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Episode Date: February 7, 2025

SUMMARYIn this Weekly Business news episode of "Right About Now," hosts Ryan and Chris discuss key business news, including government efficiency, social media ownership, and trade policies. They crit...ique government job productivity, referencing Elon Musk's initiatives to streamline operations. The hosts also debate the potential U.S. acquisition of TikTok, arguing it would be preferable to Chinese control. Additionally, they explore the impact of tariffs on trade with China, Canada, and Mexico, emphasizing the need for strategic economic measures. The episode blends informal conversation with critical analysis, urging listeners to stay informed about evolving business and political landscapes. TAKEAWAYS Overview of current business news as of February 7, 2025. Discussion on government efficiency and recent initiatives aimed at improving productivity. Examination of the potential acquisition of TikTok by a U.S. sovereign wealth fund. Analysis of the implications of tariffs on trade, particularly with China, Canada, and Mexico. Insights into the challenges of home affordability for young adults in America. Commentary on a significant NBA trade involving Luka Dončić and Anthony Davis. Exploration of the impact of rising living costs and stagnant wages on homeownership. Concerns about the role of private equity firms in the housing market. Reflection on the broader economic landscape and its effects on the American Dream. Emphasis on the need for policy changes to address economic equity and housing issues. If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE.  Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding.  Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel  www.youtube.com/@RightAboutNowwithRyanAlford. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Starting point is 00:00:26 Details at Lose.com slash terms. Subject to change. This is Right About Now with Ryan Alford, a radcast network production. We are the number one business show on the planet with over one million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping next and cash in checks? Well, it starts right about now. What's up guys?
Starting point is 00:00:54 Welcome to Right About Now. It's a weekly business news recap of the week here on February 7th, 20, 25. There's so much stuff happening. It's hard to recap at all. But we're going to hit the highlights here. Myself and my hombre down in Miami. What's up, Chris? What's good, brother?
Starting point is 00:01:16 How are you? Yeah, I'm good, man. You haven't been deported, have you? No, I'm still hanging down in Miami Beach, baby. You got your papers? No. My dad did immigrate legally to this country, so I'm set. Oh, wow.
Starting point is 00:01:30 I didn't know you're like second generation. Yeah, man. I'm grateful. Proud to be an American. We're all immigrants on some level, but, hey, we got to do it the right way. That's the whole point, right? You got to have the land of law or you have a land of anarchy. It's the news becoming a land of seemingly anarchy.
Starting point is 00:01:53 Not anarchy. It's just it's just a volume of news. you know, typically, it goes to show you the difference in administrations, Chris. There'd be, you know, weeks where we do our little pre-call, we get on the phone, what are we going to talk about? What's, what's topical? And now it's like, how many things can we fit in? Yeah, it's almost like we're getting all these updates every day of what's going on,
Starting point is 00:02:18 almost as if, like, they know they work for us, you know, telling us what they're doing. Yeah, right. It is amazing what happens. And look, no matter where you fall politically, you've got to acknowledge the fact that shit's happening, you may or may not like it depending on where you fall. But that's not the point. The point is we have policies being enacted. We have, I don't know, progress. One would say, it looks like progress to me, especially, I mean, we'll start right with.
Starting point is 00:02:54 We'll start right with Doge. I did see related to unrelated that a singer wore a Doge stress to the Grammys the other night. It was interesting. It was a writer, actually, singer-songwriter. Not well-known. I'm going to, I'll leave out names for the sake of that. It's more to kind of tee off the reality of what Doge, the Department of Government Efficiency, is up to with Elon.
Starting point is 00:03:28 A lot of backlash. We'll get to that. We'll tell all sides of this coin. But I saw where the things they've enabled saving the average American $490-something, $468, everything they've done so far. It's quick. I'll take it. Yeah. Took two weeks.
