1 00:00:00,320 --> 00:00:03,760 Speaker 1: You're listening to KFI AM six forty on demand. 2 00:00:05,000 --> 00:00:08,400 Speaker 2: I've got people now frantically trying to sign up for 3 00:00:08,520 --> 00:00:12,200 Speaker 2: the chance to buy tickets to the LA twenty eight Olympics. 4 00:00:12,280 --> 00:00:17,160 Speaker 2: The window to register for your chance to win those 5 00:00:17,200 --> 00:00:20,279 Speaker 2: tickets open today seven o'clock this morning. They don't go 6 00:00:20,320 --> 00:00:22,720 Speaker 2: on sale until April. So it's not like if you 7 00:00:22,760 --> 00:00:25,400 Speaker 2: didn't register today you can't get in their registration. It 8 00:00:25,400 --> 00:00:27,320 Speaker 2: doesn't matter if you're the first to register, you're the 9 00:00:27,400 --> 00:00:29,280 Speaker 2: last to register, you're in. I believe it's just going 10 00:00:29,320 --> 00:00:31,640 Speaker 2: to be a lottery. But I do think that they 11 00:00:31,640 --> 00:00:35,640 Speaker 2: are giving preferential treatment to people with LA and Oklahoma 12 00:00:36,159 --> 00:00:37,919 Speaker 2: zip codes because you know, some of the events are 13 00:00:37,920 --> 00:00:41,239 Speaker 2: going on in Oklahoma City. I think it's baseball, softball 14 00:00:41,240 --> 00:00:44,400 Speaker 2: happening in Oka See. I don't think there's anything else. 15 00:00:44,440 --> 00:00:46,720 Speaker 2: I think it's just those two, and honestly, I'd love 16 00:00:46,720 --> 00:00:49,599 Speaker 2: to go see those sports, but you know, the commute 17 00:00:49,600 --> 00:00:52,199 Speaker 2: it's kind of a bitch, so probably not gonna do that. 18 00:00:52,320 --> 00:00:56,440 Speaker 2: From the talkback, Hey Mark Skyler from Sacramento, Marcus a 19 00:00:56,480 --> 00:00:58,560 Speaker 2: friend of yours. We'll find out. 20 00:00:58,600 --> 00:01:01,440 Speaker 3: Okay, good wanted to tell you guys were do it 21 00:01:01,480 --> 00:01:02,080 Speaker 3: a great job. 22 00:01:02,760 --> 00:01:05,319 Speaker 2: Thank you. Yeah, I registered for the Olympics. Me and 23 00:01:05,360 --> 00:01:09,199 Speaker 2: my son, we're gonna go watch wrestling. Pretty excited for it. 24 00:01:09,800 --> 00:01:12,000 Speaker 2: Nice Okay, now that I can get beare, that's not 25 00:01:12,040 --> 00:01:14,319 Speaker 2: a bad idea. I didn't think about that. I do 26 00:01:14,400 --> 00:01:18,360 Speaker 2: love the wrestling events and uh, fun fact, my grandparents 27 00:01:18,400 --> 00:01:20,679 Speaker 2: were huge sports fans. They went to all the sporting 28 00:01:20,680 --> 00:01:22,919 Speaker 2: events in my hometown. And there was actually a wrestling 29 00:01:22,920 --> 00:01:27,039 Speaker 2: tournament named after my grandfather whoa yeah little just in 30 00:01:27,040 --> 00:01:29,240 Speaker 2: the little high school. Just a little high school invitational. 31 00:01:29,319 --> 00:01:32,240 Speaker 2: That's pretty cool. Yeah, right, I was a wrestler and 32 00:01:32,240 --> 00:01:34,560 Speaker 2: that is an event that I could go to. I 33 00:01:34,640 --> 00:01:36,840 Speaker 2: love it. Yeah, I didn't think about that, but that 34 00:01:36,920 --> 00:01:38,240 Speaker 2: actually does sound like a good time. 35 00:01:38,360 --> 00:01:38,560 Speaker 4: Hey. 36 00:01:38,600 --> 00:01:42,760 Speaker 2: Also, fun fact, I hold two records for wrestling in 37 00:01:42,880 --> 00:01:47,880 Speaker 2: junior high really yes, fastest getting pinned what that is correct? 38 00:01:49,960 --> 00:01:54,240 Speaker 2: And the second is even faster getting pinned. I set 39 00:01:54,240 --> 00:01:57,480 Speaker 2: the record I got pinned in eight seconds and then 40 00:01:57,520 --> 00:02:01,919 Speaker 2: a few meets later seven seconds. Is this for real? Absolutely? 41 00:02:01,960 --> 00:02:04,480 Speaker 2: One hundred percent for real? Is it really? Yeah? Oh 42 00:02:04,520 --> 00:02:08,160 Speaker 2: my god. One, I was like, I don't know, holiday 43 00:02:08,200 --> 00:02:09,560 Speaker 2: in seventh grade, I was like third, No, I was 44 00:02:09,600 --> 00:02:12,440 Speaker 2: in eighth grade. So what thirteen or fourteen? Yeah, yeah, 45 00:02:12,480 --> 00:02:16,480 Speaker 2: so I was a little bit of a late bloomer. Okay, 46 00:02:17,040 --> 00:02:20,400 Speaker 2: so here I am a child. My voice hadn't changed, 47 00:02:21,080 --> 00:02:23,520 Speaker 2: uh and uh, and I'm up against these guys who 48 00:02:24,400 --> 00:02:28,160 Speaker 2: had so these guys roll in there with like mustaches 49 00:02:28,200 --> 00:02:32,240 Speaker 2: and armpit hair and actual muscles, and I roll in 50 00:02:32,280 --> 00:02:36,320 Speaker 2: there like a huge twink and can we say twink? 51 00:02:36,600 --> 00:02:39,880 Speaker 2: Yeah we did, yes, And then they're just like they're like, 52 00:02:39,919 --> 00:02:42,440 Speaker 2: you know, they blow the whistle. And I just remember 53 00:02:42,960 --> 00:02:46,079 Speaker 2: this one guy, he was really good. These two guys 54 00:02:46,120 --> 00:02:50,120 Speaker 2: faced off for the champions and state championship whatever it was, right, 55 00:02:50,160 --> 00:02:52,560 Speaker 2: and they were they were really good. And I just 56 00:02:52,639 --> 00:02:56,519 Speaker 2: remember the one guy technically amazing. He's the guy that 57 00:02:56,600 --> 00:02:59,040 Speaker 2: got me in eight seconds. He just he wrapped me up. 58 00:02:59,280 --> 00:03:01,639 Speaker 2: He threw me down, take down, boom, put me in 59 00:03:01,680 --> 00:03:05,320 Speaker 2: a headlock, pinned the other guy just as I don't 60 00:03:05,320 --> 00:03:06,800 Speaker 2: even know how we were in the same weight class. 61 00:03:07,360 --> 00:03:10,359 Speaker 2: This guy was just mass. I was gonna ask you, 62 00:03:10,400 --> 00:03:12,560 Speaker 2: because they have to you got you got you have 63 00:03:12,639 --> 00:03:15,399 Speaker 2: to be like somewhat evenly matched up, Yeah, like within 64 00:03:15,440 --> 00:03:18,720 Speaker 2: three or five pounds or something, right, And I just 65 00:03:18,800 --> 00:03:22,120 Speaker 2: remember I lined up and I must have just been shaken. 66 00:03:22,160 --> 00:03:24,200 Speaker 2: I was like, oh no, no, And I just saw 67 00:03:24,240 --> 00:03:26,200 Speaker 2: this guy and this guy like arm hair, you know, 68 00:03:26,280 --> 00:03:30,160 Speaker 2: like like bicep hair, you know, and I just remember 69 00:03:30,160 --> 00:03:32,480 Speaker 2: they blew and I'm in that stance, you know, the 70 00:03:32,600 --> 00:03:34,920 Speaker 2: arm out front, getting ready to wrestle, and this guy 71 00:03:34,960 --> 00:03:37,880 Speaker 2: gets in that stance. We got our our ear protectors 72 00:03:37,920 --> 00:03:40,320 Speaker 2: on and everything else, and they blew that whistle and 73 00:03:40,400 --> 00:03:44,920 Speaker 2: this guy stood straight up, put his hands up over 74 00:03:44,960 --> 00:03:48,800 Speaker 2: his head like a bear, and he just goes and 75 00:03:48,920 --> 00:03:51,720 Speaker 2: I just went and I just fell into the field 76 00:03:51,760 --> 00:03:53,680 Speaker 2: position and he jumped on top of me, and I 77 00:03:53,800 --> 00:03:57,240 Speaker 2: swear it was a mercy pinning. The guy just goes done. 78 00:03:57,560 --> 00:03:59,920 Speaker 2: I was done. I had no idea we were brother 79 00:04:00,160 --> 00:04:05,680 Speaker 2: of the singlet. So bad, so so bad, But wrestling 80 00:04:05,720 --> 00:04:07,360 Speaker 2: could be a good one. Wrestling would be a good one. 81 00:04:09,640 --> 00:04:12,480 Speaker 2: Learn it about Jaman? How about that? Yeah, people should 82 00:04:12,600 --> 00:04:15,640 Speaker 2: understand that the wrestling that you see in the Olympics 83 00:04:15,960 --> 00:04:18,920 Speaker 2: isn't like the chair smashing stuff on TV. No. It's good. 84 00:04:18,960 --> 00:04:22,359 Speaker 2: It's amazing, it's technical. I love it. It's it's really good. 85 00:04:22,760 --> 00:04:25,920 Speaker 2: I think it's fantastic. Uh. You know, last night we 86 00:04:26,160 --> 00:04:28,159 Speaker 2: were talking about what's going on in Iran and what 87 00:04:28,160 --> 00:04:31,920 Speaker 2: the President was saying in Iran, and no topic got 88 00:04:31,920 --> 00:04:35,080 Speaker 2: more feedback last night than when we were discussing Iran. 89 00:04:35,880 --> 00:04:37,680 Speaker 2: And most people are not very happy with me, but 90 00:04:37,680 --> 00:04:40,839 Speaker 2: that's fine. They were upset because I said, look, you know, 91 00:04:40,880 --> 00:04:43,000 Speaker 2: the president is talking about intervening, but he ran on 92 00:04:43,160 --> 00:04:48,599 Speaker 2: sort of an isolationist global policy, protectionism when it comes 93 00:04:48,640 --> 00:04:52,520 Speaker 2: to the economy and isolationism when it comes to foreign policy. 