1 00:00:00,360 --> 00:00:02,560 Speaker 1: Am I the only person who didn't buy anything on 2 00:00:02,640 --> 00:00:05,000 Speaker 1: Black Friday or Cyber Monday. 3 00:00:06,000 --> 00:00:07,600 Speaker 2: I just I didn't. 4 00:00:08,039 --> 00:00:10,360 Speaker 1: I did some small business stuff over the weekend, which 5 00:00:10,400 --> 00:00:13,600 Speaker 1: was hard because it's rough weather in Indianapolis, I mean 6 00:00:13,680 --> 00:00:15,800 Speaker 1: all the Midwest, just the snow and everything else has 7 00:00:15,800 --> 00:00:19,159 Speaker 1: been a mess. Tony Katz, Tony Katz today, good to 8 00:00:19,160 --> 00:00:22,000 Speaker 1: be here, good to be with you. Find everything over 9 00:00:22,120 --> 00:00:23,840 Speaker 1: at Tony Katz dot com. 10 00:00:24,520 --> 00:00:25,040 Speaker 2: But I didn't. 11 00:00:25,079 --> 00:00:28,360 Speaker 1: I was talking about the numbers yesterday and how mind 12 00:00:28,400 --> 00:00:33,080 Speaker 1: scrambled they were. You know, they're expecting eighteen billion dollars, 13 00:00:33,800 --> 00:00:41,559 Speaker 1: eighteen billion dollars of spend for Black Friday. That's that 14 00:00:41,720 --> 00:00:48,320 Speaker 1: is crazed stuff. That's a tremendous amount of loot. And 15 00:00:48,400 --> 00:00:50,840 Speaker 1: I'm only concerned that it's going to mean that that's 16 00:00:50,880 --> 00:00:55,040 Speaker 1: the end of the spending, like we won't see spending 17 00:00:55,120 --> 00:00:57,920 Speaker 1: going forward, because when we look at this economy, you 18 00:00:57,920 --> 00:01:01,640 Speaker 1: can tell me that, oh, the spending means everything's great. 19 00:01:01,800 --> 00:01:05,000 Speaker 1: I just again, I will tell you I am not 20 00:01:05,280 --> 00:01:08,120 Speaker 1: there as I talk to you right now. 21 00:01:09,319 --> 00:01:09,920 Speaker 2: Gold is. 22 00:01:11,520 --> 00:01:16,040 Speaker 1: Basically playing in this forty two hundred dollars range. 23 00:01:16,440 --> 00:01:19,520 Speaker 2: Silver is still fifty seven dollars. Those are both prices 24 00:01:19,560 --> 00:01:20,000 Speaker 2: per ounce. 25 00:01:20,800 --> 00:01:25,400 Speaker 1: These numbers are huge, and that's all aheage against inflation. 26 00:01:25,560 --> 00:01:25,880 Speaker 2: So I. 27 00:01:27,680 --> 00:01:30,520 Speaker 1: Have questions about what these spend numbers mean. And then 28 00:01:31,080 --> 00:01:36,080 Speaker 1: here's a story apartment rents drop further. I'm sorry, I 29 00:01:36,120 --> 00:01:39,800 Speaker 1: thought there was a housing crisis. I have been told 30 00:01:40,120 --> 00:01:45,399 Speaker 1: there's an affordability crisis and a housing crisis. The national 31 00:01:45,480 --> 00:01:54,600 Speaker 1: median rent in America fell one percent between October November, 32 00:01:56,160 --> 00:01:59,360 Speaker 1: and the national multi family vacancy rate was seven point 33 00:01:59,400 --> 00:02:03,800 Speaker 1: two percent, which is a record high. So they've been 34 00:02:03,800 --> 00:02:08,000 Speaker 1: building these multifamily homes going crazy. They're now pulling back 35 00:02:10,120 --> 00:02:14,880 Speaker 1: and because you don't need as many. So I was 36 00:02:14,960 --> 00:02:17,360 Speaker 1: told we have an issue. Well, maybe we don't have 37 00:02:17,400 --> 00:02:19,640 Speaker 1: an issue. Maybe it's a question of where we have 38 00:02:19,720 --> 00:02:23,840 Speaker 1: an issue. Apartments rents are down one point one percent 39 00:02:24,120 --> 00:02:26,880 