KJCE 1370AM>Audio on Demand>>Del Walmsley, 03/03

Del Walmsley, 03/03

Mar 6, 2017|

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Automatically Generated Transcript (may not be 100% accurate)

Welcome to go until one sleeve radio show. Don't tell. Who questions everything I had to empowers you to return to your call. Make your life. Here there true that you remember the lifestyle you. The next hour will change your life. And now you're oh. National award winning investor group. CEO and founder of lifestyles on. Welcome to don't want to radio show where the hype Benz and help begins tiger hosts still wobbly and is always. We're working on your financial freedom all my friends have you ever heard the term the Black Swan event in life. The Black Swan event today as I hadn't come to understand it means he is. The idea that although world markets and cycles occur in life. That life is just a series of ups and downs in a series of cycles. They're Black Swan again is something that happens. It totally disrupt the cycle completely. It's something you couldn't plan for even if you had charting. The highest level computers in the world you charted the investment world the one way or another to predict cycles. That you are charting software. For your computer. Even if it's the largest computer in the world. Could not account for a Black Swan event something that would completely change. Everything as we know it in a particular feel older or a particular investment. Both the finish small market for a large market situation and today I'm gonna talk about what I believe to be a Black Swan event. The discussion today it is going to be. In depth but I'm gonna start. With the story. And I'm in a work. Towards important to get wanna hang on here you're not gonna wanna miss this because they're for the show's over today. I may change your entire theory of how you're gonna invest in the next ten years. That's how important this Black Swan event. Could be its start this story back in 2007. When the market had driven. The prices of real state to the highest peak that they had ever been in. Where people were speculating unrealistic. Were brand new homes were being sold at auction they weren't even being purchased. That offered price is there were literally being built up before they re doing constructed. This frenzy this insanity. Who is driven by. A marketplace. That was controlled and manipulated. By the United States government. Stand by the big bankers on Wall Street. What was happening. Visit to people came together and decided to change the world. The first guy who's name was Barney Frank. Barney Frank decided that. The concept of redlining neighborhoods and other words not lending. To poor people it was a bad idea. Did not lending to people that couldn't afford their bills. Was a bad idea to let me give Britain not lending to people who didn't have Dell. Was a bad idea. To not lending to people and had bad credit was a bad idea no Barney Frank felt that every purple martian on this surface. Should have the right to borrow as much money as they want to. So they went together and he got with a another guy by the name of George Bush. George Bush believe that he needed to increase the economy. The number one way to increase the economy. Can't be any. Economic situation. Is to increase Celtic. We knew increase housing and construction. Do you create more jobs than any other industry United States because we're not building new thing in the United States anymore. And so they started creating all these shops and he wanted more jobs. It increases the amount and consumption of supplies. It takes more materials to build a house of varied. Types. Shapes its fair and stayed. Could lead to more sales. Of more items so now you have increased payroll. You have increased our materials costs. And now with all that extra income coming here and now you have secondary job creation because now all those people who have jobs won't spend that money. And they wanna go to go ought to buy things cars and automobiles and. 600 center. And then the people who buy the houses one to fill those houses with new furniture there were patrol furniture in there they want new furniture in new drapes in new carpets. It's Cedric Cedric Cedric. And this it's cool it's a ten old stimulation to every dollar spent. On building a new home. Because this. George Bush wanted to see housing rise and so together they created it what. Became the great American myth. What is the great American myth. The great American myth is that every single American actually wants to own a hole and they literally started advertising. And politicking. To get across the idea that your nothing unless you own your own home. Picture wasting money on rent to each and every day that you just throw it away if you're not buying your own home. Now this was critic all kinds of home ownership demand. People now we're feeling disenfranchised. If they didn't know the home. The next thing that happened was. Did build out of Robert L jump a cone Tommy who the mileage rather grand Carlin sheets and every other real state do out there was crisscrossing the country. We can midnight madness commercials. And one day to day seminars. Changing people this secret panacea to wealth. Was buying real state. And so we created entire frenzied. Fraud to the viewers to get out of the stock market didn't get into real estate investing. But what happened was before that