Awesome interview mate! I'm keen to see how Phil creates a system with less pollies and minimal/no taxes (behind the land tax!)! 😄
@pumpedonproperty4 жыл бұрын
Thanks Jason!
@juliefuller45564 жыл бұрын
Always thrilled to hear Phil talk. He is brilliant and spot on with his cycles. His book Secret Life of Real Estate and Banking is an insightful read. Phil thanks for holding off having your lunch to do this video. Thanks Ben for your videos. I find them refreshing and offer good value and insight.
@pumpedonproperty4 жыл бұрын
Thanks for the kind words Julie, it’s great to hear we are bringing you some value. Phil is incredible with his accuracy and was a pleasure to speak with.
@merrieyogini96594 жыл бұрын
Big Phil fan - thanks for catching up with him!
@ryanspak13794 жыл бұрын
Saying hello from the States... Phil is my new hero! Congrats on sharing this wealth of knowledge
@pumpedonproperty4 жыл бұрын
G'day Ryan! So much important information.
@darrenwilson89214 жыл бұрын
Hopefully Ryan the PSE team will make it out to the US...sooner the better..!
@prince1233384 жыл бұрын
Great work Ben
@Petree1374 жыл бұрын
Awesome video! Huge fan of Phil
@NathanEllery4 жыл бұрын
9:18 "i'm not really looking to hold" 10:20 "Once you buy property, never sell" huh?
@kipsmith70884 жыл бұрын
Such a confusing video ay
@nthperson4 жыл бұрын
Never is a long time, but I think what is behind Phil's perspective is that over time the rental value of land will increase. Thus, maintaining ownership of property ensures an ongoing increasing income, either from just owning land and leasing it to a business or constructing a building and thereby generating revenue from land rent plus the leasing of the building (which is a capital good). Of course, if an entire part of a city is in distress for years or decades, land values may fall and stay very low for a long time, until demand returns.
@NathanEllery4 жыл бұрын
@@nthperson I understand his perspective, just not the contradiction in the video.
@nthperson4 жыл бұрын
@@NathanEllery As I heard him, he is explaining that his personal decision is not to speculate in land. He recognizes this can be a very profitable activity but one that has a negative impact on communities.
@NathanEllery4 жыл бұрын
@@nthperson Ok so not to hold a non income producing asset for long term gain. That does make sense and I would think in line with what I know of his other views. Thanks
@trevorkeyser97463 жыл бұрын
If you haven’t seen it! Get this guys book! It’s gold and you will be educated!
@darrenwilson89214 жыл бұрын
Phil was trying to recall Isaac Asimovs "Foundation" series of books in this vid. Ironically a adaption Apple Tv are looking to release in 2021~! I literally watched the trailer for it 10 minutes before htis video...!!!!....the irony..!
@PaulSmith-hu5su4 жыл бұрын
WOW quite the scoop there Ben.. how did you manage to pull that one off?