WEBVTT - Friday Flight - Rate Hike Repercussions, Thieves Targeting Your Car, & Password Sharing Crackdowns #489 0:00:00.120 --> 0:00:03.080 Welcome to How the Money. I'm Joel and I am Matt. 0:00:03.160 --> 0:00:08.000 Today we're discussing rate hike repercussions, thieves targeting your car, 0:00:08.360 --> 0:00:30.720 and password sharing crackdowns. Well fry, buddy, this is our 0:00:30.760 --> 0:00:33.479 Friday Flight episode. Every Friday, we take a look at 0:00:33.479 --> 0:00:35.400 some of the different headlines we've come across this week, 0:00:35.440 --> 0:00:38.200 and we talked about how they are going to impact 0:00:38.240 --> 0:00:40.440 your money at the important happenings and what it means 0:00:40.440 --> 0:00:42.240 to you. That's right. We've got a bunch of stories 0:00:42.320 --> 0:00:44.200 to get to today, like the ones you mentioned, plus 0:00:44.240 --> 0:00:46.520 a bunch of others. But first me, can you believe 0:00:46.560 --> 0:00:49.159 how long we have been podcasting this episode right here? 0:00:49.200 --> 0:00:53.400 This is episode for what is pretty crazy, right, We're 0:00:53.400 --> 0:00:57.160 getting really dang close episode of five hundred, which is, 0:00:57.240 --> 0:00:59.960 first of all, mind blowing. I can't believe we've record 0:01:00.800 --> 0:01:02.760 that we've put up with each other for that many episodes, 0:01:02.880 --> 0:01:04.400 that our listeners have put up with us that long. 0:01:04.880 --> 0:01:07.119 Thank you listeners for listening to this show. I mean 0:01:07.319 --> 0:01:09.920 quite literally, we would not have a show without our listeners. 0:01:09.920 --> 0:01:11.640 I mean we would we just be speaking into the boys, 0:01:11.640 --> 0:01:14.320 nobody would be listening, and we would probably get tired 0:01:14.360 --> 0:01:16.280 of that after. Let's be honest, we would still be 0:01:16.319 --> 0:01:18.360 interested in the topics that we talk about, but we 0:01:18.360 --> 0:01:20.480 wouldn't I mean, would we actually put out a podcast 0:01:20.480 --> 0:01:24.160 if nobody listening webly recording? That would be craziness, uh 0:01:24.240 --> 0:01:26.480 lunacy if we were to do that with nobody listening. 0:01:26.600 --> 0:01:31.240 But we are going to celebrate that five episode. Uh. 0:01:31.280 --> 0:01:34.399 And to what we're just saying, we do want to 0:01:34.440 --> 0:01:36.000 sort of turn the tables a little bit, and we 0:01:36.040 --> 0:01:38.920 specifically want to hear from our listeners. We want to 0:01:38.959 --> 0:01:41.480 hear some of the different money tips and tricks that 0:01:41.600 --> 0:01:44.080 you have been able to implement into your life. We 0:01:44.120 --> 0:01:45.760 want to hear them. We want you to record a 0:01:45.800 --> 0:01:47.600 voice memo, we want you to send them to us. 0:01:47.720 --> 0:01:49.720 That way we can share them on the show on 0:01:49.760 --> 0:01:52.680 that five episode, just like we do oftentimes with our 0:01:52.720 --> 0:01:55.200 ask kund of Money episodes, but instead of taking questions, 0:01:55.240 --> 0:01:57.160 we want to hear the different ways that you are 0:01:57.200 --> 0:01:59.840 crushing your money goals through the different tips and tricks 0:01:59.840 --> 0:02:01.880 that you have implemented. Yeah, basically, we want to hear 0:02:02.040 --> 0:02:05.640 your best piece of financial advice. The share preferably in 0:02:05.720 --> 0:02:07.120 under a minute. Matt and I'll be able to talk 0:02:07.120 --> 0:02:09.400 about it, but we will share as many of these 0:02:09.760 --> 0:02:12.480 pieces of financial advice they are come from our listeners 0:02:12.520 --> 0:02:15.560 as possible. On episode five hundred and you know, just 0:02:15.560 --> 0:02:17.400 to sweeten the pot a little bit, we're gonna come 0:02:17.480 --> 0:02:20.079 up with some We're we're working on a cool piece 0:02:20.120 --> 0:02:21.760 of how the Money, so we are in the midst 0:02:21.800 --> 0:02:23.480 of it right now. Yeah, that we will send to 0:02:23.639 --> 0:02:25.480 and it's it's gonna be cool that we will send 0:02:25.480 --> 0:02:28.320 to every listener whose piece of financial advice makes it 0:02:28.360 --> 0:02:30.400 onto the show. We'll get your address, will send you 0:02:30.400 --> 0:02:32.440 something cool. Um. But but it's really just a way 0:02:32.480 --> 0:02:34.400 to say, like, you know what we're we'udition out financial 0:02:34.480 --> 0:02:37.760 advice all the time on the show right fived episodes deep, 0:02:38.000 --> 0:02:40.840 but our listeners have so much knowledge to their constantly. 