Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello friends, thank
you so much for being here.
This is the George Real EstateGroup podcast, which is a
production of our live weeklyradio shows hosted on multiple
radio stations here inHendersonville, north Carolina.
The George Real Estate Groupserves Western North Carolina
and upstate South Carolina andit is a privilege to share
positive news about our localreal estate market and community
(00:23):
.
Thanks so much for subscribingand, of course, if you have any
real estate questions or if wecan help you in any way, be sure
to reach out.
Visit us atgeorgerrealestategroupradiocom
for more information.
Good morning and welcome to theGeorge Real Estate Group live
(00:45):
radio broadcast here on WHKPEvery Thursday morning, sharing
with you positive news aboutyour local real estate market
and community.
We're so grateful to be herewith you.
We're going to have an excitingconversation.
We have a special guest herewith us this morning and I'll
introduce you to him in just asecond.
But before we do that, ifyou're tuning in for the first
time ever, the George RealEstate Group, we're located in
(01:06):
Flat Rock, right next to theFlat Rock Bakery, hubba Hubba
Barbecue, campfire Grill, theWrinkled Egg all those dangerous
places to have an office nextto.
If you want to stop by, sayhello, let us get you a cup of
coffee.
Stop in and say hello.
The George Real Estate Group.
We service all of Western NorthCarolina and the upstate,
spartanburg and Greenvillecounties.
We have an incredible group ofagents and staff and team.
(01:26):
We've had the privilege in mycareer of helping over 1,500
families with their real estateneeds.
So if you're thinking aboutbuying, selling or investing in
real estate, or even a career inreal estate, we'd love to have
the conversation.
Give us a call at 828-393-0134,828-393-0134.
Follow us online atrealestatebygregcom.
(01:48):
We also podcast all of ourradio shows.
You can find that on yourfavorite podcast platform Apple,
amazon, alexa, spotify.
Again, so much going on in themarket.
We will dive into theconversation about the market.
But again, if you're justcurious, if you're curious what
your home is worth, if you'recurious, do you sell, then you
buy, do you buy, then you sell.
If you also have yourinvestment portfolio, your real
estate, if you're curious about1031 exchanges or DSTs, I mean
(02:13):
we can help navigate throughthat.
We have an incredible team,whether it's our attorneys or
tax advisors or lenders.
You know we can help, providesolutions and love to have the
conversation with you.
We're so grateful this morningto be here and again, and we
will dive into the market.
Have a special guest with us,barry, and please forgive me, I
(02:33):
butcher your last name.
Oh well, hold on a second,barry.
There you are, get the micgoing, barry, good morning this
morning, good morning.
Speaker 2 (02:41):
My last name is
Bialik Okay, bialik, and we
talked about that.
I.
My last name is Bialik Okay,bialik, and we talked about that
.
I apologize for my.
Yeah, no problem.
Speaker 1 (02:46):
For that, but so
grateful to have you here, barry
.
Let's back up and share withour listeners.
You've been here in westernNorth Carolina for how many
years?
Speaker 2 (02:55):
now Since 2005,.
So 20 years now.
Speaker 1 (02:58):
That's incredible and
, like so many people, you fell
in love with the area and you'rea small business owner.
Yep and you got involved in theaffordable housing world.
Speaker 2 (03:13):
Yeah, you know, what
I noticed when I moved here is
how it was so hard forentry-level people to find
housing in town, and so, inAsheville, I chaired the
Affordable Housing Committeethere for many years, and what
we're trying to do is be able tocreate housing that people can
afford, because they just can'tthe average person.
It's so hard to live here, andwe're trying to do our part to
(03:35):
make it easier.
Speaker 1 (03:37):
And that's true again
Western North Carolina, but
you've been specifically workingin the Asheville area.
Speaker 2 (03:42):
Yeah, I've been in
Asheville.
Speaker 1 (03:44):
But you've been
specifically working in the
Asheville area.
Yeah, I've been in Asheville Insix years.
