Is Real Estate Really That Expensive? - Robert Kiyosaki, Kim Kiyosaki and Jason Hartman
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- Опубликовано: 3 авг 2021
- Record-low mortgage rates and shortage of inventory are keeping the US housing market strong. Prices have been surging month-over-month breaking new records, but today’s guest says that real estate might not be as expensive as you think.
When you compare real estate to other commodities using the HCI, although it may seem controversial, it is clear to see the opportunity is now.
Commodities, unlike dollars, have intrinsic value. They are meaningful regardless of any currency. By comparing real estate prices to gold, bitcoin, oil, rice, orange juice, shares of the S&P 500, copper, air travel, college tuition, sugar, cocoa, and many others going all the way back to 1970, we can get a more complete understanding of where the market is now.
Jason Hartman, the Founder, and CEO of The Hartman Media Company and creator of The Hartman Comparison Index says, “By using data combined into an index and compare that index to housing prices, we can mitigate risk and have a lot of upside potential by using that data.”
Hosts Robert and Kim Kiyosaki and Jason Hartman discuss how measuring real estate to other commodities using the Hartman Comparison Index is the best way to understand where the value of real estate has been, where it is now, and where it’s going in the future.
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Thanks!
Thanks Robert and Kim does always have great content and Sarah everybody's great thank you so much for all you do God bless you 🙏🏿✝️👌💯🚀🦄
Great
Awesome see you there !;))
I understood what he meant, I think. lol. When he was talking about converting our fiat to anything. What's crazy is that economic way hasn't changed since Roman times, arguably since our first city even. I know most lords (in Europe at least) would not hold to much gold or silver at once. Instead have their safety net chest and put all other gold and silver acquired into live stock, raw materials or land.
stop interrupting your guests all the time Robert !
Yes a book can change your life! Thank you Robert Kiyosaki!
mr Robert your input is refreshing and I appreciate any time I can spend listening to you and your wonderful wife!! yall guys rock it like the big dogs and back it up physically!!love it!!
Great stuff Jason, thank you
And thank you Robert & the lovely Kim
I am unable to find the index can anybody tell me how to get to it
Investing in rental properties is an effective way to earn passive income. But it often requires more work than people expect. All the best from Croatia, EU.
I have 4-Rentals and I hate the word Passive! I’m still waiting for them to be passive!
Roberts so true is now your a property manager....... but you need enough houses to afford a manager. Keep them houses but in a market like this. You could make so much on a house you could get 10years of rent by selling now. I say sell!!!!! And live in the future. Your tomorrow is not Guarantee.
Robert, I know it is your show but can you please not cut off the guest when they are making a profound statement? Thank you.
I found that rude and annoying as well
Agreed, super awkward!
agreed
Robert offended his crowd. Yet those three didn’t actually understand what Jason was getting at.
I have learned so much in the last few days. Thank you
The first Robert Allen book I read was Multiple Streams of Internet Income. Great book!
So help me get this right, is buying shares in gold stock and oil stock a good store of wealth?
Even that comparison gold sounds like its more valuable now when comparing it to real estate.?? It could mean real estate has less instrinsic value in comparison
Love your content Robert... sometimes I wish you would let the guests finish thier tangents... in particular when he was elaborating (after your wives story about cashing in silver bars for the 23k) on not solely adhering to saving your earned wages stored in the dollar... I do know that you yourself said the powers that be have given you warnings on occasion... if that's the reason you reel your guests in sometimes then I understand.... if not though... please let them finish communicating thier thought processes. Just my own personal hunger for complete understanding talking. Thanks
@@therichdadchannel8144 scammer
I totally agree and had the same thought
I think a lot of us agree with that
Robert, Why are you underestimating the intelligence of the "Rich Dad Crowd?!" You cut the guy off just when he was getting to the meat of it.
Go to Jason hartmans channel. He is awesome.
Because Robert realized Jason Hartman is an intellectual cheat age a charlatan. He is a failed broker who started podcasting and selling third party homes that are full of problems. Robert Kiyosaki did not care for Jason Martman’s BS
@@patmarco2251 This would explain a lot! Thanks for enlightening me. I just wish it wouldn't be at the expense of the viewers!
