August 27, 2024 • 24 mins
Tenants are being evicted for too many 911 calls. The Justice Department wants that to stop. L.A. impounded his goats… now he’s at war with animal services. Are you sure your house is worth that much? Ozempic maker defends high U.S. price: It’s helping reduce the cost of obesity.
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Episode Transcript
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Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty, and this is KFI AM six forty Bill Handle. Here.
It is a Tuesday morning, August twenty seven. As we
finish up August, dah Goad. We're just about to finish
with the summer and we're moving into fall, and that's
(00:21):
hurricane season. By the way, I can't wait for that one. Huh. Yeah.
The rest of the country, or a good part of
the country, is going to have a great time with that. Now.
I often talk about how the poor and people of
color are disenfranchised, and sometimes I go, you know, welcome
to life, all right. However, sometimes the poor and disenfranchised
(00:46):
really do get screwed, and this is one of those cases.
The Justice Department sent out a letter to municipalities across
the country saying, hey, your policy of kicking out renters
who call nine one one too often is the basis
(01:06):
for throwing people out or under law under ordinances that
say if someone calls nine one one too often, they're gone,
and you go, wait a minute, I mean is not
totally counterintuitive, of course it is, but here it is.
(01:28):
What they're saying is people call too much when a
renter comes up and there's a history of nine to
one one calls. A landlord looks at that and goes,
what a pain in the ass you are. You are
the one that is basically calling too much. You bring
crime with you because you're always calling, and really it
makes no sense, especially and here's where people of color
(01:51):
and minority minorities are screwed because they live in areas
where there is more crime and they are legitimately going
to call nine one one one more often. The only
time I've ever called nine one one in my life
is during car accidents when I see something crazy on
the freeway, or actually once I called nine one one
(02:11):
because I was driving to work and I saw some
woman who clearly had dementia walking around in her nightgown
at four o'clock in the morning. But these are called
crime free ordinances, and the landlords are saying they're valuable
to screen potential residents as a way to avoid risks
to their businesses. That's the National Apartment Association. Okay, I
(02:36):
and I really have a problem with people to call
nine one one too often that there is there's so
many frivolous phone calls. People calling nine to one one
to ask about the weather, people call nine one one
to ask for recipes, and people call nine one one
for legitimate crime. And if someone has a record of
calling nine to one one, then the police show up
(02:57):
because they don't know if it's a legitimate call or not.
And all of a sudden police showing up I mean
in an area that it shows that this is a
dangerous area or or dangerous apartment complex because the police
are all showing up. So their ordinance say you can't
do that. And it's not a question of ordinance saying
you can't do that. If you do, the landlord has
(03:19):
the right and in some cases, here's crazy. In some
cases must evict those people. And those are ordinances across
the country. They're going, wait a minute, did you even
know something like that existed? These are crying free in
nuisance ordinances, And of course those are against it, saying
they're number one, ineffective, they're harmful. Because here's the other
(03:41):
side of it, and this is the tough part. If
someone has to be evicted by law, or is to
be evicted because of extensive nine to one one calls
which bring police, they're then truly discriminated against because if
you have a record, if there's an eviction file, you
are screwed forever. No landlord will ever let you rend
(04:06):
if there is a record of you being evicted, and
if there's a record of you being evicted because you
call nine to one one calls quote too many times
and they're legitimate calls because you live in an area
that has high crime. Wow is that fair? You know,
there are a couple instances where there is legitimate, legitimate
(04:28):
discrimination against people who are poor and statistically more poor
people of or more people of color and well living
in areas that have high crime rate. And then it's
just that simple welcome to the world. But this one
is legitimately it screws people. The other thing, driving while
(04:48):
black is another one. Now there's two sides to that one.
Driving while black, Black people get called the police, nail
them more, they're stop more often, they're harassed by the police. Well, unfortunately,
crime rates are higher in the inner city among minority neighborhoods.
And so okay, that one I can I can deal with.
(05:10):
And saying, come on, guys, it's a crime issue, right,
it's just where you live. It's cops stopping blacks or
other minorities driving on the five Freeway on the way
to Bakersfield, and more blacks are stopped because well, the
(05:30):
cops say, no, there isn't statistics are there. So there
are a couple instances where there is a legitimacy when
minorities say it is unfair to us, and it's right,
it is. This is one of them. They live in
a high crime area. They call nine to one to
one more often they get nailed. Okay, I'm done. Okay.
