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Speaker 1: You're listening to KFI AM six forty on demand Good

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Speaker 1: Evening Presents.

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Speaker 2: I'm Chris Merrill.

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Speaker 3: I AM six forty more are stimulating talk on demand

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Speaker 3: anytime in the iHeartRadio. I appreciate everybody that pops in

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Speaker 3: on the app, hits that talkback button, gives us, you know,

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Speaker 3: your thoughts, whatever's going on. I was listening to Tim

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Speaker 3: as he was carrying that press conference from the the

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Speaker 3: Brown University sounds like it Brown and Mit University shooter

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Speaker 3: which they found dead in the storage unit that they

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Speaker 3: were closing in on and I gotta search warrant for it.

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Speaker 3: They cracked it open and then they found the body inside.

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Speaker 3: So we'll we'll, we'll monitor, they'll monitor that situation. The

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Speaker 3: incredible Matt Toffler is producing the show remotely tonight and

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Speaker 3: I have given him very explicit instructions. I want you

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Speaker 3: to monitor the situation closely, and he said, as soon

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Speaker 3: as the game's over, I will do it.

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Speaker 2: All over that. Thanks. I believe that. Yeah, that's what

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Speaker 2: he's doing.

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Speaker 3: He keeps giving he keeps adding scoring updates to the

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Speaker 3: show Rundown and Rundown. Yeah, Go Dolphins, He's on it.

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Speaker 2: Go Dolph dolphins. Yeah, he's all over it. So we are.

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Speaker 3: We are watching very closely during commercial breaks what's happening there.

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Speaker 3: We'll we'll get a little bit more into it as

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Speaker 3: more and more information sort of presents itself as the

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Speaker 3: as the evening goes on, which we're expecting, they say

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Speaker 3: they meeting authorities say they're going to do another press

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Speaker 3: conference at seven thirty mark.

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Speaker 2: Are we carrying that? Yeah?

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Speaker 3: Should I just tell Matt to monitor it closely for

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Speaker 3: any changes?

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Speaker 4: You interrupted me just as I was looking up some

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Speaker 4: information on so TBA.

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Speaker 2: Please stand? Okay, okay, standing standing? You want us to

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Speaker 2: wait now? Or should we? Yeah?

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Speaker 4: Because people love dead air? Okay, all right, Yeah, it's

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Speaker 4: the best my show has ever sounded. Oh yeah, Mike

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Speaker 4: Winter tonight of perfect, perfect good stuff. We're off to

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Speaker 4: a to a Crackerjack start, I say, we are. Yeah.

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Speaker 5: Uh.

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Speaker 3: In the meantime, the other thing I was listening to

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Speaker 3: Tim talking about was this rain. He's been talking about

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Speaker 3: this rain coming for a while, and and I thought, okay, uh, Tim,

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Speaker 3: Kimmy kim a reno, how bad is it really gonna be?

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Speaker 3: How bad is this uh? How bad is this storm

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Speaker 3: gonna be? And uh, then I uh did a little more,

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Speaker 3: a little more snooping, and it sounds like it's gonna

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Speaker 3: rain like hell, So that Tim was all over it.

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Speaker 2: This is from Fox eleven.

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Speaker 6: Now to the potential for rain next week. So we

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Speaker 6: have a storm track that's been holding up north pretty

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Speaker 6: much all month long.

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Speaker 2: It is gradually shifting farther south.

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Speaker 6: Northern California is gonna get waves of heavy rain between

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Speaker 6: now and the end of the weekend. This keeps moving

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Speaker 6: southward as we go into next week. Maybe some rain Tuesday,

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Speaker 6: but a better chance I would say, on Wednesday, and

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Speaker 6: maybe still more to come on Thursday and Friday of

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Speaker 6: next week. That would be right through Christmas, even Christmas Day.

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Speaker 2: Oh boy, that's too bad.

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Speaker 3: But I probably should stay off the roads, probably should

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Speaker 3: not go to the in laws.

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Speaker 2: I mean the weather.

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Speaker 3: You know, it's the traffic, The roads are gonna be

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Speaker 3: a mess. It's just why don't we just not go

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Speaker 3: to the in laws this year?

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Speaker 2: And the day after Christmas as well.

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Speaker 6: Now I'm gonna show you one computer model projection for

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Speaker 6: potential rain next week. This doesn't mean it's gonna play

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Speaker 6: out exactly like this, but multiple models are starting to

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Speaker 6: suggest more widespread rain.

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Speaker 2: Oh, multiple models making suggestions.

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Speaker 6: And heavier rain. So look at this, this show's I

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Speaker 6: can't see. It's radio one to three inches and maybe

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Speaker 6: even more than that in some locations. As far as snow,

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Speaker 6: it's gonna be more of a kind of warmer system

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Speaker 6: for the time of year. So not much locally, although

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Speaker 6: this year Nevada will find maybe feet of snow coming

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Speaker 6: out of all this. Locally are very high mountaintops. You

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Speaker 6: see those little blue spots could pick up something. I

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Speaker 6: think the elevation for the snow is gonna be quite

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Speaker 6: high out of this though. All right, so the rainfores okay,

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Speaker 6: you can see that rain chance going us a little Tuesday,

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Speaker 6: but more so Wednesday of next week, all right, that's

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Speaker 6: Christmas Eve, and that's also what our temperatures are going down.

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Speaker 6: Tomorrow is warm for OH. Friday is in the low

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Speaker 6: seventies for LA. This weekend is more like upper sixties,

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Speaker 6: and those tempts keep falling as we go into next

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Speaker 6: week for the coast around seventy Tomorrow, sixties Friday, and

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Speaker 6: the weekend and next week is well, that's good finding

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Speaker 6: the balancy in an empire. Eighty degrees Friday seventies this week,

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Speaker 6: good and sixties next we got we got a seam.

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Speaker 3: We're good, okay, thank you, Okay, So gonna rain like hell?

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Speaker 3: So does that mean that we're going to get off

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Speaker 3: the roads? The answer, of course is no, No, we're not.

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Speaker 3: We're just going to drive like total a holes because

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Speaker 3: that's how we do it. The estimations are one hundred

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Speaker 3: and twenty two point four million people. I don't know

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Speaker 3: how they come up with such a specific number when

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Speaker 3: they estimate, but they do think that a third of

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Speaker 3: the entire nation is going to travel at least fifty

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Speaker 3: miles from home between Saturday of this year and New

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Speaker 3: Year's Day. A third of the country is going to

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Speaker 3: be traveling. That is a ton That is an increase

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Speaker 3: over last year. And this is one of those weird

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Speaker 3: situations where we talk about the affordability crisis, we talk

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Speaker 3: about people worried about potential recession, people talk about tariffs, YadA, YadA, YadA,

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Speaker 3: all these other things, and then the anxiety doesn't really

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Speaker 3: match the behavior, because if I'm worried about money, I'm not.

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Speaker 2: Blowing a bunch of money to get on a plane

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Speaker 2: and go see in laws.

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Speaker 3: Oh God, I'm not blowing anybody to go see in laws.

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Speaker 3: So again, the anxiety doesn't match the reality.

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Speaker 2: It just it doesn't.

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Speaker 3: And I've got some more stories a little bit later

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Speaker 3: on tonight about some of that too, But it just

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Speaker 3: it is not. We're not behaving in a way that

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Speaker 3: says I'm concerned about money. Then again, we are not

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Speaker 3: a really bright species.

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Speaker 2: We're not.