0:02:40.960 --> 0:02:42.959 We are only two dudes, and we do things in 0:02:42.960 --> 0:02:44.640 a certain way. I am sure there are a lot 0:02:44.680 --> 0:02:47.360 of folks out there who probably are thinking, you know, 0:02:47.480 --> 0:02:49.040 I love listening to Matt and Joel, but I don't 0:02:49.040 --> 0:02:51.760 necessarily have an ascount of money question to submit. But 0:02:51.800 --> 0:02:54.200 they might have some killer advice. Yeah, and they've never 0:02:54.240 --> 0:02:56.640 mentioned this before on the show the world. Have they 0:02:56.720 --> 0:02:58.800 left that on the table or and uh, and and 0:02:58.840 --> 0:03:01.520 listeners are always giving rate advice in the how Money 0:03:01.560 --> 0:03:03.320 Facebook group. We just want to hear your voice. Is 0:03:03.360 --> 0:03:05.920 a chance for you to tell everybody out there in 0:03:05.919 --> 0:03:08.080 the how of Money community the great thing that saved 0:03:08.120 --> 0:03:10.239 you money or or helped you as an investor. And 0:03:10.280 --> 0:03:11.720 it's just gonna be fun to kind of share as 0:03:11.720 --> 0:03:14.160 many of those as possible just in a few weeks 0:03:14.160 --> 0:03:17.680 time here on on How the Money episode in that celebration. 0:03:18.080 --> 0:03:21.040 Just um, getting to include listeners in episodes is a 0:03:21.080 --> 0:03:23.520 lot of fun. I'm looking forward to this one. That's right, man. 0:03:23.600 --> 0:03:25.960 And again, it is super easy to record a voice 0:03:25.960 --> 0:03:28.200 memo on your phone and to just email it to us. 0:03:28.200 --> 0:03:31.120 But we will include some brief instructions up on the 0:03:31.160 --> 0:03:34.040 website at how the Money dot com forward slash celebrate. 0:03:34.360 --> 0:03:36.040 Just head over there if you are looking for a 0:03:36.120 --> 0:03:39.360 little more guidance in how to submit those voice memos. 0:03:39.400 --> 0:03:42.000 Can't wait just basically, you know, take that episode off 0:03:42.040 --> 0:03:44.120 and learn from our listeners kind of going to like 0:03:44.120 --> 0:03:46.840 Tom brady semi retirement for a second and let other 0:03:46.880 --> 0:03:49.360 people do the heavy lifting for one episode. Speaking of 0:03:49.400 --> 0:03:52.160 Tom Brady, we are going to get to a story 0:03:52.280 --> 0:03:54.480 that includes him later on during this episode. But let's 0:03:54.480 --> 0:03:56.680 go ahead, man, get to our Friday flight. Let's do it. Okay, 0:03:56.680 --> 0:03:58.960 So the first thing we have to talk about is 0:03:59.200 --> 0:04:03.200 the federal reserves rate hike that happened this week. And um, yeah, 0:04:03.200 --> 0:04:05.400 that happened just a couple of days ago. You're you're 0:04:05.400 --> 0:04:08.320 probably seeing a lot of headlines about it these days 0:04:08.440 --> 0:04:12.360 if you pay attention to the financial public publications. But 0:04:12.560 --> 0:04:14.200 I guess the question that a lot of people have 0:04:14.680 --> 0:04:17.359 um in their brain right now, Matt, after seeing this 0:04:17.480 --> 0:04:20.080 breaking news, is well, what does it mean to me? 0:04:20.240 --> 0:04:22.720 Of course, that's what the Friday flights all about. And um, 0:04:22.839 --> 0:04:25.400 you know, we want to break down these complicated macroeconomic 0:04:25.839 --> 0:04:28.480 issues and then discuss how they pertain to your personal finances. 0:04:28.800 --> 0:04:31.880 And by raising interest rates, the main goal that the 0:04:31.920 --> 0:04:34.440 Fed has here it basically, it's to slow down the 0:04:34.560 --> 0:04:36.920 rate of inflation. That's what we're seeing right, which we're 0:04:36.960 --> 0:04:40.240 all seeing at the grocery store, on car prices, everything. Right, 0:04:40.400 --> 0:04:43.280 It's become a massive problem affecting all of our budgets 0:04:43.520 --> 0:04:46.159 in a real substantial way. And so it's gonna be 0:04:46.200 --> 0:04:49.839 interesting to see how these rate hikes impact the economy. 