Podcast appearances and mentions of robert elms

 Gary Kemp has been posting reels of his recent visits to old haunts in Soho where he and his early bands used to rehearse, this in the run-up to releasing a third solo album, ‘This Destination', in January. We talk to him here about how records were made and promoted in the ‘80s and how radically that's changed today. Which includes … … “all media is now about getting and keeping people's attention”. … the first time he heard one of his songs on the radio. … Bowie, Bolan, Queen and Elton John at Trident Studios. … how bands copy the groove of a track. … technology and the curse of too much choice. … why TikTok's changed the way songs are written. … how the first Spandau Ballet album was made. … the phone call from Richard Hawley that kick-started a song. … the craft of 10cc and Steely Dan and why it doesn't work on 2024 radio. … the male attitude to bands who are largely followed by women. … cunning ways to infiltrate the NME in the early ‘80s. … plus Robert Elms in jodhpurs and “fly dentists” in the Saucerful Of Secrets audience.   Pre-order This Destination here:https://lnk.to/GaryKempThisDestinationFind out more about how to help us to keep the conversation going: https://www.patreon.com/wordinyourear Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.

 Gary Kemp has been posting reels of his recent visits to old haunts in Soho where he and his early bands used to rehearse, this in the run-up to releasing a third solo album, ‘This Destination', in January. We talk to him here about how records were made and promoted in the ‘80s and how radically that's changed today. Which includes … … “all media is now about getting and keeping people's attention”. … the first time he heard one of his songs on the radio. … Bowie, Bolan, Queen and Elton John at Trident Studios. … how bands copy the groove of a track. … technology and the curse of too much choice. … why TikTok's changed the way songs are written. … how the first Spandau Ballet album was made. … the phone call from Richard Hawley that kick-started a song. … the craft of 10cc and Steely Dan and why it doesn't work on 2024 radio. … the male attitude to bands who are largely followed by women. … cunning ways to infiltrate the NME in the early ‘80s. … plus Robert Elms in jodhpurs and “fly dentists” in the Saucerful Of Secrets audience.   Pre-order This Destination here:https://lnk.to/GaryKempThisDestinationFind out more about how to help us to keep the conversation going: https://www.patreon.com/wordinyourear Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.

 Gary Kemp has been posting reels of his recent visits to old haunts in Soho where he and his early bands used to rehearse, this in the run-up to releasing a third solo album, ‘This Destination', in January. We talk to him here about how records were made and promoted in the ‘80s and how radically that's changed today. Which includes … … “all media is now about getting and keeping people's attention”. … the first time he heard one of his songs on the radio. … Bowie, Bolan, Queen and Elton John at Trident Studios. … how bands copy the groove of a track. … technology and the curse of too much choice. … why TikTok's changed the way songs are written. … how the first Spandau Ballet album was made. … the phone call from Richard Hawley that kick-started a song. … the craft of 10cc and Steely Dan and why it doesn't work on 2024 radio. … the male attitude to bands who are largely followed by women. … cunning ways to infiltrate the NME in the early ‘80s. … plus Robert Elms in jodhpurs and “fly dentists” in the Saucerful Of Secrets audience.   Pre-order This Destination here:https://lnk.to/GaryKempThisDestinationFind out more about how to help us to keep the conversation going: https://www.patreon.com/wordinyourear Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.