@@Bankerguy he is an intellectual cheat. Buy one of his 3rd part peddled turnkey rentals and you will know how messed up he and his BS is!
You need to know when someone is joking, because he says that sometimes to people who is explaining something.
sooo. . . what is the bottom price for realstate?
Great info thanks to Robert and the company.
Jason talks about a comparison to gold from early '70. I did a quick comparison to prices in 1990 and 2020 that to me paints a very different picture. Using Gold price in 1971 pegged at $35 to me was an an anomaly and can misrepresents outcomes.
yes, the Jason sounds like peterson...who is? working for ?
Well, Jason Hartman is an intellectual conman. He is usually “confident” and with an attitude on his own Chanel but here you Xan tell he was nervous abd afraid to get exposed. Kiyosaki knew nothing about him otherwise he wouldn’t have had him on his podcast
“Thinking is the hardest work there is, which is probably the reason so few engage in it.” - Henry Ford.
Came back to listen AGAIN. Always love listening to the discussions … always discover something EXTRA… just loving this ♥️
Robert you are awesome but you keep interrupting your guest speaker. I bit rude sometimes. Stop repeating the same statement on taxes. We get it. We love you but let your expert speak.
Indeed :(. The guest is so polite though, I salute him!
THE EGO of flesh just wont stop
Value of things ref. to other assets: when $ is somewhere in such calculation you get weird compariqons indicatingq housing is cheap. I’m not so sure this holds (but naybe it does). Another factor that’s important is productivity in design/construction of houses. Productivity increased spectacularly. Just a thought.
Good discussion that takes another perspective in the n-dimensional space of investing. Thanks for sharing.
How exciting that there may be an opportunity to construct buildings for less!! I so hope we can get more real estate supply, I really think in our capitalistic system that getting quality affordable supply to meet demand will be the hope of our future. May whoever pulls it off be very rich with all the value they give us
Jason Hartman is Jordan Peterson of economics.
lol...he sounds so much like him! 😂
What about interest rates driving prices up. I mean come on. What would prices be is the interest rates
We’re the same.
I am starving for knowledge and starving for freedom. I only wish my brain had taken this turn years ago. Thank you for providing an education that’s actually useful and ignites the brain.
Never too late
where does one buy silver or gold though?
Great information
There are a lot of reputable dealers. However, I would advise you not to buy numismatic coins.
Great to see Jason on here!
Real Estate it's an opportunity, the problem I'm in Chile, I sold everything, and I'm looking for a serious country to invest, the US seems to be the best always ❤️
Obviously! But set up a US entity with its own tax identification then loan your money to it from Chile and invest directly using that US entity
How to buy oil?
Thank you. I wish that Jason can also give us comparision the cost of living between the 1970s and 2021.
Search Shadow Stats. They maintain true long term COLA and inflation data. Government COLA is mostly way too low. Government, losing the game…. They change the rules.
So should I take my savings and put it in Gold and then wait until the market crashes to buy an apartment or duplex? This will be my first time purchase. I'm excited to buy, but I'm wondering if I should wait until the market crashes.
No.. gold has no liquidity.. you won’t be able to offload enough in time to buy a home. Who would buy it? Only pawn-like places, and at a fraction. I would be getting into cash. In a crash, cash is king.
Liquidity is valuable.. even if the dollar is losing value now, that’ll change quickly in a credit freeze situation like 2008..
Lack of liquidity - lack of cash flow - is what bankrupts even successful people and companies. Don’t ever put all your cash flow into one asset.
Gold has done really bad in the last 10years. I like robert but he pitches gold and silver a lot because he invested a lot in it … it was a good idea in the 70s, not anymore
@13:00 and if we take comparison year 1974?
What exchange or trusted stock can I buy gold ? I plan to hold onto it anyway
Jason makes a good argument about other commodities. But unfortunately the market doesn’t operate in that manner. The modern investor isn’t buying gold or silver. Most likely Crypto.
I would like to get the real state course training with you. How can I get information about it?
Mr Kiyosaki, I think you underestimate your audience. I'm no genius, but I was following along just fine and wanted to hear what Mr Hartman was saying. But thank you both for your content, I really appreciate your effort.
