Prepare to gain a comprehensive understanding of how political events, especially elections, shape market behaviors with insights from our special guest, Brendon. Discover the nuanced ways markets react to the political climate, regardless of electoral outcomes, and the pivotal role of institutions like the Federal Reserve in navigating economic conditions. Brendan guides us through the intricacies of inflation and interest rates while addressing investor concerns tied to potential policy shifts. We also explore the ramifications of unified government control on spending and taxation, offering a lens to view the complex dance between politics and market stability.
In another essential segment, we turn our attention to those who have served our country, focusing on the importance of supporting veterans and their communities. We emphasize the need for tailored accommodations and community initiatives that enhance the well-being of veterans, advocating for a balanced approach in veteran care. Our discussion shines a light on the crucial health measures, such as vaccinations, necessary for their sustained health and prosperity. Through collaboration and a commitment to continuous improvement, we seek to honor and uplift the lives of veterans, ensuring they receive the care and support they rightfully deserve. Join us for a thoughtful exploration of economic trends and social responsibility.
To connect with Brendon:
Brendon Bland
614-747-3530
bbland@neighborhoodloans.com
https://www.instagram.com/mortgagemademodern/
https://www.facebook.com/brendon.bland
Sarah Thress
614-893-5885
First Time Home Buyer course: https://sarahthress.graphy.com/
Instagram https://www.instagram.com/sarah_thress_realtor/
Facebook https://www.facebook.com/SarahThressRealtor/
https://www.youtube.com/@LIFEINCOLUMBUS
Episode Transcript
And welcome to Come to Find Out.
This week we have a wonderfulwinner.
If you are a normal listener,you know that I'm going to go on
quite a bit, because he'salways absolutely amazing on the
industry, but also his customerservice is five-star all the
(00:21):
way.
I feel like this is a lot offun.
This is what I'm reaching, butbefore I read the money, I do
want to apologize for the that Ihave.
Hopefully it's not too annoyingfor you, but writing a quote
and a podcast always yeah.
So anyways, brendan, thank youso much for coming on today,
(00:45):
thanks for having me, and Ireally enjoyed playing
basketball.
It's been a very change game,so let's get into it.
I love that.
Well.
So I mean, obviously we allknow that there was a big thing
(01:06):
last week.
Yeah, some of that, yeah.
So, and, as we all know, duringelections you know, before the
election, the market kind ofexploded.
So you know it's hard to seewhat's going to happen kind of
slow and try to see what's goingto happen, and it's a long time
for whoever will sort of takethe back up after, whoever is
(01:33):
elected.
Again, it doesn't matterwhether it's Republican or
Democrat.
We're not making politicaldecisions, but I would love to
see the secure market right nowpolitical perspective but I
would love to see the poorfeeling of what the market is
looking like right now.
What has been the most election?
What's the most of the market?
(01:55):
Yeah, first off, I think it'sgood.
What's happened?
What's happened based on data,based on facts the other day we
talked about certainly in thesoup of life, it makes up for
(02:26):
the brains.
The political element isdefinitely added.
Whenever we talk about race,I'm like there's a bunch of
(02:50):
things that can be done, butultimately, kind of at the base
of everything, there is a biggoal to get to the back of the
curve.
It's like any market.
(03:12):
That is like there areinstitutions that invest in that
market and where there's a lotof investment less investment,
higher the behaviors that diedto prey and respond.
That was the process.
Those were very varied.
We got a variety of factorsthat we've been using for the
(03:35):
last few years.
At the end of the day, that isreally the face of it, all these
other things that are happeningaround it.
So the last couple of yearsthey have a lot of older grades.
(03:57):
That's, I think, what we seehigher dollars, older grades and
grades.
I've got a problem with that.
Today, when we see higherdollars, older trades and trades
in general.
Generally, the idea is, when youhave a major overspend and also
things are too high, right, Ithink we can all agree that the
(04:17):
nearest thing is probably thecost more right.
So rates are higher and that,in theory, should slow down
slightly and that their returnmay be a little bit down.
They're going to make a changethat we buy every day but not as
expensive as we would.
That's kind of a thoughtprocess that we experience going
(04:45):
into this election.
You have some inflation kind offalling off the ground, which
means that we're getting intosome much higher, some much
lower.
So rates have kind of bouncedaround on that.
In conjunction with the Fed,they play a role in this because
they control the market notonly, but it's not one of the
rates, but it's now, and they'veannounced that, hey, they've
(05:10):
got a place to do better.
Because of that, they've soughttheir chance.
Now there's a great place.
Now that's great.
Now there's only great rates.
Now they're actually lower,that's great.
So that's kind of thebackground of what's going on.
We have high inflation, butit's come down.
(05:31):
We had Fed who would say greatrates this past couple years,
but it's probably lower rates.
