Episode Transcript
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Speaker 1 (00:00):
The Power Hour six to ten w U TV in
my number eight two one nine eight eight six eight
two one dou WU TV and good evening in case
I forgot to say that to be not you, I
never say good evening.
Speaker 2 (00:11):
I don't like you. I thought you'd being nice for once.
Speaker 3 (00:13):
All.
Speaker 1 (00:13):
You got a bunch of people standing by here, So
I want to get right back into the call. We got, uh,
several people that want to talk about the the the
boarded up houses, the vacant houses that are all over
the city of Columbus. I think they could be made
better use of. Before we get into those, I got
Keith that wants to add something on the Kroeger situation.
Speaker 2 (00:29):
Coke or Keith? How are you?
Speaker 3 (00:30):
Oh, yes, sir Chuck, how are you doing fine?
Speaker 4 (00:35):
Well? Uh, did you know Kroeger's actually owns Myers.
Speaker 2 (00:42):
No, they own fred Meyer.
Speaker 3 (00:46):
Well, okay, maybe I'm may but yeah, that's understood.
Speaker 1 (00:49):
That's another grocery chain. I think they're mostly out west.
They're called fred Meyer timm e y e R.
Speaker 5 (00:55):
Well that's the possibility.
Speaker 3 (00:57):
All I know is they're all the way out in
California and they're like the third largest Uh you know,
grocery store in the country. Right, Well, that's that's pretty
much all I wanted to say is just you know,
if Meyer is its own independent company, then uh, well,
(01:18):
good for them.
Speaker 4 (01:19):
But yeah, no, I mean I was at I went.
Speaker 5 (01:22):
To bag to buy a bag of chips, right, a
family size is said two ninety nine. When I did
the self checkout, is said three twenty nine. I lectured
the guy and I said, no, that's not right, and
he corrected it.
Speaker 1 (01:39):
But yeah, but that's that's what they're talking about in
that Consumer Reports story. You know, it's marked one thing
and you're charged another at the register, and that's not
the way it's supposed to be. Keith, I appreciate the call.
Speaker 2 (01:48):
Thank you.
Speaker 1 (01:49):
Eight two one nine eighty six A two on WTVN
into the boarded of Houses Calls here. John's been on
hold the longest. You're on six ten WTVN.
Speaker 4 (01:59):
Hey, Chuck, is here an way that we could possibly
come up with something to where the landlords or the
companies that are running these houses up start paying a
price for their tennis actions?
Speaker 1 (02:12):
Well, I mean the seizing of the property is part
of the price. Is that they pay. They come in
and they take the properties from them. They I don't
know if they can be called criminal or charge of
being criminally liable or not. I know in the nineties
a lot of jurisdictions did try that if if a
landlord was notified that there were drug activities and they continued,
that they could hold the landlord criminally liable. And I
(02:34):
don't think that was such a bad idea.
Speaker 4 (02:37):
Yeah, that's what I was thinking.
Speaker 2 (02:39):
But on the other.
Speaker 1 (02:41):
On the other side of that, though, John, as I'm
saying that it's coming out of my mouth, I'm recalling
the story in yesterday's news about Columbus City Council wanting
to spend money now to help keep people from getting evicted,
not to help them pay their rent, but to help
them fight being evicted. So you got to pick which
side of the battle you're on. You cannot hold a
landlord liable while at the same time giving money to
(03:02):
the bad tenant to keep them from being evicted when
the landlord's trying to get him out because you told
them they're pushing drugs out.
Speaker 2 (03:07):
Of your house.
Speaker 4 (03:09):
Correct, But you know what, the hilltop used to be
the place that everyone wanted to live, yes, and now
it's it's the place that nobody wants to live.
Speaker 1 (03:19):
I still do. I just wanted to be better. I
you know, I grew up on Belvidere Avenue. Man, my
heart is always going to be on the hilltop. I
cannot pass West High School without being a little misty.
And uh yeah, I remember what it was, and I
believe that it very well could be that way again.
