1 00:00:00,080 --> 00:00:03,080 Speaker 1: Let's talk about other money. Home builders reportedly developing what 2 00:00:03,120 --> 00:00:08,880 Speaker 1: they're calling Trump homes. This is a program to improve affordability. Wow, 3 00:00:09,480 --> 00:00:13,880 Speaker 1: that just sounds like Hoover Trump homes. Yeah, doesn't remind 4 00:00:13,920 --> 00:00:14,200 Speaker 1: you of. 5 00:00:14,160 --> 00:00:17,479 Speaker 2: That Hooverville' That's what they called when President Hoover, you know, 6 00:00:17,560 --> 00:00:20,040 Speaker 2: rolled out his plan to build you know, low cost 7 00:00:20,040 --> 00:00:23,079 Speaker 2: affordable housing, they called those neighborhoods Hooverville Hooverville's. 8 00:00:23,239 --> 00:00:26,040 Speaker 1: So these Trump homes, they're designed to make home ownership 9 00:00:26,079 --> 00:00:29,760 Speaker 1: more accessible for first time buyers. And this is how 10 00:00:29,800 --> 00:00:33,240 Speaker 1: it works. Private investors could help finance homes, which would 11 00:00:33,280 --> 00:00:36,479 Speaker 1: then be rented to tenants, and then after three years, 12 00:00:36,479 --> 00:00:39,960 Speaker 1: rental payments could count towards a down payment if the 13 00:00:40,040 --> 00:00:44,200 Speaker 1: tenants choose to buy. It's a complex plan. It's still 14 00:00:44,280 --> 00:00:49,200 Speaker 1: in the early stages, but the next steps are for 15 00:00:49,560 --> 00:00:54,200 Speaker 1: more details to be discussed, and private investor investors reportedly 16 00:00:54,880 --> 00:00:58,640 Speaker 1: wouldn't bear initial losses, but nothing has been finalized on 17 00:00:58,720 --> 00:00:59,720 Speaker 1: this just yet. 18 00:01:00,200 --> 00:01:03,320 Speaker 2: Look, I'm all for trying whatever the government can do 19 00:01:03,560 --> 00:01:05,760 Speaker 2: to attempt to lower the cost of housing in this 20 00:01:05,760 --> 00:01:08,200 Speaker 2: country because it is out of control, not only the price, 21 00:01:08,319 --> 00:01:10,200 Speaker 2: just to get into the door and buy a house, 22 00:01:10,400 --> 00:01:13,120 Speaker 2: but all the things that come with it, especially like insurance, 23 00:01:13,440 --> 00:01:16,240 Speaker 2: especially things like property taxes. But at the end of 24 00:01:16,280 --> 00:01:18,720 Speaker 2: the day, there's you know the famous saying in real estate, 25 00:01:19,280 --> 00:01:21,559 Speaker 2: the most important thing in real estate is local, local, 26 00:01:21,640 --> 00:01:25,479 Speaker 2: local location, location, location, location, And that is all about 27 00:01:25,520 --> 00:01:30,000 Speaker 2: your local communities, and that is really what drives real 28 00:01:30,120 --> 00:01:32,840 Speaker 2: estate housing. Are you building enough? And most of it 29 00:01:32,920 --> 00:01:38,400 Speaker 2: is tied to restrictive zoning policies in communities all across 30 00:01:38,400 --> 00:01:40,399 Speaker 2: the country. And Trump even talked about this. He's like, 31 00:01:40,600 --> 00:01:42,199 Speaker 2: I don't want to bring down the house to causing 32 00:01:42,520 --> 00:01:45,760 Speaker 2: the cost of housing. I want people who have hundreds 33 00:01:45,800 --> 00:01:47,960 Speaker 2: of thousands of dollars of equity in their home right 34 00:01:48,000 --> 00:01:50,040 Speaker 2: now to keep that equity in their home and maybe 35 00:01:50,080 --> 00:01:53,880 Speaker 2: bring some more in. But it's local zoning regulations that 36 00:01:54,000 --> 00:01:56,960 Speaker 2: end up driving up the house of the cost of 37 00:01:56,960 --> 00:01:59,280 Speaker 2: housing in the vast majority of cases in this country. 38 00:01:59,440 --> 00:02:02,200 Speaker 1: So the builders, they're discussing the possibility of building up 39 00:02:02,240 --> 00:02:05,480 Speaker 1: to one million of these Trump homes, and that could 40 00:02:05,480 --> 00:02:08,639 Speaker 1: represent more than two hundred and fifty billion dollars in housing. 