If I remember you said you wereon the Affordable Housing.
Speaker 2 (03:49):
Committee.
Speaker 1 (03:49):
Yeah, I learned a lot
about the back end of how city
government works, and some ofit's pretty some of it's not, it
is, but it's a reality that Imean so many other parts of the
country, but again, you've beenadvocating for it here locally.
Speaker 2 (04:05):
Yeah, you know.
So, to create affordablehousing, what most governments
and most people do is they tryto push just the money lever
more, like, well, the governmentwill give us more money or, if
we need subsidies, we can buildmore housing, when the reality
is there's so many things we cando to make housing more
affordable.
Governments can change thezoning rules, we we can build
houses more efficiently, we canput more houses on the land that
(04:26):
we have, and then we can lookat the financing.
So what we try to do is we'reworking on trying to pull all of
those other levers to bring thecost of housing down so we
don't have to just whine aboutnot having like subsidies to do
it.
Speaker 1 (04:39):
Well, okay, let's
back up though the cost of
housing is a function of supplyand demand yes, but back up
though the cost of housing is afunction of supply and demand,
yes, but even when you're thishas been a challenge here, just
in general, for our community,yeah, regardless of the market
yeah and you know and here'swhat you know what land is
really where things start right.
Speaker 2 (04:58):
So so what?
The way the zoning works forland is like.
If you've got a building lotand you can put one house on it
and there's a lot of demand forthat building lot, then that
brings the cost of that land up,and the more expensive the land
is, the house has to be moreexpensive on it.
So what we try to do is come upwith ways that you can put more
houses on the same pieces ofland.
So basically, instead of havingone piece of land that you
(05:21):
build a 5,000-square-foot houseon, take that same piece of land
and let us build three1,000-square-foot houses on.
Speaker 1 (05:27):
Which again opens up
more product for the consumer,
which brings the costs down andagain allows people to get into
the market.
Speaker 2 (05:35):
Yep, it's all simple
supply and demand.
Speaker 1 (05:36):
So you've been
advocating in not only Buncombe
County but Henderson County forsome changes.
Speaker 2 (05:45):
Yeah, you know,
through Asheville we went
through a two-year process tochange some rules and I was at a
meeting and had both the Johns,the county manager and the city
manager for Henderson Countyand Hendersonville at a meeting
I was at and they're listeningto what we're doing and one of
them says to me I don't rememberwhich he's like we need your
(06:05):
product here in Hendersonville.
And I said, okay, I'll try it.
So I came and we actually likepurchased a property and we
realized we're like, well, Ican't do this because your rules
don't allow it.
So they said, well, how aboutwe try to change them?
So we worked with the planningdepartment of Hendersonville.
We, our company CompactCottages, petitioned to change
(06:27):
the rules to basically make iteasier to build more workforce
housing in town and instead oftwo years in Asheville here in
Hendersonville we did it in fourmonths.
Speaker 1 (06:36):
Incredible.
Speaker 2 (06:37):
What a great group of
people.
Speaker 1 (06:40):
And they see it at a
high level the need for
affordable housing.
They see it at a high level,the need for affordable housing.
Now let's also back up andwe'll continue that conversation
.
Because you mentioned, peopleare going to say well, what's
your product?
Compact Cottages is yourcompany that has a system and
you're providing an affordablehousing product, site-built home
(07:01):
, but through systemsiencies andI mean, and you've been doing
this up in well, all over, yeahwe've been building.
Speaker 2 (07:10):
We've been building
homes, um, you know, for
workforce level housing, um inAsheville for probably, you know
, 17 years.
And so what we do again in thisidea of the things you can pull
to bring the housing cost down,our company focuses on that
construction efficiency.
So, instead of building, wedon't build low quality homes.
There's nothing about walkinginto our home that anyone would
see as low quality, it's just webuild.
(07:32):
We have no waste because webuild part of our things offsite
, which means if someone'sbuilding a house, 20% of all
that lumber ends up in thedumpster.