94 00:04:53,240 --> 00:04:55,400 Speaker 2: And he followed through on the protectionism. He's got the 95 00:04:55,400 --> 00:04:58,000 Speaker 2: tariffs and he's, you know, America first and other countries 96 00:04:58,040 --> 00:04:59,839 Speaker 2: are going to deal, and he's trying to renegotiate all 97 00:04:59,839 --> 00:05:02,640 Speaker 2: those different trade deals and everything else. And the terriffs 98 00:05:02,839 --> 00:05:05,760 Speaker 2: really have not hit the economy like so many people 99 00:05:05,800 --> 00:05:07,640 Speaker 2: feared that they would. Now I don't know how they're 100 00:05:07,640 --> 00:05:09,680 Speaker 2: gonna play out in the future. Maybe everything's gonna work 101 00:05:09,680 --> 00:05:11,520 Speaker 2: out great, maybe we're going to say down there. I 102 00:05:11,520 --> 00:05:14,479 Speaker 2: have no idea, but it hasn't been the calamity that 103 00:05:14,480 --> 00:05:18,799 Speaker 2: people were afraid of a year ago. The foreign policy, though, 104 00:05:19,520 --> 00:05:22,400 Speaker 2: is really interesting to watch what's happening because obviously there's 105 00:05:22,440 --> 00:05:25,480 Speaker 2: intervention going on in Venezuela, and I don't think anybody's 106 00:05:25,480 --> 00:05:29,240 Speaker 2: sad about seeing Maduro out of power in Venezuela. There 107 00:05:29,240 --> 00:05:32,000 Speaker 2: are people questioning how we went about it, but nobody's 108 00:05:32,000 --> 00:05:35,919 Speaker 2: sad about the outcome. Then he, the President, feels very 109 00:05:35,960 --> 00:05:38,200 Speaker 2: embold and he starts talking about Greenland again. And I 110 00:05:38,200 --> 00:05:39,960 Speaker 2: remember he brought up Greenland in the first term and 111 00:05:40,000 --> 00:05:42,279 Speaker 2: we went he's off its rocker, But it seems he 112 00:05:42,320 --> 00:05:44,400 Speaker 2: was very serious about that. We'll discuss Greenland here in 113 00:05:44,400 --> 00:05:47,279 Speaker 2: a moment. But now we're seeing things going on in Iran. 114 00:05:47,960 --> 00:05:50,360 Speaker 2: We're seeing protesters in the street, and we're getting reports. 115 00:05:51,400 --> 00:05:54,440 Speaker 2: No one denies that there are protesters that have been killed. 116 00:05:55,560 --> 00:05:58,520 Speaker 2: What they are questioning is how many. Was it six 117 00:05:58,600 --> 00:06:01,279 Speaker 2: hundred as the US said, is at three thousand as 118 00:06:01,400 --> 00:06:04,040 Speaker 2: some international AIDS groups have said. So what we do 119 00:06:04,120 --> 00:06:07,720 Speaker 2: know is hundreds, at the very least okay have been killed. 120 00:06:08,480 --> 00:06:11,200 Speaker 2: The President was told yesterday we had the audio that 121 00:06:11,760 --> 00:06:14,200 Speaker 2: there were rumors that there were people that were going 122 00:06:14,240 --> 00:06:16,839 Speaker 2: to be put up in a kangaroo court, tried and 123 00:06:16,880 --> 00:06:19,440 Speaker 2: then hung. And he said, well, that's not gonna happen. 124 00:06:19,480 --> 00:06:23,400 Speaker 2: The President now says no. In fact, you heard marks News. 125 00:06:24,120 --> 00:06:26,200 Speaker 2: President Trump said that the US has been informed from 126 00:06:26,200 --> 00:06:29,640 Speaker 2: the New York Times that the killing in Iran has stopped. 127 00:06:30,279 --> 00:06:33,279 Speaker 2: Excuse me, is stopping has stopped, and there's no plans 128 00:06:33,320 --> 00:06:35,760 Speaker 2: for executions. When asked whether he could trust the statements 129 00:06:35,760 --> 00:06:38,039 Speaker 2: out of Iran, the President said, we were given a 130 00:06:38,120 --> 00:06:40,600 Speaker 2: very good statement by people that were aware of what's 131 00:06:40,680 --> 00:06:46,360 Speaker 2: going on. So is this trust but verifying situation because 132 00:06:46,560 --> 00:06:49,000 Speaker 2: ABC seven was reporting that we do have some people 133 00:06:49,040 --> 00:06:51,440 Speaker 2: saying maybe best to get out of that area. 134 00:06:51,560 --> 00:06:55,000 Speaker 5: The protests in Iran now approaching three weeks. A human 135 00:06:55,080 --> 00:06:58,920 Speaker 5: rights group says nearly twenty five hundred people have been killed, 136 00:06:59,120 --> 00:07:02,760 Speaker 5: including at least twelve protesters under the age of eighteen. 137 00:07:03,320 --> 00:07:06,200 Speaker 5: The demonstrators marching against the regime. 138 00:07:05,880 --> 00:07:07,480 Speaker 2: Over economic concerns. 139 00:07:07,800 --> 00:07:12,080 Speaker 5: Video broadcast by Iranian state TV Wednesday shows Iron's judiciary 140 00:07:12,160 --> 00:07:16,440 Speaker 5: chief bowing fast trials for suspects arrested over protests. 141 00:07:16,720 --> 00:07:17,680 Speaker 6: Twenty six year. 142 00:07:17,520 --> 00:07:21,320 Speaker 5: Old Erfon Sultani was arrested last week. An activists say 143 00:07:21,400 --> 00:07:25,840 Speaker 5: he now faces imminent execution. His family now telling ABC 144 00:07:26,040 --> 00:07:30,360 Speaker 5: they can't sleep waiting for news. President Trump is expressing 145 00:07:30,360 --> 00:07:34,000 Speaker 5: his support for the demonstrators, posting on social media warning 146 00:07:34,040 --> 00:07:37,400 Speaker 5: the regime that if they start executing people, quote, we 147 00:07:37,520 --> 00:07:39,200 Speaker 5: will take very strong action. 148 00:07:39,640 --> 00:07:42,960 Speaker 2: Okay, So very strong action sure sounds to me like 149 00:07:43,080 --> 00:07:46,520 Speaker 2: that means there's gonna be military intervention. Now, very strong 150 00:07:46,560 --> 00:07:49,800 Speaker 2: action is a very broad definition of The president is 151 00:07:49,840 --> 00:07:51,920 Speaker 2: intentionally being vague about this because he doesn't want to 152 00:07:51,960 --> 00:07:54,600 Speaker 2: tip his hat, right, he doesn't want to show what's 153 00:07:54,960 --> 00:07:57,000 Speaker 2: what the cards are in his hands? So does that 154 00:07:57,080 --> 00:08:01,160 Speaker 2: mean airstrikes? That would? I mean that is sort of 155 00:08:01,320 --> 00:08:04,440 Speaker 2: historically the first step doesn't mean boots on the ground. 156 00:08:04,640 --> 00:08:07,400 Speaker 2: That's what we saw happen with Maduro, right, So we 157 00:08:07,400 --> 00:08:09,560 Speaker 2: don't know exactly what that means. And I think he's 158 00:08:09,600 --> 00:08:10,640 Speaker 2: being intentionally. 159 00:08:10,240 --> 00:08:13,120 Speaker 5: Big promising Iranians that help is on the way. 160 00:08:13,280 --> 00:08:19,840 Speaker 7: You all Iranian patriots, keep protesting, take over your institutions 161 00:08:19,880 --> 00:08:23,280 Speaker 7: if possible, and shave the name of the killers and 162 00:08:23,320 --> 00:08:25,920 Speaker 7: the abusers that are abusing you us. 163 00:08:25,840 --> 00:08:30,600 Speaker 2: Efficient So basically, it's like, make a list, make a list. 164 00:08:30,320 --> 00:08:34,280 Speaker 5: Affirming that some personnel have been advised to leave all 165 00:08:34,360 --> 00:08:36,160 Speaker 5: Udaide airbase in nearby Guitar. 166 00:08:36,520 --> 00:08:39,280 Speaker 2: Okay, so why are they leaving the air base in 167 00:08:39,600 --> 00:08:42,480 Speaker 2: Qatar or cutter however you want to say it, Because 168 00:08:42,520 --> 00:08:47,960 Speaker 2: the pronouncing that with my Anglo voice is actually kind 169 00:08:47,960 --> 00:08:49,400 Speaker 2: of tough to do. I don't know if you've tried 170 00:08:49,440 --> 00:08:51,600 Speaker 2: to do that. It's kind of tough. So here's what 171 00:08:52,520 --> 00:08:57,360 Speaker 2: here's what the stitch may be. Iran has said that 172 00:08:57,400 --> 00:08:59,520 Speaker 2: if the US does anything, they're going to strike out, 173 00:08:59,559 --> 00:09:01,760 Speaker 2: So there may be concerns that Iran is I don't know, 174 00:09:01,800 --> 00:09:04,200 Speaker 2: potentially gonna do some preemptive stuff. I have no idea. 175 00:09:04,640 --> 00:09:07,160 Speaker 2: Maybe there's concerns that, oh, we are going to take action, 176 00:09:07,320 --> 00:09:11,040 Speaker 2: and if we do, there may be retribution on the 177 00:09:11,040 --> 00:09:16,160 Speaker 2: part of the Iranian military. This seems very precautionary rather 178 00:09:16,200 --> 00:09:20,160 Speaker 2: than preparatory to me, rather than we're getting ready to 179 00:09:20,600 --> 00:09:22,920 Speaker 2: do things and that's why we want not essential personnel 180 00:09:22,920 --> 00:09:25,000 Speaker 2: out of there. It's more along the lines of let's 181 00:09:25,000 --> 00:09:27,160 Speaker 2: get non essential personnel out of there so that if 182 00:09:27,240 --> 00:09:29,560 Speaker 2: things go down, we don't have to worry about it. 183 00:09:30,040 --> 00:09:33,839 Speaker 2: So it seems precautionary rather than preparatory. I don't know 184 00:09:33,840 --> 00:09:35,640 Speaker 2: if that makes sense. It does in my mind, and 185 00:09:35,640 --> 00:09:40,280 Speaker 2: that's all that matters. So Iran is one thing. Now 186 00:09:40,320 --> 00:09:42,400 Speaker 2: people are saying this is so overblown, and I hate 187 00:09:42,440 --> 00:09:45,360 Speaker 2: when people do it. They're saying world War three, world 188 00:09:45,440 --> 00:09:48,720 Speaker 2: War three, Let's not say World War three. But Russia 189 00:09:48,920 --> 00:09:51,280 Speaker 2: is talking about Greenland right now, So now you've got 190 00:09:51,280 --> 00:09:55,960 Speaker 2: two superpowers talking about the same land. Although are they aligning? 