November 12, 2025 • 39 mins
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
To you in West Michigan. Joining the conversation now at
six one six seven seven four twenty four twenty four
At six one, six seven seven four twenty four to
twenty four, it's West Michigan Live with Justin Barklay on
Wood Radio on Radio.
Speaker 2 (00:16):
Well, well, welcome in.
Speaker 3 (00:18):
Looks like we could get things back open today. The
vote coming a little later on this afternoon in the
House at the details of which, by the way, big
bit of a vote, last sense. It's procedural stuff and
a committee that made that happen. We'll talk about that.
Plus day forty two rolls on and how fast if
(00:39):
they reopen, ken they get things really swinging to get
in don't talk about that. And fifty year mortgages good thing,
bad idea altogether.
Speaker 2 (00:51):
Dave Galloway joins us with the latest.
Speaker 1 (00:53):
News, weather and traffic. I'm ok his stories of the day.
We are talking about what matters most in West Michigan
and beyond. This is the big three now see.
Speaker 2 (01:06):
Speak Yeah, the stories of metamotion.
Speaker 3 (01:08):
You'll be talking about these around the water core, the
dinner table, no matter where.
Speaker 4 (01:11):
You are.
Speaker 2 (01:12):
Powered by our good friends at Hardlint Home Mortgage.
Speaker 3 (01:15):
As I mentioned, Dave and the team working hard for
you each and every day.
Speaker 2 (01:20):
Now, Uh, I don't have a fifty year mortgage.
Speaker 3 (01:24):
Nobody does yet, Well they do in Japan, the details
of which coming up, as I mentioned about nine p
thirty five today.
Speaker 2 (01:33):
Uh And there's a little bit of back.
Speaker 3 (01:35):
And forth on this, and uh, well even I think
even amongst supporters of the president on that kind of
an interesting thought.
Speaker 2 (01:43):
So we'll talk about that.
Speaker 3 (01:44):
But in the meantime, interest rates are already moving down
the right direction, making things more affordable. Dave on last
week with the issues about that, trying to tell you
what exactly you could do if you really want to
take advantage HHM lending dot com where they're going to
buy home equity line of credit, Dave, when the team
can help you do just that, get he answers you deserve.
(02:07):
It was a moment yesterday marking history. President Trump, the
remarks from Arlington National Cemetery.
Speaker 5 (02:18):
From the very beginning of our country, our great American
flag has always been shielded and protected by a special
cast of citizen who has stepped forward to safeguard Liberty's
cause when danger came, when duty called, When Almighty God
asked who had the will and the strength to defend
(02:40):
the land of the free. Each and every American veteran
stood up and said here I am, send me here,
I am.
Speaker 3 (02:48):
The President saying America stands tall because America's veterans stood
so strong. What a what a moment there. And Harlington
number two, speaking of the president, what does he say
about the shutdown? Never should have happened. We're in day
forty two of the Schumer shutdown. The House voted a
(03:10):
committee earlier this morning to move the bill the fund
to open the government. There and of course the vote,
the four of the vote is what we're talking about.
The vote in the full House looks like a little
later around four thirty. Air traffic controllers, by the way,
stilling a mind, could expect to get paid within twenty
four to forty eight hours. It may take a little
(03:30):
bit longer for things to really work themselves out. And
speaking of air traffic, lots of it down in Brazil
for that big climate summit.
Speaker 2 (03:42):
Have we talked about this yesterday on the after Show.
Speaker 3 (03:45):
If you missed it, never miss a show, live or
archive the show, The After Show, our podcast conversations and more.
Speaker 2 (03:52):
Justin Barkley, Dot com and the iHeartRadio app.
Speaker 3 (03:54):
Wherever you download your podcast, just search justin Barkley and
you'll find us. But lots of private jets headed to
Brazil for the climate conference that they set in motion.
Gavin Newsom's there by the way, and the latest story
that I knocked your socks off. I'm sure, yeah, you'll
you'll believe this. Some won't, but I'm sure you will.
(04:17):
In preparation for it, all the government down in Brazil
carved through the Amazon rain for us to build a
new highway to get those elites to and from the
ones that are there to.
Speaker 2 (04:35):
Like, sure you on whether or not you should be
driving an suv.
Speaker 3 (04:38):
They took private jets and carved out an Amazon rape.
Speaker 2 (04:41):
You can't make this up?
Speaker 6 (04:43):
How dare you?
Speaker 7 (04:47):
Yeah?
Speaker 3 (04:47):
The road cuts into prime forest land could trigger further
deforestation and habitat fragmentation. And ironic twist there is the
summit promises to focus on tackling climate change.
Speaker 2 (04:59):
H Okay, how.
Speaker 3 (05:02):
Dare you indeed? Ever at the whole moment with these folks,
what's in that deal to open things back up? We'll
talk about that. Fetterman sang it out loud. Who's running
the Democrat Party. Well it's Mom Donnie, of course, you
(05:23):
know that, and AOC and crazy Bernie Sanders and some
of the rest of them. A Biden appointed judge considering
releasing hundreds of illegals nabbed by Ice in Chicago raids
and more. We'll get to it all coming up. You
want to join the program. You can love to hear
(05:44):
from you on the phone lines this morning. Are the
iHeartRadio app? Just clicked that talkback button. Hit it little
microphone next to the play button.
Speaker 2 (05:51):
It sound off.
Speaker 1 (05:52):
Call Justin now at six one, six seven seven four
twenty four at six one, six seven seven twenty four
to twenty four West Michigan Live with Justin Barklay on
news radio WOUOD thirteen hundred and one oh six nine.
Speaker 3 (06:05):
F M okay, okay.
Speaker 2 (06:11):
I promised, I promised, and I will deliver.
Speaker 3 (06:17):
The shutdown, which the President said never should have happened,
looks like will be coming to a close today, saying
they tried basically to negotiate that one big beautiful bill,
which is you know, we've been talking about this from
the get go on this and the Schumer's shutdown and
all the shenanigans.
Speaker 5 (06:36):
So the House is going to vote, and I think
they're going to vote positively. I think most people want
to see it open. Only people that hate our country
want to see it not open. Because our country is
doing so well, so we don't want to waste these times.
These a precious sense. You know, we have seventeen trillion
dollars plus being invested in our country. That's many times
more than any country has ever had.
Speaker 6 (06:58):
We don't want to be wasting time.
Speaker 5 (07:00):
So they tried to basically renegotiate the great, big, beautiful deal.
Speaker 4 (07:04):
They didn't.
Speaker 5 (07:05):
They weren't able to get it. And now they said,
let's close up our country. We'll see if we can
get it, but again, getting it for people that came
into our country illegally from prisons, from gangs, from mental institutions,
from you know, places that you don't want, and giving
them one and a half, think of it, one and
(07:25):
a half threellion dollars in medical costs and they said,
I just can't do this. You can't do it, and
it ruins it for everybody else. So they were not
successful in renegotiation, and it looks like it's going to
be opened up. But you're right, it's the House has
to vote, and then of course I have to sign it.
Speaker 2 (07:42):
Okay.
Speaker 3 (07:42):
So, by the way, he's on paton McAfee, which is
a sports show.
Speaker 2 (07:47):
Are they on ESPN too, I think, or as well?
Speaker 3 (07:51):
I guess I should mention I think he's on ESPN
as well. All right, so podcast streaming, he's all over.
And then well, it's interesting about this because it's a
sports show, but it is Veterans Day and they were
doing a special show. But you know, this guy caught
so much flack, in so much heat he actually had
(08:11):
to go out there and defend it for having the
president on his show, which is I agree with him.
It's ridiculous. I don't care what you voted for. You've
got a chance to do that on Veterans Day. Why
wouldn't you have done it? I mean, I would have
taken Biden or Obama or Clinton. I would take any
of them. I'd take I'd take Webmer if she'd come
on this show. I'd take Benson. You think those people
(08:32):
will come on this show. They don't even want to
talk to their own reporters half the time. I'd take them.
Speaker 2 (08:41):
Let it rip. I have no problem with that. Come on,
let's do it.
Speaker 3 (08:45):
No, So McAfee has the president on and then people
you know, because the left they don't want.
Speaker 2 (08:51):
You platforming him. Well, what do they mean by that?
Speaker 3 (08:54):
They don't want you giving him an opportunity to say
any of the things that he just said. Why they
want to control narrative because here's there, they're real fear.
If you hear them and everyone else, here's the president speaking,
you may go, well, you know that guy's got a point.
I kind of like him. And then they can't get
away with calling him evil and all the rest, all
(09:15):
the rest of it. Anyway, Bob and Grant Rapids is
on the phone this morning. Bible will start with you
to start the show in the shot down.
Speaker 4 (09:25):
In the morning morning.
Speaker 6 (09:26):
Brother was justin years ago, months ago you I called
you and shared with you, I'm retired Navy chief twenty
four years. Tons of metals from my hard work and
the way I led people, et cetera, et cetera, And
thanks again for the Gulf of America shirt. But anyway,
God let you years ago when in Grand Rapids they
(09:47):
always have the Hollyhock Lane parade right where we live.