Starting point is 00:03:49 And a lot of, there's a lot of layers. going on with our government. A lot of people getting paychecks, a lot of people doing jobs. This is why you need to watch the YouTube's or the Spotify video to see the air quotes I just held up, doing jobs
Starting point is 00:04:07 that may or may not be jobs. I don't know, Chris, you and I do jobs. I don't know if these guys are doing jobs. Well, I've heard I heard someone reference Elon's interview when he bought Twitter, right, and how he cut 80
Starting point is 00:04:24 percent or they left of Twitter's workforce and they were interviewing him and he's like it turns out you just don't need that many people you know when you're running a business you don't need that many people if you're trying to you know run a social justice organization on the other hand which he's saying basically Twitter was pre him acquiring it so and that's kind of the sentiment I felt towards our government it's like we haven't been operating as a business we've been operating as, you know, a social justice center. Yes, social justice, equity, and making sure all the stories match what we want them to be versus what they really are. It's called, I don't know, there's a word for that, isn't there?
Starting point is 00:05:13 What, wokeness? Yeah. Yeah, that's over. Sorry, folks. See that, I didn't break out my woke t-shirt sometime. you know, that'd be perfect. Yeah.
Starting point is 00:05:24 Well, it was time. That ship has sailed. Sorry, I know it doesn't like this, but you guys had your turn. You fucked up. Luckily,
Starting point is 00:05:35 it was a really quick one, you know. It was a quick turn. But Doge is uncovering all kinds of costs, cutting out jobs and people that, uh, and departments. I mean, we're essentially paying people to quit now because of how much inefficiency there is.
Starting point is 00:05:56 We're going, hey, if you'll go quietly, you know. We'll give you a nice severance. Nice severance. It's not like quietly like, oh, because the far as necessarily. But something tells me these people that don't take the check are going to end up out on the cold anyway when these departments fold. Well, and also it's like don't take the check. All right. Well, then when they start exposing what it was you're actually doing, which was probably.
Starting point is 00:06:20 probably not much at all. It's really going to piss people off and you're going to become a target. You're going to be a target of the pissed off American people if you had one of these useless jobs. Chris, let me say this. I've run companies, departments for other, you know, run business for other people and for myself. I've had 100 people underneath me, direct reports and stuff like five or six with almost 100 people. I've had 30, 20, and now we run a really lean team, 20 or less. And there's waste in what we do.
Starting point is 00:07:00 I know there is. So, and not because my people aren't good or they're like lazy or not doing their job. There's just downtime and like, you know, inefficiencies. I know there are. I think we're better than most and we try to get them out. So you're not, you're telling me, we, we know. know there's a lot of inefficiency going on and a lot of jobs that aren't really jobs. And we knew that AI was going to come also and take a lot of jobs.
Starting point is 00:07:29 And no one's really talking about that part of this is not only they're not efficient, but are these jobs even needed anymore? Yeah, what jobs have been replaced by in government from AI? I don't see that article. Right. You know? I'm sure we'll hear about it soon. And look, I understand the human impact of this.
Starting point is 00:07:48 I am not vouching for, oh, let's fire everyone and hire robots or train robots. I'm not saying that, but I'm saying you either adapt to the market and you tune your skills and what you do to today's market to meet the demands of companies, people, things, to warrant the money you're paid, or you don't. You have that choice. And if you don't, and you're given ample time to prepare and make those choices, you don't just keep getting the check. Sorry. And that's just reality.
Starting point is 00:08:34 There's things that my marketing agency used to do that AI has replaced. Do you think we've just sat around and not picked up new skill sets, new things, and filled the gap? No. We've had to adjust. because daddy needs to eat so that he can feed his kids. You know, like you got to. And you got to take care of the rest of the ship. Yeah, you got to take care of it.
Starting point is 00:09:00 When I say daddy eats, I'm not saying take care of me. I'm saying like, I got, we got the company being daddy has to make money to pay and support everything else. And I also have some kids to feed. So, you know, like you got to adjust. You have to adapt. That's the real market. The government's tried to become, okay, act like the real market and do all these things and hire all these people and do all these things, but they've never had to really do it because they can hide behind all this bureaucracy and have all these jobs that don't really do much of anything. When if you're going to be in collect all this money and do all this things and act like a company, then you get to act and get the pressures that all of us feel every day, right?
Starting point is 00:09:48 Hello, welcome to 2025. So again, we can argue or we can agree or we can talk about the way it happens. I think right now I think the sentiment is, okay, it's the way it's happening. We're choosing to point to that the way that it's going down. But look, radical change, which is needed. We have deficits. We got a lot of people money. We got, we're printing money.
