S2 E35 | Real Estate Realities: Navigating Today's Market with Manny Manna - Happy Hour Holidaze

Episode Transcript
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Sean Febre & Manny Febre (00:00):
Right, all right guys.
Welcome to another episode ofHappy Hour Holidays, your go-to
podcast for business,entrepreneurship and life
stories.
I'm your host every single weekManny Fresh, we got the resume,
sean Fabre co-host.
And in studio today we got theultimate capitalist, the man who
wears many hats over here.

(00:21):
He has Manna Homes, he hasprivate equity.
He's got everything under theumbrella to make money.
The ultimate hustler, mannyManna.

Manny Manna (00:32):
Thank you guys.
How's it going today?

No, man, it's not going too bad.
Man.
You know, we got our newpodcast studio, so we're excited
to be in this bitch.

I love it.
I was about to bring that up.
I was like, how do you?

get through that whole intro without
you know talking about this.
Well we're definitely in FebreFramework Studios.
We're going to have a nice signup there.
This is going to be the newFebre Framework Studios and
we'll have many podcasts here.
If you do want to start yourown podcast, you can reach out
to us and we can do aconsultation and see if you
could do your own podcast andthat we would help you run it

(01:11):
through all the platforms andeverything, so please reach out
uh happy hour holidays and wecan help you with that.
So many definitely would endorsethat.
So many uh, let's just go.
You know something that's veryinteresting and I always hear
everybody talking about what'sthe state of real estate
currently?
Right now, with the interestrates and everything, what is
your take on the state of realestate currently?
I mean?

Oh right, I love it .

I mean , it's a good first question.

You know, because I see, you know, every morning I
watch always the morning newswhile I'm getting ready to go to
the office, right, and there'salways a segment talking about
that.
Yeah, you know so let's getinto it right, because I always
I have a much bigger diff, muchbigger.
How do I say, uh, opinion rightof some of these so-called

(01:57):
experts that they bring on?
Yeah right, I know that you,you know you guys are part of
the old guard and I respect that.
I do Most of y'all I do a lot ofbusiness with and we're on the
same boards and committees, butyou're also the ones that have
excelled in your careers andhave continued to learn more,

(02:43):
and those are the same ones whoprobably you've worked with my
grandfather or other members ofmy family, but nonetheless, it's
the other ones that aren'treally part of the association
really aren't driving anythingtoo much, but make these huge
statements and hasn't gone afterany kind of CE certification
designation, anything that to mewould validate skill.

So what do you?
So you're going off ofinformation and education that
you learned.

20 years ago, or what they may have learned on
like Instagram or TikTok andtook it as fact.

Oh, I love that, and you see a lot of
people parodying and a lot ofthese reels are fake.
Oh yeah, they're not even realand people don't even take the
time.

Open up this LLC and you'll give you $10,000 or
$100,000 credit line.

Which blows my mind that people are
actually doing that.
They don't actually take thetime to research what was in
that video and see if it wasfake or not?

No, you know.
What's funny about that is that.

I'm assuming those are the people
that you're talking about theones with the biggest opinions
and the least amount ofknowledge.

Yes, and the least amount of knowledge.
Yes, yeah, and they love toportray how successful they are,
right and what they're teaching, but that's not how they make
their money.
They make their money on whatthey're teaching, which is
bullshit and disinformation.

Yeah, Well, they're making their money
on views, so they'll just saywhatever the hell they have to
in order to get the views.

What's better than clickbait?
You know clickbait, yeah,clickbait.
You know clickbait, yeah, yeah,click.
Right then on that.
You know, first little shot ofthat, real, you know, to promote
it.
You know, hundred thousanddollar credit line, right for
new llc, every.
You know the economy's hurtingman.
People are fucking doing somedesperate ass shit and we can
get into that later.
You know I'm saying right, justfor a fucking paycheck.

(04:03):
Yeah, people that I would havenever expected, breaking fucking
ethics, principles, shit, eventheir own morals, right, just
for that paycheck.

That's when you've lost light
altogether and what you're doingso is that what you, what you
meant by the state of realestate?
That's where it's at right now.

I think right now you're going to see a massive
transition right and you'realready seeing it right like a
decline in prices or I mean likeyou're going to see it.

Do you see the interest rates
adjusting at all?
Or are we seeing like a prettystable?
You know, right now I thinkthey're about 7.25 or 7.
I mean, are you gonna, are wegonna see anything better than
that rate right now?

I don't think, even if we did, even if a half a
point was given by the Fed, it'snot going to make a difference.
Our tariffs, see, and this iswhat everybody doesn't
understand, right, I love?
You know all respects.
You know quite a few of y'allprivate equity money managers,
vcs.
You know that heavily arefocused in more real estate.

(05:08):
And then all you investors,they come along and, you know,
come to people like me forprivate equity or even hard
money, and blah, blah, blah,blah, blah.
And now we fast forward sixmonths to a year later, and now
we're here and all of them arein foreclosure for some reason

(05:29):
what do you think about the big,massive gains that these
private equity firms have doneby purchasing up houses in,
let's say, tampa?

and now a lot of the houses aren't
affordable because they jackedup their appraisal values by
selling them at?
A ridiculous rate during covidand now people who do want to
purchase a house cannot purchasea house for the simple fact
that the value in Tampa has justincreased astronomically over
the last four years.

It has.
And now, if you look, you'llsee all my data right In the
software that we've hadcommissioned, you know, to get
built.
You'll see three to 4% you knowwhat I'm saying and a lot of
different markets of a decline.
You're, you're going to rarelysee a big appreciation and I
like to factor in three or 4%,you know.

Tampa is up or down, as a margin of
error.

You know what I mean With all these builders
that came in, you know.
You know.
You know there's a couple of myreally respect.
You know, uh, cigar citybuilders.
You know with danny gert, youknow danny garcia, and shout out
to him excellent building.
You know I'm saying it's pricepoints on point.
You know, within the area thathe's keeping that which is cool,
tampa, I'm assuming, yeah southtampa, the bay shore area, all

(06:42):
that you know, and which shit.
If they were selling the housethat was there prior for the
same fucking price?
Right, that he just built onethat's twice the size and built
better, I mean, I don't seeanything wrong with that.
But if we're going to talkabout the bigger picture, right,
and to answer that questionreally with a better explanation

(07:02):
and longer, no one is factoringin macroeconomics.
No one's factoring ineverything that trump has put
into place when he came in, forexample, politics, the tariffs
okay, all right.
You want to talk about homeprices?
Okay, well, what do you getabout the tariffs?
Okay, and people again, don'tfactor this in, right.

(07:26):
We're getting stuff in frommultiple different countries.
Okay, some of the ones that areour biggest ones?
Right, are the ones we have thehighest tariffs?
Okay.
Now, if you want to get down tothe bare bones, of anything.

Are you talking about building
supplies there?

you go Okay, the manufacturing right of it,
because now we're importing itin.
And then we're talking aboutlogistics and everything is just
skyrocketed becauseeverything's now got to sit
there.
All these new, all the shippingcontainers that have come in
since these you know policieshave been put into place, are
now sitting there and the ownersof these corporations are

(08:02):
having to eat massive dock feesevery month.
And I know this, becausegetting in this is why I'm
getting into this is because ofthe infrastructure.
What we got to have aninfrastructure right whenever
we're building new construction,right, that's the biggest part.
If we don't have that, thenwhat are we building?

