Are we becoming a renter nation?
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 18 March 2025
⏱️ 42 minutes
🧾️ Download transcript
Summary
Ken and Danille McElroy discuss how homeownership in the U.S. peaked in 2004 but has been on a downward trend, locking out millions of potential buyers due to rising home prices, interest rates, and economic shifts. As America moves toward a “renter nation,” this video explores what’s driving the decline, its impact on wealth-building, and what it means for the future of real estate.
• • •
Visit Ken's Bookstore: https://kenmcelroy.com/books
• • •
ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
• • •
DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
© 2025 KenMcElroy.com, LLC. All Rights Reserved.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Question is, are we turning into a nation of renters? |
| 0:09.1 | Yes, we are. |
| 0:10.4 | Yes, we are. |
| 0:11.8 | I've been talking about this. |
| 0:13.4 | I'm telling you guys, affordability is the big thing. |
| 0:17.2 | Like, we should be in a situation right now where home prices are lower and |
| 0:26.1 | rents are lower. Now, there are pockets where rents are soft and there are pockets where |
| 0:32.2 | rents are declining and there's concessions. I get that. But there's a lot of places where |
| 0:37.3 | they're actually climbing. And that's evenions. I get that. But there's a lot of places where they're actually |
| 0:37.9 | climbing. And that's even with all the stuff that's actually hitting the markets right now from |
| 0:44.6 | the construction. Yeah. And what I think is interesting, you know, you gave a talk this weekend. And you |
| 0:50.9 | said, you know, sometimes you have to keep it simple instead of making it |
| 0:54.8 | complicated, right? And when we look at the future of renters, you're just looking at homeownership rates. |
| 1:00.9 | And I, you know, that's one of the key metrics you look at in an area to know, is this a good |
| 1:05.7 | place to invest? I mean, how many people own homes. And I'll just summarize the talk. It was for a global |
| 1:11.2 | YPO Pacific conference that happened in Phoenix. It's a bunch of YPOers. And basically, I went |
| 1:20.0 | back to the Clinton Bush era. Now, the reason why this is important is because I was investing back there. This is |
| 1:29.0 | in the mid-90s. And homeownership back then was about what it is now. So let's call it 60. |
| 1:36.7 | Right now it's 65.7% homeownership. Now, when you think of homeownership, you should look at the |
| 1:42.5 | other side of the equation. |
| 1:52.6 | And that means that if there's, if there's, let's call it, what, 66% homeownership, there's 34% renters. |
| 1:54.2 | That's essentially the other side of the equation. |
... |
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.