1 00:00:00,640 --> 00:00:00,840 Speaker 1: Can't. 2 00:00:01,000 --> 00:00:02,000 Speaker 2: I am six forty. 3 00:00:02,120 --> 00:00:05,520 Speaker 1: You're listening to the John Cobelt podcast on the iHeartRadio app. 4 00:00:06,480 --> 00:00:09,119 Speaker 3: Lou Penrose in fora John Coblt this week. Thanks so 5 00:00:09,200 --> 00:00:12,680 Speaker 3: much for being with us. Well, we're here and this 6 00:00:12,800 --> 00:00:15,560 Speaker 3: day was going to come. The vacant lots for sale 7 00:00:15,600 --> 00:00:18,440 Speaker 3: are piling up after the LA fires, and investors are 8 00:00:18,480 --> 00:00:23,119 Speaker 3: buying them. Residents have long grappled with the decision wait 9 00:00:23,160 --> 00:00:28,160 Speaker 3: and rebuild or sell. Okfi's Michael Monks has been following 10 00:00:28,160 --> 00:00:30,080 Speaker 3: the story. It's a Red Finn story. 11 00:00:30,080 --> 00:00:30,400 Speaker 2: Michael. 12 00:00:30,720 --> 00:00:34,199 Speaker 3: Is it just for the Eton fire lots or is 13 00:00:34,200 --> 00:00:36,479 Speaker 3: it all the lots? We got a call during the 14 00:00:36,520 --> 00:00:39,560 Speaker 3: break that it doesn't containue. It's not doesn't apply to 15 00:00:39,600 --> 00:00:43,440 Speaker 3: the Palisades fire lots, but I assume they're next if it. 16 00:00:43,400 --> 00:00:44,120 Speaker 2: Doesn't cover them. 17 00:00:44,200 --> 00:00:48,600 Speaker 4: No, this, this report from Redfinn absolutely does cover both 18 00:00:48,640 --> 00:00:51,920 Speaker 4: of those major wildfires from last January. Does absolutely include 19 00:00:51,920 --> 00:00:55,720 Speaker 4: analysis of the Pacific Palisades as well. Redfin the real 20 00:00:55,840 --> 00:00:58,040 Speaker 4: estate company that also has real estate agents here on 21 00:00:58,080 --> 00:01:01,640 Speaker 4: the ground and produces online actorial content like this report. 22 00:01:02,080 --> 00:01:07,120 Speaker 4: They did an analysis of purchases of lots through county 23 00:01:07,160 --> 00:01:09,959 Speaker 4: records and found that about eighty percent of these lots 24 00:01:10,000 --> 00:01:12,200 Speaker 4: that had been sold recently did used to have a 25 00:01:12,200 --> 00:01:15,720 Speaker 4: house on them prior to burning down in the wildfires. 26 00:01:15,760 --> 00:01:19,320 Speaker 4: And that's both in Altadena and Pacific Palisades. And about 27 00:01:19,760 --> 00:01:22,920 Speaker 4: two and five or forty percent of them have been 28 00:01:22,959 --> 00:01:26,600 Speaker 4: purchased by investors by raw numbers, that's out of one 29 00:01:26,680 --> 00:01:31,319 Speaker 4: hundred and nineteen sales in Pacific Palisades, forty eight of 30 00:01:31,360 --> 00:01:34,880 Speaker 4: them purchased by investors, for example, thirty four out of 31 00:01:34,920 --> 00:01:39,440 Speaker 4: sixty one in Altadena. And so the concern from neighbors 32 00:01:39,440 --> 00:01:42,720 Speaker 4: who are either rebuilding in the Palisades or in Altadena, 33 00:01:42,880 --> 00:01:45,319 Speaker 4: or planning to rebuild or did not have to rebuild 34 00:01:45,319 --> 00:01:48,960 Speaker 4: they were more fortunate. They're worried about the future of 35 00:01:48,960 --> 00:01:52,800 Speaker 4: their neighborhood in a way that goes beyond they're already 36 00:01:52,840 --> 00:01:55,160 Speaker 4: existing in obvious worries because of the fires. 37 00:01:55,640 --> 00:01:58,000 Speaker 3: Yeah, I mean it's been a good the amount of time. Now, 38 00:01:58,000 --> 00:02:00,320 Speaker 3: this is a really sad story, but it is what 39 00:02:00,360 --> 00:02:02,800 Speaker 3: it is. The houses are gone, and it's going to 40 00:02:02,840 --> 00:02:05,480 Speaker 3: be a while before the houses are back, and it 41 00:02:05,920 --> 00:02:08,200 Speaker 3: likely will not be anything like the way it was. 42 00:02:08,440 --> 00:02:09,320 Speaker 2: But people move on. 43 00:02:09,280 --> 00:02:11,960 Speaker 3: With their lives, right, They're not just hanging out at 44 00:02:11,960 --> 00:02:15,919 Speaker 3: a comfort in for this last year, waiting to start building. 45 00:02:15,960 --> 00:02:18,440 Speaker 3: I mean, people have clearly decided, all right, look fisher 46 00:02:18,480 --> 00:02:22,440 Speaker 3: cup bait, let's cut bait and take whatever insurance we 47 00:02:22,440 --> 00:02:24,519 Speaker 3: were able to get. Or if somebody's willing to buy 48 00:02:24,520 --> 00:02:26,440 Speaker 3: the dirt, make an offer and we. 49 00:02:26,440 --> 00:02:28,200 Speaker 2: Will just restart. That's exactly right. 50 00:02:28,240 --> 00:02:30,440 Speaker 4: I mean, there are folks who I mean, we're almost 51 00:02:30,480 --> 00:02:35,320 Speaker 4: exactly one year away from the start of these wildfires. 52 00:02:35,320 --> 00:02:37,800 Speaker 4: So if you are not back in your home, and 53 00:02:37,919 --> 00:02:40,240 Speaker 4: odds are you are not back in a home in 54 00:02:40,280 --> 00:02:42,520 Speaker 4: either of those places because of the damage you incurred, 55 00:02:43,560 --> 00:02:44,320 Speaker 4: you might have moved on. 56 00:02:44,440 --> 00:02:44,960 Speaker 5: I mean, of. 57 00:02:44,840 --> 00:02:49,040 Speaker 4: Course you have these familial and traditional connections to the 58 00:02:49,040 --> 00:02:52,280 Speaker 4: Palisades or all to Data, but there are other places 59 00:02:52,320 --> 00:02:54,680 Speaker 4: to live, and if you've got an insurance check, you 60 00:02:54,760 --> 00:02:57,120 Speaker 4: probably want to get settled as fast as you can, 61 00:02:57,280 --> 00:03:00,480 Speaker 4: rather than wait for certain areas to be clear and 62 00:03:00,560 --> 00:03:03,160 Speaker 4: clean and safe enough to go through all of the permits. 63 00:03:03,680 --> 00:03:06,760 Speaker 4: If somebody comes in with an attractive offer, you might 64 00:03:06,880 --> 00:03:10,960 Speaker 4: just cut loose and say goodbye. In fact, this redfit 65 00:03:11,040 --> 00:03:15,120 Speaker 4: analysis found that several people who lost their homes in 66 00:03:15,160 --> 00:03:18,400 Speaker 4: the Palisades they moved on. They bought houses in Santa Monica, 67 00:03:18,440 --> 00:03:22,239 Speaker 4: Santa Barbara, Manhattan Beach, Orange County, San Diego. One of 68 00:03:22,280 --> 00:03:25,640 Speaker 4: the real estate agents who participated in this analysis says 69 00:03:26,560 --> 00:03:31,799 Speaker 4: he saw prices jump in the North of Montana neighborhood 70 00:03:31,800 --> 00:03:34,760 Speaker 4: of Santa Monica by ten percent and saw bidding wars 71 00:03:34,760 --> 00:03:38,080 Speaker 4: on eleven million dollar homes, and he credits that to 72 00:03:38,160 --> 00:03:40,200 Speaker 4: people who aren't going back to the Palisades. 73 00:03:40,720 --> 00:03:43,440 Speaker 3: I saw that, I mean not that long after the fire. 74 00:03:43,480 --> 00:03:46,040 Speaker 3: I saw real estate agents that specialized in Newport Beach 75 00:03:46,040 --> 00:03:49,000 Speaker 3: in Orange County and also in La Jolla in San 76 00:03:49,000 --> 00:03:53,160 Speaker 3: Diego County. So people were already making they were considering, right, 77 00:03:53,680 --> 00:03:56,160 Speaker 3: nothing else to do? You have no house, and you're 78 00:03:56,160 --> 00:03:59,600 Speaker 3: just sitting around wondering what's next, and certainly you know 79 00:03:59,720 --> 00:04:03,920 Speaker 3: just I mean, just pulling out all together and starting 80 00:04:03,920 --> 00:04:06,160 Speaker 3: and laying roots down in a whole other corner of 81 00:04:06,200 --> 00:04:08,640 Speaker 3: southern California, if you can, is an option. 82 00:04:08,800 --> 00:04:11,520 Speaker 4: And what we're seeing is what as you noted at 83 00:04:11,560 --> 00:04:14,240 Speaker 4: the top here, one of the initial worries in the 84 00:04:14,280 --> 00:04:17,280 Speaker 4: aftermath of the fire was who comes in and buys 85 00:04:17,320 --> 00:04:20,479 Speaker 4: this property? Who's going to come in and exploit this situation? 86 00:04:20,920 --> 00:04:25,040 Speaker 4: And it is a concern that these boogeyman investors are 87 00:04:25,080 --> 00:04:27,240 Speaker 4: coming in and doing this. But what we don't get 88 00:04:27,279 --> 00:04:29,400 Speaker 4: spelled out in this report, and I haven't heard back 89 00:04:29,400 --> 00:04:32,400 Speaker 4: from Redfinn despite my request to get a little more 90 00:04:32,440 --> 00:04:33,360 Speaker 4: on this analysis. 