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Speaker 3: And I always think about I think about Game of Thrones,

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Speaker 3: probably because it hit home whenever they kept talking about

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Speaker 3: winter is coming, Winter is coming, Winter is coming, which

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Speaker 3: was always this ominous warning, Winter is coming, Winter is coming.

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Speaker 3: And then, of course, is the books or the show

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Speaker 3: goes on, you realize that when winter comes, it is

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Speaker 3: it is a really big deal. It's like once every

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Speaker 3: hundred years, and it's a massive deal. Growing up in

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Speaker 3: a northern state, we started getting ready for winter. I

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Speaker 3: mean Labor Day hit and then you started thinking, Okay,

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Speaker 3: it's not gonna be long. The leaves are going to

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Speaker 3: be changing. That's nice, but you better make sure that

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Speaker 3: your snowblower has the oil changed in it. You've got

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Speaker 3: to make sure that you've got your snow tires ready

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Speaker 3: to be put on. I mean, we got ready for winter, right,

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Speaker 3: winter was coming? You prepared in the same way that

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Speaker 3: we keep getting these ominous warnings about the economy, and

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Speaker 3: we keep saying, wow, it could be bad.

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Speaker 2: We're starting to see some layoffs, unemployment ticks up a

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Speaker 2: little bit.

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Speaker 3: But then we also have economists to say it's not

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Speaker 3: as bad as it could be, though, and that almost

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Speaker 3: gives us permission to put our head our heads back

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Speaker 3: in the sand. So as much as we keep saying, oh,

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Speaker 3: and you know, inflation is is at two point seven

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Speaker 3: percent latest numbers came out, which is still higher than

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Speaker 3: what the Fed wants. Unemployment ticked up just a little bit,

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Speaker 3: not a lot, a bit, just a little bit. And

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Speaker 3: so we've got all of these ominous, you know, not

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Speaker 3: ominous warnings, but we've got sort of some let's call

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Speaker 3: them yellow flags that are kind of popping up. And

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Speaker 3: how do we respond. We shrug our shoulders and we

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Speaker 3: get on a plane. It's not really getting ready for winter.

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Speaker 3: You're not really preparing. I tend to be a bit

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Speaker 3: of a worry war though, So maybe I'm overly cautious,

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Speaker 3: and maybe I'm just looking for an excuse not to

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Speaker 3: go to the in laws. I have a practical question,

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Speaker 3: and I'm hoping you can help me with this. It's

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Speaker 3: going to sound silly, but I'm trying to explain it

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Speaker 3: to my nieces and nephews. This is such a dumb

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Speaker 3: question that kids ask, and it's so so smart at

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Speaker 3: the same time. So my nephew asked me, if it rains,

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Speaker 3: does Santa have a raincoat?

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Speaker 2: And I thought, what it's Santa? I mean, does it?

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Speaker 2: And all of a sudden my mind started going to

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Speaker 2: the weirdest places.

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Speaker 3: I thought, wait, does Santa have different gear when he's

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Speaker 3: delivering in Alaska versus Peru. I didn't know how to

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Speaker 3: answer his question, and I'm bad at lying to kids.

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Speaker 3: So I said, Santa's so fast he dodges rain drops.

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Speaker 2: Was that? I don't know what what else do you say? Well,

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Speaker 2: like he's like the flash, I guess, I.

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Speaker 3: Said, Santa has to move so fast to get from

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Speaker 3: house to house and deliver gifts all the kids.

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Speaker 4: He moves so fast he dodges the rain drops. Does

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Speaker 4: Santa tap into the speed force?

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Speaker 2: I guess?

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Speaker 5: So?

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Speaker 2: Okay, yes, that bad?

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Speaker 5: Is that?

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Speaker 2: Yeah?

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Speaker 3: Because he's got to go all over the world, right right?

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Speaker 3: And kids are easy to lie to, well, right. And

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Speaker 3: in that case, the kid he kind of believed it.

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Speaker 3: I was really worried because it as it's coming out

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Speaker 3: of my mouth, I was thinking, oh God, please don't

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Speaker 3: ask me if the reindeer get wet while they're waiting

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Speaker 3: for him to go down the chimney and come back up. Okay,

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Speaker 3: here's your That's what I was afraid he was gonna follow.

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Speaker 3: We follow up with, yeah, you gotta cut that right off.

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Speaker 4: Here's what you say, son, questions are a burden for others,

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Speaker 4: and then never let him ask another question.

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Speaker 2: That's very deep. That's good.

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Speaker 3: That's good parent Hang on, I'm the right there now,

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Speaker 3: that's good parenting advice. Don't ever ask me questions are

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Speaker 3: a burden for others. Yes, and Daddy's Scotch is low?

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Speaker 2: Okay, perfect? Perfect? All right.

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Speaker 3: You know, you get on a small plane, you assume

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Speaker 3: the worst. That's gonnappen. You're gonna have a bumpy landing instead.

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Speaker 3: We've got two crashes today on two different coasts, and

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Speaker 3: they are raising the hackles and giving you a pause

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Speaker 3: before you climb aboard another puddle jumper. What investigators are

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Speaker 3: now looking at is next.

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Speaker 1: You're listening to KFI am six forty on demand.

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Speaker 3: I wanted to, and we'll do it after Mark's seven

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Speaker 3: thirty news here. I wanted to talk about the lottery.

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Speaker 3: The problem is, whenever there's a big jackpot, there is

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Speaker 3: rarely a new angle. I think I discovered a new

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Speaker 3: angle to discuss tonight. It's always like what would you

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Speaker 3: do with the money? And what are the taxes going

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Speaker 3: to be on that? That kind of thing, like those

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Speaker 3: are all the angles. I think I found a new angle.

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Speaker 3: I don't recall hearing anybody else talk about this before,

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Speaker 3: So we'll do that coming up here at seven thirty.

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Speaker 3: In the meantime, there was a braking news this afternoon,

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Speaker 3: a bizarre story out of Van Nines as somebody decided

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Speaker 3: to steal a plane.

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Speaker 7: Who's Chapter four was the first over the Van Nuys

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Speaker 7: airport after Lax police said someone stole this Sesna and

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Speaker 7: crashed into one of the airport hangars.

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Speaker 2: The FBI was here, tsa FAA airport police.

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Speaker 7: After NBC four investigates broke this story, we spoke with

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Speaker 7: the owner of the plane.

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Speaker 8: I've had that particular plane for about three months now.

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Speaker 3: Oh no, you only owned it for three months.

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Speaker 7: Oh, Anthony nursessian runs the LA Flight Academy.

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Speaker 8: I got a phone call at five am. On five

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Speaker 8: am that someone broke into the flight school and stole

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Speaker 8: one of the planes.

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Speaker 2: He says.

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Speaker 7: After a man broke in through their front door, he

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Speaker 7: found all the keys to their planes, then jumped in

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Speaker 7: and started this sess No. Two S model, a four

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Speaker 7: hundred and fifty thousand dollars plane.

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Speaker 2: The plane was parked where that plane is. Yeah, I

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Speaker 2: can't see it because it's radio. So he started the

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Speaker 2: engine there.

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Speaker 8: It was texting this way, and the left wing of

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Speaker 8: the plane hit that hanger right there, and it caused

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Speaker 8: the nose to turn left, and so the end the

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Speaker 8: nose went inside this hangar and then it damaged the

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Speaker 8: porche that's inside.

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Speaker 2: The hanger as well.

