1 00:00:02,720 --> 00:00:05,880 Speaker 1: Hi. This is Laura Vandercamp. I'm a mother of five, 2 00:00:06,160 --> 00:00:10,200 Speaker 1: an author, journalist, and speaker. And this is Sarah Hart Hunger. 3 00:00:10,480 --> 00:00:13,480 Speaker 1: I'm a mother of three, a practicing physician and blogger. 4 00:00:13,480 --> 00:00:15,840 Speaker 1: On the side, we are two working parents who love 5 00:00:15,840 --> 00:00:19,320 Speaker 1: our careers and our families. Welcome to best of both worlds. 6 00:00:19,600 --> 00:00:22,400 Speaker 1: Here we talk about how real women manage work, family, 7 00:00:22,560 --> 00:00:25,800 Speaker 1: and time for fun. From figuring out childcare to mapping 8 00:00:25,800 --> 00:00:28,360 Speaker 1: out long term career goals. We want you to get 9 00:00:28,400 --> 00:00:34,000 Speaker 1: the most out of life. Welcome to best of both worlds. 10 00:00:34,120 --> 00:00:37,120 Speaker 1: This is Laura. This is episode one hundred and ninety one, 11 00:00:37,159 --> 00:00:41,040 Speaker 1: which is airing in late March. Sarah will be interviewing 12 00:00:41,280 --> 00:00:43,960 Speaker 1: Daryl Fairweather. She's going to be talking about her career 13 00:00:44,000 --> 00:00:45,960 Speaker 1: in real estate, which I know a lot of our 14 00:00:46,000 --> 00:00:49,880 Speaker 1: listeners are involved in in one way, shape or form 15 00:00:49,640 --> 00:00:52,600 Speaker 1: a great career for people who are looking for something 16 00:00:52,640 --> 00:00:55,600 Speaker 1: that is never the same thing day to day. So 17 00:00:55,640 --> 00:00:59,600 Speaker 1: we're excited to hear from Daryl about that. Meanwhile, I'm 18 00:00:59,640 --> 00:01:06,640 Speaker 1: involved in real estate in the renovation version of time. 19 00:01:07,480 --> 00:01:10,920 Speaker 1: Oh my goodness, it is a going well. When this 20 00:01:11,040 --> 00:01:14,560 Speaker 1: eras we should have started, we have should have broken 21 00:01:14,560 --> 00:01:17,520 Speaker 1: ground at least start with some of the demolition, provided 22 00:01:17,560 --> 00:01:21,119 Speaker 1: everything got worked out with the Historic Commission. In our muntains, 23 00:01:21,360 --> 00:01:24,559 Speaker 1: do you know what muntons are? Sarah no. I Okay, 24 00:01:24,600 --> 00:01:26,479 Speaker 1: here's a new word for people. We're going to learn 25 00:01:26,520 --> 00:01:29,240 Speaker 1: something on best of both worlds today. M you in 26 00:01:29,959 --> 00:01:34,119 Speaker 1: ti n Those are the little wood strips in your 27 00:01:34,160 --> 00:01:39,679 Speaker 1: window that are between the panes, and they are different 28 00:01:39,800 --> 00:01:43,800 Speaker 1: wits depending on different kinds of windows. And apparently there 29 00:01:43,840 --> 00:01:47,680 Speaker 1: are some that are sort of more of historic eras 30 00:01:47,800 --> 00:01:52,160 Speaker 1: than others. And so the width on our new windows 31 00:01:52,520 --> 00:01:55,440 Speaker 1: is being taken into account of whether it matched the 32 00:01:55,480 --> 00:01:58,600 Speaker 1: width of the muntains. I think I'm saying that right, muntains, muntins. 33 00:01:58,800 --> 00:02:01,000 Speaker 1: It's like it sounds sort of like mutton like the lamb, 34 00:02:01,000 --> 00:02:06,760 Speaker 1: but it's whether they were the right with And it 35 00:02:06,840 --> 00:02:09,840 Speaker 1: turned out that some of the doors we were replacing 36 00:02:09,919 --> 00:02:13,080 Speaker 1: had thicker ones than the windows, and so when we 37 00:02:13,160 --> 00:02:15,520 Speaker 1: had put in to do them all the same as 38 00:02:15,600 --> 00:02:18,519 Speaker 1: you kind of just might do as you were ordering 39 00:02:18,560 --> 00:02:22,680 Speaker 1: all at one time, this sent up a flag of 40 00:02:22,840 --> 00:02:27,160 Speaker 1: historical accuracy. But hopefully this is all worked through at 41 00:02:27,200 --> 00:02:29,920 Speaker 1: this point so we can start on this long and 42 00:02:30,040 --> 00:02:35,200 Speaker 1: expensive project. You know, in this house, which historically dates 43 00:02:35,200 --> 00:02:38,519 Speaker 1: back to like nineteen ninety. I don't see any muntains 44 00:02:38,520 --> 00:02:41,839 Speaker 1: in this room. This must be a very regional kind 45 00:02:41,880 --> 00:02:45,760 Speaker 1: of situation. Well, your windows flat planes, like you, I 46 00:02:45,800 --> 00:02:47,840 Speaker 1: don't know, and down here, you know a lot of 47 00:02:47,840 --> 00:02:51,440 Speaker 1: people have hurricane windows which would not fit a Munton. 48 00:02:51,680 --> 00:02:55,200 Speaker 1: But I'd rather the house stay up. Yeah. Yeah, so 49 00:02:55,240 --> 00:02:57,079 Speaker 1: it's just just flat glass. I mean, what are you? 50 00:02:57,120 --> 00:03:00,840 Speaker 1: What are your looks? It's like sliding metal, you know, 51 00:03:00,919 --> 00:03:05,400 Speaker 1: there's no there's no wood, there's no wood. Yeah. Well, 52 00:03:05,400 --> 00:03:07,440 Speaker 1: we don't get a whole lot of hurricanes, so that 53 00:03:07,560 --> 00:03:09,640 Speaker 1: wasn't really fair enough in your house was a little 54 00:03:09,639 --> 00:03:13,720 Speaker 1: older than nineteen nineties. Yeah, yeah, a little. It turns 55 00:03:13,720 --> 00:03:17,400 Speaker 1: out that's going and we'll be dealing with that the 56 00:03:17,400 --> 00:03:20,000 Speaker 1: rest of the springing into summer, et cetera. I'm just 57 00:03:20,000 --> 00:03:23,520 Speaker 1: telling myself it's going to be gorgeous and wonderful when done. 58 00:03:23,680 --> 00:03:27,400 Speaker 1: So let's hope. Have you been doing any home improvement 59 00:03:27,440 --> 00:03:31,240 Speaker 1: projects on your house? Sah? Not really? Oh well, I 60 00:03:31,240 --> 00:03:33,200 Speaker 1: did do one thing, which is that I didn't even 61 00:03:33,240 --> 00:03:37,000 Speaker 1: do it. Josh did it. So I had previously all 62 00:03:37,040 --> 00:03:41,120 Speaker 1: of my free weights in a disheveled plastic crate in 63 00:03:41,160 --> 00:03:45,360 Speaker 1: a pile, and now they are in an organized, little 64 00:03:45,440 --> 00:03:47,640 Speaker 1: rack and it looks much much nice. So now they 65 00:03:47,640 --> 00:03:49,920 Speaker 1: don't all fit, so I have some of them kind 66 00:03:49,960 --> 00:03:52,360 Speaker 1: of shoved underneath. But it's like worlds better than it 67 00:03:52,400 --> 00:03:56,920 Speaker 1: was before. And as our most recent episode about toddlers 68 00:03:57,240 --> 00:03:59,240 Speaker 1: has to do with, I think part of the reason 69 00:03:59,280 --> 00:04:02,480 Speaker 1: we felt comfortable getting an actual rack is because our 70 00:04:02,560 --> 00:04:05,680 Speaker 1: kids are now smart enough not to like try to 71 00:04:05,680 --> 00:04:07,800 Speaker 1: topple it over, although they're so heavy that I don't 72 00:04:07,800 --> 00:04:10,120 Speaker 1: think they could necessarily, but it would have made me 73 00:04:10,160 --> 00:04:12,880 Speaker 1: nervous before. So yes, that has been a lovely home 74 00:04:12,880 --> 00:04:15,280 Speaker 1: improvement project. Probably cost a whole, like one hundred dollars 75 00:04:15,360 --> 00:04:19,440 Speaker 1: or something. We yeah, we don't do a lot, partly 76 00:04:19,440 --> 00:04:21,200 Speaker 1: because we don't own the house, so it doesn't feel 77 00:04:21,240 --> 00:04:24,599 Speaker 1: like I want to be investing that much in it, 78 00:04:24,760 --> 00:04:26,880 Speaker 1: not knowing how long we're going to be in it 79 00:04:27,240 --> 00:04:30,560 Speaker 1: or anything like that. But I have to admit, like, 80 00:04:30,600 --> 00:04:35,320 Speaker 1: I'm excited for this interview because I get kind of 81 00:04:35,400 --> 00:04:37,560 Speaker 1: why some people just like to hang out on Zillo 82 00:04:37,720 --> 00:04:40,960 Speaker 1: for fun. Oh yeah, it's kind of interesting, it's fun. 83 00:04:40,960 --> 00:04:44,240 Speaker 1: Oh yeah, see what the houses around you? Are listed 84 00:04:44,320 --> 00:04:47,320 Speaker 1: for and what Zilla was claiming they are worth and well, 85 00:04:47,400 --> 00:04:50,400 Speaker 1: especially right now because everything is like in so much 86 00:04:51,000 --> 00:04:53,080 Speaker 1: more flux than I've ever seen, you know, if there 87 00:04:53,160 --> 00:04:55,240 Speaker 1: used to be trends or whatever. Now it just feels 88 00:04:55,240 --> 00:04:58,039 Speaker 1: like everything's like, I don't know, imploding in different directions, 89 00:04:58,080 --> 00:05:00,200 Speaker 1: and it's just made it more interesting to me for 90 00:05:00,240 --> 00:05:02,840 Speaker 1: whatever reason. So, yeah, the real estate market around here 91 00:05:02,920 --> 00:05:06,800 Speaker 1: is fairly hot at the moment. There's a very limited 92 00:05:06,839 --> 00:05:09,640 Speaker 1: supply of houses on the market, and so it would 93 00:05:09,680 --> 00:05:11,479 Speaker 1: be an awesome time for us to sell our house. 