Every investor wants to know what happens next. Will mortgage rates fall? Is a recession coming? Are home prices going up or down? Which markets will outperform? These questions dominate headlines, podcasts, and social media because predicting the future feels like an advantage. But after decades of investing, many of the most successful real estate...
Ken McElroy’s Real Estate Edge
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For years, real estate investors focused on the usual drivers of returns: rent growth, occupancy, financing costs, and property appreciation. Insurance was often treated as a predictable operating expense—a line item that rarely received much attention during underwriting. That assumption no longer holds true. In 2026, insurance costs have become one of the fastest-growing expenses...
The Federal Reserve made headlines this week, and not because they cut rates. In fact, they didn’t cut anything. But what happened at Chairman Kevin Warsh’s first Fed meeting on Wednesday may be one of the most important shifts in how America’s central bank operates in over a decade. The message was clear: the rules...
For the last several years, real estate investors, homebuyers, and economists have all focused on one question: when mortgage rates finally come down, will housing demand return? The conventional wisdom has been straightforward. Higher rates reduced affordability, sidelined buyers, and slowed transaction activity. Therefore, lower rates should naturally bring demand back into the market. But...
It’s Not What You Earn, It’s What You Own
June 11, 20260
There’s a story that explains more about wealth in America than most economic reports combined. A house bought in the 1960s for $10,700. The buyer wasn’t an investor. Just someone who lived in it, maintained it, and let time do the rest. Today that house is worth around $750,000, and it’s now paying for assisted...
Why your boss’s raise request might be more dangerous than it sounds In the early 1970s, something strange started happening in America. Workers asked for raises not because their bosses were suddenly generous, but because everyone just knew prices were going up next year anyway. So businesses gave the raises. Then they raised prices to...
Most landlords think real estate is passive. Buy a property, collect rent, done. Then a tenant smoking with an oxygen tank blows out an apartment, sending fire through 17 units. Or a family unfamiliar with US kitchens cuts a hole in the floor to build a charcoal pit, and a different property loses 35 units...
If you’ve ever invested in a real estate deal as a limited partner, someone handed you a document that listed your position in the investment. Maybe they called it “preferred equity” or “common equity.” Maybe they mentioned a “senior loan” from a bank. Most people nod along and sign. They don’t really know what those...
Ken and Danille walk through why the shift from ownership to subscription culture is the most important financial decision most people aren’t paying attention to. The American dream used to mean owning things. A house. A car. A stereo system your dad saved 2 years to buy. Now it means paying $15/month for music,...
Most people look at an interest rate as a single number. It’s not. It’s a stack of risks, each one priced separately, layered on top of each other before a lender will hand over a dollar. Once you understand what’s inside the number, you start to see why rates differ between a U.S. Treasury and...
