September 15, 2025 • 32 mins
Hour 2- Chris is getting into the perfect salary, what you can afford on your salary, and California homes are going up. It's all on KFIAM-640!
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Speaker 1 (00:00):
You're listening to KFI AM six forty on demand.
Speaker 2 (00:08):
Chris Merril can't I am six forty more stimulating talk.
Always an honor to spend the time with you, So
thank you for you know, letting me be a part
of the fun group. Here's a pretty dynamite something very
interesting happened. So the country has been pushing really hard,
(00:29):
whether it was Biden with a Chips act or Trump
with pushing for AI stuff, the country has been pushing
really hard to stay as a front runner on technological advancements.
There are some distinct advantages to this, and there are
some actual disadvantages to being a front runner too advantageous.
(00:51):
If you're there first, you're the go to. Everybody looks
to you. The technology goes through you. That means all
the money associated with the technology goes through your country.
There's no doubt that that it is a big boom
early on in the development of advancing technology. The flip
side is your technology also ages faster. And the example
(01:15):
I have is we were early on when it came
to the adoption of the Internet, the United States was
I mean, we're the most forward thinking country in the world,
so we're way ahead and then all of a sudden,
about fifteen years ago or so, they started doing studies
about who has access to high speed internet and who doesn't,
(01:36):
and the United States has fallen way back. We had
fallen way back because when we put in a good
deal of the infrastructure, we put an infrastructure that was
top of the line for that moment, and then the
other countries that were lagging behind started updating their infrastructure
with what was top of the line at the next moment,
and suddenly they were faster. It's kind of like when
(01:56):
your parents remodeled the house and they put in all
that top of the line linoleum and popcorn ceilings, and
that's what everybody was doing at the time, and your parents,
of course, have never remodeled since, and you walk in
there and it feels like you're going into an ancient.
Speaker 3 (02:12):
Outdated home. Right.
Speaker 2 (02:14):
So similarly, when you get ahead on the technology, you
can sometimes get too far ahead when it comes to AI.
I don't know if that's necessarily going to be the
case when it comes to because AI isn't a function
of the infrastructure, although it could be if we start
talking about data centers and water reclamation and blah blah, blah,
But I'm not going to get down there. Instead, what
I want to do is I want to focus on
(02:35):
the money that we're putting into the chips. So the
pandemic comes around, and as you well know, supply chain
issues made the cost of electronics go through the roof,
and also the cost of getting parts for repairing electronics
became very challenging, and all of a sudden we went, Wow,
(02:56):
we got a real issue in this country, and that
is that we're not making enough of our own electronics.
So the big emphasis is how do we make sure
that we can on shore all of these these devices
and their components. And so the Chips Act comes along
one it was. It was done as we were pushing
(03:16):
through all of the other major legislation that was supposed
to infuse the economy to make sure we didn't go
into a recession.
Speaker 3 (03:22):
Some say we went too far on that. The other
thing Biden.
Speaker 2 (03:25):
Made this, like you know, a key piece of his
of his presidency, the Chipsack. That meant billions of dollars
for Intel, for TSMC, which is the Taiwan Semiconductor Corporation,
money for a MD for Nvidia, tax breaks for other
places that were you know, going to advance that technology
(03:45):
to the benefit of the United States staying on top. Well,
Trump has picked up that same mantle and he has
taken what the Chips Act was giving Intel and he
has turbo charged it by actually making the country buy
part of Intel, the makers of the the chips that
(04:09):
run your computers. See Intel used to be top of
the line. Remember when they had the Pentium Maybe.
Speaker 3 (04:16):
It's got a pennyum inside. Who smoking fast?
Speaker 2 (04:21):
They still have, in my opinion, the best chips for
your for your desktop and for your laptops. I've been
buying Intel's for a number of years. I used to
use some of the other brands, the AMD chips, and
there were a few others along the way I've used those.
Intel was always superior. Although AMD has caught up and
they're doing a really great job now. But where Intel
went wrong is they completely fell behind and did a
(04:44):
terrible job of creating anything that goes into your cell phone.
And they are not even close when it comes to AI.
So while my computer may have an Intel processor in
it might have an Intel based chips on the motherboards,
on the on the bluetooths, on the Wi fis.
Speaker 3 (05:03):
All that other stuff.
Speaker 2 (05:04):
When it comes to my cell phone, that's not it,
that's TSMC, that's Qualcom, that's Apple.
Speaker 3 (05:10):
They're making the chips for the phones.
Speaker 2 (05:12):
When it comes to AI, it's Nvidia, right, and and
Intel has fallen behind. So Intel's falling on some hard times.
They need an infusion. Trump says, this is an American company,
This is gonna be great. Let's let's uh, let's give
them some more money. But they have to give us
something in return. In other words, the United States just
bought ten percent of Intel. The US government is now
(05:39):
the largest shareholder of Intel. President Trump is from Fox News.
Speaker 4 (05:44):
By the way, i'steing to deal with Intel having the
federal government take a ten percent stake in the company.
Speaker 5 (05:49):
Listen, Okay, if we had a president that would have said, okay,
you can go to Taiwan, but we're gonna put a
one hundred per terra for a two hundred or three
hundred or five hundred percent tarraff. Anybody that's into the
United States.
Speaker 3 (06:01):
Have to pay. They wouldn't have left.
Speaker 5 (06:02):
They ended up giving US ten billion dollars with the
United States.
Speaker 6 (06:05):
So we picked up ten billion, and we do a
lot of deals like that. I'll do more of them.
Speaker 4 (06:10):
But some are hitting back at the president's choice, with
GP Senator Ram Paul calling this a step towards socialism
and a terrible idea.
Speaker 1 (06:19):
Here it's hard to argue.
Speaker 3 (06:20):
And then all of a sudden, my audio skips. I
don't know why.
Speaker 2 (06:23):
Bad edit, bad computer, Probably that Intel chip, but anyway,
just skips ahead to who they're interviewing, and I apologize
for the terrible edit. Honestly, god, I didn't find it
until I was sweeping the the audio before the show started.
Speaker 7 (06:37):
It's hard to argue with free ten billion dollars, and
it's hard to argue with all of the money that
President Trump has been luring into this country.
Speaker 8 (06:44):
But the truth is, if.
Speaker 7 (06:46):
You are a free market capitalist, you do not want
government investing in public companies.
Speaker 2 (06:52):
Whoa wait a minute, You got Republicans saying the government
should not be investing in public companies.
Speaker 3 (07:00):
Oh, but that's just what Trump did.
Speaker 7 (07:02):
It introduces political influence. It may prioritize government goals as
opposed to profit maximization.
Speaker 8 (07:12):
It could create an.
Speaker 7 (07:13):
Unfair advantage for other companies that are in the sector.
Is government going to treat that company better than another company?
Is there going to be an unfair advantage for the
other companies within the space. It undermines a private sector
economy and the competitiveness to a private sector.
Speaker 3 (07:33):
All right, So that's from Fox.
Speaker 2 (07:36):
So you have Republicans that are saying this is a
bad idea because now the government is incentivized to make
sure that Intel does well, because the better Intel does,
the better the government does, because we now have a
stake a share in it. We've got a ten billion
dollars worth in Intel now. So if the government then
is let's say, making a giant order for l phones
(08:03):
and Intel is putting out a new chip that can
be used in cell phones, are we likely to.
Speaker 3 (08:09):
Favor that?
Speaker 2 (08:12):
I mean, it would be kind of dumb, Not too,
wouldn't it. It'd be really dumb if the government is
getting ready to replace all of the computers.
Speaker 3 (08:22):
Of the DoD.
Speaker 2 (08:23):
Just hypothetically speaking, we're going to replace all the computers
of the DoD, All right, cool, What should we get?
Speaker 3 (08:29):
Should we get Apple?
Speaker 2 (08:32):
Should we get these computers that are using AMD chips,
or should we buy all computers that have only Intel chips?
I mean, it's a massive purchase that's going to be
very beneficial to one company. It would be stupid, frankly,
I mean, it would be an absolute brainless move to
not invest in the Intel computers. You wouldn't buy stock
(08:57):
in Ford and then only buy Cheves, right, You wouldn't
do it.
Speaker 3 (09:01):
It doesn't make any sense.