(05:55):
A lot of people have gone to war with the
city of Los Angeles. The city of Los Angeles, it
can be pretty contentious. A real interesting one I want
to share with you is Dale Wilcox. His fight with
the City of Los Angeles is the city has confiscated
his goats. He is in the goat business. He has
(06:20):
five goats and he is in the goat goat scaping business, which,
by the way, it happens in California. It's basically landscaping
with goats. It's basically mowing your lawn with goats. And
this really works on hillsides when it becomes very difficult.
(06:41):
I mean, how do you deal with hillsides? You can't
really mow it because you can't get anything up there.
So a lot of people hire goats because goats are
very surefooted. They can go up a hillside and they
eat man. They eat everything you throw your old dishes
(07:04):
and cans and garbage up there. They eat. Also, they
eat the stuff you want eating. So these are the goats,
and Dale Wilcox has Frosty marshmallow colored goats, and then
(07:24):
he got Frosty's new friend, Pepe, and then he expanded
his goat herd, adding Beatrice and Benito, and Beatrice and
Benito had a little one Mellie. Okay, So what he
does is people hire it, and he brings his goats
(07:47):
from Riverside to La to work for his business, Goat
Scaping LA. He rents a place in Allsion Heights where
he keeps a goat shed and supplies for his be
rescue business. It's the interesting guy, Okay. So now his neighbors,
who are not very happy with him, say the goats
(08:08):
in the middle of the city can cause all kinds
of problems. His next door neighbor has had so many
negative experiences with the goats and the owner of the
property they actually filed the restraining order keep your goats
off of that property. No goat skaping for you, because
your goats are so miserable. They come onto my property
(08:30):
and they eat my stuff. Now, the neighbor, seventy seven
years old, says, we love animals, and he's lived in
the house next to willcox property for more than three decades,
but he says, become a total nuisance. And the guy
really likes goats, and he gave us a recipe for
goats goats stew, which is particularly tasty. Neil, as an
(08:53):
aficionado of food, you have eaten goat before, have you not?
I have on many occasions. But I think baby goats
are probably the cutest animal on the planet. So I'm
assuming you would not eat Frosty or Pepe or Beatrice
or Benito and Melli the five goats. I'd frolic with them,
(09:16):
I'm sure you. The goats have actually gotten loose to
half a dozen times on his property Wilcox's property, so
the family has actually helped Wilcox round up the with brooms.
The goats have attacked at neighbors, according to this story,
climbed on top of their car in a share driveway
to eat the leaves off and overhanging tree. Now can
(09:38):
you imagine, there you go, your car's under a tree.
There's a goat on top of the car, going for
the foliage. And then at one time they were about
to go to sleep, their daughters and grandchildren. I'm talking
about this couple were visiting and five goats one go
into amble into their living room and he calls his
(09:59):
wife and she says he was frozen in his chair.
The goats were in the living room walking around smelling things.
I don't know if i'd call that a nuisance when
a goat comes into your house and start smelling things
to eat. And then she said I had to clean
(10:19):
up the house because they pooped everywhere. Now they file
a restraining order, they call animal services who pick up
the goats, and the fight with the city is he
is suing the city. Why he wants his goats back.
They're about to give it up for adoption and maybe
(10:43):
selling it to a restaurant, but they're grabbing it. They
it's sitting in and they're sitting in an animal shelter
up for adoption, and they are fighting to not return
his goats. WHOA, Here's what happened. They were on a
job on North Alvarado Street and Allegian Heights in I
think it's near Echo Park and they were cleaning brush
(11:07):
from one of the customers and guess what, Animal Services
arrive around eleven am. They pick up the goats because
of the complaints. Now, if I'm a judge, I would
love to hear this lawsuit. Do I return the goats
or do I not? Are they a nuisance? Are they not? Now?
(11:30):
At one point they already had a case with the
city and it was they finally settled it. The city
dropped its own restraining order in lieu of a fifty
two dollars licensing fee that had not been paid, and
so they worked it out once not this time the
case of the goats that have been grabbed by Animal
(11:53):
Services the restraining order. See occasionally I do I handle
on the lost story. That's just fun in the morning.
So this is I mean, we deal with stuff all
over the place that is hugely controversial that affects people
lives big time. This is your goat story. Now I
(12:14):
will talk about for those of you that own homes,
and this is a tougher one because you know the
price of homes have just risen and Risen and Risen.
