Real Estate News TV

Ladies and gentlemen, the market is moving, things are happening. And that is our topic. It changes to clear cooperation and the reporting policy as it relates to that here. Seana, she’s got a quick update for you. It’ll be a quick update. So, you know, there’s been discussions on, hey, I see this person and they’re marketing their property, they’re showing the the photos of it and they’re telling the city, but they’re not putting that address on there. And we’ve believed that that was acceptable. Well, it’s not. So the requirement to provide a full address, full address of property when reporting this as a violation has been changed. So now you can report this as a violation. This falls in line with the NA enforcement requirements. They’ve been clear on this the whole time, but I think there was some misunderstandings through networks. So now they coincide together and it is very clear that you can submit a, you know, a complaint so you can submit a complaint. And they do have to research it. And, you know, you can get fined for marketing a property even though it doesn’t have the address. That’s the that’s the thing to know here. So be careful. We’ve had discussions on this in the past and, you know, is what it is. So we want to be careful. Nobody wants to find you know, it can be a $5,000 fine. So that’s pretty, pretty steep. So let’s all be careful with that. That’s it. Thank you, Shana.

The line. It’s a brand new development in Saudi Arabia and it’s part of their urban development plan. And we’re going to kind of discuss it because it’s super interesting and a little bit unique. It is definitely a huge real estate development and it’s modernizing the way that they do things, and maybe this is the way the future. I’m really impressed with some of the things that come out of large, big projects, right? When you have a vision and they go ahead and start to execute on it. Yeah, you know, everything’s not always perfect how it works out, but this one in particular is a really grand plan. So let’s go ahead and share the screen and take a look. So this is the line. It looks like it’s a video game. It does. But this is actually real life. I don’t know. Why that girl flying in real life. Yeah, I don’t know about that. But this is what they’re kind of looking for. I have a picture if we scroll down and think maybe just a little bit more. Right there. All right. So that’s what they’re looking at. So what this is, is a huge line that stretches across the country from one side to the other, trying to get rid of cars. So there’s no cars inside. But it’s a huge structure. And according to the information I have, it’s taller than the Empire State Building. Wow. Oc Yeah, all self contained and it’s a huge line and it’s like 100 and let’s get some stats on this one. How long it is? It’s 170 kilometers long. So it’s like 100 miles, 100 and some or 105 miles long and it goes all the way through the desert and then inside it has the same climate all the time. Okay. It will only be 200 meters wide. Yeah. So it’s narrow and long. It’s all self contained. High speed rail. Yeah. Oh, now you’re getting interested. Well how do they. I’m just curious about their water and. Yeah, no, you can go from one end to the other end. 20 minutes. So everything’s all self contained. You’re within this ecosystem that is the same ideal climate year round. So one of the problems they have there is it’s very warm, right? Yeah. So they’re going to have the ideal climate inside all the time. Yeah, really crazy. It is crazy. Does it seem real? No, but it is. They’re actually starting on it and it just has all these things that they’re trying to build in there. So it’s it’s a vision that’s getting carried out by there, by the crown prince of Saudi Arabia. And what they’re trying to do is get this to be the new way it’s gone. It’s like wanting to live on Mars. It seems like it is like living on Mars. So it’s just a different way of doing things. But they’re trying to reinvent and have a huge urban plan. Is this a plan or is this something they’re like, no going on? No, they’re doing. And they do really ambitious plans. That’s yeah. And they have a couple of other ones that will go over millions. We’ll go over it in the near future, you know, some of the other projects that they have going on. But there are large plans and the idea is to change the carbon footprint, to make life a little bit better, to make properties more dense, but then to have more wide open spaces. So basically everyone lives in a high rise, but then everybody walks, so there’s no commuting. So you can get from one end to the other end in 20 minutes on a high speed rail that goes the whole way. So it’s like perfectly straight. And then imagine that it’s only so wide. So people like live on the side. There’s this middle where it is, but it’s like a whole park through the whole thing. And you live, work, shop, everything right inside. Well, they’ve got to control population and if it’s like. It’s 100 miles long, and taller than the Empire State Building. And so it has nature in it and it’s just within this. So it’s designed to be this like utopia of what’s going on now some of the times that there’s unintended consequences that backlash from stuff like this. Yeah. So they come up with it and they’re like, well, it’s going to be way better for the environment

50 year mortgage five zero 50 year mortgage considered in the UK. Seana I’ve been a big proponent of finding a way to bring down the cost of home ownership and doing it in a logical way. This is one of the things that I talked about a long time ago as interest rates were going up and as home prices are going up. So what do you think the UK said now? Well, it was proposed and then quickly they did say no, but they thought about it. So let’s talk about why it would potentially be a thing. Yeah, it’s too long. But you know, if you think about now 30 year mortgage, it used to be just unfathomable that you would pay off a 30 year mortgage ever. Right. And now you’re seeing people pay off their 30 year mortgages. Well, that’s just because we’re old. I don’t know if you think about that. All right. So let’s let’s talk our way through it. Okay. The traditional 30 year mortgage has 360 equal payments that you’d pay off over time. Now, what is the average time that a person stays in their home right now? I don’t know. Well, it’s really 3 to 5 years. Yeah. And then how often do they refinance it? Very often. So let’s consider this. Imagine that if you have any homeowners that are going to be buying a brand new home or whatever the their next home is, and they buy it now through the next several years. What we expect is that interest rates are going to be higher than they normally would be. And I would bet I would go ahead and say that they would be able to get a better mortgage rate in 2 to 3 years in the future from when they buy it. So what that means is you’re going to be refinancing it. So they’re going to refinance. They’re like scheduling a refinance because at some point within the 30 years. And I would beg to differ or I would say that if you buy it in the next couple of years, interest rates are on this trajectory going up. And then after they go up, they go down. So then when they go down in interest rates are lower, people refinance. So right now, it seems like anyone who’s buying a house is scheduling a refinance of their home in a couple of years. So if you do that, why are you trying to accomplish to pay it off in 30 years? Because all you’re doing is having an arbitrarily higher payment amount that you need to pay to the bank. Right. So if it was a 50 year mortgage, it wouldn’t substantially matter because what you do in the beginning is you pay pretty much all interest. Right? So why not just lower the interest that you’re paying to them? Because you say, I’m going to pay it off in 50 years instead of 30 years knowing that you’re going to be refinancing it in two years. I mean, it just helps a consumer. It really does. How does that help the lender? How does it help the lender? Well, I’m not really concerned about helping the lender, but what it does is it allows more people to get approved, to have a lower monthly payment and cost of home ownership on a monthly basis. No. Because you qualify that you qualify people based on. But then if you do, say, pay it off early, there’s probably going to be no prepayment penalties. There’s nothing like that anymore. So I just think the 50 year mortgage helps bring down the monthly cost of it. And if you really look at it, homes aren’t going anywhere. Right. I don’t know why here in the US we try to pay it off so quickly. Because people don’t like to have debt. But imagine to have debt. Sure. I totally understand that. Right. But a house is supposed to be here for a long period of time, you know? I mean. That’s the other thing are is the quality of the homes such that, you know, I don’t know, definitely 50 years that your home is still. Yeah, your home is an appreciating asset, meaning it goes up in value over time. So it’s a good asset. There’s no reason that we shouldn’t lengthen the amount of time that you can finance it over. If you consider think about this one in general, you have a depreciating asset in a car, so a car is going to go down. What is the real use

