1 00:00:00,000 --> 00:00:04,680 USA plays Iran today. It is also National Cream Pie Day. 2 00:00:04,680 --> 00:00:05,680 National Cream Pie Day. 3 00:00:05,680 --> 00:00:09,280 Gotta go get me a slice. Oh, lemon. My bad. Lemon cream pie. 4 00:00:09,280 --> 00:00:11,320 You just said National Cream Pie Day. 5 00:00:11,320 --> 00:00:14,000 National Cream Pie Day. 6 00:00:14,000 --> 00:00:15,920 Yeah, we're gonna have to go ahead and just... 7 00:00:15,920 --> 00:00:16,920 We'll just let that one ride. 8 00:00:16,920 --> 00:00:19,320 Oh, no, that's so great. That's gotta stay. 9 00:00:19,320 --> 00:00:21,320 That's so great. 10 00:00:21,320 --> 00:00:27,600 MUSIC 11 00:00:27,600 --> 00:00:32,200 Welcome, welcome, welcome back. Another episode of Value Nation. 12 00:00:32,200 --> 00:00:38,640 Big shout out to Big Blue Nation on a huge victory last week. 13 00:00:38,640 --> 00:00:40,520 Oh, yes. 14 00:00:40,520 --> 00:00:42,280 Got to get this started off like that. 15 00:00:42,280 --> 00:00:44,600 Anyways, moving on past that subject. 16 00:00:44,600 --> 00:00:45,880 Go Big Blue. 17 00:00:45,880 --> 00:00:47,800 Not even a fan, but just had to do it. 18 00:00:47,800 --> 00:00:49,000 Love seeing Ohio State Blues. 19 00:00:49,000 --> 00:00:52,440 Only because our boss is an Ohio State fan. 20 00:00:52,440 --> 00:00:53,240 Sucker. 21 00:00:53,240 --> 00:00:55,800 Big shout out, but welcome back. Welcome back, Value Nation. 22 00:00:55,800 --> 00:00:59,840 I'm here at you again for some wonderful market news 23 00:00:59,840 --> 00:01:00,840 that we're gonna talk about. 24 00:01:00,840 --> 00:01:02,520 You know, Chiefs victory Tuesday. 25 00:01:02,520 --> 00:01:05,080 What day is today? USA plays today. 26 00:01:05,080 --> 00:01:07,520 USA plays Iran today. 27 00:01:07,520 --> 00:01:09,560 It is also National Cream Pie Day. 28 00:01:09,560 --> 00:01:10,560 National Cream... 29 00:01:10,560 --> 00:01:14,000 Gotta go get me a slice. Oh, lemon. My bad. Lemon cream pie. 30 00:01:14,000 --> 00:01:16,240 You just said National Cream Pie Day. 31 00:01:16,240 --> 00:01:18,920 National Lemon Cream Pie Day. 32 00:01:18,920 --> 00:01:20,760 Yeah, we're gonna have to go ahead and just... 33 00:01:20,760 --> 00:01:21,760 We'll just let that one ride. 34 00:01:21,760 --> 00:01:24,320 Oh, no, that's so great. That's gotta stay. 35 00:01:24,320 --> 00:01:27,600 That's so great. 36 00:01:27,600 --> 00:01:29,880 My intro sucked, but that just saved it. 37 00:01:29,880 --> 00:01:30,880 It saved it. 38 00:01:30,880 --> 00:01:35,040 Oh, my God. My intro sucked so bad. 39 00:01:35,040 --> 00:01:38,320 Like, I know you don't pay attention to Chiefs news, but... 40 00:01:38,320 --> 00:01:40,920 Oh, I do. Mahomes just had his little baby boy. 41 00:01:40,920 --> 00:01:42,520 Yeah, the prodigy's been bored. 42 00:01:42,520 --> 00:01:45,360 It's like the scene from The Lion King right now 43 00:01:45,360 --> 00:01:49,440 where everybody's holding the baby up on Pride Rock. 44 00:01:49,440 --> 00:01:50,920 He in three, baby. 45 00:01:50,920 --> 00:01:52,920 Pride Rock. 46 00:01:52,920 --> 00:01:56,800 Did you see that, like, super, like, studded out... 47 00:01:56,800 --> 00:01:57,960 What's his middle name? 48 00:01:57,960 --> 00:01:58,960 Bronze. 49 00:01:58,960 --> 00:01:59,960 Bronze, yeah. 50 00:01:59,960 --> 00:02:02,080 They got him, like, some diamond studded necklace 51 00:02:02,080 --> 00:02:04,280 that the kid's never gonna be able to wear. 52 00:02:04,280 --> 00:02:07,320 Probably say he's at least, like, he's never gonna be able to hold his head up. 53 00:02:07,320 --> 00:02:08,320 It's the prodigy, man. 54 00:02:08,320 --> 00:02:09,320 It's gonna take a minute. 55 00:02:09,320 --> 00:02:13,120 It's the third edition, the third Patrick Mahomes. 56 00:02:13,120 --> 00:02:14,120 Is it really? 57 00:02:14,120 --> 00:02:15,720 Yeah, yeah, because he's a junior. 58 00:02:15,720 --> 00:02:20,320 His dad was senior, and his dad was a relief pitcher in Major League Baseball. 59 00:02:20,320 --> 00:02:21,040 Right. 60 00:02:21,040 --> 00:02:25,000 And then he went football, so we'll see where the young prodigy goes. 61 00:02:25,000 --> 00:02:27,520 But the reason I said the Chiefs' News is... 62 00:02:27,520 --> 00:02:30,280 So, Willie Gay is one of our starting linebackers, 63 00:02:30,280 --> 00:02:33,000 and he had, like, a domestic dispute last year, 64 00:02:33,000 --> 00:02:34,520 and nothing ended up happening. 65 00:02:34,520 --> 00:02:37,800 Like, he got in an argument with, like, baby mama or... 66 00:02:37,800 --> 00:02:40,880 I don't think it was wife, but he got, like, super mad 67 00:02:40,880 --> 00:02:44,760 and was like, get mad and broke a vacuum cleaner. 68 00:02:44,760 --> 00:02:46,240 She called the cops, but... 69 00:02:46,240 --> 00:02:47,960 Was it a gas-powered vacuum cleaner? 70 00:02:47,960 --> 00:02:51,280 Ha-ha! Bring it in, bring it in! 71 00:02:51,280 --> 00:02:52,520 Oh, my God. 72 00:02:52,520 --> 00:02:54,400 I don't know if it was nice, but... 73 00:02:54,400 --> 00:02:57,880 So, like, no files or anything as far as, like, he didn't touch her. 74 00:02:57,880 --> 00:03:00,960 He didn't do... He took his anger out on the vacuum cleaner. 75 00:03:00,960 --> 00:03:03,800 He got a four-game suspension for that. 76 00:03:03,800 --> 00:03:04,800 What? 77 00:03:04,800 --> 00:03:07,120 For breaking a Hoover vacuum? 78 00:03:07,120 --> 00:03:09,560 And, you know, the cops getting involved, domestic dispute stuff, 79 00:03:09,560 --> 00:03:12,160 but with everything that's going on with Sean Wasey, 80 00:03:12,160 --> 00:03:14,040 he gets 11 games, and he got four. 81 00:03:14,040 --> 00:03:15,960 Like, where's... 82 00:03:15,960 --> 00:03:19,160 Oh, there's honestly... There's no rhyme or reason. 83 00:03:19,160 --> 00:03:20,560 There really isn't, in the last... 84 00:03:20,560 --> 00:03:24,760 If you look at it over the last couple years, yeah, it's pretty bad. 85 00:03:24,760 --> 00:03:27,920 I mean, what's his name from Atlanta? 86 00:03:27,920 --> 00:03:31,960 The wider receiver got suspended for the season for gambling on his team. 87 00:03:31,960 --> 00:03:34,160 Calvin Ridley. Calvin Ridley. 88 00:03:34,160 --> 00:03:36,320 I mean, we're talking about gambling. 89 00:03:36,320 --> 00:03:40,680 We're not talking about the very questionable, you know, ear-muffet Jordan, 90 00:03:40,680 --> 00:03:45,120 you know, questionable actions of Sean Watson and all his assuicents. 