1 00:00:04,200 --> 00:00:09,640 Speaker 1: It's that time time, time, time, Luck and load. 2 00:00:11,800 --> 00:00:13,160 Speaker 2: Michael Varry Show. 3 00:00:13,360 --> 00:00:27,240 Speaker 3: Is on the air, and it really looks like ancient 4 00:00:27,320 --> 00:00:28,280 Speaker 3: Roman here. 5 00:00:28,440 --> 00:00:31,680 Speaker 4: This is sort of the conquering Republican caesar who's going 6 00:00:31,720 --> 00:00:34,400 Speaker 4: into the Colisey and everyone's cheering, and he's got his 7 00:00:34,840 --> 00:00:39,400 Speaker 4: political gladiators with him. That appearance isn't just about him 8 00:00:39,479 --> 00:00:42,560 Speaker 4: enjoying the applause. He's sending a message to the Senate 9 00:00:42,600 --> 00:00:45,600 Speaker 4: for not only are you entertained, but these are my 10 00:00:45,680 --> 00:00:47,000 Speaker 4: people and are you willing to fight? 11 00:00:47,000 --> 00:00:48,000 Speaker 3: Because here's who I have. 12 00:00:48,320 --> 00:00:51,040 Speaker 5: I also want to say a big, big thank you 13 00:00:51,080 --> 00:00:52,760 Speaker 5: to President Donald Trump for being. 14 00:00:52,680 --> 00:00:57,040 Speaker 2: Here to hide. Hey, what do you gotta think about my. 15 00:00:57,040 --> 00:01:14,479 Speaker 6: Persion of the Donald Trump? Check it out that I'm proud. 16 00:01:14,680 --> 00:01:18,120 Speaker 7: I'm proud to be a great American champion. I'm proud 17 00:01:18,120 --> 00:01:20,560 Speaker 7: to be a Christian American champion. 18 00:01:22,680 --> 00:01:23,760 Speaker 1: With Amber. 19 00:01:39,720 --> 00:01:43,320 Speaker 8: I think the whole point with these nominees, several of them, 20 00:01:43,440 --> 00:01:47,880 Speaker 8: is their unqualification. Is there affirmative disqualification? That's Trump's point 21 00:01:48,040 --> 00:01:51,000 Speaker 8: because what he wants to do with these nominees is 22 00:01:51,960 --> 00:01:56,520 Speaker 8: establish that the congressied States will not stand up him 23 00:01:56,560 --> 00:01:57,200 Speaker 8: with anything. 24 00:01:58,360 --> 00:02:02,120 Speaker 9: President China retaliated to by reducing a number of American 25 00:02:02,280 --> 00:02:05,120 Speaker 9: films that can be shown there. What's your reaction to 26 00:02:05,160 --> 00:02:08,560 Speaker 9: them now targeting cultural espects from the United States. 27 00:02:08,960 --> 00:02:20,120 Speaker 10: I think I've heard of worse things. 28 00:02:16,000 --> 00:02:33,440 Speaker 11: And what then, what kind of power and influence you 29 00:02:33,520 --> 00:02:35,560 Speaker 11: think RFK Junior would have You. 30 00:02:35,480 --> 00:02:39,600 Speaker 5: Know, Martha, I am outraged because lives are at stake here. 31 00:02:40,240 --> 00:02:44,320 Speaker 5: The head of Health and Human Services touches programs that 32 00:02:44,680 --> 00:02:48,880 Speaker 5: affect every single life in our country. I've been focusing 33 00:02:48,919 --> 00:02:52,360 Speaker 5: mainly on the public health impacts, you know. As you know, 34 00:02:52,440 --> 00:02:55,680 Speaker 5: I'm a pediatrician. I practiced pediatrics for more than thirty 35 00:02:55,760 --> 00:02:58,680 Speaker 5: years and there's nothing that I've done for my patients 36 00:02:58,720 --> 00:03:02,320 Speaker 5: that I know has more positive impact then getting them 37 00:03:02,360 --> 00:03:07,079 Speaker 5: vaccinated fully and on time. And to have someone leading 38 00:03:07,080 --> 00:03:11,280 Speaker 5: AHHS who is one of the biggest deniers of vaccines 39 00:03:11,600 --> 00:03:15,000 Speaker 5: in our country would undermine the confidence in that program, 40 00:03:15,280 --> 00:03:16,959 Speaker 5: and LIKELI, would cost lives. 41 00:03:17,160 --> 00:03:20,960 Speaker 12: And that year nineteen eighty nine, we saw an explosion 42 00:03:21,960 --> 00:03:26,560 Speaker 12: in chronic disease and American children the neurological disease suddenly exploded. 43 00:03:26,560 --> 00:03:30,080 Speaker 2: In nineteen add EIGHTYHD. 44 00:03:29,800 --> 00:03:39,600 Speaker 12: Sleep disorders, language delays, asd autism, to red syndrome tics, narcolepsy. 45 00:03:39,800 --> 00:03:43,040 Speaker 12: These are all things that I never heard of. Autism 46 00:03:43,160 --> 00:03:46,520 Speaker 12: went from one in ten thousand of my generation, according 47 00:03:46,520 --> 00:03:49,720 Speaker 12: to the CDC data, to one in every thirty four 48 00:03:49,840 --> 00:04:06,800 Speaker 12: kinds today. 49 00:04:10,200 --> 00:04:12,800 Speaker 2: I think there are some medical professionals. 50 00:04:15,040 --> 00:04:18,159 Speaker 7: Who bear a great deal of shame and certainly a 51 00:04:18,160 --> 00:04:23,719 Speaker 7: great deal of blame for how they conducted themselves during COVID. 52 00:04:25,920 --> 00:04:29,480 Speaker 7: It's rather interesting how few of them have come forward 53 00:04:29,520 --> 00:04:32,679 Speaker 7: to apologize somehow. Some have admitted I made a mistake, 54 00:04:33,240 --> 00:04:40,800 Speaker 7: I blew it. In my life, I have, probably mostly 55 00:04:40,880 --> 00:04:43,840 Speaker 7: due to my mother's position on the matter, had a 56 00:04:43,880 --> 00:04:47,520 Speaker 7: great deal of respect for medical professionals, and I still do, 57 00:04:49,200 --> 00:04:56,479 Speaker 7: not just doctors, but nurses, physicians, assistants, people, technicians. There 58 00:04:56,480 --> 00:04:58,560 Speaker 7: are a lot of people who go in You know, 59 00:04:59,120 --> 00:05:01,400 Speaker 7: when you think about it, there are really only a 60 00:05:01,440 --> 00:05:06,719 Speaker 7: few things we do in the world, and most of 61 00:05:06,720 --> 00:05:10,680 Speaker 7: them involve the human body, whether it's bringing it into 62 00:05:10,720 --> 00:05:15,760 Speaker 7: this world, feeding it, maintaining it, healing. 