Mark Krikorian and the Illegal Immigration Crisis

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Episode Transcript

Speaker 1 (00:00):
Six one seven two six six sixty eight sixty eight
is the number. Okay, Mike, are we are we having
any technical difficulties?

Speaker 2 (00:15):
Okay, We're now joined.

Speaker 1 (00:16):
It's my distinct honor and privilege to be joined by
Mark Cricorian. He is the executive director of the Center
for Immigration Studies. I love his group. I read their
stuff all the time. I've been watch reading Mark for many,
many years. He is in Boston over the next couple

(00:38):
of days talking at several conferences, several college campuses on
the issue of illegal immigration. In particular, Mark, thank you
so much for coming on the Kooner Report.

Speaker 2 (00:50):
How are you.

Speaker 3 (00:52):
I'm fine, Thanks for having me, glad to be here.

Speaker 1 (00:55):
Uh Mark, I want to obviously talk to you about
the issue of the Chinese student visas that Trump now
says he wants to allow into our country. But before
I do, we're talking about the fifty year mortgage. Is
it a good idea bad idea? Obviously that's not your lane.
But I want to ask you, in terms of driving

(01:16):
up the cost of rent, driving up the cost of
home values housing, how pivotal has this onslaught and invasion
of illegal immigration been when it comes to the cost
of home buying, housing and rent.

Speaker 3 (01:35):
There's no question it's played a significant role. In fact,
the Federal Housing and Urban Development Department apparently is looking
into it and preparing some research on it. And what
we've found is that it seems, among other things, that
high levels of immigration end up reducing fertility using childbirths

(02:01):
birth rates because of the way it increases housing costs, rent,
and you know, the housing prices because especially over what
we saw over the past four years or the four
years of Biden, was such an enormous number of people
coming in so quickly illegally being let in by the

(02:21):
Biden administration that there's no way that any realistic projection
of home construction could ever possibly keep up with that.
And so you know, if there's you know, more demand
than and supply doesn't grow enough, then prices go up.
It's just that's you know, that's economics one oh one.

(02:44):
So you know, what, what did you expect was going
to happen? Letting in eight or ten million maybe more.
Our guest is eight or ten million people that Biden
illegally led into the country, And you know, there's all
kinds of limits on home can instruction. Big cities are
already big, you know, do they spread out even more?

(03:04):
Those people all have to live somewhere, and inevitably it
drives up rents and housing prices. There's no way around
that mark.

Speaker 1 (03:12):
Before I get to the issue of Chinese student visas,
I want to ask you a separate question on regarding
illegal immigration.

Speaker 2 (03:20):
One of the issues now.

Speaker 1 (03:21):
That the left, the Democrats, especially these sanctuary city mayors
here Michelle Wou in Boston, let's just go right to her.
They say that what Trump and Ice are doing is
violating the due process rights of these illegals when they
send in Ice into these sanctuary cities and raid after raid,

(03:45):
grab them, detain them, and deport them.

Speaker 2 (03:48):
What say you, There.

Speaker 3 (03:51):
Are in fact due process rights for illegal immigrants in
criminal matters. It's the same as anybody else. If you're
arrested for a crime, the comp has to read you
the same miranda warnings. You get a free lawyer if
you can't afford it. All that stuff is the same,
doesn't matter what your legal status is. But deportation is

(04:13):
not a criminal matter. It's sending you back to the
country you're supposed to be in because you're not supposed
to be here, and so the Supreme Court has said, literally,
due process in those kind of questions is whatever Congress
says it is. And every one of these illegal immigrants
who has been arrested by ICE has gotten the legally

(04:34):
required due process, which is limited in some cases more
extensive than others. Is a whole body of law here.
But nobody is just being grabbed up and contrary to
the rules, being sent back to their home country. That
just doesn't happen. And the critics saying that are either
just making it up, they know they're lying, or they

(04:55):
more likely they just have no idea what they're talking about.

Speaker 2 (04:58):
Interesting.