Wealthy business owners and landlords are vilified. Yet, wealthy actors, athletes, and singers are praised. This makes zero sense. Businesses and landlords provide essential services; entertainers don't. The White House recently published a “rent control light” plan. It's a bad idea and has almost zero chance of passing a divided Congress. I critique it. Hear my in-person sit-down interview the Liberland President, Vit Jedlicka. Liberland is a micronation in Eastern Europe, between Serbia and Croatia. It calls itself: “The freest sovereign state in the world, powered by the blockchain.” Learn about Liberland's: reason for existing, population, infrastructure, real estate, currency, geography, language, culture, problems, and more. You can purchase merits and become a citizen at Liberland.org. Resources mentioned: Learn more about the freest nation in the world, Liberland: Liberland.org For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation   Complete episode transcript:   Keith Weinhold 00:00:01  Welcome to GRE. I'm your host, Keith Weinhold. Why do people vilify wealthy business owners and landlords but praise wealthy actors and athletes? Rent control plans must be killed where the real opportunity is in today's real estate market. Then my in-person sit down interview with the president of the micro nation of Levelland today and get rich education.   Robert Syslo 00:00:27  Since 2014, the powerful Get Rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Reinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps build wealth on the go with the get Rich education podcast.   Robert Syslo 00:01:05  Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates 00:01:13  You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold 00:01:29  Welcome to Greece. From Dubrovnik, Croatia, to Dublin, Ohio, and across 188 nations worldwide. I'm Keith Weinhold than you are inside episode 512 of get Rich education. You can set up your life so that you stop using your time to make money. Use the bank's money to make money. People come from scarcity families, just like I did with a scarcity mindset to think all debt is bad. Hang off debt won't make you wealthy. You don't build wealth. So by the time you reach age 62, you think, hey, I just paid off my last debt and now I can retire. It doesn't work that way. Well, why couldn't you retire sooner? Sheesh. So what do people mistakenly do? They end up working their whole life for people that have debt. Successful business owners and real estate investors carry debt.   Keith Weinhold 00:02:29  That's how they can own so much productivity and so many assets. And you know what's interesting here? Business owners and real estate moguls, they're the ones that often seem to be vilified, criticized, ridiculed for obtaining wealth when they took risks, took out loans and provided jobs or housing for others, yet Yet at the same time, somehow actors, athletes and singers are all praised for obtaining wealth as a performing artist. That makes zero sense. Why would you criticize a successful business owner like Amazon founder Jeff Bezos? Bezos probably made your life distinctly better by offering you convenient shopping for anything. Protein bars with a few clicks, free shipping, and pioneering drone delivery. A landlord is often vilified. Most landlords are mom and pop types that aren't even that wealthy. But even if they were, as long as they're not a slumlord, I mean, they took on risk debt, operating expenses, and being on call 24 over seven in order to provide others with housing. So with Bezos types and landlords, we're talking about taking risk to provide society with essentials like food and housing.   Keith Weinhold 00:03:58  And while the business owners get vilified baselessly performing artists like actors, athletes and singers do not. Yet they merely provide entertainment to society. Now I like entertainment and I follow sports to the NFL. Major League Baseball, the NBA. But their services are not essential. Take a movie actor. They get paid well for pretending to be somebody else. Consider how absurd that sounds. And yet they're praised for obtaining wealth from doing that. So this is really backwards. And, you know, I think that a lot of this resentment for business owners is that you can't really see what they do for you. Like, you can a performer that's on the front stage, like Beyonce or Lizzo or Taylor Swift, Business owners, real estate investors, they're on the back stage. And what an entertainer does front stage that is highly visible. I mean, that's my best guess about why this is. And a lot of the time it just comes back to these primordial human emotions like resentment and jealousy and envy. There is no reason to criticize the rich just solely for being wealthy Because deep down, it's all where we want to be.   Keith Weinhold 00:05:21  Anyway, how is Bezos bad and Lizzo good? I don't get it, but it's been that way for a while now. When you look at surveys of institutions that are most trusted over time, and it's been pretty much the same these past few decades, what's at the top of the polls are small businesses. People say that they're trusting of small businesses in your rental property. Business surely counts here. Small businesses trusted more than institutions like the media or politicians. So I encourage you on social media and wherever else to support small businesses. And it's kind of funny how friends they often might not put a like on your small business, though they say that they trust them and that they resent large businesses, you know? Then that friend turns right around and supports Apple, Coca-Cola, and Starbucks. people say they trust small business, but so often then they go patronize large businesses. Nothing wrong with patronizing large businesses, but you're just not doing what you're saying. So my point is, don't resent anyone just for financial success and consider outwardly supporting small businesses.   Keith Weinhold 00:06:40  If you indeed put a lot of trust in them yourself, just like much of America says that they do. Now, is there a movement afoot to disenfranchise big wealthy business owners or big landlords. I mean, we're talking about these very people that are resented. Well, one way is with rent control, that is capping the amount of rent that landlords can charge. Now, since Covid hit in March of 2020. Apartment rents are up 18% and single family rents are up 25%. Okay. Those are cumulative figures over this four plus year stretch. And that's actually not that much. It's about 5% a year. And now sure, political news has been like galactic big this month with the Trump shooting and the Biden drop out and the Kamala Harris endorsement as a Democratic frontrunner. And we rarely talk politics here for a few reasons. Number one, it's divisive. People lose their minds. Secondly, speculation is cheap. So much of politics is speculating on what might happen in the future. Well, there's one known here.   Keith Weinhold 00:08:01  Whether you like it or not, expect six more months of President Biden. And thirdly, politics is overblown. Its importance is inflated. A president rarely changes your life. But the good news in this is that you can your autonomy, your freedom, your decisions. You can change your life. So to put the politics aside, let's stick to a one issue subject. The white House revealed published what I call a rent control lite plan earlier this month. And to give some credit first, this the same plan it also repurposes publicly and to build more affordable housing. I sent you a link to the whole thing in our newsletter last week. Well, this rent control lite thing has almost zero chance of becoming law. VP Kamala Harris endorsed it on ex. President Trump would kill it even if it's revived under the next president. It has no realistic shot of passing a divided Congress. But let's look at this anyway. What was proposed is that if a property owner increases rent more than 5% annually, it would reduce tax incentives for large landlords.   Keith Weinhold 00:09:23  I'll tell you what large landlords are in a moment. Now, you could still increase rent by more than 5%. It would just reduce the federal tax breaks and it would have lasted for only two years. And the reason the white House put this proposal together for just two years is as a bridge to a time when more homes are expected to be built. I mean, that's the real intent here. And importantly, this all would have only applied to owners of 50 plus units. So that's mostly for apartment owners. Single family rental owners would be largely untouched, but consider how apartment owners could have lost their accelerated depreciation benefit, also known as their cost segregation. And note that I'm already talking about this rent control light proposal in the past tense, not the present tense, because this whole thing, it's just a bunch of virtue signaling to try to show that something is being done to rein in housing inflation. Well, this is really odd and awkward since the inflation came from the government in the first place.   Keith Weinhold 00:10:30  I mean, sheesh, this is like shooting someone in the foot and then trying to get praise for bandaging the victim that you just shot. Well, the federal government, they just don't do rent control on this level at all. They haven't. In fact, the feds haven't regulated rents on private buildings since World War two. So this really isn't a thing, but it just brings to light that rent control is a bad idea. It puts a cap on risk. Time after time after time. History shows us that it makes developers stop building. Now, the white House plan did have a carve out for new builds. Also, what this does is that landlords have no incentive to improve property. That's why it reduces housing supply, which is already low, and it creates long term dilapidated living conditions, like I touched on here just a couple episodes ago. But how weird to even make such an ill advised proposal. I mean, look, if government puts a price cap of $2 on a gallon of milk, then dairies will stop producing milk.   Keith Weinhold 00:11:41  Milk shelves are going to be empty. It's like in communist countries. This is why you saw photos of bread lines. When there are price controls, then manufacturers don't produce. And just the same, landlords would stop providing housing. If I didn't put a fine enough point on this yet. President Obama's top economist, Jason Furman. He probably said it best in the Washington Post. Furman says, quote, rent control has been about as disgraced as any economic policy in the toolkit. The idea that we'd be reviving and expanding it will ultimately make our housing supply problems worse, not better. End quote from President Obama's top economist 94% of economists agreed that rent control reduces quality and quantity of housing available. It is the most effective way to destroy a city. Aside from bombing it, what an ill conceived plan to regulate rents. That's rent control, but the most dangerous drinking game of 2024 that is still sipping at every mention of the interest rate lock in effect on a real estate or economics podcast. Though it's been two plus years since they made their dramatic rise.   Keith Weinhold 00:13:05  Many are still transfixed on mortgage rates. They recently hit a five month low below 7%, and a lot of people still expect mortgage rates to fall between today and next year, since inflation has now plunged from a high of 9.1% two years ago, down to 3% now, the Federal Reserve has held rates steady for more than a year now, and most don't expect any change either when they meet in two days. But be ready. Be prepared when mortgage rates fall substantially. Millions more buyers will qualify to buy a home, and this could substantially stoke housing demand and lift housing prices further. Now last week on the show, you heard gray investment coach narration. I discuss Libre land libre, land libre land. Earlier this month, I visited the exhibit hall at an event called FreedomFest. I saw the library and booth and I recognized their name, and I congratulated the people there in the booth. On that, the fact that I have heard of Liberland before, that's somewhat of a compliment to them. It shows me that they're doing something right, liberal, and is a small piece of land between Serbia and Croatia in Eastern Europe, and it apparently hasn't been claimed by any other nation for decades.   Keith Weinhold 00:14:32  The name Liberland, and I think it's easy to remember because it sounds like liberty. So that's how you pronounce it. Well, I got to talking to some of their representatives at the exhibit hall. They're all smart people, but there was no one person that had all the answers I was looking for. So I requested to speak with the president of Liberland. And about two hours later we made that happen. So today, shortly you will hear Liberland President Vit Jedlicka and I together. Now, the United Nations doesn't yet recognize Libya and all. Ask the president if other nations recognize it. Wikipedia calls liberal and a micro nation. It is seven square kilometers. That's almost three square miles. It's mostly forested. I don't believe there are any mountains there that I can see in the photos. It has Danube river frontage and just a few people there. The Danube river frontage is key because it contains an island that belongs to Leon, and also the Danube is key because it also connects to the Black Sea.   Keith Weinhold 00:15:40  And we'll see if it can be a tax free haven, which is apparently the intent. You might be able to see this working when you compare it to micro nations like Monaco and Liechtenstein. Some journalists have been skeptical about libre land. You'll see how I approach it with the president shortly. He champions laissez faire capitalism. Laissez faire means a minimal government. They're also making the new nation's laws transparent on the blockchain and an economy based on cryptocurrency. As for liberalized population, by March of this year, liberalism had 1200 registered citizens who had paid up to $10,000 for labor and passports, but fewer actually living in the nation now, working on it and building it. Neighbouring Croatia has at times been hostile and blocked off access to libre land. These past few years, you will hear some background noise in President Witte and his upcoming interview. So I ask for your attention and patience there and for all. We are in an exhibit hall at a conference. I'll just call him whit in the interview. And what does his day to day look like? He travels globally a lot, often trying to get into international diplomatic and friendship agreements.   Keith Weinhold 00:17:01  But how do you just adopt statehood out of nothing? That's what's interesting here. Now, when he describes libre land to me, you can't see it here in the audio only. But he often points to Liberty Island, an island on the Danube river that's part of Liberty. And does having a free nation mean that you have the freedom to do whatever you want on your land, or they're soon going to be hos there? I'll ask him that very question, literally. President and I coming up here shortly. First, as for more, I suppose, a familiar land here in the US. You can't make any money from the rental property that you don't own. We are here to help get you started being profitable that way. And it's free. Get some of those. Real estate pays five ways properties. Then we have access to a good number of them here at great a good variety, different property types, different geographies. But at times I'm asked where is the real estate opportunity today in this real estate market, with higher prices, higher rents normalize interest rates, higher operating expenses and low housing supply? Really the opportunity is in affordable housing.   Keith Weinhold 00:18:25  If I could just put two words to it. That's the short answer of affordable housing. Like I often say, provide housing that's clean, safe, affordable and functional in today's market really emphasizes the affordable. That's where the sustainable demand is. Since so many want to be first time homebuyers are priced out of the market currently, it's like a dam that's waiting to break once interest rates go lower compared to a year ago, America has a lower proportion of homeowners and more renters, and the renter numbers just look to keep increasing due to that low affordability. And also this surge of immigrants from the past year or so. That is why you want to own affordable rental housing now. Affordable housing really that can mean a few things in a physical form. That could mean mobile home parks, single family homes, duplexes to fourplex or larger apartment buildings, but in any case, an income producing asset. Do you know what that does for you? That's like an employee that's working for you 24 over seven and without the personality problems, and they never call in sick.   Keith Weinhold 00:19:40  And when you're looking for a property, it's easier to screen properties that it is higher in screen employees. We can help set up an entire real estate investment plan for you with properties like a couple properties. I'll detail for you here shortly. And I also sent you these property details in the second section of last week's newsletter. You also got to see a photo of one of them. And by the way, you can get our wealth building newsletter by texting GR 266866. Just do it right now. What's on your mind for our free? Don't quit your daydream letter. Text GR 266866. And what's been in our newsletter lately? I showed you exactly where I think home prices are going to go by the year 2028. I loved writing about that and researching that for you in the Don't quit Your Daydream letter. Also, in recent letters, you got need to know details about our banks in real trouble now. The Wolf of Airbnb sentenced to prison y new homes will keep getting smaller. Why you can't blame investors for pricier housing.   Keith Weinhold 00:20:54  Why prioritizing property is a huge mistake, and the ten cities where you will regret buying property. And if those stories don't interest you, if getting the first crack at profitable income property does not interest you, then you won't want to subscribe. But if it sounds like those details interest you again, you can get the don't quit your day dream letter by texting gray to 266866 available properties we've had at Gray Marketplace lately that our investment coach can help me with are these two brand new single family homes that make great rentals. The first one is in Prairie Grove, Arkansas. These are the places where the numbers work, and Arkansas has been named the most landlord friendly of all 50 states. It is four bed, two bath purchase price of 288 K and a rent of $2,200. Good numbers for a new build there. It's 1500 and 50ft². The second property, also a new build, is in Pinson, Alabama that's just northeast of Birmingham. And this single family rental is three bed, two bath. The purchase price is 303 K, the rent is $2,000, it's 1400 and eight square feet.   Keith Weinhold 00:22:14  And that rent to price ratio that's not as good as the first one in Arkansas. But of course, Alabama's got those ultra low property tax rates that you get to pay. Yet you can own it and reside in any state or nation. We can help set up an entire real estate investment plan for you, whether it's with properties like these or others, with our investment coaching and it is free for you. Yes, it is just this free as sun, fresh air and hugs. If you think you're ready to buy some real estate pays five ways property. Book a time to chat at Gray marketplace.com/coach to help connect you with a marketplace of income properties. That's grey marketplace.com/coach liberal and president what you'd like and I straight ahead you're listening to get rich education. Hey you can get your mortgage loans at the same place where I get mine at Ridge lending group Nmls 42056. They provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire.   Keith Weinhold 00:23:32  With leverage, you can start your prequalification and chat with President Ridge personally. Start now while it's on your mind at Ridge Lending group.com, that's Ridge Lending group.com. And your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk Your cash generates up to an 8% return with compound interest year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25 K. You keep getting paid until you decide you want your money back there. Decade plus track record proves they've always paid their investors 100% in full and on time. And I would know because I'm an investor, to earn 8%. Hundreds of others are text family 266866. Learn more about Freedom Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text family to 66866.   Robert Helms 00:24:54  Everybody it's Robert Elms with the Real Estate Guys radio program.   Robert Helms 00:24:57  So glad you found Keith wine old and get rich education. Don't quit your day dream.   Keith Weinhold 00:25:11  Hey. Welcome back to get rich action. We're talking with someone that's going to explain a different subject to us. We're talking about starting up and the potential new nation. I was the president of that nation called Libre, Leon, I was there. President Witt, welcome in. Good to meet you. It's so good to have you here. And, you know, interestingly, we met at an event called Freedom Fest. So this is potentially so parallel with that as you're looking to develop your own nation now at a place like Freedom Fest, I think we have a lot of people that have a certain set of opinions, and a lot of people at a place like Freedom Fest, where you champion ideals, would probably love to tell you how they would like changes to be made in the United States. But I think if you ask that same person, okay, what if you begin with a clean slate? How would you begin a nation anew, but you're actually trying to do that? So tell us about Libber Land.   Keith Weinhold 00:26:04  It's pretty.   Vit Jedlicka 00:26:05  Exciting to.   Robert Helms 00:26:06  Hear Kennedy.   Vit Jedlicka 00:26:07  The candidate for president, talking about his plans to utilize blockchain to make the country transparent and or functioning. Libra is, I would say, at least 5 to 10 years ahead of any other nation states. And utilizing that, we are combining the best technology that is out there with the best ideas, ideology that is out there, which is, of course, libertarianism, making sure that the society as free as possible within some framework of basic rules. So this is exactly what we're doing. And we were looking for a piece of land to manifest that in physical world. And here we go. It's so liberal and it's a beautiful piece of land between Russia and Serbia that was not claimed by any other country for more than 35 years. We came there, we struggled with like we actually took nine years to even get inside of it properly. And now we're building and living there for more than a year.   Keith Weinhold 00:26:58  So this seven square kilometer plot of land between Croatia and Serbia, that is on the Danube floodplain, you've got frontage on the Danube river, even an island and the Danube river here in this Start-Up nation, if you will, of libre land.   Keith Weinhold 00:27:14  Really, as I've come to understand it, one real goal of liberalism is just to have any nation in the world recognize it as its own sovereign nation.   Vit Jedlicka 00:27:25  We actually got a couple countries to write or sign a regular deals, like with other states. We started with Somaliland, which was at the time unrecognized country. It's fully functional. Interesting story. It's actually former Peace of Somalia, which got independence like 25 years ago. And they're fairly finally prosperous and functioning, even without any recognition by any other country in the world. Now, they got recently recognized by Ethiopia. We followed up with Haiti agreement. We were signing a couple more agreements. Right now, I'm actually heading to one of the African countries to sign some friendship agreement. So it's not that the other countries don't recognize us now. We're working hard on diplomacy. You know, we have diplomatic relations with places like El Salvador, where we were on official diplomatic visits. So, of course, traditional form of recognition is one of our priorities.   Vit Jedlicka 00:28:13  But it's not the number one priority, really. Our number one priority is to finish a very close, a whole model of statehood and utilize the 745,000 people that applied for citizenship, for really real building of the country itself and the nation.   Keith Weinhold 00:28:31  Some recognition is coming slowly, but pulling back a bigger picture. Why do this? Why take this on? Why start your own nation?   Vit Jedlicka 00:28:39  Why not? I think leading by a good example is the best way to do things like talking about liberty. I did a lot of educational work on explaining people why liberty works, but it's much better to do things in the practical terms.   Keith Weinhold 00:28:53  Now, what's interesting is, you know, we've talked about freedom and the ideals of freedom earlier. This freedom mean freedom to do whatever you want.   Vit Jedlicka 00:29:03  You know, within some boundaries, of course, as long as you don't breach other people's freedoms and you have to find the right set up. And but right now, the problem with the current society is that there are so many regulations, you don't even know what you're reaching, and you're usually not reaching anybody's property or anybody.   Vit Jedlicka 00:29:20  It's just a bunch of stupid regulations that make your life tough. You cannot do business. You cannot even help your community. It's funny what kind of stuff we are dealing with in Croatia right now. There is a mosquito calamity in the neighborhood around Libre land and the local municipality don't have money to fix it. And they also don't let us to fix it because you have to have special license for fixing it. So everybody is suffering under the mosquito calamity, which is California.   Keith Weinhold 00:29:47  Okay, so that's an example of overregulation, potentially too many laws. You just brought up one of the limits of freedom, potentially. Well, we don't want people to be able to do anything or therefore they might be.   Vit Jedlicka 00:29:57  Able to hurt or to.   Keith Weinhold 00:29:58  Harm another person, but therefore that would be some sort of of law. And then there would be some need to sort of enforce that. So how does a start up country that wants to be a free nation, you know, how do you meet needs like laws and enforcement and perhaps a judicial process.   Vit Jedlicka 00:30:16  Or do you have a standard framework for the country? There is now a newly elected Congress. It's still a test election, but it has been already elected according to all the principles that the blockchain is bringing full transparency, immutability. It happens within the split of second of the very minimal cost. So all these things are actually already happening, and the Congress will now take all the laws that were prepared by the Preparatory Committee. And only if we have the whole framework of the laws necessary to run a state. I have 250 pages of regulations, very simple framework, which already allows a society to function quite well. And I would like to keep it that way. You know, keep the Constitution at the, let's say, the 20 pages and another 230 pages of different laws that define the the ways that the society should work. And anybody basically allowed to read all the regulations in the country within one day. It's not like here, right in the US.   Keith Weinhold 00:31:10  Yes. But its population grows, is the infrastructure grows, is more complicated, needs must be met.   Keith Weinhold 00:31:16  The size of government invariably and inevitably seems to expand with all existing nations in the world. I think the UN recognizes 193 sovereign nations currently. How do you keep the size of government from expanding over the long term in Libya?   Vit Jedlicka 00:31:32  It's a challenge. Of course, but the way we keep it is the way that there is only one institution that can make new laws, and it's kind of a corporate governance of liberalism. But that governance is in check by three other institutions that can get rid of the laws. The first and most important one is public veto. So majority of citizens can veto any law or regulations that they don't like. Second one is the Constitutional Court. So the Constitutional Court looks into the law if it basically is only focused on security and justice or diplomacy, so that the state shouldn't legislate on other things, really let other things to the private sector. So the Constitutional Court strictly looks if it adheres to that. That's another important institution. Then there is something like House of Lords of liberal minded, who can also veto the laws that the corporate governance the Congress actually creates.   Vit Jedlicka 00:32:23  So one institution to make laws and three institutions to get rid of it.   Keith Weinhold 00:32:28  Else about what's there now, the natural resources, the population and the infrastructure.   Vit Jedlicka 00:32:33  Well, that's the beautiful territory with the island next to liberal land. This is part of liberal land. It's called Liberty Island. It's a long, beautiful sandy beach. Right now, the under construction, there is 24, three houses in this area. So it will be one of the third thing will be the tourism. And we need to be able to host the visitors. We are planning two major music festivals and conferences in the summer, which will take place in August and in September. Of course, you're very well invited. We want to promote the tourism in Berlin, but also in the whole region. The biggest resorts. And it's like that with any country that is prosperous around the world. Be it Hong Kong or Singapore, is not the natural resources. It's the capacity of people to freely make, trade and do business.   Keith Weinhold 00:33:20  You're right.   Keith Weinhold 00:33:20  In fact, a place like yes, Hong Kong or Singapore or even Japan itself have been exemplary of that. A place can be prosperous without having many natural resources. It's truly about the ingenuity of the people we talk about. The people tell us more about the population.   Vit Jedlicka 00:33:35  The population. Right now we've got 800,000 people, almost that sign up for citizenship, which is a huge pipeline. I think the reasonable like ideal population of Liberal would be around 140,000. So we cannot even accept everybody to physically live in liberal land because we would be so overpopulated. Right now we've got some thousand citizens and 6500 residents that basically went through the pipeline, and there is a couple dozens of people living on the territory of liberal lands and working and building stuff. So it's kind of fun to see that initial development. very early into the development. There is still a quite a bit of obstacles to really speed up the development of the brand, mainly installed by Croatia, but we're very happy that after all these years we're able to actually be there physically and develop stuff.   Vit Jedlicka 00:34:23  So we're building a small hospital. There are seven construction workers that take care of it. We're also building the Treehouse resort. There is another ten guys working on that, and that there is a bunch of people that came to settle and they're helping with some stuff for the site. And then there is around 150 people that live around Liberal and that are connected and are supporting the movement. Well.   Keith Weinhold 00:34:44  Now we're a real estate platform. We're going to have both public land and privately.   Vit Jedlicka 00:34:50  Every land is private, in a sense. In labor land. The deal is that right now, people can actually come to the land and claim piece of land if they have enough merit. There is are the the shares of liberal land and can actually not even exchange them if they just have them. They have the right to settle things for fun, which is kind of exciting even though there are all these obstacles. But we're helping people to get over them and get the development of the country going as fast as possible.   Keith Weinhold 00:35:16  Can a person purchase merits or purchase land in labor land right now?   Vit Jedlicka 00:35:21  Anybody that donates to Libre land on the website gets the merits.   Keith Weinhold 00:35:26  Are there going to be things like Hoa's in Libre land? Is that something that you foresee? What is actually homeowners associations where you have neighborhoods and boards in those neighborhoods where you know they need to approve of things like, hey, you can only paint your home for different colors, and you need to mow your grass within every two weeks.   Vit Jedlicka 00:35:46  Well, that surely there will be different types of associations and liberal. We're not going to force one or the other type. This property development here on Liberty Island, the three houses and this area will be kind of association of sort. We want to have 24 people that that invest into the tree house, and they would act as a community. They will help each other, but they will also have the place to visitors. To really make sure that we have a good initial settlement for the permanent population. And I would like every single one of these guys to like some nice story behind how they came to live and then why they're building a house there. We want to make a reality TV show out of it as soon as possible as well.   Keith Weinhold 00:36:28  What about currency? The euro is used in the area. But you mentioned blockchain earlier, and I don't think you plan on using the euro in liberally. Tell us about that. We don't do.   Vit Jedlicka 00:36:38  That. We use liberal and dolar. We use liberal and merit. Those are the main currencies that are tied with our blockchain. And the pound dollar was launched on exchanges three months ago, reading quite nicely, steadily at 2 USD per $1 billion. So this is like also demanded currency by our suppliers.   Keith Weinhold 00:36:56  Is it a cryptocurrency? Yes.   Vit Jedlicka 00:36:58  It's just my own currency of our blockchain. Our blockchain is standalone. It's not depending on any other blockchain. Our citizens are the one ones that securely network and run the network. They run the servers. Every single citizen in Lebanon has the right to run the run the network. That's kind of all we know. We're not really being dependent on any other network like Ethereum or Polkadot. We are simply running our own thing with its own main token. The main token is liberal dollar, but the main political token is liberal and varied, and that also comes with the political voting rights.   Keith Weinhold 00:37:32  Do you foresee there being a future rental property market on libre land?   Vit Jedlicka 00:37:39  Oh, of course, of all these, all these three houses are meant to be for rental for bigger events or team building. So this is something that is happening right now, and I wish we could have at least, you know, 50 bedrooms there by the end of summer.   Keith Weinhold 00:37:54  You know, we talked about how society might work on liberally, and why don't we pull back a bit more and talk about that physical geography, because you chose an area that's basically on the Danube floodplain. So it's probably pretty fertile and it's near some other populated nations. But of course, there are some areas of the world that no one else is claiming. Tell us about how you chose this area over. All the others in the.   Vit Jedlicka 00:38:16  Area was in the most reasonable place, I would say, between the two countries that had war, and they learned to sort out things in a peaceful way. And, you know, Antarctica is also on claim, but you don't want to stay there.   Vit Jedlicka 00:38:27  It's for freezing, right? This particular place is heart shaped. It's seven square kilometers. It was a culturally similar environment to where I was born, so I was considering it as a perfect place to start. And you can fit.   Keith Weinhold 00:38:39  You can get all four seasons in Libre land. What else should one know about Libre land that they come approach you with questions about what do people really want to hear about?   Vit Jedlicka 00:38:50  They of course are interested in the sport. They want to see how what kind of utility does it have? They're a bunch of countries where you can use it to get in and out, which is kind of cool. But the main utility for Americans, for example, is that they use it on crypto exchanges, or they use it with different financial institutions as a second passport. If the US passport is not good for that, it's a great membership club, you know, in the country that is just being born. And and it's a great social gathering. Think about this. 35,000 Americans that sign up for citizenship as well.   Vit Jedlicka 00:39:22  We've got a small consulate in every bigger state, or at least a representative person. The branch, for example, here is representing liberals in Washington, D.C. so we've got a nice network of nice guys all around the place, and then a potential big supportive network with all of these people that sign up for citizenship.   Keith Weinhold 00:39:41  Now, how do you get the word out about libertarians so that people can get interested? Of course, we are an example of this right now, as our audience is learning about liberal land and the pros and cons of this concept of a potential condition. How do others learn about it?   Vit Jedlicka 00:39:55  There were articles written in Liberal, and I believe in more than 40,000 different medias actually, so we were pretty heavily covered in past. I believe more than 1 or 2 billion people learned about it through the media outreach, but the word is also spreading from person to person. Like people like it. They get on board their friends, their families. It's kind of exciting to see that.   Keith Weinhold 00:40:18  What about the language in the culture that you see developing here? Will it feel European just based on its geographic proximity? Is that what you foresee, or does it have more to do with where the inhabitants come from?   Vit Jedlicka 00:40:31  The English, of course, is number one language, but we are also developing liberal English out of all the mistakes that we make in English, that makes the language a little bit difficult to learn and understand.   Keith Weinhold 00:40:41  Americans have to learn English.   Vit Jedlicka 00:40:43  We've got a quite nice culture there, which is, of course mixture of the local Slavic culture with this international make sense nowadays, people, a lot of people from Scandinavia that are moving in. I think we've got a very good German group now coming. There is quite a few Americans that are being involved. It's quite difficult, for example, for Americans to stay liberal. And right now we have to improve our relationship with Croatia because Americans are being banned from actually, for some strange reason.   Keith Weinhold 00:41:15  Okay, still some antagonism with your neighbor Croatia. That's kind of.   Vit Jedlicka 00:41:20  The situation.   Keith Weinhold 00:41:20  In Croatia has created some access problems as well. Tell us about that.   Vit Jedlicka 00:41:25  Well, there's been solved. Last year we when we we we came in to liberalize with more than 60 people at the same time. So they had no means of preventing that access. And since that time actually have free entry in an hour of liberalized. We have a small border crossing there with the with the Croatian police and kind of agreement that we can pass in and out, which is nice.   Keith Weinhold 00:41:46  Try to keep things smooth with Croatia there on the one side of Liberal and here this new Start-Up nation. And we're talking with president Vit here of Liberal. And are there any last things that people need to know about liberalism before I ask how they can go to your website and learn more? Are there any just other last things I think we should know?   Vit Jedlicka 00:42:05  It's a great opportunity to visit now with these two festivals. Those are nice social gatherings. It's the floating metal festival in August. That's the way.   Keith Weinhold 00:42:14  Man. Like the Burning Man.   Vit Jedlicka 00:42:15  Yeah, about the float. That's floating, man. Because we're on Danube. And then there is the Liverpool Echo, which is a major international festival that has moved on this year, which is based on an article, a famous Mexican festival that will be a probably the biggest cultural event this year.   Keith Weinhold 00:42:33  Well, literally. And be a success if it is a net exporter rather than a net importer, because it's difficult to have sectors for everything from industry to agriculture in Beyblade.   Vit Jedlicka 00:42:46  Well, our biggest export is freedom. Ideas like it's like Chile spreading like wildfire. think about it. Like for two months we had the biggest immigration in the world. We go to the United States, where there was more people applying for citizenship of liberal. And then there were applicants for green cards in the United States. The idea itself, it's something that the time has come. There is amazing interest in building new countries, building free countries. And right now I can see that we are on the right track when people like Canada are pushing for transparency through blockchain, because we know what they are talking about. We have already done it and we are applying it in the real world.   Keith Weinhold 00:43:24  Well, it's an interesting experiment in this way. You, the listener of the viewer, you can follow it as an experiment, as an example of what to not do or what to do as live land develops. Why don't you let our audience know how they can learn more about it?   Vit Jedlicka 00:43:42  Fairly easy to apply for citizenship.   Vit Jedlicka 00:43:44  You can first become your resident and then come and help some different means. Or you just directly go for the citizenship. It's an investment of $10,000 or donation of $10,000. And you become a member of of our community with the passport and with the right contacts to the right people. That will really help you to get the best out of the community.   Keith Weinhold 00:44:04  Well, I don't have a great chat with a national president every day, but I sure did today. Thanks so much for your time. It's been interesting learning about liberalism. Thank you very much.   Vit Jedlicka 00:44:15  Made me think UK and I hope to see you a liberal one.   Keith Weinhold 00:44:17  Maybe you will. It sounds like a donation of ten K gets you a liberal and passport. Like I said earlier, as of March 1200 people had paid up to that amount for the passport. Music festivals and conferences in Libya. In the next few months, that could be a way to check it out. Now, it's certainly something I'd need to know more about before I could either endorse it or reject it.   Keith Weinhold 00:44:48  Citizenship in Libya planned to get more of the skeptic side. The criticism I would visit the Libyan Wikipedia page and get ready for some dismissal of its diplomatic recognition there. Then you can visit Libre Land Oregon, learn more about citizenship status, the passport actually helping with the construction of the territory and earning libre land merits, which is a cryptocurrency. If you find it interesting, it's a matter for you to do some deep due diligence on next week. The King of Commercial Real Estate will be here with us. Until then, host Keith Wendell. Don't quit your day, Adrian.   Speaker 6 00:45:31  Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of yet Rich education LLC exclusively.   Keith Weinhold 00:45:59  The preceding program was brought to you by your home for wealth building. Get rich education.com.

