Open house. Inflation. Jobs report. Insurance. Economy. Interest rates

Episode Transcript

Speaker 1 (00:14):
Navigating today's real estate market can be tricky. Want to
buy or sell a house, finance or insure a house,
or stuck with a house and don't know what to do.
Florida Talk real Estate has been your local one stop
real estate shop since twenty twelve. Get the advice you
need from your local real estate pros.

Speaker 2 (00:31):
Here are your.

Speaker 1 (00:32):
Hosts, Jim Depola and Johnny c. You live on real Radio.

Speaker 3 (00:36):
It's Saturday morning. Welcome through another edition. It's Florida Talk
real Estate.

Speaker 4 (00:39):
We got you for the next two hours of infotainment.
Of course, I see you out there, ninety two one seven.
Great to be there, Very nice knowing you're there. Of
course we're live streaming. I don't know if you're live
streaming with us currently how I Look, But we'll sort
it through that because I was very tardy today. But
of course you can join those streams see How.

Speaker 3 (01:00):
I Look Facebook, Florida Talk real Estate on Facebook on
YouTube as well. That's Florida Talk real Estate, LLC.

Speaker 4 (01:06):
Home of a ton of informational chunk videos, plus our
live stream on a Saturday.

Speaker 3 (01:11):
Of course, if you got your free download your iHeartRadio app.

Speaker 4 (01:13):
You are world wid world wid you can be a
part of the program toll free eight seven seven nine
two seven six nine six nine. Dive into the conversation
and if you have a question, comment, concern in the
world of real estate, use it. The first voice you
hear the weekend birthday boy over here, he's the Saint
Patti's Day birthday boy. It's Jim Athy, our producer at shortinay,

(01:34):
my brother from another mother.

Speaker 5 (01:35):
Hello, Hello, and a good morning, Johnny. How are you today?
You don't look tardy? Well do you feel thirty?

Speaker 3 (01:41):
Wow?

Speaker 4 (01:41):
I don't really feel it either, But I hate rushing.
I always slide right in, but I'm never rushing. I
heard that about you. Yeah. By the way, you want
to lift.

Speaker 3 (01:51):
Your camera up a little bit up? Okay, I'll get
to that and i'll tell you what I'll do that
in just a second. Good to see you, my brother. Thanks.

Speaker 4 (02:00):
I'm Johnny c your old buddy, your old pal. Let's
get to your starting line up here on a Saturday morning.
Your mortgage guy from the mortgage firm, that's Mike Row.
He's right there.

Speaker 3 (02:08):
Hello, good morning. How are you.

Speaker 6 (02:11):
You don't know if it's tardy, if you made it
before the bell, you know that's a good point. You
were just like sitting down as the bell rang.

Speaker 4 (02:17):
It's a great point actually, because you are present at
the time that you're supposed to be there.

Speaker 6 (02:21):
I'm not sure when Jim started the cameras, but they
might have got a nice view as you were adjusting
your chair, you know.

Speaker 3 (02:27):
Yeah, thank you for You're welcome. But good morning, good money.
Always nice to see you.

Speaker 4 (02:35):
Always great to say good morning and nice to see
Ross kamaraonets with Brian Wing Surs June No beach Russell, are.

Speaker 2 (02:41):
You wow, good to see you man, And yes, you
were tardy on time. It's five minutes earlier.

Speaker 4 (02:46):
Okay, So that's the other perspective, right, Yeah, my mother
in law would tell me I was way late, like way, like.

Speaker 2 (02:53):
Four minutes and fifty four seconds.

Speaker 3 (02:55):
You're not early, you're late. If she's not twenty minutes early,
she's late. Yeah.

Speaker 4 (02:59):
Yeah, that's there's a lot of people nod in their
head right now, going yes, sir, that's that's more appropriate.

Speaker 6 (03:04):
That was something when I started, you know, going to
other countries, it was very US or maybe I don't know,
way but different different than South America as far as
like what determines something being late or when you should
get somewhere, you know, right, show up to the party
on time.

Speaker 3 (03:24):
So you're saying some of those like just a suggestion, yeah, suggested.

Speaker 4 (03:28):
It's starting to see some of those, like pseudo racist
feeling perspectives are.

Speaker 3 (03:32):
Actually true, based in fact, based in fact. Right it
all started. Help didn't come off that way. No, I
don't think it did. No, but I think we all.

Speaker 6 (03:40):
I think it's more of a state of mind than
it is. You know, So it's like late, what is
that word?

Speaker 3 (03:45):
Come? What is late? Who's late? We're early? Yeah? What
is he talking about? What is time?

Speaker 4 (03:51):
Let's get to our fearless leader on a Saturday, every
Saturday for over thirteen years now. Well that's a slight
exaggeration because we do miss a few saturday is a year,
but most Saturdays for over thirteen years now. I've told
you he runs a top producing Kellowayiams team, the Florida
Home Pros, the Kellowing was Innovations.

Speaker 3 (04:10):
You'll find Jim Deppola, there's Jimmy d How.

Speaker 7 (04:12):
Yoube, Hey, I'm doing good guys, Happy stuff, Florida. Everybody
enjoying this Saturday. The weather's pretty nice today. Remember last week.
I think it was in the fifties when we were
coming down here, right, it was chillier, yes, and it
was twenty degrees uh higher on the way down this time,
so that was pretty cool.

Speaker 3 (04:30):
Was it in fifty last weekend?

Speaker 7 (04:33):
I thought it was like fifty two when we came in.

Speaker 3 (04:35):
No, I think it might have been that morning. By
the time we were coming out, it.

Speaker 7 (04:39):
Was probably in this seventies or something.

Speaker 3 (04:42):
Yeah, eighty one today though, beautiful day.

Speaker 7 (04:45):
Yeah, no rain. Did anybody catch that moon the last
couple of nights?

Speaker 3 (04:50):
Yeah?

Speaker 2 (04:50):
Real nice.

Speaker 7 (04:51):
Oh my gosh, I saw the Yeah, that was pretty much.

Speaker 3 (04:54):
I hit it like three in the morning when it
was all red. Oh beautiful.

Speaker 7 (04:59):
I didn't see it then, but I saw what it
was read. I was just going to say, I thought
it was only red during the beginning of it, like
last night. I guess it was around seven or something.
I'm guessing.

Speaker 3 (05:11):
I think in two or three there was a changed
color again.

Speaker 7 (05:15):
Really made it wow because it was it was still
very red, you know, when it was coming up past
the horizon.

Speaker 3 (05:22):
So that would have been three am yesterday morning. Yeah.

Speaker 6 (05:25):
I think I only know that because Tiffany mentioned, like, hey,
you're going to be up for the eclipse. I mean
there's a chance that I'm up now two three in
the morning, you know, wouldn't be unheard of.

Speaker 7 (05:36):
Not because of but not because of every clips you
might be up and not because of the I.

Speaker 4 (05:41):
Know people that said an alarm and you know, yeah, yeah, yeah,
that's cool.

Speaker 3 (05:46):
Not me. I got more like two more hours? Was
this two hours?

Speaker 6 (05:51):
Was this like a once in a you know, once
every I don't know, fifty year type of moon style thing?

Speaker 4 (05:57):
So I'm not going to pretend to be that all.
I don't think lunar eclipses aren't that rare. Yeah, I
think it's more like a combination. Yeah, you know, a
blue harvest red sun.

Speaker 3 (06:08):
Right, it was?

Speaker 2 (06:09):
It was, So I'm more really a moon. I'm I'm
more in the rain, like purple rain.

Speaker 3 (06:18):
Okay, when does that happen?

Speaker 2 (06:20):
I think it's scheduled for October this year.

Speaker 3 (06:22):
This chocolate rain. Nice old school. I think we've brought
that up before. Which one the chocolate rain? Chocolate rain? Yeah?

Speaker 4 (06:33):
Yeah, well see now now you're going down a rabbit
hole purple rain into chocolate rain.

Speaker 3 (06:38):
That's not how we start a Saturday.

Speaker 7 (06:43):
Uh. This week We're going to talk about a lot
of different stuff this week. Uh, you know that CPI
Consumer Price Index report came out and the New York
Times puts out the chart showing based on individual products,
whether the inflation went up or down on that specific product.
So I always like doing that quiz with you guys.

(07:05):
So today, you know, this week, we're going to do
that report. We're also going to talk about mortgage rates
because I think there's some news that worthy stuff going
on over there, and we'll talk about that real quick
jobs report came out. Want to talk about that because
it was kind of interesting on the headlines we saw
on the jobs report, and also again for like a

(07:28):
bunch of times, apparently the state legislator has been pushing
for many, many times over a couple of decades to
make Florida no fault to change from a no fault
car insurance place to a at fault car insurance place.
And I thought we'd just talked a little bit about
that with Ross, just real quick about that kind of stuff.

(07:49):
And then the other thing we're going to do is
we're going to take a look at at the real
estate market, like how big the inventory is right now
as part of that whole crashing market thing. So we
got a lot to.

Speaker 3 (08:03):
Talk about the whole crashing market thing.

Speaker 7 (08:06):
Yeah, yeah, that people are saying, the whole crashing market.
It's good that Aj just said hello on our Facebook page.
Good morning, Aja, Thank you so much. We're actually going
to be using your stats that you had on Facebook
that I saw just a couple of days ago. His uh,
you know, AJ is experienced appraisers dot com and he's

(08:29):
been analyzing what's going on in the local market here,
neighborhood by neighborhood as he's doing appraisals, just to see
what's really happening, you know, not just with the you know,
market watchers are saying. So he has some really interesting
perspective on the increasing inventorian. I thought we'd take a
look at that, and then of course we're going to
get him on air and talk about it in another time.

Speaker 3 (08:49):
Excellent.

Speaker 7 (08:51):
Let's uh, let me see what else. I feel like
I'm missing something here. I'm sorry, guys.

Speaker 3 (08:57):
Why you take a peek? You want to take a
quick phone call out the game?

Speaker 7 (09:00):
Oh yeah, I didn't even see. That would be awesome
if we could do that. I would love that.

Speaker 3 (09:05):
Chris has an open house.

Speaker 7 (09:07):
Oh, that's right, talk about it. That's what I was
forgetting what it was.

Speaker 3 (09:13):
How could you forget?

Speaker 7 (09:14):
How could I forget? Chris? Yes, exactly.

Speaker 8 (09:16):
Hey Chris, Hey guys, how's it going good?

Speaker 7 (09:20):
Good? I just stepped on Johnny, So I just this
is Chris Chris Peterson from Keller Williams Innovation. Chris is
on my team and he's going to be doing two
open houses this weekend, and I'm really excited to talk
about both of them. Chris, which one do you want
to start with first?

Speaker 8 (09:40):
Since let's go ahead and start with the Palm Beach
Gardens house today, since.

Speaker 7 (09:44):
That's this morning, Okay, cool. So that's gonna be two
eight six Holly Drive in Palm Beach Gardens. This is
a six bedroom, two bath home. It's a true six bedroom,
so it's kind of unusual. It's in a really great
neighborhood of pocket, I should say, of Palm Beach Gardens.
There's no h away. There's three highly rated schools. I

(10:06):
don't want to say they're all three are A rated.
I think two are A rated, ones be rated, but
all highly rated schools that you could walk to middle,
elementary and high school walk to. There's a park across
the street. Half the people have a boat in the
yard because it's just that kind of neighborhood where everybody's
just really outside all the time and doing stuff and

(10:29):
just really great neighborhood.

Speaker 3 (10:30):
You either have a boat or want a boat, want
a boat.

Speaker 7 (10:33):
And what's great is is our lot. If you just
change around the fencing a little bit, the driveway is
already set up where you can put your boat in
the backyard or they RV in the backyard, and it's
got a really nice oversized lot. Chris, what were you
What were the key things that you saw from the
property that you thought struck out to you.

Speaker 8 (10:55):
Yeah, So for me, the best part about this house,
I think if driving around different neighborhoods, you always find
there's that one house which is like the anchor of
the neighborhood, and it's the house that just kind of
it stands out in a different way. And that's that's
what this property is. And I think for me it
was a couple of things, because number one, the lot

(11:16):
is spectacular. There's so much space, like you said, easy
to put in a boat or an RV. It's ready
to go. You didn't even mention the fact that it's
got a giant pool in the backyard as well. But
the house just it's kind of on this corner lot
and so you drive by it, but it's not a
traditional corner, but it just stands there with such prominence,

(11:39):
and so as you drive by, you're like, wow, that's
a beautiful house, and it just really stands out in
the neighborhood. So I think it's that for me, that's
what it was. And then on top of it, there's
a lot of space in this house too. It's about
right around two thousand square feet interior livable space. Yes,

(11:59):
six rooms, two bathrooms, and it's ready for a family
to move in and really love it because it's a
fantastic property.

Speaker 7 (12:07):
Yes, And this house was actually under contract and the
deal fall apart because the buyer couldn't get the financing
and we were done. We had the title of the appraisal,
the inspection, the house, the house was ready to close,
and then at the last minute the lender yank the
financing from the buyer. So this house I can disclose

(12:29):
is actually under the list price of what we had
it under contract for at the appraised value. So there's
some value here for anybody that's looking to buy the house.
A couple other things I love is that it's got
that really large circular driveway in the front, so that
you have plenty of places to part. And the other
thing is, Chris, can you do me a favor? Could

(12:51):
you when you go over there this time, could you
measure the deep end of the pool? How deep it is?
One of the agents that we had called and asked
us if that's an eight or nine foot deep pool,
because those older pools back then they were eight feet deep. Built.
This is a nineteen seventy four, seventy three house, I
think back feet, yeah, yeah, And they when they said

(13:13):
eight feet, they meant eight feet and probably a little
bit higher, right, a little bit deeper. So some people
really love that. I did. I remember growing up in
Florida and that's all that there was out here. Oh,
it's so awesome. Everybody had a dive on board, right,
you can't do diving boards anymore.

Speaker 2 (13:29):
Slides, right, slides.

Speaker 7 (13:31):
Yeah, So so if you could take a measurement of
that deep end pool. And that's the other thing I
love about that house. It's a nineteen seventies pool and
I know that sounds counterintuitor because it's older, but they
just don't build him like that anymore.