Speaker 1 (04:59):
Interesting, Okay, Mark, before I want to obviously ask you
why you're in Boston and what you're going to be
talking about on these college campuses, But just before I do,
President Trump now, and he's getting a lot of pushback
from many within MAGA in his base, now says he
wants to bring in about six hundred thousand Chinese students

(05:20):
on these student visas. He says, the reason we need
to keep our university and college system vibrant, profitable, making money,
and the only way to do that is to continue
to keep the pipeline of foreign students, including Chinese students
who pay full freight coming into the United States.

Speaker 2 (05:40):
Good idea, Bad idea? What say you?

Speaker 3 (05:44):
Terrible idea? First of all, there's no policy change that's
required for this, because there's already no limit in the
law for the number of foreign students who can come in,
and no limit for any particular university in how many
or what percentage of foreign students they can take. And
in Chinese are the largest group of foreign students. And frankly,

(06:08):
you know we are, we have been and continue to
basically be training China's future elite to defeat US. I mean,
it's crazy. And the rationale the President gave is that
if we didn't have all these foreign students, then a
lot of colleges would go out of business. Well there's

(06:29):
two problems there. First of all, there's lots of especially
for profit colleges, but not just those whose business model
is based on bringing in foreign students. Well, sorry, that's
you know, they're essentially what they call visa mills. They're
a way to buy access to the United States. And

(06:51):
you know, why would we have universities be essentially the
immigration gateways into the United States. And the other thing
is a lot of the universities. In fact, I mean
this is especially true at the highest level of universities
and in the non stem, non science and math fields.

(07:12):
They are purveyors of really terrible anti American poison. We
saw that with all those pro Hamas demonstrations on campuses,
a lot of those people were foreign students. Why would
we be trying to get more of that? And one
last point is that every university, everyone including private schools,

(07:36):
are massively subsidized by the taxpayer, and so if they're
being subsidized, the point should be to promote the interests
of the American people, training American young people, training our
future elite. And a small number of foreign students can
be beneficial. It is it helps American kids kind of

(07:59):
expand theirs and see that there's different kinds of people
in the world. But hundreds of thousands of foreign students actually,
I mean when you add it up, of all the
people who are here, it's probably more like a million
foreign students. There's no excuse for that. That is not
helping the United States. That's helping especially China, and helping

(08:19):
these Ivy League universities that frankly don't see themselves as
having a mission to support and promote the well being
of the United States specifically.

Speaker 2 (08:30):
Oh amen, brother, I mean you hit the nail right
on the head.

Speaker 4 (08:33):
Mark.

Speaker 1 (08:34):
We've got a couple of minutes left. By the way,
we are talking with Mark Krekorian. He is the executive
director of the Center for Immigration Studies. They do absolutely
dynamite work. I love their stuff. Mark, You're in Boston
for a couple of days, a couple of conferences.

Speaker 2 (08:51):
Which universities will you be speaking to? And one what topics?

Speaker 3 (08:56):
Well, it's supposed to be speaking at BU yesterday, but
apparently because of you know, death threats and security problems
I don't think directed to me, but generally speaking, they
had to cancel that. So but I'm also speaking at Harvard.
There's a conference on German American Relations and so there's
a panel on you know, what are the different challenges

(09:18):
the Germany and the US face with regard to immigration,
and so I'm going to be speaking on that panel.
And it's it's like you have to pay to get
into the conference. I think it's sold out, so it's
not something that the public can go to. But maybe
they're going to stream it or record it. I don't know,
you have to ask them. It's called the German American Conference.

Speaker 1 (09:36):
So literally you were going to speak at Boston University
and because of death threats, they have now canceled that conference.
That's incredible, That's just incredible. So Mark, what happened to
academic freedom?

Speaker 5 (09:49):
Uh?

Speaker 3 (09:50):
Yeah, I don't know what does that mean? What is
academic freedom nowadays? That's an oxymoron unfortunately, even though it
shouldn't be.

Speaker 1 (09:57):
Mark, Where can people go to read more about the
stuff coming out that you're writing? And the Center for
Immigration Studies, what's what's the best website for them.

Speaker 2 (10:06):
To go to?

Speaker 3 (10:07):
It's two places. One is our website. It is CIS
dot org. We have every day we have blog posts,
we have longer reports, videos, all the stuff you name it.
We also we have a podcast there called Parsing Immigration Policy,
like parsing a sentence. It's in all the usual podcast places.