91 00:04:33,800 --> 00:04:37,880 Speaker 2: What does it mean that it investor has purchased the property? 92 00:04:38,320 --> 00:04:41,400 Speaker 4: I mean, is it somebody who's got one of those 93 00:04:42,279 --> 00:04:45,560 Speaker 4: you know, mean faces and handlebar mustaches that they're trilling 94 00:04:45,560 --> 00:04:46,120 Speaker 4: and riking out. 95 00:04:46,960 --> 00:04:50,039 Speaker 2: Or is the monopoly man has moved in next door? Yeah? 96 00:04:50,160 --> 00:04:52,240 Speaker 2: Or is it just a company that's like, you know, 97 00:04:52,279 --> 00:04:53,160 Speaker 2: what we do for a living. 98 00:04:53,279 --> 00:04:56,440 Speaker 4: We build nice houses on available property and then we 99 00:04:56,480 --> 00:04:59,640 Speaker 4: sell them to good families so that we don't know. 100 00:04:59,680 --> 00:05:04,239 Speaker 4: I think investors is justifiably a scary term for folks, 101 00:05:04,480 --> 00:05:07,080 Speaker 4: and yes, you should pay attention who's buying the land 102 00:05:07,279 --> 00:05:09,760 Speaker 4: next to you, But it can't be possible that in 103 00:05:09,800 --> 00:05:12,080 Speaker 4: every one of these cases it's going to be a 104 00:05:12,080 --> 00:05:14,760 Speaker 4: bad outcome. There are folks who are buying this property 105 00:05:15,120 --> 00:05:18,480 Speaker 4: because they ultimately hope to develop it and make money 106 00:05:18,480 --> 00:05:20,480 Speaker 4: on it. I would just like some more specifics from 107 00:05:20,520 --> 00:05:23,479 Speaker 4: redfin on what exactly that looks like. 108 00:05:23,800 --> 00:05:24,320 Speaker 2: Now. 109 00:05:24,480 --> 00:05:29,200 Speaker 4: The interesting thing, Lou is that it seems that the 110 00:05:29,440 --> 00:05:33,240 Speaker 4: amount of land that was available has increased, and so 111 00:05:33,440 --> 00:05:36,520 Speaker 4: now the market is a bit flooded with these lots. 112 00:05:36,560 --> 00:05:38,719 Speaker 4: So what does that mean for folks who might have 113 00:05:38,760 --> 00:05:41,160 Speaker 4: waited a little longer before deciding that they just say 114 00:05:41,200 --> 00:05:43,000 Speaker 4: the heck with it, let's put this up for sale. 115 00:05:43,040 --> 00:05:46,239 Speaker 4: Did they miss out that remains to be seen? 116 00:05:47,080 --> 00:05:49,720 Speaker 2: So they call it land speculation for reasons. Speculation is 117 00:05:49,760 --> 00:05:50,080 Speaker 2: a word. 118 00:05:50,560 --> 00:05:54,160 Speaker 3: So there clearly there's going to be people with means 119 00:05:54,279 --> 00:05:57,599 Speaker 3: and monies or money behind them to say, hey, this 120 00:05:57,680 --> 00:05:59,080 Speaker 3: is a beautiful piece of real estate. 121 00:05:59,320 --> 00:06:00,600 Speaker 2: We don't know what that's going to happen. 122 00:06:00,640 --> 00:06:03,039 Speaker 3: California is very hard to predict the future with respect 123 00:06:03,080 --> 00:06:06,279 Speaker 3: to zoning and housing and everything else. We have willing 124 00:06:06,360 --> 00:06:09,760 Speaker 3: sellers and willing buyers. Why not just buy and hold 125 00:06:09,760 --> 00:06:10,919 Speaker 3: and wait and see what happens. 126 00:06:11,320 --> 00:06:12,320 Speaker 2: I mean, you could. 127 00:06:12,160 --> 00:06:14,440 Speaker 3: Buy and hold that land for a long time and 128 00:06:15,040 --> 00:06:18,360 Speaker 3: conditions could change, and Los Angeles may find themselves in 129 00:06:18,400 --> 00:06:20,920 Speaker 3: a position, hey, you know what, we need to deregulate 130 00:06:20,960 --> 00:06:23,400 Speaker 3: and let's get some houses there. We need taxes and 131 00:06:23,640 --> 00:06:25,719 Speaker 3: let people just bill bill bill it. And then the 132 00:06:25,760 --> 00:06:27,240 Speaker 3: speculation would have been a good one. 133 00:06:27,320 --> 00:06:29,520 Speaker 4: If you are somebody who's a little more cash rich, 134 00:06:29,640 --> 00:06:32,080 Speaker 4: and you can play that speculation game. You might be 135 00:06:32,120 --> 00:06:36,480 Speaker 4: one of the investors that neighbors have justified being worried about, because, 136 00:06:36,839 --> 00:06:38,960 Speaker 4: like you just noted, you could hold onto that land 137 00:06:38,960 --> 00:06:41,640 Speaker 4: and not do anything with it because you're playing a 138 00:06:41,800 --> 00:06:44,680 Speaker 4: longer game. You don't need to flip that return as 139 00:06:44,760 --> 00:06:47,799 Speaker 4: quickly as maybe a smaller investor who's new to this game. 140 00:06:48,080 --> 00:06:50,480 Speaker 4: So yeah, that is absolutely one of the concerns. 141 00:06:50,640 --> 00:06:53,400 Speaker 3: Now, the problem with that is if that's forty percent, 142 00:06:53,600 --> 00:06:55,720 Speaker 3: i mean sixty percent of the people that were looking for, 143 00:06:55,800 --> 00:06:59,280 Speaker 3: you know, a single family detached house, not a ten 144 00:06:59,480 --> 00:07:03,279 Speaker 3: story you know, apartment building on the same lot of land, 145 00:07:03,480 --> 00:07:07,080 Speaker 3: so that you know, that's a that's a real risk, 146 00:07:07,320 --> 00:07:08,400 Speaker 3: not knowing what the future is. 147 00:07:08,480 --> 00:07:11,840 Speaker 4: Like of the lots, just the lots of land that 148 00:07:11,880 --> 00:07:15,440 Speaker 4: were available in either of these places last year at 149 00:07:15,440 --> 00:07:18,920 Speaker 4: this time. Keep in mind, before the wildfires, none had 150 00:07:18,960 --> 00:07:22,800 Speaker 4: been purchased by investors. So obviously the market conditions were 151 00:07:22,920 --> 00:07:26,840 Speaker 4: changed significantly by these wildfires, and it has given some 152 00:07:26,880 --> 00:07:29,920 Speaker 4: folks and opening an opportunity that they see and whether 153 00:07:30,000 --> 00:07:31,760 Speaker 4: or not that that is a good thing or a 154 00:07:31,800 --> 00:07:34,160 Speaker 4: bad thing remains to be seen. But what we know 155 00:07:34,240 --> 00:07:37,400 Speaker 4: for certain is that investors have purchased forty percent of 156 00:07:37,440 --> 00:07:39,440 Speaker 4: these lots and that there are now a lot more 157 00:07:39,520 --> 00:07:40,440 Speaker 4: lots available. 158 00:07:41,240 --> 00:07:42,080 Speaker 2: Well, keep asking. 159 00:07:42,840 --> 00:07:45,160 Speaker 3: We both want to know now when we say investor, 160 00:07:45,200 --> 00:07:47,360 Speaker 3: are these mom and pop investors small like you know, 161 00:07:47,400 --> 00:07:50,720 Speaker 3: two chiropractors in West la Or is it some big 162 00:07:50,800 --> 00:07:52,000 Speaker 3: real estate development company. 163 00:07:52,080 --> 00:07:54,520 Speaker 4: Yeah, just to be clear, the only thing that Redfinn 164 00:07:54,520 --> 00:07:57,360 Speaker 4: offered about Investor was that they are basically companies. If 165 00:07:57,360 --> 00:08:01,680 Speaker 4: they had LLC or incorporated or or homes in the title, 166 00:08:01,760 --> 00:08:04,960 Speaker 4: that was a business. And they define investor as any 167 00:08:04,960 --> 00:08:08,000 Speaker 4: buyer whose ownership code on a purchasing deed includes at 168 00:08:08,080 --> 00:08:12,640 Speaker 4: least the following keywords association, corporate trustee, company, joint venture, 169 00:08:12,760 --> 00:08:16,000 Speaker 4: corporate trust. So again I want to disclose that that 170 00:08:16,040 --> 00:08:19,280 Speaker 4: they weren't completely lacking transparency here, but there are more 171 00:08:19,320 --> 00:08:21,720 Speaker 4: specifics to be gained about what the intentions are. 172 00:08:22,440 --> 00:08:24,440 Speaker 3: Yeah, I can see that you're not gonna put the 173 00:08:24,480 --> 00:08:25,600 Speaker 3: name of the company on the right. 174 00:08:26,480 --> 00:08:28,480 Speaker 2: Michael Monks always gets to zoc with you. Thanks so much, 175 00:08:28,720 --> 00:08:29,960 Speaker 2: you got it all right. 