Immigrants keep pouring into the US' southern border.  How are we going to house them? We're already millions of housing units undersupplied. Some migrants get free housing. Yet there are homeless veterans. Here's what to expect from more immigration: more rental housing demand, more multigenerational dwellings, more homelessness, higher labor supply. Get a simple explanation about title insurance. Our in-house Investment Coach, Naresh, joins us with a real estate market update.  Two popular investment markets are Memphis BRRRRs and Florida new-builds. He provides free coaching at GREmarketplace.com. Timestamps: The immigrant crisis worsens (00:00:01) Discussion on the increasing number of immigrants and the housing shortage crisis in the United States. Housing supply shortage (00:02:44) Analysis of the shortage in housing supply, estimated to be around 4 million units, and the decline in available housing units. Impact of immigration on housing demand (00:05:07) Forecasted impacts of immigration on housing demand and the expected population growth due to immigration. Challenges and solutions for housing immigrants (00:09:03) Discussion on the challenges of housing immigrants and potential solutions, including easing construction restrictions and promoting the building of entry-level housing. Title insurance explained (00:17:29) Explanation of title insurance, its types, and its significance in real estate transactions. Update on property manager's situation (00:15:08) An update on the property manager's situation involving stolen rent payments and the tenant's agreement to compensate for the loss. Mortgage rates and inflation (00:21:52) Discussion on the current mortgage rates and their correlation with inflation, as well as predictions for future rate movements. Mortgage Rates and Fed's Strategy (00:22:54) Discussion on the impact of the Fed's decision to hold rates and its potential effect on mortgage rates. Incentives and Real Estate Markets (00:25:08) Explanation of incentives offered in Memphis and Florida real estate markets, including the BR method and new build properties. Real Estate Investment Strategies (00:29:04) Comparison of the Memphis BR method and Florida new build as investment strategies, emphasizing the benefits of each approach. Property Investment Insights (00:32:16) Discussion on the impact of property ownership and the potential for life-changing outcomes through real estate investment. Economic Uncertainty and Real Estate (00:37:07) Anticipation of potential economic volatility and its impact on real estate investment decisions, emphasizing the stability of real estate during uncertain times. Resources mentioned: Show Page: GetRichEducation.com/487 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”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Hold. The immigrant crisis worsens. Where are we going? To house all these people. A simple explainer on what title insurance is. Then where do you find the best real estate deals in this market today on get Rich education. If you like the get Rich education podcast, you're going to love our Don't Quit Your Daydream newsletter. No, I here I write every word of the letter myself. It wires your mind for wealth. It helps you make money in your sleep and updates you on vital real estate investing trends. It's free! Sign up and get rich education.com/letter. It's real content that makes a real difference in your life, spiced with a dash of humor. Rather than living below your means, learn how to grow your means right now. You can also easily get the letter by texting gray to 66866. Text gray to 66866.   Speaker 2 (00:01:06) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:22) - Welcome to jewelry heard in 188 world nations from Lima, Ohio to Lima, Peru. I'm your host, Keith Weinhold. Get rich education founder, Forbes Real Estate Council member and longtime real estate investor. Our mission here. Let's provide people with good housing, help abolish the term slumlord and get paid five ways at the same time. Immigrants keep pouring into our southern border. In fact, federal agents encountered roughly 2.5 million migrants there just last year alone. Now, though, not all will become permanent residents. Understand? 2.5 million. That's the population of the city proper of Chicago or Houston. All in just one year. How are we going to house all these migrants? This crisis has only worsened in that 2.5 million migrants in a year figure is, according to US Customs and Border Protection data. Now, understand first that America has about 140 million existing housing units. That's what we're dealing with today. By every estimate out there, we already have a housing shortage. The layperson on the street knows that and estimates about its magnitude.   Keith Weinhold (00:02:44) - I mean, they're all over the map, some as high is America is already 7 million housing units undersupplied in order to house our current population. And you have other estimates as low is that we're only 1.5 million housing units. Undersupplied. So let's interpolate and kind of be conservative, or just use a figure closer to a common consensus and say that we are 4 million housing units. Undersupplied. All right. But if that's our given, here's what that means. 4 million housing units undersupplied to merely reach a balanced housing supply, we'd need to build enough homes to meet population growth, plus 400,000 on top of that. And we'd have to do that every single year for an entire decade. Just astounding. And to be clear, that's not to be oversupplied with housing. That's just to reach an equilibrium between supply and demand. Now, the supply of available housing, and this is basically what I'm going to talk about next, is the number of homes for sale at any given time, right. That began gradually descending in 2016.   Keith Weinhold (00:04:02) - And back then it was one and a half to 2 million available units. And in the spring of 2020, like I've talked about before, the housing supply just crashed to well below 1 million, and it still hasn't gotten up from its mighty fall. In fact, it's only about 700,000 units available today. All right, that is the Fred active listing count and Fred's sources there. Statistics from Realtor.com. All right, so that's what we're dealing with. That's a dire situation. All right, well, how do housing starts? Look, are we building up out of the ground enough to maybe start getting a handle on this sometime in the next decade? I mean, is there anything that could be more encouraging than more housing starts? Well, really, there's nothing encouraging there at all. In fact, new housing construction starts have hit a ten month low. My gosh. So that's the supply side. All right. What about the housing demand side? Well America's population grew by 1.6 to 1.8 million people between 2022 and 2023.   Keith Weinhold (00:05:07) - And that number is forecast to climb during the next few years, worsening the housing shortage crisis. And with US births falling and deaths rising, it's immigration, immigration is what is going to fuel the majority of population growth for the next decade. Immigrant related growth that is going to impact local housing markets across the country. And it's expected to hit especially hard in the northeast, Florida, California, Nevada and Texas. And what's happening is outraging some people. Some cities are housing migrants in public places, even arenas, including ones that Texas Governor Greg Abbott has bused to the northeast. And, of course, New York City Mayor Eric Adams has been outspoken about how to handle the migrant crisis. Understand that there are homeless veterans out there in America, yet the state of Maine is giving migrants up to two years of free rent for new apartments. In that right there has made a lot of people. And there are a lot of other cases out there like that of migrants getting free housing. Now, just consider this John Burroughs research and consulting.   Keith Weinhold (00:06:31) - They provide a lot of good information to the real estate market, and they have for a long time credit to them. And by the way, if you'd like us to invite John Burns onto the show here or if you have any other comments or questions or concerns, feel free to write into us through get Rich education. Com slash contact. So you can send either an email or leave a voice message. Well, according to their industry respected data, some of which is compiled through the US Census Bureau back in 2021, that's when we reached an inflection point where the US population grew more through immigration than it did through natural increase in natural change. That is simply the births minus deaths, and that is continued each year since there is more US population growth through immigration than there is through natural increase. In fact, bring it up to last year, our population grew by 1.1 million through immigration and just 500,000 through natural increase, more than double more than double the increase through immigration as natural change. And John Burns makes the forecast through the year 2033.   Keith Weinhold (00:07:47) - So the next nine years, the growth through immigration will outstrip that some more and become double to triple that of natural growth overall. Every single year through 2033, we'll add 1.7 to 2 million Americans. And they all need to be housed somewhere. So the bottom line here is that immigration fueled growth already outstrips natural growth. And that should continue and only be weighted more heavily toward immigrants every single year for the next decade, probably beyond the next decade. We just don't have projections that far yet. Well, how are you going to house all these people when we're already badly undersupplied and understand I'm not making any judgments on saying who or who should not be able to enter our nation. That is for someone else to decide. And in fact, I'm the descendant of immigrants. They're my ancestors. And you may very well be too. And over the long term, immigrants can be an asset. I am simply here asking where and how are we going to house them for the next decade and what that means to you.   Keith Weinhold (00:09:03) - Tiny homes, 3D printed homes, shipping container homes none of them seem to be the answer. And of course, population forecasts. When you look out in the future like that, they're going to vary based on the percentage of successful asylum seekers in the 2024 presidential election winner, and more. So, the figures that I shared with you, they are only the average case. In any case, the crisis is poised to worsen because now you've seen that there is a terrible mismatch between population growth and housing starts. How are you going to solve this? The government needs to ease construction restrictions and promote the building of entry level housing. More up zoning should be allowed. Do you know what up zoning is? It means just what it sounds like increasing the housing density, often by building taller buildings. So up zoning is taller building heights. All right. Well let's look at really.   Speaker 3 (00:10:02) - Four.   Keith Weinhold (00:10:03) - Big impacts that this immigration wave is having on America's already scarce supply of housing. New immigrants typically rent property. They don't buy property.   Keith Weinhold (00:10:16) - So that's higher rental housing demand. Secondly, expect more multigenerational and family oriented dwellings. That's what's needed with additional bedrooms and affordable price points like entry level single family rentals. If you want to own rental property, that right there is the spot for durable demand. And thirdly, I'm sorry, another impact is expect to see more homeless people in your community like I've touched on before. In fact, homelessness is already up 12% year over year. That's partly due to inflation, and that is already the biggest jump. Since these point in time surveys have been used. The biggest ever jump in homelessness are ready. Those stats only go back to 2007. That's when they begin measuring it. And that's according to HUD and federal officials. And then the fourth and final impact of all this immigration is that builders and manufacturers will probably see a small uptick in labor availability these next. Few years. Okay, that part could help. America could help with this labor shortage crunch. But all the other major impacts put more demand and strain on what's already a paucity of American housing supply.   Keith Weinhold (00:11:36) - And the bottom line is that there are too many people competing for too little housing, driving up prices and driving up rents this decade. I've been talking about lots of people moving north across borders. Me, I've recently moved south across borders, though for only a few weeks here. I'm joining you from here in Medellin, Colombia today, where in between doing my real estate research here, I'll be trekking in the Colombian Andes this week and the Ecuadorian Andes next week, when I'll be based in Ecuador's national capital of Quito. And, you know, there's a real estate lesson in this itself. Really? Okay, me traveling to Colombia and Ecuador, people often label and mischaracterize areas that they haven't been to or say they hear of the drug trade in Colombia or of some of the more recent, I guess, civil unrest in Ecuador, where I'll be next week. And they think, sheesh, isn't it dangerous in those places? Oh come on, I mean, sheesh, Colombia is a nation of 52 million people and it's almost twice the size of Texas.   Keith Weinhold (00:12:44) - The question is where? Where in Colombia do you think is dangerous? Don't you expect there would be great variability there? Now you the great listener. You're smarter than the average American. So I think that you get it with last month's continued civil uprising in Ecuador, seeing that story in the news that actually reminded me to book a trip there, the opposite of staying away when they held up all the people at that TV station that was way out in Guayaquil, Ecuador. To tie in the real estate lesson here. Back to your home nation. If you do live in the US or wherever you live like I do, see our investment coach, Andrea. She moved from Georgia to the Detroit Metro a couple of years ago. I don't think you'd want to invest in real estate in Andrea's neighborhood, where she lives in Detroit, because it's too nice. The property prices are high and the numbers wouldn't work for you in an upper end neighborhood of metro Detroit. But people that haven't been to Detroit don't think about areas being too ritzy for investment.   Keith Weinhold (00:13:49) - Well, of course, some of the areas are. Some of my point is, stereotypes are hard to shake. I encourage you to get out and see the world now. I've got an interesting and really an unlikely update on my property manager that had the tenant rent payments stolen from his drop box, meaning I didn't get paid the rent. The property manager, he didn't make good on that and pay me the rent. He wanted me to take the loss from the rent payment that he failed to secure from the paper money order stolen from his overnight drop box. So the manager doesn't want to take the loss. I don't want to take the loss well, and I can hardly believe this, but apparently the tenant has agreed to make the property manager hold. The tenant would effectively pay rent twice for that month, and then the property manager will apparently finally pay me the missing rent after it flows through him. The manager. I don't know if the property manager had to convince the tenant that it's the tenant's responsibility to put the payment right into the manager's hands, or what? So the tenant, what they're going to do is pay an extra $200 a month until the $1,950 stolen rent is compensated, I guess what, eight months of stepped up rent.   Keith Weinhold (00:15:08) - And so I was just really surprised that the tenant would agree to do that. And, you know, in this saga that I've been describing to you for, I guess, the third week in a row now, you know, one Jerry listener, they asked me something like, doesn't your property manager know that you're rather influential in the real estate world? Like thinking maybe I'd get preferential treatment? Oh, to that I say, no, I don't want preferential treatment. I mean, few things are more annoying in society than people that position themselves like that. But I will tell you that I actually did meet this property manager in person before he started managing my properties, and he did wear a suit and tie in the conference room for meeting me, which I thought was interesting. Later today on the show, we've got a guest that's familiar to you. He was somewhat bearish on real estate when he was here with us back in November. That's when he talked about how activity was slow, and you might even want to sit on the sidelines of adding more property to your portfolio.   Keith Weinhold (00:16:10) - We'll see if that's changed today. Now over on YouTube, you might very much like watching me in our explained. Video series because in a video format, I can show you where the numbers come from at. Very simply, break down an investing term like net worth for one video or cash flow, or your return on amortization in another one. There's also a new video in our explained series about title insurance, and this is what you'll hear over there. The title to a house is the document that proves that the owner owns it. Without that proof, the house can't be bought or sold, and title insurance is written by title insurance companies. What a title insurance company does is research the history of the house to see if there are any complications, also known as clouds, in its ownership issues that cloud the title could be like an outstanding old mortgage that the prospective seller has on the property. A previous deed that wasn't signed or wasn't written correctly and unresolved legal debt or a levy by a creditor, like an old lien placed by a contractor who once did some work on the windows and was never paid for it.   Keith Weinhold (00:17:29) - They're all examples of clouds on a title, and make transferring the property ownership difficult or impossible. But if the title appears to be clean, no clouds, then the title insurer writes a policy promising to cover the expenses of correcting any title problems if they would happen to get discovered after the sale. Title companies may refuse to insure a clouded title to be transferred, so it's important to know about any potential issues as soon as possible. Now there are two types of title insurance. There is lender's title insurance and owner's title insurance. First, lenders title insurance. In most areas of the country, the mortgage lender requires that the property buyer purchase a lender title insurance policy to protect the lender's security interest in the real estate. Lender's title insurance is issued in the amount of the mortgage loan and the amount of coverage decreases and finally disappears as the mortgage loan is paid off. And then secondly, owner's title insurance. It protects the homebuyers interest and is normally issued in the amount of the purchase price of the property. Coverage means that the insurer will pay all valid claims on the title as insured, and in most real estate transactions, separate title policies are purchased for the lender and the buyer, and although it can vary by location, the buyer typically purchases the policy for the lender, whereas the seller often pays for the policy for the buyer.   Keith Weinhold (00:19:12) - And that's title insurance, if you like. Simple to the point education by video like that, and you'd want to get a really good look at me for some inexplicable reason. Uh, for more, check out the new explained series. It is now on our get Rich education YouTube channel or next. I'm Keith Reinhold, you're listening to get Rich education. Render this a specific expert with income property you need. Ridge lending Group Nmls 42056. In gray history, from beginners to veterans, they provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge personally. They'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns are better than a bank savings account up to 12%.   Keith Weinhold (00:20:35) - Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate and that kind of love. How the tax benefit of doing this can offset capital gains and your W-2 jobs income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, six eight, six, six.   Speaker 4 (00:21:21) - Anybody? It's Robert Elms with a Real Estate Guys radio program. So glad you found Keith White old and get rich education. Don't quit your day dream.   Keith Weinhold (00:21:40) - Hey. Well, I'd like to welcome in someone that you might have met by now. That is one of our terrific investment coaches. Narration. The race. Hey, welcome back onto the show.   Naresh Vissa (00:21:49) - Keith. It's a pleasure to be back on race.   Keith Weinhold (00:21:52) - I know you've got mortgage rates on your mind. It's been such an interesting topic lately, since they peaked at about 8% back in October of 2023, and almost everyone this year anticipates that now that embedded inflation is lower, that rates of all types are going to fall, rates in inflation are typically correlated. And why don't you talk to us with your thoughts about where mortgage rates are currently and where they go from here?   Naresh Vissa (00:22:19) - Like you said, mortgage rates peaked around October. The fed did their last rate hike in July 2023, so that's why the lagging effect caused rates to rise a little. And then they've been slowly creeping down since October. And what does that mean? Or where do we go from here in this new year 2024? I've been pretty spot on with what the Fed's going to do. I think they made some mistakes. I think they should have done 2 or 3 more 25 basis point hikes in 2023 because we're seeing inflation creep back up.   Naresh Vissa (00:22:54) - And that's a huge problem for the fed because their target is 2%. But that's a completely different topic. We get Monday morning quarterback the fed all we want. The fed has essentially come out and said that their rate hiking campaign is over. They've hiked enough and it's a take it or leave it. They're just going to hold and hold and hold until inflation reaches that 2% target. So what does that mean for mortgage rates? If we know that the fed isn't going to raise rates anymore, that means we are. We've already seen it. Mortgage rates have slowly creeped down. And there is a legitimate chance that the inflation rate that the CPI hits 2% by this summer, there is a chance of that. Right now we're at 3.3 or 3.4%, but there is a good chance that by the end of this summer, let's say August, we hit that 2% target, which means the fed will immediately start cutting rates after that whenever the next meeting is, I think September 2024, they'll start cutting rates, which means that's going to have an effect on mortgage rates.   Naresh Vissa (00:24:00) - We can see mortgage rates plummet even more later this year going into 2025. Now, this is just a prediction. There's a chance that inflation could go up if there is a middle East crisis or World War three or whatever you want to call it, there's a chance that inflation spikes back up and the fed just they could hold rates where they are for two years. I don't have a crystal ball in front of me. There was a black swan event that happened in 2020. Obviously, there could be a black swan event that happens in 2024. We won't know. But what we do know is the fed is done hiking rates and they're going to hold as long as possible until we get to that 2% inflation target. What does that mean for real estate? If mortgage rates are going back down, you're getting a better deal today than you were in October 2023 or November 2023. So it's almost 100 basis points lower from the peak that we saw in October. So interest rates have gone down. They've somewhat normalized to a level that digestible for investors, still not quite digestible for the average homeowner.   Naresh Vissa (00:25:08) - And the best part about this, Keith, is that the providers who we work with are still offering amazing incentives, the same amazing incentives, if not better, with the lower interest rates. So previously we brought up a 5.75% interest rate incentive program, one year free property management, another program that was two two for two years of free property management, 2% closing cost credit, $4,000 property management credit, all sorts of incentives. And those incentives are still in play while interest rates have gone down. So instead of 5.75% incentive that these providers are offering, they're now offering 4.5% interest rate. So that's why I think if there were no incentives, hey, you know what? We should probably wait until the fed starts cutting again. But with these incentives, this is incredible because they're going to be gone again the moment the fed starts cutting aggressively. These incentives are all gone. So you may as well get in. Now when home values have somewhat corrected and some markets are seeing precipitous declines, home value declines, real estate declines.   Naresh Vissa (00:26:20) - So right now it's still an excellent time to invest. Given this economic landscape.   Keith Weinhold (00:26:26) - Gray listeners are pretty savvy. And you the listener, you realize that changes in the fed funds rate don't have a direct change, and they don't move in lockstep with the 30 year fixed rate mortgages. The fed has really loaded up with the fed funds rate near 5%. Now they basically have a whole lot of ammo in the cartridge where they can go ahead and lower rates if the economy begins to get into trouble. One reason mortgage rates are higher than other long term rates is that US mortgages can be prepaid without any penalty. The anomaly in what's been different and what's been happening here is that typically there's a spread of about 1.75% between the ten year note, which has been 4% or so recently. And the 30 year mortgage rate is about 1.75% higher, which. She would put it at 5.75, but instead mortgage rates have been almost 7%. So a greater than usual historic spread between the ten year teno, which is more what mortgage rates are based off of and what that rate actually is, and the reason that that spread has been so high as this perceived greater credit risk or anticipated economic changes like this recession that is always just perpetually around the corner.   Keith Weinhold (00:27:44) - So we don't really know where mortgage rates are going to go. We know that they're not high. They're actually below their long term average. But of course, they just feel high because the only thing that was unusual is the rate at which they've increased. With that in mind here as we talk about mortgage rates nowadays. Why don't you tell us more about the incentives that are being offered right now?   Naresh Vissa (00:28:03) - The incentives are still being offered. The question is, Keith, I want to share two different strategies or two different markets. It's kind of a mix of strategy and market. The two most popular markets we are seeing right now are in Memphis, Tennessee, and in Florida. Still, Florida continues to be hot. Why is that? Why these two markets? Well, number one, Memphis still has a lot of rehab properties that you can purchase in the 100 to $150,000 range. Before the pandemic, it was common to see properties selling for 60 to $80,000. Those properties are a dime a dozen now, because of what we've already talked about the inflation, the home values, rising real estate going up.   Naresh Vissa (00:28:51) - Memphis still offers those options. Now we work with a provider in Memphis who specializes in the BR method, the B or R r. So it's for cause the BR.   Keith Weinhold (00:29:04) - It's not the February temperatures. BR yes.   Naresh Vissa (00:29:07) - Yeah. It's not the February temperatures. It stands for you buy rehab rent then you refinance and then you repeat it with the next property. So buy rehab rent refinance repeat. So this is a little different from your traditional real estate investing where you're just buying. It's already rehabbed. So you're buying renting it out. And then end of story here. It's a strategy that is meant to build equity. Almost immediately. You rehab it. And look we're not going to get into the details of this right now. I highly recommend that, folks, they can go to the GRE marketplace and set up a meeting with me if they want to talk some more about BR or if their experience and they know about BR, they may not know that we offer BR properties. But our investors have loved Memphis, BR.   Naresh Vissa (00:30:02) - They have loved it. They have bought more and more is one of our hottest asset classes or strategies right now. Memphis BR so highly recommend it. What are the incentives? There actually no incentives that our Memphis, BR provider is offering, because the incentive of the BR strategy is enough to get people to keep buying. They keep getting inventory, they don't run out. They find ways to make it work. Now in Florida, we work with a provider who we've featured on this show a couple of times before, and they're owned by the largest Japanese real estate developer called Sumitomo Forestry. They're one of the largest Japanese companies in the world. Warren Buffett owns a huge stake, Berkshire Hathaway in Sumitomo. So I highly recommend this Florida provider because they're able to offer properties that values that other providers can't compete with at prices that other providers can't compete with. They're offering the incentives that I told you, the 4.5% program, in some cases, you can buy down the rate all the way down to 4.25% if you want.   Naresh Vissa (00:31:10) - They have two years free property management or one year free property. It just depends on the package that you choose. They're offering closing cost credits. You can negotiate the list price. These are the two most popular partners we are currently working with, and I highly recommend if you are liking this real estate market, you're seeing lower interest rates. You're seeing that there's been a correction in home values and you want to get in right now. Contact your investment coach. If you don't have an investment coach, go to the marketplace. You can select me if you want, or you can select the other investment coach Andrea, it's up to you and we can share more information.   Keith Weinhold (00:31:52) - You're talking about two different strategies here, the Memphis BR and the Florida Newbuild. And I think of the Memphis burger is something that's lower cost. It's for an investor with a more aggressive disposition where it will take some of your involvement, even though it's still only going to be remote involvement. And then on the flip side, with the Florida new build, you're going to benefit from those low bought down rates that the builder will buy down for you.   Keith Weinhold (00:32:16) - The longer you plan to hold the property, the more the rate buy down is going to benefit you. And then also think of the Florida new build is kind of being a low noise investment.   Naresh Vissa (00:32:29) - You're absolutely correct, Keith. So I highly recommend those who are sitting on the fence. I've come on this podcast before and said, hey, Keith, you know, right now I'm not really sure where things are going. Like it's a little dead. Maybe investors should hold off.   Keith Weinhold (00:32:44) - Yeah, back in November, that was your guidance?   Naresh Vissa (00:32:46) - Yep. That was. And now I think because we've seen the lower interest rates, you can just get in at a much better deal. Everyone can be happy. I think our investors would be happy. And it's a great time to start investing in real estate again. Don't put it off. I remember when I first got into real estate, I was putting it off, putting it off, and I look back and I say, man, I should have gotten in four years earlier or five years earlier.   Keith Weinhold (00:33:13) - How many properties do you think it took for you to buy until it changed your life? For me, it was probably when I bought my second fourplex and I had eight units. But I think if you're buying single family homes, it takes probably fewer units than that to really start changing your life.   Naresh Vissa (00:33:30) - Yeah, one units aren't going to change your life. Two units aren't going to change your life. In my case, it's just a personal story. I bought one the first year, another one the second year, and then my third year I scaled from 2 to 7. That was the life changing experience right there. And the last two properties I bought were new construction. So number seven and number eight were new constructions. And that also changed my strategy too, because I said, hey, new construction is just so much better than these older rehab properties, just less headache. We've talked about this before on previous episodes, and so moving forward, I'm actually saving up right now to buy my next new construction property.   Naresh Vissa (00:34:13) - New construction. Me personally, I think that's a way to go, there's no doubt about it. And because I went from 2 to 7, that was the game changer for me, at least on the taxes on the passive cash flow. And look, I'm relatively young. I'm in my mid 30s. But when I think about retirement, which I don't think about much, but sometimes I do, and when I do think about it, I'm like these eight properties, if I hold on to them, that's a nice retirement that I have in retirement. That's a great passive cash flow. By then the mortgages will be paid off. Although we believe in refi til you die. Just to get a little more specific about some of these incentives, I'm looking at the Florida ones right in front of me. Option one, for example, is a 4.25% interest rate. That's where the buy down the 2.75% buyer paid point buy down. But it comes with two years of free property management. I think the best deal if you want zero buy down it's two years of free property management seller paid closing costs of 1.5%.   Naresh Vissa (00:35:19) - So that's a 1.5% closing cost credit and a 5.75% interest rate that you'll be locked into. I think that's a pretty darn good deal.   Keith Weinhold (00:35:30) - There are some attractive options there. Yeah. It's interesting you raised when you talk about how many properties does it take to change one's life. Yeah. You're right. When you buy your first property, your second property, it isn't life changing. You probably haven't own property long enough yet to benefit from leverage, and surely not cash flow just off 1 or 2 properties. But what happens is you accumulate more is sometimes you don't have to use and save up your own money to buy a new property. You might want to do that, but at the same time, the properties that you bought a few years ago have built up enough equity. So now that rather than your money buying new properties, it's like your properties, buy your new properties for you as you do these cash out refinances. And that's where you really get things rolling. So it can take a few properties and a few years.   Keith Weinhold (00:36:16) - But nowadays you're so right about the opportunity really being with New Build. Today I'm a guest on other shows and a lot of people are just an economics host. They think about real estate investing, they think about higher mortgage rates, and they're like, you know, where's the opportunity for an investor today? And that's usually what I tell him. It's with these builder rate buy downs on new build properties. Take advantage of that this year.   Naresh Vissa (00:36:38) - Absolutely. So like I said great marketplace. You can get more information set up meetings with Andrea or me or whoever you're assigned investment coaches. If you don't have an assigned investment coach, take your pick and let's get your real estate investment journey either started or on cruise control.   Keith Weinhold (00:36:57) - If you have any last thoughts, whether that's this year's direction of prices or rents or the economy as it relates to real estate or anything else at all.   Naresh Vissa (00:37:07) - Well, Keith, I think we're about to see and we don't get political on here, but for whatever reason, we tend to see crazy financial markets during election years, whether it's presidential elections or midterm elections.   Naresh Vissa (00:37:22) - We saw the stock market drop wildly in 2022 during a midterm election year. Of course, 2020 will never forget the craziness of lockdowns and masking and social distancing and what the financial markets did. I mean, all the at least the stock market. President Trump lost all the gains that he had in the stock market as president, were lost in over a two month period in February and March 2020 because of pandemic. And then they came surging back. So the point that I'm making here is economically, I shared my vision of just systematically, I think inflation is going to hit the 2% by the end of the summer. The experts initially thought it would hit the 2% by March. In the latest CPI reading showed that inflation actually went up. I think we're going to see some type of, I don't want to call it a black swan, but this year is not going to go according to plan. Maybe the inflation plummets because something deflationary happens. Or maybe the inflation rises again because something inflationary happens. That's just not on our radar.   Naresh Vissa (00:38:30) - So how does that affect real estate. Well that doesn't change what we said five minutes ago, which is right now, today. Given all this uncertainty, today is still a great time to jump in, because if there is a deflationary event, you can always refinance your rate in a year or two when rates are much lower. And remember, mortgage rates are tax deductible.   Keith Weinhold (00:38:54) - A presidential election year brings more uncertainty than usual. You can buffer yourself from that volatility with real estate and investment that's more stable than most anything else out there. I encourage you, the listener, to check out Naresh and the other coach, Andrea at Great Marketplace, and it can really help you out and help you put a plan together. Hey, it's been great having your thoughts. I think the listeners are going to find this helpful. Thanks for sharing your expertise. Thanks, Keith. Yeah, there's some valuable guidance from Naresh on where the real deals are in this market today. Memphis Bears and Florida, new builds. They're really just two of the dozens of options from Gray's nationwide provider network.   Keith Weinhold (00:39:44) - Learn more, see all the markets or connect with a coach all at Gray marketplace.com. Enjoy the Super Bowl I'm Keith Weinhold. Don't quit your Daydream.   Speaker 6 (00:39:59) - 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.   Speaker 7 (00:40:27) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

