Humans are the ultimate social animals.
We don’t live on islands. Humans have to interact with one another and engage in forms of social cooperation to build functioning markets and advanced civilizations.
Many of the features we see in our everyday lives are the product of such cooperation. For example, housing.
Since the beginning of time, humans have always built forms of shelter to protect themselves from the elements and be able to raise their families in peace.
That has continued to be the case well into the present. While housing arrangements can vary in terms of quantity and quality, the need for shelter remains the same for humans.
It’s one of the key planks of psychologist Abraham Maslow’s hierarchy of needs. And trust us, the need for shelter ain’t going anytime soon.
That is something any income property investor worth their salt can tap into.
People will always need housing irrespective of their economic lot. As a result, you can take advantage of this dynamic by buying an income property and renting it out to tenants. Currently, there are no longer taboos with regards to renting houses.
As home ownership starts to become out of reach for many people, more people will be willing to rent homes. Again, housing will not be disappearing into the ether.
When people are going through economic hardship they will either downsize or even embrace the renting of homes. It’s actually in your best interest to take advantage of the current inflationary boom and the generalized economic uncertainty.
Don’t listen to the media, inflation is not transitory. It’s going to be with us for some time. And it will be your best friend. You see, inflation is a boon for income property investors because of the fact that it eats away your debts.
The good stuff doesn’t end there though.
Since you’re investing in a linear market, your property will be appreciating as inflation depreciates your debt.
It’s a win-win situation all around.
This is the beauty of income property investing and it comes in particularly handy at a time when inflation is rampant and people don’t know what’s coming up next as far as the country‘s economic prospects go.
Yes, things will be rough. But hard times are when many successful wealth-building projects are kicked off.
Make sure to fully process this and embrace the challenges that lie ahead.
Now going back to Maslow… His insights about human nature are great…..
…but they’re ultimately incomplete.
Our very own Jason Hartman believes that Maslow’s analysis is missing two key factors.
He reveals these two missing links of Maslow’s hierarchy of needs during an interviewed with Life Coach Kate McKay.
Check out the video, “Why Maslow’s Hierarchy is INCOMPLETE!” to learn about the deficiencies of Maslow’s hierarchy.
Elevate your consciousness by heading to the link underneath:
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