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20min chapter
Airbnb Meltdown & The Billionaire's Guide to Real Estate Mastery
Ken McElroy Show
The Doom Loop: Reasons for the Decline in Real Estate Prices
In this chapter, they discuss the potential reasons for the current decline in real estate prices and the concept of the 'doom loop'. They mention that many syndicators may have made incorrect purchases and have been impacted by rising interest rates. As a result, banks are unwilling to keep these assets, leading to price adjustments and significant losses for investors. They provide an example of a building in San Francisco that was sold for a significant loss. This downturn in prices may affect pension funds and insurance companies that have invested in these properties.
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