0:04:49.880 --> 0:04:53.240 Because nothing is certain, right, yeah, exactly. Well, it's important 0:04:53.240 --> 0:04:55.280 to you to mention to like what this federal rate 0:04:55.360 --> 0:04:57.960 hike means. Basically, this is like the overnight lending rate 0:04:58.080 --> 0:05:00.920 that the Fed issues to banks, and so this isn't 0:05:00.920 --> 0:05:03.400 like a rate that you as a consumer, as a borrower, 0:05:03.520 --> 0:05:05.800 that you have access to. It's the rate that the 0:05:05.800 --> 0:05:08.200 Fed pays banks when they deposit their money with the 0:05:08.240 --> 0:05:11.039 Fed overnight basis. But how it does have trickle down effects, 0:05:11.040 --> 0:05:13.200 It certainly does that. Let's talk about a few of 0:05:13.200 --> 0:05:15.400 those trickle down effects, because you know, it's likely that 0:05:15.400 --> 0:05:19.880 we're gonna see, um, this impact people most severely if 0:05:19.920 --> 0:05:22.760 they have variable interest rate debt, so that means credit 0:05:22.760 --> 0:05:25.440 card interest rates are are going to rise, and if 0:05:25.480 --> 0:05:27.599 you've got like a home equity line of credit, that 0:05:27.720 --> 0:05:29.520 rate will also be ticking up the next time your 0:05:29.520 --> 0:05:31.720 bank is allowed to increase it. But you know, it's 0:05:31.800 --> 0:05:34.760 less actually about the tiny quarter percent increase that we're 0:05:34.760 --> 0:05:37.719 seeing in the near term basis points. Yeah, it's it's 0:05:37.720 --> 0:05:40.200 really it's not that much this one hike. It's more 0:05:40.240 --> 0:05:43.320 about the long term additional rate hikes that the Fed 0:05:43.360 --> 0:05:46.359 has announced, like that they're going to be doing, and 0:05:46.440 --> 0:05:48.880 so Yeah, now is actually the perfect time to focus 0:05:48.960 --> 0:05:51.719 on paying down those kinds of debts that you've got 0:05:51.760 --> 0:05:54.520 that that a variable, the variable interest rate debts before 0:05:54.560 --> 0:05:57.440 those rates rise even further. You know, folks often want 0:05:57.440 --> 0:05:59.279 to know, well, does this mean mortgage traits are going 0:05:59.320 --> 0:06:01.440 to go higher? They have been going up in recent months, 0:06:01.480 --> 0:06:03.760 and ebody's paying attention has seen that they're actually the 0:06:03.800 --> 0:06:06.840 highest they've been in three years now. But this rate 0:06:06.920 --> 0:06:10.479 bump doesn't actually mean that that mortgage traits are going 0:06:10.520 --> 0:06:13.039 to take up. Mortgage traits are kind of complex in 0:06:13.040 --> 0:06:15.920 in how they're figured out. But yeah, they might even 0:06:15.920 --> 0:06:18.320 take down over the next days, maybe the next couple 0:06:18.320 --> 0:06:21.080 of weeks. That remains to be seen. But yeah, if 0:06:21.120 --> 0:06:23.280 you have variable interest rate debt, now is the time 0:06:23.440 --> 0:06:25.000 to do something about it. Now is the time to 0:06:25.040 --> 0:06:26.960 start getting rid of it. That's right, man, And to 0:06:27.240 --> 0:06:31.160 sort of preempt another question, no savings interest rates, they 0:06:31.200 --> 0:06:33.840 won't be going up. We've we've touched on this before. 0:06:34.120 --> 0:06:38.480 But the reason that banks pay interest to customers, uh, 0:06:38.720 --> 0:06:40.520 is because they want your money to be on file 0:06:40.600 --> 0:06:42.839 with them. They take that, you know, those deposits, and 0:06:42.839 --> 0:06:44.479 then they can do other things with that money. Whether 0:06:44.480 --> 0:06:47.560 that's lending it out to two borrowers. But because of 0:06:47.600 --> 0:06:50.719 all of the money that we that Americans in general 0:06:50.760 --> 0:06:54.279 are flush with, they don't need any more money. They've 0:06:54.279 --> 0:06:57.279 got all the money that they