1 00:00:00,480 --> 00:00:04,480 Speaker 1: You're listening to KFI AM six forty on demand The 2 00:00:04,519 --> 00:00:05,320 Speaker 1: Power of Love. 3 00:00:06,240 --> 00:00:10,080 Speaker 2: Of course, we know that song from Back to the Future, 4 00:00:10,119 --> 00:00:14,280 Speaker 2: which is this month, celebrating forty years since that movie 5 00:00:14,320 --> 00:00:20,040 Speaker 2: came out October of nineteen eighty five. I mean, Andy Resmi, 6 00:00:20,079 --> 00:00:22,120 Speaker 2: this is KFI AM six forty. We are live everywhere 7 00:00:22,120 --> 00:00:25,239 Speaker 2: on the iHeartRadio app. This is my favorite movie of 8 00:00:25,239 --> 00:00:27,000 Speaker 2: all time. I make no bones about it. 9 00:00:28,840 --> 00:00:29,240 Speaker 3: Michael J. 10 00:00:29,360 --> 00:00:31,479 Speaker 2: Fox has been doing a little bit of a media tour, 11 00:00:31,720 --> 00:00:34,120 Speaker 2: a blitz, if you will. There's a lot of celebration 12 00:00:34,200 --> 00:00:36,840 Speaker 2: about the fortieth anniversary of the film, but there also 13 00:00:37,440 --> 00:00:42,000 Speaker 2: is celebration because he's written a new memoir called Future Boy, 14 00:00:42,560 --> 00:00:45,680 Speaker 2: which of course is a reference to Doc's nickname for Marty. 15 00:00:46,560 --> 00:00:50,400 Speaker 3: Listen, good night, future Boy. 16 00:00:51,240 --> 00:00:54,760 Speaker 2: And I've always wondered, as maybe you have you watch 17 00:00:54,840 --> 00:00:58,720 Speaker 2: the movie a million times. It's just a cultural it's 18 00:00:58,720 --> 00:01:01,920 Speaker 2: a part of culture that's so un. 19 00:01:02,560 --> 00:01:02,960 Speaker 3: Touched. 20 00:01:03,000 --> 00:01:05,440 Speaker 2: I guess is the right phrasing, though I don't love 21 00:01:05,480 --> 00:01:08,280 Speaker 2: that because there's only the three movies. There's like a 22 00:01:08,319 --> 00:01:10,880 Speaker 2: TV series, an animated show, there's the Ride, there's the 23 00:01:10,959 --> 00:01:13,920 Speaker 2: musical couple, video games here and there, but it's not 24 00:01:14,120 --> 00:01:18,440 Speaker 2: like Star Wars, where there's five hundred movies. It's been 25 00:01:18,440 --> 00:01:20,880 Speaker 2: rebooted a million times. We told the story different ways. 26 00:01:21,120 --> 00:01:25,160 Speaker 2: It's just those three films that's it. And I think 27 00:01:25,160 --> 00:01:27,480 Speaker 2: that that makes it pure in a sense because it 28 00:01:27,640 --> 00:01:29,960 Speaker 2: just existed in this very specific time with these very 29 00:01:29,959 --> 00:01:34,240 Speaker 2: specific actors, pretty small story compared to, you know, an 30 00:01:34,400 --> 00:01:39,280 Speaker 2: entire universe of fighting like in Star Wars. And as 31 00:01:39,319 --> 00:01:42,200 Speaker 2: you know, Crispin Glover, who played George McFly, Marty's father, 32 00:01:44,680 --> 00:01:47,600 Speaker 2: his antics are well known. He didn't come back for 33 00:01:47,640 --> 00:01:50,760 Speaker 2: the second and the third movies because, as Bob Gail, 34 00:01:51,200 --> 00:01:56,480 Speaker 2: the director writer has said, our co creator rather and 35 00:01:56,560 --> 00:02:01,120 Speaker 2: writer has said, it's a mechis directed, Crispin wanted the 36 00:02:01,120 --> 00:02:05,080 Speaker 2: same amount of money as Marty or as Michael J. 37 00:02:05,200 --> 00:02:05,480 Speaker 3: Fox. 38 00:02:05,960 --> 00:02:08,160 Speaker 2: None of this is that important. There's a lot of 39 00:02:08,200 --> 00:02:10,720 Speaker 2: dispute about this. But I always wondered what Michael J. 40 00:02:10,800 --> 00:02:13,560 Speaker 2: Fox thought of Crispin Glover. I wondered how that was 41 00:02:13,639 --> 00:02:15,440 Speaker 2: working with him, because you know, he's in a ton 42 00:02:15,440 --> 00:02:19,280 Speaker 2: of scenes with him in this movie. And recently he 43 00:02:19,320 --> 00:02:20,160 Speaker 2: talked a deadline. 44 00:02:22,280 --> 00:02:22,799 Speaker 3: Ah, I'm sorry. 45 00:02:22,840 --> 00:02:25,919 Speaker 2: He talked to the New York Post and said there 46 00:02:26,000 --> 00:02:28,640 Speaker 2: was a little bit of friction working with him, but 47 00:02:28,720 --> 00:02:31,560 Speaker 2: he respected how he remained true to George. 48 00:02:32,000 --> 00:02:32,520 Speaker 3: And Michael J. 49 00:02:32,600 --> 00:02:36,919 Speaker 2: Fox says Crispin Glover's talent was unquestionable, although his methods 50 00:02:37,400 --> 00:02:41,440 Speaker 2: sometimes created friction. He said, quote, nobody puts Crispin in 51 00:02:41,440 --> 00:02:43,600 Speaker 2: a box, but that didn't prevent the camera crew from 52 00:02:43,639 --> 00:02:47,640 Speaker 2: literally building a box around him. He was remembering a 53 00:02:47,680 --> 00:02:51,720 Speaker 2: scene of dialogue with Glover, who was playing George McFly, 54 00:02:51,880 --> 00:02:55,240 Speaker 2: in which Crispin wouldn't stay on his mark. As Crispin 55 00:02:55,280 --> 00:02:57,000 Speaker 2: approached the camera, he was meant to stay in a 56 00:02:57,080 --> 00:02:59,600 Speaker 2: lane between the clothesline and me, but Crispin had a 57 00:02:59,600 --> 00:03:02,840 Speaker 2: different My guess is he saw George as a wanderer 58 00:03:02,880 --> 00:03:04,960 Speaker 2: of free spirit who traveled in random patterns, in this 59 00:03:05,000 --> 00:03:07,160 Speaker 2: case perpendicular to the camera. This is the scene where 60 00:03:07,200 --> 00:03:08,799 Speaker 2: I think they're planning what's going to happen when he 61 00:03:08,800 --> 00:03:10,440 Speaker 2: gets to the enchantment end of the sea dance. 62 00:03:10,760 --> 00:03:13,200 Speaker 3: It's an act. 63 00:03:14,600 --> 00:03:18,239 Speaker 2: So the crew made a miniature corral made of sandbags 64 00:03:18,240 --> 00:03:21,720 Speaker 2: and sea stands, which trapped Crispin into adhering to the 65 00:03:21,840 --> 00:03:23,360 Speaker 2: established blocking of the shot. 66 00:03:25,720 --> 00:03:26,400 Speaker 3: And Michael J. 67 00:03:26,480 --> 00:03:30,800 Speaker 2: Fox says he loved working with Glover and that he 68 00:03:30,880 --> 00:03:35,320 Speaker 2: knew Crispin before Back to the Future, and I love this. 69 00:03:35,360 --> 00:03:37,480 Speaker 2: He added this, I wouldn't say I was prepared to 70 00:03:37,520 --> 00:03:39,720 Speaker 2: act with him. There's no way to prepare for Crispin. 71 00:03:40,120 --> 00:03:42,280 Speaker 2: With Chris Lloyd, who obviously played Doc, I had an 72 00:03:42,360 --> 00:03:44,680 Speaker 2: inkling of what he was up to. Neither he nor 73 00:03:44,760 --> 00:03:49,440 Speaker 2: Crispin ever did the same thing the same way twice. 74 00:03:49,720 --> 00:03:53,160 Speaker 2: How cool? What an iconic movie forty years ago. 75 00:03:53,440 --> 00:03:56,520 Speaker 3: Have you seen the recent reports that Michael J. Fox 76 00:03:56,600 --> 00:03:59,280 Speaker 3: got together with Eric Stoltz, who was the original Marty 77 00:03:59,320 --> 00:03:59,880 Speaker 3: but got fired. 78 00:04:00,200 --> 00:04:02,200 Speaker 2: Yes, and he said that it didn't make them enemies, 79 00:04:02,680 --> 00:04:03,920 Speaker 2: that they kind of liked each other. 