June 5, 2025 • 26 mins
Today on the Jimmy Barrett Show:
- The real state market
- Pride month
- Karine Jean-Pierre's Book
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Well, what we need is more common sense, the.
Speaker 2 (00:07):
Youth breaking down the world's nonsense about pow American common sense.
Speaker 1 (00:13):
We'll see us through with the common sense of Houston.
I'm just pro common sense for Houston. From Houston dot com.
Speaker 2 (00:24):
This is the Jimmy Barrett Show, brought to you by
viewind dot Com.
Speaker 1 (00:29):
Now here's Jimmy Barrett.
Speaker 3 (00:32):
All right.
Speaker 4 (00:32):
We begin in the show today by talking about the
housing market, which is making me nervous. I don't know
if it's making you nervous. It's making me nervous, mainly
because we know, you know, we have that beach house
in Freeport, right, and you know, I keep seeing all
these homes going up for sale down around Galveston, and
(00:55):
they're not selling very well, and they're certainly not selling
for top dollar. And I think it's a combination. We've
talked about this before. It's a combination of problems. High
interest rates, which are keeping people from buying homes, and
high insurance costs, especially when you're talking about the Gulf Coast.
But let's start. Let's start first with what's going on
(01:17):
with the real estate market. Here's a guy by the
name of Lance Lambert. He's Resie Club co founder. I'm
not sure what Resie Club is, but here he is
talking about the housing market and where we're at and
where he thinks we're going.
Speaker 5 (01:31):
So what's occurred is that during the pandemic housing boom,
there was so much demand that came in at once,
those ultra low rates, all the money that was printed,
all the remote work, there wasn't enough supply in terms
of units out there to meet that demand. So the
demand all didn't get to transact, and prices overheated, they soared,
and so once mortgage rates went up three four, five,
(01:52):
six seven, that reality of that deterioration became apparent. And
so the market we're in now is slowly active, inventorious, rising,
completed unsold, new construction is rising, and the power dynamic
is moving more and more from sellers to buyers.
Speaker 6 (02:08):
It's interesting because the red areas are all areas that
were super duper hot for a while. Right We're seeing Florida, Texas, Phoenix.
These are the areas that we're sizzling just not long ago,
and now they're starting to come down.
Speaker 1 (02:19):
Is that typical? Yeah, it is typical with housing.
Speaker 5 (02:22):
Often the growth markets are the ones that get the
corrections are the deeper corrections. And so what occurred during
the pandemic is those markets sell prices go up more.
They had a lot of people move in, and also
they have just more new construction, and so as that
migration is less of it's coming in, so they have
to rely more on local incomes. That's created a demand shock,
(02:43):
a greater one there. And the builders for multi family
and single family, they have to move that product.
Speaker 1 (02:48):
They're going to sell it.
Speaker 5 (02:48):
So if they have to discount it, do big buydowns,
do whatever they need to move that product, they'll do it.
And so it creates a cooling effect on the resale
market as existing home sellers have to compete with the builders.
So what we're seeing is more sellers markets becoming balanced markets,
more balanced markets becoming buyer's markets. And some of the
places like Florida that was in a bit of a
(03:10):
gully is now in a bit of a correction. And
so we are seeing the market.
Speaker 6 (03:14):
So you sound confident that it won't get worse like
it sounds like, well, there's downside risk in this market.
Speaker 5 (03:19):
Prices can fall, and this is one of those windows
where there's a greater vulnerability to prices falling. It just
takes demand coming down enough to where that can manifest.
Speaker 4 (03:30):
You know, I saw a statistic speaking of demand coming down.
I want to say, three out of every ten real
estate deals right now are not closing. The buyer's backing out.
And I've never quite understood that. If you were that nervous,
why were you why were you trying to buy to
begin with? And what happened in that process that made
(03:52):
you go, I'm going to give up my as grow money.
I'm too afraid to buy this place. Now. What would
happen to make that happen? Other than a job loss?
I would get a job loss. I get you can't
really qualify for the mortage anyway if you have the
job loss. But you know what would make three out
of ten people just say, oh no, no, no, I'm
too nervous for that. That's that's kind of weird. That's
(04:14):
kind of scary. The other part of it is, I'm
listening to that if the other part I'm thinking of too.
To go back to the beach house thing in Freeport.
We paid you know, I'm not gonna say what we
paid for the house that we have there, But it's
been three years now that we've had it, and a
(04:35):
builder just built in an epty lot right next to
our house, another house that is about two hundred two
hundred and fifty square feet bigger and is asking only
twenty five thousand dollars more than what we bought our
beach house for three years ago. So that tells me
(04:59):
I'm a ya. If I were to sell that house now,
under the best of circumstances, after three years, I would
break even. But the part of it that the scariest
part is if I don't sell right now, and I
don't think it's a good time to do that, then
what's going to happen? If I wait? Our interest rate's
going to come down and the market's going to heat
back up again, which which is of course what I'm
(05:21):
hoping for, or not, we could continue to lose value
where it gets to the point where I can't afford
to sell it because I would lose too much money.
Those are the things you worry about, especially when it
comes to having a second home. All right, here's the
other thing that's driving up costs. And we've talked about
this a lot before. Let's do this again. Our television
(05:41):
partner KPRC two did a report on the rising cost
of home insurance here in the Greater Houston area.
Speaker 7 (05:49):
Across the state, nearly one hundred and sixty companies sell
home insurance policies. So far this year, four companies have
left the States, and Progressive Insurance in house. Last year
they were restricting you homeowner business. The talk around John
cober Rubius is a clear Lake neighborhood centers.
Speaker 1 (06:05):
Around one thing.
Speaker 8 (06:06):
Anytime I am outside and visiting with folks, I always
ask some how's your insurance going?
Speaker 1 (06:13):
And you could hear the stories Cobra.
Speaker 7 (06:15):
Rubius says nearly everyone he talks with shared their home
insurance premium rates are going up, including his own.
Speaker 8 (06:21):
In two thousand and three, I was paying seven hundred
and fifty dollars with a five hundred dollars deductible. I'm
currently now at nine thousand dollars with a nine thousand
dollars deductible.
