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Speaker 1: There is a lot going on with our economy right now,

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Speaker 1: and it's not just financially. It's also the strain that

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Speaker 1: is being put on our economy when it comes to

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Speaker 1: legal immigrants coming across the southern border, and it is

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Speaker 1: making the prices of not just goods and services skyrocket.

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Speaker 1: But mostly where people are feeling it the most is

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Speaker 1: in home prices.

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Speaker 2: Now.

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Speaker 1: A couple of days ago, I talked about this warning

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Speaker 1: with you that Americans now need more annual salary than

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Speaker 1: at any other time in the history of this nation

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Speaker 1: to to afford a medium price home.

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Speaker 2: How much is it up a staggering amount.

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Speaker 1: I'm going to tell you about that in a moment,

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Speaker 1: but first let me tell you about my friends.

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Speaker 2: Over at Patriot Mobile.

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Speaker 1: month when you pay your bill, they are giving record

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Speaker 1: donations to Democratic causes candidates. Now, if you're like me,

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Speaker 1: I understand that switching is scary because you don't want

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Speaker 2: They make it easy to switch.

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Speaker 1: I just added lines the other day and it didn't

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Speaker 1: take any time at all.

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Speaker 2: You can keep your same.

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Speaker 1: Cell phone number you have right now, or you can

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Speaker 1: get a new number if you want to and keep

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Speaker 1: your same cell phone you have right now, or upgrade

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Speaker 3: All right.

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Speaker 1: Let's get back to what I was talking about a

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Speaker 1: second ago with home prices and how bad it is

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Speaker 1: in this country. Now, this came out a couple of

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Speaker 1: days ago. Did Americans now need an annual salary of

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Speaker 1: more than one hundred and ten thousand dollars to afford

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Speaker 1: a median price home. Now, it's not just that's one

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Speaker 1: hundred and ten. I want you to understand what it

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Speaker 1: was back in twenty twenty. So this is four years ago.

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Speaker 1: It was just seventy five thousand. So you're gonna have

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Speaker 1: to make basically forty thousand dollars more to afford the

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Speaker 1: same home that you could afford in twenty twenty when

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Speaker 1: Donald Trump was leaving office. Now, to put into even

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Speaker 1: more perspective, Jerry Willis Fox Business, dear friend of mine,

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Speaker 1: gave the report just to give you even more perspective.

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Speaker 1: Listening carefully, because then I have more information about what

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Speaker 1: this is doing to younger home buyers.

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Speaker 4: Listen, the average home buyer needs to make over one

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Speaker 4: hundred and ten thousand dollars to afford the average home.

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Speaker 4: A new bank Rate study showing that the required salary

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Speaker 4: to make that purchase has jumped forty six percent in

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Speaker 4: just four years.

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Speaker 1: Now, let me just hit pause there and ask you

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Speaker 1: this question. How many of you listening have had your

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Speaker 1: salary increase by forty six percent over the last four years?

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Speaker 1: Forty six percent. Now, I know people have gotten raises. Okay,

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Speaker 1: I saw a lot of people get raises. I gave

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Speaker 1: raises over the last four years, especially when you're trying

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Speaker 1: to get people to work during COVID and things changed.

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Speaker 2: But I don't know anybody that got a forty per

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Speaker 2: six percent raise on average.

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Speaker 1: Now, there's some that did, right like, I'm sure there's

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Speaker 1: some of you that listening right now that you've got

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Speaker 1: a promotion or you went to work for yourself and

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Speaker 1: things are going well right now and you're making forty

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Speaker 1: six percent more than you were in twenty twenty. But

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Speaker 1: I'm asking for a whole of the country. How many

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Speaker 1: average workers that work nine to five jobs, that don't

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Speaker 1: own their own business, that are working for someone else

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Speaker 1: got a forty six percent raise in the last four years.

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Speaker 1: That doesn't happen for the average American. It can happen

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Speaker 1: for maybe one percent, two percent, three percent, I don't

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Speaker 1: know what the number is, but it's not the majority

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Speaker 1: of Americans. And you would need ninety percent Americans to

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Speaker 1: average a forty six percent increase in their salary over

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Speaker 1: the last four years. Now here's the other part that

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Speaker 1: you need to understand. If you look at the average

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Speaker 1: salary to afford a medium home in this country. Back

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Speaker 1: in twenty twenty, it was seventy five, nine hundred and

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Speaker 1: thirty nine dollars. That's what you need to make a

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Speaker 1: year to be a homeowner and a median priced home.

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Speaker 1: In January of this year, you need one hundred and

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Speaker 1: ten thousand, eight hundred and seventy one dollars to afford

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Speaker 1: the same home. Now, let's look at home prices. Okay,

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Speaker 1: so not only do you need to make forty six

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Speaker 1: percent more to move into that house, but the average

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Speaker 1: home price is up now forty two percent.

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Speaker 2: So what is it? Median? This is middle of the

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Speaker 2: road home.

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Speaker 1: This is kind of home ownership for you and a

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Speaker 1: family maybe one kid, possibly two. All right, like as

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Speaker 1: you're growing, this is the middle of the road medium

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Speaker 1: priced home.

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Speaker 2: Do you know what the number is now? In this country?