and during that did after that the US government got involved. Barney Frank and George Bush. Pass laws. That stated that mortgage companies had to lend it to anybody and everybody. They had to loosen up their lending standards. Then had to create bad paper and that's great mortgages it would never get paid off George Bush called this initiative. No. Lower left behind. Are no homes left behind I think it was. No home left behind there was little hold out there are no matter what you prices that hit some poor schmuck wouldn't overpay for. Why is he willing to overpay for because he's gonna get it for nothing down. She's not even have to prove this didn't come. These were called no doc loans. And later became known as liars loans. Because you go in and try to apply for one of these loans and what would they say they always say commuter well enough didn't come Q do you have any other income you're not telling us about. And then the people get a wink. And a shake of the head and the guy go oh yeah I've got done I had this other income here and they go back and change their incomes. Or they just walk out of that mortgage company go to another mortgage company and lie about their income. Many many mortgage companies. Started telling people they can give them loans no matter what. Mortgage companies and got into cahoots with the builders. And realtors guided to cahoots with all the time. So what would happen is builders. Would sell there houses. Had a very very high price. They're real estate agents would sell it to people that didn't qualify and taken to special mortgage companies that didn't care that they didn't qualify. There would give him a liar loans no down clones now we know all this everybody knows this is don't I'm not telling you anything that you don't already know. But what I'm telling you is that what came of that. Is one of the most interesting blacks one that I've ever seen in my life because I'm living through it and I'm seeing it. That I would explain you knew Dave before you get out your report that says done to our economy what this is done to our real estate market. And how you can benefit from it if you just understand where you're at. Because remember. When you have a Black Swan event. When something like this occurs. All pass reference. As to what would be normal and natural. Goes out the window. You see cycles. Have normal. Restrictions upon them the ups have restrictions and eventually stop the up. And the Dell has restrictions that eventually stopped the Darryl. And if it was a pure in open marketplace. You could count on cycles to keep us going in the right direction. In a safe zone forever. But my friends when the government gets in and sharing meanders the world. Then. Cycles are not pure. And that's exactly what's happened are real estate cycle has been so gerrymandered and so manipulated. But not in the way you think it but in another way that right now. It is going to for ever or at least for the near future five years or so change what is happening in the real estate investment world. You do not wanna miss this you're gonna wanna come back after this break. If you wanna call live you can call it. But otherwise. Don't miss this we'll be right back with. Don't want to bring you should. You're listening to Joseph wants leading radio. Dell we'll be right. Our life changing principles are just a few minutes. Lifestyle some limited is the real estate investor education and mentoring group that is taking people by the hand and taught them how to invest in real estate for over 24 years our students have been so successful at creating wealth and passing found that they won local state and national investor in the year awards nine of the last nine years it's easy to see my personal real estate investor magazine named as the best in the US if you're ready to add real estate to your portfolio go to lifestyles unlimited Austin dot com to access our free live training events scheduled. Wondering who the free workshop is for we did amazingly successful with people who are pressed for time. Doctors lawyers small business owners and corporate professionals. Who are grinding their lives away for deferred income and don't realize they can start creating passive income today. Within that confines of their schedules and commitments. Want to get started now go to my passive income workshop dot com that's my passive income workshop dot com me. 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That's a patriots software dot com. It's about your life. And your money it's the Dave Ramsey show Jones on Twitter from trying to reach to sell insurance how should approach approach the dating scene at home such a tight budget may be she should wanna debut for you know where your gonna take her. And you know maybe she would love the fact that your gonna be some fiscally financially responsible. Which so few people do that I would think that make you highly attractive. Weekdays at eleven on top thirteen seventy. So it's. Doesn't feel welcome this guy. No sir. It's this season and best people. Boston's old protections random basketball. Talk thirteen seventy all right Joey. Presented five page draft. Now here's some more unconventional wisdom just sets you free the men on a mission to retire road America one per. Once. They were talking about the blacks a lot of guys didn't like completely change we'll see investing for the next five to ten years. I'm telling this story