Speaker 7 (06:31):
He left his previous insurance company to join the state's
last resorts insurance, the Texas Fair Plan.
Speaker 1 (06:36):
Because it's cheaper.
Speaker 7 (06:37):
To qualify for Texas Fair Plan, homeowners have to be
denied coverage by at least two insurance companies.
Speaker 1 (06:44):
We are in trouble down here, and not just me.
We're talking everyone. Say.
Speaker 7 (06:49):
Data shows in twenty twenty one and twenty twenty two,
each year about five thousand people apply for this coverage,
but last year more than forty one thousand new policy
applications were filed.
Speaker 8 (07:00):
Wow, okay, well that that includes me too. You know,
what do we do? I don't have a solution on that.
Speaker 7 (07:08):
Through all the rate increases, Cobra Rubius has hope after
a May hearing in the State House Committee on Insurance.
Speaker 1 (07:14):
We have a lot of work to do, especially this
this interim. You know, we got started a little bit late, right,
but I think we got some attention.
Speaker 9 (07:25):
Of you know, we meant, we meant what we said
about finding ways to reduce the cost.
Speaker 8 (07:31):
That comment was encouraging, and I'm going to reach out
to his staff because I'm going to invite him in
the committee to come here.
Speaker 7 (07:39):
And homeowners are not eligible for the Texas Fair Plan
if they have a current policy, have a renewal offer,
or have received a valid offer of comparable property insurance
from a separate insurance company license in the States. Plus,
the policyholder must reapply for coverage in the market.
Speaker 1 (07:54):
Every two years.
Speaker 4 (07:56):
Yeah, yeah, well there's insurance options. There are, but there
are fewer insurance options and they're expensive. And again to
go back to the beach along the coast, it is
particularly expensive and another reason why it's really hard to sell.
Even if people are willing to pay the current mortgage rate,
even if they have the down payment money, even if
they're not afraid about their job, they start adding in
(08:17):
the cost of flood insurance and wind inhal insurance and
just regular over Homer's insurance. They're going, wait a minute,
that's like five six seven thousand dollars more year. I
can't afford that. All right, quick little break back with
more in a moment. Jimmy Barrett Show, AM nine fifty
kPr City. All Right, let's talk a little bit about
(08:52):
something we haven't really talked about in a while, and
that is a corporate entities and the politics they're involved in,
the things that they support, and whether or not you
want to support them as a result of that. There's
something out there called the Human Rights Campaign. I know
we've talked a little bit about this in the past,
but I saw a report from John Stossel which I'm
(09:13):
going to stare with share with you. Remember John Stossel
back of the day, he used to be on ABC
doing these in depth reports and he left ABC because
he just realized that, you know, I'm way more conservative
than they are, and we're not on the same page
on the things they want me to do. He's doing
this independently now. John Stossel did a report on the
(09:35):
Human Rights Campaign? What is the Human Rights Campaign? These
are the people. This is a progressive group. I mean
you look at the name and you say human Rights Campaign. Well,
who wouldn't be in favor of human rights? Right? But
that's not really what they're about. They are an LGTBBQ.
However many layers you want to add in there, activist group.
(09:58):
They're the ones that are going going around telling these
corporations that they need to be this is June right.
You need to be participating in Gay Pride Month. You
need to be producing things for Gay Pride Month. You
need to have meetings with your employees to explain gay
issues to them. You need to be good corporate citizens,
(10:20):
or we're not going to give you a good report.
And somehow they've convinced these companies that if they can't
get a good report from the Human Rights Campaign then
their toast. So these companies have been bending over backwards.
I think less now than before, but there's plenty of
these companies that are bending over backwards to please the
Human Rights Campaign and piss the rest of us off.
(10:43):
So here we go. Here's Don Stossel explaining the Human
Rights Campaign is in death report of what they are,
what they do, and how they get the corporations to
do their bidding.
Speaker 10 (10:54):
When you see a company gets one hundred percent from
the HRC, it does great harm.
Speaker 11 (10:58):
Harm, he says, because because your health plan must cover transsurgery. Yes,
I know people who've had the surgery, and they seem happier.
Speaker 10 (11:08):
If you're an adult and you make a set of
decisions I disagree with. That's your prerogative, but I don't
want to give my money to a company that is
going to turn around and use it to fund any
sex changes of any child period.
Speaker 11 (11:19):
The HRC does require awarded companies to pay for puberty
blockers for teens. Now, we can debate the age at
which you're considered competent to medically change your gender, but
I had no idea that so many companies pay for it.
Google even provides a concierge to help people transition.
Speaker 10 (11:40):
Googles bringing on a dedicated trans liaison to help interpret
these benefits.
Speaker 1 (11:46):
Now you will watch a video about gender.
Speaker 11 (11:48):
To further raise there are human rights campaign scores. Companies
show employees videos like this to educate them about gender identity.
Speaker 12 (11:56):
It's actually more complicated on that.
Speaker 1 (12:01):
Companies are also supposed to sponsor.
Speaker 3 (12:03):
LGBT events, produce LGBT products, and donate to LGBT groups
like the Human Rights Campaign that helps them collect they're
millions of dollars.
Speaker 10 (12:15):
You got to make it very well known to the
world that you are all in on this.
Speaker 11 (12:19):
Even part of your Amtrak tax subsidy now goes to
pay for this stuff.
Speaker 1 (12:24):
Including education on personal pronouns.
Speaker 11 (12:27):
So all these companies suck up to the HRCY. The
more I looked at the campaign, the less it seems
to be about human rights and more about left wing advocacy.
It's not just LGBT. On their homepage. You see processors
holding signs saying I will aid in a bet abortion.
So it's a question of what do they mean by
(12:48):
human rights?
Speaker 1 (12:50):
Which humans? Which rights?
Speaker 10 (12:52):
Apparently if you're a small enough human, you don't have
rights and they'll actually support killing you.
Speaker 4 (13:00):
It's about a whole variety of different left wing causes
and as far as the companies that are still participating
with the human rights campaign, who are these companies?