91 00:03:45,120 --> 00:03:47,840 I mean, we'll look at P. Rose. 92 00:03:47,840 --> 00:03:49,440 Oh, yeah. He's a... 93 00:03:49,440 --> 00:03:51,880 He could talk on whole segments on that, I guess. 94 00:03:51,880 --> 00:03:54,920 And then... Is that a Mike's Heart Limit? 95 00:03:54,920 --> 00:03:57,320 Um, actually, no. And I don't know why I should be... 96 00:03:57,320 --> 00:04:00,120 It's actually... Oh, why is it blurred out? 97 00:04:00,120 --> 00:04:01,400 Copyright infringement. 98 00:04:01,400 --> 00:04:03,480 Hey, you know what we got to do? We'll tag the rock. 99 00:04:03,480 --> 00:04:06,920 You're like, hey, look at... Zoa, I'm here for you. 100 00:04:06,920 --> 00:04:09,920 Oh, is that one of his million brains he has? Yeah. 101 00:04:09,920 --> 00:04:12,160 Dude, it's so good. 102 00:04:12,160 --> 00:04:16,640 So we could bust into market news, like, what's today's... 103 00:04:16,640 --> 00:04:19,280 What's today's mortgage rate? 7.5%. 104 00:04:19,280 --> 00:04:21,920 Oh, God. All right. Let me see. 105 00:04:21,920 --> 00:04:23,200 What is today's mortgage rate? 106 00:04:23,200 --> 00:04:27,880 We should just bust in with what the 30-day fixed is every episode to start off. 107 00:04:27,880 --> 00:04:31,400 It is... That sounds like a terrible idea. 108 00:04:31,400 --> 00:04:33,400 People are going to cry over that. 109 00:04:34,960 --> 00:04:36,800 I'm kidding. I never know how to look it up, 110 00:04:36,800 --> 00:04:38,840 because, like, I go to Bankrate, I go to other places, 111 00:04:38,840 --> 00:04:40,440 but, you know, like, they're all different. 112 00:04:40,440 --> 00:04:43,640 Every lender's a little different. Like, what is the actual... 113 00:04:43,640 --> 00:04:45,640 What do you use to... Do you look it up? You actually... 114 00:04:45,640 --> 00:04:47,680 Yeah, I'm looking it up right now. 115 00:04:47,680 --> 00:04:49,800 Usually. We'll see. 116 00:04:49,800 --> 00:04:52,760 Today's 30-year fixed... 117 00:04:56,040 --> 00:04:58,880 30-year fixed rate mortgage rate today. 118 00:04:58,880 --> 00:05:01,000 Ba-ba-ba-ba-ba-ba. 119 00:05:01,000 --> 00:05:04,000 More like dun-dun-dun-dun. 120 00:05:04,000 --> 00:05:05,880 Today's magic number is... 121 00:05:05,880 --> 00:05:10,000 6.81, dropping finally below 7%. 122 00:05:10,000 --> 00:05:13,640 Look, I mean, it's great, 123 00:05:13,640 --> 00:05:19,000 and it also really hurts the potential home buyers, obviously. 124 00:05:19,000 --> 00:05:21,400 But... And but why? 125 00:05:21,400 --> 00:05:23,200 Because the buying power... 126 00:05:23,200 --> 00:05:24,200 I mean, you made a good point. 127 00:05:24,200 --> 00:05:26,200 Like, the... 128 00:05:27,720 --> 00:05:30,200 Is it a good time to buy? Sure, there's not a lot of competition, 129 00:05:30,200 --> 00:05:36,120 not a lot of people are really wanting to take on that mortgage payment. 130 00:05:36,120 --> 00:05:40,600 That, you know, because it's more, right? It's a lot more. 131 00:05:40,600 --> 00:05:47,120 Those rates are so high that it decreased the buying power for a lot of people. 132 00:05:47,120 --> 00:05:51,640 Yeah, because also rates fluctuate based on your credit score as well, right? 133 00:05:51,640 --> 00:05:52,640 Like, so that 6.8 points... 134 00:05:52,640 --> 00:05:56,680 Yeah, down payment, all those kinds of things come into play, right? 135 00:05:56,680 --> 00:06:00,000 740 and over is where you're going to get that premium rate. 136 00:06:00,000 --> 00:06:01,760 And then there's another window below that. 137 00:06:01,760 --> 00:06:05,000 The rate changes some points and so forth. 138 00:06:05,000 --> 00:06:07,080 So, yeah, it does affect. 139 00:06:07,080 --> 00:06:10,240 But I mean, in the grand scheme of things right now, it is... 140 00:06:10,240 --> 00:06:11,880 If you go out and look, homes aren't... 141 00:06:11,880 --> 00:06:15,920 You know, just a year ago, homes were going for 30,000 over list price, 142 00:06:15,920 --> 00:06:18,440 $40,000 over list price. 143 00:06:18,440 --> 00:06:22,440 So we're missing out on homes unless you had that much money in pocket 144 00:06:22,440 --> 00:06:28,240 to pay over appraisal and which helped drive up the home values. 145 00:06:28,240 --> 00:06:31,080 Now, things are kind of flattening out 146 00:06:31,080 --> 00:06:33,680 and you're able to buy a home at list price 147 00:06:33,680 --> 00:06:38,520 and even get seller concessions where you can get closing costs paid for. 148 00:06:38,520 --> 00:06:41,560 Yes, you're paying more per month on your mortgage 149 00:06:41,560 --> 00:06:44,560 because your interest rate is two points higher than what it was, 150 00:06:44,560 --> 00:06:46,520 two and a half, three points higher than what it was. 151 00:06:46,520 --> 00:06:48,960 I guess in some cases, four. It was down to two. 152 00:06:48,960 --> 00:06:51,920 Yeah, no, because they were down below... 153 00:06:51,920 --> 00:06:53,280 Yeah, down to two. 154 00:06:53,280 --> 00:06:57,240 Yeah, if you have the pristine credit score, you can get something. 155 00:06:57,240 --> 00:07:00,680 But so, yeah, it is a difference of a couple hundred dollars a month. 156 00:07:00,680 --> 00:07:04,400 But would you rather pay $40,000 out of your pocket right now, 157 00:07:04,400 --> 00:07:06,520 the second you're buying the house, 158 00:07:06,520 --> 00:07:09,080 or save that 40 grand upfront, 159 00:07:09,080 --> 00:07:12,440 an additional $200 a month on your mortgage payment 160 00:07:12,440 --> 00:07:15,360 and then rates will eventually correct themselves a little bit 161 00:07:15,360 --> 00:07:17,840 and when they get back down to the fours and the fives, you refinance 162 00:07:17,840 --> 00:07:20,280 and then it's done. You saved yourself that. 163 00:07:20,280 --> 00:07:22,760 You spent $40,000. 164 00:07:22,760 --> 00:07:26,280 Yes, and then if you got the cash, some cash, 165 00:07:26,280 --> 00:07:30,720 and you can support that higher payment, right? 166 00:07:30,720 --> 00:07:34,800 Because there was a great example that's out there right now 167 00:07:34,800 --> 00:07:36,600 and they probably just use it for round numbers, 168 00:07:36,600 --> 00:07:39,440 but like a $400,000 house, right? 169 00:07:39,440 --> 00:07:41,240 30-year fixed. 170 00:07:41,240 --> 00:07:45,960 What was it? What you could get it for two years ago versus today 171 00:07:45,960 --> 00:07:47,880 because of the rate, just rate alone, right? 