Senate Bill 1588. There’s quite a few things contained within this to do with H0A, right? But what we’re going to discuss right now is what this has to do with just the fencing component. We’re going to break it down. So Senate Bill 1588 was passed last year. And it’s it was put forth in a way to regulate highways. It was felt that they had a little bit too much control. And thanks to realtors, they pushed this agenda and it got passed. So Senate Bill 1588 in whole is new laws for Texas homeowners. And he was right. So but right now we’re going to discuss just fencing, right. Because there are several items within it and we’ll hit them over the next couple of days. So, you know, a portion of this is about fencing. We’re going to take fencing out of this and talk about only the fencing. So homeowners anywhere in Texas will be allowed to put up a perimeter fence around their property for added security, front sides and or back of property. The whole thing. So before who was would regulate and say, hey, you can only have your fences. You know, they regulated the size, the height. And the materials. You can’t have it all the way up to distance. Of the home. It can only be, you know, it has to be five feet back. I mean, they had all these specifics regarding fencing, so now they all go away. And the only thing that he was will be able to control is the material of it. So this is for added security. This isn’t for privacy, it’s for security only. So, okay, so let’s talk about that because it appears like now the front of the property, right. So is what’s in question for the most part. So that’s that’s really interesting because it specifically states that he was cannot restrict it. So a new fence or gate around the front of the driveway, front yard is allowed. So can you imagine if around the front yard there’s a fence and say you have a front entry, that you have the gate like we have in the back of our house, we gate off the whole back yard, including our driveway, that if people did that in the front, I think. Well, now it becomes more European because over there they have a lot of these like perimeter walls they do. Around their property. You can’t even really see the homes. You can’t see the home at all really. And they have like a ten foot brick wall around their house. I don’t know that I am all on board for for this. I understand the security part of it, but I don’t know, I guess if they regulate it by material that you can have the iron gate. Right. But I was also thinking about the height. How high can this be? Can it be as tall as your home? So I do think that they’re city and county guidelines, right. If you are in a not in an unincorporated area, but if you are in the city limits, then you have city guidelines. And I think the cities enforce the height. But there were some subdivisions that said you can only do a six foot fence, not. In a not an eight foot. It was like so you can almost see in some. That was a weird thing, right? I don’t think people really liked that into the yard. But this isn’t about privacy. This is only addressing security. So you guys just want to and then as it goes on just a little bit more, it talks about things around the pool. And so do you want. To they’re allowed to install a perimeter fence around their pool, as well as security cameras and motion sensors on the property without prior approval. So you don’t need approval for that. It’s just the perimeter around their their property that you do still have to seek approval from your HOA for the material only though that’s the only that’s the only input they can, they can give or restriction that they can give. So you can’t put security cameras outside of your property, which I don’t know. Maybe I don’t know how you would put how you would be allowed to put a camera outside your property. Well, think about this. What if. Behind our house. We have an alley. Yes. And there’s a little grassy area right there and there’s tree

