This is really great, is it possible to zoom your camera shots in because I can barely see the whiteboard content. Lots of black space around the frame, would be nice to look at the content and read it better 🙏 thank you
Hey Ken, In regards to job growth a pattern that you should also look at is high wage job growth compared to low wage job growth. Data shows that majority of job growth in states like Florida are low wage low skilled jobs. Cyclical and coastal markets are about to take a hit due to low demand. Las Vegas and Orlando will take a huge hit due to their reliance on airbnb .Those states got hit the hardest in 2008. Migration patterns for college grads towards midsize cities like Austin, Raleigh, and Charlotte. You should look for well educated, positive population growth, low priced cities. Federal Reserve Economic Data shows that these cities barely took hit in housing prices during the 2008 recession. To all the viewers I recommend checking out citylab.com as well as the Federal reserve website on economic trends.
I said this as soon as we shut down... Arizona is in a good position. We are now going to be even more desirable after these riots... safer here all the way around 😊
Just read ABC’s of real estate investing. I feel like the book could use more updating on your strategies since real estate has evolved alot since the book released in the early 2,000s. Also I felt the book was written to RE investors that are looking to invest into multi million-dollar multifamily instead of the small time re investors that are interested in smaller more affordable properties. Still a great read though!
The domino effect of the post-pandemic markets and the effect it has on employment rates and work-related migration are going to be interesting, but also a great opportunity to make tremendous strides in your portfolio growth. Great video!
- baby boomers retiring / millennials buy smaller houses and houses later in life - less office space needed -deflationary effect due to lack of spending House prices are going down not up that’s all you need to know
Great video, I am learning alot from you and posititioning myself. Thank you.. Can you do a video on trends as to what type of properties to invest in going forward after covid =-19? Is commerical shopping centers stil ok to invest in?
Thank you Ken, great breakdown as always! I just finished listening to your ABC of Investing and bought the hardcopy. Great book with action steps! (highly recommended). Do you have an unabridged audio book for the ABC of Property Management?
Thank you sir for your informative videos. What do you recommend me to do in Ottawa Canada. I have left a deposit on newly builder house and iam rethinking now. So far the residential real estate are selling and the prices hasn't changed yet.
Nice cliff hanger at the end, I was waiting for you to tell us where the best state to invest in is. What you left out of this video is also about all the baby boomers who are turning 65 and will be retiring in mass over the next 10 years. Please evaluate Puerto Rico since it is a US Territory when you do your next analysis when you tell us which states you think are the best places to invest going forward in the future. -
I predict a huge building boom on the Big Island of Hawaii in the district of Puna. Because there's alot of large parcels available for reasonable prices and its still affordable to build. Plus there's alot of interest in farming or homesteading in this location with less than 150k residents (island wide)
That's what I've heard since 2011. Didn't happen. Still mostly swamplands and rocky rough land. I'm an active investor on Oahu. Interested in Maui and BI but haven't found anything profitable (Buy and Hold wise)
Retirement must have a reason to move. I also thought people would leave cities b/c of virus also work from home. This is where commercial real estate takes us down when mortgage payments ballon. But I'm not a real estate salesperson, not a college grad.yet I realized all these points two weeks ago.
The million dollar question is will the FED/Congress be able to prop up the real estate market when it gets hammered? No doubt they will try everything.
Interested in your views of the bay area which has a microclimate all of its own as well as a high usage of H1B. In the 2008 bust, the bay area was impacted but not nearly as much as surrounding states. With companies like Google, Facebook, Linkedin and more buying up chunks of commercial real estate to build campuses but now enabling WFH through 2020, how do you feel the commercial and residential markets will be impacted?
R G Off site working will deflate the Bay Area housing market, as techies move out of the area into more affordable places. Off site work will become an industry standard in the tech industry.
I don't understand trading. I have been working as sales rep for 5 years and just got laid off 3 days ago. I enjoy jobbing and I also realize that the right investments are more essential. I've got about $36k from my savings to invest in the financial market, but I'm still a beginner. I would appreciate any tips or pointers, thanks!
Buy low sell high. I wouldn’t put money in the market personally, it is rigged. Hard tangible assets. I’m in sales as well, look in to wholesaling and creative finance with real estate. Just my .02
True! But if you can buy a property that cash flows $500/mo, I would buy that still! I say $500/mo because both my properties are getting $500/mo, and $600/mo in pure cash flow!
