Jason Hartman talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online, and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.

Key Takeaways:

[1:32] What problem is Rent the Backyard addressing?

[6:26] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned

[11:02] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper

[14:34] The income side of Rent the Backyard's business model

Website:

www.RentTheBackyard.com

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.

Key Takeaways:

[1:21] Are lower interest rates good news for cyclical markets or are they just too overpriced?

[5:48] The rise in wages has helped the economy but it's not changing the overall trend or forecasts

[9:46] Why are housing starts so important?

[14:51] ITR's concerns with the tariffs currently being put in place

[19:07] More tariffs could potentially put us in a recession, so be very careful if we see more coming

Website:

www.ITREconomics.com