1 00:00:00,240 --> 00:00:03,800 Speaker 1: Six one seven two six six sixty eight sixty eight 2 00:00:04,120 --> 00:00:08,760 Speaker 1: is the number. Okay, Trump and the Trump administration are 3 00:00:08,800 --> 00:00:16,160 Speaker 1: now seriously considering allowing fifty year mortgages, especially for first 4 00:00:16,160 --> 00:00:19,480 Speaker 1: time home buyers, as a way to tackle the growing 5 00:00:19,520 --> 00:00:21,360 Speaker 1: affordability crisis in our nation. 6 00:00:22,120 --> 00:00:22,240 Speaker 2: Uh. 7 00:00:22,440 --> 00:00:25,560 Speaker 1: This would lower mortgage payments by about a couple hundred 8 00:00:25,640 --> 00:00:29,920 Speaker 1: dollars a month, which would help, no question. But is 9 00:00:29,960 --> 00:00:33,559 Speaker 1: it worth it with all the extra interest? How this 10 00:00:33,640 --> 00:00:37,000 Speaker 1: thing would be you know, uh, spread out over not 11 00:00:37,120 --> 00:00:41,080 Speaker 1: thirty years, but now fifty years. Would you take a 12 00:00:41,280 --> 00:00:45,640 Speaker 1: fifty year mortgage? I know I wouldn't, And would you 13 00:00:45,720 --> 00:00:48,680 Speaker 1: be willing to eat that much more in interest payments? 14 00:00:49,280 --> 00:00:51,400 Speaker 1: And it would come to about three hundred and seventy 15 00:00:51,479 --> 00:00:55,120 Speaker 1: nine thousand on a four hundred and fifteen thousand dollars home. 16 00:00:56,200 --> 00:00:58,800 Speaker 1: So it's not a little, it's a lot of interest. 17 00:01:00,240 --> 00:01:03,320 Speaker 1: To me, that's a form of debt slavery. I don't 18 00:01:03,400 --> 00:01:06,440 Speaker 1: like debt. I don't like this kind of debt, and 19 00:01:06,480 --> 00:01:09,920 Speaker 1: I certainly don't like it when big banks because remember, 20 00:01:10,000 --> 00:01:13,399 Speaker 1: in the end, if this is a bubble, if you've 21 00:01:13,440 --> 00:01:16,240 Speaker 1: got too many people in forty to fifty year mortgages 22 00:01:17,040 --> 00:01:20,080 Speaker 1: and they can't make their payments and they go delinquent. 23 00:01:21,040 --> 00:01:24,240 Speaker 1: It's not the banks that lose the money, it's the 24 00:01:24,280 --> 00:01:28,240 Speaker 1: taxpayers that are on the hook. And in a way, 25 00:01:28,360 --> 00:01:30,640 Speaker 1: that's what happened within the two thousand and eight two 26 00:01:30,680 --> 00:01:34,560 Speaker 1: thousand and nine big recession. They were Fannie Mae, Freddie 27 00:01:34,640 --> 00:01:39,759 Speaker 1: Mack were giving out forty year mortgages and yeah, they 28 00:01:39,800 --> 00:01:43,480 Speaker 1: lowered the monthly payments, but ultimately the people that went 29 00:01:43,480 --> 00:01:47,240 Speaker 1: into these homes just weren't able to pay for the 30 00:01:47,360 --> 00:01:51,280 Speaker 1: kind of home that they were living in. And eventually 31 00:01:51,840 --> 00:01:56,880 Speaker 1: the bubble burst and the housing market completely collapsed. With it, 32 00:01:56,960 --> 00:02:00,440 Speaker 1: the stock market with it, much of the economy, and 33 00:02:00,520 --> 00:02:03,960 Speaker 1: we got Barack Obama and we got too big to fail. 34 00:02:05,080 --> 00:02:08,120 Speaker 1: So the banks, you know, that's the thing about these 35 00:02:08,160 --> 00:02:11,440 Speaker 1: greedy big banks. They make money on the front end 36 00:02:11,840 --> 00:02:14,720 Speaker 1: and then they make money on the back end. So 37 00:02:14,840 --> 00:02:18,160 Speaker 1: no matter what, they don't lose. You know, heads I win, 38 00:02:18,320 --> 00:02:23,000 Speaker 1: tails you lose. So if you make your payments, they 39 00:02:23,040 --> 00:02:25,480 Speaker 1: still make a ton of money on the interest. You 40 00:02:25,560 --> 00:02:30,240 Speaker 1: don't make your payments, the taxpayer, Uncle Sam will underwrite 41 00:02:30,280 --> 00:02:33,480 Speaker 1: the loss. So the bank, you know, it's like it's 42 00:02:33,480 --> 00:02:38,239 Speaker 1: like in a casino, the house always wins. In this case, 43 00:02:38,800 --> 00:02:43,520 Speaker 1: the big banks always win six one seven two six 44 00:02:43,680 --> 00:02:49,440 Speaker 1: six sixty eight sixty eight agree, disagree. Eric in Plymouth, 45 00:02:49,680 --> 00:02:51,960 Speaker 1: Thanks for holding Eric, and welcome. 46 00:02:54,120 --> 00:02:58,480 Speaker 3: Good morning, Jeff. Hi Eric, Now yeah, thanks for taking 47 00:02:58,480 --> 00:02:59,399 Speaker 3: my call. Yeah yeah. 48 00:02:59,440 --> 00:03:02,800 Speaker 4: The realization here, Dave is yeah, it is the house, 49 00:03:03,120 --> 00:03:05,400 Speaker 4: and the house is going to win in this fifty 50 00:03:05,480 --> 00:03:08,440 Speaker 4: year Okay, well how is it going to benefit the people? 51 00:03:09,040 --> 00:03:14,160 Speaker 3: Okay? And reverse, Well we've been through this again. 52 00:03:14,280 --> 00:03:19,400 Speaker 4: Realization. You just I just laid out this moment from 53 00:03:19,520 --> 00:03:23,400 Speaker 4: from from bush Gay who the surveillance state to. 54 00:03:25,120 --> 00:03:26,280 Speaker 5: Oh bombay. 55 00:03:28,840 --> 00:03:31,520 Speaker 1: Eric, Let's see if we can try to reconnect as 56 00:03:31,560 --> 00:03:35,440 Speaker 1: your phone connection is horrible. Every second word, we're losing it. 57 00:03:36,320 --> 00:03:39,960 Speaker 1: But and we just dropped him. I'm sorry, Eric. No, look, 58 00:03:40,080 --> 00:03:41,840 Speaker 1: let me just ask all of you this because this 59 00:03:42,000 --> 00:03:44,080 Speaker 1: is the counter argument, and I think it's a good 60 00:03:44,080 --> 00:03:49,280 Speaker 1: counter argument, which is, well, look, Jeff, instead of renting, 61 00:03:50,080 --> 00:03:54,400 Speaker 1: and if you rent, you're not building any equity, right, 62 00:03:54,440 --> 00:03:56,200 Speaker 1: I mean, sure, you've got a roof over your head, 63 00:03:56,240 --> 00:03:57,080 Speaker 1: but the money's gone. 64 00:03:57,520 --> 00:03:57,680 Speaker 3: Right. 65 00:03:57,720 --> 00:03:59,800 Speaker 1: You give your check to your landlord and that's it. 66 00:04:01,000 --> 00:04:03,840 Speaker 1: You get nothing in return for it. But if you 67 00:04:03,920 --> 00:04:07,080 Speaker 1: go from a rental apartment to honing your own home, 68 00:04:07,200 --> 00:04:11,080 Speaker 1: even if it's a fifty year mortgage, Well, whatever little 69 00:04:11,080 --> 00:04:15,240 Speaker 1: equity is being built up, it's yours. So you're living 70 00:04:15,280 --> 00:04:18,599 Speaker 1: in something that you own or in the process of owning. 71 00:04:20,240 --> 00:04:24,560 Speaker 1: So it's still much better than just being out on, 72 00:04:24,640 --> 00:04:29,719 Speaker 1: you know, just renting. So yeah, it's more interest. Yeah, 73 00:04:29,839 --> 00:04:32,279 Speaker 1: it'll be paid off in a much longer time period. 74 00:04:32,680 --> 00:04:34,960 Speaker 1: You can, by the way, if it goes up in value, 75 00:04:35,120 --> 00:04:38,680 Speaker 1: you can resell it, pocket the difference, get yourself a 76 00:04:38,680 --> 00:04:42,080 Speaker 1: better home or at a better mortgage rate. In other words, 77 00:04:42,839 --> 00:04:47,760 Speaker 1: something is better than nothing. And what Trump is now offering, 78 00:04:47,880 --> 00:04:51,279 Speaker 1: or at least his people are now offering, is something. 