Speaker 2 (09:03):
But then if you are AMD, you're going hold on,
what did we do wrong? And if you're the federal government,
are you even looking for the best deal when the
whole point is to make sure you're reinvesting in your
own investments? Okay, I am six forty live everywhere on
the iHeartRadio app. Chris merril k, I am six forty
(09:24):
more stimulating talk on demand anytime on your iHeartRadio app.
So for months, the President has been saying that the
Federal Reserve needs to drop interest rates.
Speaker 3 (09:37):
Drop those rates, drop the rates. His idea is that he.
Speaker 2 (09:41):
Wants for the economy to show skyrocket take right off
to concern the hesitation. Of course, that the economy takes off,
then we might be in a situation where we're actually
exacerbating the issues that we've had with inflation in the past.
But it sounds like Jerome Powell, the Fed share seems
(10:01):
to think that seeing the softening job market might be
an indicator that it could be time to cut those
rates again.
Speaker 3 (10:07):
From ABC seven tonight.
Speaker 9 (10:09):
High anticipation from Wall Street to Main Street after Federal
Reserve chairg of Rome Powell signaled as soon as next month,
the US Central Bank could cut interest rates for the
first time in nearly a year, impacting everything from car
loans to credit cards. Powell under a constant pressure campaign
from President Trump to lower rates, which the FED has
left unchanged since December to fight inflation.
Speaker 5 (10:32):
When we call him too late for a reason, he
should have cut him a year ago.
Speaker 3 (10:35):
He's too late.
Speaker 9 (10:36):
Trump even calling for Powell to resign and making this I.
Speaker 2 (10:40):
Mean it's better late than ever though, right, he says
it's too late. So should he not cut him?
Speaker 3 (10:46):
Then? Oh no, he should, that's right, Okay, So this
it's too late.
Speaker 9 (10:50):
Trump even calling for Powell to resign and making this
rare presidential visit to review the Fed's renovations and turn
up the heat on the chairman. About the building's price tag.
Speaker 5 (11:01):
It looks like it said about three point one billion,
one up a little bit or a.
Speaker 6 (11:05):
Lot or a lot.
Speaker 10 (11:06):
Two point seven is now three point one.
Speaker 6 (11:10):
Yeah, it just came out in his clothes.
Speaker 3 (11:14):
How was that awkward press conference?
Speaker 2 (11:15):
And I remember where they were both wearing hard hats and
Trump was pulling pieces of paper out of his shirt
that said, I don't know whatever it said, you know, price.
Speaker 9 (11:23):
Up mostly watch speech in Jackson, Hawayoming, Powell seeming to
acknowledge the president's prodduct, saying only FED officials reviewing economic
data like inflation and jobs numbers will make the final call.
Speaker 3 (11:37):
We will never deviate from that approach.
Speaker 9 (11:40):
Stock's surgeon yesterday after Powell's mere suggestion of a rate cut. Meantime,
the FED watching the impacts of Trump's trade war closely too,
as major retailers start to feel the pinch. Walmart's CEO
telling investors the world's largest retailer is seeing costs increase
each week. It has largely avoided raising prices so far
(12:01):
at home Depot, saying it's already begun when it calls
some modest price increases.
Speaker 2 (12:06):
Okay, so home Depot is doing that. Oh good, So
the cost of building a home is going to go.
Speaker 3 (12:13):
Up. Crap?
Speaker 2 (12:16):
That was j O'Brien reporting. Passage also indicated yesterday that
the Feds will move carefully and cut rates at a
much slower pace than President Trump wants.
Speaker 3 (12:26):
Okay, so what's going to happen? I don't know.
Speaker 2 (12:31):
If they act quickly and all of a sudden they
cut rates and we see things start to take off.
I do think you're going to see inflation get juiced.
I'm still not sold in the notion that the tariffs
are not going to cause inflation, as they said. So far,
a number of companies have taken the hit. But we
are starting to see signs that inflation is is coming
(12:51):
and there's going to be some tariff related inflation.
Speaker 3 (12:55):
It's happening right now. How bad is it going to be?
I don't know. Three percent year over year.
Speaker 2 (13:04):
If inflation next year is the same as it is
this year, are we going to be okay with that?
Speaker 3 (13:09):
If inflation goes.
Speaker 2 (13:10):
To five percent, if inflation goes to seven percent year
over year. You realize that the peak of inflation was
a couple of years into the pandemic, and so we
didn't see things skyrocket and price right.
Speaker 3 (13:24):
Away, except toilet paper.
Speaker 2 (13:26):
If things in skyrocket right away, it took a little
while for that inflation.
Speaker 3 (13:29):
All of a sudden we started seeing it.
Speaker 2 (13:31):
It started to accelerate as a lot of that stimulus
money was working its way through the economy, and the
supply lines we're opening back up, and YadA YadA, YadA,
YadA YadA.
Speaker 3 (13:39):
So what happens.
Speaker 2 (13:40):
Now if we're in the early stages of another inflation
eary period where we were back down below two and
a half percent, never got back to that two percent
that the that the government always targets. We're back up
to about three percent right now. By this time next year,
a we're going to be saying, wow, the cost of
goods is seven percent higher than it was last year,
(14:01):
putting us right back into the exact same scenario we
were in under Biden. See that's my concern. I think
it's the Fed's concern. Keyla, You like when I talk
about percentages and numbers and inflation and stuff like that. Is
that exciting for you, Kyla Killer? Hey, I've put her
(14:24):
in a coma. I am sorry. I lose more producers
that way, really apologize. Hey, one place where things are
not coming down is well I kind of hinted at
it before. There is the cost of building homes not
going away. And even if you did want to buy
a home, and even if you could buy a home.
(14:47):
There aren't enough out there for you to pick from.
You're not gonna like to hear what I have to
say next, because it bodes very very poorly for us
here in Southern California and still to come this hour.
What is the perfect salary for Americans? It's a whole
lot different than people living on the West Coast. I
can tell you that if you're listening on the iHeart
(15:07):
Radio app, let me know what your perfect salary would be. Well,
how much would you need to have to be a
very comfortable American, dream achieving person. What's the perfect salary
for living in southern California? Get your thoughts on that
in just a few moments. I'm Chris merrilfi AM six forty.
We're live everywhere on the iHeart Radio app.
Speaker 1 (15:23):
You're listening to kfi AM six forty on demand.
Speaker 2 (15:28):
Pleasure hanging out tonight Chris Merril kfi AM six forty
more stimulating talk. California home sales are down, Okay, Why Well,
because there isn't enough inventory and the prices are too high.
Speaker 3 (15:44):
You don't say.
Speaker 2 (15:48):
Southern California home buying collapse continues from the Orange County registered,
Jonathan Lanzner, writing this sounds it a bit.
Speaker 3 (15:58):
A bit amped up here.
Speaker 2 (16:00):
Home buying collapse continues the second slowest selling June on record,
as house centers shied from record high pricing. We are
in such a weird time that normally, when sales slow,
that's when prices start to come down. That's when we
see the market shift from a buyer's market to a
(16:20):
seller's market, a seller's market to a buyer's market.
Speaker 3 (16:23):
Right, that's normally what happens.
Speaker 2 (16:25):
We're in such a weird time, and it's gonna take
somebody far smarter than I to understand how it is
that we suddenly have an inventory shortage. This is happening nationwide.
Prices are incredibly high. Sellers are getting frustrated and they're going,
that's it. I'm not even gonna sell now. So demand
is still there, except demand doesn't want to pay that price.
Speaker 3 (16:48):
Sellers aren't willing to sell for less.
Speaker 2 (16:52):
This normally means well, normally, if the buyers aren't buying
for that price, the price has come down. But now
you've got sellers they are saying I'm not going to
sell for less. Buyer saying I'm not going to pay more.
I think the only way that this gives is if
we do see interest rates change, which if you heard
the last segment, which is one of the most boring
segments I've ever done, the Federal Reserve chair is looking
(17:15):
at lowering the rates a little bit. Still, if I'm
buying a house, I mean, I'm probably unrealistic, feeling a
little spoiled, but I want to see those rates come
back down below five.
Speaker 3 (17:29):
Again.
Speaker 2 (17:29):
I'm probably being unrealistic about that. Probably should be happy
when they're down below six, but you know, I just
know that's gonna happen. So let's see. This is from
oh I was looking. I was looking up to see
if anybody had commentary on this, and a guy from
Mike Weber Holmes put out a video who's talking about
(17:50):
the sellers freezing things.
