The Dangers of the Housing & Fed Correction | Ken McElroy

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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.

[@esee6270]

Kevin's best interview ever, imo...Ken McElroy The Great was packed with substantive and wise answers.

[@garyglaser7354]

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

[@maxlasater]

This man gave a lot of great information.

[@cherihart4463]

Ken is more of a rock star than I knew ! Inspiring !!! Thank you

[@konakreek3317]

Ken is the man. Learn a lot from that guy

[@lyleburlingame2276]

He’s the only one I never miss a show

[@lyleburlingame2276]

This is the guest I’ve been waiting for. Ken is a legend of the game.

[@jameslee-dp6cb]

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.

[@arbrewer123]

Ken is one of my absolute favorites.

[@efwsot]

I love these videos, Kevin! Thanks for everything you do

[@MeetJarred]

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.

[@dustinluke9624]

Soooo much GREAT information in these types of videos! Thank you!

[@pedrelias]

Thank you Ken is a wealth of knowledge and experience!

[@email8262]

Consider this: 2 hours of rain destroyed San Diego.

[@lebucheron9815]

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.

[@briankline5915]

I always enjoy the True real estate entrepreneurs like Ken. Thanks for the interview

[@Johnnyscarcarereviews]

Meet Kevin thank you for helping us change our lives for the better.

[@Johnnyscarcarereviews]

Thank you.

[@emilybudnichuk5690]

Great conversation. Thank you both!

[@iowawizkid1]

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.

[@davek1833]

Thank you kevin, great info !

[@vhol93]

Great one!!!

[@timwestaway]

Amazing content. Deep diving into kens thought process and wisdom. With Kevin asking great questions. Gotta love KZbin. Thanks gents.

[@FlyByMike94]

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

[@flickboogers9325]

What state are you in?

[@brianwillett]

Good stuff. Two smart guys. Thanks Kevin. Ken is the real deal.

[@MrCyjack]

Great interview

[@alanmulder7799]

Great interview Kevin!

[@jeevzthegod]

Such a great person love Ken

[@josephbatta1730]

Awesome questions.. Kevin.. Great answers. Ken.

[@FrenchChefatYourHome]

greetings from Paris, Merci beacoup guys!!

[@dH-pq5pn]

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:-)

[@carolannstevens5814]

Great Interview!!! Ken is a wealth of knowledge and you ask great questions!

[@daviodram1383]

One of the bbest interviews ive seen in a minute! Thanks Kevin

[@jayjay99545]

This guy really knows his stuff

[@ijsellsatl]

This is an awesome podcast!!! One of the best ones I’ve seen in a while.

[@TiagoRamosVideos]

Awesome 👌

[@gabriellegwen7365]

❤ this colab! 2 great guys I follow and watch regularly

[@ydoIstillcare263]

In Canada, we are not allowed to not rent to criminals/sex offenders. The government considers it discrimination. You guys do it right!

[@GabrielDoesTypology]

Yeah that's a braindead rule. Whenever these criminals perform bad acts, you should be permitted to sue the government for each infraction...

[@mikehallrealestate]

phenomenal

[@jgg204]

Ban corporations from owning single family homes. Reduce Fannie limit down to 2 (from 10 where it is now)

[@timothyewing4009]

Talking about 30 year old houses. Out here on east coast my average flip is 100+ years old.

[@briankline5915]

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.

[@timothyewing4009]

@@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.

[@Rushpatil]

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?

[@CO-id8cy]

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.

[@sierrasells]

I like how you post interviews on the days, like today, where you can’t go live.. always adding value

[@TD3G]

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

[@slee6593]

Ken is the BEST more renowned and humble real estate entrepreneur of all time hands down.

[@flickboogers9325]

It makes no sense as to why they would give you any secrets

[@VikasSharma-kv6dj]

That’s a crisp jacket 🙏🏼😊

[@legacyopp9318]

No more medical collections by an agency or on your cedit score as of June last year

[@gracewalsh4908]

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.

[@flickboogers9325]

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

[@tactileslut]

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.

[@daphne7897]

So so good

[@fernipascual]

Kevin looks like Oscar de la Hoya when he was younger😂

[@YasutakaHirasawa]

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 ❤

[@yakemon]

Hey ken mckeyrol is on meet Kevin

[@jeffrucks4477]

Higher forever

[@Simon...........]

I like the way you didnt put confronting in the title 🥳

[@udaykhatry]

How old is this video? Date stamp please

[@pearlperlitavenegas2023]

One has a frozen Botox Forehead the other doesn't 😂🤣😆

[@mimib2887]

Did he seriously say Stimulus checks like we had them each month to pay rent?

[@cesarhdz4846]

Airbnb is 💯 a bubble for every single person that over paid or bought after 2020

[@lyleburlingame2276]

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

[@Allenrodarte]

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?

[@AA_BB_CCC]

33:15 Soooo… Everything’s going to be even more prohibitively expensive than it is right now? 😅😩

[@charlesholder4150]

He should post his interview with the broker/seller

[@grandmasterchody]

why cant we just give the developer a pass on interest rates

[@Pabloandresariza]

I think he meant to say 2024

[@mouth154]

When you see the interest rates dropping the people are going to starr buying the houses like hot cakes

[@Curiousaboutland]

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 ?

[@rociozamora877]

Did I hear Kevin has his own jet?

[@25Soupy]

I thought Kevin said he was going to wear a white dress shirt for this year?

[@eyelovecolorado2195]

Wait til the fed drops the rates this year! Then the real fun starts!! 😢

[@joshuas.8239]

❤

[@Sarasarah3]

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

[@maloy2316]

Impact fees :)

[@lyleburlingame2276]

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

[@fadisalem2710]

HaPpY BiRtHdAy Kevin

[@nickyRavioli]

Dude needs a new suite .. 😂

[@RJVrealtor]

Great video…why do those mics look like they are cgi?! Am I taking crazy pills

[@lyleburlingame2276]

Yes, what makes you think that

[@alexmcclure6545]

Ken McKelroy 😂

[@kellymcelroy3714]

Great interview, but as a fellow McElroy, I’m disappointed at the spelling

[@mike2959]

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 KZbin 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?

[@martinbernard-vp6zv]

A jet for “is Time Machine” no it’s for his ego.

[@briankline5915]

Why would you insult Kens intelligent with that dumb TikTok question

[@grandmasterchody]

I honestly believe that anyone that's been saving for for a 20% Down-payment will have good buying opportunities in the near future

[@VeronicaDavidson-jm3kx]

Good morning boo boo. Nice way to wake ⏰️ up sweet 😋 🫛 pea

[@onjada]

Why do i keep listening to rich guys talking to each other, esp those that got rich capitalizing on a fundamental human need.

[@kellymcelroy3714]

Kevin. Please change the spelling in the title. As a fellow McElroy, this is just disappointing🤣

[@mikesavo21]

Garbage…

[@bruceduckett87]

Job Losses Are Happening Now! TRUMP 2024!!

[@user-eh9cm7lc9s]

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.