February 12, 2026 • 24 mins
(February 12, 2026)
Host of ‘How to Money’ Joel Larsgaard joins the show to discuss young and older folks trading too much, housing affordability, and buying a home with friends. Neuroscientist reveals first generation in history to be less intelligent than their parents.
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Speaker 1 (00:00):
You're listening to Bill Handle on demand from KFI AM
six forty five.
Speaker 2 (00:08):
Got handled here, good morning to one on all Thursday,
February twelfth, and it is time for the Joel Larsguard
how to Monday how to Money Show, heard Sunday twelve
to two pm, all right here on KFI. His social
addresses at how to Money Joel. His website is howtomoney
dot com. And it is time for you, Joel. Good morning,
(00:33):
Hey morning Bill. A few things I want to talk about.
One of them is something that I am not involved with,
although it's about me. Right, I'll explain. I'll explain retired investors.
I'm not retired and I do invest in my entire life.
(00:54):
I've been super conservative about investing. I don't do day trading.
As a matter of fact, I don't specific sock stocks.
I buy funds. Now what happens, and I want you
to comment on this. It seemed to be or the
rule was, is the closer you were to retirement, the
less trading you do. You're now getting into some very
(01:17):
conservative investing, which means no trading because now it's cash
you need because you're going to live on that until
theoretically you die.
Speaker 3 (01:27):
That's not happening now, So explain that.
Speaker 4 (01:30):
Yeah, it's it's interesting because I think when you read
the headlines or you see the snazzy apps, you're assuming
that the people doing the day trading are youngsters, like
with the smartphone in their pocket and the Robin Hood
app on that home screen of that phone, and so
it's you know, it's gen z ers, right, who are
day trading yolow ing, buying the cryptocurrencies and all that stuff.
(01:52):
But the truth is that that behavior has very very
much bled into the retired community. And so there was
a white paper written essentially about how retired investors are
trading a lot more than is advisable. And I think
that's for a couple of reasons. I think one, they've
(02:13):
got more time on their hands, right, they've got more
They've got more money as well, and because of that
combination of things, that more time on their hands means
oh yeah, I'll have CNBC on the background. Oh somebody
said this thing about this or that stock. Maybe I
should make a change, Maybe I should do something, Maybe
I should sell this or buy that. And we know
(02:33):
that the more people trade, the worse they tend to
do performance wise. So this is a really bad idea
for retired people to be one paying as much attention,
because the more attention you're paying to your portfolio and
the movements of the market, I was walking, You're gonna
make You're gonna make bad decisions. I was walking down
the street the other day and two of my neighbors,
(02:54):
who are both retired, were talking about the stock market together,
and I was like, oh gosh, this is not good.
Like there's something to be said for just kind of
out of side, out of mind. Yes, you have to
pay attention somewhat, but I think if we're like glued
to our screens and what's exactly happening with our portfolio
from moment to moment, that's not a good recipe.
Speaker 3 (03:15):
As far as technology is concerned.
Speaker 2 (03:16):
And you mentioned that all you have to do is
open up your phone, open up an app, and there
are dozens out there and you can make an instant trade.
And so we're talking about and the hearings the trial's
going on right now, TikTok and other major platforms that
are developed developing the algorithms and the apps that go
(03:37):
after kids and kids that kids are looking at this
and all of a sudden, it looks like something they
want to do, and we'll stay there forever. Now let
me make an assumption, and now you quote and you
comment on this. I believe that they're going after kids,
but not the investment people there they don't have to
worry about it. What I'm asking our apps being developed
(04:01):
specifically for those people that have money that are retired.
Speaker 4 (04:07):
I mean, that's yeah, that's a good question. It's I
think a lot of the new apps that are coming
out are specifically targeted towards the younger generation. Like we
I just saw one the other day and it's, uh,
it's specifically about it's like social media for investing, and
so it's it's really trying to get that TikTok crowd
(04:28):
to jump in there and be like, oh, this is fun.
I'm doing the right thing for my future.
