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Speaker 1: It's that time, time, time, time, luck and lude. So

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Speaker 1: Michael Verie Show is on the air.

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Speaker 2: We have had a lot of news this week in

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Speaker 2: a lot of developments for the Trump White House. The

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Speaker 2: last known living American hostage in Gaza is set to

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Speaker 2: be released, progress on trade with China, this ceasefire between

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Speaker 2: India and Pakistan, and now possible face to face talks

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Speaker 2: between Zelenski and Kotin for the first time since Russia

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Speaker 2: invaded Ukraine.

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Speaker 3: With every single facet, We're gonna win so much. You

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Speaker 3: may even get tired.

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Speaker 4: Of winning, and you'll say, please, please, it's too much winning.

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Speaker 3: We can't take it anymore. This is the president.

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Speaker 4: It's too much.

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Speaker 5: And I'll say, no, it isn't.

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Speaker 6: We have to keep winning. We have to win more.

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Speaker 5: We're gonna win more.

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Speaker 3: We're gonna win so much.

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Speaker 6: No matter what.

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Speaker 4: Talking mine old I can now looking enough and every

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Speaker 4: time I up in the beauning everybody handle.

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Speaker 2: It's just awfully good that someone with the temperament of

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Speaker 2: Donald Trump is not in charge of the law in

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Speaker 2: our country, because you'd be in.

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Speaker 5: Jail and they say that have.

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Speaker 4: They they have they day that out.

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Speaker 7: Who's the standard line for them? Donald Trump is a

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Speaker 7: threat to democracy. I'm just the opposite. I'm the one

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Speaker 7: that fixed our military. I'm the one that knocked out

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Speaker 7: isis I'm the one I did so much. I also

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Speaker 7: took a bullet.

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Speaker 4: Now they just stated it's just winning baby when it

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Speaker 4: winging wii wan.

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Speaker 5: No matter what got money?

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Speaker 4: Oh my monucking now looking it up and.

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Speaker 3: Every time I up in the beauded everybody handle the

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Speaker 3: attacker in Pennsylvania wanted to stop our movement. But the

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Speaker 3: truth is, the movement has never been about me. It

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Speaker 3: has always been about you. It's your movement. It's the

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Speaker 3: biggest movement in the history of our country by far.

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Speaker 3: Can't you so it can't be stuffed?

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Speaker 4: They down down, don't do it if you're going in.

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Speaker 5: The interesting thing happening in one of our communities, the

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Speaker 5: what is being referred to as the region's biggest buyers market.

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Speaker 5: And of course, you know, a buyer's market is when

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Speaker 5: sellers are not getting top dollar, but buyers are able

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Speaker 5: to command the price they want. We've seen buyers markets,

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Speaker 5: we've seen sellers markets. I sort of equate it to

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Speaker 5: the stock market, where people will say, you know, we

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Speaker 5: want stocks to go up. I want stocks to go up,

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Speaker 5: then you'll make money. But the only people who make

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Speaker 5: money when stocks go up are people who already own

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Speaker 5: the stock with a lower basis in the stock. If

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Speaker 5: you're twenty five years old, just got your first paycheck,

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Speaker 5: and you want to buy three hundred dollars a month

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Speaker 5: or the stocks. Let's take a stock that yesterday was

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Speaker 5: seventy two dollars and today has popped to one hundred.

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Speaker 5: You're paying more for the same stock that could go

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Speaker 5: up or down in the future, So up or down,

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Speaker 5: it's not necessarily overall good or bad. The people who

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Speaker 5: already own the shares are happy if the values go up,

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Speaker 5: but only to the extent that they share that they sell.

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Speaker 5: If I bought at seventy two and it goes up

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Speaker 5: to one hundred, I just cashed out for twenty eight

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Speaker 5: in capital gains. Right. But if I'm a buyer and

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Speaker 5: I had budgeted seventy two dollars for that share, it

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Speaker 5: goes up to one hundreundred, I'm not able to buy,

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Speaker 5: So that becomes a seller's market. That means that there

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Speaker 5: is a creative wealth for shareholders at the price at

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Speaker 5: which they purchased, but their future purchases become difficult. So

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Speaker 5: there is this notion I notice floating around that the

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Speaker 5: stock market going up is a good thing. And part

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Speaker 5: of that is because you get so many people who

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Speaker 5: have a four to h one k and they've put

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Speaker 5: some money into that account every month. They'd like to

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Speaker 5: see that thing go up so that it can throw

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Speaker 5: off more cash for their retirement. Fine, but there is

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Speaker 5: also something to be said for the dips, which is

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Speaker 5: when smart investors buy. The problem is you don't want to,

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Speaker 5: they say, ride the dip to the ground. If a

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Speaker 5: stock is at one hundred and it drops down to sixty,

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Speaker 5: if it's going to go back to one hundred, you

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Speaker 5: want to buy. But what if it goes all the

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Speaker 5: way down to zero, a company goes out of business,

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Speaker 5: it's delisted. That happens too. The biggest buyer's market in

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Speaker 5: the real estate region is being described one local source

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Speaker 5: as Galveston. And why is that Because of the wave

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Speaker 5: of airbnbs flooding the listings. The average Galveston home now

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Speaker 5: sits on the market for over five months. As the

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Speaker 5: beach town shifts into what may be the biggest buyer's

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Speaker 5: market in the Houston region. The Chronicles. Marissa Luck says

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Speaker 5: there's a wave of vacation rentals hitting the market thanks

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Speaker 5: to a surge in short term rental owners looking to

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Speaker 5: offload their properties. For some, the demands and costs of

