More on Affordable Housing and your calls

Episode Transcript

Speaker 1 (00:00):
Chuck Douglas a power hoursixten up you TV and laughably
they call it affordable housing. I call it smoking mirrors
and just you know, maneuvering a round of money from
one place to the and it's you know a lot
of the I've I've had the beloved habitat I've had
a problem with because of the way that you know,
things are structured. It. Uh where houses provided, Yes, did

(00:22):
people get the experience of working and helping to build
their own houses. Yes. However, when it came to the
dollar signs, I've just always had a philosophical issue of
moving money from one way. This is what they do
when government gets involved. I've talked before about the uh
it used to be, you know, back in the ward
clever days. Uh. I want to buy your house, minister,
but I just I don't have the down payment. Well

(00:43):
I'll tell you what, buddy, you seem like a good
young market. I'll give you the down payment and we'll
just add that to loan. You can pay me back
part of your loan on that. Okay, that's fine, And
they did well. The government said oh no, no, no, no, no,
that's an inducement. You can't do that. So what was
the way they fixed it? By inserting a nonprofit entity
in the middle of it. There was a Marriag Dream

(01:05):
in Neemyah were the two most popular when I got
started in real estate. Let's say I wanted to give
Zach five thousand dollars to use as a down payment
to buy my house. I couldn't give it to him.
That's illegal, It's an inducement. So I would pay five
thousand dollars to a marriag Dream or Namayah in his name.
I would also pay a marriag Dream or Niamia five
hundred dollars for you know, because nonprofits have to make

(01:27):
money for facilitating this. They would then pay Zach's down
payment in a grant. Now think about this, giving Zach
the money and saying I'll just put it on your loan.
Instead of buying my house for one hundred thousand, he buy
for one hundred five thousand. He is pay it back.
I'm giving it to a nonprofit. They're charging me a

(01:49):
fee to give it to them. Then they give it
to him as a grant that he never has to
pay back, instead of allowing me to just be nice
to him and put it on his his loan amount,
so you can just pay me back over time. Why
was that illegal in the first or when? Why did
they make that? Because it's considered an inducement.

Speaker 2 (02:09):
I don't know what that means.

Speaker 1 (02:10):
That means you're you're being, in one way, shape or
form maneuvered into buying a house. Uh that's still which frankly,
I mean it flies in the face of of of
legal and so forth. But I I think, honestly, unless
you're you're affecting a protecting class and those are written
out in black and white, you should just if I

(02:32):
disclose it. Everybody knows about it. It's written down and
signed off on. Government could just get out of the way.
If I want to pay now, you can still pay
the closing cost or credit the closing cost, but you
can't give money for their down payment. Just crazy, absolutely crazy.
This is what happens when government gets involved in stuff

(02:54):
the government doesn't know. Squad about A two or nine
and eight six A two on w TV And back
to the phone calls. John, you're on SIXTENDATV at height.

Speaker 2 (03:04):
Hey, Jeck, just giving your call about this ridiculous thing
they're doing. Uh, you know what they're gonna tell you
don't worry about it, you know, just go get a
thirty four percent interest rate credit card. You know, if
you're running into trouble, you know.

Speaker 1 (03:24):
You.

Speaker 2 (03:25):
Do not have a teenage kid out there that can
afford that type of money, that type of parking arrangements.
And they know it.

Speaker 1 (03:37):
Yeah, I doubt I doubt that any young person who
has enough responsibility to get their first apartment. You know,
you're gonna pay for parking hourly. Then you're not going
to have a car. What are you going to do?
You come home ten hours, you go to work, and
you come home, So fourteen out of twenty four hours
you're paying hourly parking. That's going to be as much
as you're rent by the time they get done with you.

Speaker 2 (03:59):
Yes, and that's the whole problem. Then they force you
to the credit cards and they say, oh, we're sorry. Here,
go ahead and get on food stamps, you know, get
on Assistance's ridiculous.

