June 19, 2025 • 37 mins
Today, Doug Pike interviews Dr. Rafael Samper-Ternant about adult children interacting with their parent's doctor. Pike also speaks with Derrick Barker about real estate.
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Speaker 1 (00:01):
Remember when it was impossible to misplace the TV remote.
Speaker 2 (00:06):
Because you were the TV remote.
Speaker 1 (00:09):
Remember when music sounded like this, Remember when social media
was truly social?
Speaker 2 (00:17):
Hey John, how's it going today?
Speaker 1 (00:20):
Well, this show is all about you one. This is
fifty plus with Doug Pike. Helpful information on your finances,
good health, and what to do for fun. Fifty plus
brought to you by the UT Health Houston Institute on Aging,
Informed Decisions for a healthier, happier life.
Speaker 2 (00:42):
And now fifty plus with Doug Pike.
Speaker 3 (00:46):
All right, Thursday edition of the program starts right now.
Thank you all for listening. I do appreciate it. Will's
about to come out the door and go looking for
me over at my desk. Little things just kept popping
up and popping up every time I turned around and
tried to get started on my prep work, and so
I was running a little bit late. But it's all
(01:06):
done now and it should be a pretty good show. Actually,
I've got a couple of interviews lined up for a
little later in the program. One is with Well, the
first one will be with a doctor who's been on
the show before, doctor Raphael sam Praternet, and he and
I are going to talk about if you're one of
my younger listeners who is listening, perhaps as I used
(01:28):
to wish there would be something so I could listen
on behalf of my mom when her health was starting
to fail. I was looking for answers to all sorts
of things for her and couldn't find them anywhere really
without just digging and digging and digging. This is all
before AI, by the way, and the long and the
short of it is, that's how this show came about.
(01:50):
So if that's you, or perhaps you care as another
senior for someone else in your life who also is senior,
you got to remember that hippo rules don't allow you
automatically to be in the room to have shared information
on what's going on in mom or dad's health life
(02:11):
and medical history. So anyway, we're going to talk about
how to navigate that, how to make sure that your
loved one is getting the attention they need and getting
the treatments and services and whatnot they need from their
healthcare providers. A little bit of paperwork involved, perhaps in
(02:32):
many cases, I think, and then there's some other little
more specific issues we'll deal with, or just topics will
deal they're not issues really, they're just topics. Also after that,
at the bottom of the hour, I'm going to talk
to a man named Derek Barker who runs a company.
I believe he's out of Atlanta, that's what his area
code says, and I think he yeah. I'm pretty sure
(02:55):
he's there. I may ask him, I may not, depending
on how much time we have, but we're going to
talk about real estate, and specifically it'll be a little
bit about His company is called Nectar, and Nectar is
essentially a financing company for people who are investing in
real estate, and I don't know how it works, but
(03:15):
I do want to talk to him about current interest rates.
I want to talk to him about what's what's a
good thing to consider doing in real estate across the
board now, and what's not a really good thing to do.
We'll get to all that. Pardon me when we can
the Kyle Lee about this afternoon. The last time I
(03:37):
looked out the window was probably three minutes ago, more
cloudy than clear, and with more than a hint of humidity,
I'm sure, and almost certainly enough stagnant water still hanging
around from all these afternoon showers to hatch out a
few billion mosquitos for the weekend, So just be prepared
for that. It's the beginning of summer. It's hold on tight.
If you've lived here long enough, you know what's coming.
(03:59):
You know it's not going to be fun. You know
it's gonna be hot as blazes. But we'll get through it.
We all will. Hopefully. That's my plans for all of
us who are around today to be here a year
from now talking about how we made it through the
summer of twenty twenty five. Market indicators were up, well
two up too down Actually, about twenty minutes ago, gold
(04:20):
was down twenty three bucks an ounce, and oil was
up more than a buck and a half a barrel.
Thanks to this war that's breaking out over in the
Middle East between Israel and Iran. Every one of those
countries over there, that well, the countries and their proxies
who are causing trouble and blowing things up and killing people,
(04:40):
just need to stop it. And I honestly don't know
how anybody will ever completely stop the fighting in the
Middle East. Just when someone goes over there and settles
it out a little bit, and up pops somebody who
wants more power, more money, more everything and they start
shooting at each other. And honestly, the thought of Iran
(05:03):
having nuclear weapons does concern me greatly because the guy
who's running that country right now probably can't wait to
push the button. It would be the last button he'd
ever push, most likely, but tremendous global damage would be
done if this guy ever gets his hands on those things.
And they're apparently pretty close from the tension that's boiled
(05:26):
up over all this stuff from the what's next in
viral scares desk word of yet another COVID strain, imagine that,
Imagine that the media just can't They just can't help themselves.
They just can't help themselves for I guess they're just
(05:50):
maybe there's somebody's got a bunch of masks still to sell,
maybe rubber gloves. Maybe there's somebody working on a new
vaccine for this latest variant of COVID, which apparently it
gives you a nasty sore throat. But, honest to God,
even at my age, after all the information that's been
revealed about how the media handled the first break break
(06:12):
out of this stuff and the just dreadful, disgusting bag
of lies that TV network spread throughout that whole time.
Speaker 2 (06:21):
I'm good.
Speaker 3 (06:21):
No more vaccines, no more masks. I'm going to continue
not licking doorknobs. I think that's been helpful. Would you
agree with that? Will you know when you put down
licking doorknobs, you got a better chance of staying healthy.
I think, why were you looking door knobs? Well, I
wasn't really, that's just a I'm just joking, of course.
(06:43):
And I do believe that COVID made all of us
far more aware of some of the bad habits we had,
and those bad habits for most of us have changed.
I've never washed my hands more than I do now.
I've never walked past well, I can't say I haven't
(07:03):
walked past a little hand sanitizer thing ever anymore. But
most of the times, depending on and when I come
out of the grocery store, I picked up all kinds
of stuff in there. And if you stand in the
produce department and watch how much fondling is done of
fruit and vegetables, and then you're in their shopping and
picking something up and putting it in your basket, you'll
(07:25):
start hitting that sanitizer too. It's just we were a
casual and unsuspecting, wishful thinking country, as was most of
the world when COVID hit, and we learned a lot
from that, even if it wasn't really will just the
(07:46):
first indication you're gonna give me, Come on, man, help
me out a little bit. All right, train wreck of
a stop, We'll get to this break right now. Institute
on Aging, UT Health, Institute on Aging.
Speaker 4 (07:58):
Uh.
Speaker 3 (07:58):
Doctor Sanford that, as a matter of fact, is the
assist associate director of that organization, and what a lucky
guy he is to be part of that. Honestly, more
than a thousand providers around here, all of whom have
gotten additional training to whatever got them out of med
school or therapy school or trainer school or whatever it was,
(08:23):
and they have learned how to apply that knowledge specifically
to seniors, specifically to us. I'm thrilled about that, I
really am. It's right here in Houston. There's actually there's
talk of another a similar program being instituted up in Chicago,
and if they do that, I'm going to try to
get on board with them and take this show up
(08:45):
there as well, so that they can have a good
platform to share that program as it builds and grows.
Just like the UT Health Institute on Aging has done
for the past ten or twelve years. Go to their website,
take a look around, see exactly what they do and
how they do it. Look at all the free resources available.
(09:05):
That'll all that are all available to you so that
you can live a longer, happier, healthier, more productive life.
That's the goal. They want us all to live longer
and live better period. End of story. Really, go to
the website, check it out. Uh dot edu slash aging,
utch dot edu slash aging.
Speaker 2 (09:24):
What's life without a net? I suggest you go to bed,
sleep it off.
Speaker 1 (09:28):
Just wait until the show's over, sleepy. Back to Dougpike
as fifty plus continues. All right, welcome back to fifty plus.
Speaker 3 (09:36):
As always, thanks for your precious time right in the
middle of the day.
Speaker 1 (09:39):
Here.
