The Real Estate Espresso Podcast

Latest Episodes:

How High Is Inflation Really? Sep 14, 2021

Show notes

On today’s show we’re continuing our series this week on inflation. On yesterday’s show we talked about the debt trap that countries find themselves in. On today’s show we’re talking about how in my opinion the numbers being stated by governments around the world are vastly underestimating the actual rate of inflation.

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Host: Victor Menasce

email: podcast@victorjm.com

Surviving During Inflation Sep 13, 2021

Show notes

On today’s show we’re taking a deeper look at inflation. Inflation is in the news these days and with good reason.

This week we’re taking a deeper look at inflation over the course of several shows. On today’s show we’re going to talk about the very first impact, the wiping out of purchasing power for those on fixed income.

So what happens when inflation gets out of control? People on main street suffer the most. There are three impacts of inflation.

1) It has the effect of wiping out purchasing power for those on fixed incomes

2) It has the effect of wiping out savings

3) It has the effect of wiping out debt with fixed interest rates.

In an inflationary environment the underground economy flourishes. There are numerous examples of this.

Robert Helms on Mahogany Bay Village Sep 12, 2021

Show notes

Robert Helms is the host of The Real Estate Guys Radio Show. He's also a developer with a rich history in developing all kinds of projects both in the US and internationally. On today's show he's sharing the story of how Mahogany Bay Village, a Hilton Curio Collection Property came into being.

You can learn more about Robert at realestateguysradio.com

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Host: Victor Menasce

email: podcast@victorjm.com

Tim Milazzo Sep 11, 2021

Show notes

Tim Milazzo is the founder and CEO of StackSource.com. This financial technology company (fintech) seeks to revolutionize and simplify the world of commercial lending. His team is investing to making intriguing advances in the realm of commercial loans. To learn more you can visit stacksource.com.

Stock Market Risk Is Rising Sep 10, 2021

Show notes

On today’s show we are talking about the danger of predicting the future. But we may be on the edge of a cliff that few people can truly see coming.

It was only a few weeks ago that economists were predicting continued economic growth into the fourth quarter. Kids are returning to school, life is getting back to normal, and the economy should generate about 750,000 jobs in the month of August. But when the real numbers were tallied, the number of jobs created was 1/3 of the gain expected.

How To Model Inflation? Sep 09, 2021

Show notes

On today’s show we’re talking about a question that is on a lot of investor’s minds. We keep hearing from the Federal Reserve and government officials in the Treasury department that inflation this year, while elevated, is expected to be transitory. That is to say, it’s temporary. We have seen rents increase, sale prices increase sharply in response to low supply of housing.

When it comes to certain commodity prices, we’ve seen prices rise and later fall based on short term supply and demand dynamics in the market place.

Rents have a general tendency to stick. They tend to rachet upwards. Even older buildings tend to increase rent, but more slowly. Unless a building is truly an inferior quality living space, you can expect to see rent increases approaching the market average.

The rising cost of land and the rising cost of construction are the major factors that drive higher asking rent for new buildings.

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Host: Victor Menasce

email: podcast@victorjm.com

Big Brother Wants Your Money Sep 08, 2021

Show notes

Today El Salvador was the first country to adopt Bitcoin as a recognized currency.

But this takes us back to the fundamental question of what is money? Why would a country adopt a currency that is as volatile as bitcoin? It’s not an effective store of value, and its usefulness as a means of exchange is improving all the time, but is still difficult.

El Salvador made the announcement in June a crypto currency conference in Miami to adopt bitcoin as an additional currency. The President of El Salvador said that the reason for adopting crypto was the short term benefit of creating jobs and provide financial inclusion to thousands of people outside the formal economy.

The country has been using the USD since 2001. Before that, the local currency was called the Colon which had been in use since 1892. But when El Salvador adopted the USD in 2001, they didn’t remove the Colon as a valid legal tender.

The majority of citizens are opposed to having their wages denominated in bitcoin due to the extreme volatility of the currency against the USD and other major currencies. There is real fear that the purchasing power can be eroded overnight. Furthermore, while you can pay your taxes in bitcoin, so far, the Salvadoran government has said that taxes will be calculated in US dollars

El savador is a poor country. There is a large percentage of the population that don’t own a cell phone, and many who do own a cell phone cannot afford a data plan. So using a digital wallet without a data connection is clearly problematic.

So when I hear the president of El Salvador speak, what I’m hearing is that they are having a hard time even observing the economy. Much of the economy is happening in cash, with no income reporting to central tax authorities. It’s hard to tax transactions you can’t see. Is the person bartering a chicken for a basket of mangos going to pay tax on the sale of the chicken? I doubt it. If they’re paying in cash in US dollars, are they going to inform the tax authorities?

A Learning Culture - "How can we improve?" Sep 07, 2021

Show notes

At 11:01 AM yesterday, lightning struck one of our assisted living care homes and started a fire. The building was empty at the time of the incident and had only received its operating license a couple of days earlier.

On today's show we're talking about how you can use every single event that happens in your business as an opportunity for continuous improvement, to create a learning culture.

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Host: Victor Menasce

email: podcast@victorjm.com

AMA - Managing Multiple Businesses Sep 06, 2021

Show notes

Today is another AMA episode (ask me anything). This question comes from David in Belize.

David asks,

I have several companies ( broker, agent, syndication, gift shops, personal properties) and starting a few others. ( Nowhere near your scale for now 😊)

I know you have several Companies/Projects going on i.e., farm to table restaurant, Philly construction, several projects in Louisiana ( RV park, multi fam, retirement homes). You always talk in your podcast about having calls to your teams.

My question is, how often do you have these meetings with your team(s) (Zoom or call), 1x a week, 1 time a day? Every 2 weeks, etc.???

How long do these meetings last?

How do you balance your family/free time?

Chris Widener Sep 05, 2021

Show notes

Chris Widener is an internationally recognized keynote speaker and author. He has authored more than 22 books. On today's show we're talking about his history as an author and a speaker.

Chris is passionate about our culture and has become politically involved lately. At the Real Estate Espresso Podcast we don't endorse any political party and remain agnostic. Heck, I'm Canadian and don't even get to vote in a US election.

I have several of Chris's books on my shelf and you can find them anywhere books are sold. You can connect with Chris at chriswidener.com or learn more about his events at americanfreedomtour.com.

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