May 5, 2025 • 34 mins
In episode ten of The Rent-ish Pod, Patrick kicks things off with a quick rant about a recent Red Robin experience gone sideways—burgers, confusion, and a dash of fast-food drama.
Then it's time for Proptology, where Zach and Patrick scale the heights of architectural history with a deep dive into the iconic Empire State Building. From construction speed records to lightning strikes, this towering tale has it all.
Next, the hosts break down a major real estate headline: "How Trump’s 2025 Tariffs Are Shaking Up the U.S. Housing Market." They explore how rising costs on imports could affect home construction, pricing, and the broader real estate landscape—even if you’re just a casual market watcher.
🏠Whether you're here for stories, stats, or skyscrapers, this episode delivers a tall order of Rent-ish goodness.
🎧 Listen now for architecture, economics, and a side of fries.
đź“© Got a real estate horror story or real estate question? Email us at questions@therentishpod.com and join the conversation!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
UNKNOWN (00:00):
you
SPEAKER_00 (00:02):
What's going on, everybody?
Welcome to the Rentish Podcast.
My name is Zach, and I'm herewith my co-host, Patrick.
What up?
We are your hosts this week andevery single week that we do
this show, at least for theforeseeable future.
But we're a podcast about rentalproperties and hosted by a
couple of guys that work in thereal estate industry and kind of
know what we're talking about.
SPEAKER_01 (00:22):
But mostly don't.
SPEAKER_00 (00:24):
That's right, Patrick.
Mostly we don't, which is whyyou'll have fun listening to us
talk to experts, get some actualopinions up in here and some
insight, and you'll You're gonnajust laugh along at how little
we know throughout the process.
Sound like fun?
Sounds fun.
We've been narrowing down thisthesis the whole time.
I think we're really gettinginto the groove of teaching
people through the power of fun,
SPEAKER_01 (00:46):
you know?
Oh, you're
SPEAKER_00 (00:47):
talking about...
Us, the two of us.
Us.
Yeah, we're teaching peoplethrough the power of fun.
We're like a PBS show.
Would you agree or no?
Yeah, I would say...
You're feeling a little bit moreeducated since the day we
started
SPEAKER_01 (01:00):
this?
I do feel like I know more.
I guess, yeah, that's a goodpoint.
I know more.
I'd assume that our listenersknow a little bit more.
Yeah.
SPEAKER_00 (01:06):
We're
SPEAKER_01 (01:06):
having fun.
I hope the listeners are too.
SPEAKER_00 (01:08):
Yeah, we hope you guys are too.
And if you are having fun, showus you're having fun by giving
us a rating or sending us acomment.
If you go to Spotify, ApplePodcasts, anywhere that podcasts
are served, you can rate andreview the podcast.
Give us a 5-star, give us a10-star, give us an A+.
Prove yourself.
Yeah, sure.
And send us your questions toquestions at therentishpod.com
if you want to be featured onthe show.
(01:29):
And if you have a topicsuggestion, a question for us, a
question for one of our experts,we would love to talk about it.
We'd love to talk to you guys.
Again, remember, that'srent-ish.
by the way.
Tried going to Spotify andtyping Rent-ish as all one word
the other day, didn't show up.
So Rent-ish.
It's actually a hyphen,
SPEAKER_01 (01:46):
Zach.
SPEAKER_00 (01:47):
Oh,
SPEAKER_01 (01:47):
hyphen.
Yeah, so the dash is the longerone.
A hyphen would be the one inthat case.
SPEAKER_00 (01:51):
I don't think I actually knew that difference.
SPEAKER_01 (01:53):
So yeah, hyphen would combine words together.
A dash is kind of more like apause.
You know when you say a dash andthere's a pause?
So
SPEAKER_00 (02:00):
Rent-ish.
Yes.
Should we change the name of thepod to Rent-ish?
Rent-ish.
Welcome to Rent-ish.
I'm your host, Zach.
Well, we're going to have agreat show today.
We've got a lot to talk about.
We're going to talk abouttariffs and how that could be
impacting the housing market.
We're also going to talk aboutthe Empire State Building.
But before we get into all that,Patrick, Red Robin Gate.
(02:21):
We've got to talk about it.
I'm upset.
We've got to talk about itbecause you're already coming
into the pod with a little bitof a down mood.
We've got to tell our listenerswhy or else they're going to be
wondering the whole episode.
Why is Patrick so sad?
He's talking about tariffs andhe's sad.
SPEAKER_01 (02:33):
Why are you sad?
It's because of the Red Robin.
So there's a Red Robinbottomless burger pass.
Burger Burger month.
Burger month for the month ofMay.
You actually, of all people,told me about this pass.
Yeah, I told you about this.
Where you get a burger a day fora month for a pass of$20.
You pay for the pass once,$20,and you can use it every day for
a month and get a burger and aside.
SPEAKER_00 (02:52):
And so today at 11 a.m.
Eastern time, the passes wentlive on the Red Rock website.
Yes, so I was on top
SPEAKER_01 (02:56):
of it starting at 10.30.
SPEAKER_00 (02:58):
And your experience was positive, right?
SPEAKER_01 (02:59):
It was a very negative experience.
I refreshed it.
I was on top of it the wholetime.
I refreshed it as soon as thepass went live.
And I got every single...
broken website error that youcould possibly receive like 502
gateway 503 504 refreshing likeeverything went haywire and
after an hour they post on theirsite sorry we're all out of
(03:20):
passes it's like your site wasnever working the whole from
minute one how did you run outof passes
SPEAKER_00 (03:25):
so marketing hype up
SPEAKER_01 (03:30):
I just wanted burgers so
SPEAKER_00 (03:32):
yeah not insinuating anything about Red Robin Red
Robin if you enjoy the Rentishpod feel free to send a burger
to questions at the Rentish podPatrick is very hungry.
I
SPEAKER_01 (03:41):
love a Red Robin burger, and I'm just very
disappointed by the outcome ofthis burger month thing.
SPEAKER_00 (03:46):
Well, I have no doubt that you're going to eat
plenty of burgers duringNational Burger Month.
SPEAKER_01 (03:49):
I had a burger today for lunch.
SPEAKER_00 (03:52):
But it just didn't have that same sweet taste.
It
SPEAKER_01 (03:55):
didn't have, no, it didn't have the$20 burger month
burger.
Yeah.
Yeah.
Okay.
SPEAKER_00 (04:01):
Well, keep us posted.
I will.
Can't wait to see how burgermonth shakes out.
What do you want me to keep you
SPEAKER_01 (04:05):
posted on?
Me eating a burger not with theburger pass?
SPEAKER_00 (04:08):
You
SPEAKER_01 (04:08):
could
SPEAKER_00 (04:08):
just come on and be like, I ate this really great
burger, and I'll be like, okay.
SPEAKER_01 (04:12):
I'll make sure to
SPEAKER_00 (04:13):
keep you posted.
Or if you're like, I went tothis restaurant, it was the best
burger I ever had.
SPEAKER_01 (04:18):
Yeah, it wouldn't be Red Robin, I guess, because I
don't have the burger pass.
SPEAKER_00 (04:21):
tough, Red Robin.
You're going to have to emailquestions at the Rent-A-Spot if
you want us to say positivethings about you.
SPEAKER_01 (04:27):
Take this to the email, Red Robin.
SPEAKER_00 (04:29):
Patrick will be ready for you.
Patrick, how about we get thisconversation a little bit more
lively by talking about tariffs?
Let's do it.
We're going to do real estatenews or real news, whatever we
call the segment here.
Basically, we're going to talkabout tariffs and how that's
shaking up the U.S.
real estate market.
I'm going to read a lot.
There's a lot on this page,Patrick.
Did you read any of the article?
SPEAKER_01 (04:50):
I don't I don't even have the article pulled up.
Hold on.
Or like, yeah, I didn't read
SPEAKER_00 (04:55):
the article.
That answers your question.
Okay, just making sure.
So today we're gonna be talkingabout the Trump administration's
new tariffs, what they are, whythey matter, and how they could
affect anyone who's looking tobuy, sell, or rent a home in the
US.
Patrick, it's easy to think,okay, housing market, housing
prices, blah, blah, blah, allthat stuff.
We also have to think about thatas renters, so you might hear
our perspective about it.
And feel free to just chime inand interrupt me.
(05:17):
Trump's 2025 tariffs, what'snew?
What is a tariff?
Patrick, what's a tariff?
It's a tax
SPEAKER_01 (05:22):
on American consumers when the company, or
when the American companies,when the company imports
something from another country,they have to pay a tax on the
import.
Like the American company has topay it.
And different countries havedifferent tariffs.
That's my understanding.
SPEAKER_00 (05:37):
Is that pretty accurate?
Basically, a tax on goods thatcome into the U.S.
from other countries.
If the U.S.
puts a tariff on steel fromChina, for example, the steel
becomes more expensive forAmerican companies to buy.
Which they pass off onto theconsumer is generally the thing.
Yeah.
Generally, the ideology behindthis administration's tariffs is
to push Americans towardAmerican-made products.
(06:00):
What's the right word?
Like dissuade people frompurchasing foreign goods and
instead
SPEAKER_01 (06:05):
opting for America.
For companies to make theirgoods in the U.S.
instead of importing them.
That's the hope.
SPEAKER_00 (06:13):
So basically the announcement in early 2025, the
Trump administration announced a10% tariff on all imports and
even higher tariffs up to 60% ongoods from China and some other
countries.
This includes things like steel,aluminum, copper, appliances,
and even some electronics.
Isn't it way more than 60%
SPEAKER_01 (06:29):
now?
SPEAKER_00 (06:30):
Yes.
Isn't it
SPEAKER_01 (06:31):
like we're at 350%?
Yeah,
SPEAKER_00 (06:33):
so we're recording this on April 17th.
We're just going off the newsdocument that we have here, but
there's always a chance that,you know, check your local news
source and get educated.
Obviously, Patrick and I, we'rejust real estate noobs here.
We did consult our real estatepros.
So why does this matter for realestate?
Real estate, Patrick.
SPEAKER_01 (06:51):
I'm going to guess because I actually have no idea.
It's because things are moreexpensive and then everything is
interconnected.