But you know, we just got every time they shut down,
(03:40):
you know, any any housing project. Greenbrier East shuts down
hud vouchers all over the hilltop. Sullivan Gardens shuts down
the hud vouchers all over the hilltop. They kept relocating
all of these people that were in these problema problematic
neighborhoods to the hilltop. And then some idiot turns around goes,
what's happened to the hilltop? Well, you put these people
here for goodness.
Speaker 2 (04:00):
Eight.
Speaker 4 (04:02):
You're absolutely right. Just an idea, but thanks for taking
the call.
Speaker 1 (04:07):
Thank you John for making the call. And ideas are
always welcome in my world. Eight two one, nine, eight
eighty six page You are on six ten double.
Speaker 6 (04:14):
E tvn Chuck enjoyed the show, looking almost every day.
Speaker 7 (04:18):
I really appreciate it.
Speaker 8 (04:19):
Uh well, I don't know if you had heard that there.
Speaker 6 (04:22):
Is going to be at least an attempt at getting
property taxson Ohio negated on the in the next election.
They're they're gonna come up with a something on the ballot. Anyway,
That's one thing, because I think you should actually be
able to own property in Ohio, which you don't really
it's the long term lease to the government. Just try
(04:43):
not paying your taxes and see who actually owns the property.
Speaker 4 (04:46):
Absolutely not you.
Speaker 1 (04:47):
And I'm I We talked about that a couple of
nights ago, Paige, and I'll tell you I was. I'm
all for elimination of property taxes. I think property taxes
are the most ridiculous thing in the world. You work
your tail off, you find way to buy it, you
find a way to pay it off, and then the
government makes you have a seat license just to keep
attending your own home, which is stupid. But yeah, before
(05:08):
I can say yes, let's do it, I need to
say I need to see how you're planning on funding
everything that we're funding. I want to know are my
license plates going to cost me seven hundred and fifty.
Speaker 2 (05:18):
Dollars a year? Now?
Speaker 1 (05:19):
I want to know if I'm going to have toll
booths around the state of Ohio that are out there. Now,
they're going to have to pay for that stuff. What
sleight of hand are you going to pull to make
up for the money that you're about to give away
in property taxes?
Speaker 6 (05:33):
True, I agree with you. That wasn't my real reason
for calling, but I just want to throw it out there.
Speaker 9 (05:37):
My call really revolves around residential neighborhoods design and marketed
for single family home homes, you know, becoming giant rental complexes,
which is the case in the neighborhood I live in.
Speaker 1 (05:51):
Oh my gosh, are you up in the Marysville area too?
Speaker 7 (05:55):
South?
Speaker 6 (05:55):
No, southeast side Canal one.
Speaker 2 (05:57):
Shows Okay, yeah, that's the other one.
Speaker 6 (06:00):
A lot of these rental homes are I've done some
looking into it. They're owned by corporations that are actually
foreign located in foreign country. Yes, and other states have
many other states have done something about this problem. Most
of these rental properties that are in my neighborhood or
they're poorly maintained because they're mandating that the rent fors
(06:23):
these young folk that they're charging exorbitant rental fees to
that they maintain the property. Well, they squeeze so much
money out of them they can't afford to maintain the property.
And and so you know it's it's really keeping these
younger families poor. They can't save up enough money for
a downpayment of house, let alone be able to mow
(06:44):
or maintain the property. I have to call all the
time and turn them into zoning. And it creates an
artificial demand for houses in these neighborhoods that it raises
our taxes because the prices go up, because these rental
companies call you every five minutes wanting to buy your house.
And it takes away opportunity for young American families to
(07:05):
actually own a house. And why should foreign countries be
able to come in here and buy up our residential
properties to create artificial demands for single family.
Speaker 1 (07:14):
Home residential properties, farmland. There's no reason right that China
needs to own thousands and thousands of acres of American farmland,
especially in proximity to military installations. And I'll be honest
with you, Page, I preached this. This is my realtor side.
I preach this to my clients all the time. I
listen to house I'll say, you absolutely make the decisions.
