The Housing Market Recession is here….
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 30 August 2022
⏱️ 53 minutes
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Summary
Check out Ken's Inner Circle: https://kensinnercircle.com
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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, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
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. Ken's company: https://mccompanies.com/ • DISCLAIMERS: Any information or advice available on this channel is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this channel. Consult a financial advisor or other wealth management professional before you make investments of any kind. Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this channel are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this channel.
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Transcript
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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. I'm your host, Ken McElroy, joined by my |
| 0:13.9 | co-host, DeNeil. Let's get right into this episode. Hey, everybody. Welcome to the Ken McRoe |
| 0:19.2 | show. Hey, guys. I'm your host, |
| 0:20.8 | Danielle, here with Ken. What's going on? Anyways, so we are going to be chatting today about the |
| 0:25.7 | housing recession that is starting to happen. All right. So first of all, it's not a housing |
| 0:31.0 | recession. It's a recession. Well, yeah, but the housing market is receding as well. It is. |
| 0:36.2 | Not by a ton, but it is. |
| 0:38.1 | I just think, you know, what's happening is it's still out of balance, but it's definitely |
| 0:43.8 | cooling. |
| 0:44.6 | So what people are really freaking out about is that, you know, they could always expect that |
| 0:51.2 | next month was going to be higher than the prior month. |
| 0:53.5 | That's the only issue. |
| 0:55.1 | When we have some questions about that from our inner circle members later. I saw that. |
| 0:59.7 | But you know, you guys got to put things in perspective. You know, when, you know, one of the things, |
| 1:06.3 | there was a ton of things that has happened, right? So you can't just point to one thing, but they gave |
| 1:11.1 | everybody a lot of money and they lower the rates to basically zero on the federal funds rate. |
| 1:17.8 | So we're talking about the Federal Reserve and inflation went out of control and, you know, |
| 1:23.3 | got as high as 9.1. As you guys know, it's at 8.5 as of July. So, Powell, you know, |
| 1:31.0 | just three days ago spoke about this. You know, he's like, you know. Well, maybe people don't |
| 1:36.2 | know. So what did he say? So Jerome Powell, of course, the chairman of the Fed, which meets again |
| 1:41.7 | in September 20th, I believe. |
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