Speaker 3 (13:46):
Right, how do you measure?

Speaker 6 (13:47):
He's measuring down to or up to the the pool edge? Yeah,
the coping or whatever you would call that, or the waterline.
Just do the just talking about the between eight and
nine feet, it could be it right there.

Speaker 7 (13:58):
See, Chris, what I have to do with Mike all
the time, that the analytical guy.

Speaker 3 (14:02):
But you said that.

Speaker 6 (14:03):
You didn't say, like, hey, is that a four foot
or an eighth of You said it's it eight or
nine feet.

Speaker 3 (14:07):
I mean that that's a big water line. No, what
I said was seven inches lower than my tile life.

Speaker 8 (14:12):
Yeah too, tell you what, tell you what? I'll take
both measures.

Speaker 3 (14:18):
That's thorough.

Speaker 7 (14:19):
Thank you, Chris.

Speaker 6 (14:20):
Thanks, And then you can put your real estate magic
on that, Jim. He'll give you two measurements and you
figure out which one sells the best.

Speaker 7 (14:28):
A couple other things that's really awesome about the house
is that it's got to do a roof. I think
it's twenty twenty, Chris.

Speaker 8 (14:35):
That is correct, twenty twenty brand.

Speaker 7 (14:36):
Yeah, awesome, awesome. And then it's got some uh, it's
got impact windows in the front of the house and
panels for everything else. So it's in. It's an excellent condition,
really good value. If somebody's looking for all those bedrooms,
you know, this is one of the opportunities there.

Speaker 3 (14:53):
So what was his house built?

Speaker 7 (14:54):
I think, Chris, you know.

Speaker 8 (14:56):
Ninth it was built in nineteen sixty four.

Speaker 7 (14:59):
Oh sixty. I thought it was seventy four. So sixty
four and CBS okay, But back then in CBS on
the second story they always had wood frame. They didn't
have CBS all the way up like they do sometimes now.
But they don't even do that now on all the houses,
even some of the new construction houses. They'll put wood
on the second story and CBS on the bottom. So Chris,

(15:21):
what time are you going to be there?

Speaker 3 (15:23):
From?

Speaker 7 (15:23):
What time today?

Speaker 4 (15:25):
Yeah?

Speaker 8 (15:26):
I'll be there from eleven o'clock this morning until two
o'clock this afternoon. So anyone that's interested, come on by
and take a look and introduce yourself.

Speaker 7 (15:35):
That's awesome to eight six Holly Drive in Palm Beach Gardens.
Got to check it out. Really location, Yeah, great location, Chris.
Then you got a busy weekend because you're going to
be doing an open house on Sunday, correct.

Speaker 8 (15:50):
I do, that is correct, So Sunday I'm heading over
to Singer Island. We've got a two bedroom, two bathroom
condo that is just fabulously renovated. It's a fully renovated condo.
It is right on the water. You're just steps away
from panoramic intercoastal views. There's a boat dock with the property.

(16:14):
It's just it's ready for someone to come in and
it's moving ready, it's turnkey. It just bring your boat
and your bloat and your clothes and your furnishings, and
off you go start enjoying that intercoastal waterway.

Speaker 7 (16:27):
It sounds like if you're living on the intercoastal in
a condo that's just brand new everything, you know, fully renovated,
with a boat dock, it sounds like that's going to
be expensive. How much is this on the market for?

Speaker 8 (16:40):
So this one is for five hundred and fifty nine thousand,
So it's actually a very great opportunity in that particular area.

Speaker 7 (16:49):
Yeah, yeah, under six hundred thousand, and you get a
boat dock, you know, with the house, and the house
is fully renovated. The owners did a really great job.
They have large porcelain tile throughout the house that really
gives it a sleek feel. They open up the kitchen.
They have a waterfall island. Now do you know what

(17:10):
I'm talking about with the waterfall? Do you know I'm
talking about I think I do. That's where the countertop
goes down the side, like the stone goes down the side,
continues down the side. Yeah, they call it the waterfall.
So they've done all the modern upgrades of the house.
There's nothing you have to do to this house at all.
You just move your furniture in and enjoy. And you

(17:31):
get a boat dock and I think you can put
a twenty two foot boat in there, right right.

Speaker 8 (17:35):
Chris, that's correct, Yeah, that's correct. It's a twenty five
foot dock space, but they say it accommodates a twenty
two foot boat.

Speaker 7 (17:44):
Okay, awesome. And it's a very great community. It's really
well run the unit. The community looks very very tight,
you know, as far as the looks of it and everything.
It seems to be in compliance with all the regulations.
Because there is a three there are a couple three
story buildings in there. And it's actually much bigger community
than you think. It is. When you pull in, you

(18:06):
go pretty far. It's pretty far east to west, east
to west, isn't it, Chris. I mean when you pull in,
you think you're going to be right at the inner coastal,
but you're probably driving more than a quarter mile.

Speaker 8 (18:21):
At least, Yeah, if not more. It's you feel like
you drive forever to get back in there. But it's
well worth the drive because just the you're right on
top of the water there and it's just it feels amazing.
So yeah, it's a great property. The other thing I
would say is that the association has been going through
all of the exterior refinishing the roof. The roofs on

(18:44):
the buildings are being replaced as well, So there's nothing
that this condo is going to eat most likely.

Speaker 7 (18:51):
Right, there's no pop up surprises probably coming in the
future for them, so that's one of the things. And
what time are you going to be there Sunday?

Speaker 8 (18:59):
Chris, Sunday, I will be there at the same time,
starting at eleven am and be there until two pm.

Speaker 7 (19:05):
That's awesome. Now, Sugar Sands ten thirty Sugar Stands Boulevard
and when you go into Sugar Sands there's no gate,
so you could just drive in. There's no issue getting there.
So if you want to have a nice Sunday drive
and take a drive over to Singer Island a beautiful
day like this, why not and then go out and
say all to Chris and see what's going on and

(19:26):
take a look at this house. Especially if you're a
boat owner and you're just looking for something that's affordable.
This is an awesome opportunity.

Speaker 3 (19:34):
Not only affordable, sounds like it's pretty magdaddy too.

Speaker 7 (19:37):
Yeah, But you know, when you think about you keep
thinking intercoastal waterfront views. You know, five hundred and fifty
nine thousand dollars and you get to have a boat,
you know, And if you don't even want the boat,
you're allowed in that community to sell or rent that
dock to anybody else in the community. Right, you can't
sell to outside people. Right, But if you don't want

(19:58):
the doc, you could sell it to make the un
it even less expensive, right by selling the doc.

Speaker 2 (20:03):
That's prime. That's right next to the inlet.

Speaker 7 (20:05):
Yeah, yeah, it's right there, it's right there. It's it's
a small thing. They're like on almost the corner unit
on a small finger canal, right on the large end
of the InterCall. So it's pretty nice.

Speaker 3 (20:17):
That's perfect.

Speaker 7 (20:17):
Yeah, Chris, do me a favor. Will you sell those units? Okay,
sell them? I need you to sell them.

Speaker 8 (20:24):
Okay, we'll get it done.

Speaker 7 (20:28):
Okay. Awesome, man. I'll be calling you later today, Okay
to catch up on some things.

Speaker 8 (20:33):
All right, sounds great. Everyone, have a great day.

Speaker 3 (20:36):
Thank you, Chris, Thank you for the phone call.

Speaker 4 (20:37):
We're gonna have details on both those open houses on
Florida Talk real Estate facebook page.

Speaker 7 (20:42):
Yes, they're on the facebook page. Chris has done a
couple of videos on them too. So if you want
to just kind of grab a look real quick before
before you go out there, excellent. And even if you're
not interested in those properties but you're interested in real estate,
stop by. Sayalo to Chris. We'll get you going. You know,
I'm Monday. I'll give you a call. I'll get you going.

Speaker 3 (21:00):
What a great place to you know, chop it up
a little.

Speaker 7 (21:03):
Bit, Yeah, hanging out on the water just out Yeah.

Speaker 3 (21:07):
Nice.

Speaker 7 (21:08):
Speaking of waterfront condos, congratulations to Shane and Angela. I
just put their house under contract. How long was it
on the market for I can't We just went under
a contract on Thursday. We were oh, man, I was slacking.
I thought it was I thought it was shorter time
than this. Fifteen days, right, fifteen days on market. We

(21:32):
did not get full asking price, but Angela and Shane
were okay with that because they've had this house for
a long time. They it's a condo, I should say,
it's a condo in North Palm Beach. It's a little
small condo. It's only seven hundred and twenty square feet.
It's on the third floor. It's also on the inner coastal,
but it doesn't really have inter coastal views from the unit.

(21:54):
But you're just surrounded by water and you feel like
you're in a ocean or or boating environment by being
in this community. Rosh you know this. It's over by
Paradise Harbor, you know, over by Jupiter Donuts over there
on us one.

Speaker 2 (22:10):
Yeah, that my mom's condo is across across the water
from that.

Speaker 7 (22:16):
Okay, it's just on the other side, on the other side.
So these buildings are really nice. It's a little I
call Pierre to Terra. It's like a little seven hundred
and twenty square foot one one. But Shane and Angela
mac Daddy this place and they just used it a
place to crash. Like they live out west in Palm
Beach County, they wanted some places to chill out. They

(22:37):
rented it on and off over time, made a lot
of money on the Reynolds, and now they're ready to
sell and they're very happy with what they're getting. Right now,
they're selling it furniture. It feels like it almost feels
like an airbit. Well, it doesn't almost feel like it
feels like an Airbnb. You really feel like you're in
a vacation home when you walk into this place. It's

(22:58):
pretty cool.

Speaker 3 (22:59):
Cool.

Speaker 7 (22:59):
So we put it was only on the market for
two fifty right, so this is like very inexpensive. So anyway,
congratulates as Shane and Angela, thank you for trusting us
to do this. This is I think the third transaction
or second transaction we've done with them. Yes, thank you
so much. And also shout out to John and Joanna.

(23:21):
We put their property in Aberdeen under contract. It's a
two to two villa with a den, and we put
the house under contract. It's a fifty five over community.
But over there you pay sixty five thousand dollars just
to join the community to be part of the golf
and active lifestyle membership they have over there. They have

(23:43):
like six restaurants and two professional golf courses, and tennis
courts and pickup ball courts and any kind of activity
you almost want to do. They have it all there
for you. So it's like a one stop place. You
don't even have to leave there hardly except to go
get grocery shopping. But you can do that online now,
so you don't have to leave there ever if you
don't want to. So anyway, congratulations to John, looking forward

(24:07):
to get that one done for you. And let me
see here, let me see okay, the next I just
want to see one more thing, yes, and also wanted
to do a shout out to Lorraine. Lorraine had a

(24:29):
property with a detached building on it and we put
it under contract last week, had the inspection. Now we're
waiting just to go ahead and close the person buying it.
It's kind of interesting they're more interested in the building
and the lot than they are the house itself. The
house is only like eleven hundred and seventy five square

(24:50):
foot too, too, needs a little bit of work, but
it's overall it's a good shape. It isn't like it's
a dump or anything like that. But it's small. But
that lot is awesome. It's very secluded, even though that
your neighbors. You know, it's an one point three seven
acre lot, but it's so vegetated. It's so secluded out there,
you feel like you're like in your own private tropical

(25:13):
rainforest over there. And it isn't that it's overgrown or anything.
It's just lots of plants. I was talking to the
buyer that's buying the property and he was like, you know,
each one of those they have like palm trees that
line the whole one point three seven acre property. And
he goes, you know, if you had to buy those

(25:34):
plants at that maturity age, they'd be at least three
hundred dollars apiece. He's like, you got like thirty thousand
dollars of plants just along the fence line, not including
everything else. So really looking forward to getting that deal done.
Everything's looking pretty good so far. We're waiting for an
appraisal to come back and we're good. Oh no, I'm sorry.
We negotiated all that and it was all done. So

(25:56):
congratulations to Lorrain and we're just looking waiting for the
date now on that one. Knock on wood, yep, knock
on wood and get that going. So thank you guys
so much for working with us. I really appreciate everybody
doing that. Also, going to have a bunch of other
people coming up. We've got a bunch of other ones.
Wanted to talk one more thing about a couple of

(26:18):
properties we have on the market that people might want
to know about, just beer with me. One of these
properties is getting a lot of action. It's Port Saint Lucy.
We just put up We just put up one two
five two one Northwest Lynch Lane in Port Saint Lucy.

(26:39):
It's in Copper Creek in Port Saint Lucy, which is
on the Western area. It's actually new construction. This unit
was built in twenty twenty. It's a two story, four bedroom,
three and three and a half bath property and we're
getting a lot of action on it. So if you're
we have it on the market for four p thirty.
If you're looking for something that it's in a planned

(27:00):
community that's affordable, but you're looking for that newer construction
because you want the insurance discounts, but you don't want
to wait for the new construction to be built. This
would be a great opportunity for you. And then finally
we put a new property on the market on Friday,
just yesterday, five Damn b Place. Shout out to Sewn

(27:22):
and Janet. We're going to be helping them sell their
house in Point Beach. This is the three bedroom, two
bath home in Pointon Beach in Pointon Lakes Estates. It's
on the market for four hundred and sixty thousand dollars.
They're going to be selling their home and then buying
a home up in Tennessee. So what we did up
there is they weren't sure what part of Tennessee they

(27:43):
wanted to move to, so we got them agents in
two different regions of the state and they went up
there a couple times and checked it all out, decided
which region they want to move to. The region they
chose not to. We had to say goodbye to that agent,
even though they did awesome. Janet and Sean said the
agent was excellent. And now they're working with Autumn on

(28:06):
the eastern part of the state and they've already started
finding properties that they like up there. Cool and we
helped them through that whole process. We helped them find
the agents. They didn't even know what part of the
state they wanted to live in, so we were able
to get into multiple people to really find out what
was going on. Everything's cooking along good for them. We
just put the house on the market yesterday, so I'm

(28:27):
expecting good things for that. So thank you for trusting us.
Sean and Janet. Can't wait to get that deal done
for you. And let's go ahead and take the break
right now, and then on the flip side, let's do
that consumer price index quiz, which I think is funny,
and then that'll roll right into what's happening with the
market and interest rates, Mike, because we have a little
trend going so I wanted to talk to you about that.