(10:27):
And the last thing I'd recommend is if somebody has
a taste for snark and sarcasm, I'm on Twitter at
Mark s as In Stephen Mark s Grecorian.

Speaker 1 (10:38):
Mark dynamite stuff, keep up the outstanding work. Six one
seven two six six sixty eight sixty eight is the number. Okay,
A couple lines are open if you want to jump on.
Let me ask all of you to confront now the
growing affordability issue that the Democrats apparently wrote to Road

(10:59):
to Power but wrote to Victory. I should say, in
the last the elections, what is it a couple of
weeks ago, the off year elections. Republicans now are panicking.
Trump is telling them take it easy. The big beautiful
bill is going to start kicking in. We're working on
bringing down inflation. Gases coming down, It's going to come

(11:20):
down even more. The cost of eggs and some fruits, vegetables,
some of the grocery bills are getting a little bit
easier now, a little lower. But he says a good
idea that he's looking at very seriously is to make
a fifty year mortgage available for first time home buyers.

(11:43):
And the trade off is you'll have about two hundred
maybe two hundred and fifty dollars reduce reduction in your
mortgage payments every month. However, you'll be paying a lot
more in interest over the long haul. And so good idea,
bad idea, And of course it's not just one's personal choice.

Speaker 2 (12:03):
Whether you know you like that, don't like that?

Speaker 1 (12:06):
Want a fifteen year mortgage, thirty year mortgage, fifty year mortgage?
Is that a forty to fifty year mortgage? If they
start not being able to make their payments, if they
start being delinquent, the banks are not going to be
on the hook for this. It's going to be the taxpayer.
And so the question is, are we now putting too

(12:29):
much risk into the housing market that could lead to
an eventual housing market collapse similar to what we saw
in two thousand and eight, two thousand and nine. That
is now the concern of many, not just I'm not
just talking about Republicans on Capitol Hill. Many conservatives, many

(12:50):
Trump supporters are saying, now, you know, fifty fifty years
with people paying high interest rates, this could be a
recipe for disaster. So good idea, bad idea? Six one
seven two six six sixty eight sixty.

Speaker 4 (13:12):
All right, before I start write this down, it's extremely important.
The money masters and the author is Bill Still. It's
on the computer free now. When you took your mortgage
out for your house, Okay, where did the bank get
the money? Uh?

Speaker 2 (13:34):
What do you mean? Where did the bank get the money?

Speaker 4 (13:36):
The bank loaned you money for your house? Right, Yes,
where did they get the money?

Speaker 3 (13:43):
Uh?

Speaker 1 (13:43):
Isn't it from the Federal Housing Administration?

Speaker 4 (13:47):
The money from the Federal Reserve, from.

Speaker 2 (13:49):
The feral reserve?

Speaker 4 (13:50):
Yeah? Okay, yes, Where did the Federal Reserve get the money?

Speaker 2 (13:54):
That's a very good question. Where do they get the money?

Speaker 4 (13:57):
They don't. They just created out of thin air.

Speaker 2 (14:00):
They print the money. Right.

Speaker 4 (14:02):
The whole financial system is illegal. Look at your constitution.
It says only Congress should create the money and set
the coin. So the government should create the money and
then there'd be no debt and your interest in your
house would be zero. Now let's say the government said, well,
charge a two percent that would go to pay taxes.

(14:26):
In essence, it's really zero. Should be no interest on loans, period.
And that's the law. And you're telling me Donald Druck
doesn't know this. He's taking out more mortgages than anybody.
It's illegal to have a federal reserve. It's against the law.

Speaker 1 (14:42):
Oh, I'm with you on that. I'm against the Federal Reserve.
I think it should never have been created. I'm with
you all the way on this. But John, we do
have it. I mean, I want to get rid of it.
Don't get me wrong. That's why I always liked Ron Paul.
And the first step he's was to audit it. Why

(15:02):
because once you audit to FED, you're going to see,
my god, how corrupt and abusive it is. I mean,
it'll stun people, it'll shock the country. I mean it's thievery,
it really is. It's thievery, it's gangsterism. And so you audit,
and then once you audit, that'll set the table to
repeal it. But look, Jack, we live in the system

(15:24):
that we live now. My question to you, do you
think we should have a fifty year mortgage or are
we now just putting too much risk and hazard moral
hazard into the entire housing system, the entire housing market.