It's frankly very few people going to afford a home.
You buy a small home over here in Burbank one
point one million dollars for eleven hundred square feet and
you need two hundred two hundred thousand dollars down and
(12:37):
then an eight thousand dollars mortgage. I mean that's crazy.
Making well, are homes overpriced? Are they really worth what
they are worth? Probably not, And it's just a question
of catchup. Now, So what is going on our houses?
Is our is housing going to drop home ownership? Is
(12:58):
it going to be worth it? Well, let's get closer
and closer to not being worth it, which means that
the bubble may burst. And why is this Well a
lot of it has to do with climate change and
the reason and then that goes right into the cost
of insurance. And if it gets too expensive, then you know,
(13:18):
home drive prices just drop like crazy until they're affordable again.
So if you own and you've seen it all go up,
you know, maybe not anymore. And so what's going on
with insurance? Well, let me start with my house. As
you know, I sold my Persian palace and I downsized
and one of the reasons I sold it is the
fact that my home insurance doubled last November. Okay, that's enough,
(13:44):
thank you. That's one of the reasons I'm out. Also,
I didn't have enough fire insurance because my deductible went up,
the policy limits went down, and that is not unusual.
A lot of insurers are just leaving, as you know,
they're just Bailey out of California. So I had to
(14:04):
go to another insurance company and I was bare for
two and a half weeks because I couldn't find a policy.
Can you imagine waking up in the morning for two
and a half weeks and not having a house that's insured.
I mean, I went out of my mind. So you've
got wildfires, more flooding across the country, and even the
governmental programs, I mean, that is crazy. We have the
(14:27):
Fair Plan here in California, which means if you can't
get fire insurance, you can't get homeowners which more and
more homeowners can't get. So you go into the Fair Plan,
which is a governmental program where you pay ridiculous amount
of money. This is the California Fair Plan and you
get just fire insurance. That's it. No liability, theft, none
(14:50):
of that fire insurance at ridiculous prices, and to give
you an idea, the total number of people have doubled
in the last year. By the way, the fair plan
has seven hundred million dollars in cash. Right, the liability
(15:13):
exposure is three hundred and ninety three billion as of June.
Now that's not to say that, of course said that's
three hundred ninety three billion dollars of liability, which means
if every house burned down, but seven hundred million is
a drop in the bucket. The National Flood Insurance program.
Right when you live near the Mississippi Mississippi River or
(15:35):
you leave living New Orleans where it floods every five
minutes and you still stay there because you have flood
insurance through the government, Well that has a ton of money.
That is three point seven billion dollars. Right. The problem is,
a single bad hurricane, which is covered under the flood plan,
can do several times that much damage, several times the
(15:57):
three point seven billion dollars on good storm. It's gone.
And so what happens if a state insurer goes out
of business it's too much, gets a bailout from the
federal government. Home values plummet, repair costs, sore shrinks, the
tax space drives up, municipal budgets, housing collapses, the bubble
(16:22):
somehow bursts because you know, it's a home ownership rent.
If you own a rental property, I mean you're raising
rent price as well. In Los Angeles, of course it is.
You have rent control in the city Los Angeles, so
rent can only go up three percent four percent. In
the meantime, wait till your insurance policy expires. It's not
(16:43):
going to be a three for four percent increase. Trust
me on that just ain't gonna happen. Is it worth it?
Who knows? What I suggest is you sell your house now.
And if everybody wants to sell their house, that means
the prices are going to collapse, and then I'm going
to start buying. Oh you know what, let me think
(17:04):
about that. I am pitching. I'm talking to a lot
of people, and if I can convince enough people to
sell their houses, then the market sort of collapses. It's
a good idea anyway, just another spin on climate change.