79 00:04:52,240 --> 00:04:55,480 Speaker 1: It's a couple hundred dollars less a month in mortgage payments, 80 00:04:56,480 --> 00:05:00,719 Speaker 1: and it's a chance to own a home, especially for 81 00:05:00,880 --> 00:05:05,240 Speaker 1: younger people in which that dream is now gone. So 82 00:05:05,600 --> 00:05:09,040 Speaker 1: I'm just curious, what say you? Six one seven two 83 00:05:09,080 --> 00:05:12,760 Speaker 1: six six sixty eight sixty eight is the number my 84 00:05:12,920 --> 00:05:15,239 Speaker 1: strong mic? Who would you like me to go to? Next? 85 00:05:15,279 --> 00:05:23,440 Speaker 1: Mike Kim in Brighton. Thanks for holding Kim, and welcome, good. 86 00:05:23,200 --> 00:05:24,960 Speaker 6: Morning, Jeff. Thank you for taking my. 87 00:05:25,040 --> 00:05:26,039 Speaker 1: Call, my pleasure. 88 00:05:27,760 --> 00:05:32,200 Speaker 6: I am completely against this idea and I have to 89 00:05:32,240 --> 00:05:36,360 Speaker 6: say that politicians are not our friends. Politicians are the 90 00:05:36,560 --> 00:05:41,200 Speaker 6: enemies of taxpayers. The number one way, in my opinion, 91 00:05:41,320 --> 00:05:44,719 Speaker 6: to stimulate the economy is to index the capital game's 92 00:05:45,000 --> 00:05:49,320 Speaker 6: rate to inflation. People don't seem to realize that we're 93 00:05:49,360 --> 00:05:53,480 Speaker 6: actually all slates. Some of us live in nicer cages 94 00:05:54,120 --> 00:05:58,280 Speaker 6: than others, but we're all slates. And the two main 95 00:05:58,440 --> 00:06:01,839 Speaker 6: things that have happened over the past five years that 96 00:06:01,960 --> 00:06:06,120 Speaker 6: were so deleterious to our way of life we number 97 00:06:06,120 --> 00:06:10,400 Speaker 6: one opening the borders and number two with the money 98 00:06:10,440 --> 00:06:15,320 Speaker 6: printing and black Rock and Vanguard buying houses. That would 99 00:06:15,360 --> 00:06:18,440 Speaker 6: be a third point, but that's partly with the money printing. 100 00:06:19,600 --> 00:06:24,200 Speaker 6: And so people live in houses, and the government values 101 00:06:24,720 --> 00:06:28,560 Speaker 6: the property and they can increase the mill rate, and 102 00:06:28,600 --> 00:06:32,760 Speaker 6: then when they increase the value, they can tax you more. So, 103 00:06:32,800 --> 00:06:36,880 Speaker 6: if we're paying taxes on property and our home, who 104 00:06:36,920 --> 00:06:41,320 Speaker 6: really owns the property and the home? And so I 105 00:06:41,400 --> 00:06:47,000 Speaker 6: think the bankers, the Luciferian money printers, are really the 106 00:06:47,120 --> 00:06:51,400 Speaker 6: people who are responsible for all of this. And the 107 00:06:51,480 --> 00:06:55,320 Speaker 6: population is very ignorant. They don't understand how money works. 108 00:06:55,400 --> 00:07:00,600 Speaker 6: They don't understand our system. And we had even Kamala 109 00:07:00,720 --> 00:07:03,040 Speaker 6: ding don com Kim, can. 110 00:07:02,960 --> 00:07:06,680 Speaker 1: You do me a favor? You're a genius. I'm telling you. 111 00:07:07,200 --> 00:07:11,000 Speaker 1: This is a master class which you are now laying out. 112 00:07:11,320 --> 00:07:14,800 Speaker 1: Six one seven two six, six sixty eight sixty eight 113 00:07:15,120 --> 00:07:19,720 Speaker 1: is the number. Okay. President Trump now says Republicans need 114 00:07:19,760 --> 00:07:23,840 Speaker 1: to focus like a laser beam on the affordability crisis, 115 00:07:23,880 --> 00:07:27,440 Speaker 1: the affordability issue. He doesn't want the Democrats to take 116 00:07:27,480 --> 00:07:31,880 Speaker 1: it away from them, as now it appears, at least temporarily, 117 00:07:31,960 --> 00:07:36,200 Speaker 1: they've done with their latest victories in New Jersey, Virginia 118 00:07:36,240 --> 00:07:39,480 Speaker 1: and of course Mamdani in New York City. And so 119 00:07:39,680 --> 00:07:41,480 Speaker 1: one of the ways now they want to try to 120 00:07:41,520 --> 00:07:45,680 Speaker 1: make the cost of housing more affordable is to allow 121 00:07:46,040 --> 00:07:52,280 Speaker 1: and introduce a fifty year mortgage. It'll lower your monthly 122 00:07:52,320 --> 00:07:56,120 Speaker 1: payment couple hundred dollars every month, no question, But you're 123 00:07:56,120 --> 00:07:59,200 Speaker 1: going to be paying a lot more interest over a 124 00:07:59,320 --> 00:08:04,640 Speaker 1: much longer period of time. Good idea, bad idea. Let's 125 00:08:04,720 --> 00:08:07,480 Speaker 1: go right back to Kim in Brighton, she was on 126 00:08:07,680 --> 00:08:12,880 Speaker 1: fire saying that it's all we're basically now living in 127 00:08:12,920 --> 00:08:17,040 Speaker 1: a form of debt slavery, that we're paying way too 128 00:08:17,120 --> 00:08:21,120 Speaker 1: much in property taxes, capital gains needs to be indexed 129 00:08:21,120 --> 00:08:24,680 Speaker 1: to inflation. What happened under Biden was there was so 130 00:08:24,760 --> 00:08:28,840 Speaker 1: much spending that it led to massive printing of money. 131 00:08:29,320 --> 00:08:32,160 Speaker 1: And when you print money, it makes inflation go through 132 00:08:32,160 --> 00:08:35,360 Speaker 1: the roof, which is exactly what happened. And we are 133 00:08:35,440 --> 00:08:39,400 Speaker 1: now at the mercy of the bankers and the money printers. 134 00:08:39,880 --> 00:08:41,960 Speaker 1: Please Kim pick up where you left off. 135 00:08:43,200 --> 00:08:46,320 Speaker 6: Yes, thank you, Jeff. So, in my opinion, this is 136 00:08:46,400 --> 00:08:51,080 Speaker 6: all intentional, and it's to keep people like tax slaves, 137 00:08:51,200 --> 00:08:52,320 Speaker 6: because that's. 138 00:08:52,160 --> 00:08:53,800 Speaker 7: Really what we are. 139 00:08:54,280 --> 00:08:57,680 Speaker 6: And I call them the Luciferian money printers. And you 140 00:08:57,720 --> 00:09:00,760 Speaker 6: look at what the prices of houses were, say in 141 00:09:00,880 --> 00:09:04,800 Speaker 6: twenty twenty and Trump's first term. The first thing that 142 00:09:04,960 --> 00:09:08,560 Speaker 6: happened was the text rate where was lowered and we 143 00:09:08,600 --> 00:09:12,320 Speaker 6: all got bigger paychecks. But the whole system is stacked 144 00:09:12,360 --> 00:09:16,200 Speaker 6: against people and the big war on cash. People have 145 00:09:16,280 --> 00:09:19,679 Speaker 6: to understand this is a very serious thing. When you 146 00:09:19,720 --> 00:09:23,240 Speaker 6: can pay cash for a property, you don't give the 147 00:09:23,280 --> 00:09:27,439 Speaker 6: bankers any opportunity to create more money. You own your 148 00:09:27,480 --> 00:09:31,439 Speaker 6: property outright, but again that own is in quotation marks. 149 00:09:31,840 --> 00:09:34,240 Speaker 6: So what they prefer, like if you spend one hundred 150 00:09:34,280 --> 00:09:37,359 Speaker 6: dollars in the economy, that one hundred dollars remains. 151 00:09:36,960 --> 00:09:37,800 Speaker 7: One hundred dollars. 152 00:09:37,880 --> 00:09:38,440 Speaker 2: No matter what. 153 00:09:38,600 --> 00:09:41,160 Speaker 6: If I give you one hundred dollars, you buy something 154 00:09:41,200 --> 00:09:43,680 Speaker 6: for one hundred dollars, it's still one hundred dollars. But 155 00:09:43,800 --> 00:09:46,360 Speaker 6: if I buy something from you and I use a 156 00:09:46,400 --> 00:09:50,160 Speaker 6: credit card, they get their one point five percent. If 157 00:09:50,200 --> 00:09:53,360 Speaker 6: you sell something or buy something, there's another one point 158 00:09:53,440 --> 00:09:56,600 Speaker 6: five percent, and so that goes on forever and ever, 159 00:09:56,679 --> 00:09:59,360 Speaker 6: and that's how the banks make the money. But going 160 00:09:59,400 --> 00:10:04,880 Speaker 6: back to and ignorant population and also people are stupid. 