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Speaker 3: Oh my gosh, would you even know how to start

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Speaker 3: a plane? No way, I would have a clue. I

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Speaker 3: mean I could find the keys, and I would know

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Speaker 3: the keys unlocked the door. But honestly, I swear to you,

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Speaker 3: I do not know the answer this dissessmas have. Do

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Speaker 3: they have ignition like where you have to put the

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Speaker 3: key in or is it do the key or do

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Speaker 3: you just get in and it's got a push button start,

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Speaker 3: like a lot of heavy equipment doesn't have a key,

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Speaker 3: and it'll just be like you lock the cab, the

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Speaker 3: key only goes to the cab, and the thinking is

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Speaker 3: if you're inside, then you can start it.

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Speaker 9: And see that's kind of like I don't mind leaving

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Speaker 9: my car on as a prius because I know most

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Speaker 9: people that get in won't know how to drive it.

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Speaker 9: Because if you haven't never driven one, it's a little

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Speaker 9: bit of an experience.

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Speaker 2: Really.

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Speaker 9: Oh yeah, because the shifter isn't a different spot. You

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Speaker 9: have to, you know, put it in a certain one.

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Speaker 9: Obviously I've driven one, then you know what you're doing. Yeah,

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Speaker 9: like those, and I've driven to Tulsa ones that's also

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Speaker 9: very complicated, so you know it's like no one's. And

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Speaker 9: plus because it's a hybrid, it's gonna be off when

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Speaker 9: I walk away, like you're not gonna hear it?

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Speaker 2: Yeah, yeah, I do.

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Speaker 3: Yeah, I've owned the hybrids. In fact, that's what I

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Speaker 3: drive now is a hybrid, and same thing. You can't

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Speaker 3: tell if it's on or off, and that's why it's

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Speaker 3: got it. The first time first hybrid I bought, I

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Speaker 3: was sitting in my driveway I was living in Sandy.

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Speaker 3: I bought it in Poway, and I had a place

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Speaker 3: that was closer to the five and uh and I

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Speaker 3: took it back and I put it in the driveway,

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Speaker 3: and uh and I didn't I shut it off when

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Speaker 3: I When I went and got back in the car,

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Speaker 3: I hit the start button and the dashboard lit up.

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Speaker 3: But I didn't know if the car was I had

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Speaker 3: no idea, and no idea is this thing on? I

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Speaker 3: didn't know right it was the first time I had

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Speaker 3: driven it. And that's probably the same thing with with

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Speaker 3: obviously any evy is going to be the same. There's

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Speaker 3: like a there's is there an icon on the on

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Speaker 3: the Prius that tells you, okay, it's it's on, Like

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Speaker 3: I've got an icon.

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Speaker 9: Yeah, if you know, yeah, I'll tell you can see

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Speaker 9: it and I'll let you know. But yeah, so I

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Speaker 9: know what that means. I mean, obviously a plane is

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Speaker 9: a whole other world. But yeah, yeah, I get that.

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Speaker 3: I would have no idea if if if the hair

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Speaker 3: brained idea to steal an airplane crossed my mind, I

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Speaker 3: wouldn't even know where to start.

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Speaker 2: I just wouldn't have a clue.

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Speaker 3: Meanwhile, tragedy on the East Coast. As kind of a

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Speaker 3: celebrity in the sports world, plane crash took him out.

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Speaker 10: Crowd to be in North Carolina. As we just mentioned,

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Speaker 10: NASCAR legend Greg Biffle, his wife, Christina, and their two

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Speaker 10: children died today when they're sessing a business jet crashed

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Speaker 10: while landing at Statesville Regional Airport. The jet burst into

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Speaker 10: flames and three other people on board also died.

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Speaker 3: That was landing. Landing is the most terrifying thing. I'm

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Speaker 3: telling you. Even if I could get the plane up

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Speaker 3: in the air, I don't think I could land it.

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Speaker 10: The investigation continues into the cause of that crash.

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Speaker 3: Oh man, so Greg Biffle, that is what. That's terrible.

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Speaker 3: That's terrible. What a horrible way to go to because

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Speaker 3: it's just got to be sheer panic for a brief

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Speaker 3: period of time, just absolute terror, frozen stiff, and you know,

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Speaker 3: we're going to get insight into what happened there. You know,

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Speaker 3: was there mechanical failure, was it pilot aer all that

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Speaker 3: kind of stuff. There's going to be the other you know,

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Speaker 3: investigations and the news will come out. But just a

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Speaker 3: terrible way to go, man, terrible way, Hey, if you

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Speaker 3: still have Christmas shopping to do, you are you're kind

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Speaker 3: of getting to the point where it's a bit late

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Speaker 3: to ship something out without paying an arm and a leg,

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Speaker 3: which means you really only have two options. One you

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Speaker 3: can deal with the crowds and deliver your goodies in person,

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Speaker 3: which nobody wants to do because then you have to

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Speaker 3: see the people face to face. Nobody wants that. Or

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Speaker 3: give them the gift of hope. And by the way,

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Speaker 3: if you're buying for me, I want the hope in

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Speaker 3: a neat little envelope. How much that hope could pay

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Speaker 3: off is next?

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Speaker 1: You're listening to KFI AM six forty on demand.

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Speaker 3: One and a half billion dollars And would you even

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Speaker 3: finish your shift if you found out that you won

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Speaker 3: the next power Ball?

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Speaker 2: Well you should.

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Speaker 3: You should finish your shift because you don't want it.

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Speaker 3: You don't want people to suspect that you want it.

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Speaker 3: Worst thing you can do is tell anybody. And the

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Speaker 3: first thing you want to do is tell everybody today's

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Speaker 3: show this morning was giving us all the bad news.

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Speaker 11: If you had power Ball tickets for last night's drawing, well,

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Speaker 11: your Christmas miracle is going to have to wait a

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Speaker 11: bit longer. There were no tickets matching all six numbers,

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Speaker 11: so nobody got it. But there were some one and

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Speaker 11: two million dollar winners. So we're taking a look at

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Speaker 11: the winning numbers on your screen. And here is some

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Speaker 11: more good news than.

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Speaker 2: Yeah no, that's the radio no screen.

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Speaker 11: Jackpot is on the move again. Up to one point

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Speaker 11: five billion dollars.

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Speaker 3: Savanah, I got three, sounding like she's got laryngitis or something.

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Speaker 5: There.

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Speaker 11: That is the fifth largest prize in power Ball history.

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Speaker 11: Next drawing's Saturday night. That would be Christmas y right there.

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Speaker 3: Yeah, she's fighting something that would be a perfect christ

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Speaker 3: I wonder how fast my wife would leave me if

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Speaker 3: we won the power Ball if you want it, well, no,

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Speaker 3: I mean we're married, so if if one of us

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Speaker 3: wins it, we win it.

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Speaker 2: Yeah, but at that point she would have I.

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Speaker 3: Think, what is the lump some six hundred million dollars

359
00:17:04,880 --> 00:17:07,600
Speaker 3: or something like that, and they take thirty seven percent

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Speaker 3: for taxes and yeah, so anyway, I think I think

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Speaker 3: you you ended up clearing well out of the one

362
00:17:13,359 --> 00:17:17,600
Speaker 3: and a half billion, maybe you take into taxes, so

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Speaker 3: uh okay, so lump sum's gonna be seven fifty, then

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Speaker 3: you take another two hundred and fifty million for taxes.

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Speaker 3: And I'm just using rough numbers here, so roughly you'd

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Speaker 3: have about half a billion dollars that you'd take home

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Speaker 3: on a lump sum. And then uh, if we just

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Speaker 3: split in half. I think she dumped me. I think

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Speaker 3: she'd be gone in a heartbeat.

