Why Your Pension and Real Estate Values Are at Risk
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 17 December 2024
⏱️ 47 minutes
🧾️ Download transcript
Summary
To watch the livestream each week, follow the KenMcElroy YouTube channel and tune in at 11AM MST each Monday! Visit Ken's YouTube channel: https://www.youtube.com/@KenMcElroy
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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.
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Transcript
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| 0:00.0 | There is a silent bomb happening in the real estate market next year that you need to be aware of |
| 0:04.7 | because it's going to affect real estate prices and maybe your pension. |
| 0:08.3 | Well, not maybe. |
| 0:09.8 | That's for sure. |
| 0:11.1 | Yeah. |
| 0:11.4 | Yeah, a lot of this channel focuses on residential real estate, which I completely get. |
| 0:16.7 | But I don't think that a lot of people really dig into the commercial side and what's really happening. |
| 0:23.1 | There's what a lot of people are calling the debt maturity wall, which are essentially debt maturities, simple, for multifamily, retail, industrial, office, you know, everything that you can think of. |
| 0:37.2 | And they're expiring, and they have been expiring for 24, 25, 26, 27, 28. |
| 0:42.8 | Why is that important? |
| 0:43.8 | It's important because unlike a residential home, you have a mortgage that might be 30 years. |
| 0:50.8 | And it's like, you're good. |
| 0:51.9 | So like I was telling DeNeal, like when I built my house, |
| 0:54.4 | right after I built it in 2008, the price went down, right? So my construction costs of what I |
| 1:02.6 | owed on the house were actually higher than the value. But the thing is, is time cures a lot of that. |
| 1:09.8 | So time cures residential in lots of ways, |
| 1:12.9 | unless, of course, you have a loan maturing. |
| 1:15.8 | And the commercial real estate, it's very different. |
| 1:18.9 | Commercial real estate, they might be amortized for 30 years, |
| 1:22.6 | but you typically don't have, |
| 1:25.5 | you typically don't have that kind of time. So you could have three |
| 1:28.8 | years, five years, seven years, 10 years. So it depends on the loan. So let's first talk about, |
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