The I Love CVille Show With Jerry Miller! - Trump Freezes $2.2 Billion In Grants At Harvard U; 606 Delevan St: $300K Ask, 2BR, 1BA, 864SQ, 1960

Episode Date: April 15, 2025

The I Love CVille Show headlines: Trump Freezes $2.2 Billion In Grants At Harvard U 606 Delevan St: $300K Ask, 2BR, 1BA, 864SQ, 1960 More Thoughts On Delevan St Listing (teardown) Niche Biz Incubators – What Would You Focus On? Is Holding Cash Right Play W/ Stocks Market Volatility? Selvedge Brewery On Ivy Road Has Model Dialed-In UVA Asks Fans For More $$ For Season Hoops Tickets Charlottesville Business Brokers Has Cash Buyers Read Viewer & Listener Comments Live On-Air The I Love CVille Show airs live Monday – Friday from 12:30 pm – 1:30 pm on The I Love CVille Network. Watch and listen to The I Love CVille Show on Facebook, Instagram, Twitter, LinkedIn, iTunes, Apple Podcast, YouTube, Spotify, Fountain, Amazon Music, Audible, Rumble and iLoveCVille.com.

Good Tuesday morning, Tuesday afternoon. Excuse me, thank you kindly for joining us. My name is Jerry Miller. It's good to connect with you guys. Through the Isle of Seville Network, a lot we got to cover on today's program. We have the Virginia Athletic Department asking for quite a bit of money. And by quite a bit of money, I quite a bit of money I'm talking about, we're talking yearly salaries if not more in some cases, to maintain season tickets

at the John Paul Jones Arena. The worst tickets are requiring a gift of $10,000. The best tickets are requiring gifts of 150 grand. Ladies and gentlemen, we will put in perspective what the University of Virginia is doing from a season ticket standpoint. And I do not, I see both sides of this. I understand the fan base that currently right now is absolutely up in arms, loyal fans that have stuck through Virginia athletics and Virginia sports through thick and thin,

that are saying, you guys want $150,000 for me, a gift, and then I have to pay for my season tickets on top of that. I get that. Unfortunately, this is the world of college athletics we live in, where Isaac McNeely, a third year at UVA, can transfer from Charlottesville, go into the transfer portal, and commit to Louisville, and earn more than $2 million in compensation

to play for a basketball team in Kentucky. Okay, it's the college basketball world we live in, where a senior at a local private school Commits to UVA to play basketball and he's rumored to be compensated 1.2 million dollars To throw a basketball in a hoop and that's Chance Mallory and that's st. Ann's Belfield Academy It's the world we live in we'll talk about the new five-year re-seating policy

where if you do not pay large sums of money to the University of Virginia, you will no longer keep your season tickets at the John Paul Jones Arena. A lot of folks are saying, how could this come out now when the team has struggled so much of late? And I get that, and my response to that will be, well, if the team needs to rebound, or if the team wants

to improve and rebuild, this is what needs to be done. I see both sides. I literally see both sides. We'll talk about it today. I want to talk on today's program. Harvard University, oh my, oh my, oh my. $2.2 billion, the Trump administration has frozen after Harvard rejects Trump demands.

The administration, Trump demands, included auditing viewpoints of the student body to address anti-Semitism at the expense of federal funding. The federal government last night said it was freezing more than 2 billion with a B and grants to Harvard after the school said it would not accept the Trump administration demands that included auditing viewpoints of the student body. This is a, I mean, it's a pissing contest, really.

And on one side you have what is probably the most prestigious university in the world, depending on how you look at it. And on the other side, you have a man in Trump who probably backs down from no one, who lately has genuinely flexed his muscles and said, it's not Musk who's the most powerful person in the world, it's me. I mean, he's driving market trends just by offering commentary,

and the commentary is being offered every day it seems, either on his true social platform, the Trump media platform, or just by talking with the media in press conference fashion. I wanna talk about the 2.2 billion in grants that are frozen, that is a scary proposition for institutions of higher learning,

and how it could or how it may apply to the University of Virginia. Ladies and gentlemen, this is a serious proposition that we need to talk about. And we're going to talk about it with Judahauer, with you, the viewer and listener, and as a family on the I Love Seville show. I wanna talk on today's program, more commentary on the Delavan listing. That Delavan listing, Judah Wickhauer, is gained a lot of chitter chatter

following our program yesterday. Some people are saying that's the value. Other folks like Deep Throat are saying this is an assessment nightmare and the algorithms are completely wrong. The value offered for the structure on the dirt in Fifeville is nowhere near what the true value of that structure is. It's a tear down. Rob Neal shares his perspective on yesterday's program that I want to highlight. I thought it was very good. Regardless, Delavan, a home built in 1960 that has an asking

price on Zillow of 300 grand, an LLC that Deep Throat has sleuthed out, an LLC owned, he says, through his investigation online by a Lebanese banker is just a startling indicator of just how expensive this market has become. We'll give you the photos and we'll give you more of our take, our analysis on the I Love Seville show. Ginny Hu wants me to remind everyone that today is five cent cone day at Coors Brothers. Five cent cone day at Coors Brothers.

Thank you Ginny Hu for that heads up. We always appreciate one of the key members of our family sharing positive trends and speaking of positive trends, I again have been very impressed with what Selvage Brewery is doing on Ivy Road. I want to highlight some of that positive perspective of my family's interaction on what is quickly becoming one of the top-notch breweries in the greater central Virginia area and that's salvage on Ivy Road across from Borset. The food is good, the menu is priced fairly, the beer is very good, the service is very good, and it's becoming the 2025 version of a family outing.

It's interesting to say that in 2025, families with young children are going to breweries for their food, their dinner, their dessert, and their drinks. When I was growing up in 2025 with my parents, we would go to like Ruby Tuesdays or like Applebee's or like Bennegan's or like Friendly's, TGI Fridays. Remember if you are of let's say an age what maybe 35 to 55, when you were young and you

were going out for a family dinner, that family dinner often included one of these national chains, like the Ruby Tuesdays, the Applebee's, the Chili's, the Benegans, the Friendly's, and like a Pizza Hut. Remember the pizza buffet at Pizza Hut? You could go play a tabletop Miss Pac-Man game, get the pizza grease from the deep dish pizza on the tabletop, Pac-Man, you could pick all kinds of pizza out of the buffet. Now the time has completely changed and the young family is eating out, not at a Benny

Ginn's or a Pizza Hut or a Ruby Tuesdays or Applebee's. Instead it's going to a place like a Selvage Brewery or a Pro Renata and I want to talk about why that trend has changed on today's show. I also want to have the conversation we didn't get to yesterday. What's the niche incubator that should be launched in the Charlottesville area?