Are you interested in reducing CO2 emissions? If so, according to the article. More houses is the solution to this? Yep. So that is Shana Acquisto. And she’s a luxury real estate broker. But the idea here, according to worldwide. Rc So worldwide Rc What do they do, Shana? So worldwide. Rc is basically they provide relocation services. They’re a mobility company that has mobility partners that help people with their relocation. So so they’re, you know, and this is international. This is global. So they have definitely information on I mean, they have great information because they are relocating people all over the world. So, yeah. So I’m going to highlight one part of the article here is the average US state has a housing deficit of 79,000 homes. So we are 79,000 homes short. In each in an average state. So that’s a housing deficit. The shortage has become a national issue and there’s a lot of repercussions. That report finds that building 3.8 million additional homes would help with housing affordability. So if we build all right, so if we break that down, there are 300. I don’t know how many million people live in the country. Yeah, 300 and some million people. So they’re saying we need another 3.8 million homes. So that means for all the people we’re one they need 1% more housing compared to how many people there are. Right. If there’s 3 million, 300 million people and we need 3.8 million homes. Right. We have a 1% problem. But when you extrapolate it because not 1%, not people don’t live alone in a home. But it’s a big problem. Right. And it’ll generate a bunch of local revenue because you’ll have more taxation and more stuff. So they say that’ll generate 7 billion in additional local revenue. So that’s a lot more tax dollars because they say we need more homes. So what do these people live now? I don’t know about that, but let’s look at this. And it’ll also reduce CO two emissions by 7.7 billion. The equivalent of 7.7 billion because they’ll be less miles driven because of all the homes getting built out. Okay. So they’re saying if you build them closer, I guess, like we talked about. Well, they’re just saying if you build more, then people will drive less because we’ll be closer to whatever it is. And because there’s not homes in those places, people have to drive further. So I don’t know that I follow all the logic. But apparently if you have more lacking information. So I’m just reporting. Now, we talked about a few days ago about the schools. Right. A school district bought a building and housed teachers to keep them closer to work. So I don’t know. Yeah. The idea here is that when you build more homes that they’ll be all over the place and then people will be driving less, probably marginally less throughout time because everything should be closer. So right now, if you’re, for example, commuting from Dennis into Dallas, if you built more homes, that maybe there’d be more jobs in Denison, so to speak, and then you would have to live further out because you wouldn’t be able to afford it. And I feel the same thing repeats itself and they might be missing a variable. Right? And they need then they need the jobs there. And then it becomes more expensive to live there. Then you move further out because that same person that lives in Denison now can’t afford Denison anymore. Right. And it still becomes a problem. So it doesn’t matter where. You saw that in Bozeman. Where do you stop. Yeah, there’s a big issue. It is interesting how the information is disseminated and. Right. And how you can rationalize something like housing and CO two emissions. And how they come together and how you can support a claim. More homes means more people, which means more cars, which I don’t know if that’s cool. So build more homes, it’ll help us. So it is an article from Worldwide. Rc There’s a bunch more other items that are hit on in this article. Aside from that. But often I just want to compare the hot button i

Quality tips for working with remote clients. Well, so as the world changes, we have clients that we sometimes have met, have never met. And and it’s hard. How do you build that connection, that strong connection that you typically get when you meet in person? You’re having to do it. So let’s go ahead. I ran across an article and it had some good ideas in it and I was like, Let’s look at some of them and see how good these ideas really are and see if we can do that. So I’m going to pull that up and we’re going to take a look here. And they have five ways to build virtual relationships with clients that you’ve never once met. Kind of. Cool. That’s happened many times. Yeah, I’ve never met them. And so things are changing, right? And let’s just zoom through these here and pick these up and see what’s going on here. So them cars scrolling down for us here and to use the client’s given choice of communication method. Yeah, because people are different. So talk about that one specifically because. Well, it’s funny that you think the younger generation likes text, right. But we have young clients right now that in their twenties and they prefer a phone call, they’re like, I really don’t understand this process of buying. There’s a lot of information. Can you just explain it to me over the phone? Can we please talk over the phone, the text? You know, I just don’t like to to read through text and something like this. And I, I like that I’m a big I like to explain things. And I think a lot of things get mixed up in translation via text and email. So you’re talking about the phone. I would like to ask a quick question. Take a quick poll. But you need to ask you need to ask your client what is their preferred method like? What what how do they want to communicate? Very good. So this question has to do with the phone. So when you call a business, just any business, would you prefer to get a phone tree or a live person answering the phone? This is. Why we’re. Is this why we’re. No, you brought it off in this article. Yeah. So would you prefer a phone tree or a live person when you call a regular business? I totally separate question. I’m just stepping aside here and asking, all right. This is a for myself, I guess. It’s a poll. I’m going to put it up. And then we’re going to keep moving on to communicate using their preferred method. Some people like Facebook, some people like to communicate with you through WhatsApp. Some people like to use. Yeah, I don’t think you should communicate about your real estate transaction through Facebook, but hey. Hey, it says to use your preferred method. Okay, so that’s number one. Choose the client’s private messaging. Yeah, they do. But okay, so give your client a chance to get to know you first. And that does make a lot of sense. So what they’re saying is to have a good online presence and to let them know who you are by being out there. Yeah. In realize what type of impression you’re giving off to people. Maybe record a little video. I think if you find yourself having more and more clients that are remote virtual meetings, then maybe put together a little video about yourself and and send that out ahead of time. And the more they hear you, the more they see you, the more they’re going to connect. Yeah. And always keep your agent page up to date at a cost of real estate dot com backslash your first name and on that page you could absolutely send that out but they should get to know you to see pictures of you, videos, past listings, a bio of you, and they can know who you were before. Careful checklists are useful to clients to understand the real estate journey. Some people like checklist being able to like. I love checklists. Mike doesn’t like checklists. So all right. So there’s a different way to do it, right? It depends on the person, but a good checklist. So if you find yourself going through things with clients and there’s certain spots, maybe it’s a good time for you to st

Well, hey there. Paul Foster, I got a question for you. It’s going to be the most often overlooked and costly repair item on a home inspection that buyers often look at. And the question really is like the buyers like ad, don’t worry about that one. The realtor says, I gotcha. That’s okay. Right. And they kind of overlook it because you’re looking at something else and then it comes back and just like bites them in the butt. All right. Let’s talk about that. What do you feel that one is? It could be one of several different things. I’m going to say that the grading and drainage away from the home is probably the most overlooked issue. Grading and drainage. You know, when you did six inches in every ten feet of drainage away from the home. So we got to have a slope, right? New homes will always have a slope. Older homes, all that slope will go away because there’s all kinds of settlement and all that stuff gets washed down. Right. But we want at least six inches from wood siding from the ground. We want at least four inches from brick just to keep any of the past, the water. We don’t want water to wick up inside the walls. You know, we want we poles all the way around the brick. We want drip screen all the way around there. Also, just to keep the elements out, you know, to help preserve, you know, extend the life of the home without any issues. All right. So drainage and grading. Most important and often overlooked, because what that’s going to take is it’s going to take effort. Right. And you’re going have to get out there and you’re have to do something. You’re going to have to somebody’s going to have to, like, sweat, right? And you’re going to have to. But you’re only going to hire a contractor to come out and do that. But we don’t want a flat surface. We don’t want water pulling next to the home, to the home. We just don’t want those things to cause issues with the foundation. Once we alleviate all that stuff, then the home will perform as intended. Mm hmm. Sorry. That’s a super good point. Thank you for covering it. Let’s hit the ball and move on.

