New York froze rent on 1 million apartments. Here’s what happens next.
New York City just froze rent for two years on roughly 1 million apartments. That covers about 40% of the city’s rental supply. On the surface, it sounds like a win for renters. But the policy trades a short-term gain for long-term pain. Why politicians love rent freezes Nobody boos a rent freeze. No politician...
If the Fed has to choose between inflation and a crash, here’s what happens
Chris Martenson of Peak Prosperity joined Ken and Danille McElroy for a wide-ranging conversation about debt, oil, inflation, and AI. His core message: the US is at the tail end of a very long credit cycle, and the pressure is building from every direction. Here are the biggest takeaways. The debt problem is bigger than...
The Dollar Is Going Higher, Rates Are Going Lower, And Real Estate Is About To Change Forever
Why one macro expert says rates are heading down and the dollar is heading up Interest rates. The dollar. Distressed real estate deals selling for pennies on the dollar. Macro analyst George Gammon joined Ken McElroy and Tarl Yarber for a wide-ranging conversation on where the economy goes next, and his answers were direct. Here’s...
Congress passed the biggest housing bill in 40 years. What the bill actually does.
The 21st Century ROAD to Housing Act cleared the Senate 85-5 and the House 358-32. Those are numbers you don’t see in Washington anymore. And for a moment, it looked like the country was finally getting its first serious housing legislation since Ronald Reagan was in office. On Wednesday morning, the White House announced the...
The Job You Have Today Might Not Be the Job You Have Tomorrow
Inflation has been the big story for 5 years. But something is quietly replacing it as the thing Americans are most worried about. Polls now show more people are afraid of losing their job than they are of rising prices. And that shift matters a lot more than most people realize. Here’s the thing about...
The Market Conditions That Only Come Twice in a Generation
Thirty years. Roughly $2 billion in assets. About 10,000 apartment units across the western U.S. When someone with that kind of track record says a window is opening, it’s worth paying attention. And right now, that window is open. How we got here In 2021, money was almost free. Mortgage rates sat below 3%, and...
Why the Best Investors Focus on Process Instead of Predictions
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...
The Hidden Cost Crushing Real Estate Returns: Rising Insurance Premiums
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 Fed Just Changed the Rules, Here’s What It Means for Your Money
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...
Why Lower Mortgage Rates Still Aren’t Bringing Buyers Back
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
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...
The Hidden Danger of Inflation Nobody’s Pricing In
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...
Three Lessons after 30 years and 10,000 tenants
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...
The Capital Stack: Who Gets Paid First (and Why It Matters to You)
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...
The Ownership Trap: Why Your Subscriptions Are Making You Poor
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,...
Financial Fundamentals: What’s Actually Makes Up an Interest Rate
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...
Why Passive Income in Real Estate Is Harder Than Most People Think
Passive income is one of the most powerful ideas in real estate investing. It represents freedom, flexibility, and the ability to generate wealth without trading time for money forever. But somewhere along the way, the concept became oversimplified. Social media turned passive income into a lifestyle slogan, making real estate investing appear effortless once the...
The Psychology of Successful Real Estate Investors
Real estate investing is often viewed as a numbers game. Investors spend years learning about cap rates, financing structures, market cycles, and underwriting models. But over time, most experienced investors realize that success in real estate depends just as much on psychology as it does on analytics. Markets fluctuate, deals fail, and uncertainty is constant....