Starting point is 00:10:23 Like, there's issues. Radical change takes radical decisions. And so it's not going to be, it's going to be messy a little bit. Can't make everybody happy. Can't make everybody happy. You know, so right now I think everybody's battling over the way it's going down for the most part. They don't like it's happening too, but they know that they can't go, oh, I'm actually, they're not going to argue that they're actually doing something worth value. They're just going to argue
Starting point is 00:10:53 about the way that it's going down. Exactly. Right? So it's just foolishness. It's a fight to fight. You know, I want to fight and hey, who wouldn't want to hold on to their job and their titles and everything they do that serves no purpose but keeps a paycheck in their pocket? pocket, right? I guess. A lot of people would. I thought this is on the hit list. Next on the hit list. This is just too interesting not to bring up next, Chris. Trump says American sovereign wealth fund could acquire TikTok. I was an American. I was not aware of the American sovereign wealth fund personally. I don't know if that's new. It's new. Yeah. They announced it this week to have creating one. And I'm, is that? wild if they do in TikTok as our first American sovereign fund investment.
Starting point is 00:11:57 It's pretty good first investment. We all use it. We all like it. We might as well all be shareholders of it, you know. And look, if the Chinese government, which controls all of their companies, we know this, this happens, has essentially had control of TikTok, one of the most powerful social media platforms on the planet,
Starting point is 00:12:19 why shouldn't the U.S. government? Why wouldn't we want, you know, why would you rather the Chinese national government or communist government have power versus the U.S.? That needs to be exaggerated here. TikTok is the Chinese Communist Party, right? Yeah. Would you rather them own it and your chill on their all day?
Starting point is 00:12:46 I'd love to fight over that. Come on the show and let's have that argument. Who would you, rather because you ain't going to win the argument over if the Chinese communist government controls their business. They do. So we'll start there. So the premise can't be, well, they don't really own it. It's owned by bike dance.
Starting point is 00:13:07 No, no. We'll start this battle royale with the acceptance that the Chinese national, the Chinese communist government owns and controls their, you know, controls. owns the businesses that are running their company, in their country. And so we'll start there. So if you want to have the argument that this is a crazy idea, you're probably 16 and live at home, if that's your argument.
Starting point is 00:13:36 And you love TikTok. Yeah. I'm going to give you the L, depending on which way I need to turn that, depending on the camera. We'll say it's that one. Yeah. That's a loss for you, bud.
Starting point is 00:13:45 So President Donald Trump suggested that a newly created U.S. sovereign wealth fund could acquire TikTok to prevent it from being banned in the U.S. TikTok as it has until April to find a new non-Chinese owner or face a U.S. ban. Trump floated the idea of the U.S. taking a 50% ownership position possibly with private investors. establishing a sovereign wealth fund would take time and may not be viable before the deadline the purchase costs could be in the tens of billions. The U.S. government owns TikTok. It could face First Amendment issues regarding free speech. I mean, again, it's comical. I'm reading this quotes.
Starting point is 00:14:35 You know, versus the Chinese communist government that now owns it. Okay. Well, it's not beholding to any of these laws. They don't understand it. That's where you just have a general lack of education of these users complaining about it. They don't understand the app you're currently using is government-owned, but not your government. Congrats. Here's some quotes from users expressing concern.
Starting point is 00:15:02 I don't think too many people want to be on a platform that is owned and monitored by the government. But you're okay that it's the Chinese communist government. Like if you're on the internet Depending on what country It's owned by the government Someone else said It is absolutely Fing dystopian
Starting point is 00:15:25 Why is the government owning social media Are they aware They're trying to send What is the grade What is the GPA? What is the IQ Of the average TikTok user?
Starting point is 00:15:36 Like what is it? Because this is the stupidest fucking quotes I've ever heard Like are you kidding me? Are you that blind? Do you know who owns this? Like, this is how stupid the users are. Not all of them.