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Speaker 1: It will now cost you over four hundred thousand dollars

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Speaker 1: to own that home. Now that used to be a

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Speaker 1: dream home in the past, not anymore. That's medium. So

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Speaker 1: it costs now more than ever just to get an

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Speaker 1: average house, and it cost you a salary that had

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Speaker 1: to got forty six percent since twenty twenty to get

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Speaker 1: that average house.

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Speaker 2: Keep listening to what Jerry Willis says.

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Speaker 4: Home buyers only needed to make seventy six thousand back

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Speaker 4: in twenty twenty, and the issue widespread. You now need

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Speaker 4: a six figure salary to buy the average home in

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Speaker 4: twenty three states, including the District of Columbia. Four years ago,

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Speaker 4: that number was just six mortgage rates.

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Speaker 1: Of course, play better way, let's just stop there and

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Speaker 1: dissect that. In January of twenty twenty, there were only

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Speaker 1: six states in America where you need a six figure

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Speaker 1: salary I meaning one hundred thousand and one dollars okay,

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Speaker 1: to afford a medium home. So the majority of America, Okay,

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Speaker 1: look at the map. Only six states did you have

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Speaker 1: to make one hundred thousand and one dollars or more

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Speaker 1: to afford a medium home price. That number has now

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Speaker 1: skyrocketed from just six states to twenty three states in

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Speaker 1: four years. That is catastrophic to our economy because what

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Speaker 1: that means is is people are having to pour more

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Speaker 1: money than ever before into the dream of home ownership,

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Speaker 1: and that means they have less money for other things

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Speaker 1: like goods and services and their kids in private school

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Speaker 1: or whatever.

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Speaker 2: It may be a car, as all the.

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Speaker 1: Other prices of goods and services have also skyrocketed.

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Speaker 2: That's not all.

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Speaker 4: Mortgage rates, of course, have played a small role in

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Speaker 4: the bump, but home prices have buy and large kept

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Speaker 4: pace with a needed salary to buy them. The average

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Speaker 4: home up forty two percent, sitting at four hundred two

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Speaker 4: twelve thousand dollars.

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Speaker 2: Let me just put that into perspective.

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Speaker 1: I mentioned a moment ago that it cost you four

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Speaker 1: hundred and twelve thousand, two hundred and twenty seven dollars

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Speaker 1: in February of twenty twenty four to afford a median home.

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Speaker 1: Right now, do you know what that number was for

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Speaker 1: the same exact damn home in January of twenty twenty

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Speaker 1: two hundred ninety thousand, two hundred and sixty four dollars.

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Speaker 1: Two hundred and ninety thousand dollars is what it cost

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Speaker 1: you for the same home that would cost you today

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Speaker 1: to buy for four hundred and twelve thousand change. That

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Speaker 1: is a forty two percent increase. That is unsustainable. You

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Speaker 1: cannot continue to have houses go up by forty two

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Speaker 1: percent over a four year period indefinitely, and there's no

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Speaker 1: way in hell that wages can keep up with that

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Speaker 1: where you used to have to make seventy six thousand

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Speaker 1: at for that home and now you've got to make

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Speaker 1: one hundred and ten thousand plus just to get into

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Speaker 1: an average home.

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Speaker 2: That's not all. It gets worse now.

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Speaker 4: Even though the housing market may be pricing people out,

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Speaker 4: people shouldn't be too quick to think that renting is

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Speaker 4: the solution. Since President Biden took all this, rents are

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Speaker 4: up nearly twenty one percent.

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Speaker 1: So twenty one percent rents are up because you may

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Speaker 1: say to yourself, well, man, I'm just going to sit

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Speaker 1: on the sidelines, right. I had a good friend they're

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Speaker 1: renting the other day. They're renting for years, and they

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Speaker 1: had a good deal on the rent. They liked the house,

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Speaker 1: they'd made it their own. They probably should have bought

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Speaker 1: the house or bought another house when interest rates were low,

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Speaker 1: but they didn't, right because the rent was a good

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Speaker 1: deal and they liked heror they live and it felt

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Speaker 1: like home.

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Speaker 2: They got to notice.

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Speaker 1: February saying hey, you got sixty days to move out,

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Speaker 1: And what they found was is that they now can't

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Speaker 1: even afford the same house that they were renting because

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Speaker 1: it costs so much money because rent rates have skyrocketed

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Speaker 1: since they signed their lease with someone who basically figured

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Speaker 1: it out. Like that's what this really boils down to.

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Speaker 1: They figured it out. The guy who has a house

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Speaker 1: is going to do.

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Speaker 2: One of two things.

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Speaker 1: Either he's going to raise the rent a lot, which

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Speaker 1: I don't think that's what he's actually doing.

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Speaker 2: I think he's saying I'm going to cash.

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Speaker 1: Out because I feel like they're there's a bubble coming, Okay,

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Speaker 1: Like I think that's what they're realizing, that there's a bubble.

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Speaker 2: I want my money.

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Speaker 1: If you've got a house, it's two hundred thousand dollars

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Speaker 1: four years ago, and you can cash out now and

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Speaker 1: you can put four hundred plus thousand in your pocket.

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Speaker 1: You may say, let's do that and I'll get out

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Speaker 1: of the rental game for a little bit and cash

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Speaker 1: out for retirement. Just take the four hundred thousand and

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Speaker 1: invest it because interest rates are up and you're now

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Speaker 1: getting a lot more for that four hundred thousand dollars.

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Speaker 1: If you invest it in basic money markets, you don't even.

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Speaker 2: Have to take big risks. In fact, you could take

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Speaker 2: extremely low risks.