can get you there you're gonna have to listen you're gonna have to stay where there's I know you gotta go back to work whatever. Call in sick it's worth it that's how. Different if you're going to see the world after you you're the Russian story so we've taken up to the point where they've allowed to have we can you know. House left behind program from George Bush and Barney Frank they've allowed all these terrible mortgages to get written. And finally everything crashes we all know that. Foreclosures abounded everywhere. Gambling and just speculation houses has been occurring for the last couple years. But people have no idea what they're doing in the real estate world and absolutely no reason that should be out there investing in real state they have no money no credit no knowledge no brain even in fact. And the route their gambling is speculating because of all the gurus crisscrossing the country telling everybody that they should be doing this midnight madness stuff. So that what happens the crash occurs and now the world's caves and then. What is the result what is the reaction that always occurs when these things happened the pendulum swings way too far the other direction. And so now all the sudden you can't get loans investors can't get loans homeowners can't get loans. And you've got all this product sitting there on the market for fifty cents on the dollar because nobody can buy it. Except people who had money investors. Rich people successful people. And so what are we rich successful people do. We start by a new stuff up fifty cents on the dollar odd even bought stuff 25 cents on the dollar. During 20082009. It was unbelievable. We were making a killing like you would never believe our cash flows were astronomical. And our purchase prices were next to nothing. And while all that's going on big government socialist help these guys rate the countrywide. Plus lower interest rates down to three point 85%. And let them just have all this stuff for free so duel for next enough then can finance it for almost no interest that was your government at work. Yes it trying to recover from the west is stupid thing they did they created even more insanity. Now what's happening as these gurus are crisscrossing the country you're convincing all the rich people they need to get out of the stock market and get into real state investing. Myself included telling people the same thing because it was true you can make millions during this period of time. And then what happened. Everybody started doing good as everybody started doing it they started battling over the price. For a fifty cent on the dollar deal. I was buying houses at twenty dollars square foot fitted originally sold 400 all the square foot. There was 25 that I couldn't get a lesson thirty dollars a square foot over the next four years they went from twenty to 25 to thirty to 35 to forty to 45. And right now people are lucky to get fifty. Dollar a square foot deals. So what is that going on what's going on is that these. People out there that are buying these things are making tons of money with them so they are drowned in the marketplace within thousand dollars in fact it became so lucrative. That it became institutionalized. The day Warren Buffett said if I added the money right now to do if I had a way. Two managed properties out by 101000 houses today. And guess what somebody figured out how to do it they went out and bought 101000. 56845000. All the sudden institutional buyers are sucking the house is out of the market left and right. And making it even more demand for these rent houses. Now it's going in Corley what's happening with the average buyer the average buyer out there in the marketplace and stop buying. Why they stopped by let's look at all the things that happened first ball. There were used to be a 69%. In 200469%. Of the people this country boulder home. We didn't own home and compared to only 31%. That rented. As of right now you're talking about only 63%. Of compared to 237%. It now reds. There's a 6% turn around. On 400. Million people think about how many people that is that's an astronomical number of people so what is happening. Wall all right alongside of the investors buying everything they can get their hands on. You've got homeowners decide they don't want older homes anymore. Why they saw their mother their father the sister the brother codes and lose. Their life savings in their home. David told the hole was the most important investment that they would never have had that they should pay it off every guy out there said you should have the short loan mortgage this that. And they are paid down that equity at all that Equity One away. And many of them lost their jobs because the recession couldn't even pay the mortgage payment they lost their homes and millions of homes went into foreclosure. How old students per week here in this country. And these people. You'll never won all the home again they have been displaced out of the marketplace. For at least a seven year period while they clean up their foreclosures. Out of their system. But they may psychological would be closed out of the market for the rest of their lives they just flat don't wanna have an afternoon again. Just like I never invest in the stock market again after black Monday. On October 20 1987. When I lost all that money a one day I said Dex did. You know messed me once shame on you messed me twice shame on me whoa