Starting point is 00:15:49 I'm not bad-mouthing every single person. There's billions of people on the platform. But just, are you kidding? Really? This is what we're talking about? Like, do you understand Bytance, a Chinese company, and Chinese companies are controlled,
Starting point is 00:16:05 controlled by the Chinese communist government? And you're saying dystopian, and you're saying, saying, I don't want a platform to zone and monitored by the government. Like people, we're at war with China. Yeah. It hasn't been made clear. We've been in a war.
Starting point is 00:16:23 Like, we're just not in a war of bullets. Yeah. That shows how stupid. Wake up. Our own citizens are that they would fight for something that essentially is against your own survival. Yeah, exactly. It blows my mind.
Starting point is 00:16:35 It's just, it can't fix stupid. You can't fix stupid. And I don't know. Like, I don't know, like all the, there's not enough detail here on the ends and outs of the sovereign wealth fund and who manages all that. There's questions to be answered 100%. I'm not saying there's not a lot of stuff that would need to happen with this to be done the right way. But to argue for one minute that it's better off a Chinese communist and government is assonide.
Starting point is 00:17:09 So let's just end that there. This is the Royal Rumble. You just got thrown out into the 10th stand. Like 10 rows deep. You're getting me fired up today. I wasn't really prepared. I had, you know, look, busy team. Yeah, we go through the articles.
Starting point is 00:17:30 We know what we're going to talk about. But I hadn't read every quote. I didn't really get fired up. So I read every quote from that. And I'm like, are you kidding me? What are we talking about here? But this is this is some of the arguments that you have. You know, like this is some of the stuff that you deal with, like,
Starting point is 00:17:47 in reading the news and seeing the interpretations. That's what we say. We take the bullshit out of the – this isn't a bipartisan. I'm just saying it's assonide to have this conversation about government, control of the social media when we know what's going on here. So, yeah, taking the bullshit out of business. business. No BS. Just straight facts here. I mean, there's some of it. We get paid for our opinions. However, some of this is just factual. Let's, uh, let's do our homework people. Yeah. There's no opinion here.
Starting point is 00:18:24 This is straight facts. Yeah. Now talk to me about tariffs. Yeah. Tariff talk. Tariff talk. So as the way the world turns here, as the world turns, you know, the tariffs come, tariffs go. Like we started Rutan yesterday, news articles, tariffs in place and everything with USB, no packages, no more packages, you know, from China with the $200 limit, whatever. But as of this releasing, tariffs, suddenly, you know, Canada and Mexico comes to the table, which is what this is meant to be do. It's called a tactic people. Yeah. It's called negotiating. Negotiation.
Starting point is 00:19:07 Little thing done in business daily if you're not familiar. I don't think our last administration wasn't too familiar with how business functions. Yeah. So they both come to the table. We paused the tariffs to get to the negotiation table. We've got a 10% tariff on Chinese imports is still moving forward, prompting retaliation from China. I mean, yeah.
Starting point is 00:19:33 And look, I'll say this. There's, and Donald Trump said this. And I don't say this from a position of like arrogance or anything. It's just like reality. There probably will be some pain from this from for some people. But. I'll tell you where the pain is. It's the metals.
Starting point is 00:19:52 It's the key metals. It's they control a lot of resources that are used in our defense and our weapons. And I had a conversation yesterday and I can't say a lot about it. but essentially our natural resources, what's going to happen, these terrorists will impose until we can deregulate and start mining again. We need to be mining our own metals because right now China owns us when it comes to defense metals and we gave a lot of our supply to Ukraine. So we're not sitting on a whole natural pile of these natural resources that that's
Starting point is 00:20:25 where China's going to hit us. And I could see there's going to be delay in the time of we can get our own infrastructure pumping again, get our own mining and stuff going on, get our own. own source going, but that's not a quick process. You know, I think that's something a lot of us don't think about as a normal American, right? Even these tariffs, I have a friend. He makes leather gloves. Some of them he makes in China.
Starting point is 00:20:48 And he goes, well, you know, your friends in America are going to have to pay 10% more now. And I'm like, I hate to break it to you, bro, but no one gives a shit. Like people are more concerned with paying $12 for eggs, right? Yeah. We need to get our fuel costs, our energy cost. all of our natural resources, the things that make us rich, right? So that's my opinion on the matter. I think it is going to be kind of slow.