Speaker 2 (13:07):
Here?
Speaker 4 (13:08):
Here's a few names, far from far from being the
only ones, but some of the better known ones. Uber,
best Buy, Adobe, Amtrak. He mentioned Amtrack in the story, Coles,
the department store, Coals, Macy's another department store, General Electric, Kroger, Blackrock, Lockheed, Martin, Intel, Bloomberg, Starbucks, Panera, Bread, Chevron, Yeah,
(13:38):
the oil company, Chevron, Craft Foods, Dick's Sporting Goods, Fidelity Investments, Goldman, Sachs, Visa, Yes,
so if you're using a visa card, guess what? Yeah,
and most of us have visa cards right, in fact,
(13:58):
you might have. Hey, let me look how many how
many visa cards do I have? My bank card that's
a visa, all right? My City Bank card okay? Oh,
that's a Master card. Okay, that's better. How about my
United Mileage card that is a visa?
Speaker 1 (14:19):
Okay?
Speaker 4 (14:20):
Those are not the only ones I use, but two
of the three are visas. So wow, Okay, what am
I supposed to do? Should I fire my bank because
my debit cards a visa card, I feel I feel
less guilty about using that if if for only for
one reason. The debit card is obviously tied to my
(14:42):
checking account, so I'm only spending money that actually have
in my checking account and the other card. The other
cards are paid off at the end of the month,
so it's not like they're making any money off me
on interest. I'm sure they're making plenty of money on
interest from other people. They're not making it for me.
But that's little scary, isn't it. All those companies support
the human Rights campaign, and whether they do it because
(15:05):
they were coerced into doing it, or whether they do
it because you know, they didn't want to piss off
the Biden administration, or whether they do it because you know,
they're just blown with a win politically, as so many
of these corporations do. Whatever the reason, you know, you
prefer probably some of us would prefer to punish them
rather than to reward them with our business. And then
(15:27):
there's plenty of other people who have paid no attention
to any of this and have no idea any of
this stuff is going on, in which case, you know,
what are you going to do. What are you going
to do? All right, here's another topic I want to
get into just a little bit, and that is Medicare
and Medicaid mainly medicated at this point, because Medicaid is
(15:48):
different than Medicare, I even I have this tendency to
forget that sometimes Medicaid is for the poor. Medicaid is
for the working poor or the people who can't legitimately
cannot work. It's not for able bodied people, never was
supposed to be anyway, for able bodied people who just
refuse to work. And that's what they're trying to do. Now,
(16:12):
what the Trump administration is trying to use to weed
out the people who are not really eligible for Medicaid.
They just have managed to glom onto it. I mean,
so you can save Medicaid for the people who really
do need it. And you know, all these Democrat politicians
are talking about cuts to Medicaid. There's no monetary cuts
to Medicaid at all. It's just about cutting people out
(16:34):
of getting Medicaid who really should have never been eligible
for Medicaid to begin with. Here's doctor mebin Oz that
comes under his purview. Here he is explaining all this.
Speaker 13 (16:44):
Yet again there is no scenario in which we do
not spend more money on Medicaid than we spent last year.
So the question is how much more money and how
do we save Medicaid so it doesn't continue to grow
fifty percent.
Speaker 1 (16:55):
Every five years, which is what just what happened.
Speaker 13 (16:58):
So if you go back and hist and look at
other programs that are similar, there are support programs like
food stamps, which is the stamp program, or TANet which
is temporary assistance and needy families, they have work requirements.
Why don't we have work requirements for Medicaid. Well, the
reason is sixty years ago when the program was created,
it never dawned in anybody that able bodied people who
(17:19):
could work would be on Medicaid, so they never bothered
putting in work requirements. We're asking that able bodied individuals
who are able to go back to work at least
try to get a job, or volunteer or take care
of a level one who needs help, or go back
in the school, do something to show you have agency
over your future. And if you're willing to do any
of those things, we will check the box and you
(17:40):
get to keep your free Medicaid.
Speaker 1 (17:42):
But if you're not willing to do those things.
Speaker 13 (17:43):
So we're going to ask you to go on and
do something else, like go go go on the exchanges,
or get a job and get into regular commercial insurance.
But we're not going to continue to pay for Medicaid
for those audiences. And I think that is a very
realistic effort, and it's been done in the past. Actually
under the Clinton had been illustration when they reformed the
Temporary Assistance for Needy Families, they did it, they showed
(18:03):
a dramatic fifteen percent increase in workforce participation amongst those people.
So Democratic presidents, Republican presidents have all felt that work
was an important part of the deal with America, and
we're just acting on that reality.
Speaker 9 (18:18):
The most able bodied adults do not work at all.
Sixty two percent. Okay, that comes from your Medicaid agencies.
Speaker 1 (18:25):
That's vednav. We're going to put it up on the
full screen.
Speaker 9 (18:28):
Then the second one, you know, you mentioned food stams,
the SNAP program, let's see not working. Seventy four percent
of recipients of food stams or SNAP do not work.
That comes from the US Department of Agriculture.
Speaker 13 (18:45):
Well, under the Obamacare expansions, they agreed it to pay
one hundred percent for a while able bodied individuals added
to Medicaid. Now it's ninety percent. But let me give
you a stat that I think should alarm a lot
of folks. If you're on Medicare, which means you paid
in the system, not two point nine percent in your
paycheck every week for your whole life.
Speaker 1 (19:03):
You paid in the Medicare.
Speaker 13 (19:05):
You get to age sixty five or for whatever reason,
you get on Medicare, and now you look at what's
going on with the Medicaid population, and you go to
your doctor, and your doctor says, you know what, I
appreciate that you have Medicare insurance. But the Medicaid coverage
for an able body person who has not contributed to
this system actually pays me more, sometimes three times more
than what Medicare pays me. You should be upset. We're
(19:28):
fixing that. By the way, that was never supposed to be.