Home inspections for investors, investment buyers specifically. This is Paul Foster of Noble Home. Noble Property Inspections. And I’m Mike Acquisto. We’re interviewing him, discussing home inspections from the investment standpoint. So we were just talking that there is an alarming amount. Well, from my words, I guess an alarming amount of home inspections that are done that are for investors specifically. Right. So in your experience, tell me a little bit more about that. Well, I mean, I probably do 2 to 3, not 2 to 3 a day. I do at least 1 to 2 a day, four or five days a week, it seemed I seemed more of those than I do individual homebuyers. So that’s that’s interesting. Right. So what we have is the inspector and you’re saying, hey, the way our business runs and it’s not necessarily reflective of the whole market, but he has one person with his experiences and their business model does have a lot of investors going through it. Right, for sure. So tell us a little bit about some of the things that they want, some of the things they see, you know, the amount of different investors because you see a lot of different investors as well. Right. It’s not like the same one every time. Well, when I get the software or when I get the template, I don’t really know who the who the client is. I just go off of their template and we go through the house. We we follow their guidelines and what they want inspected in their photos and so forth. So we go in there and we look at that. We’ll look at the, you know, the condition of the home. It’s basically a lot just like a regular home inspection. But they want to see other things as well. They want to know the condition of the paint. A lot of cosmetics as in Trek. We don’t really you know, we don’t really prioritize the cosmetics of things because, you know, the paint and general maintenance can take care of a lot of that, but they want to know the structure of the home. We’ve got to get into addicts, of course. We have to look at the foundations, look at the walls. You know, do they have cracks on the outside? You know, they want to know all these conditions of the home so they know about what they’re going to go in there and spend when they go in there, you know, and put there. Now, there was something that you were talking about in particular when we were just talking a few minutes ago about the amount of pictures that some of the people want for each room. So talk about that experience just a little bit. Some of them want just a couple of pictures. Some of them weren’t, you know, anywhere from 12 to 20 pictures per room. All right. So just think about that for one second, 12 pictures or more per room. So explain that experience. It just takes a little bit more time. But you want to give them a good idea what each room looks like. So if you go from each corner, you know, take a picture of the opposite side of the room, you’ll get a good idea of what that room looks like. But they would have you take a picture like standing in the corner facing down. And you’re taking a picture there. Then you move to the next corner, the next corner, the next corner. And you’re taking that many pictures in each room, correct? Wow. All right. So, you know, now we see how investors are evaluating the properties a little bit more and they’re really looking at this report. Right. So sometimes you go through some of these things, you’re like an investor is buying it, like kind of not to worry about anything. And then you realize that there’s actually a gentleman going out to look at the property like pollen inspecting it, and he’s taking 12 pictures per room. So it’s a very different experience and possibly perception and reality of what’s going on. So that’s kind of the process.

Hey there, Paul. Let’s talk about costly repair items and specifically possibly the most costly one. We just talked about foundations, and that can be expensive. But there’s others that are potentially more expensive. You know, in my opinion, I think the roofs are probably the most expensive coming in with the foundation shortly after that and then the heating and air conditioning. All right. So let’s talk specifically about roof repairs. So most of the time, you know, a lot of people would probably fall into the camp of I’ve never been on my roof at my home. Right. And so I would say most homeowners don’t spend a lot of time up there. So they don’t know the exact condition. They probably would know it if it starts leaking. Right. That would be no. I mean, you know, water stains on the ceiling. And number one, cause that unless there’s plumbing running across the, you know, the attic. Yeah. And then right now, a common cause of such problems would be like super extreme heat like we’re experiencing right now. Right? So we have, like 109 degrees that it’s been for a while. That’s not, like, great for the shingles, right? That doesn’t help. That’s an that’s an honest answer. I can’t I mean, honestly, I can’t really answer that one. I’ve got a quick pulse cramping up. So but we’re going to we’re going to battle through. I do have a feeling that the heat that that when it hits the roof, it’s not good for the roof because it just bakes the shingles and dries them out and then makes them a little brittle or You know, you don’t want to walk on it when it’s that hot. You’ve got to be careful what kind of roof you walk on, too. You don’t want to walk on just every roof out there. You want to get up there in the attic and inspect the decking to make sure, no, the decking dropped. And so you don’t fall through when you do walk on the roof. But then the thing that goes along with the roof repair, right, is I don’t know if I put aside my real estate career and just thought, personally, I don’t know if I know anyone that’s ever paid for their own roof to be replaced. It’s a really weird thing because it seems like it’s always runs into a hail situation and then it’s replaced and you have a deductible. But I don’t know anyone that’s like, Oh, I just need to replace my roof like right now all of a sudden, and they’re paying out of pocket for it. It’s a weird thing. I couldn’t imagine it because I mean, that’s that’s a great big expense. I mean, depending on the size of the house, the roof type and what kind of shingles you go with, you’ve got solar on the roof. I mean, the sky’s the limit as far as the roof cost goes. Have you ever inspected a Tesla roof? I have not. You have not. All right. I was just. Just wondering. Yeah. All right. Well, there’s no further questions there. No, I haven’t even I don’t even inspect solar. That’s you know, that’s something that I require them to have somebody else come at that certified to do that. I don’t want to give them misinformation on it. All right. I’m not educated enough on that yet, so. Well, let’s hit the hit the bell and we’ll move on.