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Speaker 5: operating short term rentals can outweigh the rewards. The number

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Speaker 5: of homes for sale on Galveston Island has surged forty

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Speaker 5: two percent in the past year, hitting about one thousand

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Speaker 5: listings in the first quarter. According to har that's more

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Speaker 5: than double the number of homes for sale in the

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Speaker 5: area two years ago, when there were just four hundred

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Speaker 5: and thirty one homes for sale. Of the supply stems

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Speaker 5: from investors who purchased during the height of the pandemic. Okay,

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Speaker 5: so they bought at one hundred right, but not all

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Speaker 5: got the right advice. The glut of homes for sale

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Speaker 5: comes at a time of elevated mortgage rates and economic uncertainty,

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Speaker 5: which have sidelined many buyers. Galveston now has nearly seventeen

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Speaker 5: months of housing supply, far beyond the four to six

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Speaker 5: months considered a balanced market, according to Houston Association of Realtors.

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Speaker 5: Galveston real estate agents say much of today's supply stems

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Speaker 5: from homes purchased during the height of the pandemic, when

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Speaker 5: low interest rates and flexible remote work policies made second

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Speaker 5: homes and vacation rentals more attractive. Buyers were often lured

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Speaker 5: by the promise of promise of robust rental income, but

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Speaker 5: not all got the right advice. A house that would

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Speaker 5: have sold pre COVID for three hundred was selling for

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Speaker 5: six hundred or seven fifty, said Diane Moore, president of the

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Speaker 5: Galveston Association of Realtors. At the height of the pandemic,

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Speaker 5: I watched this happen. I saw homes that were on

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Speaker 5: the market when COVID hit. I watched those things, SPIKEE

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Speaker 5: come off the market and increase, Just like the childhood

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Speaker 5: home of Pope Leo the fourteen. His childhood home was

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Speaker 5: on the market and it was marketed as you know,

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Speaker 5: a nice three bedroom, too bad whatever. When he was

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Speaker 5: announced as the pope that day, the conclave made the decision.

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Speaker 5: The house was taken off the market for a day

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Speaker 5: or two and put back on it something like double

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Speaker 5: the price, because all of a sudden there was it

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Speaker 5: had something, it had gold dust on it that somebody

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Speaker 5: would want that as that was the Pope's childhood home.

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Speaker 5: I watched people flood down. And again this is basic

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Speaker 5: economics that we talk about all the time. The supply

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Speaker 5: of homes in Galveston didn't change. The demand increased. So

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Speaker 5: you look on the curve. When you increase demand without

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Speaker 5: changing supply, what happened You drive the prices. Now those

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Speaker 5: people that bought at those high prices trying to get out.

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Speaker 5: We've talked about concierge medicine recently, and it really is

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Speaker 5: a market based response. And for some solution to a problem,

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Speaker 5: eventually the market finds a solution. It might be that

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Speaker 5: it's stumbling around in the dark looking for a wall

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Speaker 5: that can push. That's an opening to the light. But

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Speaker 5: and it won't be available to everyone, and it might

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Speaker 5: not be cost effective for everyone, might be out of

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Speaker 5: reach financially. But the market is a problem solver, and

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Speaker 5: that's what's going to happen.

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Speaker 6: Now.

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Speaker 5: Not everybody will have their problem solved or to the

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Speaker 5: extent they want, or it might not be fast enough,

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Speaker 5: but the market is a problem solver. Let's take a

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Speaker 5: clearing or the top of the line rolls ross. That

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Speaker 5: car is not necessarily faster than anything else. It doesn't

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Speaker 5: necessarily ride better, it doesn't last longer, it doesn't have

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Speaker 5: some feature that no one else has. It's simply a

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Speaker 5: status symbol. That is ninety nine percent of the value

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Speaker 5: of those cars. It's a status symbol. That's why they

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Speaker 5: have to be designed and contoured in such a way

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Speaker 5: that they look distinct. Most of the cost of that

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Speaker 5: vehicle is to say I've got a lot of money. Now,

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Speaker 5: whether you do or not, whether it's an exotic rental,

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Speaker 5: whether it's a Ponzi scheme. I've noticed that most people

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Speaker 5: driving cars like that today are not the fabulously wealthy.

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Speaker 5: There's some guy that got a rookie contract or some

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Speaker 5: guy that's playing fast and loose with business principles and

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Speaker 5: the law, and a lot of those guys go down.

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Speaker 5: But that's who wants to give off the vibe. It's

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Speaker 5: very important to give off this vibe. That is a

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Speaker 5: solution in the marketplace for a certain problem. The problem

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Speaker 5: being how do I convey the message that I am

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Speaker 5: fabulously wealthy, because I think that's what that car conveys.

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Speaker 5: Oh well, here is a car not for the average person.

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Speaker 5: If it was for the average person, kind of like

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Speaker 5: the toll road. If everybody could use it, it wouldn't

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Speaker 5: have the value, it wouldn't have the effectiveness for the user.

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Speaker 5: So part of the price is in and of itself exclusivity.

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Speaker 5: The person doesn't want a thirty thousand dollars car. You

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Speaker 5: pass ten parking lots to get to Tillman's lot at

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Speaker 5: the post op where you get the Rolls Royce. You

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Speaker 5: could have purchased a lot of other reasonably priced vehicles

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Speaker 5: that would do more than what you needed at Lone

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Speaker 5: Star Chevrolet or any other dealership. So this slet here

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Speaker 5: is going to be an interesting one because there has

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Speaker 5: been an attempt in a regulatory fashion to pull back

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Speaker 5: on the airbnb. And what happened was I know because

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Speaker 5: I watched a lot of people do this and there's

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Speaker 5: nothing wrong with it. People think I'm somehow ridiculing them

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Speaker 5: or taunting them or insulting them. No, I'm repeating what

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Speaker 5: I watched happen, and they feel indicted by it or

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Speaker 5: convicted by it, and there's no need to It happens.