(07:34):
You can take any offer you want to take. But
I'm telling you upfront, before this thing even hits the market,
as soon as I enter the information into the MLS,
we are going to get investor offers site unseen Crapola,
and they're probably going to be from overseas, but they
put a local face on it. Turn on your TV
and watch these commercials. There's some guy that probably couldn't
(07:57):
think his way out of a paper bag. I've bought
over it thirty thousand houses. How do you think he
bought thirty thousand houses with his riches? Of course not.
He's being funded from somewhere, and they don't tell you
where those funds are coming from. And if they don't
tell you, there's a reason they don't tell you. Sell
your house to somebody who they want their kid to
live across the street, know who you're doing business with.
Speaker 6 (08:20):
I feel bad for young Americans, the young American families,
because when I grew up, I mean you could you
could end up. You can save up some money for
a house. But man, they're charging you know, almost two
thousand dollars a month. I just man, it seems like
it'd be awful tough for young people to save up
(08:41):
money for down payment on.
Speaker 1 (08:42):
Yeah, and it's it's going to get better some stuff
that's coming down from the administration through FAHA right now.
As a matter of fact, there's two different things going on.
There's a new FAHA program Federal Housing Administration Program government
back thirty year mortgage which it requires a FAHA loan
is three point five percent down. They are allowing a
second mortgage that will cover up to five percent, so
(09:06):
you can do your down payment and cover your closing
costs with that second mortgage, and they'll do that down
to a five to eighty credit score, because it's obvious
people have suffered over the last few years when it
comes to credit. So that's a good thing. Plus, we've
got here in Ohio what's called OFA, the Ohio Housing
Finance Agency, which operates largely like FHA as far as
(09:26):
what the property has to meet standards and so forth.
But they will do a forgivable second mortgage with OFA.
So after several years of you using this as your
primary residence, as long as you don't sell it and
make a profit and move on that second mortgage for
your down payment and closing costs and stuff under OPA
is forgiven. It's wiped out, which means basically, you got
(09:48):
five percent of your purchase price free from the state
of Ohio. And that's a wonderful thing. That credit score
because it's forgivable. Generally about six sixty is where you
need to be on that. It's and I think on
top of everything else, we're going to see with this
next meeting of the Fed June eighteenth, we're going to
see Powell give way. I think we're going to drop
(10:09):
half a point myself, and I think that's going to
stimulate people into seeing, Okay, look, the budget's looking good,
the tariff things are over, the weather's good, the rates
are coming down. We ultimately will stimulate this economy. The
government's not going to do what all they have to
do is get out of our way.
Speaker 8 (10:26):
Yep, I agree.
Speaker 1 (10:28):
I appreciate you page, Thanks very much for the call.
Eight two one nine eight eighty six eight two one
WTV and gym's got some houses thoughts.
Speaker 2 (10:34):
How are you, Jim?
Speaker 8 (10:36):
Just fine? Just fine?
Speaker 5 (10:37):
Hey.
Speaker 8 (10:38):
I think that there just has to be ruled a
law on the Stateablehio and nationwide that a single family
home has to be inhabited by a single family that
owns it, and it can only be sold to another
person who's going to single family own that and you
enforce that by having a homestead tax. It's like one
thousand dollars a month if you don't own it, one
(11:00):
dollar a month if you own it. And so I
think that the people who are buying up the houses
in the lower end are often getting setion eight housing,
which means they get above market rate increase. And so
when they get that high amount of rental income, they're
going to outbid anybody else who wants to buy that house.
(11:20):
And then that will only that, but then they set
the market rate for market rentals at this high level.
So such a eight housing on single family homes has
to be eliminated. We need a homestead tax on single
family not apartments, but on single family homes. If you're
not owning the home and living there, then you have
to pay a you know, a homestead tax about a
(11:43):
thousand dollars a month. We need to make it so
that single family homes are for single families who live
their ownly.
Speaker 1 (11:50):
It's a conversation worth having, Jim, I'm sure you'd run
into some brick walls there. But that is a conversation.
Creativity is always good, my friend. Thank you for the call.
That's that's not bad. Here's the problem with section eight
by the way, as far as if you're a landlord,
you're buying up houses with the plus and the minus
of it, will you get above market rates from the
federal government to pay the Yeah, you'll make.
Speaker 2 (12:10):
More on the rent because the government's paying it.