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Speaker 1: And this is now where we are in this country

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Speaker 1: because of Bidenomics. You can also look to trends when

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Speaker 1: it comes to the economy, and one trend that I

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Speaker 1: want you to know about is where we are with

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Speaker 1: gold prices. Gold right now, as I'm recording this is

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Speaker 1: up almost two percent alone today at two thousand, two

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Speaker 1: hundred and ninety seven dollars and fifty cents an out.

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Speaker 1: Why is gold up from I'll give example, if you

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Speaker 1: go back to the beginning of October, it was about

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Speaker 1: eighteen hundred dollars an ounce. Why to go from eighteen

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Speaker 1: hundred to two thy two hundred and ninety seven dollars?

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Speaker 1: One simple reason, because people are afraid of what's happening

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Speaker 1: right now in this country. They're afraid of what's happening

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Speaker 1: with our economy, They're afraid about what's happening with all

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Speaker 1: of these basic issues that I just describe. Now, here's

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Speaker 1: another headline for you that I want to give you,

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Speaker 1: And this is a little bit of a contradiction of

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Speaker 1: the last headline that I had for you, but it's

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Speaker 1: one that shows you how quick things even change. And

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Speaker 1: I'm not saying for the better, I'm saying for the worse.

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Speaker 1: Home buyers is the headline from Yahoo Finance, home buyers

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Speaker 1: need to earn eighty percent more than they did in

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Speaker 1: twenty twenty to afford a home in today's market. So

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Speaker 1: they're not referring to the medium home price anymore. They're

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Speaker 1: saying just overall. Yahoo Finance and Wealth putting this out, saying,

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Speaker 1: as US housing prices rise, is home ownership still even achievable?

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Speaker 1: That is Yahoo Finance, listen to what they've said on

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Speaker 1: their online show, But for.

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Speaker 5: Many Americans, home ownership is seeming more and more out

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Speaker 5: of reach. According to new analysis from Zillo, home prices

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Speaker 5: have jumped forty two percent since twenty twenty, but the

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Speaker 5: average person needs to earn eighty percent more than they

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Speaker 5: did at that time in order to comfortably afford a

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Speaker 5: home in today's market. So why are homes becoming less

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Speaker 5: and less affordable? That's the big question here with the

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Speaker 5: latest We've got our very own Molly moorehead, Molly, what's

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Speaker 5: going on here? And why is it so hard to

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Speaker 5: be able to afford a home right now?

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Speaker 2: Hey, Brad.

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Speaker 6: So in addition to that increase in home prices, which

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Speaker 6: forty two percent is not nothing, inflation has been on

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Speaker 6: the rise since the pandemic, and interest rates have followed,

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Speaker 6: and so that means the cost of financing a home

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Speaker 6: is so much more than it was four years ago.

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Speaker 6: If you look at the average rate on a thirty

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Speaker 6: year alone, in March of twenty twenty, it was three

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Speaker 6: and a half percent. Today it's around six point eight

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Speaker 6: six point nine, And so it's this double whammy of

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Speaker 6: higher home prices and higher financing costs.

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Speaker 5: So what advice do you have for prospective home buyers

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Speaker 5: out there right now?

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Speaker 6: Yeah, well, it's not easy. This is a tough market.

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Speaker 6: But a couple of things you can do are. Number One,

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Speaker 6: watch the Fed. A lot of economists market watchers think

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Speaker 6: that we still have three interest rate cuts potentially coming

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Speaker 6: this year from the Federal Reserve, and that will help

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Speaker 6: the rate you qualify for on if you apply for mortgage.

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Speaker 6: And so if you're in a position where you can

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Speaker 6: time your home purchase a little bit, you don't have

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Speaker 6: to buy right now, then watch what happens more broadly

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Speaker 6: with interest rates, because that can help you. Second would

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Speaker 6: be negotiate agent commissions. This was not really in play

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Speaker 6: until very recently. With this settlement with the Realtors Associate,

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Speaker 6: there has long time been a kind of de facto

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Speaker 6: six percent commission.

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Speaker 2: But now all of that is negotiable. So go into

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Speaker 2: your home.

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Speaker 6: Purchase ready to negotiate your what your agent's going to

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Speaker 6: get paid.

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Speaker 1: So this is their advice. Yes, home pricing is out

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Speaker 1: of control. You may hope, and you can hope that

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Speaker 1: maybe prices come down. Okay, that's that's a possibility, is

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Speaker 1: that home prices might might come down.

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Speaker 2: Okay, just might come down.

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Speaker 1: They're probably not, but they might, and you should negotiate

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Speaker 1: with your real term what their commission is and that

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Speaker 1: might help you. Now you notice at the beginning of

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Speaker 1: this they said, not only our home price up forty

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Speaker 1: two since twenty twenty, they say that's because both rates

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Speaker 1: and borrowing costs of skyrocket. Notice they don't blame the

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Speaker 1: Biden administration's policies for this. They just act like, oh,

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Speaker 1: this is just some random thing that's happening, and I

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Speaker 1: get that this is yahoo.

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Speaker 2: They're liberal, all right.

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Speaker 1: But what they did take the truth on was and

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Speaker 1: they didn't go with medium price homes. They just were

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Speaker 1: giving you the overall average you need to earn eighty

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Speaker 1: percent more to comfortably afford a home in today's market.

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Speaker 2: Now, why they say comfortably afford If you.

