Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 03-24-26_TUESDAY_6AM

Episode Date: March 24, 2026

03-24-26_TUESDAY_6AM

This hour of the Bill Meyer Show podcast is proudly sponsored by Klausur drilling. They've been leading the way in Southern Oregon well drilling for more than 50 years. Find out more about them at Klausor drilling.com. Now more with Bill Meyer. Five minutes after six, joined the conversation at 77056633-770 KMED. My email bill of Bill at billmire's show.com. It is Pebble in Your Shoe Tuesday. Pebble in your shoe Tuesday is the time when you can actually just join.

point in and share what is concerning you and just kind of, well, de-stress. I really think that's part of it. De-stressing, 770-633-770 KMED. You know, I was over the weekend, I ended up having the opportunity. I was going through the DVR. I didn't really like anything that was on TV. And I found a movie that had been sitting in my DVR that I had downloaded, I don't know, probably two years ago.

I never got around to watching it. And it was a 1996 Star Trek movie. It was one of those Star Trek, the next generation movies. It was called First Contact. And I had to do, I think, the basic plot of it was when the first warp flight took off. And then the Borg, you know, the evil Borg, which is kind of like, you know, the version of collectivism that we're all supposed to dislike, and it is really kind of scary, you know, that scary kind of thing, you know, the Borg, you shall be assimilated, right? So I'm watching this,

and it was a good movie. It was actually a much better movie that I remember when I saw it 30, gosh, it was 30 years ago. Yeah, 1996, 30 years ago, I can't believe it. And then, though, when they start talking about economics, now this was 30 years ago, 30 years ago, and when Captain Picard starts talking about politics and money. It got interesting. I went and found a clip from it. And I wonder this is where the universal basic income stuff is coming from. The economics of the future is somewhat different.

You see, money doesn't exist in the 24th century. No money. You mean you don't get paid? Yeah. The acquisition of wealth is no longer the... the driving force in our lives. We work to better ourselves and the rest of humanity. And there was another clip that I found at the same time.

It's amazing how much socialism and how much lefty politics was put in Star Trek, even though I really like science fiction. Here's another one in which I guess they found a couple of people from the past that were in the future and they were going to be sent back. And by the way, if you're on hold, I'll take your calls in a minute. but I'm kind of on this topic just for a second, okay? A lot has changed in the past 300 years. People are no longer obsessed with the accumulation of things.

We have eliminated hunger, want, the need for possessions. We've grown out of our infancy. Here's what I propose. You can't stay on the Enterprise, but I have arranged for us to rendezvous with the USS Charleston bound for Earth. They'll deliver you there. Then what will happen to us? there's no trace of my money

my office is gone what will I do how will I live this is the 24th century material needs no longer exist then what's the challenge the challenge Mr. Offenhouse is to improve yourself

to enrich yourself yay okay so those messages kind of went over me or went over my head 30 years ago and I'm one watching all that stuff. And I love that series. I just realized, oh my gosh, everyone's been getting fed this. Now, of course, the way they can get away with this is that, remember, there's

the replicator. You have energy and matter. Any kind of energy can then form whatever you want. So I guess that took care of everybody's needs. Everybody gets what they need. Nobody has to want. Nobody has to struggle, right? You know, that sort of thing. I have a feeling that a lot of people watched a lot of this and they took it to heart because I got a news release from the Oregon Center for Public Policy. And they're out there trying to condition people. And you hear those two clips that I had for the Star Trek. And this is what they're pushing. The future is a guaranteed income.

Oregon lawmakers recently expanded the earned income tax credit together with Oregon's kids credit. Our tax code is now delivering more than $120 million per year directly to hardworking Oregon families who need it most. The future of our safety net is not the failed approach we see at the federal level, meaning Trump, which often forces families to jump through hoops in new layers of red tape to prove they are worthy of help. The future of the safety net is help that is unrestricted, unconditional, and regular enough for people to meet their basic needs. Sounds like Captain Picard, doesn't it? The future is a guaranteed income. Today, the Oregon Center for Public Policy launches the guaranteed income resource hub.