need are stocked, yes, 0:06:57.320 --> 0:07:00.600 and that's why basically they aren't at the moment at 0:07:00.680 --> 0:07:02.960 least offering higher interest rates, although we might see that 0:07:03.040 --> 0:07:04.839 start to take up a little bit, especially with the 0:07:04.839 --> 0:07:08.000 more competitive online banks. But we should also mention that 0:07:08.160 --> 0:07:11.360 it makes sense for some folks to do a student 0:07:11.400 --> 0:07:14.760 loan refinance these days. We know that you still don't 0:07:14.800 --> 0:07:17.280 have to pay on those loans right now, but those 0:07:17.280 --> 0:07:19.520 payments are set to resume in just over a month, 0:07:19.920 --> 0:07:21.600 and if you can afford to pay on those loans 0:07:21.640 --> 0:07:24.480 and you don't qualify for loan forgiveness, now could be 0:07:24.560 --> 0:07:27.440 the perfect time to refinance while the rates are are 0:07:27.480 --> 0:07:31.040 still near all time lows. But remember refinancing it's not 0:07:31.160 --> 0:07:34.560 for everyone. The federal loans that are out there have 0:07:34.640 --> 0:07:38.800 some additional protections for borrowers, including uh income based repayment. 0:07:39.400 --> 0:07:41.800 Were you to refinance, you would be giving up some 0:07:41.880 --> 0:07:45.280 of those perks, some of those benefits of federal loans. 0:07:45.400 --> 0:07:47.320 But will make sure to link to an article that 0:07:47.480 --> 0:07:49.960 explains all the different things that you need to consider. 0:07:50.200 --> 0:07:52.480 Will link to that article in our show notes as well. Yeah, 0:07:52.520 --> 0:07:55.400 for sure, and and that article hopefully. Yeah, we'll walk 0:07:55.440 --> 0:07:57.840 you through if you're like, I'm not sure if I'm 0:07:57.880 --> 0:08:00.400 the kindniverse who should be doing this for you, find 0:08:00.520 --> 0:08:02.880 it'll help you decide whether or not it's for you. Alright, 0:08:03.200 --> 0:08:06.240 let's talk about streaming for a second match. And over 0:08:06.280 --> 0:08:08.480 the past decade, I would say we've all gotten used 0:08:08.520 --> 0:08:11.680 to the fact that virtually all of the television we 0:08:11.720 --> 0:08:15.320 watch is now delivered via streaming services. Live sports is 0:08:15.360 --> 0:08:19.400 one of the exceptions, although that is moving via Hulu 0:08:19.480 --> 0:08:22.400 Plus Live whatever, Amazon Primes getting Friday night baseball games 0:08:22.480 --> 0:08:24.360 and stuff like that. So really, yeah, you follow the 0:08:24.360 --> 0:08:26.800 baseball more closely than I do. Yeah, but we've seen 0:08:26.840 --> 0:08:29.000 you know, like Thursday night football on Amazon Prime before 0:08:29.040 --> 0:08:30.840 and stuff like that, so we're gonna see more and 0:08:30.880 --> 0:08:33.240 more of that. But but also, yeah, we've gotten used 0:08:33.240 --> 0:08:35.439 to the experience that we no longer have to put 0:08:35.520 --> 0:08:37.760 up with commercials, and I think a lot of us 0:08:37.800 --> 0:08:40.480 have been thrilled with that. Right now that we're we're 0:08:40.520 --> 0:08:44.120 hooked on ad free streaming, though the different providers out 0:08:44.120 --> 0:08:46.160 there there, you know, gently pulling the rug out from 0:08:46.200 --> 0:08:49.320 under us. Commercials are basically on the comeback trail, and 0:08:49.320 --> 0:08:51.720 you can get a discount for opting to watch commercials 0:08:52.200 --> 0:08:55.559 while streaming. It's so Disney plus Is actually has announced 0:08:55.559 --> 0:08:58.600 their planning to offer a discounted plan that includes commercials 0:08:58.760 --> 0:09:00.840 later on this year. You know, you'll say five bucks 0:09:00.840 --> 0:09:03.200 a month right now if you out for commercials on 0:09:03.559 --> 0:09:06.600 HBO max is streaming service. Hulu has been doing this 0:09:06.920 --> 0:09:09.480 for years. That's basically how they started, and then they 0:09:09.480 --> 0:09:12.400 started to allow people to pay extra to opt out 0:09:12.400 --> 0:09:14.760 of commercials. So I guess, um, yeah, my question is 0:09:14.760 --> 0:09:17.559 is it worth it to opt out of commercials? I 0:09:17.600 --> 0:09:20.760 guess it depends right on how much you just like them? Um, 0:09:20.760 --> 0:09:23.080 but yeah, if you don't mind a commercial here and there, 0:09:23.320 --> 0:09:25.240 then it could mean saving a few bucks each month, 0:09:25.559 --> 0:09:27.200 and it really yeah, just kind of coming down to 0:09:27.200 --> 0:09:29.720 the agel question of how much your time is worth. 