WEBVTT - Professional Development: The Fall of Commerical Real Estate

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J.

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<v Speaker 2>Trump's leadership.

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<v Speaker 1>I'm Christy nom the United States Secretary of Homeland Security.

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<v Speaker 1>Under President Trump, attempted illegal border crossings are at the

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<v Speaker 1>lowest levels ever recorded, and over one hundred thousand illegal

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<v Speaker 1>aliens have been arrested. If you are here illegally, your

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<v Speaker 1>next you will be fined nearly one thousand dollars a day, imprisoned,

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<v Speaker 1>and deported.

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<v Speaker 2>You will never return.

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<v Speaker 1>But if you register using our CBP home app and

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<v Speaker 1>leave now, you could be allowed to return legally.

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<v Speaker 2>Do what's right. Leave now.

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<v Speaker 1>Under President Trump, America's laws, border and families will be protected.

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<v Speaker 3>Sponsored by the United States Department of Homeland Security.

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<v Speaker 4>What is the indicator that warns us of a possible depression?

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<v Speaker 5>Gotta look at the money supply. So when I was

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<v Speaker 5>in my research on this, this is scared. So in

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<v Speaker 5>eighteen seventy, the money supply was negative too, which led

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<v Speaker 5>to the unemployment and fourteen percent. A nineteen twenty one

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<v Speaker 5>it was negative two percent, which led to the employment

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<v Speaker 5>being eleven percent the Great Depression, the money supply was

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<v Speaker 5>negative twelve unemployment was twenty five percent negative, and the

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<v Speaker 5>money supply in twenty twenty three we are currently at

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<v Speaker 5>negative two percent.

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<v Speaker 3>What is the money supply?

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<v Speaker 5>How much money is actively floating in the market. So

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<v Speaker 5>in twenty twenty they have a bunch of it that

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<v Speaker 5>they put in that were acting like Floyd at Girl Collection.

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<v Speaker 5>We're just throwing money around and everyone you get a car,

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<v Speaker 5>you get a car, you get some money. Now the

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<v Speaker 5>supply is actually negative. So outside of the inverted yield curve,

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<v Speaker 5>the two and ten, this is the one that predicts

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<v Speaker 5>a depression. Am I going to go on record and

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<v Speaker 5>say they we're going to go into the depression.

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<v Speaker 3>No?

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<v Speaker 5>But Dave scared the hell out of me on stage

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<v Speaker 5>when they talked about the commercial.

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<v Speaker 3>Level very common.

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<v Speaker 5>He said like silvigating and this issue with SVB this

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<v Speaker 5>is small. I was like, wait, what, So if he's

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<v Speaker 5>been in the institutional space and then a buffet indicator

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<v Speaker 5>is turning over the inverted yield curve keeps signaling recession,

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<v Speaker 5>but Biden and yelling and won't announced it yet. There's

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<v Speaker 5>a reason why things can be a hell of a

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<v Speaker 5>lot worse, so please be careful.

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<v Speaker 4>Well, the commercial real estate thing is a few people

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<v Speaker 4>have been talking about that for a while, and even

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<v Speaker 4>in China. Remember years ago they had built the whole

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<v Speaker 4>city where nobody's ghost town. And these are things where housing.

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<v Speaker 4>People are always gonna need housing. But you see malls.

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<v Speaker 4>I live in the area where there's a mall and

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<v Speaker 4>they're closing that. I think they're building an apartment building

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<v Speaker 4>there because people aren't shopping the same. Right, when you

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<v Speaker 4>look at office space, nobody's working in office anymore, right,

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<v Speaker 4>So this is something that all signs lead to the

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<v Speaker 4>commercial bubble, right, And there's only so much apartment buildings

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<v Speaker 4>that you can build out a certain point that becomes unsustainable. Also,

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<v Speaker 4>so the real estate market is definitely interesting, and ye

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<v Speaker 4>shot the day he gave some great insight on that.

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<v Speaker 4>But I think that when people are looking to invest

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<v Speaker 4>in real estate, it's important to understand what's essential. So

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<v Speaker 4>housing is essential, right, You can't really go wrong with housing, because.

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<v Speaker 6>This episode is brought to you by P and C Bank.

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<v Speaker 6>A lot of people think podcasts about work are boring,

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<v Speaker 6>since eighteen sixty five is a service mark of the

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<v Speaker 6>Association Member fdiic Erners.

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<v Speaker 3>What's up?

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<v Speaker 6>You ever walk into a small business and everything just

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<v Speaker 6>works like the checkout is fast, the receipts are digital,

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<v Speaker 6>tipping is a breeze, and you're out the door before

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:05:31.200 --> 0:05:35.000
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:05:35.240 --> 0:05:39.400
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:05:39.440 --> 0:05:43.359
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J.

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<v Speaker 2>Trump's leadership.

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<v Speaker 1>I'm Christy Nohm, the United States Secretary of Homeland Security.

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<v Speaker 1>Under President Trump, attempted illegal border crossings are at the

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<v Speaker 1>lowest levels ever recorded, and over one hundred thousand and

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<v Speaker 1>illegal aliens have been arrested. If you were here illegally,

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<v Speaker 1>your next you will be fine nearly one thousand dollars

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<v Speaker 1>a day.

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<v Speaker 2>Imprisoned and deported, you will never return.