We talked about the positives that New Hill is doing, Yolanda Herald with Beacon Kitchen in the Cathy's Shopping Center over in Belmont. The Cathy's Shopping Center is where Belmont Pizza used to be located. It's owned by the Charlie Lewis, the Charlie and Chuck Lewis family. The Charlie and Chuck Lewis family also own New York Place on the downtown mall, and a couple of other buildings in downtown Charlottesville.

They are, as far as I know, the only African American family, the only black family in the city of Charlottesville to own a shopping center. And I'd like to be proven wrong on that. If someone knows of another family or group, African American or black that own a shopping center in the city of Charlottesville. Please prove me wrong, but from what I can tell,

that's the only one with the Cathy Shopping Center in Belmont, where Belmont Pizza used to be. And Yolanda Herald and New Hill, which is a nonprofit that prides itself in empowering marginalized communities through financial literacy improvement, through entrepreneurship, through business savvy and acumen, through experience and networking. They've launched an incubator, Beacon

Kitchen, that is basically trying to foster the next generation of food and beverage entrepreneurs. Great work for Yolanda Harrell, great work for New Hill, great work for Beacon Kitchen. I salute you. I'm giving you props. Nothing but props. I asked yesterday if fostering the next generation of business owners and entrepreneurs in a category of business that is experiencing significant headwinds was the best play, regardless anyone that gets into business and is willing to do the work, I applaud you as someone who on the 29th of May will have been self-employed for 17 years.

For 17 years I've woken up as the leader of an organization and tried to figure out strategies to drive incremental revenue for our firm while keeping our existing clients happy and in the black. A wise man once told me, my mentor, Bill Nichman, who owns a boatload of real estate in the city in Almar County, at one time he owned, was one of the top five or ten owners of real estate in Charlottesville and Almar County. I worked next to this man in his building on the downtown mall, the professional center,

for 18 months. I picked his brain nonstop. And he said, Jerry, the key to business is not just finding new business, but it's keeping existing customers and relationships and clients happy. That's the key to being a good CEO. Drive incremental revenue while keeping your existing clients in the black and happy. That's the key to being a good CEO. Drive incremental revenue while

keeping your existing clients in the black and happy. And that's stood with me for 17 years that's been the mantra of what we've done at this firm, the Miller Organization. I'm going to ask you the viewer and listener which incubator you should do, you should launch, which niche you should pursue, because I think F and B is one that faces significant headwinds. Judah, I want to weave you in on a two-shot, studio camera and two-shot, and then we'll give Charlottesville Sanitary Supply some love. The headline you find most intriguing today and why, my friend?

Well, you know, I think the talk about incubators is interesting. I think what's particularly it's it's extremely helpful that people wanting to to use a kitchen can use something like this and not have to not have to worry about ovens and so you should talk about what you're referencing here you're talking about the commissary nature of the Beacon Kitchen where you can rent to utilize a commercial kitchen at Beacon. The Beacon model is not just an incubator.

You can rent by the hour, you can rent by the month, you can rent extended period of time commercial kitchen space to launch your food and beverage business. Maybe it's catering, for for example out of this kitchen. It's a way to test your model. I don't think that's a long-term play for food and beverage though. But to your point, it's a way to test things out to see if your concept is proven or has legs or momentum. I asked it yesterday. I didn't have time to dig into

it because I've been working on a deal since early December and that deal has got under ratified non-binding LOI and is heading to asset and purchase agreement and closing stage with an anticipation of a month from now. Everything is going to be fully ratified and the deal will be consummated. And yesterday we had a hurdle to clear and fortunately we cleared it so I had to cut the show off early yesterday. I alluded before I cut the show off early does the incubation of entrepreneurship in a category of business like food and beverage, is that the right path?

And we can allude to Guadalajara closing on Fontaine Avenue. We can allude to Blue Moon Diner just saying, look, we don't want to do this anymore. We've worked our tails off. We're done running the diner. We can allude to a number of other businesses. I mean, heck, when's the last time Fellini's restaurant has opened on downtown Charlottesville? Right? I mean, we can, when's the last time Blue Ridge Country Store has opened?

Now, the Scuttlebutt as the Bagby's team is very close to opening the Blue Ridge Country Store as an iteration or as a sub-brand and offshoot of Bagby's. And I wish that family nothing but the best in doing that. When's Draft Tap Room going to open? I mean, Stefan Freeman is now focused on old Metropolitan Hall. When's Draft Tap Room? When's Commonwealth Sky Bar and Pasiflora going to open Right? I mean we're talking institutions here that are closed. Ralph Sampson's just

rebranded to Milk and Honey. Is anything in the Trevinia Kitchen location in Stonefield? What's going on there? When's that gonna open? What's gonna go in the Shadwell spot on Pantops? Why is Shadwell still closed? Right? I mean, we can point to institutions that have just turned into ghost towns. Why incubate food and beverage is my point. Is that fair question to ask? I guess that's fair, but my question would be other incubators, are they necessary? Because the reason a food incubator is so helpful

is like I said, because of the overhead. But if you wanna start a business, do you need an incubator? Do you need some place that gives you access to what? Computer and a printer? Incubation is not just computer and printer. Incubation is an opportunity to see if a brick and mortar location would work. It's a physical address where you can use social and digital media to direct the marketplace to come patronize whatever you're selling.

It doesn't just have to be access to a printer and computer. Incubation is also support group. It's also back office support. It's also learning human resources and receivables and payables and bookkeeping and accounting. And heck, I would imagine some of these incubators are as simple as do I run it as a sole proprietorship? No, you don't.