161 00:10:04,920 --> 00:10:08,760 Speaker 6: You had Kamala and the Kamala type voters thinking that 162 00:10:09,160 --> 00:10:11,760 Speaker 6: the recent things are out of control with inflation is 163 00:10:11,880 --> 00:10:15,280 Speaker 6: because of price gauging. As she said, price gauging, not 164 00:10:15,400 --> 00:10:19,880 Speaker 6: price gouging. And people don't seem to understand that it's 165 00:10:20,280 --> 00:10:25,640 Speaker 6: the degradation of the currency. So it cost one thousand 166 00:10:25,640 --> 00:10:27,760 Speaker 6: dollars to buy an ounce of gold, now it's four 167 00:10:28,280 --> 00:10:31,240 Speaker 6: one hundred dollars to buy the same thing. That's not 168 00:10:31,440 --> 00:10:35,120 Speaker 6: a raised price. That is a decrease in the value 169 00:10:35,160 --> 00:10:37,880 Speaker 6: of the money. And I think that is what the 170 00:10:37,960 --> 00:10:41,520 Speaker 6: goal is. And Buquelea, who's the president of al Salvador. 171 00:10:41,640 --> 00:10:44,160 Speaker 6: You know, I went there last year. He says, if 172 00:10:44,200 --> 00:10:48,520 Speaker 6: your government prints money, why do you pay taxes? We 173 00:10:48,640 --> 00:10:51,440 Speaker 6: never created the problems of two thousand and eight, and 174 00:10:51,480 --> 00:10:54,760 Speaker 6: I'm sure a lot of people have a very bad 175 00:10:54,800 --> 00:10:58,680 Speaker 6: feeling about things because things are out of control. And 176 00:10:58,760 --> 00:11:02,080 Speaker 6: I believe that's intentional. You said a house is four 177 00:11:02,120 --> 00:11:06,280 Speaker 6: hundred and fifteen thousand dollars. People coming out of college. 178 00:11:06,320 --> 00:11:08,520 Speaker 6: How is it that they can have a college degree 179 00:11:08,800 --> 00:11:11,360 Speaker 6: and work hard and do well and they can't even 180 00:11:11,400 --> 00:11:15,840 Speaker 6: afford a car or an apartment. That's intentional? And how 181 00:11:15,960 --> 00:11:18,960 Speaker 6: is the other way that that happened. You open the borders, 182 00:11:19,320 --> 00:11:22,760 Speaker 6: You let twenty million illegals in apartment that rented for 183 00:11:22,840 --> 00:11:26,000 Speaker 6: seven hundred and fifty. Now here come the illegals with bouchers, 184 00:11:26,000 --> 00:11:29,480 Speaker 6: and suddenly it's twelve fifty or fifteen hundred or two thousand, 185 00:11:30,040 --> 00:11:33,440 Speaker 6: and so the regular taxpayers can't afford anything. Do you 186 00:11:33,480 --> 00:11:37,360 Speaker 6: see illegals homeless on the street. No, you see Americans 187 00:11:37,480 --> 00:11:39,880 Speaker 6: homeless on the street. And I think that is an 188 00:11:40,000 --> 00:11:43,479 Speaker 6: absolute disgrace, and I think it's intentional. 189 00:11:43,480 --> 00:11:45,160 Speaker 1: I think you hit the nail right on the Headkim. 190 00:11:45,720 --> 00:11:47,520 Speaker 1: And look, this is the only thing I could add. 191 00:11:47,520 --> 00:11:50,120 Speaker 1: It's a master class. What you've just now delivered is 192 00:11:50,160 --> 00:11:55,160 Speaker 1: a master class. Look to everybody listening, this is so important. 193 00:11:55,960 --> 00:12:01,240 Speaker 1: The reason why you don't want death and deficits, in 194 00:12:01,280 --> 00:12:04,760 Speaker 1: other words, too much government spending is because it leads 195 00:12:04,840 --> 00:12:08,319 Speaker 1: exactly to what Kim says and what Bukeley, the president 196 00:12:08,320 --> 00:12:10,920 Speaker 1: of El Salvador, is pointing out. The only way to 197 00:12:10,960 --> 00:12:15,560 Speaker 1: pay for it is either through higher taxes or through borrowing. 198 00:12:15,600 --> 00:12:17,160 Speaker 1: And how do you borrow. You have to borrow by 199 00:12:17,160 --> 00:12:21,440 Speaker 1: printing money. And what happens when you print money automatically 200 00:12:21,480 --> 00:12:26,480 Speaker 1: it leads to higher inflation. So you're paying more for 201 00:12:26,600 --> 00:12:29,520 Speaker 1: the same cup of coffee, the same bottle of coke, 202 00:12:29,679 --> 00:12:33,360 Speaker 1: the same bag of chips, the same cheeseburger, the same pizza, 203 00:12:33,720 --> 00:12:39,080 Speaker 1: the same apartment, the same whatever, the same car. That's 204 00:12:39,200 --> 00:12:43,920 Speaker 1: what inflation does. That's why you never allow the kind 205 00:12:43,920 --> 00:12:48,800 Speaker 1: of insane spending that we saw, for example, under Biden, 206 00:12:49,600 --> 00:12:54,079 Speaker 1: because it automatically leads to more money printing. And that's 207 00:12:54,080 --> 00:12:58,120 Speaker 1: where the Federal Reserve comes in. And it's diabolical. It's evil, 208 00:12:58,720 --> 00:13:01,760 Speaker 1: the Federal Reserve. It's evil, it's purely it's one of 209 00:13:01,760 --> 00:13:07,280 Speaker 1: the most evil, destructive institutions ever developed. Because that's what's 210 00:13:07,520 --> 00:13:10,400 Speaker 1: that's the key institutions is just keep printing money. That's 211 00:13:10,400 --> 00:13:14,600 Speaker 1: why the banks love the FED. That they love the FED. 212 00:13:14,880 --> 00:13:20,240 Speaker 1: The globalists love the FED. The donor class, the wealthy 213 00:13:20,400 --> 00:13:26,760 Speaker 1: financial class, they love the FED because that's print more money, 214 00:13:26,920 --> 00:13:31,199 Speaker 1: print more money, print more money, print more money. And 215 00:13:31,240 --> 00:13:34,840 Speaker 1: so you're right, the elites, led by the banks, make 216 00:13:35,080 --> 00:13:38,920 Speaker 1: money hand over fist on everything. But who gets poorer. 217 00:13:39,080 --> 00:13:43,680 Speaker 1: We do, and we're dead slaves because now you're just 218 00:13:43,720 --> 00:13:47,360 Speaker 1: perpetually in debt. Look, let's just be honest. I hate 219 00:13:47,360 --> 00:13:50,480 Speaker 1: to say this, but let's be honest. If you look 220 00:13:50,520 --> 00:13:53,760 Speaker 1: at the mortgages that we're holding, if you look at 221 00:13:53,760 --> 00:13:57,120 Speaker 1: what we owe on our cars, if you look at 222 00:13:57,160 --> 00:14:01,800 Speaker 1: everything that I mean, we're our credit card cards. Forget 223 00:14:01,880 --> 00:14:04,120 Speaker 1: the fact that we're the most indebted nation in the 224 00:14:04,160 --> 00:14:09,240 Speaker 1: history of the world. Personally Americans, we're swimming in debt. 225 00:14:10,360 --> 00:14:12,040 Speaker 1: I mean, I'm not saying every single one of us, 226 00:14:12,040 --> 00:14:16,280 Speaker 1: but most of us we're swimming in debt. Well, if 227 00:14:16,320 --> 00:14:19,720 Speaker 1: you're in debt, you're not the master of your own destiny. 228 00:14:20,480 --> 00:14:24,800 Speaker 1: You're right, you're basically a slave. So we're a slave 229 00:14:25,040 --> 00:14:27,640 Speaker 1: to make the payments on our debt, and then we're 230 00:14:27,760 --> 00:14:31,960 Speaker 1: enslaved to keep paying more and more taxes as inflation 231 00:14:32,160 --> 00:14:34,560 Speaker 1: keeps going up and up, meaning the cost of everything, 232 00:14:34,800 --> 00:14:38,200 Speaker 1: so we're just paying more in prices. Well, now you 233 00:14:38,280 --> 00:14:41,120 Speaker 1: know why there's no middle class or we're feeling squeezed. 234 00:14:42,320 --> 00:14:44,600 Speaker 1: Now you know why we're feeling it from every angle. 235 00:14:45,600 --> 00:14:47,840 Speaker 1: Now you know why you ask yourself, how come I 236 00:14:47,880 --> 00:14:50,800 Speaker 1: feel so much worse off than say, fifteen or twenty 237 00:14:50,880 --> 00:14:55,440 Speaker 1: or twenty five years ago, Because this is why. So 238 00:14:56,040 --> 00:15:01,040 Speaker 1: that's why you never want run away irrespond constable spending, 239 00:15:01,920 --> 00:15:05,280 Speaker 1: because in the end, it's not the government that pays 240 00:15:05,320 --> 00:15:09,119 Speaker 1: for it, it's you, it's me, it's the ordinary taxpayer. 