This is a place for Oregonians to learn more about guaranteed income and access the resources needed to grow the movement for an income floor in Oregon. In the guaranteed income resource hub, you'll find our research and commentaries on guaranteed. income, podcast and videos on direct cash, an interactive literature review tool allowing you to explore the growing body of research supporting guaranteed basic incomes. The guaranteed income resource hub is a living repository. Check back regularly for new resources and updates. I'm thinking, my gosh, it's just like what Captain Ricard.

You know, we don't need money. Everybody has what they need. It's a freedom from what. the one thing that the Oregon Center for Public Policy, looking for the guaranteed income, does not have, is the replicator. As soon as the liberals invent the replicator, then I guess we can have our universal basic income.

Up until then, you've got to get your butt out of bed and go to work and try to be productive. But isn't it interesting how I think many leftists have been trained on a lot of science fiction and Marx and Marxist politics coming through science fiction. Now I know Gene Roddenberry of Star Trek, creator of Star Trek, had that kind of utopian future vision, so I'm not surprised that it was infused throughout that. But I didn't quite notice it as much when I went to the movies and I watched the TV show back in the day. I just kind of always enjoyed the characters.

And of course, Wharf wanting to kill all the idiots that surrounded him. You know, I kind of appreciate that feeling. There are times that I feel that way when they go through the news, too. Worf, I'm right to you. I'm right with you. Get out the bat left, whatever that thing's called, and start swinging it. Just want to swing it. Anyway, 18 minutes after six, it's pebble in your shoe Tuesday.

What do you think? And join me in at 7705633-770KMED. I'll get right to your calls here in just a moment. Hi, everyone. Amber Rose here with Siskue Pump Service. and rotary drilling company. Grant money is now available through the state of Oregon to repair or replace low-producing wells or wells damaged by wildfire.

We'll guide you through the grant requirement, give you the estimate you need, and handle the drilling and pump installation from start to finish. Funds are limited, so if your well is running low or you're noticing changes, give us a call 664-4-660-siscu Pump.com. Hi, it's Bill Meyer. Listeners keep letting me know they're saving. at Sky Park Insurance. Here's Stephanie from Shady Cove. Steve at Sky Park Insurance, double the coverage on my newer manufactured home while saving me over $300 this year on a combined home and auto policy.

Thanks, Steve. Skypark is an independent agency with providers like Progressive, Safeco, Foremost, and many more. Call Steve for a quote, 261-5444, or visit Skypark, INS.com. At Skypark, we make insurance easy. These statements have not been evaluated by the Food and Drug Administration. This product is not attended to diagnose, treat, cure, or prevent any disease. I spent years living in fear of calcium oxalate crystal stones, always afraid of when the next one would hit. Now, I just take kidney cop. Battling calcium oxalate stones, it's time to try kidney cop.

A doctor recommended kidney supplement that has been shown in laboratory tests to reduce the growth rate of calcium oxalate crystals by 99%. Get kidney cop today at Amazon.com, Walmart.com, or kidney cop.com. Hi, this is Lisa, the Hughes Lumbergirl. and I'm on 106.7 KMED. Delighted to have you on Pebble in Your Shoe Tuesday, 7705-633. Ty Lasseter, big money guy is going to join me after 630. And he's kind of happy that single-family houses are going to be stripped out of hedge funds,

you know, the black rocks of the world. We'll talk more about that, dig a little more deeply. Let me go to Phil. Phil's in Rogue River. Phil, welcome to Pebble in your shoe Tuesday. What's the pebble in your boot or the boulder in there, huh? What say you? Well, I believe the Boulder in all of America's boot is going to be if we do not get the DHS and the Save America passed and our Senate goes on holiday for 10 days.