Should I set up an S-Corp single-member LLC if I'm the only owner? Yes, you should. It's in a lot of ways when we have these aspiring entrepreneurs come into our shop and we're providing the business consultation roadmap of how to get the model, the brand up and running. But we do it not at a cheap clip, it's $2.95 an hour, where some of these incubators are doing it at next to nothing. My whole point yesterday, and I hope no one thinks that I'm throwing shade at New Hill. I love what Yolanda Harrell is doing. I love any one who pursues

entrepreneurship, okay? It's no easy. It's one of the most difficult yet rewarding things. Entrepreneurship is very much like parenthood. Raising children is the best hardest thing ever and the longest shortest thing ever. It's much like being a founder of a business. The best hardest thing ever and the longest shortest thing ever. It's much like being a founder of a business, the best hardest thing ever and the longest shortest thing ever. I can't believe I'm about to be 17 years and doing this myself. And running a business, owning a business is a lot and very similar to rearing or parenting a child.

The child and the business need nurturing, the child needs to be fed formula, food, protein, milk, the business needs to be fed revenue, needs to be taken care of, there needs to be a watchful eye. You can't just, you know, take your eye off where you want to go as a parent or as a business owner. I'm just not sure that a few to food and beverage incubator is the right path. Like maybe the path could be an incubation, incubator for ghost kitchens. Maybe ghost kitchens would be even more specific niche, right? Another incubation could be that you could pursue would be creating e-commerce stores. Like if you want to do a local retail brand,

is the local retailer now an e-commerce related that utilizes like live streaming and social shopping? Or you create a studio like this and you want to sell some clothes or you want to sell some widgets or you want to sell something? Like you know who does this really well? I've mentioned this on the show. Our son, our oldest is getting into Pokemon collection. And there's this app called Whatnot. And Whatnot is an app that's all about live streaming auctions. Where you can sell Pokemon cards, baseball cards, football cards, soccer cards, baseball cards, football cards, soccer cards, basketball cards, in a live stream auction. You'll be like, okay, here's the baseball card I have here. This is a Chipper Jones rookie card with a patch on it, a piece of his jersey.

It's one of 15. It's PSA graded, the grade is a 10, it's slabbed, there's only 15 out there, and this is one of the best condition ones. I'll start the bidding off on this at $500. And you can actually host a live auction on air with this Chipper Jones PSA 9 or 10 graded rookie card that's autographed and you can attract bids from all over the world. Like maybe there's someone who wants to launch an incubator where they teach, I could do this,

we don't have time to do this frankly, but where you teach somebody that wants to create a locally owned brand based around online and social shopping and an e-commerce platform. You show them how to build a studio, cameras, equipment, lighting, tripods, cabling, microphones. How to take three different softwares, four different softwares like we're using, mesh them together and live stream the content on air to people, and to sell their widgets to the entire world,

as opposed to selling their widgets to the people who drive up to their brick and mortar and buy it from them on a shelf. We could do that if we wanted to. We don't have the time to do it, but we could. There are live stream incubators, I think, in other parts of the country that provide space for people to do those, but we could. There are live stream incubators, I think, in other parts of the country that provide space for people to do those types of videos.

Where is that now? Where is that in Charlottesville? Definitely not in Charlottesville. Right. So like, this is why you watch and listen to the I Love Seawall Show. I'm going to try to look at stuff that's happening in Charlottesville and ask questions that are fair questions and challenge the status quo. Why are we doing an incubator tied to food and beverage at a time when institutional

food and beverage brands? Guadalajara is an institution and it's closed one of its locations on Fonte. Blue Moon Diner is an institution. Blue Grass Grill is an institution. Shadwells, Pasiflora, Draft. Little John's was closed for a while. Then had to reopen and was saved by a distressed asset venture capitalists who owns a bunch of other brands. Ace Biscuit and Barbecue, Bonnie and Reed, Draft Tap Room, Old Metropolitan Hall. Brands that he bought at a discount, basically on the scrap heap, is how he bought these brands. Finish your thought? You can't? I was just going to say that it it's you can't really bundle all of

those all these businesses together they didn't all end for the same reasons. Would you say that you're bullish on food and beverage right now in Charlottesville? Not right now I'm not bullish on anything in Charlottesville. You wouldn't be bullish on a local brand creating a digital footprint, e-commerce, social shopping, and live streaming its wares to the world and selling that way? I wouldn't be. You ask if I wouldn't be bullish on that? You're not bullish on that? I mean, I'd need to see more than just, you know, your... You're not bullish on local weed?

You're not bullish on local biotechnology? You're not bullish on local data science? How about a biotech incubator? Biotech incubator already exists. Where? Civo Biohub. Look it up online. Do they help?

Will they be helping? Let's put it this way. Of the five, what is it five to eight thousand people that we're gonna get with the with the Manning biotech Institute will the biotech hub help people in Charlottesville fill those spots? Seville bio hub accelerates the biotechnology industry through engagement resourcing and education a tax- exempt organization, section 501C3 of the Internal Revenue Code.

By 2030, Sevo Biohub's vision is to strengthen the biotechnology ecosystem by doubling the size of the industry in the region, creating value and reducing barriers for companies to thrive and grow within the region. Look it up online, sevobiohub.org, very familiar with this organization. Nikki Hastings, the co-founder and the executive director. The Biohub incubator exists.

It absolutely exists. And if I was educating, if I'm the parent of two boys, be like, you know what? This biotechnology and this data science, look at what's being built over here. An institute on Fontaine driven by $100 million donation by Paul Manning, 350 million to build, 350,000 square feet. Depending on who you ask, deep throat pushback yesterday

on the numbers of the 5 to 8,000 people that are going to come from the biotechnology. Regardless, this is what we know, 800 scientists, roughly 800 scientists hired to work at Fontaine in the Paul Manning Biotech Institute, like literally working in the 350,000 square feet, 800 scientists, okay? They just hired their top dog from a publicly traded company, AstraZeneca. We tried to back him in the napkin what he would be compensated. I would not be surprised if this man is compensated north of 500 grand a year with, as one of our commenters said yesterday, including fringe benefits.

