4.8 • 692 Ratings
🗓️ 8 January 2024
⏱️ 38 minutes
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0:00.0 | Welcome to the Real Estate Strategies podcast, where we host in-depth conversations on everything |
0:07.8 | real estate with the industry's biggest movers and shakers. |
0:11.3 | I'm your host, Ken McElroy, joined by my co-host, Daniel. |
0:15.2 | Let's get right into this episode. |
0:17.5 | Welcome to the Ken McElroy show. |
0:19.1 | I'm your host, here with Ken good topic |
0:21.7 | today today we're going to be discussing the end the hedge fund control of America's act of |
0:27.4 | 2023 and if this bill passes it could change the housing market forever and I am with my co-host |
0:34.1 | Joey so Christmas present so everyone bear with me with that. |
0:39.3 | So anyways, do you want to go over what this kind of bill states? |
0:44.1 | Well, first of all, everyone's upset right now because, you know, Wall Street is basically buying houses. |
0:51.1 | So this has been a sore topic for most people. |
0:55.1 | And it really is interesting because if you think about it for the longest time, |
0:59.9 | the residential real estate market specifically, |
1:03.4 | hasn't had to compete with Wall Street, |
1:06.8 | hasn't had to compete with Blackstone or Black Rock. |
1:10.6 | By the way, this is a golf community in Cordillane, Idaho. |
1:13.8 | It's not Black Rock. |
1:16.0 | I just thought not at all. |
1:18.7 | But they're upset about it, and rightly so, I think. |
1:21.7 | You know, it's changed the residential market a lot because I mean imagine just what if you're just |
1:29.1 | trying to buy a house near your parents and you know some of these Wall Street groups are |
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