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Speaker 1: Want to be maxed out in your budget, it may

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Speaker 1: be less, But if you want to enjoy and retire

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Speaker 1: and save for retirement and have a balanced budget in

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Speaker 1: your home, you literally need to earn eighty percent more

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Speaker 1: to comfortably afford a home in this market than you

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Speaker 1: did in twenty twenty. That is what this election is

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Speaker 1: going to end up being about, in my opinion. When

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Speaker 1: media and home income have only risen twenty three percent

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Speaker 1: over the last four years, leaving many people without the

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Speaker 1: running for home ownership, they're saying, hey, most Americans aren't

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Speaker 1: even a candidate now for home ownership, and the ones

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Speaker 1: that are in the homes they're in right now, they're

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Speaker 1: not leaving because the interest rates are so low. They

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Speaker 1: couldn't afford to move even into maybe the same house

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Speaker 1: they have right now if they went and bought the

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Speaker 1: same exact home across the street, because prices are out

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Speaker 1: of control because of inflation and interest rates. In twenty twenty,

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Speaker 1: a household earning fifty nine thousand dollars a year could

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Speaker 1: afford a typical home price at about two hundred and

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Speaker 1: forty grand At the time, the income level was less

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Speaker 1: than the US medium income of sixty six thousand, meaning

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Speaker 1: more than half of American households had sufficient cash flow

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Speaker 1: to not only purchase a home, but also to plan

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Speaker 1: for retirement and save money.

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Speaker 2: In other words, they were.

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Speaker 1: Able to purchase a home without overextending their budgets and

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Speaker 1: being locked in a miserable cycle of hell every month

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Speaker 1: coming up short or having to cut things. Today, those

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Speaker 1: same people, just four years later that are shopping for

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Speaker 1: a home, they need their income to go from fifty

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Speaker 1: nine thousand a year to one hundred and six thousand

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Speaker 1: dollars to afford the same exact home. Because the home

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Speaker 1: price has gone, as I mentioned earlier, from two hundred

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Speaker 1: and forty thousand to three hundred and forty two thousand.

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Speaker 1: That means you've got to earn forty seven thousand dollars

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Speaker 1: more than you needed to earn in twenty twenty.

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Speaker 2: To afford the same exact house.

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Speaker 1: And that's well above today's average income of eighty one

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Speaker 1: thousand dollars. Now, Zillo is more realistic than the other

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Speaker 1: numbers I was giving you earlier. Zillo's analysis is just saying, hey,

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Speaker 1: this is the truth.

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Speaker 2: This is what's going to happen.

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Speaker 1: And a point of concern is also this that the

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Speaker 1: banks are saying is look barely a handful of major

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Speaker 1: metro areas evaluated were affordable for the majority of the

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Speaker 1: people living there at the median income. The real estate

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Speaker 1: firm defines affordability as spending no more than thirty percent

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Speaker 1: of your income after offering a ten percent down payment, which,

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Speaker 1: by the way, most people now don't have the ten

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Speaker 1: percent down payment because that money has disappeared because the

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Speaker 1: cost of goods and services and inflation now.

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Speaker 2: A senior analyst.

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Speaker 1: At Zillo said it this way, incomes needed to purchase

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Speaker 1: a home are just much much higher than the typical

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Speaker 1: household income. The increase in costs is pricing out many

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Speaker 1: families that will never get on the housing ladder and

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Speaker 1: will never be able to start even in their starter

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Speaker 1: home because of what we just described. And the fact

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Speaker 1: is today's typical buyers would be facing a monthly mortgage

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Speaker 1: payment that is ninety six percent higher compared to twenty

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Speaker 1: twenty levels, so virtually double what you were going to

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Speaker 1: have to spend back then for the same home. So

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Speaker 1: there is the government numbers, and I gave you those earlier.

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Speaker 1: And then there's the reality, and Zillo is saying, you

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Speaker 1: need twice as much money now for a payment every

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Speaker 1: month than you did in twenty twenty in four years.

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Speaker 2: So that's twenty five percent increase a year.

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Speaker 1: That's an average payment by the way of two two

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Speaker 1: hundred dollars a month with a ten percent down payment

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Speaker 1: just to get into what you would describe as basically

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Speaker 1: a starter home. Now, the main difference they say is yes,

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Speaker 1: mortgage rates end in January of twenty twenty at three

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Speaker 1: and a half percent, a little lower if you have

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Speaker 1: good credit. So far this year the rates have hovered

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Speaker 1: between six and a half to above seven, depending on

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Speaker 1: your credit, but no less than six and a half.

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Speaker 1: And this uptick has made not only the prices of

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Speaker 1: goods and services go up, but if it is put,

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Speaker 1: would be buyers in a spot where now they're basically saying,

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Speaker 1: I can't afford it, so now I'm going to rent.

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Speaker 2: So what do you do with renting?

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Speaker 1: I go back to what I mentioned earlier when it

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Speaker 1: comes to the issue of renting. The prices when it

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Speaker 1: comes to renting are also through the roof, which brings

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Speaker 1: me to another issue. You may have noticed now that

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Speaker 1: we have a hell of a lot of people that

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Speaker 1: are squatting in homes right. A lot of illegal immigrants

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Speaker 1: as well have figured out how to get into the

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Speaker 1: squatting game. That's where you take up residence and a

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Speaker 1: home that you literally don't own. A Florida Sheriff Grady

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Speaker 1: Judge is about squatters. He's had enough, and the governor

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Speaker 1: in Florida has said I've had enough of this as well,

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Speaker 1: changing the legislation and the laws to protect homeowners who

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Speaker 1: have people that are staying in their houses that don't

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Speaker 1: belong there, that aren't paying rent.