80 00:04:04,120 --> 00:04:05,000 Speaker 3: I like that, don't you. 81 00:04:05,280 --> 00:04:05,480 Speaker 4: Yeah? 82 00:04:05,520 --> 00:04:07,440 Speaker 3: I love that. It's another thing, you know. 83 00:04:07,640 --> 00:04:10,400 Speaker 2: You know all these stories about Eric Stoles They filmed 84 00:04:10,440 --> 00:04:12,480 Speaker 2: half the movie and had to recast him because he 85 00:04:12,560 --> 00:04:14,760 Speaker 2: just didn't have the right chemistry. He was too dark 86 00:04:14,800 --> 00:04:18,200 Speaker 2: for Marty. They needed somebody a little bit brighter. But 87 00:04:18,279 --> 00:04:20,560 Speaker 2: then you don't really know what those individual actors took 88 00:04:20,600 --> 00:04:22,320 Speaker 2: away from that, And I think it's cool to hear 89 00:04:22,320 --> 00:04:23,159 Speaker 2: those stories now. 90 00:04:24,080 --> 00:04:28,119 Speaker 3: Trivia, you know who Crispin Glover's dad was, No Bruce Glover, 91 00:04:28,200 --> 00:04:30,760 Speaker 3: who was one of the pair of gay bad guys 92 00:04:30,839 --> 00:04:34,839 Speaker 3: in Diamonds are Forever who tried to kill James Bond 93 00:04:34,880 --> 00:04:37,920 Speaker 3: in several different ways. Does he look like him? Oh yeah, 94 00:04:38,320 --> 00:04:40,040 Speaker 3: I mean he passed away recently, but. 95 00:04:40,279 --> 00:04:42,560 Speaker 2: Oh yeah, oh yeah, absolutely, Okay, I didn't know. Yeah 96 00:04:42,640 --> 00:04:45,600 Speaker 2: that that is the genetics are strong with the Glover family. 97 00:04:46,279 --> 00:04:49,320 Speaker 3: He is directly related to the mister Wynt and mister 98 00:04:49,440 --> 00:04:53,400 Speaker 3: Kidd couple. Kind of revolutionary for the early seventies. Yeah, 99 00:04:54,040 --> 00:04:57,840 Speaker 3: gay bad guys, what a trip. I didn't know that. 100 00:04:57,920 --> 00:05:00,320 Speaker 2: I maybe had remembered that when he passed away, but 101 00:05:00,400 --> 00:05:05,720 Speaker 2: I have had cleared the cash on whatever happened that month. 102 00:05:05,800 --> 00:05:09,800 Speaker 2: But you got a limited bandwidth, you know, Lord knows, 103 00:05:09,839 --> 00:05:12,719 Speaker 2: we're all just hanging on. This is kind of an 104 00:05:12,720 --> 00:05:15,040 Speaker 2: interesting thing that happened Washington today. I had some interesting 105 00:05:15,040 --> 00:05:17,520 Speaker 2: sound that I wanted to share with you. Nancy Pelosi 106 00:05:17,880 --> 00:05:21,240 Speaker 2: in the news for her comeback, her clapback, snapping at 107 00:05:21,240 --> 00:05:26,160 Speaker 2: a reporter who was asking about if she might face 108 00:05:26,240 --> 00:05:33,479 Speaker 2: some kind of repercussions for her alleged supposed involvement in 109 00:05:33,560 --> 00:05:34,400 Speaker 2: January sixth. 110 00:05:34,720 --> 00:05:36,720 Speaker 5: Are you at all concerned about the new January sixth 111 00:05:36,720 --> 00:05:40,480 Speaker 5: committee finding you wiable for that day? Why did you 112 00:05:40,839 --> 00:05:44,200 Speaker 5: refuse the National Guard on January sixth, Thank. 113 00:05:44,040 --> 00:05:45,440 Speaker 4: You, shut up. 114 00:05:45,960 --> 00:05:48,719 Speaker 6: I did not refuse the national Guard. The President didn't 115 00:05:48,760 --> 00:05:51,719 Speaker 6: send it. Why are you coming here with Republican talking points? 116 00:05:51,800 --> 00:05:53,760 Speaker 6: As if you're as a serious journal. 117 00:05:53,600 --> 00:05:55,760 Speaker 5: The American people want to know, we still have questions? 118 00:05:56,040 --> 00:05:56,320 Speaker 5: Thank you? 119 00:05:57,960 --> 00:06:05,640 Speaker 2: Oh, I don't think a politically whatever, this is wild. 120 00:06:06,200 --> 00:06:06,800 Speaker 3: Shut up. 121 00:06:08,800 --> 00:06:11,120 Speaker 2: I think I want that as a drop. It's kind 122 00:06:11,160 --> 00:06:11,800 Speaker 2: of refreshing. 123 00:06:12,400 --> 00:06:12,960 Speaker 4: Shut up. 124 00:06:17,040 --> 00:06:19,760 Speaker 6: I did not refuse the national Guard. The President didn't 125 00:06:19,800 --> 00:06:22,960 Speaker 6: send it. Why are you coming here with Republican talking points? 126 00:06:23,800 --> 00:06:26,080 Speaker 3: She loses it here a little bit and talking. 127 00:06:25,800 --> 00:06:28,200 Speaker 6: Points as if you're as a serious journal the. 128 00:06:28,200 --> 00:06:30,040 Speaker 5: American people want to know we still have a question. 129 00:06:30,360 --> 00:06:32,080 Speaker 3: I also think that I hate this. 130 00:06:32,400 --> 00:06:34,280 Speaker 2: I know that it's important to hold account of the 131 00:06:34,360 --> 00:06:37,760 Speaker 2: whole power, speak truth the power. But even as a 132 00:06:37,800 --> 00:06:42,599 Speaker 2: journalist and having done something like this throughout my past, 133 00:06:42,640 --> 00:06:44,200 Speaker 2: when I was first starting out, when you would try 134 00:06:44,240 --> 00:06:46,920 Speaker 2: to talk to people, try to get sound for your 135 00:06:46,920 --> 00:06:50,320 Speaker 2: package or whatever, especially when you're on the red carpet 136 00:06:50,320 --> 00:06:52,080 Speaker 2: and you're yelling at Taylor Swift who's never going to 137 00:06:52,120 --> 00:06:54,760 Speaker 2: stop for you, it feels so yucky. I think you 138 00:06:54,800 --> 00:06:57,159 Speaker 2: have to have a specific kind of headspace that you 139 00:06:57,160 --> 00:06:59,520 Speaker 2: can be in which makes you want to go up 140 00:06:59,560 --> 00:07:01,320 Speaker 2: and bumpy people with questions. 141 00:07:01,839 --> 00:07:04,800 Speaker 3: Well, my default would always be to side with the journalists, 142 00:07:04,839 --> 00:07:06,560 Speaker 3: but in this case, you got to do your homework 143 00:07:06,600 --> 00:07:07,840 Speaker 3: and this journalist did not. 144 00:07:08,960 --> 00:07:10,760 Speaker 2: Yeah, what's the follow up? What does she say here? 145 00:07:10,800 --> 00:07:13,640 Speaker 5: Then the American people want to know. We still have questions. 146 00:07:13,920 --> 00:07:14,280 Speaker 5: Thank you. 147 00:07:15,040 --> 00:07:20,080 Speaker 7: We have responsibility, Terry. We did not have any accountability 148 00:07:20,560 --> 00:07:23,040 Speaker 7: for what was going on there, and we should have. 149 00:07:24,160 --> 00:07:27,559 Speaker 7: This is ridiculous. You're gonna ask me in the middle 150 00:07:27,600 --> 00:07:32,080 Speaker 7: of the thing when they've already breached the inaugural stuff 151 00:07:32,560 --> 00:07:37,600 Speaker 7: that that should we call the Capitol police? I mean 152 00:07:37,640 --> 00:07:41,040 Speaker 7: the National Guard? Why weren't the National Guard there to 153 00:07:41,120 --> 00:07:41,600 Speaker 7: begin with? 154 00:07:42,160 --> 00:07:42,480 Speaker 3: That was? 155 00:07:43,000 --> 00:07:45,160 Speaker 2: That would have been that audio I think was from 156 00:07:46,120 --> 00:07:48,480 Speaker 2: Jase a couple of days after January sixth, the second 157 00:07:48,480 --> 00:07:50,160 Speaker 2: part of that audio, because it sounds like she's wearing 158 00:07:50,160 --> 00:07:50,480 Speaker 2: a mask. 159 00:07:51,600 --> 00:07:52,800 Speaker 3: So it's just what I'm us saying. 