What percentage of imports are
actually building homes inAmerica?

Honestly, that number I wouldn't know off the
top of my head.

Well then, I guess you can't really
make an argument that thetariffs are oh I can Are
impacting house fee or housevalues, when you said that they
were decreasing Everythingeverything you got to remember.

There's not just one variable that'll fucking
influence something.
Okay, right, right now we'reseeing unprecedented things.
For example, last year electionyear right, historically
interest rates go down.
Did that happen?
No, why was that?
We set a fucking precedent.

(09:08):
It defied every politicalseason.

So you're saying Biden economics
didn't work?

in the last year of his presidency.

Sean Febre & Manny Febr (09:17):
Causing massive a 40-year high in the
inflation rate.

I think a lot of things that both parties have
done have caused now for us tobe where we are.
Well, listen, if you can blame.

Trump for one thing you got to blame
the other president for theother.
Oh, I do, I do as inflationrates were at a 40-year high.

I think Biden could have done a lot more when he
spent a tremendous amount of USdollars right Taxpayer money,
sending it overseas without anyfucking oversight, or let me
take that back there was withoutany paper trail until somebody
decided to bring in right athird party, right forensic, you
know, accounting and uh,everything else right for

(09:56):
full-scale audit, everythingthat went over to ukraine.
And again, I'm not notsupporting the war and our help,
but I believe that there shouldbe limitations and that blank
check while Biden was in officeand giving out.
I have a fucking problem withthat.

You know what I'm saying?
There's kickbacks, man.
I mean, if you're going to givesomebody some money, you're
like hey, man, I'm going to giveyou this amount of support,
Right.
Although the real question isthat 40% of of it.
They don't know where it wentexactly.

Yeah that's a big fucking number, right yeah we
know where it went we're talkingabout billions of dollars.
We have handed over, if nothundreds of billions right
hundreds of billions, and thenwe got 40% of the shit that we
sent missing, missing.
Where did it go?
All right, where'd it go?
Well, I'll tell you whathappened.
Oh, I know where.

Because of this kind of money printing,
inflation occurred Right.

You know when a lot of fortunes get made during
wartime, of course Duringpolitical, and we're not just at
other wars, we're having apolitical war right, fucking
here in our own home.
And it has gotten so bad Right,I got people.
It has gotten so bad right, Igot people coming after me
anonymously.
What for, if you can?

get into that.

I'll get into it.
I'll get into it a little bit.

I love it when they do it anonymously,
because you know I mean come on, man, just do it straight up,
ain't nobody going to kill you.
But if you got the balls tosend a piece of paper, I mean.
See, because here's what theyforget the United Healthcare guy
got it right.

You're going to know who it is.

at the end of the day, when you see
the day of Gorton, it's going tobe like oh, there's the name.

Well, here's even bigger right.
Check this out.
We've already filed litigation.
Okay, right, and even thoughit's been sent anonymously every
time I got this, it's a fuckinghard word.
Anonymously every time.
There is no reason that I can'tfile a civil suit anyways, not

(12:01):
even having 100% confirmation,because it's a civil suit.
Now we have enough right toknow, right, and then because of
the circumstances, of who thesepackages were sent to, right
and how they were fabricated,right.
They committed numerous felonies.

(12:21):
So you know, maybe they'rewatching, maybe they're not.
I know they stalk my socialmedia and I'm transparent about
everything.
The one thing I learned overthe years and Manny number two
of years known me since you know, we're in our forties now,
since our early twenties.

Yeah, I would say you're 40, manny,
number two, I'm getting close.

I'm turning 38 this year.
I was the.
We were the OGs, I guess.
Yeah, OGs you know you came inright behind everybody else that
cemented it, and that was thelast of that generation, bro.

Yeah, it was.

I mean because you're only three, four years
earlier than the rest of us.

I mean you were with us.

Yeah, I know you just came in after we took it
over.
That would have been in 2006.

Yeah, I graduated in 06.

Yeah, really yeah, because that's when we all, back
in the day, as promoters, gotbig enough to buy off the
companies that we were workingfor.

I was still in high school.

Yeah, but you got the Mr Manny number two over
here, got the high, good I likehow you love calling me number
two.

I love it, man, I mean technically
you're older than he is, so thatwould mean you were born first.

I turned 42 yesterday actually.

Really , I believe it Cheers to that
baby.
Thank you, thank you.

While I was at war all day.
Oh, I know right.
Right.
Got to love it.
But you know what?
It really showed me that I'mdoing something right Because
you're withholding right all theother documents right.
That shows that everythingthat's been done has been to the
benefit of everybody else andnot ever for a financial gain.

Sean Febre & Manny F (14:06):
Ultimately , if you don't have haters, then
you're not doing anything right.
You do another right.

Yeah, oh they they brought up every one of my
committees, right, every boardI'm a part of.
Right, they're, they're they'remaking, they were calling us
big name people, right, andthese are just allegations and
accusations, right, that's whatit always is until proven.

(14:30):
I love it when you send it tous anonymously, but you know
it's bullshit and we're not evenafraid because we know who you
are and if you had something,because if we were doing
something, you just go to theAG's office.

So how do you combat that then?
How do I, how would, how wouldyou?

oh, I'm coming on here just to let everybody know
that I already know a little bitcloser yeah coming on here.
One thing I mean.
I think you, you know me longenough.
I play the rules, you know,politics is not the never clean.

It's definitely never clean.

Especially when the politics coincide with
oversight.
You know what I'm saying.
Decision makers, you know thepowers that be, not just the
state level, but also thefederal level.

Sean Febre & Manny Feb (15:24):
decision makers, the powers that be Not
just the state level, but alsothe federal level.
The most corrupt corporation inthe entire world is the US
government, I would say thegovernment, of every single
government out there.
They're all the most corruptcorporation in the entire world,
each one of them for eachcountry.
I don't give a shit whatcountry it is.

They're corrupt man .

Sean Febre & Manny F (15:44):
Regardless of side.
Also, somehow they continue toconvince the citizens of their
country to vote for them, right,which blows my mind, bro.
It's kind of you know, andthat's kind of why I like what
trump's doing with thetransparency, saying, hey, this
is where your money went, thisis where your money went, this
is where your money went tofucking DEI studies in ferrets
in Peru.
Why are we doing that?

I know.
This shit is ridiculous, bro.
I know I love that he did thatbecause I love forensic
accounting and going after thosethat I have to audit in an
official standing Because weknow that they're doing things
wrong.
Right, everything that impactslicensed professionals Okay, all

(16:30):
these people that we hired toprotect us and guide us, and all
this, and that even thepoliticians?
Right, everything's connected,but the but.
The problem with the system isthat the checks and balances are
not always being done to wherethey need to be and the
oversight hasn't been there.

It's crazy that they can't audit any
government.
You know, any governmentbuildings or anything like that.
So basically, the government'sbeen able to do whatever they
fucking wanted.
So the government has oversightover its citizens.

Yeah, oversight.
But who's got oversight overthe government, right?

no one , well, and then who would have
oversight of the oversight?

over the government , I know, on the state level,
right, I can tell you guys likethis on a state level, because
I'm on the building committeefor the state right, and we had
a meeting last week, okay, whileat the same time I was at the
fair Housing Symposium, right?

That was in Tampa, mm-hmm.

