The I Love CVille Show With Jerry Miller! - University Physicians Group Fights Back In Letter; UPG Dismisses Greed As Motivation For Change

Episode Date: April 4, 2025

The I Love CVille Show headlines: University Physicians Group Fights Back In Letter UPG Dismisses Greed As Motivation For Change Compare CVille AMI To Other University Towns DC Real Estate Carnage Picking Up Momentum Most Expensive Real Estate For Sale In Albemarle Co Is There A For Profit Business In Hosting Parades? Isaac McKneely To Louisville, Rohde To Wisconsin Fired UVA BOV Bert Ellis On I Love CVille (4/9) 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.

We're live on LinkedIn. Good Friday afternoon, guys. I'm Jerry Miller and thank you kindly for joining us on the I Love Seville show. It's great to be with you on the last day of the week, the last day in the first week of April. Take a look at the screen for today's headlines. It's a show where you, the viewer and listener, we encourage you to send us content that you think is well suited for our talk show.

Judah and I want to be the water cooler of conversation here in Charlottesville and central Virginia. We want to crowdsource information that is important and relay it to you. And I think you have now realized that the local legacy media, old media, is watching this program for content for their news broadcasts and their print runs. A great example of that is the news that we broke earlier in the week.

Did you see it, Judah? The Dogwood Parade canceled. We talked about that on the I Love Seaville show, what, earlier this week, late last week, and now it's hitting CBS 19, it's hitting NBC 29. They are watching our show, local media, to regurgitate what we say for you, but they're doing it in 15 and 20 second sound bites, as opposed to the long form content that we cover, that we highlight on today's show.

I'm gonna talk University Physicians Group Fighting Back. This is just a cat fight. This is a cat fight right now. It's a cat fight in the cafeteria. It's ugly. Hair is being pulled. Eyes are being gouged. He said, she said that is tarnishing the reputation

of the health system. And the only winners out of all of this, the daily Progress, that is just printing letters from the physicians group, from former board members, from anonymous doctors, and full run. The Daily Progress is getting free content from physicians and airing the dirty laundry of a multi-billion dollar health system. The only winners. The losers in all this, the branded equity with the health system. The losers of this, the image, character and respect of the profession in totality. The losers of this, frankly, the patients.

Us as patients, because now we're thinking twice, thinking a third time about going there, because are we getting billed correctly? Are they changing our medical charts? What are they doing that's disingenuous? When the reality, a large portion of UVA Health is on the cutting edge of care, some of the top players in their field.

But when we second guess, when we have concern, we lose because then we'll end up at perhaps an inferior healthcare provider. Only winners throughout all this is the Daily Progress who's getting the free content. Only winners. A lot we're going to cover on today's program, including something that Deepthroat and I have been corresponding about, some carnage and D.C. real estate, ladies and gentlemen. I'm going to highlight bright MLS data. Bright is the multiple listing service in the D.C. area. And listings for the last week of March, ladies and gentlemen,

the week ending March 30th, year over year, the listings are astronomically uptick in the D.C. area. How much so? Uptick? Well, compared to a year ago, we're at just under 30% more active listings in the DC area. We'll pick that apart like Thanksgiving turkey guys on the I Love Seville show today. I'm gonna highlight speaking of real estate the most expensive listing that's currently on the market in Alamaro County. We'll do that on today's show. We'll compare and contrast Charlottesville, its area median income, to other university towns of similar population. We'll compare and contrast it to Burlington,

Burlington and South Burlington, Vermont, to State College, Pennsylvania, Big Ups, Vanessa Parkhill, your Nifty Lions are getting some love on today's show, to Iowa City, Iowa, home of the University of Iowa, to Fayetteville, Springdale, Rogers, Arkansas, home of the University of Arkansas, the Razorbacks, once led by Nolan Richardson and the 40 Minutes of Hell basketball that we saw, to Athens and Clark County, Georgia, home to the Georgia Bulldogs,

to Columbia, Missouri, home to the University of Missouri, Bloomington, Indiana, home to Indiana University, Harrisonburg, Virginia, JMU, and Deep Throat. Am I saying this right? Missoula, Montana? Missoula, Montana, University of Montana? All similar- Missoula? What is it? I don't know. Missoula?

How's it spelled? Missoula? It's probably Missoula. How do you spell it? I think you're right. Missoula. M-I-S-S-O-U-L-A. Missoula? We'll go Missoula. I think that's it. Missoula, Montana.I-S-S-O-U-L-A. Missoula, we'll go Missoula. I think that's it.

Missoula, Montana, all populations ranging from 210,000 to roughly 245,000. Remember, the Charlottesville MSA, I believe doesn't include Orange County. So the population of central Virginia is roughly 30,000, but the MSA for HUD is about 245 and change. A lot we're gonna unpack on today's program, ladies and gentlemen, including this question,

entrepreneurs, viewers and listeners, of all shapes and sizes. People often walk through the swinging doors of our headquarters on Market Street. Can we go to the Market Street cam so we can show the swinging doors? I have meetings Monday through Friday, heck, sometimes Monday through Saturday, with business owners at all levels of the success spectrum.