176 00:08:29,960 --> 00:08:31,480 Speaker 3: When we come back, I want to go a little 177 00:08:31,480 --> 00:08:34,440 Speaker 3: more deeply into this because this is a real challenge 178 00:08:34,480 --> 00:08:37,280 Speaker 3: and California zoning law and the ymbi's that are out 179 00:08:37,280 --> 00:08:40,880 Speaker 3: there could make conditions very, very different for pretty much 180 00:08:40,960 --> 00:08:45,800 Speaker 3: any area of undeveloped lan which this isn't technically undeveloped, 181 00:08:45,800 --> 00:08:48,600 Speaker 3: but it's not developed. It's somewhere in the middle, and 182 00:08:48,640 --> 00:08:51,080 Speaker 3: what the future will hold, it's going to be interesting 183 00:08:51,080 --> 00:08:51,559 Speaker 3: to see. 184 00:08:51,960 --> 00:08:54,160 Speaker 2: That's coming up next on The John Cobalt Show. 185 00:08:54,200 --> 00:08:57,440 Speaker 3: Lou Penrose in for John Cobalt on KFI AM six 186 00:08:57,559 --> 00:08:59,640 Speaker 3: forty Live everywhere on the iHeartRadio app. 187 00:09:00,360 --> 00:09:04,680 Speaker 5: You're listening to John Cobelt on demand from KFI AM 188 00:09:04,720 --> 00:09:05,240 Speaker 5: six forty. 189 00:09:06,760 --> 00:09:09,880 Speaker 2: Louke Penrose and for John Cobelt on the John Cobelt Show. 190 00:09:10,280 --> 00:09:15,760 Speaker 3: Talking about this Redfin report vacant lots for sale piling 191 00:09:15,840 --> 00:09:18,559 Speaker 3: up after the LA fires, investors are buying forty percent 192 00:09:19,760 --> 00:09:23,120 Speaker 3: of those that sell, So, as you heard with Michael 193 00:09:23,160 --> 00:09:25,040 Speaker 3: Monks there by investors. 194 00:09:25,120 --> 00:09:28,680 Speaker 2: That could mean anything, But what's really the difference. 195 00:09:28,960 --> 00:09:32,520 Speaker 3: What's the difference if it's an institutional land investor, a 196 00:09:32,600 --> 00:09:39,960 Speaker 3: home builder, or two guys that put some money together 197 00:09:40,360 --> 00:09:42,840 Speaker 3: to buy up some lots of land in what is 198 00:09:43,200 --> 00:09:48,680 Speaker 3: clearly valuable real estate and the residents that are there 199 00:09:48,800 --> 00:09:53,319 Speaker 3: now the residents that are selling are making tough decisions 200 00:09:53,920 --> 00:09:58,040 Speaker 3: because you don't know what the actual price is, Like, 201 00:09:58,080 --> 00:10:03,720 Speaker 3: what's the actual value if all of a sudden conditions change. 202 00:10:03,760 --> 00:10:05,840 Speaker 3: And I don't think they're changing anytime soon, but let's 203 00:10:05,880 --> 00:10:12,440 Speaker 3: pretend conditions change. With respect to permitting and getting people right, 204 00:10:12,480 --> 00:10:14,720 Speaker 3: there's a lot of pressure on Karen Bass. There's a 205 00:10:14,720 --> 00:10:17,760 Speaker 3: lot of pressure to get homes built again and get 206 00:10:17,800 --> 00:10:22,680 Speaker 3: these communities restored. So let's say they green lighted and 207 00:10:22,880 --> 00:10:25,400 Speaker 3: really start cutting the red tape and getting things going. 208 00:10:26,400 --> 00:10:29,800 Speaker 3: But they have to be to the specifications that they were. 209 00:10:30,920 --> 00:10:34,080 Speaker 3: So now you have a community again that looked like 210 00:10:34,480 --> 00:10:39,160 Speaker 3: the community that was there before the fire. That might 211 00:10:39,320 --> 00:10:43,160 Speaker 3: very well be good, but that's not necessarily ideal because 212 00:10:43,160 --> 00:10:48,120 Speaker 3: you don't know the value. It could be that maybe 213 00:10:48,360 --> 00:10:50,800 Speaker 3: somebody wants to buy four lots that are adjacent and 214 00:10:50,840 --> 00:10:55,040 Speaker 3: put a great, big house, and then everyone wants to 215 00:10:55,080 --> 00:10:57,880 Speaker 3: do that, Like it could be possible that the land 216 00:10:57,960 --> 00:11:02,640 Speaker 3: is worth far more than we think, or and this 217 00:11:02,679 --> 00:11:05,400 Speaker 3: is what I think is more likely, is that government 218 00:11:05,440 --> 00:11:07,400 Speaker 3: will not be able to get out of red tape 219 00:11:08,520 --> 00:11:13,000 Speaker 3: and the environmental community will continue to hate development of 220 00:11:13,040 --> 00:11:18,680 Speaker 3: houses and encroachment on wildlife and very little will happen. 221 00:11:20,760 --> 00:11:23,360 Speaker 3: And in that case, the investors may or may not 222 00:11:23,400 --> 00:11:25,439 Speaker 3: have made the right decision to buy up the land. 223 00:11:25,480 --> 00:11:28,320 Speaker 3: But it seems to me it's just too much land 224 00:11:28,559 --> 00:11:31,560 Speaker 3: to not be put back into the business of houses. 225 00:11:31,920 --> 00:11:35,360 Speaker 3: It's too close to ourterials, the infrastructure is there. 226 00:11:35,520 --> 00:11:37,520 Speaker 2: It just makes sense to make it a community again. 227 00:11:37,640 --> 00:11:40,160 Speaker 3: But it's just not happening anywhere near as quickly as 228 00:11:40,160 --> 00:11:41,520 Speaker 3: it needs to in the real world. 229 00:11:41,520 --> 00:11:43,880 Speaker 2: Hey, lou, thank you for filling in when John's gone. 230 00:11:44,040 --> 00:11:46,120 Speaker 6: Normally, when he's gone, I don't listen, but now that 231 00:11:46,160 --> 00:11:47,680 Speaker 6: you're on, I listen all the time. 232 00:11:47,800 --> 00:11:49,920 Speaker 2: Keep it up man, good job. Yeah, appreciate the call. 233 00:11:50,240 --> 00:11:55,920 Speaker 6: Hey, you made the comment that this is land speculation 234 00:11:56,200 --> 00:11:59,840 Speaker 6: and high land speculation. Does that mean that everybody who 235 00:11:59,920 --> 00:12:02,240 Speaker 6: is increasing the price on their land is going to 236 00:12:02,280 --> 00:12:04,000 Speaker 6: be prosecuted for a felony. 237 00:12:04,080 --> 00:12:07,480 Speaker 3: No, But what it does mean is that Democrats will 238 00:12:07,480 --> 00:12:12,319 Speaker 3: say there's price gouging going on. Right, I'd say this 239 00:12:12,360 --> 00:12:15,320 Speaker 3: is land speculation. I said, speculation is a word and 240 00:12:15,360 --> 00:12:19,600 Speaker 3: it means something. Words matter, And if you're buying land 241 00:12:19,960 --> 00:12:22,480 Speaker 3: not for the purpose of building, but for the purpose 242 00:12:22,520 --> 00:12:27,800 Speaker 3: of holding to see if something really good happens. Then 243 00:12:27,840 --> 00:12:33,440 Speaker 3: you're taking a risk, but a calculated risk. And at 244 00:12:33,480 --> 00:12:35,800 Speaker 3: the end of the day, I mean, we are talking 245 00:12:35,840 --> 00:12:38,440 Speaker 3: about valuable land. Let's face it, this is southern California. 246 00:12:39,360 --> 00:12:42,440 Speaker 3: The Pacific Palisades has the word Pacific in it for 247 00:12:42,480 --> 00:12:42,920 Speaker 3: a reason. 248 00:12:43,920 --> 00:12:45,040 Speaker 2: And there's lots. 249 00:12:44,800 --> 00:12:46,839 Speaker 3: To you know, a lot of money to be made 250 00:12:47,240 --> 00:12:52,679 Speaker 3: putting residencies, residents, houses, you know, on this, on these 251 00:12:52,720 --> 00:12:56,360 Speaker 3: pieces of land. But you would think it would happen 252 00:12:56,400 --> 00:13:00,440 Speaker 3: a lot quicker. So we don't know where it's going 253 00:13:00,480 --> 00:13:02,600 Speaker 3: to go. I do know this, there are a lot 254 00:13:02,600 --> 00:13:05,320 Speaker 3: of people that live there that are gone that and 255 00:13:05,360 --> 00:13:07,720 Speaker 3: we've talked to them here on KFI, We've talked to 256 00:13:07,760 --> 00:13:12,120 Speaker 3: them in the newsroom. There's been stories written up and 257 00:13:12,160 --> 00:13:17,400 Speaker 3: down southern California. COVID has created conditions in which people 258 00:13:17,480 --> 00:13:23,800 Speaker 3: can live and work remotely. My wife's cousin works in 259 00:13:23,880 --> 00:13:27,800 Speaker 3: a major studio in Burbank and she just bought a 260 00:13:27,840 --> 00:13:31,160 Speaker 3: cottage in Burbank. We went over the holidays to go 261 00:13:31,280 --> 00:13:33,200 Speaker 3: to a housewarming party for her. Because the house was 262 00:13:33,200 --> 00:13:36,040 Speaker 3: finally redone like the house was built like in the forties, 263 00:13:36,120 --> 00:13:38,679 Speaker 3: had to be completely gutted and they did a really 264 00:13:38,720 --> 00:13:41,760 Speaker 3: nice job, new backyard looks great, they have a new baby, 265 00:13:42,080 --> 00:13:46,600 Speaker 3: and she lives walking distance from where she would normally 266 00:13:46,640 --> 00:13:49,840 Speaker 3: go to work, and she still works out of her 267 00:13:49,920 --> 00:13:53,040 Speaker 3: kitchen still, and it's just the way it is. 268 00:13:53,120 --> 00:13:54,680 Speaker 2: It's like, that's that industry. 