Really 20%, yep.
Go to any job site and you'llsee dumpsters filled with lumber
.
Speaker 1 (07:50):
It's a major waste.
What a waste.
Speaker 2 (07:52):
So not only is that
builder having to buy 20% more
lumber, but then they're havingto pay thousands of dollars to
dump it Right.
So by systems building, andthat means we're still
site-built homes, but we buildour walls off-site.
We build bathrooms off-site.
That means when we built likewe built in a 10-day stretch, we
(08:14):
built 12 houses in ourwarehouse and we had no waste
that needed to go to thedumpster.
Speaker 1 (08:19):
That's amazing, yeah.
So which ultimately again getspassed on, gets passed on to the
buyer, to the buyer, yeah.
Speaker 2 (08:25):
So which ultimately
again gets passed on, Gets
passed on to the buyer, yeah.
Speaker 1 (08:27):
Yeah, it gets passed
on to the buyer.
And so you've been creatingthis product over years of trial
and error and learning, andyou've built hundreds of homes.
Speaker 2 (08:36):
Yep, yeah, we built
about 350 houses and the idea is
we try to and we also reallywant to make it like the whole
new construction process, soit's not overwhelming.
So is we try to and we alsoreally want to make it like the
whole new construction process,so it's not overwhelming.
So we really try to streamlinethis, meaning even on our
website.
Just like you can go and designyour forward Ford Mustang
online, you can actually go toour website, pick out which
(08:57):
house look at, you know, choosethe color of it, decide what
kitchen cabinets you want themto look like, and it prices it
as you're going, and then we'llput that on your land or on land
that we can help find.
Speaker 1 (09:09):
And so when, again,
the challenge has been, in
addition to the constructioncosts, which I mean the numbers
that we hear from custombuilders, I mean it's staggering
when people are looking at thecost of construction, the cost
of land, and again, it's onething to go get a lot, and the
(09:30):
current zoning allows certaindensity a certain number of
units, certain setbacks and allthat stuff.
But you have found again you'vebeen advocating this in
Buncombe County and again, whattook you two years in Buncombe
County, you accomplished in fourmonths, four months.
In Henderson County.
Speaker 2 (09:46):
Yeah.
Speaker 1 (09:47):
Let's talk about
these.
Are this reduced pole flag lots, right, yep, small lots, yes,
and I'm going to go back realquickly though.
Lots, yes, and I'm going to goback real quickly, though.
The hendersonville strategichousing committee report said
they're going to they.
they reported that there's goingto be a need of 10,000 new
housing units needed over thenext five years it's not amazing
(10:09):
2,000 of these are going to beneeded for low to moderate
income households, and it's thisworkforce and attainable
housing that makes room forthese capital a affordable units
within the larger housingecosystem.
Talk, talk to those points yeah, absolutely we.
Speaker 2 (10:27):
We cited that when we
were kind of doing our
presentations that that your ownreport says you need 10 000
homes and there's no way thatyou have the land or the pace to
do that.
So what we did inHendersonville is basically, if
the lot is within the city andit's close to where there's like
sewer water, instead of havingone house to go on that one lot,
(10:53):
we created a way that if you'rebuilding smaller houses, you
can make smaller lots.
It's simple scale.
Speaker 1 (11:00):
Which again allows
the cost to come down, which
ultimately allows this moreaffordable housing.
Yeah, but you guys are doingnew construction homes for what?
$350 to $350?
.
Yeah, yeah, yes, for brand newhomes in the city site, built
with city water, city sewer.
I mean it's incredible.
Speaker 2 (11:21):
Yeah, it's amazing
what we can do and we're really
leaning on.
We've watched what.
So Durham was ahead of thecurve for changing their rules,
so they changed their rules in2019.
And Durham right now has anabundance of new construction
houses on these small lots thatare for sale for some as low as
like $275,000.
(11:42):
Really, but there's like newconstruction right now on their
MLS three-bedroom,two-and-a-half-bath houses for
$314,000.