Speaker 3 (28:49):
Finally broke the streak.

Speaker 7 (28:50):
I know, that's what I want to talk to you.

Speaker 3 (28:52):
Huge spike this week, huge fow point zero two.

Speaker 7 (28:55):
Yeah, I know, that's as I say, Okay, I thought
you knew something I didn't. Yeah, yea. So we're gonna
talk a little bit about that, and we're gonna talk about,
you know, what's going on with this inflation thing, what's
going on in the real reports, real world.

Speaker 4 (29:08):
You're always welcome to join the conversation toll free at
eight seven, seven nine two seven, six nine six nine.
But always remember you have access to a team of prospros.
If you're buying a home, selling a home, you're stuck
with a home, you don't know what to do with it.
If you have anything that touches the world of real estate,
from insurance to hell. Even with Jared, we got CPA power.

(29:29):
I mean, this team is a team of pros pros.
And when you need expertise, remember Floridatalkrealestate dot com, Facebook,
Florida Talk real Estate. You got them on YouTube with
a ton of informational videos to consume. But your key
the real resource floridatalkrealestate dot com.

Speaker 3 (29:46):
There's a hotline.

Speaker 4 (29:46):
You can call it twenty four hours a day, seven
days a week eight eight eight nine seven three seven
eight two eight Find it at Florida Talkrealestate dot com.
You're one stop real estate shop. Know it, use it,
love it, shared It's floridatalkreestate dot com. We're back and
for minutes. Great to have you with us every Saturday
here on Real Radio.

Speaker 1 (30:17):
This is Florida Talk real Estate with Jim Depola and
Johnny C got a question for the show, call us
Live at one eight seven seven nine two seven sixty
nine sixty nine.

Speaker 4 (30:27):
Yeah, you can dial it up eight seven seven nine
two seven six nine six nine questions comments, concerns on
the world of real estate. Want to dive into the
conversation at hand, don't be shot, jimmithy here our producer,
extraordinary whole line.

Speaker 3 (30:39):
Yep, what's up? My brother? He and good morning, good morning.
It's uh, it's Saint Patty's Day weekend.

Speaker 4 (30:45):
There'll be celebrations probably all weekend, even though it's not
until officially Monday.

Speaker 3 (30:50):
We also know, let's say we call that Jimmothy's birthday weekend.
When's your birthday? Monday? Monday, Monday on Patty Day? Okay, baby, wow,
happy birthday.

Speaker 7 (31:00):
Happy birthday, Jimmy.

Speaker 3 (31:01):
Thank you all very much. Mine will be uh Friday,
Oh yeah.

Speaker 6 (31:05):
Yep, nice, oh Friday twenty first. Although although Andreas, my son,
came over this week and had a birthday card for me,
and he walks in, He's like, hey, pop, happy birthday.
Sorry I'm late, you know, happy belated.

Speaker 3 (31:21):
I'm like what he goes, that's yeah, yeah, he did.

Speaker 6 (31:26):
How to think about that could have been last year's,
but apparently he had my birthday as the eleventh his
in his.

Speaker 7 (31:31):
Phone, so that means sorry on his birthday soon, right.

Speaker 3 (31:34):
Yeah, So eighteen eighteen out of twenty eighth. Oh my
eighteen on the twenty ninth is amazing. Yeah, all growed up?

Speaker 7 (31:41):
That's oh yeah, that's right. Tony's birthdays run around the
corn too, right, Yeah, wow, that's twenty ninth. Yeah he's nineteen. No,
he'll be eighteen eighteeny two. Yeah, I thought you seen me.
Serial that's pretty amazing. That's sorry. Well, happy birthday everybody,
hope you enjoy. Yeah, that's awesome.

Speaker 3 (31:57):
I see that's me.

Speaker 4 (31:58):
The birthday boy a week from yesterday is Mike around
the Morgage guy from the Workers First.

Speaker 3 (32:02):
Sorry, Jimathy, I mean to steal your totally. Jimthy's like
me where it's kind of like I don't care. I
don't either. I don't.

Speaker 6 (32:11):
I've made way too much of a big deal out
of it already for Jim. But if you want to
send gifts, here's my address, my veno.

Speaker 3 (32:21):
That's right.

Speaker 4 (32:22):
Hashtag something beautiful. Nice to see Mike is oh yeah, hi,
ross comerdas. When's your birthday.

Speaker 2 (32:29):
June June eighteenth eight. You know that's in Juno Live
in a theme right way.

Speaker 4 (32:37):
You know that Juno Beach we celebrate a birthday of
June's there's that's good.

Speaker 2 (32:42):
To see you brother, you too, good morning everybody.

Speaker 4 (32:44):
Always a pleasure And of course our fearless leader there's
Jimmy D. Jim Topolo runs a top producing caller, Williams Team,
the Florida Home Pro Team and Keller Williams Innovations.

Speaker 3 (32:52):
Jimmy D.

Speaker 7 (32:53):
How you be yes birthday the twenty fifth of January,
just past weeks.

Speaker 3 (33:00):
That a right yeah, been there, done that.

Speaker 7 (33:02):
And uh, I want to do a shout out to
all the listeners on the show February January, I was
ranked in the top five or whatever agents in my
group for doing what's called the home run, which is
getting picking up listings, putting houses under contract or buyers

(33:23):
under the contract, and then also closing. So if you
do all those three things every month, you hit a
home run. So we hit a home run in.

Speaker 3 (33:33):
The contract on both sides, and you close.

Speaker 7 (33:36):
No, just in general, like if I pick up a
buyer and then I pick up a list and then
another house closes, you know, and you know that like that,
like you have to do. You have to be in
the business like all three things. Not just say I
closed the deal this month and you didn't pick up
any new business. So this is like showing that you're
in production, right, So yeah, we're in the market, not

(33:59):
on the right right. So really really appreciate being recognized
for that. But I'm the only reason why I'm recognized
for that because I'm working with people that no one
trust us and work with us. So thank you everybody
for supporting our show. And please referrals to the lifeblood
for everybody here, Ross Mike, everybody. So please, if you

(34:22):
know of anybody that needs our services, any of our services,
give us a call, because uh, we're very competitive with everybody,
and we always give out great information even if you
don't decide to work with us.

Speaker 3 (34:33):
That's the facts.

Speaker 7 (34:35):
Okay, Yeah, you know, I got I gotta complain. I'm
going to put this out on the air because I
want to know if anybody else of this. I got
to complain about my answering service. So when you guys,
when you guys call, you'd be amazed at how many
people call me at like ten o'clock at night or
eleven o'clock or even one o'clock in the morning, they're
texts me emailing us at that time. So yeah, So

(34:58):
the way I decided to solve that year and years
ago is I pay eight hundred, I pay the eight
eight eight nine seven three seven eight two eight, and
I pay a service twenty four to seven to pick
that up. They're live operators, they're locally based, and they're
supposed to do ask you certain basic questions your name,
your address, your email phone number, and what you're calling about,

(35:21):
and then they're supposed to play that. I'm going to
give you a call back and get it all running.
I got a couple complaints this week that those eight
hundred service operators weren't really doing the best they could be.
So if anybody's out there and had the same experience
with that, can you let me know because it really
does matter to me. And I won't know unless people
say something, because I'm going to be doing research to

(35:43):
look for another company very soon.

Speaker 3 (35:44):
Yeah, have you tried it? You could just call.

Speaker 7 (35:47):
Yeah, I tried it. But like I've had this company
now for five years, and the last time I got
wild hair about this it looked like it was fine.
So it's a pain in the butt change in it
because you don't know you're going to get these phone
answering service companies. Some of them are like bots, were
just paying at and yeah, maybe we should do it live,

(36:10):
but let you know what, next week, we're gonna do that.
We're gonna do that next week. That's an awesome IDEA.

Speaker 2 (36:15):
Secret shop your own people.

Speaker 7 (36:17):
Yeah, a secret shop.

Speaker 4 (36:18):
We're gonna have to they have to know they're on
the radio. Why, that's the way it is. Yeah, if
you're ever listening to something it sounds like they're doing that.

Speaker 2 (36:28):
It's a bit whoa, whoa, whoa, whoa. Don't pull the
curtain back.

Speaker 3 (36:33):
Maybe just a little peaked.

Speaker 7 (36:34):
But there's no Santa Claus. There's no Santa Claus that far.

Speaker 2 (36:39):
Of course, that's a real dude Easter bunny.

Speaker 3 (36:44):
I'm not certain about that. Okay.

Speaker 6 (36:46):
So these calls that I hear, they sound completely like
their prank calls.

Speaker 3 (36:50):
Those are those are.

Speaker 6 (36:53):
Sec You have to let I thought you've recorded, then
you let them go after and then say, hey, is
it okay if we use this on on the show.

Speaker 3 (37:00):
That's pre recorded. Yeah, that's the way to do it.
But it's a bit. You recorded that, right, it's not live,
I got you.

Speaker 7 (37:06):
Yeah, Yeah, all right, that's pretty interesting. Well let's switch
over to uh. Well, if anybody has any comments about
what we just talked about, please let me know. I
really care. Okay, is this show a bit? Yeah, it's
been a thirteen year bit longer than longer than the
Fort Myers story.

Speaker 2 (37:25):
That is a deep, deep cut.

Speaker 7 (37:27):
Yeah, I'm going deep right now.

Speaker 3 (37:29):
Yeah. That that is an old real radio reference.

Speaker 4 (37:32):
Right. That is a story that doctor Rich from the
Love Doctors used to dangle forever, so we are.

Speaker 3 (37:39):
That is a deep cut for sure.

Speaker 7 (37:41):
Yeah.

Speaker 3 (37:41):
I have listening to this station for that long.

Speaker 7 (37:43):
Bless you think you yes, yes, I wonder if the
I wonder if the lizard's still hanging up and oh
there's nobody using that studio anymore.

Speaker 3 (37:51):
That building is yeah, what is god? Is it empty? Completely?

Speaker 5 (37:56):
I the last I knew the outside of it was
still standing. I don't know what they were going to
do with it. I thought they were renovating it inside.

Speaker 3 (38:05):
Did you drive up there and around? Yeah? Yeah? How
tall are the ceilings? Could you put pickle ball in there?

Speaker 2 (38:12):
No?

Speaker 7 (38:12):
I don't think so no, no, he.

Speaker 2 (38:17):
Go up there and do a show again just from
that building.

Speaker 7 (38:21):
You remember, remember driving up there all the time, Mike.
You never did that, right, Mike, to drive up to
Port Saint Lucy.

Speaker 2 (38:27):
It was just so far.

Speaker 3 (38:28):
I saw that studio gutted and it gutted me.

Speaker 7 (38:31):
Yeah, I know it would be sad to me, It
would be sad.

Speaker 3 (38:34):
It was so there was so much history, yeah, stud.

Speaker 7 (38:37):
It really was.

Speaker 2 (38:39):
Yeah.

Speaker 7 (38:39):
I just remember.

Speaker 4 (38:40):
They used to fill that little room with all kinds of.

Speaker 2 (38:45):
We came people.

Speaker 7 (38:47):
I so wish that show started like five years earlier
because I wantedly wanted to be heavily involved in Love
Doctor Charity's right. I really wanted to get involved in that.
I wanted to be involved in the marathon when they
were doing all those live events back then, you know,
before they got old and tired.

Speaker 3 (39:05):
You're really all the live events is even.

Speaker 7 (39:08):
Yeah, yeah, I just felt like, you know, that was
like the high point you know of real radio and away,
and I just wanted to be involved in that. We
just got in just when everything was kind of changing.
That Michael Jackson thing happened with Janet jack and Jackson.

Speaker 3 (39:28):
The dogs are downshifting.

Speaker 4 (39:29):
They were they were well, I don't want to say downshifting,
but they were way and more like, we're not doing that.

Speaker 7 (39:34):
Yeah, they were done. They were like, yeah, I'm I'm
too old for this. I'm getting too old for this stuff.

Speaker 4 (39:40):
Like, and they were still dominating. The show was still amazing,
but they weren't. You weren't going to see him out about.

Speaker 7 (39:46):
No, you were not, you were not going to do that.

Speaker 3 (39:48):
Yeah.

Speaker 7 (39:49):
But uh so, the the Consumer Price Index report came out,
and uh, you know, right before that was happening the
week before, Mike, we were talking about some stuff that
we got real life anecdotes about about changes to inflation.
So the week last week, the beginning of last week,
I should say the week before last, one of my customers,

(40:13):
a buyer, found out that the roof is passed its
useful life. So we had to get a roof quote.
So we called a couple of roofers to get them
out there to give us a quote. And one of
the roofers, who's very reputable we know work with them
in the past, they said, this is on a Tuesday.
He wanted to come out on Thursday and said, if
you don't buy the materials by Wednesday, we're going to

(40:35):
have to jack up the prices, increase the prices by
seven percent. And I'm like what, and he goes, yeah,
we've already been told by our suppliers that it's going
to be a seven percent increase in the materials starting
on Friday, meaning last Friday, not this Friday, not yesterday.
And I said, and it's composite shingle and most of

(40:55):
that comes from Canada, right, So we were thinking, oh,
here's like, here's where the construction costs are going to start,
you know, real life example, construction costs starting to get higher,
just like everybody's predicting what will happen with the inflation
and everything. And I was reading news reports like like
lumber was going to go higher because Canada, does you know,
gives us a significant amount of our lumber. But I

(41:18):
didn't think about the composite shingles like that kind of stuff, right,
So we didn't talk about it on the air last
week because we had other stuff to talk about. So
now the inflation report came out, and the week before
last everybody was going nuts about inflation. So if you
want to look at this inflation report objectively, this report

(41:40):
looks like twenty of the reports that Biden had meaning
like not that bad. I mean two point eight percent inflation.
Biden had that for three years. He was well, not
three years, probably eighteen months. He was hanging around there, right,
And it really hasn't been increasing as fast. It's still
going up, not as fast as it was a few

(42:03):
months ago. So this report isn't really that bad. But
everybody is making it sound like we're in a recession.
If you read some of these news organizations, we're already
in a recession.

Speaker 4 (42:13):
I haven't really consumed a lot of that super really, No, really,
I haven't seen it yet.