Yeah.
Right?
SPEAKER_00 (07:00):
Yeah.
You're on the right track.
I mean, like what I was sayingearlier is like, you know, some
of the examples, lumber, steel,appliances.
Oh.
You know, you kind of take thosestuff at face value or whatever.
It's like made for bigcompanies, commercial oil,
whatever.
But then you start thinkingabout it.
Real estate.
You have to build a house withmaterials.
You got to have lumber.
You got to have steel.
You got to have appliances.
It's all coming together.
Yeah, exactly.
So interestingly, fun fact, 22%of home construction materials
(07:23):
in the US come from China.
And the source on that is theNational Association of Home
Builders.
Super professional.
Yeah, super professional.
That should be the tagline onthe logo.
We need to update the logo.
Super professional.
All right.
So here's another real worldexample.
You ready?
Yeah.
(07:43):
If a builder used to pay about$10,000 for imported steel, a
10% tariff means they now pay$11,000.
That extra cost gets passed onto the home buyer.
So this is a direct source fromour professionals.
Again, they're saying that thesetariffs will impact the steel,
which impacts the property,which then impacts the home
(08:04):
buyer.
It's going to affect how muchthat you're paying for a new
property.
SPEAKER_01 (08:07):
Yeah, if the tariffs keep going up on China, right?
Because it's not a 10% tariffright now.
SPEAKER_00 (08:13):
Well, it was base, if I'm not mistaken, it was a
base 10% tariff, and then it wasspecialized per country Yeah,
right.
(08:50):
this could impact.
We're certainly going to bedealing with this more in this
administration.
Got some other information hereon how tariffs affect the real
estate market for theresidential real estate.
We got A, rising constructioncosts.
Tariffs make imported materialsmore expensive.
For example, again, Pat, iflumber prices go up, it costs
more to build a house.
The National Association of HomeBuilders says that a 10%
(09:13):
increase in material costs canadd$15,000 or more to the price
of a new home.
That makes sense.
That's a hefty little tax to puton there for your house if
you're going to buy one.
This doesn't affect just newhomes also.
You have to think renovations,repairs, all that stuff also
gets pricier.
Fewer new homes.
So when it costs more to build,some builders slow down or stop
(09:33):
projects entirely.
This means fewer new homes arebuilt, making it even harder for
buyers to find affordableoptions, right?
So a big positive about thehousing market is that as new
developments come up, there'smore opportunities for you to
buy.
You're not just buying olderproperties, but now there's
going to be, it's more expensiveto build, less homes get built,
less available options forpeople that are looking to buy a
house.
In 2021, a similar tariff onCanadian lumber added about
(09:54):
$36,000 to the price of a newhome.
We could see similar effectsnow.
All this, again, coming from theNational Association of Home
Builders.
So impact on first-time buyers.
If you're buying your firsthome, higher prices, fewer
choices make it tougher to getstarted.
So you might need to save longeror settle for a smaller home.
I know that we've talked aboutit.
(10:15):
You're interested in eventuallyone day getting some sort of
investment property or buying aproperty of your own.
SPEAKER_01 (10:19):
I'm hoping to.
sooner rather than later, but
SPEAKER_00 (10:23):
we'll see.
We'll see how long stuff likethis takes hold.
But then the other side of thecoin, commercial real estate.
So higher costs for businesses,obviously office buildings,
shopping centers, and apartmentcomplexes also use imported
materials.
So when costs go up, developersmay charge higher rents to cover
their expenses.
So if it costs a million dollarsmore to build an apartment
complex, the owner might raiserents by about$100 per month to
(10:45):
each unit to make up thedifference.
And that's just
SPEAKER_01 (10:48):
as a It's not normal in other–
SPEAKER_00 (10:52):
General inflation.
Oh, yeah.
It's not general inflation.
General rising costs of rent.
Generally, like the statsprobably say that you can expect
your rent to increase everysingle year.
It's just a matter of howrapidly and the amount that it
does.
SPEAKER_01 (11:04):
So this would make it more– this would increase the
acceleration of the natural
SPEAKER_00 (11:08):
income.
Yep.
And you have to imagine thatthis kind of thing probably will
impact more like apartmentcomplexes or buildings rather
than like the mom and pop sortof like apartment places or like
houses and stuff like that.
But it's going to impactbasically– anyone there.
If the landlord is not making asmuch money due to tariffs, the
tenant will be paying more tooccupy the space.
(11:29):
Investment slowdown.
So some investors may wait tostart new projects because
they're unsure how the tariffswill affect their profits, which
can slow down the growth of newbusiness and jobs in your area.
So again, it's just kind of likean trepidation about what's
going to happen.
There's a lot of uncertainty inthe air.
We've even gone back and forthbetween the two or three of us
(11:51):
about what the actual numbersare with the tariffs.
There's a lot of...
don't know out there.
So people are just waiting,playing the waiting game, wait
and see what happens.
How about luxury real estate?
We talked about Koh Samui on thelast episode, or at least one of
the last episodes about theWhite Lotus Resorts.
We're talking about luxury realestate.
So luxury real estate actuallymight benefit, some people are
(12:12):
saying.
When the stock market is shaky,wealthy people often look for
safer places to put their money.
Real estate, especially luxuryhomes, can seem like a safe bet.
In past years, luxury home saleshave actually gone up during
some times of economicuncertainty.
as investors look for stableassets.
That's realtor.com.
Fascinating, though.
That's so not my financialbracket.
(12:34):
That's not going to affect me.
Well, times are tough.
I'm going to go buy a mansion.
I don't really have thatdisposable income.
A$5 million home in Miami mightattract more buyers from
overseas or from Wall Street,even as the rest of the market
slows down.
Okay.
You want to hear some expertinsights and predictions?
SPEAKER_01 (12:51):
Yes, I'd love to hear what the professionals have
to say.
All
SPEAKER_00 (12:54):
right.
We've got a couple here.
So these are some pros you mightrecognize if you're into real
estate.
These are all new names for meand Patrick, but maybe some of
you out there might recognizethese folks.
Redfin chief economic economist.
SPEAKER_01 (13:06):
Daryl Fairweather.
Speak for yourself on you don't.
SPEAKER_00 (13:09):
Oh, you know who Daryl Fairweather is?
No, I have no idea.
You had me there for a second.
Daryl Fairweather.
That's a tough one to say 10times fast.
Quote, tariffs increase the costof constructing a new home,
pushing home prices up.
End quote.
Great quote, Daryl.
That was
SPEAKER_02 (13:25):
good.
SPEAKER_00 (13:25):
Didn't we say that like five minutes ago word for
word?
They could quote us.
Yeah, right.
Quote the Rentish podcast.
National Association of HomeBuilders.
Even a small increase inmaterial costs can add thousands
to the price of a new home,making it harder for buyers to
afford.
And that was, again, theNational Association of Home
Builders.
Man, lots of good quotes here.
(13:45):
But what to watch and advice forlisteners.
So we reached out to ourprofessionals, again, the people
that are helping give us greatinformation so that we can give
you guys fun, entertaining Ifeel like that's nothing new,
(14:06):
right?
I was going
SPEAKER_01 (14:12):
to
SPEAKER_00 (14:14):
say, seems very status quo.
Yeah.
You just have to heighten the, Iguess, the urgency factor maybe
a little bit on both sides ofthe spectrum.
It's like whether you're buyingmaybe even be more, you know,
urgent on your buying.
If you're selling, maybe even bea little bit more decisive with
your price.
I'll say that.
For renters, if building slowsdown, there could be fewer
(14:35):
rental options and higher rentsin the future.
So start searching early and beprepared to act fast.
One of my favorite quotes afriend of mine always told me
when I was struggling to find anapartment once when I was in
Cincinnati was, the best time tolook is when you already have a
place.
So yeah, just be vigilant outthere.
And then for investors, watchfor changes in both the stock
(14:56):
and real estate markets.
Luxury properties might performbetter than average homes.
And just a general tip, stayinformed.
The real estate market ischanging quickly and being up to
date can help you make betterdecisions.
SPEAKER_01 (15:07):
By the time you listen to this, it might be too
late.
SPEAKER_00 (15:11):
Well, by the time you listen to this, things could
have drastically changed.
Not to say that there's like adoom and gloom out there or
whatever, but it's like you justkeep vigilant, keep looking at
the latest news and makeeducated decisions.
Go out, consult professionals.
ask for advice like look forgood resources out there yeah
Patrick and I are having a funtime obviously talking to you
(15:31):
guys about all this stuff butyou need to be aware of how this
could impact you sorry you'regood Patrick just as I'm talking
about like making smartdecisions and Patrick just
rotated the whole podcast butyeah I think that's a good note
to end on do you think weadequately educated and informed
our readers
SPEAKER_01 (15:50):
yeah I would I would say so I mean I felt educated as
somebody who this is the firsttime seeing the article okay
like it makes sense i didn'tthink about these things in
terms of real estate thoughbecause i'm thinking like a home
it's like oh the homes aren'taffected it's we're in america
all these homes are american butlike you know that's not that's
the materials come fromelsewhere that's a great quote
too
SPEAKER_00 (16:09):
that should be the quote when i was going through
the patrick these homes areamerican they should be american
All right.
Well, I think we need to changegears and go to one of my
favorite segments, Proptology.
And this one is hosted byeveryone's favorite guy,
(16:30):
Patrick, who's going to talk fora little bit because Zach's been
talking for a lot.
SPEAKER_01 (16:33):
Yeah, hold on.
I can't find this articleeither.
Today on Proptology.
What?
What'd you say?
I said you segued me.
SPEAKER_00 (16:42):
Okay.
SPEAKER_01 (16:43):
What'd you think I said?
SPEAKER_00 (16:44):
Nothing.
It's just I've never heardanyone say you segwayed
SPEAKER_01 (16:47):
me.
I got segwayed by Zach.
SPEAKER_00 (16:48):
I got segwayed.
SPEAKER_01 (16:51):
Okay.
Today on Proptology, we aretalking about the Empire State
Building.
Ever heard of this building,Zach?
SPEAKER_00 (16:58):
I have, a few times, yeah.
SPEAKER_01 (17:00):
Pretty prominent.