that's way people feel about homeownership porno and only home I don't wanna maintain it I don't wanna pay the mortgage I don't like to factor taxes go every year how what not to do it and how Lewis simply try to give myself four. Give my owner of a red jacket and just forget about it let him take care of the place. I don't wanna do all that. So we lost all those people used to own stuff at the very same time people coming into the market to new more seals. Are saying are you let your mind. I don't know if I can get a job right now the economy is crush I don't know that are you gonna do to use my college degree I've got a 100000 dollars with a dead my name. From going to college now. They're gonna see anybody else any night and you soon because I mean ever won a buy house number what I need to be very need to be flexible like going to be able to move. To get a job in this job market you may never be able to get a job if you don't stay flexible. So I'm not gonna buy cynically as some appearance lose everything they have so why not gonna bark. Thirdly. You have to put down 20% down 10% now you had to put large bottom I don't have any money in fact. I couldn't even qualify for loan why I cannot qualify for loan goes three reasons I don't have credit I don't know money. And I have debt and massive amounts of debt in my name. So the more Linear also are out of the marketplace so now you lost the people the use don't have health is now I've lost the more deals. Out of the marketplace. Now you have seniors that are figured out for the first time in their life. But the 41 K didn't work did tiger scale that they've been dead for thirty or forty years is coming to light. They're broke then they're trying to retire. Whatever equity they have announced they wanted out they wondered out now so they can survive they do not what we go into longer broaching in my house. So there you go. They're out of the marketplace. What's left. Not very much. Even if the market starts to turn around. And people wonder why. There's almost nothing what's the bar. Why it's because of doors won't build forty mean dole reform bill good builder refused to build. Phenomena go that we come back because if you understand that part of the cycle mixed in with what I've already showed you you're gonna realize. That this is a Black Swan event. This is the point where this article should be changing. But it shifting the other direction. It's actually going the wrong way we'll be right back with you don't want to radio show. You're listening to until monthly radio. Dell will be right back with more life changing principles are just a few minutes. Long time lifestyles member Curtis hang. So real joy for me looking back. Is helping others and I wouldn't be able to have done it without the support of lifestyle ladies can't please thank you enough still for that's. If you were to ask people if they could vote on the top ten guys. That help other people you'd be one of the viewers no doubt about it if you have. This road mass of cold and success stories on this one I'm just. One person out of left thousands fantastic success stories that each and every person can learn from that's my life. Take Curtis Haines advice. Come meet you know like minded successful investors who are helping others just like dale helped him to attend the workshop. Get your math. Safely and quickly build wealth and passive income so you never have to worry about working till you drop losing your job or retiring in poverty. Call 18669718974. Due to lifestyles unlimited Austin dot com that's lifestyles and limited Austin dot com to register for the workshop or change your life. Me. CBS news updates are arrested one suspect connected to a wave of threats against Jewish organizations cross country. CBS news Justice Department reporter Paul read on the convoluted trail of anti Semitic threats that Paul Thompson is accused of making. Need to different types of threats city called into these days he sees one group of threats was where he would call in a bomb threat. And then send in a tip saying it was his ex girlfriend who called in the threat. Many had another set of threats. Or he would Colin the threat and then send them a tip saying it was him and then he tried to frame his ex girlfriend for framing him. Among the threats made against the anti defamation league's New York City headquarters here's New York democratic congresswoman Carolyn Maloney let's call this what it is. Domestic terrorism Dobson is charged with just a fraction of recent anti Semitic incidents across the country a 122. Bomb threats being investigated by federal officials. CBS news update I'm Jim Taylor. Lenient in that accident is scary now. The right to choose your auto body channel or don't let anyone make that choice could you. Point collisions senator we will help you through the process for our certified technicians were only stealing your. You can fast street estimates. No lifetime warranty and 24 hours so we can only collision center this I don't mind that we collision center dot com she's only. Professionalism and experience. She's twenty collisions sinner. This is scrutiny you'll almost brought to freedom your military veteran talk radio show I'm brought you in partnership with them best. This week on front lines of freedom we'll talk with retired army general Tony Taylor about the challenges facing our military. We'll also talk as a retired army chaplain from