Speaker 4 (15:40):
Listen, jfk knew about it, so he created his own money.
And it didn't say FED reserve. It says US government note.
And I will send you one of those, a five
dollar bill for free. Don't spend it. It's worth more
than five dollars. Okay, So there's no reason to have
any kind of hearings or anything. Duck could just do

(16:02):
what tomorrow what JFK did, And that's why they killed him,
because he would end the most evil situation in the
whole world. Evil. It controls the world. You think you
have a democracy. It's a bunch of boloney. But look
at that tape and nothing will explain the whole financial
system more than that the money masses.

Speaker 1 (16:21):
Okay, okay, excellent, No, Jock, great suggestion. And you're right,
by the way about JFK. He hated the Federal Reserve,
hated it with a passion, and that's why a lot
of people suspect that's the reason why he was killed.
I mean, there's several theories, but there's no question the
financial oligarchs hated him because he was a mortal enemy

(16:42):
of the Federal Reserve. Thank you so much for that call, Jack,
Really good call. Vince in Long Island. Thanks for holding Vince,
and welcome.

Speaker 6 (16:54):
Hi Jeff.

Speaker 2 (16:54):
How are you doing good? How are you? Vince?

Speaker 6 (16:57):
All right? I think you should listen to the Grace.
That's why she's a doctor. I agree with her. I
don't see anything wrong with the fifty year loan. First
of all, you don't have to take fifty years. It's
all been said a couple of times on the air too.
You don't have to wait fifty years to pay for it.

(17:18):
You can make your own amortization schedule if you want
to pay it off in twenty years and fifteen years.
If you have the money, you can do so. But
you're not locked into a higher payment which if you
have as they always say, people are one paycheck away
from bankruptcy. If you miss that paycheck and then you
can't make the mortgage payment, you're up.

Speaker 1 (17:36):
Vince, Vince, can you just hang on please, I'm up
against a break.

Speaker 2 (17:41):
I'm gonna come right back to you.

Speaker 1 (17:43):
So Vince is saying, I should listen to my wife.
Six seven two six six sixty eight sixty eight is
the number. Okay, we're gonna go right back to Vincent,
Long Island. But before we do, joining us now as
she always does. At this time, the co founder, CEO,

(18:04):
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Speaker 7 (18:15):
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(18:58):
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Speaker 6 (19:12):
For you.

Speaker 8 (19:13):
To request your free coffee, give us a caller. Email
Kelly at Kellyfinancial dot org. Jeff, I'll continue this conversation
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Safe Money Strategies Radio. Do tune in or visit our
website for this week's radio rewind Jeff, have a wonderful weekend.

(19:34):
My best of Grace and the kiddos.

Speaker 1 (19:36):
Thank you so much, Kelly, all the best to you
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Kelly at Kellyfinancial dot org, Kelly at Kelly Financial. All right,

(20:01):
let's go right back to Vincent Long Island. He likes
the idea big supporter of a fifty year mortgage. He
thinks I should listen to my wife more because Grace
agrees with it as well. And basically his point is,
let the consumer or the buyer decide. If they want
to pay the mortgage off sooner they can. If they

(20:24):
want to sell the home if it builds up equity,
they can. What's the big deal? Vince that I sum
up your position.