Speaker 3 (09:39):
Will use this segment to talk about what is and
isn't allowed when it comes to the adult children of
seniors interacting with their parents, doctors, and other healthcare providers.
And to keep it all clear, I am going to
welcome back to the show. Doctor Raphael Samperternent Associate Professor
at UT Health School of Public Health and Associated di
(10:00):
rector for the Institute on Aging, welcome back dot.
Speaker 4 (10:04):
Hi Doug, thanks for having me back.
Speaker 3 (10:06):
Yeah really, yeah, I appreciate this chunk of your time.
I'm presuming that most, if not all seniors would be
comfortable with allowing their offspring just full access to health records.
But on the other hand, probably some well might want
to hold secrets better kept than you know, hanging on
the line for everybody to see. If our grown up
children want to help us with our appointments, what's the
(10:26):
procedure in protocol so as not to run a foul
of hippo laws?
Speaker 4 (10:31):
Right, So I'm glad that you're bringing up the hippo laws.
So HIPPA is the Health Insurance Portability and Accountability Act,
and it was passed in nineteen ninety six to ensure
there's privacy in individual's health information and that it can
be leased to anyone. So similar to what you would
do if you have small children, where you sign a
(10:53):
document and all the information related to their medical care
comes to you, you would need to do a similar
process if you want to get access to your parents information,
and it usually just requires a form that they sign
and they give you access to their healthcare information. I
don't think this is only true for children and parents.
(11:17):
I think it's true from everyone, and we should all
have a healthcare proxy that has access to our information
in case something happens. But with parents and children, you
would need to fill out a form that is on files,
so doctors and healthcare professionals can share your parents information
with you.
Speaker 5 (11:35):
Yeah.
Speaker 3 (11:35):
In the notes that I got from hose too, I
saw a mention of a medical power of eternity of attorney.
What extra doors does that open for decisions on behalf
of mom or dad?
Speaker 4 (11:46):
Okay, so the medical power of attorney actually is now
we're moving from just getting access to information to have
legal rights to make certain decisions. So if you're concerned
about your memory failing, or if you're concerned that your
health is not what it used to be, then the
(12:07):
medical power of attorney is someone that you name and
again you need another form. There's always a form of course, unfortunately,
that you need to sign, and then you name someone
your medical power of attorney. And if you're in an
accident or you lose consciousness for whatever reason and they
have to decide whether they give you medications or they
(12:28):
do specific procedures, then you would be the person that
they would reach out to and say, this is a
situation of mister B or missus B, and you're the
medical power of attorney, what should we do? And so
the medical personnel is going to reach out to you
and ask tell you what the situation is and ask
you to make a decision for it.
Speaker 3 (12:50):
You just have almost half jokingly said, you know, and
there's another form, unfortunately, but actually it's kind of fortunate
that that form is there, isn't it.
Speaker 4 (13:00):
Yeah, So it gives protection and unfortunately there's been many
cases of families that don't play well together. Yeah, and
so this is a protection for people. However, in my experience,
most people wait too long. So if you already asking
the question should I be more involved with my parents' health,
(13:23):
you probably should have done this yesterday, So I would
start the conversation. Now, share your concerns. I see that
your health is worstening, or I see that you're having
difficulty with A and B. Would you like me to
be involved or I would like to be involved? Can
we set the procedures in place so I can have
access to the information. And for the most part, older
(13:45):
adults don't want to give up their independence, but they're
opened for people to help them, as usually they don't
want to be a burden to their children, they don't
want to impost. But if you open the conversation and
say I want to help you out, they're usually really
of that, and we'll agree to at least give access
to the information and then slowly work into the more
(14:07):
complex parts of care.
Speaker 3 (14:08):
Doctor Raphael Samperturna on fifty plus. Here, I'd presume doctor,
that providers appreciate second pairs of ears and eyes when
they're treating somebody who's on the older side of seniority.
Is that correct?
Speaker 4 (14:21):
Correct? And so we really value partnering with children, especially
because we only have fifteen or thirty minutes to talk
with our patients. So if the family is on board
and as a partner with us, we really appreciate the
extra set of eyes and the extra set of legs
to do the work and help our patients get what
(14:42):
they want from their healthcare.
Speaker 3 (14:43):
And you mentioned the time constraints too, And I was
going to note a little farther down that it's okay
for daughter or son to sit there and take notes
and have a few questions, but you don't have the
time to answer thirty or forty questions. Maybe that could
be better done in a patient portal or something like that.
Speaker 4 (15:05):
Right, Yeah, that's a great point. Unfortunately, we have a
limited amount of time, but there are questions that don't
need to be addressed right there, and so you can
keep them. So I usually recommend for children of older adults,
especially if memory is a concern, to take notes and
write those questions and then bring them up at the
next visit or as you said, sending them through the portal.
(15:28):
Or they might not need to be addressed by the clinician.
And that's why we have teams that provide care. So
a social worker in the practice or a nurse in
the practice might be able to help. So you sent
those questions, someone in the team should be able to
help you.
Speaker 3 (15:44):
That makes perfect sense. I learned recently that doctors now
have AI tools that help you, guys, produce and print
out notes from patient visits just within minutes of leaving
the room.
Speaker 2 (15:53):
Too.
Speaker 3 (15:54):
Does a medical poa provide copies of those notes to
the patient and in anybody else in the room or
who can get that report.
Speaker 4 (16:05):
Yeah, So, starting two years ago, if I remember correctly,
it's now mandated that we make notes available for patients,
and if you are listed as the healthcare proxy and
you've signed the form, then that information can be shared
with you or you're going to access to whatever we
share with the patient. And so those notes are listed
(16:26):
within the information that we usually produce after the visits,
so that would give you access to all of those notes.
And yes, AI helps us filter a lot of the
information that shouldn't go there and make the notes readable
and clear, but we still review all of those notes
and share them with the patient, and then the proxies
(16:50):
have access to that information as well.
Speaker 2 (16:52):
Let's go back to the exam room.
Speaker 3 (16:54):
When you're there, the patient's there, and somebody either a
blood relative or maybe a close friend who has permission
to be there, is in there. How should that should
that third person be interjecting or should it just be
more of an interaction between you and the patient until
it's over.
Speaker 4 (17:12):
So, in general, I think about medical encounters as an
encounter between a healthcare provider and a patient. And so
unless the patient. So we have cases and where the
patient says, I've been feeling so poorly that I would
like my daughter to tell you everything that's going on.
Unless that's the case, we usually leave the patient to
(17:33):
voice their concerns first, and we really appreciate when the
family is either filling in gaps where the person is
not remembering, independent of whether they have memory issues. When
you're in the doctor's visits, there are some things that
you simply forget, and so to fill in information that
the patient is not providing, or if there are specific concerns,
(17:54):
and that might require if you don't feel comfortable saying no,
Dad is not really doing all of the things that
he told you here doing that might not be the
best place to do. But then you can schedule a
follow up visits where you're like, some of the information
that we've shared is not one hundred percent accurate, and
I want to clarify this so we can provide better care.
So think about it as a partnership. Yeah, but still
(18:17):
the person where the focus of the care is is
still the patient. So we're open to hearing what daughters
and sons and other family members have to say, but
we still want to keep this focused on the patient.
Speaker 3 (18:30):
Roger, if I'm sitting across from you and I tell
you I'm eating a perfect diet every day and exercising
two or three times a day and getting lots of sleep.
My wife's going to tell you different. I'll just let
you know that, all right. Unfortunately we are out of time,
Doctor Raphael Samper turn it. Thank you so very much
for this. It really is helpful.
Speaker 4 (18:49):
Thank you very much. Get to talk to you again.
Speaker 3 (18:51):
You bet my pleasure. All right, We got to take
a little break here, and on the way out, I'm
going to tell you about Optima Doors. Optima Iron Doors
to be specific, where there is a summer sail going on,
despite talk of tariffs on imports from other parts of
North America, where these iron doors are made. By the way,
they don't come over on a ship from anywhere overseas.
