LIFE WITH MIKEY

Many buyers are waiting for mortgage rates to drop. In this episode, Mikey Taylor and Michael Michalov explain why that wait could last a lot longer than you think.They break down where rates stand right now, why the 10-year Treasury, not the Fed, is what can determine mortgage rates along with other market conditions, and how the national debt is high borrowing costs. Then they get into the housing market itself: a standoff where sellers locked into low rates are less inclined to sell, and buyers priced out by today's payments hold off to buy.If you're renting, saving for your first home, or trying to make sense of this market, this conversation gives you a picture.In this episode:Where mortgage rates stand right now and why they're not movingThe 10-year TreasuryHow $40 trillion in national debt affecting mortgage paymentsThe rent vs. own math that's keeping buyers on the sidelinesWhat to consider if you're waiting to buy your first home

Eight California counties just lost control of their own zoning and residents may have no idea it happened.In this episode, Mikey Taylor and Michael Michalov break down SB 79, one of the most aggressive transit-oriented housing laws in California’s recent history. The two unpack how the state took zoning power away from local cities, what it means for the housing shortage, and how some real estate investors are responding.In this episode:What SB 79 does and the counties it affectsHow the Builder's Remedy forced cities into a choiceWhy Orange County's legal fight against the state failedThe zero-parking problemInstitutional money vs. mom-and-pop investors: who can actually build under this lawDoes more vertical housing turn California into a renter state?This content is for informational purposes only, is not offered as investment advice and should not be deemed as investment advice, and reflects the opinions and projections of COMMUNE as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. COMMUNE does not represent or warrant that the information presented in this message is accurate, current, or complete or that the estimates, opinions, projections or assumptions made in the message will prove to be accurate or realized.Certain statements reflect projections or expectations of future financial or economic performance of the project.  Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct.  Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or the project’s actual performance. Past performance is not an indication of future results.This content does not constitute an offer to invest and such offer will only be made by means of an offering document that should be carefully reviewed before determining whether to invest. As with any investment there is a risk of loss, including up to the amount of investment.Neither this message nor its contents should be construed as legal, tax, investment, or other advice.  Individuals are urged to consult with their own tax, legal, and investment advisers before making any investment decision

$875 billion in commercial real estate debt comes due this year.In this episode, Mikey Taylor and Michael Michalov break down the "maturity wall": why loans made during the low-rate years of 2021–2022 are now coming due into a completely different market, why even some stabilized properties are being handed back to banks, and the four moves operators can consider when their loan matures. They also share why moments of fear in the market have historically been when some  long-term investors pay the closest attention.In this episode: • What is the $875 billion maturity wall and its breaking point? • How a stabilized property can end up worth less than half • Why CMBS delinquencies just hit a nine-year high • The four options an operator can evaluate when a loan comes due • Why "waiting for the bottom" usually means missing it • How regulators are handling distressed loans differently than 2008This content is for informational purposes only, is not offered as investment advice and should not be deemed as investment advice, and reflects the opinions and projections of COMMUNE as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. COMMUNE does not represent or warrant that the information presented in this message is accurate, current, or complete or that the estimates, opinions, projections or assumptions made in the message will prove to be accurate or realized.Certain statements reflect projections or expectations of future financial or economic performance of the project.  Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct.  Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or the project’s actual performance. Past performance is not an indication of future results.This content does not constitute an offer to invest and such offer will only be made by means of an offering document that should be carefully reviewed before determining whether to invest. As with any investment there is a risk of loss, including up to the amount of investment.Neither this message nor its contents should be construed as legal, tax, investment, or other advice.  Individuals are urged to consult with their own tax, legal, and investment advisers before making any investment decision

There is $19 trillion sitting in American retirement accounts and approximately 1 in 5 of those accounts isn't invested in anything. The money is in cash, and those people may not know.In this episode, Mikey Taylor and Michael Michalov break down what some don’t realize they do with their 401(k)s and IRAs. From the 100% matching  employees may be leaving on the table, to the Roth conversion strategy Mikey used the year he started his company, this is the retirement conversation you may not have had before.In this episode:• The $19 trillion problem• The Vanguard study: most people sitting in cash don't know they are• Max the match: the closest thing to “free money” people ever get?• Roth vs. traditional — where do you want to be taxed?• The Roth conversion move (income limits don't apply to conversions)• IRA diversification beyond the stock market — real estate and private marketsThis podcast is for education only and is not financial, tax, or legal advice. Talk to your own advisor before making any moves.

Here's the part you may not know: if you never write down what happens when you die, the government already wrote it down for you.In this episode, Mikey and Michael break down estate planning without the legal jargon, what a trust actually does, why a will is only part of it, and the one mistake that can make the whole thing worthless. If you have kids, this is not about money. It's about who raises them, who speaks for you, and who gets to make the hardest decisions of your life if you can't.This isn't just a wealthy-person conversation. In a typical year, more than 99% of Americans will never owe a dollar of federal estate tax. That's not the point. The point is control — over your kids, your health, and your family's peace.In this episode:•  The 4 questions your estate plan answers (and what can happen when you don't answer them)•  Why some people set up a trust and never actually fund it•  Who raises your kids if you're gone — and why the court's answer may not be yours•  The difference between a trust, a will, a power of attorney, and a health care directive•  The conversation with your spouse that nobody wants to have•  How often to revisit your plan (and the client who hadn't touched theirs in 20 years)