Look up migration reports or moving trends, there are a few different sources he mentioned in the video. You could check the U-Haul migration report, net migration, census.gov to name a few
Grew up in AZ in the 1970s. It used to be nice. Now it's overrun with people, polluted (Valley), and hot as hell for six plus months. It's low tax state status has opened it up to mass immigration, which has ruined it. And it is getting bigger. Freeways not good. Another downside: termites in virtually every subdivision which have exacerbated as the area grows in size. Buying a home with termites and a termite warranty affects value. In my opinion, the "affordability" factor of AZ has ruined it.
This is what I gather from the video. People are like; let's move out of the fucked up areas (mostly progressive cities) and let's move to new areas (non progressives cities/states) and let's fucked them up as well....e.i. Austin, TX. Unfortunately, politics is what's driving the economic environment in the areas you mentioned in your video; so you can't factor that out of the equation.
There are people rushing out of big cities now, but many were fleeing big cities prior to the pandemic because of the high cost of living, and COVID 19 just accelerated the move. However, I don't believe this will be a permanent shift, because this virus will eventually run its course, and when this current depression hits bottom, people are going to head back to the big cities for jobs (as the cities are where the jobs are at, even with remote work/work from home), and because of the vibrant culture only big cities can provide.
luxury apartment leasing offices that wouldn't give you the time of day, are now giving you 1-3 months free for signing a 12 month lease. things are VERY VERY bad.
Here's a thought if everybody can work remotely why wouldn't you hire people in different states that their cost of living is less and then you pay them less as well they obviously pay people who live in California more money than they would say in Oklahoma that could be a trend that starts with employers they would save money as well
I also think if you are into commercial Real Estate, you should be buying up any empty standing drive-thru you building. Drive-thru is going to be the biggest takeout..just my opinion.
If your working from home for a company like Twitter, where ever they move too, they will have to have internet access. A T1 cable access is important. I know that many will want to use satellite connections, those connections are not as reliable as underground cables. The Tech savie will have that question of connectivity on they'er minds. As only an example, Barstow Ca. has T1 service, cheap real estate, easy access to highways. There are many place that fall into a similar position these are T1 hubs with easy connectivity to the internet, there are many communities that don't.
The trend is more and more companies are having its employees to work from home. HB-1 visa not necessary since more and more companies will be hiring workers that do not require them to be at the office. The new norm will be totally different for all.
Young people don't seem to care at all about covid. And they like cities. Night life, culture, convenience, etc. I don't see that changing. Remote working will just mean Starbucks and other businesses with wifi will be even more popular once SIP is lifted
Great stuff Ken, thanks for the videos! I have $ ready and waiting to pull the trigger on AZ - where I have a home in Scottsdale, and West TX, both have low taxes and landlord friendly. Any thoughts on the right timing - the million dollar question!
Great presentation.Sitting on the sidelines in the Bay Area as you mention these "ideas." Will be interesting to see where commercial and residential real estate hits come fall.
Absolutely not! Prices will most likely drop like a rock...Portland, Denver and Florida will also drop greatly. People are heading out of big cities and into the country areas.
I've lived here in Idaho for 3yrs now and the prices keep going up. A lot of California money. Constant construction in the Boise and surrounding communities. Not sure if it will slow down. Idaho is a big military state so a lot of people's pay and benefits aren't impacted. Not including all other state and other government workers or people on salaries. And to Californians prices here cheap. Idaho is a beautiful state and would love to live here but for a small time investor the numbers don't work. I'm moving back to the midwest.
Love your down to earth style. I run a real estate agency in Montenegro and the global economy has a massive affect on this market as it depends on tourism and mostly international buyers for real estate. Your videos help me formulate in my mind where Montenegro will be in the coming years. Actually, the picture overall is quite optimistic, given that Montenegro was the last country to get covid 19 and the 1st in Europe to be covid free. Life here with the restrictions was quite pleasant. Buyers wanting great weather and natural beauty and incredible tax rates will start to put Montenegro on their list of options. Thank you 😊
![ลองสั่งของจากแอพ temu ถูกจริงหรอ?? ( part : 1/2 ) [โกงไหมครับ ep.89 ] | DOM](http://i.ytimg.com/vi/RTcZSQTiDZw/mqdefault.jpg)
People move from high tax states to low tax states.....then elect the same types of politicians they had in the states they left.
Yeah it's funny how that works
This is really great, is it possible to zoom your camera shots in because I can barely see the whiteboard content. Lots of black space around the frame, would be nice to look at the content and read it better 🙏 thank you
I appreciate you sir for your willingness to share.
Your helping to make the world a better place.