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Speaker 2: Think so.

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Speaker 3: I mean, she's got the means to do it now,

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Speaker 3: but it's inconvenient. But if you've got the if you've

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Speaker 3: got two hundred and fifty million dollars, that's enough to

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Speaker 3: hire somebody to clean the gutters and not have to

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Speaker 3: sleep with them, you know what I mean. Yeah, I

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Speaker 3: can just I can see her just being like, oh, good,

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Speaker 3: won the money. I'm gonna pay somebody to to put

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Speaker 3: up the Christmas lights, to clean the gutters, to do

379
00:18:02,320 --> 00:18:04,120
Speaker 3: all the crap that I need him around here for

380
00:18:04,440 --> 00:18:05,720
Speaker 3: because I don't want to do it. And then she

381
00:18:05,800 --> 00:18:09,160
Speaker 3: can be like, I'm done with you. I'm just I'm done.

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00:18:09,400 --> 00:18:13,679
Speaker 3: I think she'd be done with me. I'd like to

383
00:18:13,680 --> 00:18:16,639
Speaker 3: think she wouldn't go on a cruise. We'd buy a

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00:18:16,640 --> 00:18:20,080
Speaker 3: cruise ship and cruise on it. That's what we would do. Yeah,

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00:18:20,160 --> 00:18:23,000
Speaker 3: let me see, it's always like the biggest winners tend

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00:18:23,000 --> 00:18:24,879
Speaker 3: to come from California too, So once it hits a

387
00:18:24,920 --> 00:18:27,200
Speaker 3: billion dollars, it's almost like our odds go up.

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00:18:28,400 --> 00:18:29,199
Speaker 2: Odds of course, one to.

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Speaker 3: Two hundred and ninety two million, which means if everybody

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Speaker 3: in the country played it, then we'd have probably one

391
00:18:34,359 --> 00:18:41,800
Speaker 3: winner the whole thing. But don't tell anybody. Don't tell anybody,

392
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Speaker 3: and then get yourself a lawyer real fast, and a

393
00:18:44,920 --> 00:18:49,280
Speaker 3: financial planner real fast. I thought of I thought of

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Speaker 3: an angle. Whenever you do a lottery story, it's always

395
00:18:52,040 --> 00:18:53,760
Speaker 3: I mean, it's just kind of a side note. Oh

396
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Speaker 3: my goodness, the lottery is up to one point five

397
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Speaker 3: billion dollars and then oh, you know, where would you

398
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Speaker 3: spend the money? What would you do with it? And

399
00:19:01,280 --> 00:19:03,400
Speaker 3: it's yeah, look, it's fun. We all love to dream.

400
00:19:03,440 --> 00:19:05,080
Speaker 3: That's why we played the lottery in the first place.

401
00:19:05,200 --> 00:19:07,119
Speaker 3: All right, you can't play, you can't win if you

402
00:19:07,119 --> 00:19:08,960
Speaker 3: don't play, and it's just a lot of fun. And

403
00:19:09,000 --> 00:19:11,080
Speaker 3: it costs you a couple bucks to play it, and

404
00:19:11,359 --> 00:19:16,760
Speaker 3: that's great. But then I thought something else. I thought

405
00:19:16,760 --> 00:19:20,040
Speaker 3: about Christmas, and I thought about people who are buying

406
00:19:20,840 --> 00:19:25,280
Speaker 3: their friends and family lottery tickets for Christmas, and this happens.

407
00:19:26,400 --> 00:19:28,560
Speaker 3: I've had lots of bosses that do this too, in

408
00:19:28,600 --> 00:19:32,399
Speaker 3: lieu of a Christmas bonus we got you scratch your tickets. Okay,

409
00:19:33,359 --> 00:19:36,439
Speaker 3: it's better than nothing, so thank you. And every now

410
00:19:36,440 --> 00:19:38,360
Speaker 3: and again you get one of those stories where somebody

411
00:19:38,760 --> 00:19:41,080
Speaker 3: you know was given a lottery ticket in lieu of

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Speaker 3: a bonus from work and then they end up hitting

413
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Speaker 3: you know, one hundred thousand million dollars or something like

414
00:19:46,040 --> 00:19:47,760
Speaker 3: that makes for a great story, right, We love to

415
00:19:47,760 --> 00:19:52,679
Speaker 3: cover those stories. But I was thinking about the the

416
00:19:52,800 --> 00:19:59,960
Speaker 3: social aspect of it. So suppose suppose Mark, being the

417
00:20:00,080 --> 00:20:04,280
Speaker 3: complete pro you are, buy me a power Bowl ticket

418
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Speaker 3: for Christmas. Yes, and you said, listen, I wanted to

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00:20:07,160 --> 00:20:10,000
Speaker 3: get you something that was very impersonal and super cheap.

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00:20:10,440 --> 00:20:13,800
Speaker 3: But you know, let you know that I that I

421
00:20:13,840 --> 00:20:16,480
Speaker 3: acknowledged that we work together, and so you give me

422
00:20:16,520 --> 00:20:21,000
Speaker 3: a Powerball ticket. And let's suppose that the Powerball ticket

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00:20:21,000 --> 00:20:24,320
Speaker 3: that you gave me for Christmas hits.

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Speaker 4: How much do I have to share with you? I

425
00:20:27,119 --> 00:20:30,520
Speaker 4: don't think you're required to share anybody, ill legally or not.

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00:20:30,760 --> 00:20:33,880
Speaker 4: If you were a decent human being as well as

427
00:20:33,920 --> 00:20:37,359
Speaker 4: being a complete pro you split it with me, not

428
00:20:37,560 --> 00:20:40,720
Speaker 4: fifty fifty what what do you mean not fill the wall?

429
00:20:40,760 --> 00:20:42,560
Speaker 4: What then if not fifty to fifty.

430
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Speaker 3: Well, it was a gift. I mean, I'm definitely gonna

431
00:20:44,840 --> 00:20:47,040
Speaker 3: throw something your way. There's gonna be a thank So

432
00:20:47,119 --> 00:20:48,800
Speaker 3: let's say you win the one and a half billion,

433
00:20:48,880 --> 00:20:50,879
Speaker 3: you take the lump sum, and then you pay your

434
00:20:50,920 --> 00:20:53,000
Speaker 3: taxes and blah blah blah. By the way, California doesn't

435
00:20:53,040 --> 00:20:55,800
Speaker 3: charge any state taxes on lottery, but you still have

436
00:20:55,840 --> 00:20:57,760
Speaker 3: to pay your federal taxes. So it's basically it's like

437
00:20:57,840 --> 00:21:01,800
Speaker 3: thirty seven percent on any thing over a million or

438
00:21:01,800 --> 00:21:03,880
Speaker 3: something like whatever. It's the accountants are going to figure

439
00:21:03,920 --> 00:21:07,120
Speaker 3: that out for us. And so anyway, let's say we uh,

440
00:21:07,160 --> 00:21:10,640
Speaker 3: we end up the take home is five hundred million dollars. Okay,

441
00:21:10,640 --> 00:21:12,840
Speaker 3: I win five hundred I got five hundred million in cash.

442
00:21:12,920 --> 00:21:14,280
Speaker 3: How much do I have to give? I'm not giving

443
00:21:14,320 --> 00:21:16,359
Speaker 3: you two hundred and fifty million dollars. That was a

444
00:21:16,520 --> 00:21:18,800
Speaker 3: that was a Christmas present and basically you were it

445
00:21:18,840 --> 00:21:19,600
Speaker 3: was a cop out.