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Speaker 5: We all do it. So here's what happened. You had

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Speaker 5: a family in Houston living in Briargrove Park. Let's say,

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Speaker 5: and COVID hits all of a sudden. The kids aren't

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Speaker 5: going to school and they're driving mama crazy. They're home

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Speaker 5: all day. The husband's not going to school. He's driving

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Speaker 5: mama crazy. And because he's at work, everybody has to

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Speaker 5: be quiet. We've got to you know, he's converted some

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Speaker 5: room to his office and there's too much noise. And

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Speaker 5: so her girlfriend says, why won't y'all come down. We

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Speaker 5: got a place down in Galson. Why won't y'all come

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Speaker 5: down for a couple of days this weekend. Let Mike

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Speaker 5: stay there and work, or Bob or Bill or Brian

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Speaker 5: or whatever his name is, let him stay there and work.

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Speaker 5: He can come down on Friday when he's done, and

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Speaker 5: you and the kids come down, and y'all can be

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Speaker 5: here at the house and give him some space. And

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Speaker 5: then you know, the kids are going stir crazy. Okay,

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Speaker 5: then my kids'll house somebody to play with your kids? Okay, yes,

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Speaker 5: all right. So they go down and she says, you

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Speaker 5: know this was you say, it's an hour, but if

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Speaker 5: you if you are west of town, it's more than

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Speaker 5: an hour. It's going to be up to an hour.

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Speaker 5: It could be out up to an hour and forty

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Speaker 5: five minutes top on how far you go down. So

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Speaker 5: there you are in Galveston, having a nice time. Maybe

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Speaker 5: see Isle, maybe one of those communities, Jamaica Beach. And

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Speaker 5: she says, oh man, this would I really like it

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Speaker 5: done here. Mama can have a drink, sit out and

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Speaker 5: watch the ocean, the kids play, they get out of

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Speaker 5: my hair. Oh this is great. Well, honey, we can't

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Speaker 5: afford a place down here like this. We're already you know,

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Speaker 5: we're already kind of where we need to be. And

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Speaker 5: she says, no, that's just it. Julie told me that

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Speaker 5: we can rent it out when we're not here. Oh no, no, no, no, no,

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Speaker 5: stand and see it all they take thirty three. No,

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Speaker 5: you just airbnb it and I can do it, Julie said,

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Speaker 5: she started doing it. I can do it. I can

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Speaker 5: airbnb it. That they're telling me, we can pay for

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Speaker 5: it just the nights were not here. We can pay

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Speaker 5: for it out of airbnb. So the first one that

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Speaker 5: went on the market, oh boy, it was probably rented

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Speaker 5: up every night because now you could rent a house

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Speaker 5: not didn't have to do it for a month, which

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Speaker 5: is what you had to do before or just during

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Speaker 5: the summer. You could do a house for two or

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Speaker 5: three nights in Jamaica Beach. You couldn't rent in Pirates

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Speaker 5: Cove that that was different, but in most of those

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Speaker 5: Spanish I think you could. You could rent it. You

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Speaker 5: could rent a unit, a house for some period of time, two,

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Speaker 5: three days, whatever the minimum was. So all of a

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Speaker 5: sudden people started hearing about that. Well, Julie comes back

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Speaker 5: and she tells Jennifer. Jennifer tells Amy, and before you

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Speaker 5: know it, they're going you get you a place in there,

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Speaker 5: and then our kids can gather. We can gather. We'll

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Speaker 5: have some rose on the front porch. This will be great.

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Speaker 5: The husbands stay here at work, they can come down

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Speaker 5: when they're through. Maybe they come down on Thursday evening.

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Speaker 5: The thing will pay for itself. I'll do the work. Well,

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Speaker 5: everybody got that brilliant idea. That's what happened, and then

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Speaker 5: you had a glut of homes on the airbnb market. Well,

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Speaker 5: the other down side of that was that if the

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Speaker 5: people on either side of you had an Airbnb, then

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Speaker 5: when you were down there, because the point was to

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Speaker 5: have a weekend home, right, not an investment property. The

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Speaker 5: airbnb activity was designed to help you pay for it. Well,

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Speaker 5: now the people on both sides of you and by

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Speaker 5: you have airbn beat it. Well. Guess what you know.

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Speaker 5: Those people on the carnival cruise they airbnb. They can

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Speaker 5: pull together some money. You know the guy that that

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Speaker 5: you don't want to sit next to at the football

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Speaker 5: game because he's screaming and drunking all that, Well, they

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Speaker 5: bring eight folks down to the Airbnb next to you.

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Speaker 5: I would love to hear from some folks who did,

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Speaker 5: who ran an Airbnb with your stories in Galuston seven

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Speaker 5: one three nine nine nine one thousand, seven one three

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Speaker 5: nine nine nine one thousand. I think that there might.

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Speaker 6: Be sause I got nothing going on down there.

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Speaker 5: Probably I have heard this in bars, at weddings, bar mitzvahs,

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Speaker 5: you name it twenty five times, and I never bothered

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Speaker 5: to learn. Apparently the song is called blue and the

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Speaker 5: band is Eiffel fifty five. Who knew? Oh sixty five?

