The Dangers of the Housing & Fed Correction | Ken McElroy
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- Опубликовано: 26 июн 2024
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00:00 Highlights.
00:47 Intro.
01:15 Real Estate Work & Opportunities.
04:30 Rental Distress and Property Management.
08:09 Vacancies and Broken Deals.
09:08 Maturities.
11:30 Real Estate Dip & Cap Rates.
13:25 Real Estate Supply & Dilution.
15:54 Property Management Strategy.
18:40 Deal Hunting.
22:19 The Fed and Rates.
24:01 The Fed, Election, and Politics.
28:39 Real Estate Capital and Fundraising.
30:27 Waiting to Buy, Affordability, and Supply.
34:30 Critical Real Estate Advice.
📝Disclaimer:
This video is not personalized advice for the viewer.
Kevin's best interview ever, imo...Ken McElroy The Great was packed with substantive and wise answers.
Interest rates at 5% isn’t horrible. It’s the damn prices people want half million for a shit hole. That they bought 8 years ago for 150 grand ridiculous
This man gave a lot of great information.
Ken is more of a rock star than I knew ! Inspiring !!! Thank you
This is the guest I’ve been waiting for. Ken is a legend of the game.
Ken is the man. Learn a lot from that guy
He’s the only one I never miss a show
We all know that every time prices rise very sharply, it triggers the FED to act. We also know that these CEOs know it. We also know the higher the prices, the greater the profits go as well. In the meantime, the average worker has been falling behind. Soon, you won't be able to hire the workers you need because they can't afford to live in the area where the job is at. The general public has finally figured this out. Since housing has gotten so expensive as inflation has risen so high, people have began to loose hope of a better life based on employment. What this means is that eventually, everything will have to drop in price. And if it continues long enough, we have a depression. This means everyone doing business will be under water. So, all I can say is, good luck with your venture.
Ken is one of my absolute favorites.
Meet Kevin thank you for helping us change our lives for the better.
I love these videos, Kevin! Thanks for everything you do
As a Day trader, Investors,Builder of Business and A Cannabis and Cryptocurrency business owner, these collaborations are usually crap and a grab for views. Most these folks Kevin interviews he shouldn't be associated with. It's kinda sad imo.
Consider this: 2 hours of rain destroyed San Diego.
Soooo much GREAT information in these types of videos! Thank you!
I’ve been a fan of Kevin for a long time. I want to own/invest in real estate one day too. But something about watching investors talk about housing like it is likely just going to go up is hard to watch for me. I’m 28 with a savings and making very good middle class money but I am nowhere near being able to afford a home. There’s something really wrong with this market when the middle class can no longer afford an entry level home so it’s hard to watch ppl talk about making money off it atm
What state are you in?
Thank you.
Would love to hear Ken talk about canadian housing, metrics, valuations, and his projection. That market has proven wrong many many experts who thought it was in a bubble. It might be the strongest or second strongest market in North America. Puzzling.
I always enjoy the True real estate entrepreneurs like Ken. Thanks for the interview
Thank you Ken is a wealth of knowledge and experience!
This guy really knows his stuff
You don't lower rent. You give 30-60-90 day discounts to get the new tenant to move in. Midwest tenants generally pay their commitments.
I like how you post interviews on the days, like today, where you can’t go live.. always adding value
Great one!!!
Great conversation. Thank you both!
Awesome 👌
With records on the blockchain, a property owner can use a private key to prove ownership. Whoever is interested in buying, leasing, financing, or getting involved in any other way can easily look through the immutable ledger to verify ownership and also check its prior transactions, including if it has any liens.
Thank you kevin, great info !
Good stuff. Two smart guys. Thanks Kevin. Ken is the real deal.
Amazing content. Deep diving into kens thought process and wisdom. With Kevin asking great questions. Gotta love RUclips. Thanks gents.
In Canada, we are not allowed to not rent to criminals/sex offenders. The government considers it discrimination. You guys do it right!
Yeah that's a braindead rule. Whenever these criminals perform bad acts, you should be permitted to sue the government for each infraction...
Great Interview!!! Ken is a wealth of knowledge and you ask great questions!
Great interview Kevin!
Regulatory and legal hurdles: Real estate transactions are subject to complex legal and regulatory requirements that vary from one jurisdiction to another. Implementing blockchain technology requires regulatory clarity and legal frameworks that accommodate digital property records and smart contracts.
I got to meet Ken and his wife in September 2022 in the SFO business class lounge and on the same flight to Singapore on Singapore Airlines:-)
Great interview
One of the bbest interviews ive seen in a minute! Thanks Kevin
Encourage listening to Melody Wright, Todd Sachs, Real Estate Mindset regarding housing supply. Seems like inventory exists but is being hidden AND isn't affordable by the average person. Plus Horton and Lennar ratings are horrible. They are supposed to be beginner homes and therefore affordable but i think renting is better than wasting money on one of their disasters.
greetings from Paris, Merci beacoup guys!!
Such a great person love Ken
phenomenal
Ban corporations from owning single family homes. Reduce Fannie limit down to 2 (from 10 where it is now)
Awesome questions.. Kevin.. Great answers. Ken.
I don’t get the argument of why the rents are falling. Can someone explain? It seems the cost to own went up, how come the rents are falling?
Ken is the BEST more renowned and humble real estate entrepreneur of all time hands down.
Chico ca is one of the bubbles, crazy the amount of remote workers that now live here and the growth and development that is taking place
This is an awesome podcast!!! One of the best ones I’ve seen in a while.