Oh, okay, so the meeting goes over our
Tallahassee buildings andOrlando buildings, okay, right,
and the budget, so on and soforth.
The one thing that I like on astate level and this is things
that we've implemented we'regoing over the budget, right,

(17:47):
we're going.
We know where it's, where it'sgoing to remember it, buildings
need maintenance.
Okay, you know how this stuffworks, right, you put out bids,
this and that, right, thebudget's public painting.
A 1500 square foot interiordoesn't cost forty thousand
dollars there you go, and thatis the good thing now with this

(18:07):
right, because when you say this, are you talking about doge?

no, I'm talking state level, you
know, I'm saying ronda santosalready says he's gonna have a
doge in florida he'll probablymake something up like that
right, and there's a lot ofcommittees on the state.

You know I'm saying , you know what you are
describing is doge, though,right basically yeah, basically
exactly it is yeah, I know, whycan't you say the word manny?
Because it's because that's afederal, it's a federal
department.
You know, and I'm just, and Ireally I don't want to confuse,
let let's say the viewers per se, right?

So what you're asking for is a
state-level doge.

This is so hard for you to say no, no, no no, we
have that and that's kind ofwhat I'm touching on, you know,
of what we're seeing in theevolving of the building
committee for the state per se.
Okay, we went over the pastyears and then we went over the
next projected four years.
Okay, right, and we actually Iraised the question during the
meeting right, if we havecompanies and we disclose and we

(19:15):
can undercut who's already beenapproved, right, is that
acceptable?
Is it Right?
There was, no, I mean, therewasn't an issue with that
because we're disclosingeverything Right.
Issue with that because we'redisclosing everything right and
that we're actually, and on ontop of that, our scope of work
and you know, a, a new door isnot going to cost twenty
thousand dollars.
No, it's not.
You know, I'm saying it's in acost, whatever it needs you know
I love it.

Uh, you ever see the movie um
independence day where, uh, theyget to area 51 and um, the
president says how do we fundall this?
And then the the guy's dad goes.
Well, you don't really think wepay twenty thousand dollars for
a hammer, do you?

right I mean, it's true it's true, listen, but
before I got right and I didthis strategically before I got
back into real estate full-timeand started covering and I
started getting into you knowthe, you know what you naturally
progress into building,remodeling, investing and then

(20:08):
go large lending, so on and soforth.
The one thing I can tell you isthis the money is being spent
better.
We are actually trying to makea fucking difference.
The money is being spent better.
Right, we are actually tryingto make a fucking difference.

(20:31):
Okay, and that is the one thingI could say, that at least
Florida has going on.
Is it too little, too late?
Now, that is a big question,because here's the thing On that
.
On that same token, we justmade the top 10 in homelessness,
housing insecurity and foodinsecurity.
I mean the top 10 cities.

(20:57):
Or Tampa, tampa, tampa, right,in the entire country, I don't
really see a lot of homelesspeople walking around, you guys
don't, because it's too fuckinghot, so they're on their bridges
, or even better.

Yet Let me tell you who was the
source on that, by the way,who's the source?
Yeah, top 10 and foodinsecurity the news.
The news.

And the government audit.

You can trust them, and it would
make sense, wouldn't it, becausewe are the third largest state
in the United States of Americain terms of population.

And we grew up and we grew too fast and a lot of
people came.

Too many people moved here too fast.

We brought in a lot of money from other states that
went further here, right, butthe issue with that right.
On that same token, we got abreak.

No, no , no, we got like two minutes.

Okay, the problem with that is that now those same
fucking dumb assholes didn'tknow what they were doing and
now again they're fucking.
They're all in foreclosure.
Foreclosure isn't the preforeclosure right we could call
it that.
Yeah, okay, right, when you getserverless pendents, right?
Basically, essentially, yeah,you're in pre foreclosure
because being foreclosed onwould, then, yeah, okay.

(22:08):
But loss mitigation is atechnical term.
If we're gonna, you know, coverall that because you can be,
you can be foreclosed on byanybody.
You know, when you see, onehomestead of properties in
Hillsborough County is only 32%.

Yeah, I saw that number and it was
wonderful, bro.
That number blew me awaybecause that means 68% are
investor-owned.
Huh, that number blew me awaybecause that means-.

It's true 68.
Right, 68% are investor-owned.
That's wild to me, man.

So that could be anybody, any
company, it could be a bank andyou don't even know it, but it
could be a second home forsomebody right Like a second
home, it could.

It could be, but you would see that right in the
types of mortgages.
And if it was a second home, itwould be a homestead here in
Florida.
Yeah, technically you know whatI'm saying, because if there
are other houses, say up north,then different state different
rules.

When we get back with Happy Hour
Holidays, we'll continue withManny Manna and talking real
estate.
We freaking love this.
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We'll be right back Yo dawg.
Welcome back to Happy HourHolidays.
I'll start that over.
Welcome back to Happy HourHolidays.

Oh.

God, this guy.
No, welcome back to Happy HourHolidays.
I'm your host every single week.
Manny Fresh.
We got Manny Manna in the housetalking about real estate one
of my favorite topics, Manny, soas far as we got Sean Fabre
also in the studio today.
The resume's here.
I wrote a book.
I'm an engineer.

(23:53):
I'm a co-sponsor for White Claw.
I wish because I drink so manyof them per day Come on White
Claw.
Still waiting on that honorarysponsorship.

I do want to give a shout out to Breitling Give me
a call.
I love your guys' products.
It would go good with ourbranding.

And Louis Vuitton too.

Yes, absolutely, if you want to sponsor us.

Let's go.

We got all the stuff in the car.
I use your briefcases andbackpacks for my day-to-day.
Thank you, louis's gooey, let'sgo.

Hey.
So my biggest thing, manny, Iwanted your opinion on, was do
you think these interest ratesare going to go up or down?
Like, where do you thinkthey're going in the next 12 to
18 months?
Because that's my biggest thingwith the state of the market
when it comes to theaffordability, I mean, one of
the big issues is the interestrate I mean, you think about it
is of two, you know back beforeit's going to dictate a lot.

(24:49):
Yeah, it is, I mean this is abuyer's market, would you agree?
I, I, yes, I would actuallybecause there's probably more
price reductions than we've everseen and you know probably
before, hasn rate consistentlyfallen since January?

no, I mean that we we made it to a six month low
and then, whatever the Fed doesright, all the lenders have done
the opposite.
They've actually raised therates yeah the only ones that
are able to offer subprime arecredit unions and banks.

Strictly to them.
So if you're a lender, you'renot getting that.

So are you saying get a?

mortgage from a bank or a credit union.

I'm not saying that what I will say is this right,
if you have the good enoughrepresentation and I always
tell- people by representationdo you mean a realtor or a
lender?
Yes, always tell representation.
Do you write a realtor or yes?
Because right as a realtor,okay, and forget every other
thing that I you know everyother license degree, whatever.
Okay as a realtor.

(25:47):
I am going to recommend rightmatching a client that's looking
to buy a house with the lenderor, you know, with a mortgage.
You know I'm saying a loanoriginator right in a lender or
with a mortgage.
A loan originator right and alender is like matchmaking.
Not all of them are going towork.
You know what I'm saying, howthat client may need to be

(26:09):
worked.
Some need to be hands-on.
I am a big advocate of, if I'mbeing hired, and especially when
I'm referring out to, toeducate the clients Now, because
if I leave you ignorant in theprocess, what am I doing?