Speaker 6 (20:32):
Accurately pretty much. I wanted to say that debt is
a great wealth builder if you know how to use
it properly. Can you imagine saving a million dollars to
buy a house? How long will it take you? Not
to mention the inflation costs that that million dollar house
you're chasing, when you save a million dollars, it probably
costs a million and a half. So it's never a

(20:53):
bad idea to own. What are you going to do? Rent?
Rent is completely wasted money. At least when you own
the interesting you're paying interest. It's tax deductible, so you
get a tax benefit. So you probably get at least
a twenty five percent return on that deduction that you're
spending interest on. And you have skin in the game,
so you're growing with the economy. Your wealth is accumulating

(21:15):
as you grow an income. No one's preventing you, as
I said, from making a fifty year mortgage into a
twenty year mortgage. You can pay as much as you want.
There's no prepayment penalties. The only thing I wanted to
say is that we can't make the mistake that George
Bush did in two thousand and one when he wanted
the ownership society and he basically threw houses at everybody,
including your legal aliens, with zero percent down. They had

(21:36):
a one percent loan that didn't adjust for three or
four years, and at the end of three or four
years they got this explosive payment that went from one
thousand dollars to four thousand and five thousand dollars with
zero percent down on the house. People walked away from
those houses, and that annoyed the hell out of me
because it brought down the market value of houses. So
people as you who want no debt, had a house

(21:58):
of say five hundred thousand dollars and their house dropped
to three hundred thousand, they lost two hundred thousand dollars.
These people with zero money in those same five hundred
thousand dollars house walked away with it without even paying
a dollar. And normally whatever the bank loses is technically
supposed to be income to you. They even waived out
the Congress waved that that so called loss to the

(22:20):
bank was not income to you. So these people walked
away completely scott free. There were people living in houses.
They didn't pay the taxes, they didn't get fore clothes
on for two or three years, and the tax player
basically ate all that expense. And the person who played
by the rules and had their twenty twenty five percent down,
they took the soaking. So what I'm opposed to is
not letting people walk in with zero down. I think

(22:41):
you need at least ten percent or more down on
a house because you have to have some skin in
the game. You have to lose some money if it
goes down. I don't believe in these one or two
or three percent down payments. They're ridiculous. And what else
did I want to say?

Speaker 1 (22:56):
They look evince before you reload, by the way, you're
making so excellent points. I have to say, you're really
on fire, Vince. I said something a little bit earlier.
You may disagree. It's fine that I think a lot
of this comes down to personal temperament. And you know,
it's funny because what you just said, maybe about two
minutes ago, is what Grace tells me all the time.

(23:19):
And that's what I meant when I said she's more
comfortable with debt than I am. Grace makes a very
similar argument to what you make, which is, look, if
you really want to have wealth, you need to have
debt in order to use as leverage to get to wealth.
And she makes your analogy. Often she says, look, how
long is it gonna take for you to you know,

(23:39):
you'll say you want a million dollar home. How long
is it gonna take for you to save up for that?
I mean, yeah, in theory, it's great to say, don't
live in debt, But she goes, if you really want
to advance, if you want to be upwardly mobile, you've
got to take on debt to get more equity, because
then you can take on even more debt to take
on even greater equity. And her point is as long

(24:01):
as you're constantly financially rising, and your financial portfolio is growing,
and your wealth is growing. You know, in other words,
you know your debt ratio. Yeah, you don't want to
have too much debt, obviously nobody does. But it's equity
to debt ratio. And so her point is, I don't
want to sound like a banker here, but her point

(24:23):
is that you need debt to make money. So debt
in and of itself is not a bad thing. Now, look, Vince,
I intellectually I get it. I grasp it. There's no question.
I'm just telling you my personality. I hate debt. I
get a bill, I got to pay it right away.

(24:45):
Like how do I say this? If I could pay
a car today, I would pay a car today. Like
I'm a fanatic when it comes to that. I'm a
worry wart. I worry about the future. I always think
something bad could potentially be around the core owner. So
I'm the kind of guy, you know, I'm always a
bird in the hand, not two in the bush. Is

(25:07):
that also part of the difference in this that whether
you like a fifty year mortgage or not comes down
in a sense to your outlook on life or am
I wrong, all right.

Speaker 6 (25:20):
I mean, look at Donald Trump. You build an entire
wealth establishment at a debt. How could you afford to
build those buildings by not having that debt? And of
course those buildings doubled in value. The idea is how
you use it. I mean, if you go out and
spend money on vacations or Taylor's Swift tickets, which I
was reading. Some of these idiots are putting Taylor Swift
tickets at two thousand dollars on their credit card. They

(25:41):
can't even afford it, but they're putting und their credit card.
That kind of debt you don't want. But you know,
if you need a car and stuff like that, it's
all right to go for a car loan because in
accounting there's a thing called the matching principle. The car
is going to serve you many years of use, so
you should offset it against many years of revenue. But
it's coming in the future. It's not a one time expense.
I go out and buy a fifty thousand dollar carr, Well,

(26:02):
that's my expense for the month. It's really a six
or seven year expense. You should spread it in that way.
That's how you balance a budget.