Speaker 1 (12:12):
On the other hand, the hoops they will make you
jump through if the tenant calls up because my neighbor
is ugly, you have to go out there.
Speaker 2 (12:19):
And fix the ugly neighbor.
Speaker 1 (12:21):
I mean, there, you it's not always what it's cracked
up to be.
Speaker 2 (12:26):
Gary.
Speaker 1 (12:26):
You are on six ten WTV and Hi, Hey Jock. Hello, sir, Well,
thank you.
Speaker 7 (12:37):
It's calling about the vacant properties and the pricing. Yes,
vacon properties where I used to live, they would actually
use those baking houses for training for the police department
and the part departments. Then after they stop using them,
(12:59):
they would end up just tearing tearing them down. Just
have vacant lots.
Speaker 2 (13:05):
Yeah, the uh.
Speaker 1 (13:05):
Now, you can allow if you own a property that's
vacant and you want to, you know, allow the fire
department to come in and burn it down for practice
or whatever.
Speaker 2 (13:13):
You can do that.
Speaker 1 (13:14):
I don't know, because a lot of what the City
of Columbus Land Bank has right now, they are vacant
lots all over the place. I don't know if they
have torn those houses down or what, uh, what the
reason was, but they've got a lot of vacant lots
right now around the city of Columbus.
Speaker 7 (13:32):
That's That's the way it is, insane. That's the way
it is insane. So that's where I used to live.
I've moved out of there.
Speaker 2 (13:37):
You left Zanesville. I like Zanesville. Why'd you leave.
Speaker 7 (13:42):
That couldn't afford it?
Speaker 2 (13:45):
Really, I didn't.
Speaker 1 (13:45):
Think it was that bad in Zanesville because that holds Zanesville, Newark,
Keith all out there. I I'm fairly fond of especially
I'll tell you what that what's that theater in uh
in Newark? Oh, my gosh, No, there's a theater out
there that I mean, they've been bringing in some great
acts of old school eighty stuff. Night Ranger was there.
Speaker 7 (14:06):
And oh I know which I can't think of the
name of it. I know where you're talking about.
Speaker 1 (14:12):
Just having that out there makes Newark a very attractive
place for me.
Speaker 2 (14:16):
It really is. Oh yeah, Middland Theater, thank you.
Speaker 7 (14:18):
Yeah, I amn't a place in Zanesville, but I just
can't afford the lot rent anymore. So I ended up
letting a couple of people move in there, and they're
take taking care of it for me.
Speaker 1 (14:31):
Well, yeah, if it means using it to at least
at least pay for itself, even if it doesn't make
any profit, that way, you don't have to let loose of.
Speaker 6 (14:38):
It, right Gary.
Speaker 7 (14:41):
The deal with the price stuff, usually if it shows
a uh, brings up a price higher than what's on
the tag.
Speaker 1 (14:51):
M hm.
Speaker 7 (14:52):
Some places, I don't know about all of them. Some
places will actually honor whatever price is on that tag
if it if it's a lower price and what it's
ringing up, that's the place to actually honor that tag.
Speaker 1 (15:04):
I think they should, Like I was saying earlier, that
used to be if it didn't scan right, you got
the item for free, which my buddy JT when we
were working nights together, he would stop and every night, because.
Speaker 2 (15:15):
He was a bachelor man, he didn't care about.
Speaker 1 (15:17):
It, stopping at himself a red bear and frozen pizza,
and he went in and it scanned wrong, so they
gave it to in for free. The next night, he
goes in, gets a red bear and frozen pizza scan wrong.
He did this for like nine nights in a row.
They didn't fix it. It kept scanning incorrectly, and he
kept going home with a free red bear and pizza
every night. And I think they're only like seven ninety
(15:39):
nine or something like that, But still.
Speaker 2 (15:42):
You would think.
Speaker 1 (15:44):
All this progress, where you know, we got better, faster everything,
electronic everything, more efficient everything. Bring back the scan right guarantee,
Bring back pizza in thirty minutes or less. Bring back
bring television that's worth watching it, you know what I mean. Yeah,
progress and change, my friends, they are not necessarily the
(16:07):
same thing.
