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Urgent Rent Cuts Are Here (Landlords Panicking)

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Ken and Danille McElroy discuss how the rental market in 2024 is swinging in favor of tenants, marking a significant shift from previous years. With an influx of new rental properties, changing homeowner dynamics, and the conversion of Airbnb units to long-term rentals, this live stream breaks down the reasons behind this trend and what it means for the future of renting.
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ABOUT KEN:
Ken is the author of the bestselling books The ABCs of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABCs of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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#KenMcElroy #RealEstate #RealEstateInvesting #RentalMarket #Tenants #Landlords #Investors #BuildingRates #ApartmentSupply #RentalProperties #LowInterestRates #AccidentalLandlords #MillennialHomeownership #Airbnb #LongTermRentals #RentalDemand #MarketShift #2024Trends #HousingAffordability #RentalPrices #TenantRights #RealEstateInvestments #MarketDynamics #HousingPolicyEffects

Опубликовано:

29 авг 2024

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Комментарии : 276

@KenMcElroy 5 месяцев назад

If you appreciate the effort we're putting into these videos and want to support the channel, share this with someone you think would benefit! It would really mean a lot. thanks

@absolutecrypto95 5 месяцев назад

Love you guys always appreciate you and your wife

@jamesgray7822 5 месяцев назад

Your channel is very real and insightful. Please continue educating people like us who want to be competent and dedicated investors.

@maiadazz 5 месяцев назад

I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

@richardhudson1243 5 месяцев назад

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

@darnellcapriccioso 5 месяцев назад

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

@maiadazz 5 месяцев назад

I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

@darnellcapriccioso 5 месяцев назад

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about 5 years now, and her performance has been consistently impressive.

@bleu_chzst924 4 месяца назад

You moved to the bay area?? Why

@MichaelBordenaro 5 месяцев назад

Thanks Ken and Danille for using a clip from my channel! Been subscribed to you for years since first hearing you on Rich Dad's channel.

@perennialcannabisbrand2602 5 месяцев назад

Yeah, Michael!!

@aarohivijh 5 месяцев назад

Between taxes, maintenance, and HOAs, it hard to own something for less than a $1000, even $2000 a month. Always feels like I’m renting from someone. The bank, the landlord, the government …

@FreestylingIsLike123 5 месяцев назад

Ain't America great

@christopherwhull 5 месяцев назад

The taxes and HOA are a you problem, you put those people in power over you.

@kendreamer6376 5 месяцев назад

You will own nothing and be happy.

@superdave8248 5 месяцев назад

All new construction is basically HOAs now. The builder will start the HOA and then hand it off to the new owners. And they will include language in the HOA bylaws making the HOA responsible for any property issues to get the builder off the hook. So how it works is this. Builder cuts corners in construction to save a buck. Starts an HOA by themselves. Writes in that the HOA is taking responsibility for all property issues which is approved because the builder controls the HOA, and then hands over the HOA to unsuspecting people living in the development. Who then realize that legally, they can't sue the builder now for poor workmanship and the HOA doesn't have the funds to manage the property without raising HOA rates into the atmosphere. Saw this very thing happen at a development. Builder built homes on a unstable slope of a hill and then a few years later they had a mudslide. To make matters worse, the was a road at the bottom of the hill so now DOT and state is involved trying to protect the road from additional landslides and debris. Nobody was saying the quiet part out loud. That the county should have never allowed building permits on the land because deforestation of the hill is what lead to the landslides. The builder shouldn't have built on the land. The HOA (which had just started and was broke) had taken over responsibility for the development. And as for the state, they knew the solution was to regrade the slope of the hill to reduce any potential landslides and add new trees back but would require the lost of a number of homes in the community. Technically, the state didn't want to do imminent domain because they didn't want to take possession of this landslide prone property now. The HOA couldn't afford to buy people out of their homes. The county was claiming home owners didn't have a right to sue them as they should have had their own private inspections and surveys. And the home owners will stuck in homes they couldn't financially get out of it but were eventually going to be at risk of collapse. Imagine waking up every day, looking at your back yard, and realizing it is is getting smaller and smaller and the edge of the yard is approaching your home closer every day and at some point the county or state is going to knock on your door and tell you your home has now been condemned.

