WEBVTT - Let's Get Real About the 'Roaring '20s' 0:00:06.240 --> 0:00:18.200 Hey, hey, Hey, we're back where black book book bread 0:00:19.320 --> 0:00:27.840 and ambition, ambition, ambition. Hey, Andrea, how you a little girl? 0:00:28.240 --> 0:00:29.600 I thought you were going to put like a little 0:00:29.640 --> 0:00:36.640 Elvis flavor on it by coming Vegas like my little transition. Yes, 0:00:36.720 --> 0:00:40.479 I do. What even are you there for? 0:00:41.280 --> 0:00:43.680 So if I haven't budget means to the Vegas I 0:00:44.040 --> 0:00:46.560 you know, I know right, I'm in Vegas for my 0:00:46.760 --> 0:00:52.159 besties fiftieth birthday. Happy birthday to you, Cabrown. Yeah, I 0:00:52.400 --> 0:00:57.319 know it's brother doesn't get fifty, but I mean, we're here. 0:00:57.680 --> 0:00:59.840 I always heard that black one crack unless you do it, 0:01:01.040 --> 0:01:03.880 and he doesn't. So he looks great. Good for him, 0:01:05.800 --> 0:01:08.800 and so you know, like some people, this is not me, 0:01:09.120 --> 0:01:13.600 but some people are really good like friend people. I'm 0:01:13.600 --> 0:01:17.200 not like a bad friend, but literally, he has like 0:01:17.360 --> 0:01:19.640 fifteen twenty people here who flew from all around the 0:01:19.680 --> 0:01:23.800 country to come to Vegas for him for like four days. 0:01:24.319 --> 0:01:26.840 And there are people here, Oh, this is my friend 0:01:26.880 --> 0:01:29.000 group from high school. I'm like, I don't I think 0:01:29.040 --> 0:01:31.360 I know two people from high school for all walks 0:01:31.400 --> 0:01:33.720 of life. Cabrel is somebody who I don't even know 0:01:33.720 --> 0:01:35.479 how he keeps up with people. He's such a good 0:01:35.480 --> 0:01:38.120 friend that we all just dropped our busy lives and 0:01:38.200 --> 0:01:40.680 came to Vegas to get down. 0:01:41.240 --> 0:01:43.839 Well, he's probably done that for y'all, right, Yeah, absolutely. 0:01:43.880 --> 0:01:45.800 I mean I remember remember we went to go see Usher. 0:01:45.840 --> 0:01:47.920 I remember that time my sisters and I went to 0:01:48.080 --> 0:01:51.680 Vegas to go see Usher. Cabral was like, oh, because 0:01:51.720 --> 0:01:54.000 his grandmother lives here at the time, and he goes 0:01:54.040 --> 0:01:56.240 he likes a little gamble gamble that he had some 0:01:56.360 --> 0:01:58.720 cops rooms and so he's like, oh, you don't have 0:01:58.840 --> 0:02:00.760 to pay for a hotel, my comp rooms. 0:02:00.760 --> 0:02:02.960 And I said, oh, So I'm thinking, like, you know, 0:02:03.080 --> 0:02:06.480 we'll just go and say hey, Cabrel, but no, he 0:02:06.560 --> 0:02:09.079 had to come and check us in. And I remember 0:02:09.919 --> 0:02:11.880 he came and I was like, oh, do you want 0:02:11.919 --> 0:02:13.839 to come to the concert with us? Where you're gonna 0:02:13.840 --> 0:02:15.440 you know how long gonn be Here're gonna visit your grandmother. 0:02:15.520 --> 0:02:17.560 He's like, oh, no, I'm just going home. I was like, 0:02:17.639 --> 0:02:21.320 I don't understand. You flew from Jersey to Vegas to 0:02:21.520 --> 0:02:23.360 check us in to go home. That's Cabra. 0:02:23.880 --> 0:02:25.560 When he says he's one of those points people in 0:02:25.720 --> 0:02:26.800 he I mean, but. 0:02:28.760 --> 0:02:31.160 What he says, I'm having a birthday party. You show 0:02:31.240 --> 0:02:34.280 up and so it's been great. You went to the sphere. 0:02:34.520 --> 0:02:35.840 Have you heard of the spear Like it's like this 0:02:35.960 --> 0:02:38.080 global Yeah it wasn't. 0:02:38.320 --> 0:02:41.959 Yes, I have like YouTube performed there. Yes, sometime in 0:02:42.400 --> 0:02:44.400 was it New Year's Eve or the Grammys or somethings, 0:02:44.800 --> 0:02:45.440 But what is it? 0:02:46.160 --> 0:02:49.079 So it's like, I guess it's like you could say 0:02:49.080 --> 0:02:52.959 it's a stadium if you will, but it's literally the 0:02:53.040 --> 0:02:55.480 shape of a spear circle and you're in it. And 0:02:55.600 --> 0:03:01.079 so the the it's a multi media experience. The chair moves, 0:03:01.520 --> 0:03:05.959 there's there's scent, there's wind, there is all around you. 0:03:06.080 --> 0:03:09.360 So it's not just visually in front of you the ceiling. 