Not your job.

Exactly which everybody else does, because you
know when you don't, when youcan't get someone else to sign a
BBA to pay for your time.

What's a BBA?

A buyer broker agreement, oh right, so, and
most don't.
They're still relying on aseller's getting paid.
You know, from the seller, youknow.
But again, this is where I'malways on my social media,
whenever I'm doing, you know,any kind of live or any anything
formative.
Ask the questions.

(26:59):
I'm not asking people to giveme your business at all.
I'll never solicit that.
I don't pay for these.
I don't pay for nothing.
I want everything organically,because if I'm not getting it,
I'm not doing something right,Do you?

believe , manny, that people or realtors
should still, if you're abuyer's agent, you should be
getting paid by your buyer, ordo you think that, still, the
seller should be paying for thebuyer?
You know, because of this wholething with NAR and everything
Now, everybody's uncertain.
Hey, I mean, really, you'resupposed to be getting paid by
your buyer.

Here's what I think right.
I'm not going to answer one wayor the other on that, and I'm
going to because I'm going toanswer this way right, the other
on that, and I'm gonna becauseI'm gonna answer this way right.
When I list the property, okay,I leave an option.
Okay, and it's always an optionokay.
Let me take that back.
This is always a tricky, so Ithink the seller so let me.

(27:55):
Let me go from the buyer side.
Okay, I've always operatedbecause this is how I was
trained.
Okay, right, from one of thebiggest name brokers under
Keller.
Right, and big shout out toMurray Coleman Respect you, love
you man, you're the best.
You should always have a buyerbroker's agreement in place,

(28:16):
right For your commission,regardless of what happens.
You know what I'm saying,because you should be protected.
As long as along with yourclient.

So then, what is that?
What's the verbiage that's inthere?
Does it say, hey, if I get youthis house now, you have to pay
me?
It's basically so.
Then now?

It's.
You know, the verbiage isbasically so yes, you're paying,
let's say they have fiftythousand dollars as a down
payment.

Now their down payment and you guys
agree on like twenty fivehundred, it's going to be fifty
two thousand five hundred fromthe buyer and that's going to be
dispensed at closing, where theseller no longer has to pay
what for agent for compensation?
Yeah for compensation.
Doesn't that seem a littleunfair to the buyer, who's
already putting down a shit tonof money, and the seller doesn't

(29:06):
really feel it because I mean,do they?
some may, some net I mean, ifyou're, if you're selling a
house, I'm seeing that that netnumber all the time there's a
reason why closing costs on thefar bar right, when they drafted
that originally.

We're split 50 50.

You know I'm saying between the
title company and no, no, no,between you know the seller and
the buyer.

you know I'm saying now compensation totally
different story.
Right, let's say you gotsomeone who's been in the house,
you know, 20 years and then andthey bought it for $110,000 and
now it's worth $800,000.
You'll see that in Tampa amillion times over.
Now, is it too much to ask forthem to pay?
I don't think it is.

(29:50):
I don't think so, not whenyou're making that kind of money
, but also, it is your money.

It is Because if you're financing
$10,000, you're at, it is yourmoney.
It is so right, Because ifyou're financing $10,000, you're
at $100 extra for financing,right.

Here's the also thing too you can negotiate as a
listing agent and you know theseller compensation even during
the transaction If the buyer'sagent isn't doing their job and.
I'm doing 100% of it, right?
What the fuck are you doing?
There's a buyer's agent.
Really have to do that.
Exactly what are you doing?
Opening a fucking a door andacting like vanna way?
Well, not just one door, youknow, I'm saying not just one

(30:27):
door though a couple.

But then there's also that argument.
You know you're like okay, well, you only took the buyer to my
house once, right, and theydecided to, so that's
technically only one hour out ofyour time at my property, so
there's no reason I should payyou, even though you showed them
15 other properties.

I'll tell you this.
Look, when I first started off,every once in a while I would
get asked 3%.
You know what am I paying?
You know what am I paying for?
This is what you're paying for.
This is what you're paying for.
Okay, you're paying for thefact that, exactly that's how I
got my reputation you know, younotice he keeps doing this right

(31:09):
and he's got like move dude andhe's nice so the value of your
house easy he keeps doing it forthe camera too, and he's
switching.
Hey yo look.
So compensation, and you knowwhat?
Let's even take the percentagesand the numbers.
Actually, let's just saycompensation period.

(31:29):
Okay, you're getting right.
Essentially a shield, okay,statute.
Statute of limitations on thesale is five years.
Okay.
Now I explained in the past too, there's exceptions.
Probate, you know, extends itout to 20 years.
Okay, the estate, other kindsof law has it at 10 years

(31:50):
statute of limitations.
Statute of limitations for what?
Anything that could go wrong.
Okay, right, let's say youbought a house and then a year
later they lied about the WDO.
They're fucking responsible forthat shit.
You don't think you're I'd suefor that shit?
What's the WDO we're destroying?
We're termites, wow, which is abig issue, which is why it's

(32:11):
even written in the far barright For disclosure.
But that's a I mean.
People will lie about that shitall the time.
I caught that when I was buyingmy house recently shouldn't the
inspector catch that though?

huh shouldn't the inspector catch
that though?

absolutely, and mine does.
He caught it and that's how Iwas able to call them out on it,
because they fucking lied onthe seller disclosure.
And this is me buying formyself.
I've been learning those sellerdisclosure.

I mean , nobody's going to be like, hey
, there's a little bit of asmall leak that I don't know.
No, they have to.

They do Anything affecting any Prove they knew
about it, anything affecting theproperty or any known issue
affecting the property of thevalue.

Now you've committed fraud,
non-disclosure, you know whatI'm saying, but it's not what's
true.
It's what you can prove.

Anything leakage.
It's not what's true, it's whatyou can prove.
Anything leakage, right?
Oh, it's going to be easilyproven in fucking home
inspection.
Yeah, but I'm saying if thehome inspector does not catch
that ultimately it should fall,and that's where it comes down
to skill.

From the inspector.

Let's get into that .
I want to get in Okay, let'stalk about that.
Right, I read a million homeinspections all the time.
Okay, right, every fucking day.
Right as a listing agent, oreven just as the private equity
firm that owns a bunch ofproperties, okay, and manages
them, and then whatever else,okay, I look at these and I

(33:31):
laugh sometimes because they'refucking amateur as fuck.
I've had the same person afterI filed you know must've fired
probably a dozen prior right.
The same one for the last fiveyears.
Kyle Hart right, he's the ownerof HDMK inspections.

He's the good one, right.

Me and him set a legal president right A couple
of years ago.
Right when we we we challengeda big builder, we pushed back a
close in a whole fucking month.
We racked up 1.5% right Defaultevery day.
We delayed it.
Okay, but he's that good and wetrust each other that much
because we've been workingtogether.
And we beat them.

(34:09):
We made them move a fuckingtoilet because it wasn't up to
code on the second floor,because it was three inches
closer to the wall, and thepeople that were buying the
house, the husband's fucking sixfoot nine.
Are you going to take a shitwhen you're fucking can't even
get?
You know what I mean?
No, that doesn't work for me.
Do your fucking job right,while every other agent that

(34:32):
same year got sued.
Because if you don't know howto do your fucking job right,
this is where it comes down toskill again, right, you don't
know how to do your job.
You don't know how to work abuilder's contract.
Builders dictate their owncontracts and they rig them for
a fucking reason.
Definitely DR and Lenar are theworst because they'll fucking

(34:52):
and the same the one I'm talkingabout.
You know that I'm referencingand I'm not going to put their
name out there.
Right, dr and Lenar, this iscommon knowledge, right?
They'll close on a fuckinghouse if it's incomplete.