Speaker 2 (04:31):
Right, they don't have any money, But these youngsters don't
have any money. All the money is on the other end.
Speaker 4 (04:36):
That's true, but that it's it because it's the money
is often made on like a per trade basis. Like
some of these platforms are still doing decently well. It's
it's it's very different their profitability, how they make money
doesn't come as much. It does partially come, but it
doesn't come as much from assets under management. Right, I'm
not I'm not raking a one percent fee year over
(04:58):
year on this two million dollar portfolio. It's the act
of trading behavior that's beneficial to me, right, if I'm
one of these platforms. And I think to what this
gets to is, there's so much emotion in the investing space, right,
and it's just in the headlines more than ever before.
It's something that is part of in the air we breathe.
(05:18):
And in some ways it's good.
Speaker 1 (05:19):
Right.
Speaker 4 (05:19):
It's democratized, it's available to all via these apps on
our phone and four oh one k like everybody knows
we're talking about when you say that, when you say
that term now, but like twenty five years ago, there
was still like what is that? What's the rothiray? These
things are still semi new fangled, and so there's at
least a certain there's a certain literacy or understanding of
(05:39):
some of the investing terms that we use, but there's
still a lot of lack of financial literacy and the
ability to know how to use those vehicles effectively. And
I think emotion is not that we should divorce ourselves
from emotion to become robots. But in terms of investing,
it's really important to have an idea of exactly what
(06:01):
you're trying to accomplish, the timeline you want to accomplish
it in, and have a reason for buying something in
the first place. I get I got. I was getting questions,
especially in the last few weeks. Oh, I've got a
little bit of silver, I've got a little bitg gold.
Should I be selling this right now because we're at
all time highs or because oh things are starting to
look a little volatile, And it goes the answer always
goes back to why did you buy it in the
(06:22):
first place? What was the point when you first bought
this asset? And if you go back to that and
you have a good reason for holding it, then hold
on to it. And if you don't, you didn't have
a good thesis and it's just gone up and you
got lucky, then get rid of it and buy something
that you hadn't have conviction for and hold for years
and years, if not decades.
Speaker 3 (06:39):
Okay, Joel coming in to break.
Speaker 2 (06:42):
I made the statement that President Trump has described himself
as the affordability president. Yeah, and I have some doubts
about that. But let's talk about how the FEDS, the
administration is dealing with housing affordability.
Speaker 4 (06:58):
Yeah, I mean I have some doubts on that front too.
I think this is one of those things where presidents
often there's like a communication reality that needs to be made,
and then there's like the underlying, Hey, what's my actual
ability to address some of the problems that we face?
And I think we as Americans have bought into the
idea that, well, if I've got this affordability problem, I'm
(07:20):
just looking at the top. I'm going straight to the
CEO of the country, essentially, the president, and the President's
like most of the time over the course of decades,
it's that are more than willing to opine on all
these things that they have very little influence over. And
so the President made some comments on housing the other day,
and I just think it's it's worth discussing what his
(07:40):
viewpoint is on housing. And I try to stay a
political but he basically said that he doesn't care very
much about home prices staying elevated. He wants home prices
to stay elevated because he's more worried about people who
already own homes than for people who don't. And I
(08:01):
just I worry that that one is going to frustrate
people who want to buy a house. But it's just
it's not a great way of thinking. Although it's kind
of a people on both sides of the aisle seem
to kind of have this viewpoint, that sort of nimby approach,
which is like, don't build anything in my backyard, because yeah,
(08:22):
I agree in general in theory we need more housing,
but my goodness, if we build it here, it's gonna
reduce the value of my particular house. And and that's
kind of the impasse that we're at in a lot
of the country that's leading to less building and has
you know, made housing prices continue to be kind of elevated.
Speaker 2 (08:38):
Yeah, in the city of Los Angeles, for example, or
actually a state of California, laws were passed allowing multi
family dwellings on here toofore only single family dwellings on
a lot.
Speaker 3 (08:50):
And believe me, the people next door are not thrilled
with that.