Starting point is 00:21:13 It's going to be rocky. And look, but we've got to get a talk about the trade deficits with all these countries. It's ridiculous. How much more we're bringing in than what we're sending out. So there's got to be some balance. You know, like we'll find it. We'll find it. It's going to be rocky getting there, but you got to find some balance.
Starting point is 00:21:33 And status quo isn't good enough. It's not. You're fooling yourself if you think, well, I don't, you know, it's not rock the boat too much, you know? No. Ben's going to swing. You got to start having some of these discussions because it gets real interesting. We can get comfortable in business with what's comfortable today,
Starting point is 00:21:59 with the assumption that it's going to stay that way. And that's a false belief. Everything changes. And if you aren't preparing for that change, if you aren't confronting it, then you're fooling yourself. That's in business. It's in politics and everything.
Starting point is 00:22:19 And so it doesn't mean that you can't enjoy the moment. But like, this is, these are just realities that need to be faced. So we'll see what happens. But tear us in, tear us out, started it, USPS, delivering, not delivering, now delivering. Okay.
Starting point is 00:22:38 But we're getting conversation started. I think Donald's, I think, look, like love, dislike, whatever with the administration, he's kind of getting, you know, like when you, if you shake someone's hand with one of those zappers, the jolt, we're getting a little jolt here. Like it's we got to get some jolt happening like jolt cola remember that Chris you ever had a little jolt cola that's before energy drinks that shit tasted terrible but I drank it man I'd get a little I was like 14 or something I who knows what's going on that was before like we knew everything it's kind of like you know you used to smoke on planes too I guess you know jolt cola like you know 400 milligrams of caffeine for a teenager or like a good idea yeah good idea not good idea But anyway, we need a jolt to some of these things to get the conversations happening. Because Sleepy Joe, it wasn't happening. And status quo wasn't good for anyone.
Starting point is 00:23:43 So we'll say big trade in the NBA. I thought that's interesting. I mean, I wouldn't normally talk about it. But with two of the best players in the league, there is a business impact. And hey, we're into sports. My kids are into it. I've got my sports cards here. I'm going to talk to that.
Starting point is 00:23:56 Brought another pack, folks. I sent out a couple packs this week. A couple more. Hey, DM me. Send you pick. Hey, but look, Luca Donchik. I always always hard time sounding seen his last name. Donchik, Donchik.
Starting point is 00:24:11 He's got that interesting accent. But I like Luca. My kids like them too. Luca traded for Anthony Davis, Dallas to L.A. This is shockways. I did not see this coming. You know, watch just enough basketball to get to keep up with it. A.D. is a lot older, like six years older.
Starting point is 00:24:28 Lucas in his prime, and a lot of people saying no one would ever trade like a prime, Jordan, prime, bird, magic. None of those would have, they would have never been traded. So why is Luca getting traded? Well, I don't know. It seems bizarre at best. I don't think they got along. I saw a video, Chris. This is interesting.
Starting point is 00:24:50 They showed a video. I'd never seen this video. It's funny why these videos pop up to sort of prove the point. Lucas is probably top five, top three players in the league. Some of the say the best right now. Plays for Dallas. And last year they won like a playoff series, and he was having a beer in the hallway after the victory.
Starting point is 00:25:08 They'd won the series. And I think they still had another series to go. But there was going to be like a two-week layoff or something. So like he was celebrating with a beer. And sometimes they pop champagne and stuff. And like the president of operations grabbed the beer, like, walked by him and like kind of put his arm around or whatever there, took the beer out of his hand and walked away.
Starting point is 00:25:28 It was just, it was non-confrontational. It was just like, and Luca just kind of looked at it. And people were saying that there was a little bit of odds that Luca doesn't work hard enough or is not in shape enough or whatever. And I don't, you know, I don't see this personal workout regime, so I don't know. But interesting trade nonetheless and big shockways. I know you're not like a gigantic NBA fan. Did you know this had gone down?
Starting point is 00:25:56 I did see this come across one of the social media things. I just saw, like, shocking trade, but I had no idea of what the details or who involved. Yeah. It's short term. It might be good for Dallas because they have Kyrie Irving. And so they've got offense. They've got some of the players. It might make them better, like, for about this long.