You showing the doors there? They walk through this glass storefront. We have folks in the startup space that want to bring ideas to market, like climbing gyms and bouldering gyms. We have entrepreneurs that come to us that want to bring pickleball facilities, indoor pickleball to market. We have entrepreneurs that come through those doors and want to highlight the omni-experiential nature of indoor entertainment venues, like Cocos, which is coming in the

old big lot space. We have clients on our roster that are clocking $15 million a year in top‑line revenue. Some doing more than that. That have operations that employ, you know, a couple hundred people that come through those doors and say I want to terminate my competition, I want more market share, I want to go from 15 million to 20 million over this 36 month period of time, I want to put you on retainer to help you do that. This is what we do. That's it's not the podcasting network, that's what we do. So as we're brainstorming the good, the bad,

and the ugly of business from the startup stage, the infancy stage, to what I would say is a pretty healthy mid cap, someone do 15, 20 million dollars, I'd say that's a pretty healthy business. I'm not saying this is publicly traded, but for Central Virginia, a privately owned business, family owned business in a lot of regards,

that's flirting with 20 million a year is a good chunk of money. Top-line revenue. And they come to us and say, we want to grow. Over 25 years of doing this, 17 years on the 29th of May as the owner of my own firm, god, 17 years of self-employed. We've become the confessional of business in the greater Charl my own firm, got 17 years of self-employed, we've become the confessional of business in the greater Charlottesville and central Virginia market. I'm going to ask you this question, viewer and listener.

Is there an opportunity for an entrepreneur to launch a new business? And that new business in the greater Charlottesville area would be a business specifically tied to parade execution. You heard me correctly. An entrepreneur that gets the infrastructure in play has the connections with Almero County and the city of Charlottesville and their whole business model is hosting and executing parades. You can start in the first quarter with New Year's Eve, New Year's Day,

New Year's Day parade. You can have a St. Patty's Day parade which is in March, right Judah? I mean just go to the calendar. Big calendar events each year. New Year's Day parade, right? How about a Martin Luther King Day parade, a Valentine's Day parade, an Easter parade, a St. Patty's Day parade, a Memorial Day parade, a Fourth of July parade, a Labor Day parade, some kind of Halloween parade, Thanksgiving parade, Christmas parade. You can legitimately create a parade, 10 parades a month. 10 parades a year, excuse me, I misspoke.

10 parades a year, 10 parades a year. I mean, we're starving for community events, and we've attributed the loss of parades and community interaction, we've attributed to a decline or a diminishment in volunteerism. That's what we've attributed to the Dogwood Parade being no more, to the 4th of July fireworks being no more, to the first night Virginia event on the downtown mall being no more. We've attributed to a decline in volunteerism, among other things, but that's been the primary driver. What if you did not rely on volunteerism to execute the parade?

Instead, you relied on team members that were paid to execute it. That solves the volunteerism conundrum. Then you get sponsors from the community, you go to the city council, to Alamo County's Board of Supervis of supervisors and you say, hey, we don't have a dogwood parade, we don't have the 4th of July fireworks, we don't have First Night Virginia, the community is begging for this, will you give us 5 or 10K to help execute it and you find other profit centers, whether it's food and beverage, sponsorship, a gate, entry, VIP sitting, and you monetize the concept. That, guys, is a business.

That is a business. I wanna talk about that on today's program. There's a lot I wanna cover. I promised Jim Hinshley today that I would talk about this. It did not make the headline rundown, but I'm a man of my word here. He sent me this text message. U.S. Senators Mark Warner and Tim Kaine,

Democrats from Virginia, announced today in a letter sent to the White House that they recommend candidates for the U.S. attorney vacancies in the Eastern District of Virginia and the Western District of Virginia. The senators recommended Christopher Todd Gilbert, the minority leader in the Virginia House of Delegates and Robert Tracy, Senior Assistant Attorney General and Section Chief for Major Crimes and Emerging Threats in the Office of Virginia of the Virginia Attorney General. This article or this press release I will now copy and paste, and I appreciate you putting this on my radar,

Mr. Hinjley, tremendous respect for you, sir, as you know. US Senators Mark Warner and Tim Kaine sent a letter to the White House recommending candidates for the US attorney vacancies in the Eastern District of Virginia and the Western District of Virginia. In their letter, the senators recommended Michael Gill, who's an assistant general counsel

and director of investigations for Huntington Ingalls Industry, and Eric Siebert, Eastern District of Virginia Interim United States Attorney for the EDVA position. The senators recommended Christopher Todd, the minority leader in the Virginia House of Delegates, and Robert Tracy for the Western District, the WDVA position. I'll share that link and put it in the comments section of my page. Comments section of my personal Facebook page if you would like to learn more.

