Shout outs. Current listings. Interest rates. Economy. Proposals to reduce property taxes

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.

Speaker 2 (00:21):
And don't know what to do.

Speaker 1 (00:23):
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. Here are your hosts,
Jim Depola and Johnny c Live on Real Radio one
two three.

Speaker 2 (00:40):
One more times. I was chipped.

Speaker 3 (00:42):
I heard we're gonna go one two clap class.

Speaker 4 (00:45):
That's what we're gonna do.

Speaker 2 (00:46):
And then Johnny said one two three, and.

Speaker 5 (00:48):
I was like, oh, what happened?

Speaker 2 (00:50):
Okay, let's gids is that we weren't close? So what
do we doing? One two clap clap?

Speaker 4 (00:57):
Yeah?

Speaker 2 (00:58):
One two is that close? En up? Yeah?

Speaker 4 (01:01):
That was good enough.

Speaker 2 (01:02):
Thanks guys. Hey, if you're wondering if we are live, Yes,
these antics are live on a twenty ninth of November.
I hope you had a nice Thanksgiving. Welcome to another
edition of Florida Talk Real Estate, a radio being done
like only we can do. It's two hours of infotainment.
We're talking real estate. I see you out there in
ninety two one one one seven. What's up. We are

(01:23):
live streaming. That's why we're clapping, y'all, so you can
get a great experience with the live stream. Specifically after
the fact. Find us on Facebook and YouTube. That's Florida
Talk real Estate on Facebook, Florida Talk real Estate LLC
on YouTube, home of a ton of informational chunk videos. Consume, Consume, consume.
Thanks for being out there always, and you're welcome to

(01:43):
be a part of the program. Eight seven seven nine
two seven six nine six nine. Questions, comments, concerns in
the world of real estate. Jimithy, our producer at Short
and Air. He'll line you up, at least I believe
you will. What's talk about it?

Speaker 6 (01:53):
Surewill.

Speaker 7 (01:54):
Good morning, Happy Saturday, gentlemen. Welcome to another edition of
this wonderful show.

Speaker 2 (01:59):
Come on now, you clap.

Speaker 6 (02:01):
I don't have it. Maybe it doesn't work for me.

Speaker 2 (02:05):
I like to think everybody out there listening, and they
were all disappointed in Jim too, Like all of we're like,
come on, Jim, good to see you. Happy, Thanks, good
to see you as well. Let's get to the important people.
Not me. I'm just your old buddy, your old pal
Johnny Sea. But Rosky Marionettes with bright Wing insurance. June

(02:25):
no beach. Pretty damn important to this team. What's up
my friend?

Speaker 5 (02:28):
Not hold lot?

Speaker 2 (02:29):
Happy Thanksgiving? Everyone? Happy Thanksgiving to you.

Speaker 3 (02:31):
Nice to see you, Johnny. But you can't feel like
you're behind a wall.

Speaker 2 (02:34):
Yeah, I know you're there. You know what's easy. It's
cool for me. I can see the back of your
camera and I can see you, but I can't see me. Right.
Good to see you, pun attended to hear you. Pleasures mine.
I hope you had a nice Thanksgiving. Speaking of hoping,
I had a nice Thanksgiving. Our fearless leader thirteen plus

(02:57):
years now, I've told you he runs a top producing
Callowilliams seen. It's the Florida Homebros. Team with Caloornia's innovations.
There's Jimmy d Jim Depola. How you be.

Speaker 4 (03:04):
Hey, I'm doing good. I'm doing good. I'm glad to
be back in Florida. After a nice trip out to Tennessee.
Actually I went out to Townshend, Tennessee, which is near
Pigeon Ford and Gatlinburg. I had never been there before.

Speaker 2 (03:17):
Oh cool, and.

Speaker 4 (03:18):
We've had that's.

Speaker 2 (03:20):
Eastern Tennessee.

Speaker 4 (03:21):
Eastern Yeah, Eastern and we had about three or four
customers over the last two or three years that have
all moved to Pigeon Ford, George or Gatlinburg area. So
it was in Townshend. So it was very interesting to
go out there and see what everybody was so happy
about moving out there. A lot of people moving out

(03:44):
there are the people that moved out there were people
who were looking for a slower lifestyle, more affordability for
housing and just regular costs, and they none of them
really seemed too concerned about trying to get a job
out there. I always wondered, like, what are you going
to do when you go there, right, But everybody seemed
like they are, I'll get a job when I get

(04:05):
up there. And they felt like because the affordability was
so low that they weren't going to have to have
the same income income that they were having down here. However,
when I looked on homes dot Com checking out properties
up there just to see what was going on, two bedroom,
two bath, now they're nice, nice cabins, but there are

(04:26):
thousand square feet or so in deals are like three
sixty five, three eighty five, So you know, that isn't
that much different, Like Port Saint Lucy prices, and frankly,
three bedrooms were really in the sixes.

Speaker 3 (04:41):
Lucy for three eighty six, you can get like a
four bedroom roster.

Speaker 4 (04:45):
So you're so far behind the average what is it now,
four hundred and some o the average home in.

Speaker 2 (04:52):
I got it. I got my drip Classic Drips. I
have my drip from Florida's Corilla's date from from Jim
who set up on my search for my home, my
Port Saint Lucy's. I I'm gonna say probably one in
six properties probably has a three in the first number.
There's a lot of fours there and that's but there

(05:14):
are all going to be three bedrooms.

Speaker 4 (05:16):
Most are going to be three bedrooms yet or larger.

Speaker 2 (05:19):
Yeah, but cool. I mean that's part of my you know,
my inclusion.

Speaker 4 (05:23):
And uh that that area is really being undercut right
now where new construction is just stripping out. The resale
really bad up there. So it's really hurting the resale
sellers right now. If you don't nail the price, you're
going to go through a lot of pain.

Speaker 2 (05:43):
That's not uniquely that area of Tennessee, though, is it.
I Mean that's kind.

Speaker 4 (05:48):
Of Oh no, I'm talking about Port Saint Lucy there, Okay,
I'm sorry, I was back to PSL.

Speaker 2 (05:53):
I'm sorry because I was gonna say we have the
same issue, So I don't know, I evidently Lucy.

Speaker 4 (06:00):
I was a little surprised to see very few Kellor
william signs out there. It was mostly Remax was a
big company out there, and e XP but not so much.
I saw a couple of kW signs, but not that
much out there.

Speaker 2 (06:14):
I'm surprised that you didn't like find the kW centers
out there like pop In.

Speaker 4 (06:19):
Was that was on vacation, dude, I just I know.

Speaker 2 (06:24):
But I was so pushed away from it.

Speaker 4 (06:26):
Oh yeah, I was so. I was so shot. I
needed I just needed a break. Yeah, and it was.
It was really nice. We had a really good time.
I went to Dollywood. I'd never been to Dollywood before.
It was good. It was good. The food was horrible.
But what do you expect. You're in a you know,

(06:47):
you're in a park.

Speaker 2 (06:49):
An amusement type park, right, but it is amusement park.

Speaker 4 (06:51):
No, it's an amusement park, but it isn't on steroids
like disney World. But it's really really nice. And I
got to tell you the customer service out there, like
all the restaurants, the convenience stores, every every place that
you went. Uh, everybody's so laid back compared to down here.
It's really well, you're in the South, yeah, and I
want to go.

Speaker 2 (07:12):
Yeah, gets in South Florida.

Speaker 4 (07:14):
And it was a vacation area, so you know, people
are you know, have that more mentality. But it was
so nice and right when we left in Pigeon Forge,
I pretty sure it wasn't Caliber, But in Pigeon Forge
is this downtown area. It's kind of like walking down
to Fall Street but countrified. Right, Yeah, it's pretty cool.
And the day we were leaving.

Speaker 2 (07:39):
Untry we still got the Butler's chafts.

Speaker 8 (07:49):
But we were nice like about so it was it
was funny.

Speaker 4 (07:58):
So there was was a big gigantic black bear that
was on top of one of the buildings were on
the day before.

Speaker 2 (08:04):
We're still talking about nice are out there, and.

Speaker 4 (08:12):
Yeah, so we got we had a we had a
really good time and I was just checking out. I
wanted to see like what was going on up there.
I thought that was kind of interesting. Now a lot
of reasons that people from Florida are moving to Tennessee
specifically as opposed to Georgia or North Carolina, which are

(08:33):
also big areas for people to consider.

Speaker 2 (08:36):
Yes, yep, you know it got to be incompact.

Speaker 4 (08:38):
Yep, gotta state intact. Yeah, so the state income taxer
is done in state of Tennessee, which is really nice.

Speaker 2 (08:46):
And were enjoyed that as well. Yeah, exactly here in Florida.

Speaker 4 (08:51):
So anyway, we had a really good time up there,
and thank you so much. We had the rerun last
week because of that. I did, but I played.

Speaker 2 (08:59):
For we were alive and this is live, isn't it.

Speaker 4 (09:05):
So we were hardcore because I did the show and
then as soon as you left the show, I went
straight from the show up to Tennessee and drove eight
hundred and fifty miles up there.

Speaker 2 (09:13):
Would you do twelve hours? Fourteen hours?

Speaker 4 (09:14):
It was thirteen and a half hours.

Speaker 2 (09:16):
Yeah, yeah. And Atlanta was the nightmare.

Speaker 4 (09:20):
We got it. It was the worst part, but it
wasn't the worst of Atlanta I've been through. I've been
through way worse of Lanta.

Speaker 2 (09:27):
I've been in Atlanta where you're like, we're never getting
out of here.

Speaker 4 (09:30):
I wouldn't want to live in Atlanta. It's beautiful out there.
People are nice, but I can't take the traffic, same
as Miami. It's like, why do you want to put
yourself or La, why would you want to put yourself
through that?

Speaker 2 (09:43):
It's just not worth it totally.

Speaker 4 (09:44):
I was listening to Bill Barr comedy thing on on
on the radio recently. Bill Burr, did I say, Bar, Yeah,
that's the different guy, that's a different guy Bilburg. Yeah.
So imagine if Bill Barr was a comedian.

Speaker 2 (09:59):
You know what, he might I have the jobs. You
never know.

Speaker 4 (10:02):
So Bill Burr was talking about how he hated moving
to Los Angeles because of the traffic, and he was like,
I can see my house, but he's like hours away.
I can see my house. I could just get out
of my car walk.

Speaker 2 (10:16):
I can't.

Speaker 4 (10:17):
But again, I'm gonna be here for three hours.

Speaker 2 (10:18):
That's funny anyway, that's reality. Though.

Speaker 4 (10:21):
I got a lot to talk about this week, if
you Since we've been offer a little bit, I wanted
to go into a bunch of stuff about what people
think is going to happen in twenty twenty six. To me,
it's very interesting right now. There's a lot of things
in play. There's a lot of figures coming out we
had the CPI Consumer Pricing Dicks come out. We had

(10:43):
a jobs report come out, although I think it was
a little behind the times. I think it was a
September jobs report. People are predicting what the interest rates
are going to be next year, They're predicting how is
the housing market going to be. We have major upturns
in the industry where we lost a tremendous amount of realtors.

(11:07):
At one point, we're over two million realtors in the country.
We're below one point six right now, and I think
we're even below lower than that.

Speaker 2 (11:14):
Were they talking like active or do they just completely
give up the license?

Speaker 4 (11:18):
Well, you know, it's kind of interesting because normally when
they gave out these figures how many realtors there were,
you would just assume that that's how many agents were
kind of running around because almost all agents were relters.
And you don't have to be right if you're a
real estate agent. Before you could not join the MLS,
the multiple listing service, okay, and that's the lifeblood of

(11:39):
any realtors, So almost everybody joined, Like why wouldn't you right?
Some people wouldn't, like maybe investors who wanted to have
a license but didn't want to be a realtor or
something like that. And that's the difference between a realtor
and an agent. At an agent, a realtor is an agent,
but throughout a higher quote standard and putting that in

(11:59):
quote where you have to take an ethics, a swear
sworn ethics, and you could be kicked out of the group.
I caught like a union. It's really a union for
for agents.

Speaker 2 (12:08):
But when you say kicked out of the group, it's
more like a I would consider it more like a disbarring, right.
I mean, it's not like you're, hey, get out of
the group. It's like you lose your license.

Speaker 4 (12:18):
Because you can lose your license or be suspended. You
can have your license like lawyers. You could be on
double wavy probation right.

Speaker 2 (12:25):
Like lawyers standard.

Speaker 4 (12:27):
Yes, and you have a board that you've got to
go before in Orlando. The boards in Orlando, thank god,
I've never been in that. My old partner Rob almost
how to get sucked into that one time.

Speaker 2 (12:38):
He wasn't.

Speaker 4 (12:39):
They were never got that far because the complaint was
kicked out right away. But the differences is now the
reason why I bring it all that up is you
don't have to be a realtor to have access to
the MLS anymore. So what that's saying is is that
they enjoy every thing that the MLS has, but they're

(13:01):
not taking the oath to uphold certain standards that the
Realtors Association would want you to swear to.

Speaker 2 (13:11):
Sure and not. There's not a there's no cost to
being sure. I'm sure there's a fee for your your registration.

Speaker 4 (13:20):
Oh yeah, that's I say. It's like a union, is
like a union.

Speaker 2 (13:23):
So it could be that they're avoiding the ethical aspect,
or it could probably as they're just avoiding the costs.