172 00:07:47,880 --> 00:07:48,880 Yeah. 173 00:07:48,880 --> 00:07:53,240 All things equal, like down payment, PMI, everything like that. 174 00:07:53,240 --> 00:07:57,680 They were talking about it being at $1,000 more today per month 175 00:07:57,680 --> 00:07:59,800 for a $400,000 out. 176 00:07:59,800 --> 00:08:00,800 Because of the interest rate. 177 00:08:00,800 --> 00:08:03,680 Because of the interest rate versus last year, right? 178 00:08:03,680 --> 00:08:07,840 Man, a grand, an extra grand, that changes the game for a lot of people. 179 00:08:07,840 --> 00:08:10,480 It does, but you could still go with, 180 00:08:10,480 --> 00:08:14,560 if we're basing on the same thing, so say that house was listed at $400,000. 181 00:08:14,560 --> 00:08:18,240 Right now, you could buy that house for $400,000. 182 00:08:18,240 --> 00:08:21,760 If not, maybe slightly below and get 183 00:08:21,760 --> 00:08:24,000 5% help on your close cost. 184 00:08:24,000 --> 00:08:27,600 So you could get maybe $1,250 to help you, $1,500 to help you. 185 00:08:27,600 --> 00:08:29,520 And there's a lot of the first time home buyer credits 186 00:08:29,520 --> 00:08:31,360 and a lot of those other things that can come into play, right? 187 00:08:31,360 --> 00:08:34,680 To help lessen the blow. 188 00:08:34,680 --> 00:08:35,840 Man, that's a... 189 00:08:35,840 --> 00:08:38,600 But then think though, a year ago, you're trying to buy 190 00:08:38,600 --> 00:08:41,360 that same $400,000 house when the market was insane 191 00:08:41,360 --> 00:08:42,760 and everybody was trying to buy, 192 00:08:42,760 --> 00:08:48,800 you may end up having to pay $440,000 for that $400,000 house 193 00:08:48,800 --> 00:08:52,320 because you're going to have to pay $40,000 out of pocket, 194 00:08:52,320 --> 00:08:56,240 over listing price, over appraised value to buy that house. 195 00:08:56,240 --> 00:08:58,200 So then how many months is it going to take? 196 00:08:58,200 --> 00:09:02,200 So that's three and a half years or so of that extra thousand to equal 197 00:09:02,200 --> 00:09:05,680 the $40,000 you had to pay upfront to move that house in addition. 198 00:09:05,680 --> 00:09:09,120 Well, I think we're going to find that there's going to be a lot of people 199 00:09:09,120 --> 00:09:11,560 in a real tricky situation, right? 200 00:09:11,560 --> 00:09:14,400 Because of the last couple of years and the way home values went. 201 00:09:14,400 --> 00:09:16,400 And who are they going to point the finger at? 202 00:09:16,400 --> 00:09:19,480 I mean, like obviously us and appraisers 203 00:09:19,480 --> 00:09:24,800 because we were the ones that handed over the appraisals at the values. 204 00:09:24,800 --> 00:09:27,520 But to your point, there's a lot of those guys, 205 00:09:27,520 --> 00:09:31,880 a lot of those borrowers that came out of pocket and even more. 206 00:09:31,880 --> 00:09:36,120 Like one great example I have from last year was in, 207 00:09:36,120 --> 00:09:38,400 I think it was Marlton, New Jersey. 208 00:09:38,400 --> 00:09:42,360 It was a very like average like home, not like a starter home, 209 00:09:42,360 --> 00:09:44,120 but I think it was like, I don't know, 210 00:09:44,120 --> 00:09:47,400 2500 square feet, 3000 square feet. 211 00:09:47,400 --> 00:09:50,400 There wasn't anything really spectacular, 212 00:09:50,400 --> 00:09:53,560 but this family really, really wanted to be there. 213 00:09:53,560 --> 00:09:57,280 And they really wanted to be in this school district. 214 00:09:57,280 --> 00:09:59,480 Yeah, a home speaks to you. 215 00:09:59,480 --> 00:10:02,120 Sometimes there's that feeling of when you walk into a home 216 00:10:02,120 --> 00:10:03,840 and it kind of speaks to you. 217 00:10:03,840 --> 00:10:07,400 Yeah. I mean, I think we've all had that experience once or twice, right? 218 00:10:07,400 --> 00:10:12,040 And whether you can really pull the trigger on it or not is a different story. 219 00:10:12,040 --> 00:10:15,200 But these people, they got the appraisal done, 220 00:10:15,200 --> 00:10:20,760 they came in like just over the list price. 221 00:10:20,760 --> 00:10:22,840 And then they got into a bidding war. 222 00:10:22,840 --> 00:10:28,960 And then these guys paid $150,000 cash over asking price. 223 00:10:28,960 --> 00:10:30,040 Stop it. 224 00:10:30,040 --> 00:10:31,840 The LO came back to me like a week later. 225 00:10:31,840 --> 00:10:33,880 He goes, you're not going to believe this. 226 00:10:33,880 --> 00:10:38,760 He goes, they got into a bidding war and this guy pulled out 150k cash. 227 00:10:38,760 --> 00:10:40,400 Stop it. 228 00:10:40,400 --> 00:10:43,120 And I'm like, and then he wanted to come back. 229 00:10:43,120 --> 00:10:47,040 He's like, he's planning to come back and maybe refi. 230 00:10:47,040 --> 00:10:51,680 Like, hey, we're going to end up in a whole world of problems. 231 00:10:51,680 --> 00:10:54,960 You need to tell your borrower that he's, A, insane. 232 00:10:54,960 --> 00:10:58,480 And B, he's going to need to sit on this for a minute to see what happens. 233 00:10:58,480 --> 00:11:04,320 Because even the appraiser, like we had, we engaged the appraiser again, 234 00:11:04,320 --> 00:11:06,240 just say, hey, hypothetically. 235 00:11:06,240 --> 00:11:07,600 The appraiser doesn't want to touch. 236 00:11:07,600 --> 00:11:09,200 He's like, no, I'm good. 237 00:11:09,200 --> 00:11:14,880 Yeah, well, it's like, there's no, there's no worldly way I could hit this appraised value 238 00:11:14,880 --> 00:11:16,000 billion whatsoever. 239 00:11:16,000 --> 00:11:16,720 Yeah. 240 00:11:16,720 --> 00:11:18,480 And like, to be fair, that did happen a lot. 241 00:11:18,480 --> 00:11:19,440 Like, everybody was aware. 242 00:11:19,440 --> 00:11:22,880 150k was the biggest number I saw in the last two years, right? 243 00:11:22,880 --> 00:11:23,760 That's a big one. 244 00:11:23,760 --> 00:11:24,240 You're right. 245 00:11:24,240 --> 00:11:28,960 Like, you're hitting it like 30, maybe 30 and 50, I think was, we saw a lot of. 246 00:11:28,960 --> 00:11:29,840 It was common. 247 00:11:29,840 --> 00:11:34,880 Like, that's something that used to be uncommon, but that became common in certain markets. 248 00:11:34,880 --> 00:11:37,680 Obviously, it's all based on percentages, you know. 249 00:11:37,680 --> 00:11:40,960 Yeah, like around me, like the Northern Virginia market. 250 00:11:40,960 --> 00:11:42,400 Forward of 500,000 houses. 251 00:11:42,960 --> 00:11:44,640 You wouldn't bat an eye seeing 40,000. 252 00:11:44,640 --> 00:11:47,520 Like, let's take now that game changes at 200,000 houses. 253 00:11:47,520 --> 00:11:51,360 Obviously, it's all relative to the starting point, right? 