(19:14):
These doors are made right in North America. They come
in by train and truck and whatever. And when they
land over at Optima Iron Doors showroom on North Post Oak,
they share the space. Optima Iron Doors is actually completely
owned by Primo Doors and available exclusively from Primo Doors.
(19:35):
So when you go over to the showroom you get
to see both. You get to see those beautiful iron doors,
the big heavy ones and those little no they're not little,
they're sleek and very new narrow profile iron steel doors.
Every one of them an option for you, certainly, and
one of them is going to be the one that
is going to really reflect your family's taste, your taste,
(19:56):
and let the neighbors know people who live behind that
door care about the appearance of their home. I got
a door from Primo Doors a couple of years ago.
The technicians who come are not the technicians. The installers
who come out are meticulous. They measure ten times and
then cut once on anything they're working on, and that
(20:17):
door is going to look absolutely beautiful on your home.
Still a lot less maintenance than would, let's face it,
and extremely good quality and extremely good security for your home.
And they're going to take care of you. It's just
as simple as that. You can get a quote and
take a look at a lot of options at the website,
and then maybe swing by the showroom to get some
(20:38):
personal attention to help finalize your decision. Optimurondoors dot com
is the website, the big summer sale ongoing through July,
where you're going to get a discount on top of
the price that was already in place long before there
was ever any mention of tariffs. The owner, Jason Fortenberry,
(20:59):
he didn't we jack up the price because there may
or may not be tariffs coming along, and then take
a little off of that for the sale. He took
the discount off of the price that was already lower
than most door companies would offer you around here. Optima
irondors dot com, Optima irondors dot com.
Speaker 2 (21:18):
Now they sure don't make them like they used to.
Speaker 1 (21:20):
That's why every few months we wash him, check his fluids,
and spring on a fresh cod o wax.
Speaker 2 (21:26):
This is fifty plus with Doug Pike.
Speaker 3 (21:29):
Welcome back, Thanks for sticking around on this eventually really
warm Thursday. We'll talk in this segment about real estate,
a little about interest rates, a little about managing rental
properties and maybe how to maximize your return on them
if you're in that game, and we're going to do
so with a guy who knows all about all of
that and runs a company called Nectar. I'll get to
that in a little bit too, and that man's Derek Barker.
(21:50):
Welcome aboard, Derek, Oh, thanks for having me, that's my pleasure.
So first, with interest rates virtually unchanged now for close
to a year and and close to seven percent, what
dictates whether a real estate market in one part of
the country might be booming while another's falling flat. What
causes those ebbs and flows?
Speaker 5 (22:11):
I mean, it is just the basic economics, one on one.
Supply and demand is driving the market right now. And
what you're seeing is even some markets that are strong markets.
You know, you have a lot of Texas markets, a
lot of slorter markets. You still have good jobs, you
still have people coming in. But when it comes down
to it, there is a lot of supplies that was built,
(22:32):
that got started being built in twenty twenty one or
twenty twenty two, and now is delivering all right now
in concentrated cities and concentrated neighborhoods within cities, they have
a lot of supplies and you know this overwhelming demand.
So I said, the difference between booming or not is
you know, the places where there's more supplies than demand. Yeah,
you know, there's a little bit of a struggle.
Speaker 3 (22:52):
Yeah, that's just such a simple, so simple in business
supplying demand period. That's it on it, isn't it?
Speaker 5 (22:59):
Wow?
Speaker 1 (23:00):
Yeah?
Speaker 3 (23:01):
Is there any is there any crystal ball or deck
of cards that's going to predict when changes are gonna
happen like this?
Speaker 5 (23:09):
I mean Honestly, the good thing about the real estate
market is that it's not that fast. Things move take
a long time for you to build an apartment complex
or even the house. You can see that, you know
the supply coming, and you can see what it's gone
down and right now what we have across the board,
across the market, but especially in some of these uh
you know, quote unquote hot markets in southeast if there's
(23:32):
not supply, there are not a lot of new buildings
being built, okay, and it takes three years really to
build an apartment complex, so you know, it takes about
a year to the house. So if you are seeing
right now that there's not a lot of supply, three
years from now, assuming that the you know, people keep
being with the demographics say the same. You know, people
have to keep being informed about the same rate is good.
(23:54):
You're going to see that there's not a lot of
supply in the market. Uh in demand is going to
be about where it is now. And so say he's
going to turn around definitely over the course of the
next let's say a couple of years, as you're getting
between now and then.
Speaker 3 (24:08):
Yeah, so over that two and three year period, then
when when you hit there when all of this new
supply comes on, prices go down or do they stay flat?
Or who profits when now all of these apartments are
built and all these new homes are built. Who's making money?
Speaker 2 (24:25):
Then?
Speaker 5 (24:25):
Yeah? I mean the people who are buying right now
and are able to weather the storms. I think that
they're going to benefit from an environment in you know,
in the future and then you know, in a couple
of years where there's not going to be much competition
for their assets and they're going to be dineferent from that.
And honestly, the reality is it looks we are in
(24:47):
a recessionary environment, I mean inflationary environment. The things that
are happening, the geopolitical things that are happening, the government
debt things that are happening are making it so that
inflation in the future is just likely and that benefit
people who can buy and own assets that can reset
the revenue with inflation. Uh and and push it higher.
(25:07):
As the question goes up, kind.
Speaker 3 (25:09):
Of get it while you can Huh, yes exactly. I
have heard Derek Barker from Nectar, I have heard that
a lot of our single family homes in this country
are being bought up by foreign investors. Is that true
or how and how does that affect everything we're trying
to do.
Speaker 5 (25:25):
It's a that's a is it true? There is? It
is true that there is, Uh, there are foreign foreign
money in the American market, and we've been huge beneficiaries
of that, right because that's also they are putting money
into new construction and new developments. However, is just a
small part of the market. It's still it's just not
a huge part of the market. Uh. And it's shrinking,
(25:47):
you know, it's not huge and uh, you know, yeah,
and I don't think that thing that's driving the market.
Speaker 3 (25:54):
Okay, Is there is there some ideal price point for
somebody who's thinking about getting into real estate for invest
Is there an ideal price point that they should be
looking at for a property that it's probably going to
turn a better return on a better ROI than something
a little lower or higher priced.
Speaker 5 (26:13):
I would say the most important thing is buying something
where you have enough cash reserves to wheather whatever storms happened. Okay,
So real estate is a good investment as long as
you can you know, as long as you can make
it through the you know, plumbing brakes there, you know,
there I can vacancy or all the things that happen
(26:35):
in real estate. You just have to have the staying
power to make it through. So whatever price point that is,
whereas not you're fully extended at acquisition. So that's why
I'd be at a price point where you can buy
and still have some money left over. Just in case.
Speaker 3 (26:49):
That makes perfect sense. Derek Barker, CEO of Nectar, tell
me about Nectar. I got a couple of minutes left.
Speaker 5 (26:55):
Yeah, Nectar we're a real estate investment platform. Uh, you know,
we invest in we you know, we invest alongside people
who own commercial real estate portfolios mostly so we lend
money mostly to people who own apartment complexes. We do
it across the country. We have about nine thousand units,
and we also have a fund where investors and pay
investors the two offers in return, you know, backed by
(27:17):
dozens and dozens of apartments throughout the country.
Speaker 3 (27:19):
Nice. Not bad at all, you know. I read at
your website that you and your partner started this because
there wasn't anything like what you were looking for, And
that's exactly the same story of fifty plus. When my
mom's health was failing, I couldn't find the resources I
needed to help her, And you're kind of doing the
same thing for investors, aren't you. I am.
Speaker 5 (27:40):
Yeah. Back, my old business was an apartment business. I
bought and renovated apartment complexes all throughout the side of
the South Southeast. And even though we had a couple
of thousand units that were stabilized. You know, your money
is tied up in your assets. So if you need,
you know, some liquidity to go and take advantage of
a deal to fix of you know, a renovation comes up,
(28:00):
there's not a lot of places to go. You can't
go to a bank. Will Fargar isn't gonna you know,
cut you a five from your thousand dollars check. Start Nector, Yeah,
start Nector to solve that problem. And for the people
who they own assets, and.