Speaker 4 (08:53):
Yes, yeah, and somebody's gonna lose in that right, and
nobody wants to lose. And if you own a home,
nobody likes to see the value of their home go down.
I understand that, but we also have to realize that
when you look at what's happened over the past in
particular fifteen years, especially the last four to five, the
ramp up in housing prices in rents too, we're starting
(09:15):
to see a correction on both fronts, which is good,
I think for just the ability for other people to
access the housing ladder and to build wealth in this country.
But it's been it's been insane, right, some of the
price growth that we've seen, Oh.
Speaker 3 (09:28):
Yeah, and to the to the point where you can
afford it.
Speaker 2 (09:33):
If young people, even middle aged people can't afford a
home right without help from the government, it's going to
be very difficult, almost impossible. And help from the government
is so much money, because you need two hundred thousand
dollars down for example, a place a middle class not
even I always point out to Burbank with these little
(09:55):
crackerjack houses eleven hundred square feet go over a million dollars.
There's no way, I mean, it's just impossible. The government
couldn't afford that. People can't afford to live their homes,
to buy homes, and even here's a personal story and
that is because I'm Jewish. You probably know that. Here's
what Jews do. They tell their kids, if they can
(10:15):
afford it, will pay for the down payment.
Speaker 3 (10:18):
This is what I did for my kids. I'll tell
you what. I will give you the down payment.
Speaker 2 (10:23):
The good news is they can't afford a mortgage, so
I get the credit for it, and I don't have.
Speaker 3 (10:29):
To pay it.
Speaker 4 (10:31):
Because yeah, they're like you to be generous, but you
can't even with Yeah, it.
Speaker 3 (10:37):
Doesn't ask me, so it's a win, okay.
Speaker 2 (10:39):
And then lastly, I want to go into buying a
home with friends, not a good idea handle on the law.
Every Saturday, inevitably I get questions I bought a home
with a friend, and the friend isn't willing to pay
his half of the taxes, is not willing to be involved.
Speaker 3 (10:56):
What your thoughts on that?
Speaker 4 (10:58):
Yeah, I mean this is because of the elevated price
of housing. Especially the millennial crowd is saying the only
way I'm going to ever own a home. I guess,
especially if I'm not married and I'm delaying that or
just not interested, is co bying with a friend, and
so it worries me. It's like from a legal perspective,
(11:21):
but also from a financial perspective, and how well, what
is this financial arrangement going to look like? What if
there's like a falling out in the friendship And I
just think that there's a finite timeline and you can
keep extending it, like when you're renting together, but there's
an infinite timeline with home ownership and what happens if
somebody gets a job in another city even I mean,
there are all these idiosyncrasies when you buy with someone
(11:45):
who's a friend that are really it's really hard to
predict the future and the things that that could happen.
When when you rent you're just not as fiscally tied
to another individual, the losses you could sustain are so
much less then if you buy a home and you
really screw things up, whether it's in the friendship or
something else on the on the margin. So I guess
(12:06):
I'm just worried about this trend taking off because I
don't see it as a good thing.
Speaker 2 (12:10):
Yeah, quick point, by the way, the dog barking is
a recording that I have put on the air just
to ruin your segments. It's not actually my dogs that
came into the studio, my home studio and started barking.
And so it is time for a dog zapper, you know,
one of those those callers that really really give a
(12:34):
lot of electricity. I'm going to get that dog. I'm
going to video this too. My dog is going to
start start barking. I'm going to hit this thing. It's
gonna be a cattle prod level of electricity. And you
will actually see the dog jump up and legs splayed out.
It's like it's levitating up.
Speaker 4 (12:54):
So anyway, I can envision the PEDA protesters lining up
in front of your house right now.
Speaker 3 (12:58):
I hope, so, I hope so. So anyway, yeah, it's
gonna be that. Did it?
Speaker 2 (13:03):
Now we get to do the zapper? All right, it's
so there you go. How we ended our segment. Dog's barking, Joel,
thank you, Thanks, Bill, appreciate you you on Sunday. Yeah,
so let me ask them, me and Neil Amy will
cono and how does that in the way my dog's
going crazy?