I'm putting it in there right now. Judah Wickhauer, I'd like to highlight Charlottesville Sanitary Supply. 60 consecutive years of being in business, Charlottesville Sanitary Supply guys, on East High Street and online at charlottesvillesanitarysupply.com. John Vermillion and Andrew Vermillion

are doing things the honest way, the right way. Three generation family strong business, Charlottesville Sanitary Supply support the businesses that are doing things the right way. John Vermillion, a Chamber of Commerce small business person of the year. A plus people, the right way. John Vermillion, a chamber of commerce small business person of the year. A plus people, the Vermillions. Judah Wickauer on a two shot. First the studio cam so they can see the studio, the digs. And then Judah Wickauer who is speaking of St. Patty's Day

parade clad in and leprechaun garb today looking quite sharp I should say the green undershirt the green button down and the green v-neck vest for Judah Wickow. You look sharp. I think the attire is very much on point. You put a little thought into what you were wearing today. I always put a little thought into whatever I wear. Well you look great. Thank you.

Look great. The cat fight continues? Yeah. It's like a tennis match. Oh, with the ball being volleyed and rallied from one side of the court to the other. The serve was the anonymous 128 with the initial doctors. The response of serve, the reply to serve, the rally to the serve, the return of serve is the right nomenclature. The return of serve was Bill Crutchfield and his initial response back of it.

Was he the first one to respond? I think he was the first. Wow. Crutchfield's like these guys are bogus, the Anonymous 128. Then the Anonymous 128 took the return of serve and slammed it back to Crutchfield's side and it was slammed back to Crutchfield's side. That's when Jim Ryan called the Anonymous 128 crybabies. Deseffected. outside, that's when Jim Ryan called the anonymous 128 cry babies.

Disaffected. Malcontents that are in every organization. Bitter teenagers that didn't get the invitation to prom is basically what Jim Ryan called them. Then the anonymous 128 get on the offense and they basically are rankered by Jim Ryan's malcontent commentary as they should be. What the hell are you doing Jim Jim Ryan, penning that letter? It makes you look terrible, Jim.

They get on the defense and reply to Ryan. Then after they get on the defense and reply to Ryan, then the Board of Visitors is like, okay, we need to get a third party law firm to do an investigation. Third party law firm does an investigation. That leads to Craig Kent's resignation. The highest paid employee at the University of Virginia who got a year over year $500,000 raise.

Craig Kent's surprising resignation and an after hours Board of Visitors meeting, clandestine meeting, keeps the momentum going. Then a board member from the health system chooses to resign because of how Craig Kent was treated. We have former board members and rectors offering authored letters on the record with their name on it. They say that this movement is backed by greed,

that physicians want the old boys club where they just have to log minimal hours and get paid high dollars by UPG. And they said Craig Kent was trying to dismantle UPG and that's why he calls the rank and file or the upper management to be angry. I think they also implied that UPG was creating like double the paperwork Just yeah terrible look and now UPG writes a letter to the Daily Progress Set the stage of what happened today in the Daily Progress UPG is saying University Physicians Group. Yep

University of Virginia Physicians Group They are supportive of the investigation into this whole thing. They make note that the investigators did not communicate with University of Virginia Physicians Group. They also are asking for an end to speculation because they want the actual information. They also are asking for an end to speculation because they want the actual information.

And I think they want to see the report as much as everybody else does. They push back against the conclusion that the physicians wrote this letter from a place of greed. They say that nobody is being overpaid. They make note of the fact that the amount that people are getting paid is in line with benchmarks across the industry,

standards in the industry. across the industry, standards in the industry. They are convinced that the 128 acted from a real place of concern and they are also claiming that they've been, that UPG, University of Virginia Physicians Group, has been maligned. They say that they act as stewards of resources and not as suggested to maximize physician incomes. All very interesting stuff and I can't wait

for the pushback letter that's probably gonna come next week. Just can I give, I'm gonna offer some very, very low key perspective here. It's just some advice, some free pro bono counsel. Just leave it alone. I mean, who are you talking to though? Just leave, I'm both sides, Both sides are digging their own graves. I hope everyone on both sides hears this. I know they watch it. You

continue to dig your own grave by continuing this childish cat fight. It makes both sides look like they're going through a teenage breakup with text messaging and commentary in the cafeteria and Snapchatting and TikTokToking back and forth. The difference is, you guys are grown ass men and women and professionals. It is humiliating.

It's doing a disservice to the health system. It's doing a disservice to the brand. It's eroding trust at exponential levels. And I'm telling you, because this is, we're in this space, it is way more difficult to build the trust back. It's extremely easy to erode and destroy the trust. But recreating or rebuilding the trust, once it's been crashed and eroded, that's an extremely difficult process

It's doing no one Justice and the only winner and this entire thing ladies and gentlemen the only winner and throughout this entire cat fight is The daily progress. Because they continue to receive, ladies and gentlemen, free content for their meager, struggling, and nearly dinosaur-esque news model. If you're the progress and you're the editor and you open your inbox and see, oh my God,

I got another letter to the editor from, who was it from this time? It was from... You want the names of the actual people? Yeah, give me who was signed by this time. You want the names of the actual people? Yeah, give me who was signed by this time. Jeff Burton, Dr. J. Scott Just, and Dr. James Larner.