0:09:29.800 --> 0:09:31.760 I think as long as there are options for folks, 0:09:31.800 --> 0:09:35.000 if all the different you know, streaming services chose to, 0:09:35.520 --> 0:09:38.800 guess what, now, no matter what, you've got to watch commercials, 0:09:39.240 --> 0:09:41.080 that would be a massive mistake, right, Like you've got 0:09:41.160 --> 0:09:43.000 to give people the option. As long as folks have 0:09:43.040 --> 0:09:44.640 a choice, I think a lot of individuals are going 0:09:44.679 --> 0:09:46.680 to be happy with that. You know, I can't imagine 0:09:46.720 --> 0:09:48.440 going back to the time when you're sitting there watching 0:09:48.440 --> 0:09:51.440 a thirty minute episode of Friends or something like that, 0:09:51.480 --> 0:09:53.800 and really there's only like twenty one minutes of actual 0:09:54.200 --> 0:09:56.599 of actual show that you're watching. Two thirds of the 0:09:56.880 --> 0:09:59.600 time was actual show? Con seriously exactly? Yeah, So keep 0:09:59.640 --> 0:10:03.079 that in my uh, Netflix executives and whoever else listens 0:10:03.120 --> 0:10:05.720 to the show. Because on that note, the reason we 0:10:05.720 --> 0:10:08.880 mentioned Netflix is because they're actually getting tired of you 0:10:09.200 --> 0:10:14.600 using your ex boyfriends roommates password to watch Britain uh 0:10:15.160 --> 0:10:18.600 to survive Formula one series, which is fascinating. But we 0:10:18.720 --> 0:10:22.520 mentioned this because Netflix is cracking down on password sharing. Uh. 0:10:22.520 --> 0:10:25.040 This is it's being tested first in some other countries 0:10:25.080 --> 0:10:29.240 where they are basically they're prompting their subscribers to pay 0:10:29.320 --> 0:10:32.360 a few extra dollars like a fee for additional folks 0:10:32.360 --> 0:10:36.920 who stream on your account. The Peruvians and the Chileans, 0:10:37.160 --> 0:10:39.640 they're there, the guinea pigs out there, but the writing 0:10:39.720 --> 0:10:41.839 seems to be on the wall. Uh. If you are 0:10:41.880 --> 0:10:44.960 sharing a Netflix plan with a friend or another even 0:10:45.000 --> 0:10:47.280 another family altogether. I guess there there's a good chance 0:10:47.320 --> 0:10:50.960 that that behavior might cost you more in the future. Yeah, 0:10:50.960 --> 0:10:53.160 And we're just seeing more competition in the streaming space 0:10:53.320 --> 0:10:57.040 in general. We've been living in the golden age of television, 0:10:57.120 --> 0:10:59.760 like literally, yeah exactly, I mean, is there ever gonna 0:10:59.760 --> 0:11:01.600 be a time where there's more good stuff to watch? 0:11:01.800 --> 0:11:04.319 Literally the past decade? Like we have been in this 0:11:04.360 --> 0:11:07.160 period of time when it's it's like all the different 0:11:07.160 --> 0:11:10.000 streaming services have been in an arms race essentially, right, 0:11:10.120 --> 0:11:12.640 trying to grow their subscribers, growing to subscribers, and they're 0:11:12.679 --> 0:11:14.560 increasing the kind of content that they're putting out. But 0:11:14.600 --> 0:11:16.600 now it's getting a little more cutthroat, and they're saying 0:11:16.640 --> 0:11:18.960 they're realizing, oh, in order for us to create the 0:11:19.080 --> 0:11:21.880 you know this amazing content, we gotta we gotta make 0:11:21.920 --> 0:11:24.199 some more money. And how many movies and TV shows 0:11:24.200 --> 0:11:26.840 is Netflix putting out in a giving year. It's astronomical, right, 0:11:26.880 --> 0:11:28.959 Like you you couldn't watch it at all. It's almost 0:11:29.000 --> 0:11:31.719 like YouTube levels of content on Netflix these days. So 0:11:31.880 --> 0:11:35.200 I get it, um, And that's and they're doing that globally, right, 0:11:35.240 --> 0:11:37.680 Like I mean, like there is content being created in 0:11:37.679 --> 0:11:39.600 different countries that we can't even get our hands on it, right, 0:11:40.280 --> 0:11:42.640 all right, So yeah, just remember that and and we'll 0:11:42.880 --> 0:11:46.160 keep you up to speed if that new Netflix practice 0:11:46.360 --> 0:11:49.199 of cracking down and passwords comes to the US. Let's 0:11:49.240 --> 0:11:51.360 talk about housing for a second map, because the housing 0:11:51.360 --> 0:11:55.120 market it's still suffering from a lack of supply. Right. 