63 00:05:15,440 --> 00:05:17,280 Speaker 2: It, burying it. 64 00:05:17,680 --> 00:05:20,680 Speaker 7: I mean, most of what we do relates to and 65 00:05:20,760 --> 00:05:27,679 Speaker 7: should relate to that, and I consider it a great 66 00:05:27,720 --> 00:05:35,640 Speaker 7: advancement in human history that we have so many people 67 00:05:35,680 --> 00:05:40,080 Speaker 7: who have been successful at treating the various ways which 68 00:05:40,120 --> 00:05:45,240 Speaker 7: the human body falls apart. But I truly believe that 69 00:05:45,320 --> 00:05:47,520 Speaker 7: in the last twenty five years you can go back further. 70 00:05:47,520 --> 00:05:51,120 Speaker 7: For some of these things. There are people who for 71 00:05:51,279 --> 00:05:54,960 Speaker 7: various reasons, usually purely profit, and I'm not against profit, 72 00:05:56,880 --> 00:05:58,800 Speaker 7: but I don't think you should be able to sell 73 00:05:58,839 --> 00:06:03,400 Speaker 7: your child no matter how much money you're paid. There 74 00:06:03,600 --> 00:06:09,480 Speaker 7: is a balance between a moral compass and a dollar, 75 00:06:10,839 --> 00:06:13,880 Speaker 7: and I guess that's different for everybody else. And many 76 00:06:13,880 --> 00:06:16,000 Speaker 7: people are jealous if someone else makes a dollar, so 77 00:06:16,000 --> 00:06:19,400 Speaker 7: they'll claim that person sold out simply because they got 78 00:06:19,440 --> 00:06:24,440 Speaker 7: paid a lot of money. But I think you know, 79 00:06:24,960 --> 00:06:28,320 Speaker 7: this is a complicated discussion. But when I came out 80 00:06:28,360 --> 00:06:31,720 Speaker 7: of law school, it was well. When I started law 81 00:06:31,760 --> 00:06:37,200 Speaker 7: school was ninety three and I clerked at a firm 82 00:06:37,200 --> 00:06:39,520 Speaker 7: I ended up going to called Jenkins A. Gilchrist and 83 00:06:39,600 --> 00:06:46,280 Speaker 7: Jenkins at Gilchrist was one of the two top firms 84 00:06:46,839 --> 00:06:50,080 Speaker 7: in Houston and one of the top in the country 85 00:06:51,080 --> 00:06:54,920 Speaker 7: in healthcare law, which was at that point very early 86 00:06:55,480 --> 00:06:59,799 Speaker 7: in its development, and it was a group of lawyers 87 00:07:00,320 --> 00:07:03,760 Speaker 7: that had come over from I forget the name of 88 00:07:03,760 --> 00:07:07,160 Speaker 7: the firm, but it was a healthcare law firm. And 89 00:07:07,240 --> 00:07:11,880 Speaker 7: what that firm did I didn't work solely in that group. 90 00:07:11,920 --> 00:07:13,800 Speaker 7: I did a few deals with that group, but that 91 00:07:13,880 --> 00:07:16,920 Speaker 7: wasn't that wasn't my area. I just worked alongside those folks. 92 00:07:17,920 --> 00:07:21,400 Speaker 7: And there were lawyers, Sue Murphy, I can't I can't 93 00:07:21,440 --> 00:07:26,840 Speaker 7: remember Sherry Daegel, I think was her name. There's a 94 00:07:26,880 --> 00:07:31,640 Speaker 7: street name for their family in Pasadena, prominent Jewish family 95 00:07:31,680 --> 00:07:32,120 Speaker 7: in Pasaden. 96 00:07:32,160 --> 00:07:35,160 Speaker 2: I can't remember name. Anyway, these folks. 97 00:07:36,280 --> 00:07:36,640 Speaker 13: Were. 98 00:07:37,400 --> 00:07:43,960 Speaker 7: This was the early days of the HCA was coming 99 00:07:44,000 --> 00:07:49,800 Speaker 7: into prominence, and you had what were they called. It 100 00:07:49,880 --> 00:07:52,200 Speaker 7: was the groups that would come in. It's on the 101 00:07:52,200 --> 00:07:54,240 Speaker 7: tip of my tongue, the groups that would come in 102 00:07:54,240 --> 00:07:58,320 Speaker 7: and biomedical practices. So you were you were witnessing in 103 00:07:58,400 --> 00:08:02,840 Speaker 7: real time the trend transformation of the practice of law, 104 00:08:03,200 --> 00:08:08,080 Speaker 7: because the structure was changing and the finance element of 105 00:08:08,160 --> 00:08:11,440 Speaker 7: it was changing, and doctors were no longer in charge 106 00:08:11,440 --> 00:08:14,120 Speaker 7: of their practices, but now it was a business unit 107 00:08:14,200 --> 00:08:18,240 Speaker 7: run by accountants, and you could trace everything going downhill 108 00:08:18,240 --> 00:08:18,960 Speaker 7: from that moment. 109 00:08:19,720 --> 00:08:22,000 Speaker 5: And what I see all over the place is people 110 00:08:22,000 --> 00:08:24,880 Speaker 5: who care about looking good while doing evil. 111 00:08:26,720 --> 00:08:27,800 Speaker 2: The Michael Very Show. 112 00:08:31,240 --> 00:08:33,240 Speaker 7: I don't give financial advice, and I don't intend to 113 00:08:33,240 --> 00:08:35,360 Speaker 7: start now, but I will tell you my opinion on 114 00:08:35,440 --> 00:08:38,320 Speaker 7: the matter, and you do without what you want. I 115 00:08:38,400 --> 00:08:41,440 Speaker 7: didn't ask me anything over the weekend, and one of 116 00:08:41,440 --> 00:08:47,960 Speaker 7: the questions was about home prices and will home prices 117 00:08:48,040 --> 00:08:51,400 Speaker 7: come down? And I don't believe home prices are going 118 00:08:51,440 --> 00:08:53,760 Speaker 7: to come down. I think we're going to witness home 119 00:08:53,760 --> 00:08:58,800 Speaker 7: prices skyrocketing. And the reason for that is the only 120 00:08:58,920 --> 00:09:04,199 Speaker 7: impediment to the home price to home price inflation presently 121 00:09:05,120 --> 00:09:06,559 Speaker 7: is mortgage rates. 