And I was on a chair and Gary Peters comes
through and I have my navy hats on. He comes over, Oh,
you were in the navy. Yeah, yes, sir, I was, well,
so was I. I was a lieutenant commander, which is
pretty high up. No, no, no, no. So anyway, I've been
thinking with this shutdown last week. I wanted to do it,
(10:07):
and I was so busy. But in the Navy, when
there is UH, you have to plan an attack or whatever,
there's no negotiation. A commander can't stay the cap. Well,
I don't agree with that. That's not good. So anyway,
I kept putting this off, but I wanted. I was
going to call today, but it looks like they're gonna
finally work together. I was going to kindly chew him
(10:30):
out and say, commander, as a Navy chief with thirteen
medals for leadership and everything, so you blew it by
not stepping forward and being a leader and working with
your party to stay. Hey, wait, this is hurting the
country et cetera, et cetera, et cetera, and all these
different things I was going to share with them, and
I was going to say, command, you know you were
(10:52):
a commander, you know how to lead. Why have you
not led? And why are you following the match of
the party when you are set in Michigan and you're
supposed to take care of everybody, Democrats, Republicans, this, that
and everything else. So, sir, you have really dropped the
ball and you've been very a big disappointment. And I
(11:13):
served twenty four years. I don't know how long you did,
but I'm honorably discharged. I have one hundred percent disability.
And I said, you just you just didn't lead like
you know how to lead. And I was all set
to call his call the White and a Congressional the uh,
the operator in Washington d C leave a message with
(11:35):
one of his handlers and we'll see how that goes.
Speaker 2 (11:39):
I'm back. I left one Bob.
Speaker 6 (11:41):
Hillary Skulton too. So anyway, enough said, appreciate all you
do and U I.
Speaker 2 (11:47):
Just thank you, sir.
Speaker 3 (11:48):
Listen, I gotta tell you still you ought to still
call because you know Peters. Now it's true the Senate,
but you got to give him an earful because Peters
and Slotkin, both of our senators, both of them voted
against reopening the government, both of them. And then you
know this will be an quote, will be another issue.
We'll find out where she is at four thirty today.
(12:10):
But yeah, great points, Bob, and thank you, sir for
your courage. I appreciate it. Serving in the Navy, we well, gosh,
you obviously understand that.
Speaker 2 (12:21):
Boy.
Speaker 3 (12:21):
We honor you and we thank you each and every day,
but especially yesterday, I got more coming out. We're gonna
get into it. I just I just saw Fetterman got
into it. Speaking of which, with the girls on the
view and the ladies there, I'm not probably not happy
with him after it all went down. Maybe we'll pull
(12:42):
that clip up for you as well. Hang on, we've
got more on the way. Fifty year mortgages. What will
that look like? The folks at Heartland Home Mortgage, Dave
got Away and the team standing by keep you updated
on that as well. Don't go anywhere. It's West Michigan Live.
In the meantime, please joinness if you're able and rise
for our national.
Speaker 8 (13:02):
Anthem setting the record straight.
Speaker 1 (14:19):
It's West Michigan Live with Justin Barklay on News Radio
one thirteen hundred and one oh six nine a f A.
And on demand anytime on the iHeartRadio app.
Speaker 9 (14:29):
Here are your headlines from the Midwestern or this Wednesday,
November twelve, I'm Robin Poffman. It's a Midwesterner Dot News
original story. Members of the Michigan delegation and route to Washington,
d C. To vote in the House after the Senate
votes to reopen the government are to Michigan. Senators Democrat
Alissa Slockin and Democrat Gary Peters voted to keep the
(14:50):
federal government shut down now once the vote takes place.
The earliest the government could actually reopen his Thursday. But
air traffic still impacted the shutdown, with the nation's top
forty airports facing a ten percent reduction in flights by Friday,
so lots of cancelations and delays in store and Secretary
(15:10):
of State Jocelyn Benson is not relinquishing control of her
department's IT projects, even though she's required to do so.
For these stories and more, visit the Midwesterner at the
Midwesterner Dot News.
Speaker 3 (15:29):
Yeah, he refused to be talked down to John Fetterman,
standing up by the way, saying I don't need a
lecture from you on the view. It was glorious. In fact,
I want to get to that coming up here in
just a moment. First, we'll say thank you the folks
at the Good Feet Store powering this show.
Speaker 2 (15:49):
And me each and every day.
Speaker 3 (15:52):
You know, it's one thing, got to be on your
feet to get through the stories every day, but you
really got to be on your feet as a dad
to a couple of girls, now three and soon to
be five. They are getting bigger every day. And boy,
oh boy, you got you. I mean you just you
can't take a break. There's never a dull moment you
think the news headlines come at you fast, drinking out
(16:13):
of the fire hos. Life comes faster with those two girls.
I can tell you that much. And I wouldn't miss
a minute. I don't want to miss any of it.
And that's why the folks at the Good Feed Store
have helped me do just that. Stay on my feet
for all the fun, the games, and all the moments
that matter most.
Speaker 2 (16:32):
Don't miss out.
Speaker 3 (16:33):
You found yourself doing that this summer, maybe avoiding things
because you were in a little bit pain, or maybe
you just want through the discomfort of the day to day.
You had to prop your feet up around three o'clock
in the afternoon because you're on your feet all day
and when you get home, you just don't have time
to deal with all the things that you'd like to
get done, those big projects or whatever it might be. Well,
the folks at the Good Feed Store can help. The
(16:53):
personalized art support system helped me. And I'm just telling
you if you go in, Oh, I think you're gonna
absolutely love it too. On twenty eighth Street, right there
in front of Costco or in Portage on Westage, in
front of Cole's at the Good Feat Store, stop by,
tell him and I I said Hi, And of course,
like I said, enjoy enjoy life again. That's that's the
(17:16):
way to do it. Speaking of joy, well, there's joy
less on the view and Sonny, who with a not
so stunding disposition try to take out Fetterman the senator
with their Democrat it really seems to have.
Speaker 2 (17:29):
The only one with common sense these days, and he's.
Speaker 4 (17:31):
Not having a terrific mistake.
Speaker 10 (17:33):
Governor Gavin Newsom called it pathetic and a surrender pole
after poll found more Americans on both sides of the
aisle blaming Republicans. Even Marjorie Taylor Green blame It's.
Speaker 2 (17:44):
Not true, gop.
Speaker 3 (17:46):
If it's a Republican shutdown, why were the Democrats able
to end it?
Speaker 2 (17:50):
Sonny, come on.
Speaker 10 (17:51):
As you mentioned Democrats have big wins last week, so
you had momentum. Why give in? Now? Why bring a
butter knife to a gunfight? Are you willing?
Speaker 3 (18:00):
By the way, he never gave in the entire time,
he was standing strong.
Speaker 2 (18:04):
He never changed his position.
Speaker 10 (18:05):
It's a gamble that the gl we will negotiate on
health care in good faith once the government reopens. Because
if that gamble is wrong, half a million Pennsylvanians that
you represent, their healthcare cost will skyrocket if you are wrong,
and I believe you are wrong.
Speaker 11 (18:25):
Well, for first of all, you know MTG is quite
literally the last person in America that I'm going to
take advice or to get their kinds of my leadership
and values from. And now if Democrats are celebrating crazy
pants like that, then that's on them.
Speaker 2 (18:40):
You know, I don't need.
Speaker 11 (18:41):
And I don't need a lecture.
Speaker 2 (18:42):
I don't need a lecture.
Speaker 11 (18:43):
From from whether it's Bernie or the governor in California,
because they are representing very deep blue blue kinds of
populations and a lot of those things, a lot of
those things were part of the extreme. And I'll remember
what really needs to win, to win, the big win
is involving my state and other states and those things,
(19:07):
and why have we arrived here after the election a
year ago. We want to forget. We've got to forget
some of the things that cost us that election are now.
For me, it's like, that's why I'm trying to remind
people that kinds of the extremism, we can't return to
those kind of things and realize we need to find
a way forward. And I would like to rather than
(19:28):
cite MTG, I'm going to cite one of the new
governor elects saying that my election is not a green
light to continue this shutdown, because I promise you this
isn't a political game. It is viewed by that by
many of us. But the reality is forty two million
Americans now not sure where their next meal is going
to come from. And because we vote like that, vote
(19:50):
like that, or people that haven't been paid for five
weeks now, and that kinds of chaos. Those workers borrow
more than half a billion dollars, you know, from their
cit union just to need their bills now.
Speaker 2 (20:02):
So for me, we're in the middle of this.
Speaker 3 (20:04):
I got to they cut him off to go to
break the guy that had a stroke. He stroked out,
make it too much sense for the view wow more.
In minutes, we'll be back with a good friend, Dave Gotaway,
and you don't go anywhere. We'll hear about the fifty
year mortgages and the updates and the headlines you will
(20:24):
not want to miss.
