Jason Hartman talks with Jordan Goodman, America’s Money Answers Man, about what’s going on in the real estate world as the price of homes is rising due to rising material costs. They look into upward pressure being put on rents and how rising interest rates will impact the stock market.
[2:43] The price of homes is going up because of the cost of materials and construction cost, 31% in the past 6 years
[6:38] There’s about to be an upward pressure on rents
[7:45] Are people with Adjustable Rate Mortgages overpaying their mortgage and escrows?
[14:24] What’s going to happen to the stock market as interest rates rise?
[17:04] The United States is asking China to do something in the trade war that Jordan doesn’t believe China can do