0:03:09.480 --> 0:03:13.040 Besides everything, you are immersed in the experience. And so 0:03:13.320 --> 0:03:15.000 I'm not a big Youtwo fan. I mean I think 0:03:15.080 --> 0:03:16.720 they're great or whatever, but maybe I can know one 0:03:16.760 --> 0:03:19.519 song I don't know. So instead we did something called 0:03:19.560 --> 0:03:23.000 Postcard from Earth, which is kind of like it's like 0:03:23.120 --> 0:03:24.919 this love letter to Earth. So you go through the 0:03:24.960 --> 0:03:29.320 African savannah like this, like I remember, like an elephant 0:03:29.400 --> 0:03:31.720 walked over us and you could feel the ground moving 0:03:31.800 --> 0:03:34.320 as the elephant approached you, and you see its lego 0:03:34.360 --> 0:03:35.320 over your head and you're like, oh my. 0:03:35.400 --> 0:03:39.480 God, it's like a four D or like five experience. 0:03:39.800 --> 0:03:42.320 So they like took us into a church and I 0:03:42.440 --> 0:03:44.240 was like, bro, did you get sick? Did you feel 0:03:44.280 --> 0:03:45.960 like carsick? Some people said it, but I took a 0:03:46.040 --> 0:03:48.080 drama beforeand because I don't play with my most sickness, 0:03:48.880 --> 0:03:51.240 and I said, Nami, So I took a drama in 0:03:51.680 --> 0:03:53.400 and I was like weird, Like they took us into 0:03:53.440 --> 0:03:55.040 a church and you're like you feel like you're in it. 0:03:55.360 --> 0:03:57.480 And I smelled incense and I was like, in my 0:03:57.560 --> 0:03:59.480 bugget or do I smell incense? Like it'sid I do? 0:04:00.360 --> 0:04:03.080 And so it was just like it was really amazing. 0:04:03.200 --> 0:04:05.360 And so I mean the tickets are not to I 0:04:05.400 --> 0:04:07.760 think they started like, you know, ninety nine dollars and 0:04:07.840 --> 0:04:10.680 go up to like I don't even know. Yeah, So 0:04:10.800 --> 0:04:12.200 but it was, you know, to me, it's a thing 0:04:12.280 --> 0:04:15.680 to see. And so yeah, I mean, I'm glad to 0:04:15.720 --> 0:04:18.840 be here. My sister Tracy's here with me, and you know, 0:04:18.880 --> 0:04:21.520 I come back before our big lab. 0:04:23.160 --> 0:04:27.680 Speaking of like show Girls Live, should we prepare a 0:04:27.760 --> 0:04:31.240 little like should we do like a little choreo, like 0:04:31.360 --> 0:04:31.960 a little. 0:04:33.480 --> 0:04:35.520 We should we already do what be doing a snake? 0:04:35.560 --> 0:04:38.560 Should I bring my like that belly dancing skirt that 0:04:38.600 --> 0:04:40.760 I bought in Turkey eleven years ago and I still 0:04:40.800 --> 0:04:42.640 haven't worn, but I carry it from house to house 0:04:42.680 --> 0:04:45.360 town one year. 0:04:45.960 --> 0:04:47.560 I don't really have good rhythm. I feel like you 0:04:47.640 --> 0:04:49.920 have better for me. I'd be like, oh lord, it's fine. 0:04:50.000 --> 0:04:52.320 We would choreo to your It would be like when 0:04:52.400 --> 0:04:54.920 I choreographed when we had our wedding dance done for 0:04:54.960 --> 0:04:57.120 me and Enrique. It was choreographed at his skill level, 0:04:58.040 --> 0:05:01.520 not to his skill got rid of me, you know, 0:05:03.360 --> 0:05:06.960 when he was okay, we were all okay, Yeah, I'm 0:05:07.000 --> 0:05:09.320 really excited. It's sold out, we got the wait list 0:05:09.480 --> 0:05:13.320 is also packed for the so I'm excited. We need 0:05:13.360 --> 0:05:15.560 to squeeze. I might try to trick you into doing 0:05:15.600 --> 0:05:17.520 one bow gain one more live event before. 