Speaker 4 (13:29):
A lot of them are just doing it for costs.
Like a lot of them they won't even pay for
the super electronic clock box, which to me is ridiculous
that you won't do that because it's seven ninety nine
a month or something and you have to be a realter.

Speaker 2 (13:40):
You have to be a realter to use.

Speaker 4 (13:41):
It, and that means the only person that get into
the box is a license relter. And it picks up
your the signal. It's an electronic clock box, so it
picks up who you are when you go in and
you go out. So there's a record of what happened
in that showing.

Speaker 2 (13:56):
No, this is totally off base. But just because you
bring these up, have you heard any issues with those
things being hacked? Because I mean, like every keyfob now,
every garage door open, like everything can be super hacked.

Speaker 4 (14:08):
At this point, I have I have not had I
have not ever heard of that being hacked. I'm not
saying it hasn't happened, but I haven't heard it.

Speaker 2 (14:19):
And you got your phone too, Yeah, you use.

Speaker 4 (14:22):
An app in your phone, that's what you have to do.
I guess there's a way where you can set up
a code and you do a code, but I still
think you use your phone. But when you talk into
an agent and they say they don't have Supra, yeah,
you know that you're dealing with an agent that's not
in production.

Speaker 2 (14:39):
I mean you know you have to look up their stats.

Speaker 5 (14:40):
Right.

Speaker 2 (14:41):
They're not willing to spend eight dollars a month, right, right?

Speaker 4 (14:44):
And and that's to protect your customer, right right. That
That's how I look at it as a protection for
the customer. And it isn't inconvenience to the agent a
lot of times, because then you have the bozo agents
that don't have the supra. Oh I can't get into
the place. You know, I want to show the property
and you want them to see the property.

Speaker 2 (15:00):
Right, so you have to end up over so we
have to end up.

Speaker 4 (15:03):
Dealing with it. But that's okay. I mean, that's part
of the business, and you know it's constan doom business.
And I'm not complaining if I I'm just grateful anytime
we have showing.

Speaker 2 (15:11):
Well, this isn't about you, this is about customers. Well,
and about you're talking about realtors giving up. We've we
had a huge job in realtors and some of the
reasoning by.

Speaker 4 (15:20):
So the reason so when we say we have a
drop of from two million to about one point six
one point five million, I don't know how many of
that is people that actually quit because years before that's
what it meant basically, but now it could be you
know what, I'm going to stay being an agent, but
I'm not paying you anymore and I'm still going to
use the MLS. And there's I'm not saying that necessarily

(15:44):
is a bad thing right now because there's a lot
of crazy craziness going on in the real estate industry.
There's big lawsuits against Zillo. Uh, they're trying to make
Zillo what do you call that? Not a rico but uh, monopoly.
They're saying that Zillo is becoming too big and it's

(16:04):
got too many things under its belt.

Speaker 2 (16:06):
Right now, who's going after him?

Speaker 4 (16:08):
Oh, there's a bunch of lawsuits from sellers and I'm
not sure about buyers. So there's a bunch of lawsuits
between brokerages and Zilo. Compass is one of the biggest
ones that's having a big fight with Zillo right now.
And then you have also the MLS is fighting with Zillo,
and Zilo's fighting with the MLS. There's a lot of

(16:30):
stuff going on in the industry. It's we're probably gonna
in the next two to three years, we're probably going
to go through a lot of changes, but nobody knows
what will work. Because that whole Buyer's Agent Commission thing
that didn't make any change whatsoever at all to affordability
for houses.

Speaker 2 (16:49):
And that was that was the whole reason behind it,
wasn't it.

Speaker 4 (16:52):
The whole reason was they felt that realtors were artificially
increasing prices.

Speaker 2 (16:57):
This is going after nar right realtors.

Speaker 4 (17:01):
And what the argument was is that sellers were being
forced to offer a commission to a buyer's agent even
if they didn't want to, right, And because of that,
sellers would then raise the price of their house to
make up the difference for that cost. That was the premise, right,
But it didn't work that way because you know what,
there's a whole thing that I learned in college when

(17:22):
I was a freshman called supply and demand. Well, and
the whole time I know that matters too, and they
didn't take that as like being eighty five percent of
the reason why prices adjust and commissions adjust.

Speaker 2 (17:35):
Of course, the whole time it was a negotiable aspect
of the contract. Anyway, It really was a ridiculous, uh
stripping of something again I guess, I guess the effort
was affordability crisis. So we'll go after the realtors because
they make too much money on these transactions. And it
was never going to get to that endgame.

Speaker 5 (17:56):
You know who won?

Speaker 4 (17:57):
Who's that?

Speaker 2 (17:58):
The lawyers.

Speaker 5 (17:59):
The lawyers just because they.

Speaker 3 (18:03):
Settlement yep or whatever exactly, whatever it is, they always win.

Speaker 4 (18:08):
And the thing that changes yep, and nothing changes in
the room. And what people don't get is is that
when I started in real estate roughly twenty tennis. I
dabbled for a little bit till I really started the
show in twenty twelve. The average commission was basically three percent.
Sometimes you were getting three and a half and four

(18:29):
percent as a listing agent. Right buyers agents were normally
getting three. Right, so people were paying five to seven
percent for real estate commissions. Then we had the crash.
Then the banks refused because the banks were like forty
five percent of all the sellers in the country. The
banks are like, no, we're not paying you that, We're

(18:51):
going to pay you this. So the commission started dropping
because the sellers the banks, right, we're saying we're not
paying you that. And I used to have to negotiate
with the banks all the time when I was doing
short sales to try to get a larger commission.

Speaker 2 (19:04):
Because again that's a negotiable aspect of the contract.

Speaker 4 (19:08):
And sometimes I won and sometimes the bank one, and
it didn't matter. We just did what we had to do.
Now that's okay, because it's part of the negotiations.

Speaker 2 (19:15):
Like buying a car, you have this negotiation. Every time
I would imagine, well, potentially, I mean, you say, here's
what I would like as a commission. And if there's
no negotiation to be had, there's no. But I'm sure
people counter.

Speaker 4 (19:28):
But what they do and I always start off saying,
the first thing you need to know. And this is
before the federal regulations changed. We said. I used to
say in Florida, real estate commissions are like the wild
wild West. That was my script. If anybody's listening that
heard me do a listing, president like, yeah, I've heard that,
and I go, Florida's like the wild wild West. And

(19:49):
what I would say is, as a listing agent, Johnny,
if you convinced me to do this listing for zero
percent commission, that's legal and you win. And if I
convince Ross instead, I want to sell his house and
I want a ten percent commission, and he agrees to
and he wants to give me a ten percent commission,

(20:09):
that's legal. I went, So everything's negotiable. Just that, keep
that in mind, and then I say, this is what
I'm going to ask you, and at the end we're
going to talk about it, right, so that way they
have it in their head and they can think about
it as we're going through everything. Sure, right, but most
agents didn't do that and a lot of agents would
say you have to give three percent, and they used
to do that, right, the listing agent would tell the sellers,

(20:31):
not not all listing agents, but ones that either weren't
informed or didn't care.

Speaker 2 (20:37):
Well, they deliver it as this is the way it is.
You'd deliver it as the reality, this is negotiable, and
I'm going to tell you why I'm asking for this,
and I'll show you and if you think it's worth it,
then we'll land there.

Speaker 4 (20:48):
Yeah, And that way, I feel like everybody's well informed
and they make proper decisions, and things can change because
when you put the house on the market, if you're
not getting what you want, the commissions on the B
side for sure, right and the listing side right can
be renegotiated. Well, if I'm going to take this offer,
I want to change the terms. But the thing that's

(21:10):
really the thing that's really interesting about all that is
as the inventory started getting tighter, and remember we went
through after the COVID, during the co not after During
the COVID boom, real estate commissions pretty much dropped to
two and a half percent from three percent to two
and a half percent on average. Naturally, without anybody doing anything.

(21:34):
Why supply and demand market dictated it. Yeah, market dictated it.
Why am I going to pay three percent to you, Johnny?
If Ross is coming in without an agent, I don't
have to pay him anything? Or why am I paying
you Johnny three percent when Ross's person is going to
do it for one and a half and he's given
me the same price, right, And that all became wheeler

(21:57):
dealer and commissions drop. My commission has dropped. I just
did my annual stats for the year. My commission dropped
compared to three years ago, zero point four percent overall,
And yeah, almost a half a percent overall. And that
is a function of the market. It wasn't anything else.
It was markets a little slower, harder competition. When you're

(22:22):
getting the listing right, there's more people because there's so
few listings out there comparatively that people don't It isn't
like shooting a fish in the barrel anymore. And some
people are to cut you. I got under cut twice
in the last couple of months with agents that were
charging slightly less commission, not you know, negotiations, Yeah, because

(22:45):
negotiations you can make up that difference in a second.
But they took agents. There wasn't a seasons me. Now,
maybe they'll do a good job, and maybe they won't.
I hope they do, you know, I want you know,
I want everybody to do well in real estate. But
that's the way. So anyway, there's a lot of changes
going on. Then we kind of got off track. But
there's so many changes going on. We're going to talk
a little bit more about that, but let me just

(23:08):
do a couple of shout outs if you don't mind.
My first shout out is going to be to a
Greek Franny from the Penthouse for the turkey drive that
they did last week. The Florida Talk Real Estate show
donated some money a five hundred dollars raffle ticket and
it was kind of cool how they did it. They
had bags of groceries like onions and carrots and stuff

(23:32):
like a bag and then a free frozen turkey right
from Martin Martino Produce.

Speaker 2 (23:37):
This year. De Martino Produce has given produce for many.

Speaker 4 (23:40):
Years, yea many many years.

Speaker 2 (23:41):
This year I heard that they actually supplied the turkeys
as well, so they really stepped in massively. Oh I
didn't know that. Hats off to them. They've been a
big part of it over the years, but huge part
of it this year.

Speaker 4 (23:53):
I had to leave a little early while they were
given everything out. It was fun giving out the bags
to everybody and everything. But I know that there had
to be probably eighty families that were helped at that
point before I left, and that was awesome. What was
cool was is the raffle tickets. There were four or
five of them somewhere for one hundred dollars and there
was one for five hundred. They put them in the

(24:13):
bag with the Yeah, just a little voucher thing.

Speaker 2 (24:16):
I thought. They put them on the back of an
old docks bumper sticker. I heard it was the either
way it were screwed bumper stickers.

Speaker 4 (24:22):
Oh that's so. I would have taken one of them.
I knew that was there and darted so But anyway,
it was a really it was a really great event.
And thank you Crazy Horse Saloons for supporting them, and
thank you Franny and Greek for allowing us to be
part of it. I was really happy to do that.
I like to do it.

Speaker 2 (24:38):
Thank you for being a part of it, all of us.

Speaker 5 (24:45):
If you were there, you guys.

Speaker 2 (24:47):
Just make me honor to be the voice. So it
was first and the last voice you hear.

Speaker 4 (24:54):
So it was it was really really good experience. And
let me tell you, I almost almost tear it up.
As soon as I walked in. There was this older lady,
her name is Michelle, and we started talking, really nice lady.
She had a walker, and she explained to me that

(25:14):
she had lost her house to foreclosure and she has
like three different types of cancers and she's at stage
four and she was over there not to pick up food,
but to donate like four bads and groceries to help
other people. And the lady doesn't have any place to live, right,

(25:37):
I mean, amazing? Is that amazing? Michelle? She she's a real, big,
real radio fan, but listening forever and she did I
think she ended up short sailing her home or something.
But she got hardly any money at all, and then
she was able to keep keep it, as you know,
rent for a little while and then she ran out

(25:58):
of money. But she was they were giving out donations
to help other people because she says she knows what
it was like to be hungry.

Speaker 2 (26:05):
They had a need like that, and show has tremendous need.
That's Wow, and.

Speaker 4 (26:09):
It just shows you the need that's out there. So
just remember that during the holiday seasons and everything. And
I'm going to throw it out here one more time.
We're about ready to buy that computer for the kids
for the Knights of Pythagoras Mentoring Network, which is KOP
Mentoring Network, And this computer is going to be used

(26:29):
for their podcast that they've been running for five years.
Their computer's so old that and outdated that it keeps
crashing on them during the podcast. And these are all kids,
like middle schoolers to high schoolers that are putting together
a podcast by themselves where they book the guests, they
do the layouts, they do the live broadcast, they you know,
they run the show. And uh so we're trying to

(26:52):
raise money for charity. Ross kameronis from bright Way Insurance
is given a huge donation. Paul Krasker from the law
office PAULA. Crasker is going to be giving out some money.
Of course, the Florida home pros Keller Williams, I'm going
to be doing it, but we're really looking for a
couple other people to help out. Nate's Nate asked them,
I'm not going to say his last name. On the air.
But he has also went into the the facetook Facebook

(27:18):
posts we had where you can click on the leak
to donate money, but that link is very complicated to
get to and we didn't have a really good response
even though I put it out on our weekly newsletter too.
So anybody interested in helping out those kids, please give
me a call. All you got to do is reach
out to us through Florida Talk reil state.