Speaker 3 (13:21):
Does that really get in the way of the show
or is it? Is it additive? It's an additive. It's funny, Okay.
Speaker 1 (13:28):
I think it was nice that you let it slide
you didn't point to it, You didn't draw attention to it.
Speaker 3 (13:33):
Oh, yes, exactly, I pointed to it.
Speaker 2 (13:37):
Dog dog sneaked into my studio and started barking, and Lindsey,
I don't know. I had to ask Linz because she's
the one that picked up the dog and left. At
this point, I'm either going to have the vocal cords
surgically removed.
Speaker 3 (13:51):
And or or do the Uh. Oh I could have
turned off my mic I never thought of that. Actually,
what a great idea, mister technology at work. I never
thought of that.
Speaker 2 (14:05):
Okay, now a statement that I want to make to
you and think this through for a moment. Gen Zers
have become the first generation since records began to be
less intelligence than their partners than their parents. Okay, that's easy.
If you ever met my kids, that answers the question.
(14:27):
And by the way, it's not me telling you how
bright I am either. It's just while gen zers are
less intelligent. Doctor Jared Cooney Horvath, who's a former teacher
turned neuroscientists, and he was in front of Congress and
he said the generation born between nineteen ninety seven and
the early twenty tens have been cognitively stunted by over
(14:51):
reliance on digital technology in school. So this has to
do with school work and school learning. And again this
is not anecnodal. This is not g My kids aren't
as smarter, This generation isn't as smart. This is, as
I've said, real science, and I love to do that. Now,
records about cognitive development started in the late eighteen hundreds,
(15:17):
and since those records have been kept, Gen Z is
now officially officially the first group to ever score lower
than the generation before them, declining in attention, memory, reading,
and math skills, problem solving abilities overall.
Speaker 3 (15:35):
IQ again, meet my children.
Speaker 2 (15:40):
The cause is directly tied to the increase in the
amount of learning that is now carried out on educational technology.
He describes it ed tech, which includes computers, tablets, etc. Now,
the neuroscientists, Horvath explained, the general that this generation has
(16:01):
fallen behind is because and how here.
Speaker 3 (16:04):
Comes the science that's been studied, Because the.
Speaker 2 (16:07):
Human brain was never wired to learn from short clips
seen online, reading brief sentences that sum up larger books
and complete ideas. In other words, the brain should be rewired,
but it takes millennia to rewire a brain genetically speaking
(16:30):
when we're talking about evolutionarily speaking. And so what's happening
is this technology has just changed the way we learn.
More than half the time a teenager is awake half
of it, half of it is spent staring at a screen.
Speaker 3 (16:45):
Okay, no surprise there.
Speaker 2 (16:48):
Humans are biologically programmed to learn from other humans and
from deep study, not flipping through screens for bullet points.
And that's where most of it is coming from. So
Horvath and other experts were speaking to Congress and explain
that humans evolved to learn best through real human interaction,
(17:11):
meeting face to face with teachers and peers.
Speaker 3 (17:15):
They don't do that. What do they do.
Speaker 2 (17:18):
It's all about screens, that's what they do. They communicate
with shorter sentences, they don't speak person to person. And
Horvath said that screens actually disrupt the natural biological processes
that build deep understanding, deep memory, and focus. It just
(17:42):
isn't being done. Technology is well. Technology moves forward, Riq
moves backwards again, just have a conversation with my kids.
He is the director of l M E Globe and
it's a group that shares brain and behavioral research again
(18:04):
science with businesses and schools, and he said, look at
the data. It clearly shows that cognitive abilities began to
plateau and even decline.
Speaker 3 (18:15):
Around twenty ten.
Speaker 2 (18:18):
And this doctor, the neuroscientists now, doctor Jared Horbath is
in front of Congress and explained it all. And what
he said is that what gen zers are about, they're
basically the first generation that from the moment they were born.
It's tablets, computers, and cell phones and that.