Speaker 7 (42:18):
Oh well, I'm just looking at the related I mean
because the well, yeah, of the jobs report was weaker, right, Well,
I don't know, twenty thousand, twenty five thousand jobs, you know,
and they just laid off six thousand federal workers at
that point.

Speaker 3 (42:34):
Well that's twenty five lower than expected.

Speaker 7 (42:37):
Yeah, so they wanted one seventy seven and it came
out of like one fifty one, right, one hundred and
seventy seven thousand they are expecting. It came out one
fifty one. No, that is lower, no doubt about it, all.

Speaker 3 (42:46):
Right, So to be fair, The number I read was
seventy seven thousand.

Speaker 7 (42:51):
I have it right here.

Speaker 2 (42:53):
You might be right.

Speaker 7 (42:53):
Maybe I was reading it wrong. Maybe I thought it
would oh honey, oh no, we added let's see, Oh
it says we added seventy seven thousand new workers for
the month. You're right, seventy seven thousand. Where get the
one fifty where they get the one fifty something?

Speaker 6 (43:17):
Maybe that they revised the previous one down and they
always do that, they always, But that's a yearly thing.
There's no serious look monthly. I understand where you're coming from, Sean,
because I have that. That's the ADP report came out
with the seventy seven thousand on MPR. This is good
that we're talking about this because this is part of
the sudge I want to talk about. MPR is saying

(43:39):
that we added one hundred and fifty one thousand jobs
in February, and ADP says we only added seventy seven thousand.

Speaker 2 (43:47):
Well maybe paychecks added the other seventy thousand.

Speaker 3 (43:51):
Yeah, is ADP saying that's their their payroll, right, because.

Speaker 7 (43:56):
This is their estimate, that's their That's what ADP. You know,
a top they put out these reports. You know for branding,
you know, for brand marketing, to show that they know
what's going on in the market. But you're right, they
said seventy seven thousand.

Speaker 3 (44:08):
But the.

Speaker 7 (44:10):
There's the report the Department of Labor said one hundred
and fifty one thousand.

Speaker 3 (44:15):
Okay, well that's that's a way better number. I mean
that's twice as much. Yeah.

Speaker 7 (44:18):
So if so, based on the one hundred and fifty
one thousand, I didn't think it was that bad. But
if it was seventy seven thousand, then we're then my
whole opinion has changed, right live on air because you
said that. Did you just see my face? I was like,
wait a second, what do you talk about? So there
you go. So we the job market is weak a

(44:40):
little bit, so that might not be a good sign.

Speaker 3 (44:45):
Now.

Speaker 7 (44:45):
The other thing I think is interesting about this, because
this is only February, only six thousand of the jobs
were government jobs that were layoffs, right, the unemployment part
of it. There were only six thousand jobs that were
cut because of the federal government. Right, But employers laid

(45:10):
off one hundred and seventy two thousand people this month
in February. Right, one hundred and seventy two thousand got
laid off, so only six thousand were that right, they're
expecting that next month it's going to be closer another
forty thousand government workers. So if it's forty thousand of
one hundred and seventy two thousand, that's like twenty five

(45:32):
percent of the layoffs would be coming from the government.
The other thing I found interesting reading about all this
because everybody's going some nuts about the cuts, and I
understand what people are concerned about because the services, you know,
the services being affected by these cuts. But during the
Clinton era, Clinton laid off four hundred thousand government workers

(45:57):
using a lot of the same logic that that Trump
is doing.

Speaker 3 (46:01):
Right now, Sure this isn't unprecedented. This is actually pretty common.

Speaker 7 (46:06):
Yeah, there's usually somebody appointment done.

Speaker 4 (46:09):
Well, yeah, it's being done more in a hatchet form
than a scalpel form.

Speaker 3 (46:13):
Yeah, there's a right way.

Speaker 4 (46:14):
And again it's I know al Gore was appointed as
the head of DOGE. I mean, we just have a
there's a there. This administration is good at like branding
things to almost feel like it's novel or new, and
the new approach is just a slash and see what
happens it's an approach, but it's it's not new to say, well,

(46:34):
we need to see how efficient our spending is within
the government. They just haven't really made it like flashy
news in the past, but it's always been a thing.

Speaker 7 (46:43):
Yeah, so it's gonna be it's gonna be very interesting
to see how much of the workforce is going to
be laid off from the federal government and how that
affects employment and unemployment in the long run. Right, it's
gonna be very interesting to see if this is just
gonna be a bump in the road. That's kind of
the way that happened with the four hundred thousand layoffs

(47:05):
in the nineteen nineties with Clinton and Gingrich, Right, they
work together to make that happen.

Speaker 6 (47:10):
But also big difference is like the if you're you know,
if you might be laid off within six months is
different than you're fired, right, And so like that transition
for people to go from employed gainfully employed to what's next,
they might have had like a some time to figure
that out, and a lot of a lot of the
you know, federal workers that were off, they just like, okay,

(47:32):
maybe we get a little bit of severance whatever it is.
But I better figure out what I'm doing right, as
opposed to I figured out what I'm doing now.

Speaker 3 (47:38):
I'm prepared to transition. There's no doubt difference.

Speaker 7 (47:42):
There's no doubt there's gonna be a lot of pain
and is a lot of pain already. There's no doubt
about that, and I'm sure there was back in the
nineties too.

Speaker 3 (47:49):
It's just there's also a lot of legal questions around.

Speaker 7 (47:52):
Yeah, there's gonna be a lot of a lot of
the say, I wonder how much of these savings are
going to be eating up in legal fees. Right, They're
gonna have to defend all the things that they did, right,
Who knows how that's going to be work. But I
want to really keep an eye out on the government
layoffs versus how unemployment stacks up over time. That's seventy
seven thou ADP report is a little shocking to me.

(48:15):
I'm hoping that's like an outlier, you know, and that
everybody else like that's an outlier on the predictions of
what was going to happen.

Speaker 6 (48:23):
But there's the official report, and maybe ADP is like predicting, like, hey,
here's what we think it is. And so when they
revised this report. Maybe it's going to be closer to
their their number because right because the the job's numbers
are turned in essentially, that's what's reported as the jobs report.
But then they revise it after they kind of go
through and sort out what's what's what.

Speaker 7 (48:44):
In the last two months January and December, they revised
them during the February. They only revise it by two
thousand jobs each month. Well, they do it monthly. Yeah,
they actually look at it monthly. They look at it quarterly,
and then they look at it I annually, and then yearly.

Speaker 2 (49:00):
Right.

Speaker 7 (49:00):
They they they'll change it over time. And you and
I have talked about this a lot. Sometimes they've changed
the unemployment stuff like three months later by thirty thousand
jobs or something. Right, But right now they're saying that
the first two months were pretty close and they only
adjusted for two thousand. I don't know if it was
up or down, but it was a two thousand adjustment. Negligible.

Speaker 6 (49:21):
I think as long as they use the same method
every time, it's okay, right, Like, yeah, the same standard.
We're going to count these jobs one way this month
and these jobs one way this month.

Speaker 3 (49:33):
Yeah, and then it's like, Okay, what's the what's the messaging?

Speaker 7 (49:36):
Like we use Freddie Mack for the benchmark for what's
going on with the interest rate. It isn't the real
interest rate. It's a benchmark, right, I really want to
go into.

Speaker 3 (49:46):
Can I actually on the CPI report, Yeah that was
true February.

Speaker 7 (49:50):
Yeah it was February.

Speaker 3 (49:51):
We might not have seen like tariffs.

Speaker 6 (49:53):
I don't know what's actually active right now versus what
was you know, supposed to go in and then it
was delayed. Yeah, you might not have seen like the
roof one is a good example.

Speaker 3 (50:06):
So not the.

Speaker 6 (50:09):
Imports from Canada have not like in February. Maybe I
don't even know.

Speaker 7 (50:15):
Probably the process is starting. You know, some of them
are already kicked in on both sides, TIFFs against US,
terraffs against other countries. There are some of it's already
in effect right now. Of the stuff that just was
talking about, some of it's been effect for a long time,
like the China terraffs from Trump original administration. Biden kept
it right, So those terrifts are still there. They've been

(50:36):
there since he put them on six years ago, where.

Speaker 6 (50:38):
They just like the Canada, Canada Mexico stuff would have
the biggest impact, they think on our everyday products.

Speaker 3 (50:45):
Yeah, and so I'm thinking that many of those have
kicked in.

Speaker 7 (50:48):
I'm thinking May is when we're going to see the
results of that. Yeah. I think that we're going to
see the By May, we'll kind of have a clearer
idea of how much it's affecting. I might be wrong,
but I just think it takes a little time to
rip full in and see what really is going to happen.
I think I wouldn't think so.

Speaker 3 (51:03):
I would think much of kids the media, like.

Speaker 4 (51:05):
The overnight Yeah, like the Shingle composite quote, if you
got to do it by this day or it goes
to this way, he said, think the guy right, my
wrong gym.

Speaker 6 (51:13):
The roofer said seven percent next week, but then the
next month is twenty five percent Increageah.

Speaker 4 (51:18):
He did say he knows there's like levels of the
missing not eating this.

Speaker 3 (51:23):
There's not getting well.

Speaker 7 (51:25):
What this guy did, and he he was so cool
about it. What he said is, look, I've been doing
this for thirty years. The roofer I'm talking about. He goes,
I've been doing this thirty years. So he's seeing all
the ups and downs and everything. He's so used to it.
So what he said is, I'm not passing on the
seven percent for across the board. I'm just doing seven
percent for the materials. My labor is the same, you know,

(51:47):
all that's the same.

Speaker 3 (51:48):
You're just going to pay the difference.

Speaker 7 (51:49):
So you're just paying the difference. So that's like a
real life example of how it really does get passed
on to the consumer because think about it, the owner
isn't going to want to eat that, and a lot
of times the companies don't have enough margin to eat it.
Right if they eat it, they're not making any money.

Speaker 4 (52:06):
Or specifically, like everybody has their margins, but restaurants run
on them margins they have any of their I think
it just changes things so dramatically, like overnight.

Speaker 7 (52:19):
So I hope, you know, we'll see But all being said,
that all sounds pretty scary and doom and gloomy, and
it all could happen, but right now the reports are
not there yet. We're not seeing it reflecting the reports.
So let's talk about that. So two point eight percent
inflation is what they're saying we have, and they're saying

(52:39):
that that rose zero point two percent compared to the
month before and right now, a year ago this month,
we're at three point one percent inflation. So we're down
a little bit from a year ago February because we're
at two point eight. So it isn't doom and gloom yet. Okay,
if it's going to be doom and gloom, we don't
know yet, but we're not there yet.

Speaker 3 (53:00):
I think I got away for the doom to get gloomy.

Speaker 7 (53:02):
Yeah, exactly right.

Speaker 3 (53:04):
Is crazy.

Speaker 7 (53:05):
So the monthly changes in February as far as as
far as inflation or disinflation or whatever you call the
opposite inflation, is it disinflation?

Speaker 3 (53:16):
Deflation?

Speaker 7 (53:17):
Deflation? Thank you? I don't know how it came about.
I know there is a disinflation, but I don't know
what I learned that in economics. I think, Okay, what
do you think? Uh, this is a service. This is
about services and products. Okay, you're never going to gas
this I guess is. I'm going to tell you the most.
The thing that increased the most for inflationary purposes was

(53:39):
piped utility gas service. That increased by two and a
half percent in February. Right, that's the biggest inflationary increase.
The lowest deflation was in the airlines. Four percent deflation.
So airlines are going down. Oh okay, let me see.

(54:02):
Fuel oil is up point eight fuel oil now that
and gasoline is down a whole percent.

Speaker 3 (54:10):
There we go.

Speaker 7 (54:11):
I think fuel oil, though, would be more jet fuel,
fuel oil, house he stuff. Yeah, okay, I think yeah.

Speaker 6 (54:18):
I don't know if they have like jet fuel different,
but I would say if gas prices are down, then
airlines potentially could have some savings.

Speaker 3 (54:26):
The airlines are four percent, yeah, I mean they got seats.

Speaker 7 (54:29):
I'm thinking that the airlines are down four percent because
less people are traveling. Could be because I think I
think that there's people most a lot. I get the
feeling that a lot of people really starting to put
their nuts away for winter, like the squirrels, right, hide
your nuts away for winter, and they're stashing away a
little bit. I don't know. I knew I was gonna

(54:50):
say that everyone's yeah I should what's comeing down my mouth.
It's like I should have said.

Speaker 6 (54:56):
That, yeah, that fruits pretty loud, but get as many
nuts as you can between now.

Speaker 7 (55:03):
And I was wondering if there's less traveling going on,
I might be wrong. I'm just wondering because I really
think that people are going to start slowing down on
their spending for a while, because I see a lot
of nervousness when I'm out there talking to people.

Speaker 4 (55:16):
Right now, Yeah, I think I think it may. I
think it just might be like in the thought to start.
I don't think it's really started yet. I feel like
everywhere I'm like, man, look at all these people spending
all this money.

Speaker 3 (55:29):
It is wild. It's crazy, literally everywhere I go.

Speaker 4 (55:32):
Now, I'm not spending money while I'm doing it, so
I'm not you know, I'm not like standing there figure.

Speaker 7 (55:37):
Yeah you're not. You're not judging, But I'm not in
that mode.

Speaker 3 (55:40):
I'm like, all right, we're just going to live our life.

Speaker 6 (55:42):
I meant, I mean the airlines no, like because they're
they they're booking, you know, months in advance, right like,
so they probably see trends of wait, wait a second,
like we got vacation season coming up and our bookings
are down. Let's make it more attract it up a
little bit, right, Why I'm not start borrowing nice? I
mean airlines are notoriously bad business, right, Like, they go

(56:06):
out of business a lot. They have to file bankruptcy
a lot, so their margins have to be like.

Speaker 7 (56:11):
Yeah, they're pretty thin.

Speaker 2 (56:12):
If they save a penny on like a pack of peanuts,
that's like, you know, a billion dollars for them.

Speaker 3 (56:19):
I know, right, we have built them out a few times.