In the city of Durham In thecity of Durham, and it's all
because of this small lot change, Wow, and so we're hoping we're
going to be able to do the sameright here.
Right, Because it's economics.
If a building lot costs$100,000, which they do or more
(12:08):
a builder, that has to be to thebuilder 25%.
Speaker 1 (12:11):
Of the cost of the
product.
Speaker 2 (12:13):
So that means that
you're starting off with a house
that has to be $400,000 to$500,000.
$400,000 to $500,000.
Speaker 1 (12:17):
$400,000 to $500,000.
Yeah, more like I mean.
Our average home price inHenderson County is in the
$530,000 right now yeah yeah, sothat's because, because the
land cost, if you had the, youknow, prior to this rule change,
I mean the lots in town were, Imean on average, $100,000 for a
(12:39):
buildable lot.
Speaker 2 (12:40):
Yep, yeah, and we,
you know, so, yeah.
So if you, if you take thatsame hundred thousand dollar lot
and instead of building whichyou could build a five thousand
six thousand square foot house,you now can divide that same lot
into three mini lots, so thathundred thousand dollars is now
split into thirty three thousandper lot.
And that's what makes thenumbers work, because I can
build two hundred and fiftyhouses all day long.
Wow, I just need a place to putthem Right.
Speaker 1 (13:00):
So affordable housing
.
Speaker 2 (13:01):
Yeah.
So now, now someone can come tous and like a two bedroom house
.
We can.
We build two bedroom houses aslow as like $225,000.
Speaker 1 (13:10):
Wow.
Speaker 2 (13:11):
So then you put them
on a land that's like 30, 40,000
.
So now we've got newconstruction homes that are, you
know, like in that two, 50range and then construction
homes that are, you know, likein that 250 range Right.
Speaker 1 (13:22):
And then
three-bedroom homes are, you
know, in the 300 range which,again, prior, I mean just hasn't
existed, I mean in our area,affordable, especially, you know
, affordable housing, much lessnew construction, yeah, yeah.
And so the thing that thisaccomplishes on the other side
of the coin is the lendingproducts, because these are
single-family homes on their ownlots with city water, city
(13:44):
sewer.
These are perfect products fora consumer.
When they're going to get agovernment loan, they can get an
FHA loan on these completed newconstruction houses.
I mean there's all types ofloan programs that are allowed.
Again, it's getting people intohomes that are affordable.
Speaker 2 (14:06):
Yeah, and it's not a
condo loan, because generally,
like a lot of places go tocondos for how to make housing
more affordable, but a condoloan.
Speaker 1 (14:13):
As you know, they're
harder to get and interest rates
can be even higher with thecondos as well.
Well, so the other piece ofthis is not just a small lot,
but if you're listening and youhave a large lot in the city,
you can do what's called a flaglot.
Can you explain a flag lot?
Speaker 2 (14:31):
so what?
So what that means is like solots, there's the way zoning
works that there's, there's lotsizes and then there's like the
frontage, meaning the amount ofcertain, the amount of road
frontage that's needed forhaving a house and generally
that's what limits, like howmany houses you can put, as much
as the lot size.
So with these flag lot, thesereduced pole flag lots, meaning
(14:51):
that if you, if you create, it'salmost, they really look like a
flag flag with a flagpole.
Speaker 1 (14:57):
Yeah, and so which?
They're a dog like we.
Yeah, I mean, it's a flagpole,yeah, it looks like a flagpole,
yeah it looks like a flagpole.
Speaker 2 (15:03):
So what you can do a
reduced meaning that if you're
going to have a shared drivewaylet's say if you have a shared
driveway and that's going to gotowards the back of the lot, you
can then that driveway would bealmost like the frontage.
There would be severaldifferent lots with mini
frontage on them.
So what it's doing it'sallowing one shared driveway off
of a property to then accessthe lots that are in the back
(15:25):
that otherwise they're kind oflocked up.
Speaker 1 (15:27):
They weren't
accessible.