160 00:07:53,680 --> 00:07:54,080 Speaker 1: There you go. 161 00:07:54,240 --> 00:07:55,480 Speaker 3: Lots still coming up in the show. 162 00:07:55,520 --> 00:07:57,080 Speaker 2: Like I said, we're going to talk to a mortgage 163 00:07:57,120 --> 00:07:59,400 Speaker 2: broker about interest rates coming down? 164 00:07:59,520 --> 00:08:00,880 Speaker 3: How is that? 165 00:08:01,760 --> 00:08:09,880 Speaker 2: WHOA plus fifty dollars dinners? It's all in Vogue ten 166 00:08:09,920 --> 00:08:11,400 Speaker 2: dollars coffees, fifty dollars dinners. 167 00:08:11,920 --> 00:08:15,800 Speaker 1: You're listening to KFI AM six forty on demand. 168 00:08:15,640 --> 00:08:19,440 Speaker 2: Coming up on nine to nineteen on this Thursday, October sixteenth. 169 00:08:20,080 --> 00:08:24,480 Speaker 2: Lots to talk about this evening. Joining us via the 170 00:08:24,480 --> 00:08:27,280 Speaker 2: telephone is mister James Reddick, who is a mortgage broker 171 00:08:27,880 --> 00:08:30,480 Speaker 2: out of the Bay Area, always talks to us when 172 00:08:30,640 --> 00:08:33,720 Speaker 2: mortgage rates are on the move. Mister Reddick, Good evening. 173 00:08:34,920 --> 00:08:36,440 Speaker 4: Eddie Reesemeyer, how are you, sir? 174 00:08:36,559 --> 00:08:39,880 Speaker 2: I'm so well. Mortgage rates are quickly approaching long term lows. 175 00:08:40,200 --> 00:08:43,040 Speaker 2: But I guess long term is relative depending on how 176 00:08:43,040 --> 00:08:44,840 Speaker 2: long you've been looking at these, But I know that 177 00:08:44,920 --> 00:08:48,280 Speaker 2: in the past few days we've been hovering around ooh 178 00:08:48,400 --> 00:08:51,240 Speaker 2: six point one two five on an average, maybe even 179 00:08:51,280 --> 00:08:54,640 Speaker 2: a six point one something. What's going on? 180 00:08:55,800 --> 00:08:56,000 Speaker 7: Yeah? 181 00:08:56,040 --> 00:08:59,839 Speaker 4: Absolutely, race that make you salivate when we've been living 182 00:08:59,840 --> 00:09:02,840 Speaker 4: in and you know, the barren desert of a horrid 183 00:09:02,960 --> 00:09:07,040 Speaker 4: mortgage rate for going on and I think four years now. 184 00:09:07,120 --> 00:09:10,680 Speaker 4: So yeah, absolutely, it's been fantastic to see them coming 185 00:09:10,679 --> 00:09:12,559 Speaker 4: down over the recent days. 186 00:09:13,440 --> 00:09:16,079 Speaker 2: Is there any specific reason why we might have expected 187 00:09:16,120 --> 00:09:17,440 Speaker 2: them to do this? I mean, I know that like, 188 00:09:17,480 --> 00:09:21,439 Speaker 2: psychologically the six percent threshold is a big deal for 189 00:09:21,840 --> 00:09:24,280 Speaker 2: buyers and also people look into refinance. 190 00:09:25,600 --> 00:09:28,480 Speaker 4: There really is yeah, you know, you see conflicting figures 191 00:09:28,480 --> 00:09:30,840 Speaker 4: there between whether or not six percent or five and 192 00:09:30,840 --> 00:09:33,120 Speaker 4: a half percent. It's kind of that that queue where 193 00:09:33,120 --> 00:09:35,840 Speaker 4: people feel more comfortable to move forward. And I know 194 00:09:35,960 --> 00:09:39,400 Speaker 4: here in near six percent, we're definitely seeing a lot 195 00:09:39,400 --> 00:09:41,680 Speaker 4: of home buyers start to jump into the market. Now. 196 00:09:41,880 --> 00:09:44,440 Speaker 4: The decrease in interest rate that we're seeing is really 197 00:09:44,520 --> 00:09:50,040 Speaker 4: namely around the jobs report. You know, we've seen weakening inflation, 198 00:09:50,559 --> 00:09:53,839 Speaker 4: or rather a softening economy over the last few months, 199 00:09:53,840 --> 00:09:55,640 Speaker 4: but we weren't really sure to what extent that was 200 00:09:55,640 --> 00:10:00,200 Speaker 4: taking place, and now seeing the Jerome Powell basically step 201 00:10:00,240 --> 00:10:03,120 Speaker 4: in and say, yes, the jobs report is worse than 202 00:10:03,160 --> 00:10:08,160 Speaker 4: we thought. We're definitely seeing a pretty significant softening in 203 00:10:08,240 --> 00:10:12,840 Speaker 4: the economy, and they're signaling at potentially more rate cuts 204 00:10:12,880 --> 00:10:16,400 Speaker 4: than we had anticipated. And anytime the Fed signals that 205 00:10:16,440 --> 00:10:20,080 Speaker 4: they're going to cut rates, the market will generally respond 206 00:10:20,080 --> 00:10:23,880 Speaker 4: to the bond market. So we saw a pretty significant 207 00:10:23,960 --> 00:10:25,319 Speaker 4: drop on Monday of this week. 208 00:10:25,840 --> 00:10:27,439 Speaker 2: So one of the things that Mark Runter and I 209 00:10:27,520 --> 00:10:30,040 Speaker 2: were just talking about is that some posts have been 210 00:10:30,040 --> 00:10:31,720 Speaker 2: going viral. I'm going to go through a couple of 211 00:10:31,720 --> 00:10:34,319 Speaker 2: them and help us sort the fact from fiction. 212 00:10:34,480 --> 00:10:34,800 Speaker 3: Please. 213 00:10:35,240 --> 00:10:36,719 Speaker 2: One of the things we saw was that the US 214 00:10:36,760 --> 00:10:40,720 Speaker 2: housing market has reached its most unaffordable level in history? 215 00:10:41,679 --> 00:10:45,920 Speaker 2: Is that true? Is it a surprise? Is it meaningful 216 00:10:46,600 --> 00:10:47,960 Speaker 2: even though it obviously hurts? 217 00:10:49,440 --> 00:10:52,680 Speaker 4: I mean that's a complicated one. Right. Would I say 218 00:10:52,720 --> 00:10:55,680 Speaker 4: that houses or are as expensive as they've been in history? 219 00:10:55,720 --> 00:10:57,560 Speaker 4: I don't think so, to be honest, I think that 220 00:10:57,600 --> 00:11:01,040 Speaker 4: we're off of the high that we would have seen 221 00:11:01,080 --> 00:11:07,480 Speaker 4: in late twenty nineteen prior to COVID. Are we close? Sure? 222 00:11:07,840 --> 00:11:11,120 Speaker 4: But as far as affordability goes, if the dollars weekend 223 00:11:11,160 --> 00:11:15,000 Speaker 4: and an inflation is still higher than we're used to 224 00:11:15,040 --> 00:11:18,160 Speaker 4: and the cost of everything is up, then potentially yes. 225 00:11:18,240 --> 00:11:22,320 Speaker 4: I think that the affordability is definitely an issue for 226 00:11:22,400 --> 00:11:23,320 Speaker 4: most Americans. 