Speaker 7 (56:22):
Let's let's go ahead and take a break on the
flip side. We're going to go more into these products
a little bit, and then we're gonna slide into well,
then we're going to talk about car insurance a little
bit if you don't mind ross is that okay? Sure,
Just to understand PIP and stuff like that, and then
we're gonna go back into the economy and the trends
with with the interest rates.

Speaker 4 (56:41):
Perfect, Okay, a lot to get into you still another
hour remaining for you on a Saturday.

Speaker 3 (56:45):
Great to have you with us every Saturday.

Speaker 4 (56:47):
Thank you very much for making Florida Talk real Estate
a part of your weekend. Always remember if you like
to catch up on the show, you can't do that.
You got resources where you can catch up on the show.
Check things out Florida Talk real Estate on YouTube. That's
a wonderful resource. You have a Facebook page as well,
but remember the dot com Florida Talkreestate dot Com, your
ONCETP real estate shop. That's access to the entire team

(57:09):
pros pros experts in their field that work cohesively together
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by you don't use it, love it, share. You can
change lives, including your very own, with the people at
Florida Talkrealestate dot Com. We're back in four minutes. Thanks
for being with us every Saturday, Florida Talk real Estate.
Right here, it's all radio.

Speaker 1 (57:41):
This is Florida Talk real Estate with Jim Depola and
Johnny c. Got a question for the show, Call us
live at one eight seven seven nine two seven sixty
nine sixty nine.

Speaker 3 (57:51):
What's it? Eight seven seven nine two seven six nine
six nine.

Speaker 4 (57:55):
Got a ninety five minutes, ninety five japers fifty five minutes.

Speaker 3 (57:58):
Well, I'm lying to you. Get fifty three minutes to
make a quick phone call.

Speaker 2 (58:03):
You got thirteen minutes, see you guys next week.

Speaker 6 (58:10):
Thirteen minutes it inside deep cut. I don't know he's
just giving you a real definite.

Speaker 3 (58:16):
But the way you laughed, I'm like, Oh said something.
That's another one. You know. Make it happen on a Saturday,
A little laughter goes a long way. Sometimes it's contagious.
You don't know what you're laughing about.

Speaker 6 (58:25):
This might be the only time you laugh all week.
Ross was telling us he had a tough week. You
probably didn't laugh once this week, right, Ross?

Speaker 3 (58:32):
Probably?

Speaker 2 (58:33):
You know I cackled in frustration. Does that count?

Speaker 3 (58:39):
I don't know.

Speaker 6 (58:39):
Probably, I guess the only coping mechanism you have at
the time to laugh.

Speaker 3 (58:44):
Yeah, just let it out.

Speaker 2 (58:49):
You run into that roadblock again. You just it's hilarious.

Speaker 3 (58:51):
It's just all hilarious. Here we are, snip on my cubes.

Speaker 4 (58:57):
Laugh perfect eight seven seven nineteen seven six.

Speaker 3 (59:02):
That's six. Jimithyillign you up if you do just that.
One's up, my dude. Hello, Hello, and good morning, Happy Saturday.

Speaker 4 (59:07):
Good morning, my friend Johnny C. That's me Mike Row.
He's the mortgage guy from the mortgage firm.

Speaker 3 (59:11):
He's right here in.

Speaker 2 (59:12):
Present he is.

Speaker 3 (59:13):
Yes, that's my voice.

Speaker 2 (59:14):
Hello.

Speaker 4 (59:15):
The cackling went over. Here is Ross Comers with bright
wingsures Juno Beach.

Speaker 2 (59:19):
Do you know that's right?

Speaker 3 (59:20):
You know it?

Speaker 4 (59:21):
And of course Jimmy D's with us. Jim Jim laughs
it off. He'll laugh it right in the face. He
has to you right, yes, right, a top producing Keller
Williams team, got to Home Pros Team, Keller Williams Innovation.

Speaker 3 (59:32):
There's Jim Depolma.

Speaker 7 (59:33):
Hey, I just wanted to say shout out Sereotio on
Facebook and YouTube right now. We have a lot of
activity going on there. I'm not ignoring you, it's just
we're trying to continue with the show. Jackie, she was
asking a lot of questions about the impact of the
hurricane and condo stuff happening with people that own those
units and what they're gonna do. We're gonna talk about

(59:54):
that in a little bit, so keep keep tuned, Jackie
and Chrissy, Mike, what was Christy saying.

Speaker 6 (01:00:01):
I'm sorry, I think it was when you were talking
about your call service and like you know, call service.

Speaker 3 (01:00:07):
Yeah, general comment on customer service lines.

Speaker 7 (01:00:11):
Eat outsourced by everybody. Yeah, that's the thing I always
got really really worried about, uh, you know, when I
was doing those services. But I felt like I had
a good one, so we'll see, you know, Uh, Okay,
getting back to the core inflation stuff that was going on,
we mentioned that the most inflation everything that happened last

(01:00:31):
month was gas utility services and went up two point
five percent. Number two and this affects everybody is meat, poultry, fish,
and eggs one point six percent. Thanks eggs. Yep, thanks eggs.

Speaker 2 (01:00:45):
That's a funny thing that said man twenty five. Where
you can buy weed at the store, but you got
to meet some dude on Craigslist to get to eggs.

Speaker 3 (01:00:57):
So true.

Speaker 7 (01:00:57):
So electricity increased by one percent inflation this month. Used
cars and trucks point nine, fuel oil, housing oil I
guess zero point eight closed point six, tobacco and smoking
products point six, alcoholic beverages point five, cereal and bakery

(01:01:19):
goods point four up food away from home so eating
out is point four. Doctor services point four, rent or
primary residence point three. So that's actually a good thing.
I mean comparatively, that isn't going up very much compared
to the way it was.

Speaker 3 (01:01:35):
Why did doctor services go up?

Speaker 2 (01:01:38):
I have no idea band aids.

Speaker 3 (01:01:41):
Their cost of electricity and eggs is like lips leading
into everything. Yep. And do anything go down?

Speaker 7 (01:01:47):
Yeah, we're gonna get to the site, but not much.
Motorveile co insurance went up point three not too bad. Okay,
So what went down was fruits and vegetables was down
a half a percent, non alcoholic beverages down a half
a percent, dairy products down a half a percent, are

(01:02:09):
one percent, gasoline went down one percent of all types
of gasoline, and airlines down four percent. So that's where
So there was only one, two, three, four or five
things that went down, and like like twelve things that
went up on this on this start.

Speaker 4 (01:02:29):
So only what I feel is eggs. That's everything else
kind of just feels like it's been not the same.

Speaker 7 (01:02:34):
Oh, could you guys talk for a second. I forgot
to plug in my computer.

Speaker 6 (01:02:37):
I'm gonna so how many eggs does your household go
through in a week?

Speaker 3 (01:02:42):
None? Right now? Oh? None? You went from some to none?

Speaker 4 (01:02:44):
Yo, we breakfast for dinner? Is amazing, Yes, they must have.

Speaker 6 (01:02:50):
It's kind of like when there's nothing else, you can
always rely on the good old egg and you can
do so much with it.

Speaker 3 (01:02:55):
It used to be like the cheap food, like it
was expensive.

Speaker 4 (01:03:00):
You can feed a family pretty inexpensively with some eggs.
And I guess, I guess if I frame it in
my head, right, seven bucks.

Speaker 6 (01:03:08):
For a dozen, it's still cheaper than it's still cheaper, right,
but it's not what it should be. Yeah, and I
think that one is more of an outlier just because
there was a you know, there was the inflationary thing.

Speaker 3 (01:03:22):
Yeah, but they killed a bunch of birds.

Speaker 4 (01:03:23):
Yeah, yeah, that's all the bird influenza.

Speaker 6 (01:03:26):
And I'm pretty sure you need fluentation, you need chicken influation.

Speaker 3 (01:03:32):
Perfect, it was the inflation. You need chickens to have
to produce eggs. Thinking about ras where.

Speaker 2 (01:03:39):
They come from here, mm hmm, you're eating chicken eggs,
I mean lizard eggs over here.

Speaker 6 (01:03:43):
I haven't to I haven't resorted to calling my neighbors,
although I haven't asked, right, I mean all that's not
all my neighbors, but my two like neighbors that are.
I'm on a corner. Some of my two neighbors behind
and to the side both have chickens get hit up
and they got lots of roosters, so I know there's
got to be a bunch of eggs.

Speaker 2 (01:04:04):
I used to buy eggs from one of my clients. Yeah,
I used to, like if I'd go down a point
beach and he was selling them and pick them up,
nothing really good, nothing fresh off. And then apparently he
got a neighbor.

Speaker 7 (01:04:19):
I covered you still do that.

Speaker 2 (01:04:21):
No, he doesn't do it anymore because he got a
new neighbor who his kid had a lemonade stand and
she like called the police for like permit, So he
didn't want to deal with the chickens anymore.

Speaker 7 (01:04:32):
Yeah, it was like right, can you imagine?

Speaker 2 (01:04:36):
So he did away with the chickens because she was
complaining about this.

Speaker 3 (01:04:39):
I heard.

Speaker 5 (01:04:40):
I heard Port Saint Lucy's trying to pass a law
or you know, changes so that you can have a
certain amount of small farm animal kind of.

Speaker 7 (01:04:47):
Like chicken, kind of like key West. Key West says
that that's why you see all the chickens run around
all over the place, because they made them legal, right,
and you can't really screw around with the chickens down there.

Speaker 2 (01:04:58):
Unincorporated Lucy, you can have it, right, Okay, I think
if it's unincorporated out there, you can. But if it's
in like city, I think then I.

Speaker 4 (01:05:08):
Was there was sections of four piers. I'd get chased
by chickens.

Speaker 5 (01:05:13):
Yeah, yeah, But I mean I don't say anything that.

Speaker 7 (01:05:20):
A lot of people don't know that the County Health
Department unless they shut down the program they used to
have a chicken sentinel situation, right, so I covered it.
So they had people like on Lake Eyter Road and
Lake out Of Road in Congress, basically in Delray, which
is pretty city over there, right, it's not country at all.

(01:05:42):
A family was paid by the health department to raise
chickens in their property. And they had these people paid
all over dotted all around the county. And what they
were doing is is the they would be paid to
raise these chickens and take care of the chickens and stuff,
and then the county health department come over and check

(01:06:02):
the chicken blood to see if if they had the
Avian flu or any other kind of diseases that are
important to know about. So they were like the canary
and the coal mine people, right, they had the chickens
out there just you know, to be the front line
of seeing what's going on and make sure a disease
doesn't spread. Isn't that wild? Gat That's kind of yeah,
And like nobody knows about that, right, I mean, who

(01:06:22):
would have thought that the counties, you know, placing chickens
in the in different areas of the county to make
sure that you.

Speaker 2 (01:06:29):
Don't they say they're doing.

Speaker 7 (01:06:31):
Yeah, anyway, and I covered this in the nineties. This
is like nineteen nineties stuff. This isn't like all new
because the Avian flu. This is like programs they've had
out there for that to make sure. I don't think
I was saying, who knows, maybe they cut it out
because they think it's waye jackets. You don't know what
they're doing. But that's the reason why I was bringing up.

(01:06:51):
They were eating the eggs all the time. That's why
I was bringing that out, not just not just to
say they had sentinels, but they were eating the eggs
all the time. How many people here if I'm actually
collected their eggs that they would eat in the morning
from the chicken coops directly? Have you ever done that before?

Speaker 3 (01:07:05):
That sounds awesome.

Speaker 7 (01:07:06):
I used to do. I did it for a couple
of years.

Speaker 6 (01:07:09):
Up on a farm they had chickens, and then I've
got I have gotten chickens or eggs from the from
the neighbor.

Speaker 7 (01:07:15):
Yeah. Did you did you ever get double or triple yolks?

Speaker 3 (01:07:19):
No? No, enough, Yeah, I've never seen a triple yolks.

Speaker 7 (01:07:22):
I've seen triple Yeah. When you get good at it,
when you do it long enough, you can actually look
at the eggs and know if they're double yolkers or not.
You could just look at them and yeah, it's pretty well.

Speaker 2 (01:07:37):
Are you got is that you at publics going through
each individual.

Speaker 3 (01:07:44):
Pulling, pulling them out of this cart and put.

Speaker 2 (01:07:46):
He's got a cart and full of doubles. Yeah, there
you go. That's how you do it.

Speaker 7 (01:07:50):
Did.

Speaker 3 (01:07:50):
Yeah, that's how you get around this.

Speaker 7 (01:07:55):
That's funny. That's pretty funny. So, uh, the inflation report.
So you could be stemagluees you want, or you could
be super positive as you want. But either way, we're
kind of flat right now. We haven't really changed much
compared to December and February. There isn't really much change
going on right now. Whether we'll we'll keep an eye

(01:08:17):
on it and see if there changes come or not come.
But right now we're exactly where we were a couple
of months ago.

Speaker 6 (01:08:23):
But we definitely had the real world example of you know,
price increases based specifically on those Yeah, so not a
political statement, but just a real world this is what
we're seeing on the ground.

Speaker 3 (01:08:39):
That's what's happening.

Speaker 2 (01:08:40):
I'm gonna start making composite shingles right here in the Usa.

Speaker 3 (01:08:43):
You could do that and if you press them. I
guess that's the whole point. Yeah, it is the point, right, Yeah,
we'll see if it works.

Speaker 2 (01:08:51):
Yeah, I'm in. Yeah, you might be.

Speaker 3 (01:09:03):
He's because he knows what the shingles are supposed to be.

Speaker 6 (01:09:05):
Yeah, you'll know exactly the best insurance rates, so you
can put whatever you wanted there to make them, you know,
hurricane resistant.

Speaker 2 (01:09:12):
That's right, that's what we're doing. Johnny. You're hired, excellent,
get to work.

Speaker 3 (01:09:16):
Let's go.

Speaker 2 (01:09:16):
You start Monday, seven am.

Speaker 3 (01:09:21):
Sir, let's take a phone call. What do you say? Yes,
sir eight six nine six? Who dialed in? We got
Kelly on the line. Hey, Kelly, welcome to Florida talk
real estate.

Speaker 9 (01:09:32):
Oh my god, the best of the best, all in
one space. I've known you guys forever. So, I mean,
it sounds like a funny question, but it's kind of legit.
Remember when they got the goats, the government paid for
the goats to clear out laws.