122 00:09:07,160 --> 00:09:10,599 Speaker 2: Mortgage rates have been prohibitively high. 123 00:09:10,679 --> 00:09:15,360 Speaker 7: I locked in the mortgage rate on my home at 124 00:09:15,760 --> 00:09:22,400 Speaker 7: two and a quarter, and I love to see you 125 00:09:22,559 --> 00:09:27,679 Speaker 7: intuitively know that a lower interest rate is better than 126 00:09:27,679 --> 00:09:31,000 Speaker 7: a higher interest rate. But it's not until you actually 127 00:09:31,080 --> 00:09:36,599 Speaker 7: look at the numbers. That's why numbers people are different. Accountants, engineers. 128 00:09:37,640 --> 00:09:42,000 Speaker 7: Accountants look at things and they see a beauty in 129 00:09:42,040 --> 00:09:45,800 Speaker 7: what you and I see as dry numbers. They see 130 00:09:45,880 --> 00:09:52,280 Speaker 7: an orderliness and a structure and meaning, a deeper meaning, 131 00:09:52,720 --> 00:09:56,120 Speaker 7: whereas most of us have a loosey goosey notion that 132 00:09:56,160 --> 00:09:59,520 Speaker 7: we should save more and account for this and put 133 00:09:59,559 --> 00:10:02,679 Speaker 7: more over here. But it's not until you see the 134 00:10:02,720 --> 00:10:05,760 Speaker 7: power of compounding and the rule of seven. And it's 135 00:10:05,800 --> 00:10:08,880 Speaker 7: not until you see those numbers, Adam, and see how 136 00:10:09,280 --> 00:10:12,400 Speaker 7: the millionaire next door becomes the millionaire next door on 137 00:10:13,840 --> 00:10:17,680 Speaker 7: you know, a regular working salary. Because as a friend 138 00:10:17,679 --> 00:10:20,920 Speaker 7: of mine referred to his father as a pretty good 139 00:10:20,960 --> 00:10:26,959 Speaker 7: earner and a world class saver. So it's not until 140 00:10:26,960 --> 00:10:30,520 Speaker 7: you look at you take the amount of money that 141 00:10:30,600 --> 00:10:33,240 Speaker 7: you mortgaged on your home, whatever you didn't put in 142 00:10:33,240 --> 00:10:36,400 Speaker 7: the down payment, whatever, that number is one hundred, three hundred, 143 00:10:36,440 --> 00:10:38,240 Speaker 7: five hundred, the bigger it is, the bigger the number. 144 00:10:39,000 --> 00:10:42,000 Speaker 7: You take that, and you put say a three percent 145 00:10:42,000 --> 00:10:45,520 Speaker 7: interest rate on a thirty year note, and you look 146 00:10:45,520 --> 00:10:47,360 Speaker 7: at what your payment is, and how long you do that? 147 00:10:48,679 --> 00:10:50,360 Speaker 7: You drop that interest rate? 148 00:10:51,240 --> 00:10:51,959 Speaker 2: Are you sorry? 149 00:10:51,960 --> 00:10:55,719 Speaker 7: You raise that interest rate, run it for four, five, six, seven, eight, 150 00:10:55,760 --> 00:11:00,560 Speaker 7: get it above eight, and you start noticing. I think 151 00:11:00,600 --> 00:11:06,679 Speaker 7: people focus very much on the list price of a home. 152 00:11:07,440 --> 00:11:09,040 Speaker 7: So let's say the list price of a home is 153 00:11:09,040 --> 00:11:12,920 Speaker 7: five hundred thousand dollars, and that's the only thing they 154 00:11:12,920 --> 00:11:18,080 Speaker 7: think about. But what you pay for that home, if 155 00:11:18,120 --> 00:11:21,200 Speaker 7: you pay cash is five hundred. If you finance it 156 00:11:21,200 --> 00:11:23,079 Speaker 7: for a year at a low interest rate, is a 157 00:11:23,120 --> 00:11:26,800 Speaker 7: little more than five hundred. If you pay for it 158 00:11:26,840 --> 00:11:30,320 Speaker 7: over thirty years at ten percent, you're going to pay 159 00:11:30,600 --> 00:11:34,720 Speaker 7: far more for the money you borrowed than the home itself. 160 00:11:36,320 --> 00:11:38,000 Speaker 7: And I always try to tell people, and I'm not 161 00:11:38,040 --> 00:11:40,720 Speaker 7: sure how many people understand or get what I'm trying 162 00:11:40,720 --> 00:11:42,800 Speaker 7: to say. It's probably my own shortcoming and explaining it 163 00:11:43,960 --> 00:11:48,920 Speaker 7: that the home itself is still the same roof, same door, 164 00:11:48,920 --> 00:11:51,160 Speaker 7: same windows, located in the same place. 165 00:11:52,000 --> 00:11:53,280 Speaker 2: But what you pay for it. 166 00:11:53,440 --> 00:11:55,480 Speaker 7: The most important part of what you pay for your 167 00:11:55,480 --> 00:11:59,560 Speaker 7: home is not the sales price that you close on 168 00:12:00,040 --> 00:12:02,800 Speaker 7: and borrow against at the title company. 169 00:12:03,120 --> 00:12:03,880 Speaker 2: That is important. 170 00:12:04,880 --> 00:12:06,520 Speaker 7: You want that number to be as low as possible, 171 00:12:06,520 --> 00:12:12,040 Speaker 7: there's no doubt, but getting the right mortgage rate, locking 172 00:12:12,160 --> 00:12:15,959 Speaker 7: that mortgage rate in and how you finance that and 173 00:12:16,800 --> 00:12:19,320 Speaker 7: how you handle paying that off is going to be 174 00:12:19,360 --> 00:12:22,520 Speaker 7: far more important than what the purchase price itself was. 175 00:12:23,000 --> 00:12:26,000 Speaker 7: And it's all still the same exact home we're not 176 00:12:26,080 --> 00:12:28,920 Speaker 7: talking about. So if you look at what you're going 177 00:12:28,960 --> 00:12:31,520 Speaker 7: to spend over thirty years, let's say here, you're going 178 00:12:31,600 --> 00:12:34,679 Speaker 7: to spend a million and a half. If you paid cash, 179 00:12:34,679 --> 00:12:39,319 Speaker 7: it was five hundred. Now what is that homeworth? Is 180 00:12:39,360 --> 00:12:41,959 Speaker 7: it worth a million and a half, Is it worth 181 00:12:42,000 --> 00:12:48,000 Speaker 7: this amount? When you consider that high interest rates have 182 00:12:48,240 --> 00:12:54,640 Speaker 7: been throttling back the real estate market because the borrowing 183 00:12:54,760 --> 00:12:57,920 Speaker 7: costs for people. If I could afford a five hundred 184 00:12:57,920 --> 00:13:02,079 Speaker 7: thousand dollars home at two percent, but I can't afford 185 00:13:02,080 --> 00:13:05,760 Speaker 7: the payment at nine percent, then I can't buy the home. 186 00:13:06,320 --> 00:13:11,480 Speaker 7: If I can't buy the home on the average buyer, nobody. 