227 00:11:23,480 --> 00:11:26,679 Speaker 2: There's also something that's going around on Twitter that has 228 00:11:26,760 --> 00:11:30,480 Speaker 2: like six million views that is basically a graph that 229 00:11:30,600 --> 00:11:35,400 Speaker 2: shows FAHA loan locks to immigrants without permanent residency, including 230 00:11:35,559 --> 00:11:37,439 Speaker 2: H one B visa holders. Now I'm getting in the 231 00:11:37,480 --> 00:11:39,000 Speaker 2: weeds here. I know this is hard to sort of 232 00:11:39,000 --> 00:11:41,680 Speaker 2: talk about numbers on the radio, But what they are 233 00:11:42,200 --> 00:11:47,360 Speaker 2: illustrating here is, or they are alleging, is that since 234 00:11:47,720 --> 00:11:50,959 Speaker 2: the FHA ban went into effect in May of twenty 235 00:11:51,000 --> 00:11:56,000 Speaker 2: twenty five, that there was a huge drop in loan 236 00:11:56,040 --> 00:12:01,920 Speaker 2: locks for FAHA loans to immigrants without residency. Now, I 237 00:12:01,960 --> 00:12:04,640 Speaker 2: guess that makes sense, because that is what happened when 238 00:12:04,679 --> 00:12:07,520 Speaker 2: the ban happened. But then I think some are trying 239 00:12:07,600 --> 00:12:10,040 Speaker 2: to take this and say that this is indicative of 240 00:12:10,400 --> 00:12:15,600 Speaker 2: some kind of conspiracy where people who were not permanent 241 00:12:15,600 --> 00:12:17,439 Speaker 2: residents were taking up all of the housing. 242 00:12:19,440 --> 00:12:22,200 Speaker 4: Sure, you know, I think I did see that graph. 243 00:12:22,480 --> 00:12:25,319 Speaker 4: So a couple things to point out there. The figure 244 00:12:25,559 --> 00:12:32,400 Speaker 4: was about six percent of FAHA homelocks were immigrants rather 245 00:12:32,800 --> 00:12:36,920 Speaker 4: H one B visa holders or non permanent residents. Right, 246 00:12:37,200 --> 00:12:40,959 Speaker 4: So that's six percent of FAHA loans, not of conforming 247 00:12:41,160 --> 00:12:44,520 Speaker 4: or conventional loans. So FAHA is just one subset of 248 00:12:44,559 --> 00:12:48,440 Speaker 4: government backed mortgages, and it's the smaller of the larger 249 00:12:48,480 --> 00:12:53,240 Speaker 4: picture of mortgages. So FAHA loans total about fifteen percent 250 00:12:53,240 --> 00:12:57,360 Speaker 4: of the entire mortgage market. So this is six percent 251 00:12:57,760 --> 00:13:01,560 Speaker 4: of fifteen percent of the market. I think that's probably 252 00:13:01,640 --> 00:13:05,560 Speaker 4: about zero point eight or zero point nine percent of 253 00:13:05,920 --> 00:13:10,640 Speaker 4: all mortgage mortgage locks nationally, so we're talking about a 254 00:13:10,760 --> 00:13:12,240 Speaker 4: very small figure. 255 00:13:11,920 --> 00:13:12,920 Speaker 3: Here to begin with. 256 00:13:13,760 --> 00:13:17,320 Speaker 4: Secondly, H one B visa holders. These are generally, you know, 257 00:13:17,400 --> 00:13:20,760 Speaker 4: I think that using the term immigrant is probably meant 258 00:13:20,800 --> 00:13:23,959 Speaker 4: to be intentionally inflammatory towards, you know, a certain demographic. 259 00:13:24,480 --> 00:13:27,199 Speaker 4: H one B visa holders are generally someone who is 260 00:13:27,280 --> 00:13:31,240 Speaker 4: specialized in a field, whether that's medicine, technology, you know, 261 00:13:31,280 --> 00:13:33,719 Speaker 4: these are folks in high paying jobs in the Bay 262 00:13:33,760 --> 00:13:36,240 Speaker 4: Area in Los Angeles who are coming over here. They 263 00:13:36,280 --> 00:13:39,320 Speaker 4: have substantial down payments. One of the things that the 264 00:13:39,320 --> 00:13:43,160 Speaker 4: post mentioned, as I recall, is that it posted as 265 00:13:43,160 --> 00:13:47,760 Speaker 4: if they're taking advantage of a public welfare system. Now, FAH, 266 00:13:47,960 --> 00:13:49,760 Speaker 4: loans are backed by the government, but they're not a 267 00:13:49,760 --> 00:13:53,920 Speaker 4: public welfare system. You're not receiving free money. It is 268 00:13:53,960 --> 00:13:56,440 Speaker 4: a loan that you pay for with an interest rate 269 00:13:56,480 --> 00:13:59,640 Speaker 4: and a funding fee, just like you would any other 270 00:14:00,679 --> 00:14:04,120 Speaker 4: So to insinuate that they're somehow taking advantage of some 271 00:14:04,320 --> 00:14:09,120 Speaker 4: sort of an American you know, public benefit, right taxpayer, 272 00:14:07,960 --> 00:14:12,440 Speaker 4: I think, yeah, and there is no taxpayer money going 273 00:14:12,559 --> 00:14:14,280 Speaker 4: toward you know in Faha. 274 00:14:14,520 --> 00:14:15,360 Speaker 3: Well, I'll tell you what. 275 00:14:15,600 --> 00:14:19,760 Speaker 2: It's not the first time something dubious was posted on 276 00:14:19,800 --> 00:14:20,680 Speaker 2: the internet. 277 00:14:21,000 --> 00:14:22,240 Speaker 3: I'll just say that much. 278 00:14:22,880 --> 00:14:25,800 Speaker 2: Sometimes people post things that are inflammatory in order to 279 00:14:25,800 --> 00:14:28,080 Speaker 2: get attention, because, as we know, they make money when 280 00:14:28,080 --> 00:14:30,320 Speaker 2: their posts go viral. We don't have to get into 281 00:14:30,320 --> 00:14:32,080 Speaker 2: the details all of that, but I do I do 282 00:14:32,480 --> 00:14:35,800 Speaker 2: appreciate that analysis. When you look at this fall and 283 00:14:35,880 --> 00:14:39,000 Speaker 2: into the winter, places like San Francisco and Los Angeles 284 00:14:39,320 --> 00:14:41,760 Speaker 2: a little bit different than maybe the middle part of 285 00:14:41,800 --> 00:14:44,080 Speaker 2: the country. I know I have family members back in Indiana. 286 00:14:44,800 --> 00:14:47,880 Speaker 2: The housing market there has just stopped. Do you think 287 00:14:47,920 --> 00:14:51,400 Speaker 2: the same is on the way for these more, more 288 00:14:52,040 --> 00:14:53,240 Speaker 2: busy metropolitan areas. 289 00:14:54,560 --> 00:14:55,040 Speaker 3: I don't. 290 00:14:55,520 --> 00:14:57,480 Speaker 4: And here's the reason. So you know, obviously we have 291 00:14:58,560 --> 00:15:02,600 Speaker 4: a much larger concentration of the population here right What 292 00:15:02,720 --> 00:15:05,400 Speaker 4: I do think has happens. We've had a slight softening 293 00:15:05,560 --> 00:15:08,560 Speaker 4: in the market, so we've seen home prices come down 294 00:15:08,680 --> 00:15:10,880 Speaker 4: for the first time and you know, in a very 295 00:15:10,960 --> 00:15:15,120 Speaker 4: long time. However, there's still is a massive pool of 296 00:15:15,160 --> 00:15:18,480 Speaker 4: buyers who are waiting to buy. And I think, you know, 297 00:15:18,520 --> 00:15:21,880 Speaker 4: it's not even an issue of qualification, even considering how 298 00:15:21,920 --> 00:15:25,120 Speaker 4: expensive homes still are and higher interest rates, It's really 299 00:15:25,160 --> 00:15:29,040 Speaker 4: a question of comfort. I hosted an open house here 300 00:15:29,080 --> 00:15:32,160 Speaker 4: in the Bay Area last weekend and someone came up 301 00:15:32,160 --> 00:15:34,160 Speaker 4: to me and they said, you know, listen, I've got 302 00:15:34,160 --> 00:15:37,560 Speaker 4: a down payment, I've got the money saved, my income's strong. 303 00:15:37,760 --> 00:15:39,960 Speaker 4: I can buy a one point five million dollar house. 