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The Financial Samurai Podcast


Welcome to The Financial Samurai Podcast!

In 2H2017, I decided to start publishing audio versions of my posts for those of you who would rather listen than read. The audio versions contain little bits of nuances that you won’t find in the articles. They are also a way for me to build a library of thoughts for my children just in case I pass away before they become adults.

I hope these Financial Samurai podcasts make your commute or your exercise routine a little less painful.

Happy listening!

Thanks,

Sam

Jan 12, 2024

In this episode, I speak to Ben Miller, CEO of Fundrise about his change in outlook for the real estate market in 2024 and beyond.

He believes October 2023 was the bottom and we're going up from here. 

In this episode we explore several key topics:

  1. The reasoning behind Ben's belief that October 2023 marked the bottom, and the less obvious indicators supporting this perspective.
  2. The motivation behind selling during this period, just after reaching the presumed bottom.
  3. The possibility of using one fund's cash to support a deal in which another fund is investing.
  4. Ben's insights on investing in office properties at significant discounts.
  5. Drawing parallels between e-commerce and the work-from-home trend, highlighting the potential permanent increase in the value of residential properties.
  6. Emphasizing the importance of investing in alignment with macroeconomic tailwinds, not headwinds.
  7. Discussing the anticipated percentage upside in institutional real estate prices for 2024.
  8. Exploring the methodology for calculating the Net Asset Value (NAV) of specific properties within the fund.
  9. Recognizing the non-linear nature of significant changes and the importance of staying invested to benefit from high catalyst moments.
  10. Reflecting on Ray Dalio's perspective – "I'd rather be approximately right than precisely wrong" – especially in the context of predicting year-end interest rates.
  11. Considering the viewpoint that a recession might be bullish for real estate due to the potential rapid and extensive decline in interest rates.

If you want to dollar-cost-average into a Fundrise fund, you can do so by clicking here. The investment minimum is $10. Financial Samurai is an investor in Fundrise and Fundrise is a long-time sponsor of Financial Samurai.