254 00:11:52,160 --> 00:11:54,480 Portland area, you were seeing stuff going crazy high. 255 00:11:55,360 --> 00:11:59,360 Well, so yeah, there's some stats out there about, specifically about the West Coast 256 00:12:00,240 --> 00:12:02,880 and the values and how they skyrocketed, right? 257 00:12:02,880 --> 00:12:06,880 Over the last couple of years, some major Metro areas, you know, 258 00:12:06,880 --> 00:12:11,200 whether it's Cali, the Northwest was another one. 259 00:12:11,200 --> 00:12:12,160 Utah was another one. 260 00:12:13,440 --> 00:12:18,640 And then obviously, Texas, because they always have, there's always a surge in like Austin, 261 00:12:18,640 --> 00:12:19,520 for instance. 262 00:12:19,520 --> 00:12:20,020 Yeah. 263 00:12:20,480 --> 00:12:22,400 Those markets, there was like top 10 markets. 264 00:12:23,040 --> 00:12:30,880 They were all West Coast that increased the most year over year in like this median sales price. 265 00:12:30,880 --> 00:12:35,440 You know, upwards of like somewhere like 15% higher than pre-COVID. 266 00:12:36,160 --> 00:12:39,520 Like it was insane, insane. 267 00:12:40,720 --> 00:12:47,520 And now they're starting to, now with the rates as they are and people not wanting to sell their homes, 268 00:12:47,520 --> 00:12:49,920 like we're starting to see the correction, right? 269 00:12:50,720 --> 00:12:52,800 So this is where we're getting at. 270 00:12:52,800 --> 00:12:58,720 Values are going to have to come back down and normalize or, you know, the median sales price is going to normalize. 271 00:12:58,720 --> 00:12:59,220 Normalize. 272 00:12:59,220 --> 00:13:07,120 I think our old normal of what we're used to is never going to come back as far as home value. 273 00:13:07,120 --> 00:13:08,000 I agree with you. 274 00:13:08,000 --> 00:13:14,480 Like, I feel like a lot of people, like if you've been in the housing game for a while or owned your house for 10 plus years, 275 00:13:14,480 --> 00:13:16,720 and like what you come to think your neighborhood is worth, 276 00:13:16,720 --> 00:13:19,520 like the kind of range of homes in your neighborhood, 277 00:13:19,520 --> 00:13:23,520 that value that's stuck in your head from five, 10 years ago, I think it's long gone. 278 00:13:23,520 --> 00:13:25,280 I don't think it ever went down that far. 279 00:13:25,280 --> 00:13:31,200 Well, no, and there's a lot of emotion in it too, when it's yours, you know? 280 00:13:31,200 --> 00:13:32,160 Yeah. Yeah. 281 00:13:32,160 --> 00:13:34,560 Everybody always thinks their home is worth more than what it is. 282 00:13:34,560 --> 00:13:35,440 It's your home, right? 283 00:13:35,440 --> 00:13:35,940 Yeah. 284 00:13:35,940 --> 00:13:42,640 But I'm just talking about, I just still can't get, for my example, like say I live in nothing special, 285 00:13:42,640 --> 00:13:43,600 just, you know, a track home. 286 00:13:44,800 --> 00:13:49,440 In my mind, the values in this neighborhood, what they are compared to like what is still stuck in my brain, 287 00:13:49,440 --> 00:13:52,320 to what I think these homes are worth, I still can't make sense of it. 288 00:13:52,320 --> 00:13:55,600 I don't think it's ever going to drop back down to where my brain locks them in at. 289 00:13:56,400 --> 00:13:57,840 So I'll give you an example. 290 00:13:58,800 --> 00:14:00,560 I pulled up some data. 291 00:14:00,560 --> 00:14:03,040 Oh, data time! 292 00:14:03,040 --> 00:14:05,360 We actually have, is this our first facts? 293 00:14:06,400 --> 00:14:08,240 Fun facts, fun facts, my valuation? 294 00:14:08,240 --> 00:14:09,920 Fun facts, valuation. 295 00:14:09,920 --> 00:14:10,800 Hashtag. 296 00:14:10,800 --> 00:14:16,720 Okay. So March of 2020 to June of 2022. 297 00:14:16,720 --> 00:14:22,640 Take a wild guess as to how much the median home price increased. 298 00:14:24,320 --> 00:14:26,320 So from the very beginning of COVID. 299 00:14:26,320 --> 00:14:27,920 Start of COVID to this summer. 300 00:14:28,720 --> 00:14:30,240 To this summer. Oh my gosh. 301 00:14:32,400 --> 00:14:35,600 Like a realistic guess or a for shock value guess? 302 00:14:35,600 --> 00:14:38,960 Realistic guess, I'd say like 18% or so. 303 00:14:38,960 --> 00:14:40,000 18%? 304 00:14:40,000 --> 00:14:40,500 Yeah. 305 00:14:41,120 --> 00:14:42,880 That's pretty conservative, my friend. 306 00:14:43,520 --> 00:14:44,240 So. 307 00:14:44,240 --> 00:14:44,740 25%. 308 00:14:44,740 --> 00:14:46,660 25%. Okay. You're still short. 309 00:14:47,380 --> 00:14:48,180 What? 310 00:14:48,180 --> 00:14:49,940 Yeah. Yeah. This is going to blow your mind. 311 00:14:49,940 --> 00:14:52,260 All right. 47% increase. 312 00:14:53,860 --> 00:14:56,100 47% across the country. 313 00:14:56,100 --> 00:14:58,420 Now that's, that's median across the country, right? 314 00:14:58,420 --> 00:15:05,300 So we're talking like 280k up to like 413, 414, something like that. 315 00:15:06,820 --> 00:15:08,100 200k up to five. 316 00:15:08,740 --> 00:15:09,460 That's nuts. 317 00:15:10,260 --> 00:15:11,140 So now. 318 00:15:11,140 --> 00:15:11,940 Oh no, 47%. 319 00:15:12,660 --> 00:15:13,300 47, yeah. 320 00:15:13,300 --> 00:15:13,860 Yeah, yeah, yeah. 321 00:15:13,860 --> 00:15:16,820 So we're talking about the corrections, right? 322 00:15:16,820 --> 00:15:25,460 So looking at MBA stats from last month, from September to October, the end of October. 323 00:15:25,460 --> 00:15:29,780 And we're going to have the new ones, I guess, for November, like later this week or next week. 324 00:15:31,540 --> 00:15:32,500 It's already dropped. 325 00:15:32,500 --> 00:15:36,500 The median's already dropped down to 379 across the country. 326 00:15:37,620 --> 00:15:39,380 So we're starting at 413. 327 00:15:40,020 --> 00:15:41,300 Now we're down to 379. 328 00:15:41,300 --> 00:15:45,300 Yeah. So yeah, so we're getting there. 329 00:15:45,300 --> 00:15:49,380 Like there's some, there's some of the chief economists, you know, the guys that are way 330 00:15:49,380 --> 00:15:50,100 smarter than us. 331 00:15:51,700 --> 00:15:54,500 They were just because they pay attention to the econ class. 332 00:15:54,500 --> 00:15:55,620 Econ class is horrible. 333 00:15:55,620 --> 00:15:56,980 This is like Mike Moore. 334 00:15:56,980 --> 00:15:58,340 He's just that econ guy. 335 00:15:58,340 --> 00:15:59,060 Oh my gosh. 336 00:15:59,060 --> 00:15:59,860 He just, he can go. 337 00:15:59,860 --> 00:16:00,740 Okay. 338 00:16:00,740 --> 00:16:01,380 He can go. 339 00:16:01,940 --> 00:16:02,820 He could go for it. 340 00:16:02,820 --> 00:16:09,460 Yeah. So like some of them are super crazy in their, in their projections. 