Tue, 14 August 2018
CW 1042 - Rising Inflation, the Future of AVMs & Impact of Short-Term Rentals with Dr Andy Krause, Part 2
Jason Hartman starts today's show off back in the car with Carmen discussing some news he's seen recently. Inflation continues to creep up, apparently into the range that makes Central Banks happy, but Jason wants to know why we even have to see inflation, and explains what impact that will have. He also discusses the changes in America (and the history of marketing) that turned us into a consumer spending economy and the squeeze on American manufacturers currently happening.
Then Jason finishes his interview with Dr. Andy Krause, Principal Data Scientist at Greenfield Advisors and AVM Analytics, as the two wrap up their conversation about Automated Valuation Models (AVM). This time the two discuss the wide range of uses AVMs have, how they're going to be changing moving forward, and how short-term rentals are impacting housing markets across the country.
[5:07] Inflation is rising into the range the Central Bank deems "healthy"
[8:39] America is the land built on consumer spending
[12:36] American manufacturers are running low on parts
Dr. Andy Krause, Part 2
[15:35] What the AVMs do outside of simply valuing individual homes
[17:56] The future of AVMs
[21:15] The effects of the short-term rental market on the overall housing market