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Speaker 5: Okay five? I mean, don't judge, but I I've always

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Speaker 5: thought it kind of creates a good vibe at a party.

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Speaker 5: I just never knew what the darn song was, and

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Speaker 5: I never knew what I don't know what year it

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Speaker 5: came out. It just showed up one day, and when

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Speaker 5: it showed up, it felt like it had been around

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Speaker 5: for ten years. It's one of those songs that feels

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Speaker 5: like it was big when ed Sheuran was big, whenever

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Speaker 5: that was. I don't know when that was. Was that

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Speaker 5: eight It's sort of like there's years there, like decades.

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Speaker 5: I don't know what year Lady Gaga came on. Was

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Speaker 5: it two thousand and two, was it twenty twelve, was

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Speaker 5: it twenty eighteen. I don't know. It was just somewhere

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Speaker 5: in that realm where I don't listen to Top forty.

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Speaker 5: So I just know they are these people that popped up,

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Speaker 5: and I don't know when they popped up. I don't

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Speaker 5: know how they popped up. I'm not mad at them

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Speaker 5: for popping up. I'm not saying you're an idiot for

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Speaker 5: listening to him. I just don't know. Somebody told me

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Speaker 5: the other day, Eddie's always trying to get me to

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Speaker 5: listen to these new country guys. And then I find out,

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Speaker 5: so Eddie tells me about two or three years ago,

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Speaker 5: you ever listened to Morgan Wallen? Know who's that?

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Speaker 6: Who is she? No?

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Speaker 5: No, No, he's got a dude. I can't believe Morgan

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Speaker 5: Wallen no idea, and I didn't. He was the top

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Speaker 5: country pop whatever guy and had been for like five

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Speaker 5: years at that point. By the time I heard a

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Speaker 5: jelly roll song. I happened to see a video somebody

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Speaker 5: sent to me, and but for the fact that he's

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Speaker 5: so fat, I wouldn't have watched it. But he was

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Speaker 5: so fat and tattoos all over him. I couldn't help

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Speaker 5: but watch. I couldn't help but watch, And yet he

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Speaker 5: had the sweetest disposition, and I thought, this guy's been

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Speaker 5: through something, but he just has It's like he's he's

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Speaker 5: just been saved, like five minutes ago. He's just been saved.

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Speaker 5: And he has that look like if you go jelly roll,

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Speaker 5: this is a great day. It's the greatest day of

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Speaker 5: your life. You begin living today. Would you like to

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Speaker 5: go eat at Loubi's? And he has that forever countenance

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Speaker 5: that it's like, yes, yes, we can eat as f

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Speaker 5: Hello shit. He kind of has that all the time.

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Speaker 5: That caught my attention. Other than that, I don't know

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Speaker 5: any of these people. All right, your Airbnb stories good

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Speaker 5: and bad. I'm not saying it's all bad. Let's start

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Speaker 5: with Brandon. Brandon, you're on the Michael Berry Show.

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Speaker 8: Go ahead, Good morning, Michael. My name is Brandon McDermott.

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Speaker 8: I'm actually a city council member in the city of

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Speaker 8: Jamaica Beach down here in Galaston.

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Speaker 5: Aren't you a singer?

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Speaker 8: Yes, I do. I am the stener in the brand

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Speaker 8: mc dermott. And you've played my song quite a few times. Actually, yeah,

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Speaker 8: you release something.

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Speaker 5: The other day. I don't know if it was a

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Speaker 5: new song you wanted me to. You had a Michael

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Speaker 5: did you do at Michael Berry Show?

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Speaker 8: So I did. We did a Michael Show sorry, Michael

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Speaker 8: Berry Show jingle a while back back when Obama was president,

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Speaker 8: and it was kind of a contrasting his presidency with

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Speaker 8: you keeping everybody saying during.

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Speaker 5: It okay, I sent you an email back saying send

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Speaker 5: me that jingle. Did you send it? Yes, sir, I did.

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Speaker 8: It was it was Friday, so oh yeah, but yes, sir,

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Speaker 8: I did. And I could rescind it.

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Speaker 5: If you need it anyway, So go ahead.

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Speaker 8: So I actually ran my whole campaign a year ago.

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Speaker 8: My platform was regulating short terminals in Jamaica. Beach Witch

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Speaker 8: is the city where I was born and raised and

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Speaker 8: grew up. As I was growing up, we had probably

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Speaker 8: artificial data is we had in from nineteen eighty four

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Speaker 8: to nineteen ninety nine we had about ten STRs. From

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Speaker 8: two thousand to two thousand and nine we had about

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Speaker 8: thirty twenty.

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Speaker 5: To twenty four. I want to write this down and

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Speaker 5: for the people at home, and STR is a short

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Speaker 5: term rental. So used to you had rent monthly. A

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Speaker 5: short term rental is a whole different ball game because

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Speaker 5: you could you can run, You can get people that

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Speaker 5: are holding parties, whereas somebody for a month might be

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Speaker 5: a snowbird coming down, coming down from the northeast for

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Speaker 5: our mild winters. All right, so in what year did

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Speaker 5: y'all have right? Give me those numbers again?

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Speaker 8: So in nineteen eighty four to nineteen ninety nine we

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Speaker 8: had about ten to twelve or terminals. In two thousand

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Speaker 8: to two thousand and nine we were up to thirty.

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Speaker 8: In twenty ten to twenty fourteen we were at about

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Speaker 8: sixty to seventy. Twenty fifteen to twenty nineteen we had

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Speaker 8: gotten to one hundred and thirty. And then when COVID

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Speaker 8: hit from twenty twenty to twenty twenty three, we jumped

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Speaker 8: all the way up to three hundred and seventy.

