1145: Wall Street Lies About Real Estate Returns & Glass House, The 1% Economy & the Shattering of the All-American Town, Brian R. Alexander, NBC
Manage episode 228781962 series 2294384
Jason Hartman begins today's show in disbelief at some of the "news" articles he's been seeing lately about the best performing asset classes in 2018. The claims that cash was king are being shouted near and far, but there's a distinct problem with how real estate was measured that makes their whole metric false.
Then Jason talks with Brian R Alexander, author of the new book Glass House: The 1% Economy and the Shattering of the All-American Town, about the state of today's world and the impact Wall Street investing has had on us. There has been a steady decline in community and a massive disconnect between the uber-wealthy and the average American. Listen in as Jason and Brian talk about the root causes of the problem and ways we can combat them.
And don't forget, Monday is the ABSOLUTE LAST DAY FOR THE HOTEL ROOM BLOCK for Meet the Masters, so book your room now if you haven't.
[2:53] "What comes around goes around" but it can take a long times sometimes
[5:14] NASDAQ.com is claiming the best performing asset class in 2018 was cash
[8:54] Appreciation in cyclical markets is the only metric many outlets use for determining ROI for real estate
Brian Alexander Interview:
[14:15] The premise of the 1% economy
[16:23] What is "Green Mailing"?
[20:58] The demise of community in our lives today
[25:22] There's a massive disconnect between the elite insider Wall Street class and the common investor
[29:45] The actions of companies and uber-wealthy investors is hurting the mental psyche of every day Americans
[32:39] Capital formation in the US is very much a winner-take-all proposition
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