Did you read the article?
SPEAKER_00 (17:02):
Oh, I certainly did.
SPEAKER_01 (17:03):
Okay.
SPEAKER_00 (17:04):
I'm an educated man.
I'm a professional.
We're a professional podcast.
SPEAKER_01 (17:08):
Yeah, so Empire State Building, I would say, is
one of the most iconic buildingsin the world.
Certainly one of the most iconicskyscrapers.
Maybe the most iconic buildingin America?
Wow.
SPEAKER_00 (17:20):
Well, so that's a great thought.
I think that maybe one of thesedays that would be a great
segment for us to do would belike power ranking the most
iconic buildings in America orsomething so like because we
still have a lot of otherbuildings to talk about on
Propetology but it's like yougot to think like American
buildings man there's so manyiconic ones out there it's like
do you consider like Golden GateBridge the Brooklyn Bridge just
(17:43):
buildings themselves
SPEAKER_01 (17:44):
I feel like a building where it's like okay it
has to have a door okay
SPEAKER_00 (17:50):
that's my definition of a building must have a door
alright we'll We'll circle backto that down the road.
I think that's a fun idea.
Did
SPEAKER_01 (17:59):
you know it was in New York City?
SPEAKER_00 (18:00):
I did know it was in New York City.
Sorry, I was confused over here.
No, you're good.
Yeah.
SPEAKER_01 (18:04):
Known for its art deco design, breathtaking views,
and starring role in countlessmovies.
I think also just its prominenceis like a very early– it's been
established almost 100 years atthis point.
How tall do you think it is?
I don't know if you were lookingat the article.
SPEAKER_00 (18:18):
See, this is the problem.
You always ask me thesequestions right as I get to that
point in the article.
I don't have a guess.
Tell me.
What is it?
SPEAKER_01 (18:26):
Illuminate me.
1,454 feet tall.
Wow.
SPEAKER_00 (18:30):
And that's including the antenna.
Yeah.
Which I think is a funny stat.
SPEAKER_01 (18:34):
I wonder how tall just the antenna is.
I guess I probably could havelooked
SPEAKER_00 (18:38):
that up.
I could probably look that
SPEAKER_01 (18:38):
up.
Also, I want to be inclusivehere.
Hold on.
Give me one second.
So for our European listeners oranybody else that's not from the
U.S., that's 443.1792 meters.
SPEAKER_00 (18:50):
We're measuring things in meters on this podcast
now?
Or you're just doing this to beinclusive?
I'm being inclusive.
Got it.
Okay, cool.
So yeah, that's fine.
That's fine.
I was like, if we're starting todo the metric system, I got to
change gears.
Well,
SPEAKER_01 (19:02):
as we learned, not all the materials on the Empire
State Building would come fromAmerica.
So other countries are going tobe involved.
Tariffs could impact the Empire
SPEAKER_00 (19:10):
State
SPEAKER_01 (19:11):
Building.
400, I forget what the stat was.
But weren't you looking upsomething?
SPEAKER_00 (19:16):
I can't find good stats on the antenna.
I'm sorry, buddy.
I tried.
Google was not giving me anygood results for just the
antenna.
Nobody knows.
We're going to have to climb upthere and measure it ourselves.
It's like you got one of thosetape measures that's Tell me a
little bit about the history ofthe building, man.
SPEAKER_01 (19:34):
Yeah.
So the idea for the Empire StateBuilding came during a
skyscraper race in the late1920s.
Business tycoons were obsessedwith outbuilding each other.
And after the Chrysler Buildingtook the crown as the tallest
building in 1930, the EmpireState Team said, hold my
blueprint.
SPEAKER_00 (19:53):
Who came up with that one?
That's a great editorial.
Yeah, that's a great editorial.
Hold my blueprint.
I love that.
I love that.
SPEAKER_01 (19:59):
Go ahead.
And then just to, the antenna isactually 204 feet.
No way.
It's that tall?
Wow.
Okay.
Wow.
Okay.
How many meters does that say?
That's 62 meters.
Oh, you were on it.
SPEAKER_00 (20:12):
So it's all these like business tycoons are just,
they're literally just playing,what is it?
Sim City.
They're basically me playing SimCity when I was like 10 years
old.
It's like, get it tall, make itbig.
I want the biggest building Ican build.
SPEAKER_01 (20:25):
Yeah.
So it started in 1930 after theChrysler building completed in
just 410 days.
Wow.
So a little over a year,according to my math, which
utilized over 3,400 workers,many of whom were Mohawk iron
workers known for theirfearlessness at heights.
SPEAKER_00 (20:43):
You ever seen those photos of like the workers like
on the...
It's
SPEAKER_01 (20:46):
insane.
SPEAKER_00 (20:47):
No.
SPEAKER_01 (20:47):
I could
SPEAKER_00 (20:48):
never, ever do that.
Nope.
Like they're just
SPEAKER_01 (20:50):
sitting on like eating lunch.
That's
SPEAKER_00 (20:53):
the famous photo is like all the guys with like
their toolbox lunches orwhatever.
I'm like looking at that.
I'm like, yeah, I haveterrible...
balance on like one sneeze.
Game over.
Game over.
SPEAKER_01 (21:05):
Well, the building opened up in May 1st, 1931 when
President Herbert Hoover at thetime pressed a button from
Washington, D.C.
to turn on the lights.
What?
Which actually isn't true.
It was not actually a buttonthat Herbert Hoover pressed.
It was just a show.
Symbolic.
Someone in New York City.
Symbolic.
Yeah.
SPEAKER_00 (21:23):
He hit the button.
They turned on the lights, buteveryone was like, oh, Herbert
Hoover clicked the button andturned on the Empire State
Building.
SPEAKER_01 (21:29):
Really?
It was There's just somenameless, faceless guy in New
York City that we don't know.
Yeah.
SPEAKER_00 (21:34):
I'd love to hear his story.
I
SPEAKER_01 (21:35):
would, too.
SPEAKER_00 (21:36):
I
SPEAKER_02 (21:36):
turned on
SPEAKER_00 (21:37):
the
SPEAKER_01 (21:38):
lights.
It's the real man who turned onthe lights.
So it opened up in 1931.
I don't know if you're much of ahistory buff, Zach, but the
Great Depression was in fullswing during that opening.
So, yeah, this is funny.
Are you ready for this, Zach?
SPEAKER_00 (21:55):
I'm ready for
SPEAKER_01 (21:56):
it.
It's a good joke.
This is funny.
So, no, the Great Depression isnot funny.
Not a funny thing.
No.
No.
No.
But as a result of the GreatDepression, office buildings
didn't really fill up for yearsbecause there just weren't the
jobs for it.
And so the nickname, this is thefunny part, was the Empty State
Building.
SPEAKER_00 (22:13):
Ha ha.
Ha ha ha ha.
Yeah.
That's a good one.
It was a lot of buildup forthat.
Should we talk about thebuilding itself?
I mean, like, just theaesthetic.
I mean, like, here's the thing,though.
When you say the words EmpireState Building, does anybody not
have the immediate just image intheir head from years of
watching television and movies.
(22:33):
It's got to be like...
The most
SPEAKER_01 (22:35):
iconic building in the US, one might say.
SPEAKER_00 (22:37):
I heard a smart man say that once.
Yeah, I did too.
20 minutes ago.
Like a majority of...
So many movies.
I would love to know the triviafact for how many movies in
America take place in New YorkCity.
Because it's got to be like anoverwhelming majority of them.
So many, yeah.
But it's like that building islike if you shoot a movie in New
York City, one of your shots isthat building.
(22:58):
And it's like...
SPEAKER_01 (22:59):
Interestingly enough, so it opened up in 1931.
So King Kong the King Kong moviethe original yeah 1933 have you
seen it yeah I love it I lovethe like the claymation
SPEAKER_00 (23:11):
gorilla
SPEAKER_01 (23:11):
effect
SPEAKER_00 (23:12):
yeah I really like Jack Black in the movie I think
it's really like anunderstanding I'm
SPEAKER_01 (23:15):
talking about the original one dude the one from
1933 got him I got him
SPEAKER_00 (23:24):
keep going keep going just trying to shake off
the madness
SPEAKER_01 (23:28):
anyways yeah so that movie premiered two years later
so that movie is really whatpopularized the building to the
mainstream
SPEAKER_00 (23:37):
I didn't know that
SPEAKER_01 (23:38):
yeah yeah yeah King Kong in case you haven't seen
the movie climbs the EmpireState Building I guess you don't
have to even have seen the movieto
SPEAKER_00 (23:45):
know that that scene that is like memed and pop
culturized to death like
SPEAKER_01 (23:51):
yeah
SPEAKER_00 (23:51):
the Simpsons did anything it's like that's one of
those like iconic things thatyou can see but the building
itself I mean like tall Art Decois another great descriptor it's
one of my favorite art stylelike building styles is like
that Art Deco like those sharpedges, very defined, very kind
of got that like postmodern kindof look.
It's beautiful.
SPEAKER_01 (24:08):
Interestingly enough, so I saw the Empire
State Building for the firsttime when I went to New York
City, I don't know, three, fouryears ago.
Yeah.
I thought that it was like gray.
The building's actually tan.
Did you know that?
It's like, it's more like abeige.
Maybe just from like the movies.
It's
SPEAKER_00 (24:26):
always illuminated in the movie.
So it's like even the photo thatwe have on the document, it
makes it look like blue, likemore like blue or like a white
kind of a building but it's likeit's just because it's always
like kind of illuminated or likethey're always capturing it in
like a specific kind of lightbut yeah it's just a because
like in King Kong it's a
SPEAKER_01 (24:41):
black and white movie and I just assumed the
whole world was black and whitein that you
SPEAKER_00 (24:45):
know yep yeah so you've been to the Empire State
Building I mean I haven't beenin it I've seen it I've been up
it oh you have yeah I have I didthe when I went to New York City
when I was 15 16 I rode theelevator to the top of the
Empire State Building got to goto the observatory deck oh Was
it cool?
It was very cool.
Yeah.
(25:05):
I don't remember a whole lotabout it.
Obviously, I was like a littlebit young to appreciate the
history of the building.