After discussing the direction of rents, learn about an ominous new tax that's proposed. SCOTUS and Congress are considering a tax on unrealized gains.  For example, if your gold or furniture appreciates from $5K to $8K, would you have to pay a tax on the $3K gain, even if you keep owning the gold or furniture? Tom Wheelwright from WealthAbility joins us to discuss this. Though this is considered a “wealth tax”, the middle class would have to pay it. The tax case being heard is called “Moore vs. United States”. We expect it to be decided this year.  Tom & I discuss how few people understand marginal income tax rates' progressivity. The last dollar that you earn is taxed at your highest rate. The first dollar that you earn is taxed at your lowest rate. Timestamps: Factors Driving Rent Growth (00:02:45) Inflation, lack of inventory, expired rent freezes, shifting workforce, demand for single-family homes, high employment, barriers to homeownership. Promising Development in Multifamily Construction (00:05:33) Multifamily construction reaching a 15-year high, new supply likely to slow down apartment rent growth, inclusionary housing requirements for new construction. Current Rent Trends (00:08:04) Single-family rents up 5%, apartment rent growth at 3%, highest rent price growth in the northeastern quadrant of the US. Supreme Court Case: Moore v. United States (00:11:47) Overview of the case, implications of taxing unrealized gains, arguments for and against the taxation of unrealized income, potential impact on everyday investors and citizens. Challenges of a Wealth Tax (00:18:07) Discussion on the problematic nature of a wealth tax, potential impact on individuals and assets, comparison to estate tax, and potential implications of a wealth tax on various assets. The tax on unrealized gains (00:22:43) Discussion on the potential impact of a proposed wealth tax on unrealized gains and the complexities of taxing assets while they are still held. The regressive nature of wealth taxation (00:24:38) Exploration of the regressive nature of wealth taxation and the challenges in implementing and managing taxes on wealth. Tax laws and equal protection (00:27:19) Insights into how tax laws apply equally to everyone and how billionaires benefit from better advisors to minimize tax payments. Tax rate misconceptions (00:30:15) Clarification of misconceptions about tax rates, including the progressive nature of tax tables and the impact of earning more income. Tax strategies and investment decisions (00:32:17) Exploration of tax benefits related to investment strategies, including the impact of deductions and the suitability of IRAs for different investment types. Updates on tax laws and book release (00:34:57) Announcement of the third edition of the book "Tax-Free Wealth" and the incorporation of major tax law changes into the updated edition. Wealthy's tax contributions and future episode preview (00:36:03) Discussion on the tax contributions of the wealthy and a preview of a future episode topic on the feasibility of abolishing property tax. Conclusion and show updates (00:37:13) Closing remarks on upcoming content, including the landmark episode 500, and a call to subscribe to the show for valuable insights. Resources mentioned: Show Notes: GetRichEducation.com/482 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”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold, and it's a new year. We talk about what drives the growth of rents. Then a gigantic new tax is being proposed that could fundamentally change virtually every current investment you own and future investment you make today on Get Rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of hours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text GRE to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Day dream letter and it wires your mind for wealth.   Keith Weinhold (00:01:18) - Make sure you read it. Text grey to 66866. Text GRE to 66866.   Speaker 2 (00:01:30) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:46) - What could go from Beckley, West Virginia, to Boise, Idaho, and across 188 nations worldwide. You're listening. To get rich education, I'm your host, Keith Weinhold. What about this new proposed wealth tax? Should there be one? How big is it? As you're gonna find out, you would probably even have to pay this huge new proposed tax. If you're in the middle class. That's all. If it gets legislated, that's coming up shortly. But first, last week I told you about the future direction of home prices. As I revealed our 2024 National Home Price Appreciation Forecast this week, let's talk about the direction of rents in America, higher prices for everything that could make tenants feel tapped out. Although we have now had a few months of wage growth picking up before we get into the rent trend, this is get rich education.   Keith Weinhold (00:02:45) - So focusing on the education part as we often do, what are the factors that drive rent anyway? What drives rent growth and how did rent get to feel so expensive for a lot of people? Well, the fast growth of rent costs since 2020 that derives really from a number of factors, including inflation and also including a lack of inventory. There is a shortage of vacant rental properties in general and of affordable ones in particular. You've also got those expired rent freezes and expired discounts. I mean, landlords are making up for pandemic era rent freezes and steep discounts in urban areas. And by doing that, what they've done now is hiked up prices on new units and on lease renewals. Another factor that drives rent growth is what's happening with the workforce. And we've had a shifting workforce. As the pandemic increased, the popularity of remote work, you had deep pocketed renters that sought out larger homes, often single family homes, in areas that had previously been pretty low cost. So this migration then it increased the rents in suburban and outlying areas more than it lowered them in urban ones.   Keith Weinhold (00:04:06) - And see that trend overall that yielded a net increase in rents. And then another factor is that you have more demand for people to live alone. Prospective renters are increasingly looking for studio in one bedroom apartments, driving up demand for available housing, and that drives demand for space and therefore rent growth, because living alone, that means that rather than two people demanding to live in one unit, two people demand two places to live. And of course, high employment like we've had. That's another factor that drives rent growth over time. And the last factor that I'll share with you as a rent growth driver are barriers to homeownership. Yeah. Prospective homeowners, they remain renters for longer because they face high demand and low inventory on those existing homes. Like I've talked about before, higher mortgage rates. And you had those supply chain disruptions that really began a few years ago. Most of those are alleviated now, but that made it more expensive and more difficult to construct new homes. And then as mortgage rates rose starting back in early 2021, housing prices, they cooled off faster than rents, and rents are finally rising at a slower pace now then they did in the past two plus years.   Keith Weinhold (00:05:33) - And so those are the factors that drive rent growth. Now. Back in 2022, a promising development began, promising for those that are looking to pay less for housing in the future anyway. From their perspective, and that is the fact that multifamily construction reached a 15 year high nationwide, and that new supply is what's likely to slow down apartment rent growth. And since many cities require really this inclusionary housing, that means that a portion of new housing needs to be affordable. Well, therefore, new construction also means new affordable housing. Again, that's predominantly on the apartment side. But see, many families, they want a single family home. They want that privacy. They want that separation. They want to live in something that feels like their own, but they can't afford a single family home to buy. So they rent one. And, you know, I thought Zillow recently pointed it out really well when they said that single family rentals are the new. Their homes. They appeal to those that are priced out of buying.   Keith Weinhold (00:06:49) - And now you can see this reflected in rent growth. So now that we talked about some of the longer term drivers of growth, let's talk more about the current period of time. We don't have Q4 numbers in yet, but through Q3 we can see that the growth of single family rents is 5%. All right. That sounds healthy. And it is. And that's per John Burns research and Consulting. But that 5% increase is down from two years ago when it had its recent peak of between 9 and 10%. So again, right there, we're just talking about the annual growth rate in single family rents. It's about 5% through the latest quarter that we have stats for now. Compare that 5% to apartment rent growth, which is about 3% today. Even in an economic slowdown, rents rarely fall. And by the way, if rents ever do fall, I call it falling rents. Or perhaps I use the phrase declining reds for some reason. If price is contracting anything, some economists and analysts and others, they refer to this as negative growth.   Keith Weinhold (00:08:04) - I don't tend to use the term negative growth. That's confusing. I just call it a decline. Okay. Negative growth. That makes you wonder if someone means slowing growth rates or do they mean an outright decline. So negative growth is an oxymoron like jumbo shrimp or black light or friendly fire, or telling someone to act natural, or perhaps a working vacation? Okay, that's what negative growth means to me anyway. Now rents, whether it's single family rentals or apartments, when you blend those together regionally, you're seeing the highest rent price growth in the northeastern quadrant of the United States, which oddly contains a good chunk of the Midwest. So you just look at the northeastern quadrant of the United States. So leaders in red growth we're talking about here Providence, Rhode Island, Hartford, Connecticut, Cincinnati, Columbus, Saint Louis, Milwaukee and Chicago, they are all on that list. The highest rent growth blended together, single family rentals and apartments. By the way, two months ago I was in Hartford, Connecticut for the first time in a while.   Keith Weinhold (00:09:18) - Nice skyline there. Yeah, Hartford. You have an impressively urban feel for a city that's not among America's largest. Now. You're seeing slight rent price declines this past year in a lot of their really big, swaggering, broad shouldered gateway cities New York City, San Diego, San Francisco, San Jose, and also in Raleigh, North Carolina. I'm not sure what's going on in Raleigh, North Carolina, with their sluggish rent growth, but here, as testimony to the fact that rents don't often fall far, all of those bigger cities that I just mentioned, these big losers, they're only down between one half of 1% and 1% for year over year rents. So to review nationally in the last year, single family rents are up 5% and apartment rent growth is up 3%. But both have slowed from a couple years ago. Can the federal government tax your unrealized gains, also known as a wealth tax? We're going to talk about what that means. But how far could this go? If your home appreciates a 30 K in a year, but you want to keep living in it, might you have to pay tax on that gain even though you don't sell it, you just want to keep living there.   Keith Weinhold (00:10:41) - Could that even apply to you? If you own furniture that goes up in value, but you kind of like dining at that nice mahogany table of yours, could you get taxed on that every year? If the value of that goes up? And then you would have to ask the question, where are you supposed to get the money from in order to pay the tax? Might you have to sell that asset in order to pay the tax on it? So let's discuss a wealth tax that is tax on your unrealized gains. A renowned tax and wealth expert is back on the show with us today. He's also a CPA and the CEO of a terrific tax firm called Wealth Ability. He's the best selling author of the Mega-popular book Tax Free Wealth, which I have on my bookshelf. And a third edition is about to come out. He's going to tell us more about that. Hey, welcome back to Dr. Tom Wheelwright. Thanks, Keith. Always good to be with you. It's good to be with you, too.   Keith Weinhold (00:11:47) - And I think it's going to be especially informative and maybe disturbing this time, Tom, because really, it's been called the quadrillion dollar question. This is where Supreme Court justices decide whether the federal government can tax certain unrealized gains. And what this means is that these are assets that you own, but yet you haven't sold yet. So, Tom, tell us about this Supreme Court case hearing it known as more Maori versus the United States. Yeah. So this is a couple that invested in a company in India. They owned, I think, 12 or 13% of the company. And when the 2017 Tax Act was passed, what we commonly think of as the Trump Tax Act, one of the provisions was that in order to go to a taxation where you couldn't just put off bringing back the money all the time, they said, well, look, we're going to have a one time tax, we're going to have a tax on repatriated earnings. Some of you have heard that term repatriated earnings as if they came back.   Keith Weinhold (00:12:56) - Okay. So whether or not they came back as if they came back. And if you're a shareholder of 10% or more, then you have to pay that tax in certain situations. And so the laws actually had to pay the tax. This was the tax on the income of their corporation. So the corporation could have its own tax. But this is actually a tax on the shareholder. So that's actually where this is interesting because is similarly frankly we have taxes on partners and partnerships. Right. If you're a partner in a partnership you're taxed on that income. Whether or not you get the money in a corporation, typically you're not taxed on the income unless you get the money. That's a dividend. If you don't get the money, the corporation's taxed, but you aren't taxed. This was a situation where it's a corporation, but the shareholders were taxed. The Moores are arguing, well, this is equivalent to a wealth tax. And it's actually why I think the Supreme Court took this up, because it's not a case that you would normally think the Supreme Court would agree to hear.   Keith Weinhold (00:13:57) - Well, I think where this concerns people is, could this open up things so that the everyday person and the everyday investor could have to pay these unrealized gains on assets that they own, that have not sold? I mean, even their primary residence, if that appreciates from 500 K to 550 K, are they going to owe tax on that 50 K even if they plan to continue to stay there and hold on to it because they want to live their. That's what certain members of Congress would like. Liz Warren would absolutely like that to happen. Bernie Sanders absolutely like that to happen. I actually think that's why the Supreme Court took up the case, is because I don't think the Supreme Court believes that that should happen. I think it's going to come out. They're going to narrow what a wealth tax can and can't be, because I think they need to because they need to say, look. So we've had oral arguments already. So we expect a decision out sometime this year. But basically the arguments by the IRS were we do this all the time.   Keith Weinhold (00:14:56) - We have taxes, unrealized income. We have mark to market on stock trading. So that's a tax on unrealized income. We have a tax on partnerships. That's a tax on realized by undistributed income. The reality is this tax the Moores are are arguing against is a tax on realized but undistributed income. I think that's where the Supreme Court would come down. I'm actually willing to make a prediction on this because I think the Supreme Court say, well, this isn't a wealth tax, and a wealth tax would be prohibited under the Constitution because that would have to be based on population. A property tax, for example, is a wealth tax. Then the US that's reserved to the locales. We can't do a federal tax. We couldn't have a federal property tax. And that's, I think, what the Supreme Court is going to say. You can't have a federal property tax that's prohibited by the Constitution. You now have local property taxes because the locals can do whatever they want. But unless you have it apportion among the states based on population, you'd literally have to have a poll tax, which is a tax per person, as opposed to a tax on the value of what a person owns.   Keith Weinhold (00:16:07) - That's the difference. So there's a lot of complications. That's a direct tax versus indirect tax, all that kind of stuff. I think the important thing is to understand that there are realized, but undistributed income, that's like a partnership, right? You can be a partner in a partnership. The partnership really uses the income. They get the money, but they don't distribute it. As a partner, you're taxed on your share of that income. It has been realized you just haven't gotten it yet. This is, by the way, very similar to the Moore situation. That money, that income was earned that just hasn't been distributed yet. And the question is the fact that they haven't distributed, does that mean they can't tax it? The odd thing is, is I think the Moores are going to lose the case. Moores will lose the battle and win the war. This is a small amount of money, right. So this is obviously the Moore is not trying to save money. There's way more money being spent on legal counsel than the tax.   Keith Weinhold (00:17:03) - So the Moores aren't doing this. This is people behind saying this is a good test case. We need to put a stop to the wealth tax conversation of Liz Warren and Bernie Sanders and Wade. And this is a case to do that. That's really what kind of the background is. That's all the background of this court case is what's really going on and what's really going on is the Ninth Circuit made it sound like any taxes find. And the Supreme Court said, well, we're going to take this up because I think a majority thinks we don't think any tax is fine because clearly under the Constitution, not any taxes. Fine. We're going to help define that. And so I think we're going to get some better clarity on what kind of taxes Congress can enact. Ultimately, I think the Morse will lose their case. Yes, the more clarity is good. I mean, the Supreme Court knows that this is a contentious issue, and I sure want any discussion to get shut down. It might lead to everyday investors and citizens paying tax unrealized gains.   Keith Weinhold (00:18:07) - I mean, with that example that I gave you of, say, a couple that owns a 500 K home and they want to keep living in it, but it just happened to go up to 550 K. I mean, where would they get the tax to pay on that. Well yeah. Well that's another problem. You can talk to any fixed income retiree and they'd have the same complaint about property tax. Sure. Yeah I don't know where this could go. I mean, what if you own rare furniture in your home? Okay. This furniture is worth more at the end of the year than it is at the beginning of the year. But yet you didn't sell it. You just continue to use your furniture. I mean, could that get taxed? It's a terrible slippery slope. And, you know, they talk about, well, don't give me I'm billionaires. I'm going okay. But let's face it, the income tax was only supposed to be on billionaires, okay. The equivalent of billionaires.   Keith Weinhold (00:18:51) - You had to make a lot of money to be subject to income tax in 1913. Yeah okay. So we know it's going to come down. It always does the tax law. You know politicians never like to give up any tax money. They always are trying to apply to more and more people more and more income. So it is problematic. You know, the idea of a wealth tax is very problematic. You know, several European countries have tried it and they've all failed. France tried it. And people like Gerard Depardieu, um, the actor, he just left France, you know, people leave now, what Bernie Sanders wants to do, this is fascinating. He wants to put an exit tax. So if you do leave, you still have to pay the tax. You actually have to pay a tax to leave. So basically what Trump is, he wants the Berlin Wall, but he wants an economic Berlin Wall. Right. That's what he wants. He wants an economic wall. He's going to complain about the wall bordering Mexico, but he's going to put an economic wall around everybody and not allow you to leave.   Keith Weinhold (00:19:50) - It'd be like somebody, California, putting a wall literal wall up and saying, you can't leave California, right. That's kind of the idea that. And if you do leave California now, California, in fact, they talked about it in 2023. And actually, interestingly, the governor defeated it. They talked about imposing an exit tax. So if you leave California, you have to pay a tax for leaving. And fortunately he defeated that. He crushed that. I mean, not sure why he did that, but he did understand the states have more power to tax than the federal government does. Federal government is limited in its taxing power, and it's really limited by the 16th amendment that allowed a pure income tax. The question and this is the argument that Sanders and Warren are making, is that it is income. And the reality is we do have billionaires who pay no tax. And the reason they pay no tax is because their stocks, which are public, go up in value. They're not required to sell them.   Keith Weinhold (00:20:51) - They can borrow against them and they never pay tax. So the argument is, well, wait a minute, that's not fair. That's a decent argument. Honestly. The challenge is yeah, if you could really say we're going to limit it to billionaires and we're going to limit it to publicly traded stock, you're fine. Not a big deal. But it never gets limited. And that's the problem. It never ever gets limited. Once the camel gets its nose under the tent it just right going on taxation all over the tent piling on and not get pulled away. They don't remove layers of taxation. It seems once the president is sent somewhere, it just seems like it continues to spread. Tom, if I could just give one last example on this. If this ever goes to where unrealized gains get taxed and how absurd this all is, just say you. Oh, gold and gold goes from $2000 to $5000. You don't sell it, you just keep holding on to it. And then you'd have to find the income to go ahead and pay the tax.   Keith Weinhold (00:21:48) - Well, you'd have to sell gold. And that's actually what they want. They actually want you to have to sell the gold. Oh, they would want gold to be sold to sell the gold. I want you to sell the stock. So the goal behind the wealth tax is to force you to sell these assets and pay the tax. Okay. Now we have a wealth tax. It's called an estate tax. That is a wealth tax. And there are businesses. There are families who have to sell their family home. They have to sell their family business. They have to sell their family farm because of the estate tax. And so this is another argument that the proponents of wealth tax are making is, wait a minute, we have a wealth tax already. It's called an estate tax. If we can have an estate tax, why can't we have a tax currently? Why do we have to wait until somebody dies to impose that tax? It's an interesting argument. I'm not a policy guy. I'm not one to make policy.   Keith Weinhold (00:22:43) - I want to explain policy. It is a question. If I can have a tax on wealth when you die, why can't I have a tax on wealth while you're alive? Sure. And I thought through the scenario as well. If the river is a tax on unrealized gains, whether that's your house going up in value or furniture or gold after you would pay this unrealized tax, then in the end, when you do want to sell it, what if you sold it for less than you thought it was worth? And then how the heck do you go back and adjust that for the tax that you are now in it? And it actually gets worse than that. Keith. Let's say we have a boom market this year and next year we have a recession. Are we going to get the money back? Exactly. And that's the hardest part because the answer is clearly, no, we're not. I mean, because think of it right now, we have a provision in the law that taxes capital gains.   Keith Weinhold (00:23:35) - There's an argument capital gains should never be taxed because especially at least if there are a capital gain because of inflation, they should never be taxed. If you actually went up in value, yes, they should be taxed. But if they're just inflated in value, why are you paying a tax on something that's not worth anymore than it was five years ago that got the same value? It's just got a different price. But we have a capital gains tax. But think about this. Let's say you have a year and you sell stocks and you have this big game. And the next year you have a loss because you sell stocks because everything went down well. You don't get to use those losses to offset your income. You have to carry those losses forward forever until you have gains again, you don't get go backwards with those losses and recapture the gains that you paid, you know, last year. So we already have this problem built into the system. And now all you'd be doing is exacerbating it. The other problem with, by the way, is that it's very regressive in that you're talking about people taxing their wealth.   Keith Weinhold (00:24:38) - Now, you can put limits, right, which is what you would have to do. And you say, well, look, your personal residence, we're not going to tax, you know, we're only going to tax the excess, which is, by the way, what income tax originally was. It was only excess investment income. You were never taxed on wages. When the 16th amendment was passed there was no tax on wages. We didn't get a tax on wages until 1944. You go, well, we'll exempt all these today. What about tomorrow? And that's always the issue. I'll tell you, the taxes just keep piling and piling on. We're going to talk more about taxation with Tom. We're right when we come back you're listening to University Kitchen. I'm your host Keith Reinhold. I render this a specific expert with income property you need. Ridge lending Group Nmls 42056. In gray history, from beginners to veterans, they provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's.   Keith Weinhold (00:25:39) - Start your pre-qualification and chat with President Charlie Ridge. Personally, though, even customized plan tailored to you for growing your portfolio. Start at Ridge Lending group.com. Ridge lending group.com. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns are better than a bank savings account up to 12%. Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate and that kind of love. How the tax benefit of doing this can offset capital gains and your W-2 jobs income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, 686, six.   Tom Wheelwright (00:27:02) - Anybody? It's Robert Elms or the Real Estate Guys radio program. So glad you found Keith Reinhold and get rich education. Don't quit your day dream.   Keith Weinhold (00:27:19) - Welcome back to cash. We're talking with Tom Wheelwright, the author of the Mega-popular book Tax Free Wealth. He runs the terrific tax firm called Wealth Ability. Tom, you often like to talk about how really, in a lot of cases, tax laws can apply to everyone, but do business operate really under the same tax laws as a middle class or us in the middle class? Really take a page out of what billionaires are doing. How can we best do that? So we have a wonderful aspect of the Constitution, a clause called the Equal Protection Clause. And what it says is taxes have to be applied equally to everybody in the same situation. So what we're billionaires are different is they have better advisers. That's where they're different. So their advisors know all the rules of the tax law. They pay them hundreds of thousands, millions of dollars a year to make sure that they're paying the least amount of tax possible.   Keith Weinhold (00:28:14) - Presumably, all they're doing is following the law. Those same laws apply to you and me. So that's why, for example, somebody who owns a single family home that they rent out to an unrelated person is entitled to the same tax benefits as somebody who owns a 200 unit apartment complex or somebody who owns Trump Tower, as an example. Okay. You get the same tax benefits in the same situation. The challenge that, you know, the average person has is not enough access to those advisers and a misunderstanding of how the tax law works, because this whole idea will the billionaires get different tax than the average person is just false. That's just a falsehood that is propagated by a certain part of the public in a certain part of the administration that wants to add another tax to billionaires. The reality is we all get the same tax. The difference is, is that if you're a billionaire, let's say you made $1 billion a year and you paid $400 million in tax. You still have $600 million left over, which is more than 99.999999% of people have in a lifetime.   Keith Weinhold (00:29:25) - So it doesn't really hurt you. It doesn't change your lifestyle. Whereas if you put a 40% tax on somebody who makes $200,000 a year, now they're going from 200 to 120, and that has a major impact. And you're really just explain one reason why in the United States, we have tax tables set up that are what we would call progressive, where the more you make, the more you pay. But yeah, you're right, Tom. There are just there's such a knowledge gap out there. I have something happen to me. I bet it still happens to you a lot. Or I will talk to people and they say something like, well, I don't want to earn too much money this year. I'll go from the 24% tax bracket to the 30% tax bracket, and they act like all of their income is then going to be taxed at 30%. So they don't want to earn too much. So I'll tell you a funny story. Yeah. So I used to teach a class every month we'd have anywhere from 30 to 100 people in the class.   Keith Weinhold (00:30:15) - And I'd always do an example and I'd say, okay, let's say that you earn X amount of dollars and you get a $5,000 bonus. What's the cost of that $5,000 bonus from a tax standpoint? And I would say a good 40% of the class would come up with about $8,000. Was the cost of the $5,000 bonus, because just like you say, well, that puts me in a new bracket there for all my income is being taxed in the new bracket. No, it is progressive, meaning the last dollar you earn is taxed at the highest rate, but the first dollar you earn is taxed at the lowest rate. And that's important distinction because we're never taxed on more than right now. It's actually 40% because we have net investment income tax. So you're never taxed on more than 40% of your income by the federal government. You just can't be. So you can make whether you make a, you know, $1 million a year, $1 billion a year, $10 billion a year, your maximum tax rate is 40%.   Keith Weinhold (00:31:14) - That's an epiphany to some people to learn that tax rates are progressive, like you just explained with that $5,000 bonus example, why don't you tell us about another tactic or another example like that? We have a lot of savvy listeners. A lot of Marty realize that marginal example. Can you give us another one about how there's something relatively simple that can really elevate one's and lower their tax rate? Yeah. Let's go to the flip side of that. If the last dollar you earn is taxed at your highest rate, the first dollar you deduct is deducted at your highest rate. Great point. This is why, by the way, and if you read my book, The Windmill Strategy, I talk about this in chapter eight. I used to say for a long time that you never got a permanent tax benefit from putting your money in an IRA for one K and I ran the numbers and win win. And I was wrong. That's not true. And the reason is because let's say you put in $10,000 a year for 30 years, that deduction that you get for that $10,000 you put into your IRA for one K, you get a deduction at the highest tax bracket.   Keith Weinhold (00:32:17) - When you start pulling the money out, you're going to pull it out and you get all the tax brackets. So you put the money in, you get a deduction of the highest, you pull the money out, you get basically the combination of the different tax brackets. So you are actually better off. So for example, if somebody says I want all I investment to go on in the stock market, I would say you need A41K. That is the answer because self-directed would be best. Absolutely. Because you get a deduction now at your highest tax rate bracket. But down the road you're going to pull it out. Basically, even if you have the same income you can pull out a lower rate. Now that only applies if you're going to put the money in the stock market. If you're going to put the money into real estate for one, K is a terrible idea because real estate is a tax shelter and you lose all the tax benefits of a tax shelter. If you put it in an IRA, you actually take a tax shelter and make it a tax expense by putting it into an IRA for one K.   Keith Weinhold (00:33:14) - So there are certain things you would never do in an IRA. A reformed K real estate is one of those. Energy is one of those businesses. One agriculture. You'd never do those in an IRA or for one K, it's a terrible idea. But if you want to invest in the stock market, the bond market, things like that, IRAs make all the sense in the world. So really, that's why people ask me, well, should I do it for one K I'm going. I have no idea. What's your investment strategy? What's your wealth strategy? Where are you putting your money? People all the time. I have some imitators and they'll ask this question, well, how do you make your money? We can reduce your taxes. I'm going. That's the first question you have to ask. But I'm more interested in what are you going to do with your money? Because what you're going to do with your money has a much bigger impact on how we set things up from a tax side, how much money you're going to make, what kind of investments you're going to do, all that is impact by what you can do with your money.   Keith Weinhold (00:34:06) - That question about, you know, how do I make my money is a simple question that, frankly, I can do that kind of a tax strategy on stage in ten minutes. Well stated. That is a good point. Well, Tom, this has been great. You mentioned your latest book, the Win win. Well, strategy, but in one of your very well-known books, Tax Free Wealth, you've got another edition coming out. Tell us about that. Yeah, we have the third edition. So for the second edition we did that. When the Trump Tax Law 2017 was enacted, we needed to put in fact, we did a kind of in a rush. So we just added in things. Since 2017, we've had six major tax law changes, six major tax law changes during Covid. And so what we felt we want to do is let's roll it all in to a third edition will take the Trump tax law. Changes will roll those in. We'll take all the new tax law.   Keith Weinhold (00:34:57) - Changes will roll those in. So now tax free wealth is up to date. I think it's a better book. When I went through it of course I spent hours and hours and hours going through it. This is the best version of tax free wealth we've ever released. There are so many critical updates there. Again, the name of his book is Tax Free Wealth. I recommend checking that out. Tom. We're right. It's been informative. As always. Thanks so much for coming back out to the show. Thanks, Keith. Yeah. Sharp insights from Tom. As always, you can keep following along with the more versus United States case this year. Now, sometimes the wealthy, they will point something out that you've got to consider. It's got to give you a little pause. And that is actually should the wealthy get a tax rebate yet not get taxed more heavily because in the US see the top 1% pay about 42% of federal income taxes, and you might say, okay, well, that's the top 1%.   Keith Weinhold (00:36:03) - Why don't we bring in some of the middle class and revisit this? Well, the top 25% pay nearly 90% of the taxes. And that's all from a recent year per the Tax Foundation. Should the wealthy then get a tax rebate? Because you could say that they pay more than their fair share. Whatever fair share really means. Well, that is a valid question. Ask at the least. Well, today is the first time that we've had the marvelous, successful author, Tom. We're right on the show here in more than a year and a half. That's just a little unusual because he is the most recurrent guest here in history. And so therefore, for some more catch up coming down the road, Tom is going to return here to discuss a big question that I have for him. And in that future episode, Tom and I are going to discuss, should there even be such thing as a property tax, does it make more sense to say, abolish the property tax and then the government can get their revenue from somewhere else, as well as where that proposal might not be feasible? That should be super interesting.   Keith Weinhold (00:37:13) - Asking the question should there even be a property tax? In the meantime, check out Tom's third edition of his book Tax Free Wealth. It is a good read as far as tax reading goes. You're listening to episode 482 of the get Rich educational podcast. We have got a big year in store with plenty of original, groundbreaking content planned, including a memorable landmark episode 500 Coming Up, which will release on May 6th of this year. If you haven't already, I encourage you to subscribe to or follow the show here on your favorite podcasting device, or tell a friend about the show. I think they'll find it really valuable. Until next week, I'm your host, Keith Reinhold. Don't quit your day dream.   Speaker 4 (00:38:05) - 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.   Speaker 5 (00:38:33) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