Speaker 1 (26:10):
Interesting interesting, Vince, if I could make you Trump's top
economic advisor for a day, he says, Listen, Vince, houses
are way too expensive. Rents are way too expensive. These
Democrats are now, I mean, it's Biden's problem. Obviously he
created this, but now they're feasting. I got Mamdani in

(26:32):
New York. I've got Spanberger in Virginia. I've got Mikey
Cheryl in New Jersey. The Democrats are making this an
affordability issue, and they're pinning US Republicans as being out
of touch. I've got to get the affordability issue under control.
I need to bring the cost of housing and rent down.

Speaker 2 (26:51):
What would you tell.

Speaker 6 (26:52):
Him, Well, one of the things is, as it has
been said, illegal aliens are basically overflowing in to our
system and we can't absorb them, and that drives up
the cost of housing as well. So once you get
all those people out, you have to also free up
all these environmental regulations to allow people to build more
housing and all that stuff. And you know, all these

(27:14):
all these environmentalists are stopping you from even putting a
deck on your on your backyard. It's it's ridiculous. So
it's environmental it's an illegal invasion, and there's no reason
why we can't build another million or two million houses
a year. We've got and Vince, I guess, Vince correct me.
I don't want to put words in your mouth, but
and get rid of Vege your own Powell, right. I mean,

(27:34):
let's get a new fet chair and let's get these
interest rates down a bang, bang bang, and then we're
rolling again. Vince, thank you very much for that call.
As always, I appreciate it. Six one seven two six
six sixty eight sixty eight is the number? Uh, Mike,
how much time left? Thirty five seconds? Boy, Mike cheese. Okay,

(27:59):
Let's let me ask all of you Trump's people are listening.
They want to hear. Do you like the idea of
a fifty year mortgage? Do you not like the idea
of a fifty year mortgage? And should this now be
made available to first time home buyers?

Speaker 2 (28:16):
All of you?

Speaker 1 (28:16):
Would you take a fifty year mortgage? Six one seven
two six six sixty eight sixty eight? George in New Hampshire,
Thanks for holding, George, and.

Speaker 5 (28:28):
Welcome Bey, Jeff, thanks for taking the call.

Speaker 6 (28:32):
Can I make a comment.

Speaker 5 (28:33):
On the on the the immigrants coming from China.

Speaker 2 (28:37):
Yes please, yeah, go ahead, yes.

Speaker 5 (28:39):
Yes, sir, so real quick. I mean I'm maybe maybe
the maybe the back door for that whole needs a
student thing from China or some hell whole country that
basically contradicts our morals and our founding of our country
is that every semester they're required to take constitutional law

(29:01):
and basically our perspective on how a culture should run.
And it would be mandatory. I think that it would
be a nice solution to this whole thing, because I
don't see that changing, because it's too much profit for
these universities and colleges not to take foreign students. They
make a lot of money off it.

Speaker 1 (29:24):
Just a perspective, Dave, Look, I like where you're coming from. Look,
I think we have to ask ourselves. Does our country
live for the colleges and universities for them to make money,
or do the colleges and universities exist to educate Americans?
And my position has always been, Dave, sorry, George, forgive me, George.

