If you remember, there’s been major hits to the economy over the years. First, there was the 1980’s savings and loan crisis. Then, in 1987, the stock market crashed and the Dow Jones index lost 23% of its value. The next major event was the dotcom bubble and subsequent crash from 1999 to 2000. And the most recent event was the global financial crisis in 2007-08, which was triggered by the subprime mortgage crisis and the collapse of the U.S. housing bubble. This is the time it’s different. Today’s guest explains how this real estate market is different than before and what you can do about it.
Ken McElroy, author of "ABCs of Real Estate Investing" says, “The inflation rate was 9.1% in June, it’s 7% now. They’ve raised interest rates six times and it’s only gone down two percent.” The good news, as Ken explains, is you can make money no matter what happens in the economy. The key is investing only where it makes sense and investing for cash flow.
Host Robert Kiyosaki and guest Ken McElroy discuss threats and opportunities in real estate investing in 2023.
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