CW 855 - Client Q & A, Relativism & Out Running Bears With Jason

On today’s podcast, Jason answers the question “how much money should new investors have for a down payment and in reserve when investing in a property” and he uses a popular joke as a metaphor to explain the relativity of the real estate market. He explains why human psychology always lags the reals estate market, why raising the minimum wage will only end up hurting the poor and he encourages listeners to leave their questions and comments for a chance to win a pair of Apple Airpods. Key Takeaways: [04:50] 'Compared to what?' is the question to ask when looking for an opportunity for your money. [06:57] The concepts of comparison, scarcity and price discovery. [10:33] Jason makes the article, Marathon Runner Escapes 2 Bears a metaphor about investments. [16:08] The minimum wage argument doesn't make any sense when you consider inflation. [21:51] What is the minimum down payment and reserve fund amount for a new investor? [24:41] A listener question about what to do with his down payment when no are so few properties are available to purchase. [32:56] Jason's thoughts on a mobile home park as an asset class. Mentioned in This Episode: Jason Hartman Venture Alliance Mastermind Marathon Runner Escapes 2 Bears by Rob Quinn

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