341 00:16:09,460 --> 00:16:14,180 Talking about like maybe a 15 to 20% correction across the country. 342 00:16:14,180 --> 00:16:14,980 That's huge. 343 00:16:15,620 --> 00:16:18,660 That's a big correction, but it kind of goes back to my earlier point. 344 00:16:19,300 --> 00:16:21,780 We're never going to get back down to that baseline zero. 345 00:16:21,780 --> 00:16:25,540 Let me get to it went up 47, 48% and corrects 20%. 346 00:16:25,540 --> 00:16:28,660 I mean, it's still up 20 plus percent from what it was. 347 00:16:30,660 --> 00:16:31,780 The big market crash. 348 00:16:31,780 --> 00:16:34,900 I think we've said this multiple times on this show, but the big market crash is never going 349 00:16:34,900 --> 00:16:35,400 to happen. 350 00:16:35,400 --> 00:16:41,800 There's no, there's, there's enough things in place to, to prevent that. 351 00:16:41,800 --> 00:16:42,300 Right. 352 00:16:43,400 --> 00:16:44,520 Hopefully that's been the plan. 353 00:16:44,520 --> 00:16:45,800 That's why we're here. 354 00:16:45,800 --> 00:16:46,120 Hopefully. 355 00:16:46,120 --> 00:16:46,680 Fingers crossed. 356 00:16:47,240 --> 00:16:47,800 Fingers crossed. 357 00:16:49,240 --> 00:16:54,200 But yeah, I mean, I would think, I would think that maybe a five to 10% 358 00:16:55,560 --> 00:16:58,200 correction is probably more realistic personally. 359 00:16:58,200 --> 00:17:03,880 But again, these guys, you know, they make way more money than us or so that you would 360 00:17:03,880 --> 00:17:04,380 think. 361 00:17:04,380 --> 00:17:11,100 I mean, they're out there spitting numbers, doing pie charts, pivot tables. 362 00:17:12,140 --> 00:17:13,740 You know how long it takes me to do a pivot table? 363 00:17:14,700 --> 00:17:15,420 Really? 364 00:17:15,420 --> 00:17:16,940 Like I just don't use them that often. 365 00:17:17,740 --> 00:17:18,240 Yeah. 366 00:17:19,020 --> 00:17:19,520 Yeah. 367 00:17:19,820 --> 00:17:20,780 I've gotten more and more. 368 00:17:20,780 --> 00:17:21,500 I love Excel. 369 00:17:21,500 --> 00:17:22,300 Excel is amazing. 370 00:17:23,420 --> 00:17:25,420 Oh, Excel is amazing. 371 00:17:25,420 --> 00:17:28,860 I was an accounting major, so I had to get, oh, so you're part of the problem. 372 00:17:28,860 --> 00:17:29,360 Yeah. 373 00:17:29,900 --> 00:17:31,740 I had to get very comfortable with Excel. 374 00:17:31,740 --> 00:17:32,240 Yeah. 375 00:17:32,240 --> 00:17:33,760 Fun fact. 376 00:17:33,760 --> 00:17:36,000 Did you finish with accounting major? 377 00:17:36,000 --> 00:17:37,360 You finished with an accounting major? 378 00:17:37,360 --> 00:17:38,720 Yeah, I'm a BSA. 379 00:17:38,720 --> 00:17:39,220 Okay. 380 00:17:40,880 --> 00:17:45,520 And I went to school long enough to where I didn't even need the bachelor's program 381 00:17:45,520 --> 00:17:46,400 to sit for the CPA. 382 00:17:46,400 --> 00:17:48,720 I had so many college credit hours. 383 00:17:48,720 --> 00:17:49,280 Six years. 384 00:17:49,280 --> 00:17:52,160 Because I did two years of community college, didn't really know what I wanted to do. 385 00:17:53,280 --> 00:17:57,280 Then went to UMKC to go get the, let's go Roos, kangaroos, baby. 386 00:17:57,280 --> 00:18:02,640 And kind of started as a business admin and took a couple of the basic level accounting 387 00:18:02,640 --> 00:18:05,520 classes, talked to a professor, kind of tried mentoring me. 388 00:18:05,520 --> 00:18:10,400 They're like, hey, you seem to get this much more focused career than just business admin. 389 00:18:10,400 --> 00:18:12,560 And so then I switched over to that. 390 00:18:13,120 --> 00:18:16,800 And so then that was extremely difficult and probably one of the worst decisions I've ever 391 00:18:16,800 --> 00:18:17,300 made in my life. 392 00:18:17,920 --> 00:18:18,880 It was so hard. 393 00:18:19,520 --> 00:18:21,120 Like my brain does not work. 394 00:18:21,760 --> 00:18:23,520 And I am a numbers guy. 395 00:18:23,520 --> 00:18:28,480 I am a numbers guy. Accounting is not numbers focused. 396 00:18:28,480 --> 00:18:34,720 Accounting is general principles, guidelines, and how you use those differently. 397 00:18:34,720 --> 00:18:38,000 It's not numbers. 398 00:18:38,000 --> 00:18:42,320 I mean, yes, numbers are involved, but it's more rules, guidelines, how you apply this, 399 00:18:42,320 --> 00:18:43,520 where you could apply that. 400 00:18:43,520 --> 00:18:44,720 There's different ways to do it. 401 00:18:44,720 --> 00:18:45,920 It's just whichever one you choose. 402 00:18:45,920 --> 00:18:48,240 You have to be consistent with what method of accounting you're using. 403 00:18:49,360 --> 00:18:50,240 It was not for me. 404 00:18:50,240 --> 00:18:51,360 It did not work for my brain. 405 00:18:51,360 --> 00:18:53,520 It was a little more abstract than I thought it would be. 406 00:18:53,520 --> 00:18:55,200 I'm an engineer's brain. 407 00:18:55,200 --> 00:18:57,600 I should have followed in dad's footsteps and gone engineering. 408 00:18:58,240 --> 00:18:59,120 What kind of engineer? 409 00:19:00,400 --> 00:19:01,600 He was a civil engineer. 410 00:19:01,600 --> 00:19:05,200 He was on bulk material and handling. 411 00:19:05,200 --> 00:19:08,560 He did moving coal and coal fire power plants. 412 00:19:10,000 --> 00:19:13,360 He worked a lot internationally, obviously, because the US hates coal. 413 00:19:14,560 --> 00:19:18,640 But yeah, he would design the system on getting the coal from, 414 00:19:18,640 --> 00:19:22,800 like if it was from the barge or ship, how to get it from the water to the power plant, 415 00:19:22,800 --> 00:19:27,920 or if it was coming out of a mine, how to transport it from the mine to the power plant. 416 00:19:27,920 --> 00:19:28,560 Oh, there you go. 417 00:19:28,560 --> 00:19:30,000 No, he did some pretty cool stuff. 418 00:19:30,000 --> 00:19:31,280 He got to travel the world, didn't he? 419 00:19:32,080 --> 00:19:32,960 That's pretty cool. 420 00:19:32,960 --> 00:19:34,080 Yeah, no, he didn't put coal. 421 00:19:34,080 --> 00:19:34,720 It's pretty cool. 422 00:19:35,360 --> 00:19:37,280 He would spend a little bit of time in Mother Russia? 423 00:19:38,800 --> 00:19:40,400 No, surprisingly. 424 00:19:40,400 --> 00:19:45,360 The ones that come to mind, like Indonesia, Philippines, Hong Kong, South Africa, 425 00:19:45,360 --> 00:19:50,640 those were like the big jobs I remember, because some jobs would be gone for two and a half years. 426 00:19:50,640 --> 00:19:52,400 The Philippines? 427 00:19:52,400 --> 00:19:54,080 Wait, did you say two and a half years? 