Tag Archive for: ken mcelroy

Will Commercial Office Buildings Turn Into Condos? Nope. But, We Can Dream…

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I was in Phoenix this weekend visiting my mom – and there was a very nice commercial office building behind my motel…that was completely abandoned (photos at bottom of blog). […]Read More

Everyone You Know Is Rich & That’s Why You’re Confused

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To be in the top 10% of the wealthiest Americans, you only need a net worth of $854,00, per Yahoo Finance (this is pretty much everyone who owns a home in CA). The top 5% have net worths of $1 million and the top 2% have net worths of $2.5 million. To be part of the famous and “evil” “top 1%,” you only need a net worth of $5.8 million. Read More

Massive Housing Shortage = Opportunity of a Lifetime; Every Agent Needs to Share These Numbers!

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There is a massive housing shortage in America right now – and every agent and lender should be sharing this data with every nervous homebuyer. In a recent blog, I mentioned that over 80% of consumers think now is NOT a good time to buy. This is both because of today’s higher rates AND because many consumers fear that we will see a repeat of the 2008 housing crisis. But, according to real estate experts like Ken McElroy and Jason Hartman, we are facing the exact opposite problem that we faced in 2008 – because new housing units coming online have not come close to keeping up with household formations and/or population increases. Ken McElroy is a very reliable source, as he is a true real estate expert who focuses primarily on commercial and multifamily projects. He’s exceptionally successful already, and he has no reason or incentive to mislead residential buyers.Read More

Housing Inventory Shortages – Is Help On The Way?

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INVENTORY SHORTAGE – WILL THERE BE RELIEF? Homebuyers nationwide are facing severe housing inventory shortages while median home prices continue to rise. Pundits are weighing in on whether relief is […]Read More

Why Inflation Makes Your Fixed-Rate Mortgage An Asset

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Not only is housing a great inflation hedge as a “hard asset,” but a low 30-year fixed-rate makes financed housing an even better inflation hedge. A fixed mortgage payment in a world of rising inflation, rising incomes, rising rents, and a falling dollar could be the best asset we have.Read More