The Power Hour six to ten w U TV in
my number eight two one nine eight eight six eight
two one dou WU TV and good evening in case
I forgot to say that to be not you, I
never say good evening.
Speaker 2 (00:11):
I don't like you. I thought you'd being nice for once.
Speaker 3 (00:13):
All.
Speaker 1 (00:13):
You got a bunch of people standing by here, So
I want to get right back into the call. We got, uh,
several people that want to talk about the the the
boarded up houses, the vacant houses that are all over
the city of Columbus. I think they could be made
better use of. Before we get into those, I got
Keith that wants to add something on the Kroeger situation.
Speaker 2 (00:29):
Coke or Keith? How are you?
Speaker 3 (00:30):
Oh, yes, sir Chuck, how are you doing fine?
Speaker 4 (00:35):
Well? Uh, did you know Kroeger's actually owns Myers.
Speaker 2 (00:42):
No, they own fred Meyer.
Speaker 3 (00:46):
Well, okay, maybe I'm may but yeah, that's understood.
Speaker 1 (00:49):
That's another grocery chain. I think they're mostly out west.
They're called fred Meyer timm e y e R.
Speaker 5 (00:55):
Well that's the possibility.
Speaker 3 (00:57):
All I know is they're all the way out in
California and they're like the third largest Uh you know,
grocery store in the country. Right, Well, that's that's pretty
much all I wanted to say is just you know,
if Meyer is its own independent company, then uh, well,
(01:18):
good for them.
Speaker 4 (01:19):
But yeah, no, I mean I was at I went.
Speaker 5 (01:22):
To bag to buy a bag of chips, right, a
family size is said two ninety nine. When I did
the self checkout, is said three twenty nine. I lectured
the guy and I said, no, that's not right, and
he corrected it.
Speaker 1 (01:39):
But yeah, but that's that's what they're talking about in
that Consumer Reports story. You know, it's marked one thing
and you're charged another at the register, and that's not
the way it's supposed to be. Keith, I appreciate the call.
Speaker 2 (01:48):
Thank you.
Speaker 1 (01:49):
Eight two one nine eighty six A two on WTVN
into the boarded of Houses Calls here. John's been on
hold the longest. You're on six ten WTVN.
Speaker 4 (01:59):
Hey, Chuck, is here an way that we could possibly
come up with something to where the landlords or the
companies that are running these houses up start paying a
price for their tennis actions?
Speaker 1 (02:12):
Well, I mean the seizing of the property is part
of the price. Is that they pay. They come in
and they take the properties from them. They I don't
know if they can be called criminal or charge of
being criminally liable or not. I know in the nineties
a lot of jurisdictions did try that if if a
landlord was notified that there were drug activities and they continued,
that they could hold the landlord criminally liable. And I
(02:34):
don't think that was such a bad idea.
Speaker 4 (02:37):
Yeah, that's what I was thinking.
Speaker 2 (02:39):
But on the other.
Speaker 1 (02:41):
On the other side of that, though, John, as I'm
saying that it's coming out of my mouth, I'm recalling
the story in yesterday's news about Columbus City Council wanting
to spend money now to help keep people from getting evicted,
not to help them pay their rent, but to help
them fight being evicted. So you got to pick which
side of the battle you're on. You cannot hold a
landlord liable while at the same time giving money to
(03:02):
the bad tenant to keep them from being evicted when
the landlord's trying to get him out because you told
them they're pushing drugs out.
Speaker 2 (03:07):
Of your house.
Speaker 4 (03:09):
Correct, But you know what, the hilltop used to be
the place that everyone wanted to live, yes, and now
it's it's the place that nobody wants to live.
Speaker 1 (03:19):
I still do. I just wanted to be better. I
you know, I grew up on Belvidere Avenue. Man, my
heart is always going to be on the hilltop. I
cannot pass West High School without being a little misty.
And uh yeah, I remember what it was, and I
believe that it very well could be that way again.