Speaker 1: from November twenty twenty four and fall on five point 40 00:02:26,960 --> 00:02:29,800 Speaker 1: two percent from their twenty twenty two peak. 41 00:02:32,880 --> 00:02:33,840 Speaker 2: Well, what does this tell me? 42 00:02:34,800 --> 00:02:39,960 Speaker 1: Does this tell me that this is a good economy 43 00:02:40,040 --> 00:02:42,639 Speaker 1: and everyone's bought their house and they don't need to rent, 44 00:02:43,200 --> 00:02:47,359 Speaker 1: or does this tell me it's an absolutely horrific comedy economy. 45 00:02:47,639 --> 00:02:50,359 Speaker 1: Three or four people are living in the same apartment 46 00:02:50,440 --> 00:02:53,880 Speaker 1: to save money and therefore there are more apartments available, 47 00:02:54,600 --> 00:02:56,320 Speaker 1: more kids are living at home with. 48 00:02:56,400 --> 00:02:57,200 Speaker 2: Mom and dad. 49 00:02:59,639 --> 00:03:06,240 Speaker 1: How how does one read this information now? The CNBC 50 00:03:06,520 --> 00:03:09,760 Speaker 1: article discusses the issue with trying to form new households 51 00:03:10,360 --> 00:03:12,040 Speaker 1: that eighteen to thirty. 52 00:03:11,720 --> 00:03:12,680 Speaker 2: Four year old group. 53 00:03:12,760 --> 00:03:15,480 Speaker 1: This according to Grant Montgomery, who is with a group 54 00:03:15,520 --> 00:03:19,519 Speaker 1: called co Stars, the national director of Multifamily Analytics, I 55 00:03:19,560 --> 00:03:20,720 Speaker 1: didn't even know that was a job. 56 00:03:22,680 --> 00:03:23,240 Speaker 2: It's up to. 57 00:03:23,240 --> 00:03:25,840 Speaker 1: Thirty two point five percent of those now are living 58 00:03:25,880 --> 00:03:28,400 Speaker 1: with family, and that's the highest it's been in a while. 59 00:03:28,480 --> 00:03:30,799 Speaker 2: So that answers the question, or at least it could. 60 00:03:31,680 --> 00:03:35,000 Speaker 1: And what does this connect to? This connects to a 61 00:03:35,160 --> 00:03:40,320 Speaker 1: younger generation not connecting at all. Guys aren't meeting girls, 62 00:03:40,400 --> 00:03:44,080 Speaker 1: girls aren't meeting guys. Nobody's having sex, nobody's getting married, 63 00:03:44,160 --> 00:03:48,240 Speaker 1: nobody's building families. And if no one's building a family, 64 00:03:48,680 --> 00:03:49,120 Speaker 1: no one. 65 00:03:49,000 --> 00:03:52,280 Speaker 2: Needs a place to move to. And if no one 66 00:03:52,320 --> 00:03:53,160 Speaker 2: needs a place to. 67 00:03:53,080 --> 00:03:57,960 Speaker 1: Move to, you've got more apartments, more townhouses, more multifamilies, 68 00:03:58,280 --> 00:04:01,800 Speaker 1: more starter homes available. Although a starter home is a 69 00:04:01,800 --> 00:04:04,400 Speaker 1: hard thing to find, no matter what, that's. 70 00:04:04,200 --> 00:04:07,440 Speaker 2: What it means. We look at this as an economic thing. 71 00:04:07,600 --> 00:04:09,440 Speaker 2: This is a horrifying cultural number. 72 00:04:11,040 --> 00:04:14,640 Speaker 1: They're not meeting, they're not getting together, they're not getting 73 00:04:14,680 --> 00:04:15,320 Speaker 1: their freak on. 74 00:04:17,279 --> 00:04:18,839 Speaker 2: And you say to me, Tony, you don't have to 75 00:04:18,839 --> 00:04:19,440 Speaker 2: be so crude. 76 00:04:19,480 --> 00:04:22,840 Speaker 1: I'm gonna say to you again, I have no issue 77 00:04:23,000 --> 00:04:27,320 Speaker 1: with somebody waiting until marriage and and and being a virgin. 78 00:04:27,480 --> 00:04:30,600 Speaker 1: All of that I think is fine and actually normal. 