269 00:13:54,760 --> 00:14:00,080 Speaker 3: She works in the television production industry and can so 270 00:14:00,240 --> 00:14:03,560 Speaker 3: everybody that lived in the Pacific Palatinates, I'm told we're 271 00:14:03,559 --> 00:14:05,640 Speaker 3: all there's a company town, and there's a lot of 272 00:14:05,640 --> 00:14:07,800 Speaker 3: people that worked in the industry that may have been 273 00:14:07,840 --> 00:14:10,719 Speaker 3: working out of their homes already. All right, So if 274 00:14:10,720 --> 00:14:15,360 Speaker 3: that's the case, sell the land to the investor and 275 00:14:16,640 --> 00:14:19,400 Speaker 3: see where you can buy where the next boomtown is. 276 00:14:19,440 --> 00:14:21,720 Speaker 3: And I know a lot of people that lived in 277 00:14:21,880 --> 00:14:25,400 Speaker 3: LA and left after the fire and now are in 278 00:14:25,680 --> 00:14:31,480 Speaker 3: Oceanside or North San Diego County, still an hour's drive 279 00:14:31,560 --> 00:14:36,520 Speaker 3: to downtown LA, still on the coast, and are still 280 00:14:36,560 --> 00:14:39,720 Speaker 3: making it happen. So these things will ebb and flow. 281 00:14:39,760 --> 00:14:41,800 Speaker 3: It'll be interesting to see what happens at the end 282 00:14:41,880 --> 00:14:44,680 Speaker 3: of the day. This may very well be like one 283 00:14:44,880 --> 00:14:50,920 Speaker 3: of those generational stories like if nothing comes uh to Alta, 284 00:14:50,960 --> 00:14:54,280 Speaker 3: Dina and Malibu and Pacific Palacies as unimaginable as that is, 285 00:14:54,720 --> 00:14:57,320 Speaker 3: if nothing ever really comes of it, will it be 286 00:14:57,400 --> 00:15:01,480 Speaker 3: one of those just unique stories that we talk about 287 00:15:01,560 --> 00:15:05,880 Speaker 3: and tell our children that, yeah, there was a great fire, terrible. 288 00:15:06,600 --> 00:15:09,600 Speaker 3: The governor had no water in the fire hydrants, and 289 00:15:09,640 --> 00:15:11,960 Speaker 3: everybody knew it, and he was trying to pretend that 290 00:15:12,000 --> 00:15:12,600 Speaker 3: there were. 291 00:15:12,440 --> 00:15:15,080 Speaker 2: Water was water in the fire hydrants, even though there's. 292 00:15:14,880 --> 00:15:19,640 Speaker 3: Footage literally news footage of firefighters turning on the fire hydrant, 293 00:15:19,720 --> 00:15:22,720 Speaker 3: no water coming out, and everybody yelled and screamed about 294 00:15:22,720 --> 00:15:24,480 Speaker 3: it and thought about it, and it was terrible for 295 00:15:24,560 --> 00:15:27,600 Speaker 3: the people that owned houses there, and then just nothing happened. 296 00:15:28,800 --> 00:15:32,120 Speaker 3: It might it may very well be just our version 297 00:15:32,240 --> 00:15:35,840 Speaker 3: of that, all right, when we come back. I got 298 00:15:35,880 --> 00:15:41,120 Speaker 3: an email from somebody about something we said, and I 299 00:15:41,120 --> 00:15:44,680 Speaker 3: do want to address it. I was out shopping before 300 00:15:44,720 --> 00:15:49,200 Speaker 3: the holidays. I was out shopping for a kitchen appliant, 301 00:15:50,240 --> 00:15:53,240 Speaker 3: and I went into a really good Some of these 302 00:15:53,240 --> 00:15:54,920 Speaker 3: showrooms are really magnificent. 303 00:15:54,920 --> 00:15:55,520 Speaker 2: They really are. 304 00:15:56,080 --> 00:15:58,800 Speaker 3: I mean, if you're really going to invest in something, 305 00:15:59,240 --> 00:16:00,920 Speaker 3: or even if if you're not, you just want to 306 00:16:00,920 --> 00:16:03,960 Speaker 3: see how it looks installed and then you you know, 307 00:16:04,120 --> 00:16:07,120 Speaker 3: pull back on your investment. Because these showrooms have high 308 00:16:07,120 --> 00:16:13,520 Speaker 3: ticket items and we are changing the configuration of our stovetop. 309 00:16:13,080 --> 00:16:15,480 Speaker 2: Because just not enough burners. I decided, I don't know 310 00:16:15,480 --> 00:16:16,040 Speaker 2: who built my. 311 00:16:16,080 --> 00:16:20,320 Speaker 3: House, but somewhere along the line, everything is right, size fits, 312 00:16:20,720 --> 00:16:22,400 Speaker 3: matches the conditions of the house. And I got the 313 00:16:22,440 --> 00:16:25,280 Speaker 3: teeny tiny little stovetop that I think the one that 314 00:16:25,320 --> 00:16:28,480 Speaker 3: I had in my college dorm room was bigger. So 315 00:16:28,520 --> 00:16:31,320 Speaker 3: we want to get a bigger one. And it requires 316 00:16:31,400 --> 00:16:34,520 Speaker 3: cutting into the granite and everything. It's gonna be a 317 00:16:34,560 --> 00:16:37,080 Speaker 3: big deal. So I want to do this slowly and correctly. 318 00:16:37,080 --> 00:16:38,760 Speaker 3: And my wife and I went to one of these 319 00:16:38,800 --> 00:16:43,080 Speaker 3: showrooms and they were magnificent, and I'm looking around to 320 00:16:43,160 --> 00:16:46,600 Speaker 3: see if I can find any of them made in 321 00:16:46,720 --> 00:16:49,480 Speaker 3: the USA. Now I know, I'm, you know, barking up 322 00:16:49,520 --> 00:16:51,960 Speaker 3: the wrong tree trying to find mained America products, But 323 00:16:52,040 --> 00:16:56,640 Speaker 3: there are in the high end world, there are appliances 324 00:16:56,640 --> 00:16:59,800 Speaker 3: that are still at least assembled in the United States. 325 00:17:00,080 --> 00:17:01,840 Speaker 2: And I'm not saying I was gonna buy that one. 326 00:17:01,880 --> 00:17:03,440 Speaker 2: I wanted to see how much it costs. 327 00:17:03,520 --> 00:17:06,960 Speaker 3: I'm always chasing this narrative that things that are manufactured 328 00:17:06,960 --> 00:17:10,080 Speaker 3: in the United States are so expensive that they're unaffordable, 329 00:17:10,080 --> 00:17:12,800 Speaker 3: and we have to win poured everything from China, and 330 00:17:13,200 --> 00:17:15,680 Speaker 3: all the ones that were not manufactured in the United 331 00:17:15,720 --> 00:17:18,479 Speaker 3: States turned me off. They were tinny, like when you 332 00:17:18,520 --> 00:17:21,679 Speaker 3: tapped on them. They were stainless steel, but they were tiny. 333 00:17:22,080 --> 00:17:24,040 Speaker 3: And the one that I have now, the reason I 334 00:17:24,119 --> 00:17:28,600 Speaker 3: also hate it is the knobs are on top of 335 00:17:28,640 --> 00:17:32,680 Speaker 3: the self top, but they're made of plastic. What idiot 336 00:17:32,760 --> 00:17:38,680 Speaker 3: designed a stove, you know, gas flames, hot pans. 337 00:17:38,880 --> 00:17:40,080 Speaker 2: And plastic knobs. 338 00:17:40,119 --> 00:17:43,600 Speaker 3: And of course one of the knobs started melting and 339 00:17:44,600 --> 00:17:46,720 Speaker 3: I thought it was metal. I really did when I 340 00:17:46,760 --> 00:17:51,480 Speaker 3: saw for the first time, because it was the painting. 341 00:17:50,720 --> 00:17:51,520 Speaker 2: Of it is so good. 342 00:17:51,520 --> 00:17:55,119 Speaker 3: It does look like a chrome knob and it feels 343 00:17:55,160 --> 00:17:56,680 Speaker 3: kind of hefty, but it's a knob. You don't spend 344 00:17:56,720 --> 00:18:00,000 Speaker 3: too much time with it. And until it started to melt, 345 00:18:00,359 --> 00:18:02,640 Speaker 3: I realized what a piece of crap. And I looked 346 00:18:02,720 --> 00:18:04,560 Speaker 3: undern eighth and of course it's made in China. And 347 00:18:04,640 --> 00:18:07,520 Speaker 3: I called the company to complain and they agreed with 348 00:18:07,560 --> 00:18:08,560 Speaker 3: me to poor design. 