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Speaker 2: They're called squatters.

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Speaker 1: It's gotten so bad in this country right now that

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Speaker 1: the White House is having to respond to the squatter issue.

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Speaker 1: Take a listen to this and the White House Press Secretary.

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Speaker 7: The White House was pressed on squatters' rights. What's this place?

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Speaker 7: Sheriff roll it?

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Speaker 8: How worried do Americans need to be about squatters? Homeowners

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Speaker 8: are showing up the places that they own where the

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Speaker 8: lots have been changed, some squatter has moved in and

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Speaker 8: the homeowner has no rights. Does President Biden think that

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Speaker 8: is right?

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Speaker 9: So my understanding is that this is obviously a local issue.

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Speaker 9: We are certainly tracking that issue. The rights of property

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Speaker 9: owners and renters must be protected, and we believe that.

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Speaker 9: You know, ultimately what needs to happen is a local

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Speaker 9: government needs to make sure that they address this and

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Speaker 9: they take action.

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Speaker 7: KJP is saying that it's a local issue. I believe

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Speaker 7: you're saying it's a local issue. Would you want the

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Speaker 7: FEDS to get involved at all?

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Speaker 3: No, absolutely not. The FEDS need to take care of

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Speaker 3: the federal issues. They're not doing too good with what

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Speaker 3: they need to be doing dealing with. So you stay

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Speaker 3: in Washington and you deal with international issues that are

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Speaker 3: really important to us as a nation, and let us

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Speaker 3: take care of the local stuff. That's interesting to me.

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Speaker 3: It is uncon inconceivable to me that any community would

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Speaker 3: allow a squatter to take over someone's homes and tell

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Speaker 3: them they had to go through a civil process. Well,

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Speaker 3: when they go on to your property without permission, that's trespassing, burglary, theft,

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Speaker 3: And all you have to do is man up or

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Speaker 3: woman up as a police administrator and say go arrest

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Speaker 3: them and put them in jail. Once you validate the

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Speaker 3: fact that there's no contractual lease agreements, our legal agreement

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Speaker 3: to sale. We've done that all along, Stuart. As a result,

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Speaker 3: our crimes are a fifty year long.

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Speaker 7: Excellent Cheff, Jeff, thanks for joining us this morning. We

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Speaker 7: appreciate it. Thank you, sir.

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Speaker 1: This sheriff, by the way, is making it clear and

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Speaker 1: this is a nationwide problem. I love how John Pierre's like, oh,

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Speaker 1: this is a local issue, we're monitoring it.

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Speaker 2: No, they're not.

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Speaker 1: They're not monitoring this at all. They're not thinking about

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Speaker 1: monitoring this. They don't want to deal with this because

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Speaker 1: they're in favor I think of the squatters. They're not

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Speaker 1: coming out condemning it. They're not coming out saying that

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Speaker 1: it's wrong. They're not coming out saying that that this

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Speaker 1: is something you noticed. They said that, Well, we have

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Speaker 1: to make sure we're on the side of renters' rights.

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Speaker 2: That's a woke liberal agenda.

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Speaker 1: By the way, they always will side on the other

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Speaker 1: side of the people that actually own the house and

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Speaker 1: that are up for all the problems. Okay, Like understand

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Speaker 1: and be clear about that. This is the problem that

444
00:22:04,000 --> 00:22:06,320
Speaker 1: we have in this country with our government is they

445
00:22:06,359 --> 00:22:09,040
Speaker 1: look out for the people that are.

446
00:22:09,119 --> 00:22:13,280
Speaker 2: Doing this, doing the wrong, more.

447
00:22:13,119 --> 00:22:15,280
Speaker 1: Than they look out for the people that are holding

448
00:22:15,280 --> 00:22:18,240
Speaker 1: the bag and owning the house like like, that's that's

449
00:22:18,359 --> 00:22:23,000
Speaker 1: part of the problem here, and and it's incredibly frustrating

450
00:22:23,680 --> 00:22:27,320
Speaker 1: when you see it this way. It's it's it's incredibly

451
00:22:27,400 --> 00:22:31,320
Speaker 1: frustrating to watch a government that doesn't help you out,

452
00:22:31,359 --> 00:22:35,920
Speaker 1: that doesn't protect you, that that doesn't sit there and say, look,

453
00:22:35,960 --> 00:22:38,320
Speaker 1: we get it. You own this house, You've got you've

454
00:22:38,320 --> 00:22:42,840
Speaker 1: got payments, right like when the economy is hurting right now,

455
00:22:42,960 --> 00:22:45,760
Speaker 1: as the way that it is, and it's hurting right now,

456
00:22:46,240 --> 00:22:49,280
Speaker 1: people don't have a lot of extra income in their pockets.

457
00:22:50,080 --> 00:22:53,520
Speaker 2: They just don't. They don't have a lot of extra

458
00:22:53,680 --> 00:22:54,200
Speaker 2: cash in.