Speaker 3 (28:13):
For anybody thinking about getting into family housing investment and whatnot,
tell them how easy it is and what a cakewalk
it is to just become a multi millionaire.
Speaker 5 (28:24):
It's not rocket science joke. It be it could be
easy but still hard, or it's not complicated, still hard,
you know.
Speaker 3 (28:32):
Yeah, it's yeah, it's it's easy to get into it,
it's hard to be successful at it. Like anything worth
doing really is, isn't it.
Speaker 5 (28:40):
You gotta be down to just stick with it for
ten years and deal with all the ups and downs
and not see linear success but still see a tremendous
success over time.
Speaker 3 (28:49):
Fantastic, Derek Barker nectar dot com is that correct?
Speaker 5 (28:53):
Use nector dot com?
Speaker 2 (28:54):
Yeah, thank you. E. P. A. R.
Speaker 3 (28:57):
Yeah. I just had a link and I went to it,
So use nectro dot com. Thank you so much, Derek,
I really appreciate it.
Speaker 4 (29:04):
Thank you you.
Speaker 3 (29:04):
Bet huh By. All right, off we go to this
break and out we go with Champion Tree Preservation. These
guys have been they're in Champions, they're up on that
side of town. Uh, but they'll go wherever you need
to go to have your trees looked at. I may
have them come out and take a look at my
oak trees, the four in my front yard, which that
(29:25):
was what every yard got when this neighborhood was started
more than thirty years ago, and a couple of them,
I'm thinking about maybe the time for them to just
be gone, because they're still stable and still strong, I think,
but I want to make sure that they are by
having one of the arborists from Champion Tree Preservation, come out,
take a look around and let me know whether all
(29:47):
these temperature extremes we've had over the last few years
have done any serious damage to the root systems of
these trees. They look healthy, but sometimes the way our
weather goes, they're not. Andampion Tree Preservation can help you
with that. Maybe it just needs feeding, maybe it needs
a little pruning, maybe it needs some big limbs taken off,
(30:08):
maybe it needs to just go. And if that's the
case and you still want to get a tree back
in your yard, well, Champion Tree just happens to own
its own tree tree farm, and they've got hundreds of
trees over there just waiting for you to pick one out.
They'll bring it out there, plug it into the hole
where the old one came from, and you can watch
that one grow for many, many more years. They own
(30:30):
all of their equipment too, so you don't have to
worry about being in line behind some other tree company
that's rented the machine that needs to be used at
your house. Champion Tree the staff is all staff, the
equipment is all owned by the company, and they'll make
sure your trees are ready for storm season. Simple as that.
Two eight one three two zero eighty two oh one
(30:54):
two eight one three two zero eighty two oh one,
or just go to the website champions Tree dot com,
Championstree dot com.
Speaker 1 (31:04):
Old Guy's rule, and of course women never get old.
If you want to avoid sleeping on the couch.
Speaker 2 (31:12):
Okay, well you think that sounds like a good plan.
Fifty plus continues. Here's more with Doug.
Speaker 4 (31:18):
So.
Speaker 2 (31:18):
I asked Will during the break to.
Speaker 3 (31:22):
Contemplate what it might cost to buy breakfast, and I
hope if you haven't seen this story yet, just sit
down somewhere. Got the breakfast tab for a family of five?
There's three adults, was probably an older child or maybe
a grandparent. Three adults and two children at Disneyland in
California went to breakfast. How much Will, for all the
(31:45):
money in the camper, did breakfast for three adults and
two kids cost for three adults and two kids, it
costs two hundred and fifty five dollars? Louting tep, You're
not even close, Will, You're not even close this. I'm
(32:06):
gonna give you the number and then just let it
simmer for a second. Nine hundred and thirty seven dollars
to feed five people breakfast at Disneyland. Let that sink
in for a minute. Nine hundred and thirty seven dollars.
I can. I can fly round trip to Europe for
(32:30):
less than one thousand dollars. I can stay in a
lot of really nice resorts for a week for one
thousand dollars. So what do you think of that? Will
can't wait to get there? It's a high number. Yeah,
it's a high number. It's also outrageous. Nobody on this
(32:50):
planet can convince me that there's value in that. Even
I don't care if Mickey Mouse himself served the meal.
I don't care if snow White came to the table
and laid out the waffles and the and the scrambled eggs,
and the pancakes, and the sausage and the lobster rolls,
whatever else was on that buffet. That is just a
(33:14):
shameless ripoff of families being made by company that kind
of knows its audience entirely captive, doesn't care at all.
Who can or cannot afford a thousand thousand dollars breakfast?
How is that possible they? How can they with a
straight face look at you and say, Okay, it's gonna
be about one hundred and eighty dollars apiece for each
(33:35):
of you to eat. And oh, by the way, I
think there was that included. I don't remember exactly what
the buffet price cost, but that included something like one
hundred and twenty dollars tip for breakfast. That's what breakfast
should have cost for five people.
Speaker 2 (33:50):
Up state.
Speaker 3 (33:50):
When I go fishing down in Corpus and walk the
beach a lot at North Padre Island fish Packery Channel,
and then up the beach going back north, I'll stay
in a little hotel to or a little motel down
there that gives me a free breakfast. I get my
sausage and scrambled eggs and biscuits and gravy and waffles
and yogurt and whatever I want for free, not two
(34:14):
hundred dollars now, granted it's not at Disneyland. But you know,
think of you put that same You put that thousand
dollars in a child's college fund when they're six years old,
and I'm guessing you could probably have college paid for
by the time they get to eighteen. I'm not certain.
(34:35):
All right, Well, interesting conversation Starter Prime Time or bird
Bomb Prime Time, Amazon Prime Day now four days originally
one when they started going all the way back to
twenty fifteen. So and then they made it two days
(34:55):
in twenty seventeen, and that held on and held on
for what eight years? I guess, now, why not just
go with Amazon Prime Week. Let's just get it over with.
There's always some deal going on there anyway.
Speaker 2 (35:08):
Just make it a whole week.
Speaker 3 (35:10):
Nothing wrong with that. I'm back to you. Will, don't
run off m No, not that I'll drink to that.
I won't drink to that, or that's all. That's all.
It should have had a question mark behind it. It
should have sounded like that's all, because here's.
Speaker 5 (35:31):
What it is.
Speaker 3 (35:32):
American workers say that there is an average of fifty
three tasks per week that kill their momentum at work.
Working here, It's like, that's all you're complaining about, having
fifty three things to do in a week that throw
you a little curveball. I had that many yesterday yesterday
(35:55):
will and if I count the four thousand emails I have,
then yeah, I got to get rid of some of
those too. I have sixty minutes of those every single
weekday except Monday. That day except Monday, don't go there,
will don't go there. We got one minute, Doug one minute. Okay,
(36:16):
I'll give you another pop quiz. How much does a
bottle of water cost at the Aria Resort in Las Vegas?
One bottle of water twelve dollars? No, I can't get
a half a bottle for that. Twenty six bucks for
a bottle of water. Who is paying all this money
for these things? I influencers?
Speaker 4 (36:36):
Will?
Speaker 3 (36:37):
They can't be that rich, can they?
Speaker 4 (36:39):
No?
Speaker 3 (36:40):
By the way, how much time do I have for
a conversation?
Speaker 5 (36:42):
Starter?
Speaker 1 (36:42):
Will?
Speaker 3 (36:43):
Twenty five seconds? I had to read slowly. Then you're
you know what wooly mammoths are, right?
Speaker 5 (36:48):
Yes?
Speaker 3 (36:49):
And you know what the Pyramids of Giza are? Right? Sure?
Speaker 5 (36:53):
Get this.
Speaker 3 (36:54):
I didn't know this, and I'm sure you didn't either.