Speaker 11 (17:52):
And the reason why that is is because we are
seeing kind of a new change in the patterns that
we've been experiencing since to be beginning of the year,
and that is is that less sellers are actually listing
homes now, so we're starting to see a decline in
new listings coming onto the market, and that's likely because
sellers are getting discouraged and a lot of sellers are
(18:13):
probably looking at their neighbors' houses that have been sitting
on the market for a while and aren't getting offers,
or their neighbors maybe aren't getting offers like they thought
they would at prices that they thought they would, and
so they're getting discouraged from putting their homes in the
market because they're probably not going to get the price
that they anticipated, and so they're deciding to either stay
put or rent the house out, or wait until maybe
(18:34):
a more opportune time comes up in the future, whether
or not that actually ends up happening.
Speaker 2 (18:39):
All right, And in the meantime, people are downsizing. Now,
they're downsizing. The people that want to buy aren't buying
the they're not buying the homes or the sizes that
they want to homes that are being built now. I
was just reading about this. Let me see why. Oh yeah,
here it is. This is weird. Did you ever kill
(18:59):
as you when you grew up? Did you grow up
in a house or did you grow up like an
apartment or.
Speaker 8 (19:03):
Was Oh yes, I've always had a house.
Speaker 2 (19:05):
Until okay, have you ever lived in a house that
didn't have a dining room?
Speaker 12 (19:14):
I don't think my house growing up had a dining room.
We in the kitchen, which had a kitchen table. Yeah,
so we didn't have a dining room.
Speaker 2 (19:20):
Now you did not, Okay, all right, I mean dining
rooms are pretty common for years though.
Speaker 3 (19:26):
Right.
Speaker 2 (19:27):
Oh yeah, But now I guess that's something that people
are like, we don't need them. People are, They say,
formal dining rooms have almost been eliminated from our design vocabulary.
According to somebody that does designing, they're being replaced with
flex rooms that serve multiple role roles like an office
or a bedroom. And I would imagine young families like
a playroom too. Having bought a number of homes, the
(19:54):
biggest waste of space, in my opinion, is the dining room.
I am one hundred percent behind this movie. I also
will tell you that I wish I had sat down
and ate more more meals with my family. But I
grew up like you did, Kayla. I grew up where
we all sat down. Dinner was at my parents ate
a little early five o'clock every night, five o'clock, dinner's
ready at five, dinner's ready at five. And we had
(20:16):
like a peninsula in the kitchen that we used to
sit around right.
Speaker 3 (20:20):
That was it. It was we sat at the counter
in the kitchen. That's where we had our dinner.
Speaker 2 (20:24):
The idea of a formal dining room just feels like, Okay,
now I just have to buy an overpriced piece of
furniture to put here in case somebody wants to do
Thanksgiving at our house.
Speaker 3 (20:32):
Right So, most of the time.
Speaker 2 (20:34):
That square footage that is not being used, or if
it is being used, it ends up being the clutter room.
Do you know what I'm talking about this and that
is that that dining room table is sitting out. What
a convenient place to put crap for right now. I'll
just set it down here. I got a wrap presence.
I'll just put all the stuff right here for right now.
I'll clean it up later. I just got groceries. I'm
(20:55):
gonna put all this stuff down here, and I'll just
get this stuff that I get this other stuff later.
I got a put the I gotta put the frozen
foods awhile I'll just get all that other stuff later.
And things start to pile up on that table. That's
when then what's the point. What's the purpose?
Speaker 3 (21:10):
So I guess some people are saying, Nope, we would.
Speaker 2 (21:12):
Rather have a different room where you know, we can
use it as a flex room, office bedroom.
Speaker 3 (21:19):
I'm gonna say, play room, something of that sort.
Speaker 2 (21:21):
Median price home nationwide four hundred to fifty nine thousand dollars.
Speaker 3 (21:25):
Wouldn't that be nice?
Speaker 2 (21:26):
That is out of reach for roughly seventy five percent
of US households.
Speaker 6 (21:33):
That is.
Speaker 2 (21:35):
What half of our median home value here in southern California. Yeah,
so half of the median home value in southern California
is out of reach for seventy five percent of American households.
Which is why I was asking, what is the ideal salary?
Speaker 3 (21:52):
Kelly?
Speaker 2 (21:53):
You sent me a couple of these talkbacks? Which one
is the one that's about the salary?
Speaker 3 (21:57):
Are they both?
Speaker 9 (21:58):
Well?
Speaker 12 (21:59):
One's one's about salary, the other one's kind of about
saving in old age.
Speaker 3 (22:04):
Oh, okay, let me see. I'll just I'll just whip
through them.
Speaker 2 (22:07):
Then I have listened to these, so if there's Sam
stand by, if there's a I haven't checked these to
see if there's all right.
Speaker 6 (22:13):
Tar Iff's good inflation good?
Speaker 3 (22:15):
Oh, tar iff's good inflation good.
Speaker 6 (22:17):
Tar Iff's good inflation good. I'm a saver.
Speaker 10 (22:20):
I like high inflation rates, because that means interest rates
will go up, hopefully unless Trump squashes them. We'll see
I like four to five percent on my savings.
Speaker 6 (22:33):
I'm old. I need that good stuff, good stuff.
Speaker 10 (22:37):
Chris, high inflation, high interest rates on my long term
savings CDs man.
Speaker 13 (22:42):
Yeah.
Speaker 2 (22:43):
I guess the thing is somebody's making money, right. Whenever
there's a whenever there's investment, somebody's making money on it.
Every time I lose money in the stock market, somebody
else is making money on it.
Speaker 3 (22:53):
I guess I don't like it. I think it's bad
for the country generally.
Speaker 2 (22:58):
Maybe your individual circumstances are that that's fine way to
find the investments to pay off.
Speaker 13 (23:03):
Good for you, perfect salary, perfect one ninety three, Yeah,
one hundred and ninety three thousand, seven hundred.
Speaker 2 (23:14):
I like that.
Speaker 3 (23:14):
We had to say, wait about what was that at
the end?
Speaker 8 (23:17):
Seven hundred?
Speaker 3 (23:18):
No, no, Kayla, did you say you listen?
Speaker 13 (23:21):
Seven hundred?
Speaker 3 (23:24):
Did you like?
Speaker 8 (23:25):
Was he hawking? Alubi Oh, I don't know.
Speaker 3 (23:27):
It's sounded like a dog rowling. At first thought it
was a toilet flushing. Here. Let me just amplify that.
We'll just bring that audio up here.
Speaker 1 (23:35):
Seven hundred.
Speaker 3 (23:37):
I have no idea what that was flushing you think toilet?
Speaker 8 (23:40):
Are you okay, sir? So I does a want to
talk back?
Speaker 3 (23:45):
All right? Cool? What's the last one here? Kayle? Can
I play this one.
Speaker 8 (23:49):
Or that that was the one I was letting you know? Yeah, exactly,
I got you, got you gotcha?
Speaker 3 (23:53):
Okay? Cool?
Speaker 2 (23:54):
All right, thank you very much for everybody that is
giving us to talk about the one ninety three salary
that the gentleman quoted before he flushed toilet. I thought,
I think that's pretty good. Hold one ninety three, seven hundred,
he said, Right, yeah, I'm gonna write that down. I'm
gonna come back to it here in just a second,
because you're about to find out what the rest of
the country says is the perfect salary.
Speaker 3 (24:13):
Okay.
Speaker 2 (24:13):
KFI AM six forty live everywhere on the iHeartRadio app.
Speaker 1 (24:17):
You're listening to KFI AM six forty on demand.
Speaker 3 (24:23):
But I live in Colorado.
Speaker 2 (24:26):
Hullu buck groo. All right, Well, his veranda sounds a
lot like a toilet. I mean, I'm not wrong, right.
Speaker 12 (24:36):
No, I thought he was totally on the toilet. But
I'm glad to clarify, and I'm glad he's okay.
Speaker 3 (24:40):
This is the first fall for those joining us.
Speaker 2 (24:42):
Seven hundred is tonally maybe it's a dog rowling at
the very end, he says, seven hundred, and then here
this seven hundred.