Speaker 2 (27:37):
We have so many ways, John Sure, probably the best
way would be on Facebook and be like, hey, Jim,
I want to donate. Of course, you can go to
Florida Talkrealestate dot com. There's a hotline you can call
it eight eight eight nine seven three seven eight to
eight contact page, you can fill that out. Lots of
ways to get in touch. Just gave you three really
good ways right there. But always remember floridatalkrealestate dot com

(27:57):
your access to the entire team. Whether you're looking at
need for these kids that it's a Pythagora and mentoring network,
or you need a professional in the world of real estate.

Speaker 4 (28:06):
Were going to break, Yes, let's go ahead and take it. Yeah,
let's go ahead and take a break on the flip side,
We're gonna do the clap one more time. And I'm
Johnny hasn't a pseudos hip because the headline for one
of my most clicked on emails in the last several
weekly emails was Johnny C's got the clap.

Speaker 2 (28:28):
And that that.

Speaker 4 (28:28):
Subject line got people to click on it.

Speaker 2 (28:31):
That was click bait about that.

Speaker 4 (28:33):
And then I wrote on his second headline when you
clicked on it says and that's a good thing.

Speaker 6 (28:37):
I tell you had that trademark.

Speaker 2 (28:41):
Dude, I keep failing it. It's amazing, but you can
and can't get Damn where was I Florida takrealestate dot com.
That's right. You should absolutely write that down, know it,
use it, love it. Shared is the way I like
to put it. Because when you're looking to buy a
home seller home, stuck with the homie, don't know what
to do. If you need a professional in the world

(29:02):
of real estate, I have one for you. One click away,
Florida Talkrealestate dot Com again on Facebook and YouTube. Lots
to consume, but that dot com, if you need it,
is there for you. And again when I say share it,
you never know. You can change lives, including your very own,
because not everybody talks about all the details. Not everyone's like, man,
I am, I'm drowning. I'm You're not gonna get all

(29:23):
the details. You get some of the details, but you
just give them a resource and sometimes they're gonna reach
back later and be like, hey, thank you very much
for sharing that because you don't know. But they helped
save my house or they helped me get into a
new home, or whatever the situation is. I'm telling you
prospros at Florida Talkreestate dot com. Four minutes from now
we get back at it. It is the twenty ninth
of November. I hope you had a nice Thanksgiving. We

(29:45):
are live on this Saturday and you can be a
part of it. Toll free eight seven seven nine two
seven six nine six nine dial in four minute break
and we're back at it on a Saturday. It's Florida
Talk Real Estate right here on Real Radio.

Speaker 1 (30:10):
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 seven sixty nine
sixty nine one two.

Speaker 2 (30:23):
Okay, close enough, we'll see Timothy was awful. Little bit
one more just for you know, so I feel better
about it one too. That's got I think that's better.
I gotta be better. Hey, thanks for joining in on
a Saturday. I hope you had a nice Thanksgiving. It's
the twenty ninth November. We are live in studio. We

(30:46):
meet Johnny c our producer Extraordinair. We're we're the best
damn produced show on the station. What's up on?

Speaker 9 (30:54):
Hello?

Speaker 6 (30:54):
Hello, and good morning.

Speaker 2 (30:55):
Good morning. The phone lines are open eight seven seven
nine seven nine six nine. I'm sure today that Jimothy
will line you up if you dial it. Absolutely, he
still says, yes, keep me busy. There it is. You're
more than welcome to join in the conversation at hand
if you have a question common concern on the world
of real estate Island. If you just want to say
to hid to Roska Marionettes with bright Way Insurance, Juno Beach,

(31:18):
he's right here. You can do that.

Speaker 5 (31:19):
Hey roight, Hi, Hi, Hi, everyone.

Speaker 2 (31:22):
Were you watching the game today? And don't say what game?
I don't know yet.

Speaker 5 (31:29):
I don't I don't know If I want.

Speaker 2 (31:30):
To watch, well, you can hear it right here on
real Radio. That's all four.

Speaker 5 (31:34):
Thirty k FSU Official FSU station.

Speaker 2 (31:39):
Like the way you put that. Actually, it's just Homi
Gator football for many years now, and they happen to
be playing that old girls school Florida State today.

Speaker 5 (31:50):
Okay, all right, well maybe i'll listen in that you can't.

Speaker 2 (31:53):
Was that a one thirty pre game Jimmathy for a
four thirty kick?

Speaker 6 (31:56):
Yes, sir, you're on Reel.

Speaker 2 (31:57):
Radio four thirty time time. Let's give something that's a
pretty good rivalry. That's a pretty good rivalry today, that
michigan O House date. That should be pretty fun. It's
be a good one. We do have a Gator present
here today. It's Jim Popola Float to Home Pros Team
Callowilliams Innovation, Go Gators.

Speaker 4 (32:14):
Do you want to hear something funny about that? I
was just talking to somebody yesterday. When I was younger,
I used to say that if I ever slipped into
a coma for months at a time and I woke up,
I would know two things right away. Number one, if
it was a Sunday or not, and number two whether
I was woke up in Gainesville or not. Because I'm

(32:37):
not a big Sunday person. I never really liked Sundays
that much. Sundays, And I don't know why. I just
didn't like Sundays and Gainesville. I wasn't really a big
Gainesville person.

Speaker 2 (32:48):
No, I just didn't get it.

Speaker 3 (32:55):
It's a beautiful air and everything, but I don't know, huh,
there's a bunch of gators here.

Speaker 4 (33:00):
Yeah, there are.

Speaker 2 (33:06):
A ton of Italians.

Speaker 4 (33:10):
Hey, I I just want to go over a few
of the properties that we have that we have active
right now, if you don't mind. I just wanted to
give everybody a little flavor some of the inventory got
out there. We've got one two four five Carlton Court,
which is in Colonades in Fort Pierce. And this is
a nicely a nice and clean, ready to go, turn key, ready,

(33:35):
bright and airy to two unit on the second floor.
It's not in the water area of this community. There's
a lot of buildings throughout this community, but it is
a waterfront community for sure. And I don't know how
many times Johnny has told me he's dropped the lines
in the Indian uh Indian River, right, it's an inter
coastal Indian river and dropped the lines in there. And

(33:58):
there's tons of docking for boats. And let me tell
you that whole area South touches An Island. It's a
really good if you if you want to go out
and hang out at happy hours and stuff. There's a
lot of choices for you out there. For a little little.

Speaker 2 (34:14):
Town, for sure.

Speaker 4 (34:15):
Yeah, that's it seems like everybody knows everybody over there
a lot.

Speaker 2 (34:18):
I'm fond of it because that's where my grandparents, the
Colonnades specifically, it's where my grandparents were. It's where I
visit it every summer, so I'm very fond of it.
But even without that connection, it's just a cool spot
in four Piers. Once you go over the bridge, it
just feels very different. You know. My mom used to
always saying, I ain't going to otbright over the bridge

(34:41):
exactly bridge over there, and I got no need over there.
But yeah, it's a that's a cool spot right there
for sure.

Speaker 7 (34:47):
Cool attractions too, a great beach access. Eliot Museum is there,
the thing where they have the sting rays. It's like
an oceanographic thing and they rehabilitate the animals.

Speaker 2 (34:57):
That you can go to.

Speaker 7 (34:58):
Actually, it's a lot of good, nice and sorry and
you shoot right up a one a there and you're
in Fort Pierson.

Speaker 6 (35:05):
You got all kinds of restaurants and everything not far away.

Speaker 4 (35:07):
It's so it's so nice. And I did a little
Facebook video when I put the house on the market
and I shot a little thing of me driving over
the bridge to get to the unit. It's like, I
love coming up to this unit because you just feel
like you're in Florida.

Speaker 2 (35:23):
So that that's funny you say that for me, like
my whole child. Hell, even today, going over that bridge
was like the real like now I'm I'm here, I'm
in Florida now exactly. And there was always the feeling
when he got off the plane in West Palm when
that he made it just smacks you, you know, California.
Step over the threshold and you're like, oh, it's Florida.

(35:46):
That's Florida. There it is.

Speaker 4 (35:47):
And the food is really good out there, and it's
not that expensive. It isn't like you have to pay
an orm and a leg for stuff out there. So
really really great place. And we have this unit's it's
under two hundred thousand dollars. It's one hundred and ninety
five thousand dollars. So come give us a call. They've
already done the concrete restoration, in this building. I think

(36:09):
the reserves are okay. So give us a call. If
you're looking for that place and you just want something
inexpensive but feel like you're in Florida all the time.
Maybe you only come here part time and you live
another part of the country. This would be a great
affordable way to do that. Then we have Oh and

(36:29):
by the way, that's a fifty five and over community.
And we have another one. I'm sorry, I got hiccups.
Now in Century Village in West Palm we have a
two bedroom, one and a half path unit on the market.
We're asking one forty nine one hundred forty nine thousand
for that. That's about the middle of the price ranges

(36:50):
in there. You can get stuff under one hundred thousand,
but basically got to rip the whole thing apart and
start over at one. You know, one forty nine. The
unit is totally moving ready, all the mechanicals are in
great shape, kitchen has been updated and it's ready to
go in turnkey. Another affordable option for people under two

(37:11):
hundred thousand dollars condo. This is one nine for a
two bedroom, one bath.

Speaker 2 (37:17):
Then we have have I surprised that that's less expensive
than the Colonnades unit. Why does that surprise me?

Speaker 4 (37:25):
Well, location, location, location, ones on the water, you know,
ones in a water community, and the other ones like inn.

Speaker 2 (37:31):
The Pus County aspects of it.

Speaker 4 (37:33):
Well, and Century Village is supposed to be an affordable
option for people. It's always been like that. The community
was built in the sixties, right. Century Village I think
has over five thousand units in the community something like that, Yeah,
maybe six thousand, big yeah, and every there's a bunch
of different associations besides the Master Association. And it also

(37:55):
has a multimillion dollar arts and entertainment center over their complex,
kind of like King's Point in Delray has that too.

Speaker 2 (38:02):
So again, why am I why am I so surprised
that it's I mean, we're talking like a fifty thousand
dollars difference.

Speaker 4 (38:07):
Well, to be honest with you, the buildings are older, right,
that that makes a difference. The other thing is is
that the HLA at Century Village is about five hundred
dollars a month, just a little bit over. You get
so much for that five hundred dollars though, but some
people's like five hundred dollars a month for one hundred
and fifty thousand dollars condo. You know, that's a chunk,

(38:29):
but you get you know, if you have to go
to the doctor or grocery shopping and you can't drive,
they got shuttle service for you to do all that stuff. Right,
They've got every kind of activity you can think of
to keep you busy.

Speaker 5 (38:43):
Right.

Speaker 2 (38:43):
The h away and the colonades has got to be
at least around that though, wuldn't it. I mean at
least hold on, I'm sorry spot when you said, yeah,
that sounds probably.

Speaker 4 (38:54):
Actually it's seven hundred. Because of the reserves and everything
they had to do, it's up to seven one hundred
and fifty eight dollars a month, not a quarter. But
you know for people that are on vacation home, it's
still relatively inexpensive.

Speaker 2 (39:10):
Oh yeah, but.

Speaker 4 (39:11):
Yeah, So Century Village is a great affordable for seniors
that are on a budget. That could be a really
good option for you as opposed to running, depending on
what you could put down on the property. And when
Mike comes back into town, I wonder if he's up
at the FSU game with his daughter Isabelle. I'm wondering
if Engagelle. Yeah, so I wonder if you know, Oh, yeah,

(39:36):
that's engaged. I thought it was Fsu. I'm thinking wrong.
So because he was supposed to come this week and
then he blew it off, he could.

Speaker 2 (39:43):
Be there though. I'm wondering if my nephew is f
as you grad and he's he's Him and a buddy
are at Gainesville and then they're bombing down to the
Dolphins on Sunday.

Speaker 4 (39:55):
Oh that's pretty cool.

Speaker 2 (39:56):
Yeah, yeah, they're doing they're doing a two for.

Speaker 4 (39:59):
I have my next property I want to talk about
is a very unusual one because it's my Airbnb property
right now. It's two to eighty Bella Vista in Jupiter.
It's a half mile from the beach. It's in a
great community of Jupiter area. You're by the Jupiter Park,

(40:19):
Juno Beach Park. To the south. South of it the Carlon
Park Carlon.

Speaker 2 (40:24):
What is it Carlon Carlon Park.

Speaker 4 (40:27):
Yeah, it's just Carlon Park, right. I felt like there
was another word in there for some reason. But what's
interesting about this is that it's a three bedroom, three
and a half bath town home. The person bought it
a few years ago, they moved in, they put over
two hundred thousand dollars to upgrades, and then they furnished
it nicely. They were living there for a while, then

(40:49):
their life change and they decided to move somewhere else
in the county, but they decided that they were going
to keep it at turned into an airbnby. I have
already forty seven thousand dollars for this season and a
little bit of next year already pre paid in the bank,
just waiting for the customers to come. And it's legal.

(41:10):
It's a daily rental community that allows you to rent
the properties daily. You're not having any issues with that whatsoever.
And we've already had four people reach out that were
very interested in it. In it can't show the property
why it's being rented out, so I have to give
them a calendar of what days the property is available

(41:34):
over the next month to show, and there's way less
days in the calendar that you can show it. Then
you can't show it because it's that booked. So it's
kind of cool. I like that that it's getting that much.

Speaker 2 (41:47):
Actions, got a lot of actions.