@Bagadones 4 месяца назад

Yanis Varoufakis had a very interesting take on this in a way I hadn’t heard before and was profound. He equated the tech apps, cloud services,“subscription” services as not actually positive growth towards GDP, but instead a country eating itself, specifically its own citizens. Instead of a free market, it has become a predetermined market, and one where the “vassals” hold the key to the markets. And that capitalism is dead, because of this very reason.

@jonathanhardy8683 5 месяцев назад

Falling rents? If you're talking about places that have doubled their rents in the last year, then recently rolled them back by 2%, then sorry, I'm not impressed.

@donaldconley2720 5 месяцев назад

I just signed a new house renewal lease, they wanted 210 more, I talked them down to 165 more a month.

@didiermorissonneau505 5 месяцев назад

for two years Jo. after that it will raise again.

@justobey733 5 месяцев назад

Landlords should sale their properties now.

@legacyopp9318 5 месяцев назад

I bought a new build in Arizona. The rent went from 1600 to 1900 after convid. Now, there are so many rentals in the neighborhood that 3 of them on the market 90 days, lowered the rent to 1300.

@Theaverageazn247 5 месяцев назад

just like inflation. Look things are better caz they went down 1% after going up 20%

@Pug318 5 месяцев назад

I live Staten Island nyc , I can tell you nothing here is going down on rent , overall it’s still incredibly increasing in this area and market.

@ydoIstillcare263 5 месяцев назад

Most AirBnB's are being shut down in British Columbia May 1, 2024. Tourist cities are freaking out. Not enough hotels to house visitors.

@dougfredell6972 5 месяцев назад

Government should get out of the way of entrepreneurs. Cities with legal impunity have caused the housing crisis, not short term rentals.

@momoxiaoshizi 5 месяцев назад

There are a ton of hotels in BC. BC tourism industry was totally fine before Airbnb was invented.

@annab5090 5 месяцев назад

@@dougfredell6972AirB&B totally helped screw the housing markets in places like Florida, Texas, etc

@Lpmeff 5 месяцев назад

@@dougfredell6972 they never should have been allowed to get that big in the first place

@23pinkpear 5 месяцев назад

who cares about visitors locals need housing

@vincentortega4284 5 месяцев назад

Rents here in Ventura, CA. are still going up.

@LP-gs3xj 5 месяцев назад

Accidental landlord- moving asset out of Calif. my wife is currently out in California clearing out our 2nd home. 2.6% mortgage. Rent would be 3 time the mortgage. Trying to decide whether to rent or not. Told our property manager if he finds an air tight renter we might consider but we want to get out of California. The state is unpredictable crazy.

@MyBabybabz 5 месяцев назад

Yes. I’m one of them. My interest rate is 2.86%. I modified in 2020 just to get this rate. I closed in 2011 @ 4.75%. I just pay additional every month. I’m on schedule to payoff in 5yrs or less.

@tradespx9055 5 месяцев назад

I would put your extra payments in long term treasury bonds not in the house. You’re losing cash flow, not to mention the appreciation you will get when the Fed cuts interest rates 2.86 vs 4.20

@tradespx9055 5 месяцев назад

Appreciation calculation: number of years until maturity x1. That’s the approximate percentage you will get for every one percent reduction in the interest rate. So, for example, if you have a 30 year bond, that matures in 27 years, you will get 27% return for one percent drop in the 30 year interest rate

@tradespx9055 5 месяцев назад

The bonds are more of an asset than your mortgage balance

@FeelingPeculiar 5 месяцев назад

I'm honestly not seeing this. In Colorado Ft Collins-Denver-CO Springs, housing and rent prices are still sky high

@petelipson3769 5 месяцев назад

Same in grand junction........however, there are over 1000 new units coming available in 7-8 months, and we have,as far as i can see zero job growth. So may soften up in 12 months

@FeelingPeculiar 5 месяцев назад

@@petelipson3769 Truth

@Liz-wz8dh 5 месяцев назад

It's probably a really desirable place to live. My city used to be really affordable but over the years it got that stupid title of being a tourist friendly city and I think that contributed a lot to the explosion in rent prices here. It's priced out a lot of the people who live here. But I am starting to see people refuse to pay those high prices because the jobs around here still don't pay enough to afford that high rent.