Kaiser about moral injury it's not posttraumatic stress it's quite different. Then we'll discuss VA mortgages granted Alexander. Front lines of freedom Saturday nights at nine on talk thirteen seventy. The Sean Hannity show they're not telling you is obvious truly gets it perfect. Promise to withdraw from TP pain. He keeps printing company after company and starting when carrier and then moving afforded them over into Chrysler Fiat and then moving due Intel they did spend. Seven million dollars pay grade 101000 American jobs didn't tell you about keystone XL pipeline North Dakota access twice what promises he made. Sean Hannity show weekdays it to talk thirteen seventy the right choice. Read I radio. What's your posts and they're currently I am Gerry McNamara on the Sunday night Monday morning shows were back from the first full weekend of march and is it the first full weekend of a new style of presidency. Under cross. And Eric USA airport terror threat is set to grow as al-Qaeda rebounds. Stay awake with the red eye radio overnights on top thirteen seventy. You're healthy radio. Shouldn't. I'm sorry but it's not the president of the United States duty to make these dreams and wishes of people in other countries come true just not our dependence duty to do that. It's his duty to protect me the United States and to defend the constitution and the that's what his job dissident and it's not just at the children's wish his corner I know under bush shocked to hear that that's just not his job as you're healthy radio addiction starts every morning at eight Laura Ingram show on talk thirteen seventy. Here we are you ES. Sock thirteen seventy. So right so things. Now here's some more unconventional wisdom just sets you free. The men on a mission to retire road America one person at a time. No one's doing. Quarterback you don't want to radio show that they were talking about the blacks wanna bet that may change real estate investing for five to ten years into the future. This is something that is so profound. If you dare turn the radio show off you're going to miss something could change your financial future I'm sharing this and everybody. Because I think it's so profound the whole world needs to know this and I don't think anybody else has figured this out. I know that sounds arrogant but they just not put all the numbers together and figured out as are all looking at it. From their own Berry get any gift is to go and sell senator points of view. But if you bring all these facts together and see what's actually going on you're gonna understand by the into the show why you might be able to make more money in the next five years. Then you've ever made in your entire life. So let's talk about now we've got people but by god told you all these reasons people. That used to wanna buy houses are not buying houses and homeownership is on the decline. It is. Who radically on the decline I see in the near future housing. The ownership might be done as close 50% to 50% Reynolds good percent ownership. Hi she is happening it's all around us every report I read report after report says the same thing. People are not buying that they are renting. So let's talk about why builders are not building. Well first of all because no one's buying that's the most important reason the second reason they're not building. Just because they can't afford to build homes at the average first time hole or home or. Would want abide. The old people used to buy expensive homes they no longer what expendable if she would happen owning expensive films goes to their financial situation later in the life. And younger people can't afford more expensive homes but builders can't build inexpensive homes anymore why. Because a governmental regulations. The government has destroyed. The construction business 14 or five different. Frauds it's. This unbelievable. Was just talk about. Few regulations for energy. The energy regulations alone. Could raise the cost of outs by 30% from what it would cost ten years ago. What do you mean Dell we you have to have a thirteen. Cedar Fair condition compared to a debate seer air conditioned air conditioners used to cost 500 bucks they now cost. And that fouls and that doll worse. Now think about that I can still by the old kind of air conditioners that we use which would consider conditioners I can buy them for 500 bucks. You're paying 101000. Dollars for an air conditioner. I know because I just bought one mile high and air conditioners when out. And they were told me it's 5000 dollars for just the exterior part of the air conditioner not we talk about the internal power. You're talk about how water heater regulations. I have gone up fourfold. Cured now doctor Nabil allow water heater for western 2000 bucks we used to Bible for 200 dollars. The Cisco down the line the electrical costs of G aging electricity and electrical equipment to where it needs to be. The thermostats the installations. Everything he's gone through the roof because of government regulations. Let's take another step. What about workers' compensation what about workers he employees laws they have made it so that they need to hire people you can't hire people. Number two there have illuminated. Skilled jobs. What do you mean by that Dell. Because they have told everybody for the last ten years. That every single stupid person on this earth I should go to college and come out with a doctorate in German dance for