Speaker 4 (41:51):
So I'm hoping that we're going to be showing it
a little bit on Monday, and then after that it's
booked on Tuesday, and it's booked for another week, and
then week after we're gonna hopefully show it again. Beautiful home.
Over two hundred thousand dollars in upgrades, not including the furniture.
And if you buy that unit, it's like you're walking

(42:12):
in like after you put your down payment and closing
costs and everything, then this seller is gonna say, okay,
here are all the listings that are prepaid for. Just
sign up to this account through this daily rental company,
and all the money's yours, So it'll probably pay for
half of your down payment costs if you were to

(42:34):
do a down payment on this. And it's also a
great opportunity if you don't want to turn into air
B to B, it doesn't have to be. It's a
great community just to move into and stay. Let me
see how much the HA is on that one, Johnny,
Now that you got me thinking about chas Now, so
the HA on that one is eight hundred and eighty

(42:55):
three dollars a month. On that one, it's a seven
to ninety five unit for seven hundred nine five thousand.
If you're interested in any of these or on our
Facebook page, I don't know if they're on a Florida
Talk real Estate page, because we're revamping that right now,
totally changing around. I'm going to be very excited when
that's done. Nice end of January. And so if you

(43:15):
have any interest in any of these properties, give us
a call, or if you're interested in buying a property
or selling a property, you know, give me a call.
I'd love to talk to you about what we could do,
or just give you some great advice about what your
options are.

Speaker 2 (43:28):
That's good too, absolutely Florida talkreal Estate dot Com. Buying
a home, selling a homestock with a homie, don't know
what do? You just need a professional some aspect in
the world of real estate. The market is crazy out
there and there's lots of professionals needed and we got
them all the best of the best one click away
Florida talkreal Estate dot Com like Rosca Marion, that's what
bright Way Insurance, Juno Beach and of course Jimmy de

(43:50):
over here in studio as well with the Florida Home
Pros team.

Speaker 4 (43:53):
Thank you. Okay, so let's get a little bit into
the economy a little bit because there's so much going
on right now. So let's just go into interest rates first,
and interest rates went down point oh three. So now
we're about we're back down to let me see what

(44:13):
is this six point two to three? Yeah, six point
two three. We're at six point twenty six last week.
So and we've been hanging out. Uh, I'm gonna show
you something, Johnny, because I can't show it on the air.
But look how flat? Look how flat? That line is?

Speaker 2 (44:31):
Pretty flat?

Speaker 4 (44:31):
This is a year. Yeah, right, So our interest rates
have been flat for so long, and everybody's going to
be complaining about that. Uh, interest rates are the issue.
The interest rates aren't the lowest they've ever been in
a while, because there was a six point oh eight
last year, but six point two three. This has been

(44:53):
so consistent over time. And there's a lot of people
out there, especially first time home buyers. We're paying money
for rent. And I've talked to four or five of
them over the last couple of weeks and they all
were thinking about buying last year and didn't so they
decided to rent. So I started calling them up saying, hey,
your lease is coming up, are you ready to do

(45:14):
it this year? And they're all saying they're going to
stay with the rental property they got. But here's the
thing that's interesting is is that if they were willing
to pay ten percent more on their rent, and I'm
trying to be conservative here, might even be less. But
if they were will to pay ten percent more than
what they're paying for rent, they probably could get a

(45:36):
home that would definitely work for them as a first
time home buyer and get into the market and start
playing that whole real estate game to start getting appreciation
and everything over time.

Speaker 2 (45:46):
It's where you wonder if it's lack of willingness or
lack of ability to if it's just they don't have
it in the budget. And I can't imagine year to
year that their savings has gone out tremendously. They're kind
of the average show. In fact, I would think the opposite.
I would think their savings have been depleted and their
credit cards have been stacked up.

Speaker 4 (46:07):
I would think that that's true. But there's a lot
of people out there that don't know what they don't know,
and they haven't figured it out. Yes, so they're afraid.

Speaker 2 (46:15):
Don't don't fill in the blanks on your own.

Speaker 4 (46:17):
That's facts, and I feel like some of them would
be really missing out because let's say that you bought
two or three years ago and you were paying ten
percent more than you were paying for rent, but you
had potential tax benefits from owning the home, and then
you had appreciation over time, even in the bad markets

(46:39):
until this year. Okay, but in twenty twenty three and
twenty twenty four, which were not great markets, we still
saw three to five percent appreciation.

Speaker 2 (46:48):
Well, that's that's what we should see on a yearly basis.
I mean, that's what we expect, three to five percent.

Speaker 5 (46:53):
So if you've got ten percent three percent interest.

Speaker 4 (46:56):
Rate tea, yeah and three percent interest right, that's right,
and you only want three year mortgages at three percent?

Speaker 2 (47:03):
Right?

Speaker 4 (47:04):
Yeah, yeah, oh yeah. Which we are going to talk
about all that stuff because there was some talk about
affordability that we have to slide into this conversation.

Speaker 2 (47:14):
No, we totally debunked in the fifty years. Didn't we
do that? Did we say? Like, that's not a way
to say.

Speaker 4 (47:19):
But they're throwing out other things now that are kind
of interesting. To be honest with you, there's some interesting
stuff of stuff being bantered about to see if there's
some options out there. Because I'm kind of of the
of the opinion that the only way that we're going
to see the affordability crisis end is by having a

(47:43):
pretty decent haircut on appreciation that we've had, because the
appreciation we had during COVID was unsustainable and not based
in reality. And I feel like that people were willing
to pay at that moment because I know people like
age experienced appraisers dot com. He's like, hey, wait a second, oh,
the one that's appraising all those houses, and at that moment,

(48:07):
when people want to buy what they were willing to
you know, it's worth what people willing to pay, right,
it was legit that way, but over the time of
house appreciation what you would expect a normal appreciation that
was very unrealistic and people took advantage of it, which
is great. Sure, you always do that, just like the
stock market, But the stock market corrects itself over time,

(48:30):
and real estate's much harder to correct.

Speaker 2 (48:32):
It seems like to me.

Speaker 4 (48:33):
I don't know why, but it just seems like way
more harder correct.

Speaker 2 (48:36):
Because it takes The stock market is just jitters, right,
that can correct fast, yeah, real, real fast. The housing
market requires massive action and it's usually nothing positive for
big corrections. Yeah, it's gonna take big like floors to fall.

Speaker 4 (48:54):
Out, and that's true. And there's also a big effort
that you have to do to get out of that
asset if you will to sell the house. But if
you want to sell a stock, it just click a
button and your your stock.

Speaker 2 (49:04):
So much of the stocks is based on speculation. The
speculation in the housing market is what's just going to
happen in the future, right, I mean it's the same speculation,
but you don't invest the same way. So but you
can you can rest assured that you will highly likely
get appreciation if you buy a home, yes, unless the
floor falls out.

Speaker 4 (49:23):
Yes. And that gets me to the next thing, which
is where supposedly almost fifty percent of the houses are
mortgage free. Wow, forty forty I'm sorry, not the numbers changed. Okay,
so we're at over fifty percent of the houses in

(49:44):
the United States where oh, I'm sorry, had had more
than twenty percent equity in the home. Now forty percent,
I'm sorry, forty point three percent of all the homes
owned in the United States or mortgage free. Four out
of ten. That's wild, right, This is coming from Axios, right,

(50:06):
and just to give you and actually is coming. Axios
is getting this data from the US Census Bureau, Okay,
and then they mapped it out, and Florida is pretty
I don't have the hard numbers, okay, but Florida, based
on this map, is in the middle of that. Right now,

(50:29):
the ones that have the most equity, believe it or not,
are I can't even believe I'm saying this. West Virginia, okay, Mississippi,
and I forget which is on the which is on
the left side? Is it Arizona, New Mexico. New Mexico

(50:51):
is on the right side, right, Okay, Okay, thank you, Johnny.
It's next to Texas, New Mexico. Those are the three
that have the most mortgage free homes per capita.

Speaker 2 (51:03):
So that surprises you though for some reason.

Speaker 4 (51:05):
Well, West Virginia and Mississippi are pretty poor states. That's
what I'm saying. It's pretty poverty stricken states comparatively. But
also there are houses that are probably the cheapest in
the country. I bet you if you look at median
home values, they're also the lowest. And I bet you
a lot of people stay in their homes for a
long time over there.

Speaker 3 (51:26):
I might be wrong, and everybody you know like that
probably that house has been in the family right.

Speaker 4 (51:31):
Exactly for generations or something like that. Now, the states
that have least mortgage free homes Washington State, California, Nevada, Utah, Colorado, Utah,
yep Utah, and let me see Virginia, and I don't know,

(51:54):
New York is kind of New York is like Florida
right kind of in the middle. So anyway, there's a
lot of people people out there that have mortgage free homes.
And that kind of makes sense because the average first
time home buyer right now, which we talked about the
last time around the show, was forty years old, right,
first time home buyer forty years old. I saw one

(52:14):
influence ago forty years old and they're like a thirty
one year old guy and he's like freaking out that,
you know, his generation is missing out on home ownership,
which he's correct about.

Speaker 2 (52:28):
When I was thirty one, I had the perspective that
I was never going to own a home, Yes for sure, Yeah,
like doesn't matter what is going to happen, I'm never
going to be a home. I was like I was
never going to get married. I was like a kid,
and I'm never going to own a home.

Speaker 4 (52:45):
Guess what I've watched, like three quarters of that happened
in real life. You think you know, you don't know what,
you don't know it, right, But I think I bought
my home when I was thirty one too. I think
I was thirty one, Yeah, thirty one. I was thirty
one when I bought my house. So I started a
little late, like a lot of my friends had already

(53:06):
bought homes by the time I bought my Yeah, well,
i'd buy.

Speaker 3 (53:10):
First home when I was probably twenty eight, okay, and
then did you do it here down here?

Speaker 5 (53:16):
Yeah?

Speaker 3 (53:16):
But then in twenty twenty, I was a first time
home buyer at age forty again again yeah, first time
HomeBuy Yeah, yep, you know it was forty yep.

Speaker 2 (53:24):
And that's that's what Mike brought up when we brought
this up a couple of weeks ago. Is that three
year reset to become a first time home buyer, and
it could that can really skew a number. That doesn't
mean these people are buying their first hold.

Speaker 4 (53:37):
And I don't know when the reports, like the reports
might be reporting on real first time home they were using.
You think they were doing that because we looked it up.

Speaker 3 (53:47):
During during the show, they were using that you didn't
own a home three years prior.

Speaker 4 (53:53):
I'm buying next spring and I'm going to be your
first friend.

Speaker 10 (53:55):
Home bar right, So you'll you'll be skewing that number. Yeah,
I'll be screwed at big time. He scared of big times.

Speaker 4 (54:02):
So and the other thing I'm telling people right now
is if you're running right now and you can get
a deal that makes sense, you probably should do it.

Speaker 2 (54:13):
But just to continue that conversation for that thirty one
year old dude, he has a lot of information that
he doesn't know to understand what that forty means. It
doesn't mean he can't buy a home.

Speaker 4 (54:22):
It just means that, Yeah, what it means is that
people aren't really figuring out what's going on. You have
to have all the details in there, and they don't
have a plan. The thing is like, even with you, Johnny,
when you decided to get into the housing market, it
wasn't just like Okay, I'm going to do it now.
There was a plan and we went through a process

(54:44):
and it gave you a clear idea of what the
end of the tunnel or the finish line was right
where the finish line was. So you weren't just like
I want to buy a house someday, you weren't.

Speaker 2 (54:56):
What it took was a lot of help. I have
to get guide. It's in so many ways, and I
fortunately had the resources to help me along the way.
You do too, Yes, I'm talking to you, Florida talkreal
Estate dot Com. The same resources I had to get
to my first home. Yes, you can utilize the same team,
Florida talkreal Estate dot Com. I went from this is

(55:18):
never going to be my life to huh, and pretty
quickly I went to huh, this might be real now. Again,
more help than you can imagine to get done when
I needed to get done, and I'm forever grateful for that.
But when you have the path and an understanding and
a desire, you can get there. It's just about making
it happen step by step, day by day. It's not

(55:39):
gonna happen tomorrow. I understood that. But we got there
within nine months. I want to say within a year, yep, yep.
But it took. It took desire and had we had
to do some things. But it wasn't like in my
mind it was wipe all my dead out and then
I can maybe get there. And it was, you know,
sitting down with the professionals is non We just need
to chip away at this. If we chip away this

(56:01):
and this, this gets your credit score to here and
then we just need this down. Here's your down payment
assistance program, bat of being Bata Boom. We tied it
all together and there's a video of me getting my keys.

Speaker 4 (56:12):
That's flowing around out there. Yes, so let me ask
you this. I know that we got to take a break,
but I wanted to ask you this because it popped
in my head and I think it would be a
really good lightening moment for certain people. And I don't
know what the answer is going to because I'm asking
your live on air. What do you think your family
life would have been like? You know about housing when

(56:32):
it came to housing, if you rented even to this day.
Can you imagine if you never bought and you were
still running and then you went through all those rent
increases during COVID where everybody went nuts and then looking
for places, do you feel like you would have been
better off that way?

