The State of the Housing Market and Why Real Estate Is Not AI-Proof with Jason Oppenheim

Jason Oppenheim (real estate broker, founder of the Oppenheim Group— the brokerage covered on Selling Sunset) starts this conversation with a take Nicole was not expecting: it's a buyer's market, and he'd know, because he's been renting for the last three years himself. In this conversation, Jason covers every hot-button topic in real estate. He unpacks how he thinks AI will disrupt real estate and why he believes humanoid robots will be showing houses within the next two decades. He gets brutally honest about the LA market, why wealthy people are fleeing major cities in droves, and shares the cities he thinks real estate investors should avoid. He makes the case that renting is not "throwing money away" — in fact, he argues that in many cases renting is a smarter financial move. He and Nicole also debate whether there's actually a housing affordability crisis (Jason says we're misdefining it), how he thinks about money and happiness, and why he hasn’t changed his financial goals since he was broke. Check out Nicole’s financial literacy course The Money School Find a Financial Advisor or Financial Coach from Nicole’s company Private Wealth Collective Watch video clips from the pod on Money Rehab’s Instagram and Nicole Lapin’s Instagram Follow the Oppenheim Group and keep up with Selling Sunset on Netflix Here's what Nicole covers with Jason: 00:00 Are You Ready for Some Money Rehab? 01:11 Is It a Buyer's Market? 02:09 Why Wealthy People Are Leaving Major Cities 04:10 Where Are They Going? (And Where NOT to Buy) 05:38 Why Real Estate Is Not AI-Proof 10:35 “At Some Point, There Is No Work.” 17:43 Why Jason Loves 30-Year Treasuries 19:00 The AI Deflation Thesis 23:54 Is There Really a Housing Affordability Crisis? 30:40 Rent vs Buy Debate 36:21 Behind the Scenes of Selling Sunset 37:06 Does Money Buy Happiness? 39:24 Getting His Rolls Royce Stolen 40:00 How Jason Thinks About Spending vs. Saving 41:43 What Was Jason's FU Number? 42:12 Secure the Bag: Jealousy, Googling Your Own Net Worth, Bad Investments All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.