Ken McElroy Show
Real Estate Realities: Ken and Danille’s Story + Insights from a Futurist
Dec 5, 2024
Greg Lindsay, an urbanist and futurist, dives into compelling housing trends and the evolving landscape of urban planning. He discusses how remote work is reshaping city dynamics and the future of co-working spaces. Lindsay highlights migration patterns influencing housing affordability, emphasizing the need for diverse developments amid demographic shifts. He also explores the role of AI and innovative construction in addressing housing challenges, painting a picture of a future that may prioritize walkability and multigenerational living.
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Quick takeaways
- Ken and Danille's home-buying journey exemplifies the challenges of navigating high construction costs and loan complexities in today's market.
- Danille's experience with subletting an Airbnb highlights the importance of active management to mitigate maintenance and communication issues.
Deep dives
Challenges in Home Construction and Financing
The process of closing on a house faced significant delays due to COVID-19, impacting both construction schedules and rising costs. After purchasing land with the intention to build, unforeseen complications such as increased building expenses and interest rates led to a shift in strategy. Instead of proceeding with construction, the decision was made to renovate an existing property while waiting for the market to stabilize. This situation reflects the broader challenges faced by many in real estate, highlighting the difficulties in navigating high costs and bureaucratic delays.
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