And I would bet you that north of $500,000 a year is maybe close to light. Okay? You're taking a vice president from a publicly traded company away from this publicly traded company that's a market leader, and you're bringing him to Charlottesville. You better seduce him and romanticize him with a compensation package that's extremely attractive, which obviously it worked. Okay I've been told by I'm not gonna say who but

Judah Someone that's not gonna lead me wrong very wealthy person with this Institute that these people that are going to be working over there, it's not just $100,000 jobs here. We're talking deep, deep, deep yearly money jobs. Let's just say the median value, the median compensation for these jobs, I don't know what the median number is, but I was straight up told

by a very wealthy person tied to this brand that it's not $100,000 jobs here. So let's just say it's a quarter million is the median average. And that's probably light. I don't know for sure, but let's just say 250,000 compensation. I asked the question on yesterday's show if there's 800 people working there and their median compensation is 250K and some of those folks are going to have partners that also work, right? That's family income, household income, that's probably knocking on the door of 400 or more

a year. Where are these people going to live and what's the impact it's going to have on housing in Charlottesville? And it's happening at the same time that we're seeing an exodus from the D.C. area where some are certainly going to come down to Charlottesville after cashing out their equity in the DC area, right? So I think that trend, and we were the first to say it on this program, that trend should be something to follow.

We still have to highlight the fact that data science is not completely up and running. And all the offshoot businesses tied to the data science school, a school funded by a wealthy donation, that's not completely up and running right now. I was told that the Institute, the Paul Manning Institute was 5 to 8,000 new jobs, direct and indirect. Deep Throat pegs it somewhere in the neighborhood of 3200. He's a smart guy, respect a lot of what he says. He's only led me wrong maybe twice since he's been commenting on this show. Maybe three times, he's only led me wrong.

He does some numbers, he thinks it's 3,200 jobs. Let's say it's 3,200 jobs, direct and indirect, at the Paul Manning Biotech Institute. And let's say it's 3,200 jobs at the data science school, right? That's 6,400 jobs that are going to be online in the next 12 to 18 months. Where are 6,400 $250,000 a year jobs going to live? And if they have partners, where are they really going to live? And if I was the parent, and I am the parent of two kids,

I would be like, you know what, you can do what dad does and you can, you know, have fun making deals. It's tough sledding. And I can show you how to go about doing it. And I can show you how to, you can, you can buy something in seller finance capacity where you broker the deal and you put 10% down on a commercial deal with a seller. And then you get tenants to come in and they cover the debt service on a five-year balloon and After five years you overpay what's owed and in 60 months you have No money out of pocket that you take and you buy that building with a 10% down payment because you had tenants ready to go

I can show them how to do that and they can get a lot of bricks and sticks and They could do what we've been doing here What you've seen us been doing over the last 17 years, or if you want to go into a path of your own, go biotechnology, go data science. Now you have to be really smart to do that. You have to get really good grades. You have to get into some of the top schools if you want to do it. That's the type of incubation maybe I would be, you know, that I'm talking about. Not this F&B incubation.

And I hope to God that in this F&B incubation that they're really deprioritizing the influence of third-party delivery. And I've talked about that on the show, that cannibalizes all your profits. Anyway, we've gotten off topic. Speaking of a local institution, we should give some props to Charlottesville Sanitary Supply. 60 consecutive years in business online at CharlottesvilleSanitarySupply.com.

And ladies and gentlemen, located on East High Street, John Vermillion and Andrew Vermillion have built a business that is a three-generation strong business. And we wanted to see it last another three generations, so support them on East High Street. Conan Owen is watching the program. He owns the Sir Speedy franchise and he is a man that is often in the know and he has highlighted that Fellini's is now under contract. Wow. Conan, I have heard scuttlebutt about that. I've also heard that the owner of the Fellini's building will only lease to a restaurateur that is willing

to keep Fellini's Fellini's. That's what I was just gonna ask about. Is that what you have heard Conan, and is Fellini's gonna reopen as Fellini's, or did the owner of the building change their mind with how the building could be used? And he also says retailers could use some concept proving safe spaces or incubation, which is what I highlighted

with the, I think the 2025 and forward version of retail is gonna be digital e-commerce store and live streaming in a studio like this to sell stuff. That's what I think it's gonna look like. And Conan Owen also says, do we have a photo of Conan that we can put on screen? I don't, but I can look for one. Okay, we should get Conan D. Owen's photo

and have it ready to go when he reads other comments. Here's, this is what the I Love Sea Village show is all about. Roger Voisonnet, whose a realtor who's worked in the business for, Roger, how long you been a realtor locally? He's a fantastic realtor with Remax. How long you been in real estate? 30 years, Raj?

He's also a developer that's trying to develop a site in Woolen Mills. We had Roger on the show and Richard the architect to talk about their development project in Woolen Mills some time ago. He says, felinis will be leased to an Afghanistan restaurant. It will not be felinis. And he's been in real estate for 45 years, Roger Voizena. There's some breaking news on the I Love Seville Show, ladies and gentlemen.

This is why you watch the program. News that I did not break, news that Judah did not break. A commenter that's in the know, and Conan Owen, highlighted that Fellini's has been leased. And another commenter, Roger Voicenet, who I have the utmost respect for. That guy's like the spoken word. If he says it, I listen closely.

He's been in real estate for 45 years, says it's going to be an Afghan restaurant at Fellini's. There's some breaking news and that's why you watch the I Love Seaville show. The 2025 version of the Central Virginia newspaper is what we're doing right here. That's fantastic, Roger. Any other details you could share would be absolutely amazing. And Roger, I would also highlight I would love to get you back on the show to talk all things Charlottesville. Not just your Woolen Mills project, but all things Charlottesville, Roger. We could just have, we just got a new bottle of bourbon,

five-year-old bourbon. We can have a little bit of bourbon and talk all things Charlottesville. That would truly be my pleasure, Roger, if you were willing to do that. We got two TV stations, a local newspaper, and a local radio station watching right now. Legacy Media, old media, Fellini's story for your news cycle. Give credit to the I Love Seville Show, like they did on Friday's Daily Progress, when Jim Ryan offered apology, and they highlighted the Burt Ellis interview,

they credited the I Love Seville interview with Bert Ellis in the story in the Daily Progress, which then got syndicated by Lee Enterprises. If you're gonna use the content that we do here, at least give credit to the show, or a mention to the show. Goodness gracious, great balls of fire. All right, can I set the stage?

Oh, Roger says, I would love to come back on the show, Jerry. Soon as our project in Woolen Mills is approved, we can do that. It should be within the next month. That's more breaking news from voice in a congratulations, Roger. Your project will be approved within the next month. How long have you been working on this project, Roger? I mean, you have to been working on this project for over 18 months, right? How long have you and Richard been working on that?