@BGG15 5 месяцев назад

Higher priced areas might be dropping, but cheap rentals are not cutting their prices and the complex we are in is at almost 100% occupancy.

@nicholasvarro7382 5 месяцев назад

Not here in Marco Island, FL. Single family home rent went up 10% these past two years. From $4000 a month to $5000 a month.

@ReVelopers 5 месяцев назад

Just wait

@danbeeson9564 5 месяцев назад

You’re right most places it has been increasing but he’s giving you the bleeding-edge information- what’s happening now, not what’s happened over the last year

@marye.2018 5 месяцев назад

Insurance rates have doubled for Florida Home owners this year.

@kennethrobinson7647 5 месяцев назад

I watch a lot of RU-vid finance and it’s amazing how I never learn about good investing ideas until AFTER the opportunity passes. It’s almost like it’s on purpose.

@KK-pm7ud 5 месяцев назад

Give examples

@petelipson3769 5 месяцев назад

Just because something is on YT does not mean you are going to make money.

@mariuss.6607 5 месяцев назад

Yea there's this person that gives some kind of magic financial advices blah blah blah 🤡

@Baldrekr 5 месяцев назад

Usually this sort of comment chain is followed up by a ton of bots

@Davey954 5 месяцев назад

If everyone boycotted rentals and bought a van to live in we could buy these apartment complexes for Penny’s on the dollar.

@user-vp3zx3ut6k 5 месяцев назад

Thank you Ken for all the vital information, you provide to the public and investors.😊

@jackd. 5 месяцев назад

Not seeing any decreases in my area. Prices are the same or higher. Very upsetting.

@joaosil 5 месяцев назад

This is by far the best real estate show in the world. Ive been learning a lot really. Glad you put all this consistency and effort in it. Thank you! 👏👏👏

@Greg_Chase 5 месяцев назад

If you account for large migrations of populations inside the U.S. it helps to get a feel for pressure on rents. Example: there is still a large exodus of people out of California (500,000 in the past 24 months), out of Illinois, out of New York. Those people have to go somewhere So if a region gets a benefit of a large supply increase, AND it is not losing population, the extra increase in supply WILL BE TAKEN UP pretty quickly, due to (1) the state isn't losing residents; and (2) there is in-migration. Arizona, for example - will see any excess supply taken up very quickly. I went to school in Phoenix. There have always been people moving from California to Arizona because they share a border. Now? The exodus of people into Arizona from California is probably quite high these days. Arizona, Nevada, those states - if they have any excess supply - that excess supply won't last long. .

@FeelingPeculiar 5 месяцев назад

Well said

@aprilwelsh9796 5 месяцев назад

We have a ton of intercity building happening in the state of California. The state of California has mandated this inner city concentration so we have these high-rise apartments being mandated all over the state right now.

@BubbaBubs1 5 месяцев назад

There's plenty of supply, it's being hidden by forbearance.

@QualeHouse 5 месяцев назад

Not seeing dropping rents here in the Midwest. Rents up, not enough supply here. I’m referring to SFH only. Not in the know on apartments.

@christopherwhull 5 месяцев назад

Rents in apartments in the Midwest.... 6 to 12 weeks free is the going renewal bid, or a 9%+ discount. Should be about 15% higher than 2020, we are half way there.

@yonmoore 3 месяца назад

I'm still seeing new multifamily projects breaking ground in my market and do expect to see rent drop, but we've also used that fact to negotiate some great deals!

@ryankc3631 5 месяцев назад

Videos all over claiming car prices, rent and home prices dropping. Not where I am, in the middle of GA.

@Millnoc 4 месяца назад

Panic sells

@CW-ho4wy 5 месяцев назад

Is this guy delusional? "Landlords have been lucky" 3 years of pandemic and unable to evict, millions and millions of lost rent.

@QualeHouse 5 месяцев назад

Depends on where you live. Haven’t seen any situations like that in my area.

@imnitguy 5 месяцев назад

Not sure where this is happening, but in Charlotte, NC nobody is giving away discounts or three months free, Not here!

@user-xj3ck5oy2x 5 месяцев назад

It’s happening in Florida and Georgia!