It was more so just like one ofthose touristy things that you
do when you're in New York.
You go to the Empire StateBuilding.
But it's cool.
It's busy.
I mean, if it's anything like Iremember what it was like when I
was there, it was like packedout line.
Like they had to queue you allthrough the bunch of the lobby.
And then you got in this bigelevator that you had to like
(25:26):
share with a bunch of otherpeople.
And I just remember it being along, long ride to the top of
the thing.
And then you go out and see thecity.
But– Yeah.
Nice.
It's cool.
SPEAKER_01 (25:35):
I don't know.
I don't have a ton of interestin doing it just because I know
it would be like super crowded.
It's very touristy.
I've seen it.
I've been up big buildings.
SPEAKER_00 (25:41):
I'm going to look up how much it costs right now.
SPEAKER_01 (25:43):
Okay.
Well, while you do that, I gotsome fun facts for you.
It was built at record speed.
It was one of the fastestskyscrapers ever built at a pace
of four and a half stories perweek.
Wowzers.
Yeah, I was waiting for thewowzers.
I got another one for you, Zach.
44
SPEAKER_00 (25:57):
bucks, by the
SPEAKER_01 (25:58):
way.
$44 for a
SPEAKER_00 (25:59):
ticket?
$44 to get to the top of theEmpire State Building.
SPEAKER_01 (26:02):
Yeah.
See, I would rather just go toanother building and just do it
for like$0.
You know what I mean?
SPEAKER_00 (26:08):
Sure.
SPEAKER_01 (26:09):
I get it.
And it was originally designedas a docking station for blimps.
Did you know that?
SPEAKER_00 (26:13):
I did not know that.
That's really
SPEAKER_01 (26:14):
cool.
Yeah.
That seems like a fake fact, butit is true.
SPEAKER_00 (26:17):
Imagine parking a blimp on the Empire State
Building.
Nerve-wracking.
Yeah.
Oh, my God.
Because of the pointy needle.
It's like, oh.
Uh-oh.
Pop.
Yeah.
Pop.
Oh, the humanity.
SPEAKER_01 (26:31):
Yeah, but this fire at the top was supposed to be a
mooring mast for airships.
Cool.
But after one test landingnearly blew passengers off the
roof, they scrapped the
SPEAKER_00 (26:42):
idea.
Oh, my God.
Wow.
Well, okay.
They didn't have the foresightthat we had.
Glad that they scrapped thatidea.
Yeah.
That's good.
SPEAKER_01 (26:50):
Another fun fact.
I don't know how fun this is.
A plane crashed into it,actually.
What?
SPEAKER_00 (27:00):
That was so abrupt.
Yeah, not as fun of a fact.
It's in the fun fact
SPEAKER_01 (27:05):
section.
SPEAKER_00 (27:05):
Don't blame me.
Well, how about history fact?
Tell me the history fact.
SPEAKER_01 (27:10):
History fact.
A plane crashed into thebuilding in 1945.
A B-25 bomber got lost in fogand slammed into the 79th floor.
Amazingly, the building heldstrong and most of the structure
remained intact.
SPEAKER_00 (27:21):
Wow, that is crazy.
SPEAKER_01 (27:22):
Yeah.
It changes colors all the time.
Oh, well, that is topical towhat we were talking about.
SPEAKER_00 (27:27):
Yeah, I mean, that's like one of those famous things.
It's like it changes colorsbased on what's happening pop
culture wise, too.
And I think like businesses canlike buy out the rights to
change the color.
Like I think recently they didsomething for Star Wars.
I think they had it illuminatedin like red and black lights for
like some.
Oh, it was when James Earl Jonespassed away.
When the actor that paid.
When
SPEAKER_01 (27:46):
did he pass away?
SPEAKER_00 (27:47):
Did I miss this?
You missed it.
Yeah, James Earl Jones passedaway a few months ago, I think.
Maybe I
SPEAKER_01 (27:52):
knew this.
SPEAKER_00 (27:52):
Yeah, but the voice actor.
voice actor for Darth Vader.
When he passed away, theyilluminated the tower in red and
black for Vader's colors.
But you'll see that all thetime.
People take photos out theirwindow in New York City or when
they're walking on the streets,like, oh, they have it
illuminated for...
The team that won the Super Bowlor whatever.
They do that stuff all the time.
I like the zip code fact.
(28:13):
What's the zip code fact?
I'm going to read this one whileyou're looking up things.
You're doing your own thingright now.
So the Empire State Building hasits own zip code with over 1,000
businesses inside.
The Empire State Building is sobusy, it has its own unique zip
code, 10118.
SPEAKER_01 (28:28):
No way.
SPEAKER_00 (28:29):
Way.
That is
SPEAKER_01 (28:33):
so interesting.
See, that's a fun fact.
SPEAKER_00 (28:37):
Yeah.
Super, super fun.
SPEAKER_01 (28:39):
That's great.
Wait, but what about, like, doother buildings that are equally
as busy have their own zipcodes?
I
SPEAKER_00 (28:45):
don't know.
The only two things, and thisis, like, such a Midwest
reference.
Shout out.
We're in Cincinnati, Ohio,recording this podcast.
The only things that I know ofthat have their own unique zip
codes is the Empire StateBuilding and the Ohio State
University.
Because I'm pretty sure theyalso have their own zip code.
Wow.
Okay.
I did not know
SPEAKER_01 (29:03):
that.
SPEAKER_00 (29:04):
What about the tallest building in the world
fact?
Did we already kind of readthrough that one?
SPEAKER_01 (29:07):
Yeah.
well actually the until I guesswe didn't read that one but yeah
for 40 years until the WorldTrade Center took over also in
New York City so the speedclimbing challenge yeah I don't
know what that means butapparently every year athletes
compete in the Empire StateBuilding run up where they race
up all 1,576 stairs to the topthat sounds horrible no thank
you the record is just under 10minutes I cannot fathom that
(29:31):
that's crazy
SPEAKER_00 (29:32):
I hate the stair master at the gym I know that
it's good for you I try and doit but god it's awful I think
that maybe if you would havegotten the Red Robin Unlimited
Burger Pass, you would have hadto do those 1,576 stairs after
the end of Burger Month to wearoff all those calories.
SPEAKER_01 (29:48):
10 minutes just doesn't...
I feel like there's definitelysome elevator cheating there.
They took an elevator fromfloors 14 to 25.
SPEAKER_00 (29:54):
They're doing that thing that obnoxious high
schools kids did where they skipsteps.
Remember that?
They're going up the stairs andinstead of going one stair at a
time, you reach your leg up togo up.
I do that.
SPEAKER_01 (30:04):
I skip steps.
You skip steps?
It's a more efficient way to getto the top of the staircase.
I guess
SPEAKER_00 (30:09):
I just like following the rules.
SPEAKER_01 (30:11):
I'm an anarchist.
What do we got?
We got a trivia fact?
All right, last one.
You can see five states from thetop of the Empire State
Building.
Did you
SPEAKER_00 (30:20):
know that?
I did not know that.
All the states that border NewYork.
SPEAKER_01 (30:24):
Yeah, New York, New Jersey, Pennsylvania,
Connecticut, and Massachusetts.
That's awesome.
Yeah.
Yeah,
SPEAKER_00 (30:28):
very cool.
SPEAKER_01 (30:29):
Yeah.
SPEAKER_00 (30:29):
Very cool.
It's like the four corners.
Have you ever been to the fourcorners?
I have.
SPEAKER_01 (30:32):
I've never been.
It's literally not
SPEAKER_00 (30:35):
that cool.
Yeah, it's just a sign.
I got one more question for youbefore we wrap this up.
Okay.
Because obviously we talkedabout about king kong movies
it's like too hard to namebecause if you search empire
state building movies it's likeyou're just going to get an
unlimited google search rightwhen when i say besides king
kong so exclude that when i sayempire state building in a movie
(30:55):
what's the first one that comesto your mind so besides king
kong
SPEAKER_01 (30:58):
yeah i'm thinking an affair to remember with cary
grant it's like from the 50sthey're on the like pivotal
scene is on the empire statebuilding cool i think it's that
building at least but yeah
SPEAKER_00 (31:08):
never seen
SPEAKER_01 (31:09):
it i think it's that that movie too an affair to
remember Let me just doublecheck.
SPEAKER_00 (31:12):
I mean, that's one of the ones that pops up.
SPEAKER_01 (31:14):
Okay, yeah.
SPEAKER_00 (31:15):
An affair to remember.
SPEAKER_01 (31:16):
Yeah.
I mean, it's basically like themovie's good.
That scene, though, it's like aniconic scene where they meet up
at the Empire State Building atthe end.
SPEAKER_00 (31:27):
Independence Day.
I'm going to go with one thatthe cool kids will know.
Independence Day.
You got the ships coming down onthe spire or whatever, you know.
Welcome to Earth.
Patrick doesn't like fun moviesfor fun.
I'm
SPEAKER_01 (31:43):
not an Independence Day fan.
SPEAKER_00 (31:45):
It's not a great movie, but it's a fun movie.
SPEAKER_01 (31:47):
I love alien invasion movies, and that, in my
opinion, is one of the lesserones of the popular ones.
SPEAKER_00 (31:53):
What did you say to me about The White Lotus?
You're like, you're just a haterof everything.
Yeah, you
SPEAKER_01 (31:57):
hate things that bring people joy.
SPEAKER_00 (32:00):
So I could say the same thing about you not liking
Independence Day.
Yeah, I guess you could.
I don't really
SPEAKER_01 (32:05):
have an argument against that.
SPEAKER_00 (32:07):
Hello, boys.
I'm back.
Great movie.
All right.
Well, that's all that we've gottime for today, Patrick.
Thank you for leading thePropetology segment.
Again, Empire State Building, gocheck it out.
And if you visited it before, ifyou have any fun stories about
the Empire State Building, or ifyou want to write in with your
favorite movie that has it init, feel free to email questions
at therentishpod.com.
Yeah, I've been Zach.
(32:27):
That's been Patrick.
Follow us online.
Follow us anywhere that you canget your podcast or give us a
rating, a five-star review or acomment.
We would really appreciate it.
Email us.