Reynolds Hutchison, the editor of the Daily Progress, received an email and in this email Jeff Burton, the chair of the University Physicians Group Board, Dr. J. Scott Trust, the CEO, and Dr. James Larner, the president, gave him a letter that they authored and said, publish this. He can run it as his front page news story. He can utilize it to drive paywall subscriptions. And he doesn't have to pay any employee to create the content. This is the gold of a meager and dinosaur newspaper, free content. And to put the cherry on top before I move to the next topic, this is the cherry on top for the next topic, this is the cherry on top for the next topic.

This is me closing this first segment. University Physicians Group, Jim Ryan's Cabinet, Anonymous 128, Board of Visitors, A board of visitors. Create a treaty, some kind of treaty where you decide to stop the cat fight. Because as you continue to percolate new cycles with this storyline, it is going to take you three to four X the time to rebuild the trust that you've spent destroying it. And that's branding and public relations 101. You learn that at the McIntyre School of Commerce somewhere between first and second semester of your second year on grounds.

If you want an interesting read, the headline, setting them to the progress, is UVA Physicians Group, colon, UVA Health Needs to Heal and Unsolicited Conjecture Won't Help. The headline is, the irony in the headline is, Unsolicited Conjecture won't help. The irony in the headline is unsolicited conjecture won't help. Yet they're providing the unsolicited conjecture. The physicians group. What are they conjecturing about? The whole first part of the letter was like we need to stop talking about this. We need to start building trust, the unsolicited conjecture is hurting. And then they said, that said, given the assertions, we need to offer some conjecture here.

That's like, you know, I don't mean to insult you, but I hope you don't take this the wrong way, but, you know, I don't want to see any, I don't want to hurt your feelings, but you're really overweight and that dress doesn't fit you that well. I don't want you to be upset, but that button down shirt and that tie makes your neck look fat. I don't want to hurt your feelings, but when you went to the hairdresser and they colored your hair, they chose the wrong tint. That's what this is. You disagree? Yeah. You disagree? I mean, I don't see a whole lot of conjecture in here.

Judah, the entire premise of the letter was the anonymous 128, their fight, their whistleblowing is not motivated by greed. That's conjecture. The other side is saying it's motivated by greed. They're just basing all this on opinion. It's based on opinion. You know what we need? It's time for the university to just release the third party

lawyer report. That's what they're saying. Release the effing report, Jim Ryan. Release the report. And then let's move on. Here's a pushback against the conjecture about the 128. They say straight out, without knowing the identity, productivity or compensation of the 128 physicians who signed the letter, we do not understand how anyone could conclude

greed was a motivating factor, nor did the letter mention compensation as a concern. I feel like they've laid out a fairly straightforward letter here without a whole lot of conjecture, but that's just my take on it. Do you want to offer any more before we go on? No. I don't want to put up the data from the comparing of the university towns. I don't want to put that graph on screen. I do want to segue into it. I think I've spoken my piece. And my piece has been consistent all along. Stop percolating the news cycle with the cat fight.

Stop. And this is coming from somebody that wants the news cycle to be percolated with the cat fight because I can talk about it on this show. Giving them free advice. All right, the next topic is the comparison and contrast, comparing and contrasting the area median income. As you go on a one shot, then I'll weave you in on a two shot here.

Comparing university towns to Charlottesville. We talked earlier this week, we got a nudge from someone I have a lot of respect for, the guy who's posting impressive gains in the weight room and deep throat. This guy is squatting and bench pressing at impressive clips in the weight room. He nudged me earlier this week via direct message and said, you know what? Area median incomes are out. This is a great talking point for the show. Just like Jim

Hinchley this morning with the text message said this is a good talking point what's happening with these suggestions from from Warner and Kane maybe your viewers and listeners would like to hear. Deep Throat said maybe your viewers and listeners would like to hear about AMI. We want this. We want you guys to contribute content. I don't profess to know everything about it. I want to learn and what better way to learn than we use the power of numbers and crowdsourcing to learn. Yeah. Okay, I think in a lot of ways,

that's what 2025 or future news is gonna look like. I think future news is going to be, what did you call it? You and I had a great conversation. Let's weave you in on a two shot. I thought a lot about what you were saying this morning on the think tank. I was thinking about you on the think tank this morning. And I thought a lot about what you were saying this morning on the think tank. I was thinking about you on the think tank this morning. And I thought your commentary yesterday of what the show has become was very good.

Do you remember what you said? Please don't say I don't remember. Was it yesterday? Yes, the water cooler conversation we were having. And you said we're not so much a water cooler. Oh, yeah. I thought you were talking about actually on the show. I know what you're talking about.

