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Earn Your Leisure

Cliff Notes: Big Money Real Estate, TikTok's Future, & ChatGPT

Earn Your Leisure

EYL Network

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.87.8K Ratings

🗓️ 9 April 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this Cliff Notes, we discuss the bond market, Real Estate vs Stock Market and will ChatGPT take away the human experience.


#earnyourleisure #chatgpt #realestate



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Transcript

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0:00.0

Do you think the 6040, let's say stock real estate portfolio is going to be the new 6040 stock versus

0:06.8

bond because the bond market is blown up the last year. And I mean, I'm shocked. Can you tell me why?

0:12.8

I know a lot of international companies put their money out of our bonds, but I never thought

0:18.4

obviously the bond market slaps this fast. Do you think the 6040 real estate and stocks will be

0:24.1

in a replacement for the next 20 or 30 years? You know, real estate is one of those finite resources

0:29.9

as well. So as much as everybody would love to own. So I'm it's very hard to own real estate and

0:34.3

desirable places where you believe the value is going to go up. Now, I'm obsessed with these like

0:40.5

government land watch foreclosure auction things that come across the internet all the time.

0:45.1

I get a newsletter of that. And it's trying to sell me property in places that it's just not

0:49.6

viable. So you could be like a buy a bunch of houses in Arizona. I don't want to pick an

0:54.2

Arizona from New Mexico, but it might not be any water there in 20 years. So that's not such a great

0:58.8

idea, right? Or by, you know, you see these houses for sale in Queens by the bay, they may not be

1:04.4

there in 20 years. I'm sorry. We've already had Sandy. We've seen what happens when the water rises.

1:09.2

Miami, right? Everybody wants to live in Florida until you live in Florida, right? But Miami's having

1:14.3

its own problem. So it depends on where you're buying what you're buying. Now, if you follow the

1:19.1

smartest money in the world in real estate, it's blackstone, right? Steve Schwarzen, donated the

1:26.6

public library multi billionaire. What is he buying warehouses? Where's he buying them? Everywhere

1:32.0

he can. Why? What do we use warehouses for? Data storage and Amazon storage. When you drive

1:38.8

on the highway, what do you see? Amazon trucks. When we're doing this, what's going on? Data storage,

1:43.9

right? So, small real estate is buying things that they can use, not just buying houses and college

1:48.8

towns, which isn't a bad thing to do either, but you got to think about where you're buying and what

1:52.4

you're buying. I wonder from an investment standpoint and from a professional standpoint,

...

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