0:05:20.600 --> 0:05:21.120 It's so fun. 0:05:21.200 --> 0:05:24.440 I mean, I'm just like people are coming. No, I'm very, 0:05:24.560 --> 0:05:26.480 very excited for our live show. You guys will be 0:05:26.600 --> 0:05:29.080 able to You'll be able to tune in even if 0:05:29.120 --> 0:05:31.680 you can't make the show live. We will be posting 0:05:31.720 --> 0:05:34.039 it as an episode at some point in the near future. 0:05:34.080 --> 0:05:36.200 But first we have to get through it, I'm nervous 0:05:37.760 --> 0:05:39.960 and speaking of friends who are traveling cross country for you, 0:05:40.080 --> 0:05:43.040 my friend Chris from Popcorn Finance, he is literally coming 0:05:43.080 --> 0:05:46.840 from California to New York because he is such a 0:05:46.920 --> 0:05:50.400 tech nerd, and I took advantage of his like obsession 0:05:50.839 --> 0:05:52.720 and I was like, wouldn't it be fun if you 0:05:52.839 --> 0:05:55.440 figured out how to help us record a live episode? 0:05:55.960 --> 0:05:58.560 And of course you know these techie guys like my 0:05:58.680 --> 0:06:00.760 husband and him, I just knew. I was like, before 0:06:00.800 --> 0:06:03.160 this is all done, he's going to upgrade his entire kit. 0:06:03.279 --> 0:06:05.160 He's going to get like a new lens all and 0:06:05.320 --> 0:06:09.160 yes he has, but Chris is, yes, so generous to 0:06:09.640 --> 0:06:12.040 be doing that for us, And I'm just I'm so 0:06:12.120 --> 0:06:15.200 excited to get to Squeeze and ba fam in person 0:06:15.520 --> 0:06:19.880 and they can give me their hugs, you know, for you. Yeah, 0:06:20.040 --> 0:06:23.760 take pictures, Come get these cool stickers that I ordered 0:06:24.200 --> 0:06:28.080 I saw. Yes, No, It's going to be a great time. 0:06:28.560 --> 0:06:32.200 And I think it's very apt that you're in Vegas 0:06:32.279 --> 0:06:36.440 right now because I feel like our conversation, especially from 0:06:36.520 --> 0:06:40.320 last week's show, the response to last week's show, I'm like, 0:06:41.760 --> 0:06:44.560 I feel a little bit of a vulnerability hangover or 0:06:45.040 --> 0:06:48.560 I'll talk about we viral, But if y'all have been 0:06:48.600 --> 0:06:51.320 listening to the show, I haven't not said that it's 0:06:51.360 --> 0:06:53.680 been a difficult time. I've been saying it without saying it. 0:06:54.800 --> 0:06:57.680 But last week, just for some reason, I was like, 0:06:57.720 --> 0:06:59.200 I think this is going to strike a chord. So 0:06:59.279 --> 0:07:01.680 I I shared that clip of me talking about my 0:07:01.760 --> 0:07:07.039 property taxes and whoa, whoa whoa on TikTok and ig, 0:07:07.360 --> 0:07:11.160 and I don't know, I guess it's you know, it's 0:07:11.200 --> 0:07:12.920 one of those times where you when you're vulnerable, you 0:07:12.960 --> 0:07:16.160 talk about your finances, but you're not necessarily someone who 0:07:16.240 --> 0:07:19.160 fits the description of someone who's you know, like I'm 0:07:19.200 --> 0:07:22.280 never going to qualify for any sort of income assistance 0:07:22.520 --> 0:07:25.200 or housing, you know, all that kind of thing, and 0:07:25.280 --> 0:07:27.640 I have beautiful children in a home, and like, I'm 0:07:27.680 --> 0:07:30.360 so privileged in many ways. Sometimes people don't give you 0:07:30.440 --> 0:07:33.560 any kind of grace to struggle, and so I was 0:07:33.600 --> 0:07:37.760 really like, yeah, I was really warmly surprised by the 0:07:37.880 --> 0:07:45.640 response and also sadly just also terrified by the response, 0:07:45.920 --> 0:07:50.000 because it is it is rampant, like the number of 0:07:50.720 --> 0:07:55.920 homeowners especially and people who are earning two income households 0:07:55.920 --> 0:07:58.880 who are just struggling to make and can you. 0:07:59.000 --> 0:08:00.800 Can you recap for people who are like, what's you 0:08:00.840 --> 0:08:01.280 talking about? 