Speaker 2 (56:48):
So I can I can put myself in that situation
because I went through rent increases, like I have to
find a place to move because I can't afford this
rent anymore. I've done that. Where I was renting prior
to buying was a totally unique situation, and this lady
gave me decreases every year. Donna was an angel, I mean,

(57:09):
unbelievable neighbor. She even tried to get me to buy
her home, that home that we lived in, like for
no money, and it just we didn't want to live
in Port Saint Lucy, right, we wanted to live in
Palmridge County, so uniquely for me, I don't know what
it would have been. I don't know how different we
just been living in Lucy. But yeah, I think I've
been through it. I think if you have the you

(57:32):
have the resources to understand your situation and what it takes,
because it sometimes it's just a couple of tweaks, little
things you you don't know, you don't know all that's
involved until you sit down and understand it. And it
doesn't take a lot of time. I got a real
firm understanding in just a couple of hours, truly, and

(57:53):
then uh, and then you start putting in the work.
But yeah, it you have to have the roadmap, You
have to know what you have to do, because other
as you're sitting there, like I was just thinking, I'm
never going to get out from under all this and
that's what it's going to take to buy a home.
And that's just not reality. No, it isn't. Really, it
isn't like that.

Speaker 4 (58:10):
So anybody interested give us a call. We don't fight.

Speaker 2 (58:13):
And by the way, down payment assistance programs are better
than they better now than the way we are back
in the y in twenty fourteen. Yeah.

Speaker 4 (58:21):
On the flip side, what we're going to talk about
is a little bit about the affordability ideas that they're
throwing out right now. Some of it's national, some of
its state like Florida specific. Some of them I think
are potentially hah, I never thought about that kind of interesting.
You know, I don't know the right answers for this
because it's brand new stuff we're talking about all over
the country about trying to fix property taxes for affordability,

(58:45):
insurance for affordability, all kinds of things. So we're going
to talk about some of the ideas and see what
you guys think about it.

Speaker 2 (58:52):
Excellent, and if you have anything you'd like to throw
into the conversation. You have a question, comment, concern, something
totally off base involving real estate. Don't be shy. We
have a toll free number about an hour remaining on
this Saturday. We're live on the twenty ninth of November.
So hope you and your family your friends had a
nice Thanksgiving. Dial in at eight seven seven nine two
seven six nine six nine. Of course, if you're not

(59:14):
comfortable on the radio, believe me, I understand. I'm not
comfortable myself. Florida Talkrealestate dot Com is for you the
one stop real estate shop. Access to the entire team.
These are prospros, experts in their field. You might know
people that are good at what they do, You should
go to people that are great at what they do.
Florida Talkrealestate dot Com. Do what, use it, love it,
share it. You can change lives, including your very own,

(59:35):
with the prospros. So Florida Talk real Estate dot Com.
We're back in four minutes Florida Talk real Estate Right
here ro Radio.

Speaker 1 (59:56):
This is Florida Talk real Estate with Jim Depola and
Johnny c. Got a question for the show, call us
Live and one eight seven seven nine seven sixty nine
sixty nine one two.

Speaker 2 (01:00:09):
That's gotta be close enough. Huh, please clap. I noticed
Jimmy didn't do it again. No, no, no, no, Jimmy, Jimmy, Jimmy.
Oh the screen was slow. Bothers me that he doesn't
do it with us.

Speaker 6 (01:00:24):
Getting ready to play some jas. All right, I guess
I guess you have it on mind that that's my participation.

Speaker 2 (01:00:33):
You want to do one more time. It's all about
the camera.

Speaker 4 (01:00:36):
Let's try one more time, one more time, one too.
I think that was our fastidat that might be the
best yet. Least we should just run that over and
over again.

Speaker 2 (01:00:46):
Yeah, can you record that? Thank you? It is You
guys are amazing. It is. Thank you. It's the twenty
ninth November. Thanks for being with us on a Saturday.
I hope you had a nice Thanksgiving. If it wasn't great,
the good news is is you got through it. It's past.

(01:01:07):
Now you don't have to dwell on it anymore. Sorry
for bringing it up. Johnny c is me. Jimmy's are
a producer. Extraordinary. What's up, my dude?

Speaker 6 (01:01:14):
Good morning, good morning, Happy Saturday after Thanksgiving?

Speaker 2 (01:01:17):
Yeah, come on now, thank you very much. Get it
a lovia face on a Saturday hand of giblets. Oh
that's my favorite part there is by the girls in
my life were like, man, it is I couldn't find
the bag of giblets in our turkey. I okay, So
you're like, you cooked the bag of giblets? Said no, no, no, no,
I completely when when the turkey was done and after

(01:01:38):
I cut it, I ripped that thing apart to find
the bag of giblets, and it came without a bag
of giblets. It came with the neck, which is probably
my favorite part. I love holding it, just being like, man,
this is wow. But the mine came without a bag
of giblets. Almost called butterball too, just to be like,

(01:02:00):
I'm not supposed to make my Thanksgiving, can't make stuffing
anymore without stuff? And what's Thanksgiving?

Speaker 6 (01:02:06):
What's that hotliney stuff it?

Speaker 2 (01:02:11):
I think, yeah, how about that no dribblet bag in
my turkey? And I know you're all thinking, you cook
the jibble bag. I did not. But my girls walked in.
They see me like double fist in this thing looking
for it. I'm coming in both sides. What do you
do it? I got that on video looking for the
jibbler bag.

Speaker 6 (01:02:29):
I help anyway?

Speaker 2 (01:02:31):
Good times? Uh roskaman Nets is over here wondering why
he's sitting next to me at this point. He's with
a bright way assurance Juno Beach. Hey, Rossen, Hey, it's good.
I can't see you, probably for the past, especially as
I'm showing all the hands visuals. I guess if you
are streaming with us on Facebook or YouTube, Congratulations you're

(01:02:51):
in the kitchen.

Speaker 5 (01:02:52):
Clap please.

Speaker 2 (01:02:55):
Jimmy D's over here, our fearless leader thirteen plus years now.
I've told you he runs a top producing Williams team.
What's the Florida home pro seamkell Williams Innovations.

Speaker 10 (01:03:03):
Hello, Hey, happy you saw Florida. Everybody ever have a
turkey with no gibblet bag in it?

Speaker 4 (01:03:09):
Yes? And I've had my mom cook it with the
gibblet bag in it before. That's happened too, So I'm
I know that's what my mom thought.

Speaker 2 (01:03:16):
She's like that fool, there's gonna cook it?

Speaker 6 (01:03:19):
You ever double fested?

Speaker 4 (01:03:22):
No, So I guess I've been doing it wrong all this.

Speaker 2 (01:03:28):
But the bird turned the burd turned tradition a moist.

Speaker 4 (01:03:35):
So the economy is very confusing right now, and there's
all kinds of things going on. So I thought that
we kind of like just go over and kind of
put some things in perspective. And the first thing I
wanted to talk about was kind of inflation. Okay, consumer
price indecks just came out, actually came out like this

(01:03:55):
came out in October, but we haven't had one since.
So I'm going to use the October and October we're
at three percent. This is the CPI. Okay, so we're
at three percent. So what is the CPI Consumer Price Index?
It is goods and services and includes things like food
and beverages, housing, apparel, transportation, medical care, recreation, education, and

(01:04:21):
other goods and services.

Speaker 2 (01:04:23):
That doeslos housing in here.

Speaker 4 (01:04:26):
It says what are the products and service categories included
in the CPI. Now, the PPI is about production, and
that's like behind the scenes, what's happening with producers producing things.
But the CPI is like what we're paying for at
the register. And we're at three percent. And I keep

(01:04:47):
hearing all these politicians arguing about these numbers all the time.
Both sides, right, I'm not saying one side of the
other side and look, here's the reality. We've been talking
about this since the inflation was almost ten percent. Remember
when inflation got to ten percent after COVID and we
watched it was actually nine point one or something they said,

(01:05:08):
and it went all the way down to like two
point three two point four, And that's kind of where
we were at the beginning of the year roughly. And
it has been scooting up. You just can't avoid it.
It has been scooting up.

Speaker 2 (01:05:21):
Now.

Speaker 4 (01:05:22):
Is it going crazy up?

Speaker 2 (01:05:24):
No, it's not not what.

Speaker 4 (01:05:25):
People were predicting. With the tariff changes and everything. People
thought it was going to jump tremendously. Not saying it's
not going to happen, but it hasn't happened yet. But
we did go from two point four to three point zero.
And that's an increase. Is it an increase that's going
to make a difference? Like you know, certain people, it will.

(01:05:46):
Most people can absorb that kind of interest rate because
when we were at three percent, the last time we
were at three percent, which was pre twenty twenty five,
right we were at we were in the threes. And
twenty twenty four, for sure we were in the threes.
Might have been three point eight three point nine or whatever.

(01:06:08):
But when we were in there, we were still cooking
along and getting things done. People were still complaining about
the high prices, There's no doubt about that. But we
have seen them gone down, so that part is true.
They have gone down, but since twenty twenty, yeah, since
twenty twenty, but they are going up. Since January, they

(01:06:28):
are going up. Now are they going up tremendously? Well,
they went up about ten percent. If you're at two
point four and you get to three, right, Actually, that's yeah,
that might be closer to twenty percent, right, increase Now
you're talking about decimals, but still it's a twenty percent increase.
So things are more expensive, whether you want to say

(01:06:49):
it is or it isn't, or things are getting better
or not. As far as inflation, inflation is not going down.
It is not going down. It is going up, but
it's going up slightly. And it could be a variance
because we've seen some months we're at three point zero
and then we dropped down to two point eight right
in just one month, So it could be a variance.

(01:07:11):
But we're not going down right now, We're not going
up tremendously. Mortgages, we just talked about how for the
last year it's almost looks like almost as straight up
a line as you can get with art, it's pretty
darn flat. The variance is about a quarter point. We've
only gone up or down about a quarter point with
mortgage straits for the last year. That's pretty good because

(01:07:35):
all the other years we've had the bouncing ball where
we got whiplash from going up and down and up
and down. We've been pretty steady. You could almost bank
on what your mortgage payment was going to be if
you went out buying homes. You didn't have to worry
to rush to go buy something. Prices in housing are

(01:07:55):
going down. Zillow is putting out a big call to
alarm saying Zillo raises red flags on homes and mortgage rate.
It says that the big problems we're having is affordability,
and they're saying that affordability concerns rise is home ownerships costs.
Home Ownership costs now exceed fifteen thousand, nine hundred yearly

(01:08:20):
outpacing people's incomes.

Speaker 2 (01:08:23):
Now.

Speaker 4 (01:08:23):
I don't know what the fifteen thousand. I read the
article and it didn't really explain to me how they
come out the hidden costs of owning a home. So
what they're saying is rising expenses for maintenance. So like
your costs for materials costs more when you got to
put on a roof or you're upgrading your house or

(01:08:43):
something that costs more than it did in the past.
Then you have your insurance and your property taxes are
climbing and that's the extra sixteen thousand a year that
you weren't budgeting when you bought your house. Okay, interesting,
So they're saying that the biggest problem that we're having
is is that is the affordability crisis. Now with that

(01:09:08):
being said in the CPI, people are trying to figure
out nationally and locally here in Florida and nationally of
how to reduce affordability, especially for housing because we've got
people that are first time home buyers that are averaging
at forty years old. I'd say they like the other guy, right,

(01:09:30):
And when it used to be like twenty eight was
the average, and now we're at forty, So that's not healthy.

Speaker 2 (01:09:36):
You know.

Speaker 4 (01:09:37):
The big thing is most people buy the home before
they start the family. That's the way it used to be.
So if you're buying your first home, at forty if
it really is first time home buyer, that's starting the
family pretty late, right, So people don't like that. So
Florida's making progress on plans to cut a scrap property taxes.

(01:09:59):
And what they've done is they've created Remember when they
were going to give us a bunch of different choices
and DeSantis, the governor, shut it down. So that's crazy town, right.
You're never going to get anywhere if you offer too
many choices which I tend to agree with. I tend
to agree with.

Speaker 2 (01:10:13):
You, like six or eight different options as amendments.

Speaker 4 (01:10:18):
Yeah, and it was like too much, and they were
in conflict with each other, so like it was going
to just decimate everything, right, it was just going to
cannibalize all the votes. So he didn't like that idea.

Speaker 2 (01:10:29):
No, he didn't go ahead. I'm sorry, do we have
a caller? Oh?

Speaker 4 (01:10:33):
We do, but you want to finish up your thought
and oh yeah, so yeah, thank you. So so, so,
what what they've done is they've come up with eight
house bills. This is the House now, not the Senate,
this is state, Okay. They came up with eight bills
of ways to reduce to make housing more affordable, but

(01:10:59):
it looks like the House is saying, let's put all
these eight things up there again and then let the
people vote do they want this or not want this?
And we'll get into that in just a second. The
eight couple of the eight things are not going.

Speaker 2 (01:11:12):
To go over all. It's not all property tax related.

Speaker 4 (01:11:14):
No, it's not all property tax related. And some of
it I think are good ideas, but I don't get
how you're going to put all of these eight things
out there when I start going over and it will
make sense and then expect to get a cohesive plan
from it.

Speaker 2 (01:11:27):
Well, what happens if we all vote yes on all
of them? Right? Right?

Speaker 6 (01:11:31):
And that's the thing. Is all eight going to be
up on referendum? Or are they going to be separate?

Speaker 4 (01:11:36):
And it looks like they're going to be separate, but
I'm not sure yet. So let's go ahead and take
the call first, just because callers count.