304 00:15:40,400 --> 00:15:44,080 Speaker 4: But should I? And then I think that's the question 305 00:15:44,160 --> 00:15:45,840 Speaker 4: on a lot of folks' minds, is you know, I 306 00:15:45,880 --> 00:15:48,640 Speaker 4: can afford to It's a stretch, but I can do it. 307 00:15:48,840 --> 00:15:50,720 Speaker 4: But should I? And what they really want to know 308 00:15:50,840 --> 00:15:51,480 Speaker 4: is is. 309 00:15:51,440 --> 00:15:53,320 Speaker 3: Their security long term? 310 00:15:53,680 --> 00:15:55,880 Speaker 4: Is the economy going to be secure? You know? Is 311 00:15:55,880 --> 00:15:58,320 Speaker 4: this a good investment for the money that I do have? 312 00:15:58,440 --> 00:16:01,000 Speaker 4: Or should I stay in the rental market? So I 313 00:16:01,040 --> 00:16:04,560 Speaker 4: think once we have a little bit of stability, I 314 00:16:04,560 --> 00:16:06,880 Speaker 4: think you'll see a lot of those buyers come into 315 00:16:06,880 --> 00:16:07,920 Speaker 4: the market pretty quickly. 316 00:16:08,040 --> 00:16:10,840 Speaker 2: Well. That will be good for mortgage brokers, realtors and 317 00:16:10,840 --> 00:16:13,920 Speaker 2: people trying to sell them their homes for sure. James, 318 00:16:14,160 --> 00:16:17,160 Speaker 2: thank you so much for colin. As always, how do 319 00:16:17,200 --> 00:16:18,320 Speaker 2: people find you on the Internet. 320 00:16:19,560 --> 00:16:22,000 Speaker 4: They can find me at search for James Reddick with 321 00:16:22,120 --> 00:16:26,040 Speaker 4: Barrett's Financial James Reddick, That's Barrett Financial. Two rs and 322 00:16:26,160 --> 00:16:26,640 Speaker 4: two teas. 323 00:16:27,160 --> 00:16:28,640 Speaker 3: Thank you, baddie, I have a great one. There. 324 00:16:28,640 --> 00:16:32,160 Speaker 2: He goes James, James Reddick always always nice to talk 325 00:16:32,200 --> 00:16:34,320 Speaker 2: to him. And by the way, James Reddick just became 326 00:16:34,360 --> 00:16:36,920 Speaker 2: a father a couple of weeks ago. How about that 327 00:16:37,080 --> 00:16:40,720 Speaker 2: little baby Aloise. Congratulations to James. I think he just 328 00:16:40,800 --> 00:16:45,800 Speaker 2: hung up, but very very wonderful to see that. See 329 00:16:45,840 --> 00:16:46,320 Speaker 2: that happening. 330 00:16:47,120 --> 00:16:52,040 Speaker 1: You're listening to KFI AM six forty on demand, rolling. 331 00:16:51,720 --> 00:16:57,840 Speaker 2: On here recipes stays freely seventy four too young, indeed, 332 00:16:59,360 --> 00:17:01,560 Speaker 2: please say hello if you'd like to at Andy ktla 333 00:17:01,720 --> 00:17:05,040 Speaker 2: on Instagram and also Twitter or x. I'm not on 334 00:17:05,119 --> 00:17:08,400 Speaker 2: Blue Sky. Didn't get the invite. I know it's open 335 00:17:08,440 --> 00:17:13,040 Speaker 2: to the public now. Too many social medias just waiting 336 00:17:13,880 --> 00:17:20,120 Speaker 2: for AI to come. Suck it all up, mark my words. 337 00:17:21,480 --> 00:17:26,320 Speaker 2: We were talking about coffee earlier and expensive coffee. Remember 338 00:17:26,359 --> 00:17:29,400 Speaker 2: that Clatch coffee in San Gabriel in the valley there 339 00:17:29,440 --> 00:17:32,800 Speaker 2: in San Gabriel Valley seventy eight dollars latte. How long 340 00:17:32,840 --> 00:17:38,120 Speaker 2: can we go on like this? Like truly, something's got 341 00:17:38,119 --> 00:17:39,960 Speaker 2: to give. I don't know who has the money for 342 00:17:40,040 --> 00:17:44,199 Speaker 2: this kind of stuff. Dinner for two people and a 343 00:17:44,200 --> 00:17:47,760 Speaker 2: couple drinks regularly two hundred dollars at a I mean, 344 00:17:47,880 --> 00:17:53,320 Speaker 2: fancy or trendy restaurant in Los Angeles. That's unusual. That 345 00:17:53,359 --> 00:17:56,479 Speaker 2: doesn't seem normal. It shouldn't be, but it kind of is. 346 00:18:00,960 --> 00:18:03,000 Speaker 2: LA Times came out with a list of fifty restaurants 347 00:18:03,000 --> 00:18:04,720 Speaker 2: maybe to help with this, where you can eat dinner 348 00:18:04,760 --> 00:18:08,280 Speaker 2: for under fifty dollars per person. These are places where 349 00:18:08,320 --> 00:18:12,159 Speaker 2: before tax and tip, the food is like thirty eight dollars. 350 00:18:12,160 --> 00:18:15,520 Speaker 2: That's how this works out. Includes a twenty percent tip, 351 00:18:15,640 --> 00:18:18,320 Speaker 2: so per person hundred bucks. 352 00:18:18,359 --> 00:18:19,160 Speaker 3: One hundred buck date. 353 00:18:19,760 --> 00:18:22,000 Speaker 2: You know you could, That's that'd be a good deal 354 00:18:22,040 --> 00:18:28,439 Speaker 2: these days. Some standouts on the list include Blood Cells 355 00:18:28,880 --> 00:18:32,159 Speaker 2: a few locations there. Great Barbecue at one point was 356 00:18:32,200 --> 00:18:34,919 Speaker 2: kind of LA's only barbecue place. There have been a 357 00:18:34,920 --> 00:18:38,320 Speaker 2: few that have comeing gone in the era since there's 358 00:18:38,359 --> 00:18:43,240 Speaker 2: a lot more. I think in South Los Angeles, East 359 00:18:43,240 --> 00:18:48,800 Speaker 2: Los Angeles Moosecraft I comes to mind. Holy Basil is 360 00:18:48,840 --> 00:18:51,159 Speaker 2: a fun tie spot in Atwater Village that's also on 361 00:18:51,240 --> 00:18:55,200 Speaker 2: the list. Father's Office. They just had a location closed 362 00:18:55,200 --> 00:18:56,720 Speaker 2: in Arts District, but I think they're still open in 363 00:18:56,720 --> 00:18:59,159 Speaker 2: Culver City and in Santa Monica. At the original location, 364 00:19:00,040 --> 00:19:03,760 Speaker 2: they got a great burger, greate beer. Do not ask 365 00:19:03,800 --> 00:19:06,600 Speaker 2: for ketchup. They will not give it to you. It 366 00:19:06,680 --> 00:19:09,879 Speaker 2: is a no ketchup establishment. I don't get it. I 367 00:19:09,880 --> 00:19:13,480 Speaker 2: don't understand why. I don't understand what point you're making anymore. 368 00:19:15,920 --> 00:19:19,400 Speaker 3: I get no ketchup on hot dogs because that's not 369 00:19:19,440 --> 00:19:22,560 Speaker 3: to be done. Sure, but well, what's the deal with burgers. 370 00:19:23,440 --> 00:19:27,199 Speaker 2: Well, the burger has a maybe a mayo on it 371 00:19:27,320 --> 00:19:29,400 Speaker 2: or something, and I know that the fries you dip 372 00:19:29,560 --> 00:19:31,320 Speaker 2: in they're aoli. 373 00:19:31,480 --> 00:19:36,280 Speaker 3: Also, let's not get too precious about the condiments, all right, but. 374 00:19:36,359 --> 00:19:39,719 Speaker 2: You know it's there, right. There's a place called Sonora 375 00:19:39,760 --> 00:19:41,800 Speaker 2: Town in mid City. They have a famous burrito called 376 00:19:41,800 --> 00:19:44,160 Speaker 2: the Burrito two point zero. It's very good. The whole 377 00:19:44,200 --> 00:19:48,280 Speaker 2: list is available on La Times. They are strangely missing islands. 378 00:19:48,640 --> 00:19:51,400 Speaker 2: I didn't see islands on the list, nor the Chili's 379 00:19:51,480 --> 00:19:55,000 Speaker 2: in Woodland Hills. You can definitely have a nice meal 380 00:19:55,040 --> 00:19:58,879 Speaker 2: there for under fifty bucks. Also places that are on 381 00:19:58,920 --> 00:20:01,760 Speaker 2: the list, like found Oyster, which is in East Hollywood, 382 00:20:02,560 --> 00:20:06,440 Speaker 2: you can order a little piece of toast, but that's 383 00:20:06,480 --> 00:20:09,439 Speaker 2: hardly a meal. Bestia is also on the list, but 384 00:20:09,440 --> 00:20:11,920 Speaker 2: pretty much only if you get one of the pizzas. 