Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:06):
PFI AM six forty handle here in the morning crew
on a taco Tuesday, August twelfth. Yes, I'll be having
tacos tonight tomorrow. Hum they No, I will not. We've
got some stories, big stories we're looking at. On the
tariff front. The President has in fact extended his pause
(00:31):
on higher tariffs on Chinese goods for another three months,
and he did that about thirty five seconds before the
tariff was going to take effect. Now we have a
housing problem. I talked about that earlier. I don't have
enough housing. And at the same time, downtown real estate,
(00:53):
we're talking about the high rise office buildings.
Speaker 3 (00:57):
They're empty.
Speaker 2 (01:00):
There. The footprint has become much smaller people. You don't
need the amount of space because people are really simply
not going to work in the office as much as
they used to, and so the office space has either
dropped dramatically or it's no longer being rented at all.
(01:25):
So there is a building, an office tower on the
edge of the one ten freeway and the developer, a
developer is turning it into luxe apartments and that project's
about to begin and you can see a mock up
of the apartment and what does it have? High windows
(01:46):
or high ceilings, tall windows, sweeping views of the city.
So you've got empty office towers that have these incredible views,
or they're right there in the downtown financial district, and
that's a high end place to live sort of. The
more people that live there, and the people that are
(02:08):
going to live in these office towers, they have money.
You're not going to see many well maybe you we'll
see subsidized housing, but you're not going to see many
poor people. So if you want housing, you want people
to live in your quote apartment building or sell condos,
perfect place because the people there will have the money.
(02:33):
So the office rental market right now, high vacancies, falling values.
Speaker 3 (02:40):
That's the other issue.
Speaker 2 (02:42):
The value of these office buildings has tanked because the
value of office building predicated on the amount of rent
that the.
Speaker 3 (02:52):
Building can garner.
Speaker 2 (02:54):
And when it's empty and businesses leave, or because business
is so tight that they're moving out into the suburbs.
Speaker 3 (03:04):
Corporately, you go out into.
Speaker 2 (03:07):
Forefeinland out there where property is so cheap, which is
why of course fulfillment centers are out there in the
Inland Empire, and you don't see them in anywhere else
in southern California, So why.
Speaker 3 (03:22):
Do they want to do this? And it's money.
Speaker 2 (03:24):
It's money for us, however, it's money from us because
the only way to make this feasible, according to many
of these developers, is to get tax breaks and lots
of them, or in the case of these office buildings,
they're being reassessed at a lot less money than they're
(03:46):
assessed for now.
Speaker 3 (03:48):
You can during times.
Speaker 2 (03:51):
I reassessed my house once during the Great Recession. It
wasn't worth as much, and so I went to the
county Recorder's office and we assessed downwards.
Speaker 3 (04:02):
And that is what's going on here.
Speaker 2 (04:05):
You had an office building where let's say it was
one hundred million dollars. It's empty, you can't get the rents.
All of a sudden, it's worth twenty million dollars or
fifty million dollars. Well, the assessed value is now fifty
million dollars and the property tax paid is now half
of what it was.
Speaker 3 (04:20):
The city is struggling.
Speaker 2 (04:21):
They need the money where the city needs the money
and it ain't coming in. So it's kind of a
cat and mouse game. Where developers say, the only way
we're going to do this is we need tax brace.
As a matter of fact, we need grants to make
this happen because if you don't, the amount of money
that wood was coming in and would be coming in
(04:43):
is collapsing. So they need money. We need money and.
Speaker 3 (04:48):
Does this work? Yeah?
Speaker 2 (04:50):
The problem is it's pretty expensive to do this now,
obviously not as expensive as building a thirty five story
condo building, but transforming office space into units. You're talking
about redoing, electrical, redoing, plumbing, making well, you can make
(05:10):
actually any size because these office buildings inside there aren't
usually structures that hold up the building. But yeah, I
would move there Downtown. That's kind of neat Financial Center.
Although right now you've got restaurants and you've got stores
that are high end. They're getting the hell out of
there because there's nobody there anymore.
Speaker 3 (05:33):
Neil, would you move into one of those?