I agree!
Your analysis, experience and perspective is much appreciated Ken, thank you! You also do a very nice job explaining all the in's and out's.
Agreed, I love Ken.
Thank you for walking the talk Ken,always giving your most precious "time."!!!
Agreed!
Ken, you're the best Real Estate expert on youtube!
Could be for the first time ever we see more people moving to other countries.
Great video Ken! Looking forward to future updates on the migration patterns!
Hey Ken,
In regards to job growth a pattern that you should also look at is high wage job growth compared to low wage job growth. Data shows that majority of job growth in states like Florida are low wage low skilled jobs. Cyclical and coastal markets are about to take a hit due to low demand. Las Vegas and Orlando will take a huge hit due to their reliance on airbnb .Those states got hit the hardest in 2008. Migration patterns for college grads towards midsize cities like Austin, Raleigh, and Charlotte. You should look for well educated, positive population growth, low priced cities. Federal Reserve Economic Data shows that these cities barely took hit in housing prices during the 2008 recession. To all the viewers I recommend checking out citylab.com as well as the Federal reserve website on economic trends.
Ken, great video and info. where can I find # 2 and # 3 of the 3 major trends?
Great content! Really gained a lot of perspective.
Same!
great video! thanks, Ken for producing these content. really enjoy watching your videos
Agreed!
Wow! Awesome video ken. Thanks for giving us your insights. Lets see where people migrate to next so we can start buying some real estate 😎💰🏡
65% are leaving Cali? All I see is large complex apartment homes going up everywhere in LA County.
Let's keep watching the next year and see what trends to conclude.
Same in San Diego. Every little land is being taken and build appartments
Michael Hewitt
California is a large state, look further outside of LA and SF, you’ll find the truth.
I said this as soon as we shut down... Arizona is in a good position. We are now going to be even more desirable after these riots... safer here all the way around 😊
Im costantly learning & I appreciate it
Just read ABC’s of real estate investing. I feel like the book could use more updating on your strategies since real estate has evolved alot since the book released in the early 2,000s. Also I felt the book was written to RE investors that are looking to invest into multi million-dollar multifamily instead of the small time re investors that are interested in smaller more affordable properties. Still a great read though!
As you said, still a great read!
The domino effect of the post-pandemic markets and the effect it has on employment rates and work-related migration are going to be interesting, but also a great opportunity to make tremendous strides in your portfolio growth. Great video!
This is a very informative video. Great content! This will help a lot of people who are into real estate business.
Great content as usual Ken,you get to the point.
Great information Ken!
Unbelievable breakdown!!!!
I think Tennessee is going to do very well.
Talking massive property tax hike in Nashville, still a good state to invest in. Centrally located, no income tax, jobs
Midwest states, Texas, and Florida are going to do well in my opinion!
Great video Ken .
Yes, lots of opportunity on the horizon! Elections will play a role as well, it going to get interesting as we head into year end.
- baby boomers retiring / millennials buy smaller houses and houses later in life - less office space needed -deflationary effect due to lack of spending House prices are going down not up that’s all you need to know
Ken. What's your view of South Florida as a whole?
Pure gold! Thanks for sharing. Where can we buy one of those 'Be Infinite' shirts?
Great video, I am learning alot from you and posititioning myself. Thank you.. Can you do a video on trends as to what type of properties to invest in going forward after covid =-19? Is commerical shopping centers stil ok to invest in?
Thank you Ken, great breakdown as always! I just finished listening to your ABC of Investing and bought the hardcopy. Great book with action steps! (highly recommended). Do you have an unabridged audio book for the ABC of Property Management?
How did Arizona and Iowa do in 2008? And how did NYC and CA do? Seems like maybe that would be a better place to start the analysis.
Tucson is still cheap and easy to live in. I dont blame you for leaving in the summer.
I've tried to find information on migration patterns through U-Haul with no luck. How is that information found, specifically?
Thanks for information .love from Nepal
Thank you sir for your informative videos. What do you recommend me to do in Ottawa Canada. I have left a deposit on newly builder house and iam rethinking now. So far the residential real estate are selling and the prices hasn't changed yet.
Prices will come down, give it 6-12 months. Don't believe the media saying prices won't come down.
Curious if you see a lot of downward pressure on a state like CA?
1,25 speed ...trust me..... ! oh and good.
Thanks
Thanks
Test Test 1.5 works fine for me
Haha good call!
