolidated and anti competitive as say, the online search industry or the airline industry. I would like to wish you a happy new year. As always, we are back next week with more great content coming up on the show. We go in depth on some real estate asset classes and also how you can really, accionably and seriously reduce your tax burden next year with vehicles like bonus depreciation and cost segregation, simplifying those things for you, these are exactly the types of tools about how the rich get ahead by knowing how the tax laws benefit them, and pretty soon you will too.   If you like what you hear here each week, please go ahead and tell a friend about the show. I would really appreciate it. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  40:15   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  40:43   The preceding program was brought to you by your home for wealth, building, get rich, education.com

¡Emprendeduros! En este episodio Rodrigo y Alejandro nos dan una actualización de mercado donde hablan del estatus del mercado, los numeros de consumo, la decision de la FED y de los cambios en gobiernos alrededor del mundo. Nos dan los reportes de ingreso de General Mills, Micron Technology, Lennar, Accenture y Carmax. Después hablan del club de las 4 comas, de Meta entrando a la pelea contra OpenAI y de la fuison Japonesa. Finalmente nos dan el análisis de crypto donde hablan de la recomendacion de Blackrock. ¡Síguenos en Instagram! Alejandro: https://www.instagram.com/salomondrin Rodrigo: https://www.instagram.com/rodnavarro Emprendeduros: https://www.instagram.com/losemprendeduros

Andrew, Ben, and Tom discuss yesterday's market reaction to the Fed cutting rates, Micron and Lennar earnings, and Congress's 1,600-page Continuing Resolution Bill. For information on how to join the Zoom calls live each morning at 8:30 EST, visithttps://www.narwhalcapital.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhalcapital.com/disclosure

Scott Wapner and the Investment Committee debate if Nvidia can regain its momentum. The experts detail their latest portfolio moves ahead of the Fed decision. Our Calls of the Day are on Tesla, Uber, Citizens Financial, and Netflix. CNBC Senior Markets Commentator Michael Santoli joins with is Midday Word. The Setup ahead of earnings includes Lennar, Accenture, and Cintas. Investment Committee Disclosures

Dan Nathan is joined by Danny Moses and Liz Thomas to break down the latest developments in financial markets. Key topics included the Federal Reserve's upcoming meeting, recent earnings, and market expectations. The gang highlighted China's expected stimulus, the impact of rising yields, and the potential for volatility in equities. The team also examined the performance of sectors like healthcare and energy, the challenges faced by small businesses, and notable earnings reports from Nike, FedEx, and Lennar. After the break: Ron Biscardi, CEO, and Kaitlin Malin, COO of iConnections, join 'On the Tape' to discuss their recent conference in Singapore, where attendance doubled from the previous year with 230 fund managers and a similar number of allocators holding over 3,000 meetings. They dive into iConnections' evolution from a tech company to the world's largest cap intro platform during the pandemic, emphasizing their tech-driven solutions like the roadshow module and investor portal. Upcoming events in Miami and potential expansions into Europe and Africa are mentioned. The conversation also covers the partnerships and success stories from attendees, with notable figures like Howard Marks and Steve Cohen participating in their events. Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money's Guy Adami, Dan Nathan and Danny Moses. They're offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we're here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We're on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Thomas @LizThomasStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.