There were wooly mammoths alone live on this planet at
the same time that the Pyramids of Gezer were under construction.
That's pretty cool, Audios, See you tomorrow.
Remember when it was impossible to misplace the TV remote.
Speaker 2 (00:06):
Because you were the TV remote.
Speaker 1 (00:09):
Remember when music sounded like this, Remember when social media
was truly social?
Speaker 2 (00:17):
Hey John, how's it going today?
Speaker 1 (00:20):
Well, this show is all about you one. This is
fifty plus with Doug Pike. Helpful information on your finances,
good health, and what to do for fun. Fifty plus
brought to you by the UT Health Houston Institute on Aging,
Informed Decisions for a healthier, happier life.
Speaker 2 (00:42):
And now fifty plus with Doug Pike.
Speaker 3 (00:46):
All right, Thursday edition of the program starts right now.
Thank you all for listening. I do appreciate it. Will's
about to come out the door and go looking for
me over at my desk. Little things just kept popping
up and popping up every time I turned around and
tried to get started on my prep work, and so
I was running a little bit late. But it's all
(01:06):
done now and it should be a pretty good show. Actually,
I've got a couple of interviews lined up for a
little later in the program. One is with Well, the
first one will be with a doctor who's been on
the show before, doctor Raphael sam Praternet, and he and
I are going to talk about if you're one of
my younger listeners who is listening, perhaps as I used
(01:28):
to wish there would be something so I could listen
on behalf of my mom when her health was starting
to fail. I was looking for answers to all sorts
of things for her and couldn't find them anywhere really
without just digging and digging and digging. This is all
before AI, by the way, and the long and the
short of it is, that's how this show came about.
(01:50):
So if that's you, or perhaps you care as another
senior for someone else in your life who also is senior,
you got to remember that hippo rules don't allow you
automatically to be in the room to have shared information
on what's going on in mom or dad's health life
(02:11):
and medical history. So anyway, we're going to talk about
how to navigate that, how to make sure that your
loved one is getting the attention they need and getting
the treatments and services and whatnot they need from their
healthcare providers. A little bit of paperwork involved, perhaps in
(02:32):
many cases, I think, and then there's some other little
more specific issues we'll deal with, or just topics will
deal they're not issues really, they're just topics. Also after that,
at the bottom of the hour, I'm going to talk
to a man named Derek Barker who runs a company.
I believe he's out of Atlanta, that's what his area
code says, and I think he yeah. I'm pretty sure
(02:55):
he's there. I may ask him, I may not, depending
on how much time we have, but we're going to
talk about real estate, and specifically it'll be a little
bit about His company is called Nectar, and Nectar is
essentially a financing company for people who are investing in
real estate, and I don't know how it works, but
(03:15):
I do want to talk to him about current interest rates.
I want to talk to him about what's what's a
good thing to consider doing in real estate across the
board now, and what's not a really good thing to do.
We'll get to all that. Pardon me when we can
the Kyle Lee about this afternoon. The last time I
(03:37):
looked out the window was probably three minutes ago, more
cloudy than clear, and with more than a hint of humidity,
I'm sure, and almost certainly enough stagnant water still hanging
around from all these afternoon showers to hatch out a
few billion mosquitos for the weekend, So just be prepared
for that. It's the beginning of summer. It's hold on tight.
If you've lived here long enough, you know what's coming.
(03:59):
You know it's not going to be fun. You know
it's gonna be hot as blazes. But we'll get through it.
We all will. Hopefully. That's my plans for all of
us who are around today to be here a year
from now talking about how we made it through the
summer of twenty twenty five. Market indicators were up, well
two up too down Actually, about twenty minutes ago, gold
(04:20):
was down twenty three bucks an ounce, and oil was
up more than a buck and a half a barrel.
Thanks to this war that's breaking out over in the
Middle East between Israel and Iran. Every one of those
countries over there, that well, the countries and their proxies
who are causing trouble and blowing things up and killing people,
(04:40):
just need to stop it. And I honestly don't know
how anybody will ever completely stop the fighting in the
Middle East. Just when someone goes over there and settles
it out a little bit, and up pops somebody who
wants more power, more money, more everything and they start
shooting at each other. And honestly, the thought of Iran
(05:03):
having nuclear weapons does concern me greatly because the guy
who's running that country right now probably can't wait to
push the button. It would be the last button he'd
ever push, most likely, but tremendous global damage would be
done if this guy ever gets his hands on those things.
And they're apparently pretty close from the tension that's boiled
(05:26):
up over all this stuff from the what's next in
viral scares desk word of yet another COVID strain, imagine that,
Imagine that the media just can't They just can't help themselves.
They just can't help themselves for I guess they're just
(05:50):
maybe there's somebody's got a bunch of masks still to sell,
maybe rubber gloves. Maybe there's somebody working on a new
vaccine for this latest variant of COVID, which apparently it
gives you a nasty sore throat. But, honest to God,
even at my age, after all the information that's been
revealed about how the media handled the first break break
(06:12):
out of this stuff and the just dreadful, disgusting bag
of lies that TV network spread throughout that whole time.
Speaker 2 (06:21):
I'm good.
Speaker 3 (06:21):
No more vaccines, no more masks. I'm going to continue
not licking doorknobs. I think that's been helpful. Would you
agree with that? Will you know when you put down
licking doorknobs, you got a better chance of staying healthy.
I think, why were you looking door knobs? Well, I
wasn't really, that's just a I'm just joking, of course.
(06:43):
And I do believe that COVID made all of us
far more aware of some of the bad habits we had,
and those bad habits for most of us have changed.
I've never washed my hands more than I do now.
I've never walked past well, I can't say I haven't
(07:03):
walked past a little hand sanitizer thing ever anymore. But
most of the times, depending on and when I come
out of the grocery store, I picked up all kinds
of stuff in there. And if you stand in the
produce department and watch how much fondling is done of
fruit and vegetables, and then you're in their shopping and
picking something up and putting it in your basket, you'll
(07:25):
start hitting that sanitizer too. It's just we were a
casual and unsuspecting, wishful thinking country, as was most of
the world when COVID hit, and we learned a lot
from that, even if it wasn't really will just the
(07:46):
first indication you're gonna give me, Come on, man, help
me out a little bit. All right, train wreck of
a stop, We'll get to this break right now. Institute
on Aging, UT Health, Institute on Aging.
Speaker 4 (07:58):
Uh.
Speaker 3 (07:58):
Doctor Sanford that, as a matter of fact, is the
assist associate director of that organization, and what a lucky
guy he is to be part of that. Honestly, more
than a thousand providers around here, all of whom have
gotten additional training to whatever got them out of med
school or therapy school or trainer school or whatever it was,
(08:23):
and they have learned how to apply that knowledge specifically
to seniors, specifically to us. I'm thrilled about that, I
really am. It's right here in Houston. There's actually there's
talk of another a similar program being instituted up in Chicago,
and if they do that, I'm going to try to
get on board with them and take this show up
(08:45):
there as well, so that they can have a good
platform to share that program as it builds and grows.
Just like the UT Health Institute on Aging has done
for the past ten or twelve years. Go to their website,
take a look around, see exactly what they do and
how they do it. Look at all the free resources available.
(09:05):
That'll all that are all available to you so that
you can live a longer, happier, healthier, more productive life.
That's the goal. They want us all to live longer
and live better period. End of story. Really, go to
the website, check it out. Uh dot edu slash aging,
utch dot edu slash aging.
Speaker 2 (09:24):
What's life without a net? I suggest you go to bed,
sleep it off.
Speaker 1 (09:28):
Just wait until the show's over, sleepy. Back to Dougpike
as fifty plus continues. All right, welcome back to fifty plus.
Speaker 3 (09:36):
As always, thanks for your precious time right in the
middle of the day.
Speaker 1 (09:39):
Here.
Speaker 3 (09:39):
Will use this segment to talk about what is and
isn't allowed when it comes to the adult children of
seniors interacting with their parents, doctors, and other healthcare providers.