385 00:20:13,400 --> 00:20:15,159 Speaker 2: When you go to those places, you really want to 386 00:20:15,200 --> 00:20:18,200 Speaker 2: have the things that they offer there that are great, 387 00:20:18,200 --> 00:20:20,800 Speaker 2: and unfortunately that means it's a lot of money. Other places, 388 00:20:20,840 --> 00:20:23,679 Speaker 2: I would love to add Big Deans in Santa Monica, 389 00:20:23,800 --> 00:20:27,840 Speaker 2: just a really consistent burger at a good price, big 390 00:20:27,880 --> 00:20:32,960 Speaker 2: old beers right on the water. There no pretense mess 391 00:20:32,960 --> 00:20:36,840 Speaker 2: hall in those feels, that's fun. Stout Hollywood. They used 392 00:20:36,880 --> 00:20:38,280 Speaker 2: to have one in Studio City. It was a great 393 00:20:38,440 --> 00:20:43,199 Speaker 2: late night hang and the Great Greek. Gotta love the 394 00:20:43,240 --> 00:20:47,960 Speaker 2: Great Greek, good authentic Greek food. Every time you're in there. 395 00:20:47,960 --> 00:20:51,520 Speaker 2: It's just Greek people. And also shout out mas Italian 396 00:20:51,600 --> 00:20:55,800 Speaker 2: Kitchen and Burbeck just up the street. And I got 397 00:20:55,800 --> 00:20:58,440 Speaker 2: to tell you, when I was dating, it could get 398 00:20:58,480 --> 00:21:02,399 Speaker 2: really expensive, especially when you're going out on dates with 399 00:21:02,440 --> 00:21:04,960 Speaker 2: somebody where you're probably not gonna see him again, you know, 400 00:21:04,960 --> 00:21:08,720 Speaker 2: because you meet somebody on the internet you can't account 401 00:21:08,720 --> 00:21:12,560 Speaker 2: for chemistry. Then you show up in real life and 402 00:21:12,600 --> 00:21:14,199 Speaker 2: you're sitting there and you're like, oh man, this is 403 00:21:14,240 --> 00:21:16,879 Speaker 2: just it's okay, it's not going to work. But I 404 00:21:16,920 --> 00:21:18,800 Speaker 2: still got to pay for dinner. Because that's the rule. 405 00:21:18,840 --> 00:21:20,600 Speaker 2: If you're doing the asking, you got to be doing 406 00:21:20,600 --> 00:21:23,959 Speaker 2: the paying. Call me old fashioned, but I think that 407 00:21:23,960 --> 00:21:27,399 Speaker 2: that's the way it should go. I'll never forget this 408 00:21:27,400 --> 00:21:29,359 Speaker 2: one time I went to a restaurant. 409 00:21:29,720 --> 00:21:30,320 Speaker 3: God, it was. 410 00:21:32,560 --> 00:21:34,440 Speaker 2: Right after I moved to LA I think I met 411 00:21:34,480 --> 00:21:36,560 Speaker 2: somebody like on ok Cupid. So this was probably like 412 00:21:36,560 --> 00:21:40,040 Speaker 2: twenty twelve or twenty thirteen, and I was so broke. 413 00:21:40,680 --> 00:21:44,200 Speaker 3: I had no money. You know, you're a kid. 414 00:21:44,240 --> 00:21:46,240 Speaker 2: You're like twenty two years old, twenty three years old. 415 00:21:46,680 --> 00:21:49,040 Speaker 2: You got no money. You can't go out to dinner, 416 00:21:49,080 --> 00:21:50,840 Speaker 2: even though dinner was half the cost it is now. 417 00:21:51,920 --> 00:21:54,120 Speaker 2: I went to the dinner with this date, first date 418 00:21:54,640 --> 00:21:55,800 Speaker 2: better on the internet. 419 00:21:55,920 --> 00:21:59,480 Speaker 3: It's going okay. I think she's pretty attractive. 420 00:22:00,480 --> 00:22:05,040 Speaker 2: Maybe there's gonna be another day. Perhaps waiter makes a round. 421 00:22:05,080 --> 00:22:09,800 Speaker 2: After we have our food wrapping up. You know, can 422 00:22:09,840 --> 00:22:11,919 Speaker 2: I get you anything else? She goes, yeah, i'd love 423 00:22:11,960 --> 00:22:15,040 Speaker 2: to look at the menu. Uh oh, I said, okay, yeah, 424 00:22:15,080 --> 00:22:16,959 Speaker 2: we'll probably gonna get a dessert. Maybe she's gonna get 425 00:22:16,960 --> 00:22:20,760 Speaker 2: a little something else the side of fries. Would you 426 00:22:20,840 --> 00:22:25,600 Speaker 2: believe she ordered another entree to go. 427 00:22:26,400 --> 00:22:29,320 Speaker 3: On your dime? Oh yeah, Oh, you got to shut 428 00:22:29,320 --> 00:22:33,040 Speaker 3: that down. What's the word for that? The Yiddish word schnorer. 429 00:22:33,520 --> 00:22:37,480 Speaker 3: I've never heard that. Yah Snora, Okay, Nicky knows. 430 00:22:37,840 --> 00:22:40,720 Speaker 2: Yeah, that's somebody who turns up right when dinner is 431 00:22:40,760 --> 00:22:42,040 Speaker 2: serving being served. 432 00:22:42,080 --> 00:22:43,119 Speaker 3: It's very convenient. 433 00:22:43,720 --> 00:22:49,480 Speaker 2: Oh my goodness, that's so funny. Well Schnor's uh. Notwithstanding, 434 00:22:50,800 --> 00:22:52,280 Speaker 2: it was a it was a good learning lesson for 435 00:22:52,359 --> 00:22:56,120 Speaker 2: me as she took her entree to go and I 436 00:22:56,200 --> 00:22:57,280 Speaker 2: never saw her again. 437 00:22:58,200 --> 00:23:00,600 Speaker 3: Well, that in and of itself would get tea that, 438 00:23:00,680 --> 00:23:01,159 Speaker 3: wouldn't it. 439 00:23:02,119 --> 00:23:04,560 Speaker 2: You know, it's funny because I think back now as 440 00:23:04,560 --> 00:23:06,560 Speaker 2: an adult. You know, there was a time in my 441 00:23:06,600 --> 00:23:09,159 Speaker 2: life where that kind of toxicity was exciting for me. 442 00:23:09,359 --> 00:23:12,080 Speaker 3: See you remember what the entree was? I think it was. 443 00:23:12,200 --> 00:23:13,840 Speaker 2: No, it was at Red Oh, so it would have 444 00:23:13,840 --> 00:23:17,600 Speaker 2: been something in that headspace. That restaurant doesn't exist anymore. 445 00:23:17,640 --> 00:23:20,800 Speaker 3: I don't know that place. Perhaps a nice pill, a mignon, something, 446 00:23:20,920 --> 00:23:23,280 Speaker 3: something easy on the wallet. No, it was it was. 447 00:23:23,359 --> 00:23:25,520 Speaker 2: Expensive, no matter what, because again I was like twenty 448 00:23:25,560 --> 00:23:29,160 Speaker 2: two years old. Everything was too expensive. I guess Redo 449 00:23:29,280 --> 00:23:32,719 Speaker 2: still does exist. It was probably some I don't know, 450 00:23:32,840 --> 00:23:35,879 Speaker 2: I don't remember, but it was a real it was 451 00:23:35,920 --> 00:23:38,679 Speaker 2: a real eye opening experience. The other worst date that 452 00:23:38,680 --> 00:23:41,840 Speaker 2: I ever had was I took a girl back after dinner. 453 00:23:42,520 --> 00:23:43,960 Speaker 2: I picked her up at her apartment and then she 454 00:23:44,000 --> 00:23:46,120 Speaker 2: had me drop her off somewhere else, which I found 455 00:23:46,119 --> 00:23:51,160 Speaker 2: out later was a different guy's house, also somewhat rude. 456 00:23:51,600 --> 00:23:53,960 Speaker 3: Yeah, you know that's how it is out there. Did 457 00:23:54,000 --> 00:23:57,119 Speaker 3: she just shout out next? Next? 458 00:23:57,720 --> 00:23:59,080 Speaker 2: I just like took her somewhere and was like, oh, 459 00:23:59,080 --> 00:24:01,240 Speaker 2: this is kind of weird. Walks up the stairs, open 460 00:24:01,320 --> 00:24:03,640 Speaker 2: the door. There's a dude no shirt on. It gives 461 00:24:03,640 --> 00:24:06,520 Speaker 2: her a big hug. I was like, okay, so he 462 00:24:06,640 --> 00:24:10,480 Speaker 2: was half ready for. 463 00:24:11,160 --> 00:24:14,240 Speaker 3: That's exactly right. So you know this is a it's 464 00:24:14,240 --> 00:24:16,720 Speaker 3: fun here. I'm glad you mentioned Bledstows. I picked up 465 00:24:16,720 --> 00:24:18,840 Speaker 3: from them a few times in Their barbecue is really good. 466 00:24:18,880 --> 00:24:19,400 Speaker 3: It's really good. 467 00:24:19,400 --> 00:24:21,159 Speaker 2: Did you ever get down to San Pedro Fish Market? 