428 00:19:56,080 --> 00:19:57,120 Yeah, Ricky. 429 00:19:57,120 --> 00:19:58,000 Did you get to go visit? 430 00:19:58,560 --> 00:20:01,840 Man, this is still a sore subject. 431 00:20:04,160 --> 00:20:06,480 My father had sole custody of me and my sisters. 432 00:20:07,360 --> 00:20:08,720 Visitation for the mom. 433 00:20:09,280 --> 00:20:13,520 When I was like eight or nine, so my sisters would have been like 11, 12. 434 00:20:13,520 --> 00:20:16,400 He got offered a gig in Thailand. 435 00:20:17,120 --> 00:20:20,320 It was going to be a minimum six-month job, move there. 436 00:20:21,120 --> 00:20:26,800 He had it all set up and he was going to take my sisters and I to Thailand, live there, 437 00:20:26,800 --> 00:20:30,800 six months minimum, probably was going to end up being a year, go to international school. 438 00:20:30,800 --> 00:20:34,640 You know how cool of an opportunity and experience that would have been? 439 00:20:34,640 --> 00:20:35,280 Oh, yeah. 440 00:20:35,280 --> 00:20:38,000 I was like in sixth grade, but it got shot down. 441 00:20:38,000 --> 00:20:41,840 I think my mom stepped in and went and moored up and was like, no, 442 00:20:41,840 --> 00:20:43,440 that would have been so freaking cool. 443 00:20:43,440 --> 00:20:44,480 Come on, mom. 444 00:20:44,480 --> 00:20:45,520 I know, man. 445 00:20:45,520 --> 00:20:50,160 So I've never done really any international traveling. 446 00:20:50,160 --> 00:20:50,960 I'm boring, man. 447 00:20:50,960 --> 00:20:53,360 Most I've done is the British Virgin Islands. 448 00:20:53,360 --> 00:20:54,560 That's it for me. 449 00:20:54,560 --> 00:20:58,800 I mean, I've gotten to use the passport once, British Virgin Islands. 450 00:20:58,800 --> 00:21:00,160 Those stamps, man. 451 00:21:00,160 --> 00:21:00,960 I know. 452 00:21:00,960 --> 00:21:02,480 I haven't even gone to Mexico. 453 00:21:04,000 --> 00:21:05,520 Like everybody's gone to Mexico. 454 00:21:05,520 --> 00:21:06,400 Everybody's gone to Mexico. 455 00:21:06,400 --> 00:21:07,440 You got to go to the VR. 456 00:21:07,440 --> 00:21:09,440 We did VR last year. 457 00:21:09,440 --> 00:21:12,000 I heard the DR is pretty fun. 458 00:21:12,000 --> 00:21:13,040 It is fun. 459 00:21:13,040 --> 00:21:16,720 Yeah, but I can't really afford any of it right now. 460 00:21:16,720 --> 00:21:20,320 But you know what people can afford right now if they're taking advantage of the equity 461 00:21:20,320 --> 00:21:26,720 in their house is they can afford to do some home renovations to keep that house 462 00:21:28,320 --> 00:21:32,720 from climbing down just not quite as far as the percentage is dropping. 463 00:21:32,720 --> 00:21:33,360 Right. 464 00:21:33,360 --> 00:21:34,960 Let's talk about 465 00:21:34,960 --> 00:21:38,000 who decorated your tree because that does not look like you. 466 00:21:38,000 --> 00:21:38,960 I don't think you did that. 467 00:21:38,960 --> 00:21:39,520 Yeah. 468 00:21:39,520 --> 00:21:40,080 No. 469 00:21:40,080 --> 00:21:41,360 So the ribbon. 470 00:21:41,360 --> 00:21:42,560 Yeah, I did the ribbon. 471 00:21:42,560 --> 00:21:46,240 So Grace, my daughter always she does the ornaments. 472 00:21:46,240 --> 00:21:47,680 Like that's her job. 473 00:21:47,680 --> 00:21:49,680 And this is actually a new tree this year. 474 00:21:49,680 --> 00:21:51,280 I finally got a pretty good tree. 475 00:21:51,280 --> 00:21:52,080 Oh my gosh. 476 00:21:52,080 --> 00:21:53,120 I finally got it. 477 00:21:53,120 --> 00:21:54,480 You didn't cut it down. 478 00:21:54,480 --> 00:21:55,360 Man, I had. 479 00:21:55,360 --> 00:21:56,720 Yeah, no, I'm sorry. 480 00:21:56,720 --> 00:21:59,600 But I have strung the lights every year for like the past six years. 481 00:21:59,600 --> 00:22:01,200 And like I've seen it. 482 00:22:01,200 --> 00:22:02,000 I've seen it. 483 00:22:02,000 --> 00:22:05,280 I've strung the lights every year for like the past six years and like I was like, screw 484 00:22:05,280 --> 00:22:06,480 this. I'm getting a pre-lay. 485 00:22:06,480 --> 00:22:07,200 So yeah, I did. 486 00:22:07,200 --> 00:22:08,560 I put the tree together. 487 00:22:08,560 --> 00:22:12,160 I did the ribbon and then she comes after the ribbons on and does it. 488 00:22:12,880 --> 00:22:14,320 Does the other ornaments. 489 00:22:14,320 --> 00:22:15,360 Look at you. 490 00:22:15,360 --> 00:22:16,720 The Martha Stewart touch. 491 00:22:16,720 --> 00:22:19,360 I'm a see you got the Patty Mahomes right here, man. 492 00:22:20,080 --> 00:22:20,880 Yeah. 493 00:22:20,880 --> 00:22:22,320 Is that a is that the Chuck E. 494 00:22:22,320 --> 00:22:26,560 Cheese Mouse next to that is a terrible rendition of Casey Wolf. 495 00:22:27,440 --> 00:22:28,720 She's got. 496 00:22:28,720 --> 00:22:31,040 Yeah, this is this is that's the Chuck E. 497 00:22:31,040 --> 00:22:31,600 Cheese Mouse. 498 00:22:31,600 --> 00:22:34,320 This is a I think Grace made this actually. 499 00:22:34,320 --> 00:22:37,200 My daughter, I think it does kind of look like a Chuck E. 500 00:22:37,200 --> 00:22:37,920 Cheese guy. 501 00:22:37,920 --> 00:22:42,480 OK, so Grace, if you're listening, I know you are because you love your dad. 502 00:22:43,920 --> 00:22:44,880 It's a great job. 503 00:22:44,880 --> 00:22:45,680 Yeah, you did great. 504 00:22:45,680 --> 00:22:46,560 It was years ago. 505 00:22:47,360 --> 00:22:50,080 She managed got braces today. 506 00:22:50,080 --> 00:22:50,800 Big day. 507 00:22:50,800 --> 00:22:51,200 Big day. 508 00:22:51,920 --> 00:22:52,240 Yeah. 509 00:22:52,240 --> 00:22:53,200 Grace Braceface. 510 00:22:54,000 --> 00:22:54,480 Don't do that. 511 00:22:55,200 --> 00:22:56,160 What kind of dad are you? 512 00:22:56,160 --> 00:22:56,480 Come on. 513 00:22:56,480 --> 00:22:57,280 So mouthful. 514 00:22:57,280 --> 00:23:02,080 The Eddars she she got she got a braces on this morning. 515 00:23:02,080 --> 00:23:02,800 Can you see this? 516 00:23:03,840 --> 00:23:05,040 I need to get some braces. 517 00:23:05,760 --> 00:23:06,640 That looks great. 518 00:23:06,640 --> 00:23:08,080 Now you did that yourself. 519 00:23:08,080 --> 00:23:08,960 It's all blurry. 520 00:23:10,400 --> 00:23:13,200 Yeah, I'm going to I'll text it to you. 521 00:23:13,200 --> 00:23:14,080 It's pretty fabulous. 522 00:23:14,080 --> 00:23:14,640 I'm not going to lie. 523 00:23:14,640 --> 00:23:16,080 It's like a nine footer. 524 00:23:16,080 --> 00:23:16,640 Oh, nice. 525 00:23:17,280 --> 00:23:18,480 Got in there with saw. 526 00:23:18,480 --> 00:23:19,040 Cut it down. 527 00:23:19,040 --> 00:23:20,400 Let London cut it down. 528 00:23:21,200 --> 00:23:23,200 Oh, yeah, you go natural. 