Join Ken & Danille as they discuss why renting is currently cheaper than owning. They will discuss the following factors impacting the housing market: a lack of available houses keeping sale prices high, increasing supply of apartments stabilizing rent prices, historically high mortgage interest rates leading to expensive monthly payments, affordability challenges for first-time buyers with high home prices and down payments, low personal savings rates, and rising costs associated with homeownership such as property taxes, insurance, and maintenance expenses. The concept of 'renter nation' refers to a growing trend where more people choose to rent instead of own, influenced by these economic and market factors.

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Visit Ken's Bookstore: https://kenmcelroy.com/books

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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. 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.

Ken's company: https://mccompanies.com

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DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.

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