And there aren't enough of these spins. I'm going to
keep on going and going over the next months, over
the next years. Okay, now, coming up next month, there
(17:28):
is going to be hearing in front of a Senate
committee subcommittee, and Bernie Sanders is on it, and he
is going to ask the CEO of the company that
makes Zimpic and Wagovy blockbuster drugs that you lose weight
(17:50):
by and it's getting better and better news and millions
of people are using the drug, and he is going
to that's Bernie Sanders is going to ask mister Jorgensen,
Lars freud Good Jorgensen. It's obviously a Danish company who
makes this, and Novo Nordisk is the company. You've seen
(18:13):
their name, And he's going to ask Lars, why do
you guys charge ten to fifteen times more for Ozembic
and Wagovi in the US than, by the way, thirteen
hundred dollars a month, then in Denmark where it's one
hundred and eighty six dollars a month, or in Germany
(18:33):
where it's one hundred and thirty seven dollars a month,
or in the United Kingdom where it's ninety two dollars
a month. And his answer, and it's going to be
a stunner because he's already said it. He's been on
interviews and he has said the reason Norvo that the
(18:53):
company was at Norvo Nordisk charges so much money is
because it saves Americans so much money. It is worth
thirteen hundred dollars a month because obesity is such a
problem in the US that it is breaking or part
of it breaking the health system. And that's true. There
(19:17):
was a report published last year from the Kaiser Foundation
found that in twenty twenty one, people with employer based
health insurance who were overweight or obese had an average
of twelve thousand, five hundred dollars in total annual health
costs one thousand dollars a month. That's double with people
who weren't overweight, and hire out of pocket costs well,
(19:39):
if you were overweight, it was fourteen hundred dollars a
month versus seven hundred dollars a month, exactly half. And
he's absolutely right because he is saying that even with
thirteen hundred dollars a month, it is worth it for
someone because the health their health will certainly improve, complications
(20:04):
won't happen because it's a It is not pleasant being overweight,
not only in terms of self esteem, which is why
one of the reasons I do West Med commercials. You know,
I only do commercials for products I believe in or
services I believe in, and believe me, I'm a big
fan of bariatric surgery. Having done it, my blood pressure
dropped dramatically. I got into my clothes, I could pee
(20:29):
and actually look down and see what I was doing,
simply because I lost this huge amount of weight. And
so he makes absolutely a lot of sense. Here's what
he's not saying. He's not going to say why it's
ninety two dollars in the UK that he's not going
to say, because well, here it's a wild It is
(20:55):
so wild his reasoning. It's true that we do better,
society does better, the country does better. Health lies it's
going to improve dramatically if more people lose a ton
of weight. Granted, okay, why can you get goov in
the United Kingdom for ninety two bucks a month? Explain
(21:18):
that one? You do better when you lose weight. See,
it's not even apples and oranges as apples and ardvarks,
and it just doesn't work well. A lot of reason
it is put with the system. Why, because it's national
health over there in the entire in the country negotiates
(21:39):
real simple. You've got England that is buying with GOV
and they're negotiating with the company and they go, well,
bottom line, do you want England as a customer? Well,
that gives you a lot of power. The United States
doesn't work that way, except they just started a little
bit with ten drugs. And also he blames and it's
(21:59):
true that the high costs are because of the Pharmacy
Benefit Marger Managers managers the ppms, and they work with
insurers with to negotiate rebates or discounted prices. And because
they're consolidating and have so much, so much influence, that
prices for drugs do go up. And they have gone
(22:20):
up because of this model, but they haven't gone up
from ninety two dollars to thirteen hundred dollars. That they
haven't done. And I've done this story before that the
at Big Pharma has actually defended the big prices in
(22:40):
the United States. Will never defend why it's a third
a tenth the price in another country for the same drug.
They can't answer that one. But they do answer well
in this case because it's worth it, because your health system.
He's actually going to talk about how our health system
is broken. You've got lures who is going to sit
(23:03):
there in Congress, in front of the Senate and explain
how the US the health system is broken. And then,
of course, when Big Pharma was attacked, when those ten
drugs are now to be negotiated by Medicare, which was illegal,
Medicare couldn't negotiate with Big Pharma. Big Pharma's defense was,
(23:25):
the less you pay for drugs, the worse it is
for you. Big prices are good for you, Honest to god,
that's what they said. Wait a minute, are you actually
saying if we pay less, it's good for if it's
(23:46):
bad for us. You buy a car, and the bigger
a discount, the worse it is for you for the
same car. Really, can you imagine a car manufacturer doing that? Well,
Big Pharma does. So I cannot wait for Lars Fury
God Jorgensen. He dropped his last name Bernstein because that
(24:09):
just doesn't fly in Denmark. Nickname was Schmooley. Now that
didn't work either. Okay, KF I Am six forty live
everywhere on the iHeartRadio app. You've been listening to the
Bill Handle Show. Catch My Show Monday through Friday, six
am to nine am, and anytime on demand on the
(24:31):
iHeartRadio app.