Yeah. When I said that we're more like a hub. We're not a water cooler because it's not like all these people are meeting together. Some of our wonderful viewers are commenting on Facebook. Some are commenting on Twitter. Some are commenting on YouTube. and we're kind of the hub for that. We bring topics that are interesting to us and hopefully are germane to what's going on in Charlottesville because not everything that we talk about is specifically Charlottesville centric. And thankfully, we have an amazing viewership that corrects us, helps inform us on topics that we're not 100% up to speed on. And essentially, like the crowd sources,

I don't wanna say truth, but it's not like we're out here, you know, putting some propaganda on the air without any pushback. And we have some great pushback from our viewership when we get things wrong. Yeah. A good example of that was two Fridays ago on one of our other programs there was some data that was presented incorrectly. And I heard from others, viewers and listeners, that that data was not right. And I went back and looked at the replay and did did some reconnaissance and the viewers and listeners were correct. One of the things I've realized with doing this camera microphone commentary is we're

not right 100% of the time or human beings. Oh yeah. is we're not right 100% of the time. We're human beings. And you holding us accountable and correcting us is what we want. And hub instead of water cooler may be a best description. I think that's what the future of news could be. Where you have one or two or a handful or a larger group of influencers or pace setters

that keep the cycle of news going forward and then you have peripheral group contributing to those influencers or pace setters and then before you know it you have what is a hub of content. I know, however, that the future of news is not 15 and 30 second or 60 second sound bites or clips and a 22 minute cast of a 30 minute window. And I know the future of news is not going to be behind a $42 a month paywall daily progress or a $70 plus a month paywall Richmond Times dispatch. That's not gonna be the future. And I'm not even convinced that the future of news

is gonna be coming in through an antenna on a radio frequency. I don't think that's going to be the future. I think what it is it's going to be what we saw in a lot of ways with this presidential election where Trump sits down with Rogan for three hours and a no-holds-barred interview. Harris afraid to do it because what's Harris gonna really look like in a three hour unscripted window? Trump, we already know what he's gonna look like in a three hour unscripted window.

Love him or hate him, he is who he is. Harris, you don't know who she is and that's what a three hour unscripted window would have revealed. Sitting down with the bar stool sports guys, something he did, Trump. That's gonna be the future of where we're gonna go and I think in some ways we're doing that. Now with the area median income we want to compare and contrast Charlottesville to like-minded markets. And earlier this week, I compared and contrasted Charlottesville's area median income

to Chapel Hill and Durham, the Chapel Hill and Durham MSA. After giving it some more thought, I'm not sure it was the best comparison, because the Chapel Hill and Durham MSA is larger in population, right? It's a larger in population MSA, so it's not an identical comparison. The South Burlington, Vermont comparison

with the University of Vermont is a very good comparison. Where population, according to the MSAs, with the University of Vermont is a very good comparison. Where population, according to the MSAs, of nearly identical, I mean we're talking like 12 or 14,000, 15,000 person difference here in population. And if you look at the AMI calculator, Burlington's median family income is 130,400. Burlington's median family income is $130,400. Is there a pedestrian mall in Burlington?

Is that one of the areas that has, okay, I'm getting off track here. We don't have to look at that. Burlington's area median family income is $130,400. $130,400, ladies and gentlemen. Charlottesville's MSA, Charlottesville's, it's no big deal, the pedestrian mall, look. Charlottesville's is 120, I would rather you contribute to the conversation than look that up.

Charlottesville's is $125,800. So you're looking at a difference of what, less than $5,000 in a population that's virtually the same. This is an excellent benchmark for Charlottesville. It's an excellent benchmark to try to figure out where Charlottesville's gonna go, where Charlottesville could be,

what Charlottesville's struggling to become, what Charlottesville could be business-wise, housing-wise, real estate-wise. Deep Throat adds a little context. Burlington is a very bang on cop for Charlottesville. Slightly higher AMI, slightly higher median home price. So what I'm gonna do on the show,

and what I'd like for you, I'd like your help with, I don't pretend to have all the answers. I don't know all the answers. I want to learn and be challenged. There is nothing I would like. And he confirms, yes, it has even a pedestrian mall. It does. It even has a pedestrian mall.

Church Street. Church Street it's called? Church Street Marketplace. OK. I would bet you the politics of Burlington are very similar to the politics of Charlottesville too. How much you want to bet that Burlington's politics are liberal, very left leaning, activist leaning,

socialist leaning? I mean, that sounds about right for Vermont, but. I don't know. That's just from hearsay. I don't actually know Vermont either. This is what I'd like to do on the show. And what I want you to do is some homework over the weekend. You rarely, if ever, have to work outside of work hours.

Rarely, if ever. And this doesn't even work. When you're on the think tank or you're scrolling, doom scrolling on your phone, doom scroll instead of are you scrolling, doom scrolling on your phone? Doom scroll instead of what are you doom scrolling on your phone? Is it crossword puzzles that you're doing? What are you doom scrolling? Are you doom scrolling Reddit?