349 00:18:08,920 --> 00:18:11,320 Speaker 2: And you know what they did. They sent me out 350 00:18:11,640 --> 00:18:16,560 Speaker 2: five new knobs. So I was like, Okay, that's it. 351 00:18:16,680 --> 00:18:19,160 Speaker 3: Let's let's see what's out there that is actually made 352 00:18:19,160 --> 00:18:20,680 Speaker 3: in America and let me put it to the test. 353 00:18:20,720 --> 00:18:22,960 Speaker 3: Let me put my money where my mouth is. I'm 354 00:18:22,960 --> 00:18:25,440 Speaker 3: always talking about American made products being so much better. 355 00:18:25,600 --> 00:18:27,000 Speaker 3: Let me see what I can find, and when we 356 00:18:27,000 --> 00:18:28,880 Speaker 3: come back, I'll tell you what I found, and I'll 357 00:18:28,920 --> 00:18:32,240 Speaker 3: tell you what happened from the KFI listener that told 358 00:18:32,280 --> 00:18:35,080 Speaker 3: me that I jinxed him in the purchase of a 359 00:18:35,119 --> 00:18:35,840 Speaker 3: new appliance. 360 00:18:36,359 --> 00:18:37,400 Speaker 2: That's all coming up next. 361 00:18:37,840 --> 00:18:41,040 Speaker 3: Lou Penrose in for John Cobelt on the John Cobelt 362 00:18:41,040 --> 00:18:44,040 Speaker 3: Show on KFI AM six forty Live everywhere on the 363 00:18:44,040 --> 00:18:44,960 Speaker 3: iHeartRadio app. 364 00:18:45,920 --> 00:18:50,240 Speaker 5: You're listening to John Coebelt on demand from KFI AM 365 00:18:50,280 --> 00:18:51,119 Speaker 5: six forty. 366 00:18:51,640 --> 00:18:55,800 Speaker 3: Talking about a message I got on I think it 367 00:18:55,840 --> 00:18:57,000 Speaker 3: was on on X. 368 00:18:57,040 --> 00:18:58,960 Speaker 2: I'm not sure. I'm pretty easy to find. It's at 369 00:18:59,040 --> 00:19:00,760 Speaker 2: lou Penrose on X. 370 00:19:01,720 --> 00:19:06,160 Speaker 3: I think it's Loupenrose Radio on Instagram and Lupenrose Radio 371 00:19:06,160 --> 00:19:09,480 Speaker 3: on TikTok. So you can find me pretty easily and 372 00:19:10,400 --> 00:19:12,360 Speaker 3: message me, especially to something that you want to talk 373 00:19:12,400 --> 00:19:14,720 Speaker 3: about that we talked about on the program, and one did. 374 00:19:14,920 --> 00:19:17,480 Speaker 3: One listener did and said, Louke, I heard you talking 375 00:19:17,520 --> 00:19:22,359 Speaker 3: about your appliance problems and appliances not manufactured in the 376 00:19:22,440 --> 00:19:25,400 Speaker 3: United States, and you must have jinxed me because right 377 00:19:25,440 --> 00:19:29,840 Speaker 3: after the show, my refrigerator went out, which is classic, right, 378 00:19:30,560 --> 00:19:34,480 Speaker 3: refrigerators going out right around this time of year. And 379 00:19:34,760 --> 00:19:40,399 Speaker 3: it's true, I'm constantly troubled with appliances, and I don't 380 00:19:40,440 --> 00:19:42,440 Speaker 3: know if it's just happening to me. 381 00:19:42,680 --> 00:19:44,919 Speaker 2: I don't know if I'm getting lemons. I'm not sure. 382 00:19:45,880 --> 00:19:49,400 Speaker 3: The refrigerator that I have now is two years old 383 00:19:49,440 --> 00:19:51,480 Speaker 3: because it went out literally. 384 00:19:52,040 --> 00:19:53,920 Speaker 2: The weekend of Cookie Night. 385 00:19:54,359 --> 00:19:56,639 Speaker 3: Cookie Night is a couple of weeks before Christmas, like 386 00:19:56,680 --> 00:19:59,480 Speaker 3: the second or third weekend in December. It's basically a 387 00:19:59,520 --> 00:20:02,439 Speaker 3: second and see where everyone comes over and makes cookies 388 00:20:02,440 --> 00:20:04,520 Speaker 3: in my house and the kids called the cookies and 389 00:20:04,600 --> 00:20:08,600 Speaker 3: everybody drinks. So that's a tradition. And the refrigerator. I 390 00:20:08,600 --> 00:20:11,080 Speaker 3: had to get a new refrigerator like that morning, and 391 00:20:11,119 --> 00:20:14,440 Speaker 3: it was like a hassle, but we had to do it. 392 00:20:14,680 --> 00:20:15,680 Speaker 2: And I remember talking. 393 00:20:15,720 --> 00:20:20,280 Speaker 3: I had a repair guy that I know, and I 394 00:20:20,320 --> 00:20:22,800 Speaker 3: was able to call him, not so much to get 395 00:20:22,800 --> 00:20:23,440 Speaker 3: a repair he. 396 00:20:23,400 --> 00:20:24,919 Speaker 2: Wasn't going to do it, but just to give me advice. 397 00:20:25,240 --> 00:20:27,840 Speaker 3: And he said, yeah, from what you're explaining, it's not 398 00:20:27,880 --> 00:20:31,399 Speaker 3: completely dark, it's not completely dead, Like the freezer's working, 399 00:20:31,480 --> 00:20:34,920 Speaker 3: but the refrigerator box is not working. So it's either 400 00:20:35,359 --> 00:20:40,240 Speaker 3: a thermostat or a fan or a fan motor. He's like, Lou, 401 00:20:40,800 --> 00:20:43,800 Speaker 3: whatever it is, it's probably a thirty five dollars part, 402 00:20:45,000 --> 00:20:46,840 Speaker 3: but the service call is going to be two hundred 403 00:20:46,840 --> 00:20:48,440 Speaker 3: and eighty dollars to come to your house to install 404 00:20:48,480 --> 00:20:51,240 Speaker 3: a thirty five dollar part on what is a five 405 00:20:51,320 --> 00:20:53,280 Speaker 3: year old six year old How old is your refrigerator? 406 00:20:53,440 --> 00:20:55,719 Speaker 2: I'm like ten on a ten year old refrigerator. 407 00:20:56,440 --> 00:20:59,800 Speaker 3: So you can go right now to Costco and get 408 00:20:59,800 --> 00:21:02,879 Speaker 3: a new refrigerator for six hundred dollars and they'll deliver it. 409 00:21:04,240 --> 00:21:08,399 Speaker 2: So what's your question again? And it just it. 410 00:21:09,200 --> 00:21:11,280 Speaker 3: It's so simple and it makes all the sense in 411 00:21:11,320 --> 00:21:13,040 Speaker 3: the world, but for some reason, it bothered me, and 412 00:21:13,119 --> 00:21:15,840 Speaker 3: it bothers me to this day. Like I spent six 413 00:21:15,920 --> 00:21:18,600 Speaker 3: hundred dollars to not have a thirty five dollars part 414 00:21:18,680 --> 00:21:22,120 Speaker 3: installed on a perfectly good refrigerator and it's because of. 415 00:21:22,080 --> 00:21:26,000 Speaker 2: The way they're made. That part of it is the 416 00:21:26,000 --> 00:21:26,680 Speaker 2: repair cost. 417 00:21:26,880 --> 00:21:29,000 Speaker 3: But I get that, but I mean, why should somebody 418 00:21:29,000 --> 00:21:31,280 Speaker 3: come to my house for anything less than a couple 419 00:21:31,359 --> 00:21:33,680 Speaker 3: hundred dollars write a house call that so I don't 420 00:21:33,720 --> 00:21:36,800 Speaker 3: begrudge the repair man having a repair cost that's north 421 00:21:36,800 --> 00:21:37,959 Speaker 3: of one hundred and eighty dollars. 422 00:21:38,560 --> 00:21:39,199 Speaker 2: And the parts of. 423 00:21:39,200 --> 00:21:42,800 Speaker 3: The part is that the whole system sucks and it 424 00:21:42,880 --> 00:21:45,560 Speaker 3: never used to be this way. And I was shopping 425 00:21:46,400 --> 00:21:49,520 Speaker 3: two weekends ago in a showroom for a stovetop and 426 00:21:49,680 --> 00:21:52,520 Speaker 3: literally couldn't find anything made in the United States. And 427 00:21:52,720 --> 00:21:54,720 Speaker 3: really it's not so much that it was not made 428 00:21:54,760 --> 00:21:56,280 Speaker 3: in the United States. I get it, we don't make 429 00:21:56,320 --> 00:21:58,080 Speaker 3: stovetops in the United States anymore. 430 00:21:58,320 --> 00:21:59,240 Speaker 2: I can bemoan that. 431 00:21:59,680 --> 00:22:02,600 Speaker 3: But all I want is a good one, and none 432 00:22:02,600 --> 00:22:07,080 Speaker 3: of them are good. They're all thin, tiny crap, and 433 00:22:08,160 --> 00:22:11,000 Speaker 3: like the knobs are wiggily, and it just looks cheap. 434 00:22:11,320 --> 00:22:12,960 Speaker 2: Even the expensive ones are cheap. 435 00:22:14,880 --> 00:22:19,000 Speaker 3: And I'm just so disappointed, Like it's impossible to go 436 00:22:19,040 --> 00:22:22,600 Speaker 3: appling shopping anymore without coming home disappointed. And it just 437 00:22:22,640 --> 00:22:25,960 Speaker 3: brings me back to my square one on all of this, 438 00:22:26,119 --> 00:22:28,800 Speaker 3: and that is everything in your house growing up was 439 00:22:28,840 --> 00:22:31,760 Speaker 3: made in America, and it was so much better. Everything 440 00:22:31,760 --> 00:22:35,119 Speaker 3: in your grandparents' house was so much better, and it 441 00:22:35,160 --> 00:22:37,200 Speaker 3: was all manufactured in the United States, and it was 442 00:22:37,240 --> 00:22:41,520 Speaker 3: such high quality stuff. Why did we close down those 443 00:22:41,560 --> 00:22:44,719 Speaker 3: American factories and ship all those jobs overseas? 