Real Estate Investing for Marijuana Businesses, U.S. Construction Spending Drops, & Hispanic Homeownership

What are the considerations that go into finding property when you’ve just won eight business licenses to legally grow marijuana?

Why did U.S. construction spending drop in March?

Get answers to these questions by listening to this week’s Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes.

The Ilyce Glink Show- May 6, 2015.

This week I talk to three guests: Rob Dietz, economist at the National Association of Home Builders; Jerry Ascencio, former president of NAHREP; and Derek Peterson, CEO of Terra Tech.

More About This Show

Multifamily Outperforming Private Single Family Construction: [5:15]
The National Association of Home Builders announced that month-over-month construction spending dropped for both private single-family and multifamily homes in March. The data also revealed that year-over-year the pace of both types of construction have increased and that, within that trend, the increase in multifamily construction spending is outpacing single-family by about 3 to 1. I have Rob Dietz on the show to talk more about this.

NAHREP Foundation Aims to Push Hispanic Homeownership Above 50%: [17:15]
The NAHREP Foundation arm recently unveiled “The Hispanic Wealth Project,” with the objective of increasing wealth and homeownership levels in the Hispanic community. The objective is to triple total household wealth, which currently stands at about one tenth of the household wealth for non-Hispanic White Americans. As a part of that objective, the NAHREP Foundation hopes to push Hispanic homeownership above 50% so that the average Hispanic family owns a home.  I have Gerardo “Jerry” Ascencio on the show today to talk more about this.

Real Estate Investing for Marijuana Businesses: [24:36]
A changing legal paradigm for marijuana in the U.S. is leading licensed businesses to seek out property where they can grow and sell weed. Terra Tech, which sells marijuana growing equipment, as well as the plant and derivative products, just obtained eight licenses to operate in Nevada, where medical marijuana is legal. I have Derek Peterson on the show today to talk about the challenges businesses face searching for warehouse and retail space in states with relaxed marijuana laws.

If you have any questions about this show or in general, email me at questions@thinkglink.com.

Click the audio link below to listen to the full Ilyce Glink Show.

Thanks for listening!


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About Ilyce Glink

Author of 13 books, including the bestselling 100 Questions Every First-Time Home Buyer Should Ask. Writer of the nationally syndicated column, “Real Estate Matters.” Top-rated radio host in Atlanta. Writer for CBS MoneyWatch.com. Managing editor of the Equifax Personal Finance Blog.
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