0:08:02.080 --> 0:08:05.000 Yeah, So last week on the show, we how do 0:08:05.120 --> 0:08:06.560 we even get off on that? So we were talking 0:08:06.600 --> 0:08:08.800 about credit card debt? Right, there was like some kind 0:08:08.840 --> 0:08:11.680 of statistic that came out talking about how American homeowners 0:08:11.720 --> 0:08:14.000 are on the edge and you can tell because they're 0:08:14.000 --> 0:08:17.640 putting groceries and other household essentials on credit cards. And 0:08:17.800 --> 0:08:19.920 I was like, people, I'm people, I'm me. 0:08:21.440 --> 0:08:22.600 And not. 0:08:22.880 --> 0:08:25.400 And one of the biggest drivers of that is that 0:08:25.880 --> 0:08:28.800 our the cost of housing even for us as you 0:08:28.880 --> 0:08:31.520 think as a homeowner, you purchase a house and you 0:08:31.640 --> 0:08:33.439 get it within your budget, right, you get approved for 0:08:33.480 --> 0:08:36.800 the mortgage and all of that, but you don't think about, Okay, 0:08:36.840 --> 0:08:40.640 what happens when the property assessment, like the value of 0:08:40.679 --> 0:08:43.240 your home goes up in your town's eyes or whatever, 0:08:43.960 --> 0:08:47.040 like whoever's in charge of determining your property value. And 0:08:47.160 --> 0:08:52.040 that is directly tied to taxes and homeowners insurance, and 0:08:52.760 --> 0:08:56.839 it has dramatically increased our cost of housing, especially in 0:08:56.920 --> 0:08:59.960 the last couple of years. So I posted that clip 0:09:00.120 --> 0:09:03.480 on social and there's a lot of people out there 0:09:03.520 --> 0:09:06.840 doing like struggling in the exact same way as an accent. 0:09:06.920 --> 0:09:08.920 And people were shocked. So one of the things that 0:09:09.120 --> 0:09:11.719 shocked me because I'm so used to living in the 0:09:11.840 --> 0:09:15.760 expensive behind East Coast that I wasn't shocked by because 0:09:15.880 --> 0:09:18.000 my property taxes when I got my house in Yirk 0:09:18.120 --> 0:09:20.960 was seventy five thousand, and I want to say, seventy 0:09:20.960 --> 0:09:23.719 five thousand. Job I would built that. 0:09:24.640 --> 0:09:25.640 Oh no, we're Mary J. 0:09:25.760 --> 0:09:30.640 Blige, Chris, We're seventy five hundred, right, seven thousand, five 0:09:30.720 --> 0:09:34.840 hundred for the year. And now I want to say, 0:09:34.840 --> 0:09:37.160 I'm pushing eleven thousand. I bought the house five years ago. 0:09:37.160 --> 0:09:39.600 I'm pushing like eleven thousand, maybe even eleven thousand, five hundred. 0:09:39.880 --> 0:09:44.400 That's significant. So when you share that your property taxes 0:09:45.200 --> 0:09:48.079 you know were because how much were they when you 0:09:48.120 --> 0:09:49.439 first moved in? Do you remember how much it was 0:09:49.480 --> 0:09:50.160 monthly or annual? 0:09:50.240 --> 0:09:51.920 Life? You know, I was trying to find our very 0:09:51.960 --> 0:09:55.040 first mortgage statement and I forgot to finish that project. 0:09:56.080 --> 0:09:59.120 But I know our mortgage was twenty five. It was 0:09:59.360 --> 0:10:01.439 twenty five. I have one hundred. I feel like total, 0:10:01.720 --> 0:10:03.719 not the mortgage, but like the total house payment, which 0:10:03.760 --> 0:10:06.880 included property taxes. So I remember the time, I think 0:10:07.040 --> 0:10:10.679 they were around eleven or twelve thousand dollars. Now they 0:10:10.720 --> 0:10:14.280 are certainly above that now it is I haven't figured out. 0:10:14.880 --> 0:10:17.319 So a couple of questions that commenters had about my 0:10:17.400 --> 0:10:20.200 property tax stories, I said, my housing costs is right. 