94 00:05:11,520 --> 00:05:13,119 Speaker 1: But I am not going to sell our house until 95 00:05:13,160 --> 00:05:15,440 Speaker 1: we can move into the other one, or at least 96 00:05:15,440 --> 00:05:18,640 Speaker 1: that we're reasonably close. Like I just it seems like 97 00:05:18,640 --> 00:05:20,200 Speaker 1: it's to be so much more trouble than it is 98 00:05:20,240 --> 00:05:23,640 Speaker 1: actually worth. So we are we are holding on that 99 00:05:23,680 --> 00:05:27,320 Speaker 1: and unfortunately may miss the peak heat of the market 100 00:05:27,360 --> 00:05:29,640 Speaker 1: this spring. But I guess in life you can never 101 00:05:30,040 --> 00:05:33,599 Speaker 1: entirely well, we like fully missed out, like we sold 102 00:05:33,640 --> 00:05:35,920 Speaker 1: at like the world's worst time, and now the house 103 00:05:35,960 --> 00:05:38,080 Speaker 1: that we sold is worth like a full at least 104 00:05:38,080 --> 00:05:43,000 Speaker 1: according to Ziloh, like twenty to thirty percent more like painful, painful, 105 00:05:43,279 --> 00:05:45,320 Speaker 1: But then again could we have held onto the house 106 00:05:45,360 --> 00:05:47,200 Speaker 1: for that long? Like could my husband have taken his 107 00:05:47,279 --> 00:05:49,480 Speaker 1: new job and commuted that button? Like no, The answer 108 00:05:49,520 --> 00:05:51,680 Speaker 1: was no. So it is what it is. I've kind 109 00:05:51,680 --> 00:05:53,200 Speaker 1: of accepted it. I'm never going to win the real 110 00:05:53,320 --> 00:05:55,440 Speaker 1: estate game, or least that's how it seems, but it 111 00:05:55,560 --> 00:05:59,520 Speaker 1: is still just an interesting spectral spectacle to observe as 112 00:05:59,560 --> 00:06:02,160 Speaker 1: an outseiad. Yeah. No, we sold our apartment in Manhattan 113 00:06:02,520 --> 00:06:06,320 Speaker 1: at the absolute worst time was basically the fall of 114 00:06:06,360 --> 00:06:09,400 Speaker 1: two thousand and eight. We had wanted to move to 115 00:06:09,440 --> 00:06:11,919 Speaker 1: a bigger space so we had the kid and it 116 00:06:11,920 --> 00:06:14,600 Speaker 1: was a one bedroom apartment, like we got to have more. 117 00:06:14,640 --> 00:06:16,840 Speaker 1: He was a toddler. It was time to spread out 118 00:06:16,839 --> 00:06:20,520 Speaker 1: a little bit. But yeah, it's pretty hard to time 119 00:06:20,560 --> 00:06:22,760 Speaker 1: and sometimes you get lucky and sometimes you don't. And 120 00:06:23,080 --> 00:06:26,960 Speaker 1: we probably got a little bit of the break in 121 00:06:27,040 --> 00:06:30,760 Speaker 1: our favor on the house we purchased in terms of timing, 122 00:06:31,600 --> 00:06:35,479 Speaker 1: and so we'll take that that we were able to 123 00:06:35,480 --> 00:06:38,120 Speaker 1: buy it before the market really heated up with this 124 00:06:38,320 --> 00:06:41,200 Speaker 1: kind of post coming out of pandemic time. So you know, 125 00:06:41,320 --> 00:06:44,240 Speaker 1: you win some, you'll lose the So let's see what 126 00:06:44,360 --> 00:06:48,320 Speaker 1: our what our interviewer has our interviewee has to say, 127 00:06:48,360 --> 00:06:51,760 Speaker 1: our expert has expert has to say exactly. I am 128 00:06:51,839 --> 00:06:56,400 Speaker 1: so excited to welcome today Darryl Fairweather from redfinn. We 129 00:06:56,480 --> 00:06:59,320 Speaker 1: know that real estate and homes and all that kind 130 00:06:59,360 --> 00:07:01,640 Speaker 1: of stuff has on a lot of people's minds lately 131 00:07:01,680 --> 00:07:04,440 Speaker 1: as those things have been in flux, and so when 132 00:07:04,520 --> 00:07:07,520 Speaker 1: Daryl's friend and colleague, I believe, reached out to suggest 133 00:07:07,560 --> 00:07:11,480 Speaker 1: her as a guest, I thought that sounded fantastic. Darryl, 134 00:07:11,560 --> 00:07:13,640 Speaker 1: would you like to introduce yourself and tell everybody what 135 00:07:13,680 --> 00:07:16,640 Speaker 1: you do? Sure? Thanks for having me, Sarah. So, my 136 00:07:16,760 --> 00:07:20,200 Speaker 1: name is Daryl Fairweather. I am the chief economist at Redfin. 137 00:07:20,680 --> 00:07:23,040 Speaker 1: For those of you who don't know, Redfin is a 138 00:07:23,240 --> 00:07:27,520 Speaker 1: technology powered real estate brokerage. As the chief economist, I 139 00:07:27,560 --> 00:07:30,200 Speaker 1: study the housing market. I lead a team of economists 140 00:07:30,200 --> 00:07:33,240 Speaker 1: and we look into housing trends, whether it's how prices 141 00:07:33,280 --> 00:07:36,400 Speaker 1: are changing, how the supply of homes is changing, or 142 00:07:36,440 --> 00:07:39,640 Speaker 1: how people are moving across the country, which is really 143 00:07:39,640 --> 00:07:42,760 Speaker 1: topical right now. Yes, I feel like it's never been 144 00:07:42,760 --> 00:07:45,480 Speaker 1: a hotter topic than it's been right now now because 145 00:07:45,480 --> 00:07:47,320 Speaker 1: this is best of both worlds. And we also talk 146 00:07:47,360 --> 00:07:49,960 Speaker 1: about how work and life fit together. Can you give 147 00:07:50,040 --> 00:07:51,800 Speaker 1: us a little bit of your background in terms of 148 00:07:51,840 --> 00:07:54,240 Speaker 1: when you had kids, and I know you have a 149 00:07:54,280 --> 00:07:57,760 Speaker 1: couple of little ones at least. Yes, So I am 150 00:07:57,840 --> 00:08:00,480 Speaker 1: a mother of two. I have a boy who's about 151 00:08:00,480 --> 00:08:03,280 Speaker 1: to turn three next week and a little girl is 152 00:08:03,280 --> 00:08:07,120 Speaker 1: about to turn one in two weeks. They have similar birthdays, 153 00:08:07,760 --> 00:08:11,000 Speaker 1: so this has been a background. So I first had 154 00:08:11,080 --> 00:08:13,560 Speaker 1: kids back when I was working for Amazon. I worked 155 00:08:13,560 --> 00:08:16,640 Speaker 1: for Amazon before I work for Redfin. My husband is 156 00:08:16,680 --> 00:08:19,440 Speaker 1: a stay at home dad, which has allowed me to 157 00:08:19,960 --> 00:08:21,960 Speaker 1: have the best of both worlds in a way and 158 00:08:22,560 --> 00:08:25,920 Speaker 1: be a mom and continue to work during the pandemic. 159 00:08:26,000 --> 00:08:28,400 Speaker 1: I have my baby at the beginning of the pandemic 160 00:08:28,760 --> 00:08:32,400 Speaker 1: when on attorney leave during all of this madness, and 161 00:08:32,440 --> 00:08:35,079 Speaker 1: then came out of attorney leave and was working remotely, 162 00:08:35,520 --> 00:08:38,640 Speaker 1: and I've decided to continue working remotely full time. We 163 00:08:39,080 --> 00:08:42,000 Speaker 1: moved from Seattle, where we were originally located when I 164 00:08:42,040 --> 00:08:44,880 Speaker 1: was working for Amazon and then Redfinn, and now we're 165 00:08:44,920 --> 00:08:48,480 Speaker 1: in Wisconsin, a lot closer to my husband's family and 166 00:08:49,080 --> 00:08:51,920 Speaker 1: working remotely full time, and it's been really good so far. 167 00:08:51,960 --> 00:08:54,680 Speaker 1: I enjoy being close to the kids and getting to 168 00:08:54,679 --> 00:08:57,640 Speaker 1: spend the mornings and little breaks during the day with them. 169 00:08:57,960 --> 00:09:00,160 Speaker 1: And also we're in this really pretty lake town, so 170 00:09:00,240 --> 00:09:03,560 Speaker 1: I'm excited to raise my kids here. That is wonderful. 171 00:09:03,679 --> 00:09:07,040 Speaker 1: That sounds like a very illustrious pandemic real estate story. 172 00:09:07,200 --> 00:09:11,600 Speaker 1: So was it that you was working remotely something that 173 00:09:11,679 --> 00:09:14,280 Speaker 1: had not really been on the table beforehand? I know 174 00:09:14,320 --> 00:09:16,080 Speaker 1: that's kind of the story with a lot of companies, 175 00:09:16,160 --> 00:09:18,800 Speaker 1: is that everyone realized, hey, this works pretty well. Is 176 00:09:18,840 --> 00:09:23,000 Speaker 1: that how it played out, or it's been casually allowed. 177 00:09:23,160 --> 00:09:27,440 Speaker 1: So before the pandemic, I would work remotely maybe one 178 00:09:27,520 --> 00:09:30,160 Speaker 1: day every two weeks. When I was pregnant, I was 179 00:09:30,200 --> 00:09:32,560 Speaker 1: working remotely more often just because of the morning sickness 180 00:09:32,600 --> 00:09:34,040 Speaker 1: and it was really hard to like, you know, get 181 00:09:34,040 --> 00:09:36,079 Speaker 1: out of bed and get to the office. So when 182 00:09:36,080 --> 00:09:37,640 Speaker 1: I was pregnant, it was probably more like one day 183 00:09:37,640 --> 00:09:40,559 Speaker 1: a week every time I just woke up and went 184 00:09:40,600 --> 00:09:42,280 Speaker 1: straight to the bathroom. I would just stay at home 185 00:09:42,320 --> 00:09:45,720 Speaker 1: and said, but then the app during the pandemic, everyone's 186 00:09:45,760 --> 00:09:48,160 Speaker 1: working remotely, and yeah, we all get to try out 187 00:09:48,160 --> 00:09:52,000 Speaker 1: how it feels. So my team was already remote so 188 00:09:52,040 --> 00:09:54,480 Speaker 1: it wasn't like that big of a change for us, 189 00:09:54,679 --> 00:09:56,840 Speaker 1: but it was the first time I have been working 190 00:09:56,840 --> 00:09:59,199 Speaker 1: remotely full time, and it's been nice, especially with two 191 00:09:59,240 --> 00:10:01,480 Speaker 1: little kids. I know, for some people, like two little 192 00:10:01,520 --> 00:10:03,240 Speaker 1: kids work here remotely does not work at all, but 193 00:10:03,280 --> 00:10:06,600 Speaker 1: it works for us. Why do you think that is. 194 00:10:06,640 --> 00:10:10,080 Speaker 1: Do you think that's because it's so You're actually I 195 00:10:10,120 --> 00:10:12,440 Speaker 1: think in a little bit of an unusual guest, and 196 00:10:12,480 --> 00:10:14,200 Speaker 1: that I don't feel like we've had the stay at 197 00:10:14,200 --> 00:10:17,960 Speaker 1: home dad situation in that many we have a few 198 00:10:17,960 --> 00:10:20,880 Speaker 1: more people that rely on either family or outside childcare, 199 00:10:21,080 --> 00:10:23,520 Speaker 1: like at my house. So tell me how that evolved 200 00:10:23,559 --> 00:10:26,000 Speaker 1: and