Right About Now with Ryan Alford - Business News -US -Tok - Tariff Talk - Luka to Lakers - Sports Cards Booming

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. TAKEAWAYSOverview 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. 

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Starting point is 00:00:00 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 necks and cashing checks? Well, it starts Right About Now. What's up guys? Welcome to Right about now. So weekly business news recap of the week here on February 7th, 2025.
Starting point is 00:00:33 There's so much stuff happening. It's hard to recap it 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. 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.
Starting point is 00:01:00 Oh, wow. I didn't even know you were 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? Got to have the land of law or you have a land of anarchy. It's the news is becoming a land of seemingly anarchy, not anarchyarchy. It's just, it's just a volume of news, you know, typically it goes to show you the difference in administrations, Chris. I, there'd be a, you know, weeks where we do our little pre-call we get on the phone.
Starting point is 00:01:36 All right. What are we going to talk about? What's, what's, what's topical. And now it's like, uh, how many things can we fit in? Yeah. It's almost like we're getting all these updates every day of what's going 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. Almost as if like they know they work for us, you know, telling us what they're doing.
Starting point is 00:01:51 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 can, 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.
Starting point is 00:02:16 One, one would say it looks like progress to me, especially, uh, I mean, we got right with it. We'll see. Yeah. We'll start right with Doge. I did see as related to unrelated that a singer wore a Doge stress to the Grammys the other night. Uh, it was interesting. It was a writer, actually singer songwriter, uh, not well known. I'm gonna, I'll leave out names for the sake of that. It's more to kind of tee off the reality of, of what doge the
Starting point is 00:02:51 department of government efficiency is up to with Elon. A lot of backlash. We'll get to that. We'll, we'll, we'll tell all sides of this coin, but, uh, I saw where they're the things they've enabled saving the average American five, $490 something dollars, $468 everything they've done so far. It's quick. I'll take it.
Starting point is 00:03:16 Yeah. Took two weeks. 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 way you need to watch the YouTubes or the Spotify video to see the air quotes. I just held up doing jobs that may or may not be jobs. Yeah, I don't know Chris. You and I do jobs.
Starting point is 00:03:44 I don't know if these guys 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 heard someone reference Elon's interview when he bought Twitter, right? And how he cut 80% 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.
Starting point is 00:04:02 You know, when you're running a business, you don't need that many people. If you're trying to run a social justice organization, on the other hand, which you 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.
Starting point is 00:04:20 We've been operating as a social, 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? What? Woke-ness? Yeah. Yeah. There's a word for that. Is it there? Well, well, yes. Yeah. Yeah. Yes. I don't get it folks. I did break out my, my woke t-shirt sometime. You know, I'd be perfect. Yeah. Well, it was time that ship has sailed. Sorry. Y'all. Doesn't like this, but you guys had your turn.
Starting point is 00:05:03 You fucked up. Luckily 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, and departments. I mean, we're essentially paying people to quit now because of how much inefficiency there is.
Starting point is 00:05:26 We're like, Hey, if you'll go quietly, right, you know, we'll give you a nice severance, nice severance. It's not like quietly like, Oh, cause the far is 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 are gonna 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
Starting point is 00:05:49 what it was you're actually doing, which was probably not much at all, it's really gonna piss people off and you're gonna become a target. You're gonna 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
Starting point is 00:06:09 for myself. I've had a hundred people underneath me direct reports and stuff like five or six with a hundred, almost a hundred 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. I know there is. So, and not because my people aren't good or they're like lazy or not doing their job.
Starting point is 00:06:37 There's just downtime and like, you know, inefficiencies. I know there are. We try, I think we're better than most and we try to get them out. So you're not, you're telling me, we 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. And no one's really talking about that part of this.
Starting point is 00:07:02 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. 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,
Starting point is 00:07:43 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. 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 skillsets, 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, you want it, you gotta take care of the rest of the ship. Yeah, you gotta take care of it.
Starting point is 00:08:30 When I say go down, 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 gotta 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
Starting point is 00:08:56 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 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 these things and act like a company, then you get to act and get the pressures that all of us feel every day. Right. Hello. Welcome to 2025. So again, we can argue or we can agree
Starting point is 00:09:30 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 have a lot of people with money.