Jason Hartmans content is awesome
Excellent podcast episode!
love RobertS show
Hey im from Canada and want to get into real estate, do you recommend any good reading material or influencers that could lead me to the knowledge i need for canadian real estate investing?
I dont know if there is any other reason right now, or if what's going on with U.S treasuries in Japan has a sudden impact, a family member noticed a $500 reduction in CA pension benefits this month... served 40 years with an air force base....
Great podcast and advice from big names in real estate investing.
Jason is a great guest. Very informative
Robert, let your guests speak..........& please, stop that idiotic, moronic laughter
@@mikeoz4803 Agree with you, he always cuts them off as they dwell in. Like why stop a person intuition? let them express it all out.
Thank you very much Robert & Kim
How do you go about finding a good deal to invest say like the oil. What do you look for and what makes sense when looking at a company to invest in. How do you even find oil to invest in. Where do you look? Say I have 60,000 to invest but no understanding on who to talk to or where to go search for these oil exchange that's looking for investors? It's like your giving us the outside circle but the inside of the circle is closed. I need to see where the doors are to access the inside the circle to start making moves.
Thank you for the truth God bless yoy
Good Day Mr and Mrs Kiyosaki. Thank you for your services. What do you think is the solution to the Fed printing money? Personally i think (basically) is to stop Government spending and run the Government as a business. I truly value your opinions. Thank you Sir and Madam ! Kind Regards Phillip Angius.
True! In Canada market is crazy right now.
Could you pls do a segment on the CDC extension of the moratorium and what your thoughts are on how as a new landlord we can protect ourselves from this in the future? thank you
As a landlord you should get in touch with your elected officials. From the federal, state, and local levels. If tenants are not paying, understand the process to be reimbursed through the government. My county is offering rental assistance to landlords. But I stay in touch with the politicians. I figured out the process. I introduced myself. I tell them I’m scared and need help. Honesty and kindness opens all doors. Good luck!
I’m so confused as to why the CDC has the authority to make that decision
Me too. I think its because we the people gave the CDC the authority by holding them in a high regard. We encourage our kids to love and study science. So they graduate college and go to work where other scientists work. I have a friend who is SOOOO proud that his daughter married a man who works at the CDC. Truth be told the guy is a half-wit. Blank stare, no conversational skill, basically the human equivalent of a wet blanket. But he works at the CDC is Atlanta so his daughter is one of the lucky ones. Lol.
We pay for better schools so our kids learn how to look down on others. They grow into adults who believe you have to do everything yourself and mistakes mean you’re stupid.
When in reality its the people who learn to work together as a team that make the world better.
@@okaykidz3071 because they don't
Up your rents across the board
👏👏👏👏 mintue 15:00 HCI 💯
I went all in on bitcoin about a year ago
Robert I looked on his website, can’t find the HCI anywhere. Googled Hartman Comparison Index, nothing... Is this a case of the Howey Orange grove and the index doesn’t exist yet and is just a good idea?
The index is new so there’s not much out there about it online but I’ve done several podcasts about it on the Creating Wealth Podcast and we have a white paper that we’d be happy to provide to you.
@@JasonHartmanEmpoweredInvestor I think many of us would like a link to the white paper mentioned. This video left the impression we could all surf over to your site and take a look at the “Hartman Index”. I was hoping to compare values of various commodities and tangibles against each other, etc. The idea and example is still valuable in any case, and I thank you for that, but it would have been nice to dig deeper after seeing this video.
It's just Jason Hartman's own index that he made up.
@@JasonHartmanEmpoweredInvestor thank you for all you do Jason! One of the best
@@JasonHartmanEmpoweredInvestor so your peterson aka __________? working for?
They totally missed the point Jason was making with his index. Lol Sarah: who cares. Haha. It matters because he was saying real estate is actually cheaper than many other commodities. Aka it’s still good to store wealth in it.
In 1980 is when they took off energy and food from the numbers. Shadowstats numbers are based on the pre 1980 calculations. Also, it's not that they can't pay the debt, they can't even pay the INTEREST on the debt. That's why they can't raise rates. They're pretty much stuck but can run it out for a while yet, but you can definitely see it's getting closer
Probably just write off the the debt.
I wish you folks or the guest would comment on housing vs. wages too. If housing is cheaper vs. gold, where has the rest gone?