Speaker 3 (18:41):
Is what they are learning with.
Speaker 2 (18:42):
I mean even in school, because how many programs you
see in school where they hand out computers. I mean,
that went on and that still goes on. And what
he says is that humans have evolved to learn best
through real human interaction, face to face with teachers and peers,
(19:03):
and not from screens. Those screens disrupt the natural biological
processes that build a deep understanding and memory and focus.
So here's where it gets interesting. It's not about poor implementation,
in adequate training, or a need for better apps. The
technology itself is mismatched with how our brains work, how
(19:27):
they grow, how they retain information.
Speaker 3 (19:29):
He is the.
Speaker 2 (19:30):
Director of this LME Global shares brain and behavioral research
with businesses and schools. And there's the data cognitive abilities
began to plateau and then decline around twenty ten, and
he told the senators in front of a Senate hearing
that human biology evolves too slowly for this to have
(19:53):
been the reason. He said, the answer appears to be
the tools we are using within the schools to drive
a look at the learning. If you look at the data,
once countries adopt digital technology in schools, performance goes down significantly.
There's a direct correlation. And the US isn't the only
(20:14):
country affected. Eighty countries were researched and across the board
a six decade trend of poor learning and outcomes in
school So kids using computers for five hours a day,
which is not unusual, and specifically for their schoolwork scored
noticeably noticeably lower lower. And this is data from the
(20:37):
National Assessment of Educational Progress NAPE. It was uncovered when
the States rolled out their one to one device programs.
Each student gets their own computer, and that's when scores flattened,
scores drop, and I mean quickly.
Speaker 3 (20:54):
So here we have.
Speaker 2 (20:55):
Centuries of data, centuries of data that gen Z has
fallen off this constant human development path. And he went
further and said many teens the young adults are completely
unaware of their struggle. Actually are proud of their intelligence
and what he said, and this is great. Most of
(21:17):
these young people are overconfident about how smart they are.
As a matter of fact, the smarter people think they
are the dumber they actually are.
Speaker 1 (21:26):
Have you ever heard or studied anything about the Dunning
Kruger effect.
Speaker 4 (21:32):
It's fascinating.
Speaker 1 (21:33):
It's all about that, how dumb people are not smart
enough to know they're not smart.
Speaker 2 (21:39):
Essentially, Yeah, it makes say we don't know the question,
if you don't know the questions even.
Speaker 4 (21:43):
To ask yeah, yeah.
Speaker 2 (21:46):
And gen Z has become so comfortable with this information
outside of class through short attention escaping sentences, video clips.
They look at TikTok and with a lot of schools
have done, if there's a given up and they now
use the TikTok method as a teaching method. They said,
we're giving up the ghost. This is the way kids learn,
this is the way we're going to teach them. And
(22:08):
so what do kids do on computers? What do we
all do? We skim We rather than determining what we
want our kids to do and geary information towards that,
we're redefining education to use the tool. That's not progress.
We're not using the tool to better our education. We're
using we're using our education to go to the tool.
(22:33):
And so we're redefining education. That's not progress, that's surrender,
he said. And so what are the answers if there
are any well? Imposing delays on giving kids smartphones? Now,
give them back flip phones so.
Speaker 5 (22:51):
They can talk, they can text, taking nationwide action to
normalize limits on the tech in school, don't use tech
in school, force the issue, make them write essays.
Speaker 3 (23:06):
No skimming allowed at all? Now is that going to happen?
Who the hell knows.
Speaker 2 (23:13):
By the way, just a quick word, we're podcasting this segment,
and just the headlines of this segment you can get
so you don't need to listen to the entire segment.
Speaker 3 (23:25):
So make sure you go to the KFI AM or go.
Speaker 2 (23:28):
To the iHeart Radio app and skim the segments that
we do.
Speaker 3 (23:34):
All right, We're done, guys. That's it.
Speaker 2 (23:37):
Gary and Shannon up next. Then we start tomorrow all
over again. Amy and Will and if Kono. Of course
they're always here doing what they do, which I've yet
to figure out what they do.