Nice cliff hanger at the end, I was waiting for you to tell us where the best state to invest in is. What you left out of this video is also about all the baby boomers who are turning 65 and will be retiring in mass over the next 10 years. Please evaluate Puerto Rico since it is a US Territory when you do your next analysis when you tell us which states you think are the best places to invest going forward in the future. -
wj ebel
Puerto Rico = hurricanes. 👎🏼
I predict a huge building boom on the Big Island of Hawaii in the district of Puna. Because there's alot of large parcels available for reasonable prices and its still affordable to build. Plus there's alot of interest in farming or homesteading in this location with less than 150k residents (island wide)
That's what I've heard since 2011. Didn't happen. Still mostly swamplands and rocky rough land.
I'm an active investor on Oahu. Interested in Maui and BI but haven't found anything profitable (Buy and Hold wise)
Retirement must have a reason to move. I also thought people would leave cities b/c of virus also work from home.
This is where commercial real estate takes us down when mortgage payments ballon.
But I'm not a real estate salesperson, not a college grad.yet I realized all these points two weeks ago.
...and don't forget about the impact of civil unrest on high density markets.
The million dollar question is will the FED/Congress be able to prop up the real estate market when it gets hammered? No doubt they will try everything.
Also, all of the people moving to Idaho like rifles and wear plate carriers downtown.
Two thumbs up. Inspiring content. Recommended for several reasons, which are shared in the video. You are appreciated. Thanks!
Interested in your views of the bay area which has a microclimate all of its own as well as a high usage of H1B. In the 2008 bust, the bay area was impacted but not nearly as much as surrounding states. With companies like Google, Facebook, Linkedin and more buying up chunks of commercial real estate to build campuses but now enabling WFH through 2020, how do you feel the commercial and residential markets will be impacted?
R G
Off site working will deflate the Bay Area housing market, as techies move out of the area into more affordable places.
Off site work will become an industry standard in the tech industry.
Corona really throwing a wrench into everything
I thought Ken was living in Seattle area. I think I heard him saying that in one of his videos.
stop thinking XD
He probably has multiple houses.
In your opinion will Phoenix homes prices continue to rise? They're so high already.
I don't understand trading. I have been working as sales rep for 5 years and just got laid off 3 days ago. I enjoy jobbing and I also realize that the right investments are more essential. I've got about $36k from my savings to invest in the financial market, but I'm still a beginner. I would appreciate any tips or pointers, thanks!
Buy low sell high. I wouldn’t put money in the market personally, it is rigged. Hard tangible assets. I’m in sales as well, look in to wholesaling and creative finance with real estate. Just my .02
I feel like people need to wait and holdout until prices drop.... It's going happen, it's part of the real estate cycle...
True! But if you can buy a property that cash flows $500/mo, I would buy that still! I say $500/mo because both my properties are getting $500/mo, and $600/mo in pure cash flow!
Where do I find the map of the top states people want to move to? Found this really interesting!
Look up migration reports or moving trends, there are a few different sources he mentioned in the video. You could check the U-Haul migration report, net migration, census.gov to name a few
Grew up in AZ in the 1970s. It used to be nice. Now it's overrun with people, polluted (Valley), and hot as hell for six plus months. It's low tax state status has opened it up to mass immigration, which has ruined it. And it is getting bigger. Freeways not good. Another downside: termites in virtually every subdivision which have exacerbated as the area grows in size. Buying a home with termites and a termite warranty affects value. In my opinion, the "affordability" factor of AZ has ruined it.
This is what I gather from the video. People are like; let's move out of the fucked up areas (mostly progressive cities) and let's move to new areas (non progressives cities/states) and let's fucked them up as well....e.i. Austin, TX. Unfortunately, politics is what's driving the economic environment in the areas you mentioned in your video; so you can't factor that out of the equation.
Amazing Video Ken! as Always! looking forward for new videos
As am I!
There are people rushing out of big cities now, but many were fleeing big cities prior to the pandemic because of the high cost of living, and COVID 19 just accelerated the move. However, I don't believe this will be a permanent shift, because this virus will eventually run its course, and when this current depression hits bottom, people are going to head back to the big cities for jobs (as the cities are where the jobs are at, even with remote work/work from home), and because of the vibrant culture only big cities can provide.
luxury apartment leasing offices that wouldn't give you the time of day, are now giving you 1-3 months free for signing a 12 month lease. things are VERY VERY bad.
Thanks Ken McElroy. Okay?!!