191 00:09:56,040 --> 00:09:59,439 Speaker 2: President Trump starts talking about taking a Greenland, Russia is 192 00:09:59,480 --> 00:10:02,720 Speaker 2: talking about what their role might be, and NATO seems 193 00:10:02,720 --> 00:10:05,840 Speaker 2: more dazed and confused than usual. So everyone's new favorite 194 00:10:05,880 --> 00:10:07,959 Speaker 2: strategic obsession is next. 195 00:10:08,920 --> 00:10:13,679 Speaker 1: You're listening to KFI AM six forty on demand. 196 00:10:16,720 --> 00:10:21,640 Speaker 2: The youard Mark talk about the Olympic. The registration for 197 00:10:21,760 --> 00:10:27,760 Speaker 2: your chance at an opportunity to maybe buy tickets to 198 00:10:28,080 --> 00:10:31,600 Speaker 2: the twenty eight Olympics open today. I just got my 199 00:10:31,640 --> 00:10:35,320 Speaker 2: confirmation email here, old Low, what is this? Let me see, 200 00:10:35,520 --> 00:10:38,240 Speaker 2: you're officially registered for the LA ticket draw. Will be 201 00:10:38,320 --> 00:10:41,040 Speaker 2: notified about whether you will receive a time slot in 202 00:10:41,080 --> 00:10:47,240 Speaker 2: the first drop. Okay, that's if I'm registered with an 203 00:10:47,240 --> 00:10:50,599 Speaker 2: eligible postal code. Okay, well I did results of the 204 00:10:50,679 --> 00:10:52,800 Speaker 2: draw fin out between March thirty first and April seventh, 205 00:10:52,800 --> 00:10:55,360 Speaker 2: whether he's been selected for a time slot to purchase 206 00:10:55,760 --> 00:10:59,080 Speaker 2: the LA twenty eight Olympic Games tickets. So wait a minute, Mark, 207 00:11:00,080 --> 00:11:01,480 Speaker 2: you know more about the story, does it? So they're 208 00:11:01,520 --> 00:11:04,600 Speaker 2: gonna say you can buy tickets sometime between the hours 209 00:11:04,640 --> 00:11:07,480 Speaker 2: of ten pm at eleven pm or one am and 210 00:11:07,520 --> 00:11:10,600 Speaker 2: two am or something. I don't have that information. Sorry, 211 00:11:11,120 --> 00:11:13,400 Speaker 2: this is so confusing. Wait, so when you register, do 212 00:11:13,440 --> 00:11:16,120 Speaker 2: you because we had that talk back about the guy 213 00:11:16,160 --> 00:11:18,640 Speaker 2: that is going to go see the wrestlers. Yeah, so 214 00:11:18,720 --> 00:11:23,480 Speaker 2: you you register, But do you choose a sport? Yes? 215 00:11:23,559 --> 00:11:26,000 Speaker 2: You can choose up the five sports that you want 216 00:11:26,200 --> 00:11:29,000 Speaker 2: that you might want tickets for. Oh okay, but even 217 00:11:29,040 --> 00:11:32,560 Speaker 2: then that's just to get into the lottery. Yes, okay, 218 00:11:33,120 --> 00:11:35,760 Speaker 2: And I picked popular sports, so there's no way I'm 219 00:11:35,760 --> 00:11:39,719 Speaker 2: getting drawn. I should have taken artistic swimming at least, 220 00:11:39,760 --> 00:11:42,199 Speaker 2: then i'd go. Did you You can also sign up for 221 00:11:42,280 --> 00:11:46,080 Speaker 2: like opening and closing ceremonies too. Did you pick tennis? No, 222 00:11:46,320 --> 00:11:48,280 Speaker 2: that'd be all rights take. 223 00:11:48,200 --> 00:11:50,400 Speaker 5: Forever though, But they're so good, especially when they're the 224 00:11:50,440 --> 00:11:51,520 Speaker 5: famous players. 225 00:11:51,640 --> 00:11:54,320 Speaker 2: Yeah, you're right about that. I just feel like, you know, what, 226 00:11:54,440 --> 00:11:56,320 Speaker 2: if I go to a basketball game, it's like it's 227 00:11:57,040 --> 00:11:59,199 Speaker 2: an hour and a half, two hours tops. That's good 228 00:11:59,240 --> 00:12:02,400 Speaker 2: for me, you know, too much longer than that, I 229 00:12:02,400 --> 00:12:05,560 Speaker 2: start to get bored. Let's start to scroll. I don't 230 00:12:05,559 --> 00:12:08,880 Speaker 2: need that. Try badminton, that'd be fun to go to. 231 00:12:10,640 --> 00:12:11,839 Speaker 2: I would like you what is it? Hold on? What 232 00:12:11,920 --> 00:12:14,120 Speaker 2: is it? Time slot is the date in time you 233 00:12:14,160 --> 00:12:16,720 Speaker 2: may be assigned to purchase tickets within a ticket drop 234 00:12:16,800 --> 00:12:19,520 Speaker 2: following registration for the draw. Time slots are assigned to 235 00:12:19,559 --> 00:12:26,120 Speaker 2: select individuals who have registered. Okay, so I don't know. 236 00:12:26,240 --> 00:12:28,800 Speaker 2: They haven't really told me when the ticket drop is 237 00:12:28,840 --> 00:12:30,360 Speaker 2: gonna This could be one of those deals where I 238 00:12:30,400 --> 00:12:32,280 Speaker 2: have to be up at three o'clock in the morning. 239 00:12:33,440 --> 00:12:35,680 Speaker 2: You can do that. I'm looking at the whole list 240 00:12:35,720 --> 00:12:38,160 Speaker 2: of events right now. Taekwondo is the one you want? 241 00:12:38,600 --> 00:12:41,280 Speaker 2: That'd be a good one. Yeah, honestly, they're all, even 242 00:12:41,280 --> 00:12:43,000 Speaker 2: the ones I'm kind of mocking a little bit. I 243 00:12:43,160 --> 00:12:46,400 Speaker 2: still would if somebody was like, Okay, this one's available, 244 00:12:46,520 --> 00:12:49,200 Speaker 2: I would go just to be at the Olympics. I 245 00:12:49,240 --> 00:12:53,600 Speaker 2: bet you got a shot at fencing. Fencing would be awesome, 246 00:12:54,120 --> 00:12:56,920 Speaker 2: would be really cool. I feel like that one's pretty popular, though. 247 00:12:56,920 --> 00:12:59,280 Speaker 2: How about any sport that involves weapons, so that would 248 00:12:59,320 --> 00:13:02,840 Speaker 2: involve like the shit or the fencing, that's not a 249 00:13:02,840 --> 00:13:06,120 Speaker 2: bad fing Boxing would be good too, Boxing be great. 250 00:13:06,640 --> 00:13:08,600 Speaker 2: I bet boxing is gonna be really popular. I bet 251 00:13:08,600 --> 00:13:11,080 Speaker 2: that one has a long list of that's not probably huge. Yeah, 252 00:13:11,120 --> 00:13:13,800 Speaker 2: I bet it's gonna be big. How do we feel 253 00:13:13,840 --> 00:13:16,280 Speaker 2: if we face off against Denmark? Are we're gonna be 254 00:13:16,280 --> 00:13:17,280 Speaker 2: like Denmark? 255 00:13:18,160 --> 00:13:18,600 Speaker 7: Get them? 256 00:13:19,120 --> 00:13:21,319 Speaker 2: Well, it was a nice seventy years or so with NATO. 257 00:13:21,480 --> 00:13:24,160 Speaker 2: That's been a great run. So that's a really good 258 00:13:24,200 --> 00:13:26,400 Speaker 2: point you bring up about NATO. President Trump says we 259 00:13:26,559 --> 00:13:31,480 Speaker 2: have to have Greenland. So he says the US needs Greenland, 260 00:13:31,480 --> 00:13:34,160 Speaker 2: and anything less than American control of the island would 261 00:13:34,160 --> 00:13:37,120 Speaker 2: be unacceptable. ABC seven was reporting on that after an. 262 00:13:37,040 --> 00:13:39,920 Speaker 3: Hour's long meeting with Secretary of State Marco Rubio and 263 00:13:40,000 --> 00:13:42,640 Speaker 3: Vice President JD Vance at the White House today, a 264 00:13:42,720 --> 00:13:45,679 Speaker 3: clear message from Denmark and Greenland. 265 00:13:45,320 --> 00:13:50,199 Speaker 8: Ideas that would not respect territorial integrity of the Kingdom 266 00:13:50,240 --> 00:13:53,800 Speaker 8: of Denmark and the riot of such determination of the 267 00:13:53,840 --> 00:13:57,800 Speaker 8: green Landing people, of course, totally unacceptable. 268 00:13:58,080 --> 00:14:00,520 Speaker 3: The Trump administration has said for months that it wants 269 00:14:00,600 --> 00:14:04,840 Speaker 3: to acquire Greenland for national security. The President falsely claims 270 00:14:04,920 --> 00:14:08,040 Speaker 3: China and Russia are building a military presence off the 271 00:14:08,040 --> 00:14:11,240 Speaker 3: coast of Greenland, which Arctic researchers have refuted. 