Starting point is 00:09:52 We're printing money. There's issues. Radical change takes radical decisions. And so it's going to be messy a little bit. Can't make everybody happy. 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're, they know that they can't go, Oh, I'm actually, they are not going to argue that they're actually
Starting point is 00:10:20 doing something worth value. They're just going to argue about the way that it's going down. Exactly. Right. It's like, so it's just foolishness. It's a fight to fight, you know, well fight and Hey, who, 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.
Starting point is 00:10:49 Right. I guess a lot of people would. I thought this is on the list next on the list. This is too interesting not to bring up next. Chris Trump says American sovereignvereign Wealth Fund could acquire TikTok. I was an American. I was not aware of the American Sovereign Wealth Fund
Starting point is 00:11:13 personally. I don't know if that's new. Okay. Yeah. They announced it this week of creating one. And is that wild if they do and TikTok is our first American sovereign fund investment? It's pretty good first investment.
Starting point is 00:11:29 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 because this happens, has essentially had control of TikTok, one of the most powerful social media platforms on the planet. Why shouldn't the US government? Why, why wouldn't we want, you know, why would you rather the Chinese national government or communist government have power versus the US.
Starting point is 00:12:05 Well, I think that needs to be exaggerated here. TikTok is the Chinese communist party, right? Yeah. Would you rather them own it or your children on there all day? 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.
Starting point is 00:12:36 It's owned by bike dance. No, no. We'll start this battle royale with the acceptance that the Chinese communist government owns and controls their, you know, controls, owns the businesses that are running their company and 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 and you love to talk.
Starting point is 00:13:07 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 loop. That's a loss for you, bud. So, uh, President Donald Trump suggested that a newly created
Starting point is 00:13:21 U S sovereign wealth fund could acquire TikTok to prevent it from being banned in the US. TikTok has until April to find a new non-Chinese owner or face a US ban. Trump floated the idea of the US 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.
Starting point is 00:13:53 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 to make that con you you know, versus the Chinese communist government that now it's okay. Well, it's not beholden 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
Starting point is 00:14:18 it. They don't understand the app you're currently using is government owned, but not your government. Congrats. Here's the here's some quotes from users expressing concern. 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, Oh my God. Depending on what country it's the Chinese communist government. Like if you're on the Internet, oh, my God, what country it's owned by the government.
Starting point is 00:14:48 Someone else said it is absolutely effing dystopian. Why is the government owning social media? Are they aware that China sent? What is the great? What is the GPA? What is the IQ of the average TikTok user? 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. I'm not bad mouthing every single person. There's billions of people on the platform, but just, are you kidding? Really? This is who we're talking about. Like, do you understand bite dance, a Chinese company and Chinese companies are controlled, controlled by the Chinese communist government and you're saying
Starting point is 00:15:41 dystopian and you're saying, I don't want a platform that's owned and monitored by the government. Like people were at war with China. Yeah. It hasn't been made clear. We've been in a war. Like we're just not in a war of bullets. Yeah.
Starting point is 00:15:56 That shows how stupid our own citizens are that they would fight for something that essentially is against your own survival. Yeah, exactly. It blows my mind. It's just, you 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 ins and outs of the sovereign wealth fund and who manages all that.
Starting point is 00:16:20 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 in Chinese communist hands, government is asinine. So let's just end that there. This is this, this is the Royal rumble.
Starting point is 00:16:44 You just got thrown out into the 10th stand, like, like 10 rows. 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 even really prepared. I had, you know, look, busy team. We go through the articles, we know what we're going to talk about, but I hadn't read every quote. I didn't really get fired up till I read every quote from that.
Starting point is 00:17:05 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 we did, that you deal with, like in reading the news and seeing the interpretations. That's what we say. We take the bullshit out of the, this isn't a, this is a partisan. I'm just saying it's, it's asinine to have this conversation about government control
Starting point is 00:17:28 of the social media when we know what's going on here. So yeah, taking the bullshit out of business, no BS, just straight facts here. I mean, there's some, we get paid for our opinions. However, some of this is just factual. Let's do our homework, people. Yeah. There's no opinion here. This is straight facts.