Oh, they always do that, they'll go
oh no, we'll come back and fixit.
You know, and it's just likebro, they're the biggest
criminals now, these largebuilders I mean, they're
literally being able to makeyour own contract.

Right they should abide by some rules, they should
because, because they'relawyers, they don't have to do
the far bar right no, no, theycan structure, yeah, which is
criminal, but they still, butthey still have to abide by
Florida law they have a buildingcode, exactly that's.
That's why they're they havethe one-year warranty and all
this other bullshit, but theycan do whatever they want

(35:41):
outside of Florida law tobenefit them over who's
purchasing it?
You can dude, even with thatright, you can fuck with that
all day long, and I've seen themright.
That's again.
This is where it comes down toskill.
I don't let their contractdictate me you know what I do?

Yeah, because you could change that
contract.

I can manipulate the fuck out of it.

Yeah Right, it's not set in stone.
You know what?

Let me take that word right, not manipulate it,
but use their contract againstthem.
Okay, most agents will neverfucking ask their client, their
home buyer of a new construction, for a home inspection.
Right, I do, yeah.

Because client their home buyer of a
new construction for a homeinspection.
Right, I do yeah, cause I'mgoing to find everything.

Because what they do is they just use their own
inspectors and they go.
Oh yeah, this is good Right.
As long as they got the NOC.
Okay, right, what's?

the NOC.

Notice of commencement.

Yeah, you use a shit ton of acronyms.
I'm not a realtor, bro.

But this is.
That's the point.
I want you to ask the questionsso that the audience learns.

There you go.

I like that Because they're getting educated Again.
Another thing, too Same agent,new constructions, right?
Hypothetically?
Ask your fucking agent do youhave E&O?
Show me.
You know the person that'sanonymous right now.

They all have to have E&O under their
brokerage.

Nope, anonymous.
Right now, they all have tohave E&O under their brokerage.
Nope.

Only the broker has to Right, not the
agents.
And then the agent is under thebrokerage.
So the broker is ultimatelyresponsible.

They're responsible , but they don't have to give
them E&O.
That's where all these agentsjust don't even understand it.

I thought the brokerage, if they
do not provide coverage of E&O,nope, then the agent isn't
covered and the broker is notdoing his job.
If you didn't notify the agenthave to.

We are not an eno state.
That's why really yep, we arenot by law, we are not required
to carry, you know?
Did you know that?
Only the broker?
And that's only on on, becausethe broker has to cover the
agent, nope, the agent.
The broker has to cover himself.
The agents are contractors ohshit, you're right.

So so if?
My agent fucks up they're notgoing after them, they're coming
to me.

I'm getting fucking sued.
Where the fuck are they goingto sue them?

they don't got shit so I mean,
ultimately that comes down tothe broker's due diligence,
because they're getting suedeither way they're gonna get.

Yeah, that's built into the.
You know with it, they don'tgive.

It also depends on the contract
that's been signed between thebrokerage and the realtor.

No, trust me we're gonna have to look into that one
look you don't, you don't needto look into it into the broker
side.
All you got to do is pull thestatutes because it doesn't
matter.
Only the broker has to cover itright, and that's for liability
.

That seems like negligence from the
broker side.
In my opinion it's not, they'reprivate contractors.

Every agent is a 1099, right, so ultimately the
broker's only responsible fornegligence?
Okay, and or breaking laws okay.
E&o, all is is just insurance.
Yeah, okay.
Ultimately, right, when you're1099, you're your own business.
Yeah, okay, that's their choice, not the carrier or not.

(38:55):
I carried it in every fuckingcapacity.

Who gets paid?
Typically the agent or thebroker.
For what?
Through the title company.

The broker.
We will Well there you go,unless you do a DA, and then you
can, yeah, unless the DA, yeahmy DAs, all my agents, I always
get paid.

So if the title company always cuts
the broker a check, ultimatelythe person responsible would be
the person receiving the checkfrom the title company and
title's not.
Title isn't part of real estatebut they're the ones cutting
the last check, and then thebroker is the one cutting it to
the agent.
You know is for is for licensedprofessional.

God, I can't believe the liability reasons
that sounds okay, right forservices representation law.

You know, I'm saying anything.

I believe that's true For liability reasons that
sounds so stupid For servicesrepresentation law.
Anything and everything.
There's even auto in your E&O.
So if you're an agent andyou're showing a house, covers
that Now, would you ever haveanybody in your fucking car?
Absolutely not.
I would never do a showing witha client in my car.
You get into an accident,you're responsible.

(40:02):
Yep.

You're driving your.

E&O is not even going to cover it either.

Well, that's an auto accident.

Yep, because now you're going to be civilly sued.
Yeah, can't sue themprofessionally, because they
shouldn't be in your car tobegin with.

What if you're in their car?
They get into an accident.

You can, they get into an accident.
You can see that I got mycommission bitch, see.
But that see, that's the thing,right, and nobody even knows
this shit.
Man, when I tell people youyou're being represented, okay
right, you're.
You want someone to representyour, your house, that's worth
fucking a million dollars, okay,right.
And they don't have anyinsurance, I'd be scared
shitless.
To be honest with you, wouldyou drive in if you owned a rose

(40:47):
royce, lamborghini and, fuckingshit any car would you be
driving?

robin, no insurance on down i-4 I mean
, we know somebody that owned abmw, that did that after he bit
it off and he told it.

Hey, there's an asshole dumbass born every
minute man.

You know what I'm saying what do you
call him a dumbass?

but you know I mean , you know it's, the older I've
gotten, the more protective I'vebecome over people.
I do business with clients andmyself.
You know I'm saying because,dude, when people are hurting
financially, they willabsolutely disregard their own

(41:24):
principles and morals.
That happens when you'refucking hungry, recently also,
and when you're Dude you.
I can fully agree with thatRight now people are, so the
majority of everybody arenon-confrontational people.
Okay, that is actually a veryhigh statistic.
Okay Right, they're veryconfrontational on this, yeah oh
yeah, yeah, because it's allanonymous, right, but let's talk

(41:47):
about the financial side, right.
When they start falling behind,right they?
They won't even contact theircreditors, right?
nothing why because they don'twant confrontation right,
exactly, you're too afraid, tooafraid to ask for something
because, honest, really andtruly, if you call them and
you're having, and you tell themyou have financial problems,
they'll work with.
They're gonna fucking work withyou because you know how much

(42:09):
more expensive because I'm alender.
I'm also registered as acreditor too.
Okay, because I, because I'llissue out lines of credit.
You know what I mean.

Damn, I got a question for you, then.
Credit card must completegarbage.
Absolutely, fico scores are theonly thing lenders look at and
FICO scores are broken up intothree different categories auto,
mortgage and credit cards andeach one of those three have
TransUnion, equifax and Experian, and those are the only FICO

(42:42):
scores lenders lend on right.
No lender looks at Credit Karmaand says that's your credit
score, no.
When they pull your hard credit,please clarify that hard to the
listeners, Because apparentlythey think if they look at
Credit Karma it can't deviate bylike 50, 60, 70 points.