In fact, even the Obama administration said you could not
pay more for Medicaid patients and Medicare patients. That changed
under Biden in twenty three, so two years ago, for
the first time, we changed that, and guess what happened, Larry. Predictably,
every state began pouring all the money into medicaid and
able body individuals because they knew the federal government was
(19:49):
picking up ninety percent of the tab That doesn't make sense.
Speaker 1 (19:52):
It's not good policy. No, it's not.
Speaker 4 (19:55):
There has to be a good policy for these social
programs in a long, long time, which is why they're
in the shape they're in. Alright, gott to take a
break back with boor in a moment, Jimmy Bart show
a nine KRC.
Speaker 1 (20:21):
All right, did you see that? HEYJP.
Speaker 4 (20:24):
Pauline Jean Pierre, the former White House Press Secretary, has
a new book that's gonna be coming out this fall.
If it's not coming out to fall, what was the
what was the she posed with what looked like a
book with a cover on it, you know, they had
her title and all that kind of stuff. Must have
been a mock up, Right, there's a lot of questions
(20:45):
I would have. First of all, I'm not let me
say this, I'm not I don't care what the subject
matter is. I'm not the least bit interested in what
Corin Jean Pierre has to say about anything, including her
years in the White House. Is the White House Press secretary?
I mean, who cares number one, But number two, who
do you think really wrote it? Raise your hand if
(21:06):
you think Kareem Jean Pierre has enough talent to write
a book ray nobody. Well, there's one person with their
hand half raised. I'm not quite sure why. No, I
don't think so either. So obviously grow ghost written by somebody.
Whoever that's somebody is, But here is According to Jean Pierre,
she's starting to do the press junket things and you know,
(21:28):
the social media stuff to promote the book. Here she
is with some reaction from Jesse Waters on his primetime show.
Speaker 2 (21:36):
Hi.
Speaker 12 (21:36):
I'm Karen Jean Pierre, and i am the author of
a new book that's coming out this fall called Independent.
It's coming out on October twenty first, so please please
do grab it. And the reason I wrote this book
coming out of the White House. You know, serving as
White House preseecretary was an honor and a privilege. But
since I have left, the people that come up to me,
(21:58):
strangers that come up to me just across the country
as I'm traveling, and sometimes right in my neighborhood at
our grocery store, supermarket, airport, my daughter's school. The number
one question they asked me, is Kareem.
Speaker 1 (22:11):
How do we get out of this? How do we
protect our democracy? How do we protect vulnerable communities among us?
Speaker 14 (22:17):
Binder shopping for sweet potatoes at the grocery store and
customers are asking her about vulnerable communities? How about Binder
who controlled the auto pen? Did you know he had cancer?
Did he really get lost in the closet? Binder spent
two years lying from a podium, and now she wants
to tell us the truth.
Speaker 1 (22:36):
Look at the name of the.
Speaker 14 (22:37):
Book inside a Broken White House. Now she's telling us
the White House was broken. Wait a second, who else.
Speaker 1 (22:45):
Wrote a book about this? Yeah? Tapper?
Speaker 14 (22:49):
Binders now DEI Tapper? I wonder who got paid more?
And there's nothing noble about this turncoat.
Speaker 1 (22:56):
Remember.
Speaker 3 (22:57):
Do you believe that the president of today as he
was when he took this job, Yeah, slowed down.
Speaker 12 (23:05):
What I can say is this is a president who
is strong and resolute in delivering for the American people.
Speaker 1 (23:11):
That's what I see.
Speaker 12 (23:13):
He is the sharpest as ever as I have known
him to be in my engagement, in my experience with him.
Speaker 14 (23:20):
Binder invented the word cheap fake. She told you this
real video of Biden getting lost in an Italian field
was fake. Now she's saying, yeah, my White House was
broken and I'm switching parties. Hopefully she can write better
than she talks, because.
Speaker 1 (23:34):
DEI Tapper sounds a lot like Mamla.
Speaker 15 (23:38):
I think we need to stop thinking in boxes and
think outside of our boxes and not be so partisan.
And the way that I see moving forward in this
space that we're in right now is if you are
willing to stand side by side with me, regardless of
your political how you identify politically, and as as long
(24:00):
as you respect the community that I belong to and
vulnerable communities that I respect, I will.
Speaker 4 (24:06):
Be there with you. What kind of she does, she
sounds just like Kamala Harris's word salad. She's just they're
they're one and the same word salad. And of course,
like everybody else, especially on the progressive left, they're trying
to cash in. Now the Bidens are out of the
(24:28):
White House and they're out of work. They're trying to
cash in any way they can. Do you believe for
one minute that she is no longer a quote unquote democrat?
You really believe she's quote unquote independent. Do you think
there's anything that's changed about Korein Jean Pierre. Is she
trying to say that she's really more conservative than she
(24:49):
was when she was the White House spokesperson, because I
don't know that anybody's gonna buy that crap. Not certainly.
I'm not convinced of that in any way, shape or form.
So what she's saying about as long as you realize
that I'm gay and I care about being gay and
gay people, then we can talk. We can talk, we
(25:11):
can have a conversation. I wouldn't have talked to you
before at all, but now I'll talk to you, but
only after you buy my book. So you got to
be okay with the whole lgbtq Q plus thing going on.
Plus you need to buy a copy of my book.
I wonder how about your book is however much it is,
(25:33):
it is too much. It is just just too much,
all right. Well, you know, I don't know what kind
of sales to expect. I'm sure there are plenty of
people on the perissive left. I don't know how many
books she has to sell. We'll probably find out she's
a New York Times bestseller. Because the New York Times
would want her to be one. Whether that's based on
actual sales or not. Who knows. Maybe she's got some
(25:53):
sort of deal. Maybe members of the body administration, you know,
got a deal on the way out the door. You
write a book, and we got the We got the
people that will front the money, give you big money
for it, and we'll have people who will buy the book,
and you'll you'll get rich off the book sales, or
at least you'll make a good living off the book sales,
so you don't have to worry about what happens next
in your life. I'm sure that's pretty much the way
(26:15):
all that stuff works. All right, Gotta go, Thank you
for listening. Appreciate it. See you tomorrow morning, bright and
early at five am over on news radio seven kt
r H. We are back here at four on a
nine fifty KPRC
Well, what we need is more common sense, the.