Speaker 3 (24:52):
Yeah, there's a dog rowling, whatever it is.
Speaker 2 (24:54):
Chris merrilf I am six forty more stimulating talk, keeping
you informed on what's really important. Like is our listener
in Colorado on the veranda or the kmmode. These are
the sorts of things that keep you up at night.
There's no doubt he did call and he gave us
an answer though, to the question tonight, what is the
perfect salary for living in southern California?
Speaker 13 (25:15):
He said, perfect salary one ninety three, Yeah, one hundred
and ninety three thousand, seven hundred.
Speaker 3 (25:24):
Flush, Yeah, they're real.
Speaker 6 (25:26):
Uh.
Speaker 2 (25:26):
One ninety three, seven hundred, he says. That's that's probably
a pretty comfortable life in southern California.
Speaker 8 (25:34):
Right, I'll take it.
Speaker 2 (25:36):
I mean, well, I'm thinking household income. Now that's perfect salary.
But household income. If your household income is around two
hundred thousand, uh, that means you're in well, no, because
your house The way I always figure this when you're
trying figure out how much house can I afford? Take
your salary, multiply it by three, right, and that's a
(25:57):
pretty general ballpark area. The old rule of twenty nine
is you're not supposed to spend more than twenty nine
percent of your of your salary on a mortgage. That's
kind of edged up a little bit. And here in
California it's tough to do less than fifty.
Speaker 13 (26:11):
Uh.
Speaker 2 (26:11):
But so I always figure take your take your household income,
multiply that by three. That's gonna give you about your
rule of your rule of twenty nine, or a round
about thirty percent. Okay, about a third used to be
that way. Then mortgage rates have gone up, so now
you can even multiply it by three for easy math. Well,
let's just continue using easy math. That puts you in
a six hundred thousand dollars house. Can you raise a
(26:36):
family in a safe neighborhood and have enough room around
here for six hundred thousand dollars and around the metro
Maybe you're in a more outlying area, Maybe you're you're
off the off the grid a little bit. Maybe you're
don't know, analytic Valley or something, and where prices might
be a little lower. But if you're station here is
in Burbank. I don't think I can find anything to
(26:57):
raise a family in. I mean, I'm sure not getting
a three bedroom, two bath with a white picket fence
and a two car garage for six hundred thousand dollars
per bank. Certainly not Pasadena Glendale. I guess maybe Cayl
(27:18):
is that enough? Could you raise a family on two
hundred thousand dollars?
Speaker 3 (27:24):
Good talk? Good talk? She's here? Oh there you are?
Speaker 8 (27:28):
Hey, ask it again?
Speaker 12 (27:29):
Because you know when you talk on tune out?
Speaker 3 (27:33):
Do you know why?
Speaker 2 (27:34):
I like Kayla is the producer because she is reflective
of the entire audience. That's exactly what it is. Could
you raise a family on two undred thousand? I mean
it could, it could, yeah, But is that really enough
to raise the family the way that you want to?
Speaker 3 (27:50):
Now? I'm not talking about moving to Beverly Hills.
Speaker 2 (27:52):
I'm talking about raising a nice middle class family, three bedroom,
two bath, white picket fence, two car garage, American dream
you know, dog in the litter box, cot in the doghouse,
all those things.
Speaker 8 (28:07):
Yeah, I think I.
Speaker 12 (28:07):
Think I could do that. I would just yeah, I
will have to live a little bit. You know, I
can't do what I like to do now, but I
can make it work.
Speaker 3 (28:14):
Okay, very good.
Speaker 2 (28:16):
According to America, you don't need anywhere close to that.
Speaker 14 (28:20):
Half of Americans say they're not making enough money to
support their lifestyle. A new survey by Talker Research found
US workers say seventy four thousand dollars a year is
the perfect average salary for them. What twenty percent say
they will go even higher and ask for a six
figure salary. Researchers say twenty four percent of Americans just
they're not happy with their current income. They're not only
(28:41):
worried about pay, though, Workers are also wanting better benefits,
work life balance, and flexibility at work.
Speaker 2 (28:49):
Okay, I want work life balance, I want flexibility at work.
I also want double my salary and okay, yeah, we
all want that, but we're not gonna get all of it.
I mean, there are a few people who, for one
reason or another either great education and able to make
it pay off, or they were in the right place
(29:10):
at the right time they're able to do that. But
generally speaking, you're not gonna get all those things.
Speaker 14 (29:15):
So I am Blair's social second. What will be the
ideal salary to support your lifestyle.
Speaker 8 (29:20):
Head to our Facebook page, leave.
Speaker 2 (29:22):
A common yeah, add to the Facebook page, leave a
comma and smash that like button.
Speaker 3 (29:25):
We're all I want to hear what you have.
Speaker 2 (29:26):
To say, Kayla, could you raise your family on seventy
four thousand dollars a year?
Speaker 8 (29:33):
I can't even raise myself on that.
Speaker 2 (29:35):
That's what I'm saying, right, I mean, Talker's Research did
the study and they surveyed Americans around the country, but
only one in five wants six figure incomes.
Speaker 3 (29:45):
That blows my mind.
Speaker 2 (29:47):
Only twenty percent of America says I want to make
six figures.
Speaker 8 (29:52):
That's crazy.
Speaker 2 (29:53):
Look, I have made good money in this business in
the past, much better than I'm making.
Speaker 9 (29:58):
No.
Speaker 3 (30:00):
My son is My son is working hard.
Speaker 2 (30:01):
He's a he's a programmer and he's kind of a
security specialist with a I can't tell you or or
i'd have to I'd end up at a black site. But
he just got a raise and he's really excited about
his raise. And I'm really proud of my oldest son.
He's the only one that doesn't live with us, so
(30:22):
that's that's pretty nice. His goal is to is to
make one hundred thousand dollars, but he speaks about it
like it's the holy grail.
Speaker 3 (30:32):
I think he's making in.
Speaker 2 (30:33):
This range, about the seventy four thousand range, I'm not sure,
maybe not.
Speaker 3 (30:36):
Quite that much. But he's doing okay. He's doing fine.
Speaker 2 (30:39):
Doesn't have any kids, he's not married right, He's got
a girlfriend. They just celebrated the three year anniversary. She's
great for him. I really like her. I hope he
doesn't screw it up. And also I'm glad she's taking
one for the team so nobody else has to be
with him. But whatever he seems to have in his
mind that once he gets to one hundred thousand dollars.
Speaker 3 (30:56):
Cake.
Speaker 2 (30:57):
What astonishes me is how many people believe that if
I could only make thirty percent more, forty percent more,
fifty percent more than I'm making right now, then I
would be set. What's that old saying, no money, more problems.
Speaker 8 (31:11):
That's what they say.
Speaker 3 (31:12):
That's the truth. I told us.
Speaker 2 (31:14):
I've made good I've made good money in the past.
I've made more money than I make right now, lots more.
And I have more money in my pocket at the
end of the week right now than I did when
I was making.
Speaker 3 (31:26):
Double as much because I was spending it like mad.
I had more debt.
Speaker 2 (31:32):
I was putting more money toward credit card interest and
toward car payment interest and all this other stuff. And
it was after I lost my job that my wife
and I went down to one income and decided we
got to get out of debt. That we we suddenly
cut everything we didn't need out of our lives. I mean,
we weren't going out to eat. We sold the house,
(31:52):
we sold the car. We were both driving beaters, but
we said, let's get let's focus and get out of
this debt. I mean, we had like over like seventy
grand in credit card debt alone. That's on top of
the cars and the you know, we sold the house
and got rid of the mortgage, we sold one of
the cars, got rid of that car payment.
Speaker 3 (32:08):
You know.
Speaker 2 (32:10):
But when you're still staring at, you know, seventy grand
in credit card debt, you're thinking, we're never going to
get out of this. And then I lost my job
and so we had to buckle down and do a
lot of hard work and not spend. And suddenly, once
we got out of debt, we never want to go
back into it again.
Speaker 3 (32:26):
Once we got out of debt. It was like, wow,
we got a lot more money. At the end of
the month.
Speaker 2 (32:30):
We have more money now making less money than we
did when we were making more money.
Speaker 3 (32:36):
So just food for thought. Maybe you can learn from
my experience. More stimulating talk.