187 00:13:11,000 --> 00:13:11,839 Speaker 2: Can buy the home. 188 00:13:12,480 --> 00:13:16,079 Speaker 7: So that means we drop down to four fifty. Still 189 00:13:16,120 --> 00:13:18,480 Speaker 7: can't buy the home at nine percent interest, So we 190 00:13:18,559 --> 00:13:22,360 Speaker 7: dropped down to four hundred. The longer that home sets 191 00:13:23,080 --> 00:13:26,599 Speaker 7: the change in expectation, so that person, in order to 192 00:13:26,640 --> 00:13:28,920 Speaker 7: sell their home is going to have I wanted that 193 00:13:28,960 --> 00:13:31,440 Speaker 7: home at five hundred, but I can't afford it, I'll 194 00:13:31,440 --> 00:13:33,680 Speaker 7: buy it at four. Well, if I don't know any 195 00:13:33,720 --> 00:13:35,280 Speaker 7: dead on that home, and I've been sitting on this 196 00:13:35,640 --> 00:13:38,240 Speaker 7: home on the market for fifteen months, I'm going to 197 00:13:38,240 --> 00:13:41,640 Speaker 7: start dropping the price. So you see, the price is 198 00:13:41,720 --> 00:13:45,320 Speaker 7: kept artificially lower than they would be now. I know, 199 00:13:46,400 --> 00:13:49,160 Speaker 7: if you're in the home buying market right now, you're thinking, 200 00:13:49,240 --> 00:13:51,800 Speaker 7: is this dude crazy because he's seen what the prices are. 201 00:13:52,320 --> 00:13:56,240 Speaker 7: I know, and that is a very complicated question. We'll 202 00:13:56,240 --> 00:13:57,960 Speaker 7: get to it in a minute. Why home prices are 203 00:13:58,000 --> 00:14:00,760 Speaker 7: higher now than I think they should be. But with 204 00:14:00,880 --> 00:14:05,640 Speaker 7: regard to my prediction, and it's just a prediction, interest 205 00:14:05,720 --> 00:14:09,640 Speaker 7: rates are slowly falling. They have been steadily falling. We 206 00:14:09,679 --> 00:14:11,200 Speaker 7: haven't talked a lot about it, but they had been 207 00:14:11,240 --> 00:14:14,520 Speaker 7: steadily falling, and I think that through the summer and 208 00:14:14,640 --> 00:14:18,800 Speaker 7: fall they will continue. President Trump is pushing very hard 209 00:14:18,840 --> 00:14:21,720 Speaker 7: for an interest rate cut. I would like to see 210 00:14:21,720 --> 00:14:27,880 Speaker 7: that interest rate cut come Q four or Q one 211 00:14:28,160 --> 00:14:31,120 Speaker 7: of twenty twenty six. And the reason is it is 212 00:14:31,200 --> 00:14:35,960 Speaker 7: going to spur an overnight boom. You're going to see 213 00:14:36,000 --> 00:14:40,600 Speaker 7: a lot of activity, a lot of excitement, and things 214 00:14:40,600 --> 00:14:43,680 Speaker 7: are great again. Trump fixed all the problems. That's how 215 00:14:43,720 --> 00:14:48,320 Speaker 7: people think. When that happens, it's going to have an 216 00:14:48,320 --> 00:14:52,680 Speaker 7: inflationary effect. But the inflationary effect on the public psyche 217 00:14:53,160 --> 00:14:56,600 Speaker 7: lags behind the overnight sensation of being able to buy 218 00:14:56,600 --> 00:15:00,360 Speaker 7: a new home. When those interest rates come down, let's 219 00:15:00,360 --> 00:15:05,640 Speaker 7: say they get under five. I don't know that we're 220 00:15:05,640 --> 00:15:08,480 Speaker 7: going to see two percent interest rates again, but when 221 00:15:08,480 --> 00:15:10,680 Speaker 7: the interest rates get down below five. They got below 222 00:15:10,720 --> 00:15:12,520 Speaker 7: four would be crazy, but let's just say they get 223 00:15:12,520 --> 00:15:16,600 Speaker 7: below five. All of a sudden, people can afford a 224 00:15:16,680 --> 00:15:18,760 Speaker 7: lot more home than they could have over the last 225 00:15:18,760 --> 00:15:22,280 Speaker 7: few years for new buyers and people that couldn't sell 226 00:15:22,320 --> 00:15:24,440 Speaker 7: their homes are going to put those homes back on 227 00:15:24,480 --> 00:15:26,240 Speaker 7: the market, and you're going to see a lot of 228 00:15:26,280 --> 00:15:28,200 Speaker 7: people borrowing money buying. 229 00:15:28,520 --> 00:15:29,680 Speaker 2: But it's not just homes. 230 00:15:30,280 --> 00:15:32,240 Speaker 7: Mac will tell you a lot of people come in 231 00:15:32,320 --> 00:15:33,960 Speaker 7: and buy a house full of furniture. 232 00:15:34,320 --> 00:15:37,560 Speaker 2: I've been there, I've watched when. 233 00:15:37,360 --> 00:15:39,960 Speaker 7: Someone has spent three hundred thousand dollars at gallery furniture 234 00:15:41,360 --> 00:15:45,840 Speaker 7: when you don't Not very many people spend three hundred 235 00:15:45,840 --> 00:15:48,520 Speaker 7: thousand dollars on furniture at a time. But there are 236 00:15:48,520 --> 00:15:52,240 Speaker 7: people that get relocated to Houston and they come in 237 00:15:52,400 --> 00:15:55,600 Speaker 7: and they're outfitting an entire home with beds and couches 238 00:15:55,640 --> 00:16:01,520 Speaker 7: and everything. It's cars, it's furniture, it's homes. Well, here's 239 00:16:01,560 --> 00:16:04,440 Speaker 7: the problem. When the interest rates come down, people can 240 00:16:04,480 --> 00:16:06,600 Speaker 7: borrow more, so they buy more. It drives the price up, 241 00:16:06,640 --> 00:16:09,240 Speaker 7: So home prices are going to go way up. 242 00:16:09,560 --> 00:16:13,880 Speaker 2: In my opinion, Q four of this year, I was boded. 