18:50 If you look from a vampire prospect 😂
Can you tell us what oil company your investing? We are also investing in oil
Invest in crypto and make massive profit
Thank you! You opened my eyes a year ago when I realized there were other places to put money rather than standard banking/stock market products. I have a lot to learn, but am learning to think correctly.
Yes but Gold has done really bad in the last 10 years compared to the stock market
that said, the 1971 gold price was woefullly under then market value
So appreciate your honesty!!!! Such a WISE MAN!
Nice to see you, Sarah. :)
Mugs can u sell those on Amazon ?
Great topic. Because learning that banks use securities that they can manipulate to keep Riches. But if individuals learn the Value of Commodities and Assets that can be collateralized.. Banks are playing a dangerous game With Real Lives...
The historical price of gold is quite non-linear. Pre-Bretton Woods it was over $700. In the 1940's. So a valuation of $35 in 1971 is really a significant anomaly (I.e. a huge under-valuation). That said, the point about the erosion of the value of money is valid and well made.
GREAT SHOW
Thank you sir!
Where do I buy legit gold bar safely?
Most residential loans prevent assignments.
Now ????
WOW!!!! I'M finally understanding inflation!!!
Just a thought from a construction guy
What would be wrong with buying rolls of copper wire as a place to store wealth ?
…… easy yo steal would be problem
nothing, copper has always risen steadily over time so that would work fine. the "problem" per say would be if there are better investments with larger upside like companies that mine copper and other minerals and may be "leveraged" to the mineral price like silver is "leveraged" to gold and usually has larger moves percentage wise
Seems that there would be lots of complicated factors....what about comparing with income ratios , a house then was 3 times the average salary i believe, now its 6 times , in some places its 20 times, like Vancouver or Sydney
Thank you for your work!!!! I am confused from seemingly contradictory advice. Would you hold cash in order to wait for gold and silver prices to drop and then load up or buy gold and silver now incase we go into worse inflation. I am afraid silver and gold may rise never to come down in relation to U S cash
Holding cash means it’s subject to inflation. Hold some cash, for property taxes, bills, etc. but in my opinion, gold and silver are better than a savings account. Good luck!
@@11AMcoffee that’s what I was thinking but I’ve heard Robert say a couple times that he’s holding cash waiting for things to get cheap like what happened in 2009 but then he says he doesn’t trust fiat currency and it could bust. Maybe he’s doing both or maybe he’s considering gold his cash. Or he’s thinking deflation will happen first and then high inflation or even hyperinflation?
@@johndean6045he means he is holding more cash because he thinks that there will be a crash and he can get most assets cheaper tomorrow.
Dangerous game because markets can stay insane for extended periods.
Great show , too many commercials
How can someone purchase oil shares?
Good one
I’m kinda lost on some math Jason. If oil was going for $3 a barrel on a medium house priced at $22,600 how did you get 6,746? I got a different figure, higher even without rounding.
Alguien resuma en español porfavor.....🙂
I'm always enjoying the Rich Dad programming is my favorite keep it coming
The medium family income was $9870 = 282 ounces of gold and now in 2021 the medium family income is $78,500 = 43.61 ounces of gold, so you tell me if real estate is expensive or not? Workers are being robbed and they don’t know it, there is a collapse coming and noone is looking at it.
That’s an excellent point. In the beginning of 1950s, USA produced 52% of the world’s products, as expressed in gold-convertible dollars. Today it is about 14%. Corresponds neatly with the real purchasing power of an average American dropping by about 4x since then.
The apparent wealth of today’s average American family is based on ever-expanding credit, which of course goes hand in hand with inflation, which in turn is associated with boom and bust cycles.
All of the above creates bigger opportunities for profit-generating passive assets compared to the situation when credit was limited by the gold standard and Americans actually had to produce stuff to make a living.
This is a nice party while it lasts, yet the interest rates don’t have much room to go any lower, and thus the party will be over sooner than most speculators think. Investments of time and energy into good health, good education, and into creating tangible things and useful services will come in vogue again.
