The Future of Real Estate with John Burns Market Insights, Risks, and Opportunities

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 11 May 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Jake and Gino podcast, hosts Jake Sanziano and Gino Barbaro welcome John Burns, CEO of John Burns Research and Consulting, to discuss the current real estate market and the future of the industry. With over 27 years of experience, John Burns provides in-depth insights into the housing and commercial real estate markets, sharing his thoughts on where interest rates and government regulations might be heading. John Burns highlights the potential risks of an oversupply of apartments in growth markets like Nashville, Phoenix, and Charlotte, as well as the possible impacts of a tech recession on cities like Austin and San Francisco. The discussion also touches on the role of incentives and lease-up periods in new developments, and the trickle-down effect they have on local economies. Tune in for an enlightening conversation about the current state of real estate, the importance of staying informed, and the potential risks and opportunities that lie ahead in the market. Don't forget to check out John Burns Research and Consulting's website (jbrec.com) for more valuable insights and to sign up for their newsletter. We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/

Transcript

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0:00.0	Hello, everybody. This is Jake Sunday. I host, Jake and Gino podcast. Here with my co-host,
0:10.9	the multifamily mentor, the coach, Chef, Father, Six, the best line off there. The Gita.
0:14.5	Gino Barber is your going. Jake, I'm doing good. Sitting next to you today. How you doing?
0:18.2	It's a little awkward, but we're making it happen. A very special
0:21.1	guest today. Today's guest is the CEO of John Burns Research and Consulting, a company he found
0:26.9	in 2001 that specializes in independent, unbiased analysis of the real estate industry. And that's,
0:32.2	you know, that's why we love it. That's where we get the data from, right? And for more than 27
0:35.7	years, he has helped executives like
0:37.5	ourselves form demographic-based strategies. So without further ado, John Burns, welcome to the show.
0:43.5	Happy to be here. I don't talk as fast as you guys, though, so I may slow it down a little bit.
0:47.5	I'm an 80s kid, and I don't know if you remember micro machines, but that's where I got it from. So we'll just let it rip. Yeah, I guess we moved a little slower in the
0:54.8	60s. That's all right. Well, you know, those those drugs that caused that, but we won't talk about that
0:59.7	today. So I was when I was two years old, just to be. Fair enough. Fair enough. John, let's get your
1:06.8	background, if you don't mind sharing your story and how you got started in business?
1:17.1	I went to undergrad, got a degree in economics. My dad was a CPA, so I went and did the CPA thing for two years, went back to grad school, joined KPMG's consulting practice at the time.
1:24.9	It was a generalist practice. My boss, they reorganized the company by industry. My boss picks real estate. And so I end up as a real estate consultant starting in 1989. We've been working on commercial real estate golf courses, hotels, housing, everything. And then I left there in 97 because I recognized, well, I really
1:48.2	left there because I was traveling too much and started a family. But then in 2001, I recognized
1:53.7	that the people investing in housing were not nearly as sophisticated as the commercial real
1:58.6	estate guys. And so there was an opportunity to bring
2:01.5	some of that commercial real estate sophistication to the housing industry. So that's why I started
2:06.6	the company in 2001. And it's been a good ride for 21 years. John, what keeps you up at night
2:12.5	about this current real estate market? Well, I've got 130 employees, so they tend to keep me up at night.
	...

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