Starting point is 00:17:56 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 root on yesterday, news articles, tariffs in place, and everything with usbs, no packages, no more packages, you know, from China
Starting point is 00:18:17 with the $200 limit, whatever. But as of this releasing tariffs, we suddenly, you know, Canada and Mexico comes, coming to the table, which is what this is meant to be do. It's called a tactic people. Yeah. It's called negotiating. Negotiation. Little thing done in business daily, if you're not familiar.
Starting point is 00:18:42 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. Yeah. 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. It's the key metals.
Starting point is 00:19:23 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
Starting point is 00:19:53 of these natural resources that that's where China is gonna hit us. And I could see there's gonna 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 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
Starting point is 00:20:13 tariffs, I have a friend, he's, he makes leather gloves. Some of them he makes in China, and he goes, well, you know, your friends in America are gonna have to pay 10% more now. And I'm like, hate to break it to you, bro, but no one gives a shit. Like people are more concerned with paying $12 for eggs, right? We need to get our fuel costs, our energy costs down,
Starting point is 00:20:34 all of our natural resources, the things that make us rich, right? So that's my opinion on the matter. I think it is gonna be kind of slow. It's gonna be rocky. And look, but we gotta get them talking. Look, the trade deficits with all these countries is ridiculous, how much more we're bringing in
Starting point is 00:20:51 than what we're sending out. So there's gotta be some balance. We'll find it. We'll find it. It's gonna be rocky getting there, but you gotta find some balance. And status quo isn't good enough. It's going to be rocky getting there, but you got to find some bounce and status quo isn't good enough. It's not. If you're fooling yourself, if you think, well, I don't, you know, let's not rock the boat too much, you know, no, you need some swing. You got to start having some
Starting point is 00:21:18 of these discussions because it gets real interesting. We can get comfortable in business with what's comfortable today, 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. 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 tariffs in, tariffs out, started at USPSPS delivering, not delivering now delivering. Okay. But we're getting conversations started. I think Donald's, I look like love, dislike,
Starting point is 00:22:16 whatever with the administration. He's kind of getting the, you know, like when you, if you shake someone's hand with one of those zappers, the jolt, we're getting the little jolt here. Like it's, we got to get some jolt happening. Like joke, Cola. Remember that Chris, you ever had a little joke Cola? I was before energy drinks. That should taste terrible, but I drank it, man.
Starting point is 00:22:42 I'd get a little, I was like 14 or something. I don't know what's going on. That was before like we knew everything. It's kind of like, you know, you smoke on planes too, I guess. You know, Joe Cola, like, you know, 400 milligrams of caffeine for a teenager or like a good idea. Yeah. Good idea. Not a good idea.
Starting point is 00:23:00 But, uh, that's terrible. 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. So we'll see big trade in the NBA. Thought this was interesting. I wouldn't normally talk about it. But when two of the best players in the league, there is a business impact.
Starting point is 00:23:21 And hey, we're into sports. My kids are into it. I got my sports cards here. I'm going to talk to that brought another pack folks. I sent out a couple of packs this week. Couple more. Hey, DM me. So did you pack?
Starting point is 00:23:34 Hey, but look, Luca, Don, Don chick. I always, always hard times. I'm saying his last name, Don, Don, Don chick. Got that interesting accent, but I, I like Luca. My kids like him too. Luca traded for Anthony Davis, Dallas to LA. Donchik, got that interesting accent, but I like Luca. My kids like him too. Luca traded for Anthony Davis, Dallas to LA. This is at Shockwave.
Starting point is 00:23:51 I did not see this coming. You know, watch just enough basketball to kid to keep up with it. AD's a lot older, like six years older. Luca's 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.
Starting point is 00:24:06 So why is Luca getting traded? Well, I don't know. It seems, uh, bizarre at best. Uh, I don't think they got along. I saw a video, Chris, this is interesting. They showed a video. I'd never seen this video. It's funny where they, where these videos pop up to sort of prove the point.