Looks Unfamiliar is a podcast in which writer and occasional broadcaster Tim Worthington talks to a guest about some of the things that they remember that nobody else ever seems to.Joining Tim this time is writer Phil Norman, who's swinging by the sweat room for some punishment with Pertwee in the hope of finding any trace of BBC junior science show Over The Moon, Amityville (The House On The Hill) by Lovebug Starski, I Am The Cheese by Robert Cormier, WFLA Milkshake, Children's BBC game show Spy Trap, educational textbook Mediamind, The Black Tower, Soul Train by Swans Way and Paul And Peta Page's 'Hot Dogs'. Along the way we'll be charting the rise and fall of 'Frisps Chic', assessing the commercial viability of a Hauntological Space Hopper, speculating on whether Derek Griffiths' vocal extemporisations were a coded warning about AI, listening to Morrissey's Classic Horror Impressions and trying to determine the difference between a Home Bargains Morph and Bloke Who Stands Next To The Genie.You can find more editions of Looks Unfamiliar at http://timworthington.org/. You can also find Phil talking about S-S-S-Single Bed by Fox, Leapfrog, The Country Life Christmas Box, Humrush by KMD, Body Contact, Oscar The Rabbit In Rubbidge, Erasmus Microman and Can Heironymus Merkin Ever Forget Mercy Humpe And Find True Happiness? here.If you enjoy Looks Unfamiliar, you can help to support the show by buying us a coffee here. Unfortunately as there's no 'U' in WFLA there's not really any opportunity for a Looks Unfamiliar-related 'wacky' acronym but that's a milkshake anyway.

