Why America's Biggest Landlord Is Dumping Homes

About this episode

Mikey and Michael discuss the current state of the US housing market and the implications for Gen Z renters.

In this episode, Mikey and Michael break down the seismic shifts happening in US housing right now: the $17,000 tariff cost now baked into every new home, why building permits just hit their lowest level since 2019, and why fix-and-flip ROI has collapsed back to 2008 levels. Then they turn the conversation toward the group nobody is defending Gen Z. With 46 million US households now renting (an all-time high), and three out of four Gen Z renters saying renting is the smarter move, the hosts debate whether the homeownership ladder is actually broken, or whether this is the biggest generational reframe in fifty years.Along the way: why BRRR is quietly replacing flips, the difference between seller financing and subject-to deals (and which one Michael thinks is “dirty”), the 40x net worth gap between homeowners and renters, and the one question you should consider asking before you buy a house which, according to Michael, almost nobody asks.

People in this episode

Host: Mikey Taylor

Guest: Michael

Topics covered

• US housing market
• Gen Z renting
• homeownership
• real estate investment
• building permits
• fix-and-flip ROI

Keywords

• housing market
• Gen Z
• renting
• homeownership
• BRRR
• fix-and-flip
• building permits
• ROI
• tariff cost

Mentioned in this episode

Organizations: Gen Z, BRRR, US

More episodes of LIFE WITH MIKEY

• The Truth About the $1,000 Trump Account · June 9, 2026 · 18 min
• Mikey Taylor: The Truth About Selling Your Business · June 2, 2026 · 35 min
• I Almost Believed Graham Stephan · May 18, 2026 · 35 min
• Why $500,000 Per Door Is Breaking LA Housing · May 12, 2026 · 50 min
• Why This Housing Market Is Not 2008 · May 5, 2026 · 28 min
• The Housing Market Is Broken Into 3 Parts · April 21, 2026 · 37 min