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Speaker 5: How many individuals homes? How many single family homes do

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Speaker 5: you have?

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Speaker 8: There's approximately one thousand to thirteen hundred homes in Jamaica Beach.

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Speaker 5: Oh, so you're talking about almost forty You're talking about

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Speaker 5: between thirty and forty percent of the homes were.

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Speaker 8: Correct, and that happened real fast. So it's completely changed

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Speaker 8: the fabric of our neighborhood. Where we went from a

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Speaker 8: community of a lot of full timers and a lot

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Speaker 8: of weekenders who had houses in Jamaica Beach but didn't

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Speaker 8: necessarily use them during the week or during the winter,

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Speaker 8: to basically of revolving hotel and it's really just kind

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Speaker 8: of put the residence on edge, and it's completely changed the.

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Speaker 5: Fabric of our neighborhood.

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Speaker 8: And even back when short terminals were not so prevalent

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Speaker 8: in our neighborhood, the Internet changed everything because you used

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Speaker 8: to have to go through a rental company to rent

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Speaker 8: the house, so that meant a person physically had to

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Speaker 8: go pick up a key, meet the person. There was

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Speaker 8: a rental agency responsible for the behavior of that house.

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Speaker 8: Now there's you can do everything on the internet. Have

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Speaker 8: electronic doorlocks. So just this past weekend, there was a

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Speaker 8: house with probably one hundred, one hundred and fifty kids

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Speaker 8: renting it for prom that the parents rented it for him,

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Speaker 8: didn't even come down, just gave the kids the code.

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Speaker 8: They told everyone on the internet. They threw a giant party,

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Speaker 8: and you know, the police had to get involved. There's

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Speaker 8: cars parked up and down every single road, and our

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Speaker 8: neighborhood just really isn't the same anymore. So, you know,

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Speaker 8: I ran trying to pass some regulations on that. I

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Speaker 8: got elected overwhelmingly and we have got a new ordnance

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Speaker 8: in place. But you know, it's it's there's a lot

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Speaker 8: that you can't do. You know, there's there's property rights,

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Speaker 8: which I understand too, I'm a property rights guy, but

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Speaker 8: the people that live there also have rights to have

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Speaker 8: a community.

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Speaker 5: It's not a hotel. Interesting. So the restrictions that y'all

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00:22:05,200 --> 00:22:08,920
Speaker 5: are trying to narrowly tailor to deal with this problem,

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00:22:08,960 --> 00:22:14,320
Speaker 5: are they noise restrictions, are they on street parking restrictions?

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Speaker 5: Are they occupancy We're.

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Speaker 8: Kind of a wide it's kind of a wide swath

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Speaker 8: of stuff. Our current ordinance, right now we'd passed to

400
00:22:24,119 --> 00:22:26,960
Speaker 8: somewhat limit how many people could stay in a home.

401
00:22:28,720 --> 00:22:31,720
Speaker 8: It's very common in Texas to have they call it

402
00:22:31,760 --> 00:22:34,400
Speaker 8: two plus two or two plus four, where it's two

403
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Speaker 8: plus two is two people for per bedroom plus an

404
00:22:37,440 --> 00:22:39,879
Speaker 8: additional two people in the house, so you know, three

405
00:22:39,880 --> 00:22:42,600
Speaker 8: bedroom would be two four six plus the additional two,

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Speaker 8: so you could have eight people stay there. We actually

407
00:22:45,160 --> 00:22:50,200
Speaker 8: passed two plus four, which you know, up the number

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Speaker 8: of people that can stay there to ten. But then

409
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Speaker 8: we added another thing where you would divide the square

410
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Speaker 8: foot of the house by one fifty and whichever was

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Speaker 8: less is how you decided who was in there. But

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Speaker 8: it averages out to about ten people per three bedroom

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Speaker 8: or twelve per per four bedroom or something like that,

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Speaker 8: which you know there's a lot of people for a

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00:23:11,040 --> 00:23:13,439
Speaker 8: house that's meant for three. It puts a strain on

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Speaker 8: our infrastructure, which in Jamaica Beach we have our own

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Speaker 8: aging seward plant which its inundated with saltwater when you

418
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Speaker 8: get a hurricane, but it also spikes in the summertime

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Speaker 8: when we had we have twelve people.

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Speaker 5: Of Jamaica Beach. How did he keep it in well?

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Speaker 5: The greatest well that is in your life.

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Speaker 1: It's h the mocl.

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Speaker 5: Arry's formal ware.

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Speaker 1: We have all your formal were needs, from morning suits

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00:23:38,040 --> 00:23:40,320
Speaker 1: to coordinating accessories.

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Speaker 5: Working two end, working toned. Brendon McDermott's name Will and

427
00:23:46,160 --> 00:23:48,760
Speaker 5: lopped out to me because he has a band and

428
00:23:48,800 --> 00:23:51,760
Speaker 5: they used to perform at the RCC. He is a

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Speaker 5: Jamaica Beach City councilman. With the intention of do you

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Speaker 5: live in Jamaica Beach full time?

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Speaker 8: I was born and raised and still live there today.

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Speaker 5: So of the one thousand to thirteen hundred homes, wish

433
00:24:07,359 --> 00:24:10,520
Speaker 5: you had an exact number. But of that number, what

434
00:24:10,560 --> 00:24:18,080
Speaker 5: percentage do you think are full time residence? You're out, Uh.