But you know, we just got every time they shut down,
(03:40):
you know, any any housing project. Greenbrier East shuts down
hud vouchers all over the hilltop. Sullivan Gardens shuts down
the hud vouchers all over the hilltop. They kept relocating
all of these people that were in these problema problematic
neighborhoods to the hilltop. And then some idiot turns around goes,
what's happened to the hilltop? Well, you put these people
here for goodness.
Speaker 2 (04:00):
Eight.
Speaker 4 (04:02):
You're absolutely right. Just an idea, but thanks for taking
the call.
Speaker 1 (04:07):
Thank you John for making the call. And ideas are
always welcome in my world. Eight two one, nine, eight
eighty six page You are on six ten double.
Speaker 6 (04:14):
E tvn Chuck enjoyed the show, looking almost every day.
Speaker 7 (04:18):
I really appreciate it.
Speaker 8 (04:19):
Uh well, I don't know if you had heard that there.
Speaker 6 (04:22):
Is going to be at least an attempt at getting
property taxson Ohio negated on the in the next election.
They're they're gonna come up with a something on the ballot. Anyway,
That's one thing, because I think you should actually be
able to own property in Ohio, which you don't really
it's the long term lease to the government. Just try
(04:43):
not paying your taxes and see who actually owns the property.
Speaker 4 (04:46):
Absolutely not you.
Speaker 1 (04:47):
And I'm I We talked about that a couple of
nights ago, Paige, and I'll tell you I was. I'm
all for elimination of property taxes. I think property taxes
are the most ridiculous thing in the world. You work
your tail off, you find way to buy it, you
find a way to pay it off, and then the
government makes you have a seat license just to keep
attending your own home, which is stupid. But yeah, before
(05:08):
I can say yes, let's do it, I need to
say I need to see how you're planning on funding
everything that we're funding. I want to know are my
license plates going to cost me seven hundred and fifty.
Speaker 2 (05:18):
Dollars a year? Now?
Speaker 1 (05:19):
I want to know if I'm going to have toll
booths around the state of Ohio that are out there. Now,
they're going to have to pay for that stuff. What
sleight of hand are you going to pull to make
up for the money that you're about to give away
in property taxes?
Speaker 6 (05:33):
True, I agree with you. That wasn't my real reason
for calling, but I just want to throw it out there.
Speaker 9 (05:37):
My call really revolves around residential neighborhoods design and marketed
for single family home homes, you know, becoming giant rental complexes,
which is the case in the neighborhood I live in.
Speaker 1 (05:51):
Oh my gosh, are you up in the Marysville area too?
Speaker 7 (05:55):
South?
Speaker 6 (05:55):
No, southeast side Canal one.
Speaker 2 (05:57):
Shows Okay, yeah, that's the other one.
Speaker 6 (06:00):
A lot of these rental homes are I've done some
looking into it. They're owned by corporations that are actually
foreign located in foreign country. Yes, and other states have
many other states have done something about this problem. Most
of these rental properties that are in my neighborhood or
they're poorly maintained because they're mandating that the rent fors
(06:23):
these young folk that they're charging exorbitant rental fees to
that they maintain the property. Well, they squeeze so much
money out of them they can't afford to maintain the property.
And and so you know it's it's really keeping these
younger families poor. They can't save up enough money for
a downpayment of house, let alone be able to mow
(06:44):
or maintain the property. I have to call all the
time and turn them into zoning. And it creates an
artificial demand for houses in these neighborhoods that it raises
our taxes because the prices go up, because these rental
companies call you every five minutes wanting to buy your house.
And it takes away opportunity for young American families to
(07:05):
actually own a house. And why should foreign countries be
able to come in here and buy up our residential
properties to create artificial demands for single family.
Speaker 1 (07:14):
Home residential properties, farmland. There's no reason right that China
needs to own thousands and thousands of acres of American farmland,
especially in proximity to military installations. And I'll be honest
with you, Page, I preached this. This is my realtor side.
I preach this to my clients all the time. I
listen to house I'll say, you absolutely make the decisions.
(07:34):
You can take any offer you want to take. But
I'm telling you upfront, before this thing even hits the market,
as soon as I enter the information into the MLS,
we are going to get investor offers site unseen Crapola,
and they're probably going to be from overseas, but they
put a local face on it. Turn on your TV
and watch these commercials. There's some guy that probably couldn't
(07:57):
think his way out of a paper bag. I've bought
over it thirty thousand houses. How do you think he
bought thirty thousand houses with his riches? Of course not.