Speaker 7 (01:09:47):
Yep.

Speaker 9 (01:09:50):
And the whole chicken thing. So do you need special
permits if you want to have one or two fields?
I like fancy chickens, and there's nothing like a fresh
egg from a fans like, so, do you need special permits?
Do we have to put that in when we're buying
the house. Does that something we need to think about
before we buy the house?

Speaker 7 (01:10:07):
Oh yeah, before you buy the If you thinking about
putting chickens on in the property before you buy the house,
you should definitely double check that with whatever government agency
you're at. Whether it's incorporated, then you go to the city.
If it's unincorporated, you go to the county right or
Indian River Trail district. But out there, if you're out there,

(01:10:29):
it's pretty much yes.

Speaker 6 (01:10:31):
I feel like it must be. But maybe there's some
you know, you can have X amount of chickens.

Speaker 7 (01:10:35):
But I don't know if you have to have a
special permit or not. I just don't know. Yeah, I
just don't remember that I wrote that article like thirty
five years ago. Yeah it's a while.

Speaker 9 (01:10:46):
How you're not even thirty five years old?

Speaker 7 (01:10:48):
How did you write that?

Speaker 3 (01:10:51):
Yeah?

Speaker 7 (01:10:53):
Yeah, there you go.

Speaker 6 (01:10:54):
Lattery gets you everywhere, the old chizsel out, chisel and hammer.

Speaker 7 (01:10:58):
Yeah. Ye, well I know.

Speaker 9 (01:11:02):
Where I am right now, literally, like there are chickens
and roosters, like just walking across the street.

Speaker 2 (01:11:08):
Grab one, Grab one now, you don't even have to
go buy one, get.

Speaker 3 (01:11:11):
One of each.

Speaker 6 (01:11:12):
I have chickens, chickens in my yard every single morning,
and they're out there, you know, eating bugs. So I'm like, yeah,
come on over, buffet also.

Speaker 9 (01:11:22):
Good Pesta turrent. I mean, it's the whole thing. I'm
just curious, you know, is that something that you should
think about before you buy the house? Absolutely?

Speaker 3 (01:11:32):
Right?

Speaker 9 (01:11:32):
Like these are things like you buy a house, it's great,
everybody is amazing, and then I have two chickens and
they're like.

Speaker 6 (01:11:38):
No, I think, Jim, if you don't have it already,
Like when you're doing your borrower interview and you're talking
about chickens.

Speaker 2 (01:11:49):
How many chickens, how many chickens are you going to
have that whole fourteen chicken?

Speaker 3 (01:11:55):
Yeah, I probably going to be.

Speaker 9 (01:11:58):
Like three chickens and a goat.

Speaker 3 (01:12:01):
Yeah. I think that.

Speaker 6 (01:12:03):
If you buy in the right area around here, definitely
that is possible. Oh yeah, it's out pigs like you know, donkeys,
all of that.

Speaker 7 (01:12:11):
John, go to your neighborhood, Mike, I know you have
go Yeah.

Speaker 9 (01:12:15):
Like lots of hatchie in that whole horse country out there.

Speaker 3 (01:12:19):
Yep.

Speaker 7 (01:12:19):
The acreage, Jupiter Farms, locks of hatchie, lots of cha groves,
all of that. Yep, yep. All those areas you can
because the land is larger now. Whether or not you
can do it on a quarter acre a lot in
Pointan Beach or Delray or Boca, I don't know that's
where you'd want to check.

Speaker 6 (01:12:39):
I feel like in part maybe it's unincorporated. But there's
like Lantana Lake Worth areas where I'm sure that there's
you know, chickens.

Speaker 7 (01:12:47):
I know I see chickens around there, so but I
just don't know if they're legal or not. Right, whether
they're legal or not, I don't think that. Well. I
guess Animal Control would come over and try to collect
them if they were illegal.

Speaker 9 (01:12:58):
Yeah, now we need an ice division for illegal.

Speaker 7 (01:13:02):
Yeah, ice chickens. That's funny.

Speaker 3 (01:13:06):
That's funny.

Speaker 5 (01:13:08):
You already have it ice illegal chicken and force chicken
and force and I love that.

Speaker 7 (01:13:14):
That's funny.

Speaker 9 (01:13:15):
I was legit, just calling in to ask a legit question.
And I miss you guys and love you guys. And
they need a collar and yeah no, but that's the thing,
Like I might need a fancy chicken and a go
and those little baby cows are super cute.

Speaker 2 (01:13:30):
They're just growing to be big cow.

Speaker 9 (01:13:32):
Yeah, I like, I like, but they're so cute when
they're little.

Speaker 6 (01:13:38):
I take a baby goat as like, as far as
cute factor is up there, I like the baby goat
is like super.

Speaker 3 (01:13:48):
Baby hippo. You ever see a baby hippo there?

Speaker 7 (01:13:52):
Oh yeah, they're they're not that adorable when they get older.

Speaker 6 (01:13:55):
We were looking, we got Tiffany got infatuated with a
cooney cooney pig. And if you see those, like if
you look up a I don't know how to expel it,
but a cooney cooney pig, like when they're a baby,
the cutest little thing. You want like ten of them,
and then you see as they mature, like what they
turn into and it's just the cuteness fact. I'm sure
you can get attached to it, like it could be

(01:14:16):
a best pet. But you don't want to start with
an adult cooney cooney pick, that's for sure.

Speaker 3 (01:14:21):
Oh wow, so you see when their.

Speaker 9 (01:14:24):
First marriage a waste of time.

Speaker 7 (01:14:29):
That's funny.

Speaker 3 (01:14:30):
Well, thank you very much for tuning in. Always nice
to hear your voice.

Speaker 9 (01:14:33):
I miss you, guys. That's a legit question because I
think I want to like go get some chickens in
a highland cow and fresh eggs are the best. I
just paid thirty seven dollars for a flat of eggs,
which is only thirty seven eggs.

Speaker 3 (01:14:48):
A dollar dollar eggs, dollar eggs. That I was.

Speaker 4 (01:14:54):
I hit it all these the other day and I
saw five ninety seven for a dozen, said max two
per customer, And isn't it sad that I was like, ooh,
that's a great price on eggs. That's disgusting.

Speaker 2 (01:15:07):
Yeah, it's pretty great actually paying attention to the part
like you've never.

Speaker 3 (01:15:13):
Bro I would have there for something totally different. And
I was like, how much are their eggs?

Speaker 4 (01:15:17):
I was like, that's great actually, And then I was like,
that's disgusting that I feel great about six bucks for
a dozen.

Speaker 3 (01:15:22):
Eggs shownnye C.

Speaker 9 (01:15:24):
You might remember this. Remember the lady that used to
come down on the forty fifth Street studio parking lot
with the fresh eggs and sell the fresh eggs And
they were all the colors.

Speaker 3 (01:15:33):
No, but yeah they blue, the browns and everything.

Speaker 9 (01:15:35):
No.

Speaker 3 (01:15:35):
I would have totally bought those. I don't remember. I
used to get eggs from from Franny's moment.

Speaker 9 (01:15:39):
Yeah, they're Greek Greek would buy them. I think Lacust
was still there. She was like cover and eggs out
of the parking lot of the They were the best
eggs ever.

Speaker 4 (01:15:51):
I wish I would have taken advantage. No, I did
not take it. I was not involved, but I wish
I was.

Speaker 9 (01:15:58):
Well, you know we need that lady. Now you guys
have a beautiful day as well. That's the best real
here on real talk radio. Whatever you need, you got
it going on here. And uh well please remember silence
is golden, but Doug Tapos silver.

Speaker 4 (01:16:13):
Truth boom, thank you enjoying the eggs, Thank you very much.
Six six nine, Yeah, you should write that down.

Speaker 7 (01:16:21):
Hey, party, we're gonna talk a little bit about car
insurance because there's something going on. I thought Ross maybe
can give us some perspective on this. Apparently the state
legislator is trying to end no fault insurance in Florida,
to turn it into at fault insurance, and Governor DeSantis

(01:16:42):
has had this thrown at him a couple of times
and he's vetoed it each time it's come up.

Speaker 3 (01:16:46):
It's not gonna happen. Unders Yeah, So.

Speaker 7 (01:16:50):
Ross, what is what is no no fault insurance? And
why is it different than at fault insurance.

Speaker 2 (01:16:58):
So we're in no fault state, meaning that you on
your policy, in order to register your vehicle and drive
it around, you have to have personal injury protection coverage
on your policy. That and ten thousand dollars of property
damage is all you need to put your property damage

(01:17:20):
liability is all you need to drive your car on
the road, meaning that if you crash into somebody else's car,
your policy will pay up to ten thousand dollars to
fix their car. And then the personal or injury protection
part of that is you and I are driving down
the road, no matter who's at fault, but if we

(01:17:41):
smash into each other, no matter who's at fault, if
you crash into me, whatever, and I'm injured, my policy,
my auto policy, will pay the first eighty percent of
my medical expenses up to ten thousand dollars, and then

(01:18:02):
anything after that would come from your whoever you know,
uh whatever, the person yeah, that you were in the
crash with. So that's the way it works right now.
I think, you know, I don't know which way works
out to end up being better, but I think the

(01:18:24):
argument for the other way is having a minimum amount
of bodily injury liability and property damage liability when you're
driving your car, meaning that every time you get behind
your car, you're driving a weapon around that could injure somebody.
So your auto insurance. If you injure somebody, your auto
insurance will pay their injuries. That's what the auto insurance

(01:18:46):
is for. That makes sense, Okay, so right now you
don't have to if you're driving your car, you don't
have to carry any any protection for the other people
as you're driving your weapon around. You only have to
pay for damage that you caused to somebody else's property,

(01:19:08):
not them personally. Right So, if you're crash into somebody's house,
their fence, their car, the a light pole, you've got
ten thousand dollars of property damage right now. The other
side is, hey, you got to carry twenty five thousand
of bodily injury liability per person and fifty thousand dollars
of bodily injury liability per accident, meaning that if Johnny

(01:19:31):
and Jimmy are driving in the car and I smash
into them, each of them are going to get up
to twenty five thousand per person if they're injured, and
the whole accident total will get fifty thousand, and so
that would come from the liable party, not your your policy.
Does that make sense?

Speaker 6 (01:19:52):
That's the at fault, that's the at fault. Yeah, so
most the new fault is your insurance covers you. The
at fault is your insurance. The other party's insurance covers you.

Speaker 2 (01:20:06):
Correct, So you isn't whose fault it was, right, So
right now, just to get on the just to register
your car, you need to just get personal injury protection
and property damnit.

Speaker 3 (01:20:15):
And that covers you nothing to do with the other party.

Speaker 2 (01:20:18):
Covers the other party's property, your car, Johnny's fence, a
light pole, something that you know, property. But there's no
coverage or you don't have to have coverage. Like if
I run into a school bus, of coverage in all
the kids are injured, I don't have to have any
coverage for that. Right now?

Speaker 3 (01:20:39):
Does insurance?

Speaker 6 (01:20:40):
Is insurance cheaper when it's at fault, meaning like if
you're the safer driver, you can have lower coverages.

Speaker 2 (01:20:48):
That's the argument, that's the idea. That's the argument. But
also you know, if you look at who's pushing this stuff,
it's like the trial lower trial lawyers because right now,
if all you his PIP, they got nothing to go after,
right they they got nothing to sue you for. But
if you have to carry around a minimum of twenty
five thousand every accident, they got twenty five thousand to

(01:21:11):
go after.

Speaker 7 (01:21:11):
Mm hmm.

Speaker 6 (01:21:12):
And if you have no personal injury protection, there's nothing
to go after, right because that's an optional.

Speaker 2 (01:21:18):
Well, there would be no personal injury production anymore. They
would do without that and it would just go to
where you would have to have a minimum bodily injury liability.

Speaker 6 (01:21:27):
But right now, in the in the no fault situate situation,
I could have PIP or not. Now you have to
have you have to have PIP now, okay, all right,
all right, and that's all you need.

Speaker 3 (01:21:39):
Oh I'm thinking of the uninsured. Uninsured motorist is different.

Speaker 4 (01:21:43):
Okay, So when everybody's cut back because trying to save money.

Speaker 2 (01:21:46):
But your uninsured motor your uninsured motorists coverage would pay
for the damages that the guy that just has PIP
caused you.

Speaker 6 (01:21:56):
Yeah, and trial or is like that too, because there's
coverage that they can go after and it's your it's
your insurance that they're that's right what they would go for.

Speaker 7 (01:22:04):
Yeah, okay, it seems like to me that this is
very much mirroring what happens with homeowners insurance, meaning that
the attorneys want to have they want to be able
to sue more. They want to have the ability to
sue more, and switching to the at fault gives them
more ability to have lawsuits than where we are now.

(01:22:28):
And they are arguing, but they're not arguing that's why
they want to do it. They're arguing that they'll save
You know that consumers will save money by going to
a fault so I can go up because of what
happened with their homeowners.

Speaker 5 (01:22:42):
Yeah, that's you have to have more coverage basically, so
that would require more.

Speaker 2 (01:22:47):
Well, I mean it might offset because you have to
carry the personal injury protection which has provides a benefit,
and then you would so instead of having a person, yeah,
you'd be swapping that out with something else.

Speaker 3 (01:22:58):
There that would go away.

Speaker 2 (01:22:59):
But I can tell you that, you know we're talking
about lawyers. There were a handful of like auto carriers
that you know, five ten years ago that were we
only want the higher limit policies. Those are our people.
We only want people that have high limits. We don't
want you know, your your you know, PIP and PD,

(01:23:20):
your ten twenties. And then in the last five years
they got the pants sued off of them, where they
just a lot of those people even stopped offering coverage.
The auto carriers they said, hey, we're not even to
offer coverage anymore. We kind of went through the same
thing a little bit with the auto carriers, but it
wasn't as prevalent because he still got progressive out there.
He's still got Geico, he's still got State Farm that

(01:23:42):
is offering a slew of coverages. But there was kind
of your Travelers, your Liberty, Mutual, Safeco where they just
got nationwide where they got because as soon as there's
an accident, the attorney just wants to see the other
person's declarations page, and if you've got two fifty of liability,
that's what the attorney's going for.

