S2025 Ep258: Special Event LIVE: The Road to Housing Act, Iran Conflict & the Fed Week Ahead PART 2

But let's go down through here.

Here's where most people are exiting the states.

And I did AI with this, and I didn't create these charts.

And I ran several models, and I'm like, OK, give me the final model.

This is telling us, basically, this schema right through here is people are outflowing

from California, these other states, Rhode Island, New York, Massachusetts, and the Northwest.

And they're all going down to Texas, North Carolina, and so forth.

OK, why affordability?

OK, but let's go down through here.

What states? What states?

And this is where I kind of scratch my head.

Regulations. Regulations are the one thing that all these parties came together in

unison, and they're like, OK, now it's regulations.

And then we, let's not forget taxes.

OK, so let's go through.

What states are the hardest in regulations?

I just Google it.

Google down below.

Don't fact, please fact check me.

I'm not coming out here to pump FOMO.

I'm here to give you the truth.

OK, so do your due diligence.

The hardest, California, New York, Massachusetts, Connecticut, Rhode Island, stop in there.

All I ask the system to do is find me the states with the hardest regulations.

And it took about 15 minutes.

Do it. Run it for yourself.

Any any analytics you want.

If you get anything different, let me know.

I'd be more than happy to correct anything I have, but I ran these through three monols.

So here's what we have.

Who are they affected by?

Or who controls them?

Well, the government is controlled.

Well, the Democrats try effective.

They control all the pieces of the puzzle in California, same in New York, same thing in

Massachusetts, same thing in Connecticut, same thing in Rhode Island, and I think the

same thing in South Carolina.

So you sit there and you scratch your head saying, OK, well, I'm sorry, I, South Carolina,

I went down too far.

You sit there and scratch your head saying, OK, well, you just voted this thing, but you

have the hardest rate.

Why don't you just go to your state and change your state regulations?

That's a thought.

And then you move over and say, OK, where are the taxes in these areas?

OK, so you have 0.69.

Let's say one is, one is the norm through here.

So let's go through one, one, one, you got more ones down here.

So maybe a little higher taxes, you got nine, so probably on average the same.

OK, so not really going to hit anything there.

So property tax comparisons, you got about the same thing and everything else.

And I did one other analysis and I did this and this is kind of what really pisses me off.

I know Chicago Heights.

This is an area that really can't afford higher real estate taxes.

These are the highest property taxes, zip codes in the entire country.

I just ran it, run these numbers, don't care which political while you're on or which

of thing.

You can comment whatever you want down below.

It is Kishina, Wisconsin, I don't know that area.

I thought it was a Kenosha at first.

So my apologies, the highest, the highest real estate taxes in the country, Chicago Heights.

They can't afford it.

That's probably one of the least zip codes areas in all of Illinois that could afford it.

No disrespect.

I'm just being honest.

If you go down through here in New Jersey, I don't know Woodland, New Jersey.

Let me know if you guys know down below, sorry, I'm not getting the chat yet.

I will in a second.

Same thing with this New Jersey, high Nella, New Jersey, and Albion, New York, OK?

These are the highest tax, the highest tax zip codes in the country.

So you're saying, OK, all these are in states too, that have the highest regulations.

So that's a toughy.

OK, so let's get to the next thing.

Let's now look at affordability.

I hopefully you can understand, maybe it's not housing prices.

Maybe it's not interest rates.

Maybe it's the other things behind it.

So let's get over to the other pieces of the puzzle.

And I know the politicians, believe it or not, here's a guy who used to be a Bernie fan.

Yeah, I know.

He had me.

He had me drink in the Kool-Aid.

And then as you get older and older and older, and you see him after 10, 15, 20, 25, 30 years,

spewing the same stuff you're like, dude, and now he changed from millionaire to billionaire,

and you're like, why won't 2019 he make a couple of million dollars on his book deal?

And you're like, OK, you're, what, you get what I'm going?

And I'm sorry about that.

I'm just being honest.