What are you doom scrolling when you're doing on your phone? Sometimes Reddit. What else are you doom scrolling? I don't know. It depends. Wherever my insane introverted mind takes me. OK, every time I'm doom scrolling, I find that I'm like doom scrolling current events

and reading. It's sadly Wall Street Journal, CNBC, doom scrolling. Certain influencers on Twitter that I follow getting deep in their content, housing is something that I'm doom-scrolling. Started doom-scrolling Pokemon economics, Poke economics. Because my kids getting into it and I see an opportunity business with Pokemon, it's just terrible to say. And I see how I can help my son in ways that I didn't realize I could help him this Soon in his life cycle. He's seven Because it's been some to like enjoy himself

He is enjoying himself see like that's just the difference between you and I the difference between you and I is like I Enjoy the business side the capitalism side the data enjoy the business side, the capitalism side, the data side, the opportunity side. I enjoy being seeing opportunity and pursuing opportunity. I enjoy it. It's a passion. I'm seeing this with him without me having to push him to that. That's fair. We play the game, we watch the content, but he's saying he's learning business from me not even showing it to him. And I want to further strengthen our bond

because I love our two boys dearly. I would like on the show for us to do a deep dive on Burlington, Vermont and Charlottesville, Virginia. Because I think there's an opportunity for us as Charlottesvillians and Central Virginians, because whether you want to admit this or not, Central Virginia, Elmora County, Orange County, Louisa, Nelson, Fluvanna, Orange Green, you guys go as Charlottesville goes. You may not want to admit that, but you go as Charlottesville goes,

and those are just facts. I think there's an opportunity in content for the show for us to compare and contrast Burlington and Charlottesville together. So as we learn about Burlington, we could learn about ourselves. Like as I've learned about, you know, here's, I'm getting deep here, okay.

My dad is soon to be 75, 75 this month, 75 on tax day, the irony of a CPA and accountant born on tax day, 75 on tax day. The irony of a CPA and accountant born on tax day. 75 on tax day. Not in the best of health. Sharpest mind ever. Sharp as a tack. Still trading stocks and equities for the family on a daily basis and outperforming the market. Now let's cut to the chase. Carnage on Wall Street is an understatement. We're at the depths of peak COVID right now, worse than the depths of peak COVID right now,

as Trump plays a game of chicken with the entire world. And this game of chicken could go one of two ways, leverage to get what he wants, what's best for UVA, what's best for the United States, jobs, more opportunity stateside, or the game of chicken could implode before our eyes, global recession. JP Morgan on record this morning, the opportunity or the chance for recession now they've uptick to 60%, 6-0. Their recession predictor is at a 60% clip right now.

This morning it came out. With my father, 75 years old, I'm seeing kind of the backend, the final chapters. And the sad saying is, is once a man, twice a child. And in this scenario, it's more naps during the day, naps every day, naps every day. Struggling to walk. Struggling to keep your balance. Like falling. Struggling to keep your balance. Same thing that you would see with like a two-year-old or a one-year-old, two-year-old. Staggering kind of like a drunken sailor as you're trying to figure out your balance. Everyone's seen that with the one or two-year-old, kind of waddle like a drunken sailor. Right? And I'm seeing that with him. So I'm kind of getting in the mind or spending,

trying to spend some time understanding. And what I've learned from spending this time or understanding, asking questions, you know, getting nostalgic, is I'm learning about myself. Learning about myself. And I think it's up to a son or a daughter, especially sons or daughters that are parents, to learn from their parents. And I take the good, the bad, and the ugly from my parents and bring that into rearing our children. Did you know I have one, I've had one cavity in my entire life.

And I was in the fifth grade when I got this cavity and this was as my family was building their, I talk about this on the show all the time, a CPA and bookkeeping practice. My brother and I are children of entrepreneurs. My dad was the CPA, my mom was the front of the house, the admin, she greeted the clients and did a lot of the administrative work. Okay, I got a cavity, and this was at a time when they were growing their practice. So money, we knew that money, every money, every dollar was being invested into the business.

My dad wanted to teach me a lesson of getting a cavity. Okay. This is a true story. That lesson of getting the cavity was you're going to have this cavity filled without Novocaine, without any painkiller of any kind. The conversation I'm in fifth grade had with the dentist, Dr. Morris, we're gonna fill this cavity without Novocaine. Have you ever had a cavity filled without Novocaine or any painkiller of any kind? It is probably the most intense pain I've ever felt and

you're in fifth grade when you're having it. You're 12 years old when you're having this done. Yeah it's terrible. Now will say, have you ever had a cavity since then? And my response is no. I've been extremely diligent of taking care of my teeth, flossing and brushing. You know, no I've not. And then he said, maybe that was a lesson that was worth learning. And I would say, when you're 12 years old and you're having a cavity filled without Novocaine,

that is on the cusp of, and you fill in the blank. I won't fill in the blank. The viewer and listener can fill in the blank. That is on the cusp of whatever, okay? So that's something that I will never take myself and apply it to raising or rearing my children, nor would my wife ever allow that to happen. Thank goodness.

