Double-Digit Unemployment by 2027? What AI Job Losses Mean for Real Estate
Ken McElroy Show
Ken McElroy
4.7 • 712 Ratings
🗓️ 3 March 2026
⏱️ 33 minutes
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Summary
Are you an accredited investor and interested in finding multifamily opportunities? Click on this link to learn more about how to invest with Ken and his team. https://mccompanies.com/investor/?utm...
AI is quietly reshaping the job market, and the ripple effects on real estate could rival 2008. In this episode, Ken & Danille McElroy break down how double-digit unemployment, tighter lending, a massive shift in rentals, and surprise government interventions will create winners and losers in housing over the next 18 months.
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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 | If AI replaces millions of jobs, does that make real estate crash or does it actually make it stronger? |
| 0:09.1 | Well, there's a case for both, I suppose, right? |
| 0:11.5 | Because, you know, I guess the way to look at this is, you know, 2008, when we started seeing the really, really high unemployment, you know, that, that's actually when |
| 0:22.5 | things start to get affected because people pull back, right? They go to their credit cards, |
| 0:27.1 | they go to their, they start defaulting on rent. They certainly default on their mortgages, |
| 0:31.5 | because this is all going to boil down to income. Yeah, it definitely is. You know, I think |
| 0:36.0 | that you have to look at a few things. One, |
| 0:38.2 | I don't think there's a world in which AI takes jobs and the government just says pound sand. |
| 0:43.5 | It is what it is. Like, what can we do about it? I think that, you know, you could see like |
| 0:48.4 | government intervention, whether that's in tax breaks or whether that's in UBI, UBI. |
| 0:53.7 | Like they're going to do, and they might not call it UBI, |
| 0:56.1 | you know, they might call it something else, but there's, the government always steps in and everything, |
| 1:01.5 | right, or, you know, job, more government jobs, job creation with the government. I mean, |
| 1:05.6 | they're going to do something. But the question really is, is how does this impact real estate? |
| 1:11.1 | Because what I can guarantee you is they're not going to make up for the job loss dime for dime. |
| 1:16.0 | So if you were making $70,000 and your job got replaced, they're not going to pay, you know, |
| 1:21.2 | you're not going to be making up $70 grand through government programs, right? |
| 1:23.9 | They're just going to be giving you enough to kind of live on. |
| 1:26.4 | Well, one of the things I dug into this weekend in preparation of today was the unemployment |
| 1:32.0 | rate in, you know, with youngsters, right? Like you're talking about the teens or, you know, |
| 1:37.2 | just after that, you know, it's 13, 14, 15 percent depending on your age group. So you're already in the mid-teens unemployment |
| 1:47.6 | for that category. And so the question is, is that a canary in the coal mine? Is that something |
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