So you could go look up um last year, right,
credit karma had, I think, twoclass action lawsuits right for
reporting much lower creditscores, right, or?
Even much higher right, no, no,no, because there was a reason.
Right, just like okay, wayhigher than when you go on
credit karma right, and you, you, you know, you see the odds,

(43:21):
you know for approval and thenif they don't, if they don't win
, they pay you 50 bucks.
It's fucking true, right.

Oh, that's why.
No, it really is.

So that's why they're always under Mine are
over.
And then, of course, becausethey're getting kickbacks from
the fucking, these shitty assfucking bank you know credit
cards that you never even heardof in a million years, interest
rate with 35% they're going tocharge you fucking money every
month just because you got ashitty credit score.

Or they're trying to get you to
line up with personal loans.

That hey, you could get a $50,000 personal loan
Because?

because they're low interest rates,
it's 25, 99.

Because they're purposely lowering your shit,
and that's why they ended upgetting sued.
Because, look right, you coulddo that, but it's only so long,
right, because you can't doweirdness in this day and age,
okay, right, it is very hard tohide shit.
That's why I preachtransparency.
That's why you know, like, likeall these agents and everything
else, why do you guys try tohide shit?

(44:16):
Don't just be fuckingtransparent, you know.
But this, but this, you know,this shit translates to fucking
everything, man, you know whatI'm saying I a thousand percent
agree and that that's one thingthat you know.

And I want to shout out this app
they're not paying us.
I just want to shout them outmy fico.
If you download the my fico, Ipay.
I think it's like 45 a monthall, those all those fico scores
, uh, between mortgage andcredit card, and then there's
another tab that says other.
You get your true on the dateFICO score where you're actually

(44:54):
at, and I know you said lower,but like mine, is 50% higher on
credit karma than it is on myFICO.
That's why I don't trust CreditKarma at all.

You know how you really fix everything right,
like Experian, you know right.
They're by themselves right.
With them, I connected all mybank accounts.

Yeah, you do your.

Experian Boost Right.
So once you start connectingyour assets dude, you will see
your credit score change in realtime.
Yeah Fast, yeah All right.

Well, when we get back, you know, for
somebody who talks about fiscalresponsibility, he lives in his
car.
But anyways, when we get backwith Happy Hour Holidays, we'll
continue with this.
I actually live in Manny's carFor free.
Welcome back to Happy hourholidays.

(45:47):
Uh, we were talking about realestate, but we were talking
about something else, that wewanted credit scores, but we
already have affordable housing.

Yeah, uh, we're talking about a lot of stuff
that's going on in the countyright now.
You know a lot of stuff that'sgoing on in the county right now
.
A lot of stuff that's going onin Florida.
I mean, our largest demographicis going to be closer to home,
anyways, where we're at, andshit.
Why not talk about all thethings that are affecting us?

(46:15):
I mean, where else have youseen some of the richest people
and then some of the poorestpeople in one of the richest
growing cities in the fuckingcountry, right, but then still
being the top 10 forhomelessness and food insecurity
?
That's what I'm really tryingto understand.

But I mean, don't you feel like a lot
of the big cities, since there'sso much population that bound
to be?

you know, food insecurity, oh, of course
undoubtedly fine food insecurityreal quick food insecurity is
means that you do not have aguaranteed meal a day one, none,
none hmm, that's interesting.
What do you attribute that to?

Because I already know what I think you
want to say, but go for it.

I mean, it's a combination of a lot of things
Property taxes, inflation,groceries are expensive as fuck.

Do you think property taxes should be
abolished?
Property taxes abolished?
How many property taxes?

Huh.

Do you think property taxes should be
abolished?
No, no, put an age limit on it.
What about about people thatretire?
There's no reason why theyshould continue to be or
somebody who has paid off theirhouse like let's just let's say
if you, still have a mortgage onit.
Fine, you pay your propertytaxes.
Let's say you don't have amortgage on it.
I mean, should you still bepaying property tax?

I mean what you're paying.
You're paying an HOA.
Now we're catering to the 1%.

No, because it could be somebody
who's lived in their house for20 or 30 years and they paid it
off, or 15 years, they bustedtheir ass and paid their
mortgage off.

But those people right now, because they've been
in there, never been sold, rightyeah?

So they're already paying nothing.

Not really.
The problem is when you come inand pay cash on it, then the
house next door for exampleMicrophone's there Been
remodeled and then sold Turnedinto a rental.
Now no homestead, no,discounted.

(48:20):
Now they get tired, theyliquidate the portfolio and sell
the thing.
They now no homestead, no,discounted Right now they get
tired and so they liquidate theportfolio and that's the thing.
So they're paying now $7,000 afucking year in property taxes,
while your neighbor who's beenin the house 25 years is only
paying $1,000.
How about this, then?
That should get fixed, I don'tthink that's fair.

What about paid off homesteaded
houses then?

Paid off homesteaded houses.
Well, it's their primaryresidence.

so why are they still paying property
taxes?
And this is the way I see it,at least for the ones that
retire and their house is paidoff, there's no reason for them
to still be paying propertytaxes.
I understand that the propertytaxes cover infrastructure,
public schools, things of thatnature, but at the same time,
why are we paying the governmentto?

(49:04):
When you already have the house, you own the house.
Why are we paying them?
And then you're like, okay,well, if it's paid off, they're
already paying nothing in incomeor property taxes.
Let's say their property taxesis $12,000 a year, now they're
paying $1,000 a month for thathouse.
That makes no sense whatsoever.
Property taxes and then peoplesay, okay, how are you going to

(49:24):
fund all this if you eliminateproperty taxes?
You can't.
Well, actually you can, Allright.
And then how there is they'regoing to start taxing other
industries.
They're going to start taxinggas.
They're going to start taxingcigarettes.
They're going to start taxingfood.

Right now how much a gallon of gas and tax goes to
it.
It'll shock you how muchBetween 60-70% of what you pay
for gas goes to the USgovernment in tax.

And you're telling me that they got
to tax our properties too.

I think gasoline.
That is one of the biggestcrooked fucking taxes I've ever
fucking seen.

Look it up.
You don't actually see the gastax on the itemized receipt.
You're doing it because allyou're paying.

Everyone is only only knows about and cares about
what they pay per gallon andwhat's on the fucking sign yeah
Okay.
And cares about what they payper gallon and what's on the
fucking sign yeah Okay.
Nobody knows that the majorityof what they pay per gallon is
actually fucking tax, yeah.

Hmm, do you see what Amazon's doing
now?
They're putting the tariffamount.
How much it's the tariff eBay'sdoing?

the same thing.
So anything coming from shit.
I was looking at a watch theother day you know what I'm
saying Coming from fuckingCanada.
God damn, you know what I'msaying.
I was looking at some car partsright from China.

Shit, it was like $1,000 and then
you're charging me $350, andjust the tariff.
So my question is Amazon,basically, is doing that as a
political motive, and myquestion is when it was
inflationary, how come theydidn't put a little sign to the
top that said hey, due toinflation, you're paying this
much extra on everything you buyas well.

Because the US government is their obligation
to disclose that information.

Right Now, with the tariff, thing, the
tariffs are disclosed as well.

