Burned Out, Locked Out: Why Thousands Still Can’t Rebuild
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 22 August 2025
⏱️ 56 minutes
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Summary
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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.
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Transcript
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| 0:00.0 | Only 82 permits have been issued out of the 7,000 homes that burnt down in the Palisades. |
| 0:09.9 | Yeah, like you guys already, that was national news, right? |
| 0:13.1 | Not surprising to anyone, not surprising to anybody in the business, but, because I've been through this, right? |
| 0:20.7 | I've had hurricanes, we've had |
| 0:22.3 | fires, and the process of getting through the first of the cleanup, then the insurance piece |
| 0:29.7 | negotiating with them, and then all the code updates. Like so, for example, you know, sprinklering |
| 0:36.2 | a house, which is so basic now, like all new houses are supposed to have sprinkler systems, you know, sprinklering a house, which is so basic now, like all new houses are |
| 0:39.4 | supposed to have sprinkler systems, you know, for fire suppression. Well, that happened somewhere in the |
| 0:45.3 | 80s, 90s. So if the homes before that, so there's all these things that you don't think about, just |
| 0:50.8 | trying to rebuild something that you might have had before. |
| 0:55.4 | Yeah, and it's 1.2% of the homes. |
| 0:59.0 | And, I mean, it's been, when did the fire happen? |
| 1:01.9 | I think it was a few years ago, or a couple of years ago, actually. |
| 1:05.8 | I don't. |
| 1:06.5 | But, you know, we should probably know this. |
| 1:08.8 | I think it was not a year ago, but I could be wrong. |
| 1:13.4 | Jerry, you're going to have to splice this date. |
| 1:16.7 | January 7th of 20th. |
| 1:17.7 | Okay, so would have been not even a year, less than a year, right? |
| 1:22.9 | Yeah. |
| 1:24.3 | Yeah. |
| 1:25.8 | So it's been less than a year ago, but almost a year ago, you know, by a few months, |
... |
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