But let's get over to the, here's the unemployment rate.

Or here's the, here's what the job force looks like.

OK, so, and I know people are struggling.

It's a huge K-shaped economy, and I see it.

And that's why I do my channel.

Hopefully you can understand this stuff.

We're actually working on a program where you can actually tap in in the, in the first

of the day.

If you want to watch all the stuff I watch each day, and actually load it up on your screen

and watch it, have tickers going and see exactly what I watch each day, and kind of put everything

in your lap.

I'm not trying to talk you into what to do.

I'm just trying to educate you.

Where do you get the tools?

And please fact check what you're doing, OK?

So here's how many people with this is saying a number of unemployed persons per job openings

seasonally adjusted.

So if you look at it right now, and we're, I mean, how much worse can it get right now?

Think about it.

We have tariff stuff that's illegal.

We have, you remember the government shut down, the government shut down right now.

Yeah, it shut down.

T, don't be flying.

Hope you're not flying, because I mean, that's a mess.

So I was watching.

It was kind of cool this morning.

There was an Obama-appointed secretary of defense or whatever they call it now.

He came in and said, and it was the coolest thing.

I'm like, I know where he's going to go with it, but I watch, I got channels going on

everywhere.

I'm like, OK, what's he got to say?

He was honest.

He's like, this has nothing to do.

You cannot stop the paychecks of our people out there.

These are, this is basically Homeland Security.

It's securing that a bomb doesn't get on your, on your flight.

Don't you want that right now?

So those are things we really did.

But so he's like, it shouldn't be political at all.

This is just be, it's Homeland Security.

It's past.

OK, we'll fight the fight in another time.

I'd be on in the side of the fence.

Whoever shut this down right now.

I'd be like, OK, we can't have this right now, especially right now.

OK, so you don't know what's out there.

But let's get to the story about my rant.

Let me get to any comments out there.

Let me see if you guys can hear me.

And if anybody, hey, Joel, what's up, buddy?

What rate can you get?

I can't.

I'm not going to get to reach just yet, folks.

I want to get to the rest of the content I have.

OK, so here's what we have.

The unemployment, how many people are working right now right through here?

OK, so how bad is this?

If you look at it, time, it's not so bad.

I mean, it was much worse back here.

OK, so it's a pretty good jobs number.

Now, here's where the, here's where a real head scratcher comes.

Disposable income, how much, this is how much people have in their bank account

after they pay all their bills every month.

So let me, it's hard for me to get my head out of the equation.

But here's where that is.

And I have this on a 10 year time frame.

And see how that grows over time, kind of cool, huh?

This is how people save money.

But then you might be thinking, what the hell happened there?

That's COVID.

OK, so let me explain to you newbies out here.

When COVID hit, I was like, and you can, you can see me on, I go on shows.

I actually, people kicked me off their YouTube channels and actually erased my videos.

Like, here's what you're going to have.

You have all this stimulus coming out.

Hey, it's helping me because during that time, everybody and their mother

was buying, buying homes.

But like, you know, we're sending way too much money out there.

And I've done this at that time for 25 years in the mortgage business.

I'm like, man, when you have rates and you have teas or things like that,

really pumping the, pumping this stuff, it's going to be bad.

And I said, you know what, here's what we're going to have.

You're going to have huge inflation coming.

So here's what happened during this time frame, just so you guys

understand and know the truth behind all this.

During this time, if you had a student loan, you didn't have to pay it.

So let me know if you had a student loan down below.

In fact, let's fact check me.

And then also if you had a loan with Fannie Mae or Freddie Mac,

a mortgage with them, and most probably 90% of people had,

you didn't have to make a mortgage payment for like 18 months,

almost two years, no mortgage payment.

So think about it.

You're getting, you know, a lot of people didn't miss work.

And if you did, you know, my apologies.

But this is telling us, this is fact.

This is from the Federal Reserve.

This is how people, how much money people have in their pockets.

So this is people just gobbling up that money.