Starting point is 00:26:17 But long term, it's a better win for the Lakers. It would be interesting how Luca and LeBron James play together. I haven't seen comments from LeBron. It actually goes to show you, you know, in this world where you feel like the players kind of control everything now. I mean, the players had no idea, you know, like, up. So maybe the owners do still control this. And when they want to make a move, they make a move. We'll see.
Starting point is 00:26:46 Home affordability crisis taking a toll on America's young adults. Interesting. I've been doing some man on the street stuff for one of our official sponsors, Independent Center. Go to IndependentCenter.org, sign up for their newsletter. Nonpartisan stories and advice and data straight to your inbox, Independentcenter.org. They're doing some stuff like Man on the Street going to ask people, hey, what do you think of the American dream?
Starting point is 00:27:13 Still alive and well, yes or no, those kind of things. And the sentiment, you know, we're trying to go around and get the first answers. You know, you got a few of the absolutiles, which I tend to agree with myself. But then there's a few that, you know, just point out the fact that it, what I've noticed, which is a lot of salaries haven't changed while all these prices have gone up, you know, like, and I'll even say, like, in the services that I offer, like for the 8th day, I mean, I haven't been able to raise my prices 30%. Got to pay people a little bit more, but their salaries haven't doubled.
Starting point is 00:27:49 But I'll be damn if you're, if, if, uh, The grocery bill isn't doubling for all of us. So much less home affordability prices, you know, Greenville, South Carolina home of our studio and my home and I love it. And it's nothing really reflective of Greenville. But I've talked about this before houses that I owned 10 years ago that have doubled in pricing when salaries haven't doubled. You know, that's how I mean, no other income streams doubled. But that and look, can't hide for, can't, can't, can't, can't, can't, can't, can't, progress, not fighting it. But it doesn't change reality, you know, whether we're fighting it
Starting point is 00:28:28 or believe in it or not, doesn't change the reality. So it says, uh, homeownership is increasingly difficult due to rising interest rates, inflated home prices and stagnant wages. There we go, what we just said. Many young adults are forced into lifelong renting, unable to build equity. Without strategic shifts, we're watching an entire generation get priced out of the American dream. It's from foxbusiness.com. All you think about this, Chris. Amen.
Starting point is 00:29:00 I'm glad Fox is talking about it because this means that the boomers will understand this because I mean, I've seen this with people I know, my family, friends of mine, you know, I hear it just here in Florida, especially growing up.
Starting point is 00:29:14 I hear from whatever hometown people are from, all of them say I couldn't go back and buy a house there. everyone's priced out, right? Yep. So, I mean, it's, I don't know how you fix this. Yeah, I don't, you know, it seems like a genie that's hard to put back in the bottle, right? I think it would help with the interest rates. I have to have a correction, right, with the real estate market.
Starting point is 00:29:38 And I think it's unfortunate. Everyone feels like you're getting screwed, right? You got private equity coming in buying whole neighborhoods. And we saw this during COVID, right, where BlackRock was buying full neighborhoods to, to raise the prices and price manipulate. And now I think you're going to essentially have a bunch of empty neighborhoods that, you know, full of or you're going to have just neighborhoods full of renters. Yeah.
Starting point is 00:30:00 And here's what it says. This is from Tom Spath, easel properties. 10 years ago, 50% of homes were affordable for young families. Today, only 15%. Institutional investors are buying up. homes forcing young families into renting in lower quality neighborhoods, increasing financial stress and housing instability. There's more to this article that I'm going to bring up, but it does bring up an interesting
Starting point is 00:30:30 thing. If I was starting a neighborhood, like, you almost, if I'm going to, and I know there's both sides of the spectrum. Do you sell the houses? But just say, you have to live here, right? If you buy a home in this neighborhood, you have to live here. I can see that coming. I can see that coming.
Starting point is 00:30:48 And that would change some of this, wouldn't it? Because if I'm a homeowner too in my neighborhood in some group buys 10 of the houses, and then they're not occupied, my property value is getting fucked up. Yeah. You know? So something's got to change. And this is where I think people have been saying this, but I think when you have the data and the numbers to really support it,
Starting point is 00:31:14 where it shows, hey, we need a major shift in what we're doing in our economy because the numbers just don't. add up, right? I mean, you say on this train, you're going to have a full collapse of the real estate market. Oh, yeah. I mean, I don't think that this follows, like, what we want to be seeing happening. And look, I have, I own a rental property, a few of them.