272 00:14:11,679 --> 00:14:13,680 Speaker 7: If we don't go in, Russia is going to go in, 273 00:14:13,720 --> 00:14:16,320 Speaker 7: and China is going to go in, and there's not 274 00:14:16,440 --> 00:14:18,520 Speaker 7: a thing that Denmark can do about it, but we 275 00:14:18,559 --> 00:14:19,880 Speaker 7: can do everything about it. 276 00:14:20,320 --> 00:14:22,560 Speaker 2: Okay, So the researchers saying no, they're not, but the 277 00:14:22,560 --> 00:14:27,160 Speaker 2: President's oh yes they are. Now this may bolster the 278 00:14:27,200 --> 00:14:30,560 Speaker 2: president's position on this because Russia has now volunteered to 279 00:14:30,560 --> 00:14:34,080 Speaker 2: help us out if we want to invade Greenland. Russia 280 00:14:34,080 --> 00:14:38,120 Speaker 2: says they will help us out. Why would Russia do that? Well, 281 00:14:38,160 --> 00:14:40,600 Speaker 2: Russia would do that because if we invaded Greenland, that 282 00:14:40,640 --> 00:14:46,440 Speaker 2: would be basically military action against another NATO ally who 283 00:14:46,560 --> 00:14:50,680 Speaker 2: hates NATO. I think we know who needs hates NATO. 284 00:14:50,840 --> 00:14:52,920 Speaker 2: We got a pretty good we have a clear picture 285 00:14:52,960 --> 00:14:56,520 Speaker 2: on that one. So Russia would love the idea of 286 00:14:56,600 --> 00:15:01,600 Speaker 2: US doing something like this because it would mess with NATO. 287 00:15:02,760 --> 00:15:08,000 Speaker 2: They love the idea of messing with NATO. Uh, And 288 00:15:08,040 --> 00:15:11,000 Speaker 2: that would be uh, it would be beneficial to them. 289 00:15:12,200 --> 00:15:14,640 Speaker 2: I mean, what's half The big argument over Ukraine is 290 00:15:14,640 --> 00:15:16,200 Speaker 2: that Ukraine wants to be a part of NATO, and 291 00:15:16,280 --> 00:15:19,760 Speaker 2: Russia's like, absolutely no, not no treaty that we ever signed. 292 00:15:19,760 --> 00:15:21,800 Speaker 2: If we stop this war, you cannot be a part 293 00:15:21,840 --> 00:15:26,480 Speaker 2: of NATO. Russia hates NATO. But here's some food for thought. 294 00:15:26,520 --> 00:15:27,680 Speaker 2: And I want to I want to I want to 295 00:15:27,720 --> 00:15:30,360 Speaker 2: mention this delicately because I know, I know for some 296 00:15:30,400 --> 00:15:31,960 Speaker 2: of you you're gonna you're gonna get upset with me 297 00:15:32,000 --> 00:15:36,480 Speaker 2: for even mentioning it. But I want you to think 298 00:15:36,480 --> 00:15:39,200 Speaker 2: about this. We talk about the strategic areas and we're 299 00:15:39,240 --> 00:15:45,080 Speaker 2: concerned about the strategic necessity for Greenland. America's security is 300 00:15:45,080 --> 00:15:47,640 Speaker 2: dependent on it. Right, this is what we're being told. 301 00:15:48,000 --> 00:15:50,400 Speaker 2: And why is that? Well, because there's a threat from 302 00:15:50,480 --> 00:15:54,120 Speaker 2: Russia and Russia has access to the Arctic Circle. Of Russia, 303 00:15:54,160 --> 00:15:57,080 Speaker 2: I think has I believe correct me if I'm wrong 304 00:15:57,080 --> 00:15:59,000 Speaker 2: on this, but I believe Russia has the largest access 305 00:15:59,000 --> 00:16:02,320 Speaker 2: to the Arctic Circle. And so we say, well, we 306 00:16:02,400 --> 00:16:04,040 Speaker 2: have to have a larger axis. Right now, our only 307 00:16:04,080 --> 00:16:07,720 Speaker 2: access to the Arctic Circle is Alaska. And actually we 308 00:16:07,760 --> 00:16:10,560 Speaker 2: do have a number of agreements worked out with Denmark 309 00:16:10,600 --> 00:16:12,760 Speaker 2: that we can have bases in Greenland, and Denmark has 310 00:16:12,800 --> 00:16:14,640 Speaker 2: even said you can put them anywhere, just tell us 311 00:16:14,640 --> 00:16:17,480 Speaker 2: where won't want you to put them in. But I 312 00:16:17,520 --> 00:16:19,680 Speaker 2: want you to think about this. Why are we so 313 00:16:19,840 --> 00:16:26,800 Speaker 2: interested in Greenland? We go we're willing to potentially enter 314 00:16:26,880 --> 00:16:30,280 Speaker 2: into a military conflict with a NATO ally in order 315 00:16:30,400 --> 00:16:32,960 Speaker 2: to have a position in the Arctic Circle, so we 316 00:16:32,960 --> 00:16:36,600 Speaker 2: can defend ourselves against Russia if we're going to take 317 00:16:36,600 --> 00:16:39,640 Speaker 2: military action. We're worried about Russia. Why are we attacking Denmark? 318 00:16:40,000 --> 00:16:44,080 Speaker 2: Why wouldn't we Why wouldn't we say Russia? If the 319 00:16:44,080 --> 00:16:47,520 Speaker 2: concern is Russia and China? Why are we picking fights 320 00:16:47,520 --> 00:16:51,880 Speaker 2: with Denmark? And I think it's pretty obvious because Denmark 321 00:16:51,880 --> 00:16:54,880 Speaker 2: isn't as strong. It's easier to pick a fight with Denmark. 322 00:16:55,480 --> 00:16:57,760 Speaker 2: It's easier to pick a fight with the WHIMPI kid 323 00:16:57,760 --> 00:16:59,640 Speaker 2: on the playground than it is to take on the 324 00:16:59,640 --> 00:17:04,840 Speaker 2: bullies that you're actually afraid of. All right from the talkbacks, Chris, I. 325 00:17:04,760 --> 00:17:07,960 Speaker 6: Don't care where you stand on any issue, but will 326 00:17:08,000 --> 00:17:15,320 Speaker 6: you please quit saying Iran and the Iranians? It's Iran Iranians. 327 00:17:15,640 --> 00:17:18,720 Speaker 2: Oh, you know what, I really try not to say Iran, 328 00:17:19,359 --> 00:17:22,199 Speaker 2: just to be clear. I try to say Iran, but 329 00:17:22,240 --> 00:17:24,600 Speaker 2: you're right, I should say Iran. You're right about that. 330 00:17:24,880 --> 00:17:26,000 Speaker 6: Pronounce it correctly. 331 00:17:26,119 --> 00:17:26,680 Speaker 2: Yeah, you're right. 332 00:17:26,720 --> 00:17:30,480 Speaker 6: And it's just in case anybody's asking. The state in 333 00:17:30,520 --> 00:17:36,240 Speaker 6: the United States with the gambling casinos is Nevada. 334 00:17:36,760 --> 00:17:40,560 Speaker 2: No, not Nevada. You are wrong, you know, get it right? 335 00:17:41,160 --> 00:17:41,520 Speaker 6: Thanks? 336 00:17:41,560 --> 00:17:45,879 Speaker 2: Lovely. Yeah, you are dead wrong on that. Here's my proof. Nevada, 337 00:17:46,119 --> 00:17:50,000 Speaker 2: that's exactly right. Nevada. Don't you say Nevada. Don't you 338 00:17:50,080 --> 00:17:53,800 Speaker 2: say Nevada Nevada. You better say it right or else 339 00:17:53,920 --> 00:17:58,360 Speaker 2: I will turn you in if necessary. And I know 340 00:17:58,359 --> 00:18:01,160 Speaker 2: what you're gonna say. Oh may how you can't say 341 00:18:01,200 --> 00:18:04,800 Speaker 2: that it's not right, it's no. Let me give you 342 00:18:04,840 --> 00:18:07,240 Speaker 2: full context on this. You can say it the way 343 00:18:07,280 --> 00:18:09,040 Speaker 2: you said it, but they're gonna kill you. And it's 344 00:18:09,040 --> 00:18:09,800 Speaker 2: not me saying that. 345 00:18:09,840 --> 00:18:12,480 Speaker 4: Nevada Nevada. 346 00:18:12,640 --> 00:18:13,879 Speaker 2: And you know what I said. 347 00:18:14,600 --> 00:18:17,320 Speaker 4: You know what I said. I said when I came 348 00:18:17,359 --> 00:18:20,360 Speaker 4: out here, I said, nobody says it the other way. 349 00:18:20,400 --> 00:18:22,879 Speaker 2: It has to be Nevada. That's right, right. 350 00:18:23,680 --> 00:18:27,120 Speaker 4: And if you don't say it correctly, and it didn't 351 00:18:27,160 --> 00:18:28,639 Speaker 4: happen to me, but it happened to a friend of 352 00:18:28,680 --> 00:18:30,080 Speaker 4: mine who was killed. 353 00:18:30,040 --> 00:18:34,960 Speaker 2: They will kill you. So so you know you better 354 00:18:35,000 --> 00:18:43,440 Speaker 2: say nevadaaa. Get it right, Get it Nevada right, Get 355 00:18:43,480 --> 00:18:47,400 Speaker 2: it right, you know, get it right. That's exactly right. 356 00:18:49,520 --> 00:18:54,320 Speaker 2: Maybe you'd be happier in Iran. And I say, I say, 357 00:18:54,680 --> 00:18:57,560 Speaker 2: I say, I guess I said Iran, didn't I I 358 00:18:57,560 --> 00:18:59,720 Speaker 2: tried saying hard eye, but you're right, I should say 359 00:18:59,720 --> 00:19:03,760 Speaker 2: the soft iran. Most Americans do say it incorrectly, though 360 00:19:03,800 --> 00:19:06,000 Speaker 2: it's annoying. One hundred percent agree with you on that. 361 00:19:06,080 --> 00:19:08,560 Speaker 2: I try not to, but I will. I will work 362 00:19:08,600 --> 00:19:10,359 Speaker 2: hard around that. Thank you for the correction. Thank you. 363 00:19:10,920 --> 00:19:13,080 Speaker 2: Closer to home, but still frozen. You may find yourself 364 00:19:13,119 --> 00:19:17,240 Speaker 2: paralyzed in the housing market. Could be you wanna callax 365 00:19:17,280 --> 00:19:19,320 Speaker 2: at your family, but dang that interest rates you have 366 00:19:19,400 --> 00:19:21,679 Speaker 2: on your home, it's double in value. It is tough 367 00:19:21,720 --> 00:19:24,960 Speaker 2: to walk away from. Or if you're like me, you're 368 00:19:25,000 --> 00:19:27,159 Speaker 2: waiting for someone who's willing to take a bath on 369 00:19:27,200 --> 00:19:31,080 Speaker 2: their house or die. Turns out we might both be screwed. 370 00:19:31,240 --> 00:19:32,760 Speaker 2: Who's doing the screwing is next? 371 00:19:33,320 --> 00:19:37,200 Speaker 1: You're listening to KFI AM six forty on demand. 