Did. You know there’s all different types of home inspection software and we have a home inspector with us. Paul is here to discuss the different types of home inspection software and the templates that reside in it. As a real estate broker, I just thought Home Inspector. And then I thought about track the track, home inspection, right? And I never thought anything more about it, but there is more to it. So, Paul, why don’t you tell us just a little bit? Well, as a Trek inspector, we had to follow guidelines that are set out by Trek, you know, and as for the individual home buyer that we had to follow those guidelines for and we have a sop that we need to follow. Sop, give me what that would be perfect standard operating procedure. The when it comes to an investor or a company that purchase homes, you know, we can follow their guideline because that’s what they want to go off of. So that would be the differences between the two. All right. So now you have this piece of software on the on your device and the company that runs that puts in a bunch of different templates that you could kind of follow. Right. Right. Okay. So tell me, like what some of the templates would be and what some of the processes would be? Well, some of the templates are, you know, they want pictures of the house in front. From the front. They want to see the neighbor’s house. They want to see what the neighborhood looks like. They want to know, is it a nice neighborhood or a rundown neighborhood? You know what? They want to know the area they’re buying in. And then from there, they want to know the condition of the house. They want to know the landscaping. They want to see the, you know, the perimeter of the home. So we we go around and take pictures of all that, document everything, and go inside the home and do all that as well. And then you like touch a lot of things, right? Turn a lot of knobs. And turn on every light. Turn open and close every door, every door, every cabinet, turn on all the faucets, check all that stuff, make sure all the hearts on the left side, codes on the right. So you do a bunch of different things and everyone do. They prioritize different things in their template. Do you see like, Oh, this person really cares about this? Or This investor really is worried about this? Not so much. They’re they’re mostly pretty much pretty close to, you know, very similar very similar to one another. I haven’t noticed anything that’s just really outrageous. We had to go in there and do cubicles, which is a floor plan where video of the whole home, you know, walk in video that each room, it seems to be something that’s pretty, pretty hot, you know. So we do that as well. Okay. Well, now everyone knows there’s different software and there’s different templates and each investor kind of has their way of doing it right. And then they follow the template, take all the pictures to all those things and off they go.

The top seven real estate markets for stability next calendar year. We’re going to take a look at that and see where these markets are calendar year. For 2023, right. Because what we’ve had is we’ve had growth, we’ve had things go on, we have inflation going on now. We have all these different concerns and sometimes you’re just like, can it be stable for just a minute? Yeah, right. And what people are nervous about is prices going down, price is going up. They just want to know what’s going on. Right. Right. And so we have the top seven markets. And I looked through this list and what I saw is this is kind of stayed true for a long time. For years and years. All right. Well, let’s take a look at some of these on the list. There were a few that I you know, that may be new players to the game. So we’re going to skip right down and we’re going to get to code is number ten. South Dakota. Not North Dakota. Not South Dakota. Now, they had an appreciation rate of 20%. That’s a very, very high appreciation rate. 20% it is. And they have new houses. They have underwater mortgages of roughly 5%. So those are people I’m not sure how, but they’re upside down in their mortgage currently would be really difficult to do when prices are going up 20% to have 5% of them underwater. Don’t really know exactly how that would be. It’s possibly bad data. I mean, even if you bought the housing, it would be up in value immediately. Right. So how you. Anyways, let’s move on. Nine number nine, South Carolina, I’ve been hearing more people purchasing there. They’re up 21%. Yeah. All right. There’s a lot of there’s new construction, it says. But Arizona so Arizona has always been one of those states that, you know, they’ve seen a lot of appreciation, but it’s also remained stable. Our 7% appreciation. In that’s a lot 27. And then imagine that. Look at their their mortgage their I guess they call them underwater mortgages 1.4 and that’s pretty low. Well, yeah, if you’re going up 27%, it’d be extremely difficult to be behind on it. Number seven, Vermont, Vermont, new residents. What did it say? People are moving there to escape from the big cities. Got it. Tennessee, we’ve heard all about Tennessee. The Nashville area is booming. Second strongest overall economy in the nation. Wow. 24%. They’re crazy. Those are big numbers on what these properties are up in value, right? They’re on average, they’ve all been over 20%. Right. Idaho, we know that. Gosh, there’s not even anywhere for four people to build their. 27%. Wow. Foreclosure rate, one in 6000 homes, underwater mortgages, 1.6. And the best state of all, Texas, that’s awesome. So 19%. So I think it has the lowest appreciation rate on the whole list.Which I have no problem with that. Okay. So think about that for just a second. If you think prices are crazy here, right, and you have to look on a relative index of what it is compared to others, I think everywhere else has been higher on the list so far. Yeah, this has been by far the lowest. So if you’re worried about a price reset to the negative side, you’re going to have the smallest amount of that here compared to other places because it’s only went up so much. Yeah, I’ll take 19%. It’s a great appreciation rate, right? I have no problem with that. Always remains been stable and I think we’ll remain stable. Yeah. Florida. Florida is number three, 25%. Pretty high. Yeah, it totally is. All right. Let’s get to Washington. Washington, 20%. It’s crazy. Economy number. Three Utah. Do you guys know who Shaun Bradley is? 27%. Shaun Bradley lives moved to Utah. Oh, yeah, Utah. Yeah. He was a client of one of my realtor friends. Yeah. And starts per 1000 is 12.2. Our 12.2. So they have a lot of new homes being built there in Utah. If we could scroll back up and let’s see where Texas is on new housing starts, because that’s an important thing. Our population continues to grow. And Texas, we’re at 8.9% or 8

