Why Inflation Is The Biggest Threat To The US Economy, NOT Covid

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 8 November 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

As per the recent CNBC survey, Americans believe that INFLATION is the biggest threat to the U.S. economy, NOT Covid-19. Jake and Gino explain how inflation is impacting the US economy and how does it affect the Multifamily Real Estate market. Want to ask Jake and Gino a question? Post it in the comments box. It will be covered in the upcoming shows. Jake and Gino's complimentary MasterClass on Wealth Building principles is LIVE. Sign up now: https://jakeandgino.mykajabi.com/offers/vpQ65htS About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $100,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing

Transcript

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0:00.0	everybody, Jake and Gino here.
0:08.6	And Gino, the economy is a little different that it was about a year ago.
0:12.8	And a recent CNBC survey is now showing that Americans believe inflation is the biggest
0:19.3	threat to the US economy, not COVID. Now, inflation is becoming a
0:23.8	real concern. We're seeing it at the pumps. We're seeing it at the food. We're seeing it in asset
0:27.2	prices. So the belief is the Fed is going to begin tapering its bond purchases as a first step
0:35.0	to raise interest rates because raising interest rates should dampen the inflation.
0:40.9	G father, what say you?
0:42.6	It's a very complicated topic, but let's try to rip it down and make it as simple as possible.
0:46.5	And they manipulate everything.
0:47.6	So what happens in the long run?
0:49.1	You know, it depends on what these guys do, right?
0:51.4	So interest rates rise.
0:52.8	Supposed to slow down, you know, when the bond
0:55.2	purchase, I should say, when they start purchasing and slowing down the bond purchasing,
0:59.0	your interest rates are going to start to rise. What's happened in the past in real estate
1:02.3	is that that will slow down the purchase of real estate. We saw it a couple of years ago when our
1:06.3	interest rates rose in multifamily. It went up maybe half a point. Steel started coming out of contract because they stopped working because the debt
1:13.6	became more expensive.
1:15.1	It's very interest rate sensitive.
1:16.6	But since we're in a new paradigm, since we're post-COVID or we want to call it,
1:20.4	inflation is a real thing.
	...

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