435
00:24:18,280 --> 00:24:22,840
Speaker 8: I think we're probably full time, maybe fifty percent, and

436
00:24:22,880 --> 00:24:26,680
Speaker 8: then I would say probably twenty five thirty percent SDRs

437
00:24:26,680 --> 00:24:33,560
Speaker 8: and the rest probably weekenders and summer snowbirds and summer focus.

438
00:24:34,320 --> 00:24:36,800
Speaker 5: One of the problems we've seen in Houston, and there's

439
00:24:36,800 --> 00:24:38,560
Speaker 5: a woman I forgive the name, she's an Asian woman.

440
00:24:38,640 --> 00:24:41,800
Speaker 5: She kind of took up the whole neighborhood's concern is

441
00:24:41,840 --> 00:24:44,199
Speaker 5: you get to one of the areas where this has

442
00:24:44,240 --> 00:24:50,040
Speaker 5: been really bad, is sam Phillippy just west of Oss

443
00:24:50,359 --> 00:24:54,159
Speaker 5: there's a water border rut there and there's a little

444
00:24:56,000 --> 00:24:59,879
Speaker 5: gas station and if you go south down that street,

445
00:25:00,400 --> 00:25:05,000
Speaker 5: it used to be affordable condos that were owned by

446
00:25:05,000 --> 00:25:08,560
Speaker 5: people and had been owned by people for decades. And

447
00:25:08,000 --> 00:25:11,760
Speaker 5: it was people that you know, secretaries and office workers

448
00:25:11,760 --> 00:25:13,880
Speaker 5: and things like that, and they could afford to live

449
00:25:15,440 --> 00:25:18,920
Speaker 5: inside the Beltway in a neighborhood that had a nice retail,

450
00:25:19,240 --> 00:25:22,480
Speaker 5: in a neighborhood, you know, close to in between Briargrove

451
00:25:22,560 --> 00:25:26,679
Speaker 5: and Tanglewood and the villages, and they could have this

452
00:25:26,840 --> 00:25:29,959
Speaker 5: nice quality of life in a condo that they could afford.

453
00:25:30,680 --> 00:25:36,000
Speaker 5: And then somebody, I think it was an Irani guy,

454
00:25:36,040 --> 00:25:37,760
Speaker 5: but I'm not positive that's what I was told. I

455
00:25:37,760 --> 00:25:40,800
Speaker 5: know who the guy is. But he started leasing out

456
00:25:41,040 --> 00:25:43,520
Speaker 5: or renting out one of these condos he had bought

457
00:25:43,560 --> 00:25:48,240
Speaker 5: as an investment. And it was an anything goes party.

458
00:25:48,680 --> 00:25:50,960
Speaker 5: So they've got a balcony out front and it's got

459
00:25:50,960 --> 00:25:52,760
Speaker 5: a little lawn in the front of it. They're more

460
00:25:52,800 --> 00:25:56,880
Speaker 5: sort of patio homes, but they're pretty small, and they're

461
00:25:56,920 --> 00:25:59,199
Speaker 5: having a party to end all parties. They're up all night.

462
00:25:59,240 --> 00:26:03,440
Speaker 5: They're having sex and the yard. They're dealing drugs, they're parked.

463
00:26:03,480 --> 00:26:06,800
Speaker 5: There's no parking off street parking, so the street is

464
00:26:06,880 --> 00:26:10,320
Speaker 5: just full of cars and these folks. The difference is

465
00:26:10,600 --> 00:26:13,600
Speaker 5: when the cops pull up, these folks don't scatter. They

466
00:26:13,640 --> 00:26:15,480
Speaker 5: stay out there and whiz in front of the cop.

467
00:26:15,560 --> 00:26:19,080
Speaker 5: You know, the cop goes to arrest them, and everybody's filming.

468
00:26:19,200 --> 00:26:21,480
Speaker 5: You know, they might jump the cup. So it just

469
00:26:21,720 --> 00:26:23,719
Speaker 5: all of a sudden, these people were hostages in their

470
00:26:23,720 --> 00:26:25,920
Speaker 5: own home and the problem was they couldn't sell their

471
00:26:25,960 --> 00:26:28,520
Speaker 5: home now because nobody wanted to move into this. So

472
00:26:28,560 --> 00:26:30,200
Speaker 5: if the city didn't deal with it, and the city's

473
00:26:30,240 --> 00:26:32,280
Speaker 5: not prepared to deal with things like this, because you

474
00:26:32,280 --> 00:26:33,919
Speaker 5: would have had Sheila Jackson Lee at the time when

475
00:26:33,920 --> 00:26:37,439
Speaker 5: Sylvester turned everybody else rushing to their defense. And so

476
00:26:37,840 --> 00:26:41,000
Speaker 5: this little Asian lady speaking English as the second language,

477
00:26:41,040 --> 00:26:42,720
Speaker 5: was the only one that would speak out in the neighborhood.

478
00:26:42,760 --> 00:26:44,320
Speaker 5: But she kept it in the news. I mean every

479
00:26:44,400 --> 00:26:46,280
Speaker 5: day she made it an issue. I don't know how

480
00:26:46,280 --> 00:26:49,200
Speaker 5: it resolved itself. So your probably, I don't think quite

481
00:26:49,200 --> 00:26:51,720
Speaker 5: that bad. But is it pretty wild? Parties? Is that

482
00:26:51,800 --> 00:26:52,960
Speaker 5: the str problem?

483
00:26:54,680 --> 00:26:58,320
Speaker 8: Yeah, it's the law. Parties are probably the major seeing.