We'd be happy to talk to you.
Happy to hear your feedback.
Patrick, it's been a great show.
You had fun today?
SPEAKER_01 (32:40):
Yes.
Correct.
Correct.
Me too.
So fun.
And it was fun and to bring itfull circle, fun and
educational.
And educational.
SPEAKER_00 (32:48):
Learning
SPEAKER_01 (32:49):
can be fun, kids.
Yes.
The more you know.
SPEAKER_00 (32:56):
Alright, thanks everyone.
you
SPEAKER_00 (00:02):
What's going on, everybody?
Welcome to the Rentish Podcast.
My name is Zach, and I'm herewith my co-host, Patrick.
What up?
We are your hosts this week andevery single week that we do
this show, at least for theforeseeable future.
But we're a podcast about rentalproperties and hosted by a
couple of guys that work in thereal estate industry and kind of
know what we're talking about.
SPEAKER_01 (00:22):
But mostly don't.
SPEAKER_00 (00:24):
That's right, Patrick.
Mostly we don't, which is whyyou'll have fun listening to us
talk to experts, get some actualopinions up in here and some
insight, and you'll You're gonnajust laugh along at how little
we know throughout the process.
Sound like fun?
Sounds fun.
We've been narrowing down thisthesis the whole time.
I think we're really gettinginto the groove of teaching
people through the power of fun,
SPEAKER_01 (00:46):
you know?
Oh, you're
SPEAKER_00 (00:47):
talking about...
Us, the two of us.
Us.
Yeah, we're teaching peoplethrough the power of fun.
We're like a PBS show.
Would you agree or no?
Yeah, I would say...
You're feeling a little bit moreeducated since the day we
started
SPEAKER_01 (01:00):
this?
I do feel like I know more.
I guess, yeah, that's a goodpoint.
I know more.
I'd assume that our listenersknow a little bit more.
Yeah.
SPEAKER_00 (01:06):
We're
SPEAKER_01 (01:06):
having fun.
I hope the listeners are too.
SPEAKER_00 (01:08):
Yeah, we hope you guys are too.
And if you are having fun, showus you're having fun by giving
us a rating or sending us acomment.
If you go to Spotify, ApplePodcasts, anywhere that podcasts
are served, you can rate andreview the podcast.
Give us a 5-star, give us a10-star, give us an A+.
Prove yourself.
Yeah, sure.
And send us your questions toquestions at therentishpod.com
if you want to be featured onthe show.
(01:29):
And if you have a topicsuggestion, a question for us, a
question for one of our experts,we would love to talk about it.
We'd love to talk to you guys.
Again, remember, that'srent-ish.
by the way.
Tried going to Spotify andtyping Rent-ish as all one word
the other day, didn't show up.
So Rent-ish.
It's actually a hyphen,
SPEAKER_01 (01:46):
Zach.
SPEAKER_00 (01:47):
Oh,
SPEAKER_01 (01:47):
hyphen.
Yeah, so the dash is the longerone.
A hyphen would be the one inthat case.
SPEAKER_00 (01:51):
I don't think I actually knew that difference.
SPEAKER_01 (01:53):
So yeah, hyphen would combine words together.
A dash is kind of more like apause.
You know when you say a dash andthere's a pause?
So
SPEAKER_00 (02:00):
Rent-ish.
Yes.
Should we change the name of thepod to Rent-ish?
Rent-ish.
Welcome to Rent-ish.
I'm your host, Zach.
Well, we're going to have agreat show today.
We've got a lot to talk about.
We're going to talk abouttariffs and how that could be
impacting the housing market.
We're also going to talk aboutthe Empire State Building.
But before we get into all that,Patrick, Red Robin Gate.
(02:21):
We've got to talk about it.
I'm upset.
We've got to talk about itbecause you're already coming
into the pod with a little bitof a down mood.
We've got to tell our listenerswhy or else they're going to be
wondering the whole episode.
Why is Patrick so sad?
He's talking about tariffs andhe's sad.
SPEAKER_01 (02:33):
Why are you sad?
It's because of the Red Robin.
So there's a Red Robinbottomless burger pass.
Burger Burger month.
Burger month for the month ofMay.
You actually, of all people,told me about this pass.
Yeah, I told you about this.
Where you get a burger a day fora month for a pass of$20.
You pay for the pass once,$20,and you can use it every day for
a month and get a burger and aside.
SPEAKER_00 (02:52):
And so today at 11 a.m.
Eastern time, the passes wentlive on the Red Rock website.
Yes, so I was on top
SPEAKER_01 (02:56):
of it starting at 10.30.
SPEAKER_00 (02:58):
And your experience was positive, right?
SPEAKER_01 (02:59):
It was a very negative experience.
I refreshed it.
I was on top of it the wholetime.
I refreshed it as soon as thepass went live.
And I got every single...
broken website error that youcould possibly receive like 502
gateway 503 504 refreshing likeeverything went haywire and
after an hour they post on theirsite sorry we're all out of
(03:20):
passes it's like your site wasnever working the whole from
minute one how did you run outof passes
SPEAKER_00 (03:25):
so marketing hype up
SPEAKER_01 (03:30):
I just wanted burgers so
SPEAKER_00 (03:32):
yeah not insinuating anything about Red Robin Red
Robin if you enjoy the Rentishpod feel free to send a burger
to questions at the Rentish podPatrick is very hungry.
I
SPEAKER_01 (03:41):
love a Red Robin burger, and I'm just very
disappointed by the outcome ofthis burger month thing.
SPEAKER_00 (03:46):
Well, I have no doubt that you're going to eat
plenty of burgers duringNational Burger Month.
SPEAKER_01 (03:49):
I had a burger today for lunch.
SPEAKER_00 (03:52):
But it just didn't have that same sweet taste.
It
SPEAKER_01 (03:55):
didn't have, no, it didn't have the$20 burger month
burger.
Yeah.
Yeah.
Okay.
SPEAKER_00 (04:01):
Well, keep us posted.
I will.
Can't wait to see how burgermonth shakes out.
What do you want me to keep you
SPEAKER_01 (04:05):
posted on?
Me eating a burger not with theburger pass?
SPEAKER_00 (04:08):
You
SPEAKER_01 (04:08):
could
SPEAKER_00 (04:08):
just come on and be like, I ate this really great
burger, and I'll be like, okay.
SPEAKER_01 (04:12):
I'll make sure to
SPEAKER_00 (04:13):
keep you posted.
Or if you're like, I went tothis restaurant, it was the best
burger I ever had.
SPEAKER_01 (04:18):
Yeah, it wouldn't be Red Robin, I guess, because I
don't have the burger pass.
SPEAKER_00 (04:21):
tough, Red Robin.
You're going to have to emailquestions at the Rent-A-Spot if
you want us to say positivethings about you.
SPEAKER_01 (04:27):
Take this to the email, Red Robin.
SPEAKER_00 (04:29):
Patrick will be ready for you.
Patrick, how about we get thisconversation a little bit more
lively by talking about tariffs?
Let's do it.
We're going to do real estatenews or real news, whatever we
call the segment here.
Basically, we're going to talkabout tariffs and how that's
shaking up the U.S.
real estate market.
I'm going to read a lot.
There's a lot on this page,Patrick.
Did you read any of the article?
SPEAKER_01 (04:50):
I don't I don't even have the article pulled up.
Hold on.
Or like, yeah, I didn't read
SPEAKER_00 (04:55):
the article.
That answers your question.
Okay, just making sure.
So today we're gonna be talkingabout the Trump administration's
new tariffs, what they are, whythey matter, and how they could
affect anyone who's looking tobuy, sell, or rent a home in the
US.
Patrick, it's easy to think,okay, housing market, housing
prices, blah, blah, blah, allthat stuff.
We also have to think about thatas renters, so you might hear
our perspective about it.
And feel free to just chime inand interrupt me.
(05:17):
Trump's 2025 tariffs, what'snew?
What is a tariff?
Patrick, what's a tariff?
It's a tax
SPEAKER_01 (05:22):
on American consumers when the company, or
when the American companies,when the company imports
something from another country,they have to pay a tax on the
import.
Like the American company has topay it.
And different countries havedifferent tariffs.
That's my understanding.
SPEAKER_00 (05:37):
Is that pretty accurate?
Basically, a tax on goods thatcome into the U.S.
from other countries.
If the U.S.
puts a tariff on steel fromChina, for example, the steel
becomes more expensive forAmerican companies to buy.
Which they pass off onto theconsumer is generally the thing.
Yeah.
Generally, the ideology behindthis administration's tariffs is
to push Americans towardAmerican-made products.
(06:00):
What's the right word?
Like dissuade people frompurchasing foreign goods and
instead
SPEAKER_01 (06:05):
opting for America.
For companies to make theirgoods in the U.S.
instead of importing them.
That's the hope.
SPEAKER_00 (06:13):
So basically the announcement in early 2025, the
Trump administration announced a10% tariff on all imports and
even higher tariffs up to 60% ongoods from China and some other
countries.
This includes things like steel,aluminum, copper, appliances,
and even some electronics.
Isn't it way more than 60%
SPEAKER_01 (06:29):
now?
SPEAKER_00 (06:30):
Yes.
Isn't it
SPEAKER_01 (06:31):
like we're at 350%?
Yeah,
SPEAKER_00 (06:33):
so we're recording this on April 17th.
We're just going off the newsdocument that we have here, but
there's always a chance that,you know, check your local news
source and get educated.
Obviously, Patrick and I, we'rejust real estate noobs here.
We did consult our real estatepros.
So why does this matter for realestate?
Real estate, Patrick.
SPEAKER_01 (06:51):
I'm going to guess because I actually have no idea.
It's because things are moreexpensive and then everything is
interconnected.
Yeah.
Right?
SPEAKER_00 (07:00):
Yeah.
You're on the right track.
I mean, like what I was sayingearlier is like, you know, some
of the examples, lumber, steel,appliances.
Oh.
You know, you kind of take thosestuff at face value or whatever.
It's like made for bigcompanies, commercial oil,
whatever.
But then you start thinkingabout it.
Real estate.
You have to build a house withmaterials.
You got to have lumber.
You got to have steel.
You got to have appliances.