241 00:15:11,360 --> 00:15:17,800 Speaker 1: I want to ask you something, Kim. Are you still there, Kim, 242 00:15:18,480 --> 00:15:21,440 Speaker 1: I'm here, Okay, go ahead, all right, Kim. I want 243 00:15:21,440 --> 00:15:24,000 Speaker 1: to read to you. These are two messages I got 244 00:15:24,120 --> 00:15:27,040 Speaker 1: from Larry, and I want to read them to you, 245 00:15:27,080 --> 00:15:29,800 Speaker 1: and I want to get your reaction. This is what 246 00:15:29,920 --> 00:15:32,400 Speaker 1: Larry wrote, and I think he spot on on both, 247 00:15:32,440 --> 00:15:35,520 Speaker 1: but I'd like to get your take, he says, Jeff, 248 00:15:36,360 --> 00:15:40,480 Speaker 1: this reminds me of a football team that's firing on 249 00:15:40,680 --> 00:15:44,720 Speaker 1: all cylinders. In the first half, we're up two scores 250 00:15:45,320 --> 00:15:48,560 Speaker 1: and then we decide to drop that game plan and 251 00:15:48,680 --> 00:15:53,400 Speaker 1: blow the game in the second half. Trump had the 252 00:15:53,480 --> 00:15:59,200 Speaker 1: formula in his first term and we were thriving. Stick 253 00:15:59,640 --> 00:16:05,600 Speaker 1: to what works. In other words, Larry is saying he 254 00:16:05,720 --> 00:16:10,440 Speaker 1: thinks that Trump's economic policy was better in his first 255 00:16:10,520 --> 00:16:14,000 Speaker 1: term than in his second term. And then he says this, 256 00:16:15,240 --> 00:16:22,960 Speaker 1: Jeff broken leg. Government regulations and artificially inflated interest rates 257 00:16:23,600 --> 00:16:27,640 Speaker 1: have made it near impossible to buy, especially a home, 258 00:16:28,480 --> 00:16:31,880 Speaker 1: and they're telling us more government regulation is needed to 259 00:16:31,920 --> 00:16:38,040 Speaker 1: fix it. No, thanks, Kim, I'm just curious. You talked 260 00:16:38,040 --> 00:16:40,360 Speaker 1: about the big tax cuts in the Trump in the 261 00:16:40,400 --> 00:16:44,880 Speaker 1: first term, more money in our pocket. Interest rates were 262 00:16:44,960 --> 00:16:48,440 Speaker 1: much lower when Trump was in his first term. It's 263 00:16:48,440 --> 00:16:51,200 Speaker 1: not his fault, Jerome Powell, Biden. They had to raise 264 00:16:51,200 --> 00:16:54,240 Speaker 1: the rates. But what I'm saying is it seemed like 265 00:16:54,360 --> 00:16:59,920 Speaker 1: Trump had more of a focus on improving the work 266 00:17:00,120 --> 00:17:04,200 Speaker 1: king middle class and making the cost of living lower 267 00:17:04,920 --> 00:17:08,679 Speaker 1: than he is in this term. Am I wrong? Is 268 00:17:08,720 --> 00:17:12,600 Speaker 1: that just a perception? What say you? And is Larry 269 00:17:12,680 --> 00:17:16,280 Speaker 1: right that if you look at housing, you take away 270 00:17:16,320 --> 00:17:21,159 Speaker 1: government regulations and artificially high interest rates and the housing 271 00:17:21,240 --> 00:17:23,800 Speaker 1: market will go like gangbusters. What say you. 272 00:17:25,400 --> 00:17:29,760 Speaker 6: With Larry's points one hundred percent, Trump is really different 273 00:17:29,840 --> 00:17:34,360 Speaker 6: this time. It's like he's a different person. I felt 274 00:17:34,880 --> 00:17:38,360 Speaker 6: that he was the first politician who represented me as 275 00:17:38,359 --> 00:17:41,840 Speaker 6: a taxpayer. I do not feel that now. I feel 276 00:17:42,080 --> 00:17:46,640 Speaker 6: with all this foreign getting six hundred thousand Chinese and 277 00:17:46,680 --> 00:17:49,880 Speaker 6: doing this and that, and nothing is helping us here 278 00:17:50,000 --> 00:17:54,639 Speaker 6: at home. And again going back to the property taxes, 279 00:17:55,000 --> 00:17:59,080 Speaker 6: you look at the millage rate and they can. 280 00:18:00,320 --> 00:18:02,359 Speaker 1: Oh, no, you're right, No, yeah, I'm sorry, were up 281 00:18:02,359 --> 00:18:05,280 Speaker 1: against it, but no, you're right. They just bang they 282 00:18:05,280 --> 00:18:07,920 Speaker 1: can just the way they just can artificially, just keep 283 00:18:08,000 --> 00:18:11,840 Speaker 1: raising your property taxes. I mean they're choking us, they 284 00:18:11,840 --> 00:18:16,479 Speaker 1: really are. Jeff Kooner Boston's bulldozer six one seven two 285 00:18:16,640 --> 00:18:20,600 Speaker 1: six sex sixty eight sixty eight is the number. Okay, 286 00:18:20,720 --> 00:18:23,720 Speaker 1: let me ask all of you double barreled question. What 287 00:18:23,840 --> 00:18:27,320 Speaker 1: do you make now of Trump's proposal for a fifty 288 00:18:27,640 --> 00:18:32,119 Speaker 1: year mortgage, especially for first time home buyers. Is it 289 00:18:32,160 --> 00:18:34,240 Speaker 1: a good idea? Do you like it? Do you not 290 00:18:34,440 --> 00:18:38,840 Speaker 1: like it? And let me ask you would you take 291 00:18:38,920 --> 00:18:44,600 Speaker 1: on a fifty year mortgage? And do you feel like 292 00:18:44,680 --> 00:18:49,560 Speaker 1: the American dream of owning a home is now slowly 293 00:18:49,720 --> 00:18:55,679 Speaker 1: slipping away? Is it now just becoming too expensive to 294 00:18:55,920 --> 00:19:00,600 Speaker 1: buy a home? Six one seven two six six sixty 295 00:19:00,640 --> 00:19:06,679 Speaker 1: eight sixty eight lines are loaded. Victor in Georgetown. Thanks 296 00:19:06,720 --> 00:19:09,000 Speaker 1: for holding Victor, and welcome. 297 00:19:11,119 --> 00:19:14,639 Speaker 4: Cooner Man. Always a pleasure. Or go ahead, my friend, 298 00:19:15,600 --> 00:19:16,720 Speaker 4: I'm right here. Can you hear me? 299 00:19:16,760 --> 00:19:18,000 Speaker 8: Okay, yep, you're on. 300 00:19:18,119 --> 00:19:20,000 Speaker 3: Go ahead, buddy, Okay. 301 00:19:20,400 --> 00:19:23,560 Speaker 4: I'm closed over six hundred million dollars in real estate 302 00:19:23,640 --> 00:19:28,280 Speaker 4: deals over six decades, so what I might have to 303 00:19:28,320 --> 00:19:31,359 Speaker 4: say might have a little more weight than what the 304 00:19:31,400 --> 00:19:33,879 Speaker 4: mill rate is on your real estate, which is a 305 00:19:33,920 --> 00:19:39,400 Speaker 4: local item. But anyway, I'm not against the fifty year mortgage. 306 00:19:39,440 --> 00:19:41,920 Speaker 4: I'm not in favor of it. And as far as 307 00:19:41,960 --> 00:19:45,639 Speaker 4: first time home buyers, if the interest rate goes down 308 00:19:46,160 --> 00:19:50,359 Speaker 4: and if the fifty year mortgage comes in to play, 309 00:19:51,760 --> 00:19:55,760 Speaker 4: real estate values are going up, not down. It's going 310 00:19:55,840 --> 00:20:00,480 Speaker 4: to be instematically. When you have more competition for a 311 00:20:00,640 --> 00:20:06,200 Speaker 4: very limited sub your rate, I mean your car is 312 00:20:06,280 --> 00:20:09,439 Speaker 4: going up. So as an example, if you needed a 313 00:20:09,480 --> 00:20:12,760 Speaker 4: car and there's only one car, but they lowered the 314 00:20:12,800 --> 00:20:15,679 Speaker 4: interest rates overnight, and now there's fifty people on the 315 00:20:15,680 --> 00:20:18,520 Speaker 4: car lot looking to buy that car, are they going 316 00:20:18,600 --> 00:20:20,240 Speaker 4: to give it away or are they going to charge 317 00:20:20,280 --> 00:20:24,200 Speaker 4: premium pricing. So that's what the fifty year loan does. 318 00:20:24,280 --> 00:20:26,680 Speaker 4: And by the way, let me just comment on that, 319 00:20:27,080 --> 00:20:30,160 Speaker 4: if you're lucky enough to be alive fifty years from now, 320 00:20:30,440 --> 00:20:32,720 Speaker 4: are you going to be paying to live somewhere? Of 321 00:20:32,840 --> 00:20:35,640 Speaker 4: course you are. The fact that it's a fifty year 322 00:20:35,760 --> 00:20:39,800 Speaker 4: mortgage does not mean anything as far as the duration 323 00:20:40,080 --> 00:20:44,000 Speaker 4: you're going to be paying either rate or a mortgage 324 00:20:44,080 --> 00:20:47,120 Speaker 4: if you're in the freaking house. I mean, people get 325 00:20:47,160 --> 00:20:49,639 Speaker 4: hung up on that, Oh it's fifty years. Well, you 326 00:20:49,680 --> 00:20:52,520 Speaker 4: know what, people take out a thirty year loan. They 327 00:20:52,520 --> 00:20:56,320 Speaker 4: stay there less than fifteen years, and then they move 328 00:20:56,400 --> 00:20:58,679 Speaker 4: on and they and they take, you know, take on 329 00:20:58,720 --> 00:21:03,160 Speaker 4: the next style, the next challenge. But the only hope 330 00:21:03,840 --> 00:21:09,920 Speaker 4: for the person buying a house today is more supply. 