4.8 • 692 Ratings
🗓️ 15 January 2024
⏱️ 36 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
0:07.8 | real estate with the industry's biggest movers and shakers. I'm your host, Ken McElroy, joined by my co-host, |
0:14.6 | Daniel. Let's get right into this episode. Welcome to the Ken McRoy show. I'm your host, |
0:20.1 | DeNeil, here with Ken. What's up? |
0:21.9 | So today we're going to be talking about Amazon and getting into the single family home market. |
0:27.0 | And this could be a Black Swan event that, you know, people are unprepared for. Yeah, I know. This is a big |
0:33.0 | one, actually. This is very interesting because Wall Street's been involved in this for a while, |
0:38.1 | but now, of course, this is just one more, you know, I mean, this is a, I don't know exactly |
0:44.7 | what's going to happen next, but these big companies. Exactly. You know, so essentially, |
0:50.3 | Jeff Bezos has invested in a real estate platform called Arrived Homes, and he's thrown a lot of money into this, into this platform. |
0:59.9 | So this is just one more way for the transfer of wealth. That's exactly what this is. This is Wall Street, buying up Main Street. You know, this is, this, |
1:14.1 | you know, this has already begun, as we know, from 2008 kind of woke, woke up the sleeping giant, |
1:20.2 | I think, you know, when all the banks started taking back all that real estate. And then what was |
1:26.1 | happening is the big boys were putting together funds. |
1:28.7 | I'm talking about Wall Street. And they were buying up all the distressed real estate, you know, |
1:33.6 | during that period of time, during that last period of time. And I think we were buying the stuff |
1:38.3 | at 50 cents, 40 cents on the dollar. And they did very well financially on the on the on the real estate market so this is a |
1:46.1 | transfer of wealth that's exactly how this should be looked at well it's interesting too so if |
1:51.0 | arrived homes basically they let essentially anybody invest with them with a minimum investment of |
1:57.2 | $100 so it's like crowdfunding but but in way, it could be good because it allows the average person to invest in real |
2:06.5 | estate, maybe if they don't have the money to actually buy a property. |
2:10.5 | I disagree. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ken McElroy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ken McElroy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.