I don't think a corporation should pay the
tariff fees.
I was a VP of a securitymanufacturing company, right,
and the only thing that webrought in, right, were these
little chips right from Taiwan.
Right, and because of thetariffs, right.
Do you know how expensive itwent?

And they're just little chips.
So you missed out on the newswhere now uh apple decided to
move their uh semiconductor chipfactory here, china no to india
where india?
Negotiated a zero percenttariff, so the tariffs are
working.
I think you're looking a littlebit too hard into it and mainly
because of the way the stockmarket is performing.

It's a manipulation the stock market is speculation
.

It's all speculation.
When people see tariffs, whatthey're doing is out of fear.
They're devaluing a company,not actually looking at what the
company will be earning nowthat it's out of China, I mean
that's the thing.

If the company's US , and this is wild to me.

You guys ever seen earning calls?
The company will show that inthe quarter they had a 20%
increase in profit and theirstock will still drop.
You really can't dictate theeconomy based on what the stock
market does.
It's a good indicator.

I don't even give a shit about the stock market
anymore, just because there's somany extra variables at play,
right, that I don't even thinkto be honest with you, a lot of
the fucking stockbrokers there,unless you got a fucking warren
mba, right?
You know I'm saying or shit man.
You know, really have anunderstanding of just the bigger
picture macroeconomics manliterally worldwide
international economics get thefuck out of here.

(52:59):
The bigger picture Macroeconomics man Literally
Worldwide Internationaleconomics Get the fuck out of
here.
Everything is intertwined.
Right Now let's go back to theterror thing, but from a
different angle.
Now, how long have we beendefending Taiwan from China?

For a long time.

Right.
But all of a sudden, they justmade a three-way fucking deal
right With Japan.
In them, Taiwan, China, JapanWhile we still got our fucking
destroyers parked outside ofTaiwan Because China was trying
to fucking conquer them.
You know why.
What was the deal?
The deal.

Yeah, you said a three-way deal.

There was a three-way deal for them right To
where they unilaterally wouldnot, I guess, tax each other,
and then would stand together.

Against the.

United States.
Correct.

So I mean what that's showing is not
free trade.
What that's showing is aconspiracy globally to go
against the United States, whichhas already had tariffs imposed
on us for the last From theTrump administration Since 1913.
No, since 1913.

The Trump administration started the first
tariffs, right?
No, they didn't.
Are you out of your fuckingmind, bro?
He's never lifted them.

During the Biden administration.
Okay, we were taxed, tariffedby Canada, we were taxed no a
tariff we were taxed.
No a tariff we were tariffed byCanada on our butter 300%.
When we say hey, if you importbutter from us.
Now we're going to tariff you300% All of a sudden, everybody
freaks the fuck out.
So what you're telling me iswe're willing to pay a 300%

(54:34):
tariff, but Canada can't pay a300% tariff.
This is what you callreciprocal tariffs.
Everybody that's against it nowsees oh well, you know the,
since we import so much, we'regonna have to start paying more.
No, the whole basis of it is tostart manufacturing within the
united states.
And if we're getting a 300tariff on butter, you're telling

(54:54):
me we can't produce that samebutter for less.
We can't than what we pay.
That's not the point.

Well, I think that is the point that we're trying
to get across in thisadministration.
Everyone has.
There's always a motive toeverything Everything that
you're going to see politicallymotivated which is you want to
talk about the stock market,we'll talk about commodities,
because that's the only thingthat fucking matters.
Okay, you know what I'm saying.
If we're really going to talkabout the economy, what

(55:21):
commodity?

Butters are a commodity.

Any commodity, all of them Butters are a commodity
Food, minerals, fuel, okay, gold, silver, the shit that would
stand up if the fucking worldcrashed.
I don't know, Things that makethe world go round.
I don't know if gold and silverwould I.
I don't know Things that makethe world go round.
I don't know if gold and silverwould I think more so food

(55:46):
would.

Those are just set because that would
be a monetary if the dollar oreverything fell.

We still operate on the goldand fucking silver, fucking you
know what I'm saying?

No, we don't.

Not the standard, not anymore.
No, we actually just removedourselves from that.
Actually, it was a wholefucking deal.

It was like 1925.
It was a big UN deal becausethey didn't need to do it
anymore.
Nixon took us off 1970, yeah.

No, no, no, they finalized it just recently.
No, yes, absolutely.
I thought Nixon took us off thegold standard yeah exactly.

We haven't been backed by gold in
forever.

Different law.
That's not what I'm talkingabout.
I'm talking about when they're.

You're going to have to clarify that
Credit line right for yourcountry.

Credit rating okay was still dictated by gold.

Remember the valuation of the country.

Right it would be dictating how much they actually
have.
Okay, all right, let's transferit over to real estate.
Okay, right.
Investor level Right.
If you're going to use OPM,what do you need to have
Reserves Right.

A project manager.

No.

Other people's money.

OPM.
Oh, opm, opm.
You need to have reserves andcapital in a certain amount.
You know what I'm saying Tokeep getting funded.
Think of it as like that.
You know what I mean.
But bigger picture, what Ireally don't is that this is all
political Okay.

(57:15):
I don't think.
Why have we been defendingfucking Taiwan and then we're
going to allow Taiwan, taiwanright to join a unilateral right
tariff?
You know, uh, you know,increase on us.
Make that make sense.
How's that fair?

I thought I already made it make
sense how's that fair.

They moved it to india, it's not fucking no, no,
no, no.
Fuck the company.

The companies are a different issue
no, they're not, because ifyou're talking about the economy
and you're talking about thestock market, you're talking
about companies on the s&p 500that are american that are
performing these kinds of tradesor this kind of manufacturing
and importing outside of theunited states of america.
So taiwan, china, japan, knowthat they could produce it

(58:02):
cheaper.
Hey, where are you gonna go?
We're gonna impose a higher taxon you.
We don't give a shit thatyou're defending us from china,
japan.
We don't give a shit thatyou're defending us from north
korea.
Yeah, we don't give a shit thatyou're defending the, the south
china sea from china.
We're still gonna do that foryou.
How does it make sense?
Because of the greed of thoseeconomies and they have become

(58:23):
accustomed there we go to theirlack, or to the lack of uh
pushback from the americangovernment due to weak
leadership in the executivebranch.
And now that you have someonestrong arming them, they're like
, okay, well, we're not going todo it.
And then they go okay, noproblem, we'll go somewhere else
.
And then they'll negotiate.
Negotiate with India.
India will say hey, we'll dropour tariffs down to zero and

(58:45):
make it reciprocal with what youguys will have on us.
They make a deal, they get amanufacturing plan over there,
they start creating new jobs.
We get them for as cheap, ifnot slightly higher, and the
consumer doesn't really see abig deal because it's going to
be raised by a couple cents, andthe consumer doesn't really see
a big deal because it's goingto be raised by a couple cents.
And then you solve the issue,and that's what the whole tariff

(59:05):
battle is about.
It's saying okay, well, if youwant to tariff us we're going to
move it out of your country.
You're going to lose millions ofjobs China, and now, all of a
sudden, you're going to havethese containers at your port of
exit, where they're not beingshipped out.

Because now these companies?

decided to cancel those purchase orders
and you're fucked.
Go sell them somewhere else, toa different country.
It's happening in China?
Yes, they are, bro.
Look at the videos.

They released the financials right, a couple of
whistleblowers right and then-.
Financials of who the country?