And to keep it all clear, I am going to
welcome back to the show. Doctor Raphael Samperternent Associate Professor
at UT Health School of Public Health and Associated di
(10:00):
rector for the Institute on Aging, welcome back dot.
Speaker 4 (10:04):
Hi Doug, thanks for having me back.
Speaker 3 (10:06):
Yeah really, yeah, I appreciate this chunk of your time.
I'm presuming that most, if not all seniors would be
comfortable with allowing their offspring just full access to health records.
But on the other hand, probably some well might want
to hold secrets better kept than you know, hanging on
the line for everybody to see. If our grown up
children want to help us with our appointments, what's the
(10:26):
procedure in protocol so as not to run a foul
of hippo laws?
Speaker 4 (10:31):
Right, So I'm glad that you're bringing up the hippo laws.
So HIPPA is the Health Insurance Portability and Accountability Act,
and it was passed in nineteen ninety six to ensure
there's privacy in individual's health information and that it can
be leased to anyone. So similar to what you would
do if you have small children, where you sign a
(10:53):
document and all the information related to their medical care
comes to you, you would need to do a similar
process if you want to get access to your parents information,
and it usually just requires a form that they sign
and they give you access to their healthcare information. I
don't think this is only true for children and parents.
(11:17):
I think it's true from everyone, and we should all
have a healthcare proxy that has access to our information
in case something happens. But with parents and children, you
would need to fill out a form that is on files,
so doctors and healthcare professionals can share your parents information
with you.
Speaker 5 (11:35):
Yeah.
Speaker 3 (11:35):
In the notes that I got from hose too, I
saw a mention of a medical power of eternity of attorney.
What extra doors does that open for decisions on behalf
of mom or dad?
Speaker 4 (11:46):
Okay, so the medical power of attorney actually is now
we're moving from just getting access to information to have
legal rights to make certain decisions. So if you're concerned
about your memory failing, or if you're concerned that your
health is not what it used to be, then the
(12:07):
medical power of attorney is someone that you name and
again you need another form. There's always a form of course, unfortunately,
that you need to sign, and then you name someone
your medical power of attorney. And if you're in an
accident or you lose consciousness for whatever reason and they
have to decide whether they give you medications or they
(12:28):
do specific procedures, then you would be the person that
they would reach out to and say, this is a
situation of mister B or missus B, and you're the
medical power of attorney, what should we do? And so
the medical personnel is going to reach out to you
and ask tell you what the situation is and ask
you to make a decision for it.
Speaker 3 (12:50):
You just have almost half jokingly said, you know, and
there's another form, unfortunately, but actually it's kind of fortunate
that that form is there, isn't it.
Speaker 4 (13:00):
Yeah, So it gives protection and unfortunately there's been many
cases of families that don't play well together. Yeah, and
so this is a protection for people. However, in my experience,
most people wait too long. So if you already asking
the question should I be more involved with my parents' health,
(13:23):
you probably should have done this yesterday, So I would
start the conversation. Now, share your concerns. I see that
your health is worstening, or I see that you're having
difficulty with A and B. Would you like me to
be involved or I would like to be involved? Can
we set the procedures in place so I can have
access to the information. And for the most part, older
(13:45):
adults don't want to give up their independence, but they're
opened for people to help them, as usually they don't
want to be a burden to their children, they don't
want to impost. But if you open the conversation and
say I want to help you out, they're usually really
of that, and we'll agree to at least give access
to the information and then slowly work into the more
(14:07):
complex parts of care.
Speaker 3 (14:08):
Doctor Raphael Samperturna on fifty plus. Here, I'd presume doctor,
that providers appreciate second pairs of ears and eyes when
they're treating somebody who's on the older side of seniority.
Is that correct?
Speaker 4 (14:21):
Correct? And so we really value partnering with children, especially
because we only have fifteen or thirty minutes to talk
with our patients. So if the family is on board
and as a partner with us, we really appreciate the
extra set of eyes and the extra set of legs
to do the work and help our patients get what
(14:42):
they want from their healthcare.
Speaker 3 (14:43):
And you mentioned the time constraints too, And I was
going to note a little farther down that it's okay
for daughter or son to sit there and take notes
and have a few questions, but you don't have the
time to answer thirty or forty questions. Maybe that could
be better done in a patient portal or something like that.
Speaker 4 (15:05):
Right, Yeah, that's a great point. Unfortunately, we have a
limited amount of time, but there are questions that don't
need to be addressed right there, and so you can
keep them. So I usually recommend for children of older adults,
especially if memory is a concern, to take notes and
write those questions and then bring them up at the
next visit or as you said, sending them through the portal.
(15:28):
Or they might not need to be addressed by the clinician.
And that's why we have teams that provide care. So
a social worker in the practice or a nurse in
the practice might be able to help. So you sent
those questions, someone in the team should be able to
help you.
Speaker 3 (15:44):
That makes perfect sense. I learned recently that doctors now
have AI tools that help you, guys, produce and print
out notes from patient visits just within minutes of leaving
the room.
Speaker 2 (15:53):
Too.
Speaker 3 (15:54):
Does a medical poa provide copies of those notes to
the patient and in anybody else in the room or
who can get that report.
Speaker 4 (16:05):
Yeah, So, starting two years ago, if I remember correctly,
it's now mandated that we make notes available for patients,
and if you are listed as the healthcare proxy and
you've signed the form, then that information can be shared
with you or you're going to access to whatever we
share with the patient. And so those notes are listed
(16:26):
within the information that we usually produce after the visits,
so that would give you access to all of those notes.
And yes, AI helps us filter a lot of the
information that shouldn't go there and make the notes readable
and clear, but we still review all of those notes
and share them with the patient, and then the proxies
(16:50):
have access to that information as well.
Speaker 2 (16:52):
Let's go back to the exam room.
Speaker 3 (16:54):
When you're there, the patient's there, and somebody either a
blood relative or maybe a close friend who has permission
to be there, is in there. How should that should
that third person be interjecting or should it just be
more of an interaction between you and the patient until
it's over.
Speaker 4 (17:12):
So, in general, I think about medical encounters as an
encounter between a healthcare provider and a patient. And so
unless the patient. So we have cases and where the
patient says, I've been feeling so poorly that I would
like my daughter to tell you everything that's going on.
Unless that's the case, we usually leave the patient to
(17:33):
voice their concerns first, and we really appreciate when the
family is either filling in gaps where the person is
not remembering, independent of whether they have memory issues. When
you're in the doctor's visits, there are some things that
you simply forget, and so to fill in information that
the patient is not providing, or if there are specific concerns,
(17:54):
and that might require if you don't feel comfortable saying no,
Dad is not really doing all of the things that
he told you here doing that might not be the
best place to do. But then you can schedule a
follow up visits where you're like, some of the information
that we've shared is not one hundred percent accurate, and
I want to clarify this so we can provide better care.
So think about it as a partnership. Yeah, but still
(18:17):
the person where the focus of the care is is
still the patient. So we're open to hearing what daughters
and sons and other family members have to say, but
we still want to keep this focused on the patient.
Speaker 3 (18:30):
Roger, if I'm sitting across from you and I tell
you I'm eating a perfect diet every day and exercising
two or three times a day and getting lots of sleep.
My wife's going to tell you different. I'll just let
you know that, all right. Unfortunately we are out of time,
Doctor Raphael Samper turn it. Thank you so very much
for this. It really is helpful.
Speaker 4 (18:49):
Thank you very much. Get to talk to you again.
Speaker 3 (18:51):
You bet my pleasure. All right, We got to take
a little break here, and on the way out, I'm
going to tell you about Optima Doors. Optima Iron Doors
to be specific, where there is a summer sail going on,
despite talk of tariffs on imports from other parts of
North America, where these iron doors are made. By the way,
they don't come over on a ship from anywhere overseas.
(19:14):
These doors are made right in North America. They come
in by train and truck and whatever. And when they
land over at Optima Iron Doors showroom on North Post Oak,
they share the space. Optima Iron Doors is actually completely
owned by Primo Doors and available exclusively from Primo Doors.