243 00:16:18,360 --> 00:16:20,040 Speaker 7: I'm gonna hold me back because I'm about to say 244 00:16:20,040 --> 00:16:22,560 Speaker 7: something dramatic and I don't know if I can defend it. 245 00:16:22,600 --> 00:16:27,280 Speaker 7: After I said it, I'll stick to my favorite as 246 00:16:27,320 --> 00:16:31,320 Speaker 7: in rather than the greatest, because you can't argue somebody's favorite. 247 00:16:31,360 --> 00:16:34,240 Speaker 2: That's their favorite no matter, there's no right or wrong 248 00:16:34,280 --> 00:16:34,560 Speaker 2: to them. 249 00:16:37,640 --> 00:16:39,880 Speaker 7: The use of brass in this song is a top 250 00:16:40,000 --> 00:16:43,600 Speaker 7: five use of grass in music. 251 00:16:45,320 --> 00:16:48,720 Speaker 2: For me of all time, maybe a top three. 252 00:16:48,800 --> 00:16:51,880 Speaker 7: I don't want to go beyond that, because you know, 253 00:16:52,000 --> 00:16:54,960 Speaker 7: when Rick James says temptations blow, that's that's a moment. 254 00:16:55,120 --> 00:16:59,800 Speaker 7: You know, there's an Elvis arrangement with the phil Harmonic. 255 00:17:00,560 --> 00:17:04,679 Speaker 7: There's a few there's a few times that that a 256 00:17:05,800 --> 00:17:10,080 Speaker 7: it's almost always sacks, but there's a few times where 257 00:17:10,320 --> 00:17:15,000 Speaker 7: the brass comes in and it just changes everything. Uh. 258 00:17:15,040 --> 00:17:18,440 Speaker 2: Several questions during the during the break on the home. 259 00:17:19,880 --> 00:17:22,520 Speaker 7: Sell issue. I don't want to get too deep into 260 00:17:22,520 --> 00:17:25,160 Speaker 7: that because it's not what we do. It's something I'm 261 00:17:25,200 --> 00:17:28,399 Speaker 7: passionate about and I care deeply about, and I was 262 00:17:28,440 --> 00:17:30,960 Speaker 7: asked the question, so I gave the answer. But the 263 00:17:31,000 --> 00:17:34,560 Speaker 7: way that works is if interest rates continue to come down, 264 00:17:34,760 --> 00:17:38,040 Speaker 7: and they are they are dropping right now, very slowly, 265 00:17:38,760 --> 00:17:42,439 Speaker 7: too slow for my taste. If interest rates continue to 266 00:17:42,480 --> 00:17:46,040 Speaker 7: come down and we see rates under five percent, so 267 00:17:46,480 --> 00:17:51,119 Speaker 7: fours especially low fours. That's going to make borrowing cheaper. 268 00:17:52,119 --> 00:17:56,240 Speaker 7: When people have access to capital, they go get that 269 00:17:56,320 --> 00:18:00,040 Speaker 7: capital and they go get more of it, and that 270 00:18:00,040 --> 00:18:03,320 Speaker 7: that means when when you have more money available to you, 271 00:18:03,840 --> 00:18:07,120 Speaker 7: when you can get you know, people will go look 272 00:18:07,160 --> 00:18:09,640 Speaker 7: at homes and they'll fall in love with a home, 273 00:18:09,680 --> 00:18:12,199 Speaker 7: and I use the number five hundred. It's just an 274 00:18:12,240 --> 00:18:14,800 Speaker 7: easy round number. They fall in love with a house 275 00:18:16,680 --> 00:18:18,960 Speaker 7: and then they see if they're going to get approof 276 00:18:19,000 --> 00:18:21,480 Speaker 7: of the loan. If they can't get a proof of 277 00:18:21,520 --> 00:18:23,040 Speaker 7: that loan, it doesn't matter how much they like the 278 00:18:23,080 --> 00:18:28,040 Speaker 7: house because they can't buy it. Because people are financing 279 00:18:28,960 --> 00:18:36,520 Speaker 7: typically eighty percent or more of the purchase price, and 280 00:18:36,600 --> 00:18:39,800 Speaker 7: what you can afford to pay per month, people tend 281 00:18:39,840 --> 00:18:42,200 Speaker 7: to think of it ass backwards and they'll go, well, 282 00:18:42,240 --> 00:18:45,240 Speaker 7: we can spend you know, four hundred dollars a month 283 00:18:45,240 --> 00:18:47,960 Speaker 7: of a mortgage one thousand dollars a month of a mortgage, 284 00:18:48,160 --> 00:18:51,119 Speaker 7: and then they back in. That's the worst way to 285 00:18:51,119 --> 00:18:53,680 Speaker 7: do it. The biggest trick in the book is when 286 00:18:53,720 --> 00:18:55,520 Speaker 7: you walk into a car lot and they say, well, 287 00:18:55,520 --> 00:18:58,600 Speaker 7: what are you looking to spend not purchase price, what 288 00:18:58,640 --> 00:19:02,120 Speaker 7: are you looking to spend per month. Once they have 289 00:19:02,320 --> 00:19:06,800 Speaker 7: that number, they can they can push that that that 290 00:19:06,960 --> 00:19:10,360 Speaker 7: purchase price or lease out as far as you want 291 00:19:10,400 --> 00:19:13,119 Speaker 7: to go, as far as you want to go to 292 00:19:13,160 --> 00:19:14,080 Speaker 7: get that payment down. 293 00:19:15,119 --> 00:19:15,960 Speaker 2: Is it good. 294 00:19:15,680 --> 00:19:19,800 Speaker 7: Fundamentals of personal finance? No, it's horrible. It's terrible. 295 00:19:20,560 --> 00:19:23,080 Speaker 2: Is it tempting? Yeah? 296 00:19:23,160 --> 00:19:25,200 Speaker 7: Because who doesn't enjoy driving off a lot in a 297 00:19:25,240 --> 00:19:28,240 Speaker 7: new vehicle. Who doesn't enjoy getting the keys to a 298 00:19:28,280 --> 00:19:31,400 Speaker 7: home you never believed you could you could afford. It's 299 00:19:31,400 --> 00:19:37,199 Speaker 7: a wonderful feeling. So when those interest rates get lower, 300 00:19:37,880 --> 00:19:41,520 Speaker 7: it's going to heat up the home buyer's market and 301 00:19:41,560 --> 00:19:44,199 Speaker 7: as people put their home on the market because now 302 00:19:44,200 --> 00:19:45,520 Speaker 7: they can get more for it, because it's going to 303 00:19:45,600 --> 00:19:50,680 Speaker 7: drive prices up as competition increases, as money is more 304 00:19:50,720 --> 00:19:54,400 Speaker 7: available to everyone, Then you get into a bidding war. 305 00:19:54,920 --> 00:19:58,080 Speaker 7: You've been to an auction, You sat at somebody's table 306 00:19:58,359 --> 00:20:01,679 Speaker 7: at an auction that that that they bought because honoring their. 