Wealth Formula Podcast Podcast Por Buck Joffrey arte de portada

Wealth Formula Podcast

Wealth Formula Podcast

De: Buck Joffrey
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Episodios
  • 573: What If We're Entering an Entirely New Economic Era?

    573: What If We're Entering an Entirely New Economic Era?
    Aug 23 2026
    Every once in a while, it's useful to zoom way out. Most of the time, we look at the economy as a collection of separate stories. The federal government is running enormous deficits. Stock market valuations are near historic extremes. China has emerged as America's greatest strategic competitor. Defense spending is ramping up. And hundreds of billions of dollars are pouring into artificial intelligence. But what if these aren't really separate stories? What if they are all consequences of a much larger transformation that has been taking place for more than 50 years? For most of modern economic history, there were hard limits on how much money and credit could be created. Gold was ultimately the constraint. Once that constraint disappeared, the world changed dramatically. Credit exploded. Global trade expanded. Interest rates fell. Asset prices soared. And American consumers were able to buy trillions of dollars of goods from the rest of the world without the old requirement that trade eventually balance. That system created extraordinary wealth. But it also had consequences that few people anticipated. One of the biggest beneficiaries was China. Over several decades, China went from a poor country to an industrial superpower and America's primary strategic competitor. Now that competition is producing another massive shift. The United States is preparing to spend significantly more on defense, semiconductors, advanced manufacturing, energy and technology. At exactly the same time, we are witnessing another enormous investment boom: artificial intelligence. The largest technology companies are now spending hundreds of billions of dollars building the infrastructure necessary for AI. And that raises some fascinating questions. Are we witnessing another speculative technology bubble? Or are we at the beginning of a productivity revolution significant enough to justify today's extraordinary investment? Could both be true? And what happens if artificial intelligence eventually makes not only information, but intelligence itself—and perhaps even labor—abundant? At that point, we may be talking about something much bigger than the next economic cycle. We may be talking about the evolution of the economic system itself. That's the subject of my conversation with economist Richard Duncan this week on Wealth Formula Podcast.
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    40 m
  • 572: Zoning, Rent Control, and the Housing Shortage

    572: Zoning, Rent Control, and the Housing Shortage
    Aug 16 2026
    Why is housing so expensive in some American cities—and why does it seem like we can never build enough of it? We tend to blame everything from interest rates and developers to investors and population growth. But a big part of the answer may be much simpler: in many of the places where people most want to live, we've made it extraordinarily difficult to build more housing. My guest on this week's episode of Wealth Formula Podcast is Dr. Jan K. Brueckner, professor of economics at the University of California, Irvine, and an expert in urban economics and real estate markets. We talk about the basic economic forces that shape our cities, why housing affordability has become such a serious problem, and how zoning and other land-use restrictions can drive prices higher by limiting supply. We also get into upzoning, the push toward greater housing density, and why economists are generally so skeptical of rent control—even though it can certainly benefit the tenants who already have it. For those of us who invest in real estate, this is an especially interesting conversation because these policies don't just affect housing affordability. They can fundamentally change supply, rents, property values, and ultimately the economics of investing in different markets.
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    30 m
  • 571: The Great Real Estate Reset Is Happening—But in Slow Motion w/ Peter Muoio

    571: The Great Real Estate Reset Is Happening—But in Slow Motion w/ Peter Muoio
    Aug 9 2026
    For the last three years, commercial real estate investors have been waiting for a dramatic reset. The expectation was straightforward: higher interest rates, a wall of maturing loans, and distressed sellers would eventually force prices sharply lower, with the correction happening all at once. Instead, the great real estate reset is happening—but it's happening in slow motion. Today, we're seeing selective opportunities where quality multifamily assets can trade at discounts of 30–40% from prices just a few years ago. Naturally, many investors wonder if they should keep waiting for even better deals. But how much better could they actually get? One of the most interesting insights from this week's guest is that today's transactions don't necessarily represent a market that is still falling—they represent a market that simply isn't functioning normally. Most of the deals getting done involve either distressed sellers who have no choice or trophy assets that always command a premium. The vast middle of the market remains frozen as buyers and sellers continue to disagree on value. In other words, these distressed trades may not be evidence that everything gets cheaper from here. Instead, they may represent some of the best opportunities created during this slow-moving reset. This week's guest is Peter Muoio, one of the country's leading commercial real estate economists, and he helps us take a deeper dive into what's really happening. We discuss why today's environment is fundamentally different from 2008, why the so-called "wall of maturities" has become a slowly rolling wave instead, what finally ends the price discovery process, and why uncertainty—not a lack of capital—has become the biggest obstacle to a full market recovery. We also discuss why multifamily fundamentals may improve as new supply fades, why institutional capital is waiting patiently on the sidelines, and why some of the most overlooked opportunities may emerge from sectors investors have largely abandoned. If you've been wondering whether commercial real estate has already reset—or whether the best opportunities still lie ahead—I think you'll find this conversation both practical and thought-provoking. Learn more about Situs AMC: https://www.situsamc.com/ Sign up for Wealth Formula Investor Club: https://wealthformula.com/
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    29 m
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