@odafejeroh62 5 месяцев назад

This is what Ken does not explain or even talk about. Here in the Phoenix or Tucson AZ area. All the new properties (multi family) coming into the market are class A (top of the line) properties. Those properties still charge almost $2400/month for a 2 bedroom 2 baths. My point is this, there is no affordable housing been built as we speak. Every new construction is for high end renters. So if you're in the affordable housing region, your rents will still go up.

@aarohivijh 5 месяцев назад

Good point.

@christopherwhull 5 месяцев назад

The high end renter moves out of 1800/mo place, the 1200 per month renter moves in, and it works it way down the market.

@odafejeroh62 5 месяцев назад

@@christopherwhull people will always need a place to stay. The high end renter moves out from the $1800 place and doesn't become homeless. They move to the $1200 a month place or they get roommates and move to the affordable housing place.

@soniasbooks 5 месяцев назад

Not yet dropping here in Carson City, NV. There’s still a lot of demand compared to supply.

@nyrangers3150 5 месяцев назад

Sorry guys. I don’t see this with rental houses. If anything I can still raise rents. We are and have been in stagflation and so no major shock events for the next couple years.

@goaliem288 3 месяца назад

Everton talks about doing market research. Can you do a video on where you get your research. Paid services vs public information. Pros and cons to those.

@yanmamabear5734 5 месяцев назад

Not sure about apartment rent, but in my area, I am still seeing moderate rent increase in SFH

@adriankennedy2492 18 дней назад

I am finishing up our first duplex, i am presently looking for our next deal in a 4plex or 6plex. We live in Overland Park, Ks but shopping kck. Listening for only a short while to your videos but have listened to quite a few, so thank you to both of you. Id say there is something to say about renting to undocumented or illegal, whatever term you want to use, in comparison to renting to a legitimate citizen in repsects to rental laws in each state. KS is landlord friendly compared to MO so im sticking with my buy box here. Anyway there is some unforseen leverage renting to an undocumented that i only recently realized because we are nearing thre end of our 1st, and ive had nothing but spanish speaking people walking by asking how much rent and im renting it above the average but literally everything is new. And id have to say THANK YOU so much for changing my mind, i was gonna sell it, but the fact that the refi is tax free income, we will make out fine and cash flow as well. So thank you, and thank you for the content.

@stevegarrett4869 5 месяцев назад

my mentor who is a loan officer and owns over 100 doors sees tons of tax returns. He has never seen one yet that has someone killing it with air BNB. the people that do well with it are people who have a basement or a part of their house that they use as a side hussle. Or communities in vacation areas that have been built specifically as short term rentals.

@Yong-Yongski 3 месяца назад

I just got a notice from landlord my rent will go up $150.00 next month (next lease) I'm in Portland Oregon

@atlas4225 5 месяцев назад

Don't swallow the crash bro pill. Those who can't afford stuff don't drive markets, what could the top 10% or Americans afford if they were so inclined. They drive the market. Prices have not done down in the NJ/Philly region.

@perennialcannabisbrand2602 5 месяцев назад

Just had a Final Inspection on an SFR build in NY today!

@AllNighterHeider 5 месяцев назад

Profit is a signal that a business is providing value. So for a landlord to not be "greedy" and operate for profit but rather for a loss, no value would be provided. Its not a difficult fact of life. Thanks you two

@azdbuk 5 месяцев назад

"Profit is a signal that a business is providing value"......nice saying. Numerous ways this pithy saying can be (is) untrue, but nice and simple for commenting purposes.

@LongDefiant 5 месяцев назад

Property is theft

@AllNighterHeider 5 месяцев назад

@@LongDefiant How was our voluntary transaction theft? From whom did I steal? Why would you type such a nonsense sequence of letters that proves you don't jive well with reality?

@dougg4633 5 месяцев назад

@@AllNighterHeider Don't let the homeless get you riled up. Their just salty they can't get their act together