Speaker 2 (00:07):
Youth breaking down the world's nonsense about pow American common sense.
Speaker 1 (00:13):
We'll see us through with the common sense of Houston.
I'm just pro common sense for Houston. From Houston dot com.
Speaker 2 (00:24):
This is the Jimmy Barrett Show, brought to you by
viewind dot Com.
Speaker 1 (00:29):
Now here's Jimmy Barrett.
Speaker 3 (00:32):
All right.
Speaker 4 (00:32):
We begin in the show today by talking about the
housing market, which is making me nervous. I don't know
if it's making you nervous. It's making me nervous, mainly
because we know, you know, we have that beach house
in Freeport, right, and you know, I keep seeing all
these homes going up for sale down around Galveston, and
(00:55):
they're not selling very well, and they're certainly not selling
for top dollar. And I think it's a combination. We've
talked about this before. It's a combination of problems. High
interest rates, which are keeping people from buying homes, and
high insurance costs, especially when you're talking about the Gulf Coast.
But let's start. Let's start first with what's going on
(01:17):
with the real estate market. Here's a guy by the
name of Lance Lambert. He's Resie Club co founder. I'm
not sure what Resie Club is, but here he is
talking about the housing market and where we're at and
where he thinks we're going.
Speaker 5 (01:31):
So what's occurred is that during the pandemic housing boom,
there was so much demand that came in at once,
those ultra low rates, all the money that was printed,
all the remote work, there wasn't enough supply in terms
of units out there to meet that demand. So the
demand all didn't get to transact, and prices overheated, they soared,
and so once mortgage rates went up three four, five,
(01:52):
six seven, that reality of that deterioration became apparent. And
so the market we're in now is slowly active, inventorious, rising,
completed unsold, new construction is rising, and the power dynamic
is moving more and more from sellers to buyers.
Speaker 6 (02:08):
It's interesting because the red areas are all areas that
were super duper hot for a while. Right We're seeing Florida, Texas, Phoenix.
These are the areas that we're sizzling just not long ago,
and now they're starting to come down.
Speaker 1 (02:19):
Is that typical? Yeah, it is typical with housing.
Speaker 5 (02:22):
Often the growth markets are the ones that get the
corrections are the deeper corrections. And so what occurred during
the pandemic is those markets sell prices go up more.
They had a lot of people move in, and also
they have just more new construction, and so as that
migration is less of it's coming in, so they have
to rely more on local incomes. That's created a demand shock,
(02:43):
a greater one there. And the builders for multi family
and single family, they have to move that product.
Speaker 1 (02:48):
They're going to sell it.
Speaker 5 (02:48):
So if they have to discount it, do big buydowns,
do whatever they need to move that product, they'll do it.
And so it creates a cooling effect on the resale
market as existing home sellers have to compete with the builders.
So what we're seeing is more sellers markets becoming balanced markets,
more balanced markets becoming buyer's markets. And some of the
places like Florida that was in a bit of a
(03:10):
gully is now in a bit of a correction. And
so we are seeing the market.
Speaker 6 (03:14):
So you sound confident that it won't get worse like
it sounds like, well, there's downside risk in this market.
Speaker 5 (03:19):
Prices can fall, and this is one of those windows
where there's a greater vulnerability to prices falling. It just
takes demand coming down enough to where that can manifest.
Speaker 4 (03:30):
You know, I saw a statistic speaking of demand coming down.
I want to say, three out of every ten real
estate deals right now are not closing. The buyer's backing out.
And I've never quite understood that. If you were that nervous,
why were you why were you trying to buy to
begin with? And what happened in that process that made
(03:52):
you go, I'm going to give up my as grow money.
I'm too afraid to buy this place. Now. What would
happen to make that happen? Other than a job loss?
I would get a job loss. I get you can't
really qualify for the mortage anyway if you have the
job loss. But you know what would make three out
of ten people just say, oh no, no, no, I'm
too nervous for that. That's that's kind of weird. That's
(04:14):
kind of scary. The other part of it is, I'm
listening to that if the other part I'm thinking of too.
To go back to the beach house thing in Freeport.
We paid you know, I'm not gonna say what we
paid for the house that we have there, But it's
been three years now that we've had it, and a
(04:35):
builder just built in an epty lot right next to
our house, another house that is about two hundred two
hundred and fifty square feet bigger and is asking only
twenty five thousand dollars more than what we bought our
beach house for three years ago. So that tells me
(04:59):
I'm a ya. If I were to sell that house now,
under the best of circumstances, after three years, I would
break even. But the part of it that the scariest
part is if I don't sell right now, and I
don't think it's a good time to do that, then
what's going to happen? If I wait? Our interest rate's
going to come down and the market's going to heat
back up again, which which is of course what I'm
(05:21):
hoping for, or not, we could continue to lose value
where it gets to the point where I can't afford
to sell it because I would lose too much money.
Those are the things you worry about, especially when it
comes to having a second home. All right, here's the
other thing that's driving up costs. And we've talked about
this a lot before. Let's do this again. Our television
(05:41):
partner KPRC two did a report on the rising cost
of home insurance here in the Greater Houston area.
Speaker 7 (05:49):
Across the state, nearly one hundred and sixty companies sell
home insurance policies. So far this year, four companies have
left the States, and Progressive Insurance in house. Last year
they were restricting you homeowner business. The talk around John
cober Rubius is a clear Lake neighborhood centers.
Speaker 1 (06:05):
Around one thing.
Speaker 8 (06:06):
Anytime I am outside and visiting with folks, I always
ask some how's your insurance going?
Speaker 1 (06:13):
And you could hear the stories Cobra.
Speaker 7 (06:15):
Rubius says nearly everyone he talks with shared their home
insurance premium rates are going up, including his own.
Speaker 8 (06:21):
In two thousand and three, I was paying seven hundred
and fifty dollars with a five hundred dollars deductible. I'm
currently now at nine thousand dollars with a nine thousand
dollars deductible.