Speaker 2 (20:25):
We're back after that.
Speaker 3 (20:28):
I've seen a lot back and forth done this, and
I think that is it's one of the reasons that
you got to bring in a trusted friend, someone's got
some experience in the subject matter to see it. I
see some I see kind of both sides of this,
but I pros and cons. I want to say, we've
(20:48):
been hearing this fifty year mortgage idea floated by President Trump.
Fortune's got an article out that says it could save
you one hundred nineteen dollars a month, but it would
double your interest you pay over the long run. CNN saying,
is this a good idea? Trump just floaded a fifty
year mortgage. They're doing it in places like Japan, But
(21:11):
what what does it look like for you and for
others who are, you know, trying to get things a
little more affordable in a scheme of things. Dave Goataway
a good friend from Heartland Home Mortgage joining us right
now HHM lending dot com. Dave welcome in fifty year
mortgage from the mortgage guy.
Speaker 2 (21:29):
Let's find out. Look.
Speaker 3 (21:30):
I saw a Babylon Bee You may have seen this too,
but Babylon Bee article that said Dave Ramsey in critical condition.
Speaker 2 (21:38):
Did some care after your about the fifty year mortgage? Okay?
Speaker 3 (21:41):
I had to have a chuckle. Good bad? What do
you what do you make of this and how will
the the industry take it?
Speaker 5 (21:48):
In? Well?
Speaker 7 (21:49):
Good morning, thanks for having me on. And I mean
you can find positives to anything overall. I guess it
depends on what your good bad? It would would you know,
would be all bout right? So why is Trump doing this?
I think the biggest thing you need to look at
is his inflation fight, right, so he hasn't been able
to get inflation down as fast as he wanted. Interest
(22:11):
rates and that affordability, whether it's be insurance, property text
or in me. So his I think his response is
what can we do to improve housing expenses?
Speaker 5 (22:22):
Right?
Speaker 7 (22:22):
So that is a way that you can bring down
housing like the monthly payment, and I think that's a
Then you're taking a rarely completely fundamental shift in what
you're looking to accomplish, because you know, being on you,
if you want to be a homeowner, you typically you
want to end up paying that home off, going to
retirement and not have a loan anymore. Now, anybody who
(22:44):
follows Trump knows he has no problem with debt, right
He'll borrow and borrow, He's fine with that. So he's
looking at affordability. And so while you know, in the
past it was once I got to my retirement age,
hopefully my home is paid off, I think we're you know,
really fading into a different realm of hey, how can
(23:04):
I make my life more affordable in retirement. So if
somebody is, you know, sixty years old right now and
they have twenty one years left on their mortgage and
they're struggling to make their house payments, well, if they
can save a couple hundred dollars a month, and do
they really care and when they pay their home off.
And I'm not endorsing one way the I'm just giving
a picture of the thought process. On the other hand,
(23:27):
like you mentioned Japan, so Japan went to what's actually
called a generational mortgage, which is one hundred years, right,
So that's crazy, and they did that for affordability. Now,
what's going to happen when they if we go to
these fifty years, will it spur the housing industry will
improve affordability? It'll it'll definitely improve affordability, very temporarily because
(23:50):
all these home prices, just like in twenty twenty one
when rates are really cheap, all the home prices were
set on what the payment comes to, right, So initially,
if those payments drop because the fifty years introduced, home
prices are going to escalate really fast and they're going
to spike because now you have a whole set of
affordability that I can afford these homes. And what it
(24:13):
did in Japan has actually made it to where the
richest people were buying these homes, you know, because they
had such low payments and it was spread out forever
and then they would just you know, the next generation
would inherit them. And that's why it was called a
generational mortgage. So there's tons of stuff going on here.
Speaker 3 (24:32):
Man oh Man lots to consider, So maybe a short
term gain in his presidents in his mindset, here can
I refinance like if I'm twenty years old, and I
get a fifty year mortgage and it makes it more affordable,
I can get into that home that I want to
(24:52):
get into. Can I refinance or is the interest too heavy?
What does that look like down the road.
Speaker 7 (25:00):
We haven't gotten any specifics as far as what these
programs are going to look like. I don't even know
if it's going to be available on or refinance. I
would assume it is, or if it's just going to
be a purchase option, because so this is just once
again Trump throwing a tweet out, and I know some
other people have mentioned it, but we haven't gotten any
specifics to know. The one question I would have is
if you've ever gotten a mortgage and you've priced out
(25:21):
the difference between like a fifteen and a thirty, You know,
the higher you go on term, the higher your interest
rate is. So in a lot of situations, are you
even benefiting much? You know, let's just say it a
thirty year, you're interest rate six and a quarter, and
if you take a fifty year, it's seven and a quarter. Well,
are you really benefiting much from a monthly payment standpoint?
Speaker 2 (25:42):
Anyway?
Speaker 7 (25:43):
So that would be we haven't, but we haven't seen
anything as far as interest rates, program guidelines or anything
like that at this point.
Speaker 3 (25:50):
So he wants writes to come down quicker. We have
seen movement there. You and I talked about that. I
think it was must have been last week when we
talked about that, But it's maybe not as fast as
he'd like to see. And then the other piece of
this is affordability, right, is is can these kids afford
(26:10):
you know, afford it? But there's a lot that goes
into that, and you know, some of that is this
student debt, that the loan debt that they've that they're
they're kind of sunk with a lot of them, and gosh,
I can't imagine, you know, trying to make things work
with that. It's already tough enough. So I understand the problem.
I understand why people are are looking for solutions here.
Speaker 2 (26:33):
And he does.
Speaker 3 (26:33):
I mean, he's got it from a political standpoint. He's
those young people got him, they got him elected, So
he's smart to make sure that he is taking care
of him because this is this is a real issue
for a lot of these a lot of these folks.
Speaker 2 (26:47):
But what is the way out? Boy?
Speaker 3 (26:49):
That's the question in itself, Dave, What what doll we do.
Speaker 7 (26:55):
That's not talked about much is the offloading of Fanny
and Freddy as government sponsored entities, and that's a goal.
I mean, we could see that happening possibly within the
next three months to where they are shifted off and
their private entities, and that's part of why he's pushing
something like this as well. It's not going to be
on the government, will be on them to create profit
(27:16):
off it as a private entity. Also have competition for people.
But we're at the highest point in history as far
as housing ratio, and what that means is the percentage
of your house payment taking up your monthly income, and
that's the scary slope that historically when it's had these
spikes like we've just seen since twenty twenty, as it's
(27:38):
gone up, there's typically a response to that, and it's
not a good one when it comes to home values.
So I think they're looking at those stats and they
want to try and avoid the home values falling off
because of affordability with income. So, like I said, there's
a lot going on there. It's curious to watch and
if you'd like to be a mortgage nerd like I am,
(28:00):
there's some pretty cool charts. You can look at that
go all the way back, you know, through the early
nineteen hundreds to show how our income and monthly affordability are,
you know, how they're flowing historically.
Speaker 3 (28:12):
Okay, so let's just say because there's a lot of
people say that debt and the long term part of
this is the problem. So let's just say that I'm
a twenty year old I get a fifty year mortgage
and it solves my payment issue and things like that,
and I feel good about it, but I want to
I'm kind of in the Dave Ramsey school. So I
either want to pay it off as quick as I can,
(28:33):
or I want to refinance get a shorter term down
the road, maybe I can afford more, or maybe interest
rates come down later and things really get affordable. Are
those options and what does that look like?
Speaker 7 (28:47):
Yeah, you're always going to have that ability to refinance
and escalate the payments on it. And if you have
the ability to do that, then you definitely want to
because you are going to get a lower interest rate.
The other thing is does it spur more activity for
people to end up renting their home instead of selling it?
You know, part of the advantage when you sell your home,
is you get to collect that equity and use it
(29:08):
toward the down payment on your next purchase. But if
you're not, if you're on a fifty year loan, you're
not paying down much equity every month. So does it
then make it more to where you'd say, we'd rather
just hang on to it, rent it out because I
you know, because the payment's low on the fifteen years
fifty years. So yeah, you always have some opportunity to
switch into something that'll pay off sooner. It's just, you know,
(29:29):
it's just a matter of where the trends go. If
you go back to the seventies, everybody felt you had
to have twenty percent down, and you know, there were
fifteen year mortgages and you know, now it's become thirty
is kind of the standard.
Speaker 2 (29:43):
Okay.
Speaker 3 (29:43):
And to your point, as you just mentioned, Dave Gallilee
Hartland home mortgage with us, if you've got more people
and I just do the math on this, but if
you've got more people coming into the housing market because
now they can afford to buy that house, even as
first time home buyer or whatever it might be, it
might be different different level of home ownership in different areas.
But if you've got more people chasing those homes, more
(30:06):
money out there, the cost of them, now your values
will go up, but then the cost is also going
to go up. Is just what you said happen in Japan.