0:10:20.320 --> 0:10:23.160 Costs right now are up to nearly four thousand dollars 0:10:23.559 --> 0:10:26.120 from so when I met hundred a month from twenty 0:10:26.160 --> 0:10:29.000 five hundred. Yeah. So, and what I meant by that 0:10:29.320 --> 0:10:33.600 was my total housing my total mortgage payment, which includes 0:10:34.800 --> 0:10:37.520 my property tax. So a lot of us homeowners we 0:10:37.640 --> 0:10:41.280 do pay like like I pay a monthly property tax payment, 0:10:41.320 --> 0:10:43.920 but it goes and escrow and then my mortgage lender 0:10:44.120 --> 0:10:47.320 holds that money and then they pay the town once 0:10:47.320 --> 0:10:50.520 a year or whenever it is. So I'm always paying 0:10:50.559 --> 0:10:52.720 toward that, my husband and I so, and that also 0:10:52.800 --> 0:10:57.040 includes homeowners insurance, Okay, I know for sure, up, yes, 0:10:58.040 --> 0:11:00.839 and it doesn't include things like my elect bill and 0:11:01.760 --> 0:11:05.680 heating and all that jazz. But yeah, so that's about 0:11:05.679 --> 0:11:08.360 four thousand a month, and then of that about twenty 0:11:08.400 --> 0:11:11.840 five hundred or so is that additional cost on top 0:11:11.880 --> 0:11:15.760 of my mortgage payment. And it's just wild because I 0:11:15.920 --> 0:11:18.520 purchased a house that was well under five hundred thousand 0:11:18.559 --> 0:11:21.559 dollars at the time, and yes, we did put about 0:11:21.559 --> 0:11:24.360 one hundred thousand dollars of work into it. But the 0:11:25.440 --> 0:11:28.360 property value has just like I said in that last week, 0:11:28.400 --> 0:11:30.400 I think it's gone up like fifty or sixty percent, 0:11:31.200 --> 0:11:34.040 and that is out of our control because the town 0:11:34.400 --> 0:11:37.760 or whoever assesses the properties is like, hmm, you know, 0:11:38.320 --> 0:11:41.080 there's such a shortage of homes right now in my area, 0:11:41.240 --> 0:11:44.800 and with the pandemic rates were really low. People were like, 0:11:45.240 --> 0:11:47.480 you know, moving out of the city, moving in up here, 0:11:48.160 --> 0:11:51.319 trying to create rental properties, like take advantage of this 0:11:51.679 --> 0:11:54.880 short housing market this week out or this really like 0:11:55.120 --> 0:11:58.719 tight housing market. And because of that, not because we've 0:11:58.760 --> 0:12:01.199 added anything to the hop was like the price of 0:12:01.280 --> 0:12:03.760 our house has just gone up. So I couldn't even 0:12:03.800 --> 0:12:06.040 afford this house now if I tried to buy it. 0:12:07.640 --> 0:12:10.640 But I'm paying taxes on it, you know, Like why 0:12:10.679 --> 0:12:12.640 am I paying taxes on a house that's seven hundred 0:12:12.640 --> 0:12:14.520 thousand when I bought it for less than five hundred, 0:12:14.559 --> 0:12:15.920 And like it's very frustrating. 0:12:16.520 --> 0:12:20.360 It's crazy because in general, like on paper, it would 0:12:20.400 --> 0:12:24.080 say Mandy it's wealthier because your house is worth more. 0:12:24.160 --> 0:12:26.720 Her asset have appreciated, which means it's kind of in value. 0:12:27.040 --> 0:12:28.520 But it's like girl Wealthi're weird. 0:12:29.440 --> 0:12:32.120 Yeah, I mean, and do you And to take advantage 0:12:32.120 --> 0:12:34.520 of that equity, you can take a home equity loan, 0:12:34.679 --> 0:12:36.920 like we talked about, which we might do just to 0:12:37.000 --> 0:12:38.679 like get get rid of some credit card debt. 0:12:39.720 --> 0:12:42.480 But like, yeah, that is an asset. It definitely is 0:12:42.520 --> 0:12:43.280 an asset. You know. 0:12:43.360 --> 0:12:45.720 I could end up borrowing up to like seventy percent 0:12:45.760 --> 0:12:48.480 of my equity if I wanted to, But like that's 0:12:48.559 --> 0:12:52.120 another loan. And I guess you could say you could 0:12:52.120 --> 0:12:53.920 take a home you can do a cash out REFI 0:12:54.160 --> 0:12:56.439 we or not a cash out refy. We could do 0:12:56.679 --> 0:12:59.079 a home equity loan and then use that money to 0:12:59.320 --> 0:13:02.120 for as a down payment for another house. But I'm 0:13:02.160 --> 0:13:04.599 just gonna end up in the same situation, being in 0:13:04.800 --> 0:13:07.480 more house than I can afford. You know, it's crazy to. 0:13:07.520 --> 0:13:09.439 Be richer, but broker at the same time, it's a 0:13:09.520 --> 0:13:12.719 wild and I'm talking like cash poor, you know. 0:13:12.800 --> 0:13:14.880 And I don't want people shout out to my friend Baron, 0:13:14.920 --> 0:13:17.400 who's who's living a little some something in my Venmo. 