They were getting their paychecks plus the stimulus money,

plus this, plus they didn't have to pay any bills.

Think of it, if you didn't have a mortgage payment

or a student loan payment, if I didn't, I have no bills.

That exactly.

But if I kept making the same amount of money,

what would happen?

It's all my disposable income with skyrocket.

People started buying everything, homes, cars.

If you, if EVs, the FAD, they buy the EV and this and that.

They were just pissing away money and then they blew it all.

Well, the unfortunate thing about all that time

is I'm like, this is inflationary

because what happened is you're chasing

all this money's chasing fewer goods

because we even have a shutdown during that time.

So prices went way up and that's what happened.

Inflation.

So now people are thinking, okay, inflation's still okay.

Mr. Trump came in and he said inflation, he's gonna stop this.

Well, I'm not defending anything.

I'm just saying the acceleration of prices going up is in inflation.

Okay, so if inflation was up 9% one year,

and the next year was up two, I mean,

it gave back the nine and then just went up two.

It went, now it's up nine plus two on top of that would be,

you know, whatever.

I'm not saying, yeah, it's 9, 11,

but it's 11 points something because of the factors.

So it's, prices aren't gonna go down the accelerations

just gonna stop and that's what's happening.

So you had all this excess money into this platform

and that's what caused what you're seeing today.

So this is all the background of all this stuff.

So now what you're saying is this new thing

that they created, is it gonna work?

Maybe, maybe not.

And the biggest reason is you might not even understand this

when it comes down to it, who makes the rules

in a lot of these things?

I think I had it down through here.

It's your local governments.

It could be your county.

It could be your city, county, state, you know,

I'll just give you my example.

I was on the planning committee in my city

that I worked at, and this was years ago.

It's not the current administration.

He's actually a friend of mine.

I'm trying to get him on here for the midterms

just so we can chat about it.

But I was on that committee and there was time after time

you'd have builders come in wanting to build shopping malls

and I mean, not shopping malls,

but huge centers and stuff.

And the committee would sit there

and they would be more worried about

what kind of bushes they're putting in.

And then at what time are they gonna put in like,

you know, the sidewalks?

I'm like, these guys are gonna spend a couple hundred million

if not a billion dollars on this project.

You really give a shit about what kind of bushes

they're gonna have at this time.

Over time, yeah.

But that should be kind of way down the food chain.

So that happened over and over and over

and I'm sitting here thinking,

what in the world's going on?

Then I had even people from these big companies come to me.

They knew who I was and what kind of business I was in

because many times I'd stand up.

And I'm like, this is crazy.

And they were like, Dan, we know it.

And they're like, it's easier for us to build in New York

than it is in your town.

And I'm like, I get it.

And you just, you can't fight City Hall.

So the only thing you can do is make sure

when that election time comes,

you know what you're talking about.

So let's get to any questions out there.

If you have a jolt, if I put you to sleep, let me know.

Any other questions out there?

What rate can I get?

I can't do the rates today.

My man, Dan, a Bernie fan, yeah.

He used to be a Bernie fan, believe it or not.

Megan Dan, the Bernie fan, my favorite nursery rhyme.

What a, that's it.

Honestly, that's what I used to do.

So now let's get over to where I think things are going to go

and the wise behind it.

So like I said, I've done this a long time.

You're going to see, let's put this in.

Let's be blunt and truthful.

You think Trump's going to want to go down

as a person that had high inflation

due to oil and gasoline, that would be a slap.

I don't think so.

He's going to do everything, everything in his power

to make that, make that resolution.

So I think this is going to be resolved.

Maybe it's well overdue.

I've been hearing, I've been, I was,

there's some articles of how things were in 1975.

I was alive in 1975.

I remember being in line with my mom to get gas

in our car overeated because there were like 30, 40 cars

deep because you can only buy a couple gallons of gas

because of the embargoes.

But this time, it is different, but it's not different.

But I'm still for, let's fund the government right now

so we can all be safe out there.