It's all coming together.
Yeah, exactly.
So interestingly, fun fact, 22%of home construction materials
(07:23):
in the US come from China.
And the source on that is theNational Association of Home
Builders.
Super professional.
Yeah, super professional.
That should be the tagline onthe logo.
We need to update the logo.
Super professional.
All right.
So here's another real worldexample.
You ready?
Yeah.
(07:43):
If a builder used to pay about$10,000 for imported steel, a
10% tariff means they now pay$11,000.
That extra cost gets passed onto the home buyer.
So this is a direct source fromour professionals.
Again, they're saying that thesetariffs will impact the steel,
which impacts the property,which then impacts the home
(08:04):
buyer.
It's going to affect how muchthat you're paying for a new
property.
SPEAKER_01 (08:07):
Yeah, if the tariffs keep going up on China, right?
Because it's not a 10% tariffright now.
SPEAKER_00 (08:13):
Well, it was base, if I'm not mistaken, it was a
base 10% tariff, and then it wasspecialized per country Yeah,
right.
(08:50):
this could impact.
We're certainly going to bedealing with this more in this
administration.
Got some other information hereon how tariffs affect the real
estate market for theresidential real estate.
We got A, rising constructioncosts.
Tariffs make imported materialsmore expensive.
For example, again, Pat, iflumber prices go up, it costs
more to build a house.
The National Association of HomeBuilders says that a 10%
(09:13):
increase in material costs canadd$15,000 or more to the price
of a new home.
That makes sense.
That's a hefty little tax to puton there for your house if
you're going to buy one.
This doesn't affect just newhomes also.
You have to think renovations,repairs, all that stuff also
gets pricier.
Fewer new homes.
So when it costs more to build,some builders slow down or stop
(09:33):
projects entirely.
This means fewer new homes arebuilt, making it even harder for
buyers to find affordableoptions, right?
So a big positive about thehousing market is that as new
developments come up, there'smore opportunities for you to
buy.
You're not just buying olderproperties, but now there's
going to be, it's more expensiveto build, less homes get built,
less available options forpeople that are looking to buy a
house.
In 2021, a similar tariff onCanadian lumber added about
(09:54):
$36,000 to the price of a newhome.
We could see similar effectsnow.
All this, again, coming from theNational Association of Home
Builders.
So impact on first-time buyers.
If you're buying your firsthome, higher prices, fewer
choices make it tougher to getstarted.
So you might need to save longeror settle for a smaller home.
I know that we've talked aboutit.
(10:15):
You're interested in eventuallyone day getting some sort of
investment property or buying aproperty of your own.
SPEAKER_01 (10:19):
I'm hoping to.
sooner rather than later, but
SPEAKER_00 (10:23):
we'll see.
We'll see how long stuff likethis takes hold.
But then the other side of thecoin, commercial real estate.
So higher costs for businesses,obviously office buildings,
shopping centers, and apartmentcomplexes also use imported
materials.
So when costs go up, developersmay charge higher rents to cover
their expenses.
So if it costs a million dollarsmore to build an apartment
complex, the owner might raiserents by about$100 per month to
(10:45):
each unit to make up thedifference.
And that's just
SPEAKER_01 (10:48):
as a It's not normal in other–
SPEAKER_00 (10:52):
General inflation.
Oh, yeah.
It's not general inflation.
General rising costs of rent.
Generally, like the statsprobably say that you can expect
your rent to increase everysingle year.
It's just a matter of howrapidly and the amount that it
does.
SPEAKER_01 (11:04):
So this would make it more– this would increase the
acceleration of the natural
SPEAKER_00 (11:08):
income.
Yep.
And you have to imagine thatthis kind of thing probably will
impact more like apartmentcomplexes or buildings rather
than like the mom and pop sortof like apartment places or like
houses and stuff like that.
But it's going to impactbasically– anyone there.
If the landlord is not making asmuch money due to tariffs, the
tenant will be paying more tooccupy the space.
(11:29):
Investment slowdown.
So some investors may wait tostart new projects because
they're unsure how the tariffswill affect their profits, which
can slow down the growth of newbusiness and jobs in your area.
So again, it's just kind of likean trepidation about what's
going to happen.
There's a lot of uncertainty inthe air.
We've even gone back and forthbetween the two or three of us
(11:51):
about what the actual numbersare with the tariffs.
There's a lot of...
don't know out there.
So people are just waiting,playing the waiting game, wait
and see what happens.
How about luxury real estate?
We talked about Koh Samui on thelast episode, or at least one of
the last episodes about theWhite Lotus Resorts.
We're talking about luxury realestate.
So luxury real estate actuallymight benefit, some people are
(12:12):
saying.
When the stock market is shaky,wealthy people often look for
safer places to put their money.
Real estate, especially luxuryhomes, can seem like a safe bet.
In past years, luxury home saleshave actually gone up during
some times of economicuncertainty.
as investors look for stableassets.
That's realtor.com.
Fascinating, though.
That's so not my financialbracket.
(12:34):
That's not going to affect me.
Well, times are tough.
I'm going to go buy a mansion.
I don't really have thatdisposable income.
A$5 million home in Miami mightattract more buyers from
overseas or from Wall Street,even as the rest of the market
slows down.
Okay.
You want to hear some expertinsights and predictions?
SPEAKER_01 (12:51):
Yes, I'd love to hear what the professionals have
to say.
All
SPEAKER_00 (12:54):
right.
We've got a couple here.
So these are some pros you mightrecognize if you're into real
estate.
These are all new names for meand Patrick, but maybe some of
you out there might recognizethese folks.
Redfin chief economic economist.
SPEAKER_01 (13:06):
Daryl Fairweather.
Speak for yourself on you don't.
SPEAKER_00 (13:09):
Oh, you know who Daryl Fairweather is?
No, I have no idea.
You had me there for a second.
Daryl Fairweather.
That's a tough one to say 10times fast.
Quote, tariffs increase the costof constructing a new home,
pushing home prices up.
End quote.
Great quote, Daryl.
That was
SPEAKER_02 (13:25):
good.
SPEAKER_00 (13:25):
Didn't we say that like five minutes ago word for
word?
They could quote us.
Yeah, right.
Quote the Rentish podcast.
National Association of HomeBuilders.
Even a small increase inmaterial costs can add thousands
to the price of a new home,making it harder for buyers to
afford.
And that was, again, theNational Association of Home
Builders.
Man, lots of good quotes here.
(13:45):
But what to watch and advice forlisteners.
So we reached out to ourprofessionals, again, the people
that are helping give us greatinformation so that we can give
you guys fun, entertaining Ifeel like that's nothing new,
(14:06):
right?
I was going
SPEAKER_01 (14:12):
to
SPEAKER_00 (14:14):
say, seems very status quo.
Yeah.
You just have to heighten the, Iguess, the urgency factor maybe
a little bit on both sides ofthe spectrum.
It's like whether you're buyingmaybe even be more, you know,
urgent on your buying.
If you're selling, maybe even bea little bit more decisive with
your price.
I'll say that.
For renters, if building slowsdown, there could be fewer
(14:35):
rental options and higher rentsin the future.
So start searching early and beprepared to act fast.
One of my favorite quotes afriend of mine always told me
when I was struggling to find anapartment once when I was in
Cincinnati was, the best time tolook is when you already have a
place.
So yeah, just be vigilant outthere.
And then for investors, watchfor changes in both the stock
(14:56):
and real estate markets.
Luxury properties might performbetter than average homes.
And just a general tip, stayinformed.
The real estate market ischanging quickly and being up to
date can help you make betterdecisions.
SPEAKER_01 (15:07):
By the time you listen to this, it might be too
late.
SPEAKER_00 (15:11):
Well, by the time you listen to this, things could
have drastically changed.
Not to say that there's like adoom and gloom out there or
whatever, but it's like you justkeep vigilant, keep looking at
the latest news and makeeducated decisions.
Go out, consult professionals.
ask for advice like look forgood resources out there yeah
Patrick and I are having a funtime obviously talking to you
(15:31):
guys about all this stuff butyou need to be aware of how this
could impact you sorry you'regood Patrick just as I'm talking
about like making smartdecisions and Patrick just
rotated the whole podcast butyeah I think that's a good note
to end on do you think weadequately educated and informed
our readers
SPEAKER_01 (15:50):
yeah I would I would say so I mean I felt educated as
somebody who this is the firsttime seeing the article okay
like it makes sense i didn'tthink about these things in
terms of real estate thoughbecause i'm thinking like a home
it's like oh the homes aren'taffected it's we're in america
all these homes are american butlike you know that's not that's
the materials come fromelsewhere that's a great quote
too
SPEAKER_00 (16:09):
that should be the quote when i was going through
the patrick these homes areamerican they should be american
All right.
Well, I think we need to changegears and go to one of my
favorite segments, Proptology.
And this one is hosted byeveryone's favorite guy,
(16:30):
Patrick, who's going to talk fora little bit because Zach's been
talking for a lot.
SPEAKER_01 (16:33):
Yeah, hold on.
I can't find this articleeither.
Today on Proptology.
What?
What'd you say?
I said you segued me.
SPEAKER_00 (16:42):
Okay.
SPEAKER_01 (16:43):
What'd you think I said?
SPEAKER_00 (16:44):
Nothing.
It's just I've never heardanyone say you segwayed
SPEAKER_01 (16:47):
me.
I got segwayed by Zach.
SPEAKER_00 (16:48):
I got segwayed.
SPEAKER_01 (16:51):
Okay.
Today on Proptology, we aretalking about the Empire State
Building.
Ever heard of this building,Zach?
SPEAKER_00 (16:58):
I have, a few times, yeah.
SPEAKER_01 (17:00):
Pretty prominent.
Did you read the article?
SPEAKER_00 (17:02):
Oh, I certainly did.
SPEAKER_01 (17:03):
Okay.
SPEAKER_00 (17:04):
I'm an educated man.
I'm a professional.
We're a professional podcast.
SPEAKER_01 (17:08):
Yeah, so Empire State Building, I would say, is
one of the most iconic buildingsin the world.
Certainly one of the most iconicskyscrapers.
Maybe the most iconic buildingin America?