So I think those are interesting things to note for
people to take in whether or not this actually becomes
a real thing. It's being floated right now by President Trump,
and these are pieces of it. Anything else we might
(30:27):
want to consider them. We're taking a look at this subject.
Speaker 7 (30:31):
Yeah, I think it's the overall what would drive the
housing market. You know, what would spur cheaper homes, and
that would be less regulation, right, It's like make it
easier on the builders to get these homes built. And
then also the you know, the immigration stuff of allowing
people to come in and work on those home. Let's
get these homes built cheaper and faster. But that, of
course is something you know, Trump's tried to fight that.
(30:52):
He's done a ton federally. But when you go to
state levels, I mean, you think you're going to go
into California and get them to make it cheaper and
easier to build a home, You're out of your mind.
They're not going to back off of that. So I
think that's where a lot of this stuff comes in, like, hey,
what can we do? What options do we have? And yeah, certainly,
you know, like I said, I'm not advocating for the
fifty year loan. I just think it's something they're trying
(31:12):
to see, Hey, what can we do that will initially
have an effect on housing affordability.
Speaker 3 (31:17):
And if you want to know why this is happening,
this is this is one of the latest some data
out there. The median age of a home buyer in
the US now stands at sixty one. The median age
of a home buyer stands at sixty one, first time
home buyers hitting a record low twenty one percent. That's
why we see this fifty year and at amid the
(31:39):
same time we see this announcement coming out.
Speaker 2 (31:41):
What does that tell you, Dave, when we hear those stats.
Speaker 7 (31:45):
Yeah, it just says that salaries and income is not
keeping pace with the price of the cost of housing.
And you know, that's that's a struggle, and you know,
it seems to be the answer to this point has
been let's build more apartments, keep people renting. And I mean,
I understand it if you're somebody who can't afford the house,
(32:05):
and so that's that's the struggle, right is like, hey,
where do we where do we find that affordability? So
if you know, a fifty year could lend itself to
somebody saying well now I can get qualified, now I
can afford that home. So yeah, it may be an
answer for some people.
Speaker 3 (32:19):
Dave Gataway, Heartland Home Mortgage speaking of answers, you want help,
you want to figure out what to do. You're in
a situation, no matter whether you want to buy REFI, HOMEWI,
what he line of credit, whatever it might be.
Speaker 2 (32:29):
Those are solutions.
Speaker 3 (32:30):
But maybe your questions are, how do I make things
a little more affordable, how I get rid of some
of this credit card debt that I've got?
Speaker 2 (32:35):
How do I do any number of things?
Speaker 3 (32:37):
Dave has answers that he helped so many people will
listen to this program, and I will tell you not
only say thousands, but they're faster, they're better than the
big banks. Dave Gataway and Heartland Home Mortgage always willing
to answer those questions for you, and Dave, that's what
I think. We appreciate you and always love to hear
from you.
Speaker 7 (32:57):
Hey, pleasure is always mind to be on it. Really
appreciate you guys.
Speaker 3 (32:59):
Have a blas YouTube brother god West, talk to you soon.
There we have in folks, some of the latest and
the stories. It is the context behind it all that
you just won't get anywhere else. That's that's why we
do what we do, and that's why we're glad you're
here for it. Mark coming out and of course we
(33:22):
don't want you to miss a minute live or archived.
If you do, you can always find it at justin
Barclay dot com in a stack or also the iHeartRadio app.
Wherever you download your your podcast strokes you can stay
up to date. Stocks are up again today. The Dow
I think had a record yesterday. On the clothes, Yeah,
(33:46):
traders getting confidence and a deal to end the shutdown.
The S and P modest guys. Nasdaq slipped a bit yesterday.
They said that was because of tex Docs. Well, that's
one of the pieces we're looking at, the whether or
not those are overvalued or not. And the talk about bubbles, this,
(34:08):
that and the other thing. Folks, it doesn't matter that
rollercoaster ride that we're on. Each and every day there
are ups and downs and if you want to retire,
it doesn't matter whether it's today, tomorrow, twenty years down
the road. The folks at guarding your nest Egg Talent
Wealth are going to help you get to where you
go need to go and when you need to get there.
(34:28):
Mike Lester and the team standing by to help you
at guarding your nest egg dot com. Or you can
call six one six sixty six one one thousand, that's
six one six six six one one thousand and tell
them I sent you at guarding your nest egg dot com.
More back after this focused.
Speaker 1 (34:45):
On what matters to you. It's West Michigan Live with
Justin Barclay on News Radio one thirteen hundred and one
oh six nine half as and on demand anytime on
the iHeartRadio app.
Speaker 9 (34:56):
You're your headlines from the Midwestern Or This Wednesday, November twelve,
I'm Robin.
Speaker 7 (35:01):
Poffman Marias today in support of Miss Baldwin's amendment on
a clean one year extension of the healthcare doc of Credits.
Speaker 9 (35:09):
You're listening to Michigan Democrat Senator Alissa Slotkin, who voted
against opening the government since July. I'd been really clear,
if you want me to vote on a deal.
Speaker 10 (35:18):
It's got to do something to bring down the cost
of healthcare.
Speaker 9 (35:22):
Slotkin, along with Michigan Democrat Gary Peters, voted no. Meanwhile,
eight other Democrats joining Republicans to get the government back open. Meanwhile,
at this hour, members of the Michigan delegation and route
to Washington.
Speaker 5 (35:35):
D C.
Speaker 9 (35:36):
To vote in the House, the earliest the government could
reopen his Thursday. Air Traffic still impacted by the shutdown,
with the nation's top forty airports facing a ten percent
reduction in flights by Friday as a safety precaution. For
these stories and more, visit the Midwesterner at the Midwesterner
dot News.
Speaker 3 (35:53):
LEO is coming to an end, but it's not the
end of it all. We've got more coming up tomorrow.
But don't forget also all of the live and archived
conversations that we have in a podcast. All of that
can be found in the iHeartRadio Appraotjustinbarclay dot com and
that that's a great way to make sure that you
stay in touch with all of the things that we
(36:15):
have going on, and of course all the conversations that
we have on a daily basis, some of them behind
the scenes. Live stream is wild today too at Facebook, Twitter, x,
Rumblelegetter locals and more. Appreciate you'all folks on GETT. Got
to give them a shout out too, because you know,
sometimes we forget to but they're watching as always. Thank
you so much. Hey, our good friend Steve Redman Ottawa
(36:37):
County Patriots. Now they're expanding to be the West Michigan
Patriots and a great organization with a big, serious topic
of conversation for their next event, Steve, welcome in. I
know we only have a few minutes, but I got
to make sure that we cover this with you because
it is such an important conversation.
Speaker 4 (36:55):
Yes, justin. The meeting is going to be The topic
is Violence in America, the challenge of rising violence and
crime in America. It's can be held next Tuesday, November eighteenth,
six to eight thirty pm at the Howard Miller Community Center,
fourteen South Church Street in Zealand, Michigan, and you can
go to our website to get more information out of
(37:17):
a Countypatriots dot org. It's a big topic. It's free
and open to the public, and the key points we're
going to try to cover are the root causes of
political violence and the growing unrest in our culture, and
how anti Semitism and religious persecution adds to the widespread
violence and the dangers of anarchy, communism and radical Islam
(37:41):
for our national security. And we're going to try to
connect all the doubts with our speakers on violence, organized
hate groups, and related things and ways we can all
help reduce violence. And the speakers are three of the
four speakers of people you know well, Mike Hewitt, Denny Gillham,
Ralph Reband who's running for governor, and Saring the Ploy
who's our out of a county prosecutor. And all these
(38:03):
folks are knowledgeable about this topic and it could be
an important meeting for people because there's so many elements
to it. There's not just one thing that's causing this
malise in our country. It's a perfect storm of many elements.
And we urge people to come out to this meeting
to hear the speakers and talk with them directly.
Speaker 3 (38:25):
See we just saw the other day in Berkeley, TPUSA
was doing Turning Point was doing an event and a
man who was just outside giving out red freedom shirts
and wearing a cross on his neck was attacked by
another man who ripped across office neck. He left him bloodied.
Police had arrested both of them, and again there's violence
(38:45):
just seems to be ramping up if it's not, you know,
the assassination of Charlie Kirk, the attempted assassination of President
Trump multiple times, and just the average everyday things that
we see ice agents getting attacked, those types of things.
But there's so many pieces of this. It's such a
perfect time to bring this up in a conversation. It
has to happen. I am so glad you're doing it again.
(39:07):
If folks want more information, we'll put up a link
in our stack there. But again, it's happening the eighteenth
at six pm at the Howard Miller Community Center in Zealand.
Always a pleasure, my friend. More details at Ottawa countypatriots
dot org.
Speaker 2 (39:21):
Thank you, Steve, Thanks Justin, you got it.
Speaker 3 (39:24):
God bless. Hey, that's it for our show today. We
got more coming up in an after show. Never a
dull moment, and yeah, they're going back program right after this.