Hey there, McKinney. You guys need some more roads, and I think we’re going to get them that Shana Acquisto and she’s super excited about new roads, aren’t you? I am so excited. And I always love a great infrastructure project. So let’s go ahead and talk about it. We have an article to share. And we’ll get to it. So tell me, Shana. So, you know, McKinney is growing and I think that they’re really putting in a lot of effort and thought into making it better than maybe other cities like they’re trying to doing all of this to attract businesses and show them that, hey, it’s easy to get from A to B and they’re really investing in that. So I think they might have been a little behind the curve. I think they were they were behind the curve for a change for many reasons. They have a lot of land in their property or within the city. And that makes it that makes it a little difficult. And on a sidebar note, I want you guys, if you see right here, if you stop for a second on the car, there’s a link to the city council meeting that happened in June. I encourage you guys, wherever you live, whatever city that you live in, is to check the agendas every month when they have a city council meeting and see what’s on. There could be things that directly affect where you live, maybe some things being developed behind your neighborhood, or you see some type of change or topic of interest. And that way you keep up, you know, you keep up with what’s happening in your community, but you can always find it there. That’s where it starts. Everything has to go through the approval of the city council. So I think it’s really good to at the very least just glance through the agendas each time. Yeah. So McKinney has partnered with some of their different local places and they plan on contributing up to 150, 150 to $300 million for new roads. And it doesn’t say the exact time frame for that, but they’re trying and they’re making a commitment to roads. And I think that’s important. Right. Because as you put those through streets in. Yeah, then you’re going to do better off. And the upkeep I mean, the upkeep of these roads, too, I was driving, I don’t know when it was, but I was driving out in I think it was Irving like out in that area and it was like, man, the roads are so bad, potholes. And I don’t know, I think it makes a difference. Oh, no, it definitely does. So Omaha did show me the time frame. It looks like it’s a what is it, a 15 year time frame to put this money to work. And it looks like 150 to $300 million. So we’re looking at $10 Million a year ish. That’s going to go towards new roads. And that’s great. You know, anytime you can get those totally all for it. So interesting to see where and it’ll definitely help growth for sure. Definitely. And attract businesses. It does. There you go.

8 worst states for infrastructure

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999 type it in your phone and if you hit enter, what would happen? Don’t do it right this second, but do you know what would happen? Well, if you are broke down on the side of the road on any one of the toll roads in town on a Dallas North Tollway, then you hit pound nine, nine, nine, and they will come and get your butt out of that sticky situation to keep traffic moving. Now, they’re not going to like totally fix the problem, but they’re going to help you and get you off the road and get you into a parking lot and make sure that you’re safe. And then you can make an informed decision on what to do because there’s a couple of seconds when your car has a problem, when you’re on the side of the road and you’ve got to say, Hey, what do I do now? Well, now you know exactly what to do. Nine, nine, nine. From your phone hit enter and you should be good. They will come really quickly and the guy be like, Wow, no one ever calls this number. And then for free, they’ll take care of your situation. Now, the reason I bring this up is because the other day I was driving back from Destin and I was like, holy cow, there’s a ton of cars on the side of the road. And I didn’t realize why. I was like, Man, that’s a lot of cars. I just been seeing so many cars. And then I remember that the heat, it’s super hot right now and the heat is a problem. So let’s go ahead and share the screen and show what’s going on here. So that’s the exact thing. You may recognize this little sign or poster or advertisement that they have. You probably seen it a couple of different places and not paid any attention to it. But now that we bring awareness to it, maybe it does help you out at some point in the future. But the reason that we have all the issues there is because it’s so hot that you have battery problems and then you know, we start to run and stuff like that. So the extreme heat and the extreme cold do have problems for batteries. Well, imagine if your whole car only ran on batteries. Hmm. I don’t know. Kind of weird. So is there a potential issue for cars that run only on batteries in extreme heat or extreme cold? And does that present a problem? I don’t know if you went out and made an investment in a battery powered car. We’ll find out in several years how that all works out. You may want to leave it inside the garage. I’m sure there’s something to that as opposed to leaving it outside. And if you drove it to work every single day and left it outside and put it in a charger because you got free charging, but then actually the heat of the summer drained your batteries or warm out faster. Does that even make sense? I don’t know. Those are all different things that I’m just reporting to you. That’s all I got.

DIY mosquito repair. Are you into that? Well, it’s not mosquito repair. Mosquito treatment. So we can treat and prevent mosquitoes at your property. So DIY or do it yourself. And mosquitoes. We’d prefer to have none, right? We’re now in the hotter part of the summer. It’s nice to get out when it cools down a bit in the late afternoon or early evening and all of a sudden we have mosquitoes out and about all over the place and it becomes a problem. There’s a few ways to handle this, and we’re going to look at some in which you can do it yourself. Let’s share the screen here on the car and see what we got. I’m going to take control here and show you. We’ll show you some different backpack sprayers and figures that they present to you if you want to take care of this at your own property. So there are several different versions of this. They vary in price and they go up and down based on quality and what they necessarily do. But if you’re looking in general for your home, you would probably go with some type of fogger along this line. And at $490, you’re going to get yourself a fogger that can handle the stuff right up in the top and you can use this and spray and hopefully help take care of the mosquitoes around the place on your own. So this would be hiring somebody to this service. You just simply pour the concentrate in here, add the water and go around and spray. Maybe you wouldn’t inhale the stuff yourself and you’d fog it and it comes out not as a spray. So this one comes out as a spray. If you’re using this backpack sprayer in this type of thing, you pump it on the side and you’d spray it specifically onto something. But if you get the fogger that’s going to release it. Like, I just like that it’s not a third time, I’m only doing it twice. And if you use that, you’re going to cover a bigger area and you’d keep them out and it would stick to more things and it would be, you know, dissipated in such a way. So there are different price ones that go up and those ones would handle granular. So like some type of powders or other things like that you’re trying to spray in addition to the to the items that are liquid based. So there’s different applications for it. Now, these also have crossover applications. So you’re thinking mosquitoes are not my biggest problem, but they are annoying and I can pay somebody, I don’t know, 75 or $100 to come over and spray for mosquitoes for me. And it’ll solve my problem for a month or something like that. If you want a permanent solution and you are interested in getting involved yourself and this is something that you could look at to control it on your own as you desire. You might also be able to take care of other things like fertilization and stuff along those lines yourself as well. If you are looking for a place that you would be able to take care of this yourself and where you could buy this stuff, then you could go to DIY mosquito, DIY pest control, and they have a website there. They have some offices around town. They have one I know McKinney in 380 and 75, and then there’s one down in Plano. I think they have three locations. They’ll come out and do it for you, or you can go there and buy the buy the concentrate and dilute it and then go ahead and apply it yourself. They’re very knowledgeable and super helpful and I would highly recommend them. If you want to go out there and test it out yourself and see how those types of things go. But you could take care of your fertilization, you could take care of your tree insecticides and, you know, give them all type of fertilizers. And then, of course, you could take care of your mosquitoes as well. So maybe this helped you out. And here’s a slightly different way to do it. These were also used as backpack sprayers for when the virus was around to sanitize and clean things up. So if you have concerns with anything about that and it could be used for additional applications as well. Ladies and gentlemen, that concludes us with that t