Wow.
SPEAKER_00 (17:20):
Well, so that's a great thought.
I think that maybe one of thesedays that would be a great
segment for us to do would belike power ranking the most
iconic buildings in America orsomething so like because we
still have a lot of otherbuildings to talk about on
Propetology but it's like yougot to think like American
buildings man there's so manyiconic ones out there it's like
do you consider like Golden GateBridge the Brooklyn Bridge just
(17:43):
buildings themselves
SPEAKER_01 (17:44):
I feel like a building where it's like okay it
has to have a door okay
SPEAKER_00 (17:50):
that's my definition of a building must have a door
alright we'll We'll circle backto that down the road.
I think that's a fun idea.
Did
SPEAKER_01 (17:59):
you know it was in New York City?
SPEAKER_00 (18:00):
I did know it was in New York City.
Sorry, I was confused over here.
No, you're good.
Yeah.
SPEAKER_01 (18:04):
Known for its art deco design, breathtaking views,
and starring role in countlessmovies.
I think also just its prominenceis like a very early– it's been
established almost 100 years atthis point.
How tall do you think it is?
I don't know if you were lookingat the article.
SPEAKER_00 (18:18):
See, this is the problem.
You always ask me thesequestions right as I get to that
point in the article.
I don't have a guess.
Tell me.
What is it?
SPEAKER_01 (18:26):
Illuminate me.
1,454 feet tall.
Wow.
SPEAKER_00 (18:30):
And that's including the antenna.
Yeah.
Which I think is a funny stat.
SPEAKER_01 (18:34):
I wonder how tall just the antenna is.
I guess I probably could havelooked
SPEAKER_00 (18:38):
that up.
I could probably look that
SPEAKER_01 (18:38):
up.
Also, I want to be inclusivehere.
Hold on.
Give me one second.
So for our European listeners oranybody else that's not from the
U.S., that's 443.1792 meters.
SPEAKER_00 (18:50):
We're measuring things in meters on this podcast
now?
Or you're just doing this to beinclusive?
I'm being inclusive.
Got it.
Okay, cool.
So yeah, that's fine.
That's fine.
I was like, if we're starting todo the metric system, I got to
change gears.
Well,
SPEAKER_01 (19:02):
as we learned, not all the materials on the Empire
State Building would come fromAmerica.
So other countries are going tobe involved.
Tariffs could impact the Empire
SPEAKER_00 (19:10):
State
SPEAKER_01 (19:11):
Building.
400, I forget what the stat was.
But weren't you looking upsomething?
SPEAKER_00 (19:16):
I can't find good stats on the antenna.
I'm sorry, buddy.
I tried.
Google was not giving me anygood results for just the
antenna.
Nobody knows.
We're going to have to climb upthere and measure it ourselves.
It's like you got one of thosetape measures that's Tell me a
little bit about the history ofthe building, man.
SPEAKER_01 (19:34):
Yeah.
So the idea for the Empire StateBuilding came during a
skyscraper race in the late1920s.
Business tycoons were obsessedwith outbuilding each other.
And after the Chrysler Buildingtook the crown as the tallest
building in 1930, the EmpireState Team said, hold my
blueprint.
SPEAKER_00 (19:53):
Who came up with that one?
That's a great editorial.
Yeah, that's a great editorial.
Hold my blueprint.
I love that.
I love that.
SPEAKER_01 (19:59):
Go ahead.
And then just to, the antenna isactually 204 feet.
No way.
It's that tall?
Wow.
Okay.
Wow.
Okay.
How many meters does that say?
That's 62 meters.
Oh, you were on it.
SPEAKER_00 (20:12):
So it's all these like business tycoons are just,
they're literally just playing,what is it?
Sim City.
They're basically me playing SimCity when I was like 10 years
old.
It's like, get it tall, make itbig.
I want the biggest building Ican build.
SPEAKER_01 (20:25):
Yeah.
So it started in 1930 after theChrysler building completed in
just 410 days.
Wow.
So a little over a year,according to my math, which
utilized over 3,400 workers,many of whom were Mohawk iron
workers known for theirfearlessness at heights.
SPEAKER_00 (20:43):
You ever seen those photos of like the workers like
on the...
It's
SPEAKER_01 (20:46):
insane.
SPEAKER_00 (20:47):
No.
SPEAKER_01 (20:47):
I could
SPEAKER_00 (20:48):
never, ever do that.
Nope.
Like they're just
SPEAKER_01 (20:50):
sitting on like eating lunch.
That's
SPEAKER_00 (20:53):
the famous photo is like all the guys with like
their toolbox lunches orwhatever.
I'm like looking at that.
I'm like, yeah, I haveterrible...
balance on like one sneeze.
Game over.
Game over.
SPEAKER_01 (21:05):
Well, the building opened up in May 1st, 1931 when
President Herbert Hoover at thetime pressed a button from
Washington, D.C.
to turn on the lights.
What?
Which actually isn't true.
It was not actually a buttonthat Herbert Hoover pressed.
It was just a show.
Symbolic.
Someone in New York City.
Symbolic.
Yeah.
SPEAKER_00 (21:23):
He hit the button.
They turned on the lights, buteveryone was like, oh, Herbert
Hoover clicked the button andturned on the Empire State
Building.
SPEAKER_01 (21:29):
Really?
It was There's just somenameless, faceless guy in New
York City that we don't know.
Yeah.
SPEAKER_00 (21:34):
I'd love to hear his story.
I
SPEAKER_01 (21:35):
would, too.
SPEAKER_00 (21:36):
I
SPEAKER_02 (21:36):
turned on
SPEAKER_00 (21:37):
the
SPEAKER_01 (21:38):
lights.
It's the real man who turned onthe lights.
So it opened up in 1931.
I don't know if you're much of ahistory buff, Zach, but the
Great Depression was in fullswing during that opening.
So, yeah, this is funny.
Are you ready for this, Zach?
SPEAKER_00 (21:55):
I'm ready for
SPEAKER_01 (21:56):
it.
It's a good joke.
This is funny.
So, no, the Great Depression isnot funny.
Not a funny thing.
No.
No.
No.
But as a result of the GreatDepression, office buildings
didn't really fill up for yearsbecause there just weren't the
jobs for it.
And so the nickname, this is thefunny part, was the Empty State
Building.
SPEAKER_00 (22:13):
Ha ha.
Ha ha ha ha.
Yeah.
That's a good one.
It was a lot of buildup forthat.
Should we talk about thebuilding itself?
I mean, like, just theaesthetic.
I mean, like, here's the thing,though.
When you say the words EmpireState Building, does anybody not
have the immediate just image intheir head from years of
watching television and movies.
(22:33):
It's got to be like...
The most
SPEAKER_01 (22:35):
iconic building in the US, one might say.
SPEAKER_00 (22:37):
I heard a smart man say that once.
Yeah, I did too.
20 minutes ago.
Like a majority of...
So many movies.
I would love to know the triviafact for how many movies in
America take place in New YorkCity.
Because it's got to be like anoverwhelming majority of them.
So many, yeah.
But it's like that building islike if you shoot a movie in New
York City, one of your shots isthat building.
(22:58):
And it's like...
SPEAKER_01 (22:59):
Interestingly enough, so it opened up in 1931.
So King Kong the King Kong moviethe original yeah 1933 have you
seen it yeah I love it I lovethe like the claymation
SPEAKER_00 (23:11):
gorilla
SPEAKER_01 (23:11):
effect
SPEAKER_00 (23:12):
yeah I really like Jack Black in the movie I think
it's really like anunderstanding I'm
SPEAKER_01 (23:15):
talking about the original one dude the one from
1933 got him I got him
SPEAKER_00 (23:24):
keep going keep going just trying to shake off
the madness
SPEAKER_01 (23:28):
anyways yeah so that movie premiered two years later
so that movie is really whatpopularized the building to the
mainstream
SPEAKER_00 (23:37):
I didn't know that
SPEAKER_01 (23:38):
yeah yeah yeah King Kong in case you haven't seen
the movie climbs the EmpireState Building I guess you don't
have to even have seen the movieto
SPEAKER_00 (23:45):
know that that scene that is like memed and pop
culturized to death like
SPEAKER_01 (23:51):
yeah
SPEAKER_00 (23:51):
the Simpsons did anything it's like that's one of
those like iconic things thatyou can see but the building
itself I mean like tall Art Decois another great descriptor it's
one of my favorite art stylelike building styles is like
that Art Deco like those sharpedges, very defined, very kind
of got that like postmodern kindof look.
It's beautiful.
SPEAKER_01 (24:08):
Interestingly enough, so I saw the Empire
State Building for the firsttime when I went to New York
City, I don't know, three, fouryears ago.
Yeah.
I thought that it was like gray.
The building's actually tan.
Did you know that?
It's like, it's more like abeige.
Maybe just from like the movies.
It's
SPEAKER_00 (24:26):
always illuminated in the movie.
So it's like even the photo thatwe have on the document, it
makes it look like blue, likemore like blue or like a white
kind of a building but it's likeit's just because it's always
like kind of illuminated or likethey're always capturing it in
like a specific kind of lightbut yeah it's just a because
like in King Kong it's a
SPEAKER_01 (24:41):
black and white movie and I just assumed the
whole world was black and whitein that you
SPEAKER_00 (24:45):
know yep yeah so you've been to the Empire State
Building I mean I haven't beenin it I've seen it I've been up
it oh you have yeah I have I didthe when I went to New York City
when I was 15 16 I rode theelevator to the top of the
Empire State Building got to goto the observatory deck oh Was
it cool?
It was very cool.
Yeah.
(25:05):
I don't remember a whole lotabout it.
Obviously, I was like a littlebit young to appreciate the
history of the building.
It was more so just like one ofthose touristy things that you
do when you're in New York.
You go to the Empire StateBuilding.
But it's cool.
It's busy.
I mean, if it's anything like Iremember what it was like when I
was there, it was like packedout line.
Like they had to queue you allthrough the bunch of the lobby.
And then you got in this bigelevator that you had to like
(25:26):
share with a bunch of otherpeople.
And I just remember it being along, long ride to the top of
the thing.
And then you go out and see thecity.
But– Yeah.