Make it a great one, folks, God bless
To you in West Michigan. Joining the conversation now at
six one six seven seven four twenty four twenty four
At six one, six seven seven four twenty four to
twenty four, it's West Michigan Live with Justin Barklay on
Wood Radio on Radio.
Speaker 2 (00:16):
Well, well, welcome in.
Speaker 3 (00:18):
Looks like we could get things back open today. The
vote coming a little later on this afternoon in the
House at the details of which, by the way, big
bit of a vote, last sense. It's procedural stuff and
a committee that made that happen. We'll talk about that.
Plus day forty two rolls on and how fast if
(00:39):
they reopen, ken they get things really swinging to get
in don't talk about that. And fifty year mortgages good thing,
bad idea altogether.
Speaker 2 (00:51):
Dave Galloway joins us with the latest.
Speaker 1 (00:53):
News, weather and traffic. I'm ok his stories of the day.
We are talking about what matters most in West Michigan
and beyond. This is the big three now see.
Speaker 2 (01:06):
Speak Yeah, the stories of metamotion.
Speaker 3 (01:08):
You'll be talking about these around the water core, the
dinner table, no matter where.
Speaker 4 (01:11):
You are.
Speaker 2 (01:12):
Powered by our good friends at Hardlint Home Mortgage.
Speaker 3 (01:15):
As I mentioned, Dave and the team working hard for
you each and every day.
Speaker 2 (01:20):
Now, Uh, I don't have a fifty year mortgage.
Speaker 3 (01:24):
Nobody does yet, Well they do in Japan, the details
of which coming up, as I mentioned about nine p
thirty five today.
Speaker 2 (01:33):
Uh And there's a little bit of back.
Speaker 3 (01:35):
And forth on this, and uh, well even I think
even amongst supporters of the president on that kind of
an interesting thought.
Speaker 2 (01:43):
So we'll talk about that.
Speaker 3 (01:44):
But in the meantime, interest rates are already moving down
the right direction, making things more affordable. Dave on last
week with the issues about that, trying to tell you
what exactly you could do if you really want to
take advantage HHM lending dot com where they're going to
buy home equity line of credit, Dave, when the team
can help you do just that, get he answers you deserve.
(02:07):
It was a moment yesterday marking history. President Trump, the
remarks from Arlington National Cemetery.
Speaker 5 (02:18):
From the very beginning of our country, our great American
flag has always been shielded and protected by a special
cast of citizen who has stepped forward to safeguard Liberty's
cause when danger came, when duty called, When Almighty God
asked who had the will and the strength to defend
(02:40):
the land of the free. Each and every American veteran
stood up and said here I am, send me here,
I am.
Speaker 3 (02:48):
The President saying America stands tall because America's veterans stood
so strong. What a what a moment there. And Harlington
number two, speaking of the president, what does he say
about the shutdown? Never should have happened. We're in day
forty two of the Schumer shutdown. The House voted a
(03:10):
committee earlier this morning to move the bill the fund
to open the government. There and of course the vote,
the four of the vote is what we're talking about.
The vote in the full House looks like a little
later around four thirty. Air traffic controllers, by the way,
stilling a mind, could expect to get paid within twenty
four to forty eight hours. It may take a little
(03:30):
bit longer for things to really work themselves out. And
speaking of air traffic, lots of it down in Brazil
for that big climate summit.
Speaker 2 (03:42):
Have we talked about this yesterday on the after Show.
Speaker 3 (03:45):
If you missed it, never miss a show, live or
archive the show, The After Show, our podcast conversations and more.
Speaker 2 (03:52):
Justin Barkley, Dot com and the iHeartRadio app.
Speaker 3 (03:54):
Wherever you download your podcast, just search justin Barkley and
you'll find us. But lots of private jets headed to
Brazil for the climate conference that they set in motion.
Gavin Newsom's there by the way, and the latest story
that I knocked your socks off. I'm sure, yeah, you'll
you'll believe this. Some won't, but I'm sure you will.
(04:17):
In preparation for it, all the government down in Brazil
carved through the Amazon rain for us to build a
new highway to get those elites to and from the
ones that are there to.
Speaker 2 (04:35):
Like, sure you on whether or not you should be
driving an suv.
Speaker 3 (04:38):
They took private jets and carved out an Amazon rape.
Speaker 2 (04:41):
You can't make this up?
Speaker 6 (04:43):
How dare you?
Speaker 7 (04:47):
Yeah?
Speaker 3 (04:47):
The road cuts into prime forest land could trigger further
deforestation and habitat fragmentation. And ironic twist there is the
summit promises to focus on tackling climate change.
Speaker 2 (04:59):
H Okay, how.
Speaker 3 (05:02):
Dare you indeed? Ever at the whole moment with these folks,
what's in that deal to open things back up? We'll
talk about that. Fetterman sang it out loud. Who's running
the Democrat Party. Well it's Mom Donnie, of course, you
(05:23):
know that, and AOC and crazy Bernie Sanders and some
of the rest of them. A Biden appointed judge considering
releasing hundreds of illegals nabbed by Ice in Chicago raids
and more. We'll get to it all coming up. You
want to join the program. You can love to hear
(05:44):
from you on the phone lines this morning. Are the
iHeartRadio app? Just clicked that talkback button. Hit it little
microphone next to the play button.
Speaker 2 (05:51):
It sound off.
Speaker 1 (05:52):
Call Justin now at six one, six seven seven four
twenty four at six one, six seven seven twenty four
to twenty four West Michigan Live with Justin Barklay on
news radio WOUOD thirteen hundred and one oh six nine.
Speaker 3 (06:05):
F M okay, okay.
Speaker 2 (06:11):
I promised, I promised, and I will deliver.
Speaker 3 (06:17):
The shutdown, which the President said never should have happened,
looks like will be coming to a close today, saying
they tried basically to negotiate that one big beautiful bill,
which is you know, we've been talking about this from
the get go on this and the Schumer's shutdown and
all the shenanigans.
Speaker 5 (06:36):
So the House is going to vote, and I think
they're going to vote positively. I think most people want
to see it open. Only people that hate our country
want to see it not open. Because our country is
doing so well, so we don't want to waste these times.
These a precious sense. You know, we have seventeen trillion
dollars plus being invested in our country. That's many times
more than any country has ever had.
Speaker 6 (06:58):
We don't want to be wasting time.
Speaker 5 (07:00):
So they tried to basically renegotiate the great, big, beautiful deal.
Speaker 4 (07:04):
They didn't.
Speaker 5 (07:05):
They weren't able to get it. And now they said,
let's close up our country. We'll see if we can
get it, but again, getting it for people that came
into our country illegally from prisons, from gangs, from mental institutions,
from you know, places that you don't want, and giving
them one and a half, think of it, one and
(07:25):
a half threellion dollars in medical costs and they said,
I just can't do this. You can't do it, and
it ruins it for everybody else. So they were not
successful in renegotiation, and it looks like it's going to
be opened up. But you're right, it's the House has
to vote, and then of course I have to sign it.
Speaker 2 (07:42):
Okay.
Speaker 3 (07:42):
So, by the way, he's on paton McAfee, which is
a sports show.
Speaker 2 (07:47):
Are they on ESPN too, I think, or as well?
Speaker 3 (07:51):
I guess I should mention I think he's on ESPN
as well. All right, so podcast streaming, he's all over.
And then well, it's interesting about this because it's a
sports show, but it is Veterans Day and they were
doing a special show. But you know, this guy caught
so much flack, in so much heat he actually had
(08:11):
to go out there and defend it for having the
president on his show, which is I agree with him.
It's ridiculous. I don't care what you voted for. You've
got a chance to do that on Veterans Day. Why
wouldn't you have done it? I mean, I would have
taken Biden or Obama or Clinton. I would take any
of them. I'd take I'd take Webmer if she'd come
on this show. I'd take Benson. You think those people
(08:32):
will come on this show. They don't even want to
talk to their own reporters half the time. I'd take them.
Speaker 2 (08:41):
Let it rip. I have no problem with that. Come on,
let's do it.
Speaker 3 (08:45):
No, So McAfee has the president on and then people
you know, because the left they don't want.
Speaker 2 (08:51):
You platforming him. Well, what do they mean by that?
Speaker 3 (08:54):
They don't want you giving him an opportunity to say
any of the things that he just said. Why they
want to control narrative because here's there, they're real fear.
If you hear them and everyone else, here's the president speaking,
you may go, well, you know that guy's got a point.
I kind of like him. And then they can't get
away with calling him evil and all the rest, all
(09:15):
the rest of it. Anyway, Bob and Grant Rapids is
on the phone this morning. Bible will start with you
to start the show in the shot down.
Speaker 4 (09:25):
In the morning morning.
Speaker 6 (09:26):
Brother was justin years ago, months ago you I called
you and shared with you, I'm retired Navy chief twenty
four years. Tons of metals from my hard work and
the way I led people, et cetera, et cetera, And
thanks again for the Gulf of America shirt. But anyway,
God let you years ago when in Grand Rapids they
(09:47):
always have the Hollyhock Lane parade right where we live.