whether you think that's part of the formula that's 201 00:10:26,000 --> 00:10:29,720 Speaker 1: made it a successful transition. Yeah, I think that has 202 00:10:29,760 --> 00:10:32,840 Speaker 1: definitely helped. I mean, it hasn't been completely stress free 203 00:10:32,880 --> 00:10:35,880 Speaker 1: because before the pandemic, when I would go to work, 204 00:10:36,000 --> 00:10:38,160 Speaker 1: my husband would take the kids to like the YMCA, 205 00:10:38,320 --> 00:10:40,640 Speaker 1: or take them, you know, to play groups or things 206 00:10:40,760 --> 00:10:42,719 Speaker 1: like that, and that really hasn't been an option. So 207 00:10:42,760 --> 00:10:45,480 Speaker 1: it's still been a bit of a challenge. But we 208 00:10:45,600 --> 00:10:49,400 Speaker 1: really didn't have to stress about childcare because we already 209 00:10:49,440 --> 00:10:51,920 Speaker 1: I mean, he was already the full time caregiver, and 210 00:10:51,960 --> 00:10:54,480 Speaker 1: it was a little bit helpful that I was at 211 00:10:54,520 --> 00:10:59,319 Speaker 1: home too, especially because I was breastfeeding my baby. When 212 00:10:59,360 --> 00:11:01,800 Speaker 1: I had my friend kid. I would go to work 213 00:11:01,840 --> 00:11:03,680 Speaker 1: and I would pump, and that was just really hard 214 00:11:03,720 --> 00:11:05,800 Speaker 1: on me. I don't know how it is for other moms, 215 00:11:05,840 --> 00:11:09,719 Speaker 1: but lugging milk back and forth was really just a 216 00:11:09,800 --> 00:11:11,800 Speaker 1: pain in the butt, especially when I was traveling for 217 00:11:11,840 --> 00:11:13,840 Speaker 1: work too. So it's been really nice to be home 218 00:11:14,120 --> 00:11:15,480 Speaker 1: and to have that, and I think that's made it 219 00:11:15,480 --> 00:11:18,160 Speaker 1: easier for him too, since at least I'm still handling 220 00:11:18,160 --> 00:11:21,360 Speaker 1: the feeding. You know, it's interesting, I wonder I haven't 221 00:11:21,400 --> 00:11:24,120 Speaker 1: looked into this, but I would guess that breastfeeding rates 222 00:11:24,120 --> 00:11:26,719 Speaker 1: have increased during that I would think so too. It's 223 00:11:26,720 --> 00:11:29,720 Speaker 1: so funny because I haven't given my daughter a bottle. 224 00:11:30,000 --> 00:11:32,480 Speaker 1: I mean, she didn't really like bottles, and so by 225 00:11:32,559 --> 00:11:35,480 Speaker 1: the pandemic, I haven't gone anywhere, so she literally hasn't 226 00:11:35,520 --> 00:11:37,559 Speaker 1: had a bottle and she's about to turn one and 227 00:11:37,559 --> 00:11:39,520 Speaker 1: then I'm going to start weaning her so she'll be 228 00:11:39,600 --> 00:11:43,000 Speaker 1: bottle free. That is amazing. Yeah, for me, I found 229 00:11:43,000 --> 00:11:46,360 Speaker 1: the pumping phase the most traumatic part of motherhood, so 230 00:11:47,040 --> 00:11:49,000 Speaker 1: it's almost like, Wow, maybe I should have some more. No, 231 00:11:49,120 --> 00:11:52,240 Speaker 1: just kidding. So you're in the throes of things one 232 00:11:52,240 --> 00:11:55,600 Speaker 1: in three is really difficult. Yeah, let's pivot a little 233 00:11:55,600 --> 00:11:58,040 Speaker 1: bit and talk a bit about work. So you are 234 00:11:58,120 --> 00:12:01,360 Speaker 1: obviously in a booming sector right now, now I can imagine, 235 00:12:01,800 --> 00:12:04,760 Speaker 1: So what are I guess give me like a sense 236 00:12:04,800 --> 00:12:08,920 Speaker 1: of the top couple of trends you have seen over 237 00:12:08,960 --> 00:12:12,480 Speaker 1: the pandemic, including maybe how your own story kind of 238 00:12:12,480 --> 00:12:15,280 Speaker 1: fits with that, and I would love some Obviously you 239 00:12:15,280 --> 00:12:16,880 Speaker 1: don't have a crystal ball, but since that is part 240 00:12:16,880 --> 00:12:18,880 Speaker 1: of your job, whatever you can share about where you 241 00:12:19,120 --> 00:12:21,720 Speaker 1: see things going, I would love to know. Yeah, so 242 00:12:21,760 --> 00:12:23,440 Speaker 1: let me just back up and give like the history 243 00:12:23,559 --> 00:12:26,080 Speaker 1: of the housing market from the beginning of the pandemic 244 00:12:26,120 --> 00:12:30,000 Speaker 1: through now. So when the pandemic first hit, everybody was 245 00:12:30,080 --> 00:12:32,280 Speaker 1: just locked in their houses, right, and the real estate 246 00:12:32,320 --> 00:12:35,560 Speaker 1: market really took a big pause. Buyers stopped touring, home 247 00:12:35,640 --> 00:12:38,240 Speaker 1: sellers were pulling them off the market. But that really 248 00:12:38,240 --> 00:12:41,199 Speaker 1: didn't last too long. That lasted maybe about a month 249 00:12:41,400 --> 00:12:44,400 Speaker 1: where no one was just buying or selling homes. But 250 00:12:44,440 --> 00:12:46,960 Speaker 1: then once people were stuck at home spending more time 251 00:12:47,000 --> 00:12:50,520 Speaker 1: in their homes, demand for homes just went through the roof. 252 00:12:50,960 --> 00:12:53,880 Speaker 1: And also at the same time, mortgage rates fell to 253 00:12:53,960 --> 00:12:56,679 Speaker 1: record lows and when mortgage rates are low, it makes 254 00:12:56,679 --> 00:12:59,120 Speaker 1: it more affordable for people to finance buying a home. 255 00:12:59,320 --> 00:13:01,920 Speaker 1: So that also spurred a lot of demand for homes, 256 00:13:02,240 --> 00:13:05,000 Speaker 1: and the trends that we're seeing that have been true 257 00:13:05,040 --> 00:13:08,319 Speaker 1: throughout the pandemic is well. During the beginning of the pandemic, 258 00:13:08,320 --> 00:13:10,720 Speaker 1: people wanted to get out of the city and go 259 00:13:10,760 --> 00:13:13,680 Speaker 1: to rural areas. I mean, at the beginning of the the pandemic, 260 00:13:13,720 --> 00:13:17,719 Speaker 1: everyone was really fearful of crowds being in crowded spaces, 261 00:13:18,000 --> 00:13:19,400 Speaker 1: so a lot of people just got out of the 262 00:13:19,440 --> 00:13:23,440 Speaker 1: cities and went to rural America. That has subsided a bit, 263 00:13:23,559 --> 00:13:25,840 Speaker 1: and now people are coming back to the cities, probably 264 00:13:25,880 --> 00:13:30,400 Speaker 1: because people are more optimistic about vaccines and things reopening. 265 00:13:30,800 --> 00:13:34,400 Speaker 1: But some trends have still stayed. Wanting more space. People 266 00:13:34,480 --> 00:13:37,280 Speaker 1: want a home office because everyone's working from home, and 267 00:13:37,320 --> 00:13:40,240 Speaker 1: I think a lot of people are planning on continuing 268 00:13:40,280 --> 00:13:43,720 Speaker 1: doing that post pandemic with kids being home from school 269 00:13:43,880 --> 00:13:47,560 Speaker 1: and a lot of areas people want different like closed 270 00:13:47,600 --> 00:13:51,240 Speaker 1: off spaces within the home. So before the pandemic, open 271 00:13:51,280 --> 00:13:54,400 Speaker 1: floor pans are really popular. Now people would prefer if 272 00:13:54,400 --> 00:13:57,400 Speaker 1: there was just some privacy throughout the home. That may 273 00:13:57,440 --> 00:13:59,600 Speaker 1: go back to normal with open floor pants. I think 274 00:13:59,679 --> 00:14:01,960 Speaker 1: post pandemics people will want to probably host parties and 275 00:14:02,000 --> 00:14:04,800 Speaker 1: celebrate when things are over. People want a lot of 276 00:14:04,880 --> 00:14:09,320 Speaker 1: outdoor private space again because you know, when things being closed, 277 00:14:09,320 --> 00:14:11,840 Speaker 1: people will want to entertain in their own backyards when 278 00:14:11,880 --> 00:14:15,319 Speaker 1: they do have you know, their bubble over to the home, 279 00:14:15,480 --> 00:14:17,080 Speaker 1: or just be able to let their kids in the 280 00:14:17,160 --> 00:14:20,400 Speaker 1: yard when they're home from school, or enjoy their yard 281 00:14:20,440 --> 00:14:23,400 Speaker 1: for themselves. So big backyards have been popular, swimming pools, 282 00:14:23,520 --> 00:14:28,400 Speaker 1: things like that. Also what's been really interesting is that, 283 00:14:28,440 --> 00:14:31,040 Speaker 1: I mean, the pandemic has caused this huge recession, so 284 00:14:31,080 --> 00:14:32,880 Speaker 1: there are a lot of people who haven't been able 285 00:14:32,920 --> 00:14:35,520 Speaker 1: to afford homes at all. But the people who are 286 00:14:35,560 --> 00:14:38,640 Speaker 1: able to afford homes are really affluent. So there's been 287 00:14:38,640 --> 00:14:41,880 Speaker 1: a big surge in demand for luxury homes and for 288 00:14:41,960 --> 00:14:46,600 Speaker 1: second homes. So it's definitely not been an even increase 289 00:14:46,600 --> 00:14:48,920 Speaker 1: in demand. It's you know, higher earners who are out 290 00:14:48,960 --> 00:14:52,280 Speaker 1: there buying their next home or a second home. This 291 00:14:52,320 --> 00:14:54,960 Speaker 1: is so interesting, and I want in one second after 292 00:14:55,000 --> 00:14:56,960 Speaker 1: we take our break, I want to talk about how 293 00:14:56,960 --> 00:14:59,760 Speaker 1: sustainable that is because I'm sort of I'm like, wow, 294 00:14:59,800 --> 00:15:02,080 Speaker 1: that's sounds great for right now, but we're going to 295 00:15:02,120 --> 00:15:17,200 Speaker 1: take a two minute break. We'll be right back. Okay, 296 00:15:17,240 --> 00:15:19,880 Speaker 1: we were back, and Daryl had just discussed kind of 297 00:15:19,920 --> 00:15:22,480 Speaker 1: all these changes that have happened. People are wanting more space, 298 00:15:22,600 --> 00:15:25,880 Speaker 1: more outdoors, maybe a little bit more closed closure within 299 00:15:25,920 --> 00:15:27,920 Speaker 1: their home, but we don't know how long that's going 300 00:15:27,960 --> 00:15:31,720 Speaker 1: to last. She mentioned that the affluent are the ones 301 00:15:31,760 --> 00:15:34,600 Speaker 1: carrying some of this trend. I wonder if some of 302 00:15:34,600 --> 00:15:36,320 Speaker 1: it is, like all that money that people were not 303 00:15:36,400 --> 00:15:39,000 Speaker 1: spending on experiences in travel is now just building up 304 00:15:39,040 --> 00:15:41,120 Speaker 1: and people think they're more flush with cash than they 305 00:15:41,160 --> 00:15:46,360 Speaker 1: normally would be. Is this sustainable, because I'm curious what 306 00:15:46,400 --> 00:15:50,320 Speaker 1: you think. The way the housing market is is not sustainable. 