Institutional investor in its own. How many homes? Well, that’s a good question. And we’re going to discuss it right now to figure out exactly what that number is and who is nervous about it. Exactly. And why are they nervous? So let’s talk about this. We live in a free market society and we’re all about capitalism. And there’s ways to make money and there’s good investments and bad investments. And all of a sudden, we have institutional investors that are investing in residential real estate, which previously, for the most part, had been where individuals would buy their own homes. And now we have this whole group of people that are buying homes in bulk because they feel they’re good investments. Well, I guess that should make you very happy, because if large, wealthy, well thought out investments are going into the same thing, that is our industry, then it’s surely a good long term investment, right? So that’s going on now. So flatter yourself because that is happening and let’s take a look at how many of their they actually have. So Inman is reporting to us that Congress targets investors and asks, where of all the homes gone at 280,000 is a number that are single family homes that are owned to be rented. So I believe this is the number of total homes in the city of Chicago. So if we were to think about it, there’s a lot of states in the union, there’s a lot of cities within each state. And in particular, Chicago is a large city and there are 280,000 homes, all owned by institutional investors. So is it a huge amount? I don’t really think it’s a big amount compared to the all of the homes in the country. And people are looking for legislation to limit the amount of these that goes on. So why is it a problem? Well, because when you have a a market in which normally it’s one person owns one home. Right. And now all of a sudden you have somebody that owns a bunch of them, then they could manipulate the market possibly. But I don’t know that they can become market makers and do certain things without, you know, without it really actually making financial sense. It is possible if they have a ton of homes in concentrated areas, that would be an issue. So overall, I don’t have a problem with the total number across the whole country. Right. I think it’s almost irrelevant. But if they are highly concentrated in precise areas and they own, you know, 5% of the homes in a particular subdivision or 20% in a whole city or something like that, like just like an absurd amount. Then they could start to control what’s going on there. But I don’t think that this number approaches anyone of those. But we do have to watch out for it looking forward, because that could become an issue if more of this becomes proliferated. And all of a sudden, if this number goes up by ten times or 100 times the number, then we could be looking at a situation where we have some type of imbalance within what’s going on. So, you know, that’s that a lot of homes owned and now we know exactly how many. We do have a link directly to the article and we can kind of talk through how big of an issue it is. I personally I’m thinking it’s not a huge issue unless the concentration, like I said. So that’s about that. I think we have bigger fish to fry than that one specifically. And I think we kind of understand that real estate is a good investment. So there you go. I’ve covered.

1% interest rate hike. Is that going to happen here in July? I’m not sure, but I think it probably should. Let’s talk about what’s going on here with the economy. Let’s talk about inflation roaring out of control. It’s just like crazy on fire. And we have to raise interest rates so you can rein it back in a little bit. Right. So let’s kind of talk about some of the big picture things that are going on. And if we just look at like the whole world economy and the things that are currently going on. So we have inflation, inflation’s high and it continues to be high. And they’ve tried to reduce it by doing all these different measures like raising interest rates. And they raised it more than expected in kind of like a lot. And did it change anything? I don’t know. Inflation seemed to be out of control again when they reported the the most recent number. I think there’s a lot of people that are kind of scared about this. So why is that important? Well, it’s important because if you have inflationary times, then what you have are your current money is essentially worth less if you do nothing. Right. So let’s assume that you have $1,000,000 just like sitting here. And that’s just like a round simple number. But you’ve got $1,000,000 sitting here on this plate. If you do nothing with it and you wait one year and money now is worth 10% less. If inflation runs at 10%. So now you have that same million dollars, but it only has the borrowing power or the buying power of 10% less than it had last year. But mathematically, because inflation goes up, it’s actually a little bit less. You might have 89%. So now you have that, but you don’t go from 10% inflation to zero. Right. Or back to some type of normal number, like 2% that they really want. You’re going to go like a number like ten, eight, five, three. Maybe you will get there. Well, add all those numbers up, but add them on top of each other and see what that number is. And suddenly you look at it like, holy cow, no matter what they do, it’s going to be 30% inflation total over the next X amount of years. Right. When you add in compound an increase on things and then realize we’ve already had some. So now you look at it, you’re like, wow. So the reason that that’s an issue is because it forces people to be active. You have to do something with your money. You can’t sit there and hold on to it. It’s like this analogy all the time that I talked about is if you love the beach and you go to the beach and you pick up a handful of sand and you’re like, I love this. I’m going to squeeze it. I’m going to hold it. I’m going to do nothing. But like, I want this memory and you squeeze onto it, and then suddenly you look up and it’s all gone. That’s the same type of thing with money, if you just hold it is during these inflationary times. If you do nothing, nothing at all, then what happens is you have less. So people are forced to do things. So to get this under control, what they’re trying to do is slow down the economy. And to do that, they’re raising interest rates. Well, they’re raising interest rates relatively quickly because they realize they can’t get this under control. So we have a couple of large things going on. Some of the larger things is the dollar is now strong. So the dollar compared to other currencies, it just keeps gaining on them. So we’re now back to near parity with the euro. So check that out and take a look. But like $1 equals pretty much €1 now. Right. So they’re like they’re equivalent. Well, for a long time, I think it’s been 20 years since they were at parity. And it looks like the euro is going down even more. I might say it goes down to like 9.92 and goes the other way. And it’s because here in the US we have a strong economy. We’re doing the things that we need to do to get inflation under control. We can talk about did we do it quick enough and are they doing enough to do it? I don’t know. But I’m just saying that we do have inflation and we’re tightenin

