# The Lock-In Economy - Jason Hartman - #6370

Page: https://stenobird.com/podcast/financial-survival-network-848654/the-lock-in-economy-jason-hartman-6370
Text version: https://stenobird.com/podcast/financial-survival-network-848654/the-lock-in-economy-jason-hartman-6370.md
Podcast: [Financial Survival Network](https://stenobird.com/podcast/financial-survival-network-848654)
Published: 2026-02-13T13:00:00+00:00
Episode link: https://www.spreaker.com/episode/the-lock-in-economy-jason-hartman-6370--70035070
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/70035070/jason_hartman_12_feb_26.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/financial-survival-network-848654/episodes/the-lock-in-economy-jason-hartman-6370
Duration seconds: 1497

## Resource

Mortgage rates tripled. The crash never came. In this Episode Kerry Lutz and Jason Hartman break down why U.S. housing didn't collapse when borrowing costs exploded. Nearly 25% of homeowners hold mortgages at or below 3%. About 65% are at 4% or less. That "lock-in effect" crushed supply and froze mobility. Fewer than 800,000 homes are listed nationwide — under 0.6% of America's 140 million housing units. Owners won't give up cheap debt. Inventory stays tight. Hartman believes this imbalance could persist into 2032–2033. Scarcity and utility continue driving prices — even after the rate shock. The conversation then shifts to immigration and rental housing. Hartman argues most undocumented migrants occupy lower-tier rentals, meaning enforcement shifts would likely hit C-class properties first. They also discuss Sun Belt migration trends and investor tools like PropertyTracker and Empowered Investor for sourcing income-producing properties. If you've been waiting for a housing crash, Kerry and Jason explain why it hasn't happened — and what could finally change the equation. Find Jason here: https://www.jasonhartman.com Find Kerry here : https://khlfsn.substack.com and here: https://inflation.cafe Kerry's New Book "The Armstrong Economic Code: The 5 Truths Investors Must Never Forget" is out now on Amazon! Get your copy here: https://a.co/d/bvYbZOz "The World According to Martin Armstrong – Conversations with the Master Forecaster" is a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5

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