You're listening to Bill Handle on demand from KFI AM
six forty, and this is KFI AM six forty Bill Handle. Here.
It is a Tuesday morning, August twenty seven. As we
finish up August, dah Goad. We're just about to finish
with the summer and we're moving into fall, and that's
(00:21):
hurricane season. By the way, I can't wait for that one. Huh. Yeah.
The rest of the country, or a good part of
the country, is going to have a great time with that. Now.
I often talk about how the poor and people of
color are disenfranchised, and sometimes I go, you know, welcome
to life, all right. However, sometimes the poor and disenfranchised
(00:46):
really do get screwed, and this is one of those cases.
The Justice Department sent out a letter to municipalities across
the country saying, hey, your policy of kicking out renters
who call nine one one too often is the basis
(01:06):
for throwing people out or under law under ordinances that
say if someone calls nine one one too often, they're gone,
and you go, wait a minute, I mean is not
totally counterintuitive, of course it is, but here it is.
(01:28):
What they're saying is people call too much when a
renter comes up and there's a history of nine to
one one calls. A landlord looks at that and goes,
what a pain in the ass you are. You are
the one that is basically calling too much. You bring
crime with you because you're always calling, and really it
makes no sense, especially and here's where people of color
(01:51):
and minority minorities are screwed because they live in areas
where there is more crime and they are legitimately going
to call nine one one one more often. The only
time I've ever called nine one one in my life
is during car accidents when I see something crazy on
the freeway, or actually once I called nine one one
(02:11):
because I was driving to work and I saw some
woman who clearly had dementia walking around in her nightgown
at four o'clock in the morning. But these are called
crime free ordinances, and the landlords are saying they're valuable
to screen potential residents as a way to avoid risks
to their businesses. That's the National Apartment Association. Okay, I
(02:36):
and I really have a problem with people to call
nine one one too often that there is there's so
many frivolous phone calls. People calling nine to one one
to ask about the weather, people call nine one one
to ask for recipes, and people call nine one one
for legitimate crime. And if someone has a record of
calling nine to one one, then the police show up
(02:57):
because they don't know if it's a legitimate call or not.
And all of a sudden police showing up I mean
in an area that it shows that this is a
dangerous area or or dangerous apartment complex because the police
are all showing up. So their ordinance say you can't
do that. And it's not a question of ordinance saying
you can't do that. If you do, the landlord has
(03:19):
the right and in some cases, here's crazy. In some
cases must evict those people. And those are ordinances across
the country. They're going, wait a minute, did you even
know something like that existed? These are crying free in
nuisance ordinances, And of course those are against it, saying
they're number one, ineffective, they're harmful. Because here's the other
(03:41):
side of it, and this is the tough part. If
someone has to be evicted by law, or is to
be evicted because of extensive nine to one one calls
which bring police, they're then truly discriminated against because if
you have a record, if there's an eviction file, you
are screwed forever. No landlord will ever let you rend
(04:06):
if there is a record of you being evicted, and
if there's a record of you being evicted because you
call nine to one one calls quote too many times
and they're legitimate calls because you live in an area
that has high crime. Wow is that fair? You know,
there are a couple instances where there is legitimate, legitimate
(04:28):
discrimination against people who are poor and statistically more poor
people of or more people of color and well living
in areas that have high crime rate. And then it's
just that simple welcome to the world. But this one
is legitimately it screws people. The other thing, driving while
(04:48):
black is another one. Now there's two sides to that one.
Driving while black, Black people get called the police, nail
them more, they're stop more often, they're harassed by the police. Well, unfortunately,
crime rates are higher in the inner city among minority neighborhoods.
And so okay, that one I can I can deal with.
(05:10):
And saying, come on, guys, it's a crime issue, right,
it's just where you live. It's cops stopping blacks or
other minorities driving on the five Freeway on the way
to Bakersfield, and more blacks are stopped because well, the
(05:30):
cops say, no, there isn't statistics are there. So there
are a couple instances where there is a legitimacy when
minorities say it is unfair to us, and it's right,
it is. This is one of them. They live in
a high crime area. They call nine to one to
one more often they get nailed. Okay, I'm done. Okay.