I would love to know the exact time. And I'll have the bourbon ready for you, sir, for my friend. Let's see what he says. It has to be 18 months he's been working on that. You want to set the table for the Harvard story Let's see I Can set the table if you want me to ready? Yeah, we can let's make sure we take the Harvard story and we're related back to Charlottesville. Okay

So here's the Harvard story from last night. The federal government on Monday night said it was freezing more than $2 billion in grants to Harvard University after the school said it would not accept Trump administration's demands that included auditing viewpoints of the student body. The administration's joint task force to combat anti-Semitism announced the cuts in a statement that called out the troubling entitlement mindset that is endemic in our

nation's most prestigious universities and colleges. It said that $2.2 billion in multi-year grants and $60 million in multi-year contract value would be frozen to the Ivy League University Harvard. Earlier on Monday, Harvard rejected the Trump administration's demands. The Harvard University administration said on Twitter, on its official Twitter account, the irony is that Harvard University is publishing

its statement, Judah, on Twitter owned by Elon Musk, which is Trump's right-hand man. Trump, the Harvard University statement is this, quote, the university will not surrender its independence or relinquish its constitutional rights. Neither Harvard nor any other private university can allow itself to be taken over by the federal government, end quote. This is a monumental story. And Roger Voizena said he's been working on that project for 14 months, but one year before we submitted

to the city, so longer than that. This is what's troubling with the Harvard story, okay, Juno? Mm-hmm. There's no place for anti-Semitism anywhere. Agreed. The protests that have been happening on grounds at these prestigious universities and higher education for some reason is breeding anti-Semitism.

I don't know why that is. Maybe it's the crossroads of higher education and a sense of empowerment when it comes to free speech. Yes, you have the right to free speech. No, you do not have the right to be a racist. D I C K, F U C K. I mean, you can well if you want to be a racist D I C K, F U C K, you're going to deal with the collateral damage that comes with it. Yeah. Okay. Doesn't fly in my book. It doesn't fly in my book either.

But okay. You can't stop people from being we're seeing racist Okay? Doesn't fly in my book. Yeah, it doesn't fly in my book either, but... Okay. You can't stop people from being... We're seeing racist DICKs, FUCKs all over the Ivy League. Heck, we see it here at the University of Virginia. It ain't right. Yeah. It's not right. Trump, the way he's going about it, I'm not saying it's right either.

Everything he does seems to be bull in the china shop, I'm going to crack eggs if I'm going to make an omelet. Some people are able to make the omelet at a much less antagonistic or a caustic or aggressive manner. With a lot less shells. With a lot less, not just shells on the ground, but blood from slicing and dicing your fingers while making the omelet. Okay?

Regardless, I'm gonna try to tie this to Charlottesville. The University of Virginia received $354,700,000 in federal funding in 2023. You can look it up anywhere you want to find UVA federal funding. In 2023, $354,700,000. Virginia Tech received $282,100,000 in federal funding in 2023. UTAAC was the top player in funding received in the Commonwealth of Virginia in 2023, and it wasn't even close. I talked about this last week.

This driver of our economy, number one, the University of Virginia, has a board of visitors that's looking to slash its budget. Burt Ellis, the fired BOV member, said I wanted 500 million cut. This is happening. Does that lead us to believe that anyone else did? I think there's an appetite to cut the budget. I don't think there's an appetite to cut to the extreme that Burt wanted to do. I would imagine Burt was the pinnacle of cutting and of change on the BOV. And I would say probably the 180 antithesis or opposite of Burt on that BOV is probably

Robert Hardy, the rector, who was a Ralph Northam appointee and one of Jim Ryan's tight homies, Northam appointee and one of Jim Ryan's tight homies, super tight homies. So my point is this, Harvard is in a showdown with Trump who is going to make an example of Harvard. And I don't care how deep or robust your endowment is, $2.2 billion is a boatload of money. And it's a boatload of money that you could use when it was not tied to earmark initiatives with your endowment. That's the key. Man, my Ray-Ban is right here.

It's got a piece coming off. Sorry, I'm ADHD right there. I look at this not from the role of Harvard, but I look at this of what this can do to the University of Virginia. That's how I look at it. What stood out to you from this story, and then we'll get to comments. I think a lot of institutions are making these same choices now.

And it's not just Ivy League schools. It's obviously UVA. I mean, they've at least alluded to the fact that they're possibly getting rid of DEI. I believe their time is pretty much up to to prove that they've done it, but we've also got lower schools. We've got junior highs, high schools who are also having to sign, I don't know what it is they're having to sign, but it's essentially saying we are, you know, we are. Not doing DEI in school. Getting rid of any DEI initiatives.

And a lot of schools have to make a hard choice. That federal money is, as you said, extremely attractive. Especially when it's not tied to a particular, like you mentioned with the, with endowments, you know, a particular. It's not earmarked. Yeah. It's not earmarked as a legacy play for a name on a building. So your kids or your grandkids can forever say granddaddy or grandma did this, created

this library or this institute or this biotech school or this business school. That's the difference. That was the conversation I was having with the surgeon over the week and he's like, we have this endowment. Why don't we just use the 14 billion to help us in this time of need? That money was conditioned. Not all of it though. The overwhelming majority, Judah. I would like to hear the numbers. I know the overwhelming majority is earmarked.

Yeah, but we don't have 500 new libraries. I get what you're saying, but I don't think that all of it is earmarked for... We spent $350 million on a biotech school, $100 plus million on a data science school, $21 million to buy Ivy Square Shopping Center where Foods of All Nations is, a couple of million to buy the Moe's barbecue location. This is what UVA has done. UVA is building housing for second years to live on grounds.

Everywhere you look, UVA's building something. That money is coming from fundraising, in large part. If you had an opportunity to donate 100 million to a school, and one of your amazing qualities is is your the have the least ego of anyone I've ever met. I admire that quality of you. You're me? Yeah you're humble you have many qualities that I admire I sincerely mean that. Your problem-solving ability, your humility, your consistency and mood and demeanor, your even keeled nature, many qualities I do not have.

Wish I had one of the smartest people I know. You sincerely mean that. But if you had a hundred million dollars to donate, I would bet you that you and your family would say, don't you want our name on that building? I mean, I have a poor view of... So you would just give the money to a slush fund to be spent anyway they want? No. Exactly. I would give the money...