529 00:23:23,200 --> 00:23:24,000 I forgot about that. 530 00:23:24,800 --> 00:23:25,440 All natural. 531 00:23:25,440 --> 00:23:26,960 All natural. 532 00:23:27,680 --> 00:23:27,920 Yep. 533 00:23:29,280 --> 00:23:30,320 It's an experience. 534 00:23:30,320 --> 00:23:31,360 So she got to cut it down. 535 00:23:31,360 --> 00:23:33,120 She got in there with the saw herself. 536 00:23:33,120 --> 00:23:33,600 Yeah. 537 00:23:33,600 --> 00:23:34,240 Yeah. 538 00:23:34,240 --> 00:23:35,600 The last couple of years. 539 00:23:35,600 --> 00:23:36,320 Yeah, it's been fun. 540 00:23:36,320 --> 00:23:39,280 We've been doing it since she was like she was four. 541 00:23:40,640 --> 00:23:43,040 So, you know, seven, six, seven years. 542 00:23:43,040 --> 00:23:45,120 So it's a running tradition now. 543 00:23:45,120 --> 00:23:46,240 I'd like to go natural. 544 00:23:46,240 --> 00:23:47,040 There's something to be said. 545 00:23:47,040 --> 00:23:47,520 The smell. 546 00:23:48,160 --> 00:23:51,120 It just it is it is cool. 547 00:23:51,120 --> 00:23:53,200 We used to when I was a kid, we always did natural. 548 00:23:53,200 --> 00:23:56,080 My dad always took his table to the tree. 549 00:23:56,080 --> 00:23:59,360 But I'd like to go nine foot, but the stupid ceiling has a slant. 550 00:23:59,360 --> 00:24:02,960 Like this is the best spot in my little living room here for this tree. 551 00:24:02,960 --> 00:24:04,320 Like everywhere else would look stupid. 552 00:24:04,320 --> 00:24:06,160 And like the ceiling slants down the corner. 553 00:24:06,160 --> 00:24:07,760 And so like seven and a half foot's the limit. 554 00:24:07,760 --> 00:24:08,320 I can't go. 555 00:24:08,320 --> 00:24:09,920 I can't go above seven and a half. 556 00:24:09,920 --> 00:24:11,280 If I want to put a topper on there. 557 00:24:11,280 --> 00:24:12,320 I got a little angel up there. 558 00:24:13,120 --> 00:24:14,560 Oh, I got to have the topper. 559 00:24:14,560 --> 00:24:15,440 Yeah, yeah, you got to. 560 00:24:16,000 --> 00:24:16,800 So I should do this. 561 00:24:16,800 --> 00:24:18,160 You should blow out that roof. 562 00:24:18,160 --> 00:24:18,880 Blow out that roof. 563 00:24:18,880 --> 00:24:20,800 Put a put a nice skylight in there. 564 00:24:20,800 --> 00:24:21,840 Go Clark Griswold on. 565 00:24:21,840 --> 00:24:23,120 Go Clark Griswold with it. 566 00:24:23,120 --> 00:24:24,240 Man, such a good movie. 567 00:24:24,240 --> 00:24:25,280 He's such he's my hero. 568 00:24:25,920 --> 00:24:29,600 Have you seen have you seen the new Ryan Reynolds deal on Netflix? 569 00:24:29,600 --> 00:24:30,880 Oh, yeah, that's good. 570 00:24:30,880 --> 00:24:32,560 Or on Apple or. 571 00:24:32,560 --> 00:24:33,680 I think it's Apple Plus. 572 00:24:33,680 --> 00:24:34,400 Good afternoon. 573 00:24:35,440 --> 00:24:36,880 There's probably a hidden fee there, too. 574 00:24:36,880 --> 00:24:37,760 Don't worry. 575 00:24:37,760 --> 00:24:38,640 Good afternoon. 576 00:24:38,640 --> 00:24:39,200 I'll get you. 577 00:24:39,920 --> 00:24:42,000 That's my that's my new greeting to people. 578 00:24:42,000 --> 00:24:42,720 It's good afternoon. 579 00:24:43,280 --> 00:24:44,640 Just good afternoon. 580 00:24:44,640 --> 00:24:46,240 Yeah, you'll have to watch it to realize. 581 00:24:47,040 --> 00:24:48,960 It's I thought it didn't come out yet. 582 00:24:48,960 --> 00:24:50,640 Oh, it came out like yet this week, didn't it? 583 00:24:50,640 --> 00:24:51,680 Great. 584 00:24:51,680 --> 00:24:52,160 Yeah, great. 585 00:24:52,160 --> 00:24:54,480 And I watched it last week, so it's out. 586 00:24:54,480 --> 00:24:55,120 Oh, last week. 587 00:24:55,120 --> 00:24:58,160 OK, it's a musical, which I did not see that coming. 588 00:24:59,280 --> 00:25:00,000 Will Ferrell. 589 00:25:01,520 --> 00:25:03,760 It's a musical and will Ferrell ride rails. 590 00:25:03,760 --> 00:25:07,120 But I guess like they say that back in the day, 591 00:25:08,720 --> 00:25:10,320 in the days of original Scrooge, 592 00:25:11,120 --> 00:25:14,160 good afternoon meant the equivalent to, you know, FU. 593 00:25:15,760 --> 00:25:20,000 It's so we're at the Cheesecake tailgating. 594 00:25:20,000 --> 00:25:20,640 This is great. 595 00:25:22,000 --> 00:25:24,960 So Grace is like a goody two shoes. 596 00:25:24,960 --> 00:25:27,120 She is scared to cuss. 597 00:25:27,120 --> 00:25:30,400 She is scared to like say bad words like she just doesn't do it, 598 00:25:30,960 --> 00:25:31,920 which is a good thing, right? 599 00:25:32,720 --> 00:25:34,480 She is like a super innocent kid. 600 00:25:34,480 --> 00:25:36,960 And so it's funny when like we're all getting together 601 00:25:36,960 --> 00:25:38,320 and she comes to the Chiefs game with us. 602 00:25:38,320 --> 00:25:42,320 We're tailgating like we're like Grace, say, say, say, 603 00:25:42,320 --> 00:25:44,320 and like you can see like every bone in her body, 604 00:25:44,320 --> 00:25:46,720 like thanks all the courage to spit it out. 605 00:25:46,720 --> 00:25:49,520 I was talking trash to her during our game of bags. 606 00:25:49,520 --> 00:25:50,240 We were playing bags. 607 00:25:50,240 --> 00:25:52,480 So like I kept talking trash and she was playing like crap. 608 00:25:52,480 --> 00:25:55,120 And she just looks at me and goes, Dad, good afternoon. 609 00:25:55,120 --> 00:25:59,520 It's like, oh my God, I can't believe you remember that. 610 00:25:59,520 --> 00:26:00,720 It came out of nowhere. 611 00:26:00,720 --> 00:26:01,440 It was so good. 612 00:26:01,440 --> 00:26:02,240 It was classic. 613 00:26:02,240 --> 00:26:04,000 But she said it was like such anger. 614 00:26:04,000 --> 00:26:04,480 Oh, yeah. 615 00:26:04,480 --> 00:26:09,120 She did not mean good afternoon. 616 00:26:09,120 --> 00:26:09,680 I'll tell you that. 617 00:26:09,680 --> 00:26:10,640 I'm talking about some innocence. 618 00:26:10,640 --> 00:26:12,960 I took one into the night before Thanksgiving. 619 00:26:12,960 --> 00:26:16,320 We went to the Caps game and they played Philly in the night. 620 00:26:16,320 --> 00:26:17,920 We played Philly in D.C. 621 00:26:17,920 --> 00:26:20,960 And it's like a thing that like me and her have. 622 00:26:20,960 --> 00:26:22,720 We're going to try and go to more games together, 623 00:26:22,720 --> 00:26:26,080 like try to find something that me and her can relate to 624 00:26:26,080 --> 00:26:28,720 on like on the same level, because in another couple of years, 625 00:26:29,440 --> 00:26:30,720 it's going to be her and my wife. 626 00:26:30,720 --> 00:26:31,760 They're going to be doing their thing. 