444 00:22:45,000 --> 00:22:48,000 Speaker 2: It made no sense. And now we're wrestling with. 445 00:22:48,000 --> 00:22:53,800 Speaker 3: Garbage, and everything's garbage, Like your vacuum cleaner is garbage, your. 446 00:22:54,480 --> 00:22:57,439 Speaker 2: Your kitchen appliance is a garbage. All the kids toys 447 00:22:57,440 --> 00:22:58,200 Speaker 2: are garbage. 448 00:22:58,280 --> 00:23:03,240 Speaker 3: I mean things already broken that were delivered by Santa 449 00:23:03,520 --> 00:23:05,800 Speaker 3: just and not because of irresponsible rough play. 450 00:23:06,240 --> 00:23:08,040 Speaker 2: They're just plastic pieces of crap. 451 00:23:10,119 --> 00:23:13,879 Speaker 3: And I just don't know why we became a society 452 00:23:13,920 --> 00:23:14,800 Speaker 3: that has. 453 00:23:15,359 --> 00:23:16,840 Speaker 2: All imported junk. 454 00:23:18,200 --> 00:23:24,920 Speaker 3: And our grandparents' houses had working things, and I think 455 00:23:24,960 --> 00:23:28,240 Speaker 3: back as a kid, I don't ever remember my grandparents 456 00:23:28,280 --> 00:23:31,080 Speaker 3: buying a new appliance, and not once do you remember 457 00:23:31,119 --> 00:23:34,640 Speaker 3: your grandfather getting a new refrigerator. It can never happen. 458 00:23:37,000 --> 00:23:39,280 Speaker 3: It did happen, I think the one family member once 459 00:23:39,880 --> 00:23:43,320 Speaker 3: and it was close by, and the cousins all ran over. 460 00:23:43,359 --> 00:23:46,159 Speaker 3: It was fun to watch the truck come. And the 461 00:23:46,200 --> 00:23:49,720 Speaker 3: most fun was when they removed the old refrigerator and 462 00:23:49,760 --> 00:23:52,199 Speaker 3: you saw the square the spot on the floor that 463 00:23:52,280 --> 00:23:54,480 Speaker 3: it was, and how the color had changed over the 464 00:23:54,560 --> 00:23:58,600 Speaker 3: years because it had been so long since an appliance 465 00:23:58,600 --> 00:24:01,800 Speaker 3: had been moved from that spot that had actually made 466 00:24:01,800 --> 00:24:07,040 Speaker 3: an impression on the floor. And I don't ever remember 467 00:24:07,080 --> 00:24:11,360 Speaker 3: my father having an extended warranty on any of the appliants. Now, 468 00:24:11,400 --> 00:24:13,439 Speaker 3: you go to the store, you go to Pacific Sales, 469 00:24:13,480 --> 00:24:15,159 Speaker 3: you go to home depot, wherever you go to buy 470 00:24:15,200 --> 00:24:17,479 Speaker 3: an appliance, you buy it. What's the one thing they 471 00:24:17,480 --> 00:24:20,480 Speaker 3: come chasing after you to sell you the extended warranty? 472 00:24:20,800 --> 00:24:21,119 Speaker 2: Why? 473 00:24:21,359 --> 00:24:23,120 Speaker 3: Because they know it's a piece of crap and it's 474 00:24:23,160 --> 00:24:25,600 Speaker 3: going to break in three years, so maybe you want 475 00:24:25,640 --> 00:24:26,800 Speaker 3: to get extended for five years. 476 00:24:26,840 --> 00:24:29,679 Speaker 2: You want to get the warranty extended. So it's it's 477 00:24:29,720 --> 00:24:30,920 Speaker 2: a real cat. 478 00:24:30,760 --> 00:24:33,000 Speaker 3: And mouse game, and I don't like it, And I 479 00:24:33,160 --> 00:24:37,680 Speaker 3: just I'm amazed with how frequently I am now buying appliances. 480 00:24:37,960 --> 00:24:40,240 Speaker 2: Washing machines don't last very long anymore. 481 00:24:40,600 --> 00:24:42,840 Speaker 3: Growing up as a kid, if you grew up as 482 00:24:42,880 --> 00:24:46,200 Speaker 3: I did in the late seventies and eighties, if your 483 00:24:46,240 --> 00:24:49,160 Speaker 3: mom had a washing machine, it was a general electric 484 00:24:49,320 --> 00:24:54,040 Speaker 3: washing machine or a whirlpool, and it was industrial grade, 485 00:24:54,280 --> 00:24:58,440 Speaker 3: very heavy, made a steel. You didn't hear it when 486 00:24:58,440 --> 00:25:00,760 Speaker 3: it was running. Then go boone boom, boom, boom bom. 487 00:25:00,800 --> 00:25:02,360 Speaker 2: When there's too many towels in it. 488 00:25:02,359 --> 00:25:05,840 Speaker 3: It was able to handle it, and it lasted forever, 489 00:25:06,320 --> 00:25:07,960 Speaker 3: and she did launcher all the time, and you didn't 490 00:25:08,000 --> 00:25:12,040 Speaker 3: think about it. Now and I have three sons, like, 491 00:25:12,119 --> 00:25:13,400 Speaker 3: I've had the. 492 00:25:13,359 --> 00:25:15,160 Speaker 2: Laundry machine break twice. 493 00:25:15,320 --> 00:25:18,240 Speaker 3: My oldest is sixteen, So in sixteen years, I've had 494 00:25:18,520 --> 00:25:20,719 Speaker 3: two washers, I think one dryer. 495 00:25:21,760 --> 00:25:23,159 Speaker 2: And let me tell you something. 496 00:25:22,880 --> 00:25:26,200 Speaker 3: If you have children, it's terrifying when the laundry machine breaks. 497 00:25:26,240 --> 00:25:30,600 Speaker 3: It's pretty terrifying when the refrigerator goes out. Uh, but 498 00:25:31,200 --> 00:25:34,160 Speaker 3: when the that's nothing compared to having the washing machine 499 00:25:34,200 --> 00:25:36,680 Speaker 3: go out when you have kids and it's school time. 500 00:25:37,400 --> 00:25:40,240 Speaker 3: Lou Penrose in for John coblt on the John Cobelt 501 00:25:40,240 --> 00:25:43,280 Speaker 3: Show on KFI AM six forty live everywhere on the 502 00:25:43,320 --> 00:25:44,160 Speaker 3: iHeartRadio app. 503 00:25:45,040 --> 00:25:49,359 Speaker 5: You're listening to John cobelts on demand from KFI AM 504 00:25:49,359 --> 00:25:50,200 Speaker 5: six forty. 505 00:25:50,720 --> 00:25:53,040 Speaker 2: Coming up following the news at three. 506 00:25:53,440 --> 00:25:57,160 Speaker 3: So the billionaire tax that's being proposed here in California 507 00:25:57,320 --> 00:26:02,240 Speaker 3: has spooked some billionaires, and some billionaires are out loud 508 00:26:02,880 --> 00:26:07,280 Speaker 3: talking about leaving California. There are only so many billionaires 509 00:26:07,320 --> 00:26:10,840 Speaker 3: in the state, and certainly some will leave rather than 510 00:26:10,920 --> 00:26:14,119 Speaker 3: stay here and pay the proposal is a five percent 511 00:26:14,280 --> 00:26:15,440 Speaker 3: one time tax. 512 00:26:16,600 --> 00:26:19,440 Speaker 2: That's a lot of money. Five percent doesn't sound like 513 00:26:19,480 --> 00:26:19,800 Speaker 2: a lot. 514 00:26:20,000 --> 00:26:24,000 Speaker 3: Five percent of a billion is a lot, and it's 515 00:26:24,040 --> 00:26:27,960 Speaker 3: not five percent of one billion, it's five percent of everything. 516 00:26:27,520 --> 00:26:28,280 Speaker 2: Over a billion. 517 00:26:28,880 --> 00:26:31,680 Speaker 3: So if you're a three billionaire, four billionaire, five billionaire, 518 00:26:32,000 --> 00:26:35,320 Speaker 3: it's five percent of five billion dollars. That's lots of 519 00:26:35,359 --> 00:26:37,639 Speaker 3: monsen and people are not going to stand for it. 520 00:26:37,920 --> 00:26:40,520 Speaker 3: So we'll talk with them. We'll talk with a reporter 521 00:26:40,560 --> 00:26:43,160 Speaker 3: who's been doing the story to find out exactly what 522 00:26:43,359 --> 00:26:44,400 Speaker 3: is the latest on that. 523 00:26:44,600 --> 00:26:48,119 Speaker 2: Well, damn lou thinkitty crap. 524 00:26:48,560 --> 00:26:50,240 Speaker 6: I haven't heard that in a minute. 525 00:26:50,440 --> 00:26:51,320 Speaker 1: We need to hang. 526 00:26:51,160 --> 00:26:52,399 Speaker 2: Out, buddy, anytime. 527 00:26:53,080 --> 00:26:54,880 Speaker 3: We can go to the showroom and I can show 528 00:26:54,920 --> 00:26:58,080 Speaker 3: you the thin, tinny crap that they are selling now, 529 00:26:58,240 --> 00:27:02,399 Speaker 3: and they are masquerading it stainless steel. I don't like 530 00:27:02,440 --> 00:27:04,119 Speaker 3: my sink. I have a really good sink. It's the 531 00:27:04,160 --> 00:27:06,760 Speaker 3: sink that was there when I moved in. And I 532 00:27:06,800 --> 00:27:11,480 Speaker 3: guess my house was built right after they changed the 533 00:27:11,560 --> 00:27:14,400 Speaker 3: rule on white paint on sinks. 