1 00:00:00,040 --> 00:00:01,720 Speaker 1: Let's say good morning now to the host of home 2 00:00:01,800 --> 00:00:05,040 Speaker 1: on KFI. It's our house whisper, Dean Sharp morning. 3 00:00:04,800 --> 00:00:06,080 Speaker 2: Dean morning, Amy. 4 00:00:06,240 --> 00:00:10,080 Speaker 1: Okay, so let's talk about home improvement. And I was 5 00:00:10,200 --> 00:00:13,520 Speaker 1: just saying, the age old question of should I stay 6 00:00:13,800 --> 00:00:16,560 Speaker 1: or should I go seems to be answered because of 7 00:00:17,280 --> 00:00:19,599 Speaker 1: high home prices and high interest rates. 8 00:00:19,800 --> 00:00:24,880 Speaker 2: Yeah, we've definitely moved into an era in which the 9 00:00:25,079 --> 00:00:29,200 Speaker 2: improved versus move question has pretty much been settled. 10 00:00:29,400 --> 00:00:31,040 Speaker 1: Most improve versus move. 11 00:00:31,200 --> 00:00:34,360 Speaker 2: Yeah, improved versus move. That's that's that's you know, there 12 00:00:34,440 --> 00:00:38,919 Speaker 2: are there are two classifications of homeowners in California. Now 13 00:00:38,960 --> 00:00:43,000 Speaker 2: those few, and there are few who are like, you 14 00:00:43,000 --> 00:00:44,640 Speaker 2: know what, we just got to get out of the state. 15 00:00:44,680 --> 00:00:46,839 Speaker 2: They're just deciding to get out of the state, so 16 00:00:46,880 --> 00:00:48,800 Speaker 2: they're moving out of the state. 17 00:00:49,320 --> 00:00:52,400 Speaker 1: For those about fifty thousand people moved out of LA 18 00:00:52,479 --> 00:00:53,280 Speaker 1: County last year. 19 00:00:53,360 --> 00:00:58,080 Speaker 2: Yeah, yeah, a record number. Right. But for those of 20 00:00:58,160 --> 00:01:02,960 Speaker 2: us who are staying, the the vast majority are staying 21 00:01:03,040 --> 00:01:05,440 Speaker 2: in their homes. And you know, there's good. You know, 22 00:01:05,480 --> 00:01:08,080 Speaker 2: we've got all these reasons too. We've got you know, 23 00:01:08,800 --> 00:01:12,720 Speaker 2: home prices, we've got Prop thirteen, we've got your property 24 00:01:12,800 --> 00:01:16,560 Speaker 2: tax being locked in and so on. So by and large, 25 00:01:16,840 --> 00:01:19,880 Speaker 2: folks are in a trend now where they are staying 26 00:01:20,120 --> 00:01:24,720 Speaker 2: and improving, settling in and saying, Okay, this is going 27 00:01:24,800 --> 00:01:28,520 Speaker 2: to be my forever home. Let's make it ours finally, 28 00:01:28,680 --> 00:01:33,440 Speaker 2: And so remodeling and an improvement is up up, up, 29 00:01:33,920 --> 00:01:37,360 Speaker 2: way over new home sales. And so that's kind of 30 00:01:37,360 --> 00:01:40,720 Speaker 2: where things are headed now, and we're facing you know, 31 00:01:40,880 --> 00:01:44,760 Speaker 2: other costs at this point. Even with that, terrifts have 32 00:01:45,080 --> 00:01:48,320 Speaker 2: really started to hit home in terms of material costs 33 00:01:48,360 --> 00:01:51,000 Speaker 2: right now. And so there are increases up in the 34 00:01:51,040 --> 00:01:55,480 Speaker 2: fifteen to twenty percent category of all sorts of certain materials. 35 00:01:55,800 --> 00:01:58,640 Speaker 1: What are some of the materials that are coming in 36 00:01:58,880 --> 00:02:00,960 Speaker 1: from out of the country. 37 00:02:01,200 --> 00:02:04,240 Speaker 2: Well, that's the thing that that it's hard to put 38 00:02:04,280 --> 00:02:07,640 Speaker 2: your finger on as far as like estimating that, because 39 00:02:07,760 --> 00:02:12,280 Speaker 2: we think, okay, we'll wait. Raw materials Strangely enough, you 40 00:02:12,320 --> 00:02:16,360 Speaker 2: know a lot of them come from overseas or a 41 00:02:16,520 --> 00:02:20,919 Speaker 2: component of a complex material like appliance prices are up, 42 00:02:21,000 --> 00:02:24,080 Speaker 2: tile prices are up. A lot of imported tiles, a 43 00:02:24,080 --> 00:02:28,000 Speaker 2: lot of import imported building supplies in which a component 44 00:02:28,160 --> 00:02:32,240 Speaker 2: at least comes from overseas. So not things like lumber. 45 00:02:32,840 --> 00:02:35,600 Speaker 2: That's something that's home grown by and large for US 46 00:02:35,639 --> 00:02:40,040 Speaker 2: in America, but other materials. Surprisingly, probably a third of 47 00:02:40,080 --> 00:02:44,280 Speaker 2: the materials that go into a home have some connection 48 00:02:44,560 --> 00:02:47,720 Speaker 2: with an overseas import. And so there's a good chance 49 00:02:47,760 --> 00:02:51,040 Speaker 2: that you've seen an increase increase in those prices. 