I think it's going to be really a bad look. Isn't that offensive? Absolutely and utterly offensive that the Senate is talking about going into recess so that we can have a holiday, a spring break holiday with such. major legislation hanging fire? Yes, I think they should be held to the fire and not even leave that conference room until they make a decision. I would say hold them with painful chains

in the Senate chamber. See, that's my inner cling on coming out again, Phil. I can't help it. Just that. Lock the doors. Okay. Yeah, lock the doors from the outside. There you go.

I like it. Right there with you. Scott's here for Meagel Point. Scott, how are you on Pebble in Your Shoe Tuesday? Well, I'm not bad, Bill. Hey, Scott from Eagle Point, Oregon. Hey, all right, class 85. Hey, with all these 3D printers, you know,

CNC routers and all these other weird things that we have now, why can't we print out better politicians? That's a really good question. I think the challenge is that, in spite of the fact that the tech bros think that human consciousness, that were just human computer meat sacks, right? We're just computers. I don't think the 3D printer can yet print the soul or the spirit. What do you think about that, Scott?

That's pretty scary. Well, I believe in God and I believe in eternal life through Jesus Christ. So eternal life and the other side, well, I know. We're getting into some really deep stuff here. It might be late night talk. Yeah, I know. It's a little bit of late night talk in the early morning. That's all right.

You know, early morning. It's kind of the, yeah, the ends of the time. right? You got it. Right, right. Good hearing from you. Thank you, Scott. It's a good question. Why can't we 3D print them?

Well, you know, kind of think of it if we had the 3D, if we could 3D print the politicians, we wouldn't really need the politicians, would we? We could 3D print Utopia. Hello, Dave, how are you this morning on Pebble in Your Shoe Tuesday? Good morning. I'm pretty good. I wanted to say, you know, I live on universal income,

and it sucks. It's called Social Security. That's a very good point. You know, this is going back to how the science fiction shows like Star Trek. We're always kind of pushing that utopian universal basic income. But what I find interesting, though, is that we have nonprofits in Oregon that are kind of picking up this gauntlet and saying, yes, we need to be talking about... Did you notice that they were always warring on Star Trek? They were always fighting somebody. It's because, you know, they had it too.

easy so they had to make it where they were always battling somebody, constant warfare. You know, that's a very interesting point. It is kind of, you know, two philosophies sort of at war, literally, with one another, right? We're talking about, you know, we no longer have to worry about getting into poverty and things because everybody has what they need, but people still need challenge of one sort or another. Right. And, you know, you don't need so much resources that you kill everybody. Yeah, I think that's what is, I think it's part of the globalist cabal, isn't it?

They like that part about it. Well, yeah, you know, and Donald Trump, if he succeeds in Iran, it's going to break the financial cinder in London, because, you know, they finance both sides. you know, they always have. And so we might see the end of, you know, that in more of a Hamiltonian, you know, industrial base, which we're doing a middle class roaring back. Assuming that we're allowed to have children. Well, assuming we're allowed to have children.

The reason I brought that up is it's quite fascinating. I was reading an article about University of Texas. We were, you know, we have the problems here in Southern Oregon University, how they're having trouble figuring out their budgeting, right? Because, you know, the costs are going up and the number of students are going down. Well, this is really the result of a reduction in population. Student populations have actually plummeted because there are fewer kids of student age for colleges. And secondly, if you look at the one-trient policy, that one child,

and now they're mandating that they have three because they've had a collapse in their population, Jim McGrath. Yeah. What we've done here is say, well, we just need new populations, so bring in the third world. That doesn't work either. Thanks for the call, Dave. Speaking of bringing in the third world, there's a great article if you have a chance to go to revolver.

Dot News. It's worth reading today. Data. Muslim and African immigrants are convicted of crimes in Denmark, 10 to 25 times higher than Native Danes. I'll bet you never would have figured this one out. You import the third world and you end up getting third world crime problems. Everything from murder, theft, whatever it is, 10 to 25 times higher convictions, prosecutions, and crimes from these immigrants.