459
00:22:54,160 --> 00:22:56,520
Speaker 1: Their pocket to sit around for three months or six

460
00:22:56,560 --> 00:22:59,000
Speaker 1: months or nine months or a year and then hire

461
00:22:59,040 --> 00:23:00,919
Speaker 1: attorneys to get some out of their house. Had no

462
00:23:00,960 --> 00:23:03,639
Speaker 1: business being in their house in the first place. That

463
00:23:03,840 --> 00:23:06,280
Speaker 1: is the issue that we have with all of this.

464
00:23:07,040 --> 00:23:09,760
Speaker 1: All right, I'm going to keep watching this because I

465
00:23:09,760 --> 00:23:12,119
Speaker 1: do think this is the issue that Republicans should be

466
00:23:12,119 --> 00:23:14,760
Speaker 1: talking about heading into this presidential election cycle.

467
00:23:14,800 --> 00:23:16,960
Speaker 10: It's the economy stupid. It's the economy stupid. It's the

468
00:23:16,960 --> 00:23:18,919
Speaker 10: economy stupid. I'm going to keep saying it. It's the

469
00:23:18,960 --> 00:23:22,399
Speaker 10: economy stupid, because that's what it is. Okay, it's the

470
00:23:22,440 --> 00:23:24,280
Speaker 10: economy stupid. Let me let me also just say one

471
00:23:24,320 --> 00:23:28,120
Speaker 10: other thing about this personally. We got a new car recently,

472
00:23:28,320 --> 00:23:31,440
Speaker 10: and I'm not kidding. It was like exactly what you

473
00:23:31,480 --> 00:23:34,479
Speaker 10: would expect. And I roll my eyes because it's exactly

474
00:23:34,560 --> 00:23:37,320
Speaker 10: what you would expect. Two days after getting the car,

475
00:23:37,440 --> 00:23:39,760
Speaker 10: a big rock hit the windshield, crack the windshield, and

476
00:23:39,760 --> 00:23:42,240
Speaker 10: you're like, are you kidding me? And so I called

477
00:23:42,280 --> 00:23:44,000
Speaker 10: because I was like, do I want to do insurance

478
00:23:44,000 --> 00:23:44,280
Speaker 10: on this.

479
00:23:44,359 --> 00:23:46,600
Speaker 1: Or just pay cash? And I called to get a

480
00:23:46,640 --> 00:23:50,560
Speaker 1: couple of quotes. And what I found out was and

481
00:23:51,280 --> 00:23:53,960
Speaker 1: I had a windshield that was replaced a couple of

482
00:23:54,000 --> 00:23:56,920
Speaker 1: years ago, not I mean like within the last two years.

483
00:23:57,760 --> 00:24:02,680
Speaker 1: And what I learned from that, okay, was that And

484
00:24:02,720 --> 00:24:04,679
Speaker 1: this was after talking to people that sell the glass.

485
00:24:04,760 --> 00:24:06,119
Speaker 1: I was like, I got the quote and I was

486
00:24:06,200 --> 00:24:09,320
Speaker 1: kind of shocked by it, Like I'm like, I really was, like,

487
00:24:09,359 --> 00:24:10,439
Speaker 1: I was like, are you kidding me?

488
00:24:10,480 --> 00:24:13,159
Speaker 2: And I was like, why is this windshield so expensive?

489
00:24:14,040 --> 00:24:16,680
Speaker 1: Like maybe there's something I don't know, I'm assuming there's

490
00:24:16,720 --> 00:24:19,240
Speaker 1: something unique, or maybe it's because it's a newer car

491
00:24:19,640 --> 00:24:21,280
Speaker 1: and there's just not that many out there in the

492
00:24:21,320 --> 00:24:23,880
Speaker 1: road yet. So the price isn't not you know, it's

493
00:24:23,960 --> 00:24:26,439
Speaker 1: not down because maybe they're not manufacturing as many replacement

494
00:24:26,480 --> 00:24:27,600
Speaker 1: windshields for this car yet.

495
00:24:27,720 --> 00:24:29,000
Speaker 2: So I was like, all right, I'll give you the

496
00:24:29,080 --> 00:24:29,600
Speaker 2: benefit of the doubt.

497
00:24:29,640 --> 00:24:32,479
Speaker 1: But like I got to know, dude, inflation and they're like,

498
00:24:32,520 --> 00:24:38,000
Speaker 1: we've seen the average price of windshields since COVID, he said,

499
00:24:38,000 --> 00:24:41,119
Speaker 1: in with inflation. Some of them, he said, more than

500
00:24:41,200 --> 00:24:43,399
Speaker 1: double depending on what type of car it is, it

501
00:24:43,480 --> 00:24:44,159
Speaker 1: is skyrocket.

502
00:24:44,200 --> 00:24:45,040
Speaker 2: They're like, people are.

503
00:24:44,960 --> 00:24:49,399
Speaker 1: Mad because a lot of them don't have the coverage

504
00:24:49,440 --> 00:24:52,840
Speaker 1: on their insurance plans for glass, because it can save

505
00:24:52,840 --> 00:24:54,800
Speaker 1: you some money on your insurance and so it's a

506
00:24:54,800 --> 00:24:57,560
Speaker 1: way to get your insurance costs down. But they were like,

507
00:24:57,640 --> 00:25:01,120
Speaker 1: this is this is the part that's insane, is that

508
00:25:01,320 --> 00:25:04,520
Speaker 1: we have so many different things that you don't realize

509
00:25:04,600 --> 00:25:07,160
Speaker 1: until you need it. Like, am I gonna shop around

510
00:25:07,600 --> 00:25:09,240
Speaker 1: for a new windshield?