But then we got close to theelection.
What happened then?
We got close to the election,we actually started seeing rates
go up, and I think that'sconfusing for a lot of people,
right?
Because, like I said, they sitdown.
That's good, but that's notvery.
(05:52):
That's good.
It's a viable conversation, but, just once again, when we think
about voter tax, we don't eveninvest in that.
They're speculating a lot.
One of those things is that ithas happened in Hawaii, and when
(06:13):
we know that there's going tobe a big deal, we expect it to
be in Hawaii.
It doesn't matter if it'sDemocrats or Republicans, but
anytime it's in Hawaii, it'sgoing to be in Hawaii.
Um, the prevailing concern, umby investors, and once you're in
(06:38):
the house senate, it's to bemuch easier than half of the
places you know.
I think that's where you are.
It's not a bad thing, right?
You don't have to believe whatyou want in the country.
It's not a bad thing.
We actually have a stock marketthat records days.
Based on that, you know, hey,this is the kind of policies
(06:58):
that are really relevant.
Some of the concerns thatBonaventure has, though, going
into that and that was gettinginto the context is that, hey,
if you have one party that runseverything, you're going to have
to pay for it.
You're going to need to getmore spending.
We have to hire people to makeit.
(07:19):
We've got to pay for it.
We've got to pay for taxes alot.
Again, pretty good businesswith wallets, but if we cut
taxes, that would get coverage.
Similarly, if we start clearingthe high tariffs on things,
(07:41):
that would be great.
That's been going on.
That's been going on.
And ISIS is spending 22,.
Right, 22 bad rates.
So around the election it'sgoing up.
That's something that will beseen in the next couple of years
(08:03):
.
Some of the things that will beseen in the next decade will be
positive.
Will that picture happen?
Well, maybe not, and I think,as we get further away from the
election, as the incomingadministration, all of the
changes, that's going to be alittle bit of a factor.
We can have it, we can retreat,we can step down.
Hopefully we'll keep it up.
(08:26):
That's separate.
That's kind of the prevailingthought for the election and how
the election is set.
We might expect a sign of it.
What happens as of today?
There's a Thursday, yes,wednesday, november 13th.
(08:47):
There was a storm that camedown from the top.
It was a storm that came downfrom the top.
It was a storm that came downfrom the top.
It was a storm that came downfrom the top.
It was a storm that came downfrom the top.
Um, so, basically, you know,over the last few months we had
(09:12):
seen, month after month withrates but this is the first
month good Overall since 2022,we're down to so we're almost
(09:33):
there, so that's a good sign andonce again, it kind of takes
that point of housing and thenif we concede over the next,
(10:02):
that's when we would expect.
That's exactly right.
I mean, that's a good time.
But I think, for anyonelistening to this, I know
there's someone who's trying topractice.
Let's see what happens.
(10:23):
But you just want to payattention to all of these and I
think I can see a lot of howthat changed attention to the
policies and the policies thatare being implemented in the
United States, and they've got alot of.
I don't know how that's goingto occur, but it's just very
good that we have money, I meanbecause we've got a lot of
people in the school.
We've got a lot of people inthe school and so you know,
(10:57):
obviously a lot of people arenot going to be able to get the
money.
So, very long answer to yourfirst question.
I'll try to make the nextcouple of answers.
So that's it.
So very long answer to yourfirst question.
I'll try to make the nextcouple of answers.
That's really what's going on.
(11:22):
Yeah, no, I think that's such agood definition of deep prize.
You know, unfortunately I don'tknow.
Yeah, absolutely, I appreciatethat.
(11:44):
Yeah, I wish I'd thought.
No, I appreciate that.
So I know from my experience.
You know, in terms of myexperience, when someone is
using very important Twitter,there's definitely very
different sellers.
So if you go to Facebook,you'll find that there's
(12:08):
definitely a lot of time.
I don't know if you can see it,but I'm on Siri's phone.
I don't know if you can see it,but I'm on Siri's phone.
I'm on Siri's phone.
I don't know if you can see it,but I'm on Siri's phone.
I don't know if you can see it,but I'm on Siri's phone.
(12:47):
I don't know if you guys wantto do a stop.
I can see if there's.
You know if there's resourcesfor, like, you know, just for
the?
You know, like your lastconversation, yeah, so I do
think there's a lot of people.
Let's see what happens.
(14:09):
And once again this is not a andonce again this is not a
political debate.
But I do think that there's alot of optimism.
Not everybody, a lot of peoplehave seen it.
They're not happy about it, buta lot of people are optimistic.
Once again, we have reflectedthis in the spending in the
stock market.
(14:29):
You know investing, right.
So when there's optimism,generally, the marketplace is
not at all that financial space,it's the market, the real
estate.
So yeah, I think that peoplelive with that no-transcript.
(14:54):
There's a financial securitybuyer.
