Hey guys, real quick before we get started, if you are investing in real estate right now,

maybe you're in the Airbnb space and you're looking to get in the boutique hotel game.

We have an awesome community with 75 members, 41 hotels owned collectively amongst the group,

six hotels currently under contract and being bought, partnership opportunities,

forward-thinking, like-minded individuals, folks that are moving the needle.

We don't accept everyone.

Most folks, we actually decline that apply.

If you are serious about getting the boutique hotel game, we're going to be opening up a couple spots between now and the end of 2024.

You can go to hotelinvesting.com to book a free call with my team.

Again, that's hotel investing.com to book a free call with my team. Again, that's hotel investing.com to book a free call

with my team. Now let's jump into the show. We've been in a high rate environment for 30 months now.

And the rate, the rate environment is essentially doubled, more than doubled for 30 months.

And to think that the real estate market has not completely crashed in 99% of markets in the country has not completely crashed.

In a lot of markets, the real estate pricing has maybe come back 5 to 10% over the last 30 months in the rate environment from a cost of capital perspective has more than doubled for 30 months.

So think about the fundamentals and

what that means from a macro perspective, right? We have a lot of shifting demographics going on right now.

So the baby boomers, we just mentioned them. Baby boomers are living a lot longer now. And so they're

not selling off their homes as early as they once were. And they're not going into retirement

homes as early as they once were. And then you not going into retirement homes as early as they once were.

And then you got the millennials, my demographic, who are starting families for the first time,

they're buying houses for the first time. That's a huge tick up in demand. And then behind them,

you got the Jen's ears, which is even larger than millennials. And they're moving out of their parents' house for the first time and looking to rent apartments. Right.

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