468 00:24:21,920 --> 00:24:24,480 Speaker 3: I did not. No, No, I've become a strange shut in, 469 00:24:24,640 --> 00:24:28,159 Speaker 3: much to the chagrin of Tim Conway Junior. What why is? 470 00:24:28,240 --> 00:24:30,439 Speaker 2: Why does that? Why is Tim have a thought about that? 471 00:24:30,560 --> 00:24:32,639 Speaker 3: Because I'm not going to the Morongo thing. Oh no, 472 00:24:33,280 --> 00:24:37,359 Speaker 3: I've become a strange, paranoid hermit buddy, And this is 473 00:24:37,400 --> 00:24:39,760 Speaker 3: harshened on everybody's mellow. But no, I need to go 474 00:24:39,800 --> 00:24:42,000 Speaker 3: to that fish market because that looked really good. Yeah, 475 00:24:42,040 --> 00:24:43,280 Speaker 3: it's good. It's a good spot. 476 00:24:43,320 --> 00:24:45,879 Speaker 2: And they have just opened their new location there on 477 00:24:45,920 --> 00:24:49,720 Speaker 2: the waterfront, or reopened a waterfront location, and Mike told 478 00:24:49,720 --> 00:24:52,520 Speaker 2: me they had like five thousand people on the first day. 479 00:24:53,240 --> 00:24:57,600 Speaker 3: That is crazy. We keep looking for places with outdoor 480 00:24:57,640 --> 00:25:01,080 Speaker 3: seating just to be COVID safe, and it's not not 481 00:25:01,160 --> 00:25:03,800 Speaker 3: always the easiest thing. And now that the weather's getting 482 00:25:03,800 --> 00:25:07,280 Speaker 3: a little colder, maybe not the most comfortable thing either. 483 00:25:07,480 --> 00:25:10,440 Speaker 2: Yeah, I heard that, heard that for sure. Well, I'll 484 00:25:10,440 --> 00:25:12,000 Speaker 2: tell you what. I will come up with a list 485 00:25:12,040 --> 00:25:19,280 Speaker 2: of good outdoor outdoor eteries with heaters and I'll send 486 00:25:19,280 --> 00:25:19,960 Speaker 2: it on over to you. 487 00:25:20,680 --> 00:25:28,640 Speaker 3: Meanwhile, Sale Park is at Costco ooh hey, I mean, 488 00:25:28,640 --> 00:25:30,440 Speaker 3: you wouldn't wear one of those on a first date. 489 00:25:30,560 --> 00:25:33,680 Speaker 3: But you know, if you're into the groove, nobody cares 490 00:25:33,840 --> 00:25:35,920 Speaker 3: no and the groove, as they say, is in the heart. 491 00:25:36,080 --> 00:25:39,480 Speaker 1: You're listening to KFI AM six forty on demand. 492 00:25:40,200 --> 00:25:41,320 Speaker 3: I told you about this earlier. 493 00:25:41,640 --> 00:25:46,040 Speaker 2: Did you know that there are now, according to some reports, 494 00:25:46,359 --> 00:25:49,960 Speaker 2: sixty seven million people currently working as full or part 495 00:25:50,040 --> 00:25:55,359 Speaker 2: time creators like influencers. They never expected to go up 496 00:25:55,400 --> 00:25:58,640 Speaker 2: to more than one hundred and five million by twenty thirty. Collee, 497 00:25:58,640 --> 00:26:03,720 Speaker 2: according to Goldman Sachs, who's never done anything wrong. 498 00:26:05,640 --> 00:26:08,720 Speaker 3: Take everything they say of face value everything. 499 00:26:08,880 --> 00:26:10,879 Speaker 2: Hollywood Reporter says that this is the year that the 500 00:26:10,920 --> 00:26:13,879 Speaker 2: power dynamic in Hollywood has finally flipped, because for years, 501 00:26:13,920 --> 00:26:20,000 Speaker 2: Hollywood has generally looked at influencers as lesser than However, 502 00:26:20,960 --> 00:26:25,479 Speaker 2: content creators are making big money. Content deals are expected 503 00:26:25,480 --> 00:26:28,040 Speaker 2: to surpass ten billion dollars this year, and all of 504 00:26:28,080 --> 00:26:31,080 Speaker 2: it is putting Hollywood on notice as the traditional entertainment 505 00:26:31,080 --> 00:26:37,920 Speaker 2: industry is showing eagerness to embrace the creator economy. Not 506 00:26:37,960 --> 00:26:41,919 Speaker 2: only is traditional talent embracing digital platforms, but writers, actors, 507 00:26:41,920 --> 00:26:46,120 Speaker 2: and producers who previously worked in old school entertainment are 508 00:26:46,200 --> 00:26:50,439 Speaker 2: now working on social first content creators are hiring scriptwriters, 509 00:26:50,480 --> 00:26:54,280 Speaker 2: production managers, and out of work actors as Hollywood pivots. 510 00:26:54,560 --> 00:26:59,920 Speaker 2: You've heard about vertical dramas. I'm sure Netflix's CEO Tests 511 00:27:00,040 --> 00:27:02,960 Speaker 2: Rando says that the streaming platform is actively hunting for 512 00:27:03,240 --> 00:27:07,720 Speaker 2: Internet talent. They have a show with Miss Rachel as well, 513 00:27:10,080 --> 00:27:12,679 Speaker 2: and it's not all a bunch of young kids or 514 00:27:13,000 --> 00:27:16,359 Speaker 2: gen zers doing dances on TikTok. The fastest growing group 515 00:27:16,760 --> 00:27:20,000 Speaker 2: in the creative economy are grown ups, adult professionals who 516 00:27:20,000 --> 00:27:21,879 Speaker 2: have gotten laid off or retired of working for a 517 00:27:21,920 --> 00:27:23,880 Speaker 2: company and are becoming creators as a way to grow 518 00:27:23,920 --> 00:27:25,320 Speaker 2: their own businesses. 519 00:27:27,400 --> 00:27:28,280 Speaker 3: And the later stage. 520 00:27:28,320 --> 00:27:30,520 Speaker 2: Professional creators have been a boon for advertisers that are 521 00:27:30,560 --> 00:27:33,840 Speaker 2: seeking to reach previously untapped communities online. Here's the problem 522 00:27:33,840 --> 00:27:39,400 Speaker 2: with this. It's not entertainment. It's advertising. None of it 523 00:27:39,440 --> 00:27:41,399 Speaker 2: is the same as movies or TV. 524 00:27:41,560 --> 00:27:42,560 Speaker 3: It's it's. 525 00:27:44,080 --> 00:27:49,159 Speaker 2: Content for selling something using the algorithm to do so. 526 00:27:50,200 --> 00:27:55,359 Speaker 2: It's all ads, doesn't matter how I mean. That's the 527 00:27:55,359 --> 00:27:59,480 Speaker 2: big wheel that makes monetization on the Internet possible. You 528 00:27:59,560 --> 00:28:04,480 Speaker 2: gotta sell your diet tea. The rise of AI, of course, though, 529 00:28:04,840 --> 00:28:08,480 Speaker 2: might throw a wrench in all this. You saw Sora, 530 00:28:08,560 --> 00:28:16,280 Speaker 2: two videos that are basically indistinguishable, easy to make aislop everywhere, 531 00:28:18,560 --> 00:28:22,119 Speaker 2: very hard for the algorithm to, at least at this point, 532 00:28:22,200 --> 00:28:25,520 Speaker 2: identify what is created by AI versus what is made 533 00:28:25,520 --> 00:28:31,200 Speaker 2: by a human. AI podcasts are everywhere. They're getting served up. 534 00:28:32,040 --> 00:28:36,879 Speaker 2: There's one company that's making three thousand AI podcasts a week. 535 00:28:38,360 --> 00:28:39,400 Speaker 2: This is what they sound like. 536 00:28:40,200 --> 00:28:45,640 Speaker 4: Introducing our new GENFM podcast feature, say hello to your hosts. 