307 00:15:50,360 --> 00:15:53,480 Speaker 1: So home prices are aroup seventeen percent year every year, 308 00:15:53,560 --> 00:15:56,600 Speaker 1: which is a really high number. In a normal year, 309 00:15:56,680 --> 00:15:59,280 Speaker 1: it's more like five or six percent. Even in that 310 00:15:59,760 --> 00:16:02,080 Speaker 1: in what we would consider a hot year previously, like 311 00:16:02,120 --> 00:16:04,720 Speaker 1: seven percent would be really strong price growth, So seventeen 312 00:16:04,800 --> 00:16:09,280 Speaker 1: percent is just unheard of. I think what you talked 313 00:16:09,280 --> 00:16:11,800 Speaker 1: about is true that people don't have the ability to 314 00:16:11,840 --> 00:16:15,840 Speaker 1: spend money on vacations or going out to restaurants, and 315 00:16:15,880 --> 00:16:18,080 Speaker 1: so instead people are putting money into their homes, whether 316 00:16:18,080 --> 00:16:20,560 Speaker 1: it's buying a new home or renovating their current home. 317 00:16:22,080 --> 00:16:25,280 Speaker 1: It's really nearly possible to get a contractor out if 318 00:16:25,280 --> 00:16:27,320 Speaker 1: you try to do renovations. I'm sure you're familiar with this, 319 00:16:27,880 --> 00:16:31,200 Speaker 1: but a contractor like won't return your call unless it's 320 00:16:31,360 --> 00:16:33,520 Speaker 1: really a big project and it's worth the money. So 321 00:16:33,560 --> 00:16:36,120 Speaker 1: a lot of people are doing more do it yourself projects, 322 00:16:36,160 --> 00:16:39,280 Speaker 1: especially because they have more time. I think that post 323 00:16:39,360 --> 00:16:43,640 Speaker 1: pandemic things will settle down. It's not like home prices 324 00:16:43,640 --> 00:16:45,120 Speaker 1: are going to fall, So I don't want to give 325 00:16:45,160 --> 00:16:48,360 Speaker 1: people the advice of just wait until next year to 326 00:16:48,360 --> 00:16:50,960 Speaker 1: buy a home, because it probably will be more expensive. 327 00:16:50,960 --> 00:16:53,400 Speaker 1: Next year. Mortgage rates will probably go back up and 328 00:16:53,480 --> 00:16:56,480 Speaker 1: home prices will continue to increase, just not increase at 329 00:16:56,520 --> 00:16:59,840 Speaker 1: this really really fast pace. But that's one of the 330 00:17:00,040 --> 00:17:01,920 Speaker 1: since that everybody's rushing to buy a home right now 331 00:17:02,120 --> 00:17:05,159 Speaker 1: is to take advantage of low mortgage rates and just 332 00:17:05,240 --> 00:17:10,520 Speaker 1: get home before prices go up even more. Wow. So 333 00:17:10,680 --> 00:17:14,520 Speaker 1: I'm gonna pivot a little bit and ask about something 334 00:17:14,560 --> 00:17:17,800 Speaker 1: that is not all that popular that I myself we 335 00:17:17,840 --> 00:17:21,359 Speaker 1: are an outlier for. So we're too physician household, we 336 00:17:21,440 --> 00:17:26,920 Speaker 1: have decent, very steady incomes, and we're renters. This came 337 00:17:26,960 --> 00:17:31,040 Speaker 1: about in part because we've had two houses and both 338 00:17:31,080 --> 00:17:34,000 Speaker 1: times we ended up not doing very well when we 339 00:17:34,040 --> 00:17:36,480 Speaker 1: had to turn them over, and both times when we 340 00:17:36,520 --> 00:17:37,840 Speaker 1: did have to turn them over, it was because of 341 00:17:37,880 --> 00:17:39,240 Speaker 1: kind of a job switch, so it wasn't like the 342 00:17:39,240 --> 00:17:42,520 Speaker 1: timing was entirely up to us. And unlike some professions, 343 00:17:42,560 --> 00:17:46,240 Speaker 1: you know, remote work is not really an option for us. 344 00:17:46,240 --> 00:17:48,000 Speaker 1: And in fact, my husband can't be too far from 345 00:17:48,040 --> 00:17:49,800 Speaker 1: the hospital because he's a surgeon that has to rush 346 00:17:49,840 --> 00:17:52,320 Speaker 1: in the middle of the night. So we rent. But 347 00:17:52,400 --> 00:17:58,520 Speaker 1: we're weird how how well whenever I I mean, I 348 00:17:58,560 --> 00:18:02,160 Speaker 1: don't have basically any colleagues unless somebody has just moved 349 00:18:02,160 --> 00:18:04,879 Speaker 1: to an area that plans on doing that. And we 350 00:18:04,960 --> 00:18:07,800 Speaker 1: rent well below our means, so that it's not like 351 00:18:07,840 --> 00:18:10,040 Speaker 1: we feel like we're throwing that much money away, because 352 00:18:10,080 --> 00:18:13,320 Speaker 1: really it's just not that huge of a percentage. Are 353 00:18:13,320 --> 00:18:16,080 Speaker 1: you see what is happening with renting? Who do you 354 00:18:16,080 --> 00:18:19,040 Speaker 1: think would benefit from renting? Are there some people that 355 00:18:19,080 --> 00:18:21,840 Speaker 1: you think are jumping in and buying out of what 356 00:18:22,000 --> 00:18:24,840 Speaker 1: the factors that you mentioned it might be better off. 357 00:18:25,240 --> 00:18:30,359 Speaker 1: Not yet yeah, so I would recommend home ownership to everyone. 358 00:18:30,440 --> 00:18:32,720 Speaker 1: I think that there are certain scenarios where it makes 359 00:18:32,760 --> 00:18:35,879 Speaker 1: sense to own instead of rent. So here are the 360 00:18:35,880 --> 00:18:37,960 Speaker 1: basic rules of them. I think for determining whether you 361 00:18:38,000 --> 00:18:40,119 Speaker 1: should own or rent, if you plan on staying in 362 00:18:40,119 --> 00:18:42,399 Speaker 1: the same place for more than five years, you're probably 363 00:18:42,480 --> 00:18:45,640 Speaker 1: going to be better off owning versus renting because you'll 364 00:18:45,680 --> 00:18:48,840 Speaker 1: save money over time instead of paying for rent. And 365 00:18:48,880 --> 00:18:50,720 Speaker 1: if you want to see what it's like in your 366 00:18:50,760 --> 00:18:53,399 Speaker 1: current area, because it does vary from married area, the 367 00:18:53,400 --> 00:18:55,680 Speaker 1: New York Times is a really good rent versus own 368 00:18:55,720 --> 00:18:58,760 Speaker 1: calculator that you should go look at. That's one reason. 369 00:18:59,080 --> 00:19:01,960 Speaker 1: Another reason would be that if you want to do 370 00:19:02,240 --> 00:19:05,120 Speaker 1: modifications to your home but you can't do all renting, 371 00:19:05,440 --> 00:19:07,879 Speaker 1: then owning is a good option. If you have a 372 00:19:07,960 --> 00:19:11,760 Speaker 1: unique preference for a kitchen, or you know, you want 373 00:19:11,800 --> 00:19:14,560 Speaker 1: to remodel your bathroom, things like that, you can only 374 00:19:14,600 --> 00:19:17,480 Speaker 1: really do that if you're owning. Another reason to own 375 00:19:17,920 --> 00:19:21,439 Speaker 1: versus rent would be that you like taking care of 376 00:19:21,480 --> 00:19:24,919 Speaker 1: your home, so when you're renting, you may not be 377 00:19:24,960 --> 00:19:28,040 Speaker 1: the one who's mowing your lawn or you know, fixing 378 00:19:28,119 --> 00:19:30,520 Speaker 1: up the house, painting it. Things like that, but you 379 00:19:30,560 --> 00:19:33,840 Speaker 1: are indirectly paying for it. Somebody's doing that, your landlord's 380 00:19:33,840 --> 00:19:36,159 Speaker 1: going to be doing it. If you would rather just 381 00:19:36,200 --> 00:19:38,719 Speaker 1: do that kind of stuff yourself and then pocket the money, 382 00:19:38,840 --> 00:19:42,679 Speaker 1: then owning gives you that opportunity. And then what's another 383 00:19:42,720 --> 00:19:47,119 Speaker 1: reason to own versus rent if you have trouble putting 384 00:19:47,119 --> 00:19:50,040 Speaker 1: aside money for your savings. So a lot of people 385 00:19:50,080 --> 00:19:52,240 Speaker 1: think of home ownership as a really great opportunity to 386 00:19:52,240 --> 00:19:54,720 Speaker 1: build wealth, and it is. That's definitely true, but it's 387 00:19:54,760 --> 00:19:57,960 Speaker 1: not the only way to build wealth. You could, for example, 388 00:19:58,040 --> 00:20:01,480 Speaker 1: rent and then set aside a couple hundred dollars every 389 00:20:01,600 --> 00:20:05,520 Speaker 1: month towards a savings account or put it into the 390 00:20:05,560 --> 00:20:09,680 Speaker 1: stock market, and the stock market historically, over time, does 391 00:20:09,800 --> 00:20:12,640 Speaker 1: have better returns on the housing market. Usually a stock 392 00:20:12,680 --> 00:20:15,960 Speaker 1: market goes up about nine percent on average if you 393 00:20:16,040 --> 00:20:18,600 Speaker 1: stay in the stock market for like thirty years. The 394 00:20:18,600 --> 00:20:22,159 Speaker 1: housing market is closer to five percent. It depends on 395 00:20:22,200 --> 00:20:26,080 Speaker 1: the year, but that's historically what we see. So you 396 00:20:26,119 --> 00:20:29,760 Speaker 1: can actually earn more returns in the stock market, but 397 00:20:29,800 --> 00:20:31,879 Speaker 1: it is a bit riskier and you really have to 398 00:20:31,880 --> 00:20:33,720 Speaker 1: stay in it for a long time for that risk 399 00:20:33,760 --> 00:20:36,280 Speaker 1: to even out. But it's a perfectly reasonable way to 400 00:20:36,280 --> 00:20:38,240 Speaker 1: build wealth. You don't have to necessarily build wealth in 401 00:20:38,280 --> 00:20:41,600 Speaker 1: your home, but I think it's a good way for 402 00:20:41,640 --> 00:20:44,400 Speaker 1: people to do it who wouldn't think to do it otherwise. 