a doctorate in the end. Who's really relationships for a doctorate in government and society. And give up all those political college stuff is always. At times. Can anybody tell person out of frame house and can anybody teach people how to lace and that does anybody know how to put on a rope. No they don't has sold the availability. Of personnel to do construction. Has become very limited and so the demand an. Is outpacing the supply. Of trade workers and hence the price is going through the ceiling. Secondly do you look at the materials. To materials that are being used now are way more expensive. They're high tech. They're costly. And the availability dilemma is next to nothing why because our government does so many dog food international things that right now. Concrete almost was almost unavailable for a couple years in a row you'd look at framing you can't cut down trees anymore so. Usually goes all and end all and end all of the government has done to make housing. Funded Opel. It's just too expensive develop ulcers so what happens well they build the houses that do get built are very expensive so let's go back to. Now days to entry level owners wanna buy expensive homes no. They don't want to nor can they they can't afford them remember. The mortgage situation such that it's hard to get a mortgage but still there's still that lingering taste in your mouth. From watching your parents lose everything they had. So to go out there and have to have enough money to put down an expensive home enough credit for Downey's principal. To not have enough hard to get rid of all the debt you have from college is almost an impossibility again on the other side or people don't want any. Then on the third. Scheduled to try to go to the people that have foreclosures in their name and they're not going to be able to get out of that situation. Even if they wanted to and so hence no one's viable houses now let's go back to the investors. Remember we provide these houses fifth and twenty cents a dollar fifty cents on the dollar 60708090. Cents on the dollar. Why did the prices keep going up and nobody was buying them because investors were buying here's what's happening. Has all these people don't wanna buy houses and as the market for housing as the number of families that are. How do that need a place to live is expanding rapidly because of job growth. Because of people moving out of their parents' basement because of people coming out of college these people need a place to live and they're not buying houses so they're renting. So investors are buying houses and rent the amount in making tons of money on it barriers to deal. This cycle should have ended. He should have ended when houses got this expensive foreign investors couldn't buy them for fifty cents or even 75 cents on the dollar it should have been over. Do you investor should've gotten out of the marketplace and gone back to something else or just held the property they had. For rental income but that's not what happened. These investors great so much money. That they refinance their money out he tells massive equity. And they refinance all that money out of those houses head out of these apartments tax free. You understand that. There ending up with millions of dollars each investor. I think I pulled out somewhere between five and ten million don't hold me down to an exact number but I mean millions and even if it's just one million. I know one deal I pulled out one point three million dollars in one that deals tax free money. Right I'm not doing personnel there is doing this there are thousands tens of thousands of people are doing this making millions now what do you do with the millions. Bolt typically you would stop buying with those millions because. House prices would have got up so high. That the reds would not cover the mortgage did a bit over the cycle be over. And wrenching scene you know would stabilize and house prices we've stabilized but that's not what happened. What happened was. There's more and more more new candidates came into the marketplace. They pushed for rental prices all high demand. I know supply wiser knows why did you not know let me thank. Right so then do you go over here you look at all these old people coming out. Of home ownership because they don't want it anymore it to push a run rate up rents go up. Now you look at the situation all those people would bad credit they gotta rent and demand goes up rents go up. What's happening is there's more and more and more rental income. The higher the rental income goes the higher the price and investor can afford to pay for our else. So we never would have thought of buying a house about 7580000. All the a couple of years ago. Now we're buying with a 1002050. And their cash flow like big dogs 5060700. Ultima positive cash flow. It's unbelievable. Reds have gone up all 100%. In some locations over the last ten years. It's just unbelievable. Effect. I think a 100% to like how they got ready something like 60% in some of the higher markets just. Insane. Can you imagine if you're re entered and ten years later your read 60% higher the cost of living. What's happening is used to be that. Housing wouldn't be more than 25% of your cost of living right now housing is as much as 45%. Of some people's calls Politico. It's just mind boggling. But what is that doing for the investors it's allowing them to keep buying when prices are going up. And they keep