2009: Artificial Intelligence and the Future: Job Displacement, UBI, Technological Breakthroughs and Adjustable Rate Mortgages
Manage episode 365481191 series 2294384
In this episode, Jason shares updates from his European journey, starting with his time in Budapest and now on a river cruise along the Danube River. He reflects on the potential impact of artificial intelligence (AI) on the future of humanity and the job market. With AI's ability to generate language and automate tasks, it raises questions about job displacement and the need for universal basic income. Jason discusses the ongoing battle between deflationary technological advancements and inflationary monetary policies. He invites listeners to share their opinions on the subject and explores the emergence of "prompt engineering" as a new skill in the AI era.
He then discusses the current state of the real estate market, emphasizing the importance of understanding sales volume and pricing as separate entities. He highlights the misconception that lower sales volume is solely due to lower demand, when in reality, it can be attributed to a lack of inventory. Hartman explains that the market has experienced a decline in sales volume, but not significant pricing changes. Additionally, he points out that the focus of discussions in the real estate market is primarily on prices rather than rental yields and income. Hartman emphasizes the significance of considering rental income when making investment decisions. He also highlights the alarmingly low housing inventory, with only 420,000 homes for sale in the United States, creating a shortage. Finally, Hartman briefly touches on adjustable rate mortgages, stating that they are becoming more attractive to buyers in the current market. Understanding the workings of adjustable rate mortgages is crucial for those considering this option.
#ArtificialIntelligence #AI #futureofwork #jobdisplacement #UBI #technology
1:22 Cruising along the Danube River
3:00 Ai, Large Language Model (LLM) and the jobs lost and created
6:45 Universal Basic Income (UBI) and the deflationary and inflationary forces
10:05 Let us know your thoughts https://www.jasonhartman.com/ask
10:57 Concerns about generative Ai and the upcoming industry of Prompt Engineering
12:56 From Ice bath to blood bath: California struggles with inventory
15:37 Coco in bed- bringing cheer to many!
16:31 California numbers below the 2022 and 2021 levels
17:31 Conflating sales volume versus sales prices
22:18 US SFR Total Available Inventory - Weekly, By Year
24:27 5 major factors of Adjustable Rate Mortgages
30:00 Empowered investor Pro meeting - Hybrid Property management
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