484
00:26:58,520 --> 00:27:02,000
Speaker 8: You know, we call them the bad actors, but you know,

485
00:27:02,320 --> 00:27:05,520
Speaker 8: it's it's people come to these houses to have a

486
00:27:05,520 --> 00:27:07,200
Speaker 8: good time, and whether they're having a party or they're

487
00:27:07,240 --> 00:27:10,400
Speaker 8: just on vacation, and the typical turnover is about three days,

488
00:27:10,440 --> 00:27:14,120
Speaker 8: so they'll reset with people every three days. So let's

489
00:27:14,160 --> 00:27:17,400
Speaker 8: say you have a group in there and they're loud

490
00:27:17,480 --> 00:27:19,000
Speaker 8: or something and the police stop buying, give them the

491
00:27:19,040 --> 00:27:21,400
Speaker 8: warning or whatever, and well, okay, so they get quiet,

492
00:27:21,440 --> 00:27:22,880
Speaker 8: but then three days later you get a new one,

493
00:27:22,880 --> 00:27:24,480
Speaker 8: and then that kind of thing happens again, and then

494
00:27:24,520 --> 00:27:26,520
Speaker 8: three days later you get a new one. So to

495
00:27:26,600 --> 00:27:29,480
Speaker 8: the renter, it was only you know, one interaction with

496
00:27:29,520 --> 00:27:32,040
Speaker 8: the police or one disturbance to the neighbors, and they

497
00:27:32,040 --> 00:27:33,679
Speaker 8: think they're not that bad. But to the person that

498
00:27:33,800 --> 00:27:36,479
Speaker 8: lives there, that's happening every single three days, and it

499
00:27:36,560 --> 00:27:39,399
Speaker 8: really starts to kind of it's just great on you know,

500
00:27:39,600 --> 00:27:43,479
Speaker 8: it ruins your your quality of life by having this

501
00:27:43,720 --> 00:27:46,880
Speaker 8: revolving hotel of people who maybe they're not even necessarily

502
00:27:46,920 --> 00:27:49,120
Speaker 8: being that bad. Although we have some houses that are

503
00:27:49,240 --> 00:27:52,000
Speaker 8: clearly party houses, like you're saying, where people are having

504
00:27:52,080 --> 00:27:53,920
Speaker 8: sex on the balcony and parking up and down the

505
00:27:53,960 --> 00:27:57,640
Speaker 8: street and just throwing garbage everywhere, but even a house

506
00:27:57,640 --> 00:28:00,640
Speaker 8: it's not that bad. You know, multiple times of small

507
00:28:00,680 --> 00:28:03,359
Speaker 8: infractions can really start to kind of ruin your quality

508
00:28:03,400 --> 00:28:04,919
Speaker 8: of life if you live next door to that.

509
00:28:07,880 --> 00:28:11,439
Speaker 5: And how are the Jamaica Beach Police in dealing with this?

510
00:28:11,480 --> 00:28:13,240
Speaker 5: Are they aggressive in it or are they kind of

511
00:28:13,400 --> 00:28:18,960
Speaker 5: lass a fair adam more engage. Well, I think they.

512
00:28:18,880 --> 00:28:22,240
Speaker 8: Do a great job. We're working on our new ordnance

513
00:28:22,280 --> 00:28:26,119
Speaker 8: of making sure that everything gets logged. If there's not

514
00:28:26,160 --> 00:28:28,399
Speaker 8: a record of the problems, then there's not much you

515
00:28:28,440 --> 00:28:31,080
Speaker 8: can do about the bad actors or the houses that

516
00:28:31,400 --> 00:28:35,720
Speaker 8: are continuously having problems. So, uh, we've kind of got

517
00:28:35,760 --> 00:28:39,160
Speaker 8: the police to start really logging these things, keeping track

518
00:28:39,200 --> 00:28:40,960
Speaker 8: of stuff so that we can keep a running tally.

519
00:28:42,680 --> 00:28:44,760
Speaker 8: We put in our ordinance where you know, if there's

520
00:28:45,120 --> 00:28:47,520
Speaker 8: multiple things happening multiple times and they keep adding up

521
00:28:47,560 --> 00:28:49,720
Speaker 8: and keep adding up, and you know that the owner

522
00:28:49,760 --> 00:28:51,840
Speaker 8: can be held responsible for some things instead of just

523
00:28:51,880 --> 00:28:54,520
Speaker 8: the renters. And we're hopeful that that's going to help

524
00:28:54,600 --> 00:28:56,200
Speaker 8: crack down on some of the issues as well.

525
00:28:57,920 --> 00:29:01,640
Speaker 5: The units that are being put in the str pool,

526
00:29:02,880 --> 00:29:06,440
Speaker 5: are those units being are those folks ever coming down

527
00:29:06,440 --> 00:29:08,920
Speaker 5: themselves or is this purely an investment vehicle for them.

528
00:29:08,920 --> 00:29:13,160
Speaker 8: Now we have a mixture of both. Actually, we have

529
00:29:13,280 --> 00:29:16,239
Speaker 8: some people that they need to do the SR as

530
00:29:16,240 --> 00:29:18,480
Speaker 8: you were seeing earlier, to afford that to own this home,

531
00:29:18,560 --> 00:29:21,760
Speaker 8: so they'll rent it out periodically, and then they'll come

532
00:29:21,800 --> 00:29:24,840
Speaker 8: down to some as well. And those owners typically are

533
00:29:24,920 --> 00:29:27,920
Speaker 8: better because they are also using their house, so they

534
00:29:27,920 --> 00:29:29,440
Speaker 8: want it to stay nice and they don't want bad

535
00:29:29,480 --> 00:29:31,560
Speaker 8: things to happen. And then we have people that buy

536
00:29:31,600 --> 00:29:35,120
Speaker 8: five or six or seven homes in Jamaica Beach and

537
00:29:35,160 --> 00:29:38,360
Speaker 8: they're strictly investing in there. They don't really care and

538
00:29:38,400 --> 00:29:43,440
Speaker 8: we have a lot of problems with those homes.