Robert Elms and Johnny Harris met on December 17th, 2019 at Morley Radio and had an insightful conversation about how London has shaped their lives and careers. Robert Elms is an English writer and broadcaster currently known for his long-running radio show on BBC London 94.9 FM. His latest book ‘London Made Us' gives a very unique view of a forever changing London at a particular period of Elm's life. It has been described as “a love letter to the capital”. Johnny Harris is an English actor, screenwriter, producer and director best known for his roles in film and television, including Jawbone, Troy: Fall of a City, This is England '86, Snow White and the Huntsman, Fortitude, Monsters: Dark Continent, The Fades, Welcome to the Punch, and London to Brighton. The film Jawbone, written and starred by Harris has been describes as “an extraordinarily human tale of suffering and redemption against the backdrop of London.”

Billy Grant from Beesotted appeared as a guest on Robert Elms' BBC London show as the Listed Londoner talking through his life story and all things football, music industry, anti-racism and more as he and Robert weaved through the 15 Listed Londoner questions, on the best and worst, most enjoyable plus much, much more You can catch more of Billy's stuff in the book DAD in which he has written a chapter on his life and more recently how grass roots football coaching has helped his 12 year old daughter navigate gender inequality Check out the book at WeAreDad.co.uk

As you wander round the streets of our magnificent capital city today, you’ll probably most likely be aware of all the shops and offices, albeit deserted if we are still in lockdown. What you will not see so much of are the relics of London’s glorious industrial past, unless of course, that is you know where and what to look for. From brewing giants such as Guinness, toy manufacturers like Airfix and Lesney who made the world-famous matchbox cars, to the aircraft makers like De Haviland and Handley Page—these and many more instantly recognisable brands had major and often iconic bases in London. Urban archaeologist Mark Amies author of London’s Industrial Past understands the importance of our magnificent machine age, when London was once the powerhouse of the world. Join us as we wander the street of London in search of what once was Londoners very essence. This is Your London Legacy. “If you’re not careful—there are bits of London that you’ll never go and see.” 6:50 Mark’s love for London’s industrial past and architecture in general might trace back to car rides with his father. He would sit in the back of the car as his dad pointed out buildings and what factories they used to be, the people that worked there. There were stories hiding there, histories fading to mist, and Mark found himself yearning to dig into those histories and uncover what used to be there. These places were once social hubs, where people met and went out after work to bond and form relationships. While Mark admits not all factory work was glamorous or free of danger, the social impact of industrialization is undeniable on a social level. “Fortunately for me, they thought I was some kind of expert. I always thought myself more of an enthusiast.” 14:00 The road to Mark’s book was a long one, but started off when he was looking to do something more with his life outside of work. So, he went back to his passion for London’s history and started a blog—back when blogs were the cool thing to do. This led to him writing a few pieces for the Londonist, which can still eb found today, and ultimately led him to filling in slots for BBC Radio London on the Robert Elms program. It was on Mark to take his experience there and approach publishers directly, without an agent, to propose his book: London’s Industrial Past, which he landed by letting his enthusiasm and background shine. And the book is remarkable, not only for its written content but the images that accompany it. Some of these were holdovers from companies wanting giant, wide flyover pictures of their factory and grounds to show off in boardrooms—and the detail you can see in them is remarkable. The book covers industry from aeronautics, to biscuits, to toys—and covers a wide breadth of the history and modern day usage of the facilities—since some were located on areas that formed into their own miniature cities, with businesses and healthcare facilities built specifically for the workers there. London’s Industrial Past is a remarkable read, and guess what—Mark is working on a second, more specific and focused book about London’s past as we speak. Make sure to keep your eye on him via social media, and as he would want, keep your eye on the hidden histories of London as well. Links Mark Aimes Twitter: https://twitter.com/yesteryeartweet?lang=en (YesterYearTweets) https://twitter.com/PastLondon (PastLondon) Support this podcast