41 00:02:09,040 --> 00:02:11,840 Speaker 1: A recent poll found out that only seventeen percent of 42 00:02:11,919 --> 00:02:14,440 Speaker 1: voters think now is a good time to buy a home, 43 00:02:14,960 --> 00:02:19,160 Speaker 1: even though eighty five percent see home ownership as being 44 00:02:19,280 --> 00:02:22,960 Speaker 1: essential to the American dream, It's what a home just 45 00:02:22,960 --> 00:02:24,000 Speaker 1: not going to do it right now. 46 00:02:24,080 --> 00:02:27,120 Speaker 2: Look, it's a big problem, but there's no simple solution this. 47 00:02:27,200 --> 00:02:29,280 Speaker 2: Really know, this may move the needle a little bit, 48 00:02:29,320 --> 00:02:31,200 Speaker 2: but this isn't going to solve the problem. I mean, 49 00:02:31,200 --> 00:02:33,880 Speaker 2: he wants to build one million entry level houses in 50 00:02:33,919 --> 00:02:36,160 Speaker 2: this country. Okay, great, Then what do you do when 51 00:02:36,160 --> 00:02:38,680 Speaker 2: you go to a community, especially in states like California, 52 00:02:38,720 --> 00:02:41,960 Speaker 2: which have highly restrictive zoning regulations. What do you do 53 00:02:42,000 --> 00:02:44,000 Speaker 2: in California when you sit here and say we want 54 00:02:44,000 --> 00:02:47,240 Speaker 2: to build these low cost homes here in Sacramento. Well, Sacramento, 55 00:02:47,360 --> 00:02:49,239 Speaker 2: the local authorities there are going to look at you 56 00:02:49,280 --> 00:02:51,320 Speaker 2: and tell you to hit the road. These don't qualify 57 00:02:51,400 --> 00:02:53,840 Speaker 2: within our zoning regulations here, so they're not going to 58 00:02:53,880 --> 00:02:56,320 Speaker 2: get built. It's a big problem if you're looking to 59 00:02:56,360 --> 00:02:59,280 Speaker 2: buy a home, but no one is coming to save you. 60 00:02:59,600 --> 00:03:03,440 Speaker 2: The federal government, the local government. Nothing is going to 61 00:03:04,040 --> 00:03:06,920 Speaker 2: be this magic bullet that is going to drive down 62 00:03:06,960 --> 00:03:07,840 Speaker 2: the cost of housing. 63 00:03:08,120 --> 00:03:10,440 Speaker 1: There is a recent poll and it's a seven out 64 00:03:10,440 --> 00:03:14,960 Speaker 1: of ten registered voters think that Donald Trump is not 65 00:03:15,160 --> 00:03:19,080 Speaker 1: doing enough on the economy or the rising costs of living, 66 00:03:19,320 --> 00:03:24,040 Speaker 1: and think that he spends too much time on economic issues, 67 00:03:24,560 --> 00:03:29,040 Speaker 1: including roughly half of Republicans. So's he's spending time on this, 68 00:03:29,160 --> 00:03:32,200 Speaker 1: but he's not helping them, is what it is about. 69 00:03:32,240 --> 00:03:36,160 Speaker 1: Forty percent say his economic policies have actually hurt him. 70 00:03:36,360 --> 00:03:42,520 Speaker 1: And his administration has been bragging about work on affordability. Again, 71 00:03:42,560 --> 00:03:45,760 Speaker 1: it's just not translating down to the voter. And here's 72 00:03:45,800 --> 00:03:50,160 Speaker 1: the Vice President, Jade Vance, he was recently talking about affordability. 73 00:03:52,000 --> 00:03:54,200 Speaker 3: I don't think that there's anything to do, megan, other 74 00:03:54,240 --> 00:03:56,960 Speaker 3: than to do the work. You know, we continue to 75 00:03:57,040 --> 00:03:59,560 Speaker 3: have a lot of capital coming into the country that 76 00:03:59,640 --> 00:04:02,840 Speaker 3: means higher wages, more jobs for the American people. We 77 00:04:02,880 --> 00:04:05,360 Speaker 3: continue to see grocery prices I think starting to come 78 00:04:05,400 --> 00:04:07,200 Speaker 3: down a little bit. There are a couple of categories. 79 00:04:07,440 --> 00:04:09,920 Speaker 3: You know, we really worry about beef in particular that 80 00:04:09,960 --> 00:04:12,760 Speaker 3: we're working very hard to bring down not for the midterms, 81 00:04:12,760 --> 00:04:15,120 Speaker 3: but just because we want the American people to buy 82 00:04:15,200 --> 00:04:17,040 Speaker 3: some ground beef and to buy some steak if they 83 00:04:17,080 --> 00:04:20,440 Speaker 3: so choose. You know, there are things like cars and 84 00:04:20,520 --> 00:04:23,560 Speaker 3: houses where we're seeing some real progress rents have now 85 00:04:23,560 --> 00:04:26,440 Speaker 3: declined five months in a row. That's a big thing 86 00:04:26,480 --> 00:04:29,840 Speaker 3: that's happening. So it's one of these things where I 87 00:04:29,839 --> 00:04:31,280 Speaker 3: don't think you're going to be able to trick the 88 00:04:31,320 --> 00:04:34,480 Speaker 3: American people. They know they got three thousand dollars poor 89 00:04:34,560 --> 00:04:37,000 Speaker 3: during the Biden administration. I think they're going to judge 90 00:04:37,040 --> 00:04:39,919 Speaker 3: us by how much we've made them wealthier. And I 91 00:04:39,960 --> 00:04:42,760 Speaker 3: think that come November, the verdict there is going to 92 00:04:42,760 --> 00:04:43,239 Speaker 3: be positive. 