And I know you're supposed to hold the sign up. Say, welcome immigrants. All right. It's worth reading. Revolver. Okay. Hi. Good morning.

KMED. Hi. Who's this. Welcome. Good morning. Dave. Tom. This is Tom here.

Sorry. I was talking about the Danes. I get it. Dan's on my mind this morning. How are you, Tom? Doing fine. Last week you interviewed Patrick Wood of the Technocracy News. He has a very interesting article regarding Larry Fink of BlackRock, who is the head of the CEO in charge of trillions of dollars. He's in negotiations with the Trump administration about asset tokenization. which is basically one of the lines here under full tokenization, your home, your savings, and your retirement account will all exist as basically digital assets that can be taxed, they can be eliminated.

It's kind of like the digital dollar where the government has total control over your bank account. Oh, so they just take all of our assets they do, the Larry Thurton, thinks of the world and create essentially Bitcoin versions of our assets then, right? It's worse than that. It's basically the abolition of private property. It's the government has taken complete control. So this kind of segues into what you were talking about, Star Trek, and so forth. That seems to be the ultimate goal. Well, the thing is, even Picard in the script was talking about how we have no need for possessions, and that's right down. that that whole Larry Fink and World Economic Forum kind of talk of, you will own nothing,

but you will be happy, that kind of thing. That's where that comes from. Exactly. So, you know, but when somebody like Larry Fink, I mean, Black Rock, that's the largest, you know, controller money in the planner right now in terms of stocks and so forth. So somebody, that reach is really serious talking about this thing. Basically, again, it's called asset tokenization. So the question will be, though, will President Trump pay more attention to the opinion of his base,

or will he pay more attention to the money powers, which tend to run the game of any government, really? Well, it seems to be the case right now with Iran War and everything seems to be always. It's always about the money. A real quick one here, if you don't mind. There was also a great article at Mises.org, the libertarian website. But this woman had a photo album from her sister, and out of it tumbled out a 1999 shopping thing, and it happened to be 125 items. And back then in 1999, it cost $155.

So she decided to say, well, what would it cost today? And it turns out it's over $500. So that's how much you're screwing us with this inflation. Inflation is basically theft. Yeah, agreed. I'm going to look that up so it's on mesis.org. Yeah, and it's called Z-O-E-D-I-E-D-I-P-E-L-S, something like that. All right, I will check it out.

Tom, I appreciate the tip on that. I'll read that. Ty Lasseter is going to talk with me about homes and how he's actually happy that homes are being stripped out of the hedge fund, the Black Rock world. You think that's actually a good policy the President Trump is talking about? We'll dig into that and a few other things too. And we will go back to your calls, especially after 7 o'clock.

We'll have more. And so much more. Every deal helps your dollar go further. My Oregon Eveals.com is perfect for gift giving as well. Best of all, your gift cards are shipped right to your mail. box. New offers are added often, so check back frequently. Put money back in your pocket by visiting my Oregon Edeals.com and start saving today. You're hearing the Bill Myers Show on 1063 KMED. 636, Ty Lasseter joins me. He's the CEO of Lassiter Capital, a very, very large financial brain.

And Ty, welcome to the show. Good to have you on. Morning, sir. Good morning, Bill. Thanks for having me on this morning. Hey, tell us a little bit about Lassiter Capital. Are you a hedge fund and investment fund. How do you work? What is your business model and what do people need to know and where can they find out more about you? Then we'll dig into this story. Absolutely. I do have a background in private equity. So we're a private equity kind of set up investment company that is mostly focused on real estate. We're vertically integrated throughout the real estate space anywhere from we manage all the construction and the property management to the acquisition and ownership of large multifamily and housing. We're trying to address the major housing issue that we have in the