@AllNighterHeider 5 месяцев назад

@@dougg4633 I got braud shoulders 😁

@philipmehl9355 5 месяцев назад

Supply & Demand issue: large supply of greedy landlords

@Joehoops33 5 месяцев назад

Fed is going to cut...massively. They never just cut a little. Everything your talking (commercial RE collapse and now problems with employment and renters weakening) about points to a massive recession. The fed has been "talking tough" on inflation but they will have to make a choice between fighting inflation and keeping the bubble going. I didn't think they could keep them up this high for this long without breaking everything, but I think the extra 2 trillion they printed in 2020 provided the extra fuel to kept it going....The other side of this rate coin is the massive deficit that the US Treasury has to fund. Not sure if you've noticed, but the Treasury is borrowing 1 trillion every 100 days now! Either this time is different, or that will break everything. What's scary is that mostly everyone does not think this is a problem. I sit on a trading desk with a Trillion dollar money manager. No one is thinking about this or considering the implications. What happens to the Real Estate market if the 100+ trillion bond market realized they are the patsy at the table and rushes in to buy something instead of Bonds when they realize that the math does not work with the US Government debt levels and these levels of nominal interest rates regardless of what inflation is doing. Think Argentina of 2000

@cesararellanes6188 3 месяца назад

i own a vacation home that has bunkbeds, I don't rent it but enjoy bringing groups

@jonathanhardy8683 5 месяцев назад

The only place I know of where rents are falling is a small strip on the beach in the eastern Mediterranean.

@ryann8348 5 месяцев назад

I'm in the Portland metro area. Rents have fallen about 5% over the last year

@user-xj3ck5oy2x 5 месяцев назад

Florida and Georgia rents are dropping!

@michaelsoto4768 4 месяца назад

They didn’t get it 😂

@shannondavis5728 4 месяца назад

“gross income” hit different than “net income”!!!….i make $31.20 per hour in Lakeland,Florida but it feels like im making $18 per hour!!!😳😳😳😳😳

@bionicspuds4616 5 месяцев назад

Can you guys put the link to the video recommendations at the end in comments or description. Or leave it up longer. Thanks 🙏

@k.williamelliott7969 5 месяцев назад

We need to find temporary shelter while our house is being built. Currently renting a house but the lease is up end of April. Chi Com landlord won't let us go month-to-month till Oct. 2024, only letting us go to end of July with a rent increase to $2,800! We are finding apartment rents, even for a six month lease, VERY attractive with over flowing inventory and more coming. Hate to move twice but the amount of money we will be saving makes it more than worth it.

@aquahero 5 месяцев назад

Danielles smile @15:32 is g.e.o.r.g.e.o.u.s.e.

@BigDogRoy 2 месяца назад

Unless I 1031 exchange one of my properties, it’s not worth selling anything. Capital gains tax and depreciation recapture will eat you alive.

@BlueWaterSTAX 5 месяцев назад

The "unraveling". Well said. Thanks Ken and Danielle

@AllNighterHeider 5 месяцев назад

Thank you so much for showing the clip of Zuber talking about accidental landlords. Michael Zuber is a genuinely great guy and creates a ton of quality content. Ken, I believe the two of you have connected already, but if not, let me know and I can facilitate an exchange of info. Love the content!! Thanks you two

@moviehipster 5 месяцев назад

Zuber the Doomer Every other title is crash this, crash that. Too much content, Quantity but not enough quality

@AllNighterHeider 5 месяцев назад

@moviehipster are you judging quality by title or do you see past that and listen to the content to judge that directly? I don't so much read the titles anymore, more so the guests.

@moviehipster 5 месяцев назад

Absolutely i judge a book by its title, (kinda the whole point of the title) If we are starting out with chicken little sky is falling, crash, crash, crash. Well, who needs to cry wolf all day, all week, all month, all year, all decade. Zoober needs to let go of the trashy headlines. He needs to let go of over broadcasting, lay off the caffein, chill, and do 1 weekly show. He has potential. But hes selling himself out short, and it sickens me to watch him do it. His entire audience will be as shallow as his headlines.

@AllNighterHeider 5 месяцев назад

@moviehipster I think not. I just attended his event in Vegas a few weeks ago. The atmosphere was very cooperative and informed. Lots of people making things happen and not just attending a conference as though that's action. But to be honest, I think youre too pessimistic for our crowd and maybe it's best you keep swiping.

@moviehipster 5 месяцев назад

@@AllNighterHeider exactly, thats what i do, i know my buy box, and my chicken littles fake teachers, the sky is always falling. Best to cut bait with those pessimists and their posse, and find better.

@carolinavieira2755 5 месяцев назад

cutting? not in NY! 4k for an small 1 bedroom apt is crazy to me!