Nice.
It's cool.
SPEAKER_01 (25:35):
I don't know.
I don't have a ton of interestin doing it just because I know
it would be like super crowded.
It's very touristy.
I've seen it.
I've been up big buildings.
SPEAKER_00 (25:41):
I'm going to look up how much it costs right now.
SPEAKER_01 (25:43):
Okay.
Well, while you do that, I gotsome fun facts for you.
It was built at record speed.
It was one of the fastestskyscrapers ever built at a pace
of four and a half stories perweek.
Wowzers.
Yeah, I was waiting for thewowzers.
I got another one for you, Zach.
44
SPEAKER_00 (25:57):
bucks, by the
SPEAKER_01 (25:58):
way.
$44 for a
SPEAKER_00 (25:59):
ticket?
$44 to get to the top of theEmpire State Building.
SPEAKER_01 (26:02):
Yeah.
See, I would rather just go toanother building and just do it
for like$0.
You know what I mean?
SPEAKER_00 (26:08):
Sure.
SPEAKER_01 (26:09):
I get it.
And it was originally designedas a docking station for blimps.
Did you know that?
SPEAKER_00 (26:13):
I did not know that.
That's really
SPEAKER_01 (26:14):
cool.
Yeah.
That seems like a fake fact, butit is true.
SPEAKER_00 (26:17):
Imagine parking a blimp on the Empire State
Building.
Nerve-wracking.
Yeah.
Oh, my God.
Because of the pointy needle.
It's like, oh.
Uh-oh.
Pop.
Yeah.
Pop.
Oh, the humanity.
SPEAKER_01 (26:31):
Yeah, but this fire at the top was supposed to be a
mooring mast for airships.
Cool.
But after one test landingnearly blew passengers off the
roof, they scrapped the
SPEAKER_00 (26:42):
idea.
Oh, my God.
Wow.
Well, okay.
They didn't have the foresightthat we had.
Glad that they scrapped thatidea.
Yeah.
That's good.
SPEAKER_01 (26:50):
Another fun fact.
I don't know how fun this is.
A plane crashed into it,actually.
What?
SPEAKER_00 (27:00):
That was so abrupt.
Yeah, not as fun of a fact.
It's in the fun fact
SPEAKER_01 (27:05):
section.
SPEAKER_00 (27:05):
Don't blame me.
Well, how about history fact?
Tell me the history fact.
SPEAKER_01 (27:10):
History fact.
A plane crashed into thebuilding in 1945.
A B-25 bomber got lost in fogand slammed into the 79th floor.
Amazingly, the building heldstrong and most of the structure
remained intact.
SPEAKER_00 (27:21):
Wow, that is crazy.
SPEAKER_01 (27:22):
Yeah.
It changes colors all the time.
Oh, well, that is topical towhat we were talking about.
SPEAKER_00 (27:27):
Yeah, I mean, that's like one of those famous things.
It's like it changes colorsbased on what's happening pop
culture wise, too.
And I think like businesses canlike buy out the rights to
change the color.
Like I think recently they didsomething for Star Wars.
I think they had it illuminatedin like red and black lights for
like some.
Oh, it was when James Earl Jonespassed away.
When the actor that paid.
When
SPEAKER_01 (27:46):
did he pass away?
SPEAKER_00 (27:47):
Did I miss this?
You missed it.
Yeah, James Earl Jones passedaway a few months ago, I think.
Maybe I
SPEAKER_01 (27:52):
knew this.
SPEAKER_00 (27:52):
Yeah, but the voice actor.
voice actor for Darth Vader.
When he passed away, theyilluminated the tower in red and
black for Vader's colors.
But you'll see that all thetime.
People take photos out theirwindow in New York City or when
they're walking on the streets,like, oh, they have it
illuminated for...
The team that won the Super Bowlor whatever.
They do that stuff all the time.
I like the zip code fact.
(28:13):
What's the zip code fact?
I'm going to read this one whileyou're looking up things.
You're doing your own thingright now.
So the Empire State Building hasits own zip code with over 1,000
businesses inside.
The Empire State Building is sobusy, it has its own unique zip
code, 10118.
SPEAKER_01 (28:28):
No way.
SPEAKER_00 (28:29):
Way.
That is
SPEAKER_01 (28:33):
so interesting.
See, that's a fun fact.
SPEAKER_00 (28:37):
Yeah.
Super, super fun.
SPEAKER_01 (28:39):
That's great.
Wait, but what about, like, doother buildings that are equally
as busy have their own zipcodes?
I
SPEAKER_00 (28:45):
don't know.
The only two things, and thisis, like, such a Midwest
reference.
Shout out.
We're in Cincinnati, Ohio,recording this podcast.
The only things that I know ofthat have their own unique zip
codes is the Empire StateBuilding and the Ohio State
University.
Because I'm pretty sure theyalso have their own zip code.
Wow.
Okay.
I did not know
SPEAKER_01 (29:03):
that.
SPEAKER_00 (29:04):
What about the tallest building in the world
fact?
Did we already kind of readthrough that one?
SPEAKER_01 (29:07):
Yeah.
well actually the until I guesswe didn't read that one but yeah
for 40 years until the WorldTrade Center took over also in
New York City so the speedclimbing challenge yeah I don't
know what that means butapparently every year athletes
compete in the Empire StateBuilding run up where they race
up all 1,576 stairs to the topthat sounds horrible no thank
you the record is just under 10minutes I cannot fathom that
(29:31):
that's crazy
SPEAKER_00 (29:32):
I hate the stair master at the gym I know that
it's good for you I try and doit but god it's awful I think
that maybe if you would havegotten the Red Robin Unlimited
Burger Pass, you would have hadto do those 1,576 stairs after
the end of Burger Month to wearoff all those calories.
SPEAKER_01 (29:48):
10 minutes just doesn't...
I feel like there's definitelysome elevator cheating there.
They took an elevator fromfloors 14 to 25.
SPEAKER_00 (29:54):
They're doing that thing that obnoxious high
schools kids did where they skipsteps.
Remember that?
They're going up the stairs andinstead of going one stair at a
time, you reach your leg up togo up.
I do that.
SPEAKER_01 (30:04):
I skip steps.
You skip steps?
It's a more efficient way to getto the top of the staircase.
I guess
SPEAKER_00 (30:09):
I just like following the rules.
SPEAKER_01 (30:11):
I'm an anarchist.
What do we got?
We got a trivia fact?
All right, last one.
You can see five states from thetop of the Empire State
Building.
Did you
SPEAKER_00 (30:20):
know that?
I did not know that.
All the states that border NewYork.
SPEAKER_01 (30:24):
Yeah, New York, New Jersey, Pennsylvania,
Connecticut, and Massachusetts.
That's awesome.
Yeah.
Yeah,
SPEAKER_00 (30:28):
very cool.
SPEAKER_01 (30:29):
Yeah.
SPEAKER_00 (30:29):
Very cool.
It's like the four corners.
Have you ever been to the fourcorners?
I have.
SPEAKER_01 (30:32):
I've never been.
It's literally not
SPEAKER_00 (30:35):
that cool.
Yeah, it's just a sign.
I got one more question for youbefore we wrap this up.
Okay.
Because obviously we talkedabout about king kong movies
it's like too hard to namebecause if you search empire
state building movies it's likeyou're just going to get an
unlimited google search rightwhen when i say besides king
kong so exclude that when i sayempire state building in a movie
(30:55):
what's the first one that comesto your mind so besides king
kong
SPEAKER_01 (30:58):
yeah i'm thinking an affair to remember with cary
grant it's like from the 50sthey're on the like pivotal
scene is on the empire statebuilding cool i think it's that
building at least but yeah
SPEAKER_00 (31:08):
never seen
SPEAKER_01 (31:09):
it i think it's that that movie too an affair to
remember Let me just doublecheck.
SPEAKER_00 (31:12):
I mean, that's one of the ones that pops up.
SPEAKER_01 (31:14):
Okay, yeah.
SPEAKER_00 (31:15):
An affair to remember.
SPEAKER_01 (31:16):
Yeah.
I mean, it's basically like themovie's good.
That scene, though, it's like aniconic scene where they meet up
at the Empire State Building atthe end.
SPEAKER_00 (31:27):
Independence Day.
I'm going to go with one thatthe cool kids will know.
Independence Day.
You got the ships coming down onthe spire or whatever, you know.
Welcome to Earth.
Patrick doesn't like fun moviesfor fun.
I'm
SPEAKER_01 (31:43):
not an Independence Day fan.
SPEAKER_00 (31:45):
It's not a great movie, but it's a fun movie.
SPEAKER_01 (31:47):
I love alien invasion movies, and that, in my
opinion, is one of the lesserones of the popular ones.
SPEAKER_00 (31:53):
What did you say to me about The White Lotus?
You're like, you're just a haterof everything.
Yeah, you
SPEAKER_01 (31:57):
hate things that bring people joy.
SPEAKER_00 (32:00):
So I could say the same thing about you not liking
Independence Day.
Yeah, I guess you could.
I don't really
SPEAKER_01 (32:05):
have an argument against that.
SPEAKER_00 (32:07):
Hello, boys.
I'm back.
Great movie.
All right.
Well, that's all that we've gottime for today, Patrick.
Thank you for leading thePropetology segment.
Again, Empire State Building, gocheck it out.
And if you visited it before, ifyou have any fun stories about
the Empire State Building, or ifyou want to write in with your
favorite movie that has it init, feel free to email questions
at therentishpod.com.
Yeah, I've been Zach.
(32:27):
That's been Patrick.
Follow us online.
Follow us anywhere that you canget your podcast or give us a
rating, a five-star review or acomment.
We would really appreciate it.
Email us.
We'd be happy to talk to you.
Happy to hear your feedback.
Patrick, it's been a great show.
You had fun today?
SPEAKER_01 (32:40):
Yes.
Correct.
Correct.
Me too.
So fun.
And it was fun and to bring itfull circle, fun and
educational.
And educational.
SPEAKER_00 (32:48):
Learning
SPEAKER_01 (32:49):
can be fun, kids.
Yes.
The more you know.
SPEAKER_00 (32:56):
Alright, thanks everyone.
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