He's being funded from somewhere, and they don't tell you
where those funds are coming from. And if they don't
tell you, there's a reason they don't tell you. Sell
your house to somebody who they want their kid to
live across the street, know who you're doing business with.
Speaker 6 (08:20):
I feel bad for young Americans, the young American families,
because when I grew up, I mean you could you
could end up. You can save up some money for
a house. But man, they're charging you know, almost two
thousand dollars a month. I just man, it seems like
it'd be awful tough for young people to save up
(08:41):
money for down payment on.
Speaker 1 (08:42):
Yeah, and it's it's going to get better some stuff
that's coming down from the administration through FAHA right now.
As a matter of fact, there's two different things going on.
There's a new FAHA program Federal Housing Administration Program government
back thirty year mortgage which it requires a FAHA loan
is three point five percent down. They are allowing a
second mortgage that will cover up to five percent, so
(09:06):
you can do your down payment and cover your closing
costs with that second mortgage, and they'll do that down
to a five to eighty credit score, because it's obvious
people have suffered over the last few years when it
comes to credit. So that's a good thing. Plus, we've
got here in Ohio what's called OFA, the Ohio Housing
Finance Agency, which operates largely like FHA as far as
(09:26):
what the property has to meet standards and so forth.
But they will do a forgivable second mortgage with OFA.
So after several years of you using this as your
primary residence, as long as you don't sell it and
make a profit and move on that second mortgage for
your down payment and closing costs and stuff under OPA
is forgiven. It's wiped out, which means basically, you got
(09:48):
five percent of your purchase price free from the state
of Ohio. And that's a wonderful thing. That credit score
because it's forgivable. Generally about six sixty is where you
need to be on that. It's and I think on
top of everything else, we're going to see with this
next meeting of the Fed June eighteenth, we're going to
see Powell give way. I think we're going to drop
(10:09):
half a point myself, and I think that's going to
stimulate people into seeing, Okay, look, the budget's looking good,
the tariff things are over, the weather's good, the rates
are coming down. We ultimately will stimulate this economy. The
government's not going to do what all they have to
do is get out of our way.
Speaker 8 (10:26):
Yep, I agree.
Speaker 1 (10:28):
I appreciate you page, Thanks very much for the call.
Eight two one nine eight eighty six eight two one
WTV and gym's got some houses thoughts.
Speaker 2 (10:34):
How are you, Jim?
Speaker 8 (10:36):
Just fine? Just fine?
Speaker 5 (10:37):
Hey.
Speaker 8 (10:38):
I think that there just has to be ruled a
law on the Stateablehio and nationwide that a single family
home has to be inhabited by a single family that
owns it, and it can only be sold to another
person who's going to single family own that and you
enforce that by having a homestead tax. It's like one
thousand dollars a month if you don't own it, one
(11:00):
dollar a month if you own it. And so I
think that the people who are buying up the houses
in the lower end are often getting setion eight housing,
which means they get above market rate increase. And so
when they get that high amount of rental income, they're
going to outbid anybody else who wants to buy that house.
(11:20):
And then that will only that, but then they set
the market rate for market rentals at this high level.
So such a eight housing on single family homes has
to be eliminated. We need a homestead tax on single
family not apartments, but on single family homes. If you're
not owning the home and living there, then you have
to pay a you know, a homestead tax about a
(11:43):
thousand dollars a month. We need to make it so
that single family homes are for single families who live
their ownly.
Speaker 1 (11:50):
It's a conversation worth having, Jim, I'm sure you'd run
into some brick walls there. But that is a conversation.
Creativity is always good, my friend. Thank you for the call.
That's that's not bad. Here's the problem with section eight
by the way, as far as if you're a landlord,
you're buying up houses with the plus and the minus
of it, will you get above market rates from the
federal government to pay the Yeah, you'll make.
Speaker 2 (12:10):
More on the rent because the government's paying it.
