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Ken McElroy Show

Are we heading into a depression?

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8692 Ratings

🗓️ 20 December 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

Gain access to weekly real estate updates, mini courses, sample forms, and more by signing up for Ken McElroy's FREE Membership: https://kenmcelroy.com/podcastAre we heading into another depression like the 2008 housing crash? Join Ken McElroy and Danille in a discussion about where the future of the US economy is heading.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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.

0:11.2

I'm your host, Ken McElroy, joined by my co-host, Danielle.

0:15.4

Let's get right into this episode.

0:20.9

Welcome to the Ken Macquarie show.

0:22.7

I'm your host, Danielle, here with Ken.

0:24.8

Hey, how's it going, everybody?

0:27.3

So today we're going to be talking about if we're heading into a depression.

0:31.3

Yeah, that's kind of the new buzzword.

0:33.3

But I have some strong opinions on that.

0:36.3

But first, what did we do this weekend?

0:39.0

I was in Vegas.

0:40.7

Oh, that's right.

0:41.4

Went to Vegas to look at investments on the mailbox.

0:47.9

So it was a little post office type offsite mailbox.

0:51.5

Very interesting business.

0:53.1

You know, the mailboxes, I looked at three.

0:58.4

There are like 200 mailboxes in those little stores, but they charge anyway from $20 to $30 per

1:04.5

month. So that's kind of the base for covering the rent and all that stuff. So it's a very interesting

1:09.6

model once you get them but i had a good

1:11.9

time went up there with robert and we you know we spent all day driving around looking at these things and

1:17.4

just another way to you know look at passive income yep very similar to apartments just with mailboxes

...

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