534 00:27:14,560 --> 00:27:15,879 Speaker 2: I don't know. Somebody tell me this. 535 00:27:16,200 --> 00:27:20,760 Speaker 3: It sounds absurd, but then again, we're in California and 536 00:27:20,880 --> 00:27:24,080 Speaker 3: anything is possible, But I guess, and you tell me 537 00:27:24,119 --> 00:27:24,919 Speaker 3: if this is true. 538 00:27:25,920 --> 00:27:27,800 Speaker 2: I have absolutely no idea of confirming it. All I 539 00:27:27,840 --> 00:27:29,719 Speaker 2: know is I have a white sink and it's an 540 00:27:29,720 --> 00:27:31,359 Speaker 2: incredible All you have to. 541 00:27:31,520 --> 00:27:35,200 Speaker 3: You could lay a cookie sheet, you know how you're 542 00:27:35,240 --> 00:27:37,720 Speaker 3: cleaning a cookie sheet. You lay it diagonally in the 543 00:27:37,760 --> 00:27:39,960 Speaker 3: sink against the side of the sink to scrub it. 544 00:27:40,520 --> 00:27:42,000 Speaker 2: That will make a mark on the side. 545 00:27:42,080 --> 00:27:45,280 Speaker 3: Now I'm not scratching the sink, is just the metal 546 00:27:45,320 --> 00:27:46,800 Speaker 3: cookie sheet touching the sink. 547 00:27:47,040 --> 00:27:49,000 Speaker 2: We'll leave a mark and then I gotta scrub that out. 548 00:27:49,040 --> 00:27:50,040 Speaker 2: And I have to scrub the. 549 00:27:50,000 --> 00:27:51,879 Speaker 3: Mark that the cookie sheet makes on the side of 550 00:27:51,880 --> 00:27:55,840 Speaker 3: the sink harder than the cookie crumbs, and it just 551 00:27:55,920 --> 00:27:56,760 Speaker 3: drives me insane. 552 00:27:56,840 --> 00:27:59,840 Speaker 2: So it always looks banged up in ghetto. And it's 553 00:27:59,880 --> 00:28:00,520 Speaker 2: a good sink. 554 00:28:01,160 --> 00:28:03,439 Speaker 3: So I was looking at other sinks, and I was 555 00:28:03,480 --> 00:28:08,280 Speaker 3: talking to the guy and he explained to me that, yeah, 556 00:28:08,359 --> 00:28:12,080 Speaker 3: that's because they don't use lead anymore in California after 557 00:28:12,200 --> 00:28:15,840 Speaker 3: nineteen ninety something, and so we can't sell the good 558 00:28:15,880 --> 00:28:18,280 Speaker 3: ones in California. If you want to drive to Arizona, 559 00:28:18,600 --> 00:28:20,920 Speaker 3: you can get a good sink with the right lead 560 00:28:21,080 --> 00:28:23,760 Speaker 3: in it and then it won't make marks. 561 00:28:24,000 --> 00:28:26,520 Speaker 2: But then lead will get in your system. 562 00:28:27,000 --> 00:28:29,560 Speaker 3: It doesn't get into the system of people in Arizona, apparently, 563 00:28:30,720 --> 00:28:32,200 Speaker 3: And I'm like, all right, well, what else. 564 00:28:32,200 --> 00:28:33,760 Speaker 2: He's like, But you what would a lot of people 565 00:28:33,800 --> 00:28:35,800 Speaker 2: do that don't like that? They just go with stainless steel. 566 00:28:36,520 --> 00:28:38,120 Speaker 3: I'm like, all right, He's like, the problem with stainless 567 00:28:38,120 --> 00:28:40,280 Speaker 3: steel is they don't use the grade that they used to. 568 00:28:41,280 --> 00:28:44,320 Speaker 2: And I said, what does that mean? That means it's 569 00:28:44,400 --> 00:28:45,200 Speaker 2: tinny crap. 570 00:28:46,560 --> 00:28:48,920 Speaker 3: And if you have a garbage disposal, which I do, 571 00:28:49,720 --> 00:28:52,760 Speaker 3: if you turn on the garbage disposal with these new 572 00:28:53,000 --> 00:28:56,440 Speaker 3: tinny crap stainless steel sinks, it'll make a rocket. 573 00:28:56,760 --> 00:28:59,240 Speaker 7: I just bought a house and it has the original 574 00:28:59,400 --> 00:29:05,280 Speaker 7: Michael Wae of it and stovetop is still in it, 575 00:29:05,640 --> 00:29:08,880 Speaker 7: which is still functional. So I can definitely relate and 576 00:29:09,000 --> 00:29:10,160 Speaker 7: understand what you're saying. 577 00:29:10,320 --> 00:29:13,880 Speaker 3: Yeah, anybody that grew up in America in the you know, 578 00:29:13,920 --> 00:29:17,160 Speaker 3: the second half of the of the twentieth century knows 579 00:29:17,200 --> 00:29:20,880 Speaker 3: exactly what I'm talking about. Because all the appliances, all 580 00:29:20,920 --> 00:29:24,880 Speaker 3: the things, all the sinks, right, everything was like good 581 00:29:25,760 --> 00:29:30,040 Speaker 3: and it was because it was all American made. I'll 582 00:29:30,040 --> 00:29:33,520 Speaker 3: tell you what really is incredible is the beds. 583 00:29:33,920 --> 00:29:35,640 Speaker 2: If you need a new bed. 584 00:29:36,040 --> 00:29:39,000 Speaker 3: Or let's say you have a spare bedroom and you're 585 00:29:39,000 --> 00:29:41,200 Speaker 3: gonna turn it into or turn it into a guest room, 586 00:29:41,320 --> 00:29:43,440 Speaker 3: which is what happened to us, and you need to 587 00:29:43,440 --> 00:29:44,400 Speaker 3: go get yourself a bed. 588 00:29:45,120 --> 00:29:45,960 Speaker 2: Forget it. Man. 589 00:29:46,280 --> 00:29:48,160 Speaker 3: I don't know what kind of bed you had as 590 00:29:48,160 --> 00:29:50,720 Speaker 3: a kid, but me and my brother jumped up and 591 00:29:50,800 --> 00:29:55,320 Speaker 3: down on the beds as children. I mean, you know, 592 00:29:55,920 --> 00:29:59,320 Speaker 3: Dodgers win, jump up and down on the bed, Lakers winning, 593 00:29:59,400 --> 00:30:05,480 Speaker 3: jump up and down the bed snow day, right. 594 00:30:05,440 --> 00:30:07,400 Speaker 2: You know whatever, like jump up and down on the bed. 595 00:30:07,520 --> 00:30:09,080 Speaker 2: And we jumped up and down on the bed. 596 00:30:09,120 --> 00:30:13,640 Speaker 3: Treated our beds like my kids treat our trampoline outside. 597 00:30:13,960 --> 00:30:16,800 Speaker 3: Now I have sons and the same age that I 598 00:30:16,880 --> 00:30:18,320 Speaker 3: was jumping up and down on the bed. 599 00:30:19,400 --> 00:30:21,280 Speaker 2: If they jump up and down on the bed, forget it. 600 00:30:21,360 --> 00:30:25,080 Speaker 2: Bed's gone. I mean it's destroyed. 601 00:30:25,840 --> 00:30:28,719 Speaker 3: We bought a new bed and it was it lasted 602 00:30:28,720 --> 00:30:31,360 Speaker 3: a year and they weren't really jumping up and down 603 00:30:31,360 --> 00:30:33,240 Speaker 3: on the bed. They were just, you know, kids just 604 00:30:33,320 --> 00:30:36,160 Speaker 3: kind of dive in sideways onto a bed or do 605 00:30:36,320 --> 00:30:39,240 Speaker 3: the half twist and jump into bed. 606 00:30:39,520 --> 00:30:42,080 Speaker 2: If you go buy a new bed now, they. 607 00:30:41,920 --> 00:30:44,720 Speaker 3: Ought to give you a free reciprocating saw with it 608 00:30:45,040 --> 00:30:48,280 Speaker 3: because you'll need it. You know, a reciprocating saw is 609 00:30:48,320 --> 00:30:51,720 Speaker 3: the equivalent of an American It's an American Swiss army knife. 610 00:30:51,840 --> 00:30:54,520 Speaker 3: And what you do with a reciprocating saw is you 611 00:30:54,640 --> 00:31:00,840 Speaker 3: take Chinese or Vietnamese made imported beds that break instantly, 612 00:31:01,080 --> 00:31:03,120 Speaker 3: and then you cut them up into little pieces to 613 00:31:03,200 --> 00:31:07,200 Speaker 3: fit in your recycle bin. Because it's impossible to get 614 00:31:07,280 --> 00:31:10,880 Speaker 3: rid of a busted, busted bed in Los Angeles County, 615 00:31:11,120 --> 00:31:14,480 Speaker 3: so you gotta get yourself a reciprocating saw and cut 616 00:31:14,520 --> 00:31:16,520 Speaker 3: it up. That's the only it's the only use that 617 00:31:16,560 --> 00:31:19,640 Speaker 3: thing has. But yeah, I mean, I have photographs of it, 618 00:31:19,680 --> 00:31:21,760 Speaker 3: and I was gonna post them. It's just incredible. 619 00:31:21,800 --> 00:31:23,360 Speaker 2: Like you, you. 620 00:31:22,800 --> 00:31:25,880 Speaker 3: Wouldn't believe these beds are made of nothing. It's not 621 00:31:25,920 --> 00:31:31,640 Speaker 3: even wood. It is wood pieces glued together into one 622 00:31:31,880 --> 00:31:38,200 Speaker 3: eight foot one by four stabilizing would beam under the 623 00:31:38,200 --> 00:31:39,680 Speaker 3: bed which breaks. 