Speaker 2 (01:11:45):
The callers.

Speaker 6 (01:11:46):
First, we have Mike from New York.

Speaker 7 (01:11:47):
He's checking in whether he's actually got a couple of
different topics, including the cost of pest control.

Speaker 6 (01:11:52):
We'll let him bring up each topic a one by one. Mike,
Welcome to Florida Talk Real Estate.

Speaker 9 (01:11:58):
Hello, good morning.

Speaker 2 (01:11:59):
Are you guys? Hey?

Speaker 4 (01:12:01):
Happy belated Thanksgiving? Mike, how are you and Colleen doing great?

Speaker 9 (01:12:05):
We're doing pretty good.

Speaker 2 (01:12:07):
Thank you?

Speaker 4 (01:12:07):
Good good. Let me let me just say one thing
before you go. Did you notice that Josiah is no
longer a realtor with the company that he was with originally,
that he moved over to New Construction.

Speaker 9 (01:12:21):
I did not know that.

Speaker 4 (01:12:23):
That's why he didn't call to pee on the show.
That's where we couldn't get him on the show. Okay,
So anyway, Mike, Mike and Colleen are we're fans listening
to us from Facebook up in New York and they
ended up buying a unit single family home in Orlando.
We helped him find the agent and everything, just for

(01:12:43):
a background.

Speaker 2 (01:12:43):
Very nice.

Speaker 4 (01:12:44):
So Mike, Mike, are you still down in Florida? Are
you back up home in New York right now?

Speaker 9 (01:12:49):
In New York We're coming down in February and getting
to what you were just saying about inflation. I'm not
running the show, but the average cost of owning a
home I would say is at least between ten to
fifteen thousand, with taxes, insurances, everything else. My home in
New York and down there are starting to get to

(01:13:11):
that point. Florida is a little less here at about
ten with my taxes, cdd HOA repairs. We had to
add things even though it's new construction. Gutters, fence, et cetera.
Maybe people don't think of things like that when they're purchasing.

(01:13:31):
I just had five quick things to go over if.

Speaker 4 (01:13:34):
I should sure new homeowner, new construction, new homeowner. So
this is a new homer in Florida. So these will
be great tips for people that are thinking about doing this.

Speaker 2 (01:13:44):
Thank you, Michael.

Speaker 9 (01:13:46):
I did not realize the amount of pest control we
would need down there. We've had ground moles, we've had
red ants, et cetera. I don't know the lay of
the land down there. I did understand that we would
need pest control. Had two different companies in there, et cetera.
That was one thing I wanted to cover.

Speaker 4 (01:14:05):
Did you bring in Bill Murray for the grambles? I
hear you got a pretty good dynamite over there.

Speaker 9 (01:14:17):
And I also I had a sprinkler leak that the
irrigation leak. I'm sorry, I'm one of the main lines
going to the sprinkler control box that the builder did
not cover. That was one thing.

Speaker 4 (01:14:32):
Can you guys hear me, yeah, oh yeah, yeah, we're
here perfect.

Speaker 9 (01:14:35):
Of course I've got a call coming in right now. Unbelievable.
So that was one thing they didn't cover. So I
had that cost me three hundred and fifty dollars. The
company was fantastic. They came there three times, et cetera.
That's solid. Okay, that was so we're just we're talking
about costs of home ownership. There's one and know you're

(01:14:57):
heating and cooling system down there, very important. I know
you guys had talked about dehumidification and you didn't know
how that worked. They're down there. You would definitely need
a dehumidifier up here. You've got you need a humidifier
up north. We've they builder. The home's energy star rated.

(01:15:18):
They have a whole house dehumidifier which helps dry the
air out, which makes seventy four degrees feel a lot cooler.
That was one thing I wanted to cover, but no
know how it works. Get a company in there, you know,
check their pressures and everything. That was important. The pay
down in Florida. This is the next topic. I don't

(01:15:39):
want to jump around here. The pay down in Florida
is less than half of what I make up here.
My education, my skill set, and my experience, et cetera.
They're talking twenty five to thirty dollars an hour, and
that doesn't Are you.

Speaker 4 (01:15:58):
Union up there? He works in trades and contractors. Are
you a union member up there?

Speaker 9 (01:16:05):
I am a union member. That's correct. I realized it's
non union down there. Other than like I've seen Florida
power and light things like that, I'm looking at a
couple of different avenues. My wife makes considerably more than me.
It's not a huge concern, but I do need to work.
I'm not you know, I'm still mid fifties. You know,

(01:16:26):
I'm still like fifty three. I'll be fifty four. But
that was one thing I wanted to tell people because
they say, oh, we got all this done in Florida,
and it's like, yeah, but you got it done on
how much did you pay for labor to get things done?

Speaker 2 (01:16:42):
I know when I moved to Florida, when I got
my first job, people are like, that's a great job.
I'm like, I make eight bucks an hour, Like that's
a great job. I was like, I've made a bad choice.
I haven't made Bucks an hour since I was like ten.

Speaker 9 (01:16:57):
That was the only that was the only thing that
surprise about Florida, because we've done our homework, et cetera. Lastly,
before I get off the phone, looking on our security
cameras down there and experiencing the weather up here and
seeing what's going on in the snow. It's thirty degrees.
There's ice on my driveway. It's hard to stay here

(01:17:18):
till July. It's going to be six months of depression.

Speaker 2 (01:17:24):
You know.

Speaker 4 (01:17:26):
But it's so close and so far away.

Speaker 9 (01:17:30):
Yet, believe me, we're excited and we're going to enjoy
everything down there. We're going to see we're gonna kayak.
We've been researching everything. You know, where to see gators,
you know where you're almost guaranteed in the wild. I
don't want to go in an airboat, right, I want
to actually see one and then another and then I'll

(01:17:52):
leave you alone. But when I was down there, my
neighbor said he had rattlesnakes under his garbage pan. And
it doesn't even FaZe me, be because I said, I
know I'm going to see all kinds of wildlife. You
just have to respect it, you know.

Speaker 4 (01:18:05):
Well, down here in Boyton Beach, which is in Palm
Beach County, a few counties south of you. Right now,
they're having I don't know if they caught it yet,
but they're having a big coyote issue. When I was up,
when I was up in Tennessee, I kept reading these
articles about everybody freaking out. And this is in a
very well developed area of Pointon Beach.

Speaker 2 (01:18:24):
It isn't like pets.

Speaker 4 (01:18:26):
Yeah, it's it's it's snacked on taking up pets.

Speaker 5 (01:18:30):
I don't know there everywhere, Yeah, in every major city. A. J.

Speaker 4 (01:18:36):
Holman says that he sees them. My mom says she
sees them, and my sister who lives on Lake Warth
Road just west of the Turnpike, she says she sees them.

Speaker 3 (01:18:44):
Hear them, Yeah, I hear them them.

Speaker 4 (01:18:50):
So, yes, all the crazy critters down here, you have
to get used to down here.

Speaker 9 (01:18:56):
See, they're they're getting a little too comfortable. It sounds
like in that area like here, they would be out
in the woods, et cetera. We've got forever while behind
our homes. We've seen everything, deer, turkey, et cetera. But
they sound like they're getting very comfortable around people. When
you know, when they start eating pets and such. I
have friends that hunt and they will actually take those

(01:19:17):
down because they're they're a nuisance here, not.

Speaker 4 (01:19:19):
In these neighborhoods. If you miss, you're hitting somebody's house
or car or person, because it's that developed out here.
This is not rural at all. That's what was so
surprising about them there. And obviously they're being pushed out
of their environments.

Speaker 9 (01:19:34):
So and also too, when you're down there, make friends
with your neighbors. I've got a few great neighbors. One
even has our garage door opener. I've gotten really close
with him already. Everybody helps, you know, I mean, I
don't know. It's taken a lot, but we're just super excited.
I don't want to take up your no.

Speaker 4 (01:19:54):
I'm really happy for you. So, Michael, I'm sure I'm
going to talk to before then, but if not, I
hope you guys have a merry, merry Christmas and happy holidays. Okay,
and I'm sure I've talked to you before then.

Speaker 9 (01:20:05):
Okay, thank you so much for allowing me on the
show and to ramble on. But I had things on
a list that I wanted to cover with you.

Speaker 4 (01:20:12):
Of course I love it.

Speaker 2 (01:20:13):
It fit the conversation. We appreciate you very much and
have a have a great rest of your weekend.

Speaker 9 (01:20:18):
Yeah all right, you two guys.

Speaker 2 (01:20:19):
Okay, yeah, So.

Speaker 4 (01:20:23):
So getting back to these house bills, So let me
just throw out some of the ideas that are in
these different bills. Okay, one of them proposes the full
elimination of non school property taxes for homesteaded properties, while
preserving funding for school districts.

Speaker 2 (01:20:42):
And law enforcement.

Speaker 4 (01:20:44):
Right, so, almost all of these bills protect the schools
and law enforcement, but everything else is up for grabs. Meaning, hey,
if we cut the property taxes, some of these programs
that we're accustomed to have to go away, right, because
that's going to be the cost benefit.

Speaker 2 (01:20:59):
Right.

Speaker 4 (01:20:59):
So, maybe it means less hours I'm making up stuff,
less hours at the park, or maybe your city hall
isn't opened as long as it normally is. Remember during
COVID it was only open for like three or four
hours a day or something like that.

Speaker 2 (01:21:13):
But it's only eliminating the contribution for other aspects from
homesteaded properties. This is just homesteaded gotch you You're still
going to contribute to education, law enforcement. If you're homesteaded,
but all other aspects will only be put into the
kitty from non homesteaded properties.

Speaker 4 (01:21:34):
Right, Okay, Now, next one is implement a gradual phase out,
increasing the homestead exemption by one hundred thousand annually over
ten years. And this is for all properties, not just
regular Well I guess it has to be for homesteaded, right,

(01:21:56):
but it's so that's kind of interesting where you kind
to phase it in over time.

Speaker 2 (01:22:01):
Well, that's that's kind of that's where I've been the
path I've been on.

Speaker 4 (01:22:04):
And one hundred thousand is a pretty significant chunk at
a time. Right, probably by the time you hit year five,
probably year four, you're down to zero, because the average
home in Pombach County, let's say, is six hundred and fifty. Right,
you're already getting if you're if you're homestead you're already

(01:22:24):
getting exemptions. So one hundred thousand extra year probably in
four years, you're down to zero.

Speaker 2 (01:22:30):
Right.

Speaker 4 (01:22:31):
The next one is targeting sixty five homeowners sixty five
and older, exempting them from non school property taxes and
preserving law enforcement. So everybody at sixty five that's homesteaded,
they don't pay property taxes.

Speaker 2 (01:22:47):
Up for school in law enforcement. Okay.

Speaker 4 (01:22:51):
Next one is homestead exemption for non school levies equal
to twenty five percent of the assessment value. Blah blah blah.
It's too much math for me a lot. Okay, let's see.
Here's another bill where it says it focuses on homesteads
with property insurance, so increasing exemptions of one hundred thousand

(01:23:16):
dollars by one hundred thousand dollars if you have property insurance.
So if you're homesteaded and you have property insurance, you
get one hundred thousand dollars exemption, which is to offset
the insurance. It's offset the property taxes to help pay
for the insurance. I'm not saying that's a good thing.
I'm not saying any of these are good about it.

Speaker 2 (01:23:37):
It's just a differ.

Speaker 4 (01:23:38):
I just thought it's interesting all these ideas. Another one
says caps all property assessment increases by three percent per
year or based on the consumer price in decks, which
we just talked about that report we just talked about.
But this is for everybody. It doesn't just for homestead
of people. It's going to cap everybody at three percent.

Speaker 2 (01:24:00):
And then.

Speaker 4 (01:24:02):
Yeah, for sure, and then another one is revises our
save our homes portability benefits for newly married couples. I
don't know what that means. It just says, revires our
save our homes portability benefits for newly married couples. I
don't know what that means. Okay, now here's some other

(01:24:25):
ideas that I thought are interesting. This is the one
about the seniors where they said, uh, this one is
being done by a rep down in Uh.

Speaker 2 (01:24:37):
Where is he? I don't know.

Speaker 4 (01:24:40):
Which area of Florida is in. I'm sorry. It doesn't
say it just says he's a represented wan carlos Porus
who said we have to trust in our elected leaders
that they need to prioritize the needs and not just
the wants. That is public education, law enforcement, and firefighters.
And when what they're saying is we can't just cut

(01:25:01):
the property taxes across the board like everybody's talking about,
because we got to pay for some services are too important.
But we need to help out those that are most
in need. And right now, he believes that most in
need are the seniors which working day to day and
working with these older condos and people on a fixed budget.
These seniors, some of these seniors are at risk like

(01:25:24):
that Michelle lady who lost her home. That is a
very common thing and it's very scary for these seniors
to be in that situation. Yeah, anything we can do
to help the seniors. If we're going to help somebody,
it got to be the seniors.

Speaker 2 (01:25:37):
Or the kids.

Speaker 4 (01:25:38):
Yeah.

Speaker 3 (01:25:38):
I think it makes sense for if you're retired, sixty
or sixty five and over or sixty whatever, sixty right
right right, you no longer property taxes, right?