372 00:19:38,720 --> 00:19:41,560 Speaker 2: Chris Merrill. Pleasure being with you, Thank you so much. 373 00:19:41,760 --> 00:19:47,680 Speaker 2: I was on Zillo today, Oh man, what did you say? 374 00:19:47,880 --> 00:19:51,080 Speaker 2: Ronnor Zillow is now replacing Grinder on your your evening 375 00:19:51,119 --> 00:19:55,800 Speaker 2: scrolling or not Grinder precisely, but but I thought that's 376 00:19:55,800 --> 00:19:58,359 Speaker 2: what you said. Any adult viewing that I have done, 377 00:19:58,480 --> 00:20:01,880 Speaker 2: moment said, it's all It's all house listings now all 378 00:20:01,960 --> 00:20:04,760 Speaker 2: unattainable fantasy stuff I'll never have. Do you do? What 379 00:20:04,840 --> 00:20:06,680 Speaker 2: are you actually looking like? If you see something, would 380 00:20:06,720 --> 00:20:08,800 Speaker 2: you pull the trigger? Or is it got? Just like, 381 00:20:08,800 --> 00:20:11,600 Speaker 2: oh what's out there? There is no trick? Yeah, financially 382 00:20:11,600 --> 00:20:12,600 Speaker 2: I'm firing blanks. 383 00:20:12,680 --> 00:20:12,960 Speaker 4: I know. 384 00:20:13,520 --> 00:20:16,280 Speaker 2: Same here. I can't afford at the house in la 385 00:20:16,400 --> 00:20:17,040 Speaker 2: Are you kidding? 386 00:20:17,200 --> 00:20:17,280 Speaker 4: No? 387 00:20:17,400 --> 00:20:21,960 Speaker 2: I know rental is not horrible, Well it's not great, 388 00:20:22,119 --> 00:20:26,280 Speaker 2: but I mean your options are really limited. Yeah. Yeah, 389 00:20:26,320 --> 00:20:27,440 Speaker 2: they're a little bit of now than they were a 390 00:20:27,480 --> 00:20:29,720 Speaker 2: few months back though. Inventory is opening up a little 391 00:20:29,720 --> 00:20:32,800 Speaker 2: bit and that's good. But it just breaks my heart 392 00:20:32,880 --> 00:20:36,080 Speaker 2: because I just I know what I pay right now, 393 00:20:36,480 --> 00:20:40,920 Speaker 2: and I hate I hate long drives. So I'm like, oh, 394 00:20:40,960 --> 00:20:43,359 Speaker 2: what's close to the station? Oh? They just built those 395 00:20:43,359 --> 00:20:45,840 Speaker 2: places right across from the station in the last I 396 00:20:45,880 --> 00:20:47,800 Speaker 2: mean window does open up like four or five years 397 00:20:47,800 --> 00:20:50,560 Speaker 2: ago something like that. Yeah, how much are those going for? Now? Wait? 398 00:20:50,560 --> 00:20:52,919 Speaker 2: Which places are you talking about? The places above the 399 00:20:53,000 --> 00:20:57,000 Speaker 2: Whole Foods? Both full food right exactly? That's all ystopian 400 00:20:57,040 --> 00:21:00,680 Speaker 2: to me. I'm not living above a Whole Foods. See 401 00:21:00,720 --> 00:21:03,160 Speaker 2: that's funny you say that, because I'm all like, that's convenience. Oh, 402 00:21:03,160 --> 00:21:06,119 Speaker 2: really okay. I'm curious how much it is though, And 403 00:21:06,160 --> 00:21:08,000 Speaker 2: I don't know where you're looking at because I look 404 00:21:08,000 --> 00:21:11,080 Speaker 2: at apartment listings all the time too, and it's still 405 00:21:11,160 --> 00:21:13,720 Speaker 2: just nuts. Hang on, what is it right across it? 406 00:21:13,840 --> 00:21:17,080 Speaker 2: They've got to be, like, I mean, hilarious. Starts at 407 00:21:17,280 --> 00:21:22,239 Speaker 2: three grand, keep going right. Bedrooms one bedroom available over 408 00:21:22,280 --> 00:21:26,840 Speaker 2: there right now starts at thirty eight hundred shy, but 409 00:21:27,160 --> 00:21:29,640 Speaker 2: it's just a short walk to the hot bar. Well. 410 00:21:29,720 --> 00:21:36,080 Speaker 2: I I was genuinely trying to trying to rationalize it 411 00:21:36,080 --> 00:21:38,320 Speaker 2: in my head. Could I do that but then sell 412 00:21:38,359 --> 00:21:40,800 Speaker 2: my car because I would live so close to work? 413 00:21:40,920 --> 00:21:42,800 Speaker 2: But I'm I'm still kind of a car guy, so 414 00:21:42,840 --> 00:21:44,440 Speaker 2: I don't. I don't know if I could do that. 415 00:21:45,840 --> 00:21:47,320 Speaker 2: I know, and you know, the car stays in the 416 00:21:47,320 --> 00:21:49,080 Speaker 2: garage most of the time anywhere, and I guess the 417 00:21:49,119 --> 00:21:51,800 Speaker 2: parking instruction most of the time anyway. But man, well 418 00:21:51,840 --> 00:21:54,879 Speaker 2: that and that's actually not a bad move because I 419 00:21:54,960 --> 00:21:56,360 Speaker 2: picked up a couple of people when I was doing 420 00:21:56,440 --> 00:22:00,240 Speaker 2: Uber and they negotiated a lower rent to get up 421 00:22:00,280 --> 00:22:02,720 Speaker 2: their parking spot and they just took ubers all the time. 422 00:22:03,200 --> 00:22:06,120 Speaker 2: That's not a bad idea, actually, and they should cost 423 00:22:06,119 --> 00:22:11,160 Speaker 2: them in ubers every month, though, I know. Yeah, so dang. 424 00:22:11,240 --> 00:22:12,560 Speaker 2: I was just looking at this and I was thinking, 425 00:22:12,600 --> 00:22:14,600 Speaker 2: because I'd love to buy, but you know, buying you 426 00:22:14,640 --> 00:22:15,919 Speaker 2: just can't do it. I was looking at the predictions 427 00:22:15,960 --> 00:22:21,160 Speaker 2: for the housing market too, and they are tough. They 428 00:22:21,200 --> 00:22:24,440 Speaker 2: say that the okay, I'm getting a little bit. This 429 00:22:24,480 --> 00:22:26,919 Speaker 2: is the tough thing about reading any stories about the 430 00:22:27,000 --> 00:22:29,439 Speaker 2: economy or the housing market, that kind of thing. So, 431 00:22:30,080 --> 00:22:33,680 Speaker 2: for instance, I've got a story about the housing market 432 00:22:33,720 --> 00:22:36,040 Speaker 2: getting locked in. All right, the lock in effect this 433 00:22:36,080 --> 00:22:39,040 Speaker 2: is people who have low interest rates, and mortgage rates 434 00:22:39,080 --> 00:22:42,040 Speaker 2: are at best, we might see them at five and 435 00:22:42,040 --> 00:22:44,800 Speaker 2: a half percent, they say. And so they're like, yeah, 436 00:22:44,800 --> 00:22:46,479 Speaker 2: but if somebody's got a they've got an interest rate 437 00:22:46,480 --> 00:22:49,320 Speaker 2: at three percent, they don't want to move because even 438 00:22:49,320 --> 00:22:51,520 Speaker 2: if they're downsizing, they might end up with a similar 439 00:22:51,520 --> 00:22:54,639 Speaker 2: payment because the interest rate is so much higher. And 440 00:22:54,680 --> 00:22:56,600 Speaker 2: so they've they've locked in. They're not gonna go anywhere, 441 00:22:56,760 --> 00:22:58,640 Speaker 2: and as long as their homes aren't losing value, there's 442 00:22:58,640 --> 00:23:03,200 Speaker 2: no real reason to leave. So even if you were say, 443 00:23:03,280 --> 00:23:05,320 Speaker 2: you know, your kids went off to college, so now 444 00:23:05,359 --> 00:23:07,560 Speaker 2: you're thinking, oh, we're empty nesters. We can downsize. We 445 00:23:07,600 --> 00:23:10,000 Speaker 2: don't need four bedrooms. Now we can get buy on 446 00:23:10,040 --> 00:23:12,880 Speaker 2: two bedrooms, and so now we can downsize and save 447 00:23:12,960 --> 00:23:15,640 Speaker 2: some money. Give about why would you do that? Because 448 00:23:16,480 --> 00:23:19,000 Speaker 2: the price of a new two bedroom plus the interest 449 00:23:19,080 --> 00:23:22,800 Speaker 2: rate is stupid. I mean you might end up paying 450 00:23:22,800 --> 00:23:24,719 Speaker 2: more for it in your monthly payment. So we're like, 451 00:23:24,760 --> 00:23:26,040 Speaker 2: you know what, I'm just gonna sit in my four 452 00:23:26,040 --> 00:23:30,000 Speaker 2: bedroom house with two empty bedrooms. Okay, so that's one thing. 453 00:23:30,480 --> 00:23:32,600 Speaker 2: But then all of a sudden, I see another story 454 00:23:33,000 --> 00:23:36,200 Speaker 2: out of the Washington Post and it talks about how 455 00:23:36,240 --> 00:23:39,280 Speaker 2: the lock and effect may be easing. Now. The reason 456 00:23:39,359 --> 00:23:44,040 Speaker 2: is people are swapping the easy killer. I know what 457 00:23:44,040 --> 00:23:48,679 Speaker 2: you're thinking. This is mortgage swapping. So what's happening is 458 00:23:48,680 --> 00:23:52,480 Speaker 2: you have people who got into a few years back. 459 00:23:53,480 --> 00:23:55,240 Speaker 2: My wife and I are in the situation the house 460 00:23:55,240 --> 00:23:57,320 Speaker 2: that we bought that she lives in far far away 461 00:23:57,320 --> 00:24:01,639 Speaker 2: from me, which is better for her. We got in 462 00:24:01,720 --> 00:24:03,960 Speaker 2: at that and we got an adjustable rate because we 463 00:24:03,960 --> 00:24:05,680 Speaker 2: thought the mortgage rates have to come back down, so 464 00:24:05,720 --> 00:24:08,280 Speaker 2: we got an adjustable rate at like five percent. But 465 00:24:08,280 --> 00:24:10,440 Speaker 2: the problem is is a five to one, which means 466 00:24:10,440 --> 00:24:12,280 Speaker 2: that after five years it can start going up one 467 00:24:12,320 --> 00:24:14,640 Speaker 2: percent every year, and I think it caps at something 468 00:24:14,720 --> 00:24:17,520 Speaker 2: like eight percent. So now people are getting near the 469 00:24:17,600 --> 00:24:21,840 Speaker 2: end of their arm loans and they're going, uh oh, 470 00:24:22,119 --> 00:24:24,520 Speaker 2: if I don't refinance, even if it's at five and 471 00:24:24,520 --> 00:24:27,080 Speaker 2: a half or six percent, I could end up paying 472 00:24:27,080 --> 00:24:29,720 Speaker 2: even more than that. So they're swapping out their mortgages 473 00:24:30,200 --> 00:24:33,080 Speaker 2: right or they're going through a they're going through another. 