446
00:21:19,800 --> 00:21:23,840
Speaker 2: Then what do you think you're giving me one to

447
00:21:23,880 --> 00:21:25,080
Speaker 2: five million? What?

448
00:21:25,920 --> 00:21:28,880
Speaker 4: Yeah, what are you a Charles Dickens character? What what's

449
00:21:28,920 --> 00:21:29,480
Speaker 4: going on here?

450
00:21:31,960 --> 00:21:32,120
Speaker 2: Love?

451
00:21:32,200 --> 00:21:35,800
Speaker 3: How you've got five hundred million and you're gonna give

452
00:21:35,840 --> 00:21:39,720
Speaker 3: me like a teeny tiny sliver of a percent.

453
00:21:39,400 --> 00:21:42,040
Speaker 2: Of I think, what if I give you five million dollars?

454
00:21:42,040 --> 00:21:43,040
Speaker 2: That's one percent?

455
00:21:43,240 --> 00:21:45,399
Speaker 3: And you were trying to give me a ticket that

456
00:21:45,440 --> 00:21:48,119
Speaker 3: had in your mind zero value a one in two

457
00:21:48,200 --> 00:21:51,560
Speaker 3: hundred and ninety two million chants of winning. And now

458
00:21:51,560 --> 00:21:53,359
Speaker 3: all of a sudden, you think, you know what, what

459
00:21:53,400 --> 00:21:54,720
Speaker 3: if I gave you one?

460
00:21:54,840 --> 00:21:55,080
Speaker 2: Two?

461
00:21:55,320 --> 00:21:57,960
Speaker 3: Okay, So I will give you the same percentage, the

462
00:21:57,960 --> 00:21:58,960
Speaker 3: same odds.

463
00:21:59,200 --> 00:21:59,560
Speaker 2: All right.

464
00:21:59,600 --> 00:22:01,360
Speaker 3: So you you gave me something that had a one

465
00:22:01,400 --> 00:22:04,000
Speaker 3: and two hundred and ninety two million chance of hitting

466
00:22:04,680 --> 00:22:06,119
Speaker 3: I win roughly double that.

467
00:22:06,160 --> 00:22:07,480
Speaker 2: I'll give you two dollars.

468
00:22:08,440 --> 00:22:11,840
Speaker 4: Your largest That truly is unparalleled. And I mean that literally.

469
00:22:11,880 --> 00:22:14,400
Speaker 2: You just talked yourself out of five million dollars. Pal. Yeah,

470
00:22:14,400 --> 00:22:14,760
Speaker 2: you might have.

471
00:22:14,760 --> 00:22:17,280
Speaker 3: Been able to negotiate up to eight to ten, but no,

472
00:22:17,280 --> 00:22:18,600
Speaker 3: now you're down to two bucks.

473
00:22:18,800 --> 00:22:20,320
Speaker 2: I'll take his feat. I'm just gonna give you.

474
00:22:20,280 --> 00:22:22,280
Speaker 3: Back exactly what the odds were that you gave me

475
00:22:22,359 --> 00:22:25,920
Speaker 3: to start with. I think I'm on your wife's side

476
00:22:26,200 --> 00:22:30,359
Speaker 3: at this point. In fact, let me just speak to

477
00:22:30,400 --> 00:22:32,720
Speaker 3: your wife directly. Oh no, you haven't met my wife.

478
00:22:32,760 --> 00:22:32,920
Speaker 4: You know.

479
00:22:33,160 --> 00:22:33,440
Speaker 2: Zero.

480
00:22:33,680 --> 00:22:35,840
Speaker 3: If it's up to her, you get you gonna be

481
00:22:35,840 --> 00:22:36,959
Speaker 3: be happy with the two dollars.

482
00:22:37,080 --> 00:22:38,720
Speaker 4: No, I was going to advise her to leave you,

483
00:22:39,000 --> 00:22:40,600
Speaker 4: as you were predicting earlier.

484
00:22:40,680 --> 00:22:42,000
Speaker 3: Oh yeah, yeah, yeah, No, I don't think you have

485
00:22:42,000 --> 00:22:44,240
Speaker 3: to advise her. I think she's gonna realize that real fast, okay,

486
00:22:44,320 --> 00:22:46,480
Speaker 3: real real fas all right. I feel like there ought

487
00:22:46,520 --> 00:22:48,520
Speaker 3: to be this. This is one of those that you

488
00:22:48,560 --> 00:22:52,720
Speaker 3: need to write a letter to mismanners or the etiquette

489
00:22:52,760 --> 00:22:53,480
Speaker 3: queen or whatever.

490
00:22:53,560 --> 00:22:55,480
Speaker 4: Oh, she would one hundred percent until you to split

491
00:22:55,520 --> 00:22:58,199
Speaker 4: it with me. There's no question about this. Fifty There's

492
00:22:58,240 --> 00:23:01,119
Speaker 4: no way any decent, ethic human being would know that

493
00:23:01,160 --> 00:23:02,600
Speaker 4: you got to split it with the person who gave

494
00:23:02,600 --> 00:23:02,879
Speaker 4: it to you.

495
00:23:03,680 --> 00:23:07,040
Speaker 2: Oh you would. Let's say that I'd buy you a ticket, Mark,

496
00:23:07,880 --> 00:23:09,280
Speaker 2: and you hit the jackpot.

497
00:23:09,320 --> 00:23:11,159
Speaker 4: I would help much. Do you have to share with me?

498
00:23:11,359 --> 00:23:13,560
Speaker 4: You wouldn't even have to suggest it or say it

499
00:23:13,600 --> 00:23:16,000
Speaker 4: twice to me. I would split it with you without thought.

500
00:23:16,640 --> 00:23:19,919
Speaker 4: Fifty to fifty. Yeah, because that's the decent thing to do.

501
00:23:21,040 --> 00:23:25,080
Speaker 3: Wow, I mean I would be like, look, Mark, I'm

502
00:23:25,119 --> 00:23:27,000
Speaker 3: actually never going to talk to anybody else at the

503
00:23:27,000 --> 00:23:30,560
Speaker 3: station again, and I'm making a I'm making an effort

504
00:23:30,640 --> 00:23:32,159
Speaker 3: to talk to you and hand you a check for

505
00:23:32,200 --> 00:23:33,119
Speaker 3: five million dollars.

506
00:23:33,160 --> 00:23:35,520
Speaker 4: Here's a concept to that. As an American, maybe a

507
00:23:35,560 --> 00:23:39,160
Speaker 4: lot of us aren't really familiar with the concept is enough.

508
00:23:39,640 --> 00:23:42,840
Speaker 4: If I have five hundred million dollars, half of that

509
00:23:43,440 --> 00:23:45,480
Speaker 4: is enough I can share.

510
00:23:45,560 --> 00:23:45,720
Speaker 2: Yeah.

511
00:23:45,720 --> 00:23:48,160
Speaker 3: I was maybe I was going to open a school

512
00:23:48,160 --> 00:23:50,679
Speaker 3: for blind children, and you just took all that. You

513
00:23:50,840 --> 00:23:53,280
Speaker 3: just basically ensured blind children never learn brial.

514
00:23:53,400 --> 00:23:55,480
Speaker 4: I don't know how fancy in school these blind kids

515
00:23:55,520 --> 00:23:56,960
Speaker 4: are gonna need, but they're gonna be fine.