buying because they keep making more money and the more money they make the more they want apply can you not see how that stimulates the appetite. As they body do you pricing themselves out of their own market except it's not happening why because the higher the prices. The less number of boulders. And people don't wanna be owners and potential owners can afford to buy these houses. There are changing the market such that entry level buyers will never build afford to get in not the way the cycles going right now. So what you're looking at my friends visit they're going to drive those prices up so high. That no one's gonna go to four outs. Except those rich landlords. Will be right back you don't want to bring. You're listening to tell monthly radio. Dell will be right back. Our life changing principles and just a few minutes. Did you know that every dollar you put into a piece of real estate makes you money five ways. Cash flow of money in your pocket each month. Equity capture the thousands of dollars you create when you have the right team and by the right property using the right man. Appreciation. For real estate doubles in value about every ten years. Equity buildup. Renters pay down your mortgage each month and finally this tax advantage we pay almost no taxes on our cash flow and capital gains. These are the five ways we make money in real estate. Which is why real estate accounts for more millionaires in the world today than any other investment vehicle you should have some real estate in your portfolio. To learn how attend one of our free workshops or call 18669718974. Go to lifestyles unlimited Austin dot com and register for the next available workshop. That's 866971. 974. 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What would happen if you didn't show up for work tomorrow. For the next couple of days for a week a couple of months and years how long until you lose everything you workforce in a fraction of the time it took to earn. If this fear keeps you up at night it's time to learn the strategies we teach as lifestyles unlimited starts with a free workshop and go to my passive income workshop dot com and find your true financial pieces like so many of our members already have. That's my passive income workshop dot com. Now here's some more unconventional wisdom to set you free the men on a mission to retire road America one for. No one's doing. Read the last segment dollars and radio show today we talked about the blacks one event. I've been making the argument through a story throughout Tuesday's radio show. That hey we're in for a couple of different type of rules state market that we've ever seen before the normal cycle. That would occur that would of turned us around and headed is back in the right direction real state wise. Has not occurred the government has put too many stops in the way. It's created too many problems and they are going to be generational. Problems. Meaning that the people the more deals as they're called right now you'll never have the same desires that their parents had in fact. I can tell you from my own experience with the children that I'm associated with the much to my child and my girlfriend children they have no desire to zero desire to own homes. To get ahead to get a job to hold a job down there. Dude dude grow wealth none of that there in the I won it it's Mimi Mimi right now right now right now generation. How living wherever they can just throw their hat. He is absolutely the way they wanna live and they're not changing there's not gonna change its not like also they're gonna grow up and salt and it makes sense to them even if it does it's going to be ten or twenty years from now. It's like to see a guy. Pull into. The restaurant somewhere and you see the guy with long long hair in a bald head annual manic guy stuck in the seventies. He never got out of it that hippie lifestyle that he created for himself. She never could ever change his attitude that I am not gonna conform Augen abominable for every liberal whack go idea that there were several was. Because one day I decided to smoking pot was more important than anything else in my entire life had so I'm gonna stand by my guns and I'm at a crawl my hero long. Nowadays it's fat cats to pure seeing people. DA a minute chat my body up and it's never gonna go way out to be at chatter for life commonly appears to have holes in my body but I am never gonna change my attitude you're never gonna make me get a job and go to work. And actually be somebody I refuse to be somebody. You're just materialistic. You're just all bulls bad things that we want nothing to do it I'm gonna live my life for fun and ten helping and caring about other people and we think the government should help and take care of everybody we are going to become prisoners of our own liberal ideas and they will allow the government to voting for the government to expand the government to control. Every thing they do to the point there rule nothing. In fact. Our country is going to be in this situation before long where you're going to have the haves and the have nots is not going to be there's going to be no middle class. There's nothing there's going to be all of you guys who voted for liberals and have nothing you know nothing the government's spoon feed you every day. And then there's going to be us the onto the new worse the capitalists. That we are gonna bone and everything. Why. Because