Here's a thought if everybody can work remotely why wouldn't you hire people in different states that their cost of living is less and then you pay them less as well they obviously pay people who live in California more money than they would say in Oklahoma that could be a trend that starts with employers they would save money as well
How do you only have 44k Subscribers?!? Great Material..!
Great video as always! Thank you so much 🌸
Ken always on point!
James Holloway yes he is! Such a big help that people like him spending so much time to make videos to educate us! Thank you!
Migration patterns.. yes Austin Texas
Nice one!
Hi Ken, what type of electronic white board are you using for this presentation?
Great video! Keep sending them. Thanks a lot
Totally agree!
Is there a video for 1st time remote investing in real estate?
Not trying to promote myself here BUT I only invest in remote real estate, and I teach it and share my experiences on my TH-cam channel LOL
I also think if you are into commercial Real Estate, you should be buying up any empty standing drive-thru you building. Drive-thru is going to be the biggest takeout..just my opinion.
Why is Florida not a desirable destination? Because it’s Hot climate ? I thought taxes were lower than Texas
👊👊
If your working from home for a company like Twitter, where ever they move too, they will have to have internet access. A T1 cable access is important. I know that many will want to use satellite connections, those connections are not as reliable as underground cables. The Tech savie will have that question of connectivity on they'er minds. As only an example, Barstow Ca. has T1 service, cheap real estate, easy access to highways. There are many place that fall into a similar position these are T1 hubs with easy connectivity to the internet, there are many communities that don't.
Facebook is allowing employees who meet certain performance standards to work from home forever. However, they will be "localizing" your salary.
The trend is more and more companies are having its employees to work from home. HB-1 visa not necessary since more and more companies will be hiring workers that do not require them to be at the office. The new norm will be totally different for all.
Florida has favorable taxes
Another great video.....looking forward to future videos......thank you!
Great video! What are your thoughts about investing in Las Vegas, NV?
Ball of Confusion...
Young people don't seem to care at all about covid. And they like cities. Night life, culture, convenience, etc. I don't see that changing. Remote working will just mean Starbucks and other businesses with wifi will be even more popular once SIP is lifted
What's SIP? I'm bad with acronyms.
Where can we buy the shirt?
I have never thought about so many options that people are thinking about when they want to move to another state.
Great information
Ken, what is your opinion about migration to Florida?
Great stuff Ken, thanks for the videos! I have $ ready and waiting to pull the trigger on AZ - where I have a home in Scottsdale, and West TX, both have low taxes and landlord friendly. Any thoughts on the right timing - the million dollar question!
Great video thank you
Agreed!
Great presentation.Sitting on the sidelines in the Bay Area as you mention these "ideas." Will be interesting to see where commercial and residential real estate hits come fall.
One thing no one is paying attention to. If interest rates explode all asset classes will go down.
Is it your opinion Phoenix & the vicinity, home prices will just continue escalate? They're priced so high already.
Absolutely not!
Prices will most likely drop like a rock...Portland, Denver and Florida will also drop greatly. People are heading out of big cities and into the country areas.
*Maybe Employee's*
*Become Virtual Contractors*
Ken, I really like the way you derive meaning from data that is publicly available but not used or even thought about it that way by most.
What's your definition you of 'progressive states'?
i like your setup
Thank you for continuing to offer your insights and expert analysis on the RE market!
You are a great teacher.
I’m learning so much! Thank you.
Opening my eyes
great content
Great video Ken!
He is always doing amazing on his videos!
Riot would be another reason to the move to rural areas.
I've lived here in Idaho for 3yrs now and the prices keep going up. A lot of California money. Constant construction in the Boise and surrounding communities. Not sure if it will slow down. Idaho is a big military state so a lot of people's pay and benefits aren't impacted. Not including all other state and other government workers or people on salaries. And to Californians prices here cheap. Idaho is a beautiful state and would love to live here but for a small time investor the numbers don't work. I'm moving back to the midwest.
You in Boise or up north?
Wish this guy would stop saying 'OK?'
Love your down to earth style. I run a real estate agency in Montenegro and the global economy has a massive affect on this market as it depends on tourism and mostly international buyers for real estate. Your videos help me formulate in my mind where Montenegro will be in the coming years. Actually, the picture overall is quite optimistic, given that Montenegro was the last country to get covid 19 and the 1st in Europe to be covid free. Life here with the restrictions was quite pleasant. Buyers wanting great weather and natural beauty and incredible tax rates will start to put Montenegro on their list of options.
Thank you 😊
Brilliant, thanks for sharing!
😂Ken is being the real estate weather man.
20 minutes of maybes and what ifs...