Speaker 3 (23:49):
And Neil and I are here at.
Speaker 2 (23:52):
Six o'clock till nine o'clock, which is just about now. Okay,
nice talking to you. This is k five AM six.
Speaker 3 (24:02):
You've been listening to the Bill Handle Show.
Speaker 2 (24:04):
Catch my show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
You're listening to Bill Handle on demand from KFI AM
six forty five.
Speaker 2 (00:08):
Got handled here, good morning to one on all Thursday,
February twelfth, and it is time for the Joel Larsguard
how to Monday how to Money Show, heard Sunday twelve
to two pm, all right here on KFI. His social
addresses at how to Money Joel. His website is howtomoney
dot com. And it is time for you, Joel. Good morning,
(00:33):
Hey morning Bill. A few things I want to talk about.
One of them is something that I am not involved with,
although it's about me. Right, I'll explain. I'll explain retired investors.
I'm not retired and I do invest in my entire life.
(00:54):
I've been super conservative about investing. I don't do day trading.
As a matter of fact, I don't specific sock stocks.
I buy funds. Now what happens, and I want you
to comment on this. It seemed to be or the
rule was, is the closer you were to retirement, the
less trading you do. You're now getting into some very
(01:17):
conservative investing, which means no trading because now it's cash
you need because you're going to live on that until
theoretically you die.
Speaker 3 (01:27):
That's not happening now, So explain that.
Speaker 4 (01:30):
Yeah, it's it's interesting because I think when you read
the headlines or you see the snazzy apps, you're assuming
that the people doing the day trading are youngsters, like
with the smartphone in their pocket and the Robin Hood
app on that home screen of that phone, and so
it's you know, it's gen z ers, right, who are
day trading yolow ing, buying the cryptocurrencies and all that stuff.
(01:52):
But the truth is that that behavior has very very
much bled into the retired community. And so there was
a white paper written essentially about how retired investors are
trading a lot more than is advisable. And I think
that's for a couple of reasons. I think one, they've
(02:13):
got more time on their hands, right, they've got more
They've got more money as well, and because of that
combination of things, that more time on their hands means
oh yeah, I'll have CNBC on the background. Oh somebody
said this thing about this or that stock. Maybe I
should make a change, Maybe I should do something, Maybe
I should sell this or buy that. And we know
(02:33):
that the more people trade, the worse they tend to
do performance wise. So this is a really bad idea
for retired people to be one paying as much attention,
because the more attention you're paying to your portfolio and
the movements of the market, I was walking, You're gonna
make You're gonna make bad decisions. I was walking down
the street the other day and two of my neighbors,
(02:54):
who are both retired, were talking about the stock market together,
and I was like, oh gosh, this is not good.
Like there's something to be said for just kind of
out of side, out of mind. Yes, you have to
pay attention somewhat, but I think if we're like glued
to our screens and what's exactly happening with our portfolio
from moment to moment, that's not a good recipe.
Speaker 3 (03:15):
As far as technology is concerned.
Speaker 2 (03:16):
And you mentioned that all you have to do is
open up your phone, open up an app, and there
are dozens out there and you can make an instant trade.
And so we're talking about and the hearings the trial's
going on right now, TikTok and other major platforms that
are developed developing the algorithms and the apps that go
(03:37):
after kids and kids that kids are looking at this
and all of a sudden, it looks like something they
want to do, and we'll stay there forever. Now let
me make an assumption, and now you quote and you
comment on this. I believe that they're going after kids,
but not the investment people there they don't have to
worry about it. What I'm asking our apps being developed
(04:01):
specifically for those people that have money that are retired.
Speaker 4 (04:07):
I mean, that's yeah, that's a good question. It's I
think a lot of the new apps that are coming
out are specifically targeted towards the younger generation. Like we
I just saw one the other day and it's, uh,
it's specifically about it's like social media for investing, and
so it's it's really trying to get that TikTok crowd
(04:28):
to jump in there and be like, oh, this is fun.
I'm doing the right thing for my future.
