294: Is This America's Most Recession-Resilient Market?
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 25 May 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
Deflation is occurring before long-term inflation is expected.
When people stop buying things, manufacturers can't charge enough, so they stop making products. This results in more layoffs.
Our national debt is $26 trillion. It's doubtful that it will ever be repaid. This is why The Fed must inflate.
MidSouthHomeBuyers.com has provided our listeners with more cash-flowing property than anyone.
They've renovated 2,600+ homes in Memphis, TN and Little Rock, AR. They then place a tenant and manage the property for you.
In the pandemic, renters prefer single-family homes over apartments.
What makes Memphis so resilient? Shipping, distribution, transportation, medical.
Memphis' rental sweet spot is $660 - $990 for this class of property. Sale price: $60K - $95K. These are decent homes. I've been inside them with both guests.
In 2009, Memphis saw no rent drops or occupancy drops.
Last year, they expanded into Little Rock, Arkansas.
You can start with a Memphis home for just $14K-$19K with down payment and closing costs. Expect a wait list. This reputable, longtime provider is popular.
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Transcript
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| 0:00.0 | Welcome to Get Rich Education. I'm your host Keith Weinhold. Just how high is America's national debt and why? We will never pay it off. |
| 0:09.5 | More trends converge toward favoring single family rental homes than in crisis times, identifying what is perhaps the most reliable and resilient real estate market in all of America and why with two great guests today |
| 0:23.4 | on get rich education the people that our listeners can't stop talking about are ridge lending group |
| 0:30.4 | and mLS 42056 they provided you with more loans than anyone it's where i got my last few loans |
| 0:37.1 | and they finance single family income property property up to fourplexes. |
| 0:41.0 | They're the number one lender for both beginners and veterans. |
| 0:44.3 | Start your pre-qualification, chat with President Chaley Ridge personally, |
| 0:48.0 | and you'll end up with your custom plan for expanding your cash-blowing portfolio. |
| 0:52.1 | Start at ridglinggroup.com. |
| 0:58.5 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
| 1:05.8 | This is Get Rich Education. |
| 1:24.0 | Thank you. is get rich education welcome to get rich education welcome to get rich education i'm your host keith what america in much of the world is feeling now is that investors |
| 1:30.2 | and markets are torn between pessimism on the still grim economic data and optimism on the |
| 1:37.7 | tentative reopening of a number of economies. Well, as the Fed pumps out dollars like there's no tomorrow to help |
| 1:46.1 | pave over the problem with layer after layer of dollars, many people then expect long-term inflation. |
| 1:55.3 | Food prices are already rising. But short-term, CPI prices have risen just three-tenths of 1% in the last year. |
| 2:03.3 | Now, deflation is possible short-term. |
| 2:06.4 | Look at the prices of items that have fallen. |
| 2:08.8 | Oil, clothing, car, and airfare prices have all dropped. |
| 2:14.8 | Well, when prices fall because people stop buying things like they have been for the last |
| 2:19.6 | few months, then manufacturers sometimes can't charge enough to make the product that they want to sell. |
| 2:27.3 | Well, when they can't charge enough, they'll stop making those products. That also means that they |
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