Speaker 7 (06:31):
He left his previous insurance company to join the state's
last resorts insurance, the Texas Fair Plan.
Speaker 1 (06:36):
Because it's cheaper.
Speaker 7 (06:37):
To qualify for Texas Fair Plan, homeowners have to be
denied coverage by at least two insurance companies.
Speaker 1 (06:44):
We are in trouble down here, and not just me.
We're talking everyone. Say.
Speaker 7 (06:49):
Data shows in twenty twenty one and twenty twenty two,
each year about five thousand people apply for this coverage,
but last year more than forty one thousand new policy
applications were filed.
Speaker 8 (07:00):
Wow, okay, well that that includes me too. You know,
what do we do? I don't have a solution on that.
Speaker 7 (07:08):
Through all the rate increases, Cobra Rubius has hope after
a May hearing in the State House Committee on Insurance.
Speaker 1 (07:14):
We have a lot of work to do, especially this
this interim. You know, we got started a little bit late, right,
but I think we got some attention.
Speaker 9 (07:25):
Of you know, we meant, we meant what we said
about finding ways to reduce the cost.
Speaker 8 (07:31):
That comment was encouraging, and I'm going to reach out
to his staff because I'm going to invite him in
the committee to come here.
Speaker 7 (07:39):
And homeowners are not eligible for the Texas Fair Plan
if they have a current policy, have a renewal offer,
or have received a valid offer of comparable property insurance
from a separate insurance company license in the States. Plus,
the policyholder must reapply for coverage in the market.
Speaker 1 (07:54):
Every two years.
Speaker 4 (07:56):
Yeah, yeah, well there's insurance options. There are, but there
are fewer insurance options and they're expensive. And again to
go back to the beach along the coast, it is
particularly expensive and another reason why it's really hard to sell.
Even if people are willing to pay the current mortgage rate,
even if they have the down payment money, even if
they're not afraid about their job, they start adding in
(08:17):
the cost of flood insurance and wind inhal insurance and
just regular over Homer's insurance. They're going, wait a minute,
that's like five six seven thousand dollars more year. I
can't afford that. All right, quick little break back with
more in a moment. Jimmy Barrett Show, AM nine fifty
kPr City. All Right, let's talk a little bit about
(08:52):
something we haven't really talked about in a while, and
that is a corporate entities and the politics they're involved in,
the things that they support, and whether or not you
want to support them as a result of that. There's
something out there called the Human Rights Campaign. I know
we've talked a little bit about this in the past,
but I saw a report from John Stossel which I'm
(09:13):
going to stare with share with you. Remember John Stossel
back of the day, he used to be on ABC
doing these in depth reports and he left ABC because
he just realized that, you know, I'm way more conservative
than they are, and we're not on the same page
on the things they want me to do. He's doing
this independently now. John Stossel did a report on the
(09:35):
Human Rights Campaign? What is the Human Rights Campaign? These
are the people. This is a progressive group. I mean
you look at the name and you say human Rights Campaign. Well,
who wouldn't be in favor of human rights? Right? But
that's not really what they're about. They are an LGTBBQ.
However many layers you want to add in there, activist group.
(09:58):
They're the ones that are going going around telling these
corporations that they need to be this is June right.
You need to be participating in Gay Pride Month. You
need to be producing things for Gay Pride Month. You
need to have meetings with your employees to explain gay
issues to them. You need to be good corporate citizens,
(10:20):
or we're not going to give you a good report.
And somehow they've convinced these companies that if they can't
get a good report from the Human Rights Campaign then
their toast. So these companies have been bending over backwards.
I think less now than before, but there's plenty of
these companies that are bending over backwards to please the
Human Rights Campaign and piss the rest of us off.
(10:43):
So here we go. Here's Don Stossel explaining the Human
Rights Campaign is in death report of what they are,
what they do, and how they get the corporations to
do their bidding.
Speaker 10 (10:54):
When you see a company gets one hundred percent from
the HRC, it does great harm.
Speaker 11 (10:58):
Harm, he says, because because your health plan must cover transsurgery. Yes,
I know people who've had the surgery, and they seem happier.
Speaker 10 (11:08):
If you're an adult and you make a set of
decisions I disagree with. That's your prerogative, but I don't
want to give my money to a company that is
going to turn around and use it to fund any
sex changes of any child period.
Speaker 11 (11:19):
The HRC does require awarded companies to pay for puberty
blockers for teens. Now, we can debate the age at
which you're considered competent to medically change your gender, but
I had no idea that so many companies pay for it.
Google even provides a concierge to help people transition.
Speaker 10 (11:40):
Googles bringing on a dedicated trans liaison to help interpret
these benefits.
Speaker 1 (11:46):
Now you will watch a video about gender.
Speaker 11 (11:48):
To further raise there are human rights campaign scores. Companies
show employees videos like this to educate them about gender identity.
Speaker 12 (11:56):
It's actually more complicated on that.
Speaker 1 (12:01):
Companies are also supposed to sponsor.
Speaker 3 (12:03):
LGBT events, produce LGBT products, and donate to LGBT groups
like the Human Rights Campaign that helps them collect they're
millions of dollars.
Speaker 10 (12:15):
You got to make it very well known to the
world that you are all in on this.
Speaker 11 (12:19):
Even part of your Amtrak tax subsidy now goes to
pay for this stuff.
Speaker 1 (12:24):
Including education on personal pronouns.
Speaker 11 (12:27):
So all these companies suck up to the HRCY. The
more I looked at the campaign, the less it seems
to be about human rights and more about left wing advocacy.
It's not just LGBT. On their homepage. You see processors
holding signs saying I will aid in a bet abortion.
So it's a question of what do they mean by
(12:48):
human rights?
Speaker 1 (12:50):
Which humans? Which rights?
Speaker 10 (12:52):
Apparently if you're a small enough human, you don't have
rights and they'll actually support killing you.
Speaker 4 (13:00):
It's about a whole variety of different left wing causes
and as far as the companies that are still participating
with the human rights campaign, who are these companies?
Speaker 2 (13:07):
Here?