Speaker 4 (01:25:48):
Or maybe that maybe maybe it would be that if
you paid property taxes for X amount of years. Let's
say you bought the home this year and you're sixty five,
maybe you should have to pay property taxes for a
couple of years to buy into the system, and then
at a certain time that you've owned the unit, it

(01:26:09):
gets exempted or something.

Speaker 2 (01:26:11):
I don't know. I'm just throwing out.

Speaker 4 (01:26:12):
Ideas because we've got to pay for stuff, because if
we took out all the property taxes, it's eighteen point
five billion dollars that we got to come up with
in different ways, I don't think.

Speaker 2 (01:26:23):
And this is look, I'm not an investor, so I
should put that out there first and foremost. But I
don't think investment property should be completely void of property taxes.
Now here's why, because it's not just mom pause. There's
too many big conglomerates that buy up neighborhoods and massive
amounts of residential property. They should fork much of that bill.

Speaker 4 (01:26:45):
Personally, I agree that if you're doing it as a
business or you're doing it for profit, that you know
that's part of you doing your cost of doing business.

Speaker 3 (01:26:54):
And aren't you also paying your sales tax and additional
tax and all that too.

Speaker 2 (01:27:00):
You're in quote unquote income.

Speaker 4 (01:27:01):
Yeah, but at the same time, if we're I don't
see how that's gonna help affordability. I think that's going
to increase prices because if they're getting more and more breaks,
that the investors get more and more breaks, it's gonna
lift the property values. They're gonna go well up. Well,
So I feel like you have to do something, and
I know that investors.

Speaker 2 (01:27:21):
It's got to be breaks in the system somewhere. Yeah,
otherwise all the big big pockets state there.

Speaker 4 (01:27:26):
And it's easy for me as a realtor who used
to be a full time investors, like, yeah, give them
the money, give them the money, but you know, We've
got to be responsible or we're gonna be I don't
want us to turn into the forty ninth worst education
system in the country. But I think we're like thirty
eighth r now, but I want to be forty ninth,
you know what I mean. And we need money to
do to handle the stuff we need to do so,

(01:27:49):
and we're the third most We're the third most populous
state in the country. It isn't like we're a little
dinky state with hardly any residents. We're a big one, right,
so it really matters. There's this thing I read on
Fox News where Republicans are getting serious on housing crisis,
and I was like, oh, how are they doing that?

Speaker 2 (01:28:08):
Right?

Speaker 4 (01:28:08):
So that's interested, like, like what are their ideas well?
What they're doing is there. Have you ever heard of
this guy, Benny Johnson. No, I've heard the name, have you?
I haven't heard of him. So anyway, he's an influencer.
He's got like four million followers, and he's a younger guy.

Speaker 2 (01:28:25):
He's maybe I have read articles with his name about it.
That's what it is.

Speaker 4 (01:28:28):
So he's a younger guy, he's in his early thirties.
He's a young father, husband, and father, and apparently he's
really big in the social influencing for the Republicans and
their log He's been talking about affordability for a long
time on his podcast and his shows. So they're joining forces.
The Republicans are joining forces with him to get out

(01:28:49):
the word about different ideas to make affordability. So I
was like, well, what are his ideas. That's kind of interesting.
Let's just see, because I think that we should be
listening to everybody's ideas and take the best of the best. Absolutely,
So what he came out with there is one thing
I thought that I thought would be really interesting and

(01:29:11):
Jimmy and Johnny, I would really be interested to see
what you think you've heard of health savings accounts before?

Speaker 2 (01:29:17):
Right, one that's tax free contribution into an account that
you can utilize for medical expenses.

Speaker 5 (01:29:25):
There's some exemptions, but now they want to talk about
cold punge with it.

Speaker 2 (01:29:29):
There's not a ton of exempt but like you can't
buy some over the counter stuff with it, stuff like that.
I know you can't buy weed with it, but a
lot of medical expenses.

Speaker 4 (01:29:39):
Well, now they're thinking about a home SEF.

Speaker 2 (01:29:42):
Account, cannabis, medical cannabis.

Speaker 4 (01:29:44):
Well, now they're thinking about a home savings account. I
love that idea because that's making the potential buyer get
invested in the idea. They're buying into the system saying Okay,
I want to buy a house, and I can get
tax deferment on this money so that I don't have
to pay taxes for the money i'm saving. The number

(01:30:04):
one reason that we have forty year old average forty
years old is the first time home buyer in today's
market is not because of the mortgage payment necessarily, it's
the down payment is what's killing everybody to buy the home.
A lot of people say I can afford twenty two
hundred dollars a month for rent. I'm just making up.

(01:30:25):
I could afford a mortgage payment of twenty two hundred
I'm paying that now, sure, but I don't got eighteen
thousand or thirty two thousand or whatever it is to
come up with in order to buy the home. Right So,
they could afford the mortgage payment, but they can't afford
the down payment. This way they get tax to firm
and an incentive to start throwing the money in the

(01:30:46):
bank to save. I think that would be a really
good idea. I mean, I haven't thought it out. I'm
not one hundred percent into it, but I think it's
a better one of the better ideas that are floating
out from this group of people thrown out. What do
you guys think about that? Do you think that would
be a good thing?

Speaker 2 (01:31:02):
Yeah?

Speaker 6 (01:31:02):
Yeah, I mean you're creating.

Speaker 7 (01:31:05):
The ability to have a savings because that's basically all
it is, a savings acount. But you're able to put
that money in pre tax. I think that's the big
key there, at least that's what jumps out at me. Yeah,
I mean, I don't think it's enough to change anything though.

Speaker 2 (01:31:19):
So I mean, if you're.

Speaker 3 (01:31:23):
If if you're struggling with the down payment, it probably
means that you're in the lowest tax bracket or one
of the lower ones. So your tax saved, Like you
put one thousand dollars a year away, you know, I
don't what is your tax?

Speaker 2 (01:31:40):
Do you have a huge tax benefit from that? You know?

Speaker 3 (01:31:43):
Because that's really what your your benefit is is you
don't have to pay taxes on that income.

Speaker 4 (01:31:49):
Right, and you can make and like with the health
savings account, there's a cap that you can put in
every year, right, and if you max out that cap.
You don't have to pay any taxes on.

Speaker 2 (01:31:59):
That thing for people to struggle to save. I don't
think that little bit of I don't have to pay
taxes on this to say that, I don't think that
changes anything.

Speaker 4 (01:32:07):
First, I don't think it's going to be a light switch,
you know what I mean, Like it goes from darkness
to full light and everybody's running around to I don't
even know I think it will help. You don't think so,
I don't.

Speaker 2 (01:32:18):
I just don't think that's enough to make people go, Okay,
well now I can save it.

Speaker 4 (01:32:21):
Well, you know what, and you might be one hundred
percent right. What I'd like to know is, uh is
how much? How many? What percentage people use in the
health savings account? Right, so, let's say eight percent of
the people are using that right now, just making it up,
that'll probably give you a kind of an idea of
what people would probably use for the housing. You know,

(01:32:41):
what percentage of the people would actually take advantage of it?

Speaker 2 (01:32:44):
Right?

Speaker 7 (01:32:45):
Well, then to me, oh no, go no, go ahead, Well,
my only thing is you got to let people know.
I mean, that's the first first thing. If you don't
even know this exists, you're not going to do it.
And then second you know so a lot of times
that's employer based, right. So when I was working for
a particular company, they had a health saving and they
also contributed to the health savings account. That's the only

(01:33:05):
reason why I knew about it if it wasn't for that. Now,
do a lot of banks out there offer it just
as is?

Speaker 6 (01:33:11):
Sure it's out there, but if you don't know, if
you don't know about it, And then I think the.

Speaker 7 (01:33:15):
Other thing too, if they're going to do that, they
ought to allow you to be able to invest that money,
and I had that.

Speaker 4 (01:33:21):
Into allow you to do that with SA they don't.

Speaker 5 (01:33:24):
Yeah, So would I ra a short term I ray
for your home?

Speaker 4 (01:33:30):
Yeah?

Speaker 3 (01:33:30):
Right, because then you get it'll grow tax free and
then when you now when you take it out, you
have to pay taxes on it.

Speaker 4 (01:33:39):
I have to ask jar from Jared Perry's CPR.

Speaker 2 (01:33:42):
That's the way that a question, the way it's built.
The way it's built, it would make sense. The answer
would be no, unless you don't use it towards the
purchase of a home.

Speaker 4 (01:33:53):
I think that's the way it works, Johnny.

Speaker 2 (01:33:55):
But that's the way it should make it the most benefit.

Speaker 4 (01:34:01):
I feel like I feel like, you know, there's a
bunch of ideas out there. We're going to see how
all that goes as far as affordability. Now there's some
more reports. I'm reading these headlines over and over and
over again. Foreclosure rates double triple, you know, for cover rage,

(01:34:22):
foreclosure rates across the country doubling, tripling.

Speaker 2 (01:34:25):
Blah blah blah.

Speaker 4 (01:34:26):
And I'm not saying that that's not true. But remember
we've been talking about this for more than a year,
probably two years, where we started looking at how many
foreclosures and short sales were either sold that month or
on the market that month, and we have seen them quadruple.
But we went from like a half a percent to
one and a half percent of the total market, and

(01:34:48):
one to three percent is the normal foreclosure rate.

Speaker 2 (01:34:51):
Now we're getting to normal.

Speaker 4 (01:34:52):
So we're getting to normal.

Speaker 2 (01:34:54):
But not surprising though, because in the last couple of
months we've talked about what fourteen year high on auto repossessions.
There's been a lot of articles that credit card debt
to a credit card debt was over a trillion right
collectively in the nation.

Speaker 4 (01:35:08):
And our student loan debts coming back to hantus again
because we have more restrictions on student loan programs than
we've ever had.

Speaker 2 (01:35:17):
In a few years, I've been reading more and more
about people having their power turned off.

Speaker 4 (01:35:22):
Yes, more powers being turned off and getting back to
student loan. I just want to do a quick shout
out about this. The I forget what it's called id
R repayment plan something income debt repayment plan, Right, that's
what we're using to help our people with student loan

(01:35:43):
debt out here. It's based on your ability to pay,
not what you owe. It's called an income debt Repayment plan.
They the federal government has opened that back up again
where it's turned on. It was dormant for a little while,
and it's turned back on again. So anybody that's in
that program call or call us in order to make

(01:36:05):
sure that you're back in the program and doing.

Speaker 2 (01:36:07):
Everything you're supposed to be doing. You gotta go through.

Speaker 4 (01:36:09):
Yeah, you got to go through the law office of Polycrascar.
We just had a guy named Jerry came to us
from Jarrett Perry's group whose daughter had major, major medical
medical school bills and then she decided not to become
a physician. And the father was on the hook for
the money, I think, and we got him over to Jarrett.

(01:36:30):
I haven't called him because it was right before the holidays,
but I heard they got great results, so I'm going
to be talking to him. Glad to hear that now transitioned.
When you look at the foreclosure rates for different types
of loans, FAHA is always higher than all the other
types of loans out there for foreclosure rates. Part of

(01:36:53):
it's because they put the minimum amount down three and
a half percent down, no skin in the game, of
low skin in the game, paying mortgage insurance, and that's
why you're paying mortgage insurance that is like twelve times
higher right now than what all the other loans like
VA loans or a fraction of what FAHA foreclosures are.

Speaker 2 (01:37:17):
In VA loans are zero percent down. Because it's the
benefit earned, not because there's like that. This is for
this is for people that struggle to afford it, and
it's just a benefit that has been earned by your veterans,
deserved and thank you for your service.

Speaker 4 (01:37:30):
Yep. Absolutely, so we are seeing the foreclosure rates starting
to come up, so that actually is happening. Whether you
want to like that report or not like that report.
That's just the way it is. Yahoo came out. But
getting to normal, Yes, we're getting back to normal right now.
Here's another thing. More than half of us homes lost

(01:37:54):
value in the past year, more than half. Now, that
doesn't mean they're upside down. It just means that it
used to be worth four hundred, then it shot up
to six hundred, and now it's worth five seventy five.

Speaker 2 (01:38:05):
Well, what that tells you is what the homes in
your neighborhood have been selling for in the last year.
And evidently they've been selling for a little bit less
in the last year. So your home's worth a little
bit less in the last year.

Speaker 4 (01:38:16):
It's worth a little bit less. But it doesn't matter
if you don't sell at that time. And that's what
people get depressed about when it shouldn't matter.

Speaker 2 (01:38:23):
You know what it matters when you're tapping into or
selling your home.

Speaker 4 (01:38:27):
Right and unless as long as you could afford your
mortgage payment, you got a locked in mortgage rate, you're good.
Property values drop not a big deal. It really is
a big deal. Stuff goes up and down. You don't
go crazy when your stock, you know, loses you know,
the stock is one hundred and twenty three dollars the
stock and it goes down to one hundred and nineteen,

(01:38:48):
you don't lose your religion and just go sell the
stock necessarily because it's down a little bit at that moment.

Speaker 2 (01:38:54):
Right right now, what happens to be your plan was
to sell that stock right then, Unfortunately you're taking a
little bit of America.

Speaker 4 (01:39:01):
Yeah, if you have to sell it at that moment,
that's the people, But that's a very small segment of
the people. So everybody reads us headlines and they go, oh,
my god, my house value has gone down. Well, only
if you sell it or if you refi it, it's it.
If not cares, you shouldn't care.