0:11:55.400 --> 0:11:58.000 Prices are through the roof, which has been frustrating anyone 0:11:58.040 --> 0:12:00.360 who's trying to buy a home. Specifically, I feel bad 0:12:00.400 --> 0:12:03.520 for first time homebuyers. Some of our friends, like their 0:12:03.520 --> 0:12:06.280 house went for almost a hundred and fifty thollars able 0:12:06.280 --> 0:12:10.480 list price. It's crazy town for almost like a starter home. 0:12:10.520 --> 0:12:14.440 It's like it's a three to Yeah, it's mind blowing bonkers. 0:12:14.559 --> 0:12:16.280 So I feel for everybody out there who's trying to 0:12:16.320 --> 0:12:19.120 buy a house because it's really really hard, and you know, 0:12:19.280 --> 0:12:21.200 our price is going to chill out in the near future. 0:12:21.480 --> 0:12:23.600 That's anyone's guess. It depends on a whole lot of things. 0:12:23.920 --> 0:12:26.360 But yeah, if you're out there making offers, just wanted 0:12:26.400 --> 0:12:29.560 to note that personalization can actually be kind of helpful 0:12:29.640 --> 0:12:32.040 when you're making your pitch. Um. The Wall Street Journal 0:12:32.120 --> 0:12:34.840 had an article about how folks are winning in this 0:12:34.880 --> 0:12:38.600 bidding war environment. Some are offering free concert tickets or 0:12:38.800 --> 0:12:42.400 to pay for a vacation for the seller in order 0:12:42.440 --> 0:12:44.640 to stand out someone else, like owned a restaurant, they 0:12:44.640 --> 0:12:46.959 were like, fift off my restaurant for a whole year 0:12:47.640 --> 0:12:49.920 for life. I mean, those are the kind of thing 0:12:49.960 --> 0:12:51.840 lengths that people are going to to try to score 0:12:51.880 --> 0:12:54.800 the home that they want. And I think it's pretty cool, right, 0:12:54.840 --> 0:12:59.040 But I gotta say, honestly, sometimes a personalized letter about 0:12:59.080 --> 0:13:01.800 what you love about the house, about the neighborhood, maybe 0:13:01.800 --> 0:13:04.160 how much it would mean to your family, why you 0:13:04.240 --> 0:13:06.520 want to live there, why you love their house in particular. 0:13:06.760 --> 0:13:09.160 Those kinds of of letters don't cost anything, and they 0:13:09.160 --> 0:13:11.719 can be really persuasive. Like I'm thinking, if I was 0:13:11.720 --> 0:13:13.640 trying to sell my home, that would go a long 0:13:13.679 --> 0:13:15.680 way and I would potentially be willing to take you know, 0:13:15.760 --> 0:13:17.920 the not the highest offer. If you talk in my 0:13:17.920 --> 0:13:19.520 heartstrnks when I read it, you know, if it made 0:13:19.559 --> 0:13:21.920 me happy to this person will be taking over the 0:13:22.000 --> 0:13:23.920 reins living in the house that I loved. So I 0:13:23.960 --> 0:13:25.880 don't know, I always think that's a good tactic. It's 0:13:25.920 --> 0:13:28.320 one worth considering. Those are all important things to keep 0:13:28.360 --> 0:13:30.160 in mind. But you know, one thing that you don't 0:13:30.320 --> 0:13:34.560 want to do to stand out is to wave your inspection. Evidently, 0:13:34.640 --> 0:13:37.560 twenty one percent of folks are actually doing that right now, 0:13:37.559 --> 0:13:41.480 according to real estate website Redfinn. We're not cool with 0:13:41.559 --> 0:13:45.720 that unless you know a lot, a whole lot about houses, 0:13:46.240 --> 0:13:48.240 or if you can bring someone who does to the 0:13:48.240 --> 0:13:51.280 showing with you. Some folks are literally hiring inspectors to 0:13:51.360 --> 0:13:53.120 come tour the homes with