79 00:04:31,920 --> 00:04:33,599 Speaker 1: This idea that you got to be a play and 80 00:04:33,600 --> 00:04:35,560 Speaker 1: you got to be doing this. You got what's your 81 00:04:35,560 --> 00:04:36,239 Speaker 1: body count? 82 00:04:36,360 --> 00:04:37,280 Speaker 2: Dear lord. 83 00:04:39,640 --> 00:04:44,360 Speaker 1: If I if I'm a twenty something and I'm interested 84 00:04:44,440 --> 00:04:46,680 Speaker 1: in a woman who's going to answer that question about 85 00:04:46,680 --> 00:04:47,760 Speaker 1: her body count. 86 00:04:47,480 --> 00:04:47,920 Speaker 2: I'm out. 87 00:04:49,000 --> 00:04:54,440 Speaker 1: I'm out. If you're not counting bodies, you're not counting value. 88 00:04:54,960 --> 00:05:00,880 Speaker 2: There it is. I didn't say be a prude. I 89 00:05:00,880 --> 00:05:02,200 Speaker 2: didn't say be afraid. 90 00:05:03,040 --> 00:05:08,920 Speaker 1: There's a difference between a philosophical or religious point of 91 00:05:09,000 --> 00:05:10,880 Speaker 1: view and fear. 92 00:05:12,160 --> 00:05:14,719 Speaker 2: And part of the issue is fear. 93 00:05:15,680 --> 00:05:20,200 Speaker 1: Kids afraid to date, kids afraid of relationships. 94 00:05:19,560 --> 00:05:20,839 Speaker 2: Kids afraid of sex. 95 00:05:21,160 --> 00:05:25,359 Speaker 1: Now, part of that is also the culture that engages 96 00:05:25,400 --> 00:05:29,880 Speaker 1: this idea of toxic masculinity. All you terrible liberal women 97 00:05:29,920 --> 00:05:31,920 Speaker 1: out there who want to yell at men and scream 98 00:05:31,920 --> 00:05:36,360 Speaker 1: at men, and men are terrible. You're awful, and shame 99 00:05:36,440 --> 00:05:40,920 Speaker 1: on you and shame on us forever allowing those disgusting 100 00:05:41,000 --> 00:05:43,600 Speaker 1: women to have an effect on. 101 00:05:43,560 --> 00:05:49,240 Speaker 2: Our young men. But it didn't. They're afraid, not all 102 00:05:49,240 --> 00:05:50,640 Speaker 2: of them, but enough. 103 00:05:52,720 --> 00:05:57,160 Speaker 1: And I can't tell you that every woman out there 104 00:05:57,240 --> 00:05:58,880 Speaker 1: is like, well, you have to do this and you 105 00:05:58,880 --> 00:06:03,799 Speaker 1: have to do that. Here's stories anecdotally about young women, 106 00:06:04,960 --> 00:06:08,440 Speaker 1: seniors in high school into college, very demanding. Well, if 107 00:06:08,440 --> 00:06:10,200 Speaker 1: we're gonna date it, we're gonna be together, you have 108 00:06:10,240 --> 00:06:11,359 Speaker 1: to do this, you have to do this, you have 109 00:06:11,400 --> 00:06:14,279 Speaker 1: to do this. So that kind of ends relationships where 110 00:06:14,279 --> 00:06:17,520 Speaker 1: there are these demands that are happening. That's different than 111 00:06:17,560 --> 00:06:19,840 Speaker 1: whether or not you have a value for yourself and 112 00:06:21,320 --> 00:06:24,360 Speaker 1: you're looking for in the longer term relationship, who's going 113 00:06:24,400 --> 00:06:25,120 Speaker 1: to be a provider. 114 00:06:25,240 --> 00:06:26,640 Speaker 2: That's a different conversation. 