511
00:25:09,880 --> 00:25:13,400
Speaker 2: Certainly a little bit. I'm gonna do that. I'm gonna

512
00:25:13,400 --> 00:25:14,480
Speaker 2: shop around a little bit.

513
00:25:14,520 --> 00:25:17,560
Speaker 1: Am I gonna Google search and say, hey, here's the car,

514
00:25:17,720 --> 00:25:18,560
Speaker 1: this is what it is.

515
00:25:18,640 --> 00:25:19,960
Speaker 2: What's the average cost for this?

516
00:25:20,240 --> 00:25:23,760
Speaker 1: Yes, I am And you can see the national average,

517
00:25:23,840 --> 00:25:26,760
Speaker 1: like it's it's significantly higher than what I was expecting.

518
00:25:26,800 --> 00:25:27,840
Speaker 2: I would argue, it's.

519
00:25:27,680 --> 00:25:30,919
Speaker 1: Almost double what I thought it was gonna cost me

520
00:25:31,000 --> 00:25:34,840
Speaker 1: for this windshield. And this is not some like luxury car.

521
00:25:35,040 --> 00:25:36,960
Speaker 1: Just so you understand, this is this is this car

522
00:25:37,040 --> 00:25:41,040
Speaker 1: is a Jeep. Okay, that's who the manufacture is. So

523
00:25:41,200 --> 00:25:44,119
Speaker 1: I'm not thinking this is some like higher price unique

524
00:25:44,200 --> 00:25:48,800
Speaker 1: European car or like a range Rover windshield that's heated,

525
00:25:49,280 --> 00:25:51,439
Speaker 1: you know where it has a little veining through it

526
00:25:51,520 --> 00:25:53,960
Speaker 1: on the front windshield to melt ice, like I get

527
00:25:54,000 --> 00:25:57,119
Speaker 1: if that's a lot more. This is a basic jeep

528
00:25:57,720 --> 00:26:02,240
Speaker 1: that has a a basic piece of glass and it's

529
00:26:02,320 --> 00:26:04,560
Speaker 1: about double what I thought it was going to cost.

530
00:26:05,240 --> 00:26:07,960
Speaker 1: And that's where we are now, Like this is the

531
00:26:08,000 --> 00:26:13,920
Speaker 1: reality of the situation. Everything is going up now. Let

532
00:26:13,920 --> 00:26:15,719
Speaker 1: me also, I want to put something else on your

533
00:26:15,800 --> 00:26:17,920
Speaker 1: on your radar screen that I also think is a

534
00:26:18,040 --> 00:26:20,800
Speaker 1: very important point that needs to be talked about, and

535
00:26:20,800 --> 00:26:22,640
Speaker 1: it deals with Israel. And I thought I was gonna

536
00:26:22,640 --> 00:26:24,440
Speaker 1: get to this earlier, but I don't want to miss

537
00:26:24,480 --> 00:26:28,560
Speaker 1: you knowing about this today. For everybody out there and

538
00:26:28,600 --> 00:26:30,879
Speaker 1: the media and on the left that's demanding a ceasefire.

539
00:26:31,240 --> 00:26:33,439
Speaker 2: I want you to know where we are on a ceasefire.

540
00:26:34,640 --> 00:26:39,159
Speaker 1: There is an Israeli airstrike that took place. Media not

541
00:26:39,280 --> 00:26:44,520
Speaker 1: covering this, that took out an Iranian general in Damascus.

542
00:26:44,560 --> 00:26:49,720
Speaker 1: Apparently the strike killing Muhammad, a top commander in the

543
00:26:49,760 --> 00:26:54,879
Speaker 1: Iranian Revolutionary Guard the IRGC. According to a new report

544
00:26:54,880 --> 00:26:58,880
Speaker 1: out by Reuters, citing a security source in Lebanon, this

545
00:26:58,960 --> 00:27:03,359
Speaker 1: is a massive victory for Israel because Iran and this

546
00:27:03,760 --> 00:27:05,920
Speaker 1: individual and the Iranian National Guard was the one that

547
00:27:06,040 --> 00:27:10,119
Speaker 1: was funding terrace directly. Muhammad, the top commander of the

548
00:27:10,160 --> 00:27:13,360
Speaker 1: coued force of the Iranian Revolutionary Guard, this is their

549
00:27:13,359 --> 00:27:18,120
Speaker 1: top guy for Lebanon and Syria, was assassinated in an

550
00:27:18,119 --> 00:27:22,200
Speaker 1: airstrike on Monday, along with his lieutenant and about five

551
00:27:22,280 --> 00:27:28,240
Speaker 1: other top officers. This individual is the highest ranking Iranian

552
00:27:28,400 --> 00:27:33,640
Speaker 1: killed since the current war started, even higher than another man.

553
00:27:33,680 --> 00:27:36,280
Speaker 1: You may have remembered us talking about Sayid who was

554
00:27:36,359 --> 00:27:39,960
Speaker 1: killed in December, and the Jerusalem Posts talked about that.