them so that they can 0:13:53.160 --> 0:13:56.200 waive the inspection when they make their offer, which is 0:13:56.520 --> 0:13:58.960 pretty brilliant. This is one of the ways to kind 0:13:58.960 --> 0:14:01.040 of secure the deal and make that happened, but without 0:14:01.040 --> 0:14:03.400 putting yourself at a new risk. Exactly like you are 0:14:03.400 --> 0:14:05.280 still covering your bases because I know it can be 0:14:05.360 --> 0:14:09.400 tempting to waive those different contingencies when you've been you know, 0:14:09.440 --> 0:14:11.960 you might maybe even stymied in your home buying attempts, 0:14:12.040 --> 0:14:16.559 but buying a multi hundred thousand dollar lemon or money 0:14:16.559 --> 0:14:18.840 pit is something that you want to avoid at all costs. 0:14:18.840 --> 0:14:20.880 And it might be over a million dollar lemon because 0:14:20.960 --> 0:14:23.760 I don't know if stats recently came out, Matt, guess 0:14:23.760 --> 0:14:26.320 what percentage of homes now cost over a million dollars 0:14:26.360 --> 0:14:28.320 in the US. I think it used to be like 0:14:28.360 --> 0:14:30.040 two percent. Now it's like eight or two. It's like 0:14:30.080 --> 0:14:32.680 almost nine percent. Homes cost over a million dollars, which 0:14:32.760 --> 0:14:35.120 I was surprised to see. But it's they're also all 0:14:35.120 --> 0:14:39.280 out in California. That's true. Um of those are in California. 0:14:39.520 --> 0:14:43.040 But I couldn't imagine. It's just a different way of living. 0:14:43.080 --> 0:14:45.440 It is there. It is, Yeah, a million dollars for 0:14:45.640 --> 0:14:49.000 you know, to one out there in some places. All well, 0:14:49.040 --> 0:14:51.200 we've got more information that we've we've got to share 0:14:51.240 --> 0:14:54.320 with you on today's Friday flight, including a story about 0:14:54.520 --> 0:14:56.760 thieves targeting your car. We'll get to that and more 0:14:57.000 --> 0:15:08.880 right after this break. All right, we're back from the break, Joel, 0:15:08.960 --> 0:15:12.080 let's continue with our Friday flight. You are you willing 0:15:12.120 --> 0:15:14.120 to introduce our ludicrous headline of the week. I'll do it. 0:15:14.160 --> 0:15:16.920 I got this Bunny and uh listener Gary actually sent 0:15:17.000 --> 0:15:18.360 this one over which we you know what, I just 0:15:18.440 --> 0:15:20.600 want to say. If anybody comes across some sort of 0:15:20.640 --> 0:15:23.640 ludicrous financial headline this week, feel free to email us. 0:15:23.720 --> 0:15:26.160 Let us know. We love hearing suggestions from listeners, And 0:15:26.400 --> 0:15:28.560 no matter what, we always like hearing from from listeners, 0:15:28.600 --> 0:15:31.040 whether it's you sending in your voice memo to share 0:15:31.080 --> 0:15:33.360 what cool tip you've implemented in your life that was 0:15:33.360 --> 0:15:36.600 another quick plug for the episode, or if it's a 0:15:36.680 --> 0:15:38.880 ludicrous headline, either way, we love it. Yeah for sure. 0:15:39.040 --> 0:15:42.600 Right so this this headline was tom Brady unretired and 0:15:42.640 --> 0:15:47.000 disappoints unlucky fan, and and everybody heard about this by now. 0:15:47.040 --> 0:15:49.840 It was the unretirement that you know, went around the world, 0:15:49.880 --> 0:15:52.240 and I don't think anyone was terribly shocked. So I'm 0:15:52.240 --> 0:15:54.520 actually surprised when he said he was retiring. I was like, 0:15:54.600 --> 0:15:56.680 I don't know if that's gonna stick. But yeah, you 0:15:56.680 --> 0:15:59.040 would think all Tom Brady fans would be pumped that 0:15:59.120 --> 0:16:01.960 he's coming back for another season, right, well, just about 0:16:02.000 --> 0:16:04.760 all of them, not the anonymous guy or gal who 0:16:04.760 --> 0:16:07.840 paid more than half a million dollars for Tom Brady's 0:16:08.040 --> 0:16:11.440 last touchdown football. I would say that this football, Matt 0:16:11.520 --> 0:16:13.680 is almost certainly worth a good bit less now that 0:16:13.760 --> 0:16:17.160 it's just another random football that Tom Brady through and um, 0:16:17.400 --> 0:16:19.720 it's it's a good idea if you're buying something like 0:16:19.760 --> 0:16:22.960 this that that feels sentimental. There's there's so much going 0:16:23.000 --> 0:16:26.280 on in the space of collectibles that I would say 0:16:26.480 --> 0:16:28.600 a lot of people are gonna lose money in this space. 