Speaker 2 (04:31):
Right, they don't have any money, But these youngsters don't
have any money. All the money is on the other end.
Speaker 4 (04:36):
That's true, but that it's it because it's the money
is often made on like a per trade basis. Like
some of these platforms are still doing decently well. It's
it's it's very different their profitability, how they make money
doesn't come as much. It does partially come, but it
doesn't come as much from assets under management. Right, I'm
not I'm not raking a one percent fee year over
(04:58):
year on this two million dollar portfolio. It's the act
of trading behavior that's beneficial to me, right, if I'm
one of these platforms. And I think to what this
gets to is, there's so much emotion in the investing space, right,
and it's just in the headlines more than ever before.
It's something that is part of in the air we breathe.
(05:18):
And in some ways it's good.
Speaker 1 (05:19):
Right.
Speaker 4 (05:19):
It's democratized, it's available to all via these apps on
our phone and four oh one k like everybody knows
we're talking about when you say that, when you say
that term now, but like twenty five years ago, there
was still like what is that? What's the rothiray? These
things are still semi new fangled, and so there's at
least a certain there's a certain literacy or understanding of
(05:39):
some of the investing terms that we use, but there's
still a lot of lack of financial literacy and the
ability to know how to use those vehicles effectively. And
I think emotion is not that we should divorce ourselves
from emotion to become robots. But in terms of investing,
it's really important to have an idea of exactly what
(06:01):
you're trying to accomplish, the timeline you want to accomplish
it in, and have a reason for buying something in
the first place. I get I got. I was getting questions,
especially in the last few weeks. Oh, I've got a
little bit of silver, I've got a little bitg gold.
Should I be selling this right now because we're at
all time highs or because oh things are starting to
look a little volatile, And it goes the answer always
goes back to why did you buy it in the
(06:22):
first place? What was the point when you first bought
this asset? And if you go back to that and
you have a good reason for holding it, then hold
on to it. And if you don't, you didn't have
a good thesis and it's just gone up and you
got lucky, then get rid of it and buy something
that you hadn't have conviction for and hold for years
and years, if not decades.
Speaker 3 (06:39):
Okay, Joel coming in to break.
Speaker 2 (06:42):
I made the statement that President Trump has described himself
as the affordability president. Yeah, and I have some doubts
about that. But let's talk about how the FEDS, the
administration is dealing with housing affordability.
Speaker 4 (06:58):
Yeah, I mean I have some doubts on that front too.
I think this is one of those things where presidents
often there's like a communication reality that needs to be made,
and then there's like the underlying, Hey, what's my actual
ability to address some of the problems that we face?
And I think we as Americans have bought into the
idea that, well, if I've got this affordability problem, I'm
(07:20):
just looking at the top. I'm going straight to the
CEO of the country, essentially, the president, and the President's
like most of the time over the course of decades,
it's that are more than willing to opine on all
these things that they have very little influence over. And
so the President made some comments on housing the other day,
and I just think it's it's worth discussing what his
(07:40):
viewpoint is on housing. And I try to stay a
political but he basically said that he doesn't care very
much about home prices staying elevated. He wants home prices
to stay elevated because he's more worried about people who
already own homes than for people who don't. And I
(08:01):
just I worry that that one is going to frustrate
people who want to buy a house. But it's just
it's not a great way of thinking. Although it's kind
of a people on both sides of the aisle seem
to kind of have this viewpoint, that sort of nimby approach,
which is like, don't build anything in my backyard, because yeah,
(08:22):
I agree in general in theory we need more housing,
but my goodness, if we build it here, it's gonna
reduce the value of my particular house. And and that's
kind of the impasse that we're at in a lot
of the country that's leading to less building and has
you know, made housing prices continue to be kind of elevated.
Speaker 2 (08:38):
Yeah, in the city of Los Angeles, for example, or
actually a state of California, laws were passed allowing multi
family dwellings on here toofore only single family dwellings on
a lot.
Speaker 3 (08:50):
And believe me, the people next door are not thrilled
with that.