115 00:06:27,760 --> 00:06:30,359 Speaker 1: But the demands on dating, I need gifts and you 116 00:06:30,400 --> 00:06:31,960 Speaker 1: have to take me out and you have to spend this. 117 00:06:32,360 --> 00:06:36,520 Speaker 1: I have heard these things repeatedly enough so that I 118 00:06:36,600 --> 00:06:40,120 Speaker 1: believe it to be in some ways true. So you 119 00:06:40,200 --> 00:06:43,960 Speaker 1: have unrealistic demands, possibly from some women. You have this 120 00:06:44,120 --> 00:06:48,400 Speaker 1: belief in other women that men are the problem and 121 00:06:48,400 --> 00:06:50,560 Speaker 1: men are wrong and that anything a man does that 122 00:06:50,600 --> 00:06:51,839 Speaker 1: you don't like, well, that's. 123 00:06:51,640 --> 00:06:53,000 Speaker 2: A reason to ruin their lives. 124 00:06:53,200 --> 00:06:54,840 Speaker 1: And you say to me that isn't true, and all 125 00:06:54,880 --> 00:06:58,120 Speaker 1: over the place, I agree, but it certainly is enough 126 00:06:58,160 --> 00:07:01,200 Speaker 1: of a story to keep guys from being interested. 127 00:07:02,160 --> 00:07:03,960 Speaker 2: And then they give up and they say, what's the 128 00:07:03,960 --> 00:07:09,040 Speaker 2: point of it all? I've got video games, AI and porn. 129 00:07:09,960 --> 00:07:11,080 Speaker 2: I'm good. 130 00:07:11,600 --> 00:07:16,520 Speaker 1: I don't need that, and you need that you do 131 00:07:17,840 --> 00:07:21,920 Speaker 1: some massive, massive issue. And I don't want liberal women 132 00:07:21,960 --> 00:07:23,960 Speaker 1: getting out of this conversation unscathed. 133 00:07:24,440 --> 00:07:26,720 Speaker 2: What you did in schools and as. 134 00:07:26,760 --> 00:07:33,640 Speaker 1: Educators and in culture is downright disgusting, disgusting, and we're 135 00:07:33,640 --> 00:07:37,400 Speaker 1: all paying a price for it, paying an absolutely terrible, 136 00:07:38,080 --> 00:07:43,200 Speaker 1: terrible price for it in our society. I do not 137 00:07:43,600 --> 00:07:48,800 Speaker 1: think there's anything wrong with saying I'm saving myself for marriage. 138 00:07:48,800 --> 00:07:51,160 Speaker 1: You go right ahead. I don't think there's anything wrong 139 00:07:51,200 --> 00:07:56,280 Speaker 1: with having experiences either, Never have I've discussed this with 140 00:07:56,360 --> 00:07:56,840 Speaker 1: my children. 141 00:07:56,880 --> 00:07:59,560 Speaker 2: However, you want to play it, you play it. There 142 00:07:59,600 --> 00:08:02,720 Speaker 2: is no there are no rules here. You're not more 143 00:08:02,760 --> 00:08:03,640 Speaker 2: of a man if you do this. 144 00:08:03,720 --> 00:08:05,120 Speaker 1: You're not less of a man. If you do that, 145 00:08:05,480 --> 00:08:12,000 Speaker 1: that's not real. What matters is you're not afraid. What 146 00:08:12,160 --> 00:08:15,000 Speaker 1: matters is you are not afraid to say hello, You're 147 00:08:15,040 --> 00:08:16,640 Speaker 1: not afraid to ask the one out on a date. 148 00:08:16,880 --> 00:08:22,520 Speaker 1: You're not afraid to take a shot. You can't be afraid. 149 00:08:24,080 --> 00:08:28,800 Speaker 1: That is the killer. That sense of strength, that sense 150 00:08:28,840 --> 00:08:37,320 Speaker 1: of conviction, that sense of confidence. Confidence is everything. It 151 00:08:37,400 --> 00:08:40,439 Speaker 1: isn't looks and it isn't money, although looks don't hurt 152 00:08:40,480 --> 00:08:46,959 Speaker 1: and money always helps. It's confidence, it's strength. In that way, 153 00:08:47,640 --> 00:08:50,600 Speaker 1: that's what matters, because this isn't just about your dating life. 154 00:08:50,640 --> 00:08:54,040 Speaker 1: It's about your whole life. And that is not something 155 00:08:54,080 --> 00:08:56,480 Speaker 1: that gets brought up, that doesn't get discussed, it doesn't 156 00:08:56,480 --> 00:09:00,640 Speaker 