0:13:18.000 --> 0:13:21.079 I was like, Baron, if you don't start, and he 0:13:22.000 --> 0:13:23.840 did you the grandmother fold into your hand, like when 0:13:23.840 --> 0:13:25.440 you go to yourriba's house, give you a little ten. 0:13:25.840 --> 0:13:29.080 Yes, yes, And I the way I kept it though, 0:13:29.120 --> 0:13:32.319 and Rikae's like, maybe give that money back, like he 0:13:32.440 --> 0:13:37.680 doesn't need it. I always joke, Baron's my cabro. He's 0:13:38.160 --> 0:13:40.880 he's like single, living his best life. He's the only 0:13:41.320 --> 0:13:43.959 he is the only community of America. Like the only 0:13:44.000 --> 0:13:46.240 people of America that are thriving right now are single, 0:13:46.960 --> 0:13:51.360 uh single, like higher hours right now, childless. He is 0:13:51.440 --> 0:13:55.599 living the dream, you know. And he's gay, so like 0:13:55.720 --> 0:13:58.319 you know, they just like then, I don't know, just 0:13:58.440 --> 0:14:01.040 like they split everything. Even when he goes on, you know, 0:14:01.200 --> 0:14:04.000 it's just better. It's just better if only I could 0:14:04.040 --> 0:14:04.360 have been. 0:14:04.920 --> 0:14:07.720 But you know, this was life as a gay black man. 0:14:07.720 --> 0:14:09.400 I'm not gonna lie. It's like a couple of house 0:14:09.440 --> 0:14:13.080 friends are fabby, let's get bro open my I mean, 0:14:13.160 --> 0:14:17.400 oh you also see what I mean, doctor lawyer. Yesterday, 0:14:17.400 --> 0:14:19.240 I said, is it a prerequisite? All y'all gotta be 0:14:19.280 --> 0:14:23.360 fine and successful and money go in the gym? I 0:14:23.520 --> 0:14:26.440 mean the way I was like, I don't even drink. 0:14:26.920 --> 0:14:28.920 But if I did, girl wouldn't have to touch a bill. 0:14:34.200 --> 0:14:38.480 Yes, so yeah, I'm keeping your money apparently should I'll 0:14:38.560 --> 0:14:39.920 use it on your birthday dinner and then I still. 0:14:42.400 --> 0:14:45.600 State firm agents are small business owners too, so they 0:14:45.720 --> 0:14:48.440 know how to help you choose personalized policies that fit 0:14:48.600 --> 0:14:51.120 your needs, like a good neighbor. State farm is there? 0:14:51.400 --> 0:14:52.960 Talk to your local agent today. 0:14:55.560 --> 0:14:58.800 I'm curious, what are your property taxes are in Middle America? 0:14:58.920 --> 0:15:01.480 In Missouri. I was shocked at how many people were 0:15:01.560 --> 0:15:06.080 so shocked by how much your you know, taxes cost 0:15:06.160 --> 0:15:09.840 you monthly because I didn't. I remember distinctly because I'm nosy. 0:15:10.080 --> 0:15:15.400 One of my friends, Rachel, Hey, Rachel, Rachel Wages. She 0:15:16.120 --> 0:15:18.960 purchased like it was like all over black enterprise and 0:15:19.120 --> 0:15:22.640 essence whatever. She had purchased its beautiful ranch and it 0:15:22.800 --> 0:15:24.440 was one of the Carolinas. 0:15:23.920 --> 0:15:25.200 Right North Carolina. 0:15:25.440 --> 0:15:29.280 Yeah, so she purchased its beautiful ranch. And I remember 0:15:29.320 --> 0:15:31.600 it was multiple, multiple acres. It wasn't like two or 0:15:31.640 --> 0:15:33.760 three from what I remember, it was at least ten, 0:15:33.840 --> 0:15:35.400 maybe twenty, I don't even know, but it was it 0:15:35.560 --> 0:15:39.000 was land, I mean money. It was her forty acres 0:15:39.000 --> 0:15:43.680 and a mule okay, and so I just remember because 0:15:43.720 --> 0:15:45.480 I was nosy, I want to learn more about the property. 