@tBone20082 5 месяцев назад

Here in Silicon Valley .. Not going down only up... 😮

@austinlargusasimplerealest6446 4 месяца назад

Yup exactly! The Bay continues to grow

@buddyrevell511 4 месяца назад

I keep hearing you say "rents are down", but chart doesn't show that... it only shows that rent price growth is flat. That just means rents have not been increasing much if at all for the last 5 months

@HJJTsai 5 месяцев назад

The rent isn’t falling unless in your neighborhood there is a lot of apt buildings being developed. May happen to some parts of TX or AZ, but don’t have your hopes on.

@davidmontgomery5047 5 месяцев назад

I'll believe it when it Happens here in Cleveland , my Daughters Rent goes Up by $40 every Year ,She is paying $780 for a 1 Bd Rm .

@Jessicascleaningtips 5 месяцев назад

Where?? San Diego is full up. $1800 for BEDROOM in an old house with roommates at age 53😭

@bobmanlarrydude 5 месяцев назад

Question: what are the market influences on supply? What can cause a surge in supply to bring prices down? Would ease of govt regulation or regulation changes help with bringing up supplies?

@bmxracer2701 5 месяцев назад

In tucson, were seeing some concessions starting to pop up.

@ljr3061 5 месяцев назад

Same in Phoenix/Mesa

@rfreeman5012 5 месяцев назад

Ya one 4 plex in oregon and one airbnb at the coast. 4 plex had to drop rent to get a renter in a unit, airbnb Im selling.....returns are significantly lower than in previous years since q4 2022

@sczr1186 5 месяцев назад

I'll take that off your hands. I know how to make a rental work.

@USMCGEO42 5 месяцев назад

Having a hard time buying into this, the US being 4-5 million houses short of where it needs to be.............when I put a property up for rent, I get contacted by 400 people in the first week,

@SilviaManentFinancialAdvisor 5 месяцев назад

Very interesting. I am starting to see concessions here in Boston which is a hot market. I have some clients in Chicago as well that are getting concessions and in Vancouver as well!

@23pinkpear 5 месяцев назад

lawsuits are here! Real page class action lawsuit against 8 landlords that colluded to raise rent in arizona

@shortstraw4 5 месяцев назад

My rent is going up ten percent a year. Nothing is going down in so cal

@ReVelopers 5 месяцев назад

Hey commenters who say the rent is still high in your area it’s because the market just turned and real estate is local so some areas like florida are on the decline. You will see the dead cat 🐈 bounce happen but that’s just the elasticity vibrating is the rubber band (market)

@Alexandra-ek6bb 5 месяцев назад

How much LESS rent should I, as a prospective tenant of an inexperienced accidental landlord, expect to pay every month? There has to be enough of an incentive for me to rent from an accidental tenant versus a quality apartment complex.

@AndrewHope-rr3cs 5 месяцев назад

Whatever you can negotiate for. Not like they don't have the option to sell and walk away leaving no rental at all though, which further limits supply increasing overall rents. It's their property they can ask whatever you will pay.

@Alexandra-ek6bb 5 месяцев назад

@@AndrewHope-rr3cs I suppose that a very carefully contract should be written up that doesn't allow the landlord to just kick the tenant out without at least 60 days notice.

@davidinwashington 5 месяцев назад

So cool that you included a Michael Bordenaro clip - I love that guy!

@shahh.5124 5 месяцев назад

Jerry please keep that damn graph on screen!! :P

@DanilleAZRealEstate 5 месяцев назад

hahaha

@chinatownimportscom1434 5 месяцев назад

Apartments and single family homes are totally different markets. Many people with pets dont want a cramped apartment or condo.

@gregoryunderwood4121 4 месяца назад

Rent cuts , where?? Mine keeps raising rents $45-$50 a month every year, like clockwork

@williamgreyer4268 5 месяцев назад

I have a 30 year fixed commercial loan for my apartment building at 4.3%. For a commercial loan that’s great as it’s hard to find a 30 year commercial mortgage. It’s for a 6 unit. Found a lender that had a special 30 year program only for 6 units. After refinancing It’s Right next to where the Obama library is being built. I feel like I am insulated from interest rates and if there is a recession given the development in the area. I just wish the landlord laws in Chicago were more landlord friendly. You have to be very careful who you rent to. Still, I don’t think I could sell and buy something else due to the interest rate.

