1684: Added Expenses of Home Building Regulations & the State of the Short-Term Rental Market with Jasper Ribbers
Manage episode 292174488 series 2294384
Do you know how much of the sales price of your new home is tied to regulatory burdens? Hint, it's a LOT more than you probably believe. Jason Hartman discusses why it's critical to the health of our housing market to get that under control. Especially in the environment we find ourselves in today.
Then, Jason joins Jasper Ribbers on Get Paid For Your Pad. The two discuss how we experienced an unprecedented drop in GDP in 2020 and record unemployment numbers. And yet, the real estate and stock markets seem to be doing fine. So, how do we make sense of this discrepancy? What is the economic outlook for 2021 and beyond? And is now a good time to invest in short-term rental properties?
[2:12] It's time to reduce the regulatory burdens on home builders
[6:40] Regulations cost $93,870 per new home
[9:37] Lumber has added $34,000 to the price of new homes
Jasper Ribbers Interview:
[15:12] How do we make sense of the disparity between what we saw in GDP and what we see in the housing market?
[19:42] If you don't own hard assets in this environment you're getting left behind
[25:11] The real beauty is paying back our mortgage with cheaper dollars
[33:22] A 30 year mortgage is an incredible asset
[39:33] How will unemployment numbers impact the housing market?