Right About Now with Ryan Alford - Business News -US -Tok - Tariff Talk - Luka to Lakers - Sports Cards Booming
Episode Date: February 7, 2025SUMMARYIn 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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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.
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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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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,
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.
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
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
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.
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
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.
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
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.
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.
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.
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.
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
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.
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
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.
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
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.
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.
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.
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.
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
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.
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
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.
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.
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 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
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,
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
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
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,
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.
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.
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.
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?
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.
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.
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.
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
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.
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.
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.
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,
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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
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.
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.
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,
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
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.
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,
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.
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
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.
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.
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.
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
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
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
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.
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
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
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.
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,
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.
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.
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.
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.
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.
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.
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.
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?
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.
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
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.
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.
We love you, we appreciate you.
We'll see you next time on Right About Now.
This has been Right About Now.