Electric vehicles. Does this change real estate? Is it similar to the railroads when they went through the country? We’re putting together this new charging system. Right. And GM just announced this, that they’re putting a network of chargers all across the country. We’re going to talk about how many and how it could change things. Does it change it similar to how, you know, we had the the virus and that changed everything on where people wanted to live. But if all of a sudden there’s charging stations for different things in different places similar to how the railroads were. Does this change it? So let’s go ahead and take a look at this article that was recently published as we look into it. This is like a large infrastructure thing, not this one per se, but the whole overall thing. So let’s talk about this. General Motors will plans to build a network of EV fast chargers at pilot travel centers along US highways. In total, they will charge there will be about 2000 in total and they’ll open up and they’ll be a pilot and flying j locations and they’re going to be at 500 locations nationwide. Okay. So is this news? Is it big news? Let’s kind of talk about this. So what this means is 500 pilot and flying. Js So think about pilot and flying. Js And where you would normally see them. So you got that in your mind and then think about 500 and then realize that there’s 50 states in the union. So it’s ten charging stations per state. Then think about that and then name the top cities in your state. Now realize how many that is. And then think about you just named how many cities, and I said there was ten per state and then add it up and then go divide the numbers. And how many charging stations is that per city? And then realize you only said like four cities at the most and then realize, whoa, that’s not really many. Then think about how many gas stations you pass every single day. Think about that number and then think about how many pumps are at each one. So now you got that number in your head. Then take those two numbers and multiply them out and think about how many pumps that is. So like every single day you’ll see a gas station on one side of the street and one on the other side. And then they’ll be like, what? Every couple of miles will be gas stations all over the place. And they’ll all have, what, eight pumps? Ten pumps, 1216 pumps. It’s just crazy. And then think about how long it takes to charge an EV vehicle versus how long it takes to charge to fill up your gas tank and then realize you probably need like three times the amount of chargers as you need gas pumps to do the same equivalent thing because they charge slower than gas pumps and then realize like, huh, that’s weird. Okay. Well, anyways, so that gets us back. So is that huge news? Maybe not. Is it a start? Yes, that that would be great, right? It’s a good start. But what I was looking at is, does it change real estate? So if we kind of talk about that for just a moment and you think about I don’t know why I like large infrastructure projects. We think through history and we think about things like when our highway system was built and we put a ton of money out there and we’re like, Let’s build this national highway system to connect everybody together. And that was super impressive, right? And I like those big infrastructure projects. Then we had things like, let’s build a railroad all the way across our country. Let’s put in a huge oil pipeline. Let’s do you know, before we had a canal system that we used to have and in New York, because that was important. So there was all these interconnected things and now we’re building this totally new infrastructure project. Now, this is like one tiny piece of it, but we’re going to need to have a lot more. And how does it change it? I like to think back about how the railroads really did change what was going on across the country. And they made cities and it was super important if you got a railroad in your ci

Hey, Texas, your power grid. It’s like all on its own. And did it crash? No. But according to this, that is really cool information. I hope you guys don’t get so mesmerized by it that you are not productive in your day. But own car is going to pull over here. There is a ERCOT graph that you can watch how the supply and demand is working of our power. So I’m going to go ahead and take control of this for just a second and show what we’re looking at here. So what this shows over here is the capacity. There’s committed capacity, and then there’s Quickstart capacity and demand. And yesterday there was a time here in the afternoon where it got really crazy. So I’m going to see if I can go back to yesterday and get to where that was. There’s like a previous day. At 3:00 in the afternoon. It was very close. Yeah. Power was going to just. It was insane. Maybe I need to go back. I was on it yesterday. So we’re trying to rush and get all of our work done just in case. I know. But this, anyway, shows what’s going on. Yeah. And yesterday it got really it was inverted where the lines were on the wrong side. It’s like. Wow, we got up to a point where we were expected to have 82 watt for our demand and we couldn’t get up that high with the capacity. And luckily everything worked out because people conserved. We’re supposed to get our really close temperature up and maybe that saved it. So this link will be in the description. You can take a look at it and see what’s going on here and it tells you if you should conserve and when you should or when you should not and what’s going on there. But this is a real problem for us. It is. So if we really talk about this and we go back and we just say, why is this important from a real estate perspective? Yeah, right. So you’re going to get a lot of questions about what in the world is Texas doing with their power grid? Why is this a problem? How are we letting it be a problem? How did this happen in the summer after it almost happened in the winter? How dangerous is it if it happens in the summer? So in the winter things freeze like the pipes, but people most likely work out right and it ends up being kind of okay in the winter, as odd as that is. But in the summer, you can’t get out of the heat. Well, it just keeps going. You do have other methods. It’s really to stay a little warmer. You can put a blanket on. But in the summer, if you don’t have power, you can’t even turn on a fan. So I’m not sure which one is more deadly. Right. If your power went out for as long in the summer as it did in the winter, it would be very dangerous for people. It is when it’s as hot as it is. So it’s a problem and you’re going to be asked by people. And I think the demand for things like which, you know, does the power go out in this property when there’s a problem? Is it on a hospital grid or extra protections or do you have something like a backup generator? And I think those things are going to become increasingly more important. Yeah, I agree. There’s a lot of people still moving to Texas. And if they don’t make a change, I don’t I mean, it’s just putting a lot more stress on the grid. So at some point we’re going to have a problem if they don’t fix it. Yeah. So there needs to be a real solution to this problem and hopefully we get there. But from a real estate perspective, the grid is definitely a concern and the basics behind it is in Texas we do have our own power grid. We’re not connected to the rest of the country because we always believe that we’re like independent and free, like can’t rain us in and we’re. Yeah, it might need to let go of a couple of things. Well, or just make our power grid better, just like totally operating. I mean, look, we’ve known about the amount of people moving to Texas and the, you know, the strain on the grid for years. I mean, imagine all this money that we should have coming in. In theory, because oil prices are high. Is there anything better to spend it on, as