Hello, my friends. And welcome to another round of Rapid Fire Listener Questions. And this is your Ask Marco episode on the Passive Real Estate Investing podcast. Well, I hope everyone had a wonderful Christmas weekend. We are at the tail end of the year. This year has just flown by 2022 is just around the corner. And I'm pretty excited about the topics we're gonna cover into the new year. There is a lot going on with inflation monetary policy, markets that are appreciating some of them highly inflated others offering great opportunity. So we're gonna have some great guests coming on in the new year. Also, I'll be talking about some of these topics very soon. And, you know, as I look back on 2021 is just amazing how I was only able to get about half of the projects I wanted to get done, done. And I seem to always overestimate what I can do in the short term, but I always end up underestimating what I can do in the long term.

And I think this is a truism for most people. I think people tend to overestimate what they can do short term, but then if they stick to it, they realize that they can accomplish great things over the years. And so they underestimate what they can do long term. So I think that's something to think about here as we close up 2021, and as we roll into 2022, you know, set yourself some goals and just, you know, strive to achieve what you want to achieve, but don't get disappointed if you are not get the momentum that you would like to see short term, because if you stick to it, that momentum compounds on itself and you can accomplish great things over the course of years.

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And this is very true for real estate investing as well. A lot of people get started and you know, they have one property, maybe two and things look like they're just moving along slowly.

But know if you've been in real estate here over the last two years, and you've seen what rents have done in terms of rent growth and price growth, particularly in many of the markets that we're in. And that includes the Southern markets like Florida, Texas, any of our Southern state markets. You look back after 12, 24 months, and you're very impressed by the amount of price growth, the appreciation. In other words, the equity gains that you've seen. And it's just a matter of being patient. Like I've said so many times on this show, real estate is a true and tried get rich slow investment. It is not an overnight get rich quick type of deal. So just understand that you gotta stick to it, keep stacking properties as quickly as you can within your capabilities and you'll accomplish amazing things, amazing things. So let's take 2, 3, 4 questions here for today's rapid fire listener question episode and see what we can accomplish. And I have many more of these coming and there are some great questions coming in. So I'm excited to cover more as the episodes roll along.

Okay. The first question comes in from Jasmine, and this is really more of a clarification question. She says, good day, Marco, love your podcast. I have listening for almost a year. I haven't missed an one episode since well, thank you, Jasmine. In your last episode where you talked about HAI, the Housing Affordability Index, it was mentioned that real versus nominal inflation. I have searched the internet to find concrete, solid information on this knowledge and have a hard time where to find it. What is the difference between real and nominal inflation, not interest rate and how do I find out what is the current real inflation rate right now? Many thanks and keep up the excellent work. Can't wait to hear my question answered on air smiley face.



Okay. Jasmine. So hopefully it wasn't a confusing episode because when we tal...