50 00:02:51,480 --> 00:02:54,400 Speaker 1: Okay, okay, and so we want to you want to 51 00:02:54,520 --> 00:02:57,120 Speaker 1: do the improve but you don't want to break the bank. 52 00:02:57,160 --> 00:03:01,760 Speaker 1: Are there some like smaller or less expensive or more 53 00:03:01,800 --> 00:03:03,959 Speaker 1: economical projects that you can do. 54 00:03:05,560 --> 00:03:07,840 Speaker 2: Well. A lot of people are choosing to do that. 55 00:03:08,040 --> 00:03:11,799 Speaker 2: But that's the interesting thing about the trend is that 56 00:03:12,320 --> 00:03:15,000 Speaker 2: most people are not opting for what we would call 57 00:03:15,040 --> 00:03:18,080 Speaker 2: a makeover project or just a make do project at 58 00:03:18,120 --> 00:03:20,720 Speaker 2: the time, because they really are thinking, listen, we're not 59 00:03:20,840 --> 00:03:23,480 Speaker 2: moving we're not moving out, we're not going to change. 60 00:03:23,520 --> 00:03:26,000 Speaker 2: So we're gonna bite the bullet. We're actually gonna do 61 00:03:26,600 --> 00:03:29,640 Speaker 2: the big change. And so interesting thing on the market 62 00:03:29,760 --> 00:03:32,440 Speaker 2: right now is that we're not seeing people shying away 63 00:03:32,600 --> 00:03:34,760 Speaker 2: from the big remodel. But there's a lot of head 64 00:03:34,760 --> 00:03:37,680 Speaker 2: scratching out there as to how to get it done. 65 00:03:37,880 --> 00:03:42,000 Speaker 2: And so I've got various pieces of advice that will 66 00:03:42,000 --> 00:03:46,280 Speaker 2: be handing around this weekend. The biggest though overall is 67 00:03:46,320 --> 00:03:50,920 Speaker 2: with cost rising, There's never been a more important time 68 00:03:50,960 --> 00:03:54,920 Speaker 2: to understand something that I preach on the show every week, 69 00:03:54,960 --> 00:03:59,760 Speaker 2: and that is design matters most right now the the 70 00:04:00,480 --> 00:04:06,200 Speaker 2: induction of a designer and design ideas, the best design 71 00:04:06,280 --> 00:04:09,080 Speaker 2: ideas into your projects while while you're trying to figure 72 00:04:09,080 --> 00:04:13,480 Speaker 2: out how to pull your budget together, take the time 73 00:04:13,680 --> 00:04:18,440 Speaker 2: now and bring in some really good creative design ideas. 74 00:04:18,680 --> 00:04:23,640 Speaker 2: It's not that paying a designer is going to necessarily 75 00:04:23,760 --> 00:04:27,040 Speaker 2: lower the budget, but what it will do, it will 76 00:04:27,080 --> 00:04:30,680 Speaker 2: sharpen it, It will focus your plan and make your 77 00:04:30,760 --> 00:04:34,719 Speaker 2: dollar go further. The right design can make all the 78 00:04:34,760 --> 00:04:37,640 Speaker 2: difference when it comes to how far is this dollar 79 00:04:37,680 --> 00:04:40,239 Speaker 2: going to go? And now we're actually going to reach 80 00:04:40,279 --> 00:04:43,480 Speaker 2: our goals, our desired goals with the money that we have. 81 00:04:43,760 --> 00:04:45,760 Speaker 1: I love that. Okay, so Dean's going to be telling 82 00:04:45,800 --> 00:04:49,000 Speaker 1: you all about that this weekend, and plus it's an 83 00:04:49,040 --> 00:04:50,359 Speaker 1: all calls Easter weekend. 84 00:04:50,680 --> 00:04:54,560 Speaker 2: That's right, nothing but nothing but our listener sudden the agenda. 85 00:04:54,880 --> 00:04:57,320 Speaker 1: I love those. I love hearing what some of the 86 00:04:57,440 --> 00:04:59,920 Speaker 1: issues that people are having and how you help them. Well. 87 00:05:00,720 --> 00:05:02,719 Speaker 2: I love talking to people. It's one of my favorite 88 00:05:02,720 --> 00:05:03,840 Speaker 2: parts about doing the show. 89 00:05:03,960 --> 00:05:05,960 Speaker 1: Perfect well. You can listen to Dean Sharp. The show 90 00:05:06,040 --> 00:05:08,320 Speaker 1: is called Home. It's right here on KFI from six 91 00:05:08,360 --> 00:05:11,880 Speaker 1: to eight am tomorrow morning on Saturday, and then from 92 00:05:11,920 --> 00:05:14,560 Speaker 1: nine to noon on Sunday. You can also follow him 93 00:05:14,600 --> 00:05:17,920 Speaker 1: at Home with Dean. Thank you, mister Sharp, Thanks Amy, 94 00:05:17,960 --> 00:05:18,800 Speaker 1: all right, talk to you soon.