Yeah, I mean homeowners couldhave maybe an ADU in the back on
their own parcel.
Speaker 3 (15:33):
Sure.
Speaker 1 (15:34):
And maybe they were
renting it out.
But again, this allows for aseparate parcel in-launch so
this has been approved in thecity of Hendersonville.
This zoning is currently inplace.
Speaker 2 (15:46):
It's a go.
That's amazing.
And your point on ADUs is likebecause ADUs are touted as they
could be a great housingsolution, the hardest part about
ADUs is the financing.
Be a great housing solution,the hardest part about ADUs is
the financing.
It's because if you have ahouse and you want to build an
ADU, you can't get a separateloan for it.
It's tied to your main houseand what this tool does is
(16:07):
basically creates a way that now, even if you just wanted it to
be a backyard ADU house, thiscreates a way you can put a
separate financing path on it.
It's on mortgage.
Speaker 1 (16:17):
It's on mortgage yeah
, so that's like that's
incredible.
Speaker 2 (16:20):
Yeah, so as much of
the change it helps the, as much
as it helps create housing.
It also makes it easier forpeople to do ADUs Right, because
it creates a financingmechanism that didn't exist.
That didn't exist beforeBecause lenders weren't going to
your main house and yourmortgage that you had on your
current mortgage yeah, so thisallows you to put a whole
(16:40):
separate mortgage on.
Speaker 1 (16:41):
Isn't that wild.
And if you already own theproperty and that land is free
and clear, you could actuallyuse that land as the down
payment for the financing.
Speaker 2 (16:51):
Yeah, we've been
doing that with people for years
that you literally createequity that didn't exist.
Because if, right now, if youown a house that let's let's
just use a hypothetical $500,000house you own a $500,000 house
here in Hendersonville on apiece of land an appraisal is
going to say, okay, your houseis worth $500,000.
But guess what If you divideoff your backyard into two lots
(17:14):
in the back?
So now you've got your houseand now you've got these too
many lots.
You know what the appraisal isgoing to say your house on your
your, your house on your frontlot is worth probably still five
hundred thousand dollars, stillfive hundred, and now each of
those lots is worth, you know,fifty, seventy, five thousand
dollars.
Speaker 1 (17:30):
So you've now, you've
basically instantly created 140
000 of equity equity out ofnowhere wow, because of these
new yeah, new zoning, yeah, andand zoning.
And it's like that's amazing.
Speaker 2 (17:42):
And then you're right
, you can use that equity as the
down payment for building.
Speaker 1 (17:46):
You could, then you
can keep it as a rental or you
can sell it off.
I mean, there's so many optionswith that.
Speaker 2 (17:50):
Yeah, and what I love
is it helps, like one of the
people we're working with inHendersonville.
This lady who lives here inHendersonville.
She's trying to help anotheranother person to build a house,
and now these rules are goingto allow her to do this.
Wow, yeah, it's.
It's amazing, like that, howthis, this opens up that we all
want to help.
Yes, we really do yeah and thisis a tool that allows the
(18:13):
individual to help isn't it,it's, it's empowering it is
totally and again.
Speaker 1 (18:18):
Uh, creating an
opportunity, affordable housing,
something I haven't talked toyou about and I'm going to put
you on the spot on the radio.
Is there any downside?
I mean, is there any negative?
Did you get any pushback?
Are people saying, oh, there'stoo much density, but this is
part of responsible growth?
Sure, there's just part of this, again, a conversation you and
(18:41):
I haven't had.
Yeah, yeah, I hope it's okay totalk about it.
Speaker 2 (18:44):
Yeah, yeah, no, I'll
share where it comes from In
Asheville.
Yeah, I mean, that's why fortwo years it was delayed.
And the conversation is reallyabout will this create
gentrification?
Will this make people notafford to live there anymore?
Interesting make people notafford to live there anymore.
And the counter side of that iswhat it did in Durham is it
actually created wealth for thepeople who have owned the
(19:06):
properties for a while?