United States right now. And there's a niche that we focus on with really that falls right within that affordability range for providing housing. And so that's kind of our focus. People can find us online, Lasseter, Capital.com. It's L-A-S-A-T-E-R-C-P-I-T-A-L or on any of the social media platforms under my my name, Ty, like a necktie, Lasseter, or Lassiter Capital, either one. All right, very good. Ty. I appreciate you coming on sharing about this because there has been a lot of controversy over what has been going on with hedge funds such as the Black Rocks of the World, moving lots of

money, institutional investing in single-family homes. And there has been many stories of almost entire neighborhoods being bought up at some point. and that this is breaking the American housing model in your view. I was wondering if you can give me your take on how you see it working. Absolutely. I've been on a number of shows over the last couple of weeks talking about it. And, you know, we've got a – in our company, we do have an arm that focuses on some single family. Obviously, we are not the black rocks or the black stones.

We're the, you know, the middle of America that Trump is really trying to focus on right now. Trump's focused on mainstream America, not Wall Street. And I'm proud to say I've not ever taken Wall Street money. I work with, you know, just good, hardworking American investors like myself to put our capital to work so that our capital is working as hard as we've worked for it. And at the end of the day, there's a huge need for affordable housing. And so, you know, you've got these large, large hedge funds like Black Rock, Blackstone, KKRs that come in and. They may buy up a neighborhood. They may buy 400 houses in a neighborhood.

And when they go in and buy all those houses, let's say they find a neighborhood and they're buying houses at $250,000 on average per house. And they buy all 400 houses in this neighborhood and they turn them into rentals. But then they'll take about 10 of them and they'll turn around and sell it to a SPE or an affiliate entity of theirs for 400,000. Well, unlike with commercial real estate or multifamily housing where the value of the property is done based on income, a single family house, the value is done based on what the neighbor house sold for or another house in the area. Oh, so are you saying it artificially raises the comparables or the comps, right? Exactly. So they artificially inflate that, which boosts their balance sheet, which gives them stronger borrowing power. Because now instead of having a portfolio of 400 houses at a value of 250,000, they've got a portfolio of 400 houses at a value of 400,000. So now they can borrow more money and they can go duplicate the process. And they are making it much more expensive and much more difficult for any other families in the area to step in and afford to buy housing now. And so it's just exasperating the affordability crisis that we have in housing. And so, you know, we do, I do single families, but most of the single families we do, we turn around and we offer owner financing or some

sort of creative financing to an end buyer who is an owner occupant that may not qualify for a loan, but they can afford a good, reasonable first home or maybe it's a step up and home for them. And so, you know, there's a huge affordability factor, which still delivers a good return on investment for all of our investors and partners and ourselves as well. That sounds like a bit of, is it sort of a larger version of flipping homes almost? Is that what I'm hearing that you do? It is. We typically, I don't quote flip homes and play the speculative game where you know, you buy, renovate and immediately sale for cash or a traditional financing because in that game, you're you're really hedging and playing the market, which I think we all know that anybody that

plays in timing the market, whether it's the financial market or real estate, that's where you get caught with your pants down. And so in a market like today, where you've got in Florida, 5,000 homes on the market, adding another home to the market, you're just going to be a small fish in the water there and it's going to struggle to sell. However, if you have some sort of creative opportunity when you bring that home to the market, now you can stand out. And so our creative opportunity is owner financing is really what we typically do. Ty Lasseter of Lasseter Capital is with me this morning. When you first came on, Ty, you had mentioned that your company, Lassiter Capital,

invests a lot in multifamily, so apartments, townhomes, you know, that kind of thing. So you do a lot of that. Why is that okay, but you don't think that institutional investing in a lot of single-family housing is not so good? Could you illustrate the differences here? Yeah, I mean, so there's still, there's a massive shortage of housing in America. And America is quickly becoming more of a renter nation, much more like the UK. And we've got, you know, younger millennials, Gen Zs that are looking for flexibility in housing. They don't necessarily want to tie themselves into a 30-year mortgage.