331 00:21:10,600 --> 00:21:14,200 Speaker 4: And in some states have passed a law that says 332 00:21:14,240 --> 00:21:17,600 Speaker 4: you can add an additional dwelling unit to your property. 333 00:21:17,960 --> 00:21:21,399 Speaker 4: So like in New Hampshire, if you own a house 334 00:21:21,720 --> 00:21:23,960 Speaker 4: and you want to put a seven hundred or eight 335 00:21:24,040 --> 00:21:28,680 Speaker 4: hundred square foot unit like a mini unit on your property, 336 00:21:28,720 --> 00:21:30,879 Speaker 4: you can do that, maybe for an in law, maybe 337 00:21:30,920 --> 00:21:35,560 Speaker 4: for a newlywed or what have you. You have to increase supply. 338 00:21:36,080 --> 00:21:43,160 Speaker 4: If you don't do that, jet everything is absolutely irrelevant. 339 00:21:43,240 --> 00:21:46,159 Speaker 1: Yeah it's cosmetic. Yeah, I know it's cosmetic. No, I 340 00:21:46,200 --> 00:21:50,720 Speaker 1: hear you, Victor, Let me ask you this. Just let's 341 00:21:50,800 --> 00:21:55,119 Speaker 1: just stick to Massachusetts just for argument's sake. We have 342 00:21:55,240 --> 00:21:59,200 Speaker 1: a crying need for more housing. There's's no question. Now, 343 00:22:00,200 --> 00:22:04,840 Speaker 1: why aren't they building more supply? Just why aren't builders 344 00:22:04,920 --> 00:22:09,639 Speaker 1: going out there building more housing, communities building more homes. 345 00:22:10,119 --> 00:22:13,400 Speaker 1: There's such a demand. Why aren't they doing it? What's 346 00:22:13,440 --> 00:22:17,560 Speaker 1: your theory? 347 00:22:17,600 --> 00:22:21,200 Speaker 4: Specifically Massachusetts, If you look to the east, you got 348 00:22:21,200 --> 00:22:24,960 Speaker 4: an ocean, So you're not building anything out there, all right, 349 00:22:25,040 --> 00:22:31,520 Speaker 4: as far as your regular towns, Nimby, not in my backyard. 350 00:22:31,840 --> 00:22:34,040 Speaker 4: They don't want a big condo complex. We put one 351 00:22:34,080 --> 00:22:39,160 Speaker 4: hundred unit condo complex in Newburyport fifteen eighteen years ago. 352 00:22:39,480 --> 00:22:43,200 Speaker 4: They thought we were the devil, right, because it affects 353 00:22:43,520 --> 00:22:50,120 Speaker 4: their community. So it's local politics. It's state politics if 354 00:22:50,119 --> 00:22:55,120 Speaker 4: you little things like this, like the governor not allowing 355 00:22:55,200 --> 00:22:58,720 Speaker 4: natural gas pipelines coming into the state so that we 356 00:22:58,840 --> 00:23:04,960 Speaker 4: can't supply the buildings with an economical heating supply. We 357 00:23:05,040 --> 00:23:08,399 Speaker 4: have to go to electric heating, which is ludicrous, and 358 00:23:08,600 --> 00:23:10,639 Speaker 4: let me just throw it aside in here. Jeff you 359 00:23:10,760 --> 00:23:13,879 Speaker 4: may you may agree with me, but Pam Bond I 360 00:23:13,960 --> 00:23:17,639 Speaker 4: heard someone take a cheap shot at Pam Bardy this morning. Listen. 361 00:23:17,760 --> 00:23:25,480 Speaker 4: They just arrested Governor hocals staff for being a communist spy. 362 00:23:25,680 --> 00:23:28,240 Speaker 4: It was on Yes last night's news. You may have 363 00:23:28,280 --> 00:23:35,639 Speaker 4: picked it up. So the corruption in government is notorious 364 00:23:35,840 --> 00:23:40,680 Speaker 4: in Massachusetts. There is nothing saying that's going to happen 365 00:23:40,760 --> 00:23:44,439 Speaker 4: in the state until you get competition for the Democrats. 366 00:23:44,520 --> 00:23:48,320 Speaker 1: I agree that's on that your Frankly on most of 367 00:23:48,359 --> 00:23:50,520 Speaker 1: your points, but on that, your victor, you're one thousand 368 00:23:50,560 --> 00:23:54,040 Speaker 1: percent correct. There is so much corruption on Beacon Hill, 369 00:23:54,200 --> 00:23:57,760 Speaker 1: so much corruption in the governor's office, so much corruption 370 00:23:58,000 --> 00:24:02,359 Speaker 1: in the mayor's office. It's disgusting. Until you have a 371 00:24:02,400 --> 00:24:06,119 Speaker 1: competitive two party system, until you end one party rule, 372 00:24:06,680 --> 00:24:11,000 Speaker 1: until we start getting some serious, thoughtful Republicans in positions 373 00:24:11,040 --> 00:24:15,240 Speaker 1: of power, it's just gonna get worse and worse and worse. Look, 374 00:24:15,400 --> 00:24:18,200 Speaker 1: I went I mentioned this on X and I hope 375 00:24:18,200 --> 00:24:20,160 Speaker 1: all of you go in and read it and pass 376 00:24:20,240 --> 00:24:24,520 Speaker 1: it on. People don't know this. Michelle Wu listen to 377 00:24:24,560 --> 00:24:26,679 Speaker 1: this miss It's a bit of a side topic, but 378 00:24:26,720 --> 00:24:30,840 Speaker 1: it goes to corruption. Michelle Wu, the moonbath mayor of Boston, 379 00:24:31,800 --> 00:24:36,280 Speaker 1: now that she won reelection, is gonna give herself a 380 00:24:36,680 --> 00:24:44,080 Speaker 1: forty three thousand dollar rais. Her annual salary listen to 381 00:24:44,119 --> 00:24:49,680 Speaker 1: this is now gonna be two hundred and fifty thousand 382 00:24:49,760 --> 00:24:55,320 Speaker 1: dollars a year a year, two hundred and fifty k. Now, 383 00:24:55,400 --> 00:25:00,320 Speaker 1: remember there's so I mean, she's got a lavish expense out, 384 00:25:00,520 --> 00:25:04,919 Speaker 1: gold plated health plan, dental plan, twenty four to seven, 385 00:25:04,960 --> 00:25:08,920 Speaker 1: around the clock security, she's got a car service, she's 386 00:25:08,920 --> 00:25:11,440 Speaker 1: got I mean, I could go on and on. So 387 00:25:11,600 --> 00:25:13,880 Speaker 1: it's not just a straight twoint fifty and that's it. 388 00:25:14,280 --> 00:25:17,440 Speaker 1: All of these other perks and benefits. But my point is, 389 00:25:17,880 --> 00:25:23,119 Speaker 1: as I said on X objectively, I mean just literally, 390 00:25:23,200 --> 00:25:29,480 Speaker 1: it's there's no disputing this. Under her watch, crime has exploded. 391 00:25:29,720 --> 00:25:33,639 Speaker 1: Violent crime has gone way up. Drug use, open air 392 00:25:33,720 --> 00:25:36,920 Speaker 1: drug markets like you see on mass and casts has 393 00:25:36,960 --> 00:25:41,720 Speaker 1: gone through the roof, Inflation through the roof, cost of 394 00:25:41,800 --> 00:25:46,000 Speaker 1: living through the roof, you go right down. She has 395 00:25:46,160 --> 00:25:51,000 Speaker 1: run this city into the ground. On what planet does 396 00:25:51,040 --> 00:25:54,560 Speaker 1: this woman deserve a race? And I'm not talking three 397 00:25:54,800 --> 00:25:56,760 Speaker 1: you know, let me ask all of you, when have 398 00:25:56,840 --> 00:25:59,120 Speaker 1: you gotten a forty three thousand dollars a year race 399 00:26:00,440 --> 00:26:03,479 Speaker 1: like just boom in one shot, two seven to two fifty. 