403 00:20:45,240 --> 00:20:47,680 Speaker 1: And I think in our case, it's it's that five 404 00:20:47,760 --> 00:20:49,680 Speaker 1: year part that is the key to it. Well, it's two, 405 00:20:49,680 --> 00:20:51,680 Speaker 1: it's two of those things. It's the five year thing. 406 00:20:51,760 --> 00:20:54,600 Speaker 1: And I think people do have to be a little 407 00:20:55,840 --> 00:20:59,720 Speaker 1: more thoughtful about whether you really like, you know, you 408 00:20:59,720 --> 00:21:01,359 Speaker 1: take new job, how do you know that you would 409 00:21:01,359 --> 00:21:03,320 Speaker 1: want to be there five years like that You might 410 00:21:03,400 --> 00:21:06,200 Speaker 1: think so, but like really like so, I think that's 411 00:21:06,200 --> 00:21:08,880 Speaker 1: really interesting. My first time that I bought, I ended 412 00:21:08,960 --> 00:21:10,960 Speaker 1: up taking a new job. One year after I bought 413 00:21:11,000 --> 00:21:14,080 Speaker 1: my home sold it. I lost a little bit of money. Luckily, 414 00:21:14,119 --> 00:21:16,040 Speaker 1: I like made it up in terms of the job 415 00:21:16,080 --> 00:21:18,399 Speaker 1: being a better opportunity. So you kind of have to 416 00:21:18,400 --> 00:21:21,520 Speaker 1: weigh the whole big picture. Sometimes you might lose money 417 00:21:21,560 --> 00:21:23,840 Speaker 1: on selling a home, but if it's for an opportunity 418 00:21:24,000 --> 00:21:26,600 Speaker 1: that is good for you, then you know you're a 419 00:21:26,640 --> 00:21:30,439 Speaker 1: net winner. So yeah, it can be tough to predict 420 00:21:30,440 --> 00:21:33,200 Speaker 1: the future, but you got to, I guess, make a guess. 421 00:21:34,000 --> 00:21:36,879 Speaker 1: All right, here's another future predicting question, and this is 422 00:21:36,920 --> 00:21:39,640 Speaker 1: going to apply more to people in certain areas than others. 423 00:21:40,040 --> 00:21:44,480 Speaker 1: I'm in South Florida. Climate change and uncertainty about flooding 424 00:21:44,520 --> 00:21:46,639 Speaker 1: we were previously in Miami Beach was part of our 425 00:21:46,680 --> 00:21:49,040 Speaker 1: decision to decide to rent. I think I would feel 426 00:21:49,119 --> 00:21:51,399 Speaker 1: more comfortable buying in an area that I felt was 427 00:21:51,480 --> 00:21:55,800 Speaker 1: less environmentally at risk. Is that something that you see 428 00:21:55,920 --> 00:21:59,600 Speaker 1: becoming more salient in people's decision making? Was that part 429 00:21:59,600 --> 00:22:02,680 Speaker 1: of your choice to move to Wisconsin? Like I think about, like, oh, 430 00:22:02,680 --> 00:22:04,800 Speaker 1: I want real estate in Vermont, Wisconsin, like all these 431 00:22:04,800 --> 00:22:08,480 Speaker 1: places that like might actually get nicer with climate change. Yeah, 432 00:22:08,480 --> 00:22:11,919 Speaker 1: that's actually part of my story too, is that? So 433 00:22:12,080 --> 00:22:14,639 Speaker 1: when we left Seattle, one of the reasons we left 434 00:22:14,720 --> 00:22:17,560 Speaker 1: was because there was this really big forest fire that 435 00:22:17,680 --> 00:22:20,879 Speaker 1: caused smoke in Seattle. And this has been happening. I 436 00:22:20,960 --> 00:22:22,800 Speaker 1: lived in Seattle for four years, and three out of 437 00:22:22,800 --> 00:22:26,040 Speaker 1: the four summers I lived there, we had smoke so 438 00:22:26,160 --> 00:22:28,280 Speaker 1: bad that you couldn't even go outside and breathe the air, 439 00:22:28,400 --> 00:22:30,240 Speaker 1: and it would last for like two weeks at a time. 440 00:22:30,520 --> 00:22:32,959 Speaker 1: So we saw this coming in Seattle, we decided to 441 00:22:33,000 --> 00:22:34,960 Speaker 1: just like take a road trip and go visit my 442 00:22:35,040 --> 00:22:37,560 Speaker 1: husband's in laws and Wisconsin, and then once we got here, 443 00:22:37,560 --> 00:22:39,760 Speaker 1: we were like, well, this is actually pretty nice, maybe 444 00:22:39,800 --> 00:22:42,400 Speaker 1: we should stay. So that was the impetus for us. 445 00:22:42,480 --> 00:22:45,159 Speaker 1: Even considering Wisconsin in the first place was just like 446 00:22:45,400 --> 00:22:47,640 Speaker 1: trying to get away from the forest fires. And those 447 00:22:47,640 --> 00:22:49,960 Speaker 1: forest fires were really bad. They hit the entire west 448 00:22:50,000 --> 00:22:52,639 Speaker 1: coast and there was like nowhere you could go to 449 00:22:52,880 --> 00:22:56,399 Speaker 1: escape it without driving, you know, across the country. So 450 00:22:56,440 --> 00:22:58,640 Speaker 1: that was a factor for me. I don't know if 451 00:22:58,680 --> 00:23:00,760 Speaker 1: I'm I think I might be, but unique in that 452 00:23:00,840 --> 00:23:05,320 Speaker 1: I think it takes people multiple times to really feel 453 00:23:05,920 --> 00:23:07,399 Speaker 1: this isn't going to change. At least that's how it 454 00:23:07,440 --> 00:23:09,160 Speaker 1: was for me, Like it took three out of four 455 00:23:09,200 --> 00:23:10,800 Speaker 1: summers living in there to be like this, this is 456 00:23:10,840 --> 00:23:13,520 Speaker 1: really how I want to be living every single year. 457 00:23:14,040 --> 00:23:16,040 Speaker 1: And I think that's probably I think it varies from 458 00:23:16,080 --> 00:23:18,240 Speaker 1: area to area because people in Florida are probably used 459 00:23:18,240 --> 00:23:21,400 Speaker 1: to some flooding, used to hurricanes obviously, but I think 460 00:23:21,400 --> 00:23:24,639 Speaker 1: it's going to take it being more extreme to the 461 00:23:24,640 --> 00:23:27,359 Speaker 1: point that people decide to pack up and leave, and 462 00:23:27,400 --> 00:23:31,080 Speaker 1: it's not going to happen gradually. I think it'll happen 463 00:23:31,160 --> 00:23:33,359 Speaker 1: kind of all at once. That's how it happened in 464 00:23:33,400 --> 00:23:35,760 Speaker 1: the last four in the last housing crisis, what was 465 00:23:35,760 --> 00:23:37,719 Speaker 1: that home values kept going up and up until one 466 00:23:37,760 --> 00:23:39,800 Speaker 1: day they just like dropped, and they dropped, you know, 467 00:23:39,960 --> 00:23:42,520 Speaker 1: very dramatically. So I think that's probably going to be 468 00:23:42,520 --> 00:23:47,040 Speaker 1: what happens with climate change home values. Renting is a 469 00:23:47,080 --> 00:23:50,520 Speaker 1: way to protect yourself against that. I've been looking into 470 00:23:50,640 --> 00:23:55,439 Speaker 1: rents versus home prices in Florida, and it seems like 471 00:23:55,880 --> 00:23:59,080 Speaker 1: rents are going up faster than home prices. So I 472 00:23:59,080 --> 00:24:01,359 Speaker 1: think this might be a sum that people are a 473 00:24:01,400 --> 00:24:04,280 Speaker 1: little bit wary of owning in Florida, but have to 474 00:24:04,280 --> 00:24:06,920 Speaker 1: look into that more. It's just a hypothesis that I have. 475 00:24:07,400 --> 00:24:09,840 Speaker 1: So yeah, it'll be really interesting to see what happens. 476 00:24:09,920 --> 00:24:13,040 Speaker 1: I think. I think it's hard for people buying a 477 00:24:13,080 --> 00:24:14,760 Speaker 1: home because if they look at like the rent to 478 00:24:14,960 --> 00:24:18,000 Speaker 1: own equation in Florida, at the surface, it might seem 479 00:24:18,000 --> 00:24:20,080 Speaker 1: like owning is a really good deal, but you have 480 00:24:20,119 --> 00:24:22,480 Speaker 1: to question, like, why is that a good deal and 481 00:24:22,720 --> 00:24:25,920 Speaker 1: is it a really good long term investment if climate 482 00:24:26,000 --> 00:24:28,879 Speaker 1: change starts to degrade the value of the home. And 483 00:24:29,000 --> 00:24:31,600 Speaker 1: something that people sometimes fail to put into the equation 484 00:24:31,760 --> 00:24:34,119 Speaker 1: is that actually, wind insurance if you're on the coast 485 00:24:34,119 --> 00:24:39,679 Speaker 1: in Florida can be otherworldly expensive and it's something that 486 00:24:39,720 --> 00:24:42,320 Speaker 1: nobody actually really mentions during the buying process and then 487 00:24:42,359 --> 00:24:45,119 Speaker 1: you're like, wow, oh crap, I have to pay another 488 00:24:45,160 --> 00:24:47,800 Speaker 1: fifteen thousand dollars a year like that. I wasn't planning on. 489 00:24:47,960 --> 00:24:50,040 Speaker 1: Like it can be significant. It depends how close you 490 00:24:50,119 --> 00:24:53,040 Speaker 1: are to the coast. So insurance is probably gonna be 491 00:24:53,080 --> 00:24:55,000 Speaker 1: where a lot of this comes up first. Like on 492 00:24:55,080 --> 00:24:57,720 Speaker 1: the West Coast, fire insurance premiums are going up. I 493 00:24:57,720 --> 00:24:59,800 Speaker 1: hadn't heard of wind insurance. I should definitely check that 494 00:24:59,800 --> 00:25:02,680 Speaker 1: out out. And then