(05:55):
A lot of people have gone to war with the
city of Los Angeles. The city of Los Angeles, it
can be pretty contentious. A real interesting one I want
to share with you is Dale Wilcox. His fight with
the City of Los Angeles is the city has confiscated
his goats. He is in the goat business. He has
(06:20):
five goats and he is in the goat goat scaping business, which,
by the way, it happens in California. It's basically landscaping
with goats. It's basically mowing your lawn with goats. And
this really works on hillsides when it becomes very difficult.
(06:41):
I mean, how do you deal with hillsides? You can't
really mow it because you can't get anything up there.
So a lot of people hire goats because goats are
very surefooted. They can go up a hillside and they
eat man. They eat everything you throw your old dishes
(07:04):
and cans and garbage up there. They eat. Also, they
eat the stuff you want eating. So these are the goats,
and Dale Wilcox has Frosty marshmallow colored goats, and then
(07:24):
he got Frosty's new friend, Pepe, and then he expanded
his goat herd, adding Beatrice and Benito, and Beatrice and
Benito had a little one Mellie. Okay, So what he
does is people hire it, and he brings his goats
(07:47):
from Riverside to La to work for his business, Goat
Scaping LA. He rents a place in Allsion Heights where
he keeps a goat shed and supplies for his be
rescue business. It's the interesting guy, Okay. So now his neighbors,
who are not very happy with him, say the goats
(08:08):
in the middle of the city can cause all kinds
of problems. His next door neighbor has had so many
negative experiences with the goats and the owner of the
property they actually filed the restraining order keep your goats
off of that property. No goat skaping for you, because
your goats are so miserable. They come onto my property
(08:30):
and they eat my stuff. Now, the neighbor, seventy seven
years old, says, we love animals, and he's lived in
the house next to willcox property for more than three decades,
but he says, become a total nuisance. And the guy
really likes goats, and he gave us a recipe for
goats goats stew, which is particularly tasty. Neil, as an
(08:53):
aficionado of food, you have eaten goat before, have you not?
I have on many occasions. But I think baby goats
are probably the cutest animal on the planet. So I'm
assuming you would not eat Frosty or Pepe or Beatrice
or Benito and Melli the five goats. I'd frolic with them,
(09:16):
I'm sure you. The goats have actually gotten loose to
half a dozen times on his property Wilcox's property, so
the family has actually helped Wilcox round up the with brooms.
The goats have attacked at neighbors, according to this story,
climbed on top of their car in a share driveway
to eat the leaves off and overhanging tree. Now can
(09:38):
you imagine, there you go, your car's under a tree.
There's a goat on top of the car, going for
the foliage. And then at one time they were about
to go to sleep, their daughters and grandchildren. I'm talking
about this couple were visiting and five goats one go
into amble into their living room and he calls his
(09:59):
wife and she says he was frozen in his chair.
The goats were in the living room walking around smelling things.
I don't know if i'd call that a nuisance when
a goat comes into your house and start smelling things
to eat. And then she said I had to clean
(10:19):
up the house because they pooped everywhere. Now they file
a restraining order, they call animal services who pick up
the goats, and the fight with the city is he
is suing the city. Why he wants his goats back.
They're about to give it up for adoption and maybe
(10:43):
selling it to a restaurant, but they're grabbing it. They
it's sitting in and they're sitting in an animal shelter
up for adoption, and they are fighting to not return
his goats. WHOA, Here's what happened. They were on a
job on North Alvarado Street and Allegian Heights in I
think it's near Echo Park and they were cleaning brush
(11:07):
from one of the customers and guess what, Animal Services
arrive around eleven am. They pick up the goats because
of the complaints. Now, if I'm a judge, I would
love to hear this lawsuit. Do I return the goats
or do I not? Are they a nuisance? Are they not? Now?
(11:30):
At one point they already had a case with the
city and it was they finally settled it. The city
dropped its own restraining order in lieu of a fifty
two dollars licensing fee that had not been paid, and
so they worked it out once not this time the
case of the goats that have been grabbed by Animal
(11:53):
Services the restraining order. See occasionally I do I handle
on the lost story. That's just fun in the morning.
So this is I mean, we deal with stuff all
over the place that is hugely controversial that affects people
lives big time. This is your goat story. Now I
(12:14):
will talk about for those of you that own homes,
and this is a tougher one because you know the
price of homes have just risen and Risen and Risen.
It's frankly very few people going to afford a home.