And if your house was, if youowned a house and you didn't,
and it was in disrepair and youcouldn't afford to fix it, this
you're able to sell off thebackyard and now fix up your
money to put back into your ownhouse, to keep you in your home
yes yeah, and then also, whenyou improved your home, you're
creating more equity and wealthfor your family yeah, yeah.
(19:27):
So really the pushback, and theonly thing we got here was we
didn't really get much densitypushback, because most of these
lot like where this rule isgoing to change the most is
where there already is watersewer, where it should be.
It should be denser, likebecause of the utilities or the
city utilities are already inplace yeah, like this, this lot
that we're going to be buildingon, you can walk to party
hospital from it and I couldhave only built one or two
(19:50):
houses and it's like.
This makes no sense, right, Ican build, I can build a
hospital on this property, but Ican't build a few houses.
So so it was a good.
It was a good model.
This is like you can walk tothings, but this is not best
meant for one house.
Speaker 1 (20:04):
The highest and best
use was not just for one house,
Correct.
So again, because of the zoningchange, Because again there is
a process in place where you canappeal zoning one at a time.
This is like how things havebeen.
I mean, if you want to dosomething different than what's
allowed, you can appeal for avariance, and again that's just
(20:25):
not efficient.
If we're going to see change,if we're going to see change and
offer more affordable housing,so again, changing it from the
top down.
Speaker 2 (20:34):
Yeah, it's a way to
change it.
It's a way to change the system.
It's a way to change everything, because it's just doing it one
at a time is only helping youRight.
And if our goal is to try tohelp community and to give the
tools to everybody, then this isthe way to do it Not an
individual zoning change, but tochange the rules Right.
(20:54):
So in Asheville we have notdone the GIS study here in
Henderson but we will.
But in Asheville the zoningchange, just the changes for
this reduced pole flag lot andthey actually were not near as
like the change in Asheville ismuch smaller than what happened
in Hendersonville, but the onein Asheville just that change is
going to be is opening up theability to create 10,000 new
(21:17):
building lots.
Speaker 1 (21:18):
Wow.
Speaker 2 (21:19):
That's enough to
shift the market.
Yes, well, when you?
Speaker 1 (21:21):
talk to shift the
market.
Yes, well, when you talk aboutshifting the market, you're
talking about supply and demand,right?
Speaker 2 (21:25):
I mean like because
yeah, it's a way and that's
really what I've observed inDurham.
I mean, that's why I keepleaning on Durham, like Durham
it's a case study there inDurham it's a case study.
Speaker 1 (21:34):
Yeah, the small.
Again, they did their report,the report I saw here in the
city.
In October 2019, the city ofDurham and Durham County
approved the United UnifiedDevelopment Ordinance and they
expanded the text amendment wasfor expanding housing choices,
specifically to create moreaffordable housing in their
(21:54):
urban area, and it was allowanceof duplexes, the small houses,
the small lots.
Again, this is, and again, thechange that happened in Durham.
And again, what a case study.
Yeah, absolutely, and this iswild.
And again, only Durham wasdoing this.
(22:17):
Chapel Hill, Raleigh.
Speaker 2 (22:17):
I mean they're not.
No, they didn't do it the sameway and it's like the really
like.
I used this when I presented toI think it was Hendersonville,
so the council, the planningboard.
The simplest thing I brought itdown to is I pulled up, I
pulled up realtorcom and I saidthis is realtorcom for for
Durham, for nuke for houses lessthan like.
(22:38):
I think it was like less than400 000 in.
So durham had, let's say, 26.
Um, I pulled up in asheville.
You know how many asheville had, zero wow you know how many
hendersonville had?
Speaker 1 (22:51):
I think one well, I
mean, I can even just tell you
real quickly single family homes, uh, single family homes, and
you're saying new construction?
Yeah, under 400,000?
Yep, under 400,000 newconstruction?
Oh, right now there's six, andmaybe this is already part of
(23:13):
the expansion of what we'reseeing.
