Thoughtful Money with Adam Taggart Big Money Buying Up Our Homes Is "Never Going To Stop" | Ken McElroy
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May 15, 2024 Ken McElroy, successful property investor, discusses the current housing market conditions, supply challenges, impact of big companies like BlackRock, opportunities for real estate investors, demographic shifts, tenant challenges, strategies for financial success in real estate investments, leveraging tax advantages, and the influence of big money from financial institutions on real estate market dynamics.
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Wall Street Targets Single Family Homes
- Wall Street is aggressively investing in single-family housing, changing the nature of homeownership.
- This trend won't stop, so one must learn to participate outside traditional means.
US Housing Market Split
- The US housing market is split between a single-family market and diverse commercial real estate sectors.
- Each sector like multifamily, office, self-storage, reacts differently to economic changes and should be analyzed separately.
Interest Rates Cause Supply Delay
- Rising interest rates have caused construction to slow dramatically, creating a future housing supply shortage.
- Existing homeowners are reluctant to sell due to low mortgage rates, shrinking market listings now.