(29:50):
My position has always been, we subsidize these universities. You do,
I do, all of us do. Frankly, even these so
called private colleges. No, it's they're not completely private. They're not.
So you know, if we're subsidizing universities and colleges, well
then I'm sorry. We have a right to insist that

(30:12):
they put American students and American interests first. And look,
I'm with Mark Grekorian on this. I'm not against foreigners
coming in. Look, I was a foreigner. I came in
and studied at Ohio University. I was immensely grateful, And
there were foreign students at Ohio University, very good, very
grateful to be there. Many of them stayed, got good jobs,

(30:34):
got married, did everything the right way. But you know,
we don't have to open the door to the communist Chinese.
You know, we can say no to the communist Chinese.
We don't have to say yes. We can take students
from Japan, we can take students from South Korea. We
can take students from other parts of the world. You know, Katar,

(30:55):
Saudi Arabia. Why are we taking their students. They're the
ones that are fomenting so much of this anti Semitism
and jew hatred on college campuses. We can take them, say,
I don't know, from France or Germany or England or whatever.
Other parts of the world So what I'm saying is,
even if we want to bring in foreign students, we

(31:17):
can decide from which countries. So to me, I always
look at it as what serves the interest of the
American people and what serves the interests of America, because ultimately,
I believe our government works for us. I believe we,
as the taxpayers and the voters and the citizens, we

(31:39):
own this country. We own this government. We're literally like
the shareholders, and so we have to start acting like it,
and I think they have to start treating us like it.
George agreed, disagree? Final word to you.

Speaker 5 (31:55):
Yeah, I absolutely I agree. I mean Savage used to
push this perspect It was very interesting to me. I'd
like to share in that Japan's would take four or
five Islamic immigrants a year into their culture. They would
absorb them. And I find that interestingly because you know,

(32:15):
nothing again against Islam, but it's contrary to what our
culture believes and how our founding of our country.

Speaker 3 (32:23):
Was set up.

Speaker 5 (32:25):
So that's how that's how their perspective of taking foreigners
into the country, and I agree with it, so but
real quickly, Jeff, I mean in terms of like the
perspective on the fifty year mortgage. I see that we
have to get prices down. There is a price correction
that needs to come in the housing market. As a

(32:47):
person that's the third generation carpenter, I've owned a business
for almost I'm going to be on my thirtieth year
of being in business and doing remodeling work. I see
the cartel in terms of real estate agents, mortgage brokers,
home inspectors selling and pushing homes that need a tremendous
amount of work done to their homes, and it's misleading

(33:09):
to the buyer. And I don't know how you how
you correct and lower the costs of the of the
housing market. But the housing market has to be brought
pre COVID. In my opinion, I appreciate that the the
UH the pay hike that I received from COVID. It's
helped my business and help my family tremendously. But there

(33:33):
are homes that are being sold that need so much work.
And yes, in history it's it's an appreciating property, but
like like buying a used car, it's a lot of
these homes are depreciating and costs because of the amount
of work that needs to be done. If you want
to drop the costs. From my perspective, as someone that's

(33:53):
on the ground doing a day and day out, we
need to drop some of the costs from the real
estate agents, the mortgage brokers, local and state regulations. It's
too confusing and everything and anything that can be done
to help lower costs on that end would be greatly appreciated.

Speaker 1 (34:13):
Well, I agree, I completely agree. All I can do
is add to what you're saying, George. Look, just very quickly,
you know, I've said this before. We bought our home
about five hundred thousand, you know, give or take, maybe
a little bit more we could, according to Grace, and
I trust my wife. She says she thinks we can
get easy nine hundred and nine to fifty even a
million dollars for it. I'm telling you, it's not worth

(34:34):
a million dollars. I'm just using my home as an example.
It's way overpriced now, I mean in the sense that
maybe somebody would buy it, but I'm telling you it's
not worth a million dollars, not even close. And she,
you know, she tells me about these prices of homes.
I'm like, who can pay for this? I mean, that's

(34:55):
an it's just too expensive. And you know, look to me,
if you're gonna be aye a you know, a buy
a million dollar home, it's got it.

Speaker 2 (35:04):
You know, you walk in and go wow.

Speaker 1 (35:06):
I mean to me, it's got to be loaded. It's
got to have every you know, creature, comfort under the sun.
We're talking about many ways ordinary homes. That's the problem.
It's just too expensive and it's one of the biggest
affordability issues. There's no question. You know, yes, it's gas,

(35:29):
it's food, it's groceries, it's the energy utility bills. But
what rent I don't know how people pay three four
five thousand dollars a month rent. I don't, I don't
I how do you do that? It's it's gonna choke
you again, unless you're a gazillionaire.