But my point with this story is I'm learning now in the final chapters of Once a Man, Twice a Child, of a man who has been instrumental in shaping me as a business person and as a father, I'm learning a lot about myself. And I think Charlottesville can learn a lot of itself from Burlington. Like to answer our question, Burlington, Deep Throat says incredibly liberal, more than here. They have quite loose zoning,

and their homes are priced in line with ours. So we should do a deep dive on Burlington and how it compares and contrasts to Seaville. University town, University of Vermont, populations damn near close to identical, Judah. Populations damn near close to identical. Area median incomes damn near close to identical. Housing similar, zoning similar, politics similar.

Very interesting topic for the show, I think. All right. A couple of other items that I want to get out of the notebook here. What's the next headline if you can put that on screen, JDubs? DC real estate? Yeah. I... Carnage.

I talked about this in February. It's funny, when you talk real estate on the show, the folks that make their living in real estate want to push back on any commentary that is headwind commentary. I understand that they want to push back because they want to protect, preserve livelihood. I get it. But in February, it might have been late January, early February, I'm starting seeing signs with people that I'm following about the listings becoming more significant in DC, about the headwinds with Doge and Musk and government cuts, layoffs, right? Buyouts, layoffs, early retirements, how

it could impact DC housing. And I tried to make a correlation because my markets Charlottesville and Central Virginia, this is where we're growing our business to Charlottesville. My crystal ball said even if we get a small percentage not half not a third not 25% any percentage at all coming to Charlottesville selling their home in DC where they have significant equity it coming down here it was going to have an impact on the Charlottesville ecosystem that was my entire thesis any percentage is going gonna have an impact on the Charlottesville ecosystem. That was my entire thesis. Any percentage is gonna have an impact on a throttled inventory environment.

That's all I said. And it was shocking to me, mortgage folks, folks that were realtors, how they pushed back on that prediction. Now you look at the data, data that you can find through the bright ML S Judah and weekly active listings for the week ending March 30th 2025 2024, active listings, 29% more. 29% more, ladies and gentlemen, in this MLS service area.

29%. Now, the conversation could include this commentary. Well, they're also saying you need to return to office to work. And how many people in the Charlottesville area are working for DC organizations while living in Seaville that may now have to return to office to work? Or say screw it, I'm staying here. Or will they make the commute? I know multiple friends who are making the commute.

They're not going to go back to the rat race that's DZ and they're just going to commute up there and commute back down. Maybe even consider getting an apartment. That would be a brutal effing commute. A brutal effing commute. Especially if you're actually doing it every day. Good Lord. Well, that's why some of them are saying that maybe we just get like a one bedroom apartment

or studio apartment. But that won't be cheap either. My point is this before I get to the next topic. A week over a week, March 30th, 2025, first the same time period in 2024, we have 29% more listings compared to a year ago. This will impact Charlottesville area real estate. And if you don't follow that trend, you're not reading the tea leaves correctly. Next headline, Judah Wichar is

you're rotating lower thirds my friend what do you got? Next up most expensive real estate in Albemarle County. I haven't gotten to this yet I do want to get to this now I would encourage everyone to use the realtor app that's the one I use. You can use the search function, Almaro County, just type in Almaro County VA into your search function. What do you think the most expensive piece of real estate is in Almaro County right now, June?

What price point? I don't really have much to go on with this. Were you asking me about this the other day if I think the highest price is above $30, $40, $50 million? What do you think the number is? I honestly don't know. $50 million. That's a great guess. $52,600,000.

Wow. And it's the Mount Ida Reserve property Hmm Mount Ida Reserve 2800 acres ladies and gentlemen Wow multiple structures on this fifty two thousand six hundred dollars ladies and gentlemen, this has been on the market for an eternity You mean it's already 52 million 52 plus. Initially came on the market guys in 2023. Been percolating on the market for a time before that. 52 million plus dollars for the Mount Ida Reserve property and the 2784 acres that accompany it.

That is, to say that, that's not in a state, that's a region. That is an area. Here's some of the copy as Daniel Heider of Sotheby's International has the listing. This is an out of market broker. He says, Mount Ida Reserve is a once in a lifetime opportunity located just outside the vibrant city of Charlottesville, only minutes from Trump Winery, Almaro State, and the University

of Virginia. Then he highlights all the other vineyards that are in the area. He highlights the privately owned 45 acre lake with pristine beaches. 15 minutes of paved roads, 25 miles of board fencing, 25 miles of board fencing, 25 springs, five diesel backup generators, 150 by-right parcels, 150. There was a time, and I remember my parents were looking at this post housing crash. My dad always had an eye for a deal,

always had an eye for a deal. And during the housing crash, he came up here and said, look, this is a great time for us to buy real estate in the Charlottesville area. He went to UVA. And we were driving through Turkey Run. And Turkey Run was the development project that the guy that owns this land made his money in.