400 00:26:03,880 --> 00:26:06,160 Speaker 1: When have you gotten the forty three thousand dollars raise? 401 00:26:07,440 --> 00:26:11,880 Speaker 1: I mean, it's it's obscene. So the more incompetent you are, 402 00:26:12,280 --> 00:26:15,680 Speaker 1: the more corrupt you are, the more destructive you are, 403 00:26:15,960 --> 00:26:18,240 Speaker 1: the more money you make in this in this state, 404 00:26:18,680 --> 00:26:23,240 Speaker 1: if you're a hack, it's unbelievable. And by the way, 405 00:26:23,760 --> 00:26:28,640 Speaker 1: she has made Boston unaffordable. I mean, I'm not saying 406 00:26:28,680 --> 00:26:31,800 Speaker 1: it was cheap before, far from it, but a Yai 407 00:26:32,400 --> 00:26:39,040 Speaker 1: sanctuary cities encouraging illegals to pour in her mini green 408 00:26:39,080 --> 00:26:44,280 Speaker 1: new deal. I mean you, she has made housing almost 409 00:26:44,560 --> 00:26:47,280 Speaker 1: She's made it almost impossible to build anything in Boston, 410 00:26:47,920 --> 00:26:52,040 Speaker 1: and she has now literally flooded the city with illegals. 411 00:26:53,200 --> 00:26:56,600 Speaker 1: And by the way, and the Boston City Council, no, no, no, 412 00:26:56,760 --> 00:27:01,320 Speaker 1: not just her, the city council voted themselves in massive 413 00:27:01,359 --> 00:27:06,480 Speaker 1: pay raises. So Victor's you know, as I like to say, 414 00:27:06,520 --> 00:27:11,040 Speaker 1: not one hundred, he's a thousand percent correct, So money 415 00:27:11,080 --> 00:27:15,879 Speaker 1: is changing hands, kickbacks. They're owned and dominated by the 416 00:27:16,000 --> 00:27:20,760 Speaker 1: environmentalists and the green lobby. There's tremendous pressure now not 417 00:27:20,920 --> 00:27:26,359 Speaker 1: to build homes, to force people into low income, big apartments, 418 00:27:26,440 --> 00:27:29,879 Speaker 1: low income housing. They don't want people to own a 419 00:27:29,920 --> 00:27:32,879 Speaker 1: home because it's bad for the environment, it's bad for 420 00:27:32,920 --> 00:27:35,680 Speaker 1: the climate change, it's too big of a footprint. I'm 421 00:27:35,680 --> 00:27:38,959 Speaker 1: not kidding. So what they want is they want fifteen 422 00:27:39,040 --> 00:27:42,760 Speaker 1: minute cities like in the Third World, where everybody is 423 00:27:42,840 --> 00:27:48,760 Speaker 1: stacked and packed into these high rise, low income apartments. 424 00:27:50,119 --> 00:27:52,040 Speaker 1: But not for them, I mean, not for the you know, 425 00:27:52,119 --> 00:27:54,719 Speaker 1: not for the ruling not for the party, not for 426 00:27:54,760 --> 00:27:57,439 Speaker 1: the ruling class. No, no, no, no, they get to keep 427 00:27:57,520 --> 00:28:00,760 Speaker 1: their mansions in datchas. But that's what are the peasants 428 00:28:00,760 --> 00:28:04,560 Speaker 1: for you and me? So that there it is in 429 00:28:04,600 --> 00:28:08,600 Speaker 1: a nutshell. Six one seven two six six sixty eight 430 00:28:08,760 --> 00:28:14,080 Speaker 1: sixty eight. Tom in Hudson, thanks for holding Tom, and welcome. 431 00:28:16,359 --> 00:28:21,400 Speaker 2: I have a suggestion when people take out mortgages, if 432 00:28:21,440 --> 00:28:25,200 Speaker 2: they can pay at a rate like if they pay 433 00:28:25,200 --> 00:28:29,080 Speaker 2: a thousand dollars a month, if they pay two hundred 434 00:28:29,080 --> 00:28:32,240 Speaker 2: and fifty dollars per week, they will cut down near 435 00:28:34,240 --> 00:28:37,399 Speaker 2: length of their mortgage. And to answer your question, what 436 00:28:37,600 --> 00:28:40,080 Speaker 2: I take out a fifty year mortgage. The answer is 437 00:28:40,120 --> 00:28:44,920 Speaker 2: no because of the fact is if I reduce my 438 00:28:45,080 --> 00:28:49,000 Speaker 2: monthly payments, then I'll have money to spend on something else. 439 00:28:49,360 --> 00:28:52,000 Speaker 2: But I might buy something that I really don't need, 440 00:28:52,320 --> 00:28:55,200 Speaker 2: but it's something I would like. Like, set of buying 441 00:28:55,280 --> 00:28:58,320 Speaker 2: a Ford Pinto, I would buy a Cadillac, I mean, 442 00:28:59,400 --> 00:29:02,160 Speaker 2: or a Link. So I would not do that. 443 00:29:03,480 --> 00:29:05,840 Speaker 1: Tom, can you just hang on. I'm going to come 444 00:29:05,920 --> 00:29:08,040 Speaker 1: right back to you because you're making a very good point. 445 00:29:09,320 --> 00:29:11,959 Speaker 1: But as you know, eight o'clock Friday, you know what 446 00:29:12,000 --> 00:29:17,880 Speaker 1: that means, Cooner's Call Log, Caller of the Week. 447 00:29:22,440 --> 00:29:26,720 Speaker 9: It's time for Cooner's call Log, where we showcase our 448 00:29:26,920 --> 00:29:28,640 Speaker 9: favorite color from the week. 449 00:29:28,840 --> 00:29:32,120 Speaker 1: I can hear you? Can you hear me? Thanks for 450 00:29:32,200 --> 00:29:32,960 Speaker 1: holding Jack. 451 00:29:33,560 --> 00:29:38,000 Speaker 5: I think there should be some accountability, definitely for the media. 452 00:29:38,320 --> 00:29:41,320 Speaker 5: Just as an example of something, I tried to reach 453 00:29:41,400 --> 00:29:46,240 Speaker 5: out to some source to get some truth, some unbiased news. 454 00:29:46,680 --> 00:29:47,840 Speaker 4: So I reached out. 455 00:29:47,680 --> 00:29:51,240 Speaker 3: To Sam and I thought they would be really good. 456 00:29:51,280 --> 00:29:53,880 Speaker 5: But I just removed them from my phone last night 457 00:29:54,000 --> 00:29:57,000 Speaker 5: because it appears that each and every story that has 458 00:29:57,040 --> 00:29:59,760 Speaker 5: anything to do with Trump, they're snaring them and it's 459 00:29:59,800 --> 00:30:01,840 Speaker 5: so frustrating to me and I'm going to say this, 460 00:30:02,200 --> 00:30:05,960 Speaker 5: the journalist of today could definitely take a lesson from 461 00:30:06,400 --> 00:30:10,000 Speaker 5: Walter Cronkite and Huntley Brinkley. 462 00:30:10,240 --> 00:30:12,479 Speaker 4: Those are the journalists that I grew up with. 463 00:30:12,680 --> 00:30:14,400 Speaker 1: I could be wrong, but it seems as. 464 00:30:14,320 --> 00:30:17,440 Speaker 5: Though they just put the news out there and they didn't, 465 00:30:17,720 --> 00:30:18,360 Speaker 5: you know, smear. 466 00:30:18,440 --> 00:30:19,120 Speaker 4: There was no. 467 00:30:19,280 --> 00:30:23,240 Speaker 5: Dishonesty, there was no lack of integrity. It was good 468 00:30:23,320 --> 00:30:25,800 Speaker 5: journalism and that's what I'd like to see today. 469 00:30:25,800 --> 00:30:26,920 Speaker 4: But I think there. 470 00:30:26,800 --> 00:30:29,720 Speaker 5: Needs to be accountability because it's just so sad. And 471 00:30:29,760 --> 00:30:31,440 Speaker 5: the one more thing I want to add, I don't 472 00:30:31,440 --> 00:30:35,120 Speaker 5: care what anybody says. I think action speaks louder than words. 473 00:30:35,120 --> 00:30:39,080 Speaker 5: And Donald Trump is a man of integrity, of honor. 