the flood and insurance is yeah, 495 00:25:03,000 --> 00:25:05,600 Speaker 1: for us, the flood insurance there's a little bit of 496 00:25:05,600 --> 00:25:08,479 Speaker 1: government regulation. I guess it's like through FEMA, so it 497 00:25:08,560 --> 00:25:12,199 Speaker 1: never became crazy. But the wind insurance is private, and 498 00:25:12,280 --> 00:25:14,640 Speaker 1: it's some homes actually get to a point where they 499 00:25:15,160 --> 00:25:18,359 Speaker 1: cannot like that, you can't even find a policy basically, 500 00:25:18,520 --> 00:25:21,760 Speaker 1: and they just so yes that that can become a 501 00:25:21,800 --> 00:25:25,520 Speaker 1: factor in certain areas, and I'm sure it really varies 502 00:25:25,560 --> 00:25:27,480 Speaker 1: because some areas of the country are going to be 503 00:25:27,480 --> 00:25:33,000 Speaker 1: more at risk to change predict too, because everywhere it's 504 00:25:33,040 --> 00:25:36,160 Speaker 1: going to be somewhat affected. And like we know Florida, 505 00:25:36,200 --> 00:25:38,240 Speaker 1: for example, is going to have sea level rise, but 506 00:25:38,560 --> 00:25:40,840 Speaker 1: in other parts of the country it might be coming 507 00:25:40,880 --> 00:25:44,280 Speaker 1: up in unexpected ways, like more flooding or droughts or 508 00:25:44,320 --> 00:25:46,720 Speaker 1: more rainfall. So I think it's really hard to predict, 509 00:25:46,720 --> 00:25:48,520 Speaker 1: like where you're going to be safe. There's probably nowhere 510 00:25:48,520 --> 00:25:51,520 Speaker 1: where you're completely safe. There's going to be some changes everywhere. 511 00:25:52,080 --> 00:25:54,160 Speaker 1: So do you think you'll be staying in Wisconsin for 512 00:25:54,400 --> 00:25:57,640 Speaker 1: like the foreseeable future? Yeah, I hope. So, I mean 513 00:25:58,040 --> 00:26:00,520 Speaker 1: I say that every time I move like I'm not again, 514 00:26:00,640 --> 00:26:03,720 Speaker 1: and then we end up moving. But I am operating 515 00:26:03,760 --> 00:26:06,160 Speaker 1: as if we're going to stay here for the long term. 516 00:26:06,840 --> 00:26:09,240 Speaker 1: That's awesome, all right. To have one more moving question 517 00:26:09,359 --> 00:26:12,040 Speaker 1: for you, which is like any specific tips for moving 518 00:26:12,080 --> 00:26:14,159 Speaker 1: with kids. I know it can be very daunting. And 519 00:26:14,240 --> 00:26:16,280 Speaker 1: it sounds like you made your last move when you 520 00:26:16,320 --> 00:26:21,760 Speaker 1: had really young children, so getting settled, preparing the kids themselves, 521 00:26:22,320 --> 00:26:24,199 Speaker 1: what did you learn in the last iteration of your 522 00:26:24,240 --> 00:26:28,640 Speaker 1: process or what have you seen as trends professionally? Yeah, so, well, 523 00:26:28,640 --> 00:26:31,800 Speaker 1: my kids are young enough that they weren't really aware 524 00:26:31,840 --> 00:26:33,840 Speaker 1: of what was happening or just thought it was a 525 00:26:33,840 --> 00:26:36,520 Speaker 1: fun adventure. We did a road trip, which made it. 526 00:26:36,600 --> 00:26:38,399 Speaker 1: I mean it was just because of the pandemic that 527 00:26:38,400 --> 00:26:39,919 Speaker 1: we did it a road trip. We had blown with 528 00:26:39,920 --> 00:26:42,119 Speaker 1: the kids before, but when we did the road trip, 529 00:26:42,200 --> 00:26:44,440 Speaker 1: one thing we did was just like have short days, 530 00:26:44,640 --> 00:26:48,160 Speaker 1: stop at parks along the way to give them a breather. Yeah, 531 00:26:48,160 --> 00:26:50,760 Speaker 1: and just kind of make it like like a fun thing, 532 00:26:50,800 --> 00:26:53,119 Speaker 1: like we're going on vacation or something, instead of moving. 533 00:26:53,920 --> 00:26:56,840 Speaker 1: I one thing that usually happens during normal times is 534 00:26:56,840 --> 00:26:59,040 Speaker 1: that people tend to move during the summer when kids 535 00:26:59,040 --> 00:27:01,840 Speaker 1: are out of school, so that it's not like disrupting 536 00:27:01,880 --> 00:27:04,880 Speaker 1: their school patterns. During the pandemic, that hasn't been the case. 537 00:27:04,880 --> 00:27:08,600 Speaker 1: We've been buying homes and moving all year round because 538 00:27:08,640 --> 00:27:11,359 Speaker 1: of remote schooling hasn't just been you don't have to 539 00:27:11,359 --> 00:27:13,640 Speaker 1: play your kids out of school to do it. Yeah. 540 00:27:13,640 --> 00:27:16,280 Speaker 1: I would recommend setting up the new rooms kind of 541 00:27:16,280 --> 00:27:18,159 Speaker 1: similar to the way the old rooms are set up 542 00:27:18,200 --> 00:27:21,359 Speaker 1: so it feels still familiar, Yeah, and letting your kids 543 00:27:21,480 --> 00:27:24,040 Speaker 1: have like something familiar when they're traveling. I think that 544 00:27:24,160 --> 00:27:28,600 Speaker 1: helps to just not make it so jarring of a situation. No, 545 00:27:28,760 --> 00:27:31,239 Speaker 1: that makes sense, and I guess emphasizing you got to 546 00:27:31,280 --> 00:27:33,080 Speaker 1: bring them near family, so I'm sure that was a 547 00:27:33,160 --> 00:27:34,639 Speaker 1: huge jow. I was like, oh, you get to be 548 00:27:34,720 --> 00:27:37,240 Speaker 1: near Well, they were young, but still that part's exciting. 549 00:27:37,480 --> 00:27:39,760 Speaker 1: My kids love new playgrounds, so I feel like that 550 00:27:39,920 --> 00:27:41,600 Speaker 1: was what's sold them, is just getting to kind of 551 00:27:41,600 --> 00:27:46,679 Speaker 1: new playgrounds. That is awesome. Well, we always wrap up 552 00:27:46,680 --> 00:27:49,320 Speaker 1: by sharing a love of a week every week on 553 00:27:49,359 --> 00:27:53,080 Speaker 1: our podcast, So do you have one ready or do 554 00:27:53,119 --> 00:27:55,600 Speaker 1: you want me to go ahead and start. I want 555 00:27:55,600 --> 00:27:57,320 Speaker 1: to hear yours first. Let me hear where you got, 556 00:27:58,720 --> 00:28:03,440 Speaker 1: all right, I guess I will start with grocery delivery 557 00:28:03,800 --> 00:28:07,440 Speaker 1: because this is something I didn't used to do, and 558 00:28:07,640 --> 00:28:10,359 Speaker 1: somehow mid pandemic, I swished and I was going to 559 00:28:10,359 --> 00:28:12,679 Speaker 1: the grocery store during the pandemic. I was just wearing 560 00:28:12,680 --> 00:28:14,640 Speaker 1: my mask and whatever. But then one week I think 561 00:28:14,640 --> 00:28:16,159 Speaker 1: my husband was working, I was like, I'm going to 562 00:28:16,240 --> 00:28:18,720 Speaker 1: try delivery, and oh my god, I don't know that 563 00:28:18,760 --> 00:28:22,840 Speaker 1: I'll ever go back. It is just so amazing to 564 00:28:22,880 --> 00:28:24,600 Speaker 1: be able to just click, click, click and have it 565 00:28:24,640 --> 00:28:26,280 Speaker 1: brought to you, and it seems like more and more 566 00:28:26,320 --> 00:28:28,440 Speaker 1: stores are doing that. And of course pick up is 567 00:28:28,440 --> 00:28:30,760 Speaker 1: another option as well, but we currently do the Whole 568 00:28:30,760 --> 00:28:34,880 Speaker 1: Foods Amazon Prime type. But obviously there are many iterations, 569 00:28:34,920 --> 00:28:38,400 Speaker 1: but I'm a big fan. That sounds great. I should 570 00:28:38,440 --> 00:28:40,760 Speaker 1: do that more often. That kind of reminds me. I think. 571 00:28:40,760 --> 00:28:43,600 Speaker 1: The one thing that I've loved during the pandemic is 572 00:28:43,960 --> 00:28:45,560 Speaker 1: since I haven't been able to travel, one of my 573 00:28:45,600 --> 00:28:48,400 Speaker 1: favorite parts of traveling is eating exotic foods that I 574 00:28:48,520 --> 00:28:51,320 Speaker 1: normally won't try. So one way I've been doing that 575 00:28:51,440 --> 00:28:55,720 Speaker 1: during the pandemic is just ordering exotic sauces from around 576 00:28:55,720 --> 00:28:58,920 Speaker 1: the world I never would have tried before. So I 577 00:28:58,960 --> 00:29:01,680 Speaker 1: got this one sauce from Ghana. I hope I'm pronouncing 578 00:29:01,720 --> 00:29:05,000 Speaker 1: it right. It's called shito and it's like this shrimp 579 00:29:05,120 --> 00:29:08,320 Speaker 1: paste spicy sauce. And then I tried this other sauce 580 00:29:08,320 --> 00:29:11,760 Speaker 1: from southern Mexico called salsa macha. And I've just been 581 00:29:11,840 --> 00:29:14,720 Speaker 1: like googling different food blogs and trying to figure out 582 00:29:14,760 --> 00:29:17,719 Speaker 1: different things to try and then just getting them shipped 583 00:29:17,760 --> 00:29:21,040 Speaker 1: from these different retailers. So I can, you know, feel 584 00:29:21,040 --> 00:29:25,000 Speaker 1: like I'm still getting that exotic experience even without traveling. 