0:16:28.760 --> 0:16:31.120 If you think about it as an investment, you are 0:16:31.320 --> 0:16:33.720 are likely to get burned. When you're buying some sort 0:16:33.720 --> 0:16:37.200 of sports memorabilia or playing cards. Um, you have no 0:16:37.280 --> 0:16:39.080 idea whether that asset is going to go up or 0:16:39.120 --> 0:16:41.960 down in price, and I think this unlucky bidder is 0:16:42.000 --> 0:16:44.320 is going to find that out pretty quickly. I completely agree. 0:16:44.320 --> 0:16:46.520 You definitely can't look at some of these different items 0:16:46.560 --> 0:16:50.160 as an actual investment. But that being said, I would 0:16:50.160 --> 0:16:52.680 be willing to say that I think that that specific 0:16:52.680 --> 0:16:57.160 football that it will maintain its value because of the 0:16:57.160 --> 0:16:59.400 fact that, like, there's still takes from Matt Well, there's 0:16:59.400 --> 0:17:01.560 still a story associated with the football, right, Like there 0:17:01.560 --> 0:17:04.199 there's no inherent value of that football except for the 0:17:04.200 --> 0:17:07.160 fact that it was whatever the last ball that Tom 0:17:07.200 --> 0:17:09.800 Brady tossed or whatever. But the fact is, it's not 0:17:09.840 --> 0:17:13.639 like this after he deflated it, Oh ma'am, I was kidding. 0:17:13.760 --> 0:17:17.560 It's not like that the story completely evaporated though, right 0:17:17.640 --> 0:17:19.240 It's it's not like it all of a sudden does 0:17:19.240 --> 0:17:22.040 not exist anymore. It's just that the story has changed 0:17:22.320 --> 0:17:24.240 and and so like in my mind, so before it 0:17:24.280 --> 0:17:26.439 was the football, it was you know, the last winning 0:17:26.640 --> 0:17:30.200 touchdown past that he threw whatever. Now it's the football 0:17:30.480 --> 0:17:32.760 that he threw before he fake retired. Like there is 0:17:32.760 --> 0:17:35.000 still a story surrounding it. And like I might even 0:17:35.000 --> 0:17:36.600 be willing to say that it might even be worth 0:17:36.640 --> 0:17:39.120 slightly more because of the fact that we're talking about 0:17:39.119 --> 0:17:40.800 it right now. Not that not that you know, we're 0:17:40.800 --> 0:17:42.960 pumping it up or anything like that, but just because 0:17:43.000 --> 0:17:45.959 it's going around the internet, it's becoming like a legend. 0:17:46.000 --> 0:17:48.360 It's a basically it's a meme, right Like, like that 0:17:48.520 --> 0:17:51.480 is why memestocks or a thing. It's not because necessarily 0:17:51.480 --> 0:17:54.399 of the inherent value of that thing, but rather it 0:17:54.440 --> 0:17:57.080 has more to do with the story and the lore 0:17:57.440 --> 0:17:59.960 surrounding the item. Uh. And so that's why I will 0:18:00.119 --> 0:18:02.480 to say that it's going to maintain its value or 0:18:02.520 --> 0:18:04.400 we might even see a go weapon value. This might 0:18:04.440 --> 0:18:06.720 just be a short term, twenty four hour new cycle story. 0:18:06.800 --> 0:18:08.960 So I don't know, we'll see, we'll see, But um, 0:18:09.040 --> 0:18:11.159 it's still funny. I appreciate your take, and it's still 0:18:11.320 --> 0:18:13.439 kind of funny, and yeah, I'm sure that was their 0:18:13.440 --> 0:18:15.920 immediate reaction where they're just like, wait, he just came 0:18:15.920 --> 0:18:19.600 out of retire retirement, son of a Well, speaking of 0:18:19.640 --> 0:18:22.640 speculative assets, I think there's a story in the Financial 0:18:22.640 --> 0:18:24.840 Times that we should talk about because, you know, even 0:18:25.119 --> 0:18:27.600 a good story, like you're talking about this this football 0:18:27.640 --> 0:18:29.760 has kind of a story associated with it, maybe that 0:18:29.800 --> 0:18:32.800 will lead to actually an increase in value. Well, even 0:18:32.920 --> 0:18:36.080