2053: Rich Dad Advisor Ken McElroy Exposes the Truth About the State of Commercial RE

Jason welcomes his business partner, Ken McElroy, who is known for his books in the Rich Dad series and his expertise in multifamily real estate. They discuss various topics, including the impact of the Federal Reserve's interest rate increases on commercial real estate, the challenges faced by different real estate asset classes, and the dynamics of the multifamily market. Ken emphasizes that affordability issues are affecting the rental market, and they predict a slowdown in new construction in the coming years. They also debunk the idea of easily converting office or mall spaces into residential units. Stay tuned for valuable insights into the real estate market and part 2 of the interview on our next episode.

#RealEstate #Multifamily #MarketInsights #FederalReserve #Affordability #Construction #RealEstateTrends #PropertyValues #Investment #EconomicAnalysis

Key Takeaways:

Jason's editorial

1:24 Join The Collective Mastermind Event in the Bahamas this November

1:59 Don't be fooled by the clickbait or fake news or the fear porn

3:32 Scrutinizing numbers; monologue versus the dialogue media

8:06 Where's the negative equity

12:34 Join our Empowered Investor Pro group

13:21 Federal Housing Financing Agency (FHFA) Map

Ken McElroy's interview

14:17 Welcome Ken McElroy

15:13 Update on the commercial real estate class

19:50 Misconceptions, distorting statistics and construction woes

25:21 "Skate to where the puck is going"

27:28 Converting malls, office and hotel buildings to residential

30:56 Solving the housing affordability issue

Mentioned:

Ivy Zelman https://www.zelmanassociates.com/

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