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<v Speaker 1>But if you register using our CBP home app and

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<v Speaker 1>leave now, you could be allowed to return legally.

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<v Speaker 2>Do what's right. Leave now.

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<v Speaker 1>Under President Trump America's laws, border and families will be protected.

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<v Speaker 3>Sponsored by the United States Department of Homeland Security.

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<v Speaker 4>People always gonna need to live somewhere, unless you're just

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<v Speaker 4>doing it the wrong way. You're buying a luxury apartment

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<v Speaker 4>building in Omaha, Nebraska, that might not be something that's

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<v Speaker 4>really suit out to Omaha shots But all these other

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<v Speaker 4>commercial projects you just gotta see a lot. Some commercial

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<v Speaker 4>makes sense, but some commercial it might not make sense.

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<v Speaker 4>It might make sense today, but it might not make

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<v Speaker 4>sense ten years from now. Where housing is always Housing

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<v Speaker 4>today is still gonna make sense housing ten yearsrom now.

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<v Speaker 4>But like you said, the office space, who knows, Corona

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<v Speaker 4>three point seven might come out right, and then there's

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<v Speaker 4>nobody ever going to be working in offices ever. Again,

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<v Speaker 4>that's that can happen. So it's just like.

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<v Speaker 6>Or people decide that they are going back to work

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<v Speaker 6>and now it makes sense.

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<v Speaker 4>It's risky the housing residential real estate. In my opinion,

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<v Speaker 4>residential real estate is And that's why he said a

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<v Speaker 4>lot of these big banks and institutions started buying single

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<v Speaker 4>family homes Blackstone black You know, I just feel like

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<v Speaker 4>residential real estate is a little bit more risky than

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<v Speaker 4>commercial real estate. Residential is more risky. Commercial is more risky. Absolutely,

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<v Speaker 4>And because like I said, you see it. You said,

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<v Speaker 4>the mall that we grew up going to going right.

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<v Speaker 6>If you think about the workspace people, what happens to

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<v Speaker 6>the space, They have to in a sense get converted.

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<v Speaker 6>But they're going to get converted at a rate that

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<v Speaker 6>makes sense to the person who's actually going to purpose

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<v Speaker 6>purchase it. And that's one of the things he said.

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<v Speaker 6>It was like, Yo, that's a bar. He was like, yo,

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<v Speaker 6>when it's distress. That's how they invest. A lot of

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<v Speaker 6>these commercial real estate companies right at a serpent, they're

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<v Speaker 6>not gonna get anything. They're not getting their leases, they're

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<v Speaker 6>not getting their rents, or they're gonna they're gonna have

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<v Speaker 6>to force to get it at or sell it at

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<v Speaker 6>a price, or least at a price that makes sense

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<v Speaker 6>for the pent who's actually gonna acquire it, and so

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<v Speaker 6>it's gonna be a great opportunity for somebody. Or if

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<v Speaker 6>they don't do that, then somebody's gonna come in and

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<v Speaker 6>just say, all right, well we're gonna make this residential anyway.

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<v Speaker 5>Yeah, because when I go into the gallery and now

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<v Speaker 5>gallery is dead.

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<v Speaker 4>Man.

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<v Speaker 5>It used to be thousands of kids at the little

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<v Speaker 5>skating rink. Now I go dry over there, a by center,

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<v Speaker 5>bundon a little foot locker down there.

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<v Speaker 3>Like.

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<v Speaker 5>The thing that we have to realize too is when

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<v Speaker 5>you keep borrowing and putting more debt on a consumer base,

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<v Speaker 5>you destroy your bias market for everything. Yeah, so if

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<v Speaker 5>you don't take care of the people now, it's gonna

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<v Speaker 5>affect your business later.

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<v Speaker 4>My graduates from my school being forced back drop bag

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<v Speaker 4>drop might drop back drop drop.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:09:07.000 --> 0:09:10.800
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:09:11.040 --> 0:09:15.200
<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

0:09:15.240 --> 0:09:19.160
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:09:19.240 --> 0:09:23.000
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:09:23.040 --> 0:09:23.480
<v Speaker 1>Donald J.

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<v Speaker 2>Trump's leadership. I'm Christy nom the.

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<v Speaker 1>United States Secretary of Homeland Security. Under President Trump, attempted

0:09:30.640 --> 0:09:34.359
<v Speaker 1>illegal border crossings are at the lowest levels ever recorded,

0:09:34.679 --> 0:09:37.720
<v Speaker 1>and over one hundred thousand illegal aliens have been arrested.

0:09:38.000 --> 0:09:41.560
<v Speaker 1>If you are here illegally, your next you will be

0:09:41.600 --> 0:09:45.480
<v Speaker 1>fined nearly one thousand dollars a day, imprisoned, and deported.

0:09:45.920 --> 0:09:47.120
<v Speaker 2>You will never return.

0:09:47.440 --> 0:09:50.440
<v Speaker 1>But if you register using our CBP home app and

0:09:50.559 --> 0:09:53.439
<v Speaker 1>leave now, you could be allowed to return legally.

0:09:53.800 --> 0:09:56.000
<v Speaker 2>Do what's right, leave now.

0:09:56.360 --> 0:10:01.160
<v Speaker 1>Under President Trump, America's laws, border and family will be protected.

0:10:01.280 --> 0:10:03.400
<v Speaker 3>Sponsored by the United States Department of Homeland Security,