(19:35):
So when you go over to the showroom you get
to see both. You get to see those beautiful iron doors,
the big heavy ones and those little no they're not little,
they're sleek and very new narrow profile iron steel doors.
Every one of them an option for you, certainly, and
one of them is going to be the one that
is going to really reflect your family's taste, your taste,
(19:56):
and let the neighbors know people who live behind that
door care about the appearance of their home. I got
a door from Primo Doors a couple of years ago.
The technicians who come are not the technicians. The installers
who come out are meticulous. They measure ten times and
then cut once on anything they're working on, and that
(20:17):
door is going to look absolutely beautiful on your home.
Still a lot less maintenance than would, let's face it,
and extremely good quality and extremely good security for your home.
And they're going to take care of you. It's just
as simple as that. You can get a quote and
take a look at a lot of options at the website,
and then maybe swing by the showroom to get some
(20:38):
personal attention to help finalize your decision. Optimurondoors dot com
is the website, the big summer sale ongoing through July,
where you're going to get a discount on top of
the price that was already in place long before there
was ever any mention of tariffs. The owner, Jason Fortenberry,
(20:59):
he didn't we jack up the price because there may
or may not be tariffs coming along, and then take
a little off of that for the sale. He took
the discount off of the price that was already lower
than most door companies would offer you around here. Optima
irondors dot com, Optima irondors dot com.
Speaker 2 (21:18):
Now they sure don't make them like they used to.
Speaker 1 (21:20):
That's why every few months we wash him, check his fluids,
and spring on a fresh cod o wax.
Speaker 2 (21:26):
This is fifty plus with Doug Pike.
Speaker 3 (21:29):
Welcome back, Thanks for sticking around on this eventually really
warm Thursday. We'll talk in this segment about real estate,
a little about interest rates, a little about managing rental
properties and maybe how to maximize your return on them
if you're in that game, and we're going to do
so with a guy who knows all about all of
that and runs a company called Nectar. I'll get to
that in a little bit too, and that man's Derek Barker.
(21:50):
Welcome aboard, Derek, Oh, thanks for having me, that's my pleasure.
So first, with interest rates virtually unchanged now for close
to a year and and close to seven percent, what
dictates whether a real estate market in one part of
the country might be booming while another's falling flat. What
causes those ebbs and flows?
Speaker 5 (22:11):
I mean, it is just the basic economics, one on one.
Supply and demand is driving the market right now. And
what you're seeing is even some markets that are strong markets.
You know, you have a lot of Texas markets, a
lot of slorter markets. You still have good jobs, you
still have people coming in. But when it comes down
to it, there is a lot of supplies that was built,
(22:32):
that got started being built in twenty twenty one or
twenty twenty two, and now is delivering all right now
in concentrated cities and concentrated neighborhoods within cities, they have
a lot of supplies and you know this overwhelming demand.
So I said, the difference between booming or not is
you know, the places where there's more supplies than demand. Yeah,
you know, there's a little bit of a struggle.
Speaker 3 (22:52):
Yeah, that's just such a simple, so simple in business
supplying demand period. That's it on it, isn't it?
Speaker 5 (22:59):
Wow?
Speaker 1 (23:00):
Yeah?
Speaker 3 (23:01):
Is there any is there any crystal ball or deck
of cards that's going to predict when changes are gonna
happen like this?
Speaker 5 (23:09):
I mean Honestly, the good thing about the real estate
market is that it's not that fast. Things move take
a long time for you to build an apartment complex
or even the house. You can see that, you know
the supply coming, and you can see what it's gone
down and right now what we have across the board,
across the market, but especially in some of these uh
you know, quote unquote hot markets in southeast if there's
(23:32):
not supply, there are not a lot of new buildings
being built, okay, and it takes three years really to
build an apartment complex, so you know, it takes about
a year to the house. So if you are seeing
right now that there's not a lot of supply, three
years from now, assuming that the you know, people keep
being with the demographics say the same. You know, people
have to keep being informed about the same rate is good.
(23:54):
You're going to see that there's not a lot of
supply in the market. Uh in demand is going to
be about where it is now. And so say he's
going to turn around definitely over the course of the
next let's say a couple of years, as you're getting
between now and then.
Speaker 3 (24:08):
Yeah, so over that two and three year period, then
when when you hit there when all of this new
supply comes on, prices go down or do they stay flat?
Or who profits when now all of these apartments are
built and all these new homes are built. Who's making money?
Speaker 2 (24:25):
Then?
Speaker 5 (24:25):
Yeah? I mean the people who are buying right now
and are able to weather the storms. I think that
they're going to benefit from an environment in you know,
in the future and then you know, in a couple
of years where there's not going to be much competition
for their assets and they're going to be dineferent from that.
And honestly, the reality is it looks we are in
(24:47):
a recessionary environment, I mean inflationary environment. The things that
are happening, the geopolitical things that are happening, the government
debt things that are happening are making it so that
inflation in the future is just likely and that benefit
people who can buy and own assets that can reset
the revenue with inflation. Uh and and push it higher.
(25:07):
As the question goes up, kind.
Speaker 3 (25:09):
Of get it while you can Huh, yes exactly. I
have heard Derek Barker from Nectar, I have heard that
a lot of our single family homes in this country
are being bought up by foreign investors. Is that true
or how and how does that affect everything we're trying
to do.
Speaker 5 (25:25):
It's a that's a is it true? There is? It
is true that there is, Uh, there are foreign foreign
money in the American market, and we've been huge beneficiaries
of that, right because that's also they are putting money
into new construction and new developments. However, is just a
small part of the market. It's still it's just not
a huge part of the market. Uh. And it's shrinking,
(25:47):
you know, it's not huge and uh, you know, yeah,
and I don't think that thing that's driving the market.
Speaker 3 (25:54):
Okay, Is there is there some ideal price point for
somebody who's thinking about getting into real estate for invest
Is there an ideal price point that they should be
looking at for a property that it's probably going to
turn a better return on a better ROI than something
a little lower or higher priced.
Speaker 5 (26:13):
I would say the most important thing is buying something
where you have enough cash reserves to wheather whatever storms happened. Okay,
So real estate is a good investment as long as
you can you know, as long as you can make
it through the you know, plumbing brakes there, you know,
there I can vacancy or all the things that happen
(26:35):
in real estate. You just have to have the staying
power to make it through. So whatever price point that is,
whereas not you're fully extended at acquisition. So that's why
I'd be at a price point where you can buy
and still have some money left over. Just in case.
Speaker 3 (26:49):
That makes perfect sense. Derek Barker, CEO of Nectar, tell
me about Nectar. I got a couple of minutes left.
Speaker 5 (26:55):
Yeah, Nectar we're a real estate investment platform. Uh, you know,
we invest in we you know, we invest alongside people
who own commercial real estate portfolios mostly so we lend
money mostly to people who own apartment complexes. We do
it across the country. We have about nine thousand units,
and we also have a fund where investors and pay
investors the two offers in return, you know, backed by
(27:17):
dozens and dozens of apartments throughout the country.
Speaker 3 (27:19):
Nice. Not bad at all, you know. I read at
your website that you and your partner started this because
there wasn't anything like what you were looking for, And
that's exactly the same story of fifty plus. When my
mom's health was failing, I couldn't find the resources I
needed to help her, And you're kind of doing the
same thing for investors, aren't you. I am.
Speaker 5 (27:40):
Yeah. Back, my old business was an apartment business. I
bought and renovated apartment complexes all throughout the side of
the South Southeast. And even though we had a couple
of thousand units that were stabilized. You know, your money
is tied up in your assets. So if you need,
you know, some liquidity to go and take advantage of
a deal to fix of you know, a renovation comes up,
(28:00):
there's not a lot of places to go. You can't
go to a bank. Will Fargar isn't gonna you know,
cut you a five from your thousand dollars check. Start Nector, Yeah,
start Nector to solve that problem. And for the people
who they own assets, and.