Starting point is 00:24:25 Lucas, what is probably top five, top three players in the league. Some of the say the best right now place for Dallas. And last year they won like a playoff series and he was having a beer in the hallway after the victory, 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 you celebrate with a beer and they, sometimes they pop champagne stuff. And like the president of operations grabbed the beer, like walked by him and like kind of put his arm around one of their, took the beer out of his hand and
Starting point is 00:24:56 walked away. It was just, it was non-confrontational. It was just like, and Luca just kind of looked at it's like, 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 Mike, I don't, you know, I don't see his personal workout regimes. I don't know, but interesting trade nonetheless and big shock waves.
Starting point is 00:25:21 I know you're not like a gigantic NBA fan. Did you know this had gone down? I did see this come across one of the social media things. I just saw like shocking trade, but I have no idea what the details are, who it involved. Yeah. It's short-term. It might be good for Dallas because they, they have Kyrie Irving.
Starting point is 00:25:40 And so they've got offense. They've got some other players. It might make them better. Like for about this long, but long-term it's a better win for the Lakers. The interesting how Luca and LeBron James play together. Haven't seen comments from LeBron. It actually goes to show you, you know, in this world where you fight, the players kind of control everything now.
Starting point is 00:26:00 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, uh, home affordability crisis, taking a toll on America's young adults. Interesting. We, I've been, it's a man on the street stuff for one of our official sponsors, independent center, go to independent center.org, sign up for their newsletter, nonpartisan stories and advice and data
Starting point is 00:26:35 straight to your inbox, independent center.org. They knew it's some stuff like man on the street going to ask people, Hey, what do you think of the American dream? Still alive And well, yes or no, those kinds 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 absolutelys, 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, and the services that I offer, like
Starting point is 00:27:11 for the eight same, I haven't been able to raise my prices 30%. Got to pay people a little bit more, but their salaries haven't doubled, but I'll be damn if you're, if 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 look, can't fight progress.
Starting point is 00:27:53 Not fighting it. But it doesn't change reality. You know, whether we're fighting it or believe in it or not, doesn't change the reality. So it says, home ownership 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.
Starting point is 00:28:15 Without strategic shifts. We're watching an entire generation get priced out of the American dream. It's from Fox business.com. All you think about this Chris. out of the American dream. It's from Fox business.com. All I can say is, uh, amen. I'm glad Fox is talking about it. Cause this means that, uh, the boomers will understand this because I mean, I've seen this with people I know, my family, friends of mine, you know,
Starting point is 00:28:41 I hear it just here in Florida, especially growing up, 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, I it seems like a genie That's hard to put back in the bottle, right? I think it would help with the interest rates. We're going to have to have a correction, right, with the real estate market. And I think
Starting point is 00:29:09 it's unfortunate. Everyone feels like they'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 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 essentially have a bunch of empty neighborhoods that, you know, full of, or you're going to have just neighborhoods full of renters. Yeah. And here's what it says, this is from Tom Spath, Easel Properties. Ten years ago, 50% of homes were affordable for young families.
Starting point is 00:29:42 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 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, developers will 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. And that would change some of this,
Starting point is 00:30:22 wouldn't it? Cause if I'm a homeowner too, in my neighborhood and 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 gotta change.
Starting point is 00:30:36 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, 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 see happening. And look, I have, I own a rental property, a few of them. And so I'm, I can understand both sides of this. It's tricky, but I think you need to have a percentage that's at least owned by the
Starting point is 00:31:31 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, go on both sides here, take the BS out. Like for myself as an investor, the people that are renting from other properties that I own would not ever, they would not have been in 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. and the jobs and the realities of their credit.
Starting point is 00:32:05 And it's just the reality. So we're getting, 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. of what people can afford and what they should cost.
Starting point is 00:32:46 And thus we're just gonna decide that no one's gonna own homes. But I will say, and a lot of people do, that that genie's probably not gonna go in the bottle. And if you want, and part of your American dream is to have ownership of land, parcel, a 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 renter's world.
Starting point is 00:33:20 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 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, what's your American dream? Is your American dream to have 10 acres
Starting point is 00:33:52 in the middle of nowhere? It changes every day. That's my mood. You don't know. Yeah, but I don't know if I want it in America. Might be in fucking Spain. It's all gonna depend on kind of what goes on here, but you get to a point where you gotta go
Starting point is 00:34:08 where your money gets you the most, you know what I mean? And you see that, you see that's why you have, and this isn't just in America, even in Europe, they're going through a very similar thing where, people are moving to Bali and Thailand and over here, Colombia and Mexico, because your dollar goes farther. It's like, why slave away here if you can work remote
Starting point is 00:34:30 and live somewhere your money goes farther? You know, I mean, I'm strongly considering doing some time in Colombia. 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 too, right? I'm trying to build my wealth.