And what we're looking at now is going to a 50-year mortgage. And, you know, the American dream has shifted a little bit. And the American dream is more flexibility. And so we're seeing more and more people look for safe, secure, and amenity-based housing that they don't have to have the responsibility of renovations and repairs. So they can walk in their door. They can feel safe at night. It's a guarded, protected property.

They can take their dogs out. They have, you know, maybe it's retail. on the bottom floor, restaurants and things like that, and housing for two or three floors above that. And so it's a lifestyle change. And furthermore, about 70% of America has always rented, you know, whether it's student housing, whether it's young professionals just getting started in their space or whatever the case may be, there's always a need for apartments. And with apartments, you can't have an individual owner of each of each unit it's not going to work that way yeah but the single family housing market is ownership yeah but single family housing market is really designed for the person who is

wanting to own and that and that's just it and so and essentially what you're saying is that that capital is getting out of its lane when it goes to the to the single family home is that kind of where you're going with this yeah very very much so i mean there's there is a kind of a a point to where housing that a level at which affordability is not necessarily the concern. It's more access to capital. And so you've got a bunch of blue-collar workers that may not have access for the capability to borrow like many professionals might. And so they can still afford to buy or rent a nice home, but they can't afford to go

or they don't have the qualifying factors to walk into a bank and get traditional financing. And so I think there's a space there for investors providing housing in the single family space. But when you bring in large institutionals, they have a means of causing in affordability throughout the space. And that's what we're seeing now because even if they're buying those and then putting back on the market at, you know, $400,000 or $500,000, which is double what they pay. for it, they're causing an affordability, or they're driving up the value of the home and they're increasing the rent, which is also causing an affordability. And so they're focusing on a market that is pushing out the blue-collar workers. And so that's where I think that fine line in

single-family housing is, is we've got to still have a product that our core American value people can afford to live. From the sounds of it, then you are fully on board then with President Trump's executive order on this issue, aren't you? Yeah, I'm definitely on board with it. And I think, like I said, there's going to be some nuances to it that allow the smaller investors that are focused on, you know, 10, 20, 100, maybe 200 single family homes in a portfolio. They're still going to be able to do that. But it's going to cut out that, you know, buy from one entity, sell to a partner entity. and inflate the value. It's going to, it'll do away with that. And I think that's where the problem

lies. All right, Ty. It's man or it's manipulating the system. Ty, that makes some sense. What I ask you a philosophical question is someone who, of course, works with capital and leverage and all the rest of it. Could one of the problems with affordability be the very fact of having a 30-year mortgage or a 40 or a 50, as they talk about now? It's like, what is a house worth, right? Well, a house is worth what's, someone can afford to pay for it. And I think that haven't we, in essence, artificially boosted the price of real estate through the use of a 30 or a 40 or a 50-year mortgage, as the case might be. Everybody focuses on the payment, rather. And so, I mean, what would

happen if we could only get 10-year mortgages or even five-year mortgages, which we once used to have? You know, there's a lot lower cost on real estate and land, et cetera. What do you think? Bill, you're going to go into another conversation that could be an entire interview. And this one, I argue about all the time. You know, I'm a big proponent of unless your passive cash flow can pay for your housing, then you should be renting. I rented until I had a strong, strong net worth that my investments could afford for me to have two places, two houses in different locations. And, you know, I lived on peanut butter sandwiches with a wife and a child for a long time in order to be able to do that.