Robert Elms talks to Georgia de Chamberet about The BookBlast® 10x10 Tour in association with Waterstones. A carnival of authors, poets, translators and independent publishers visit 9 major cities across England, 11 September to 15 November, holding live talks at flagship stores and  inspiring readers to immerse themselves in authentic, offbeat new writing.   Interview date: 01 September 2018

En 1979, un periodista musical llamado Nik Cohn escribió un artículo en el New York Magazine titulado: “Los ritos tribales del sábado por la noche”, y en él hablaba de la locura desatada en las pistas de baile los fines de semana. El productor Robert Stigwood, famoso por haber hecho las versiones teatrales de Jesús Christ Superstar y Hair o la película Tommy, adivinó la mina de oro que había en ese mundo. En las calles había crisis, parados y problemas, pero las discotecas eran las burbujas en las que los jóvenes se refugiaban para olvidarlo todo. Así fue como planificó una película que reflejara ese ambiente. Necesitaba un actor y la música. El actor lo encontró en un semidesconocido John Travolta. La música la aportaron los nuevos Bee Gees. Nuevos porque se habían reciclado sabiamente y ya hacían discos claramente discotequeros. Y así fue como nació Tony Manero. Bee Gees Stayin' Alive Travolta había jugado al rugby semiprofesional, estudió baile, hizo anuncios y actuó en la versión teatral de Grease. Su mejor papel lo tuvo en Carrie, una película basada en la novela de Stephen King. Pero a la historia pasará como el gran Tony Manero de Saturday night fever (Fiebre del sábado noche), la película más arrolladora de su tiempo. Su pose con el brazo en alto es ya todo un icono. De esta película es este “How deep is your love”, algo así como “Cuan profundo es tu amor”. Los Bee Gees. Tony Manero es un muchacho neoyorquino italo-estadounidense, que tiene un trabajo intrascendente como dependiente de una tienda de pinturas, pero que se transforma los sábados por la noche bailando en la discoteca Odisea 2001, donde es una estrella. Ahí conoce a Stephanie Mangano, que se convierte en su pareja de baile para participar en un campeonato que se realizará en la discoteca. Él intenta iniciar una relación amorosa, pero ella, con más preparación que él, lo rechaza, a pesar de sentirse atraída, porque sus planes son cambiarse de barrio para buscar mejores oportunidades. No obstante, acepta ser su compañera de baile. Entre otras muchas vicisitudes de la trama, Tony tiene un hermano, Frank que es sacerdote, pero que abandona los hábitos, Tony también tiene su propia pandilla, que mantiene peligrosas disputas con otras pandillas... En fin, conflictos familiares, amorosos y juveniles se entrecruzan para que, algunos, terminen en tragedia. Llega el momento del campeonato de baile y él y su pareja son los ganadores, pero Tony ha madurado y decide que debe tomar una decisión. FIN. Esta película no sólo fue un éxito en taquilla, sino que impulsó el movimiento Disco por todo el mundo. En la película se sugiere un estilo diferente de vivir la vida a través de la cultura Disco, como, sobre todo, la forma de vestir (uso de plataformas, camisas de cuello en V, pantalones de campana) y el baile, e influyó enormemente a la generación de la década de 1970. También destaca el papel de los DJs y los decorados, muy luminosos gracias al uso de la Disco ball, luces estroboscópicas y pistas de luces. De nuevo los Bee Gees, “Night fever”. Y así, mientras en las discotecas la gente bailaba como locos, la música inglesa, siempre imaginativa y pionera, se individualizaba todavía más al acabar los setenta y comenzar los años ochenta. Los new romantics eran los herederos póstumos del Glam: maquillaje, disfraces, color, todo era estético y la música un pop atractivo y comercial. En nuestro repaso rápido por esta época, nos detendremos en unos cuantos grupos de contrastada calidad. Calidad como la tenía OMD, “Maniobras orquestales en la oscuridad” y su éxito “Enola gay”. Uno de los versos de la letra dice: “Enola gay, tenías que haberte quedado ayer en casa” El 24 de octubre de 1980, la banda publicó su segundo álbum de estudio, Organisation, producido por OMD y Mike Howlett. Fue grabado en Adivision Studios en 1980. Este disco continúa con el experimentalismo que los caracterizará en sus primeros trabajos. En Organisation se incluye una de sus canciones más exitosas, el tema antibelicista «Enola Gay», único sencillo del álbum y que ocupa los primeros puestos de las listas durante mucho tiempo, tras su puesta a la venta el 26 de septiembre de 1980. En España alcanzó el nº 2 de los 40 Principales. Sobre sus conciertos en España, declararon: "Cómo la gente canta a voz en grito la melodía de «Enola Gay», algo que no pasa en otros países, y que demuestra que no hace falta saberse la letra para cantar ni saber inglés para comunicarse." Tras el gran éxito de «Enola Gay» y con la banda subida en la cresta de la ola, publican su tercer álbum de estudio, Architecture & Morality, el 8 de noviembre de 1981, que contenía el éxito «Souvenir», sencillo que se publicó el 4 de agosto Otro de los grandes grupos del momento fue Spandau Ballet, una banda británica de los años 80, pioneros del New Romantic que, aunque brevemente, también triunfaron en Estados Unidos. Es curioso el revuelo que se formó a cuenta del nombre del grupo. Spandau es un barrio de Berlín conocido por la Prisión de Spandau, donde se alojó a los condenados tras los Procesos de Núremberg. En pleno apogeo de su éxito, surgió una leyenda urbana, la cual, afirmaba que el grupo tomó su nombre directamente de la prisión y que el significado del "ballet" al que se refiere, era en realidad el efecto de los espasmos de los cuerpos ahorcados en la prisión por los nazis. Al parecer, el controvertido nombre lo propuso el promotor discográfico del quinteto: Robert Elms, quien afirmó que leyó Spandau ballet en una pintada plasmada sobre la pared de unos lavabos de Londres. Aquellas palabras le parecieron "comerciales, misteriosas y pegadizas". Los cinco miembros del grupo, tras consultarles, estuvieron de acuerdo en llamarse así, sin ver mayores problemas. Bueno pues, cierto sector de la prensa les acusó de ser afines a ideologías nazis, sin embargo, los artistas lo negaron rotundamente cuando fueron consultados acerca de la cuestión. Este es uno de sus éxitos: Gold Como casi todos los grupos, por no decir todos, la banda pasó por muchas desavenencias. La mayor dificultad a la que se enfrentaron fue una batalla legal en la que Kemp, cantante y compositor, se enfrentó al resto de componentes del grupo por los derechos de autor de las canciones de Spandau Ballet, unos derechos que finalmente le fueron concedidos por la Justicia en 1999. En 2009 reaparecieron sobre los escenarios, con un disco y una gira, "Reformation Tour", aunque no recuperaron el éxito de antaño, cuando el grupo consiguió ser un fenómeno de fans en Europa. En cualquier caso, el estilo y la clase de este grupo, no deja lugar a dudas. Otro éxito de Spanday Ballet: “True” Duran Duran, con Simon Le Bon de solista y líder de la banda, es un grupo británico de estilo new romantic, cuyo sonido combina básicamente la new wave y el funk, popularizando ese estilo en la década de los 80. Su fama inicialmente estuvo fundada en sus videoclips, en los que mostraban un estilo desenfadado y glamuroso. Fueron una de las bandas con más éxito comercial de los 80, compitiendo cuerpo a cuerpo con Spandau Ballet, así como el grupo líder en la «Segunda Invasión Británica» de los Estados Unidos iniciada por la MTV. Todavía son identificados a veces como una banda con aires de la década de 1980 a pesar de seguir grabando con gran éxito treinta años después El canal por cable MTV y la banda empezaron su andadura casi al mismo tiempo, y cada uno de ellos ayudó a lanzar al otro. La MTV necesitaba videos con artistas carismáticos, y el trabajo videográfico de la banda era una gran influencia - casi revolucionaria - para la cadena. Primero, Duran Duran filmaba en lugares exóticos como Sri Lanka y Antigua, creando imágenes memorables que eran radicalmente opuestas a los videos de bajo presupuesto que se hacían hasta entonces de bandas simplemente tocando sus instrumentos en el escenario. En segundo lugar, en vez de simplemente tocar, la banda participaba en una trama, una narración (a menudo tomadas de películas contemporáneas. Los videos obviamente iban en esta dirección, pero Duran Duran lo hicieron con un estilo que atrajo la atención de los comentaristas de la cadena y que creó una armada de imitadores. También fueron precursores por su estilo de editar los videos y de su diseño gráfico. Además de esto, fueron los primeros en filmar con cámaras de cine de 35mm, en sustitución de las más baratas videocámaras. Así, Duran Duran cambiaron la forma de ver de las discográficas los videoclips y la visión de otras bandas sobre lo que tenían que conseguir de un videoclip. A cambio de esto, la MTV le dio a Duran Duran el acceso al mercado estadounidense, tan reacio a la música británica, New Wave. Pero bueno, no todo el mundo admiraba sus videos. Morrissey, cantante de The Smiths y fan de su música, dijo en una publicación de la revista musical Smash Hits de 1984: "Una cabra borracha sobre la Torre Eiffel podría dirigirle muchos mejores videoclips a Duran Duran". ¿Un poquito de envidia?... Seguramente. The Human League es un grupo británico de música synth pop formado en 1977. Iniciadores de este estilo y pioneros en el uso de los sintetizadores en el Reino Unido, lograron gran popularidad en la década de 1980 después de varios cambios en sus integrantes. El único miembro original de la banda, que continúa hasta la fecha, es el vocalista y compositor Philip Oakey. La agrupación ha continuado grabando álbumes y presentándose en vivo, con un moderado éxito comercial, durante los años 90 y los años 2000. Su mayor éxito lo obtuvieron con la canción “Don’t you ant me”, hoy todo un clásico Culture Club es una banda británica de new romantic que fue muy popular a principios de los años 1980, liderada por Boy George (vocalista), quien se destacaba por su estética glam y sexualmente ambigua; Roy Hay (guitarra), Mike Craig (bajo) y Jon Moss (batería). El sonido de la banda se caracteriza por combinar new wave, pop y soul, con otros estilos como el reggae, calypso, salsa o country. El grupo triunfó en los años 1980 con temas al mismo tiempo sensuales, alegres y creativos, siendo considerados un fenómeno de la música pop. En sus inicios, Boy George creó un gran revuelo en sus apariciones en televisión, por sus maquillajes coloridos, ropa femenina y trenzas con las que se presentaba, mostrando un aspecto inequívocamente travestido. La banda destacó y compitió junto a otros grupos de new romantic como nuestros viejos conocidos Duran Duran o Spandau Ballet. En 1985 aparecen noticias graves para el grupo, ya que el alma de la banda, Boy George, confiesa su adicción a las drogas y, principalmente, a la heroína. Este hecho hace que el trabajo en general de la banda resulte bastante irregular y su calidad descienda enormemente; no obstante lo anterior, el grupo publica el álbum From Luxury To Heartache, con el que intentan redimirse ante sus fans, algo que logran a medias. El disco permanece varias semanas en las listas, pero la sintonía de la banda con su público ya no es la misma. Pocos días después de la publicación del álbum, el teclista Michael Rudetski, que co-escribió y tocó en la canción Sexuality del álbum From Luxury to Heartache, aparece muerto por sobredosis de heroína en la casa de George. Fue el golpe definitivo para la banda, del que no se supo sobreponer y terminó desapareciendo A pesar de todo, en 2018, la banda publica un nuevo álbum de estudio titulado "Life", después de varios años de ausencia, pero el nombre de la banda ha cambiado a "Boy George and Culture Club". Hasta hoy. Y tampoco faltó la habitual banda “maldita”. Joy Division fue una banda de post-punk inglesa, formada en 1976 en Salford, Gran Mánchester y en un principio la banda estuvo formada por Ian Curtis, Bernard Sumner, Peter Hook y Stephen Morris. Joy Division evolucionó de sus influencias punk rock iniciales, para posteriormente desarrollar un sonido y un estilo del cual fue pionero, llamado post-punk, junto con bandas como Siouxsie o The Cure, y es que no solo poseían un sonido siniestro, sino que sus letras estaban obsesionadas con la desesperación y la muerte, todo esto producto, seguramente, de la epilepsia que padecía su vocalista Ian Curtis. El álbum debut de Joy Division, Unknown Pleasures, fue lanzado en el sello discográfico Factory Records, y provocó la aclamación de la crítica británica. El vocalista, Ian Curtis, fue afectado por la depresión y por problemas personales, incluyendo la disolución de su matrimonio y sus agudas crisis de epilepsia. Lo cierto es que Curtis encontraba cada vez más difícil presentarse en vivo y a menudo tenía convulsiones durante sus espectáculos. En mayo de 1980, en la víspera de la primera gira de la banda por los Estados Unidos, Ian Curtis, abrumado por sus problemas, se suicidó ahorcándose en la cocina de su casa, mientras escuchaba el disco The Idiot de Iggy Pop. Joy Division lanzó póstumamente su segundo álbum, titulado Closer (1980) y el sencillo «Love Will Tear Us Apart», se convirtió en su lanzamiento más exitoso en los rankings. Después de la muerte de Curtis, los miembros restantes de la banda formaron un nuevo grupo al que llamaron New Order. Y por hoy nada más. Nos hemos dejado para un próximo programa a muchos más artistas de entre los que destacan dos de los mejores grupos de la época: Simple Minds y Depeche Mod. Lo dicho, nos oímos la próxima semana. Hasta entonces… ¡!!BUENAS VIBRACIONES¡¡¡