Starting point is 00:34:49 We're building companies and so no part of me has 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
Starting point is 00:35:05 to be able to jump into opportunities. And I've seen that in my life, right? I've moved a lot. I've lived in a lot of different cities. So I think it's a stage of life. I do think like if you start thinking about 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, South Carolina woods, you know, like to start saving for that or to have that to go to winter if you
Starting point is 00:35:33 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.
Starting point is 00:36:06 I will say I did talk last week. Want to give a shout out to Sarah Saunders at resumebuilder.com. They put out the article this week, 44% of Americans lying in the hiring process. They've got a press release out. You go to resumebuilder.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,
Starting point is 00:36:33 but pretty amazing. This is nearly half of Americans. I'm a good marketer, so sometimes I find myself like my wife will catch me sometimes, like not lying, but like I 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 find out on my resume, by the way, I've been an entrepreneur for eight years now, but more like, okay, all right, I'm only going to find, you know, there's a difference between marketing and lying.
Starting point is 00:37:09 So, uh, be a good marketer. Don't be a good liar. Uh, that's the key. Also say, don't let, uh, don't, don't let the truth get in the way of a good lie. Well, then that are good story. So, uh, yeah, anyway, I digress. Don't lie on your resume doesn't help play the long game. I've been there.
Starting point is 00:37:29 We've all done like stupid shit in our lives. And, you know, we've all told lies at some point. I just they they compound, man. So it's never good. You agree, Chris? Never, never lie. Karma will get you. Karma will get you.
Starting point is 00:37:49 Just one way or another. We appreciate Resume Builder for sending in those stats. ResumeBuilder.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 drink exponent dot com and drink exponent on Instagram.
Starting point is 00:38:16 Plant based zero sugar, zero bad stuff. All the good stuff keeps me powered up. No crash. None of that sugar buzz. None of those calories. Hey hey it's it's 70 something degrees out here i got the one pack showing i gotta 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 cokes, none of the sugar stuff, plant-based, fusion energy, drink exponent. The official energy drink of right about now. We appreciate them.
Starting point is 00:38:55 Got the packs, baby. Sports card 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. So I had a name idea. So Break, instead of, you know, Breaking Bad, Breaking Rad.
Starting point is 00:39:22 For a card shop or a sports card podcast, breaking rad. Cause hey, you want a rad. Copy the Breaking Bad logo. Exactly. Yes. That'd be a good, that might be, that might be, I decided to do a third show and I, and I cloned myself, Chris. It might be that. So one pack open, hey, this could be a good sign. We didn't even talk about it.
Starting point is 00:39:44 That's how much stuff is going on, Chris. 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 and I opened one pack on today's episode. And guess who's on the front, baby. Who's on the front? on today's episode and guess who's on the front, baby. Who's on the front?
Starting point is 00:40:05 Saquon 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. I opened the pack, unopened, and it's Saquon, the best running back. That could be a sign for you Philly fans.
Starting point is 00:40:22 You might want to put some money down on Philly women. 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 Saquon's here. We got Saquon and then, Hey, Brian Thomas Jr. rookie, that's a nice $'s here. We got say Kwan and then a Brian Thomas Jr. Rookie That's a nice $10 card right there Best ride receiver for Jacksonville. Anyway, we pretty we appreciate Panini
Starting point is 00:40:56 Makers are the best sports cards NFL prism sports cards. Go check them out They just had a new release today say Kwan on on the front, it's gotta be a sign. Chris, any final words? Have a good weekend, everyone. Yeah, we 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 00:41:20 And you know where I am, at Ryan Alford, Ryanisright.com. All the highlight clips, the full episodes. And you never know what's gonna 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, show all the good stuff.
Starting point is 00:41:40 We love you, we appreciate you. We'll see you next time on Right About Now. This has been Right About Now.

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