And I was on a chair and Gary Peters comes
through and I have my navy hats on. He comes over, Oh,
you were in the navy. Yeah, yes, sir, I was, well,
so was I. I was a lieutenant commander, which is
pretty high up. No, no, no, no. So anyway, I've been
thinking with this shutdown last week. I wanted to do it,
(10:07):
and I was so busy. But in the Navy, when
there is UH, you have to plan an attack or whatever,
there's no negotiation. A commander can't stay the cap. Well,
I don't agree with that. That's not good. So anyway,
I kept putting this off, but I wanted. I was
going to call today, but it looks like they're gonna
finally work together. I was going to kindly chew him
(10:30):
out and say, commander, as a Navy chief with thirteen
medals for leadership and everything, so you blew it by
not stepping forward and being a leader and working with
your party to stay. Hey, wait, this is hurting the
country et cetera, et cetera, et cetera, and all these
different things I was going to share with them, and
I was going to say, command, you know you were
(10:52):
a commander, you know how to lead. Why have you
not led? And why are you following the match of
the party when you are set in Michigan and you're
supposed to take care of everybody, Democrats, Republicans, this, that
and everything else. So, sir, you have really dropped the
ball and you've been very a big disappointment. And I
(11:13):
served twenty four years. I don't know how long you did,
but I'm honorably discharged. I have one hundred percent disability.
And I said, you just you just didn't lead like
you know how to lead. And I was all set
to call his call the White and a Congressional the uh,
the operator in Washington d C leave a message with
(11:35):
one of his handlers and we'll see how that goes.
Speaker 2 (11:39):
I'm back. I left one Bob.
Speaker 6 (11:41):
Hillary Skulton too. So anyway, enough said, appreciate all you
do and U I.
Speaker 2 (11:47):
Just thank you, sir.
Speaker 3 (11:48):
Listen, I gotta tell you still you ought to still
call because you know Peters. Now it's true the Senate,
but you got to give him an earful because Peters
and Slotkin, both of our senators, both of them voted
against reopening the government, both of them. And then you
know this will be an quote, will be another issue.
We'll find out where she is at four thirty today.
(12:10):
But yeah, great points, Bob, and thank you, sir for
your courage. I appreciate it. Serving in the Navy, we well, gosh,
you obviously understand that.
Speaker 2 (12:21):
Boy.
Speaker 3 (12:21):
We honor you and we thank you each and every day,
but especially yesterday, I got more coming out. We're gonna
get into it. I just I just saw Fetterman got
into it. Speaking of which, with the girls on the
view and the ladies there, I'm not probably not happy
with him after it all went down. Maybe we'll pull
(12:42):
that clip up for you as well. Hang on, we've
got more on the way. Fifty year mortgages. What will
that look like? The folks at Heartland Home Mortgage, Dave
got Away and the team standing by keep you updated
on that as well. Don't go anywhere. It's West Michigan Live.
In the meantime, please joinness if you're able and rise
for our national.
Speaker 8 (13:02):
Anthem setting the record straight.
Speaker 1 (14:19):
It's West Michigan Live with Justin Barklay on News Radio
one thirteen hundred and one oh six nine a f A.
And on demand anytime on the iHeartRadio app.
Speaker 9 (14:29):
Here are your headlines from the Midwestern or this Wednesday,
November twelve, I'm Robin Poffman. It's a Midwesterner Dot News
original story. Members of the Michigan delegation and route to Washington,
d C. To vote in the House after the Senate
votes to reopen the government are to Michigan. Senators Democrat
Alissa Slockin and Democrat Gary Peters voted to keep the
(14:50):
federal government shut down now once the vote takes place.
The earliest the government could actually reopen his Thursday. But
air traffic still impacted the shutdown, with the nation's top
forty airports facing a ten percent reduction in flights by Friday,
so lots of cancelations and delays in store and Secretary
(15:10):
of State Jocelyn Benson is not relinquishing control of her
department's IT projects, even though she's required to do so.
For these stories and more, visit the Midwesterner at the
Midwesterner Dot News.
Speaker 3 (15:29):
Yeah, he refused to be talked down to John Fetterman,
standing up by the way, saying I don't need a
lecture from you on the view. It was glorious. In fact,
I want to get to that coming up here in
just a moment. First, we'll say thank you the folks
at the Good Feet Store powering this show.
Speaker 2 (15:49):
And me each and every day.
Speaker 3 (15:52):
You know, it's one thing, got to be on your
feet to get through the stories every day, but you
really got to be on your feet as a dad
to a couple of girls, now three and soon to
be five. They are getting bigger every day. And boy,
oh boy, you got you. I mean you just you
can't take a break. There's never a dull moment you
think the news headlines come at you fast, drinking out
(16:13):
of the fire hos. Life comes faster with those two girls.
I can tell you that much. And I wouldn't miss
a minute. I don't want to miss any of it.
And that's why the folks at the Good Feed Store
have helped me do just that. Stay on my feet
for all the fun, the games, and all the moments
that matter most.
Speaker 2 (16:32):
Don't miss out.
Speaker 3 (16:33):
You found yourself doing that this summer, maybe avoiding things
because you were in a little bit pain, or maybe
you just want through the discomfort of the day to day.
You had to prop your feet up around three o'clock
in the afternoon because you're on your feet all day
and when you get home, you just don't have time
to deal with all the things that you'd like to
get done, those big projects or whatever it might be. Well,
the folks at the Good Feed Store can help. The
(16:53):
personalized art support system helped me. And I'm just telling
you if you go in, Oh, I think you're gonna
absolutely love it too. On twenty eighth Street, right there
in front of Costco or in Portage on Westage, in
front of Cole's at the Good Feat Store, stop by,
tell him and I I said Hi, And of course,
like I said, enjoy enjoy life again. That's that's the
(17:16):
way to do it. Speaking of joy, well, there's joy
less on the view and Sonny, who with a not
so stunding disposition try to take out Fetterman the senator
with their Democrat it really seems to have.
Speaker 2 (17:29):
The only one with common sense these days, and he's.
Speaker 4 (17:31):
Not having a terrific mistake.
Speaker 10 (17:33):
Governor Gavin Newsom called it pathetic and a surrender pole
after poll found more Americans on both sides of the
aisle blaming Republicans. Even Marjorie Taylor Green blame It's.
Speaker 2 (17:44):
Not true, gop.
Speaker 3 (17:46):
If it's a Republican shutdown, why were the Democrats able
to end it?
Speaker 2 (17:50):
Sonny, come on.
Speaker 10 (17:51):
As you mentioned Democrats have big wins last week, so
you had momentum. Why give in? Now? Why bring a
butter knife to a gunfight? Are you willing?
Speaker 3 (18:00):
By the way, he never gave in the entire time,
he was standing strong.
Speaker 2 (18:04):
He never changed his position.
Speaker 10 (18:05):
It's a gamble that the gl we will negotiate on
health care in good faith once the government reopens. Because
if that gamble is wrong, half a million Pennsylvanians that
you represent, their healthcare cost will skyrocket if you are wrong,
and I believe you are wrong.
Speaker 11 (18:25):
Well, for first of all, you know MTG is quite
literally the last person in America that I'm going to
take advice or to get their kinds of my leadership
and values from. And now if Democrats are celebrating crazy
pants like that, then that's on them.
Speaker 2 (18:40):
You know, I don't need.
Speaker 11 (18:41):
And I don't need a lecture.
Speaker 2 (18:42):
I don't need a lecture.
Speaker 11 (18:43):
From from whether it's Bernie or the governor in California,
because they are representing very deep blue blue kinds of
populations and a lot of those things, a lot of
those things were part of the extreme. And I'll remember
what really needs to win, to win, the big win
is involving my state and other states and those things,
(19:07):
and why have we arrived here after the election a
year ago. We want to forget. We've got to forget
some of the things that cost us that election are now.
For me, it's like, that's why I'm trying to remind
people that kinds of the extremism, we can't return to
those kind of things and realize we need to find
a way forward. And I would like to rather than
(19:28):
cite MTG, I'm going to cite one of the new
governor elects saying that my election is not a green
light to continue this shutdown, because I promise you this
isn't a political game. It is viewed by that by
many of us. But the reality is forty two million
Americans now not sure where their next meal is going
to come from. And because we vote like that, vote
(19:50):
like that, or people that haven't been paid for five
weeks now, and that kinds of chaos. Those workers borrow
more than half a billion dollars, you know, from their
cit union just to need their bills now.
Speaker 2 (20:02):
So for me, we're in the middle of this.
Speaker 3 (20:04):
I got to they cut him off to go to
break the guy that had a stroke. He stroked out,
make it too much sense for the view wow more.
In minutes, we'll be back with a good friend, Dave Gotaway,
and you don't go anywhere. We'll hear about the fifty
year mortgages and the updates and the headlines you will
(20:24):
not want to miss.