1: get moved. And this number, I take a look at 157 00:09:00,640 --> 00:09:04,400 Speaker 1: this housing, I say, this is not a conversation about 158 00:09:04,440 --> 00:09:10,600 Speaker 1: the economy. This is a conversation about culture. Maybe when 159 00:09:10,640 --> 00:09:12,440 Speaker 1: we take a look at the buying on Black Friday, 160 00:09:12,440 --> 00:09:14,560 Speaker 1: and more luxury goods were purchased and less goods were 161 00:09:14,600 --> 00:09:17,480 Speaker 1: purchased overall, that's also a conversation about culture. 162 00:09:18,559 --> 00:09:19,800 Speaker 2: I do not need crap. 163 00:09:20,520 --> 00:09:23,920 Speaker 1: I wants quality, and I'll therefore have less, but I'll 164 00:09:23,920 --> 00:09:27,959 Speaker 1: have better things. Man, do I love that minimalists everywhere 165 00:09:27,840 --> 00:09:31,840 Speaker 1: are cheering. I am not a minimalist, but I'm married 166 00:09:31,840 --> 00:09:33,920 Speaker 1: to one, so there's a little bit of de facto, 167 00:09:34,960 --> 00:09:37,160 Speaker 1: which is fine because it means less clutter in my 168 00:09:37,200 --> 00:09:40,000 Speaker 1: life and I'm cool with that. Now. The people are 169 00:09:40,040 --> 00:09:42,480 Speaker 1: the people who are married to vegans and therefore they 170 00:09:42,520 --> 00:09:45,040 Speaker 1: have to be a vegan at home. Oh that's just 171 00:09:45,480 --> 00:09:48,240 Speaker 1: that's just miserable. And then you're out with them and 172 00:09:48,240 --> 00:09:49,880 Speaker 1: they're like, I will have a steak please. 173 00:09:50,600 --> 00:09:51,800 Speaker 2: We're at a sushi restaurant. 174 00:09:51,920 --> 00:09:54,400 Speaker 1: I need steak, and I'll take another seake and I'll 175 00:09:54,400 --> 00:09:56,559 Speaker 1: take all the sushi and then a third steak. 176 00:09:57,280 --> 00:10:00,800 Speaker 2: Don't tell my wife. It's one of those Oh you 177 00:10:00,920 --> 00:10:08,439 Speaker 2: know those people. Some of you are those people. If 178 00:10:08,440 --> 00:10:09,040 Speaker 2: we're going to. 179 00:10:09,040 --> 00:10:11,600 Speaker 1: Be a society that buys smarter, that buys better, that 180 00:10:11,640 --> 00:10:15,280 Speaker 1: buys quality, that buys what lasts, I love that. I 181 00:10:15,280 --> 00:10:19,600 Speaker 1: mean full disclosure. I'm actually developing a line, a product 182 00:10:19,679 --> 00:10:24,000 Speaker 1: line that's based on this theory myself and a business 183 00:10:24,040 --> 00:10:29,760 Speaker 1: partner that I have here in my area in Indianapolis. Yeah, 184 00:10:30,240 --> 00:10:33,719 Speaker 1: unleashing that in January of twenty twenty six. I've been 185 00:10:33,720 --> 00:10:37,480 Speaker 1: busy and it's this idea of things need to last 186 00:10:37,520 --> 00:10:40,560 Speaker 1: and they matter. You should be able to pass something 187 00:10:40,600 --> 00:10:43,559 Speaker 1: down the generations. It should have it should have some 188 00:10:44,200 --> 00:10:47,320 Speaker 1: value to it, as opposed to being just constantly in 189 00:10:47,360 --> 00:10:48,600 Speaker 1: a disposable world. 190 00:10:49,440 --> 00:10:54,160 Speaker 2: Right, that's terrible. The disposable world is just awful. 191 00:10:55,120 --> 00:10:57,280 Speaker 1: So maybe that's what's happening with the economy with this 192 00:10:57,320 --> 00:10:59,600 Speaker 1: Black Friday stuff, and we'll follow it. 193 00:11:00,240 --> 00:11:01,280 Speaker 2: But with the apartments. 