Speaker 1 (04:12):
There you go. But John, seriously, I believe ultimately that
is the plan. If you beat people into financial submission
and get them to come a call in so they
can get the food stamps, or they can get the medicaid,
or they can get the general assistants or whatever they
call it these days. You you get them beholding to you,
You control them.

Speaker 2 (04:33):
Love the Democrat.

Speaker 1 (04:36):
Yeah, yeah, we are. We are puppets in a lot
of ways. I appreciate you, buddy, Thanks very much for
the call. E two one nine eight eighty six A
two un up a UTV. And yeah, yeah, that's that's
why every time the when I hear politicians talk we've
got to do something about the economy, I about half
believe them. I about half believe them, because the more

(04:58):
in need you are are of what they have, the
more compliant and submissive you are going to be. You've
been traveling through the desert, been through the desert on
a horse with no name. You come up on me,
I got some water. Well, if I want you to
tap dance and sing me a pretty tune, You're gonna
tap dance and sing me a pretty tune. And they

(05:21):
know that that is the nature of government in twenty
twenty five and for years before that. Submission and compliance
are ultimately what you want. If you are if you're
the one in power, you're in control. The last thing
you want is people out here acting of their own accord,

(05:41):
making their own decisions, taking their own chances. You've got
to control everything. There is an extent to which that
can benefit society and you as an individual, But that
extent was passed a long time ago, and we're way
above and be as far as I'm concerned. A TWOTV

(06:02):
and Aaron, you're on the Legacy Retirement Group dot com
phone line.

Speaker 3 (06:04):
Ty Hey, So I don't understand why they're not concentrating
more on the areas that are gonna require the most labor,
you know, like out there in Lockborn, out there down
there where they've got all them warehouse all that DHL
stuff going down down by Rickenbacker that they put those
houses on Groveport Road. Those are about three hundred and

(06:27):
fifty thousand right there at Groveport down from the Wendy's.
Those new they're like one story, two and three bedroom condos.
They're about three hundred thousand. And then if you go
out to Atna, the newest places they got out there,
those are all three hundred thousand. There's a big apartment
complex that went in just east of Taylor and Broad.

(06:50):
There's a bunch of but it's not enough because they're
building warehouses and they're building industry way faster than they're
putting up houses, and then they're gonna they want to
put three hundred thousand dollars quote unquote affordable houses downtown.
I mean, where are all the people going to work?
They're just it's another example of this city not having

(07:13):
any foresight.

Speaker 1 (07:14):
Well, and it's it's people, it's markets, it's everything. There
is no such thing as foresight anymore. I think my parents,
if I remember accurately and over the years, you hear things,
I believe in nineteen fifty nine, my parents' first home
was seventeen thousand, five hundred dollars. Now at that time,
I believe Dad was making about sixty five hundred dollars

(07:35):
a year. So seventeen thousand, five hundred dollars as sixty
five hundred dollars a year income. Now fast forward that
to where seventeen thousand, five hundred dollars becomes one hundred
and seventy five thousand dollars. Was that same line of work,
that same type of thing generating sixty five thousand dollars

(07:56):
a year in income. This is where we have a
problem if income does not go up in accordance with
the price of the housing going up. If the housing
goes up much faster, much higher, then fewer people can't
afford what you're selling. And if the house costs, you know,
five hundred thousand dollars, that's fine as long as income

(08:20):
goes up at that same type of rate, because ultimately,
the dollars, it's what we put on paper. It's just
it's just a way of marking down things. Whether it's
one hundred thousand dollars or ten bucks, it's all the same.
It's just we like to feel better, so we make
more money. And when we make more money, we spend
more money, and stuff costs more. The cost of everything
continues to go up faster than the income of the

(08:43):
people who are buying everything. And this is where we
end up with I need food stamps, I need Medicaid,
I need whatever, and they like it that way.