624 00:31:40,320 --> 00:31:43,719 Speaker 2: That's really incredible. So it's just I'm going going through it. 625 00:31:43,960 --> 00:31:46,400 Speaker 3: I'm just trying to keep up, and I'm going to 626 00:31:46,440 --> 00:31:51,440 Speaker 3: the poorhouse buying new appliances and new furniture because it's 627 00:31:51,480 --> 00:31:54,680 Speaker 3: just so poorly made. And I'm not a cheap skate, 628 00:31:55,280 --> 00:31:57,040 Speaker 3: I get it. It's like LOULI even buy crap. You 629 00:31:57,080 --> 00:31:58,000 Speaker 3: get crap, okay. 630 00:31:58,320 --> 00:32:00,400 Speaker 2: Point me to the non craps store. 631 00:32:00,880 --> 00:32:03,440 Speaker 3: Point me to the place where they have actual stuff 632 00:32:03,640 --> 00:32:07,160 Speaker 3: that was like the stuff I grew up with. Point 633 00:32:07,160 --> 00:32:10,320 Speaker 3: me to the store that sells electronics and appliances that 634 00:32:10,520 --> 00:32:19,040 Speaker 3: don't offer you an extended warranty because they don't need it. 635 00:32:16,280 --> 00:32:17,640 Speaker 2: Like, really really frustrating. 636 00:32:20,160 --> 00:32:23,320 Speaker 3: The vacuum is my favorite. I don't know what they 637 00:32:23,360 --> 00:32:26,360 Speaker 3: did at Hoover. If you grew up in the late 638 00:32:26,400 --> 00:32:28,680 Speaker 3: seventies and early eighties as I did, your mom had 639 00:32:28,720 --> 00:32:33,440 Speaker 3: either a Hoover vacuum cleaner, which was manufactured in Pennsylvania, 640 00:32:33,960 --> 00:32:37,680 Speaker 3: or an Electrolocks vacuum cleaner, which is a Swedish brand, 641 00:32:37,680 --> 00:32:41,040 Speaker 3: but it was manufactured in Connecticut by American workers with 642 00:32:41,120 --> 00:32:46,000 Speaker 3: American parts. And those vacuums were unbelievable. I mean unbelievable. 643 00:32:46,600 --> 00:32:51,800 Speaker 3: They never wore out. They vacuumed carpets, thick carpets, you know, 644 00:32:51,920 --> 00:32:53,320 Speaker 3: cut carpets didn't matter. 645 00:32:53,440 --> 00:32:54,360 Speaker 2: They got everything out. 646 00:32:54,640 --> 00:32:57,360 Speaker 3: We brought in sand from the baseball diamond and my 647 00:32:57,440 --> 00:32:58,560 Speaker 3: mom was able to get it out. 648 00:32:58,840 --> 00:32:59,960 Speaker 2: The carpets were always clean. 649 00:33:00,040 --> 00:33:02,360 Speaker 3: We can lay down on the carpet and watch baseball. 650 00:33:02,760 --> 00:33:04,880 Speaker 3: I mean the carpet's we always clean. The vacuum cleaner, 651 00:33:04,920 --> 00:33:06,920 Speaker 3: the Electroluxe is the one my mom had. It was 652 00:33:07,000 --> 00:33:10,200 Speaker 3: unbelievable and it was powerful. It sounded like a jet 653 00:33:10,240 --> 00:33:13,400 Speaker 3: engine when she fired it off. The vacuum cleaner scared 654 00:33:13,440 --> 00:33:19,600 Speaker 3: the dog. Remember those vacuum cleaners. I think it's still around. 655 00:33:19,640 --> 00:33:22,120 Speaker 3: I think when my mom died and we cleaned out 656 00:33:22,160 --> 00:33:25,040 Speaker 3: the house, I think my brother nabbed it and it 657 00:33:25,160 --> 00:33:28,200 Speaker 3: might be with him in Charlotte, North Carolina. Either way, 658 00:33:28,560 --> 00:33:32,600 Speaker 3: it lasted beyond my childhood and beyond my parents' life. 659 00:33:32,720 --> 00:33:36,240 Speaker 2: It was still working now. I just threw away. 660 00:33:37,560 --> 00:33:42,240 Speaker 3: A black and Decker dustbuster, not a full vacuum cleaner, 661 00:33:42,360 --> 00:33:44,520 Speaker 3: just something to pick up, you know, crumbs. 662 00:33:44,600 --> 00:33:46,240 Speaker 2: Kids are constantly in the house now. 663 00:33:46,240 --> 00:33:49,440 Speaker 3: They play football on that synthetic turf and it's got 664 00:33:49,440 --> 00:33:53,400 Speaker 3: that rubber black. It's like diced up car tire and 665 00:33:53,440 --> 00:33:55,920 Speaker 3: it's all over the house every Saturday afternoon after they 666 00:33:55,920 --> 00:33:58,840 Speaker 3: come back from football, and so it's perfect, right, I 667 00:33:58,880 --> 00:34:00,400 Speaker 3: want just a little. I don't drag out the great 668 00:34:00,400 --> 00:34:02,640 Speaker 3: big vacum cleaner. Just a little guy and it's black 669 00:34:02,640 --> 00:34:07,960 Speaker 3: and Decker, American brand, but flip it over. It's made 670 00:34:07,960 --> 00:34:10,960 Speaker 3: in China and it's just a complete piece of chunk, 671 00:34:11,239 --> 00:34:18,759 Speaker 3: Like it doesn't even pick up crumbs. And we didn't 672 00:34:18,800 --> 00:34:22,080 Speaker 3: have anything like that as a kid. And now it's 673 00:34:22,200 --> 00:34:26,280 Speaker 3: hard to find anything else. And people are like, well, 674 00:34:26,480 --> 00:34:28,000 Speaker 3: it's just a light duty vacuum. 675 00:34:28,080 --> 00:34:29,960 Speaker 2: No it's not. It's a piece of junk. Don't even 676 00:34:29,960 --> 00:34:31,160 Speaker 2: think you could take it to your car. 677 00:34:31,440 --> 00:34:33,120 Speaker 3: Some of them are like, oh, works in the homeworks 678 00:34:33,120 --> 00:34:36,000 Speaker 3: in the car, forget it, man. The dirt in your car, 679 00:34:36,120 --> 00:34:38,480 Speaker 3: the sand in your car, especially if you live near 680 00:34:38,480 --> 00:34:41,240 Speaker 3: the beach like I do and the kids go surfing, 681 00:34:42,120 --> 00:34:45,000 Speaker 3: you need a real American made vacuum cleaner. You need 682 00:34:45,040 --> 00:34:47,880 Speaker 3: your mom's vacuum cleaner to clean out your car. 683 00:34:48,200 --> 00:34:51,680 Speaker 2: Even the vacuums that they have at the. 684 00:34:51,120 --> 00:34:54,240 Speaker 3: Arco or the AMPN at the gas station, they're nowhere 685 00:34:54,280 --> 00:34:56,680 Speaker 3: near as strong as the vacuum cleaner as your mom used, 686 00:34:56,719 --> 00:34:58,840 Speaker 3: the vacuum up after you after. 687 00:34:58,840 --> 00:34:59,520 Speaker 2: Day out playing. 688 00:35:00,120 --> 00:35:02,319 Speaker 3: Now you're hard pressed to find anything like that, whether 689 00:35:02,360 --> 00:35:06,520 Speaker 3: you go to Costco or anywhere else. So the search continues, 690 00:35:07,120 --> 00:35:10,560 Speaker 3: but I will persevere. By the way, on my TikTok channel, 691 00:35:11,120 --> 00:35:13,320 Speaker 3: I go through all this. I am a huge advocate 692 00:35:13,320 --> 00:35:17,040 Speaker 3: for American manufacturing. I have been since the get go, 693 00:35:17,719 --> 00:35:22,320 Speaker 3: long before protectionism, long before Donald Trump, long before tariffs, 694 00:35:22,760 --> 00:35:23,560 Speaker 3: really long. 695 00:35:23,360 --> 00:35:24,320 Speaker 1: Before Ross Purout. 696 00:35:25,160 --> 00:35:29,760 Speaker 3: I was a huge advocate for protectionism, tariffs, American jobs, 697 00:35:29,800 --> 00:35:33,799 Speaker 3: and keeping American manufacturing and most importantly keeping plastic crap 698 00:35:33,840 --> 00:35:37,560 Speaker 3: from China and Japanese crap tools out of your house. 699 00:35:38,239 --> 00:35:39,440 Speaker 2: And I explain this. 700 00:35:39,680 --> 00:35:43,000 Speaker 3: Go to Luke Penrose Radio on TikTok and you will 701 00:35:43,000 --> 00:35:48,000 Speaker 3: see me go through every appliance in your house and 702 00:35:48,520 --> 00:35:50,479 Speaker 3: where what it used to be, where it was made, 703 00:35:50,480 --> 00:35:54,360 Speaker 3: how many jobs it supported when they closed the American jobs, 704 00:35:54,360 --> 00:35:56,800 Speaker 3: fired the Americans and ship the jobs to China. 705 00:35:57,440 --> 00:35:59,040 Speaker 2: That's all on there. You'll enjoy it. 706 00:36:00,120 --> 00:36:03,719 Speaker 3: Penrose on KFI AM six forty live everywhere on the 707 00:36:03,760 --> 00:36:04,680 Speaker 3: iHeartRadio app. 708 00:36:04,680 --> 00:36:07,600 Speaker 1: Hey, you've been listening to the John Cobalt Show podcast. 709 00:36:07,680 --> 00:36:10,120 Speaker 1: You can always hear the show live on KFI AM 710 00:36:10,200 --> 00:36:13,200 Speaker 1: six forty from one to four pm every Monday through Friday, 711 00:36:13,200 --> 00:36:16,480 Speaker 1: and of course anytime on demand on the iHeartRadio app.