Starting point is 00:31:46 And so I can understand both sides of this. the it's tricky but I think you need to have a percentage that's at least owned by the people that are there for new neighborhoods and things like that there's also the reality that there are people and I'm going to fight for going on both sides here take the BS out like for myself as an investor the people that are renting from the properties that I own would not ever they would not have been 10 years ago, 20, these people need to rent. That's their only option based on the lifestyle and the jobs and the realities of their credit. And it's just the reality.
Starting point is 00:32:36 So we're getting, I'm not, I'm not giving myself like some altruistic. Oh, I'm giving people opportunity. But in a way, they would not be able to afford to live in this house any other way but to rent it. So there's that balance of it. But you do, it's a slippery slope. And it can't artificially inflate the price of the houses based on, you know, institutional investors versus homeowners and the reality of what people can afford and what they should cost. And thus we're just going to decide that no one's going to own homes. But I will say, and a lot of people do, that that Jenny's probably not going to the bottle.
Starting point is 00:33:24 And if you want, and part of your American dream is to have ownership of land parcel home, do it in the next five years, make it happen. Because it probably isn't getting better. And we might move to this world where, you know, it's just a real. renter's world. I don't know. And part of me can understand that world where you don't necessarily have to own it to live there. But I think it also just depends on what you want to your goals and like to be. Like if you want to own it and retire there and be in the middle of nowhere and be bothered by no one, then you better start buying it now. We'll see. I don't know, Chris. I mean,
Starting point is 00:34:17 I mean, is your, what's your American dream? Is your American dream to have 10 acres in the middle of nowhere? Changes every day. Depends on my mood. Yeah, but I don't know if I want it in America. Might be in fucking Spain. It's all going to depend on kind of what goes on here. But you get to a point where you got to go where your money gets you the most.
Starting point is 00:34:40 You know what I mean? And you see that. You see that's why you have. And this isn't just even America, even in Europe. They're going through a very similar thing where. You know, people are moving to Bali and Thailand and over here, Columbia, and Mexico because your dollar goes farther. It's like, why slave away here if you can work remote and live somewhere your money goes farther? You know, I mean, I'm strongly considering doing some time in Colombia.
Starting point is 00:35:08 Like, the cost of living down there is way more affordable. Yeah. So we'll see. Because, I mean, at least where I'm at you, right, I'm trying to build my wealth. I'm rebuilding companies and so no part of me is ever one point I was under contract for a house. I'm glad it didn't work out. But I've always more kind of taken the Grant Cardone philosophy of like you don't want to purchase a house because it like anchors you somewhere and you're not as quick to be able to jump
Starting point is 00:35:36 in your opportunities. And I've seen that in my life, right? I've moved a lot in a lot of different cities. So I think it's the stage of life. I do think like if you start a wife and kids. Yeah. And I think. if you can afford it, and even whether that's going to be Columbia when you're 60 or, you know,
Starting point is 00:35:55 South Carolina woods, you know, like to start saving for that or to have that to go to winter if you want to, to not have. But I will say it's interesting because when you own the property, unless you still have income, you've got property taxes. You have cost that comes with. that home ownership. It's never outright owned with no cost other than, you know, putting food in it. And so it's, it's interesting. It raises a whole lot of other questions. It could be an episode alone. But we'll table that. I will say I did talk last week. I want to give a shout out to Sarah Saunders at Resumabilder.com. They put out the article this week, 44% of Americans lying in the hiring process.
Starting point is 00:36:49 They've got a press release out. You can go to Resumabilder.com. To see it, it's pretty interesting. So 24% have lied on their resume, 19% in an interview and 6% on the cover letter. We hit on some of these stats last week, but pretty amazing. This is nearly half of Americans.