307 00:20:01,560 --> 00:20:02,359 Speaker 2: CEO or whatever. 308 00:20:03,240 --> 00:20:06,600 Speaker 7: You see that the money is raised from the competitive 309 00:20:06,600 --> 00:20:09,920 Speaker 7: spirit of two people wanting something and only having one 310 00:20:09,920 --> 00:20:16,040 Speaker 7: of them. And that's what happens with homes. Now you 311 00:20:16,119 --> 00:20:20,240 Speaker 7: start seeing home prices increase, and you start seeing the 312 00:20:21,440 --> 00:20:22,960 Speaker 7: trickle effect. 313 00:20:23,400 --> 00:20:25,320 Speaker 2: It's a ripple actually. 314 00:20:24,960 --> 00:20:29,520 Speaker 7: Because as one person sells that home, they either move 315 00:20:29,600 --> 00:20:31,800 Speaker 7: to a bigger home. Typically they'll move to a bigger home, 316 00:20:32,200 --> 00:20:34,160 Speaker 7: so that puts them in the market as so they're 317 00:20:34,200 --> 00:20:37,000 Speaker 7: both a seller and a new buyer. And you see 318 00:20:37,040 --> 00:20:41,080 Speaker 7: people leap frogging from home to home, Well, that fires 319 00:20:41,200 --> 00:20:44,480 Speaker 7: up all of those industries again. That fires up the 320 00:20:45,520 --> 00:20:50,679 Speaker 7: home mortgage industry, the title business, the home improvement because 321 00:20:50,680 --> 00:20:54,160 Speaker 7: people engage in home improvement more often than not because 322 00:20:54,160 --> 00:20:56,080 Speaker 7: they're getting ready to sell a house or they've just 323 00:20:56,119 --> 00:20:56,680 Speaker 7: bought a house. 324 00:20:57,280 --> 00:20:58,680 Speaker 2: It's the damnedest thing to watch. 325 00:20:59,280 --> 00:21:02,200 Speaker 7: People will spend money getting their home ready to show 326 00:21:02,880 --> 00:21:05,919 Speaker 7: we can all these improvements. People going, I love this, 327 00:21:06,720 --> 00:21:08,480 Speaker 7: and then they move in and then they do it 328 00:21:08,480 --> 00:21:12,359 Speaker 7: all over again. It's crazy, but it's so you got 329 00:21:12,560 --> 00:21:16,480 Speaker 7: so you have all that activity. Well, that activity means 330 00:21:16,640 --> 00:21:22,080 Speaker 7: that all the service providers are back to work, and 331 00:21:22,119 --> 00:21:27,200 Speaker 7: that is plumbers, foundation, electricians, all of that that had 332 00:21:27,240 --> 00:21:31,560 Speaker 7: slowed starts ramping back up. And I think you're going 333 00:21:31,640 --> 00:21:33,760 Speaker 7: to see that and you're going to see home prices increase. 334 00:21:34,080 --> 00:21:37,000 Speaker 7: So my suggestion what I would do if I were 335 00:21:37,000 --> 00:21:39,040 Speaker 7: in that situation. I'm not, but what I would do 336 00:21:39,040 --> 00:21:42,000 Speaker 7: if I was in that situation. If you know you're 337 00:21:42,000 --> 00:21:43,960 Speaker 7: going to buy by the end of the year, is 338 00:21:44,000 --> 00:21:48,440 Speaker 7: by now at the higher interest rate and refinance when 339 00:21:48,440 --> 00:21:52,320 Speaker 7: the rates drop. We have a new show sponsor coming 340 00:21:52,320 --> 00:21:55,800 Speaker 7: on shortly that is a supreme impressive story. It's a 341 00:21:55,840 --> 00:22:02,240 Speaker 7: husband wife team and they're a mortgage company and their business. 342 00:22:02,800 --> 00:22:06,840 Speaker 7: I'm tracking their business to see what the consumer response 343 00:22:07,040 --> 00:22:09,760 Speaker 7: is to these rates starting to drop, because there hasn't 344 00:22:09,800 --> 00:22:11,720 Speaker 7: been much written about it, so people don't know it. 345 00:22:12,359 --> 00:22:15,399 Speaker 7: And the mortgage companies went off the air. You remember 346 00:22:16,359 --> 00:22:19,480 Speaker 7: you used to hear a mortgage company add every commercial 347 00:22:19,480 --> 00:22:23,000 Speaker 7: break on our show, especially, you would there were multiple 348 00:22:23,160 --> 00:22:26,600 Speaker 7: the national guys and the local guys. Every break, you 349 00:22:26,600 --> 00:22:30,720 Speaker 7: would hear mortgage ads. You almost don't hear a mortgage 350 00:22:30,720 --> 00:22:35,120 Speaker 7: company add anymore because the market dried up. Nobody wants 351 00:22:35,160 --> 00:22:39,320 Speaker 7: to refinance. The only thing they're writing paper for is 352 00:22:39,440 --> 00:22:42,720 Speaker 7: new loans. Nobody wants to refinance when rates were eight 353 00:22:42,760 --> 00:22:44,840 Speaker 7: and nine percent. I mean, you'd had to be in 354 00:22:44,880 --> 00:22:47,280 Speaker 7: a really bad loan because you're only going to refinance 355 00:22:47,280 --> 00:22:48,960 Speaker 7: if you're getting a better rate. You'd had to be 356 00:22:49,040 --> 00:22:51,479 Speaker 7: in a really bad loan to need a refinance at 357 00:22:51,480 --> 00:22:55,040 Speaker 7: that rate. But when these rates get down below five, 358 00:22:55,400 --> 00:22:57,680 Speaker 7: you've got people who bought you, maybe one of them 359 00:22:57,960 --> 00:23:01,880 Speaker 7: who bought at aid. You run the numbers on what 360 00:23:01,920 --> 00:23:05,480 Speaker 7: that drops your payment down. It's a pretty amazing thing. 361 00:23:05,720 --> 00:23:09,640 Speaker 7: And again it's all a question of the cost of money. 