Speaker 2 (32:42):
Chris Merril and I Am six forty listened anytime on
demand of the iHeartRadio app KFI on Demand
You're listening to KFI AM six forty on demand.
Speaker 2 (00:08):
Chris Merril can't I am six forty more stimulating talk.
Always an honor to spend the time with you, So
thank you for you know, letting me be a part
of the fun group. Here's a pretty dynamite something very
interesting happened. So the country has been pushing really hard,
(00:29):
whether it was Biden with a Chips act or Trump
with pushing for AI stuff, the country has been pushing
really hard to stay as a front runner on technological advancements.
There are some distinct advantages to this, and there are
some actual disadvantages to being a front runner too advantageous.
(00:51):
If you're there first, you're the go to. Everybody looks
to you. The technology goes through you. That means all
the money associated with the technology goes through your country.
There's no doubt that that it is a big boom
early on in the development of advancing technology. The flip
side is your technology also ages faster. And the example
(01:15):
I have is we were early on when it came
to the adoption of the Internet, the United States was
I mean, we're the most forward thinking country in the world,
so we're way ahead and then all of a sudden,
about fifteen years ago or so, they started doing studies
about who has access to high speed internet and who doesn't,
(01:36):
and the United States has fallen way back. We had
fallen way back because when we put in a good
deal of the infrastructure, we put an infrastructure that was
top of the line for that moment, and then the
other countries that were lagging behind started updating their infrastructure
with what was top of the line at the next moment,
and suddenly they were faster. It's kind of like when
(01:56):
your parents remodeled the house and they put in all
that top of the line linoleum and popcorn ceilings, and
that's what everybody was doing at the time, and your parents,
of course, have never remodeled since, and you walk in
there and it feels like you're going into an ancient.
Speaker 3 (02:12):
Outdated home. Right.
Speaker 2 (02:14):
So similarly, when you get ahead on the technology, you
can sometimes get too far ahead when it comes to AI.
I don't know if that's necessarily going to be the
case when it comes to because AI isn't a function
of the infrastructure, although it could be if we start
talking about data centers and water reclamation and blah blah, blah,
But I'm not going to get down there. Instead, what
I want to do is I want to focus on
(02:35):
the money that we're putting into the chips. So the
pandemic comes around, and as you well know, supply chain
issues made the cost of electronics go through the roof,
and also the cost of getting parts for repairing electronics
became very challenging, and all of a sudden we went, Wow,
(02:56):
we got a real issue in this country, and that
is that we're not making enough of our own electronics.
So the big emphasis is how do we make sure
that we can on shore all of these these devices
and their components. And so the Chips Act comes along
one it was. It was done as we were pushing
(03:16):
through all of the other major legislation that was supposed
to infuse the economy to make sure we didn't go
into a recession.
Speaker 3 (03:22):
Some say we went too far on that. The other
thing Biden.
Speaker 2 (03:25):
Made this, like you know, a key piece of his
of his presidency, the Chipsack. That meant billions of dollars
for Intel, for TSMC, which is the Taiwan Semiconductor Corporation,
money for a MD for Nvidia, tax breaks for other
places that were you know, going to advance that technology
(03:45):
to the benefit of the United States staying on top. Well,
Trump has picked up that same mantle and he has
taken what the Chips Act was giving Intel and he
has turbo charged it by actually making the country buy
part of Intel, the makers of the the chips that
(04:09):
run your computers. See Intel used to be top of
the line. Remember when they had the Pentium Maybe.
Speaker 3 (04:16):
It's got a pennyum inside. Who smoking fast?
Speaker 2 (04:21):
They still have, in my opinion, the best chips for
your for your desktop and for your laptops. I've been
buying Intel's for a number of years. I used to
use some of the other brands, the AMD chips, and
there were a few others along the way I've used those.
Intel was always superior. Although AMD has caught up and
they're doing a really great job now. But where Intel
went wrong is they completely fell behind and did a
(04:44):
terrible job of creating anything that goes into your cell phone.
And they are not even close when it comes to AI.
So while my computer may have an Intel processor in
it might have an Intel based chips on the motherboards,
on the on the bluetooths, on the Wi fis.
Speaker 3 (05:03):
All that other stuff.
Speaker 2 (05:04):
When it comes to my cell phone, that's not it,
that's TSMC, that's Qualcom, that's Apple.
Speaker 3 (05:10):
They're making the chips for the phones.
Speaker 2 (05:12):
When it comes to AI, it's Nvidia, right, and and
Intel has fallen behind. So Intel's falling on some hard times.
They need an infusion. Trump says, this is an American company,
This is gonna be great. Let's let's uh, let's give
them some more money. But they have to give us
something in return. In other words, the United States just
bought ten percent of Intel. The US government is now
(05:39):
the largest shareholder of Intel. President Trump is from Fox News.
Speaker 4 (05:44):
By the way, i'steing to deal with Intel having the
federal government take a ten percent stake in the company.
Speaker 5 (05:49):
Listen, Okay, if we had a president that would have said, okay,
you can go to Taiwan, but we're gonna put a
one hundred per terra for a two hundred or three
hundred or five hundred percent tarraff. Anybody that's into the
United States.
Speaker 3 (06:01):
Have to pay. They wouldn't have left.
Speaker 5 (06:02):
They ended up giving US ten billion dollars with the
United States.
Speaker 6 (06:05):
So we picked up ten billion, and we do a
lot of deals like that. I'll do more of them.
Speaker 4 (06:10):
But some are hitting back at the president's choice, with
GP Senator Ram Paul calling this a step towards socialism
and a terrible idea.
Speaker 1 (06:19):
Here it's hard to argue.
Speaker 3 (06:20):
And then all of a sudden, my audio skips. I
don't know why.
Speaker 2 (06:23):
Bad edit, bad computer, Probably that Intel chip, but anyway,
just skips ahead to who they're interviewing, and I apologize
for the terrible edit. Honestly, god, I didn't find it
until I was sweeping the the audio before the show started.
Speaker 7 (06:37):
It's hard to argue with free ten billion dollars, and
it's hard to argue with all of the money that
President Trump has been luring into this country.
Speaker 8 (06:44):
But the truth is, if.
Speaker 7 (06:46):
You are a free market capitalist, you do not want
government investing in public companies.
Speaker 2 (06:52):
Whoa wait a minute, You got Republicans saying the government
should not be investing in public companies.
Speaker 3 (07:00):
Oh, but that's just what Trump did.
Speaker 7 (07:02):
It introduces political influence. It may prioritize government goals as
opposed to profit maximization.
Speaker 8 (07:12):
It could create an.
Speaker 7 (07:13):
Unfair advantage for other companies that are in the sector.
Is government going to treat that company better than another company?
Is there going to be an unfair advantage for the
other companies within the space. It undermines a private sector
economy and the competitiveness to a private sector.
Speaker 3 (07:33):
All right, So that's from Fox.
Speaker 2 (07:36):
So you have Republicans that are saying this is a
bad idea because now the government is incentivized to make
sure that Intel does well, because the better Intel does,
the better the government does, because we now have a
stake a share in it. We've got a ten billion
dollars worth in Intel now. So if the government then
is let's say, making a giant order for l phones
(08:03):
and Intel is putting out a new chip that can
be used in cell phones, are we likely to.
Speaker 3 (08:09):
Favor that?
Speaker 2 (08:12):
I mean, it would be kind of dumb, Not too,
wouldn't it. It'd be really dumb if the government is
getting ready to replace all of the computers.
Speaker 3 (08:22):
Of the DoD.
Speaker 2 (08:23):
Just hypothetically speaking, we're going to replace all the computers
of the DoD, All right, cool, What should we get?
Speaker 3 (08:29):
Should we get Apple?
Speaker 2 (08:32):
Should we get these computers that are using AMD chips,
or should we buy all computers that have only Intel chips?
I mean, it's a massive purchase that's going to be
very beneficial to one company. It would be stupid, frankly,
I mean, it would be an absolute brainless move to
not invest in the Intel computers. You wouldn't buy stock
(08:57):
in Ford and then only buy Cheves, right, You wouldn't
do it.
Speaker 3 (09:01):
It doesn't make any sense.