516
00:23:57,160 --> 00:23:58,439
Speaker 3: It was gonna be it was gonna be a very

517
00:23:58,440 --> 00:24:00,760
Speaker 3: big school. Yeah, and I was gonna name it after you.

518
00:24:00,840 --> 00:24:03,199
Speaker 4: Well, make a smaller school, but lead them around it

519
00:24:03,280 --> 00:24:05,040
Speaker 4: twice because they won't be able to tell.

520
00:24:06,840 --> 00:24:12,399
Speaker 2: Wow, that is maybe the funniest thing you've ever said.

521
00:24:19,200 --> 00:24:23,520
Speaker 3: Meanwhile, while Marcus in the Bahamas with my wife, he

522
00:24:23,640 --> 00:24:25,040
Speaker 3: was like, I wonder how what he's doing with the

523
00:24:25,160 --> 00:24:25,879
Speaker 3: blind kids.

524
00:24:26,320 --> 00:24:30,359
Speaker 2: Best of luck. God.

525
00:24:30,560 --> 00:24:32,159
Speaker 3: I'd like to say you're a horrible person, but I

526
00:24:32,160 --> 00:24:33,879
Speaker 3: think we're both just terrible people in general.

527
00:24:33,960 --> 00:24:35,679
Speaker 4: I think that's how it works. Well, except one of

528
00:24:35,760 --> 00:24:37,320
Speaker 4: us is a stingy, horrible person.

529
00:24:37,400 --> 00:24:39,040
Speaker 3: Yeah, well, one of us has four hundred and tinty

530
00:24:39,040 --> 00:24:41,040
Speaker 3: five million dollars and the other one is just whining

531
00:24:41,080 --> 00:24:43,360
Speaker 3: about not having anymore.

532
00:24:43,440 --> 00:24:45,440
Speaker 4: This is the worst conversation I've ever had.

533
00:24:46,000 --> 00:24:47,919
Speaker 3: If you're thinking about playing power Ball just so you

534
00:24:47,920 --> 00:24:49,840
Speaker 3: can afford it, down pay, God, just.

535
00:24:51,400 --> 00:24:59,520
Speaker 2: Lead them around twice. Regroup. If you're thing.

536
00:25:02,680 --> 00:25:04,760
Speaker 3: If you're thinking about playing power Ball, just say you're

537
00:25:04,760 --> 00:25:05,840
Speaker 3: can afford a down payment.

538
00:25:05,920 --> 00:25:06,520
Speaker 2: Slow down.

539
00:25:07,000 --> 00:25:08,680
Speaker 3: You might not need to because there's hope on the

540
00:25:08,680 --> 00:25:10,480
Speaker 3: horizon for millions of us around here, sir, are just

541
00:25:10,520 --> 00:25:12,520
Speaker 3: waiting for an opportunity to finally get into our very

542
00:25:12,520 --> 00:25:13,040
Speaker 3: own homes.

543
00:25:13,080 --> 00:25:14,720
Speaker 2: How close you are is Next.

544
00:25:15,040 --> 00:25:18,480
Speaker 1: You're listening to KFI AM six forty on demand.

545
00:25:19,320 --> 00:25:22,960
Speaker 3: We'll give you an update on the Brown slash Mit

546
00:25:23,440 --> 00:25:28,280
Speaker 3: shooting suspect who was found in a storage unit deed

547
00:25:28,480 --> 00:25:32,040
Speaker 3: of a self inflicted gunshot wound. That is, you get

548
00:25:32,040 --> 00:25:34,520
Speaker 3: the latest on that story coming up here after marks

549
00:25:34,560 --> 00:25:37,680
Speaker 3: eight o'clock news. I'm Chris merrilk I AM six forty

550
00:25:37,760 --> 00:25:41,600
Speaker 3: more stimulating talking on demand anytime in the iHeartRadio app,

551
00:25:42,520 --> 00:25:47,120
Speaker 3: Oh let me see, Oh, I asked a really good question.

552
00:25:48,280 --> 00:25:49,280
Speaker 2: I thought it was a good question.

553
00:25:49,480 --> 00:25:51,840
Speaker 3: I hate it when hosts declared their own questions as good,

554
00:25:51,840 --> 00:25:54,920
Speaker 3: but I always use it sarcastically. I thought, I asked

555
00:25:55,080 --> 00:25:58,400
Speaker 3: the most brilliant question that's ever been hypothesized, and I said,

556
00:25:58,440 --> 00:26:00,560
Speaker 3: if you are given a lottery to it as a

557
00:26:00,600 --> 00:26:04,199
Speaker 3: gift and it hits, how much do you have to

558
00:26:04,240 --> 00:26:08,919
Speaker 3: give to the person who who got you that as

559
00:26:08,960 --> 00:26:13,080
Speaker 3: a present? Mark says fifty percent? So if you hit

560
00:26:13,119 --> 00:26:16,119
Speaker 3: powerball on a gift that, say, your boss gave you

561
00:26:16,480 --> 00:26:19,359
Speaker 3: in lieu of a Christmas bonus, how much do you

562
00:26:19,359 --> 00:26:22,520
Speaker 3: have to give the boss? Well, let's suppose after taxes,

563
00:26:22,720 --> 00:26:25,760
Speaker 3: the lump some payout is five hundred million dollars on

564
00:26:25,800 --> 00:26:29,520
Speaker 3: this coming powerball jackpot. Ronner says, you got to give

565
00:26:29,600 --> 00:26:33,400
Speaker 3: up two hundred and fifty million dollars. I think he's insane,

566
00:26:34,440 --> 00:26:36,359
Speaker 3: but he says, no, that's only fair. That's split sees

567
00:26:37,119 --> 00:26:37,920
Speaker 3: from the talkback.

568
00:26:38,040 --> 00:26:40,960
Speaker 5: Hey, Chris, I completely agree with you, But what to

569
00:26:40,960 --> 00:26:42,600
Speaker 5: give Ronnor if you want the power ball?

570
00:26:43,000 --> 00:26:43,280
Speaker 3: Ooo?

571
00:26:44,119 --> 00:26:46,440
Speaker 2: Ronner? Okay? Rather unkind.

572
00:26:46,640 --> 00:26:51,840
Speaker 5: Kevin o'larry said, once you secure five million dollars, you'll

573
00:26:51,840 --> 00:26:53,800
Speaker 5: never run out of money. If you're smart about it.

574
00:26:54,840 --> 00:26:59,560
Speaker 5: And that's the great gift to give someone. If they

575
00:26:59,600 --> 00:27:03,320
Speaker 5: gave you ticket five million, push it up to ten.

576
00:27:03,440 --> 00:27:08,880
Speaker 4: But that's that's fair. Thank you appreciate that. There you go,

577
00:27:09,080 --> 00:27:13,480
Speaker 4: one percent pocket change. Thanks, five million dollars pockets you

578
00:27:13,480 --> 00:27:14,800
Speaker 4: find out in your couch cushion.

579
00:27:15,040 --> 00:27:18,480
Speaker 12: Wow, Chris, Yeah, Mark is crazy if he thinks that

580
00:27:19,640 --> 00:27:24,399
Speaker 12: the person has to divide the winnings fifty because they

581
00:27:24,480 --> 00:27:25,800
Speaker 12: purchased the ticket as a gift.

582
00:27:26,680 --> 00:27:30,600
Speaker 5: F that's way too much, way too much.