585 00:29:25,800 --> 00:29:28,000 Speaker 1: That is so much fun. I love that. I like 586 00:29:28,080 --> 00:29:30,200 Speaker 1: that idea. It's like you could pick a region of 587 00:29:30,440 --> 00:29:32,360 Speaker 1: the month or something, and then you could make multiple 588 00:29:32,360 --> 00:29:36,440 Speaker 1: dishes using any given sauce. Very very cool. I love that. Well. 589 00:29:36,440 --> 00:29:38,640 Speaker 1: Where can our listeners find you, or if you are 590 00:29:38,640 --> 00:29:41,240 Speaker 1: you out there in the Twitter h or Instagram world, 591 00:29:41,400 --> 00:29:43,760 Speaker 1: or where can they find you? You can follow me 592 00:29:43,880 --> 00:29:48,640 Speaker 1: on Twitter It's at fair Weather PhD. And if you 593 00:29:48,680 --> 00:29:51,440 Speaker 1: are more interested in like these housing market trends, you 594 00:29:51,480 --> 00:29:54,600 Speaker 1: can go to the redfin News website. Just google Redfin 595 00:29:54,680 --> 00:29:57,320 Speaker 1: News and all of the reports that my team produces 596 00:29:57,320 --> 00:29:59,280 Speaker 1: are on that website and you can see how home 597 00:29:59,360 --> 00:30:02,480 Speaker 1: prices are chained or how migration patterns are changing different 598 00:30:02,480 --> 00:30:06,000 Speaker 1: housing trends. How cool that that's publicly available data. I 599 00:30:06,080 --> 00:30:09,400 Speaker 1: love that. Well, thank you so much for joining us. 600 00:30:10,080 --> 00:30:12,720 Speaker 1: We will, as always share everything in the show notes 601 00:30:12,760 --> 00:30:14,640 Speaker 1: and I hope you have a wonderful day at work. 602 00:30:15,080 --> 00:30:19,320 Speaker 1: Thank you you too. Well, that was great, and now 603 00:30:19,400 --> 00:30:23,880 Speaker 1: we go to our question section. So this is a 604 00:30:23,920 --> 00:30:27,600 Speaker 1: common question. We get a version of this, which is 605 00:30:27,960 --> 00:30:31,440 Speaker 1: what to do with your childcare situation as your kids 606 00:30:31,560 --> 00:30:34,800 Speaker 1: start to get a little bit older. So our listener 607 00:30:34,840 --> 00:30:36,800 Speaker 1: writes in that she thinks it may be time to 608 00:30:36,840 --> 00:30:39,240 Speaker 1: tuge our child terror situation and I'm struggling with it. 609 00:30:39,240 --> 00:30:42,360 Speaker 1: They've had the same wonderful nanny since their older daughter, 610 00:30:42,360 --> 00:30:45,760 Speaker 1: who is seven, was three months old. Prior to COVID, 611 00:30:46,240 --> 00:30:49,240 Speaker 1: this caregiver was working from eleven thirty to six thirty 612 00:30:49,240 --> 00:30:52,000 Speaker 1: Monday to Friday. Their younger daughter, now for will be 613 00:30:52,000 --> 00:30:54,320 Speaker 1: starting kindergarten in the fall, hopefully at the same school, 614 00:30:54,640 --> 00:30:56,920 Speaker 1: so she just doesn't see us needing the nanny as 615 00:30:57,000 --> 00:30:59,480 Speaker 1: much going forward. We'd love to have the ability to 616 00:30:59,520 --> 00:31:01,080 Speaker 1: have someone come out in the morning sometime to help 617 00:31:01,160 --> 00:31:03,840 Speaker 1: with drop off. From time to time with COVID, things 618 00:31:03,880 --> 00:31:08,160 Speaker 1: have been in flux. This listener's husband has been working 619 00:31:08,160 --> 00:31:10,640 Speaker 1: from home and sort of had less business in general, 620 00:31:10,680 --> 00:31:13,200 Speaker 1: so he's been way more available. However, they've kept their 621 00:31:13,240 --> 00:31:16,520 Speaker 1: nanny for the same number of hours, just you know, 622 00:31:16,600 --> 00:31:19,960 Speaker 1: because they haven't wanted to make any big changes yet, 623 00:31:20,320 --> 00:31:22,280 Speaker 1: She says, but I'm having a hard time figuring out 624 00:31:22,320 --> 00:31:23,880 Speaker 1: how to have this conversation with her, and at the 625 00:31:23,920 --> 00:31:26,880 Speaker 1: same time, I'm resisting finding a new person with reduced 626 00:31:26,880 --> 00:31:30,400 Speaker 1: hours because I do like having the stability and reliability 627 00:31:30,440 --> 00:31:33,000 Speaker 1: of her care as a backstop. For instance, summers are 628 00:31:33,040 --> 00:31:36,080 Speaker 1: a long time when hourly needs will change taking kids 629 00:31:36,080 --> 00:31:38,680 Speaker 1: from school to after school activities will presumably be a 630 00:31:38,720 --> 00:31:42,120 Speaker 1: thing in the future, and then, of course, not knowing 631 00:31:42,480 --> 00:31:45,719 Speaker 1: what her husband's work situation will be long term, she says, anyway, 632 00:31:45,720 --> 00:31:47,520 Speaker 1: do I need to just put on my big girl pants. 633 00:31:47,560 --> 00:31:49,480 Speaker 1: I think part of the challenge is after six and 634 00:31:49,480 --> 00:31:52,200 Speaker 1: a half years, obviously have a very close working relationship, 635 00:31:52,280 --> 00:31:54,920 Speaker 1: and so it's hard to know how to deal with 636 00:31:54,960 --> 00:31:59,080 Speaker 1: this because it's not just a business decision. So Sarah, 637 00:31:59,120 --> 00:32:02,760 Speaker 1: what do you think? Yeah, this is so hard. I mean, 638 00:32:03,000 --> 00:32:07,240 Speaker 1: we have some similarities to this. I think my first 639 00:32:07,360 --> 00:32:10,560 Speaker 1: instinct would just be like, don't make any sudden moves 640 00:32:10,800 --> 00:32:13,760 Speaker 1: right now, because so many factors have been in flux 641 00:32:13,840 --> 00:32:15,920 Speaker 1: for the last year and probably are going to continue 642 00:32:15,960 --> 00:32:19,040 Speaker 1: to crystallize in different directions, and it's harder to predict. 643 00:32:19,080 --> 00:32:21,960 Speaker 1: And it's a lot easier. I mean, if you can 644 00:32:22,120 --> 00:32:25,680 Speaker 1: handle it keeping her at the same number of hours, 645 00:32:26,000 --> 00:32:29,760 Speaker 1: you can always change that later. But she may not 646 00:32:29,800 --> 00:32:31,760 Speaker 1: want to work a very part time job and it 647 00:32:31,800 --> 00:32:34,240 Speaker 1: sounds like you really like her, and then she may not, 648 00:32:34,480 --> 00:32:36,840 Speaker 1: you know, be able to stay with you. So I 649 00:32:36,880 --> 00:32:38,959 Speaker 1: do think, and as Laura is going to I think 650 00:32:39,000 --> 00:32:41,720 Speaker 1: mention a conversation is very important about what you want, 651 00:32:42,240 --> 00:32:44,880 Speaker 1: But for us, our biggest thought has just been like 652 00:32:45,680 --> 00:32:49,800 Speaker 1: looking at the big picture, even though things might be 653 00:32:49,800 --> 00:32:52,520 Speaker 1: a little bit more limited right now. I would want 654 00:32:53,080 --> 00:32:57,120 Speaker 1: I would want like a year of stability where I'm 655 00:32:57,200 --> 00:33:00,600 Speaker 1: feeling like I really really need much more, much less 656 00:33:01,000 --> 00:33:03,840 Speaker 1: before I made a big change. And I know that 657 00:33:03,920 --> 00:33:08,160 Speaker 1: might sound conservative, but it's like I know that if 658 00:33:08,600 --> 00:33:10,560 Speaker 1: I didn't have someone I could fall back on all 659 00:33:10,600 --> 00:33:12,520 Speaker 1: of the time, that would really change a lot of 660 00:33:12,560 --> 00:33:14,960 Speaker 1: the dynamics around how I feel about work, how I 661 00:33:14,960 --> 00:33:17,880 Speaker 1: feel about rushing home. And it's not even that I 662 00:33:17,920 --> 00:33:19,440 Speaker 1: do fall back on her all of the time, but 663 00:33:19,480 --> 00:33:21,600 Speaker 1: it's like knowing that if I have to stay late 664 00:33:21,760 --> 00:33:23,840 Speaker 1: or go to an early meeting and not do drop 665 00:33:23,840 --> 00:33:28,160 Speaker 1: off like I can, is very valuable even if I'm 666 00:33:28,200 --> 00:33:29,760 Speaker 1: not using it, and I'm paying for that, and I'm 667 00:33:29,760 --> 00:33:31,680 Speaker 1: willing to pay for that. And there's other ways that 668 00:33:31,720 --> 00:33:33,760 Speaker 1: you might be able to find value even if it's 669 00:33:33,800 --> 00:33:36,520 Speaker 1: not in the same coverage you had before. So I 670 00:33:36,520 --> 00:33:39,480 Speaker 1: think I mentioned recently, you know, having more household tasks 671 00:33:39,480 --> 00:33:42,000 Speaker 1: perhaps being done by the person thinking about how you 672 00:33:42,080 --> 00:33:44,320 Speaker 1: might let's say, have them come in really late one 673 00:33:44,360 --> 00:33:45,880 Speaker 1: day or as late as they want, or skip a 674 00:33:45,960 --> 00:33:47,320 Speaker 1: day if you don't need her one day, but then 675 00:33:47,480 --> 00:33:49,560 Speaker 1: cover a date night or a date weekend every month 676 00:33:49,640 --> 00:33:52,000 Speaker 1: or so like there are you already mentioned kind of 677 00:33:52,040 --> 00:33:54,520 Speaker 1: doing that in in your note. And I think that 678 00:33:55,240 --> 00:33:59,800 Speaker 1: restructuring might be a better move than going to a 679 00:33:59,760 --> 00:34:03,960 Speaker 1: significantly lighter load, especially when you don't know what activities 680 00:34:04,000 --> 00:34:06,760 Speaker 1: and lifestyle is going to look like going forward. Yeah, 681 00:34:06,800 --> 00:34:08,279 Speaker 1: I totally agree with this. And there were two parts 682 00:34:08,280 --> 00:34:09,880 Speaker 1: of the questions. One is she was like trying to 683 00:34:09,880 --> 00:34:12,080 Speaker 1: psych herself up to have a conversation. I'm like, okay 684 00:34:12,480 --> 00:34:14,520 Speaker 1: that yes, the answer is yes, you need to have 685 00:34:14,560 --> 00:34:16,799 Speaker 1: a conversation because I can tell you for sure that 686 00:34:17,000 --> 00:34:19,759 Speaker 1: your nanny is wondering about this, like are they going 687 00:34:19,840 --> 00:34:22,799 Speaker 1: to fire me tomorrow? Like I mean, you just with 688 00:34:22,880 --> 00:34:24,680 Speaker 1: somebody that has been with you this long, you owe 689 00:34:24,760 --> 00:34:28,080 Speaker 1: them to have a conversation about how this is going 690 00:34:28,120 --> 00:34:31,160 Speaker 1: to play out long term, because she wants to know. 691 00:34:31,239 --> 00:34:34,480 Speaker 1: She probably is worried about it too. The second matter, though, 692 00:34:34,560 --> 00:34:36,440 Speaker 1: is what is it going to look like going forward? 