En 1979, un periodista musical llamado Nik Cohn escribió un artículo en el New York Magazine titulado: “Los ritos tribales del sábado por la noche”, y en él hablaba de la locura desatada en las pistas de baile los fines de semana. El productor Robert Stigwood, famoso por haber hecho las versiones teatrales de Jesús Christ Superstar y Hair o la película Tommy, adivinó la mina de oro que había en ese mundo. En las calles había crisis, parados y problemas, pero las discotecas eran las burbujas en las que los jóvenes se refugiaban para olvidarlo todo. Así fue como planificó una película que reflejara ese ambiente. Necesitaba un actor y la música. El actor lo encontró en un semidesconocido John Travolta. La música la aportaron los nuevos Bee Gees. Nuevos porque se habían reciclado sabiamente y ya hacían discos claramente discotequeros. Y así fue como nació Tony Manero. Bee Gees Stayin' Alive Travolta había jugado al rugby semiprofesional, estudió baile, hizo anuncios y actuó en la versión teatral de Grease. Su mejor papel lo tuvo en Carrie, una película basada en la novela de Stephen King. Pero a la historia pasará como el gran Tony Manero de Saturday night fever (Fiebre del sábado noche), la película más arrolladora de su tiempo. Su pose con el brazo en alto es ya todo un icono. De esta película es este “How deep is your love”, algo así como “Cuan profundo es tu amor”. Los Bee Gees. Tony Manero es un muchacho neoyorquino italo-estadounidense, que tiene un trabajo intrascendente como dependiente de una tienda de pinturas, pero que se transforma los sábados por la noche bailando en la discoteca Odisea 2001, donde es una estrella. Ahí conoce a Stephanie Mangano, que se convierte en su pareja de baile para participar en un campeonato que se realizará en la discoteca. Él intenta iniciar una relación amorosa, pero ella, con más preparación que él, lo rechaza, a pesar de sentirse atraída, porque sus planes son cambiarse de barrio para buscar mejores oportunidades. No obstante, acepta ser su compañera de baile. Entre otras muchas vicisitudes de la trama, Tony tiene un hermano, Frank que es sacerdote, pero que abandona los hábitos, Tony también tiene su propia pandilla, que mantiene peligrosas disputas con otras pandillas... En fin, conflictos familiares, amorosos y juveniles se entrecruzan para que, algunos, terminen en tragedia. Llega el momento del campeonato de baile y él y su pareja son los ganadores, pero Tony ha madurado y decide que debe tomar una decisión. FIN. Esta película no sólo fue un éxito en taquilla, sino que impulsó el movimiento Disco por todo el mundo. En la película se sugiere un estilo diferente de vivir la vida a través de la cultura Disco, como, sobre todo, la forma de vestir (uso de plataformas, camisas de cuello en V, pantalones de campana) y el baile, e influyó enormemente a la generación de la década de 1970. También destaca el papel de los DJs y los decorados, muy luminosos gracias al uso de la Disco ball, luces estroboscópicas y pistas de luces. De nuevo los Bee Gees, “Night fever”. Y así, mientras en las discotecas la gente bailaba como locos, la música inglesa, siempre imaginativa y pionera, se individualizaba todavía más al acabar los setenta y comenzar los años ochenta. Los new romantics eran los herederos póstumos del Glam: maquillaje, disfraces, color, todo era estético y la música un pop atractivo y comercial. En nuestro repaso rápido por esta época, nos detendremos en unos cuantos grupos de contrastada calidad. Calidad como la tenía OMD, “Maniobras orquestales en la oscuridad” y su éxito “Enola gay”. Uno de los versos de la letra dice: “Enola gay, tenías que haberte quedado ayer en casa” El 24 de octubre de 1980, la banda publicó su segundo álbum de estudio, Organisation, producido por OMD y Mike Howlett. Fue grabado en Adivision Studios en 1980. Este disco continúa con el experimentalismo que los caracterizará en sus primeros trabajos. En Organisation se incluye una de sus canciones más exitosas, el tema antibelicista «Enola Gay», único sencillo del álbum y que ocupa los primeros puestos de las listas durante mucho tiempo, tras su puesta a la venta el 26 de septiembre de 1980. En España alcanzó el nº 2 de los 40 Principales. Sobre sus conciertos en España, declararon: "Cómo la gente canta a voz en grito la melodía de «Enola Gay», algo que no pasa en otros países, y que demuestra que no hace falta saberse la letra para cantar ni saber inglés para comunicarse." Tras el gran éxito de «Enola Gay» y con la banda subida en la cresta de la ola, publican su tercer álbum de estudio, Architecture & Morality, el 8 de noviembre de 1981, que contenía el éxito «Souvenir», sencillo que se publicó el 4 de agosto Otro de los grandes grupos del momento fue Spandau Ballet, una banda británica de los años 80, pioneros del New Romantic que, aunque brevemente, también triunfaron en Estados Unidos. Es curioso el revuelo que se formó a cuenta del nombre del grupo. Spandau es un barrio de Berlín conocido por la Prisión de Spandau, donde se alojó a los condenados tras los Procesos de Núremberg. En pleno apogeo de su éxito, surgió una leyenda urbana, la cual, afirmaba que el grupo tomó su nombre directamente de la prisión y que el significado del "ballet" al que se refiere, era en realidad el efecto de los espasmos de los cuerpos ahorcados en la prisión por los nazis. Al parecer, el controvertido nombre lo propuso el promotor discográfico del quinteto: Robert Elms, quien afirmó que leyó Spandau ballet en una pintada plasmada sobre la pared de unos lavabos de Londres. Aquellas palabras le parecieron "comerciales, misteriosas y pegadizas". Los cinco miembros del grupo, tras consultarles, estuvieron de acuerdo en llamarse así, sin ver mayores problemas. Bueno pues, cierto sector de la prensa les acusó de ser afines a ideologías nazis, sin embargo, los artistas lo negaron rotundamente cuando fueron consultados acerca de la cuestión. Este es uno de sus éxitos: Gold Como casi todos los grupos, por no decir todos, la banda pasó por muchas desavenencias. La mayor dificultad a la que se enfrentaron fue una batalla legal en la que Kemp, cantante y compositor, se enfrentó al resto de componentes del grupo por los derechos de autor de las canciones de Spandau Ballet, unos derechos que finalmente le fueron concedidos por la Justicia en 1999. En 2009 reaparecieron sobre los escenarios, con un disco y una gira, "Reformation Tour", aunque no recuperaron el éxito de antaño, cuando el grupo consiguió ser un fenómeno de fans en Europa. En cualquier caso, el estilo y la clase de este grupo, no deja lugar a dudas. Otro éxito de Spanday Ballet: “True” Duran Duran, con Simon Le Bon de solista y líder de la banda, es un grupo británico de estilo new romantic, cuyo sonido combina básicamente la new wave y el funk, popularizando ese estilo en la década de los 80. Su fama inicialmente estuvo fundada en sus videoclips, en los que mostraban un estilo desenfadado y glamuroso. Fueron una de las bandas con más éxito comercial de los 80, compitiendo cuerpo a cuerpo con Spandau Ballet, así como el grupo líder en la «Segunda Invasión Británica» de los Estados Unidos iniciada por la MTV. Todavía son identificados a veces como una banda con aires de la década de 1980 a pesar de seguir grabando con gran éxito treinta años después El canal por cable MTV y la banda empezaron su andadura casi al mismo tiempo, y cada uno de ellos ayudó a lanzar al otro. La MTV necesitaba videos con artistas carismáticos, y el trabajo videográfico de la banda era una gran influencia - casi revolucionaria - para la cadena. Primero, Duran Duran filmaba en lugares exóticos como Sri Lanka y Antigua, creando imágenes memorables que eran radicalmente opuestas a los videos de bajo presupuesto que se hacían hasta entonces de bandas simplemente tocando sus instrumentos en el escenario. En segundo lugar, en vez de simplemente tocar, la banda participaba en una trama, una narración (a menudo tomadas de películas contemporáneas. Los videos obviamente iban en esta dirección, pero Duran Duran lo hicieron con un estilo que atrajo la atención de los comentaristas de la cadena y que creó una armada de imitadores. También fueron precursores por su estilo de editar los videos y de su diseño gráfico. Además de esto, fueron los primeros en filmar con cámaras de cine de 35mm, en sustitución de las más baratas videocámaras. Así, Duran Duran cambiaron la forma de ver de las discográficas los videoclips y la visión de otras bandas sobre lo que tenían que conseguir de un videoclip. A cambio de esto, la MTV le dio a Duran Duran el acceso al mercado estadounidense, tan reacio a la música británica, New Wave. Pero bueno, no todo el mundo admiraba sus videos. Morrissey, cantante de The Smiths y fan de su música, dijo en una publicación de la revista musical Smash Hits de 1984: "Una cabra borracha sobre la Torre Eiffel podría dirigirle muchos mejores videoclips a Duran Duran". ¿Un poquito de envidia?... Seguramente. The Human League es un grupo británico de música synth pop formado en 1977. Iniciadores de este estilo y pioneros en el uso de los sintetizadores en el Reino Unido, lograron gran popularidad en la década de 1980 después de varios cambios en sus integrantes. El único miembro original de la banda, que continúa hasta la fecha, es el vocalista y compositor Philip Oakey. La agrupación ha continuado grabando álbumes y presentándose en vivo, con un moderado éxito comercial, durante los años 90 y los años 2000. Su mayor éxito lo obtuvieron con la canción “Don’t you ant me”, hoy todo un clásico Culture Club es una banda británica de new romantic que fue muy popular a principios de los años 1980, liderada por Boy George (vocalista), quien se destacaba por su estética glam y sexualmente ambigua; Roy Hay (guitarra), Mike Craig (bajo) y Jon Moss (batería). El sonido de la banda se caracteriza por combinar new wave, pop y soul, con otros estilos como el reggae, calypso, salsa o country. El grupo triunfó en los años 1980 con temas al mismo tiempo sensuales, alegres y creativos, siendo considerados un fenómeno de la música pop. En sus inicios, Boy George creó un gran revuelo en sus apariciones en televisión, por sus maquillajes coloridos, ropa femenina y trenzas con las que se presentaba, mostrando un aspecto inequívocamente travestido. La banda destacó y compitió junto a otros grupos de new romantic como nuestros viejos conocidos Duran Duran o Spandau Ballet. En 1985 aparecen noticias graves para el grupo, ya que el alma de la banda, Boy George, confiesa su adicción a las drogas y, principalmente, a la heroína. Este hecho hace que el trabajo en general de la banda resulte bastante irregular y su calidad descienda enormemente; no obstante lo anterior, el grupo publica el álbum From Luxury To Heartache, con el que intentan redimirse ante sus fans, algo que logran a medias. El disco permanece varias semanas en las listas, pero la sintonía de la banda con su público ya no es la misma. Pocos días después de la publicación del álbum, el teclista Michael Rudetski, que co-escribió y tocó en la canción Sexuality del álbum From Luxury to Heartache, aparece muerto por sobredosis de heroína en la casa de George. Fue el golpe definitivo para la banda, del que no se supo sobreponer y terminó desapareciendo A pesar de todo, en 2018, la banda publica un nuevo álbum de estudio titulado "Life", después de varios años de ausencia, pero el nombre de la banda ha cambiado a "Boy George and Culture Club". Hasta hoy. Y tampoco faltó la habitual banda “maldita”. Joy Division fue una banda de post-punk inglesa, formada en 1976 en Salford, Gran Mánchester y en un principio la banda estuvo formada por Ian Curtis, Bernard Sumner, Peter Hook y Stephen Morris. Joy Division evolucionó de sus influencias punk rock iniciales, para posteriormente desarrollar un sonido y un estilo del cual fue pionero, llamado post-punk, junto con bandas como Siouxsie o The Cure, y es que no solo poseían un sonido siniestro, sino que sus letras estaban obsesionadas con la desesperación y la muerte, todo esto producto, seguramente, de la epilepsia que padecía su vocalista Ian Curtis. El álbum debut de Joy Division, Unknown Pleasures, fue lanzado en el sello discográfico Factory Records, y provocó la aclamación de la crítica británica. El vocalista, Ian Curtis, fue afectado por la depresión y por problemas personales, incluyendo la disolución de su matrimonio y sus agudas crisis de epilepsia. Lo cierto es que Curtis encontraba cada vez más difícil presentarse en vivo y a menudo tenía convulsiones durante sus espectáculos. En mayo de 1980, en la víspera de la primera gira de la banda por los Estados Unidos, Ian Curtis, abrumado por sus problemas, se suicidó ahorcándose en la cocina de su casa, mientras escuchaba el disco The Idiot de Iggy Pop. Joy Division lanzó póstumamente su segundo álbum, titulado Closer (1980) y el sencillo «Love Will Tear Us Apart», se convirtió en su lanzamiento más exitoso en los rankings. Después de la muerte de Curtis, los miembros restantes de la banda formaron un nuevo grupo al que llamaron New Order. Y por hoy nada más. Nos hemos dejado para un próximo programa a muchos más artistas de entre los que destacan dos de los mejores grupos de la época: Simple Minds y Depeche Mod. Lo dicho, nos oímos la próxima semana. Hasta entonces… ¡!!BUENAS VIBRACIONES¡¡¡

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Women have routinely been written out of history, sidelined and forgotten. So have the working class. Dr Louise Raw, author of ’Striking a Light: the Bryant & May Matchwomen and Their Place on History’, in the book, she challenges the idea that the Dock Strike of 1889 was the first major strike in British history, and instead looks at an industrial strike the previous year, led by women, that was a key moment in the founding of today’s Labour Party. Louise describes herself as an activist historian. She has created the Matchwomen Festival in London’s East End, celebrating their story, and unearths untold stories weekly on “London Lives” on the Robert Elms show on BBC London. They say the winners write history – the stories we know from the past and the ones we have forgotten tell us what kind of society we live in. The missing pieces give us the clue to set it right. Follow Louise on Twitter @LouiseRawAuthor and hear her on the Robert Elms show on BBC London. Follow Future Heist on Instagram and Twitter @future_heist for episode updates, news and giveaways.  Produced and recorded by Rena Niamh Smith Theme music by Benjamin TassieArtwork by Fleur BeckSound engineering by Gibran FarrahSpecial thanks to Chloe Vasseghi

This month Phil, Clive & Tony speak to founders of the Nisa-Nashim Network, Laura Marks and Julie Siddiqi about their #ActiveAllies campaign. Broadcaster & Author, Robert Elms chats about his new book 'London Made Us' and his forthcoming appearance at JW3. Rabbi Joseph Dwek of the S&P Sephardi community tells us about 'The Syrian Song of Torah'. Chair of the Green Team for Finchley Reform Synagogue, Adrian Seiff explains why their new shul is set to be the first of it's kind in the UK. Our Rabbinic Thought for the Month comes from Rabbi Harvey Belovski of Golders Green United Synagogue.

obert Elms is a broadcaster and writer, well-loved for his eponymous radio show on BBC Radio London. Elms started out as a journalist, writing for The Face and NME. He is a Londoner through and through, growing up in West London and living in the city for most of his life. Elms is the author of two previous works of non-fiction, The Way We Wore: A Life in Threads and Spain: A Portrait After the General, and a novel, In Search of the Crack. His new book is London Made Us: A Memoir of a Shapeshifting City. In the book Elms takes us back through time and place to myriad Londons. ‘London is a giant kaleidoscope, which is forever turning. Take your eye off it for more than a moment and you’re lost.’ Recorded live at the EartH in London's Hackney on 19th March 2019. 5x15 brings together outstanding individuals to tell of their lives, passions and inspirations. Learn more about 5x15 events: www.5x15stories.com Twitter: www.twitter.com/5x15stories Facebook: www.facebook.com/5x15stories Instagram: www.instagram.com/5x15stories

"It's not about the numbers, it's always about the aesthetics." Musician and actor Gary Kemp - of Spandau Ballet fame - traces the links between music and the mountains, and why so many musicians seem to take to two wheels. Gary, who became a keen cyclist after a dinner conversation with the broadcaster Robert Elms, explains his love for the hills, why he won't be riding the Etape again any time soon, and why he'll never be a slave to statistics. Ian Parkinson is also joined by Rouleur's Ian Cleverly, and technical editor Stuart Clapp - who's talking about lube. Don't encourage him. See acast.com/privacy for privacy and opt-out information.

Claire Mulry, Deputy Director of Small Business Saturday UK, and Liz Wilson of artisan baker Ma Baker discuss Small Business Saturday with Robert Elms on BBC Radio London.

David Byrne talks to Robert Elms about his new musical based on the life of Imelda Marcos, Here Lies Love. For more information on Here Lies Love and to book tickets: http://www.nationaltheatre.org.uk/shows/here-lies-love

Fashion and dress in later life: Laurie Taylor talks to the sociologist, Julia Twigg, about her study into the links between clothing and age. Throughout history certain forms and styles of dress have been deemed appropriate for people as they get older. Older women, in particular, have been advised to dress in toned down, covered up styles. Drawing on fashion theory and cultural gerontology, Professor Twigg interviewed older women, fashion editors, clothing designers and retailers. She asks if the emergence of a 'grey market' is finally shifting cultural norms and trends. The broadcaster, writer and fashion enthusiast, Robert Elms, joins the discussion. Also, Research Student, Eloise Radcliffe, discusses her study into how couples cope when one develops a chronic illness. Producer: Jayne Egerton.

In the four decades that the Johnson family ran the Two Puddings in Stratford, it became one of London’s busiest and most fashionable pubs. A magnet for a colourful cast of disparate characters, including renowned actors, writers, musicians, infamous gangsters, and World Cup-winning footballers. Hear landlord and author of Tales from the Two Puddings Eddie Johnson in conversation with Robert Elms to look back upon a lost world of East End eccentrics, local villainy and punch-ups and discuss his recent book.

In the four decades that the Johnson family ran the Two Puddings in Stratford, it became one of London’s busiest and most fashionable pubs. A magnet for a colourful cast of disparate characters, including renowned actors, writers, musicians, infamous gangsters, and World Cup-winning footballers. Hear landlord and author of Tales from the Two Puddings Eddie Johnson in conversation with Robert Elms to look back upon a lost world of East End eccentrics, local villainy and punch-ups and discuss his recent book.

Rewind 30 years to the 1980s. Hairstyles may best be forgotten but the pop music of the time had more to recommend it. Punk was fading into softer, more electronic genres as music technology evolved. The ‘New Romantics’ emerged as a dominant force in music championing fantasy and the imagination with bands such as Spandau Ballet and Culture Club enjoying chart success. The early part of the decade saw a revival of Ska whilst the charts were later dominated by pop producers Stock Aitken Waterman. Take a trip down music memory lane and recall the significance of the 80s on the music scene. Speakers include Gary Kemp (musician, songwriter and actor) and Pauline Black (lead singer of The Selecter, song writer, broadcaster and author). The event will be chaired by Robert Elms (writer and broadcaster).

Robert Elms continues his search for the musical soul of London. He discusses the pride that puts a swagger in the step of Londoners. He finds it in the characters of street sellers, wartime entertainers and the songs that were played in East End music halls.

Robert Elms searches for the musical soul of London, celebrated in over a century of song. This two-part special features songs by The Clash, David Bowie, Lord Kitchener, Gert and Daisy, Lily Allen, The Kinks, Professor Green and many more. What do Robert's personal musical highlights reveal about the history and geography of the capital?

They came from all over: serious men from Seville and Madrid with their fine suits and Havana cigars to see the last bullfight in the historic stadium in Barcelona. Robert Elms was also there to witness the final show. Attempts to clamp down on the highly lucrative trade in mineral smuggling in eastern Congo have not proved successful, as Conor Woodman has been finding out. North Korea might not seem to be a country with the latest in communications technology but, as Lucy Williamson tells us, the leadership there are finding ways of making it work for them. Paul Adams goes to a country music show in the US and hears how the genre has embraced the anger of a generation poleaxed by economic hardship. And Trish Flanagan joins tens of thousands who arrived in a remote corner of the Republic of Ireland to watch a game of golf.

Bishopsgate Institute Podcast: The Gentrification of London with Professor Chris Hamnett, David Partridge, Tom Hunter, and Robert Elms. Recorded live at Bishopsgate Institute on 13 July 2011.

Nov 18th. Me on the Robert Elms Show trying to plug the book as much as I can in 7 minutes. No mean feat. Clay x