583
00:27:31,600 --> 00:27:37,400
Speaker 2: See, we have the smartest listeners, smartest listeners. What you're

584
00:27:37,440 --> 00:27:42,040
Speaker 2: just you just surprised me. Sometimes sometimes I just don't

585
00:27:42,040 --> 00:27:44,159
Speaker 2: know who you are. I wouldn't hesitate to give you

586
00:27:44,240 --> 00:27:47,360
Speaker 2: half if I won. Oh, I bet you would hesitate.

587
00:27:48,480 --> 00:27:50,560
Speaker 2: I bet you would hesitate the crap out of things.

588
00:27:50,560 --> 00:27:53,680
Speaker 4: I mean I probably attached some humiliating condition to it.

589
00:27:54,760 --> 00:27:58,080
Speaker 3: Legally changed my name to complete pro It's something like that. Yeah,

590
00:27:58,680 --> 00:28:01,280
Speaker 3: but I'd still fork it over. It's the only fair

591
00:28:01,320 --> 00:28:01,800
Speaker 3: thing to do.

592
00:28:02,119 --> 00:28:05,639
Speaker 2: Wow, No way, man, no way.

593
00:28:06,280 --> 00:28:09,760
Speaker 3: I mean, how about five million dollars and I take

594
00:28:09,760 --> 00:28:10,879
Speaker 3: you on vacation or something.

595
00:28:11,320 --> 00:28:12,160
Speaker 2: I pick up the tab.

596
00:28:12,760 --> 00:28:15,720
Speaker 4: Oh, how generous of you? How much do you need

597
00:28:15,800 --> 00:28:18,159
Speaker 4: to live comfortably the rest of your life and have

598
00:28:18,280 --> 00:28:19,000
Speaker 4: everything you want.

599
00:28:19,080 --> 00:28:22,080
Speaker 2: Come on, Okay, that's a good question.

600
00:28:22,640 --> 00:28:25,520
Speaker 3: And you think that I would act rationally if I

601
00:28:25,560 --> 00:28:28,320
Speaker 3: had two hundred fifty million dollars. But you see how

602
00:28:28,400 --> 00:28:30,320
Speaker 3: much people they win the lottery and then the next

603
00:28:30,320 --> 00:28:33,280
Speaker 3: thing you know, they're broke. So obviously whatever they won

604
00:28:33,520 --> 00:28:35,560
Speaker 3: was not enough. And I'd like to just assume I'm

605
00:28:35,560 --> 00:28:38,000
Speaker 3: as dumb as them, and two hundred fifty million dollars

606
00:28:38,040 --> 00:28:38,800
Speaker 3: isn't gonna cut it.

607
00:28:38,960 --> 00:28:42,640
Speaker 2: Five hundred million might get me to the end. You

608
00:28:42,720 --> 00:28:43,960
Speaker 2: might just into the finish line of life.

609
00:28:44,000 --> 00:28:47,880
Speaker 4: You just drag yourself across the finish line with five hundreds, well,

610
00:28:47,920 --> 00:28:48,680
Speaker 4: four ninety five.

611
00:28:48,720 --> 00:28:50,360
Speaker 2: Now, because I gave you five million.

612
00:28:50,560 --> 00:28:53,640
Speaker 4: You'd probably ask for it back at that point, Hey, can.

613
00:28:53,640 --> 00:28:55,600
Speaker 2: I get alone? Yeah, I'll pay you back.

614
00:28:57,200 --> 00:28:59,760
Speaker 3: Meanwhile, and maybe five million isn't enough. Maybe I would

615
00:29:00,040 --> 00:29:03,240
Speaker 3: maybe you could say, wow, that's really great. Hey, And

616
00:29:03,280 --> 00:29:05,440
Speaker 3: of course you you would not hesitate to say how

617
00:29:05,480 --> 00:29:08,520
Speaker 3: much you're gonna give me. And maybe I would say,

618
00:29:08,560 --> 00:29:12,640
Speaker 3: you know what, pick out the house you want and

619
00:29:12,680 --> 00:29:14,040
Speaker 3: I will buy that house for you.

620
00:29:14,120 --> 00:29:14,920
Speaker 2: What do you think about that?

621
00:29:15,280 --> 00:29:18,200
Speaker 4: Well, if if it's in la that's a pretty big gift.

622
00:29:18,520 --> 00:29:19,280
Speaker 2: That's what I'm saying.

623
00:29:19,880 --> 00:29:22,160
Speaker 3: I will buy you whatever you pick out, whatever home

624
00:29:22,200 --> 00:29:24,040
Speaker 3: you want, and I will purchase that home for you.

625
00:29:24,440 --> 00:29:26,360
Speaker 4: I can find a two hundred and fifty million dollar

626
00:29:26,440 --> 00:29:28,440
Speaker 4: home and no, I can find one easy.

627
00:29:28,720 --> 00:29:32,040
Speaker 3: No, Because I did see that a bunch of according

628
00:29:32,040 --> 00:29:34,240
Speaker 3: to Zillo, a bunch of homes have lost value.

629
00:29:34,320 --> 00:29:35,560
Speaker 2: This is from ABC.

630
00:29:35,800 --> 00:29:38,560
Speaker 13: Another Federal Reserve interest rate cut a major reason for

631
00:29:38,640 --> 00:29:41,680
Speaker 13: it to kickstart a frozen housing market that a new

632
00:29:41,800 --> 00:29:45,840
Speaker 13: Zillow analysis says has more homes declining in value than rising.

633
00:29:46,160 --> 00:29:49,560
Speaker 13: Fifty three percent of homes across the US are valued

634
00:29:49,640 --> 00:29:52,120
Speaker 13: lower today than they were the same time last year.

635
00:29:52,360 --> 00:29:54,800
Speaker 2: Yeah, I wonder what it is here. It's a different show.

636
00:29:54,800 --> 00:29:56,280
Speaker 2: I'm going to tell you. I mean that was a tease.

637
00:29:56,200 --> 00:29:57,640
Speaker 1: Share in every metro.

638
00:29:58,000 --> 00:30:01,040
Speaker 13: Denver and Austin have the biggest s nine and ten

639
00:30:01,080 --> 00:30:04,200
Speaker 13: homes in both of these markets are down in value.

640
00:30:04,320 --> 00:30:06,760
Speaker 13: In Sacramento, California, it's eighty eight percent.

641
00:30:07,200 --> 00:30:08,040
Speaker 2: Were you following the.

642
00:30:09,600 --> 00:30:12,280
Speaker 3: Probably not following the housing market in Austin, But I

643
00:30:12,280 --> 00:30:14,520
Speaker 3: was reading a number of articles about the housing market

644
00:30:14,520 --> 00:30:19,240
Speaker 3: in Austin, how it was exploding. When Musk took Tesla

645
00:30:19,320 --> 00:30:22,400
Speaker 3: there and it was like the housing market. People couldn't

646
00:30:22,440 --> 00:30:25,120
Speaker 3: get there, They couldn't get a house. Austin couldn't build

647
00:30:25,120 --> 00:30:28,520
Speaker 3: them fast enough, and people were paying outrageous prices. Of course,

648
00:30:28,560 --> 00:30:30,280
Speaker 3: they're taking Bay Area money, and then they're going to

649
00:30:31,400 --> 00:30:33,680
Speaker 3: Texas where things are a lot cheaper, and they were

650
00:30:33,720 --> 00:30:36,600
Speaker 3: just inflating the value like wild and then all of

651
00:30:36,640 --> 00:30:41,240
Speaker 3: a sudden it shifted like jobs weren't there, and then

652
00:30:41,320 --> 00:30:44,520
Speaker 3: people couldn't sell their homes for anything, and everybody was

653
00:30:44,560 --> 00:30:45,440
Speaker 3: taken a bath.