Speaker 3 (28:13):
For anybody thinking about getting into family housing investment and whatnot,
tell them how easy it is and what a cakewalk
it is to just become a multi millionaire.
Speaker 5 (28:24):
It's not rocket science joke. It be it could be
easy but still hard, or it's not complicated, still hard,
you know.
Speaker 3 (28:32):
Yeah, it's yeah, it's it's easy to get into it,
it's hard to be successful at it. Like anything worth
doing really is, isn't it.
Speaker 5 (28:40):
You gotta be down to just stick with it for
ten years and deal with all the ups and downs
and not see linear success but still see a tremendous
success over time.
Speaker 3 (28:49):
Fantastic, Derek Barker nectar dot com is that correct?
Speaker 5 (28:53):
Use nector dot com?
Speaker 2 (28:54):
Yeah, thank you. E. P. A. R.
Speaker 3 (28:57):
Yeah. I just had a link and I went to it,
So use nectro dot com. Thank you so much, Derek,
I really appreciate it.
Speaker 4 (29:04):
Thank you you.
Speaker 3 (29:04):
Bet huh By. All right, off we go to this
break and out we go with Champion Tree Preservation. These
guys have been they're in Champions, they're up on that
side of town. Uh, but they'll go wherever you need
to go to have your trees looked at. I may
have them come out and take a look at my
oak trees, the four in my front yard, which that
(29:25):
was what every yard got when this neighborhood was started
more than thirty years ago, and a couple of them,
I'm thinking about maybe the time for them to just
be gone, because they're still stable and still strong, I think,
but I want to make sure that they are by
having one of the arborists from Champion Tree Preservation, come out,
take a look around and let me know whether all
(29:47):
these temperature extremes we've had over the last few years
have done any serious damage to the root systems of
these trees. They look healthy, but sometimes the way our
weather goes, they're not. Andampion Tree Preservation can help you
with that. Maybe it just needs feeding, maybe it needs
a little pruning, maybe it needs some big limbs taken off,
(30:08):
maybe it needs to just go. And if that's the
case and you still want to get a tree back
in your yard, well, Champion Tree just happens to own
its own tree tree farm, and they've got hundreds of
trees over there just waiting for you to pick one out.
They'll bring it out there, plug it into the hole
where the old one came from, and you can watch
that one grow for many, many more years. They own
(30:30):
all of their equipment too, so you don't have to
worry about being in line behind some other tree company
that's rented the machine that needs to be used at
your house. Champion Tree the staff is all staff, the
equipment is all owned by the company, and they'll make
sure your trees are ready for storm season. Simple as that.
Two eight one three two zero eighty two oh one
(30:54):
two eight one three two zero eighty two oh one,
or just go to the website champions Tree dot com,
Championstree dot com.
Speaker 1 (31:04):
Old Guy's rule, and of course women never get old.
If you want to avoid sleeping on the couch.
Speaker 2 (31:12):
Okay, well you think that sounds like a good plan.
Fifty plus continues. Here's more with Doug.
Speaker 4 (31:18):
So.
Speaker 2 (31:18):
I asked Will during the break to.
Speaker 3 (31:22):
Contemplate what it might cost to buy breakfast, and I
hope if you haven't seen this story yet, just sit
down somewhere. Got the breakfast tab for a family of five?
There's three adults, was probably an older child or maybe
a grandparent. Three adults and two children at Disneyland in
California went to breakfast. How much Will, for all the
(31:45):
money in the camper, did breakfast for three adults and
two kids cost for three adults and two kids, it
costs two hundred and fifty five dollars? Louting tep, You're
not even close, Will, You're not even close this. I'm
(32:06):
gonna give you the number and then just let it
simmer for a second. Nine hundred and thirty seven dollars
to feed five people breakfast at Disneyland. Let that sink
in for a minute. Nine hundred and thirty seven dollars.
I can. I can fly round trip to Europe for
(32:30):
less than one thousand dollars. I can stay in a
lot of really nice resorts for a week for one
thousand dollars. So what do you think of that? Will
can't wait to get there? It's a high number. Yeah,
it's a high number. It's also outrageous. Nobody on this
(32:50):
planet can convince me that there's value in that. Even
I don't care if Mickey Mouse himself served the meal.
I don't care if snow White came to the table
and laid out the waffles and the and the scrambled eggs,
and the pancakes, and the sausage and the lobster rolls,
whatever else was on that buffet. That is just a
(33:14):
shameless ripoff of families being made by company that kind
of knows its audience entirely captive, doesn't care at all.
Who can or cannot afford a thousand thousand dollars breakfast?
How is that possible they? How can they with a
straight face look at you and say, Okay, it's gonna
be about one hundred and eighty dollars apiece for each
(33:35):
of you to eat. And oh, by the way, I
think there was that included. I don't remember exactly what
the buffet price cost, but that included something like one
hundred and twenty dollars tip for breakfast. That's what breakfast
should have cost for five people.
Speaker 2 (33:50):
Up state.
Speaker 3 (33:50):
When I go fishing down in Corpus and walk the
beach a lot at North Padre Island fish Packery Channel,
and then up the beach going back north, I'll stay
in a little hotel to or a little motel down
there that gives me a free breakfast. I get my
sausage and scrambled eggs and biscuits and gravy and waffles
and yogurt and whatever I want for free, not two
(34:14):
hundred dollars now, granted it's not at Disneyland. But you know,
think of you put that same You put that thousand
dollars in a child's college fund when they're six years old,
and I'm guessing you could probably have college paid for
by the time they get to eighteen. I'm not certain.
(34:35):
All right, Well, interesting conversation Starter Prime Time or bird
Bomb Prime Time, Amazon Prime Day now four days originally
one when they started going all the way back to
twenty fifteen. So and then they made it two days
(34:55):
in twenty seventeen, and that held on and held on
for what eight years? I guess, now, why not just
go with Amazon Prime Week. Let's just get it over with.
There's always some deal going on there anyway.
Speaker 2 (35:08):
Just make it a whole week.
Speaker 3 (35:10):
Nothing wrong with that. I'm back to you. Will, don't
run off m No, not that I'll drink to that.
I won't drink to that, or that's all. That's all.
It should have had a question mark behind it. It
should have sounded like that's all, because here's.
Speaker 5 (35:31):
What it is.
Speaker 3 (35:32):
American workers say that there is an average of fifty
three tasks per week that kill their momentum at work.
Working here, It's like, that's all you're complaining about, having
fifty three things to do in a week that throw
you a little curveball. I had that many yesterday yesterday
(35:55):
will and if I count the four thousand emails I have,
then yeah, I got to get rid of some of
those too. I have sixty minutes of those every single
weekday except Monday. That day except Monday, don't go there,
will don't go there. We got one minute, Doug one minute. Okay,
(36:16):
I'll give you another pop quiz. How much does a
bottle of water cost at the Aria Resort in Las Vegas?
One bottle of water twelve dollars? No, I can't get
a half a bottle for that. Twenty six bucks for
a bottle of water. Who is paying all this money
for these things? I influencers?
Speaker 4 (36:36):
Will?
Speaker 3 (36:37):
They can't be that rich, can they?
Speaker 4 (36:39):
No?
Speaker 3 (36:40):
By the way, how much time do I have for
a conversation?
Speaker 5 (36:42):
Starter?
Speaker 1 (36:42):
Will?
Speaker 3 (36:43):
Twenty five seconds? I had to read slowly. Then you're
you know what wooly mammoths are, right?
Speaker 5 (36:48):
Yes?
Speaker 3 (36:49):
And you know what the Pyramids of Giza are? Right? Sure?
Speaker 5 (36:53):
Get this.
Speaker 3 (36:54):
I didn't know this, and I'm sure you didn't either.
There were wooly mammoths alone live on this planet at
the same time that the Pyramids of Gezer were under construction.
That's pretty cool, Audios, See you tomorrow.
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