Speaker 4 (13:08):
Here's a few names, far from far from being the
only ones, but some of the better known ones. Uber,
best Buy, Adobe, Amtrak. He mentioned Amtrack in the story, Coles,
the department store, Coals, Macy's another department store, General Electric, Kroger, Blackrock, Lockheed, Martin, Intel, Bloomberg, Starbucks, Panera, Bread, Chevron, Yeah,
(13:38):
the oil company, Chevron, Craft Foods, Dick's Sporting Goods, Fidelity Investments, Goldman, Sachs, Visa, Yes,
so if you're using a visa card, guess what? Yeah,
and most of us have visa cards right, in fact,
(13:58):
you might have. Hey, let me look how many how
many visa cards do I have? My bank card that's
a visa, all right? My City Bank card okay? Oh,
that's a Master card. Okay, that's better. How about my
United Mileage card that is a visa?
Speaker 1 (14:19):
Okay?
Speaker 4 (14:20):
Those are not the only ones I use, but two
of the three are visas. So wow, Okay, what am
I supposed to do? Should I fire my bank because
my debit cards a visa card, I feel I feel
less guilty about using that if if for only for
one reason. The debit card is obviously tied to my
(14:42):
checking account, so I'm only spending money that actually have
in my checking account and the other card. The other
cards are paid off at the end of the month,
so it's not like they're making any money off me
on interest. I'm sure they're making plenty of money on
interest from other people. They're not making it for me.
But that's little scary, isn't it. All those companies support
the human Rights campaign, and whether they do it because
(15:05):
they were coerced into doing it, or whether they do
it because you know, they didn't want to piss off
the Biden administration, or whether they do it because you know,
they're just blown with a win politically, as so many
of these corporations do. Whatever the reason, you know, you
prefer probably some of us would prefer to punish them
rather than to reward them with our business. And then
(15:27):
there's plenty of other people who have paid no attention
to any of this and have no idea any of
this stuff is going on, in which case, you know,
what are you going to do. What are you going
to do? All right, here's another topic I want to
get into just a little bit, and that is Medicare
and Medicaid mainly medicated at this point, because Medicaid is
(15:48):
different than Medicare, I even I have this tendency to
forget that sometimes Medicaid is for the poor. Medicaid is
for the working poor or the people who can't legitimately
cannot work. It's not for able bodied people, never was
supposed to be anyway, for able bodied people who just
refuse to work. And that's what they're trying to do. Now,
(16:12):
what the Trump administration is trying to use to weed
out the people who are not really eligible for Medicaid.
They just have managed to glom onto it. I mean,
so you can save Medicaid for the people who really
do need it. And you know, all these Democrat politicians
are talking about cuts to Medicaid. There's no monetary cuts
to Medicaid at all. It's just about cutting people out
(16:34):
of getting Medicaid who really should have never been eligible
for Medicaid to begin with. Here's doctor mebin Oz that
comes under his purview. Here he is explaining all this.
Speaker 13 (16:44):
Yet again there is no scenario in which we do
not spend more money on Medicaid than we spent last year.
So the question is how much more money and how
do we save Medicaid so it doesn't continue to grow
fifty percent.
Speaker 1 (16:55):
Every five years, which is what just what happened.
Speaker 13 (16:58):
So if you go back and hist and look at
other programs that are similar, there are support programs like
food stamps, which is the stamp program, or TANet which
is temporary assistance and needy families, they have work requirements.
Why don't we have work requirements for Medicaid. Well, the
reason is sixty years ago when the program was created,
it never dawned in anybody that able bodied people who
(17:19):
could work would be on Medicaid, so they never bothered
putting in work requirements. We're asking that able bodied individuals
who are able to go back to work at least
try to get a job, or volunteer or take care
of a level one who needs help, or go back
in the school, do something to show you have agency
over your future. And if you're willing to do any
of those things, we will check the box and you
(17:40):
get to keep your free Medicaid.
Speaker 1 (17:42):
But if you're not willing to do those things.
Speaker 13 (17:43):
So we're going to ask you to go on and
do something else, like go go go on the exchanges,
or get a job and get into regular commercial insurance.
But we're not going to continue to pay for Medicaid
for those audiences. And I think that is a very
realistic effort, and it's been done in the past. Actually
under the Clinton had been illustration when they reformed the
Temporary Assistance for Needy Families, they did it, they showed
(18:03):
a dramatic fifteen percent increase in workforce participation amongst those people.
So Democratic presidents, Republican presidents have all felt that work
was an important part of the deal with America, and
we're just acting on that reality.
Speaker 9 (18:18):
The most able bodied adults do not work at all.
Sixty two percent. Okay, that comes from your Medicaid agencies.
Speaker 1 (18:25):
That's vednav. We're going to put it up on the
full screen.
Speaker 9 (18:28):
Then the second one, you know, you mentioned food stams,
the SNAP program, let's see not working. Seventy four percent
of recipients of food stams or SNAP do not work.
That comes from the US Department of Agriculture.
Speaker 13 (18:45):
Well, under the Obamacare expansions, they agreed it to pay
one hundred percent for a while able bodied individuals added
to Medicaid. Now it's ninety percent. But let me give
you a stat that I think should alarm a lot
of folks. If you're on Medicare, which means you paid
in the system, not two point nine percent in your
paycheck every week for your whole life.
Speaker 1 (19:03):
You paid in the Medicare.
Speaker 13 (19:05):
You get to age sixty five or for whatever reason,
you get on Medicare, and now you look at what's
going on with the Medicaid population, and you go to
your doctor, and your doctor says, you know what, I
appreciate that you have Medicare insurance. But the Medicaid coverage
for an able body person who has not contributed to
this system actually pays me more, sometimes three times more
than what Medicare pays me. You should be upset. We're
(19:28):
fixing that. By the way, that was never supposed to be.
In fact, even the Obama administration said you could not
pay more for Medicaid patients and Medicare patients. That changed
under Biden in twenty three, so two years ago, for
the first time, we changed that, and guess what happened, Larry. Predictably,
every state began pouring all the money into medicaid and
able body individuals because they knew the federal government was
(19:49):
picking up ninety percent of the tab That doesn't make sense.