Speaker 5 (01:39:17):
I know, if you're paying rent, would you care if
the house you were living in went up or down?

Speaker 4 (01:39:21):
Exactly right, exactly, So that's really important to kind of
think of now. Of course, where are the big metro
areas where we're seeing most of that loss. Orlando, Jacksonville, Tampa, Austin,
San Antonio, Dallas, Phoenix, Las Vegas is dying.

Speaker 2 (01:39:43):
There's so much building happening in that area. To see
that the values are coming down, it's very surprising.

Speaker 4 (01:39:50):
Time I feel like it's because new construction is stripping
out the resell.

Speaker 2 (01:39:54):
Do you think it's a cause and effect?

Speaker 4 (01:39:56):
I really do think in that particular era, because Orlando
is still one of the stronger spots of Florida for
buying and selling right now, so much popping up.

Speaker 3 (01:40:05):
But yeah, they're also building a lot of like apartment complexes. Yes,
you know, so that's not home ownership. No, they're doing They're.

Speaker 4 (01:40:14):
Doing a lot locally. I have somebody that works for
a whole bunch of the new construction companies, the big ones,
and they just found out. So I'm not going to
tell you which developer it is because I don't want
to beat up anybody, right, sense, right, But it's a well,
very well known developer in Florida that also covers other

(01:40:37):
parts of the country.

Speaker 2 (01:40:38):
It's a big one, Okay.

Speaker 4 (01:40:41):
So they probably have six or seven developments going on
right now in the South Florida area. They just did
a projection of how many homes they're going to sell
between right now and May, because May is the end
of their fiscal year for this company. Now, how many
homes in just in Florida here? How many homes do

(01:41:01):
you think they're budgeting that they're going to close on
between now and May.

Speaker 2 (01:41:07):
Did we do this last time?

Speaker 5 (01:41:09):
I'm bigger the development.

Speaker 4 (01:41:10):
I wouldn't even let's just say it isn't this company,
but let's say it's d R. Horton and they got
seven developments in Florida.

Speaker 3 (01:41:18):
I'm just saying, right, I'm just saying, like, how many
houses are are they planning on?

Speaker 2 (01:41:23):
Bill?

Speaker 4 (01:41:24):
I'm not saying any of that. It's just a big developer.
Let's just other one thousand, three thousand.

Speaker 6 (01:41:31):
Much higher than that, like ten or something ten thousand.

Speaker 4 (01:41:33):
Yeah, I know, I'm not giving you a seven hundred
and fifty six, one hundred and fifty six. I think
between now and May, they're going to close on one
hundred and fifty six homes.

Speaker 3 (01:41:42):
In six developments. That was sixty seven development. It's only
twenty hundreds budget.

Speaker 4 (01:41:47):
That's their budget for the rest of the year. That's
how bad things are getting for new construction. Wow, okay,
new construction is not a hi point. Yeah, new construction
is not on fire anymore. Even they're outstripping the resales
because they're getting cheaper. You can get a brand, brand
new home. Jimmy went through this but a lot of

(01:42:08):
people are going through. You can get the brand new
home and saved so much on your just just your
property insurance that it makes you It makes the mortgage
payment the same.

Speaker 2 (01:42:19):
Your mortgage payment's pretty cheap too. Yeah.

Speaker 4 (01:42:22):
Yeah, I want to talk about that in a second.

Speaker 7 (01:42:24):
And again, is this a supplying demand issue where the
supply has gone up so much with the demand being
where it is, and of course that's going to bring
prices the supply.

Speaker 4 (01:42:33):
The supply has gone up because the demand slowed down
so fast. So it wasn't like they were really overbuilding.
They were building kind of average and then everybody just
pulled out and they got caught right.

Speaker 2 (01:42:47):
So it's interesting to say the demand fell out. The
demand exists, it just we can't step in at the
price point. The problem we have is people are one
hundred thousand dollars cheap. They're all sold. Tell all of
them what.

Speaker 4 (01:43:01):
The demand is. The problem is not inventory, it's matching
the people that want to buy with the type of
house that you can afford. There's a big disconnect between
that right now. And you know what I think is
going to be the trend three D printed houses. I
don't I'm going to start doing research dat and find out, yeah,
you're a container. But three D printed houses that could

(01:43:25):
I just.

Speaker 5 (01:43:27):
Yesterday. Yeah some of them can you are pretty sweet?

Speaker 2 (01:43:31):
Yeah? Cheap?

Speaker 4 (01:43:32):
Yeah, very cheap they are. But I think the three
D printed houses are going to actually give you even
better quality and lasts longer. I'm not positive. So I
really think like the technology of building homes is going
to change, and that's going to help with the affordability.
That's what I think is going to happen. I think
that's the way they solve the problem. Some of the

(01:43:52):
other ideas that that Republican influencer had was smaller homes.

Speaker 2 (01:43:56):
The cause and effect of that is tremendous, though, because
think of all the skill, old craftsmanship and trade like
aspect that really gets hatcheted if the industry shifts more
that way. Yeah, man, that's tough.

Speaker 4 (01:44:10):
Yeah, there's truth to that. But you still need from
at least today's technology, still need electricians and plumbers to
come in.

Speaker 2 (01:44:17):
After that, they'll still be a marketplace for you know,
actual constructed homes that'll still exist.

Speaker 4 (01:44:24):
Yeah, some people are going to build that way, but
I think for affordability, that's where you can make things
more affordable. I believe in the long run, so I
think there'll be a lot of changes going through there.
And I wanted to talk about property taxes one more time.
I was talking to somebody who called me up to
do a who wanted to buy down here. And they're

(01:44:47):
from out of state. They're from Pennsylvania and they have
a relative that wants that lives in Orlando or already
and they're thinking of moving to Orlando. I'm like, no problem,
we got you set up for sure.

Speaker 2 (01:44:57):
Sure.

Speaker 4 (01:44:58):
But here's the thing. She goes, I don't want to
buy new construction. I go why she goes because my
cousin who bought new construction, their mortgage payment was way
higher than what they were told. And I was like,
that's because you went directly to developer. You had a
salesperson from the sales office talk to you, You were

(01:45:20):
using the developers financing, and nobody taught you what you
need to know. They just wanted you to close the
deal and they didn't care about you. And I hate
to say that, but it's true. So the thing is
is what you got to know, is what I explained
to them, is that she goes, well, there's no way
to protict what your mortgage payment is going to be
after you buy the house, and I go, that's not

(01:45:42):
true at all. There's all these calculators on the government websites,
and we walk you through and teach you how to
use those calculators to find out what your future payment's
going to be so you don't get screwed over. There's
so many people on fixed incomes that are going through this,
that are moving from out of state. The villages, the
headlines in the villagers are going crazy right now. That

(01:46:02):
whole community is having a lot of problems.

Speaker 2 (01:46:05):
A lot of.

Speaker 4 (01:46:08):
Yeah, yeah, exactly right, they're clapping. But those communities, a
lot of people are stunned that their original mortgage payment
that they budgeted when they bought their new construction home
is not the same as nine months later when they
get their new tax bill and their payment goes up
because the taxes have changed.

Speaker 6 (01:46:28):
Right, and it's going to be my guess, it was
property tax.

Speaker 4 (01:46:32):
And the whole thing is is the property taxes. When
you buy a new construction home, if it already isn't
built and assessed, is a new construction home already and
it just looks as a piece of vacant land. They're
basing your mortgage payment on what that tax is for
just vacant land. But when you move into that house,
it's going to be assessed with the property on it,

(01:46:53):
and it's going to go up a lot higher. And
you can figure out that number before you end up buying,
but you have to have somebody that's got your back
to do that. So when I told the person about that,
they're like, oh, maybe I do, And they go, well,
I still want to buy reselling. I go, you can
go ahead and do that, but your tax bill might
be I mean, your insurance bill might be a difference

(01:47:16):
of under two under two thousand dollars for a brand
new construction versus five thousand dollars for resell. And they're
like what. And I'm like, yeah, you need to.

Speaker 2 (01:47:27):
Talk to me.

Speaker 4 (01:47:28):
We'll figure it all out for you. So there's a
lot of misconception out there about the understanding your budgeting,
which is also an affordability issue for people, which.

Speaker 2 (01:47:38):
Is one of the main reasons that you have to
go to people that are great at what they do.

Speaker 4 (01:47:43):
Jim, you think that's the way it is.

Speaker 2 (01:47:46):
Yes, you're really scratching in on the point I try
to make all the time. And you know you brought
up talking about that.

Speaker 7 (01:47:54):
You know the mortgage calculators out there that exist, but
if you deal with us, you get even a one
that Mike has set up and he'll work with you
on that too.

Speaker 6 (01:48:04):
You can learn what your numbers are, know your numbers.

Speaker 4 (01:48:09):
Your numbers meaning Jimmy's numbers or Ross's numbers umbers.

Speaker 2 (01:48:14):
How close were the dollars that you were planning when
it settled in, when your taxes adjusted, when you.

Speaker 7 (01:48:20):
Right on, right on the money on the penny, uh
something within yeah, matter of fact, it was. It was
slightly lower than exactly what we thought. It was within
one hundred dollars that we kind of knew what we
were going into, So I mean it was.

Speaker 2 (01:48:41):
It was right on.

Speaker 7 (01:48:42):
And again another factor for us was portability. Unfortunately, if
you're out of state, you don't get that.

Speaker 4 (01:48:48):
You don't get.

Speaker 2 (01:48:50):
But if you are within in.

Speaker 7 (01:48:51):
State and you don't know what portability is, give us
a call because we have the people that can explain
it to you, and it is a big money saver.

Speaker 4 (01:49:00):
Huge supportability is huge.

Speaker 2 (01:49:02):
It's huge.

Speaker 4 (01:49:03):
So let's go ahead and do it one more time.

Speaker 2 (01:49:06):
We don't do it right now to even though even
though we still got like a couple more minutes. Sure, yeah,
can you do it with us?

Speaker 6 (01:49:13):
Okay, all right, just wait about seven more seconds here, so.

Speaker 2 (01:49:19):
Close enough.

Speaker 6 (01:49:20):
Okay now I'm ready one two.

Speaker 2 (01:49:24):
See, it's better when Jimmy does it. I do it
the whole time. Thank you.

Speaker 4 (01:49:32):
I hope you guys have a really, really really good weekend.

Speaker 2 (01:49:35):
Yeah, and I hope you do as well. Good to
have you back and all recharge ross enjoy your weekend.
I hope you enjoy the game today, Thank you.

Speaker 5 (01:49:44):
I hope you do too.

Speaker 2 (01:49:45):
I mean, it's it's just for entertainment purposes only. Maybe
maybe they'll end the tie. That would be the best thing.

Speaker 6 (01:49:52):
You know what, at this point, I guess you know
it's funny too.

Speaker 5 (01:49:56):
I don't think you could happened in college.

Speaker 6 (01:49:59):
Did you know we didn't get one preemption this year?

Speaker 4 (01:50:03):
That's right, we didn't get one preemption the whole year.
Is this the last game of the year for.

Speaker 6 (01:50:07):
The last game of the year.

Speaker 2 (01:50:08):
Yeah, and they won't be going bowling, So last game.
Go Gators, Go Gators. We are home of Florida Gator football.
Remember that pregame starts at one thirty four to thirty
kick it's Noles and Gators. It doesn't get a whole
lot better in the state than that. There's knes Fans
going we kicked both ears. It's like, you know what,
We're not even concerned with you at this point. It's
about us today. How about the A and m huh

(01:50:30):
that's that was rough? Yes, lost one of Texas. Dude,
they just can't get into the SEC. Title, just can't
get into the SEC. Enjoyed the college football stick around
that that that pregame shows at one thirty Today. I
do have time to tell you though, that it's all
about Florida Talk real Estate dot com, the one stop
real estate shop. We're talking about pros, pros experts in

(01:50:51):
their field and they work cohesively together. If you have
experienced it before, you know what I'm talking about. If
you haven't and you're looking to buy a home, sell
a home, you're still with a home, you don't know
what to do. You need professional guidance in some aspect
in the world of real estate, even down to student
loan debt. Boy, we got you, and I'm telling you
with the best of the best. One click away Florida
Talkrealestate dot com. Know what, use it, love it, share it.

(01:51:14):
You can change lives, including your very own with the
pros pros of Florida Talkreestate dot com. Jim Depola with
the Florida Home Pros team, have great weekend, Happy South Florida,
Roskameron nets Bright when shurreans you know beach have an
awesome weekend. I plan on it. I love that. And
Jimmathy thanks for everything always my dude, Thank.

Speaker 6 (01:51:30):
You, Johnny Jim Ross, have a great weekend, gentlemen, and Ben.

Speaker 4 (01:51:33):
Thank you too.

Speaker 2 (01:51:34):
Yes, thank you very much for being with us on
a Saturday. Uh. The fact that you stream with us
on Facebook or YouTube, listen on the old radio, maybe
on the app. Thanks for making us a part of
your Saturday. And if you do consume it later maybe
you're doing this not on a Saturday, but like on
a mid week sometime. Thanks for doing that too. Yes, yeah,
share away if you're on Facebook, and thank you for

(01:51:56):
being a cool part of the show. I hope you
had a nice Thanksgiving. We'll see an Saturday Florida Talk
real Estate right here on Real Radio.