474 00:30:39,600 --> 00:30:42,560 Speaker 5: He's a good man, and it's just terrible with the 475 00:30:42,600 --> 00:30:45,560 Speaker 5: mainstream media and the Democrats are doing to try to 476 00:30:45,600 --> 00:31:03,240 Speaker 5: smear this man. 477 00:31:07,520 --> 00:31:10,480 Speaker 9: Be here every weekday on the Cooner Report between six 478 00:31:10,520 --> 00:31:13,560 Speaker 9: and ten am, and next week it could be you 479 00:31:13,880 --> 00:31:15,160 Speaker 9: on Cooner's call log. 480 00:31:15,560 --> 00:31:23,680 Speaker 1: Please don't be a stranger. Call again, audience in the business. Jeff, Jeff, Jeff, 481 00:31:23,760 --> 00:31:26,520 Speaker 1: you say it all the time. It's true. I don't 482 00:31:26,560 --> 00:31:30,360 Speaker 1: know what else to tell you. Okay, congratulations to Jack 483 00:31:30,400 --> 00:31:34,720 Speaker 1: and honestly, again, a big thank you to all our callers. Honestly, 484 00:31:34,800 --> 00:31:37,840 Speaker 1: you make this show. What's really what's so special? Okay, 485 00:31:37,920 --> 00:31:41,720 Speaker 1: let me go back to Tom and Hudson. Tom, you 486 00:31:41,800 --> 00:31:45,320 Speaker 1: made some excellent points. Let me ask you. You tell 487 00:31:45,360 --> 00:31:48,840 Speaker 1: me if you agree or disagree. You know, Victor made 488 00:31:48,880 --> 00:31:51,640 Speaker 1: a very good point the previous caller where he said, Hey, look, 489 00:31:51,720 --> 00:31:54,600 Speaker 1: in fifty years from now, God willing, if you're alive, 490 00:31:55,360 --> 00:31:58,040 Speaker 1: you're gonna have to live somewhere, right either you live 491 00:31:58,040 --> 00:31:59,960 Speaker 1: in an apartment, you live in your own home, whatever 492 00:32:00,200 --> 00:32:03,120 Speaker 1: it may be. So what's the big deal? Take a 493 00:32:03,120 --> 00:32:06,040 Speaker 1: fifty year mortgage and I there's some logic to it, 494 00:32:06,080 --> 00:32:10,480 Speaker 1: there's no question. However, this would be my answer. I 495 00:32:10,520 --> 00:32:15,040 Speaker 1: don't want to keep paying interest through the nose. That 496 00:32:15,160 --> 00:32:17,600 Speaker 1: to me is what I hate about the fifty year mortgage. 497 00:32:18,680 --> 00:32:21,120 Speaker 1: You know, it's not how do I say this, It's 498 00:32:21,160 --> 00:32:25,120 Speaker 1: not because I got a fifty year commitment. You know, Look, 499 00:32:25,320 --> 00:32:27,680 Speaker 1: we took out a thirty year mortgage on our home. Okay, 500 00:32:27,680 --> 00:32:31,920 Speaker 1: it's a thirty year mortgage. Now. What I don't like 501 00:32:31,960 --> 00:32:36,520 Speaker 1: about a fifty year mortgage is that you're looking now 502 00:32:36,760 --> 00:32:40,760 Speaker 1: at three hundred and seventy nine thousand dollars in interest 503 00:32:41,120 --> 00:32:43,560 Speaker 1: on the top of the four point fifteen say, you 504 00:32:43,600 --> 00:32:45,760 Speaker 1: just go with the medium price of a home in America. 505 00:32:46,200 --> 00:32:48,560 Speaker 1: So I'm not just paying four hundred and fifteen thousand, 506 00:32:49,520 --> 00:32:52,080 Speaker 1: I'm basically paying eight hundred thousand dollars for the house 507 00:32:52,720 --> 00:32:55,320 Speaker 1: if you add in the interest. I don't want to 508 00:32:55,360 --> 00:32:59,000 Speaker 1: pay that kind of interest. And so to me, the 509 00:32:59,040 --> 00:33:02,400 Speaker 1: goal of owning a home, I think we're kind of 510 00:33:02,440 --> 00:33:05,440 Speaker 1: forgetting the second part. Yeah, of course you got to 511 00:33:05,480 --> 00:33:07,120 Speaker 1: have a pay you know, a payment. Nobody can help 512 00:33:07,160 --> 00:33:09,440 Speaker 1: you know, people can just pay cash on a house. 513 00:33:10,320 --> 00:33:14,440 Speaker 1: But the goal was pay it down. I mean my parents, 514 00:33:14,440 --> 00:33:18,400 Speaker 1: they said, pay down that house. The quicker the better. Yeah, 515 00:33:18,480 --> 00:33:20,600 Speaker 1: it may have to take a thirty year mortgage because 516 00:33:20,640 --> 00:33:23,240 Speaker 1: you have no choice, but pay it off in twenty 517 00:33:23,320 --> 00:33:26,480 Speaker 1: years or twenty five years or fifteen years or twenty 518 00:33:26,520 --> 00:33:31,240 Speaker 1: two years or whatever. Aggressively pay down the mortgage because 519 00:33:31,280 --> 00:33:35,040 Speaker 1: you want to live debt free. That's the point. You 520 00:33:35,080 --> 00:33:38,280 Speaker 1: want to live in a house, it's yours. The bank 521 00:33:38,320 --> 00:33:41,560 Speaker 1: doesn't own it, You own it. It's the same thing 522 00:33:41,560 --> 00:33:43,120 Speaker 1: with the car. And I'm gonna go I'm gonna come 523 00:33:43,200 --> 00:33:45,880 Speaker 1: right back to you, Tom, People now are taking ten 524 00:33:45,920 --> 00:33:49,800 Speaker 1: year loans on cars. You know, I have a you know, 525 00:33:49,800 --> 00:33:53,120 Speaker 1: a loan on my car. It's a five year loan. Now, 526 00:33:53,600 --> 00:33:55,440 Speaker 1: you know, my car, I think will still be around 527 00:33:55,440 --> 00:33:58,240 Speaker 1: in five years. It'll still work, it'll still have some value. 528 00:33:58,720 --> 00:34:00,680 Speaker 1: You're looking at a ten year long Let me tell 529 00:34:00,720 --> 00:34:04,160 Speaker 1: you what happens. A you're paying a lot more in 530 00:34:04,280 --> 00:34:08,040 Speaker 1: interest over ten years. So instead of paying it off 531 00:34:08,040 --> 00:34:11,200 Speaker 1: in five, you're paying it off in ten and that's 532 00:34:11,239 --> 00:34:13,840 Speaker 1: five more years of payments with a lot more interest. 533 00:34:14,320 --> 00:34:16,399 Speaker 1: So in the end, the car has cost you much 534 00:34:16,440 --> 00:34:20,200 Speaker 1: more than what you initially bought it for. And often 535 00:34:20,280 --> 00:34:24,520 Speaker 1: now most cars don't last. They start breaking down in 536 00:34:24,560 --> 00:34:27,640 Speaker 1: your eighth year, ninth year. So what you're starting to 537 00:34:27,680 --> 00:34:32,160 Speaker 1: see happen is literally people are paying for cars they 538 00:34:32,200 --> 00:34:37,760 Speaker 1: can't use anymore, they don't work anymore, but they're still 539 00:34:37,760 --> 00:34:40,960 Speaker 1: on the hook for the loan because they got a year, 540 00:34:41,360 --> 00:34:44,360 Speaker 1: a ten year loan on a car. So to me, 541 00:34:45,080 --> 00:34:48,480 Speaker 1: the goal in life has always been to be debt 542 00:34:48,480 --> 00:34:53,480 Speaker 1: free debt. If you don't have debt, you're liberated. You're free, 543 00:34:54,360 --> 00:34:57,919 Speaker 1: pay down your home as quickly as possible, pay down 544 00:34:57,960 --> 00:35:01,040 Speaker 1: your car as quickly as possible. I got a five 545 00:35:01,120 --> 00:35:04,120 Speaker 1: year loan. I'm trying to get it paid in three years, 546 00:35:05,680 --> 00:35:09,080 Speaker 1: so I'm accelerating the payments on it now. Sometimes I 547 00:35:09,120 --> 00:35:11,440 Speaker 1: can't because of the kids, and I got to pay, 548 00:35:11,520 --> 00:35:15,359 Speaker 1: you know, for extras. But the sooner the better. I 549 00:35:15,440 --> 00:35:19,360 Speaker 1: don't like debt to me. The problem is we're becoming 550 00:35:19,480 --> 00:35:25,680 Speaker 1: too addicted, whether it's housing debt, card debt, credit card debt. Tom, 551 00:35:25,760 --> 00:35:29,000 Speaker 1: am I wrong? Are we becoming a nation of debtors? 552 00:35:29,200 --> 00:35:30,600 Speaker 1: I'm just curious? What say you? 553 00:35:32,000 --> 00:35:32,360 Speaker 8: Thank you? 554 00:35:32,280 --> 00:35:34,919 Speaker 2: You just suggested. I paid off my house as quick 555 00:35:34,960 --> 00:35:37,400 Speaker 2: as I could, and then I kept up the payments. 