Speaker 2 (23:16):
Or if you have to
look to see if they're
standalone.
A lot of them are condos ortownhouses.
Speaker 1 (23:20):
And one is even.
And again, this is where yousaw affordable housing going.
Yeah, it's a manufactured home.
Yeah, right now for $299.
Yeah, yeah, I mean, but you'reable to do site-built homes.
Speaker 2 (23:36):
Yeah, for close to
that.
Yeah, that are new construction, so they're not.
Yeah, so they have, you know,houses with warranties.
Speaker 1 (23:42):
The financing options
for site-built versus
manufacturing is a completelydifferent ballgame, yeah, and
the maintenance.
Speaker 2 (23:48):
You know it's like,
as you know, like older houses
need work.
Speaker 1 (23:53):
Right Again.
So when you were even justshowing that example to the city
council, I mean it's just,there's just not affordable
housing.
And this is where, again, theconversation and I've had this
on the show before again there'sjust not been affordable
housing.
It's a reality that if we wantto have housing for our
workforce because we all wantour workforce here but you want
(24:14):
to give our workforceopportunities to build wealth
and to grow and to do that, havethat first home experience,
live in that, have that firsthome experience, live in it,
build equity.
Speaker 2 (24:23):
Yeah, it's the path
to ownership Right and that's
what you know.
That's what createsgenerational you know
generational wealth and andstability.
You know it's like housing.
Speaker 1 (24:31):
For the community.
Speaker 2 (24:31):
Yeah, and and it's it
allows the community to grow.
Because if we, if we just arebuilding, I mean and yeah
there's, I mean beautiful houseshere, you know beautiful houses
in our region, but the but whatcreates our community is having
the restaurants, having, youknow all of the amenities.
And they need to live somewhere.
Speaker 1 (24:56):
It's like how many
people I meet here have to live
in South Carolina.
Well, that's a very realconversation.
Even our school teachers, ourfirefighters, I mean like this
is a common conversation.
I hear we're commuting up fromSouth Carolina because we can't
afford to live here.
Right, and now the small lots,the changes with the zoning it's
(25:18):
going to your company withcompact cottages that bring the
cost down because of reducedwaste.
The efficiency you told me youcan dry in a house.
How quickly.
Speaker 2 (25:30):
So it's a
single-level house.
Actually, we can come to siteand have the roof on in two and
a half hours.
Speaker 1 (25:35):
Wow.
So what's a typical turnaroundtime from construction?
I mean, we built on a two-storyhouse, so what's a typical
turnaround time from?
Speaker 2 (25:42):
construction.
I don't want to be fair.
Yeah, I mean we built on atwo-story house, like generally,
you know it's still four plusmonths, but four months is
incredible.
But on a, you know, we'vereally had to step up with like
getting ready.
You know, with the hurricanerelief we've created some really
fast build products, so we'recreating like we actually have
small one bedroom house that ourgoal is, from building permit
to moving could be like 45 days.
(26:04):
Really yeah, that's incredibleyeah, I mean the need is
incredible here from.
I mean it was bad before forunattainably priced housing, but
now with the storm, like theamount of people who are, you
know, still in FEMA trailers orstill in houses with tarps, or
they just have vacant land leftand you know we're trying to see
where we can, you know, plug into help that.
Speaker 1 (26:24):
Yeah, and all of this
comes from?
I mean you are just passionateabout this topic.
You're passionate aboutaffordable housing.
I mean you personally had yourown story in growing up with it
and then you're I mean I love itAgain.
It's this passion for helpingthe community, for making a
difference.
I I also think capitalism is ais a solution for a lot of our
(26:47):
sure yeah yeah it's inconjunction with the government.
I mean like the cooperation,and you're advocating for
changes, and then I mean it cameto fruition.
Speaker 2 (26:57):
There's a lot of
company.
You know, it's like the whole.
There's the term, the triplebottom line, which basically is,
yes, companies, companies needneed revenue to succeed, but
they can also do good whilethey're doing.
