Elisabeth starts off the show looking into the age old quandry of whether, as a real estate investor, you should use your extra money to purchase more properties in order to diversify your portfolio, or to pay off the properties you have and increase certain property’s cash flow. There’s an argument to be made for both, and Elisabeth does just that.
Then, Jason interviews Nicole Gelinas. Nicole Gelinas is the author of After the Fall: Saving Capitalism From Wall Street – and Washington. She is also a contributing editor to the Manhattan Institute’s City Journal and a columnist for the NY Post and a contributing writer to the NY Times. As you may recall, Wall Street is a closed system that Jason loves to call “the modern day version of organized crime”. Nicole and Jason go into personal finance strategies that working class citizens should utilize, why the government continues to give support to the financial sector while letting the voting public flounder, and why Donald Trump got the support that he got during the election.
[2:16] Are you someone who’s brand loyal, or do you just look for the lowest price?
[5:11] Should I buy more or pay off my properties?
[8:17] Some complexities that come from being in multiple markets
Nicole Gelinas Interview:
[14:16] The voting public is fed up and trying to change the system for the better in their own imperfect way.
[20:04] Washington policymakers seem to think that whatever is good for the financial industry is good for the rest of the country.
[23:50] Is US real estate market in the middle of a boom then bust cycle?
[28:53] People should have one year’s worth of liquid assets before they invest any money in a savings plan.
[34:06] If you don’t mind taking the risk and doing the work, investing in single family homes for rentals can make sense.