474 00:24:33,560 --> 00:24:35,680 Speaker 2: There's an investment term that is swapping out, where basically 475 00:24:35,760 --> 00:24:38,199 Speaker 2: you sell your lower rate mortgage to somebody else so 476 00:24:38,240 --> 00:24:40,760 Speaker 2: that they take the risk. That's another and I want 477 00:24:40,760 --> 00:24:45,560 Speaker 2: to get down that investing rabbit hole. But we're in 478 00:24:45,560 --> 00:24:48,159 Speaker 2: a situation now where maybe we see some people start 479 00:24:48,359 --> 00:24:50,439 Speaker 2: moving a little bit, and if that happens, then supply 480 00:24:50,640 --> 00:24:53,159 Speaker 2: might start to loosen. If supply loosens, then hopefully we 481 00:24:53,200 --> 00:24:55,160 Speaker 2: start to see some prices come down. But I gotta 482 00:24:55,200 --> 00:24:58,160 Speaker 2: tell you. I was talking with a real estate buddy 483 00:24:58,160 --> 00:24:59,760 Speaker 2: of mine and I said, hey, what are you seeing? 484 00:25:00,480 --> 00:25:01,880 Speaker 2: You know how it is in our industry. We talk 485 00:25:01,960 --> 00:25:04,399 Speaker 2: with with experts in different fields, and I talk with 486 00:25:04,440 --> 00:25:06,000 Speaker 2: the I talk with the real estate guy and he 487 00:25:06,080 --> 00:25:07,880 Speaker 2: always tells me it's a buyer's market because he knows 488 00:25:07,920 --> 00:25:10,280 Speaker 2: I don't have a place here I've just I rent. 489 00:25:11,000 --> 00:25:12,879 Speaker 2: And then I talked to an economist and he's got 490 00:25:12,880 --> 00:25:15,879 Speaker 2: a different angle kind of is like, nah, still uh 491 00:25:16,080 --> 00:25:19,040 Speaker 2: favoring sellers right now because the prices are still high. 492 00:25:19,320 --> 00:25:23,280 Speaker 2: They're edging down a little bit. But as rates start 493 00:25:23,320 --> 00:25:26,560 Speaker 2: to come down, then all of a sudden, buyers who 494 00:25:26,560 --> 00:25:30,600 Speaker 2: have been on the sideline start cruising Zillow again, which 495 00:25:30,640 --> 00:25:33,520 Speaker 2: means that there may be more demand. So I said 496 00:25:33,560 --> 00:25:35,959 Speaker 2: to the economist, what's gonna happen in the next year 497 00:25:36,080 --> 00:25:38,479 Speaker 2: is don't expect any major changes. Instead of the real 498 00:25:38,600 --> 00:25:41,080 Speaker 2: estate guy, what's gonna happen, he says, you better buy now, man, 499 00:25:41,600 --> 00:25:46,640 Speaker 2: You've got to get in now. So it's it's all over. Uh. 500 00:25:46,640 --> 00:25:50,160 Speaker 2: In fact, here I'm gonna give you two other conflicting headlines. 501 00:25:50,200 --> 00:25:53,760 Speaker 2: And this is what makes it so dagum hard headline 502 00:25:53,800 --> 00:25:57,199 Speaker 2: from Axios Mortgage rates will stay above six percent in 503 00:25:57,200 --> 00:26:02,160 Speaker 2: twenty twenty six, forecast say from NBC News. Mortgage rates 504 00:26:02,240 --> 00:26:04,840 Speaker 2: just fell below six percent for the first time in years. Okay, 505 00:26:04,840 --> 00:26:06,560 Speaker 2: so what is it? Is it gonna be above or below? 506 00:26:07,240 --> 00:26:09,440 Speaker 2: Here's what I've come to realize about this. And I 507 00:26:09,440 --> 00:26:12,200 Speaker 2: looked at a number of other projections, including for business journals. 508 00:26:13,040 --> 00:26:15,480 Speaker 2: If you are waiting like I am, I've got sort 509 00:26:15,480 --> 00:26:17,720 Speaker 2: of this mental threshold in my mind. It's about five percent. 510 00:26:17,800 --> 00:26:19,679 Speaker 2: I'd like to see things drop below five before I 511 00:26:19,840 --> 00:26:22,439 Speaker 2: in earnest start looking at a place to throw my 512 00:26:22,480 --> 00:26:25,960 Speaker 2: down payment money, which is, let me just tell you 513 00:26:26,000 --> 00:26:28,159 Speaker 2: that account is not building very quickly right now. I 514 00:26:28,200 --> 00:26:33,119 Speaker 2: could not afford a down payment on anything in southern California. 515 00:26:34,680 --> 00:26:36,919 Speaker 2: Maybe Central Alley, but not in southern California. I couldn't 516 00:26:36,920 --> 00:26:42,720 Speaker 2: do it. Mortgage rates on Friday fell below six percent 517 00:26:42,720 --> 00:26:44,760 Speaker 2: for the first time in years. I went to one 518 00:26:44,800 --> 00:26:48,159 Speaker 2: of those places at what is it, oh, one of 519 00:26:48,200 --> 00:26:50,560 Speaker 2: those lending places that tells you the different rates, and 520 00:26:50,600 --> 00:26:52,359 Speaker 2: they had they had one that was saying, oh, we 521 00:26:52,400 --> 00:26:56,400 Speaker 2: can get you in at five point three five percent APR. 522 00:26:56,480 --> 00:27:00,000 Speaker 2: And I thought, now, that's tantalizing, that's a little excite. 523 00:27:02,680 --> 00:27:05,119 Speaker 2: How long is it going to stay down there. I 524 00:27:05,160 --> 00:27:07,000 Speaker 2: don't expect that it's going to drop a whole lot. 525 00:27:07,000 --> 00:27:09,359 Speaker 2: And I was reading again other business journals and they 526 00:27:09,359 --> 00:27:11,159 Speaker 2: were showing, you know how they have that you know 527 00:27:11,240 --> 00:27:12,680 Speaker 2: when you look at the map when a hurricane is 528 00:27:12,720 --> 00:27:15,399 Speaker 2: coming and it says this is the projected path, and 529 00:27:15,440 --> 00:27:18,560 Speaker 2: then that the cone keeps getting larger. And what they 530 00:27:18,600 --> 00:27:21,280 Speaker 2: say is as the days go on, the hurricane could 531 00:27:21,320 --> 00:27:22,960 Speaker 2: go to this side of the cone or that side 532 00:27:22,960 --> 00:27:24,639 Speaker 2: of the cone, but the center is where we expect 533 00:27:24,640 --> 00:27:26,480 Speaker 2: most of it. I saw that with the mortgage rates. 534 00:27:26,480 --> 00:27:28,639 Speaker 2: They were showing the graph and it was showing it. 535 00:27:29,200 --> 00:27:31,560 Speaker 2: The chart was coming down generally because we saw mortgage 536 00:27:31,600 --> 00:27:34,399 Speaker 2: rates what it was like seven percent last year, and 537 00:27:34,400 --> 00:27:35,840 Speaker 2: it was showing it kind of coming down, and it 538 00:27:35,880 --> 00:27:37,840 Speaker 2: showed what it projected for the next few months and 539 00:27:37,880 --> 00:27:43,359 Speaker 2: throughout twenty twenty six and best case scenario down to 540 00:27:43,400 --> 00:27:49,240 Speaker 2: about five and a half percent, most likely scenario about 541 00:27:49,480 --> 00:27:53,520 Speaker 2: five point eight five point nine, and then the pessimistic 542 00:27:53,520 --> 00:27:55,800 Speaker 2: scenario would be that it jumps back up to six 543 00:27:55,840 --> 00:27:58,200 Speaker 2: point two percent roughly for the rest of the year. 544 00:27:58,600 --> 00:28:01,800 Speaker 2: So what does that mean to you? If you are 545 00:28:01,840 --> 00:28:04,679 Speaker 2: selling your home and you have a low interest rate 546 00:28:04,800 --> 00:28:07,359 Speaker 2: right now, you're probably gonna stay locked in for a 547 00:28:07,359 --> 00:28:10,960 Speaker 2: while longer if you have an adjustable rate. And please, 548 00:28:11,000 --> 00:28:13,879 Speaker 2: this is not advice to talk to your your pros, 549 00:28:13,880 --> 00:28:15,919 Speaker 2: blah blah blah. It's my disclaimer, so you don't sue me. 550 00:28:16,359 --> 00:28:18,159 Speaker 2: But if you have an adjustable rate like I do, 551 00:28:18,680 --> 00:28:20,560 Speaker 2: and you're nearing the end of it, you're gonna want 552 00:28:20,560 --> 00:28:22,400 Speaker 2: to consider what you can do because you don't want 553 00:28:22,400 --> 00:28:24,920 Speaker 2: that adjustable rate to all, all of a sudden adjust 554 00:28:25,440 --> 00:28:27,239 Speaker 2: up above what a fixed rate is. You're gonna need 555 00:28:27,240 --> 00:28:30,359 Speaker 2: to refinance if you've got to. If you've got an 556 00:28:30,400 --> 00:28:33,080 Speaker 2: adjustable rate with a few more years on it, maybe 557 00:28:33,119 --> 00:28:35,040 Speaker 2: you can. Maybe you can take a few more. Maybe 558 00:28:35,080 --> 00:28:40,000 Speaker 2: you can be patient. If you are looking for a 559 00:28:40,000 --> 00:28:41,840 Speaker 2: home right now and you've been waiting like I have 560 00:28:42,120 --> 00:28:46,400 Speaker 2: for the double whammy, wouldn't it be great? Wouldn't it 561 00:28:46,440 --> 00:28:50,920 Speaker 2: be fantastic to have another massive recession? Those days, Oh 562 00:28:51,560 --> 00:28:54,400 Speaker 2: they were, oh yeah, you could afford a house and 563 00:28:54,440 --> 00:28:57,760 Speaker 2: the mortgage payment. Oh it was wonderful. Oh, those are 564 00:28:57,840 --> 00:29:02,200 Speaker 2: so good. Oh, my neighbors losing their homes. My in 565 