That's right and that's whatwe're.
You know, that's what we'retrying to do, good yeah, that's
amazing.
Speaker 1 (27:12):
Well, barry, we're so
thankful to have you here with
us.
Speaker 2 (27:15):
Yeah, thanks for
hosting love the conversations.
Speaker 1 (27:17):
Thank you again.
You literally advocated andfacilitated the change here in
the city of hendersonville, yep,and, and you can go online with
the and call into the the cityhendersonville planning
department.
I mean, if you have a lot, orif you, if you're curious, if
you're a lot, or if your housemight, uh, can work within these
new rules.
Speaker 2 (27:37):
Again, it's something
worth having the conversation
yeah, yeah, people can reach outto you or to us.
We have a land planner on staffand we help people kind of
figure this out.
Speaker 1 (27:46):
That's amazing and
people, I'm sure, are curious.
What's the website for thecompact cottages?
Speaker 2 (27:51):
It's
compactcottagescom.
Okay compactcottagescom.
Speaker 1 (27:54):
You can literally go
on there right now and, like you
said, pick out your coll colorsand your floor plan and I mean
it's, it's an incredible pricesthat as it goes, yep, and then
again we can help you find theland here, or maybe you already
have the land.
There's so many options.
And then our, our lenders thatwe work with, you can use
traditional financing for thisproduct, but again, it's a
solution for affordable housing,you know, here in
(28:15):
hendersonville.
So, barry, thank thank you.
Thank you for the conversationand thank you for advocating for
affordable housing in thecommunity.
We podcast all of our radioshows.
We're going to be podcastingthis here today.
Again, thankful for theconversation with Barry.
If you're curious about moreany of this, give us a call,
828-393-0134.
Find us online atrealestatebygregcom.
(28:36):
And again, if you're curiousabout buying or selling or
investing, or whether it'scommercial real estate or land
development, or thinking about1031, exchange or selling, maybe
your estate property, orthinking ahead, however, we can
help you.
We love serving our communitythrough real estate, give us a
call, 828-393-0134.
Oh, tomorrow morning, 845,.
(28:58):
We sponsor the Hometown Heroesseries.
We're here every Friday morningat 845.
David Weintraub, who's about topremiere his latest movie,
hendersonville, commemorates the60th anniversary of the
integration of our schools here.
It's a new film documenting theBlack community's thirst for
(29:20):
education, called Color Beyondthe Lines, and we're excited to
have David in here tomorrowmorning.
This is going to be premieringJune 21st and so grateful for
David what he's doing in thecommunity.
We're going to have thatconversation tomorrow morning at
845 as we sponsor the HometownHeroes series.
Thanks so much for tuning inthis Thursday morning.
(29:42):
Have a great day, have a greatweek and we'll see you tomorrow
morning.
Thinking about estate planningfor your real estate.
Without a smart approach, theproperty you leave behind could
become an unwelcome burden foryour kids.
Many children simply don't wantto co-manage an inherited house
or deal with the tenants.
Fortunately, you can preventthat with the right plan.
(30:04):
The George Real Estate Groupspecializes in tax-efficient
strategies like 1031 exchangesand Delaware Statutory Trust to
simplify inheritance and incomeplanning.
A 1031 exchange can defer yourcapital gain taxes now and help
your kids avoid a big tax billlater.
And a DST lets you continueearning rental income without
(30:25):
landlord headache.
Plus, it can be split amongyour children, making
inheritance easier.
Planning ahead is one of thekindest gifts you can give your
family.
Let us help you secure yourlegacy.
Call the George Real EstateGroup at 828-393-0134 today.
You've worked hard to buildyour legacy.
Now let us help you protect itfor your loved ones.
Speaker 3 (30:47):
Thank you for
listening to the George Real
Estate Group podcast.
Tune in next time for moreindustry news updates and real
estate tips.
You can reach Greg, the GeorgeReal Estate Group, at
828-393-0134 or atrealestatebygregcom.