Speaker 2 (09:03):
But then if you are AMD, you're going hold on,
what did we do wrong? And if you're the federal government,
are you even looking for the best deal when the
whole point is to make sure you're reinvesting in your
own investments? Okay, I am six forty live everywhere on
the iHeartRadio app. Chris merril k, I am six forty
(09:24):
more stimulating talk on demand anytime on your iHeartRadio app.
So for months, the President has been saying that the
Federal Reserve needs to drop interest rates.
Speaker 3 (09:37):
Drop those rates, drop the rates. His idea is that he.
Speaker 2 (09:41):
Wants for the economy to show skyrocket take right off
to concern the hesitation. Of course, that the economy takes off,
then we might be in a situation where we're actually
exacerbating the issues that we've had with inflation in the past.
But it sounds like Jerome Powell, the Fed share seems
(10:01):
to think that seeing the softening job market might be
an indicator that it could be time to cut those
rates again.
Speaker 3 (10:07):
From ABC seven tonight.
Speaker 9 (10:09):
High anticipation from Wall Street to Main Street after Federal
Reserve chairg of Rome Powell signaled as soon as next month,
the US Central Bank could cut interest rates for the
first time in nearly a year, impacting everything from car
loans to credit cards. Powell under a constant pressure campaign
from President Trump to lower rates, which the FED has
left unchanged since December to fight inflation.
Speaker 5 (10:32):
When we call him too late for a reason, he
should have cut him a year ago.
Speaker 3 (10:35):
He's too late.
Speaker 9 (10:36):
Trump even calling for Powell to resign and making this I.
Speaker 2 (10:40):
Mean it's better late than ever though, right, he says
it's too late. So should he not cut him?
Speaker 3 (10:46):
Then? Oh no, he should, that's right, Okay, So this
it's too late.
Speaker 9 (10:50):
Trump even calling for Powell to resign and making this
rare presidential visit to review the Fed's renovations and turn
up the heat on the chairman. About the building's price tag.
Speaker 5 (11:01):
It looks like it said about three point one billion,
one up a little bit or a.
Speaker 6 (11:05):
Lot or a lot.
Speaker 10 (11:06):
Two point seven is now three point one.
Speaker 6 (11:10):
Yeah, it just came out in his clothes.
Speaker 3 (11:14):
How was that awkward press conference?
Speaker 2 (11:15):
And I remember where they were both wearing hard hats and
Trump was pulling pieces of paper out of his shirt
that said, I don't know whatever it said, you know, price.
Speaker 9 (11:23):
Up mostly watch speech in Jackson, Hawayoming, Powell seeming to
acknowledge the president's prodduct, saying only FED officials reviewing economic
data like inflation and jobs numbers will make the final call.
Speaker 3 (11:37):
We will never deviate from that approach.
Speaker 9 (11:40):
Stock's surgeon yesterday after Powell's mere suggestion of a rate cut. Meantime,
the FED watching the impacts of Trump's trade war closely too,
as major retailers start to feel the pinch. Walmart's CEO
telling investors the world's largest retailer is seeing costs increase
each week. It has largely avoided raising prices so far
(12:01):
at home Depot, saying it's already begun when it calls
some modest price increases.
Speaker 2 (12:06):
Okay, so home Depot is doing that. Oh good, So
the cost of building a home is going to go.
Speaker 3 (12:13):
Up. Crap?
Speaker 2 (12:16):
That was j O'Brien reporting. Passage also indicated yesterday that
the Feds will move carefully and cut rates at a
much slower pace than President Trump wants.
Speaker 3 (12:26):
Okay, so what's going to happen? I don't know.
Speaker 2 (12:31):
If they act quickly and all of a sudden they
cut rates and we see things start to take off.
I do think you're going to see inflation get juiced.
I'm still not sold in the notion that the tariffs
are not going to cause inflation, as they said. So far,
a number of companies have taken the hit. But we
are starting to see signs that inflation is is coming
(12:51):
and there's going to be some tariff related inflation.
Speaker 3 (12:55):
It's happening right now. How bad is it going to be?
I don't know. Three percent year over year.
Speaker 2 (13:04):
If inflation next year is the same as it is
this year, are we going to be okay with that?
Speaker 3 (13:09):
If inflation goes.
Speaker 2 (13:10):
To five percent, if inflation goes to seven percent year
over year. You realize that the peak of inflation was
a couple of years into the pandemic, and so we
didn't see things skyrocket and price right.
Speaker 3 (13:24):
Away, except toilet paper.
Speaker 2 (13:26):
If things in skyrocket right away, it took a little
while for that inflation.
Speaker 3 (13:29):
All of a sudden we started seeing it.
Speaker 2 (13:31):
It started to accelerate as a lot of that stimulus
money was working its way through the economy, and the
supply lines we're opening back up, and YadA YadA, YadA,
YadA YadA.
Speaker 3 (13:39):
So what happens.
Speaker 2 (13:40):
Now if we're in the early stages of another inflation
eary period where we were back down below two and
a half percent, never got back to that two percent
that the that the government always targets. We're back up
to about three percent right now. By this time next year,
a we're going to be saying, wow, the cost of
goods is seven percent higher than it was last year,
(14:01):
putting us right back into the exact same scenario we
were in under Biden. See that's my concern. I think
it's the Fed's concern. Keyla, You like when I talk
about percentages and numbers and inflation and stuff like that. Is
that exciting for you, Kyla Killer? Hey, I've put her
(14:24):
in a coma. I am sorry. I lose more producers
that way, really apologize. Hey, one place where things are
not coming down is well I kind of hinted at
it before. There is the cost of building homes not
going away. And even if you did want to buy
a home, and even if you could buy a home.
(14:47):
There aren't enough out there for you to pick from.
You're not gonna like to hear what I have to
say next, because it bodes very very poorly for us
here in Southern California and still to come this hour.
What is the perfect salary for Americans? It's a whole
lot different than people living on the West Coast. I
can tell you that if you're listening on the iHeart
(15:07):
Radio app, let me know what your perfect salary would be. Well,
how much would you need to have to be a
very comfortable American, dream achieving person. What's the perfect salary
for living in southern California? Get your thoughts on that
in just a few moments. I'm Chris merrilfi AM six forty.
We're live everywhere on the iHeart Radio app.
Speaker 1 (15:23):
You're listening to kfi AM six forty on demand.
Speaker 2 (15:28):
Pleasure hanging out tonight Chris Merril kfi AM six forty
more stimulating talk. California home sales are down, Okay, Why Well,
because there isn't enough inventory and the prices are too high.
Speaker 3 (15:44):
You don't say.
Speaker 2 (15:48):
Southern California home buying collapse continues from the Orange County registered,
Jonathan Lanzner, writing this sounds it a bit.
Speaker 3 (15:58):
A bit amped up here.
Speaker 2 (16:00):
Home buying collapse continues the second slowest selling June on record,
as house centers shied from record high pricing. We are
in such a weird time that normally, when sales slow,
that's when prices start to come down. That's when we
see the market shift from a buyer's market to a
(16:20):
seller's market, a seller's market to a buyer's market.
Speaker 3 (16:23):
Right, that's normally what happens.
Speaker 2 (16:25):
We're in such a weird time, and it's gonna take
somebody far smarter than I to understand how it is
that we suddenly have an inventory shortage. This is happening nationwide.
Prices are incredibly high. Sellers are getting frustrated and they're going,
that's it. I'm not even gonna sell now. So demand
is still there, except demand doesn't want to pay that price.
Speaker 3 (16:48):
Sellers aren't willing to sell for less.
Speaker 2 (16:52):
This normally means well, normally, if the buyers aren't buying
for that price, the price has come down. But now
you've got sellers they are saying I'm not going to
sell for less. Buyer saying I'm not going to pay more.
I think the only way that this gives is if
we do see interest rates change, which if you heard
the last segment, which is one of the most boring
segments I've ever done, the Federal Reserve chair is looking
(17:15):
at lowering the rates a little bit. Still, if I'm
buying a house, I mean, I'm probably unrealistic, feeling a
little spoiled, but I want to see those rates come
back down below five.
Speaker 3 (17:29):
Again.
Speaker 2 (17:29):
I'm probably being unrealistic about that. Probably should be happy
when they're down below six, but you know, I just
know that's gonna happen. So let's see. This is from
oh I was looking. I was looking up to see
if anybody had commentary on this, and a guy from
Mike Weber Holmes put out a video who's talking about
(17:50):
the sellers freezing things.