539
00:29:43,560 --> 00:29:46,680
Speaker 5: Very interesting. Brandon McDermott, thanks for sharing your perspective that

540
00:29:46,880 --> 00:29:52,040
Speaker 5: is in Jamaica Beach. You know, I've noticed one of

541
00:29:52,080 --> 00:29:56,360
Speaker 5: the things that has allowed or ensured that Pirate's Cove

542
00:29:56,840 --> 00:29:59,320
Speaker 5: has kept its value. And there are a couple of

543
00:30:00,000 --> 00:30:04,800
Speaker 5: reasons for this is you've got bigger lots with bigger setbacks,

544
00:30:04,920 --> 00:30:07,560
Speaker 5: more space in between. That's important some of these communities,

545
00:30:07,600 --> 00:30:09,120
Speaker 5: the houses that are right on top of each other,

546
00:30:09,840 --> 00:30:13,640
Speaker 5: you've got I think that's a big one. But I

547
00:30:13,680 --> 00:30:16,120
Speaker 5: think that the fact that you can't do short term

548
00:30:16,200 --> 00:30:21,360
Speaker 5: leases in Pirates Cove has probably added I don't know,

549
00:30:21,480 --> 00:30:24,920
Speaker 5: twenty percent to the values because the kinds of people

550
00:30:24,920 --> 00:30:27,840
Speaker 5: who want to go down to Galveston. I don't think

551
00:30:28,120 --> 00:30:29,920
Speaker 5: Pirates Cove has very many because I have friends and

552
00:30:29,920 --> 00:30:31,760
Speaker 5: I go down and visit them there. I don't think

553
00:30:31,840 --> 00:30:35,520
Speaker 5: Parts Cove has very many full time residents at all,

554
00:30:35,600 --> 00:30:37,760
Speaker 5: but it tends to be a place at river Oaks

555
00:30:37,760 --> 00:30:41,640
Speaker 5: and Tanglewood and villages and those kinds of people. Woodlands

556
00:30:42,120 --> 00:30:44,240
Speaker 5: go down for the weekend, and they don't want that

557
00:30:44,240 --> 00:30:47,239
Speaker 5: stuff there, and so they're very strict in preventing it.

558
00:30:47,320 --> 00:30:51,360
Speaker 5: In fact, Lafitte, which was a George Mitchell development, which

559
00:30:51,400 --> 00:30:55,600
Speaker 5: is a newer version, which is just east of Pirate's Cove,

560
00:30:56,320 --> 00:30:59,600
Speaker 5: it is strictly forbidden. You cannot rent a place there

561
00:30:59,640 --> 00:31:01,880
Speaker 5: at all. So I think they probably have a few

562
00:31:01,880 --> 00:31:05,240
Speaker 5: more people who live there. But you're buying in that's

563
00:31:05,280 --> 00:31:08,720
Speaker 5: baked into the price that they you're not going to

564
00:31:08,760 --> 00:31:12,160
Speaker 5: have someone short term rountal, So you don't buy in

565
00:31:12,200 --> 00:31:15,480
Speaker 5: there if you need to lease it out. Philip, you're up, Go.

566
00:31:15,440 --> 00:31:21,680
Speaker 6: Ahead, good morning, sir. I live on the East End

567
00:31:21,840 --> 00:31:26,320
Speaker 6: opposite of Brandon and it's been a wild run. My

568
00:31:26,400 --> 00:31:29,479
Speaker 6: parents have been down here since the early two thousands.

569
00:31:29,560 --> 00:31:30,280
Speaker 5: They started with.

570
00:31:30,240 --> 00:31:34,560
Speaker 6: Their str over behind Joe's on Avenue S and it's

571
00:31:34,560 --> 00:31:40,280
Speaker 6: a break even point. And during COVID, home prices shot up,

572
00:31:40,760 --> 00:31:43,080
Speaker 6: homes got bought, and now it's littered for sale. I

573
00:31:43,080 --> 00:31:45,640
Speaker 6: have six for sale within one block of me right now.

574
00:31:45,680 --> 00:31:47,800
Speaker 5: And where are you in the East End.

575
00:31:48,920 --> 00:31:51,160
Speaker 6: I'm at thirty You know where Queen's Barbecue is at

576
00:31:51,160 --> 00:31:51,960
Speaker 6: thirty fifth and S.

577
00:31:52,760 --> 00:31:54,360
Speaker 5: No, but I know, I know. We're thirty fifth in

578
00:31:54,360 --> 00:31:55,320
Speaker 5: the neighbors.

579
00:31:58,400 --> 00:32:00,640
Speaker 6: I'm down here. I live down here in the house,

580
00:32:01,240 --> 00:32:02,200
Speaker 6: and I see.

581
00:32:02,040 --> 00:32:04,320
Speaker 5: It every day. Hold on just a minute, Philip, Larry,

582
00:32:04,320 --> 00:32:05,920
Speaker 5: everybody else. I'll get to you in just a moment.

583
00:32:05,960 --> 00:32:07,680
Speaker 5: I find this stuff fascinating. I don't know if anybody

584
00:32:07,720 --> 00:32:08,080
Speaker 5: else does.

585
00:32:08,120 --> 00:32:08,720
Speaker 6: Is fascinating