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Episode Info: You contribute to homelessness. I do too. The problem goes right through real estate. Factors include: NIMBYism, minimum wage, salamanders, smoke detectors, and rent control. (Complete transcript on homelessness segment below.) Then, Chicago is a world class city with lots of economic diversification. Chicagoland’s numbers make sense for real estate investors. In northwestern Indiana (suburban Chicago), you avoid the high cost of Illinois property.  A typical SFH has $1,350 rent and a $125,000 purchase price. If you’re serious about building your cash-flowing portfolio, learn more and see property at: Resources mentioned: Chicagoland turnkey property: Environmental regulations & housing: NIMBYism: Mortgage Loans: QRPs: text “QRP” in ALL CAPS to 72000 or: By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: Best Financial Education: Top Properties & Providers: Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Welcome to Get Rich Education! I’m your host, Keith Weinhold, with a two-part show. Real estate is a substantial input into homelessness. Why are people homeless - and why might you & I be partly RESPONSIBLE for it, in fact?   The second part - in general, world class cities don’t make any sense to invest in for cash flow - New York, LA, DC, London, Singapore … but we’re going to discuss one “world class” city that actually DOES. Today, on Get Rich Education. __________________   Here it is - hey! You’re inside GRE. From Sarasota, Florida to Sarajevo - in Bosnia and Herzegovina - and across 188 nations worldwide.    I’m Keith Weinhold, this is Get Rich Education.   Even in the affluent United States, there is a large and growing population of vagrants - homeless people … more than half a million of them … and you & I … unknowingly play a role in keeping them homeless.   Why are people homeless? Well, the #1 reason is real estate-related. So that’s why I’m talking about it in the first of two show segments here.   Let’s look at the Top 5 cited reasons that people are homeless.   5th most common - Substance abuse - drugs. 4th - Mental illness. 3rd - Poverty ...OK, that’s sort of an obvious one. 2nd - Unemployment 1st - Lack of affordable housing   Lack of affordable housing is the #1 reason that people are homeless. Well, one mission here at GRE is that we PROVIDE society with affordable housing.   But, it’s generally not the same kind of Class D, lowest-end housing that there is - and that homeless people are looking to get into.    We focus on properties just ...
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