You buy a small home over here in Burbank one
point one million dollars for eleven hundred square feet and
you need two hundred two hundred thousand dollars down and
(12:37):
then an eight thousand dollars mortgage. I mean that's crazy.
Making well, are homes overpriced? Are they really worth what
they are worth? Probably not, And it's just a question
of catchup. Now, So what is going on our houses?
Is our is housing going to drop home ownership? Is
(12:58):
it going to be worth it? Well, let's get closer
and closer to not being worth it, which means that
the bubble may burst. And why is this Well a
lot of it has to do with climate change and
the reason and then that goes right into the cost
of insurance. And if it gets too expensive, then you know,
(13:18):
home drive prices just drop like crazy until they're affordable again.
So if you own and you've seen it all go up,
you know, maybe not anymore. And so what's going on
with insurance? Well, let me start with my house. As
you know, I sold my Persian palace and I downsized
and one of the reasons I sold it is the
fact that my home insurance doubled last November. Okay, that's enough,
(13:44):
thank you. That's one of the reasons I'm out. Also,
I didn't have enough fire insurance because my deductible went up,
the policy limits went down, and that is not unusual.
A lot of insurers are just leaving, as you know,
they're just Bailey out of California. So I had to
(14:04):
go to another insurance company and I was bare for
two and a half weeks because I couldn't find a policy.
Can you imagine waking up in the morning for two
and a half weeks and not having a house that's insured.
I mean, I went out of my mind. So you've
got wildfires, more flooding across the country, and even the
governmental programs, I mean, that is crazy. We have the
(14:27):
Fair Plan here in California, which means if you can't
get fire insurance, you can't get homeowners which more and
more homeowners can't get. So you go into the Fair Plan,
which is a governmental program where you pay ridiculous amount
of money. This is the California Fair Plan and you
get just fire insurance. That's it. No liability, theft, none
(14:50):
of that fire insurance at ridiculous prices, and to give
you an idea, the total number of people have doubled
in the last year. By the way, the fair plan
has seven hundred million dollars in cash. Right, the liability
(15:13):
exposure is three hundred and ninety three billion as of June.
Now that's not to say that, of course said that's
three hundred ninety three billion dollars of liability, which means
if every house burned down, but seven hundred million is
a drop in the bucket. The National Flood Insurance program.
Right when you live near the Mississippi Mississippi River or
(15:35):
you leave living New Orleans where it floods every five
minutes and you still stay there because you have flood
insurance through the government, Well that has a ton of money.
That is three point seven billion dollars. Right. The problem is,
a single bad hurricane, which is covered under the flood plan,
can do several times that much damage, several times the
(15:57):
three point seven billion dollars on good storm. It's gone.
And so what happens if a state insurer goes out
of business it's too much, gets a bailout from the
federal government. Home values plummet, repair costs, sore shrinks, the
tax space drives up, municipal budgets, housing collapses, the bubble
(16:22):
somehow bursts because you know, it's a home ownership rent.
If you own a rental property, I mean you're raising
rent price as well. In Los Angeles, of course it is.
You have rent control in the city Los Angeles, so
rent can only go up three percent four percent. In
the meantime, wait till your insurance policy expires. It's not
(16:43):
going to be a three for four percent increase. Trust
me on that just ain't gonna happen. Is it worth it?
Who knows? What I suggest is you sell your house now.
And if everybody wants to sell their house, that means
the prices are going to collapse, and then I'm going
to start buying. Oh you know what, let me think
(17:04):
about that. I am pitching. I'm talking to a lot
of people, and if I can convince enough people to
sell their houses, then the market sort of collapses. It's
a good idea anyway, just another spin on climate change.
