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Get Rich Education

139: Time vs. Money, Housing Inventory Shortage, Renting vs. Owning Your Home

Get Rich Education

Keith Weinhold

Investing, Careers, Business

4.3602 Ratings

🗓️ 9 June 2017

⏱️ 35 minutes

🧾️ Download transcript

Summary

#139: Grab Get Rich Education's new book at: GetRichEducation.com/Book.

You need money in order to trade it for time. You can't trade anything other than money for time.

The housing inventory shortage will reach a peak before new construction can relieve the problem.

Paying rent is not like "throwing money away every month." Keith breaks down the trade-offs between renting vs. owning your primary residence.

Want more wealth? Visit: 1) www.GetRichEducation.com to grab our free newsletter.  2) www.GREturnkey.com for actionable turnkey real estate investing opportunities.

Listen to this week's show and learn:

01:34  Apartment buildings between 2 and 9 units are no longer being built as often.

06:06  The overall shortage of housing inventory for sale.

07:23  Feeling imprisoned in your own home due to low inventory, rising interest rates.

12:39  Housing builder confidence is up. More new construction.

14:00  There is currently income property inventory in Jacksonville, FL: GetRichEducation.com/jax

17:39  Why do you think you need to own a home?

18:57  Paying rent is "not throwing money away". Here's why.

20:04  16 tradeoffs between Renting vs. Buying your own home.

28:06  Time vs. Money.

Resources Mentioned:

GetRichEducation.com/Book

NoradaRealEstate.com

HighlandsMortgage.com

MidSouthHomeBuyers.com

GetRichEducation.com

GREturnkey.com

 

Transcript

Click on a timestamp to play from that location

0:00.0

Get Rich Education is brought to you by Norada Real Estate and Highlands residential mortgage.

0:10.0

Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than

0:22.1

anything else and can provide you with more wealth and happiness than you ever thought possible.

0:28.4

Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold.

0:39.1

Hey, you are inside get rich education episode 139. Hi, I'm your host Keith Weinhold. The housing

0:45.6

inventory crunch inside and outside the United States is on. How bad is it with scarce

0:52.2

inventory? How hard is it to find property, whether that's

0:55.4

income property or your primary residence, how bad is it going to get and how does that

0:59.7

all affect you?

1:00.8

We're going to get into that today.

1:02.4

And then later in the show, we're going to talk about your time versus your money.

1:06.3

It's a new perspective on trading your time for dollars, which is what most everyone does in their

1:11.9

life, whether they like to or not. They usually don't. First of all, thank you for making my

1:17.0

book that just released this week, seven money myths that are killing your wealth potential,

1:21.9

an Amazon number one bestseller in multiple categories. That's amazing to me. Now, one way to tackle America's

1:29.6

shortage of housing is new construction, and we discussed that a bit last week. Bloomberg was

1:35.5

recently reporting on how there's one type of rental dwelling that virtually no one is

1:40.3

building anymore, and that is small apartment buildings between two units and nine units.

1:46.1

And yeah, that includes less of the asset type that I'll always have a soft spot for in my heart,

1:51.5

which is the fourplex building, which is where I started out as an owner and an occupant

1:56.0

and a landlord all in one. Urbanists often lament that developers no longer erect the small apartment buildings

2:03.7

that really wants a staple of city neighborhoods. Instead, what builders are doing is they're

...

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