Speaker 3 (08:52):
Well, unless you think about the people that are coming
in to fill all these high tech jobs moving in
from California and the West Coast and Texas and places
like that, that are coming here for these high tech
jobs that they're used to paying half a million dollars
a million dollars for a house, So three hundred thousand
dollars is nothing to them, So I don't think they're

(09:15):
going to have any trouble selling them. Chuck. Yeah, Well,
my problem is is the people that are supposed to
be benefiting aren't. They're going to be pushed out.

Speaker 1 (09:23):
I don't know that they're selling these apartments. That was
the gist of the story that we are seeing an
average to build similar apartments in Ohio of sixty five
to eighty six thousand dollars. They're spending three hundred and
fifty three thousand, six hundred dollars per unit on this,
So the rent is going to have to be probably
substantially higher than what you're paying for an apartment that

(09:43):
costs ninety thousand dollars to build. So how are people
going to afford the rent that's going to be required
for that kind of expense? And then they start talking
about all these programs that are involved in how they
have to meet these standards. Well, what that means is
they could probably do it for one hundred grand, but
because of all these standards, and if you want the

(10:04):
free money for the development and you want the tax
incentives for the development, you crank up the price in
order to elevate the housing costs, and so Columbus can go, Look,
our housing is now inflating to this much in downtown Columbus.
Is this valuable to people?

Speaker 2 (10:19):
Well?

Speaker 3 (10:19):
Not only that, what about all this you said before,
the green Edge Energy initiative, of all this, who's benefiting
from that craft and green initiative initiation? You know what
that means to me?

Speaker 1 (10:33):
Cheap?

Speaker 3 (10:33):
But it's still three times the cost of normal material.

Speaker 1 (10:36):
There you go, there, you got I agree with you.
This stuff that they are saying, is that environmentally friendly
and so forth? Usually does not? I mean, go back
to Mosquitos. Every time we complained about Mosquitos. You know what,
I think we got rid of DDT, which killed everything.
Pterodactyl could fly over your house. Man, you spray some
DDT up there, the pterodactyl comes down. Now you get

(11:00):
five hundred different sprays and candles and torches and everything
else burning in your backyard, and you still hear the
sounds of guests smacking their legs when they come over
for an eating barbecue. I just it doesn't make sense.
Get rid of what works in favor of what doesn't work.
Because somebody like aoc or al Gore. You know, al

(11:20):
Gore's got to be mad. You know, I'm not getting
any more carbon credit only everybody's love it on her.
It's not aw that's not fair. You know, he's got
to be upset. Do you remember when he was pushing
the carbon credits, Zach, were you cogent enough or coherent
enough when it came to political stuff when al Gore
was selling the carbon offset credits?

Speaker 3 (11:42):
Sure was?

Speaker 1 (11:43):
I remember an inconvenient truth.

Speaker 2 (11:44):
I think I may have went to see it.

Speaker 1 (11:46):
Do you remember when the news story broke about the
highest user of cold powered electricity in the state of Tennessee. Yes,
it is al Gore, al Gore's mansion. Was you using
more electricity while he's telling you you need the ball
off set credits carbon offset credits because you own a

(12:08):
cow and the cow farts and that creates greenhouse gas,
so you get about credits for your cow. And his
Tennessee mansion was burning more. Maybe it was in his
city that he is litter burning more electricity than any
other any other building in the city. This is the

(12:28):
disingenuous nature of people that seek to control you. Zach
seeks to control me pretty much every day. I have
yet to let him get away with it. Are you
does anything you need to do? I'm just saying the
stuff that you you do to me and say to
me and send me and so forth. It just do
you know how many people you could like and go?

(12:49):
Why do you let Chuck abuse you so much? No,
they do not. Constantly, they do not. Everybody knows. Everybody knows.
I'm way nicer to you than I should be. None
I've done wrong. I sent you some funny videos. That's it.
I got free to describe them. You got to get
out of here.