Jason Hartman - September 2019

Jason Hartman's Financial Freedom Report

E very time I venture across the Atlantic to visit Europe, I’m left with the same question: Why do so many Americans look to the countries on that continent as role models for our nation’s future? This summer’s trip was no exception. I came home even more firmly convinced that U.S. real estate is the best in the world, thanks in part to the wonders of capitalism. All Aboard U.S. Income Property! Why a Recent European Cruise Made Me Love U.S. Real Estate Even More

real estate market are very inactive. Excessive government regulation stifles growth, and everything moves slower because Europeans have been conditioned for the mindset of scarcity rather than abundance.

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Frankly, every time I visit Europe, I’m reminded of why I love the U.S. Here, the mindset for everyone from businessmen to blue collar workers is abundance. Creativity and innovation abound, and more lenient government regulations encourage

Mortgage Payment

$1,243

$1,229

My impression after a recent 10-day Scandinavian cruise was that, although the scenery was beautiful and the locales were exotic, every stop provided a window into the disastrous impact of European socialism. There’s no doubt that

Median Home Price

$306,000

$312,800

investment and risk. It’s no wonder investors from around the world love buying U.S. real estate.

Residential Construction

$509.6 B

$512.8 B

the standard of living in the U.S. is higher than it is in Europe. According to a 2017 Pew Research Center study, the median disposable income of middle-class households in 11 Western European countries trails well behind the U.S. median, reported to be $60,884. Norway comes closest to the American standard with $56,960, but Denmark, the Netherlands, Germany, Finland, France, Ireland, the U.K., Spain, and Italy fall further and further behind in that order, with Italian middle-class households pulling in just $35,608 per year. By extension, the economies of Europe and its attendant

That said, I did thoroughly enjoy my trip through Scandinavian waters. The cruise ship made stops in Denmark, Finland, Germany, Poland, Russia, and Sweden. I’d visited them all before, but some were new for my dog, who has now left her pawprint on 16 nations. This was my third trip to Russia, and I found it the most fascinating stop of them all. After struggling under communism for seven decades, the country is still trying to rebuild from that disaster, but it’s home to incredible sights, like the stunning buildings of St. Petersburg. "FRANKLY, EVERY TIME I VISIT EUROPE, I’M REMINDED OF WHY I LOVE THE U.S. " Another highlight of my trip was the cruise ship itself. It’s so convenient to pack and unpack just once, and with everything from food to attendants at your

Job growth

159.0

130.0

Wages (year-over-year)

3.4%

3.5%

CONTINUED ON PG. 3 ...

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