You would want it earmarked for something. Would you not? If I were to give it to you, if I were to give money to UVA, I would want to know that it was... Or Savannah, you went to Savannah College of Art and Design. Anywhere I decided to UVA, I would want to know that it was used. Or Savannah, you went to Savannah College of Art and Design. Anywhere I decided to give money, I would want to know that it was being. If you gave the money to SCAD, you would want it earmarked for something.

I don't know that I necessarily would want it earmarked for something, I would just want to know that it was, I would want assurances that it was being used responsibly, and not just being, you know, like, and not just going, you know, like, and not just going to CEO Craig Kent's, you know, raise. It's like, you know, I was talking about this with my friend the other day. You see that commercial that's going around where it's like the Sarah McLaughlin theme song,

it's the animals that are in need. Yeah, they've been on for decades. Forever, right? I think that was on before the song even came out. Is that UNICEF or SPCA? I don't think it's either of them. I think it's a non-profit, I'm going to Google it, non-profit with Sarah Mc Google it nonprofit with Sarah Meg Lachlan song is that SPCA or UNICEF? It's the a it's the ASPC a

Angel the Sarah McLaughlin song angel They raise money for animal shelters. They show animals that are literally like dying on I hate that commercial Yeah, everybody does I'm an animal lover I love animals yeah I despise seeing animal suffering in any capacity whether it's a snake or a rat oh yeah a weasel a fa any animal suffering I don't want to say I almost beat a child one time a couple decades ago when I saw him stomp on a beetle. Judah would go to jail for child abuse, then allow a toddler to kill a beetle. I mean, I didn't stop. I will kill a spider. Judah literally, when there's a spider in the studio, takes the spider,

shuffles it on an envelope and walks it outside the studio so the spider can further live its life. That's how good of a person Judah is. I spent, I spent most of my life hating spiders too. I'm more, outside the studio so the spider can further live its life. That's how good of a person Judah is. I spent most of my life hating spiders too. I've come to appreciate them. I'm more focused on mammals. Judas focused on insects. Didn't you mention snakes and?

Okay, fine. I don't want to see reptiles suffer either. You're talking about what we consider the higher species that. There goes Oliver Kutner, real estate developer right there in purple. Lou Kutner's son. Newly married Oliver Kutner.

My point is this, when you donate to that ASPCA nonprofit, because the Sarah McLaughlin song Angel is pulling at your heartstrings, and it's give us six to eight dollars a month for the rest of the year. How much of that money is actually going to the movement and how much of the money is going to a C-suite that's managing the nonprofit? You would be shocked of how much the donations are going to the pockets of personnel at these nonprofits. Oh yeah, you've always got to be careful what you donate to.

And that's why these people that donate these monies to the University of Virginia or to these other prestigious schools that have endowments of $14 or $15 billion like UVA has, that money's earmarked of what you can do. It doesn't just go into a slush fund. My point is for you to say that you can just go to the endowment like this surgeon was saying over the weekend to me and say, this is how you can keep these hiring freezes from happening or us from taking pay cuts and performance based bonuses when health system morale is at an all time low.

I said, dude, Mr. Surgeon, that's not how it works. He didn't like hearing the dude, Mr. Surgeon. But you know, this is who I am. It's like, it's earmarked for stuff. That's why they're building buildings everywhere. Bill McChesney wants to build a Wittkower Stadium for the Savannah Bananas. Oh my goodness. And Conan Owen echoes what we're saying. It's the national ASPCA campaign,

which doesn't rescue any animals. They raise money, spend too much on overhead, and distribute the rest of shelters. Better off giving directly to your local shelter. Amen. No doubt. Jason Howard, I put this in perspective. UVA received $354 million in federal funding in 2023. UVA's current operating budget is $5.8 billion a year. So the money it received from federal funding is basically what, six, seven percent of its operating budget? I mean, that's a lot. That is a lot, ladies and gentlemen, that it could potentially cut, especially at the same time that the BOV is trying to cut from its operating. So you're losing money from potentially both pots there.

Follow it, guys. The Harvard story is something that we can tie to Charlottesville. 125, next headline. What do you got, Judah? Let's see. Is this the Delvin? We've got some headlines about Delavan. OK, Delavan, will you put the photos on screen?

Give them the specs for the listing. And then I want to get to Rob's comments that I thought were very good. Here are the specs. Lower third and then specs on the listing if you can. This is in the Fifeville neighborhood, JDobbs, right? Fifeville. It's in the Fifeville neighborhood.

You give them the specs. They're on the screen. It's 300k ask. Two bedroom, one bath. 864 square feet. And you laugh because of literal sadness here. You're not laughing because of the What are you laughing at here? Just out of curiosity. I'm laughing because we're You're saying this is a dump is what you're laughing at, aren't you?

We're putting this up like it's an actual listing. And if- It is a listing. Yeah, I know. But it's not, nobody's, nobody's scanning through Zillow and going, oh, I can afford that place. I'm gonna move in there and everything's gonna be-

No, they're not doing that. I'm scanning through Zillow and somebody that sees that for content for the show and is an investor. But no one's looking at this to actually live there. And here are some photos. Look at the photos on screen. And the specs are built in 1960, 864 square feet. This is such a small lot.

It's barely a seventh of an acre. Rob, who's in this, is a smart guy, made this comment. The assessment, the land is 130K. And the improvement's 175K. This was on yesterday's show. He says, actually, it's not really that insane. The fact that the assessor put any value on the house is surprising,

but most of their assessments are done via algorithm. I would have challenged the structure value if I were the owner. The land doubled due to up-zoning and observed gentrification in that area. But Charlottesville and Alamora were not assessed price with teardown in mind a few years ago, but not pricing and assessment are based on ‑‑ I'm not sure what he means by this comment here. He's basically saying

things are being assessed like we're in a big‑time resort market as I've mentioned in the past. Rob also says, but this will turn from an entry level housing option to most likely an investment rental property or a fully gentrified new build for a tech or medical person in that location. Deep Throat does reconnaissance on the LLC that owns this. I'm gonna go to the Charlottesville GIS,

so I have the LLC. What's the address Judah on that? 60. Actually, there was only five houses on Delavan is a D E L E V a n. Yeah, 606. Alright, so Delavan Street. And anyone can use the Charlottesville DIS. Sugar.