So it was some sacrifice. But, you know, at the end of the day, the quote American dream that was positioned in the 1930s all came because Americans couldn't afford a home on a five-year mortgage anymore. And banks had to find out, you know, how can we be profitable? and their grand idea was, let's create this 30-year mortgage and tie people to their golden handcuffs indefinitely. And, you know, we've seen large, we've seen time periods where there's been large inflation and appreciation in the value of a home. And that helps a little bit. But, you know, when you're getting a 30-year mortgage, you're in essence doubling what the cost of your home is in most circumstances at a reasonable interest rate. You know, when you're in the five and a half to six percent, you buy a $300,000 home on a third.

year mortgage, you're paying almost $600,000 for that home. And so there's some really, you know, bankers aren't going to tell you this, but if you split your payment up and pay twice a month and or if you pay every two weeks, you get an extra payment for the year in, that is the best way to do it. If you pay that extra payment per year, you're going to pay your mortgage off in 15 years because, or a 30-year mortgage, because you're cutting down principles. once a year instead of all of that being applied to interest. To the very, and you're not paying off principle till the very end, right? That kind of.

Correct. And so I'm a huge proponent of not having a 30-year mortgage because really when interest rates are where they are today, you've got to live in your house seven or eight years for it to make sense. And many Americans aren't committing to being in a house that long anymore. They're just not. And so, you know, I think, you know, you should be focused as if you're a young professional that's considering buying a home, don't buy a home or buy a property, but make it an investment property or partner with a real estate investor that knows what they're doing and allows your money to start working for you so that when you, when you are ready to really settle down and buy a home, you're doing that with passive money, not your working capital. because, you know, whether you believe everything that Dave Ramsey says or not, the most important value that you have today is your income and your ability to create that

income. So put that income into opportunities that is creating additional income for you. Put your money to work as hard for you as you're working for it. And then once you've doubled your income because of your passive investment, then go buy a home. That makes a lot of sense. And now I get what you were talking about. In other words, the real challenge then for Gen Z is that they probably need to be mobile right now for their career, right? But if you're buying houses and churning through that and then just selling them every, you know, two or three years as you're moving around, you'll probably end up losing money ultimately, right? You know, the costs of sales and everything.

And so you're saying, so instead concentrate when you're a young person on buying the investment property. you move wherever you want, in other words, right, and wherever you have to go while you continue to grow your wealth and your passive income through the investment property. That's kind of what you're advocating right now? Absolutely. A little bit of short-term sacrifice for long-term financial gain. Absolutely. It makes a lot of sense. All right. But still, wouldn't we ultimately all be better off with a maximum of a 15-year mortgage? Really? Oh, for sure, because that inadvertently forces people to live on less of their income. And part of our biggest problem is we've tied ourselves to a 30-year mortgage so that

our payment for our home is no greater than 30 to 33% of our take-home income. And all we're doing is now tying ourselves, like I said, with golden handcuffs to this, to this property, that we can't move, can't move with us if all of a sudden our, you You know, I've had, before I had my own business, I had a job relocation change. And we had just, like, looked at, started to buy our first home. And that's what really shifted my mindset, because I all of a sudden realized, had I bought that home and a year later, my employer is moving me, I've now either got to sell that home and lose money on it because of closing costs and financing and everything. or, you know, what, luckily I had rented. And so it worked out perfectly, but with a 15-year mortgage, now you are forcing yourself

to be in a more affordable scenario. And it's creating better habits from a management perspective, from a financial stewardship perspective. And, you know, if younger generations right now realize that, and they started putting back towards their their future, their financial future, you know, you can, you can in five years with, if you live on 50% of your income in five years using the median household income today, you can have a million dollar investment portfolio, but you've got to have the, you've got to have the patience and the commitment to do that. And it takes work.

Ty Lasseter, CEO of Lassiter Capital. He's walking the talk, you know, as the case might be. Ty, once again, where can people find out more about this particular issue and your thoughts on it and what your services are in your firm? Absolutely. Check us out at Lassiter Capital.com, L-A-S-A-T-E-R-C-A-P-I-T-L dot com or any of the social media platforms with myself, T-L-Lassiter, or our company Lassiter Capital. Ty, really enjoyed the conversation. Thanks for joining in this morning. Good talk. Thanks, Bill, for having me on. You're welcome. 6-54. This is K-M-E-D, and you're on K-B-X-G.