362 00:23:10,240 --> 00:23:15,199 Speaker 7: Free money, which is almost essentially what we had for 363 00:23:15,280 --> 00:23:18,120 Speaker 7: quite some time, the likes of which we've never seen 364 00:23:18,840 --> 00:23:21,399 Speaker 7: interest rates so low that the money was almost free. 365 00:23:22,520 --> 00:23:23,240 Speaker 2: When you're down in. 366 00:23:23,240 --> 00:23:26,879 Speaker 7: The twos, it's it's amazing. Well, when you have that 367 00:23:27,040 --> 00:23:32,640 Speaker 7: much money available, Monetary policy fundamentals will tell you when 368 00:23:32,680 --> 00:23:34,480 Speaker 7: you have that much money available, you're gonna have that 369 00:23:34,600 --> 00:23:36,560 Speaker 7: much money spent. And when you have that much money spent, 370 00:23:36,600 --> 00:23:38,919 Speaker 7: you're going to drive prices up, and that's when you 371 00:23:38,960 --> 00:23:42,880 Speaker 7: get inflation. A couple that with the supply chain problems 372 00:23:42,920 --> 00:23:45,760 Speaker 7: coming out of China, and that's what we saw that 373 00:23:46,119 --> 00:23:48,200 Speaker 7: that was a big part. 374 00:23:48,720 --> 00:23:49,200 Speaker 3: You want to. 375 00:23:50,760 --> 00:23:52,760 Speaker 12: Just to say the word and I'll throw asshol around it. 376 00:23:52,920 --> 00:24:00,320 Speaker 2: Pull down. 377 00:24:01,600 --> 00:24:12,240 Speaker 13: I feeled in my nostrils, I feel in my throat. 378 00:24:12,760 --> 00:24:15,400 Speaker 13: Pollen is all around us. 379 00:24:16,640 --> 00:24:29,440 Speaker 14: Everything yellow, It's carried by the window, it's everywhere I go. 380 00:24:34,760 --> 00:24:40,600 Speaker 14: It's not damage breaking, it's first in now mine. 381 00:24:42,920 --> 00:24:45,560 Speaker 5: The bulldoz Or taps the tree and caught a pollen 382 00:24:45,680 --> 00:24:47,800 Speaker 5: purse from the branches. You can see the pond is 383 00:24:47,880 --> 00:24:50,840 Speaker 5: so thick that it actually replicates the tree. 384 00:24:51,119 --> 00:24:52,840 Speaker 2: You know why hain't bolling? 385 00:24:53,119 --> 00:24:54,720 Speaker 6: Not always will. 386 00:24:56,680 --> 00:25:03,639 Speaker 15: My mind's made of the waiter for you, waters, my eyes, 387 00:25:03,800 --> 00:25:10,560 Speaker 15: stuff suck my nose. Yeah, all this fallen has got 388 00:25:10,600 --> 00:25:11,359 Speaker 15: to go. 389 00:25:15,520 --> 00:25:17,720 Speaker 14: The trees are getting busies. 390 00:25:19,000 --> 00:25:21,240 Speaker 2: The proofsive way. 391 00:25:26,560 --> 00:25:31,359 Speaker 13: It's making me my eyes it cheese, and it is 392 00:25:31,560 --> 00:25:32,200 Speaker 13: in thing. 393 00:25:41,359 --> 00:25:43,160 Speaker 6: You know, I hate pollen. 394 00:25:43,440 --> 00:25:45,040 Speaker 2: I always wield. 395 00:25:46,920 --> 00:25:49,600 Speaker 13: My mind's made up the waiter. 396 00:25:49,960 --> 00:25:56,080 Speaker 15: I feel waters, my eyes, stuff suck my nose. 397 00:25:57,160 --> 00:26:00,920 Speaker 6: Yet, all this fallen that's got you. 398 00:26:06,440 --> 00:26:07,840 Speaker 2: It makes you want to cough and sneeze. 399 00:26:08,040 --> 00:26:09,640 Speaker 7: We're just looking at it just gives you that kind 400 00:26:09,640 --> 00:26:12,720 Speaker 7: of like tingle or really bad Daniel. I'm like, there's 401 00:26:12,760 --> 00:26:14,360 Speaker 7: got a couple of boxes of tissues. 402 00:26:14,000 --> 00:26:14,520 Speaker 6: Back there for me. 403 00:26:14,600 --> 00:26:14,960 Speaker 2: It's bad. 404 00:26:15,000 --> 00:26:15,959 Speaker 3: It's bad as the time of the year. 405 00:26:16,000 --> 00:26:18,000 Speaker 7: A sylergy suffers no way, and it's going to stay bad. 406 00:26:18,040 --> 00:26:20,119 Speaker 2: Everything blooming, blossoming, And this is the time of the 407 00:26:20,200 --> 00:26:20,479 Speaker 2: year too. 408 00:26:20,480 --> 00:26:22,160 Speaker 7: You don't want to wash your Cards' just gonna get green. 409 00:26:22,200 --> 00:26:28,320 Speaker 6: The next day. 410 00:26:31,440 --> 00:26:33,040 Speaker 14: I'm tired of all the bookies. 411 00:26:35,440 --> 00:26:36,080 Speaker 15: I'm tired of. 412 00:26:41,920 --> 00:26:46,880 Speaker 1: I'm sick of all this fall. I'm tired of blowing 413 00:26:47,160 --> 00:26:53,840 Speaker 1: my noon. I'm tired of blowing moon. 414 00:26:59,080 --> 00:27:16,000 Speaker 15: Sual this I'm outside of blowing. 415 00:27:16,560 --> 00:27:27,960 Speaker 2: Mind to think of. 416 00:27:30,320 --> 00:27:38,600 Speaker 7: How much of human existence is devoted to the reproductive process, 417 00:27:38,800 --> 00:27:47,720 Speaker 7: reproduction of the species, from the courting process to the marriage, 418 00:27:48,359 --> 00:27:58,280 Speaker 7: the birthing, the raising, And here we are interrupting the 419 00:27:58,320 --> 00:28:05,080 Speaker 7: plant life's reproduct dive cycle. They're getting it on. They're no, 420 00:28:05,119 --> 00:28:09,320 Speaker 7: they're not horny. Ramon, do you even know what that 421 00:28:09,359 --> 00:28:17,080 Speaker 7: word means? You let Loretta Lynn, it's not that you 422 00:28:17,119 --> 00:28:21,000 Speaker 7: remember that scene in The Coal Miners Daughter, when when 423 00:28:21,080 --> 00:28:26,000 Speaker 7: Loretta Lynn. I love the Loretta Lynn story. See if 424 00:28:26,040 --> 00:28:30,120 Speaker 7: you can find it. I love the Loretta Lynn story 425 00:28:30,680 --> 00:28:34,280 Speaker 7: because she really was a country pumpkin. 426 00:28:35,119 --> 00:28:40,520 Speaker 2: And all of the purity and innocence that goes with that. 427 00:28:41,440 --> 00:28:45,400 Speaker 7: She just exuded it, and she knew it, and she 428 00:28:45,480 --> 00:28:47,280 Speaker 7: didn't try to be that was her brand. 