Mar 7, 2023
Key Takeaways
80% of all profit being generated in real estate in the last 10 years is simply tied to things that have nothing to do with properties and even nothing to do with markets.
The best days of multifamily are behind us. I don't have any data that suggests that the best days of multi-family are ahead of us.
By speaking relatively, I think multifamily's still up there, but it's best days are unquestionably behind it.
I believe that going forward, multi-family is likely to track with inflation.
Inflation is simply a tax on savers. Inflation is a deliberately designed mechanism designed by the banking system to dilute the value of your dollars.
The reserve currency of the world is not a privilege. It is a burden. And if you don't understand why it's a burden, then you need to do some research and understand that it is a burden.
Technology tends to basically have an impact where it drives down rates and we are entering an extraordinary new phase of technology, which will make the last 30 years look like child's clay.
Timeline
[00:39] Intro to Podcast
[02:05] Intro to episode guest
[02:57] One word that describes Neal personally and professionally.
[04:20] Neal shares about his background and what he is up to.
[06:21] Neal talks about the ghost of macroeconomics.
[10:14] So explain a little bit or what's your perspective right now of where we are, where we've come from and where we're going?
[17:57] Explain what inflation is and where it’s at today?
[25:31] What do you do to do multi-family and operate in the disparity of everything that's going on?
[34:28] How to get ahold of Neal and what he can do for you.
[36:23] What 's the best tourist attraction you've ever seen?
[37:01] Best restaurant?
[37:30] Last nuggets from Neal
Contact
Google: Neal Bawa (He is the only one)