00:29:02,320 --> 00:29:04,200 Speaker 2: laws had a home they owed way too much out 566 00:29:04,200 --> 00:29:05,920 Speaker 2: of they short sold it. They just tossed the keys 567 00:29:05,920 --> 00:29:08,360 Speaker 2: and they said, this is yours now. Oh so good, 568 00:29:08,840 --> 00:29:13,640 Speaker 2: Oh wonderful. Those are the days. I long for those days, 569 00:29:13,720 --> 00:29:15,760 Speaker 2: don't you, Mark, Don't you just long for the days 570 00:29:15,800 --> 00:29:21,360 Speaker 2: of high unemployment, economic disaster, because you can really take 571 00:29:21,360 --> 00:29:25,200 Speaker 2: advantage of those days nostalgic. I got some news for 572 00:29:25,240 --> 00:29:31,320 Speaker 2: you there. I want to get a little bit more 573 00:29:31,320 --> 00:29:33,560 Speaker 2: about the lock in effect stuff, because I think there 574 00:29:33,560 --> 00:29:36,200 Speaker 2: are I think there might be some some flashes, some 575 00:29:36,360 --> 00:29:38,040 Speaker 2: signs on the horizon. If you're like me and you're 576 00:29:38,080 --> 00:29:40,160 Speaker 2: waiting for the big flashing signal, it's gonna say stop 577 00:29:40,240 --> 00:29:42,760 Speaker 2: or go on buying a home. We could be waiting 578 00:29:42,760 --> 00:29:45,440 Speaker 2: a little bit longer. But there is this little creeping sign. 579 00:29:45,480 --> 00:29:48,239 Speaker 2: The experts are saying, our strategy and the signs and 580 00:29:48,240 --> 00:29:50,840 Speaker 2: what we should be watching for. They've got some advice 581 00:29:50,880 --> 00:29:51,680 Speaker 2: on that. That's next. 582 00:29:52,200 --> 00:29:55,640 Speaker 1: You're listening to KFI AM six forty on demand. 583 00:29:57,200 --> 00:29:58,200 Speaker 2: Hey, if you want to hit us up on the 584 00:29:58,200 --> 00:30:01,440 Speaker 2: talk about questions, comments, quips, quotes, this compliments, hit us 585 00:30:01,480 --> 00:30:03,320 Speaker 2: up by heart radio app. Just click on that talkback 586 00:30:03,360 --> 00:30:06,120 Speaker 2: button and let us know what's going on in your world. 587 00:30:06,200 --> 00:30:08,920 Speaker 2: And by the way, I do, I listened to all 588 00:30:08,960 --> 00:30:10,880 Speaker 2: of them, good, bad and different. I listened to all 589 00:30:10,920 --> 00:30:13,680 Speaker 2: of them. So a year of yours doesn't make it 590 00:30:13,680 --> 00:30:15,640 Speaker 2: out of the air. Just no, I did hear your message. 591 00:30:15,640 --> 00:30:17,040 Speaker 2: And for some of you, I know you send messages 592 00:30:17,080 --> 00:30:18,440 Speaker 2: and you say just don't play this on the air. 593 00:30:18,440 --> 00:30:20,640 Speaker 2: I just wanted to say something which is fun. I 594 00:30:20,720 --> 00:30:24,200 Speaker 2: appreciate all that stuff. Still to come here after nine o'clock. 595 00:30:24,400 --> 00:30:28,360 Speaker 2: Is Mark Ronner about to be replaced by AI? It's 596 00:30:28,560 --> 00:30:31,920 Speaker 2: entirely no, probably not. Our company says they're not going 597 00:30:31,960 --> 00:30:33,720 Speaker 2: to do it, but not all companies are saying that. 598 00:30:34,800 --> 00:30:37,040 Speaker 2: So Mark, places that will not hire you? How about that? 599 00:30:37,160 --> 00:30:40,360 Speaker 2: I'm my tea. I am a guaranteed. That's it. Places 600 00:30:40,400 --> 00:30:43,440 Speaker 2: that will not hire Mark that is coming up. It's 601 00:30:43,480 --> 00:30:46,400 Speaker 2: a long list. Yeah, really, that is coming up after 602 00:30:47,000 --> 00:30:50,480 Speaker 2: nine o'clock. So I was talking about the market because 603 00:30:50,520 --> 00:30:52,400 Speaker 2: I was looking at houses on Zillo and I was 604 00:30:52,440 --> 00:30:54,760 Speaker 2: looking at interest rates and what's happening with all that stuff? 605 00:30:55,000 --> 00:30:58,840 Speaker 2: And that was went down this rabbit hole on mortgage swappers, 606 00:30:59,760 --> 00:31:06,760 Speaker 2: and the swappers are they're basically they're trading in their 607 00:31:07,080 --> 00:31:10,200 Speaker 2: low interest mortgage for high interest mortgages. And I know 608 00:31:10,240 --> 00:31:12,200 Speaker 2: that sounds silly, but there's a couple of reasons that 609 00:31:12,200 --> 00:31:15,720 Speaker 2: that's happening. First of all, there's an investments it's not 610 00:31:15,720 --> 00:31:18,160 Speaker 2: an investment strategy, it's kind of a money strategy. And 611 00:31:18,160 --> 00:31:19,640 Speaker 2: I don't want to get towed out too far down 612 00:31:19,680 --> 00:31:22,600 Speaker 2: this hole where they're they have a lower interest rate mortgage, 613 00:31:22,640 --> 00:31:24,320 Speaker 2: but it's adjustable, and they're concerned with they're going up, 614 00:31:24,360 --> 00:31:26,480 Speaker 2: and so they're selling their mortgage to somebody else who's 615 00:31:26,480 --> 00:31:27,760 Speaker 2: going to lock them in at a lower rate, and 616 00:31:27,800 --> 00:31:30,280 Speaker 2: the other person takes the risk. Blah blah blah. I 617 00:31:30,280 --> 00:31:32,360 Speaker 2: don't want to go down there the rabbit. But what 618 00:31:32,480 --> 00:31:34,520 Speaker 2: is happening is that some people are seeing adjustable rate 619 00:31:34,520 --> 00:31:37,480 Speaker 2: mortgages and so they're just refinancing. So maybe they were 620 00:31:37,560 --> 00:31:39,280 Speaker 2: in at a lower rate, maybe they were in at 621 00:31:39,320 --> 00:31:41,720 Speaker 2: three percent, but they had an ARM loan, and if 622 00:31:41,720 --> 00:31:43,600 Speaker 2: they had an ARM, all of a sudden, they go, 623 00:31:44,200 --> 00:31:48,680 Speaker 2: my arm is about to start adjusting, and when that happens, 624 00:31:48,760 --> 00:31:52,160 Speaker 2: it could jump up over the actual fixed rates right now. 625 00:31:52,200 --> 00:31:54,920 Speaker 2: So some of them are saying, I don't have a choice. 626 00:31:55,240 --> 00:31:57,960 Speaker 2: I have to refinance and lock in. So when that happens, 627 00:31:58,000 --> 00:31:59,800 Speaker 2: all of a sudden, that's another home that's no longer 628 00:31:59,840 --> 00:32:02,040 Speaker 2: an low interest rate, and that person who has to 629 00:32:02,040 --> 00:32:05,520 Speaker 2: refinance may consider relocating anyway for one reason or another. 630 00:32:06,600 --> 00:32:09,200 Speaker 2: Maybe they want to caw exit. Maybe they're tired of 631 00:32:09,240 --> 00:32:11,720 Speaker 2: seeing their their home insurance rates go up a year 632 00:32:11,720 --> 00:32:13,600 Speaker 2: after year after year after year. Maybe they don't like 633 00:32:13,640 --> 00:32:16,880 Speaker 2: the politics of California. Maybe they're concerned about wildfires, whatever 634 00:32:16,920 --> 00:32:19,680 Speaker 2: else it is. They may be just saying we're out here. 635 00:32:20,760 --> 00:32:22,920 Speaker 2: Maybe it's retirement. You can take the retirement from your 636 00:32:22,960 --> 00:32:24,960 Speaker 2: big California paycheck that you've been putting away for the 637 00:32:25,000 --> 00:32:28,080 Speaker 2: last thirty years and go retire in Oklahoma where everything's 638 00:32:28,080 --> 00:32:31,640 Speaker 2: a lot cheaper, totally possible. Whatever it is. What is 639 00:32:32,000 --> 00:32:34,680 Speaker 2: in many cases keeping people where they are the low 640 00:32:34,720 --> 00:32:40,120 Speaker 2: interest rate. That's we're getting past that right now. In 641 00:32:40,160 --> 00:32:42,800 Speaker 2: the third quarter of last year, twenty percent of mortgages 642 00:32:42,840 --> 00:32:46,600 Speaker 2: had an interest rate below three percent. In quarter two 643 00:32:47,480 --> 00:32:51,200 Speaker 2: that number was slightly higher. It is slowly coming down, 644 00:32:51,320 --> 00:32:53,920 Speaker 2: and we're at the point right now where there's a 645 00:32:54,040 --> 00:32:57,160 Speaker 2: larger number of barrowers that have interest rates over six 646 00:32:57,240 --> 00:33:01,040 Speaker 2: percent then have interest rates below three. So what you've 647 00:33:01,080 --> 00:33:03,080 Speaker 2: been hearing about a lock in rate for a while. 648 00:33:03,440 --> 00:33:07,440 Speaker 2: That's basically I can't say it's gone because twenty percent 649 00:33:07,480 --> 00:33:10,000 Speaker 2: of the market is still pretty sizable, but it's shifting, 650 00:33:10,560 --> 00:33:14,160 Speaker 2: so we're seeing that change right now. And then the 651 00:33:14,200 --> 00:33:16,800 Speaker 2: other reason that they might be swapping there, they're not 652 00:33:16,920 --> 00:33:19,280 Speaker 2: swapping their rates intentionally is that they have to relocate 653 00:33:19,360 --> 00:33:21,640 Speaker 2: just generally have to relocate, maybe their job is changing. 