Speaker 2 (20:25):
We're back after that.
Speaker 3 (20:28):
I've seen a lot back and forth done this, and
I think that is it's one of the reasons that
you got to bring in a trusted friend, someone's got
some experience in the subject matter to see it. I
see some I see kind of both sides of this,
but I pros and cons. I want to say, we've
(20:48):
been hearing this fifty year mortgage idea floated by President Trump.
Fortune's got an article out that says it could save
you one hundred nineteen dollars a month, but it would
double your interest you pay over the long run. CNN saying,
is this a good idea? Trump just floaded a fifty
year mortgage. They're doing it in places like Japan, But
(21:11):
what what does it look like for you and for
others who are, you know, trying to get things a
little more affordable in a scheme of things. Dave Goataway
a good friend from Heartland Home Mortgage joining us right
now HHM lending dot com. Dave welcome in fifty year
mortgage from the mortgage guy.
Speaker 2 (21:29):
Let's find out. Look.
Speaker 3 (21:30):
I saw a Babylon Bee You may have seen this too,
but Babylon Bee article that said Dave Ramsey in critical condition.
Speaker 2 (21:38):
Did some care after your about the fifty year mortgage? Okay?
Speaker 3 (21:41):
I had to have a chuckle. Good bad? What do
you what do you make of this and how will
the the industry take it?
Speaker 5 (21:48):
In? Well?
Speaker 7 (21:49):
Good morning, thanks for having me on. And I mean
you can find positives to anything overall. I guess it
depends on what your good bad? It would would you know,
would be all bout right? So why is Trump doing this?
I think the biggest thing you need to look at
is his inflation fight, right, so he hasn't been able
to get inflation down as fast as he wanted. Interest
(22:11):
rates and that affordability, whether it's be insurance, property text
or in me. So his I think his response is
what can we do to improve housing expenses?
Speaker 5 (22:22):
Right?
Speaker 7 (22:22):
So that is a way that you can bring down
housing like the monthly payment, and I think that's a
Then you're taking a rarely completely fundamental shift in what
you're looking to accomplish, because you know, being on you,
if you want to be a homeowner, you typically you
want to end up paying that home off, going to
retirement and not have a loan anymore. Now, anybody who
(22:44):
follows Trump knows he has no problem with debt, right
He'll borrow and borrow, He's fine with that. So he's
looking at affordability. And so while you know, in the
past it was once I got to my retirement age,
hopefully my home is paid off, I think we're you know,
really fading into a different realm of hey, how can
(23:04):
I make my life more affordable in retirement. So if
somebody is, you know, sixty years old right now and
they have twenty one years left on their mortgage and
they're struggling to make their house payments, well, if they
can save a couple hundred dollars a month, and do
they really care and when they pay their home off.
And I'm not endorsing one way the I'm just giving
a picture of the thought process. On the other hand,
(23:27):
like you mentioned Japan, so Japan went to what's actually
called a generational mortgage, which is one hundred years, right,
So that's crazy, and they did that for affordability. Now,
what's going to happen when they if we go to
these fifty years, will it spur the housing industry will
improve affordability? It'll it'll definitely improve affordability, very temporarily because
(23:50):
all these home prices, just like in twenty twenty one
when rates are really cheap, all the home prices were
set on what the payment comes to, right, So initially,
if those payments drop because the fifty years introduced, home
prices are going to escalate really fast and they're going
to spike because now you have a whole set of
affordability that I can afford these homes. And what it
(24:13):
did in Japan has actually made it to where the
richest people were buying these homes, you know, because they
had such low payments and it was spread out forever
and then they would just you know, the next generation
would inherit them. And that's why it was called a
generational mortgage. So there's tons of stuff going on here.
Speaker 3 (24:32):
Man oh Man lots to consider, So maybe a short
term gain in his presidents in his mindset, here can
I refinance like if I'm twenty years old, and I
get a fifty year mortgage and it makes it more affordable,
I can get into that home that I want to
(24:52):
get into. Can I refinance or is the interest too heavy?
What does that look like down the road.
Speaker 7 (25:00):
We haven't gotten any specifics as far as what these
programs are going to look like. I don't even know
if it's going to be available on or refinance. I
would assume it is, or if it's just going to
be a purchase option, because so this is just once
again Trump throwing a tweet out, and I know some
other people have mentioned it, but we haven't gotten any
specifics to know. The one question I would have is
if you've ever gotten a mortgage and you've priced out
(25:21):
the difference between like a fifteen and a thirty, You know,
the higher you go on term, the higher your interest
rate is. So in a lot of situations, are you
even benefiting much? You know, let's just say it a
thirty year, you're interest rate six and a quarter, and
if you take a fifty year, it's seven and a quarter. Well,
are you really benefiting much from a monthly payment standpoint?
Speaker 2 (25:42):
Anyway?
Speaker 7 (25:43):
So that would be we haven't, but we haven't seen
anything as far as interest rates, program guidelines or anything
like that at this point.
Speaker 3 (25:50):
So he wants writes to come down quicker. We have
seen movement there. You and I talked about that. I
think it was must have been last week when we
talked about that, But it's maybe not as fast as
he'd like to see. And then the other piece of
this is affordability, right, is is can these kids afford
(26:10):
you know, afford it? But there's a lot that goes
into that, and you know, some of that is this
student debt, that the loan debt that they've that they're
they're kind of sunk with a lot of them, and gosh,
I can't imagine, you know, trying to make things work
with that. It's already tough enough. So I understand the problem.
I understand why people are are looking for solutions here.
Speaker 2 (26:33):
And he does.
Speaker 3 (26:33):
I mean, he's got it from a political standpoint. He's
those young people got him, they got him elected, So
he's smart to make sure that he is taking care
of him because this is this is a real issue
for a lot of these a lot of these folks.
Speaker 2 (26:47):
But what is the way out? Boy?
Speaker 3 (26:49):
That's the question in itself, Dave, What what doll we do.
Speaker 7 (26:55):
That's not talked about much is the offloading of Fanny
and Freddy as government sponsored entities, and that's a goal.
I mean, we could see that happening possibly within the
next three months to where they are shifted off and
their private entities, and that's part of why he's pushing
something like this as well. It's not going to be
on the government, will be on them to create profit
(27:16):
off it as a private entity. Also have competition for people.
But we're at the highest point in history as far
as housing ratio, and what that means is the percentage
of your house payment taking up your monthly income, and
that's the scary slope that historically when it's had these
spikes like we've just seen since twenty twenty, as it's
(27:38):
gone up, there's typically a response to that, and it's
not a good one when it comes to home values.
So I think they're looking at those stats and they
want to try and avoid the home values falling off
because of affordability with income. So, like I said, there's
a lot going on there. It's curious to watch and
if you'd like to be a mortgage nerd like I am,
(28:00):
there's some pretty cool charts. You can look at that
go all the way back, you know, through the early
nineteen hundreds to show how our income and monthly affordability are,
you know, how they're flowing historically.
Speaker 3 (28:12):
Okay, so let's just say because there's a lot of
people say that debt and the long term part of
this is the problem. So let's just say that I'm
a twenty year old I get a fifty year mortgage
and it solves my payment issue and things like that,
and I feel good about it, but I want to
I'm kind of in the Dave Ramsey school. So I
either want to pay it off as quick as I can,
(28:33):
or I want to refinance get a shorter term down
the road, maybe I can afford more, or maybe interest
rates come down later and things really get affordable. Are
those options and what does that look like?
Speaker 7 (28:47):
Yeah, you're always going to have that ability to refinance
and escalate the payments on it. And if you have
the ability to do that, then you definitely want to
because you are going to get a lower interest rate.
The other thing is does it spur more activity for
people to end up renting their home instead of selling it?
You know, part of the advantage when you sell your home,
is you get to collect that equity and use it
(29:08):
toward the down payment on your next purchase. But if
you're not, if you're on a fifty year loan, you're
not paying down much equity every month. So does it
then make it more to where you'd say, we'd rather
just hang on to it, rent it out because I
you know, because the payment's low on the fifteen years
fifty years. So yeah, you always have some opportunity to
switch into something that'll pay off sooner. It's just, you know,
(29:29):
it's just a matter of where the trends go. If
you go back to the seventies, everybody felt you had
to have twenty percent down, and you know, there were
fifteen year mortgages and you know, now it's become thirty
is kind of the standard.
Speaker 2 (29:43):
Okay.
Speaker 3 (29:43):
And to your point, as you just mentioned, Dave Gallilee
Hartland home mortgage with us, if you've got more people
and I just do the math on this, but if
you've got more people coming into the housing market because
now they can afford to buy that house, even as
first time home buyer or whatever it might be, it
might be different different level of home ownership in different areas.
But if you've got more people chasing those homes, more
(30:06):
money out there, the cost of them, now your values
will go up, but then the cost is also going
to go up. Is just what you said happen in Japan.
