Gary Pinkerton kicks off the show discussing how everything in life involves selling, so there’s no reason to look down your nose at the idea of selling. He also goes into how the mindset of a real estate investor needs to evolve over time as technology comes into play and city dynamics change.
Then, Jason Hartman talks with Jeff Meyers, President at Meyers Research, about the state of the housing market across the USA, and how much runway the market might have. They also discuss whether millenials are finally ready to buy their first houses, and the incredible impact the self-driving car will have.
[4:12] Everything in life is selling
[7:37] The self-driving car will be another big change in real estate investing
[12:10] The book that turned around Jason’s real estate career at the age of 24
[16:03] Jason would listen to Og Mandino’s Mission Success cassette on repeat
[21:24] Walter Hoving’s views on capitalism
[24:45] Capitalism is the best (and most natural) economic system ever
Jeff Meyers Interview:
[28:13] Are the millenials finally entering the home buying market?
[31:04] There’s been a long economic recovery, but housing hasn’t led the way so Jeff sees more runway
Suburban markets we see some runway. they have not kept up, and that’s where a lot of demand is starting to take off.Click to tweet
[35:43] When did the real recovery from the Great Recession begin, and how does it affect where we are in the housing cycle?
[38:24] Mortgage lending is getting tighter than ever, with the average FICO score on each loan being 720 (the banks are allowed to loan at 680)
You have to remember that what caused this recession was a direct hit from the mortgage marketClick to tweet
[39:56] The self driving car could cause a resurgence of the suburbs, but it will DEFINITELY be a game changer for real estate (perhaps like how Amazon has changed the retail industry)
[43:09] The cottage industry that could spring up out of the emergence of the self driving car