The Housing Myth We Were Forced to Believe
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 24 September 2024
⏱️ 41 minutes
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Summary
Ken and Danille McErloy dive into the paradox of housing: how can it be both a great investment and affordable for the average worker? We explore the reasons behind skyrocketing real estate prices, the impact of low interest rates, and what it means for homeowners, renters, and investors. This is a replay of their live stream from YouTube.
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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.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Welcome to the Real Estate Strategies podcast. Let's get right into this episode. |
| 0:04.7 | Housing is supposed to be the best investment we can make, yet it is also supposed to be |
| 0:10.6 | affordable. You can't have something that's a good investment that means that it goes faster than |
| 0:16.4 | the normal wage, but yet affordable, meaning the average worker can afford it. |
| 0:21.1 | I know. |
| 0:21.5 | We're a conundrum, right? |
| 0:23.1 | The conundrum is exactly that. |
| 0:25.5 | Like, you guys want value, you want it affordable, but then you also want it to be a good |
| 0:30.6 | investment. |
| 0:31.3 | So what do they call that oxymoron? |
| 0:34.0 | Yeah. |
| 0:34.4 | I don't know. |
| 0:34.9 | Maybe that's wrong, but you guys will attack me if it is, that's for sure. |
| 0:37.8 | Well, it's interesting. |
| 0:39.0 | You know, we're going to get into how much rides on this. |
| 0:41.3 | But, I mean, from a general standpoint, you know, people, once you own a home, you want it to go up. |
| 0:46.8 | And before you buy a home, you want it to go down. |
| 0:50.1 | I know. |
| 0:50.7 | I know. |
| 0:51.1 | It's funny. But, you know, there was one thing that's for sure. |
| 0:59.9 | I mean, just by looking at price, I get this. I completely get this. |
| 1:07.4 | But the long term, like, you know, paying rent versus paying a mortgage, paying it down. Like, if you look at America today, at least, most people, like including our family members, |
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