Episode
Everything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
1:10:54
Published: Wed Aug 31 2022
Description
Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. Although he didn't receive any formal financial education, he is on a mission to make financial education fun and accessible.In this episode you will learn:How the economy and real estate markets are connected.To utilize a growing financial education as a tool.Why you should be living below your means and investing.Three things to ask yourself before you know if you can afford something.For more, go to lewishowes.com/1313Click below to hear Jaspreet’s previous episodes,Take These Steps If You Want to Become Rich - EP 1301Money Habits To Prepare Against Inflation, Market Crashes & A Recession - EP 1283The Biggest Lies You've Been Told About Money, Debt & Building Wealth - EP 1257How To Prepare For Financial Freedom In A Changing Economy - EP 1254
Chapters
Mindset plays a more significant role in success than tool sets, yet people tend to believe that they aren't successful because they don't have the right tool set.
00:00 - 00:53 (00:52)
Summary
Mindset plays a more significant role in success than tool sets, yet people tend to believe that they aren't successful because they don't have the right tool set. Lewis Howes' podcast brings inspiring messages to unlock inner greatness.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The aftermath of the 2008 financial crisis is still felt by many individuals today, as a result of the reckless lending practices of banks that prioritized their own profits over the well-being of their customers.
00:53 - 04:52 (03:59)
Summary
The aftermath of the 2008 financial crisis is still felt by many individuals today, as a result of the reckless lending practices of banks that prioritized their own profits over the well-being of their customers. This economic issue had a profound impact on the real estate market and ultimately trickled down into the larger economy.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The rise of adjustable rate mortgages (ARMs) contributed significantly to the housing market collapse of 2008.
04:52 - 12:08 (07:16)
Summary
The rise of adjustable rate mortgages (ARMs) contributed significantly to the housing market collapse of 2008. ARMs were marketed as a way for homebuyers to afford a home, but often left them in a worse financial position due to lack of understanding of how they worked and the assumption that home prices would continue to rise.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
In this episode, the host explains how the Federal Reserve Bank's money printing strategy in 2020 to combat deflation has led to inflation and higher unemployment rates.
12:08 - 22:08 (10:00)
Summary
In this episode, the host explains how the Federal Reserve Bank's money printing strategy in 2020 to combat deflation has led to inflation and higher unemployment rates.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The Federal Reserve Bank plans to keep increasing interest rates based on the state of the economy and inflation until the housing market breaks or inflation comes down.
22:08 - 27:25 (05:16)
Summary
The Federal Reserve Bank plans to keep increasing interest rates based on the state of the economy and inflation until the housing market breaks or inflation comes down. They hope to see unemployment increase, stock market decrease and real estate prices cool down to combat inflation.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
It is better to keep an eye on the Federal Reserve Bank's interest rates rather than the housing market itself, avoiding getting emotional with sudden up and down swings in the stock market, as the real estate market tends to move significantly slower due to the process of buying and selling homes.
27:26 - 35:06 (07:40)
Summary
It is better to keep an eye on the Federal Reserve Bank's interest rates rather than the housing market itself, avoiding getting emotional with sudden up and down swings in the stock market, as the real estate market tends to move significantly slower due to the process of buying and selling homes.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
It's recommended to buy a home if you can afford it, without trying to wait for the housing market to crash.
35:06 - 38:33 (03:27)
Summary
It's recommended to buy a home if you can afford it, without trying to wait for the housing market to crash. Rent what you own and live where you rent, especially if you want to make improvements to your home.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The best case scenario for real estate investment depends on the perspective of the investor.
38:33 - 48:49 (10:15)
Summary
The best case scenario for real estate investment depends on the perspective of the investor. While a crash in real estate prices would benefit buyers looking for discounts, a slow and steady increase in interest rates with lower inflation would support a stronger economy.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The economic slowdown may continue due to inflation problems and rising unemployment, with the Federal Reserve Bank being the crucial factor that will determine what happens to the housing market and economy.
48:49 - 52:40 (03:50)
Summary
The economic slowdown may continue due to inflation problems and rising unemployment, with the Federal Reserve Bank being the crucial factor that will determine what happens to the housing market and economy. The speaker recommends diversifying investments across real estate, stocks, crypto, and physical gold.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The Inflation Reduction Act proposes investing billions of dollars into the IRS to hire more agents and collect more tax dollars and past taxes.
52:40 - 59:33 (06:52)
Summary
The Inflation Reduction Act proposes investing billions of dollars into the IRS to hire more agents and collect more tax dollars and past taxes. The IRS will need to beef up on auditing agents to collect more money, which may require the injection of more money into the government or more tax dollars.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The tax code being over 2,000 pages long, requires a lot of knowledge and education to understand and read, and things keep changing all the time.
59:33 - 1:04:24 (04:51)
Summary
The tax code being over 2,000 pages long, requires a lot of knowledge and education to understand and read, and things keep changing all the time. Therefore, experts of the tax like this interviewee in the podcast helps people to guide them about tax and offer advise that seamlessly manages their money.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
The speaker sees the opportunity to invest in market briefs and tax firms and enjoys doing it, while also using apps like FTX and Acorns for automatic investments.
1:04:24 - 1:08:26 (04:01)
Summary
The speaker sees the opportunity to invest in market briefs and tax firms and enjoys doing it, while also using apps like FTX and Acorns for automatic investments. They also share their experience of buying whole life insurance policy at a young age.
EpisodeEverything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
PodcastThe School of Greatness
Whether you're waiting to invest in the stock market or save for a down payment on a house, understanding your current financial position is key to building wealth.
1:08:26 - 1:10:37 (02:10)
Summary
Whether you're waiting to invest in the stock market or save for a down payment on a house, understanding your current financial position is key to building wealth. No matter what market or economy you're in, there's always a way to make money.