There's Delavan Street. 606. 606 is owned by Good Buy Real Estate LLC. Deep Throat dug into the LLC, Good Buy Real Estate LLC. And tracked down who the owner was. Nice. The owner, I'm scrolling through the comments, was an ex-banker at a Lebanese bank. He says Lebanese banks were riddled with sleazeballs, a fact that destroyed about $50 billion in value the last decade, sending the whole country

into bankruptcy. He highlights the assessment on the structure of itself, the $170K, which is what Rob highlighted was bogus because that's a teardown. He said the land is 130 just like Rob did. He said the structure value is insane and is just flat out wrong. Where Rob is highlighting that this is done via algorithm and he's right. It really is. I mean most of these assessments are computer assessments, data, digital assessments, and not actual walk around the dirt, walk around the land assessments.

At a time, local jurisdictions had assessors. Their assessors were moonlighting assessors, and they were Uber drivers. They would drive to plots of land in various jurisdictions, parcels of land, and take photos while Uber driving and they made some extra money. Those are facts. That legitimately is. They were moonlighting as like junior varsity assessors. So here you got the situation. It's being assessed on the upside of the dirt. Obsessed on the upside of the dirt. Deep Throat makes this point.

The zoning, the RNA is not the best of zoning. And he wants a point of clarity, Deep Throat, that the owner works for a bank in Nova, but his previous employers were Lebanese banks in Lebanon. So some good sleuthing over there from deep throat. So here you got two guys that I trust with this topic in particular that know about this topic in particular way more than I do and I like to think I know a little bit about this because this is how I make my living but I'm willing to admit that both these two guys Rob and deep throat bit about this because this is how I make my living, but I'm willing to admit that both these two guys, Rob and Deep Throat, know about this

topic way more than me. Don't be the smartest person in the room, be the guy in the room that surrounds yourself with the smartest people in the room. That's what I've always tried to do. Okay? Be friends with all the smart people, be friends with all the jocks, be friends with all the nerds, be friends with all the music players, musicians, be friends with everybody, okay? Assessment based on opportunity and upside, not today's value. Right. My problem with that is this, okay? Here's my problem with that.

You're assessing on comparables and upside and opportunity. You do that and people that are fixed income, retired, unemployed, are just trying to live in their house for a long period of time are going to get shafted. Which is probably why the couple that owned it sold it. Great segue Judah Wickauer, Charlottesville GIS. Go back to the ownership history. And this is all public record I'm not speaking at a turn. You said they bought it in 84. The Burton family had owned this since 1983 and they paid 25k for it. They sold it in February of this year for...

I thought they sold it in March. Excuse me. Thank you, Judah. They sold it in March of this year for 150k. The 21st of March it closed. All public record on the GIS. The Burton family. James and Irene Burton. That would lead me to believe it's a couple, right? Yeah. Okay, maybe brother and sister. Certainly family, they have the same last name. Sold it on March of the 21st of March for 150 grand.

Not even a month later, the dude has it listed for 2X what he bought it for. That means you have a banker in Northern Virginia with some kind of algorithm that he's figured out or maybe he's just effing scouring Zillow and the realtor app. And he's cold calling or he has a realtor that he's hired and said, I got a fund, I want to create a fund of some kind. This guy makes a boatload of money as a banker or Nova. I'm going to take some of this money that I have or I'm going to pool some money and I'm going to go buy distressed real estate from family members that are not sophisticated. Maybe they're historically marginalized.

Maybe they have some kind of financial difficulty. And I'm just going to offer them some kind of low ball offer and see if they take it. And immediately I'm going to flip that property without doing anything to it. Yeah. And try to make money doing that. You can see the door. It's effing tear down. Yeah.

Now this guy's,ing tear down. Yeah. Now this guy is, let's say he makes, let's say on the 300,000, and I don't think it's going to sell for 300,000. Let's say in the 300,000 this guy walks with, let's build a conservative model. Let's just build a conservative model. Let's call it 92.5% of his 300k. He's going to have closing costs, commissions, taxes, recording fees. He's going to have to pay a commission to the other side. I guarantee you he's negotiated a discount commission for his listing broker. Let's just say 92.5% and that's very conservative. That leaves 277,500. Let's subtract the

bone 50 that he paid and you're talking 127,500 of leftover money. Now he still has to pay taxes on that. It's not a primary residence. I'm one of the things that our family has done really well is live in a primary residence for two years. We did this in Glenmore. We lived in it just under four years. We bought for 700. We sold it for a million two right at the 500,000 capital gains and because we had been in that primary residence more than two years we didn't pay any taxes on that 500 we put 20 down on that 700 we were over paying the mortgage on the 700 of the house in Glenmore and we walked with a boatload of money and then we did it over an ivy we're probably going to go do it in an IV again, and all

we have to do is sleep on a pillow to do that. That's all we have to do is sleep on a pillow. And you're building generational wealth. This is what I've been trying to talk with you about with what you're doing. You could easily take your current setup, convert that into a rental and do the same thing and you're ‑‑ I've been trying to push you on that over here. We've been having that conversation, right? Yeah, somewhat.

Okay, we should do that. This guy, if he does this eight, ten times a year, twelve times a year, what has he created a couple billion dollar, a couple million, a couple million dollar a year business, just doing some kind of unsophisticated algorithm or just scrolling Zillow targeting poor neighborhoods, socioeconomic distress neighborhoods, offering low ball offers with a realtor that's been negotiated its commission, cherry pick certain poor spots of popular cities. That's an effing business. It's a snaky business. I mean is it, is it snaky when the assessment backs him up?

I mean is, is it snaky when, when, when people, when people like, now you're starting to sound like me over here. I'm not I'm not defending the guy. I'm sorry to sound like you and you're starting to sound like me. You made it. No, but you made a good point about the people that that owned this. It could be you know, it could be a couple that have owned it since 84. It could be their kids who inherited it from the parents, but it's been in the family for, for what? The James Burton has owned it since 1983. And 1983 was owned by James Burton and William H. Burton. And then in 2004, it was owned by James Burton and Cedric Burton. And then in 2025, 2024, James and Cedric owned it, and then in 2025, James and Irene. But this one fella, James Burton, has owned it since 1983.