0:15:45.520 --> 0:15:49.640 It looked so beautiful. And I remember vaguely like I 0:15:49.840 --> 0:15:51.680 can't remember how the property cost, maybe in the realm 0:15:51.720 --> 0:15:53.720 of like two million dollars something like that. And I 0:15:53.840 --> 0:15:56.240 remember looking at the property taxes Mandy and being like, no, 0:15:56.440 --> 0:16:00.160 month at the way they were it was well unt 0:16:00.160 --> 0:16:01.680 to ten thousand. I remember, I was like, it was 0:16:01.720 --> 0:16:05.920 wait a minute, under ten thousand. Yes, I couldn't. I said, 0:16:05.960 --> 0:16:07.400 this can't be this can't be true. How does this 0:16:07.440 --> 0:16:09.080 stuff get figured out? I don't know. 0:16:09.640 --> 0:16:12.760 You know someone who's I need The person who commented 0:16:12.840 --> 0:16:15.760 and said I work for a property assessment office somewhere. 0:16:15.840 --> 0:16:18.160 I was like, I need to understand the mess, yes, 0:16:19.000 --> 0:16:21.720 and to see some people. They asked me like, oh yeah, 0:16:21.760 --> 0:16:24.080 that question I got. Or the advice is you should 0:16:24.160 --> 0:16:26.200 appeal it. Well. On the show, I have talked about 0:16:26.200 --> 0:16:29.680 how we have appealed it and been denied twice. Yes, 0:16:29.920 --> 0:16:32.960 And I'm I would love like if y'all could explain 0:16:33.000 --> 0:16:36.040 how the math works it is left up and also 0:16:36.120 --> 0:16:40.000 where's it going? Because my roads have potholes all over 0:16:40.080 --> 0:16:45.080 the place, and you know, we I'm sure it goes 0:16:45.120 --> 0:16:46.880 into all kinds of services and all of that, but 0:16:47.840 --> 0:16:51.840 it's really tough out here. And to the point back 0:16:51.880 --> 0:16:54.360 to how I originally segued into this, you're in Vegas. 0:16:54.400 --> 0:16:56.600 I thought that was very apt given the whole like 0:16:56.760 --> 0:17:01.360 Roaring twenties element at all, because you should this report 0:17:01.440 --> 0:17:03.680 that's come out, right, so talk about talk about that 0:17:03.760 --> 0:17:06.560 a little bit, so and get my flopper heels ready. 0:17:07.640 --> 0:17:09.919 So first of all, I don't I'm not really familiar 0:17:09.920 --> 0:17:11.479 with UBS. What is UBS Camford? 0:17:11.600 --> 0:17:14.520 So it's a huge investment bank, Okay, And these investment 0:17:14.600 --> 0:17:19.280 banks put out you know, they put out reports sometimes monthly, quarterly, annually, 0:17:19.400 --> 0:17:22.360 but Wall Street watches them. So they have economists who 0:17:22.400 --> 0:17:24.520 are like trying to predict the future all the time. Yes, 0:17:25.200 --> 0:17:27.760 sometimes these reports make headlines like this one has. 0:17:28.160 --> 0:17:30.160 So it basically says that they believe that the US 0:17:30.240 --> 0:17:33.560 economy is heading into what's called the Roaring twenties. So 0:17:33.680 --> 0:17:38.080 the Roaring twenties were like this booming economic time in 0:17:38.200 --> 0:17:41.719 the United States, and they were swiftly and quickly followed 0:17:41.720 --> 0:17:43.679 by the Great Depression. So I don't know, they try 0:17:43.720 --> 0:17:45.879 to say we up and we down, but basically that 0:17:45.960 --> 0:17:48.640 it looks like we're entering into this booming economic time. 0:17:49.240 --> 0:17:52.040 And what I told Mandy was like, I hear you, 0:17:52.200 --> 0:17:54.240 and I've been hearing about the economy is doing so great, 0:17:54.560 --> 0:17:57.520 but everyday people I've never had my inbox more full 0:17:57.960 --> 0:18:00.640 with people who are literally like the first opening line, 0:18:00.760 --> 0:18:05.840 I'm desperate, Hi, Tiffany, I'm desperate. I'm so scared and afraid. 