Housing stimulus is here (everything you need to know)

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8 • 692 Ratings

🗓️ 2 April 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ken McElroy and Danille McElroy discuss the surging house market. In February, the housing market increased a 9.5% increase in sales alongside a moderate increase in home prices, primarily driven by a persistent shortage of supply despite rising interest rates, which has yet to dampen market activity. Are there any solutions to balance the market and improve opportunities for first-time home-buyers?

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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	Welcome to the Real Estate Strategies podcast.
0:02.8	Let's get right into this episode.
0:04.7	Hello, welcome to the Ken McRoy Show.
0:06.3	I'm your host, Danielle, here with Ken.
0:08.0	Hey, guys.
0:08.8	So in a state of the union, Joe Biden said he wants to provide some housing stimulus to homebuyers.
0:15.7	And we're going to dive into that today, why it's important and how it's going to affect the housing market.
0:20.8	It's not going to affect it much.
0:23.2	Yeah.
0:23.6	I'm telling you guys, like, like, this is just an attack on the middle class.
0:29.3	That's what this is.
0:30.5	You know, these are taps on the shoulders.
0:33.4	You know, obviously, he just mentioned it in his presidential speech, right?
0:36.7	So he's got to go through Congress.
0:38.4	Right.
0:39.0	The chances of this passing are low.
0:42.5	But it is interesting that he brought it up.
0:45.2	Well, you called it, what did you call it, welfare for the middle class?
0:48.5	I do, yeah.
0:49.5	Like, you guys, like, okay, so I actually did some research on this.
0:54.2	There's so many, so many definition of what middle class is.
1:00.0	Oddly enough, there's low middle class, medium middle class, and high middle class.
	...

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