555
00:27:40,720 --> 00:27:45,000
Speaker 1: Reuter's reporters at the site of this area in Damascus,

556
00:27:45,040 --> 00:27:48,000
Speaker 1: they said saw emergency workers clamoring atop the rubble of

557
00:27:48,040 --> 00:27:52,040
Speaker 1: a destroyed building inside the diplomatic compound adjacent to the

558
00:27:52,080 --> 00:27:56,200
Speaker 1: main embassy building. Emergency vehicles were parked outside an Iranian

559
00:27:56,200 --> 00:27:58,920
Speaker 1: flag hung from a poll in front of the debris.

560
00:27:59,560 --> 00:28:02,440
Speaker 1: The Syria and Foreign Minister and Interior Minister were both

561
00:28:02,480 --> 00:28:06,360
Speaker 1: spotted at the scene. Initial reports indicated that at least

562
00:28:06,440 --> 00:28:09,679
Speaker 1: six people were killed in the strike, which targeted the

563
00:28:09,680 --> 00:28:13,600
Speaker 1: building adjacent to the Iranian consulate, reported to be used

564
00:28:13,640 --> 00:28:18,000
Speaker 1: as a military command center for the IRGC. Syrian state

565
00:28:18,080 --> 00:28:20,680
Speaker 1: media said at least six people were killed and several

566
00:28:20,720 --> 00:28:24,760
Speaker 1: more were injured. Those reports had not been verified by press.

567
00:28:24,840 --> 00:28:28,160
Speaker 1: That was just the reports coming out from the government there. Now,

568
00:28:28,160 --> 00:28:32,560
Speaker 1: besides his wide ranging responsibility for terror on Israel's border,

569
00:28:33,280 --> 00:28:38,360
Speaker 1: this individual was the highest level individual for Tehran to

570
00:28:38,480 --> 00:28:41,880
Speaker 1: be talking directly with Hesbelah, and we know what Hesbela

571
00:28:42,000 --> 00:28:46,760
Speaker 1: did to the innocent people in Israel. This means that

572
00:28:46,800 --> 00:28:50,200
Speaker 1: although Israel has not taken credit, by the way, for this,

573
00:28:50,600 --> 00:28:54,160
Speaker 1: Iran and Hesbla are already accusing Jerusalem of quote escalating

574
00:28:54,200 --> 00:28:59,160
Speaker 1: Israel's war against Iran's regional proxies, and they said this

575
00:28:59,240 --> 00:29:00,880
Speaker 1: could be a huge, huge blow to.

576
00:29:00,880 --> 00:29:02,160
Speaker 2: The prospect of peace.

577
00:29:02,480 --> 00:29:05,120
Speaker 1: Yeah, I'm going to believe Iran saying they want to

578
00:29:05,120 --> 00:29:05,800
Speaker 1: be peaceful.

579
00:29:05,840 --> 00:29:06,719
Speaker 2: I'll pass on that.

580
00:29:06,800 --> 00:29:10,719
Speaker 1: One Iranian press is also reporting that there was a

581
00:29:10,800 --> 00:29:13,240
Speaker 1: meeting with leaders of Palace in the Islamic Jihad at

582
00:29:13,280 --> 00:29:15,720
Speaker 1: the time of the strike, but these reports have not

583
00:29:15,800 --> 00:29:19,520
Speaker 1: been independently verified. We also know that he commanded the

584
00:29:19,520 --> 00:29:23,920
Speaker 1: Coud Forces Unit eighteen thousand, responsible among other things, for

585
00:29:24,080 --> 00:29:28,800
Speaker 1: smuggling ammunition and smuggling precision weapons into Lebanon.

586
00:29:29,360 --> 00:29:30,920
Speaker 2: He had also commanded.

587
00:29:30,440 --> 00:29:36,120
Speaker 1: The IRGC's Air Force and the Imam Hussein the Vision

588
00:29:36,440 --> 00:29:41,040
Speaker 1: in the past. Israel we also knows long targeted Iranian

589
00:29:41,040 --> 00:29:45,040
Speaker 1: military installations and those of its proxies in Syria, and

590
00:29:45,120 --> 00:29:48,840
Speaker 1: have been ramping up the strikes in the last few days.

591
00:29:49,520 --> 00:29:51,800
Speaker 1: This is a victory, by the way, for Israel. This

592
00:29:51,880 --> 00:29:55,479
Speaker 1: is a victory for freedom. This is a victory that

593
00:29:55,520 --> 00:29:58,520
Speaker 1: we should all celebrate. And I'm guessing ninety nine point

594
00:29:58,560 --> 00:30:01,040
Speaker 1: nine percent of you listening right now now did not

595
00:30:01,200 --> 00:30:03,320
Speaker 1: know this happened on Monday, because the media will not

596
00:30:03,400 --> 00:30:06,440
Speaker 1: tell you about the good that Israel is doing. And

597
00:30:06,520 --> 00:30:08,680
Speaker 1: this is good. I want to make that very very

598
00:30:08,800 --> 00:30:14,320
Speaker 1: very very clear. Okay, this is good, this is success,

599
00:30:14,960 --> 00:30:16,840
Speaker 1: This is a victory.

600
00:30:17,720 --> 00:30:18,200
Speaker 2: All right.

601
00:30:18,280 --> 00:30:21,640
Speaker 1: As always, please share our podcasts anywhere you are on

602
00:30:21,680 --> 00:30:24,240
Speaker 1: social media. It helps other people find the show. Please

603
00:30:24,240 --> 00:30:26,560
Speaker 1: write us a five star review that helps us as well,

604
00:30:26,560 --> 00:30:27,840
Speaker 1: and we'll see you back here tomorrow