Immigration Could Be the Housing Market Black Swan Event NO ONE Is Ready For
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 4 June 2024
⏱️ 42 minutes
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Summary
Ken and Danille McElroy discuss how immigration impacts the housing market, highlighting the overall effect of immigration on home values and rent prices.
The slides mentioned in this podcast can be viewed at this link: https://www.dropbox.com/scl/fo/fvkbo310qyxtuc7z0e508/AKemvKgoj8XmQbnYbNA5lk8?rlkey=zsh5gt3hlo73s4lqkkcy40254&st=wwpq2t69&dl=0
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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. |
| 0:04.9 | Is immigration the Black Swan event that is driving the housing markets? |
| 0:10.3 | There's no question. |
| 0:12.0 | There's no question. |
| 0:13.5 | Like, this is a big topic. |
| 0:15.3 | Like, nobody's really discussing it. |
| 0:16.6 | Everybody's talking about the border and they're fighting over the border. |
| 0:19.7 | And rightly so. Whether the jobs created or good rightly so documented undocumented but |
| 0:27.0 | we've been doing a deep dive on this and the deep dive is where are all these people going |
| 0:32.6 | absolutely and you know as you guys know that what's interesting is where they're going, |
| 0:40.4 | they're putting pressure on, of course, the economy, right? They're putting pressure on the education |
| 0:46.9 | system. They're putting pressure on the health system. They're putting pressure on certainly the |
| 0:53.3 | housing. |
| 0:56.1 | And so, you know, on food. |
| 0:58.1 | And, of course, there's all kinds of stimulus money. |
| 1:03.7 | I've been, I kind of, I was on a podcast earlier with Clayton Morris. |
| 1:07.5 | If you guys know who he is, he was a, he lived in New York. |
| 1:09.9 | He was a host of Fox and friends years ago. And I went down to, you know, |
| 1:13.4 | a rabbit hole on, on New York. And if you take a look at the city of New York just took 15 |
| 1:20.1 | hotels out of service, paid $77 million to the owners and for these temporary immigration centers. There's been |
| 1:32.6 | $500 million allocated for the governor for this issue. There was another $250 million allocated for |
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