537 00:28:46,360 --> 00:28:49,280 Speaker 5: I mean, seriously, I find Cinderella just so inspiring as 538 00:28:49,280 --> 00:28:50,800 Speaker 5: a character throughout this whole book. 539 00:28:50,880 --> 00:28:52,640 Speaker 2: Yeah, I know, right, and she does it all in 540 00:28:52,680 --> 00:28:54,080 Speaker 2: those tiny glass slippers. 541 00:28:54,320 --> 00:28:54,720 Speaker 3: Unreal. 542 00:28:55,160 --> 00:28:58,800 Speaker 7: All right, So let's dive into today's review topic, atomic theory. 543 00:28:59,200 --> 00:29:03,400 Speaker 2: I mean, maybe more charisma than me. Sometimes it still 544 00:29:03,400 --> 00:29:06,520 Speaker 2: sounds pretty bad, but this is six or seven months ago. 545 00:29:06,560 --> 00:29:08,760 Speaker 2: Eleven Labs, the company behind those, claims that this is 546 00:29:08,800 --> 00:29:12,480 Speaker 2: going to be revolutionary, and like I said, maybe if 547 00:29:12,520 --> 00:29:15,400 Speaker 2: it sucks, it doesn't make a difference because the company 548 00:29:15,400 --> 00:29:18,560 Speaker 2: who makes podcasts like three thousand a week uploads them 549 00:29:18,560 --> 00:29:20,520 Speaker 2: to the regular podcast app that we get all our 550 00:29:20,520 --> 00:29:24,400 Speaker 2: regular stuff on, not the iHeart app, but podcasts or 551 00:29:24,440 --> 00:29:29,400 Speaker 2: Spotify says that they have a disclosure and it says 552 00:29:29,440 --> 00:29:32,200 Speaker 2: it's an AI generated podcast, but many people don't care. 553 00:29:35,120 --> 00:29:39,040 Speaker 2: The horror I think for somebody who loves traditional media 554 00:29:39,080 --> 00:29:41,880 Speaker 2: and respects it and grew up in it and thought, hey, 555 00:29:41,880 --> 00:29:43,560 Speaker 2: that seems like a cool thing to do with your life, 556 00:29:44,520 --> 00:29:47,080 Speaker 2: is that the podcasts go out into the world and 557 00:29:47,120 --> 00:29:50,240 Speaker 2: they become good enough, not so good, but good enough that. 558 00:29:50,200 --> 00:29:51,160 Speaker 3: People just don't care. 559 00:29:55,440 --> 00:30:00,440 Speaker 2: An AI slop you know, it's not really manufacturing or 560 00:30:00,480 --> 00:30:03,400 Speaker 2: it's not really it's like an ANECDI for instance. But 561 00:30:03,440 --> 00:30:05,240 Speaker 2: if the A I think told you a story, it's 562 00:30:05,240 --> 00:30:09,160 Speaker 2: not a real story aside or whatever joke that I mean, 563 00:30:09,200 --> 00:30:11,680 Speaker 2: that's just something that it cludes together from all the 564 00:30:11,720 --> 00:30:14,480 Speaker 2: other stuff on the Internet. I think what we like 565 00:30:14,560 --> 00:30:17,920 Speaker 2: about people, especially ones that we want to listen to 566 00:30:18,120 --> 00:30:20,800 Speaker 2: day in and day out, are that they have unique 567 00:30:20,880 --> 00:30:28,240 Speaker 2: experiences and those are real or edited for FCC compliance. 568 00:30:31,800 --> 00:30:34,960 Speaker 2: It's a strange world out there, and I just hope 569 00:30:34,960 --> 00:30:39,280 Speaker 2: that there's enough foresight from the people who are in charge, 570 00:30:41,600 --> 00:30:43,840 Speaker 2: and by in charge, I mean big media. I guess 571 00:30:43,880 --> 00:30:46,360 Speaker 2: I don't know. It's all nebulous out there. I don't 572 00:30:46,360 --> 00:30:49,040 Speaker 2: ever get access to it that they understand that people 573 00:30:49,040 --> 00:30:52,680 Speaker 2: still want people Ronn. We talked about this last week. 574 00:30:52,760 --> 00:30:54,680 Speaker 3: Oh yeah, I read about it all the time as well. 575 00:30:54,800 --> 00:30:58,680 Speaker 3: There was an interesting article chart study going around all 576 00:30:58,760 --> 00:31:03,440 Speaker 3: yesterday about the number of AI generated articles online eclipsing 577 00:31:03,480 --> 00:31:07,120 Speaker 3: the number of human generated articles. Yeah, and the upshot 578 00:31:07,120 --> 00:31:09,960 Speaker 3: of this is that all AI does is steal and 579 00:31:10,000 --> 00:31:12,479 Speaker 3: assimilate things. So the more of this you get, the 580 00:31:12,480 --> 00:31:14,360 Speaker 3: more it's a copy of a copy of a copy 581 00:31:15,000 --> 00:31:17,640 Speaker 3: potentially the dumber it is, yeah, exactly, but it's just 582 00:31:17,680 --> 00:31:18,760 Speaker 3: harder and harder to cut through. 583 00:31:18,800 --> 00:31:20,920 Speaker 2: I mean, the dead Internet theory is so crazy that like, 584 00:31:21,000 --> 00:31:23,880 Speaker 2: not only are the bots reading and commenting on everything, 585 00:31:23,880 --> 00:31:25,840 Speaker 2: but they might be reading and commenting on stuff that 586 00:31:26,000 --> 00:31:27,400 Speaker 2: other bots have made. 587 00:31:27,440 --> 00:31:30,640 Speaker 3: Right, and so it'll continue to degenerate as it just 588 00:31:31,280 --> 00:31:35,000 Speaker 3: goes through cycle after cycle of that. Also, nobody wants this. 589 00:31:35,120 --> 00:31:39,480 Speaker 3: Nobody wants this. All art, including radio, including podcasts, is 590 00:31:39,480 --> 00:31:42,840 Speaker 3: about connecting with and becoming more of a human being. 591 00:31:42,880 --> 00:31:47,240 Speaker 2: There you go, well said, and we will be here 592 00:31:47,880 --> 00:31:50,520 Speaker 2: tomorrow as well to do all of those things all 593 00:31:50,560 --> 00:31:55,080 Speaker 2: over again. A big thanks to and in memory of 594 00:31:55,160 --> 00:31:58,680 Speaker 2: Ace Freely, James Reddick, John Tesh and the Tesh Heads. 595 00:31:58,680 --> 00:32:01,880 Speaker 2: Then and now The Voice oft is Staples Center, seventy 596 00:32:01,920 --> 00:32:04,120 Speaker 2: eight dollars coffee, Mark Ronner's book Friends in New England, 597 00:32:04,160 --> 00:32:06,440 Speaker 2: Shout him Out. This episode is brought to you by 598 00:32:06,480 --> 00:32:09,360 Speaker 2: William Shatner's Virginia Slims. Get the Buzz of the Rocket 599 00:32:09,480 --> 00:32:13,480 Speaker 2: Man with William Shatner's Virginia Slims and Burbank where it's 600 00:32:13,520 --> 00:32:17,040 Speaker 2: always Halloween for some reason in the City of Screams. 601 00:32:18,760 --> 00:32:20,560 Speaker 2: Plus Schnorers. I didn't have time to come up with 602 00:32:20,600 --> 00:32:22,680 Speaker 2: a joke for Schnorers, but it's pretty funny on its own. 603 00:32:22,760 --> 00:32:24,600 Speaker 2: On behalf of a producer Nickcki Bord p Tony News 604 00:32:24,640 --> 00:32:27,400 Speaker 2: anchor Mark Ronner, I mean Andy Reestmeyer. Will see you tomorrow, 605 00:32:27,960 --> 00:32:30,800 Speaker 2: right back here on KFI AM six forty live everywhere 606 00:32:31,280 --> 00:32:32,120 Speaker 2: on the iHeartRadio 607 00:32:32,160 --> 00:32:35,360 Speaker 1: App, KFI AM six forty on demand