654
00:30:45,880 --> 00:30:49,160
Speaker 13: Thirteen other metros as well, where three of every four

655
00:30:49,200 --> 00:30:51,960
Speaker 13: houses is down in value from last year, most of

656
00:30:52,000 --> 00:30:54,120
Speaker 13: them in the Sun Belt. How much homes are down

657
00:30:54,120 --> 00:30:57,160
Speaker 13: differents as well. Austin that boomtown gone Bus has whole

658
00:30:57,240 --> 00:31:00,560
Speaker 13: values down twenty one percent from their peak. Leans is

659
00:31:00,600 --> 00:31:04,840
Speaker 13: down sixteen percent. Pittsburgh, San Antonio and Tampa are down

660
00:31:05,160 --> 00:31:08,680
Speaker 13: thirteen percent. And really it also depends on the size

661
00:31:08,720 --> 00:31:12,600
Speaker 13: of your house. Smaller houses are down more than larger ones.

662
00:31:12,720 --> 00:31:14,840
Speaker 13: This means that the top of the market is not

663
00:31:15,040 --> 00:31:16,480
Speaker 13: as soft as the bottom.

664
00:31:16,520 --> 00:31:19,160
Speaker 2: But on the other hand, okay, top not as soft

665
00:31:19,160 --> 00:31:19,600
Speaker 2: as the bottom.

666
00:31:19,640 --> 00:31:22,360
Speaker 13: Okay, smaller homes have risen more in value compared to

667
00:31:22,360 --> 00:31:23,040
Speaker 13: the larger ones.

668
00:31:23,400 --> 00:31:25,960
Speaker 3: Okay, I'm gonna stop them there, because it's just a

669
00:31:26,040 --> 00:31:27,840
Speaker 3: lot of numbers to throw at us all of a sudden.

670
00:31:28,200 --> 00:31:29,000
Speaker 2: Here's what you gotta know.

671
00:31:29,280 --> 00:31:34,080
Speaker 3: Los Angeles Metro nearly four out of five homes lost

672
00:31:34,160 --> 00:31:36,880
Speaker 3: value last year. That puts us in the top ten

673
00:31:37,200 --> 00:31:40,760
Speaker 3: metro areas where And it's not that it's not that

674
00:31:40,800 --> 00:31:43,400
Speaker 3: homes are losing eighty percent of their value. It's that

675
00:31:43,480 --> 00:31:46,360
Speaker 3: eighty percent of lost value. But I should also point

676
00:31:46,360 --> 00:31:50,520
Speaker 3: out there's one more piece of very important information for clarification.

677
00:31:50,680 --> 00:31:55,200
Speaker 3: That is, these are zestimates. This is not home sale

678
00:31:55,320 --> 00:31:59,400
Speaker 3: prices that are dropping. This is what Zillow estimates your

679
00:31:59,400 --> 00:32:01,320
Speaker 3: house's work. That's a words estimate.

680
00:32:01,600 --> 00:32:04,120
Speaker 2: This estimate. It's it's very zesty. It's this estimate.

681
00:32:04,280 --> 00:32:09,400
Speaker 3: Yeah uh, and that is simply based on square footage

682
00:32:09,440 --> 00:32:12,000
Speaker 3: and comps in the neighborhood. Has nothing to do with

683
00:32:12,040 --> 00:32:15,280
Speaker 3: anybody actually going through your house. Your home could have

684
00:32:15,960 --> 00:32:18,840
Speaker 3: faulty foundation, it could have a hole in the roof,

685
00:32:19,240 --> 00:32:20,959
Speaker 3: it could have all kinds of a mess. I mean,

686
00:32:21,000 --> 00:32:23,440
Speaker 3: you could have you could have had damage from one

687
00:32:23,480 --> 00:32:26,520
Speaker 3: of the big fires. And then Zilla will say, oh,

688
00:32:26,560 --> 00:32:29,719
Speaker 3: your home is your home is worth you know, eight

689
00:32:29,840 --> 00:32:33,720
Speaker 3: hundred thousand dollars. Uh, and that's down from last year

690
00:32:33,760 --> 00:32:36,240
Speaker 3: where it was worth eight hundred twenty thousand dollars. Meanwhile,

691
00:32:36,240 --> 00:32:39,440
Speaker 3: you're looking around, You're like, my home's condemned. It's a

692
00:32:39,640 --> 00:32:41,880
Speaker 3: it's basically a rubble. It's you know, it's the land

693
00:32:41,960 --> 00:32:44,240
Speaker 3: is worth maybe three hundred thousand. There's not much other

694
00:32:44,320 --> 00:32:49,400
Speaker 3: value here, so it's only based on whatever their algorithm says.

695
00:32:49,440 --> 00:32:51,520
Speaker 3: And likewise, if you put a lot of money into

696
00:32:51,640 --> 00:32:54,880
Speaker 3: improving your home, doing some remodeling, new roof, maybe fixed foundation,

697
00:32:55,000 --> 00:32:58,960
Speaker 3: whatever it might be, upgrades here and there, Zilo doesn't

698
00:32:59,240 --> 00:33:03,040
Speaker 3: doesn't factor that. So take that for what it's worth.

699
00:33:03,120 --> 00:33:06,200
Speaker 3: But by and large, we are seeing a number of

700
00:33:06,200 --> 00:33:08,400
Speaker 3: homes that are starting to lose value, which is good

701
00:33:08,440 --> 00:33:12,320
Speaker 3: because when I buy mark Is home for picking up

702
00:33:12,360 --> 00:33:14,520
Speaker 3: that power ball ticket for me, I'm gonna save a

703
00:33:14,560 --> 00:33:15,360
Speaker 3: few times.

704
00:33:15,400 --> 00:33:17,080
Speaker 4: The two hundred and fifty million dollar home.

705
00:33:17,120 --> 00:33:18,920
Speaker 2: There's no way you can't find it. Two hundred free minute,

706
00:33:19,040 --> 00:33:20,240
Speaker 2: you can't find it, two undre fifto minions.

707
00:33:20,240 --> 00:33:22,280
Speaker 3: How much you want a bad no way, I'm gonna

708
00:33:22,320 --> 00:33:24,000
Speaker 3: zilow this while you're doing news. I'm gonna see if

709
00:33:24,040 --> 00:33:25,640
Speaker 3: I can find what is the most expensive home for

710
00:33:25,680 --> 00:33:26,440
Speaker 3: sale in California.

711
00:33:26,480 --> 00:33:29,200
Speaker 2: Okay, that's what I'm gonna do. Okay, all right, the

712
00:33:29,520 --> 00:33:30,400
Speaker 2: Ronner is standing by.

713
00:33:30,400 --> 00:33:33,040
Speaker 3: We'll give you an update on what's happening with that.

714
00:33:33,040 --> 00:33:38,920
Speaker 3: That the shooter from Brown University and MIT. The authorities

715
00:33:39,040 --> 00:33:41,280
Speaker 3: kind of connected the two shootings together and then they

716
00:33:41,320 --> 00:33:41,920
Speaker 3: found the guy.

717
00:33:43,800 --> 00:33:45,720
Speaker 2: The ending was not not a happy ending.

718
00:33:45,800 --> 00:33:48,520
Speaker 3: That is next time, Chris merrilf I AM six forty

719
00:33:48,520 --> 00:33:49,760
Speaker 3: live everywhere on the iHeartRadio

720
00:33:49,800 --> 00:33:53,320
Speaker 1: App, KFI AM sixty on demand