429 00:28:47,600 --> 00:28:48,360 Speaker 2: She embraced it. 430 00:28:48,360 --> 00:28:51,760 Speaker 7: She didn't try to be anything she wasn't. She was 431 00:28:51,800 --> 00:28:54,680 Speaker 7: so good in those fried chicken commercials. I wanted to 432 00:28:54,680 --> 00:28:58,360 Speaker 7: eat fried chicken so bad, so bad. And they had 433 00:28:58,400 --> 00:29:00,920 Speaker 7: her in shirts that were just they and long sleeve 434 00:29:01,360 --> 00:29:03,280 Speaker 7: button up shirts that were just a little too tight 435 00:29:03,480 --> 00:29:05,800 Speaker 7: to show up her show off her chest. And they 436 00:29:05,840 --> 00:29:07,600 Speaker 7: had her made up just right, not too much, not 437 00:29:07,640 --> 00:29:11,480 Speaker 7: too little. And she boys, she hammed up that butcher 438 00:29:11,520 --> 00:29:15,800 Speaker 7: holler uh uh accent like, oh, you got it all right? 439 00:29:15,840 --> 00:29:20,440 Speaker 7: So this was this was called dude gets to acting horny. 440 00:29:21,400 --> 00:29:23,760 Speaker 9: Been driving so much a money? Know where I am after? 441 00:29:24,720 --> 00:29:27,520 Speaker 9: Oh it's fun though, you know. We were signing and 442 00:29:27,680 --> 00:29:31,360 Speaker 9: talk and do he detecting horney? 443 00:29:31,960 --> 00:29:37,680 Speaker 2: And the more I laughed, the horn She had no 444 00:29:38,280 --> 00:29:42,600 Speaker 2: idea what she was saying. And I love that. 445 00:29:43,000 --> 00:29:47,480 Speaker 7: I love everything about love everything about. 446 00:29:48,280 --> 00:29:49,440 Speaker 2: We. 447 00:29:49,440 --> 00:29:52,160 Speaker 7: We have been paying attention to local school board races 448 00:29:52,280 --> 00:29:55,160 Speaker 7: more than usual of late. 449 00:29:55,960 --> 00:29:59,440 Speaker 2: When I say local, I mean the Houston area. 450 00:29:59,680 --> 00:30:02,480 Speaker 7: And there is a candidate running for school board and 451 00:30:02,560 --> 00:30:04,440 Speaker 7: Katie the Liberals are trying to take back the school 452 00:30:04,440 --> 00:30:10,040 Speaker 7: board there and his name is James Cross. And sometimes, 453 00:30:10,360 --> 00:30:16,240 Speaker 7: ever so often, people will reveal what they really think. 454 00:30:16,480 --> 00:30:19,120 Speaker 7: Normally they hide it because they know that their views 455 00:30:19,120 --> 00:30:23,000 Speaker 7: are out of line. But occasionally they will slip up 456 00:30:24,040 --> 00:30:27,200 Speaker 7: and they will say to you something that is in 457 00:30:27,240 --> 00:30:30,240 Speaker 7: the inner recess that they keep hidden away that will 458 00:30:30,840 --> 00:30:34,040 Speaker 7: govern how that will guide how they govern. But they 459 00:30:34,040 --> 00:30:36,960 Speaker 7: would normally never say it. Well, this liberal made the 460 00:30:37,000 --> 00:30:41,840 Speaker 7: mistake and said it. That's the three oh one liberal, 461 00:30:41,920 --> 00:30:44,000 Speaker 7: Katie isd Sorry, I threw you off with the low 462 00:30:44,040 --> 00:30:46,200 Speaker 7: red lin got it. 463 00:30:47,240 --> 00:30:51,960 Speaker 16: We want to have that balance where we have from 464 00:30:51,960 --> 00:30:55,200 Speaker 16: our parents and their children and how the best served them. 465 00:30:55,600 --> 00:30:59,640 Speaker 16: Whether they always have the answer. I don't know that 466 00:30:59,720 --> 00:31:03,520 Speaker 16: they because they don't always know the best way to 467 00:31:03,720 --> 00:31:08,040 Speaker 16: educate their children. That's why we have teachers and enfocusing. 468 00:31:07,680 --> 00:31:08,880 Speaker 2: The world to help do that. 469 00:31:09,240 --> 00:31:10,520 Speaker 14: To partner with those. 470 00:31:10,400 --> 00:31:15,080 Speaker 2: Parents, say that one more time if you would or 471 00:31:15,120 --> 00:31:16,640 Speaker 2: play lord and. 472 00:31:16,760 --> 00:31:18,640 Speaker 16: Just sort of cause if we're going to have that 473 00:31:18,800 --> 00:31:22,720 Speaker 16: balance where we have to have a put from our 474 00:31:22,760 --> 00:31:25,800 Speaker 16: parents on their children and how the best served them, 475 00:31:26,200 --> 00:31:30,160 Speaker 16: whether they always have the right answer, I don't know 476 00:31:30,200 --> 00:31:33,000 Speaker 16: that they do, because they don't always know the best 477 00:31:33,040 --> 00:31:36,960 Speaker 16: way to educate their children. That's why we have teachers 478 00:31:37,000 --> 00:31:38,600 Speaker 16: and focusing. 479 00:31:38,240 --> 00:31:39,440 Speaker 2: The world to help do that. 480 00:31:39,800 --> 00:31:41,440 Speaker 16: To partner with those parents. 481 00:31:43,360 --> 00:31:49,400 Speaker 7: I will put the average homeschooled kid against the average 482 00:31:50,120 --> 00:31:56,080 Speaker 7: public school educated kid all day, every day, in any 483 00:31:56,160 --> 00:32:03,920 Speaker 7: academic competition, any measure that you want to make including socializing. 484 00:32:04,760 --> 00:32:08,080 Speaker 7: For years, the public school industry and it's an industry, 485 00:32:09,040 --> 00:32:13,760 Speaker 7: told us that you have to go to school because 486 00:32:13,800 --> 00:32:15,840 Speaker 7: otherwise you'll be freaky and creepy and you won't know 487 00:32:15,840 --> 00:32:17,160 Speaker 7: how to interact with people. You got to go to 488 00:32:17,200 --> 00:32:21,120 Speaker 7: school to learn. You got to be socialized. If nothing else, 489 00:32:21,160 --> 00:32:22,320 Speaker 7: you had to go to school so you can learn 490 00:32:22,360 --> 00:32:23,200 Speaker 7: to be around other people. 491 00:32:24,280 --> 00:32:25,760 Speaker 2: Have you seen what the schools look like? 492 00:32:25,840 --> 00:32:26,080 Speaker 9: Now? 493 00:32:27,320 --> 00:32:29,640 Speaker 7: You got that case in Katie where you got a 494 00:32:29,640 --> 00:32:35,840 Speaker 7: football player pummeling that girl. You see people being stabbed, beaten, bullied, 495 00:32:36,880 --> 00:32:39,840 Speaker 7: knocked around, the teachers knocked around. 496 00:32:40,200 --> 00:32:40,840 Speaker 2: No thanks,