The guy who owns this land made his money in cell phone towers. And he created this neighborhood, Turkey Run. They were like McMansions with like 25 acre parcels. And Turkey Run as its early stage development was kind of coming to fruition, you could basically buy a little estate, 25 acres with a brick Georgian on it, for a million, in some cases under a million,

some of the least desirable lots, some cases over a million dollars. Now the challenge that you had with Turkey Run, is you weren't close to a lot of stuff, cell phone coverage was limited, you didn't really have internet, your drive to the closest grocery store was not close, the school district was not the best. They did not catch a lot of momentum and they still have struggled to gain momentum some 17 years later. It's smart not to have bought that. All right, next headline, what do you got, Judi Wicca.

Next up is, they're a for-profit business in hosting parades. Okay, do you disagree with me? If someone says, look, the volunteerism is down, parades aren't happening, why don't I create an LLC? Why don't I create a single member S-Corp LLC? And why don't I launch a business around hosting and executing parades and do eight to 10 of them a year?

You can charge sponsorship and branding, VIP seating. You can make like a host, like if you want to get- How would you do VIP seating? The best spots that are saved and reserved for people that want the best spots of seating. I had the best spot in Savannah, Georgia for the St. Patrick's Day parade. You just saved the best spot. No, I didn't have to move from my place. In this scenario, in the Charlottesville scenario, you monetize the best spot. No, I didn't have to move from my place. In this scenario, in the Charlottesville scenario,

you monetized the best spots. OK. Do you think that there's a business model in parades? I mean, I don't know that there's a business model that's going to make anyone rich. But I mean, parades have's a business model that's going to make anyone rich, but I mean parades have been a part of it. Is a coffee shop going to make somebody rich?

Is a sandwich shop going to make somebody rich? Is a kids clothing retail store going to make somebody rich? Is a bike shop going to make somebody rich? Is a glasses store? I mean, there's plenty of people that have launched businesses around here that you can say, you can make a living, you're not going to get rich on. Cool. Right?

Sure. I see someone, you do this, you do JVs with Almarrow and the city, you get some grant money, you start off with the big few, first night, St. Patty's Day, Fourth of July, something in the fall, and you say, we want to host parades and bring community spirit back to Charlottesville and Almarrow. And see if you can make a go at it. Eventually you can scale up to 10 a year.

Maybe there's an opportunity to make 10 to 15,000 per parade once you're all set and done. You go after five platinum sponsors that have branding placement on every parade. Those branding sponsors, maybe you're paying 25 or 30K for the entire calendar year. That 25 or 30K times five, six platinum span sponsors covers most of your base costs. You then get some grant funding from Albemarle and the city of Charlottesville over a calendar year.

Maybe that's 25K from Albemarle, 25K from Charlottesville. Yeah, obviously you're gonna have very high overhead tied to insurance. You're gonna have to rent some spacing probably. I don't know what Charlottesville and Almaral would do. Paul Byers tried to figure this out with the TomTom Festival in the downtown mall. Is there a business model and for-profit parade execution?

I think there's an opportunity there because it's the experiential model. It's not selling something that can be cannibalized by the internet. You're selling an experience. And from what I gather, my pulse of the street says, we want community engagement, but it's not happening right now.

And do you solve the decline in volunteerism by saying it's not gonna be a model that's tied to volunteerism, it's gonna be tied to a model of pay to work here, your work here you get paid, and if you wanna participate in the parade, you do the freemium model. Free to attend.

But if you want the add-ons, it's a premium, it's pay. Freemium. I think there's a business model there. It's not going to be us that executes it. But we will certainly help you flush it out. And there's some business owner that's watching this program, or some aspiring entrepreneur that's watching this program, that has their head and their mind racing right now with upside and opportunity.

We'll happily help you flush that out, folks. All right, last topics on the show. Is it basketballs at McNeely? Oh, we gotta highlight, Bert Ellis is coming on the program. We have Bert Ellis on the show on Wednesday. Yeah. Bert Ellis, ladies and gentlemen, on the show on Wednesday. It's gonna be fun.

The fired Board of Visitors member, Bert Ellis, will be on the show on Wednesday. Make sure that lower third is on screen. He is, now that he's off the board, he can, I mean, I don't know that he held back before, but... A tell-all interview, Bert Ellis, about the behind the scenes of the most powerful and influential board at the University of Virginia and why he got fired by Governor Glenn Yonkin. Bert Ellis on the I Love Seaville show on Wednesday. Put it on your calendar now. And I'll close with the basketball news.

Isaac McNeely has committed to Louisville and Andrew Rode has committed to Wisconsin. Four Wahoos so far have signed with other teams. Blake Buchanan, Iowa State, Day Day Ames, Cal, Cal Berkeley, and now Isaac McNeely, Louisville, a tough pill to swallow, seeing Louisville and Isaac McNeely next year when he's wearing Cardinal Red and not UVA Orange and Blue. But I wish Isaac McNeely next year when he's wearing cardinal red and not UVA orange and blue. But I wish Isaac McNeely nothing but the best of luck as he certainly chased a payday in what was best for him.

Judah Wichauer was fantastic all week long. Fantastic all week long. My name is Jerry Miller. Thank you for joining us on the I Love C-Ball Show. So long everybody...