So I think those are interesting things to note for
people to take in whether or not this actually becomes
a real thing. It's being floated right now by President Trump,
and these are pieces of it. Anything else we might
(30:27):
want to consider them. We're taking a look at this subject.
Speaker 7 (30:31):
Yeah, I think it's the overall what would drive the
housing market. You know, what would spur cheaper homes, and
that would be less regulation, right, It's like make it
easier on the builders to get these homes built. And
then also the you know, the immigration stuff of allowing
people to come in and work on those home. Let's
get these homes built cheaper and faster. But that, of
course is something you know, Trump's tried to fight that.
(30:52):
He's done a ton federally. But when you go to
state levels, I mean, you think you're going to go
into California and get them to make it cheaper and
easier to build a home, You're out of your mind.
They're not going to back off of that. So I
think that's where a lot of this stuff comes in, like, hey,
what can we do? What options do we have? And yeah, certainly,
you know, like I said, I'm not advocating for the
fifty year loan. I just think it's something they're trying
(31:12):
to see, Hey, what can we do that will initially
have an effect on housing affordability.
Speaker 3 (31:17):
And if you want to know why this is happening,
this is this is one of the latest some data
out there. The median age of a home buyer in
the US now stands at sixty one. The median age
of a home buyer stands at sixty one, first time
home buyers hitting a record low twenty one percent. That's
why we see this fifty year and at amid the
(31:39):
same time we see this announcement coming out.
Speaker 2 (31:41):
What does that tell you, Dave, when we hear those stats.
Speaker 7 (31:45):
Yeah, it just says that salaries and income is not
keeping pace with the price of the cost of housing.
And you know, that's that's a struggle, and you know,
it seems to be the answer to this point has
been let's build more apartments, keep people renting. And I mean,
I understand it if you're somebody who can't afford the house,
(32:05):
and so that's that's the struggle, right is like, hey,
where do we where do we find that affordability? So
if you know, a fifty year could lend itself to
somebody saying well now I can get qualified, now I
can afford that home. So yeah, it may be an
answer for some people.
Speaker 3 (32:19):
Dave Gataway, Heartland Home Mortgage speaking of answers, you want help,
you want to figure out what to do. You're in
a situation, no matter whether you want to buy REFI, HOMEWI,
what he line of credit, whatever it might be.
Speaker 2 (32:29):
Those are solutions.
Speaker 3 (32:30):
But maybe your questions are, how do I make things
a little more affordable, how I get rid of some
of this credit card debt that I've got?
Speaker 2 (32:35):
How do I do any number of things?
Speaker 3 (32:37):
Dave has answers that he helped so many people will
listen to this program, and I will tell you not
only say thousands, but they're faster, they're better than the
big banks. Dave Gataway and Heartland Home Mortgage always willing
to answer those questions for you, and Dave, that's what
I think. We appreciate you and always love to hear
from you.
Speaker 7 (32:57):
Hey, pleasure is always mind to be on it. Really
appreciate you guys.
Speaker 3 (32:59):
Have a blas YouTube brother god West, talk to you soon.
There we have in folks, some of the latest and
the stories. It is the context behind it all that
you just won't get anywhere else. That's that's why we
do what we do, and that's why we're glad you're
here for it. Mark coming out and of course we
(33:22):
don't want you to miss a minute live or archived.
If you do, you can always find it at justin
Barclay dot com in a stack or also the iHeartRadio app.
Wherever you download your your podcast strokes you can stay
up to date. Stocks are up again today. The Dow
I think had a record yesterday. On the clothes, Yeah,
(33:46):
traders getting confidence and a deal to end the shutdown.
The S and P modest guys. Nasdaq slipped a bit yesterday.
They said that was because of tex Docs. Well, that's
one of the pieces we're looking at, the whether or
not those are overvalued or not. And the talk about bubbles, this,
(34:08):
that and the other thing. Folks, it doesn't matter that
rollercoaster ride that we're on. Each and every day there
are ups and downs and if you want to retire,
it doesn't matter whether it's today, tomorrow, twenty years down
the road. The folks at guarding your nest Egg Talent
Wealth are going to help you get to where you
go need to go and when you need to get there.
(34:28):
Mike Lester and the team standing by to help you
at guarding your nest egg dot com. Or you can
call six one six sixty six one one thousand, that's
six one six six six one one thousand and tell
them I sent you at guarding your nest egg dot com.
More back after this focused.
Speaker 1 (34:45):
On what matters to you. It's West Michigan Live with
Justin Barclay on News Radio one thirteen hundred and one
oh six nine half as and on demand anytime on
the iHeartRadio app.
Speaker 9 (34:56):
You're your headlines from the Midwestern Or This Wednesday, November twelve,
I'm Robin.
Speaker 7 (35:01):
Poffman Marias today in support of Miss Baldwin's amendment on
a clean one year extension of the healthcare doc of Credits.
Speaker 9 (35:09):
You're listening to Michigan Democrat Senator Alissa Slotkin, who voted
against opening the government since July. I'd been really clear,
if you want me to vote on a deal.
Speaker 10 (35:18):
It's got to do something to bring down the cost
of healthcare.
Speaker 9 (35:22):
Slotkin, along with Michigan Democrat Gary Peters, voted no. Meanwhile,
eight other Democrats joining Republicans to get the government back open. Meanwhile,
at this hour, members of the Michigan delegation and route
to Washington.
Speaker 5 (35:35):
D C.
Speaker 9 (35:36):
To vote in the House, the earliest the government could
reopen his Thursday. Air Traffic still impacted by the shutdown,
with the nation's top forty airports facing a ten percent
reduction in flights by Friday as a safety precaution. For
these stories and more, visit the Midwesterner at the Midwesterner
dot News.
Speaker 3 (35:53):
LEO is coming to an end, but it's not the
end of it all. We've got more coming up tomorrow.
But don't forget also all of the live and archived
conversations that we have in a podcast. All of that
can be found in the iHeartRadio Appraotjustinbarclay dot com and
that that's a great way to make sure that you
stay in touch with all of the things that we
(36:15):
have going on, and of course all the conversations that
we have on a daily basis, some of them behind
the scenes. Live stream is wild today too at Facebook, Twitter, x,
Rumblelegetter locals and more. Appreciate you'all folks on GETT. Got
to give them a shout out too, because you know,
sometimes we forget to but they're watching as always. Thank
you so much. Hey, our good friend Steve Redman Ottawa
(36:37):
County Patriots. Now they're expanding to be the West Michigan
Patriots and a great organization with a big, serious topic
of conversation for their next event, Steve, welcome in. I
know we only have a few minutes, but I got
to make sure that we cover this with you because
it is such an important conversation.
Speaker 4 (36:55):
Yes, justin. The meeting is going to be The topic
is Violence in America, the challenge of rising violence and
crime in America. It's can be held next Tuesday, November eighteenth,
six to eight thirty pm at the Howard Miller Community Center,
fourteen South Church Street in Zealand, Michigan, and you can
go to our website to get more information out of
(37:17):
a Countypatriots dot org. It's a big topic. It's free
and open to the public, and the key points we're
going to try to cover are the root causes of
political violence and the growing unrest in our culture, and
how anti Semitism and religious persecution adds to the widespread
violence and the dangers of anarchy, communism and radical Islam
(37:41):
for our national security. And we're going to try to
connect all the doubts with our speakers on violence, organized
hate groups, and related things and ways we can all
help reduce violence. And the speakers are three of the
four speakers of people you know well, Mike Hewitt, Denny Gillham,
Ralph Reband who's running for governor, and Saring the Ploy
who's our out of a county prosecutor. And all these
(38:03):
folks are knowledgeable about this topic and it could be
an important meeting for people because there's so many elements
to it. There's not just one thing that's causing this
malise in our country. It's a perfect storm of many elements.
And we urge people to come out to this meeting
to hear the speakers and talk with them directly.
Speaker 3 (38:25):
See we just saw the other day in Berkeley, TPUSA
was doing Turning Point was doing an event and a
man who was just outside giving out red freedom shirts
and wearing a cross on his neck was attacked by
another man who ripped across office neck. He left him bloodied.
Police had arrested both of them, and again there's violence
(38:45):
just seems to be ramping up if it's not, you know,
the assassination of Charlie Kirk, the attempted assassination of President
Trump multiple times, and just the average everyday things that
we see ice agents getting attacked, those types of things.
But there's so many pieces of this. It's such a
perfect time to bring this up in a conversation. It
has to happen. I am so glad you're doing it again.
(39:07):
If folks want more information, we'll put up a link
in our stack there. But again, it's happening the eighteenth
at six pm at the Howard Miller Community Center in Zealand.
Always a pleasure, my friend. More details at Ottawa countypatriots
dot org.
Speaker 2 (39:21):
Thank you, Steve, Thanks Justin, you got it.
Speaker 3 (39:24):
God bless. Hey, that's it for our show today. We
got more coming up in an after show. Never a
dull moment, and yeah, they're going back program right after this.
Make it a great one, folks, God bless
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If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com