Kerry Lutz's--Financial Survival Network

Summary:
New York Times bestselling author Sam Liebman sits down and chats with me about real estate; specifically, the we discuss the valuation of office buildings, which is rapidly decreasing. This is largely attributed to the pandemic. Many tenants stopped paying rent, and Sam predicts that valuation of office buildings will soon be lower than mortgage. With less people going back to work, this sector of real estate is looking barren. Tune in for more information.

Highlights:
-Interest rates have gone through the roof
-The real problem is the technology regarding the effects on office buildings and retail
-You don’t have to live in the city to do business in the city anymore
-Manhattan office buildings are only 40% occupied—which is terrible for the valuation of real estate
-During the pandemic, tenants were not paying rent
-Soon, valuation will be lower than mortgage
-We are probably going to see an avalanche of foreclosures.
-Rents are going up, but so are operating expenses (i.e. insurance)
-Governance has fallen victim to politics
-Remote work is still very attractive to people considering employment options
-Florida wants to cap the amount you can increase rents to 15%
-If Florida doesn’t have an income tax, where is the money going to come from to build? It needs more infrastructure

Useful Links:
Financial Survival Network
Sam Liebman

Summary:
Author John D. Kuhns, an expert on Bougainville and the mining aspect, comes on the show to discuss the next big conflict that the US will have to face with China. Bougainville is going to become the newest nation, and its mining reserves approximate $100 million. In order to re-develop the mine, they’re going to need help financially and technologically. Tune in to hear what’s to come with Bougainville, the US and China, and the mining sector. Additionally, if you’re interested in John D. Kuhns’ They Call Me Ishmael, you can find it via the link to Amazon below.

Highlights:
-Bouganville is on the front line of what is expected to be the predominant conflict the US will face over the next decade—the conflict with China
-Its reserves approximate $100 million
-There is a lot of mining, but also a lot of poverty in this area
-Bougainville is going to become the newest nation
-Their constitution differs from that of Papa New Guinea
-Bougainville’s mining/resource rules parallel the ones in the US
-They need help financially and technologically to re-develop the mine
-They Call Me Ishmael is John’s novel that discusses this topic
-China is upgrading to a military involvement
-A big problem is coming and we need to be financially/militarily prepared
-China doesn’t always deal with their land properly or assess risk

Useful Links:
Financial Survival Network
John D. Kuhns Wikipedia
They Call Me Ishmael