93 00:04:43,560 --> 00:04:44,839 Speaker 2: But we just have to keep working at it. 94 00:04:46,160 --> 00:04:49,080 Speaker 1: So you've got to about thirty percent think that his 95 00:04:49,200 --> 00:04:53,320 Speaker 1: time on foreign policy is sufficient, and they're good with that, 96 00:04:53,440 --> 00:04:56,159 Speaker 1: but they want him to focus more on the economy 97 00:04:56,200 --> 00:04:57,120 Speaker 1: and things here at home. 98 00:04:57,400 --> 00:04:59,480 Speaker 2: Yeah, it's difficult for a president. We like to think 99 00:04:59,520 --> 00:05:01,400 Speaker 2: that the present and it has all this ability to 100 00:05:01,440 --> 00:05:04,800 Speaker 2: control the economy, and presidents can easily hurt the economy, 101 00:05:04,960 --> 00:05:07,280 Speaker 2: but it's difficult for them to do things that help 102 00:05:07,360 --> 00:05:10,400 Speaker 2: the economy. It's difficult for them to drive up wages, 103 00:05:10,440 --> 00:05:12,719 Speaker 2: and that's what we've seen. We've talked about this a lot. Look, 104 00:05:12,839 --> 00:05:15,719 Speaker 2: prices don't go down on certain individual things. Sure, eggs 105 00:05:15,720 --> 00:05:17,760 Speaker 2: went up to six dollars and you know a dozen 106 00:05:17,839 --> 00:05:20,120 Speaker 2: and now they're back down around three dollars. Certain things, 107 00:05:20,320 --> 00:05:22,240 Speaker 2: the prices will fluctuate, but when you look at the 108 00:05:22,240 --> 00:05:26,240 Speaker 2: cost of everything that it takes to live today in America, 109 00:05:26,360 --> 00:05:29,000 Speaker 2: prices are always going to go up. Now, we'd like 110 00:05:29,040 --> 00:05:32,040 Speaker 2: them to go up around two percent. That's ideal inflation. 111 00:05:32,360 --> 00:05:35,080 Speaker 2: But that nasty inflation that we saw during COVID is 112 00:05:35,120 --> 00:05:37,960 Speaker 2: now baked in, and prices are not going to drop, 113 00:05:38,000 --> 00:05:39,880 Speaker 2: at least not to the degree that it's all of 114 00:05:39,960 --> 00:05:42,120 Speaker 2: a sudden going to make life affordable in this country. 115 00:05:42,200 --> 00:05:45,680 Speaker 2: The only thing that's going to do that is increasing 116 00:05:45,960 --> 00:05:48,960 Speaker 2: Americans wages. The amount of money that we get paid 117 00:05:49,000 --> 00:05:51,039 Speaker 2: to do our jobs every single day. There's not a 118 00:05:51,040 --> 00:05:52,760 Speaker 2: whole lot that the government can do about that. The 119 00:05:52,760 --> 00:05:55,480 Speaker 2: one thing the government can do from a financial and 120 00:05:55,520 --> 00:05:58,839 Speaker 2: economic standpoint, but they refuse to do, is stop spending 121 00:05:58,839 --> 00:06:01,040 Speaker 2: way more money than they bring in. Stop taxing the 122 00:06:01,080 --> 00:06:03,839 Speaker 2: American people. I mean, if all of a sudden, we 123 00:06:04,160 --> 00:06:08,320 Speaker 2: magically had zero debt as opposed to the thirty eight 124 00:06:08,400 --> 00:06:10,480 Speaker 2: and a half trillion dollars of debt this country has 125 00:06:10,560 --> 00:06:14,200 Speaker 2: right now, the banks would move better, Bond prices would 126 00:06:14,200 --> 00:06:17,160 Speaker 2: be better, interest rates would be better, inflation everything would 127 00:06:17,200 --> 00:06:21,000 Speaker 2: be better. If the government stopped printing money that they 128 00:06:21,080 --> 00:06:23,080 Speaker 2: don't have. That's the one thing they can do. But 129 00:06:23,120 --> 00:06:26,600 Speaker 2: that is also the one thing that we guarantee Democrats 130 00:06:26,600 --> 00:06:28,920 Speaker 2: and Republicans can agree on. They love spending your tax 131 00:06:28,960 --> 00:06:30,160 Speaker 2: dollars more than anything else.