California’s Real Estate Just Changed FOREVER (Everything You Must Know)
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 14 January 2025
⏱️ 41 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.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Real estate in California is going to crash next year due to these fires. |
| 0:08.3 | Yep. Yeah. Unfortunately, this is the truth, guys. So, you know, it's devastating as all this is. |
| 0:16.2 | And it is, it's a real estate play as well, right? |
| 0:21.6 | Negatively, positively, there's going to be tons of stuff that happens as a result |
| 0:25.9 | around this. |
| 0:26.9 | So it's worth diving in and kind of seeing how this is going to play out. |
| 0:30.6 | And one of the interesting things is having been in the business for 30 years, |
| 0:36.0 | I've had this kind of, we've had issues like this. |
| 0:40.1 | We've had fires. |
| 0:40.9 | We've had hurricanes. |
| 0:41.8 | We've had tornadoes. |
| 0:42.6 | We've had hail. |
| 0:43.4 | We've had lots of floods. |
| 0:45.3 | So there's all these things that we've dealt with. |
| 0:50.0 | And I'll tell you what. |
| 0:53.1 | We're in for some interesting things that |
| 0:56.2 | are going to happen here with, because the first thing that's going to happen is, obviously, |
| 0:59.9 | people are going to migrate. We all know that you're not going to, whenever, if your home was |
| 1:06.5 | burned, which, I'm really sorry, by the way, of all this. It could be three to five years before |
| 1:13.4 | you're back in it. Right. And before we get to all of that, let's just talk about, you know, |
| 1:17.6 | this just happened in Florida. Probably that was in March or April when that hurricane hit. |
| 1:23.5 | And we're just now seeing all of the real estate go up for sale in Florida. |
... |
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