On this episode of the Investing for Freedom podcast, Mike talks about Maslow’s hierarchy of needs, especially the psychological levels of the pyramid. Mike explains how we’re all trying to solve the lower levels of the hierarchy and how most of us spend 80-90% of our time working on it. Mike also touches on the increasing rent prices and wonders how people will pay their rents if property prices keep doubling.
“If asset prices are doubling after a few years, how can people afford to pay rent?”
HIGHLIGHTS:
0:00 – Intro to Maslow’s hierarchy of needs
1:24 – Mike is pondering the psychological needs of Maslow’s theory
2:23 – Keith Cunningham has thinking time where he thinks through a problem every morning
3:30 – Mike asks where are we heading in the real estate world
5:04 – One of the things that the government showed their hand on is that they protected everyone but landlords
7:33 – If asset prices are doubling after a few years, how can people afford to pay rent?
9:02 – If you have an evictions, the next step is rooming with someone because it’s so hard to rent after being evicted
11:04 – When taxes increase, we have to pass the savings on to the consumer
12:42 – We’re all trying to solve the lower levels of the hierarchy