654 00:33:21,640 --> 00:33:23,240 Speaker 2: I got a buddy who lives in Denver right now. 655 00:33:23,800 --> 00:33:26,840 Speaker 2: He's an insurance and he's not an agent. He worked 656 00:33:26,840 --> 00:33:28,480 Speaker 2: his way up, so he's kind of a he's done 657 00:33:28,520 --> 00:33:30,240 Speaker 2: like regional management or something like that. And he was 658 00:33:30,280 --> 00:33:31,959 Speaker 2: working for one of the big insurance companies and they 659 00:33:31,960 --> 00:33:35,400 Speaker 2: did they did their annual culling where they go through 660 00:33:35,400 --> 00:33:38,440 Speaker 2: and they just indiscriminately fire people, and so my buddy 661 00:33:38,440 --> 00:33:41,880 Speaker 2: got canned. And so he's been out of work since September. 662 00:33:41,920 --> 00:33:44,280 Speaker 2: And he just sent a message last night actually where 663 00:33:44,280 --> 00:33:46,120 Speaker 2: he had two interviews. One was in New York City 664 00:33:46,120 --> 00:33:48,520 Speaker 2: and one was in Charlotte, North Carolina. One most obviously 665 00:33:48,520 --> 00:33:52,680 Speaker 2: far more affordable than the other, but regardless, he's gonna 666 00:33:52,680 --> 00:33:54,200 Speaker 2: have to sell his place in Denver and he's gonna 667 00:33:54,240 --> 00:33:57,040 Speaker 2: have to relocate. Well, he's obviously not gonna be able 668 00:33:57,080 --> 00:33:58,960 Speaker 2: to relocate in either one of those cities and get 669 00:33:58,960 --> 00:34:01,160 Speaker 2: an interest rate at three percent. It's just not gonna happen. 670 00:34:01,720 --> 00:34:04,800 Speaker 2: So there are reasons that people are relocating that they 671 00:34:04,840 --> 00:34:06,880 Speaker 2: have nothing to do with whatever their interest rate is. 672 00:34:06,920 --> 00:34:09,120 Speaker 2: So what we're seeing as far as that lock in 673 00:34:09,200 --> 00:34:12,560 Speaker 2: effect is starting to ease a little bit, but how 674 00:34:12,600 --> 00:34:17,359 Speaker 2: much is it easy? So this is where people are 675 00:34:17,360 --> 00:34:19,120 Speaker 2: playing the game. And as the mortgage rates starts to 676 00:34:19,120 --> 00:34:22,640 Speaker 2: dip just a little bit, people are jumping in. They go, oh, 677 00:34:22,719 --> 00:34:24,759 Speaker 2: they're down, and maybe they've got their threshold in their mind. 678 00:34:24,760 --> 00:34:27,400 Speaker 2: Maybe it's six percent, maybe it's five and three quarters, 679 00:34:27,440 --> 00:34:29,359 Speaker 2: whatever it is. So all of a sudden it gets 680 00:34:29,360 --> 00:34:31,840 Speaker 2: close to that threshold and people go there it is boom, 681 00:34:32,520 --> 00:34:34,160 Speaker 2: and they've already got their home and they they've got 682 00:34:34,160 --> 00:34:36,560 Speaker 2: their maybe they've got their their their pre approval, whatever 683 00:34:36,600 --> 00:34:38,680 Speaker 2: else it is, and they call their their their banker 684 00:34:38,719 --> 00:34:41,279 Speaker 2: and they say lock it in, and the banker will 685 00:34:41,280 --> 00:34:42,759 Speaker 2: lock it in for a couple of weeks or whatever, 686 00:34:42,800 --> 00:34:44,239 Speaker 2: however long it is. It's been a while since I 687 00:34:44,320 --> 00:34:46,360 Speaker 2: bought a house and they uh, and they go, okay, 688 00:34:46,400 --> 00:34:48,040 Speaker 2: it's locked in. Then you go make your offer and 689 00:34:48,040 --> 00:34:50,279 Speaker 2: then you get the mortgage done right. So they're doing that. 690 00:34:50,800 --> 00:34:52,919 Speaker 2: So as that's happening, all of a sudden, boom, people 691 00:34:52,920 --> 00:34:55,680 Speaker 2: are buying, buy and buying, and then rates kind of 692 00:34:55,840 --> 00:34:58,759 Speaker 2: bounce back up again. And so the effect of the 693 00:34:58,800 --> 00:35:04,520 Speaker 2: mortgage rates dipping by you know, twenty basis points twenty pips, 694 00:35:04,560 --> 00:35:07,120 Speaker 2: whatever you want to call it, two tenths of a 695 00:35:07,160 --> 00:35:11,560 Speaker 2: percent as they drop, you know, two tenths of a percent, 696 00:35:12,480 --> 00:35:14,200 Speaker 2: and then they come back up, and then they go down. 697 00:35:14,640 --> 00:35:17,080 Speaker 2: The volatility that's happening in that market right now is 698 00:35:17,120 --> 00:35:21,480 Speaker 2: actually starting to train buyers to sit tight, just wait. 699 00:35:22,120 --> 00:35:23,480 Speaker 2: Some of them are trying to time, some of them 700 00:35:23,480 --> 00:35:25,399 Speaker 2: are trying to jump very quickly, and others are saying, 701 00:35:25,400 --> 00:35:27,759 Speaker 2: you know what, it comes down to six, it goes 702 00:35:27,800 --> 00:35:29,439 Speaker 2: back up to six and a half, it comes down 703 00:35:29,440 --> 00:35:31,120 Speaker 2: to five and three quarters, it goes up to six 704 00:35:31,160 --> 00:35:34,640 Speaker 2: and a quarter. So as that's happening, buyers are getting 705 00:35:34,640 --> 00:35:37,359 Speaker 2: a little bit frustrated. And while they might still be 706 00:35:37,520 --> 00:35:40,480 Speaker 2: scrolling for that dream home on Zillow, they really are 707 00:35:40,520 --> 00:35:42,440 Speaker 2: not reaching out to the realtor. They're not reaching out 708 00:35:42,480 --> 00:35:44,560 Speaker 2: to the bank. They're not getting their preapprovals, they're not 709 00:35:44,560 --> 00:35:49,400 Speaker 2: getting that done. And and so economists right now are 710 00:35:49,440 --> 00:35:53,040 Speaker 2: also in a weird position as they try to analyze 711 00:35:53,040 --> 00:35:56,719 Speaker 2: everything that's going on. Because the government shut down as well, 712 00:35:56,800 --> 00:36:00,719 Speaker 2: you know, delayed an awful lot of the data, whether 713 00:36:00,760 --> 00:36:03,040 Speaker 2: it was an employment data, consumer price index, now to 714 00:36:03,080 --> 00:36:05,520 Speaker 2: this sort of stuff. It delayed all that stuff, and 715 00:36:05,560 --> 00:36:08,080 Speaker 2: because it delayed all that stuff, there's a question about 716 00:36:08,239 --> 00:36:11,799 Speaker 2: the I don't want to say the legitimacy, let's say 717 00:36:11,800 --> 00:36:14,440 Speaker 2: the credibility of the data that's coming out right now. 718 00:36:14,440 --> 00:36:16,759 Speaker 2: For instance, yesterday we had the Consumer Price Index that 719 00:36:16,800 --> 00:36:20,479 Speaker 2: came out and it showed inflation was at two point 720 00:36:20,520 --> 00:36:29,200 Speaker 2: seven percent, and that was you know, that's another indicator 721 00:36:29,200 --> 00:36:32,400 Speaker 2: that the tariffs have not driven everything out of control 722 00:36:32,400 --> 00:36:35,560 Speaker 2: like so many people were concerned about. So two point 723 00:36:35,600 --> 00:36:37,879 Speaker 2: seven percent not terrible. But then there's a question about 724 00:36:37,920 --> 00:36:44,480 Speaker 2: the data itself because the data collection disruption, they say, 725 00:36:44,480 --> 00:36:46,880 Speaker 2: according to an economist, is going to impact readings through April. 726 00:36:46,880 --> 00:36:49,480 Speaker 2: It's from Fox Business. In fact, here's their headline. December 727 00:36:49,480 --> 00:36:54,560 Speaker 2: inflation data will be extremely muddy, according to economists. So 728 00:36:54,640 --> 00:36:57,760 Speaker 2: as we try to predict what's going on, the tools 729 00:36:57,800 --> 00:36:59,759 Speaker 2: that we would use to predict where things might go 730 00:36:59,800 --> 00:37:02,560 Speaker 2: in the future, those are not really all that reliable 731 00:37:02,640 --> 00:37:05,560 Speaker 2: right now. So I guess the moral of the story 732 00:37:05,680 --> 00:37:10,840 Speaker 2: is we're screwed. We're just totally screwed. You want to 733 00:37:10,880 --> 00:37:13,600 Speaker 2: sell your house, You're screwed because you can't get a 734 00:37:13,640 --> 00:37:16,040 Speaker 2: cheaper mortgage rate. You want to wait for a mortgage 735 00:37:16,080 --> 00:37:18,280 Speaker 2: ride to come down. You're screwed. You can't even pretend 736 00:37:18,680 --> 00:37:20,480 Speaker 2: that you know if it's gonna come down. All you 737 00:37:20,480 --> 00:37:25,360 Speaker 2: can do is hope, like me, for absolute calamity. Bring 738 00:37:25,440 --> 00:37:29,279 Speaker 2: on the soup lines. Wouldn't that be fun? Oh? Good 739 00:37:29,280 --> 00:37:35,200 Speaker 2: old days? Everyone loves soup? Who doesn't, God, that's good stuff. Hey, 740 00:37:35,239 --> 00:37:37,560 Speaker 2: you hear our promise every hour that KFI is one 741 00:37:37,640 --> 00:37:42,000 Speaker 2: hundred percent guaranteed human, unless, of course, we're playing AI 742 00:37:42,080 --> 00:37:45,160 Speaker 2: audio to mock how bad it sounds other companies not 743 00:37:45,280 --> 00:37:47,880 Speaker 2: so committed to the human art form, who's already replacing 744 00:37:47,880 --> 00:37:51,480 Speaker 2: your news with AI mockups? And which major networks may 745 00:37:51,520 --> 00:37:54,319 Speaker 2: be getting ready to see if you'll notice he's next 746 00:37:54,440 --> 00:37:57,239 Speaker 2: Chris Merril AM six forty live everywhere in the iHeartRadio 747 00:37:57,280 --> 00:38:00,680 Speaker 2: app KFI AM six on demand