Speaker 6 (01:24:01):
And they kind of that's how like even now in
the no fault state, attorneys want to see what kind
of coverage is there, and they kind of use that
to determine whether you have a case they want to
take or not.

Speaker 2 (01:24:14):
Right, is it worth it? Is it worth it for them? Yeah?

Speaker 6 (01:24:17):
So if you open up more legitimate avenues for litigation,
the trial attorneys will fill that in and overflow it
that avenue, right, They'll all pile in there, right like that,
and there will be similar to the housing.

Speaker 1 (01:24:33):
Like.

Speaker 6 (01:24:33):
One of the things they say is the big cost
of Homer insurance was because of excessive fraudulent litigation.

Speaker 2 (01:24:41):
And I mean there's you know, apparently there's a lot
of fraud in the PIP, you know, with chiropractors, and
because that's kind of where the PIP kind of plays
in that area. But I mean, at least it's if
there's fraud in that area, what is it kept a
ten thousand?

Speaker 7 (01:25:00):
Right? You know?

Speaker 2 (01:25:01):
You know, now if you're gonna now you've got twenty
five thousand per person, fifty thousand per accident, you know
that the attorneys are going to go after and then
if they do win that, then on top of the
twenty five thousand, then now you're paying attorney's fees, you know.
So you know, I don't know how it shakes out
in the long run, but that's how it works.

Speaker 7 (01:25:22):
And just to put this in perspective, and I've heard
about this before, I never saw the stats before. Florida
is ranked number three in the country for expensive auto insurance.
So we're number three in the country. It's a little
surprising me. What number one and number two are New
York's up there? What do you think number one and
number two are Florida's number three for most expensive core insurance?

Speaker 3 (01:25:44):
Phoenix? Oh, I mean state.

Speaker 7 (01:25:47):
Let's just state, yeah, state, Arizona. Okay.

Speaker 3 (01:25:51):
I was thinking, like Jersey, what about you, Jimmy, I'll
go to California.

Speaker 7 (01:25:55):
Yeah. I don't know why Michigan and Louisiana. Michigan's number one,
Louisiana is number two. Florida's number three for expensive car insurance.
I wonder why Michigan and Louisiana ice. I'm wondering if
Louisiana is like cars damaged from flooding and hurricanes and
stuff like that, like that kind of damage.

Speaker 3 (01:26:14):
You know, maybe there's more could.

Speaker 4 (01:26:15):
Be theft really, So, like I know, if you have
a certain zip code exactly if I'm wrong, certain zip
codes altered just the zip code alone.

Speaker 2 (01:26:25):
Yeah, So auto insurance is based on zip code. So
you have a zip code in Miami, and you have
a zip code in in Fort Pierce or Vero beach,
same coverages, same person three times is more expensive than now.

Speaker 4 (01:26:39):
That could that could be driving a lot of the
I mean, it might just be a couple of areas.

Speaker 7 (01:26:44):
That just shoot it up.

Speaker 4 (01:26:49):
Right, that might be enough to affect the whole state potentially.
I mean, I don't know. I'm just guessing in cities.

Speaker 7 (01:26:55):
So now I'm going to go to cities now instead
of states. Uh, New Yorklorida has one two out of
the top two. Florida has two cities that are in
the top ten. Number one is Detroit, JO eight plus
plus and by far and by far, I mean the
chart is off the chart.

Speaker 3 (01:27:14):
So it might be Michigan's.

Speaker 7 (01:27:16):
Yeah, the most. The average policy in Detroit is over
six thousand a year. How much six thousand?

Speaker 2 (01:27:24):
I need it?

Speaker 7 (01:27:24):
Like Detroit, yep. New Orleans is like forty five hundred,
Miami is four thousand, Tampa is like thirty eight hundred,
and then after that it's Brooklyn, Atlanta, Philadelphia, Providence, Rhode Island, Providence,
right on Los Angeles and Las Vegas. So we have

(01:27:48):
very high insurance rates. That's why this keeps coming back
again and again. I'm not sure that switching over to the.

Speaker 2 (01:27:55):
Just like home owners. Auto rates are coming down, Yep,
they are coming down.

Speaker 7 (01:28:00):
Yeah, and an insurance are still coming down right ross.

Speaker 2 (01:28:04):
On both sides. Yeah, absolutely, But.

Speaker 5 (01:28:07):
Theft is the driving factor. There are no pun intended,
it seems like as far as the higher rates, yeah,
I mean, you know, but it makes sense.

Speaker 2 (01:28:17):
Miami's heavily populated. You know, people are banging into each other.
And you know Florida is always number one for fraud,
you know.

Speaker 3 (01:28:24):
So I true.

Speaker 4 (01:28:25):
Okay, when I drive down to Miami, I will see
people bumper car into each other on ninety five and
they don't even stop. I know, like they just have
like they have road birds like the side of the cars,
just like you're good, I'm good, Let's keep going. It's like, what,
nobody's gonna stop.

Speaker 3 (01:28:40):
Who's driving to Miami? I hate glades.

Speaker 2 (01:28:46):
This is the only time I go south and north like.

Speaker 7 (01:28:49):
Land Masks to get to the Keys. That's the only
reason why Miami's there land Mask to get to the Keys.

Speaker 3 (01:28:54):
I go. I go more south of that to just
go to the hard rock. Essentially.

Speaker 7 (01:28:59):
Yeah, your intense to go to Miami and then you
get to harm I's like, what the hell, Let's just
go here, I'm forced to go.

Speaker 3 (01:29:05):
To concerts there. Yeah, it was that probably never would
oh yeah, probably never.

Speaker 7 (01:29:08):
Be down there. I wanted to go into a little
bit about what's happening in the market a little bit
and interest rates, because we really haven't talked about interest
rates in a little bit. For six weeks in a row,
we had either flat or dropping interest rates. So our peak,
our latest peak was seven point oh four back in
January sixteenth, and since then, it's been going down for

(01:29:31):
six weeks in a row. And we got all the
way down to six six three last week, and then
this week, Nana, we went up point oh two. So
you just spent seven cents a month more for your
mortgage payment because they went up point oh two. Oh
my god. But no, so we've been point oh two

(01:29:53):
is basically flat. So basically we've been flat for or
going down or flat for seven weeks in a row.
So not too bad. And when you look at the chart,
I started looking at the three year chart for Freddy
Max just to see if I can see andy trending
and that six weeks might be that six or seven
weeks that we had go down, that might be the

(01:30:15):
beginning of us going back up again. Looking at this chart,
I could see it going back up again, or we
can continue on the path that we are. Now, what
do you think of, Mike, Are you thinking that the rates?

Speaker 2 (01:30:29):
Yeah?

Speaker 6 (01:30:29):
I mean I think and we talked about this last week.
Number one, this movement that we're watching week over week
is really only important if you're in the market, right, Yeah,
maybe even thinking about like you're maybe you're even in
contract and you've been floating your rate versus locking in,
or maybe you're in a locked rate from you know,
with the longer close maybe you're looking at a float down, right,

(01:30:50):
like a rate moved down enough, maybe you can you
can adjust your locked in rate, so you know, that's
that's my take on that, Like, unless you're thinking about locked,
this type of movement really isn't that important. If I
were gonna predict what's going on, I would say just
more of the same. I could see, Like the reason
we had a slight bip up this week is because

(01:31:10):
of instability in the stock market. The instability stock market
was because of you know, political events, right essentially, I think.
So I think is that stuff hopefully starts to settle down,
like there's less turmoil, right, into uncertainty angst right about

(01:31:30):
like what the next week holds or the next month.
I say, I think we'll see rates stayed pretty much
where they're at.

Speaker 3 (01:31:37):
Now.

Speaker 6 (01:31:37):
What's interesting, Jim, you said you're looking at the three
year this chart has so we're down point zero two
week over week, we're down year over year, so this
this week last year, it's down point zero nine. So
the fifty two week average so we're at six point

(01:31:58):
sixty five. The two week average over the last year
is six point seventy five. So we've basically been flat
for a year.

Speaker 3 (01:32:08):
Now.

Speaker 6 (01:32:08):
Within that year, there's been there's been a you know,
upwards up above seven yep, up to high sevens right
within the last year, and then down towards maybe the
low sixes. But if you take the entire so we've
relative essentially been flat for a year. Yeah, you might
if you were in the market and you were a buyer,

(01:32:28):
you might have gotten a little bit above it, a
little bit below that average. Anybody who was talking about Jim,
we talked about refinances last week, Like this movement that
we're seeing right now is not the big refinance, you know,
rush the refinance that you might be thinking you're hearing

(01:32:48):
about in the headlines, right Like, we're basically flat over
the last year. So if you've bought a home anytime
in the last year, I would even say in the
last three years, you're not in the refinance window yet
they haven't come down to the point where where you're like, oh,
it really makes sense.

Speaker 7 (01:33:02):
Hereifie, yeah it does, it doesn't make sense right now.
And the other thing is it's very good points. I
was going to bring this up that we're right in
the middle of the fifty two week average right now. Uh,
this is pretty much what people have been getting for
the last year. Is the six point six we did
we are low for the last year was six point
oh eight, and are high was seven to two. That

(01:33:22):
was May twenty twenty four, Okay, but we also hit
a seven point oh four earlier January we went to
seven oh four. So we've been hanging around six and
a half to seven percent for over a year now.
So anybody thinking that these rates are horrible or unsustainable
or anything like that, that's not really true. This is

(01:33:43):
what we've been going you know, these are the interest
rates we've been working with now for uh well into
a year. But really closer to two years, and I
agree with Mike now, November of twenty twenty three was
the big was the big outlier because novel number twenty
twenty three, we got all the way up to seven
seventy nine, and that was pretty shocking. I remember that

(01:34:05):
day when I looked it up, because I didn't know
what it was until I was on the air, and
I was like, oh, I didn't like that number at all.
I was like, we're going to hit eight. I was like,
def con for we're going to hit eight. But really
after that, we've been going on from November twenty twenty three.
We really have been going on a trajectory of downward
interest rates since November twenty twenty three, with a couple

(01:34:29):
of blips up in the middle of it. Yeah, it
wasn't straight.

Speaker 3 (01:34:32):
Down, blip up, blip down.

Speaker 7 (01:34:34):
Yeah, but in a trajectory. It's more on a downward
trajectory right now, but that could bounce up, you know,
next week. I mean this point oh two could be
starting of another increase. So right now, I wouldn't worry
about interest rates as being a factor of like the
people that are really at their upper limits and they're

(01:34:55):
really trying to get a house, but the interest rates
might push them out of the mark. It there's less
likely that that's going to happen right now from the
fluctuation of the market of the interest rates. Yeah, that's
probably not going to push you out of the market right.

Speaker 6 (01:35:10):
Now, right And it also isn't going to like bring
you into the market if you're kind of waiting on
the sideline and you're like, oh, I need rates to
be around this level. Yeah, which again I don't have
a problem with that you know approach, which is, you know,
this neighborhood, this type of home, I need the price

(01:35:33):
to be here, and I need interest rates to be
here in order to have a payment that I maybe
qualify for and or im comfortable to the budget. So
that's fine with me. Like you can say I need
I need rates to be below six percent or I'm
not buying a home in this neighborhood at this price. Okay, perfect,
Now you can like.

Speaker 7 (01:35:49):
Now now we have a foundation to work off of,
not just a whim of this.

Speaker 6 (01:35:55):
If your approach is, oh, I'm not doing anything until
rates are down below six percent, well then it's like okay,
well what do you really are you really a buyer
in that case, will you be ready when they do
go to six? What if they go to six for
two weeks and then then it's back up?

Speaker 3 (01:36:10):
Right?

Speaker 6 (01:36:10):
So it's I just yeah, I can't. I can't advise
people win rates are going to be good enough for
them to do it. I can only say, get yourself
lined up, watch it, and then be prepared to make
the move when when.

Speaker 3 (01:36:25):
The starts aligned. Yeah, yeah, kind of. Johnny's been doing
that for how long now? Oh? It feels like forever? Right,
that's okay.

Speaker 6 (01:36:32):
You like to just keep a pulse on it, right,
you're just checking the pulse, You're keep an eye on it.
So what's wrong with that unless you're getting your heart
broken every week?

Speaker 3 (01:36:41):
Yeah?

Speaker 7 (01:36:41):
Exactly right.

Speaker 2 (01:36:42):
It we.

Speaker 7 (01:36:46):
You know, we've been following every once in a while
on the show, like how many properties are for sale
on the mls our local mls every month, And when
we started it, we were in the mid to high
forty thousands, like forty six forty seven thousand, something like that.
When I opened it up today because we haven't done
it in a couple of weeks, I actually went whoa

(01:37:07):
wow with a sixty two thousand, one hundred and eighty.
So when we started, we were in like the forty
five ish, forty six ish.

Speaker 3 (01:37:14):
And that was what about four months of.

Speaker 7 (01:37:16):
Inventory probably, yeah, probably around four months or so, right.

Speaker 3 (01:37:22):
I'm gonna say three to four something.

Speaker 7 (01:37:25):
Yeah, But we started out at forty five and now
we're at sixty two. So just rounded off to fifteen thousand.
Fifteen thousand based on forty five, that's a thirty three
percent increases. We just started messing around doing this on
the show. We've seen the inventory increase by thirty three
percent just from us messing around with this. So the
inventory really really is increasing now another thing.

Speaker 6 (01:37:48):
Because that's going to be the biggest driver of pricing prices,
you know, holding or even coming down a little bit.

Speaker 4 (01:37:54):
Well, and it's and it's the perfect kind of transition
as we're talking about people that are whole leaning and waiting.

Speaker 3 (01:38:01):
Right.

Speaker 4 (01:38:01):
If again, if you have your number, if it's an
interest rate number, inventory is not really going to change
a lot of that probably, But if it's a price,
the price inventory does. We are slipping into that buyer
market where you're hitting.