(15:25):
Especially if you're buying a50-billion or something like
that, you're going to livecellared.
They are motivated it's notlike it's your fault at all but
obviously don't decide to acceptit because it's fine, right,
they're not doing that for theirhealth, at least not here in
the pocket.
They definitely don't care.
Maybe in Florida, maybe Arizonaor Texas there's certainly a
(15:46):
different seasonality but forsure don't want to put their
health at Christmas time January.
Maybe it was all our taxes,there's certainly different
seasonality, but for sure no onegrew their house at Christmas
time January.
Let's do it, that's great.
So you know, as a buyer, you'rewalking with it.
So I guess the fact that thatperson's own house if you're
starting to go to the kitchen,that person's own house
(16:08):
motivated people and there arepeople who have fired as well.
So it's a great time to getwith people, but yeah, that's
what happens.
It affects how long.
(16:35):
I think we'll make it some ofthat today.
Thank you.
$5,000 discount $5,000 discountthat sounds really great.
You're going to say this is notfunny.
I get all that, but I think theseller credit is probably.
(16:58):
Especially if you're a buyer orsomeone who's very
budget-friendly, the sellercredit is probably great.
Or to sell a credit card thoseneeds you know.
To sell a credit card, that'sgreat, but you know hundreds of
dollars in projects, it's a cost, it's a frozen cost.
(17:19):
So it's really pretty difficultEven with that.
You know I've had multipleclients that have done something
like that.
I've done it with kids.
That you know I've had multiple.
But that is, there's a way.
(17:40):
There's a way to set that up.
Um, I would try to find thatpotential to provide a product.
That's a great idea, yeah, so Ithink, yeah, clients as a
(18:10):
seller, I would say be prepared,savvy buyers, they might want
to negotiate with you and if youhave to negotiate.
I think that's another purethought.
Again, yes, your buyers, no.
(18:47):
So that's my job.
A lot of things.
I'm trying to figure out whatI'm doing.
What do you speak?
Yeah, I think I'm trying tofind a better place to move them
.
I'm trying to figure out what'sin the room, but it's nice to
be back out there with somepeople there.
(19:08):
Let's start.
You know, right now, right now,right now, right now, right now
, right now, right now, rightnow, right now, right now, right
now, right now, right now, wehave now the number of cases of
(19:32):
COVID-19 is now 452.
Now we are looking at thenumber of cases of COVID-19.
(20:06):
I don't know, know the electionis over or happens.
Yeah, yeah, so yeah, okay.
(20:37):
Well, thank you so much for yourtime today, our guests, perhaps
anything else that we couldcover that we don't want to miss
out on.
You know, there was a littlething.
Now I have to.
I have to Because that's adollar, a dollar and that's the
(21:24):
number of people that are betterthan you.
You're going to have no betterassociated with it.
(21:58):
So I doubt there's somesub-categories of that where you
could be able to pass the mathlike you are, but all I have to
say is that an agent will notgenerate that kind of rate that
it is.
I also don't think that a lotof people are nervous.
(22:21):
They don't know enough about it.
So when they see it pop up,they're like I don't know how to
interact with this, which iswild, because it's really
putting my jaw on sleep.
But yeah, I just want to throwthat out there.
Just had better today.
Um, and if you're a vet, um,yeah, no, absolutely.
(22:51):
I love that you brought that upbecause I actually was going,
um, I actually was on a meetingwith a student yesterday and it
(23:12):
was like what's the bestapproach that you can like say,
if you're a full office, what'sthe best way to do it?
Well, everyone was like, oh,potential, I think I was
actually.
I feel it's the best degree ofoh, wow, wow, everybody.
(23:37):
Whenever I've never been thatway, whenever I've been you know
it's current, you know it's thethird provider I like to
(23:58):
whatever.
But like today, know, I lovethat, I like that, like I'm glad
I got to take that.
I'm glad I got to take that.
That's what I'm trying to say.
So, yeah, it's a big part of thebalance.
(24:19):
Yeah, for veterans, everythingtoo.
It's like.
You know every veteran has aveteran and you know, and being
one of the importantaccommodations for that, that's
really great, especially, youknow, if you know, if you have
something like something to dowith veterans and you know we,
we have something like somethingdoing better in the community.
(24:40):
We know they're doing well, butmaybe they're not quite like
that.
Or you know there's all kindsof various things, yeah, yeah.
So, yeah, you've got a line.
Yeah, I think that's all I'veseen right now.
Absolutely, I think that's agood idea.
(25:38):
Absolutely, we need to makesure that you are as close as
you can get to the vaccine I wasgoing to say.
I think that's another thingthat we need to talk about.
I think that's a good idea.
And I think that's a good idea.
I think that's a good idea.
We need to work with you nexttime.
I'm sorry, bye now.
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