194 00:11:02,040 --> 00:11:04,120 Speaker 1: I first wondered whether or not this was a connection 195 00:11:04,160 --> 00:11:06,080 Speaker 1: to where the economy is, and then you realize that 196 00:11:06,120 --> 00:11:10,000 Speaker 1: this is a conversation about culture, and things are not great. 197 00:11:11,480 --> 00:11:16,600 Speaker 1: We have an entire generation, maybe two, that seems afraid 198 00:11:16,600 --> 00:11:19,679 Speaker 1: of its own shadow, and we have to put an 199 00:11:19,760 --> 00:11:20,120 Speaker 1: end to that. 200 00:11:20,400 --> 00:11:23,160 Speaker 2: We us, all of us, regardless of the generation. 201 00:11:23,360 --> 00:11:28,640 Speaker 1: Now, these people who scream toxic masculinity, screw them. They're 202 00:11:28,760 --> 00:11:35,360 Speaker 1: garbage people. They don't matter. It's not true. These people 203 00:11:35,360 --> 00:11:39,280 Speaker 1: who claim that what women need to have a body count, 204 00:11:39,600 --> 00:11:40,520 Speaker 1: isn't that what's cool? 205 00:11:40,600 --> 00:11:44,480 Speaker 2: No, it's not cool. Oh I don't even know how 206 00:11:44,480 --> 00:11:46,560 Speaker 2: many guys I've slept with. That's what a body count is, 207 00:11:46,679 --> 00:11:48,760 Speaker 2: how many people you slept with? Dear lord? 208 00:11:51,080 --> 00:11:54,199 Speaker 1: There is video after video, Hey what's your body count? 209 00:11:54,679 --> 00:11:58,480 Speaker 1: And when these women answer, stop answering these people, anybody 210 00:11:58,520 --> 00:12:01,400 Speaker 1: who asked, is making a profit off of your promiscuity? 211 00:12:01,400 --> 00:12:06,600 Speaker 1: Shouldn't at least you get profit off your promiscuity and 212 00:12:07,040 --> 00:12:11,600 Speaker 1: the idea that that's a thing, Well, what do you value. 213 00:12:13,040 --> 00:12:13,920 Speaker 2: If you enjoyed yourself? 214 00:12:14,000 --> 00:12:18,439 Speaker 1: Okay, I'm not gonna say no, I'm asking what is 215 00:12:18,480 --> 00:12:21,520 Speaker 1: it that you're looking for? What is it that you 216 00:12:21,600 --> 00:12:24,560 Speaker 1: demand of yourself and demand of others? That isn't a 217 00:12:24,559 --> 00:12:28,760 Speaker 1: materialistic thing but rather a connective thing, isn't shouldn't that 218 00:12:28,800 --> 00:12:33,680 Speaker 1: be the thing? Shouldn't that be what matters? Yeah, we 219 00:12:33,720 --> 00:12:35,680 Speaker 1: got a lot of work to do. I need to 220 00:12:35,720 --> 00:12:37,160 Speaker 1: do more shows about this subject. 221 00:12:37,600 --> 00:12:41,480 Speaker 2: I really do. It's imperative not just hey, here's the 222 00:12:41,480 --> 00:12:43,040 Speaker 2: delineation of the problem, but. 223 00:12:43,000 --> 00:12:45,840 Speaker 1: Here's how we can solve it, because that's the part 224 00:12:47,000 --> 00:12:48,200 Speaker 1: I believe that we can. 225 00:12:48,880 --> 00:12:52,840 Speaker 2: I'm convinced that we can. Maybe people have better ideas 226 00:12:52,840 --> 00:12:54,360 Speaker 2: than I do about how to solve it. 227 00:12:55,240 --> 00:12:57,160 Speaker 1: But it can't just be about hey, here's the problem, 228 00:12:57,760 --> 00:13:01,040 Speaker 1: although we need to be fully fleshing out the problem itself. 229 00:13:01,679 --> 00:13:05,320 Speaker 1: This apartment story is very very interesting. I will post 230 00:13:05,320 --> 00:13:07,600 Speaker 1: it at tonykats dot com. You can see it there. 231 00:13:07,760 --> 00:13:09,680 Speaker 2: Keep it here, guys, this is Tony Katz Today,