Speaker 1 (12:12):
On the other hand, the hoops they will make you
jump through if the tenant calls up because my neighbor
is ugly, you have to go out there.
Speaker 2 (12:19):
And fix the ugly neighbor.
Speaker 1 (12:21):
I mean, there, you it's not always what it's cracked
up to be.
Speaker 2 (12:26):
Gary.
Speaker 1 (12:26):
You are on six ten WTV and Hi, Hey Jock. Hello, sir, Well,
thank you.
Speaker 7 (12:37):
It's calling about the vacant properties and the pricing. Yes,
vacon properties where I used to live, they would actually
use those baking houses for training for the police department
and the part departments. Then after they stop using them,
(12:59):
they would end up just tearing tearing them down. Just
have vacant lots.
Speaker 2 (13:05):
Yeah, the uh.
Speaker 1 (13:05):
Now, you can allow if you own a property that's
vacant and you want to, you know, allow the fire
department to come in and burn it down for practice
or whatever.
Speaker 2 (13:13):
You can do that.
Speaker 1 (13:14):
I don't know, because a lot of what the City
of Columbus Land Bank has right now, they are vacant
lots all over the place. I don't know if they
have torn those houses down or what, uh, what the
reason was, but they've got a lot of vacant lots
right now around the city of Columbus.
Speaker 7 (13:32):
That's That's the way it is, insane. That's the way
it is insane. So that's where I used to live.
I've moved out of there.
Speaker 2 (13:37):
You left Zanesville. I like Zanesville. Why'd you leave.
Speaker 7 (13:42):
That couldn't afford it?
Speaker 2 (13:45):
Really, I didn't.
Speaker 1 (13:45):
Think it was that bad in Zanesville because that holds Zanesville, Newark,
Keith all out there. I I'm fairly fond of especially
I'll tell you what that what's that theater in uh
in Newark? Oh, my gosh, No, there's a theater out
there that I mean, they've been bringing in some great
acts of old school eighty stuff. Night Ranger was there.
Speaker 7 (14:06):
And oh I know which I can't think of the
name of it. I know where you're talking about.
Speaker 1 (14:12):
Just having that out there makes Newark a very attractive
place for me.
Speaker 2 (14:16):
It really is. Oh yeah, Middland Theater, thank you.
Speaker 7 (14:18):
Yeah, I amn't a place in Zanesville, but I just
can't afford the lot rent anymore. So I ended up
letting a couple of people move in there, and they're
take taking care of it for me.
Speaker 1 (14:31):
Well, yeah, if it means using it to at least
at least pay for itself, even if it doesn't make
any profit, that way, you don't have to let loose of.
Speaker 6 (14:38):
It, right Gary.
Speaker 7 (14:41):
The deal with the price stuff, usually if it shows
a uh, brings up a price higher than what's on
the tag.
Speaker 1 (14:51):
M hm.
Speaker 7 (14:52):
Some places, I don't know about all of them. Some
places will actually honor whatever price is on that tag
if it if it's a lower price and what it's
ringing up, that's the place to actually honor that tag.
Speaker 1 (15:04):
I think they should, Like I was saying earlier, that
used to be if it didn't scan right, you got
the item for free, which my buddy JT when we
were working nights together, he would stop and every night, because.
Speaker 2 (15:15):
He was a bachelor man, he didn't care about.
Speaker 1 (15:17):
It, stopping at himself a red bear and frozen pizza,
and he went in and it scanned wrong, so they
gave it to in for free. The next night, he
goes in, gets a red bear and frozen pizza scan wrong.
He did this for like nine nights in a row.
They didn't fix it. It kept scanning incorrectly, and he
kept going home with a free red bear and pizza
every night. And I think they're only like seven ninety
(15:39):
nine or something like that, But still.
Speaker 2 (15:42):
You would think.
Speaker 1 (15:44):
All this progress, where you know, we got better, faster everything,
electronic everything, more efficient everything. Bring back the scan right guarantee,
Bring back pizza in thirty minutes or less. Bring back
bring television that's worth watching it, you know what I mean. Yeah,
progress and change, my friends, they are not necessarily the
(16:07):
same thing.
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