693 00:34:36,880 --> 00:34:41,320 Speaker 1: And I'm listen her. So this family did not scale 694 00:34:41,360 --> 00:34:45,680 Speaker 1: down their nanny, despite the husband having a much reduced 695 00:34:45,840 --> 00:34:48,200 Speaker 1: work schedule over the past years, which suggests to me 696 00:34:48,280 --> 00:34:51,000 Speaker 1: that they are in a place financially where it's not 697 00:34:51,719 --> 00:34:55,480 Speaker 1: you know, every dollar is being spoken for here like 698 00:34:55,520 --> 00:34:57,719 Speaker 1: that they had the ability to do that, so they're 699 00:34:57,760 --> 00:35:01,880 Speaker 1: not really t on it. And if that is the case, 700 00:35:01,920 --> 00:35:04,480 Speaker 1: it's a different matter. It's like, could you use thirty 701 00:35:04,520 --> 00:35:07,120 Speaker 1: five hours of help or even third ham and just 702 00:35:07,160 --> 00:35:08,759 Speaker 1: you know, pay the same amount. You don't have to 703 00:35:08,760 --> 00:35:10,279 Speaker 1: have her there thirty five hours a week. Like what 704 00:35:10,320 --> 00:35:12,040 Speaker 1: the person cares about is that they are earning the 705 00:35:12,080 --> 00:35:15,120 Speaker 1: same amount, right that how many hours it is is 706 00:35:15,200 --> 00:35:18,600 Speaker 1: kind of irrelevant. You know, obviously you personally probably don't 707 00:35:18,600 --> 00:35:20,120 Speaker 1: want to be paying two hundred dollars an hour for 708 00:35:20,520 --> 00:35:23,200 Speaker 1: such things. But the number of hours is not the 709 00:35:23,239 --> 00:35:26,080 Speaker 1: thing that they're it's if it were less. It's the 710 00:35:26,239 --> 00:35:29,880 Speaker 1: amount they are getting paid per week. So could you 711 00:35:30,120 --> 00:35:32,680 Speaker 1: use her for I don't know, thirty to thirty five 712 00:35:32,719 --> 00:35:36,040 Speaker 1: hours a week? And my guess is that yes you could. 713 00:35:36,280 --> 00:35:38,720 Speaker 1: Now you may want it to be different hours from 714 00:35:38,840 --> 00:35:41,600 Speaker 1: eleven thirty to six thirty, although those are not bad ones. 715 00:35:41,680 --> 00:35:44,560 Speaker 1: If your kids are in school till two and you 716 00:35:44,640 --> 00:35:48,399 Speaker 1: have things like grocery shopping, cleaning, the house, she could 717 00:35:48,400 --> 00:35:50,720 Speaker 1: make your dinners during that time, to do all your laundry, 718 00:35:50,760 --> 00:35:54,000 Speaker 1: if you have personal assistant type stuff. If this person 719 00:35:54,080 --> 00:35:57,680 Speaker 1: is able to take on a lot of managerial kind 720 00:35:57,760 --> 00:36:01,720 Speaker 1: of things in terms of house renovation projects for instance, 721 00:36:01,800 --> 00:36:04,200 Speaker 1: or something like that, I mean probably you could think 722 00:36:04,239 --> 00:36:07,280 Speaker 1: of stuff that a person could do for two hours 723 00:36:07,320 --> 00:36:09,239 Speaker 1: a day, which is what that pretty much comes out to. 724 00:36:09,880 --> 00:36:12,879 Speaker 1: And then they're there, Like if you've got a sick day, 725 00:36:13,000 --> 00:36:15,880 Speaker 1: if you've got your school is closed because of a 726 00:36:16,080 --> 00:36:22,080 Speaker 1: COVID thing. You have that reliable, full time person who's 727 00:36:22,120 --> 00:36:24,600 Speaker 1: going to be able to scale up when you need it, 728 00:36:24,680 --> 00:36:26,400 Speaker 1: even if you don't need it one hundred percent of 729 00:36:26,400 --> 00:36:27,840 Speaker 1: the time. And as you said, you are going to 730 00:36:27,920 --> 00:36:30,719 Speaker 1: need it in the summer, so it's your If you 731 00:36:30,920 --> 00:36:34,000 Speaker 1: don't keep this person, you are going to find yourself 732 00:36:34,120 --> 00:36:37,279 Speaker 1: every May scrambling to figure out how you're going to 733 00:36:37,360 --> 00:36:40,560 Speaker 1: do summer coverage. Whereas if you have this then it's 734 00:36:40,600 --> 00:36:44,600 Speaker 1: a little bit more obvious. So that's my inclination. You 735 00:36:44,640 --> 00:36:46,640 Speaker 1: can talk to her about how flexible she is. Now, 736 00:36:46,680 --> 00:36:49,480 Speaker 1: maybe this person has I don't know, their own family 737 00:36:49,680 --> 00:36:52,720 Speaker 1: and has certain hours they have that they have covered. 738 00:36:52,760 --> 00:36:55,440 Speaker 1: I don't know what your situation is. But if this 739 00:36:55,480 --> 00:36:58,200 Speaker 1: person has some flexibility, she may totally be willing to 740 00:36:58,800 --> 00:37:02,080 Speaker 1: move those thirty five hours around a bit too. That 741 00:37:02,120 --> 00:37:05,279 Speaker 1: she may be able to come some morning at seven 742 00:37:05,440 --> 00:37:08,440 Speaker 1: thirty to help you get ready and then bring the 743 00:37:08,520 --> 00:37:11,919 Speaker 1: kids to school, do the grocery shopping, and work, say 744 00:37:12,040 --> 00:37:16,319 Speaker 1: a seven to eleven, seven thirty to eleven thirty day 745 00:37:16,440 --> 00:37:19,719 Speaker 1: and then have a longer day some other time or not. 746 00:37:20,000 --> 00:37:22,719 Speaker 1: I don't know, but you know, just getting you might 747 00:37:22,800 --> 00:37:25,000 Speaker 1: have some flexibility with there, and so you can have 748 00:37:25,040 --> 00:37:28,080 Speaker 1: that conversation with her, say, listen, we would love to 749 00:37:28,120 --> 00:37:30,520 Speaker 1: have some of this. You would be absolutely our first 750 00:37:30,560 --> 00:37:33,200 Speaker 1: choice to do. This. Is this something we can work 751 00:37:33,239 --> 00:37:36,440 Speaker 1: out to gather and hopefully yes, And then you know, 752 00:37:36,520 --> 00:37:40,640 Speaker 1: you have this relationship going for the next two three years, 753 00:37:40,680 --> 00:37:45,000 Speaker 1: which you still have little kids that until you have 754 00:37:45,040 --> 00:37:47,560 Speaker 1: a situation where they can kind of reliably be left 755 00:37:47,600 --> 00:37:52,160 Speaker 1: home alone. You do need regular support if you are 756 00:37:52,160 --> 00:37:55,279 Speaker 1: both working. Yeah, and this is such a hard one 757 00:37:55,320 --> 00:37:57,360 Speaker 1: because you're right, there is this emotional component. So I 758 00:37:57,360 --> 00:37:59,920 Speaker 1: think the openness helps being like this is what we need? 759 00:38:00,120 --> 00:38:02,600 Speaker 1: What do you want? Like, how can we both you know, 760 00:38:02,719 --> 00:38:06,200 Speaker 1: come to a good agreement where everyone's happy and everyone 761 00:38:06,800 --> 00:38:08,719 Speaker 1: feels like they're generally getting what they need, and if 762 00:38:08,719 --> 00:38:11,080 Speaker 1: you can't, then that's okay. You know. I don't mean 763 00:38:11,080 --> 00:38:12,839 Speaker 1: that in a bad way, but in a way that like, 764 00:38:13,040 --> 00:38:15,080 Speaker 1: you know, if if you really only need a part 765 00:38:15,120 --> 00:38:17,399 Speaker 1: time person at some point, and that person only wants 766 00:38:17,400 --> 00:38:21,279 Speaker 1: full time work, then it might be time to gracefully, 767 00:38:21,520 --> 00:38:23,399 Speaker 1: you know, try to transition to something else and maybe 768 00:38:23,400 --> 00:38:25,520 Speaker 1: that person can still be your like weekend person, or 769 00:38:25,800 --> 00:38:28,000 Speaker 1: you can keep her in your life some other way. 770 00:38:28,120 --> 00:38:30,680 Speaker 1: I mean, I could, I could see something like that 771 00:38:30,760 --> 00:38:34,760 Speaker 1: happening long long term going forward, depending on how things 772 00:38:35,000 --> 00:38:36,920 Speaker 1: play out, but I it would have to be kind 773 00:38:36,920 --> 00:38:40,799 Speaker 1: of a mutual choice. Yeah, I mean I always said, 774 00:38:40,800 --> 00:38:43,279 Speaker 1: they still they have a four year old, like the 775 00:38:43,360 --> 00:38:47,080 Speaker 1: idea that they're not going to need childcare, and if 776 00:38:47,560 --> 00:38:49,880 Speaker 1: something goes wrong you have a four year old, like, 777 00:38:49,920 --> 00:38:52,920 Speaker 1: you can't do it, can't take him to work, you 778 00:38:52,960 --> 00:38:56,399 Speaker 1: can't take it work, you can't. So yeah, there's there's 779 00:38:56,520 --> 00:38:59,280 Speaker 1: just you're not out of the woods yet at that point. 780 00:39:00,080 --> 00:39:02,440 Speaker 1: So keeping that in mind that this is probably still 781 00:39:02,719 --> 00:39:04,360 Speaker 1: something you need in your life for a while is 782 00:39:04,680 --> 00:39:08,000 Speaker 1: going to be probably the right mindset, all right, well, 783 00:39:08,040 --> 00:39:10,279 Speaker 1: this has been best of both worlds. Our interview has 784 00:39:10,320 --> 00:39:13,160 Speaker 1: been on real estate and careers, and that we will 785 00:39:13,160 --> 00:39:15,040 Speaker 1: be back next week with more on making work and 786 00:39:15,080 --> 00:39:19,640 Speaker 1: life fit together. Thanks for listening. You can find me 787 00:39:19,880 --> 00:39:23,719 Speaker 1: Sarah at the shoebox dot com or at the Underscore 788 00:39:23,800 --> 00:39:27,719 Speaker 1: Shoebox on Instagram, and you can find me Laura at 789 00:39:27,800 --> 00:39:31,040 Speaker 1: Laura vandercam dot com. This has been the best of 790 00:39:31,120 --> 00:39:34,799 Speaker 1: both worlds podcasts. Please join us next time for more 791 00:39:34,880 --> 00:39:37,000 Speaker 1: on making work and life work together.