627 00:26:31,760 --> 00:26:33,920 And I'm going to need one thing. 628 00:26:33,920 --> 00:26:34,720 I'll take the caps. 629 00:26:34,720 --> 00:26:36,480 So she's in it, right? 630 00:26:36,480 --> 00:26:38,000 You want to talk about innocence, sweet. 631 00:26:38,000 --> 00:26:40,480 Like we're sitting there. 632 00:26:40,480 --> 00:26:43,520 She goes, she's like, Dad, this is like our time, right? 633 00:26:43,520 --> 00:26:44,800 Like, yeah, yeah. 634 00:26:44,800 --> 00:26:45,520 Why? What's up? 635 00:26:45,520 --> 00:26:49,840 And she's like, well, OK, if I use I use the word damn. 636 00:26:49,840 --> 00:26:52,480 She's whispering in a crowd of thirty five thousand people. 637 00:26:53,360 --> 00:26:56,880 I'm like, yeah, I mean, well, we're here. 638 00:26:56,880 --> 00:26:58,160 This will be the safe space. 639 00:26:58,160 --> 00:26:59,360 Sure. Go ahead. 640 00:26:59,360 --> 00:26:59,920 Have at it. 641 00:27:00,800 --> 00:27:02,160 And she didn't abuse it. 642 00:27:02,160 --> 00:27:03,600 She waited, waited the right time. 643 00:27:04,400 --> 00:27:06,160 And caps loud goals. 644 00:27:06,160 --> 00:27:07,520 She looks out a little damn. 645 00:27:07,520 --> 00:27:08,480 Yeah, she's like, damn. 646 00:27:08,480 --> 00:27:09,840 It's like she stayed under her breath still. 647 00:27:09,840 --> 00:27:14,320 Right. And then Ovechkin put some guy into the boards. 648 00:27:14,320 --> 00:27:15,600 The guy like fell limp. 649 00:27:15,600 --> 00:27:16,800 She's oh, damn. 650 00:27:19,360 --> 00:27:19,840 Yes. 651 00:27:20,480 --> 00:27:25,440 You see my 10 year old get so like into it and use it completely correct the entire time. 652 00:27:25,440 --> 00:27:26,080 It was great. 653 00:27:26,080 --> 00:27:29,040 So she used it like she's like five or 10 times. 654 00:27:29,040 --> 00:27:31,280 And then I think she was like she was out of her system. 655 00:27:32,480 --> 00:27:38,480 But meanwhile, like all the Philly fans that were sitting around us were yelling every 656 00:27:38,480 --> 00:27:41,120 possible obscenity because they ended up losing an OT. 657 00:27:42,160 --> 00:27:42,880 It was a cool game. 658 00:27:42,880 --> 00:27:43,920 I never seen it over time. 659 00:27:43,920 --> 00:27:47,680 I came, but we go like sudden death and play like three on three. 660 00:27:48,560 --> 00:27:50,720 Yeah, it's like three or four and four and then. 661 00:27:50,720 --> 00:27:52,320 Well, three is four on four with the goalie. 662 00:27:52,320 --> 00:27:53,920 But yeah, it's sudden death. 663 00:27:53,920 --> 00:27:54,960 You have five minutes. 664 00:27:54,960 --> 00:27:56,080 And then that doesn't happen. 665 00:27:56,080 --> 00:27:57,200 It goes to it's like playing. 666 00:27:57,200 --> 00:27:58,000 It's like playing like. 667 00:27:59,360 --> 00:28:02,240 When Gretzky hockey, one of the greatest games ever. 668 00:28:02,240 --> 00:28:03,120 Oh, yeah. 669 00:28:03,120 --> 00:28:06,080 Wayne Gretzky hockey on in 64 was three on three. 670 00:28:06,800 --> 00:28:10,320 That game is hands down one of the best video games. 671 00:28:10,320 --> 00:28:13,840 And you could light people up on that game. 672 00:28:13,840 --> 00:28:15,040 Oh, so it was fun. 673 00:28:15,040 --> 00:28:15,840 And that's what they did. 674 00:28:15,840 --> 00:28:16,880 Like it was super cool. 675 00:28:16,880 --> 00:28:18,720 They scored the game winner right in front of us. 676 00:28:19,360 --> 00:28:20,640 The place went crazy. 677 00:28:21,680 --> 00:28:23,120 And I mean, it was a lot. 678 00:28:23,120 --> 00:28:24,000 Yeah, it was a lot of fun. 679 00:28:24,000 --> 00:28:29,040 So now she's like, she's like, Dad, can we get like season tickets or how does it work? 680 00:28:29,040 --> 00:28:30,320 I'm like, oh, yeah. 681 00:28:30,960 --> 00:28:32,000 I mean, you feel my pain. 682 00:28:32,000 --> 00:28:32,880 Like, you know how that like. 683 00:28:34,160 --> 00:28:36,320 You guys just want you guys won a Super Bowl recently. 684 00:28:36,320 --> 00:28:38,240 So your tickets are probably higher anyways. 685 00:28:38,240 --> 00:28:43,360 Yeah, there was a premium the year after, but then like you always have to pay a premium 686 00:28:43,360 --> 00:28:44,320 when you first sign up. 687 00:28:44,320 --> 00:28:46,000 Like I had only one seat. 688 00:28:46,000 --> 00:28:49,520 Like when we were won the Super Bowl, I just I just had a seat for myself. 689 00:28:50,000 --> 00:28:52,640 And so then selfish for two seasons. 690 00:28:52,640 --> 00:28:54,240 Well, it's seen if I could afford it. 691 00:28:54,240 --> 00:28:55,200 Oh, yeah. 692 00:28:55,200 --> 00:28:58,640 Honestly, like we've just seen how it worked and like, you know, my schedule and stuff. 693 00:28:58,640 --> 00:29:00,960 And so then kind of got a groove of it. 694 00:29:00,960 --> 00:29:02,000 I added the second seat. 695 00:29:02,000 --> 00:29:06,160 I had to pay a premium on that seat because it was a course after we won the Super Bowl. 696 00:29:06,160 --> 00:29:10,960 And so then the next year, it drops down significantly into like the tier of the section here. 697 00:29:10,960 --> 00:29:12,480 And so it goes from there. 698 00:29:12,480 --> 00:29:14,960 I think how most organizations do it. 699 00:29:17,200 --> 00:29:18,240 So is that it, man? 700 00:29:18,240 --> 00:29:18,720 Are we done? 701 00:29:18,720 --> 00:29:21,120 We have anything else really to talk about today? 702 00:29:21,120 --> 00:29:22,480 I mean, I think that's it. 703 00:29:22,480 --> 00:29:26,480 We're getting the the red light, the white flags being raised by Jordan. 704 00:29:26,480 --> 00:29:28,480 So the directors give us. 705 00:29:28,480 --> 00:29:30,240 Give me you guys. 706 00:29:30,240 --> 00:29:31,600 Guys are going too long. 707 00:29:31,600 --> 00:29:32,720 You guys suck. 708 00:29:32,720 --> 00:29:33,760 Cut it down. 709 00:29:33,760 --> 00:29:34,480 Cut it down. 710 00:29:37,200 --> 00:29:41,920 Thank you, everybody, again, for joining us on another fantastic episode of value nation. 711 00:29:43,120 --> 00:29:47,760 Make sure you go like subscribe, click that little notification bell icon. 712 00:29:48,480 --> 00:29:53,600 You know, when the new heat is being dropped on all of our social media outlets, 713 00:29:53,600 --> 00:29:56,560 we got Instagram, Facebook and TikTok. 714 00:29:56,560 --> 00:30:03,920 And if you want to see more, go find us on Spotify, Apple, iTunes.