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Why The Rich Are Getting Richer
Description
The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law).
Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high.
(Entire episode transcript is below. Read as you listen.)
In the pandemic, tenants want single-family homes more than communal apartments.
Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee.
Homebuilder sentiment is high? Why? High demand, low inventory, low rates.
Stagflation is explained. It is a stagnant economy with high inflation.
There are signs that inflation is poised to increase.
Resources mentioned:
Inflation Triple Crown video:
Section 8 turnkey property:
www.GetRichEducation.com/Section8
Stagflation video:
https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be
Elevator Anxiety:
https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html
Mortgage Loans:
QRPs: text "QRP" in ALL CAPS to 72000 or:
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New Construction Turnkey Property:
Best Financial Education:
Top Properties & Providers:
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Complete Episode Transcript:
Welcome to Get Rich Education. I'm your host, Keith Weinhold.
The rich are getting richer and the poor are getting poorer. I can't think of any one time in my life where that's been happening more than it has been than right now.
I'll tell you why - and what you need to do to get on the right side of that.
What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education.
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Hey, you're inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I'm Keith Weinhold. This is Get Rich Education.
The rich are getting richer, the poor are getting poorer - and I can't think of any one time in my life where that's been happening more than it has been than right now.
Because Americans living paycheck-to-paycheck might now