Speaker 1 (19:52):
It's not good policy. No, it's not.
Speaker 4 (19:55):
There has to be a good policy for these social
programs in a long, long time, which is why they're
in the shape they're in. Alright, gott to take a
break back with boor in a moment, Jimmy Bart show
a nine KRC.
Speaker 1 (20:21):
All right, did you see that? HEYJP.
Speaker 4 (20:24):
Pauline Jean Pierre, the former White House Press Secretary, has
a new book that's gonna be coming out this fall.
If it's not coming out to fall, what was the
what was the she posed with what looked like a
book with a cover on it, you know, they had
her title and all that kind of stuff. Must have
been a mock up, Right, there's a lot of questions
(20:45):
I would have. First of all, I'm not let me
say this, I'm not I don't care what the subject
matter is. I'm not the least bit interested in what
Corin Jean Pierre has to say about anything, including her
years in the White House. Is the White House Press secretary?
I mean, who cares number one, But number two, who
do you think really wrote it? Raise your hand if
(21:06):
you think Kareem Jean Pierre has enough talent to write
a book ray nobody. Well, there's one person with their
hand half raised. I'm not quite sure why. No, I
don't think so either. So obviously grow ghost written by somebody.
Whoever that's somebody is, But here is According to Jean Pierre,
she's starting to do the press junket things and you know,
(21:28):
the social media stuff to promote the book. Here she
is with some reaction from Jesse Waters on his primetime show.
Speaker 2 (21:36):
Hi.
Speaker 12 (21:36):
I'm Karen Jean Pierre, and i am the author of
a new book that's coming out this fall called Independent.
It's coming out on October twenty first, so please please
do grab it. And the reason I wrote this book
coming out of the White House. You know, serving as
White House preseecretary was an honor and a privilege. But
since I have left, the people that come up to me,
(21:58):
strangers that come up to me just across the country
as I'm traveling, and sometimes right in my neighborhood at
our grocery store, supermarket, airport, my daughter's school. The number
one question they asked me, is Kareem.
Speaker 1 (22:11):
How do we get out of this? How do we
protect our democracy? How do we protect vulnerable communities among us?
Speaker 14 (22:17):
Binder shopping for sweet potatoes at the grocery store and
customers are asking her about vulnerable communities? How about Binder
who controlled the auto pen? Did you know he had cancer?
Did he really get lost in the closet? Binder spent
two years lying from a podium, and now she wants
to tell us the truth.
Speaker 1 (22:36):
Look at the name of the.
Speaker 14 (22:37):
Book inside a Broken White House. Now she's telling us
the White House was broken. Wait a second, who else.
Speaker 1 (22:45):
Wrote a book about this? Yeah? Tapper?
Speaker 14 (22:49):
Binders now DEI Tapper? I wonder who got paid more?
And there's nothing noble about this turncoat.
Speaker 1 (22:56):
Remember.
Speaker 3 (22:57):
Do you believe that the president of today as he
was when he took this job, Yeah, slowed down.
Speaker 12 (23:05):
What I can say is this is a president who
is strong and resolute in delivering for the American people.
Speaker 1 (23:11):
That's what I see.
Speaker 12 (23:13):
He is the sharpest as ever as I have known
him to be in my engagement, in my experience with him.
Speaker 14 (23:20):
Binder invented the word cheap fake. She told you this
real video of Biden getting lost in an Italian field
was fake. Now she's saying, yeah, my White House was
broken and I'm switching parties. Hopefully she can write better
than she talks, because.
Speaker 1 (23:34):
DEI Tapper sounds a lot like Mamla.
Speaker 15 (23:38):
I think we need to stop thinking in boxes and
think outside of our boxes and not be so partisan.
And the way that I see moving forward in this
space that we're in right now is if you are
willing to stand side by side with me, regardless of
your political how you identify politically, and as as long
(24:00):
as you respect the community that I belong to and
vulnerable communities that I respect, I will.
Speaker 4 (24:06):
Be there with you. What kind of she does, she
sounds just like Kamala Harris's word salad. She's just they're
they're one and the same word salad. And of course,
like everybody else, especially on the progressive left, they're trying
to cash in. Now the Bidens are out of the
(24:28):
White House and they're out of work. They're trying to
cash in any way they can. Do you believe for
one minute that she is no longer a quote unquote democrat?
You really believe she's quote unquote independent. Do you think
there's anything that's changed about Korein Jean Pierre. Is she
trying to say that she's really more conservative than she
(24:49):
was when she was the White House spokesperson, because I
don't know that anybody's gonna buy that crap. Not certainly.
I'm not convinced of that in any way, shape or form.
So what she's saying about as long as you realize
that I'm gay and I care about being gay and
gay people, then we can talk. We can talk, we
(25:11):
can have a conversation. I wouldn't have talked to you
before at all, but now I'll talk to you, but
only after you buy my book. So you got to
be okay with the whole lgbtq Q plus thing going on.
Plus you need to buy a copy of my book.
I wonder how about your book is however much it is,
(25:33):
it is too much. It is just just too much,
all right. Well, you know, I don't know what kind
of sales to expect. I'm sure there are plenty of
people on the perissive left. I don't know how many
books she has to sell. We'll probably find out she's
a New York Times bestseller. Because the New York Times
would want her to be one. Whether that's based on
actual sales or not. Who knows. Maybe she's got some
(25:53):
sort of deal. Maybe members of the body administration, you know,
got a deal on the way out the door. You
write a book, and we got the We got the
people that will front the money, give you big money
for it, and we'll have people who will buy the book,
and you'll you'll get rich off the book sales, or
at least you'll make a good living off the book sales,
so you don't have to worry about what happens next
in your life. I'm sure that's pretty much the way
(26:15):
all that stuff works. All right, Gotta go, Thank you
for listening. Appreciate it. See you tomorrow morning, bright and
early at five am over on news radio seven kt
r H. We are back here at four on a
nine fifty KPRC
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