0:18:06.000 --> 0:18:09.200 I'm a nurse, my husband's mechanic. I'm working, but I 0:18:09.480 --> 0:18:11.520 am not making ends meet. I think we're going to 0:18:11.600 --> 0:18:13.160 lose our house. I don't know where we're going to stay. 0:18:13.680 --> 0:18:16.520 And it's so I mean, I've never seen it like 0:18:16.560 --> 0:18:19.760 this before, this, even during the pandemic, this visceral kind 0:18:19.800 --> 0:18:22.479 of reaction. And I was like on YouTube the other 0:18:22.600 --> 0:18:26.199 day and I was flooded with all these like a collection. 0:18:26.280 --> 0:18:30.480 Apparently there's like loud majority of TikTokers who are making 0:18:31.080 --> 0:18:34.000 they're calling it broken tire, this trend where they are 0:18:34.119 --> 0:18:38.960 talking about how they are working, they're not buying excessive things, 0:18:39.200 --> 0:18:42.239 and they are broke and they are tired, and they 0:18:42.280 --> 0:18:44.480 are working two and three and four jobs and still 0:18:44.520 --> 0:18:46.840 can't make ends meet. So I'm like, what, Remember we 0:18:46.920 --> 0:18:48.920 talked about this months and months ago. Remember I was like, Mandy, 0:18:49.000 --> 0:18:51.280 isn't me or doesn't seem to be like a disconnect 0:18:51.320 --> 0:18:54.720 between the economy saying it's so strong and the market 0:18:54.840 --> 0:18:57.800 is up and yet every day people never sounded broken. 0:18:58.240 --> 0:19:00.560 Do you know why the economy is up and up 0:19:00.560 --> 0:19:03.119 and all that kind of shit? It's because corporations are 0:19:03.160 --> 0:19:08.200 doing great because for whatever reason you can blame. I've 0:19:08.320 --> 0:19:10.000 read things. I think that it's easy for us to 0:19:10.320 --> 0:19:12.960 say that companies are being greedy and raising prices because 0:19:12.960 --> 0:19:15.280 they can all of that that was somewhat going on, 0:19:15.520 --> 0:19:18.120 But it's actually just like a bunch of different factors. 0:19:18.200 --> 0:19:21.600 Everything is more expensive and there are there is a 0:19:21.720 --> 0:19:24.119 lot of money to be made off the back of 0:19:24.200 --> 0:19:27.359 consumers right now. But these reports often don't consider the 0:19:27.640 --> 0:19:30.000 like the average consumer. I think they only consider they 0:19:30.040 --> 0:19:33.080 only care about what happens to American dollars in terms 0:19:33.119 --> 0:19:34.960 of like are we going to be spending and where 0:19:35.000 --> 0:19:36.880 are we going to be spending? And if we're not spending, 0:19:37.280 --> 0:19:39.879 like they love that we're relying on credit cards because 0:19:39.920 --> 0:19:42.879 we're still spending. You know, let's not think about the 0:19:43.080 --> 0:19:45.280 thirty percent interest rate that we're paying on that credit 0:19:45.359 --> 0:19:48.439 card debt, or the fact that you know it's going 0:19:48.520 --> 0:19:50.520 to take us years, if not never, going to be 0:19:50.560 --> 0:19:52.240 able to pay that debt down because we'll have to 0:19:52.280 --> 0:19:54.000 go file bankruptcy and. 0:19:54.080 --> 0:19:54.359 All of that. 0:19:54.600 --> 0:19:57.920 Like the point is that Americans are still feeling what 0:19:58.200 --> 0:20:00.959 like confident enough that we'll be able to pay off 0:20:00.960 --> 0:20:04.240 our debt that we're using credit cards. And that's where 0:20:04.240 --> 0:20:06.119 I start to get kind of pissed off because one 0:20:06.160 --> 0:20:07.720 of the things I shared last week was that my 0:20:08.400 --> 0:20:10.760 own family has benefited off the backs of this housing 0:20:10.800 --> 0:20:14.200 shortage and they have gotten into this very lucrative business 0:20:14.200 --> 0:20:18.440 as property managers and just like had this huge tail 0:20:18.520 --> 0:20:21.040 for the last decade and are like wealthier than they've 0:20:21.080 --> 0:20:24.320 ever been. And these companies that have bought up these 0:20:24.359 --> 0:20:26.639 homes and are flipping them and renting them to people 0:20:26.680 --> 0:20:28.600 and raising the rent like there's a lot of money 0:20:28.640 --> 0:20:33.119 to be made, but like it's it's only gonna I 0:20:33.200 --> 0:20:38.000