556 00:35:37,440 --> 00:35:38,880 Speaker 2: And what I did was is I put them in 557 00:35:38,920 --> 00:35:41,120 Speaker 2: a separate account. And then when I went out and 558 00:35:41,120 --> 00:35:45,200 Speaker 2: bought my next car, my loan payments were half because 559 00:35:45,200 --> 00:35:47,600 Speaker 2: I made a good down payment on the car. And 560 00:35:47,640 --> 00:35:50,280 Speaker 2: then when after I paid that off, I continued making 561 00:35:50,280 --> 00:35:52,960 Speaker 2: the payments into the bank. And when I bought my 562 00:35:53,000 --> 00:35:57,239 Speaker 2: recent car, I paid cash. So I'm debt free. But 563 00:35:58,360 --> 00:36:00,960 Speaker 2: most people can't do that. But if they're paying one 564 00:36:01,000 --> 00:36:06,160 Speaker 2: thousand dollars a month in mortgage, if they pay two 565 00:36:06,280 --> 00:36:10,080 Speaker 2: hundred and fifty dollars a week, if they getting paid weekly, 566 00:36:10,600 --> 00:36:13,919 Speaker 2: or five hundred dollars every other week. They will cut 567 00:36:13,960 --> 00:36:17,160 Speaker 2: down their interest on the loan, and they will pay 568 00:36:17,160 --> 00:36:21,560 Speaker 2: it off sooner and at the same month, at the 569 00:36:21,640 --> 00:36:23,839 Speaker 2: rate that they I mean, the amount that they're paying every month. 570 00:36:24,600 --> 00:36:26,200 Speaker 2: And that's what I have to say. 571 00:36:28,360 --> 00:36:31,080 Speaker 1: Tom, I got Tom. You're a brother from another mother. 572 00:36:31,160 --> 00:36:33,960 Speaker 1: I'm telling you, well, I listened to him. I'm like, 573 00:36:33,960 --> 00:36:36,960 Speaker 1: I'm just nodding my head up and down. Yeap, yep, yep. No, 574 00:36:37,280 --> 00:36:39,560 Speaker 1: we were, you know, paid down the mortgage even quicker. 575 00:36:39,560 --> 00:36:42,719 Speaker 1: We made more aggressive payments. Oh, I love you, you know. 576 00:36:43,000 --> 00:36:45,319 Speaker 1: Then I kept paying the same payments to pay down 577 00:36:45,320 --> 00:36:48,600 Speaker 1: my car. I'm like, I love you even more now. 578 00:36:49,320 --> 00:36:51,160 Speaker 1: And then I ended up you know, getting you know, 579 00:36:51,239 --> 00:36:54,480 Speaker 1: selling it and whatever. And then when I whatever, getting 580 00:36:54,520 --> 00:36:56,760 Speaker 1: rid of it, but I kept making more and more payments. 581 00:36:56,880 --> 00:36:59,680 Speaker 1: So then eventually I bought the car for cash. So 582 00:37:00,200 --> 00:37:03,400 Speaker 1: the house is you know, paid full and clear, and 583 00:37:03,440 --> 00:37:06,120 Speaker 1: the car is paid full and clear. Oh my god, 584 00:37:06,120 --> 00:37:13,120 Speaker 1: Oh that's for me. That's Nirvanah, I'm serious. Oh, no debt, 585 00:37:13,520 --> 00:37:16,759 Speaker 1: because then everything that you make, I mean, you gotta 586 00:37:16,760 --> 00:37:21,560 Speaker 1: pay taxes obviously, and you have bills, but overall, man, 587 00:37:22,520 --> 00:37:26,560 Speaker 1: you've got financial freedom. You've got independence, you've got mobility, 588 00:37:26,680 --> 00:37:29,120 Speaker 1: you've got income coming in. It goes right in your pocket. 589 00:37:29,760 --> 00:37:33,600 Speaker 1: You can build even more wealth with that. To me, 590 00:37:33,800 --> 00:37:37,160 Speaker 1: it's a debt trap. Avoid debt as much as you can, 591 00:37:37,800 --> 00:37:40,279 Speaker 1: and if you have to take on debt, get out 592 00:37:40,320 --> 00:37:42,960 Speaker 1: of it as quickly as you can. Take it for 593 00:37:43,000 --> 00:37:45,879 Speaker 1: what it's worth. Tom, thank you so much for that call. 594 00:37:46,760 --> 00:37:50,359 Speaker 1: And to me, that's old world wisdom. And we used 595 00:37:50,400 --> 00:37:54,120 Speaker 1: to be like that, you know. I remember. Look, even 596 00:37:54,160 --> 00:37:58,160 Speaker 1: my parents and all of their friends, you know it 597 00:37:58,200 --> 00:38:01,760 Speaker 1: would be, you know, a dishwasher, the idea of putting 598 00:38:01,760 --> 00:38:04,440 Speaker 1: a dishwasher on a credit card. This was like an 599 00:38:04,440 --> 00:38:09,560 Speaker 1: athema to them. No, you say, for the dishwasher, and 600 00:38:09,600 --> 00:38:13,960 Speaker 1: then you buy the dishwasher full price. Sure, you're inconvenience 601 00:38:14,000 --> 00:38:16,239 Speaker 1: for a couple more years, you don't have the dishwasher, 602 00:38:16,800 --> 00:38:20,160 Speaker 1: but then when you buy it it's yours, it's it's 603 00:38:20,200 --> 00:38:23,320 Speaker 1: you own it. But the fact that you buy, you know, 604 00:38:23,400 --> 00:38:25,319 Speaker 1: you don't you know, you buy it, but then you 605 00:38:25,360 --> 00:38:27,640 Speaker 1: put it on this you know, long term payment plant. 606 00:38:28,680 --> 00:38:32,280 Speaker 1: And to me, my parents were like, no, the store 607 00:38:32,360 --> 00:38:35,040 Speaker 1: owns or the bank owns your dishwasher. You don't own 608 00:38:35,080 --> 00:38:39,879 Speaker 1: your dishwasher. Now look full disclosure. We had a dishwasher. 609 00:38:40,000 --> 00:38:43,799 Speaker 1: We put it on a payment plant. But I'm just saying, ideally, 610 00:38:45,560 --> 00:38:48,640 Speaker 1: I'd like to me save and buy if you can 611 00:38:49,040 --> 00:38:53,359 Speaker 1: save and buy. But that's me. Six one seven two 612 00:38:53,440 --> 00:38:57,960 Speaker 1: six six sixty eight sixty eight is the number Tanya 613 00:38:58,200 --> 00:39:01,720 Speaker 1: in Boston. Thanks for and welcome. 614 00:39:03,320 --> 00:39:07,480 Speaker 8: I just I got a couple of comments about the 615 00:39:07,520 --> 00:39:11,200 Speaker 8: mortgages that happened in the early two thousand, two thousand 616 00:39:11,239 --> 00:39:15,879 Speaker 8: and five. I graduated pharmacy school in oh four, and 617 00:39:16,200 --> 00:39:19,200 Speaker 8: when I had to do my taxes, I was single, 618 00:39:19,800 --> 00:39:23,800 Speaker 8: I had nothing to my name, and I got slammed 619 00:39:23,840 --> 00:39:27,960 Speaker 8: on taxes. I owed about thirteen grands, and so. 620 00:39:28,120 --> 00:39:30,080 Speaker 3: Everyone said, get a house, get a house, get a house. 621 00:39:30,480 --> 00:39:33,919 Speaker 8: So I bought a house during that time when those 622 00:39:33,960 --> 00:39:37,480 Speaker 8: loans were going out and I had. 623 00:39:37,400 --> 00:39:39,600 Speaker 3: I bought a house for one thousand dollars good faith. 624 00:39:39,680 --> 00:39:42,120 Speaker 8: So I had two hundred thousand dollars in school loans, 625 00:39:42,520 --> 00:39:44,239 Speaker 8: about one thousand dollars to my name. 626 00:39:44,440 --> 00:39:46,239 Speaker 3: I wrote the check in good faith and I got 627 00:39:46,280 --> 00:39:47,360 Speaker 3: one of those loans. 628 00:39:47,719 --> 00:39:51,959 Speaker 8: Those loans were not meant to be get the loan 629 00:39:52,040 --> 00:39:55,200 Speaker 8: and sit in the loan forever. The fine print of 630 00:39:55,239 --> 00:39:57,759 Speaker 8: those loans, and by the way, they came with points, 631 00:39:58,120 --> 00:40:01,560 Speaker 8: so I called them get my foot in the door loans. 632 00:40:01,719 --> 00:40:03,200 Speaker 3: That's that's really what they were. 633 00:40:03,640 --> 00:40:09,480 Speaker 7: So you get the loan and you you got to 634 00:40:09,560 --> 00:40:11,759 Speaker 7: pay this huge interest. Right, I think back then it 635 00:40:11,800 --> 00:40:13,560 Speaker 7: was like six and a half percent, and it's very 636 00:40:13,600 --> 00:40:15,760 Speaker 7: similar now because I think like right now they're right. 637 00:40:15,600 --> 00:40:16,480 Speaker 3: Around six percent. 638 00:40:17,080 --> 00:40:23,640 Speaker 1: So Tanya, can you please hang on. I know exactly 639 00:40:23,680 --> 00:40:26,279 Speaker 1: where you're going with this, and I want everyone to 640 00:40:26,400 --> 00:40:27,280 Speaker 1: hear your story.