@kennethkirklin6959 5 месяцев назад

I would never own/buy anything in Chicago or New York or any Blue state, where your rights are subject to the whims of a tyrannical government looking to give away your property to people who believe what's yours is theirs, and all they have to do is vote it into their pockets

@eliot5220 5 месяцев назад

Be careful with that 7th unit. If the tenant gets mad they will report you then the city will make you remove it.

@eliot5220 5 месяцев назад

The greed always backfires. Ok will be raising my rents every year for the next 10 because my rents are low.

@williamgreyer4268 5 месяцев назад

I spent 400,000 fixing it up making it nice for tenants improving the area. I could have put that money somewhere else and done equally as well. There are always people who will always dub the landlord as bad and the tenant as good without knowing the details. I have dealt with vandalism from a tenant and a past tenant. But landlord bad tenant good. We are supposed to accept people with criminal backgrounds in Chicago. The city will never protect the landlord. They will protect criminals.

@loisaustin6200 5 месяцев назад

I see no decrease at all in rents here in Northern Virginia, Maryland and DC areas, if anything they keep going up.

@WhiskersAndWords 5 месяцев назад

I’m an accidental landlord, if i refinanced by property today the interest rate would be 3% higher

@robertmcmanus8465 5 месяцев назад

Honestly its probably going to be another year or so here in vancouver canada before we start to see the needle move meaningfully downward. These things take time to work through

@whiterock1865 5 месяцев назад

Just because you can raise prices doesn’t mean you have to, hence current state of greedflation.

@MrZola1234 5 месяцев назад

The demand is still much higher than supply... rents are still skyrocketing.... no end in sight.

@paulchase451 5 месяцев назад

Maybe in some markets rent are being cut - real estate is a localized business you cannot look at real state from a macro perspective anymore and just give a half-baked generalization about the entire market.

@iowawizkid1 5 месяцев назад

We are going to see the effects take hold by end of 3rd qtr 2024. "Days on Market" will become a dirty word again.

@shannondavis5728 5 месяцев назад

when are polk county florida land lords & property management companies are going to start cutting rent rates,application fees & deposit cost???

@carefulconsumer8682 5 месяцев назад

In the 2000 tech crash, my rent was dropped from $1,250 to $750 for a nice 2-bedroom apartment.

@robertrocha597 5 месяцев назад

Where?

@vcracing 5 месяцев назад

Those were different times. Businesses were offering a free BMW as a signing bonus to kids right out of college. It was really a financial bubble where wages were inflated and some landlords took advantage of that in cities with the tech jobs.

@libertysprings2244 4 месяца назад

I just realized all the economic activity the past few years from furnishing airbnbs. Now that the market is saturated that will mean some great furniture sales for the rest of us the next few yrs since furniture sellers like Wayfair and Amazon probably have too much inventory if they had ramped up to meet that demand of the past few yrs. That may affect Chinas economy even more than ours since they make everything

@Arlene_witha_y 5 месяцев назад

My Airbnb stick has been red for years. Where’s the increase?

@TheRealEstateMix 4 месяца назад

Thanks for the amazing video!

@shannondavis5728 4 месяца назад

the cash grab & greed is coming to a halt!!!…thank God!!!!!….people like me can’t make sense of these prices because i make $31.20 per hour in Lakeland,Florida and finding it hard to afford these current price points!!!

@holdenhamilton8577 5 месяцев назад

I would love to hear a video or even a segment discussed about the implications of COVID on home prices. I understand supply and demand. However, I think there are factors that made people willingly take majority of there savings and place that into a new home and renovation prices that doubled over night during COVID timeframes. Also why would a smart investor purchase a home they saw for 150k pre-COVID vs a 300k same home that needs more renovation? It’s not if people can buy a home it’s that they don’t want to repeat their parents history from purchasing a home pre-2008 (millennials) or dive into permanent problems.

@TheTrailmeister 5 месяцев назад

Where is it a good time to be renter? You’re talking nationally. There are many local markets where rents are NOT going down

@jonathanhardy8683 5 месяцев назад

He's probably talking about the very extreme high end of the market. You know, the kind of places rented by Arab princes or Russian oligarchs to put up their mistresses.