What about the demand at each time for gold and house’s , is gold not used in electronics today , so would have more demand today as more use cases. Also global stability, there’s to many variables to make a accurate judgement, population, amount of dwellings , gold been mined ,
Houses in US, when u compare to the wages they make, it is still affordable. Let say, a house in bayarea is in average 1.5 million. However, a middle class working couple, they probably make over 200k a year. One thing not putting into consideration is, the amount of money ppl spend on enjoyment. Like luxury items, vacations…. If they cut down on buying stuff, just focus on saving money, I think a house becomes more affordable
200k isn’t middle class when like the median salary is 50-60k.
Great, Great podcast
The situation is really dire if Robert is joking about getting censored and taken down for discussing his financial perspectives.
It is, freedom is taken in small increments.
Issue I had recently was liquidating a bit of gold to escape rent inflation and buy a home where I have work.
Where can gold be sold without losing 10+%? (Without risking robbery). Local coin store costs 10%. Ebay costs 12%. Where's the best place to sell?
try a trusted friend...
There is sign of buying gold at swap meet.Idonot know how much they pay but I see almost everywhere they sell jewlery.
This index makes a lot of sense . It takes the guesswork out of what is cheep
One of the biggest problems is the debasement is so bad against wage increases that people no longer even have the money to accumulate to purchase things that will protect their wealth WITHOUT sacrificing what little they have left over to have some semblance of enjoyment. I have zero debt, high level career, and own everything except my house and BARELY have enough left over to afford taking my wife on a date every few months and taking my kids out every couples months to do things so they can have some kind of life outside of the house and school. This economy is absolutely miserable and corporate greed on wages is absolutely disgusting and destroying the community and the opportunity to enter the middle class.
I agree with Jason and he is a smart guy but one point he is missing is that I can make more dollars with my dollars but I can’t make more gold so if I’m smart I can gain more dollars to offset the devaluing.
I put 75% of my earnings in precious metals 25% to function on. My precious metals biz allows me to earn cash & metals...all at the same time while writing it all off on my taxes 🤗 !
Good idea, what metals you must interested in? Platinum, palladium, gold, silver?
@@Fasttowpro All 4...I’m an affiliate with a company that pays me cash & metals to share with others.
How do u become an affiliate
How does someone participate
Hi how you do it. Like where?
How does anyone get into the oil investing like you do Kim
It's like most things that rich people make the most money on that normal people don't have access to. You have to be a
"Qualified" investor. Translation, you need a shit ton of money.
lube
@@ifwecouldvote I definitely enjoy a good lube too 🤗
Hello, I am wanting to communicate with Mr. Kiyosaki regarding his program. My first question is do you know how they are going about running this program in your name? I ask this because because I have encountered some issues and I was astonished by my experience. I read your book Rich Dad Poor Dad years ago so when I saw that you had a program to work with people I decided to reach out immediately but I think you need to be aware of how this working. I am very dedicated to seeing all of this through but I do need assistance in terms of having someone to talk with and ask questions as they come up.
I LOVE THEM... BUT THEY ALWAYS say to buy gold but never say where 🤔 .. please let us know...
No. It's just big business...like Zillow and other investors buying up residential properties. Then they are staging, reselling or renting. They are grabbing them up before citizens can get them. Or out bidding.
The biggest complaint I hear from people is "you tell me WHAT to do but you don't tell me HOW to do it. I keep telling them to play the Cash Flow game to learn HOW. They are too cheap to buy the game. I don't understand people like that...
How much it's costs too get started in real States ?/OR what's the tickets SYMBOLS ???...
How do you store OJ for 5 years? Isn't it expensive to store oil when you consider the cost of building storage tanks and having them built to regulatory specs?
My favorite Marine:)
Fridays are my day to spend my day with the rich dad family. Jason's information will help me explain to my daughter why she is buying silver. She still doesn't understand what she can do with it but we buy every week . I greatly appreciate Robert and Kim. And yes books do change your life
You buy land right now, forget houses. Find an empty piece of land and buy it and let the newbies go buy the expensive homes.
And do what just hold it?? No cash flow what’s the point
If you chose a different date you would come to the opposite conclusion (better off holding dollars). Pretty shady that you don't mention this. If you were to buy gold slowly over many years though you would be better off in gold than dollars.
Great video!!
but I thought they had Kermit the frog on for 5sec