And there aren't enough of these spins. I'm going to
keep on going and going over the next months, over
the next years. Okay, now, coming up next month, there
(17:28):
is going to be hearing in front of a Senate
committee subcommittee, and Bernie Sanders is on it, and he
is going to ask the CEO of the company that
makes Zimpic and Wagovy blockbuster drugs that you lose weight
(17:50):
by and it's getting better and better news and millions
of people are using the drug, and he is going
to that's Bernie Sanders is going to ask mister Jorgensen,
Lars freud Good Jorgensen. It's obviously a Danish company who
makes this, and Novo Nordisk is the company. You've seen
(18:13):
their name, And he's going to ask Lars, why do
you guys charge ten to fifteen times more for Ozembic
and Wagovi in the US than, by the way, thirteen
hundred dollars a month, then in Denmark where it's one
hundred and eighty six dollars a month, or in Germany
(18:33):
where it's one hundred and thirty seven dollars a month,
or in the United Kingdom where it's ninety two dollars
a month. And his answer, and it's going to be
a stunner because he's already said it. He's been on
interviews and he has said the reason Norvo that the
(18:53):
company was at Norvo Nordisk charges so much money is
because it saves Americans so much money. It is worth
thirteen hundred dollars a month because obesity is such a
problem in the US that it is breaking or part
of it breaking the health system. And that's true. There
(19:17):
was a report published last year from the Kaiser Foundation
found that in twenty twenty one, people with employer based
health insurance who were overweight or obese had an average
of twelve thousand, five hundred dollars in total annual health
costs one thousand dollars a month. That's double with people
who weren't overweight, and hire out of pocket costs well,
(19:39):
if you were overweight, it was fourteen hundred dollars a
month versus seven hundred dollars a month, exactly half. And
he's absolutely right because he is saying that even with
thirteen hundred dollars a month, it is worth it for
someone because the health their health will certainly improve, complications
(20:04):
won't happen because it's a It is not pleasant being overweight,
not only in terms of self esteem, which is why
one of the reasons I do West Med commercials. You know,
I only do commercials for products I believe in or
services I believe in, and believe me, I'm a big
fan of bariatric surgery. Having done it, my blood pressure
dropped dramatically. I got into my clothes, I could pee
(20:29):
and actually look down and see what I was doing,
simply because I lost this huge amount of weight. And
so he makes absolutely a lot of sense. Here's what
he's not saying. He's not going to say why it's
ninety two dollars in the UK that he's not going
to say, because well, here it's a wild It is
(20:55):
so wild his reasoning. It's true that we do better,
society does better, the country does better. Health lies it's
going to improve dramatically if more people lose a ton
of weight. Granted, okay, why can you get goov in
the United Kingdom for ninety two bucks a month? Explain
(21:18):
that one? You do better when you lose weight. See,
it's not even apples and oranges as apples and ardvarks,
and it just doesn't work well. A lot of reason
it is put with the system. Why, because it's national
health over there in the entire in the country negotiates
(21:39):
real simple. You've got England that is buying with GOV
and they're negotiating with the company and they go, well,
bottom line, do you want England as a customer? Well,
that gives you a lot of power. The United States
doesn't work that way, except they just started a little
bit with ten drugs. And also he blames and it's
(21:59):
true that the high costs are because of the Pharmacy
Benefit Marger Managers managers the ppms, and they work with
insurers with to negotiate rebates or discounted prices. And because
they're consolidating and have so much, so much influence, that
prices for drugs do go up. And they have gone
(22:20):
up because of this model, but they haven't gone up
from ninety two dollars to thirteen hundred dollars. That they
haven't done. And I've done this story before that the
at Big Pharma has actually defended the big prices in
(22:40):
the United States. Will never defend why it's a third
a tenth the price in another country for the same drug.
They can't answer that one. But they do answer well
in this case because it's worth it, because your health system.
He's actually going to talk about how our health system
is broken. You've got lures who is going to sit
(23:03):
there in Congress, in front of the Senate and explain
how the US the health system is broken. And then,
of course, when Big Pharma was attacked, when those ten
drugs are now to be negotiated by Medicare, which was illegal,
Medicare couldn't negotiate with Big Pharma. Big Pharma's defense was,
(23:25):
the less you pay for drugs, the worse it is
for you. Big prices are good for you, Honest to god,
that's what they said. Wait a minute, are you actually
saying if we pay less, it's good for if it's
(23:46):
bad for us. You buy a car, and the bigger
a discount, the worse it is for you for the
same car. Really, can you imagine a car manufacturer doing that? Well,
Big Pharma does. So I cannot wait for Lars Fury
God Jorgensen. He dropped his last name Bernstein because that
(24:09):
just doesn't fly in Denmark. Nickname was Schmooley. Now that
didn't work either. Okay, KF I Am six forty live
everywhere on the iHeartRadio app. You've been listening to the
Bill Handle Show. Catch My Show Monday through Friday, six
am to nine am, and anytime on demand on the
(24:31):
iHeartRadio app.
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