we're gonna keep buying natural state of my friends where do you realize and are not as these prices go up to really keep buying these houses but what's happening is. Is that there's no place to invested more there's no place to put your money there's no interest you can't raise. Money you can't retire. You can't go out there and by god and. Or CDs and retiree anymore. You're going to be forced to buy real state. And the people they have million dollars in their savings account the retirement accounts if they won't survive it's not gonna be about earning one or 2% on bonds. It's not going to be budgeting and nudity for 4% no my friends. They're gonna go up by real stage. And that's gonna drive the rig returner real state down from twenty or thirty pursuing cash flows. Down into the 78910%. Cash flows but 10% casual still gonna be better. There and made two or three or 4% return you're gonna see people buying real state left and right it's all gonna be rich people by and it. Because of poor people won't go to afford to buy it there won't be able to get the loans to buy it there won't have the money for the down payments to bias. And the rich are going to get richer and richer and richer and richer and always control everything. There's not gonna be a place for people live in fact the only place people can afford to live is gonna be apartments but all the new apartment complexes that are being built the red start out over a dollar between it dollar 52 dollars per square foot direct. That means people buying. Our our removing indoor park itself people apartments that cost 15100. To 2500 to 3000 dollars a month. To live in a stupid apartment in the midwest. You've got people on the West Coast paying 5000. Dollars a month. To rent an apartment. 3500. In LA. San Francisco. Is 5000. Do you understand. Dad and everybody is gonna be a slave to their housing costs. They're not gonna have money to be little by other things because all of their cost are gonna go to housing and there's nothing the government's gonna be able to do before they just can't stop it. Because the government can't run businesses it kits start businesses. It can't do anything to stimulate opt for a new realism and the only place where you can actually get out there and do this and make money. It's going to be real state and think about it can Eagles started foundry. Can you go start factory. Can Eagles started at grocery chain. What can you do these days you me America mom and pop what do we do with the money that makes any sense at all can make its large amounts of money. Yeah capital gains anywhere from. 10203050. A 100% capital gains we see all the time. What can you do that. The stock market. Now it's numb after into stock markets could be the same thing. It's going to be the rich have tons of money sitting there throwing it into the stock market hoping so what happens. Yeah at a capital gains will go up. But there's no cash flow they can't live on that when they start to try to live on it. What's gonna happen. They're gonna have to pulled money out of the water as they pull out still have less and less money in the market as we have less less money in the market. They have less lesser return on that money does is less money never return on. That Lewis said this. As old people get old. Right yeah you know what risk anymore and so. There has been predictions by very famous economist. At around 2020. People. That already in my age group and will liquidate. All of their 41 case. Pulled out money out of the stock market and live off of it. And then. The stock market will go away but even when the stock market goes away and the jobs go away people still have to have a place to live. And we are going to fold the solid assets of this world. The real assets the ones. That you can't reproduce it why can you not reproduce these assets because it cost too much the government. Has gerrymandered. The playing field. No one else can get into it because it cost too much. Only the rich can get into it and the rich will grow. What I'm telling you my friends is over the next five to ten years the rich are going to get extremely richer through real state and the poor are gonna get extremely poor. Because if you don't own assets like your old personal residence nothing several appreciation your wife your checking account doesn't appreciate you have no money. You have no assets you have nothing. Guess my friends I tell you all the time that we do this not for the money before the lifestyle. But I'm telling you today this is the body have a wonderful day. From listening to the Joseph blogs and radio show. Continue the opposite of everything you've ever been soft so you can obtain the results. Join us every Monday. Good enough this in lifestyles unlimited dot com. Click on the radio jam to listen to the lifestyles are limited real estate investor radio show access special podcast. And join that conversation. The information and opinions you hear on the job monthly radio show or those of the most job on slick has just had just colors and do not necessarily reflect the opinions of the station and its affiliates mismanagement or advertisers could tell monthly radio show is for entertainment purposes only. Please consult a professional regarding your personal investment needs nothing presented on the job monthly radio show constitutes an endorsement or recommendation offer or solicitation to buy or sell any product or security.