U.S. Credit Downgraded by Fitch: What this Means for Inflation and Real Estate
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 7 August 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Join Ken and Danille as they talk about the recent credit downgrade of U.S Government debt by the Fitch rating agency and what this means for inflation and real estate. This is an audio replay of the YouTube livestream. You can view the YouTube video at this link: https://youtube.com/live/Q2APFjccGcw
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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, 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 co-host, |
| 0:14.6 | DeNeal. Let's get right into this episode. So let's jump into our Twitter question of the week |
| 0:20.7 | while everyone gets in the room. |
| 0:22.8 | Can you ask, what do you think are effective strategies for first-time homebuyers? And I really like |
| 0:27.1 | this question, so we have a lot of first-time home buyers that listen. And Rhett says, |
| 0:34.4 | think like an investor, not as a consumer. |
| 0:42.6 | So kind of what my webinar was about a couple weeks ago was buy like it's going to be an investment because you don't know that it's not going to be an investment one day. |
| 0:46.4 | Well, and it might be. |
| 0:47.6 | Like the whole idea, you know, even Danielle fell into this trap. |
| 0:52.1 | You know, when we first met, she was going to sell the one she was in |
| 0:56.1 | and used the money for the next one and i think that is a very common thing that people do my |
| 1:03.2 | parents did it you know my sisters and brothers did it so it's very very common but there are ways |
| 1:09.9 | to do both and so that's why that's a very good question. If you can |
| 1:14.7 | keep that one asset, now just think back to your first investment, your first house, even the |
| 1:22.3 | house you grew up in, how much less it is than today's prices. And generally, the majority of that is due to inflation, |
| 1:32.7 | which, you know, of course, we're all seeing now. So that's a really, really great answer that Red Hat. |
| 1:39.2 | Yep. Let's go to response number two. Jeff said wait. |
| 1:46.8 | Yeah, that could be also a strategy. |
| 1:47.4 | Yeah. |
| 1:48.5 | There's nothing wrong with waiting. |
| 1:52.4 | You know, I'm waiting on areas to go down. |
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