Speaker 1 (05:37):
Well? If I was single? Maybe?
Speaker 3 (05:39):
Good? All right, Amy, would you move into one of those?
Speaker 2 (05:43):
Well?
Speaker 3 (05:44):
I am single?
Speaker 2 (05:44):
So maybe this is very helpful as I ask the crowd,
I'm done with asking people here, Okay, how do they pass?
Speaker 1 (05:54):
Like what? You've got a couple of things you've got
zoning laws, right, Yeah, so they're gonna easy. And how
are you going to use the middle sections of these
areas that don't get light natural light.
Speaker 3 (06:09):
That's a good point, but there are plenty.
Speaker 2 (06:10):
That is actually a very good point, and that's one
of the issues. How do you get natural light? You
don't get natural light, but you have to you have
to have so you have to have I think. And
by the way, that's an excellent question, which I don't
know the answer to.
Speaker 1 (06:26):
I don't know how you do that. But it had
been downside perimeter. But you're not going to get them
in the center of these buildings.
Speaker 3 (06:32):
It has been done.
Speaker 2 (06:33):
They have transformed office buildings into residential units, and I
don't know how they do it. Maybe there's an exemption
in the law in maybe the units inside are much cheaper.
Speaker 3 (06:46):
I don't know the answer to that. But thanks for
bringing up something.
Speaker 2 (06:48):
I have no idea now somebody I want to share
with you, which is kind of just fun.
Speaker 3 (06:53):
In a Wall Street Journal did an.
Speaker 2 (06:54):
Article on this, and that is golf carts are exploding
because street legal in one community after another. Families are
ditching their minivans, SUVs. They're running a quick errand buzzing
around the neighborhood and or running through town.
Speaker 3 (07:13):
And so the boom is here.
Speaker 2 (07:15):
Also, the backlash is here because residents of cart friendly
towns are saying slow drivers because they don't go beyond
twenty five thirty miles an hour, clogging.
Speaker 3 (07:25):
The streets, making the streets unsafe.
Speaker 2 (07:29):
Cart drivers young even including twins and young teens because
for some reason, young kids can drive these golf carts
nobody cares and sweet speeding swerving.
Speaker 3 (07:41):
We all hate you, Florida motorists said on TikTok. These
things are dangerous.
Speaker 2 (07:47):
According to a photographer who lives in one of these,
they're around vehicles bigger than they are, They're operated by
kids with no adult supervision, and it is simply a disaster,
a formula for disaster. So now as they explode, then
you have the backlash. Okay, So here's my story. My
(08:07):
in laws live in a community, a gated community wherever
July fourth, there is a July fourth golf cart parade.
And some of the golf carts are street legal, and
you can easily tell they have headlights and seat belts,
and you can tell, you know, bumpers, all the stuff
that a car has to have or a cart has
(08:29):
to have to be straight legal. And they dress up
these golf carts for July fourth, and man, they are
just terrific. It's a joy to see them. That's when
golf carts make sense. The winner last year, and by
the way, my in laws have won several times. The
(08:50):
winner last year, which I thought was kind of neat,
was a replica of a World War Two German a
German car with the flastic the Swastika flag flying and
it was a big, big winder.
Speaker 3 (09:11):
What Neil.
Speaker 1 (09:13):
Odd Odd costume for a car for for.
Speaker 3 (09:16):
Yeah, it was it was.
Speaker 2 (09:18):
It looked like a German staff car. It was very strong.
Actually that's not true, but they're.
Speaker 3 (09:24):
Kind of neat.
Speaker 2 (09:25):
Balloons and my in laws are big on ducks, plastic ducks,
and they have this huge blow up duck that they
put on top of the car.
Speaker 3 (09:36):
Its kind of neat.
Speaker 1 (09:37):
Do they drive a jeep or something, a jeep wrangler?
Speaker 2 (09:41):
No, they drive a golf cart. It's and it's a
nice golf cart. And some of them are a fortune.
By the way, if you've seen golf carts, I mean
that are some can cost twenty five thousand dollars.