Speaker 11 (17:52):
And the reason why that is is because we are
seeing kind of a new change in the patterns that
we've been experiencing since to be beginning of the year,
and that is is that less sellers are actually listing
homes now, so we're starting to see a decline in
new listings coming onto the market, and that's likely because
sellers are getting discouraged and a lot of sellers are
(18:13):
probably looking at their neighbors' houses that have been sitting
on the market for a while and aren't getting offers,
or their neighbors maybe aren't getting offers like they thought
they would at prices that they thought they would, and
so they're getting discouraged from putting their homes in the
market because they're probably not going to get the price
that they anticipated, and so they're deciding to either stay
put or rent the house out, or wait until maybe
(18:34):
a more opportune time comes up in the future, whether
or not that actually ends up happening.
Speaker 2 (18:39):
All right, And in the meantime, people are downsizing. Now,
they're downsizing. The people that want to buy aren't buying
the they're not buying the homes or the sizes that
they want to homes that are being built now. I
was just reading about this. Let me see why. Oh yeah,
here it is. This is weird. Did you ever kill
(18:59):
as you when you grew up? Did you grow up
in a house or did you grow up like an
apartment or.
Speaker 8 (19:03):
Was Oh yes, I've always had a house.
Speaker 2 (19:05):
Until okay, have you ever lived in a house that
didn't have a dining room?
Speaker 12 (19:14):
I don't think my house growing up had a dining room.
We in the kitchen, which had a kitchen table. Yeah,
so we didn't have a dining room.
Speaker 2 (19:20):
Now you did not, Okay, all right, I mean dining
rooms are pretty common for years though.
Speaker 3 (19:26):
Right.
Speaker 2 (19:27):
Oh yeah, But now I guess that's something that people
are like, we don't need them. People are, They say,
formal dining rooms have almost been eliminated from our design vocabulary.
According to somebody that does designing, they're being replaced with
flex rooms that serve multiple role roles like an office
or a bedroom. And I would imagine young families like
a playroom too. Having bought a number of homes, the
(19:54):
biggest waste of space, in my opinion, is the dining room.
I am one hundred percent behind this movie. I also
will tell you that I wish I had sat down
and ate more more meals with my family. But I
grew up like you did, Kayla. I grew up where
we all sat down. Dinner was at my parents ate
a little early five o'clock every night, five o'clock, dinner's
ready at five, dinner's ready at five. And we had
(20:16):
like a peninsula in the kitchen that we used to
sit around right.
Speaker 3 (20:20):
That was it. It was we sat at the counter
in the kitchen. That's where we had our dinner.
Speaker 2 (20:24):
The idea of a formal dining room just feels like, Okay,
now I just have to buy an overpriced piece of
furniture to put here in case somebody wants to do
Thanksgiving at our house.
Speaker 3 (20:32):
Right So, most of the time.
Speaker 2 (20:34):
That square footage that is not being used, or if
it is being used, it ends up being the clutter room.
Do you know what I'm talking about this and that
is that that dining room table is sitting out. What
a convenient place to put crap for right now. I'll
just set it down here. I got a wrap presence.
I'll just put all the stuff right here for right now.
I'll clean it up later. I just got groceries. I'm
(20:55):
gonna put all this stuff down here, and I'll just
get this stuff that I get this other stuff later.
I got a put the I gotta put the frozen
foods awhile I'll just get all that other stuff later.
And things start to pile up on that table. That's
when then what's the point. What's the purpose?
Speaker 3 (21:10):
So I guess some people are saying, Nope, we would.
Speaker 2 (21:12):
Rather have a different room where you know, we can
use it as a flex room, office bedroom.
Speaker 3 (21:19):
I'm gonna say, play room, something of that sort.
Speaker 2 (21:21):
Median price home nationwide four hundred to fifty nine thousand dollars.
Speaker 3 (21:25):
Wouldn't that be nice?
Speaker 2 (21:26):
That is out of reach for roughly seventy five percent
of US households.
Speaker 6 (21:33):
That is.
Speaker 2 (21:35):
What half of our median home value here in southern California. Yeah,
so half of the median home value in southern California
is out of reach for seventy five percent of American households.
Which is why I was asking, what is the ideal salary?
Speaker 3 (21:52):
Kelly?
Speaker 2 (21:53):
You sent me a couple of these talkbacks? Which one
is the one that's about the salary?
Speaker 3 (21:57):
Are they both?
Speaker 9 (21:58):
Well?
Speaker 12 (21:59):
One's one's about salary, the other one's kind of about
saving in old age.
Speaker 3 (22:04):
Oh, okay, let me see. I'll just I'll just whip
through them.
Speaker 2 (22:07):
Then I have listened to these, so if there's Sam
stand by, if there's a I haven't checked these to
see if there's all right.
Speaker 6 (22:13):
Tar Iff's good inflation good?
Speaker 3 (22:15):
Oh, tar iff's good inflation good.
Speaker 6 (22:17):
Tar Iff's good inflation good. I'm a saver.
Speaker 10 (22:20):
I like high inflation rates, because that means interest rates
will go up, hopefully unless Trump squashes them. We'll see
I like four to five percent on my savings.
Speaker 6 (22:33):
I'm old. I need that good stuff, good stuff.
Speaker 10 (22:37):
Chris, high inflation, high interest rates on my long term
savings CDs man.
Speaker 13 (22:42):
Yeah.
Speaker 2 (22:43):
I guess the thing is somebody's making money, right. Whenever
there's a whenever there's investment, somebody's making money on it.
Every time I lose money in the stock market, somebody
else is making money on it.
Speaker 3 (22:53):
I guess I don't like it. I think it's bad
for the country generally.
Speaker 2 (22:58):
Maybe your individual circumstances are that that's fine way to
find the investments to pay off.
Speaker 13 (23:03):
Good for you, perfect salary, perfect one ninety three, Yeah,
one hundred and ninety three thousand, seven hundred.
Speaker 2 (23:14):
I like that.
Speaker 3 (23:14):
We had to say, wait about what was that at
the end?
Speaker 8 (23:17):
Seven hundred?
Speaker 3 (23:18):
No, no, Kayla, did you say you listen?
Speaker 13 (23:21):
Seven hundred?
Speaker 3 (23:24):
Did you like?
Speaker 8 (23:25):
Was he hawking? Alubi Oh, I don't know.
Speaker 3 (23:27):
It's sounded like a dog rowling. At first thought it
was a toilet flushing. Here. Let me just amplify that.
We'll just bring that audio up here.
Speaker 1 (23:35):
Seven hundred.
Speaker 3 (23:37):
I have no idea what that was flushing you think toilet?
Speaker 8 (23:40):
Are you okay, sir? So I does a want to
talk back?
Speaker 3 (23:45):
All right? Cool? What's the last one here? Kayle? Can
I play this one.
Speaker 8 (23:49):
Or that that was the one I was letting you know? Yeah, exactly,
I got you, got you gotcha?
Speaker 3 (23:53):
Okay? Cool?
Speaker 2 (23:54):
All right, thank you very much for everybody that is
giving us to talk about the one ninety three salary
that the gentleman quoted before he flushed toilet. I thought,
I think that's pretty good. Hold one ninety three, seven hundred,
he said, Right, yeah, I'm gonna write that down. I'm
gonna come back to it here in just a second,
because you're about to find out what the rest of
the country says is the perfect salary.
Speaker 3 (24:13):
Okay.
Speaker 2 (24:13):
KFI AM six forty live everywhere on the iHeartRadio app.
Speaker 1 (24:17):
You're listening to KFI AM six forty on demand.
Speaker 3 (24:23):
But I live in Colorado.
Speaker 2 (24:26):
Hullu buck groo. All right, Well, his veranda sounds a
lot like a toilet. I mean, I'm not wrong, right.
Speaker 12 (24:36):
No, I thought he was totally on the toilet. But
I'm glad to clarify, and I'm glad he's okay.
Speaker 3 (24:40):
This is the first fall for those joining us.
Speaker 2 (24:42):
Seven hundred is tonally maybe it's a dog rowling at
the very end, he says, seven hundred, and then here
this seven hundred.
Speaker 3 (24:52):
Yeah, there's a dog rowling, whatever it is.
