Irvine, CA (PRWEB) August 25, 2011
Jason Hartman, host of The Creating Wealth Show and creator of the Complete Solution for Real Estate Investors™, invites you to tune into podcast episode 117 as he interviews Hoover Institution Senior Fellow, Thomas Sowell, on The Housing Boom and Bust. Jason Hartman and Thomas Sowell discuss how the current economic crisis grew out of policies based on good intentions and mushy thinking.
For far too long, too many people have regarded home ownership as ‘a good thing.’ It is certainly true that home ownership has its benefits. Like everything else, it also has its costs and its risks. This statement by The Creating Wealth Show guest, renowned American economist Thomas Sowell has been regretfully muttered by many homeowners in various forms over the past several years.
“The real question is ‘why was there suddenly all of this delinquency and default in the mortgage market?’ And the answer to that is that banks and others were pressured into lending to people who did not meet the standard that had been in use for decades, things like the 20 percent down-payment and verified income and so on,” said Thomas Sowell. “And under pressure from the government, there were actually quotas set up for Fannie Mae, Freddie Mac.”
Sowell is currently a senior fellow with The Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics and political science. Known for his economically laissez-faire perspective style while writing, Sowell’s book, The Housing Boom and Bust, shows how Democrats and Republicans ruined both the housing and financial markets. Sowell’s most recent book Intellectuals and Society examines the influence of intellectuals in society—with intellectuals defined as "idea workers" that exercise profound influence on policy makers and public opinion, but too often are not accountable for results.
Jason Hartman’s Creating Wealth Show has featured many recognizable names in recent years including Pat Buchanan (presidential candidate), Harry Dent (The Great Depression Ahead), Michael Gerber (The E-Myth Revisited), Robert Kiyosaki (Rich Dad, Poor Dad), Thomas Woods (Meltdown), Michael Munger (gubernatorial candidate, North Carolina), Addison Wiggin (Empire of Debt with Bill Bonner) and many others. The Creating Wealth Show is available for free on http://www.JasonHartman.com/radioshows or the iTunes store—offering investment strategy advice to those who wish to be financially independent through income property investing
About Jason Hartman
One of America’s foremost experts on long-term wealth creation through income property, Jason Hartman is the founder and CEO of Platinum Properties Investor Network, The Hartman Media Company, Open Door Auctions and The Jason Hartman Foundation. Starting with modest means, Jason Hartman, at the age of 19, embarked on a part-time career in real estate while in still in college. Through creativity, persistence and hard work, he soon joined the ranks of the top one-percent of U.S. brokers and earned a number of prestigious industry awards.
By 1997, Hartman realized his entrepreneurial dream and turned around a failing real estate brokerage firm that he later sold to Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Hartman’s highly sought after educational events, speaking engagements and his acclaimed “Creating Wealth” radio show inspire and empower hundreds of thousands of people in 26 countries worldwide.
Hartman’s Platinum Properties Investor Network, Inc. is an innovative firm designed to help people achieve the American Dream of financial freedom via income property investment in prudent markets nationwide. His Complete Solution for Real Estate Investors™ is a comprehensive system providing real estate investors with education, research, resources and technology to handle all areas of their income property investment needs. For information, call 714-820-4200 or visit Jason Hartman online.