Speaker 3 (09:56):
Oh weird.
Speaker 1 (09:57):
I've seen some gorgeous golf cortsetters street legal.
Speaker 3 (10:01):
Yeah, I'm thinking of one.
Speaker 2 (10:03):
But our neighborhood doesn't really do a good job with it.
It doesn't actually have the kind of roads and the
kind of it's not that kind of community.
Speaker 1 (10:13):
Might either here, But we've thought about getting not even yours.
Speaker 3 (10:18):
In your neighborhood.
Speaker 2 (10:19):
You would be you would be golf cart jacked in
two seconds with no doors.
Speaker 1 (10:26):
But we thought about doing it up in Big Bear.
Would be fun.
Speaker 2 (10:30):
Yeah, but you need snow tires and you would freeze
slide around very quickly. All right, let's quickly talk about
our contest that we're doing on October eleventh.
Speaker 1 (10:42):
Sure, so it's very simple. When you go to Zelmans
dot com and use the code KFI, not only are
you going to get ten percent off your order, but
you'll also automatically go into a drawing to join Bill
Handle and me at the Anheim White in October on
the eleventh, Saturday the eleventh, and we're going to have dinner.
(11:04):
We're gonna put Zelmans to the ultimate test, live with
you at the table onions Garlick. Whatever we can find
that would make your mouth and stomach stink, and we'll
prove to you just how great it is.
Speaker 2 (11:18):
And and here's how you do it. There'll be five
guests and no five winners, and their guests will be
chosen and you will join us.
Speaker 3 (11:27):
And the way you do.
Speaker 2 (11:28):
It is you go on to Zelmans dot com Z E,
L M I N S Zelmans dot com.
Speaker 3 (11:36):
The promo code is KFI.
Speaker 2 (11:38):
Any purchase of any Zelman's product, which is one at
this point, but any purchase of any size will have
you will get you automatically entered to win. And not
only is the food going to be terrific, the test
for Zelmans well, we already know that it's going to
(11:58):
be fine, but watch uh watching me and Neil eat,
and people have said that alone is a joy in
and of itself.
Speaker 1 (12:08):
It's like going to a zoo.
Speaker 3 (12:10):
It is.
Speaker 2 (12:10):
Neil and I had lunch and total strangers have come
up to us and said, wow, that's impressive, you two.
Speaker 1 (12:19):
I saw Gallagher in the eighties and got food on me.
Speaker 3 (12:23):
Yeah.
Speaker 1 (12:24):
There are terms and condition conditions, of course, but you
can go to Zelman's dot com to find that out.
But again, use the KFI code at checkout KFI at checkout.
Speaker 2 (12:34):
All right, Doc, Now we really have a waste crisis
going on, because when you look at our recycle bin,
how much of it you think the you think the
trash in there really gets recycled, Not very much. I
mean even paper cups, right, that would be a recyclable joy.
(12:59):
It would just that's one of the big ones that works.
They don't work. Why because there's plastic inside most paper cups. Well,
there has to be otherwise the cardboard sort of absorbs
whatever liquid that is totally non recyclable.
Speaker 3 (13:18):
It can't be done.
Speaker 2 (13:20):
There are a lot of other recyclables that are not recyclables.
I always had a question here because we recycle at
KFI and there are those blue recycle trash cans versus
regular trash cans, and they're right next to each other.
And I was told, and I've been told two stories,
(13:41):
and Neil, you at one point were in management, maybe
you have a better.
Speaker 3 (13:46):
Insight in this.
Speaker 2 (13:47):
I was told, yes, those are actually recycled or no,
when it's all said and done, it just goes into
the general trash BD and off it goes to the landfill.
Speaker 3 (14:00):
That's a question.
Speaker 1 (14:02):
I'm right here, Okay, The recycling bins at the station.
Speaker 2 (14:07):
No, yeah, the recit Yes, I don't even know downstairs
if we have recycling bins, I'm assuming we do. Yes,
we haven't, okay, but but here's my question. Do those
go into recycling or does it end up going into
just trash cans?