They're not going to hurt off of us Do
you know how much money If amanufacturing plant moves, For
example?

right.
Tesla said right, and thismotherfucker's in the government
, right, he's got a fuckingcabinet seat right that he was
going to move all of hiscompanies over to the US.
Who Tesla?

Elon Musk, elon Musk.

Manny Manna (01:00:00):
Yeah, he announced that he was going to move all
his company you know all themanufacturing plants over here,
you know I'm saying.
But then decided not toafterwards because you know how
much it was going to fuckingcost even then with with the
government giving him all thesesubsidies.
You know, you know they weregoing to subsidize everything
you know who gave him thosesubsidies?

Sean Febre & Manny Febre (01:00:19):
right the previous, not this current
one.

He already had them in place prior, but again, he's
a cabinet member.

Right.
And do you know where thelargest lithium mine is?
Where In China?
So China's got them by theballs because you can't produce
or you can't mine lithium inAmerica because we don't have
those kind of deposits.
That's the problem.
Yeah, that's one of theminerals we lack.
Why do you think trump wastrying to get that raw, raw
mineral?
Uh, deal with ukraine saying yo, end the war, pay us back.

(01:00:51):
We want the rights to theminerals.
Uh, for I think it was.
Look at that.
I don't think so.
I think I don't think thatwar's ever gonna end.
I think it will.
It's gonna be be likeIraq-Afghanistan war, bro.

They're just there to be there.
I think putting them willalways be the same way, right.
But Ukraine, look how muchdamage they've done to this
massive fucking country.

Is that why in Ukraine they're
wrangling up people that aremilitary age and dragging?

them to dance.
I heard that that's crazy.

Sean Febre & Manny Febr (01:01:23):
There's no hearing about it.

There's videos out there of them actually doing it.
Oh, I've seen it too.
Yeah, I don't agree with any ofit.

Now let me ask you a question.

Do you see any videos of backtracking out of
Russia?

No, you don't see those videos
coming out of Russia.

Of course not because they're not going to get
released.
They're not going to allow themto get released.
I mean, they do have theinternet and, just like China,
they can block it from the restof the world.
There's ways, Of course.
There's always ways.
There's the fucking dark net.

Yeah, of course.
But, everything has a track.

Why do you think Russia onlyallows the hackers that work for
them to hack?
Because they're probably thebest hackers.
Undoubtedly.

I don't know if this is pure
coincidence, but your shirt isUkrainian colors.
Then again, so is the happyhour holidays.
Logo Right.
Then again, so is the happyhour holidays logo Right, I
think, man we have.

We're going to see a lot of changes, man, in the
coming months, especially in thecoming couple of years.

It's only been four months, I know,
yeah.

And it's crazy.
I mean, look at governmentagencies.
I mean even you know what, evenstill, Specifically I have?
I have a lot of elderly clients, Okay, that are retirees and
they're very comfortable andthey want reassured that their
money is safe.

(01:02:51):
Let's just say yeah, From whatgovernment?
I can't no, just period, Justfrom because this is their
retirement money.

Are you talking about like 401k,
social security, all of it?

right, because they'll move it into.
You know, I got a coupledifferent investment vessels.
You know I'm saying but Ioperate at 100.
You know I'm saying coverage,but we don't need to get into
that and it's not not here forthat.
The point is what I hear fromthem.
Okay, right, a lot of thoseclients, right, huge trump
supporters.
You know I'm saying and and Ialways like to ask right, what

(01:03:26):
is your opinion of trump?
Now, you know, because I don't.
I have no opinion one way orthe other.
Well, let me take that back.
I, I do, but they're alleducational opinions okay so
we're not.
You know, I don't know.
They all said the same thingright, which is true.
He has taken away every singlething that his core voter right

(01:03:50):
needed.
What was that?
He's gutted all the fuckingbenefits right, like what
they've been, dude, they've beengetting the va okay federal
government right, federalgovernment funding right for
benefits for disabled people.
A lot of programs I can do.

(01:04:12):
I can run off the list okay,please do but I email it to you
okay, that sounds good and therewas an article out recently and
then they talked about this onthe news the other day.
And let me I'm not getting offsubject, but it's funny that
they use these words that trumpis now surrounding himself with

(01:04:35):
billionaire oligarchs.
I found that fascinated thatthey use the word oligarchs.

Who's George Soros?
Is he not a billionaireoligarch that has been funding
the Democratic Party?

What about Mark Cuban, also a billionaire
oligarch, so let me get thisstraight.

Only when it's a Republican
billionaire is it all of asudden an oligarch.

But when it's a Democratic billionaire, the
Democrats seem to just playfullyplay along I'm not saying that,
no, who cares about that?

let's not even talk about bill melinda
.

No, no, we're not take away the party's
affiliation, right and all thatshit.
Fuck that, it's irrelevant atthis point let's talk about just
what is in the cabinet.
Let's talk about what the words, the verbiage that was said
take away, take away therepublican take away the parties
right.
What billionaires in thecabinet?

what billionaires?
There's only one donald trumpmusk.
Musk is no longer.
He was never in the cabinet,bro he was ahead of the.
He only gets 190 days to workin the government and that's
pretty pretty.
Yeah, still a cabinet seat no,he doesn't have a cabinet seat.

He was an advisor running the fucking uh
department of government yeahyeah, that's a government
employee.
He's not an employee if hedoesn't get paid.
Dude, and he has he did getpaid.
He gave up his pay.

He donated it back so he's still
getting paid check that out to acharity.

That's how he got that's.
He is a guy dude.
Look him up.
This was on the news the otherday.
He is 100 of governmentemployee two minute.
They brought up his salaryright and how he gives it away.
Did you watch that?
Um, it just came out and weonly got two minutes.

I think we got to go for the
closing words and cover thistopic up another time, right?
Yeah, oh, we got.
Yeah, we got two minutes, man,you know, at the end of the show
we always like to give ouraudience some advice or
education, anything that youhave a little tidbit from the
man brain.

Ah, yes, if you.
I know things are crazy in theeconomy, right, and people get
scared and they Google and theyjust start making phone calls
and whichever one's first theygo with a lot of the times
because they're just scared.
Don't be scared.
Ask the questions.
You know saying whoever'srepresenting you, you should be

(01:06:59):
representing you for you, notfor other motives.
Whoever's representing youshould be representing you for
you, not for other motives.
You know what I'm saying, andthat's it.
Ask the questions, or check outmy social media, because I tell
you the questions to ask, shoutout your social media handles
you can look me up on Facebookand I mean just run my name

(01:07:20):
manualman, it'll pop up rightaway.
Not too many Manual Mannas outthere in the world.

No, not many.
Many many that's a very catchyname Appreciate the audience
listening to Happy Hour.
Holidays man.
We really appreciate it.
We try to bring you education,different dynamic looks and
opinions, and it's awesome.
This is what we want.
People that are successful kindof telling us hey, this is my
view of the world and it's beenawesome, man, so like, comment

(01:07:46):
and subscribe.
If you have any interest andpossibly running your own
podcast, Give us a call and wecan help you out, or being a
guest, or being a guest.
So really appreciate everybody.
Peace out.

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S2 E35 | Real Estate Realities: Navigating Today's Market with Manny Manna

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}S2 E35 | Real Estate Realities: Navigating Today's Market with Manny Manna