Speaker 6 (01:38:16):
And it's it's night. It's not priced and it's not rate.
It's both right, because you're really, Like really, when I
say this, when you're qualifying for morge, you qualify for
a payment. When you're considering a budget, you're also thinking
about a monthly payment because that's how you operate your budget, right,
And so it doesn't have to be interest rates coming
down here. It has to be prices coming down, you know,

(01:38:38):
the prices and the interest rate aligning to get you
the payment that you're comfortable with, right, Matt, Like, look
at your the open house that Chris is at this morning, Like,
how many six bedroom, two bathroom with the pool homes
are out there?

Speaker 3 (01:38:53):
He said, huge wools zero?

Speaker 6 (01:38:55):
Right, Like how many six bedrooms? Like you don't hear
off those six bedrooms? So if you have been if
you're a buyer and you're looking like you got a
family that could fill up, you know, maybe it's a
multi generational family, right, maybe you have a parent or
something like that grandparent like that could be the one
that you've been waiting for, right, And it's that price
and it's at these rates and it's, oh my gosh,

(01:39:17):
we've been with and the pool whoa Like that is
the type of thing where if you're a buyer, you
have to be in the know, right, you have to
be getting pinged on this stuff. You have to have
ability to crunch numbers that that's like a really stark
example of something that you may have been waiting for,
just that home to come.

Speaker 7 (01:39:36):
Up, right, and if you're not ready, you're not going
to get it. It's just just a reality. So on
the sixty two thousand homes, there are two hundred and
seventy four for sale that are foreclosures. That's it. Out
of sixty two thousand, sept two hundred and seventy four.

Speaker 3 (01:39:52):
That number has not been climbing as.

Speaker 7 (01:39:54):
Well, but that's just that's just foreclosures. If you add
the short sales there are for short sales, there are sorry,
there are one hundred and fifty eight short sales. So
if you add the two of them together four hundred,
we're at like four hundred and twenty, which is slightly higher,

(01:40:14):
not a lot higher, but slightly higher. Then well, we
were doing the other statistics, so let me just do this.

Speaker 6 (01:40:22):
How much has that increase compared to the inventory increase,
like percentage wise?

Speaker 7 (01:40:26):
Well, that's what I'm doing right now. So live math, yeah,
live math, uh makes for great radio. Live map age math. Yeah,
filter math. So four hundred and twenty.

Speaker 2 (01:40:39):
As going to ask him three percent of any number though, oh.

Speaker 7 (01:40:41):
Yeah, oh wait, I did it wrong. Okay, four hundred
and twenty six two two three yeah, point zero zero
six percent is where we're at right now, point zero
zero six percent. Four hundred on sixty two thousand. Okay,

(01:41:02):
we are at point we are at like point.

Speaker 3 (01:41:05):
So it's point six percent, right.

Speaker 7 (01:41:07):
Yeah, point yeah, less than one percent, but before I
think we're at like point three point four, so we
are almost double where we were, but it's still very,
very low because normal foreclosure rate is one to three percent.
Now here's the other thing I said, short sales coming from, Well,
that's what I wanted to go. So the first thing
I did is I looked up short sales, wondering how

(01:41:28):
to many of these? And this is getting back to
Jackie Levine talking about people getting in trouble with their
houses with condo fees and everything. I was wonder if
it's a condo problem. So when you look at the
short sales, one hundred and fifty nine, one hundred and
fifty eight short sales of those and this was a

(01:41:49):
little surprising when I did it. Of those only fifty
seven or condos, So only thirty three percent of those
short sales or condos. So I thought it would be
like ninety percent right now with the foreclosures, though, bless
you think with the foreclosures it's sixty percent of the
foreclosures are condos. So if the two hundred and seventy

(01:42:11):
five for sale, sixty percent of those are foreclosures, so
are condos. Foreclosures are condos. So that's what I still
think is going to happen. The bubble that we're going
to have in Florida if we have anything, assuming we
don't have some national catastrophe or interest rates jump up
to eight or nine percent or something, unemployment jumps up

(01:42:33):
to eight or nine percent, unless we have something like
that going on. The only bubble that I see around
here in our area is going to be the condo market,
older condo market, and all the houses on the west
coast of Florida that are in trouble because of all
the storms that they got hit with. Those will be
the two bubbles in the state. The rest of the
state will probably be pretty stable, assuming we don't have

(01:42:56):
anything hit other areas of the state. Right now, everything's
pretty stable.

Speaker 6 (01:43:01):
I'd be curious on those short sales, on any of them,
what the the year of purchase was like, were they
buying it like twenty twenty one, twenty twenty peak? And
now potentially that's why they're upside down, Like I don't
think we've had that kind of depreciation, but maybe on
a house by house basis, it's it could be like
that because you know, short means you you the home's

(01:43:23):
worth less than what you owe on it, right, right
A you're gonna walk away with lesson what you owe.
So the banks willing, Yeah, and they usually would be.
I mean if it's if it's especially if you get
gym and them on it. If but like you know,
the banks have taken large, large haircuts at certain times,
so it's now it's when it's a small haircut.

Speaker 3 (01:43:44):
Probably willing to play ball.

Speaker 7 (01:43:45):
So when I was doing this research last night, you
know what popped up? Remember the Hunters Run community were
house sold last June for a dollar. Remember we talked
about the condo that sold for a dollar.

Speaker 3 (01:43:56):
I remember you bringing that, right, I.

Speaker 7 (01:43:58):
Said, I'm wondering whatever has happened that community? Right? Because
that's the community, The reason why the unit sold for
a dollar. Is because of all the problems with the
condos this kind of community. They had so many fees
to deal with between the reserves that they had to
make up because there's a new state law that you
have to have a certain amount of reserves for all
the associations. They had to make up that money. Then

(01:44:21):
they had to deal with the structural integrity issues that
the state requires the condo buildings to go through, and
then they had to make the repairs for that. So
they had to pay for the reports, and then they
had to pay for the repairs that were in the reports.
And it was so much everybody started fleeing. So now
Hunter's Run is a tale of two communities. Now that

(01:44:41):
I look back on it, it's pretty interesting. So I
went back to closed sales and June was one of
the units sold for a dollar. That's the only one
that sold for a dollar. No other ones sold for
even close to a dollar. No, meaning most of years

(01:45:01):
so much higher. Right, most of them sold much higher
than a dollar. And the single family home market is
still doing very good over there.

Speaker 2 (01:45:10):
So we're seeing appreciation.

Speaker 7 (01:45:12):
Uh yeah, right exactly, But the single family home some
of these houses closed like, here's one that closed in
January of this year one point sixty five million. It
was on the market for one point sixty five It
got full asking price. It was on the market zero days.
This is in Hunter's Run and it got one point

(01:45:34):
sixty five million. So it's interesting to see internet what's
in here. So there have been in Hunter's Run a
lot of ten thousand, five thousand, fifteen thousand sales for
the condos. Okay, these are all like fourteen hundred score
foot condos that are really nice. But between the membership

(01:45:55):
equity and all the fees they got to pay for
all the makeup stuff, people are just saying they're they're
out of here and they're getting out.

Speaker 3 (01:46:03):
Something seems really fishy about that one point five sale,
doesn't it.

Speaker 7 (01:46:07):
Uh No, there were several because it's because Hunter's Run
is are really I mean, they have a lot of
stuff over there. If you like those active communities, they
got stuff going on over there.

Speaker 3 (01:46:17):
So it is a populary to invest.

Speaker 7 (01:46:19):
Then yeah, you gotta have some money in order to
be to be there. And what's happening is the people
on the condos. That's why I'm calling a tail. Two
Cities the people in the single family homes, it looks
like they've been insulated from all these problems, probably because
they have enough funds don't have to worry about it.
But the people in the condos and the town homes,

(01:46:40):
they were it looks like they were on a much
lower budget, and they were in the community because they
wanted all those lifestyles, but they couldn't afford the single
family home. And then now it just got crazy town
on them.

Speaker 3 (01:46:52):
So for some people it's the good times and some
people the bad time.

Speaker 7 (01:46:55):
So it's a tail of two cities over there. And
the lowest sale besides the one dollar, the lowest sale
besides one dollar, there was a ten dollars sale.

Speaker 3 (01:47:05):
Boom.

Speaker 7 (01:47:06):
There was a ten dollars sale in January of this year.
So somebody bought a condo over there for ten dollars.

Speaker 6 (01:47:13):
You uh, you know, when you fill out a warranty
d Jim, you have to put some consideration on there,
and you usually see, oh, ten dollars, ten dollars. Right
on the quick game, you'll see the ten dollars for
ten dollars of consideration.

Speaker 3 (01:47:26):
Here's the I wonder what.

Speaker 7 (01:47:28):
Happens with my tax assessment?

Speaker 2 (01:47:30):
What's the next loan amount you can get on? Ten dollars?

Speaker 3 (01:47:33):
Oh you can't listen, I'll loan you ten dollars.

Speaker 7 (01:47:38):
Can you lend me ten dollars? I want thirty years?

Speaker 3 (01:47:41):
Yeah? What's that?

Speaker 6 (01:47:42):
It's actually a good question, like what's the minimum loan
you could do for a home purchase? And every lender
is kind of kind of different, like there really is
no like Fanny and Freddy don't have a minimum loan amount,
but lenders will have a minimum loan because it costs money.
There's a reason we charge fees, right, because you basically
have overhead and it costs money to do us.

Speaker 3 (01:48:01):
Right.

Speaker 6 (01:48:01):
Yeah, so there's a threshold where the potential profit like
however that's structured in a loan is less than what
it's going to cost you to do it. And so
many lenders would be like minimum one hundred thousand, five thousand.

Speaker 2 (01:48:16):
Well, also, aren't your kind of fees capped as a
percentage or no? If you're like if you're if you're
fixed fees for something or one thousand dollars, yeah, that
is just fixed, right, And then if the loan amount's
too small, those fees are too.

Speaker 6 (01:48:31):
Much, right, you and reduce it exactly. There, you'd get
into a high price work each hpml limits. So yeah,
there are limits there on what you can charge as
as a percentage of the loan amount. You run into
that too.

Speaker 7 (01:48:44):
Yeah, so I thought that was kind of interesting, just
to go back. So there was a ten I forgot
about this. There was a ten dollars sale. That's still
pretty amazing by condo for ten dollars, right, and this
isn't like some fire damage destroy condo. It's in good shape.

Speaker 6 (01:48:57):
What's the equity membership there? And is that a huge one?
Is it fifty thousands?

Speaker 2 (01:49:03):
Oh?

Speaker 7 (01:49:03):
Yeah, yeah, it's in the annual duce. Oh and this
was a foreclosure. Oh, Fanny May. This is the foreclosure
that sold for ten. So Fanny May just said, screw it,
I'm out of here. I'll pay you ten dollars to
take the unit from me. And they probably would do that. Oh,
I would love to do a short sale. I said

(01:49:24):
to the bank, Sure, we'll do the Sure, we'll do
the short sale with you. All you got to do
is give us fifty thousand dollars and we'll let you
have the house. Right, Well, we'll get rid of the
house for you.

Speaker 6 (01:49:33):
That ten dollars one is probably when it went up
to foreclosure auction, somebody bought it and didn't do their
research and didn't realize there's a you know, three hundred
and fifty thousand dollars loan that they're going to have
to deal with on that on that condo.

Speaker 3 (01:49:46):
Unsophisticated investors hope that's not the case. Yeah, we are
just about out of here.

Speaker 4 (01:49:51):
Can you give me details on that open house that
starts here in two minutes?

Speaker 7 (01:49:55):
Absolutely ten, I'm sorry. Two eight six Holly Drive, pomp
Beach Gardens. Chris Peterson's going to be their six bedroom,
two bathpool home, Hobby's gardens, highly rated schools, walking distance.
If you're a family oriented, family oriented looking for a
family oriented house neighborhood, that's it. Chris Peterson'll be there
from eleven to two.

Speaker 3 (01:50:15):
And we get that right across the road from it too.
I was looking up on Google.

Speaker 4 (01:50:19):
Yeah, it's nice, all that information on Florida Talk real
Estate Facebook page. And then he's got another one tomorrow
on a Singer Island condo with a boat slip. Sounds
like this is a wonderful opportunity for someone looking for
that Lifestyle.

Speaker 7 (01:50:32):
Also ten thirty Sugar Sands Boulevard on Singer Island, eleven
to two. Also, just like today, it'll be eleven to
two tomorrow. Meet Chris there. Take a look out. It's
got the boat doc awesome, brand new everything.

Speaker 3 (01:50:45):
Yeah.

Speaker 4 (01:50:45):
And even if you're just like I'm out about let
me go check it out, go buy, meet Chris. But
if it's a property that intrigues you, definitely try to
make it through because it sounds like these are both
going to be very much in demand. All the details
on Florida Talk real Estate It's Facebook page. Always remember
Florida Talk real Estate dot com is your access.

Speaker 3 (01:51:01):
To a team of pros. Pros, y'all.

Speaker 4 (01:51:03):
I'm talking the best of the best, and when they
work so cohesively together. If you've ever had an experience
of buying a home, selling a home, or needing one
of the pros, you know how things work. Like Mike Crown,
the mortgage guy from the mortgage firm, you're phenomenal. I
hope you have a great weekend. Oh thank you you too.
Ross and Marionettes with Brent Wade Insurance Juno Beach also phenomenal,
And I hope you have great weekend as well. Thanks man,

(01:51:25):
you too good to see and Jimmy d jim depol dude,
have a great weekend, my friend. You are amazing and
thank you for all that you do.

Speaker 7 (01:51:32):
Thank you guys. You guys are the ones that are amazing,
and thank you. South Florida. Happy South Florida, everybody.

Speaker 3 (01:51:38):
South Florida.

Speaker 4 (01:51:38):
Dude, I have a great weekend, my brother, Happy Patday,
Happy birthday, my dude.

Speaker 3 (01:51:42):
Thank you very much.

Speaker 5 (01:51:42):
Happy you have a great weekend as well, guys, Locker
Room Live at noon at noon, Yes, eanxcellent.

Speaker 3 (01:51:48):
We got a little Panther Talk coming out. Panthers Insider
Show coming up right after us.

Speaker 4 (01:51:51):
Beautiful thing. Thanks for being with us every Saturday. Remember
Florida talkreal Estate dot com. Know what, use it, love it,
share it. You can change lives, including your very with
the prospros at Floridatalkreestate dot com.

Speaker 3 (01:52:02):
Have a great weekend.