No more medical collections by an agency or on your cedit score as of June last year
Talking about 30 year old houses. Out here on east coast my average flip is 100+ years old.
Ouch, I try to avoid the 100 plus year old houses. Where do you buy at, MD? I’m in VA beach area and I stick with the 1940 or newer homes.
@@briankline5915 Hampton, VA primarily. Oldest I’ve done was an 1850 house in West Point. I don’t have the capital for newer homes out here.
It makes no sense as to why they would give you any secrets
DeFi lending platforms allow users to lend their crypto assets to borrowers in exchange for interest. In the context of Fractionalized real estate, lenders deposit their assets into smart contracts, which are then lent out to borrowers who provide crypto assets as collateral.
❤ this colab! 2 great guys I follow and watch regularly
Nice contents. Remember that Ken called Kevin "a kid" a few years ago disagreeing on if housing market bubbles crash. Now they seem to be getting along better ❤
When implemented correctly in real estate, blockchains can also speed up transactions, faster than traditional methods. Blockchain technology allows property titles to be transferred electronically through smart contracts. It eliminates manual paperwork, reduces administrative costs, and speeds up the transfer process.
That’s a crisp jacket 🙏🏼😊
So so good
Did he seriously say Stimulus checks like we had them each month to pay rent?
I have no criminal record, excellent credit score and "lots" of $ in the bank, but I won't qualify because I have no income. I even offered to pay 1 yr's rent before moving in, but they said no, because I don't have monthly income.
That's pretty interesting How much is in the savings account and would you show proof of that to the landlord?
Also what's your age?
You have to understand that landlords receive this type of offer for many type of people that will pay the 1 years rent ahead of time but then after that they're not paying anymore
Is the "lots" sufficient to bring recurring decent-ish income if it was somewhere more useful than "in the bank"? I'm thinking of a brokerage account with interest, dividends and growth, that sort of thing. If anyone replies with a proper name, ignore that spambot.
I like the way you didnt put confronting in the title 🥳
Hey ken mckeyrol is on meet Kevin
Higher forever
How old is this video? Date stamp please
He should post his interview with the broker/seller
Airbnb is 💯 a bubble for every single person that over paid or bought after 2020
Hahahahah I bought under market December 2021. Got an appraisal waiver. Got a 420k house for 320k. There’s good deals if you work hard to find them in any market
I purchased a brand new 2023 single family home and the plan is to rent it out. I’m getting a lot of interest from individuals who are Section 8. Should I avoid them?
Kevin looks like Oscar de la Hoya when he was younger😂
why cant we just give the developer a pass on interest rates
33:15 Soooo… Everything’s going to be even more prohibitively expensive than it is right now? 😅😩
I think he meant to say 2024
One has a frozen Botox Forehead the other doesn't 😂🤣😆
Kevin this should be a podcast I think with his name and your name behind it that might be a great audio episode as well for interview like this. What do you think about this ?
The beginning intro was silly, sure you were used to the 5-6%, however back them all other goods were not as inflated, now food and everything else costs 3x as much
HaPpY BiRtHdAy Kevin
Did I hear Kevin has his own jet?
I thought Kevin said he was going to wear a white dress shirt for this year?
❤
Kevin the only thing worse than the TikTok question is you only mentioned Biden and trump and not RFK. Right before you asked the TikTok question you were actually asking great questions of value
When you see the interest rates dropping the people are going to starr buying the houses like hot cakes
Wait til the fed drops the rates this year! Then the real fun starts!! 😢
Impact fees :)
Great video…why do those mics look like they are cgi?! Am I taking crazy pills
Yes, what makes you think that
Ken. Rental distress? Here’s a history lesson. 2008 was the start. The Rock bottom for 2 things valuations and mortgage rates was in 2013. Never has rates AND valuations been the lowest in history at the same time. 2013 it was.
I get property taxes matter. Location matters. Local job market matters.
Nothing matters more than rates and valuations.
Why do you think all these RUclips guys, Biggerpockets guys, Pace, Chandler, I mean there’s 100’s of them have done so well? Because they are smarter than the guys in 1981? lol. They are not. Right place. Right time.
There’s not to much fluff when your COMMERCIAL rate is 4% on your 100 unit and the 10 years is up and now it’s 8%. Zero room for property management. No room for your corner office and your 2 admins. Now what?
Dude needs a new suite .. 😂
A jet for “is Time Machine” no it’s for his ego.
Ken McKelroy 😂
Great interview, but as a fellow McElroy, I’m disappointed at the spelling
Why would you insult Kens intelligent with that dumb TikTok question
Good morning boo boo. Nice way to wake ⏰️ up sweet 😋 🫛 pea
I honestly believe that anyone that's been saving for for a 20% Down-payment will have good buying opportunities in the near future
Kevin. Please change the spelling in the title. As a fellow McElroy, this is just disappointing🤣
I like ken but profet is always made at the buy so unless you get a unit for a good priceyou are screwd. He may be a good buyer but the majority of people are not good buyers so I think he is wrong when he ses a crash is unlike he will be ok but the majority will be upside down
Why do i keep listening to rich guys talking to each other, esp those that got rich capitalizing on a fundamental human need.
Garbage…
Kevin please. Stop trying to finish their sentences and interrupting with yep yep and such. Just please ask questions and then followup. You don't have to prove your intelligence to the guests by trying to finish their sentences.
Job Losses Are Happening Now! TRUMP 2024!!