@user-xj3ck5oy2x 5 месяцев назад

Florida and Georgia rents ARE dropping!

@valerier4308 5 месяцев назад

I hope and pray rents decrease a lot!

@TheTrailmeister 5 месяцев назад

Not sure what market you’re speaking of here but the rental market in south Orange County California is red hot and supply is low. Rent rates are not coming down anytime soon

@stevesovring9725 5 месяцев назад

you are not looking in the right places

@FeelingPeculiar 5 месяцев назад

I literally just posted the same thing about the Colorado market. Red hot here still

@IIDASHII 5 месяцев назад

The market will always be hot in, and around, cities where there is little room to grow and lots of people. This is a given.

@jonathanhardy8683 5 месяцев назад

@@stevesovring9725 Yeah, he should be looking at Gaza Strip.

@jonathanhardy8683 5 месяцев назад

Try the Gaza Strip.

@ryanwalthuis1928 5 месяцев назад

And even when rates come down i doubt those accidental land lords sell then too. imagine if you buy a new property today at the high interest rate and use your 2.5 interest rate cash flow to offset the mortgage. you may be able to cover all your costs on the new house with the rent on the low interest house when you refinance your new place. they reduced supply on a already super tight inventory environment.

@absolutecrypto95 5 месяцев назад

Rent is almost 3k for a one bedroom in San diego 😂

@matttatkow1542 5 месяцев назад

Not experiencing this with our airbnbs. Every year up and up and up as we continue to improve guest experience.

@Kenny-xf7dm 5 месяцев назад

You said people are being born but left out the ones kicking the bucket. Rents are going back to normal and nowhere near low. They are above normal and coming down to normal. They're not there yet!

@gabriellegwen7365 5 месяцев назад

I’m in the NE, home prices are high, interests are high, I’ve been waiting for 2 years for something to give ☹️ should I just jump in or wait longer?

@warehouseinvestor5036 5 месяцев назад

i could watch danille talk about re all day

@jefferyg3504 5 месяцев назад

Why would falling supply decrease rents, if that means more demand for housing?

@viz8746 5 месяцев назад

If I owned "10,000 rentals" I'd be misrepresenting online about "rent cuts" as well! 😆

@codycast 5 месяцев назад

I own 1800 rental units. I don’t misrepresent about anything. Rents are down in 2024. But still well above 2022

@MatthewCBecker 5 месяцев назад

It depends on where you are. Mine are up in North Idaho but Boise is down. I have friends other places that are down. We are under build by 15 years here.

@dougg4633 5 месяцев назад

I only own 20 units in central Massachusetts. Mine are going up again this year

@juliedumont3417 4 месяца назад

Big shortage of rentals in Connecticut

@techserviceondemand9409 5 месяцев назад

I just caught this on another RU-vid channel, and it may be of general interest to anybody that's watching here. Apparently, and this was originally on a Las Vegas Fox News report, there is now a (multi) businesses that provide armed guard (private SWAT) to evict squatters out of vacant apartments. According to one of the owners of these businesses being interviewed. In some big complexes, there can be as many as 150 vacant units and people just move into them. At that kind of number, there is simply not enough law enforcement in Clark County to go after the squatters. That is simple astonishing.

@fred21185 4 месяца назад

If rents fail to rise as fast as property taxes, insurance and other skyrocketing cost, landlords can’t make it.

@Artbiz630 5 месяцев назад

Why didn't you reduce the rent before to avoid inflation?

@achag9273 5 месяцев назад

Rents rising big time in Philadelphia

@Jessicascleaningtips 5 месяцев назад

CHAFA loans are coming to California in April!! You can get 20% down up to 150,000 and they take 20% out when you sell. Sounds like a good deal to me. I didn't in the year 2000 and made 140,000 profit in 3 years

@analiapodboj8591 5 месяцев назад

That offer from the gov is awful. Can you imagine having to return that 20% plus 20% of your equity? Heck no 👎. Live within your means

@austinlargusasimplerealest6446 4 месяца назад

LOVE your content. But please stop saying AirBnB is getting crushed. Be clear. AirBnB Hosts who have no clue how to run or operate a business are getting crushed. Our revenue is up in our portfolio and is the most we've made. I'm in large groups of AirBnB Operators and we're all enjoying record highs.