Speaker 2 (24:54):
Chris merrilf I am six forty more stimulating talk, keeping
you informed on what's really important. Like is our listener
in Colorado on the veranda or the kmmode. These are
the sorts of things that keep you up at night.
There's no doubt he did call and he gave us
an answer though, to the question tonight, what is the
perfect salary for living in southern California?
Speaker 13 (25:15):
He said, perfect salary one ninety three, Yeah, one hundred
and ninety three thousand, seven hundred.
Speaker 3 (25:24):
Flush, Yeah, they're real.
Speaker 6 (25:26):
Uh.
Speaker 2 (25:26):
One ninety three, seven hundred, he says. That's that's probably
a pretty comfortable life in southern California.
Speaker 8 (25:34):
Right, I'll take it.
Speaker 2 (25:36):
I mean, well, I'm thinking household income. Now that's perfect salary.
But household income. If your household income is around two
hundred thousand, uh, that means you're in well, no, because
your house The way I always figure this when you're
trying figure out how much house can I afford? Take
your salary, multiply it by three, right, and that's a
(25:57):
pretty general ballpark area. The old rule of twenty nine
is you're not supposed to spend more than twenty nine
percent of your of your salary on a mortgage. That's
kind of edged up a little bit. And here in
California it's tough to do less than fifty.
Speaker 13 (26:11):
Uh.
Speaker 2 (26:11):
But so I always figure take your take your household income,
multiply that by three. That's gonna give you about your
rule of your rule of twenty nine, or a round
about thirty percent. Okay, about a third used to be
that way. Then mortgage rates have gone up, so now
you can even multiply it by three for easy math. Well,
let's just continue using easy math. That puts you in
a six hundred thousand dollars house. Can you raise a
(26:36):
family in a safe neighborhood and have enough room around
here for six hundred thousand dollars and around the metro
Maybe you're in a more outlying area, Maybe you're you're
off the off the grid a little bit. Maybe you're
don't know, analytic Valley or something, and where prices might
be a little lower. But if you're station here is
in Burbank. I don't think I can find anything to
(26:57):
raise a family in. I mean, I'm sure not getting
a three bedroom, two bath with a white picket fence
and a two car garage for six hundred thousand dollars
per bank. Certainly not Pasadena Glendale. I guess maybe Cayl
(27:18):
is that enough? Could you raise a family on two
hundred thousand dollars?
Speaker 3 (27:24):
Good talk? Good talk? She's here? Oh there you are?
Speaker 8 (27:28):
Hey, ask it again?
Speaker 12 (27:29):
Because you know when you talk on tune out?
Speaker 3 (27:33):
Do you know why?
Speaker 2 (27:34):
I like Kayla is the producer because she is reflective
of the entire audience. That's exactly what it is. Could
you raise a family on two undred thousand? I mean
it could, it could, yeah, But is that really enough
to raise the family the way that you want to?
Speaker 3 (27:50):
Now? I'm not talking about moving to Beverly Hills.
Speaker 2 (27:52):
I'm talking about raising a nice middle class family, three bedroom,
two bath, white picket fence, two car garage, American dream
you know, dog in the litter box, cot in the doghouse,
all those things.
Speaker 8 (28:07):
Yeah, I think I.
Speaker 12 (28:07):
Think I could do that. I would just yeah, I
will have to live a little bit. You know, I
can't do what I like to do now, but I
can make it work.
Speaker 3 (28:14):
Okay, very good.
Speaker 2 (28:16):
According to America, you don't need anywhere close to that.
Speaker 14 (28:20):
Half of Americans say they're not making enough money to
support their lifestyle. A new survey by Talker Research found
US workers say seventy four thousand dollars a year is
the perfect average salary for them. What twenty percent say
they will go even higher and ask for a six
figure salary. Researchers say twenty four percent of Americans just
they're not happy with their current income. They're not only
(28:41):
worried about pay, though, Workers are also wanting better benefits,
work life balance, and flexibility at work.
Speaker 2 (28:49):
Okay, I want work life balance, I want flexibility at work.
I also want double my salary and okay, yeah, we
all want that, but we're not gonna get all of it.
I mean, there are a few people who, for one
reason or another either great education and able to make
it pay off, or they were in the right place
(29:10):
at the right time they're able to do that. But
generally speaking, you're not gonna get all those things.
Speaker 14 (29:15):
So I am Blair's social second. What will be the
ideal salary to support your lifestyle.
Speaker 8 (29:20):
Head to our Facebook page, leave.
Speaker 2 (29:22):
A common yeah, add to the Facebook page, leave a
comma and smash that like button.
Speaker 3 (29:25):
We're all I want to hear what you have.
Speaker 2 (29:26):
To say, Kayla, could you raise your family on seventy
four thousand dollars a year?
Speaker 8 (29:33):
I can't even raise myself on that.
Speaker 2 (29:35):
That's what I'm saying, right, I mean, Talker's Research did
the study and they surveyed Americans around the country, but
only one in five wants six figure incomes.
Speaker 3 (29:45):
That blows my mind.
Speaker 2 (29:47):
Only twenty percent of America says I want to make
six figures.
Speaker 8 (29:52):
That's crazy.
Speaker 2 (29:53):
Look, I have made good money in this business in
the past, much better than I'm making.
Speaker 9 (29:58):
No.
Speaker 3 (30:00):
My son is My son is working hard.
Speaker 2 (30:01):
He's a he's a programmer and he's kind of a
security specialist with a I can't tell you or or
i'd have to I'd end up at a black site. But
he just got a raise and he's really excited about
his raise. And I'm really proud of my oldest son.
He's the only one that doesn't live with us, so
(30:22):
that's that's pretty nice. His goal is to is to
make one hundred thousand dollars, but he speaks about it
like it's the holy grail.
Speaker 3 (30:32):
I think he's making in.
Speaker 2 (30:33):
This range, about the seventy four thousand range, I'm not sure,
maybe not.
Speaker 3 (30:36):
Quite that much. But he's doing okay. He's doing fine.
Speaker 2 (30:39):
Doesn't have any kids, he's not married right, He's got
a girlfriend. They just celebrated the three year anniversary. She's
great for him. I really like her. I hope he
doesn't screw it up. And also I'm glad she's taking
one for the team so nobody else has to be
with him. But whatever he seems to have in his
mind that once he gets to one hundred thousand dollars.
Speaker 3 (30:56):
Cake.
Speaker 2 (30:57):
What astonishes me is how many people believe that if
I could only make thirty percent more, forty percent more,
fifty percent more than I'm making right now, then I
would be set. What's that old saying, no money, more problems.
Speaker 8 (31:11):
That's what they say.
Speaker 3 (31:12):
That's the truth. I told us.
Speaker 2 (31:14):
I've made good I've made good money in the past.
I've made more money than I make right now, lots more.
And I have more money in my pocket at the
end of the week right now than I did when
I was making.
Speaker 3 (31:26):
Double as much because I was spending it like mad.
I had more debt.
Speaker 2 (31:32):
I was putting more money toward credit card interest and
toward car payment interest and all this other stuff. And
it was after I lost my job that my wife
and I went down to one income and decided we
got to get out of debt. That we we suddenly
cut everything we didn't need out of our lives. I mean,
we weren't going out to eat. We sold the house,
(31:52):
we sold the car. We were both driving beaters, but
we said, let's get let's focus and get out of
this debt. I mean, we had like over like seventy
grand in credit card debt alone. That's on top of
the cars and the you know, we sold the house
and got rid of the mortgage, we sold one of
the cars, got rid of that car payment.
Speaker 3 (32:08):
You know.
Speaker 2 (32:10):
But when you're still staring at, you know, seventy grand
in credit card debt, you're thinking, we're never going to
get out of this. And then I lost my job
and so we had to buckle down and do a
lot of hard work and not spend. And suddenly, once
we got out of debt, we never want to go
back into it again.
Speaker 3 (32:26):
Once we got out of debt. It was like, wow,
we got a lot more money. At the end of
the month.
Speaker 2 (32:30):
We have more money now making less money than we
did when we were making more money.
Speaker 3 (32:36):
So just food for thought. Maybe you can learn from
my experience. More stimulating talk.
Speaker 2 (32:42):
Chris Merril and I Am six forty listened anytime on
demand of the iHeartRadio app KFI on Demand
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