Speaker 1 (14:22):
Oh no. My understanding is they are separated, and that
there's two areas outside behind the building that they go
into different spaces. As a matter of fact, my understanding
is that local pickups from the garbage trucks. They're completely different.
I mean, it's like it is at your home.
Speaker 3 (14:40):
No, I am my house. It's different. It is different,
but they.
Speaker 1 (14:43):
Have to pick up. They even have cameras in there
to see that they're they're getting the proper recycled. All right.
Speaker 2 (14:50):
So, but with that said and done, there's so much
that isn't recyclable. For example, the paper cups, as I
just mentioned, people throw those into the recycling bin and
and let's go to the recycling centers. I mean, the
only thing I'm fanatic about is cardboard that I keep
separately because I know that's going to be recycled.
Speaker 3 (15:08):
Yeah.
Speaker 1 (15:08):
So a lot of people don't know this, bill, but
you can if you look, if you get a pizza box,
any part of it that doesn't have the oil on
it is recyclable. And oftentimes that means the top part
and they have perforations on them and you can rip
it off, put that in the recycling and the part
with the grease into the garbage.
Speaker 2 (15:29):
Yeah, and people put in the grease because it's a
paper product. Where you know that goes and recycling because
it's paper. But let me tell you what is happening.
And there is a new program around this has to do.
Fifty billion paper coffee cups are thrown away in the
(15:49):
US every year, fifty billion.
Speaker 3 (15:54):
In California.
Speaker 2 (15:55):
Nine percent of single use plastics is recycled, just the plastics. Oh,
here's another one that is not recyclable, and that is Uh,
you go to the supermarket now and you get those
compostable bags. Compostable bags that are horrible, that are god awful.
Speaker 3 (16:18):
You can't open them.
Speaker 2 (16:20):
You every time you try to put a broccoli in them,
the broccoli falls on the.
Speaker 1 (16:24):
Floor, just super thin.
Speaker 3 (16:26):
Uh.
Speaker 2 (16:26):
Yeah, they're just disgusting and terrific. They're made out of
corn starch or whatever. They can't be recycled, so thank
you for that. So here's what's going on there. Move
is a movement of foot to actually recycle plastic cups.
(16:50):
We're talking Starbucks, not the disposable cups, which can't be
used because of the plastic inside.
Speaker 3 (16:59):
We're talking about reusable.
Speaker 2 (17:01):
They collect them, they wash them, they're heavy duty plastic.
They return them to the stores. It is actually cheaper
than the purchase of new cups, even with the cost
of washing and collecting, and that changes everything in terms
(17:22):
of the amount of trash, even the recyclable. And let
me tell you who is part of that. I was
kind of interested in that. Duncan, Duncin Donuts, Habit Burger,
Pete's Coffee, and more and more.
Speaker 3 (17:37):
Companies are doing this. It's kind of a good idea.
Speaker 2 (17:41):
Although how many people would use Oh my god, someone's
lips were on there.
Speaker 3 (17:45):
Someone who has cooties.
Speaker 1 (17:47):
And that's at every restaurant you go to. They're not
giving you new silverware, flatwearware, ruther or things like that.
That's anywhere. I'll tell you I have a theory on this.
By the way, the manufacturing and home manufact is growing
and growing. I know, build stuff all the time with
a three D printer. They are out of plastics like PLA,
(18:09):
which is used in a lot of drinking bottles and
things like that. I think we are going to move
to having internal in home recycling, small recycling centers, that
we're going to be able to make things, plates, things
like that at home eventually and take the middleman out
(18:29):
of it.
Speaker 3 (18:30):
Yeah, and Neil.
Speaker 2 (18:31):
I have seen Neil with his printer's plastic printer. If
you want a machine gun, for example, that can be
made at home, Neil is your guy, your ghost gun.
Speaker 3 (18:43):
All right, We're done, guys. Garian Shannon up next.
Speaker 2 (18:46):
I am taking phone calls for Handle on the Law
starting in just a moment. Eight seven seven five two
zero eleven fifty eight seven seven five two zero eleven fifty.
I'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 iHeartRadio app.