So if James Burton bought this in 1983 for 25K, James Burton is no spring chicken. From the time he bought it in 83 to now, it's been 42 years. And I can tell you right now, people might say, oh, 25 grand in 1983. He sold it for 150,000 in 2025. He might want to make, but no, he didn't. The 83 to 2025 is not really that good of a return. He got a 6X return on his money. If I took 25 grand in 1983 and invested it across many different asset classes, I could guarantee you my return would be a lot more than that. This is an un... and I'm not trying to throw shade on anybody

and this is all public record. Somebody who bought something for 25 grand in 1983 probably pumped a bunch of money into the asset anyway to own it. Possibly. It's not like you're just pumping 25k into stocks and equities and you leave it like into some index funds and you leave it alone and do nothing. And 25,000 was very much- A shit ton of money. Very much-

Excuse my language, I'm sorry. A different amount of money- Yeah. 40 years ago than it is today. Eighty-three, 25,000 bought you a house, right? He probably paid a mortgage on that to buy it. He got it in 83 and in 2025 he sold it for 150. We're not dealing with sophistication here. But this Lebanese guy, this guy that

works for this bank in Nova that used to work for a Lebanese bank, we're dealing with somebody that's pretty sophisticated here. Someone who's got an LLC working for a bank in Nova, buying something in March and then offering it and selling it in April? Months later. That's sophistication. I got a buddy who's in wholesale real estate. Craziest thing I've ever seen. This guy, riskiest thing I've ever seen, but he makes so much money doing it.

He finds properties, gets these properties under contract, in some cases he closes on them, and immediately sells the deal sometimes when they're under contract. It is insane what he does. He buys a property that he thinks is a good deal, gets it under contract, and sells the contract. Yeah. So I looked up $25,000 in 83. It was the equivalent of roughly $80,000 today.

So we're not talking about six extra money. We're not right. So this guy is Nova guy. Is it a rip off if both parties agree to it? I mean, we don't know what the deal was. We don't know how it happened. We don't know if Rob desperately needed money. And this guy said, hey, I'll give you cash now. Don't worry about any of the stuff that would normally take a week or a month or whatever. But yeah, if they agreed to it. You're starting to sound like me over here. I mean, I'm just being logical. No, I know. But you're saying you're starting to sound like me over here. I mean, I'm just being logical. No, I know, but you're saying you're starting to sound like me.

A.M., I think. And what I'm more worried about the assessment, because the assessment is, despite what the... Holy doo-doo. Listen to this. Deep throat, listen to this. Rob Neal, listen to this. Great stuff from, we gotta get his photo to put it on screen.

Which one? Owen Brenner. Whose? Owen Brenner. We got to make sure we have Owen Brenner's photo on screen. Owen Brenner? I know, it's a new viewer and listener. I love when we have quality new viewers and listeners. So, Conan Owen's photo we need to get for the family to start putting on screen, they're providing value. And Owen Brenner's photo is another one. Owen Brenner says, Jerry, tell your viewers and listeners to hop on the Charlottesville GIS and search 501 Ridge Street. The exact same story you're talking about. Burton owns somebody and then this goodbye LLC buys it from him. So I'm on Charlottesville GIS and I type in 501 Ridge Street and I go to ownership history and the same Burton sold to Good Buy Real Estate in April. Geez Louise, 14 days ago for 300 grand,

300,000. I'm now gonna take 501 Ridge Street, Charlottesville, and pump this into my search engine to see if... there it is. It's now for sale. For 495,000. So this guy who works for the bank in Northern Virginia that's targeting Charlottesville property, two documented instances where he's bought something from this Burton family significantly below market. In this case, the Burton family has owned 501 Ridge Street since 1985, pays 300 grand for it, and now two days later, lists it for 495,000 and highlights in the listing, and

it's the same listing agent, the Gordon Cohen person from Weishert Realtors, Nancy, BM Real Estate. All right, let's get this man's brokerage. The agent is Gordon Cohen. I'm going to copy the name of the brokerage and I'm going to put the name of the brokerage into my search engine. And it's a firm out of Harrisonburg. It's not even a local to market brokerage. We should spend some time digging in tomorrow. I got to cut the show off today because I got to go make some money. And he's got another show to get ready for at 2.30, Nate Kibler's show.

But it looks like this banker out of Northern Virginia, the principle of good-bye real estate LLC has done this a couple of times with this Burton family. That's very suspicious. Maybe it's the Burton family saying that, I don't think it's suspicious. I would bet you it's heirs of the Burton family that are like, we don't wanna own this real estate.

We just wanna unload it and get the money. Now, if they're not 1031 exchanging, this would be a question for a CPA. Would the heirs have to 1031 exchange that, not to get hammered with capital gains? That's a great question for a CPA, or I bet you deep throat, I bet you Rob would know that question.

Would these heirs have to 1031 rob that real estate, not to get hammered with taxes? Starker exchanged that real estate not to get hammered with taxes? Or the heirs just they would, right? 1031 means you take the money you get from selling this real estate and roll it into another piece of property, you get hammered with taxes. Love to know the answer to that. That would be a question that you would ask your CPA before selling anything. Owen Brenner, we're going to get your photo and put it on screen.

O-W-E-N-B-R-E-N-N-E-R. Make sure we have his photo and Conan's photo as well. All right. We went 75 straight minutes on the I Love Civo show today. Really digging deep into real estate. We hope you enjoyed it. I love this kind of stuff. Deep Throat answers my question.

No, real estate basis would step up at depth. Thank you. There you go. Smart men right there. I'd have to ask my CPA that question. I appreciate that, Deep Throat. Thank you. So that's two instances of that happening. I wonder have to ask my CPA that question. I appreciate that deep throat. Thank you. So that's two instances of that happening. I wonder how, you know what, I can figure

that out on the Charlottesville GIS. I'm going to copy the owner name, goodbye real estate LLC. I'm going to go to the search function of the GIS. Owner's name, I'm going to type goodbye real estate LLC. There it is, into the GIS. Goodbye real estate, those are the two properties it owns in the city of Charlottesville. 606 Delavan Street and 501 Ridge Street are the two properties it owns. It's only been done twice. 606 Delavan Street and 501 Ridge Street. Fascinating. I learned from you guys.

Alright, that's all she wrote. We hope you enjoyed the program. We're gonna go make some money. Judah Wickhauer, yours truly, Jerry Miller. We'll see you guys at 2.30 for the White Mountain Ministry show and at 12.30 tomorrow for the I Love Seville show. So long.