The Harsh Reality of Homeownership in 2024

Today we discuss the labor market and its broader implications. With Boomers retiring, there's a significant labor shortage globally, leading to reduced staff and increased workloads, even on cruise lines. This shortage drives wage inflation, which in turn boosts rent and housing costs. Technology, including AI, will play a role in mitigating this shortage, but it won't solve everything. This labor crunch allows workers to demand higher wages, especially in sectors like healthcare and construction. We also touch on rising insurance rates, which are manageable and often passed on to tenants. Join our monthly Zoom meetings for more insights. We will also focus on the Alabama market this month. 

#Inflation & #HousingAffordability #LaborMarket #Boomers #LaborShortage #WageInflation #RealEstate #Investing #AI #Technology #HousingMarket #Inflation #InsuranceRates #TenantTips #InvestmentOpportunities #RealEstateInvestor #EconomicTrends #FinancialTips

Key Takeaways:

0:00 A dead cat in Germany
0:53 The Labor Market and what it means to you as a Real Estate investor
5:07 Join our Zoom Masterclass every second Wednesday of every month JasonHartman.com/Wednesday
6:42 Passing on your homeowners Insurance to your renters
8:00 Insurance increases
14:53 Join Empowered Investor Pro today!

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