Starting point is 00:37:10 I'm a good marketer, So sometimes I find myself, like my wife will catch me sometimes, like not lying, but like I'm not an exaggerator, but I like to talk things up. And like so it makes me like cognizant of this. And I don't have to be on my resume, by the way. I've been an entrepreneur for eight years now. But more like, okay, all right, what are you going to find, you know, there's a difference between marketing and lying.
Starting point is 00:37:39 So be a good marketer, don't be a good liar. That's the key. I also say, don't let the truth get in the way of a good lie. Isn't that our good story? So, yeah, anyway, I digress. Don't lie on your resume. It doesn't help. Play the long game.
Starting point is 00:37:59 I've been there. We've all done, like, stupid shit in our lives. And, you know, we've all told lies at some point. I just, they compound, man. So it's never good. You agree, Chris? Never. Never lie.
Starting point is 00:38:17 Karma will get you. Karma will get you. Just one more or another. We appreciate Resumee Builder for sending in those stats. Resumeebuilder.com. Finally, today, as I finish off this episode, you know, we're always fueled. You see the X's X always marks the spot. You know, I keep the energy throughout the episode high because of Exponent.
Starting point is 00:38:42 DrinkExponit.com and DrinkExponet.com. and drink exponent on an Instagram, plant base, zero sugar, zero bad stuff, all the good stuff. Keeps to be powered up. No crash. None of that sugar buzz. None of those calories. Hey, it's, hey, it's 70 something degrees out here. I got the one pack showing.
Starting point is 00:39:00 I got to get at least three going. You know, like the only way to do that is I can't be drinking my calories, Chris. No drinking calories. Can't. No coax. None of the sugar stuff. Plant-based fusion energy drink exponent. The official energy drink of right about now.
Starting point is 00:39:22 We appreciate them. Got the packs, baby. SportsCard Central is going on. Rad rips. And, hey, possible new show name. You know, when you, they call now, like when you open a box or something you share, it's called like breaking. Like breaking is like opening packs, like shared maybe something else.
Starting point is 00:39:42 So I had a name idea. So break, instead of, you know, breaking bad, breaking rad for a card shop or a sports card podcast, breaking rad. Because, hey, you want a rat. Copy the Breaking Bad logo. Exactly. Yes. That'd be a good. That might be, that might be, if I decided to do a third show and I clone myself, Chris, it might be that.
Starting point is 00:40:08 So one pack open. Hey, this could be a good sign. We didn't even talk about it. That's how much stuff is going on, Chris. Could be a sign. So a game, the big game, is Sunday. Super Bowl Sunday. We have Philly and we have Casey.
Starting point is 00:40:28 And I open one pack on today's episode. And guess who's on the front, baby? Who's on the front? Saquan Barkley, that is the running back that led the NFL this year and is the Philadelphia Eagles. That might be a sign, Chris. There's, I mean, there's 32 teams, man.
Starting point is 00:40:46 I opened the pack, unopened. And it's Saquan, the best running back. That could be a sign for you, Philly fans. You might want to put some money down on Philly winning. That's who I like, anyway, who I'm rooting for. My kids are all rooting for Pat, my homes, and the Kansas City Chiefs. The academic impact of the Super Bowl is like billions of dollars, but you can't deny that Saquan's here.
Starting point is 00:41:11 We got Sequin and then, hey, Brian Thomas Jr. rookie. That's a nice $10 card right there. Best ride receiver for Jacksonville. Anyway, we appreciate Panini. Makers are the best sports cards, NFL Prism sports cards. Go check them out. They just had a new release today. Saquan on the front.
Starting point is 00:41:34 It's got to be a sign. Chris, any final words? Have a good weekend, everyone. Yeah. appreciate everyone for making us number one. Chris Broby Hanson on Instagram. Go follow him. He's just as good looking on Instagram as he is on the show.
Starting point is 00:41:50 And you know where I am at Ryan Alford. Ryan is right.com. All the highlight clips, the full episodes. And you never know what's going to happen in those stories, baby. You never know. Rad rips, cars, all the fun stuff, none of the bad stuff. It's Instagram, baby. You don't show any of the bad stuff.
Starting point is 00:42:09 So all the good stuff. We love you. We appreciate you. We'll see you next time. We'll write about now. This has been right about now with Ryan Alford, a Radcast Network production. Visit Ryanisright.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.

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