Speaker 4 (08:53):
Yes, yeah, and somebody's gonna lose in that right, and
nobody wants to lose. And if you own a home,
nobody likes to see the value of their home go down.
I understand that, but we also have to realize that
when you look at what's happened over the past in
particular fifteen years, especially the last four to five, the
ramp up in housing prices in rents too, we're starting
(09:15):
to see a correction on both fronts, which is good,
I think for just the ability for other people to
access the housing ladder and to build wealth in this country.
But it's been it's been insane, right, some of the
price growth that we've seen, Oh.
Speaker 3 (09:28):
Yeah, and to the to the point where you can
afford it.
Speaker 2 (09:33):
If young people, even middle aged people can't afford a
home right without help from the government, it's going to
be very difficult, almost impossible. And help from the government
is so much money, because you need two hundred thousand
dollars down for example, a place a middle class not
even I always point out to Burbank with these little
(09:55):
crackerjack houses eleven hundred square feet go over a million dollars.
There's no way, I mean, it's just impossible. The government
couldn't afford that. People can't afford to live their homes,
to buy homes, and even here's a personal story and
that is because I'm Jewish. You probably know that. Here's
what Jews do. They tell their kids, if they can
(10:15):
afford it, will pay for the down payment.
Speaker 3 (10:18):
This is what I did for my kids. I'll tell
you what. I will give you the down payment.
Speaker 2 (10:23):
The good news is they can't afford a mortgage, so
I get the credit for it, and I don't have.
Speaker 3 (10:29):
To pay it.
Speaker 4 (10:31):
Because yeah, they're like you to be generous, but you
can't even with Yeah, it.
Speaker 3 (10:37):
Doesn't ask me, so it's a win, okay.
Speaker 2 (10:39):
And then lastly, I want to go into buying a
home with friends, not a good idea handle on the law.
Every Saturday, inevitably I get questions I bought a home
with a friend, and the friend isn't willing to pay
his half of the taxes, is not willing to be involved.
Speaker 3 (10:56):
What your thoughts on that?
Speaker 4 (10:58):
Yeah, I mean this is because of the elevated price
of housing. Especially the millennial crowd is saying the only
way I'm going to ever own a home. I guess,
especially if I'm not married and I'm delaying that or
just not interested, is co bying with a friend, and
so it worries me. It's like from a legal perspective,
(11:21):
but also from a financial perspective, and how well, what
is this financial arrangement going to look like? What if
there's like a falling out in the friendship And I
just think that there's a finite timeline and you can
keep extending it, like when you're renting together, but there's
an infinite timeline with home ownership and what happens if
somebody gets a job in another city even I mean,
there are all these idiosyncrasies when you buy with someone
(11:45):
who's a friend that are really it's really hard to
predict the future and the things that that could happen.
When when you rent you're just not as fiscally tied
to another individual, the losses you could sustain are so
much less then if you buy a home and you
really screw things up, whether it's in the friendship or
something else on the on the margin. So I guess
(12:06):
I'm just worried about this trend taking off because I
don't see it as a good thing.
Speaker 2 (12:10):
Yeah, quick point, by the way, the dog barking is
a recording that I have put on the air just
to ruin your segments. It's not actually my dogs that
came into the studio, my home studio and started barking.
And so it is time for a dog zapper, you know,
one of those those callers that really really give a
(12:34):
lot of electricity. I'm going to get that dog. I'm
going to video this too. My dog is going to
start start barking. I'm going to hit this thing. It's
gonna be a cattle prod level of electricity. And you
will actually see the dog jump up and legs splayed out.
It's like it's levitating up.
Speaker 4 (12:54):
So anyway, I can envision the PEDA protesters lining up
in front of your house right now.
Speaker 3 (12:58):
I hope, so, I hope so. So anyway, yeah, it's
gonna be that. Did it?
Speaker 2 (13:03):
Now we get to do the zapper? All right, it's
so there you go. How we ended our segment. Dog's barking, Joel,
thank you, Thanks, Bill, appreciate you you on Sunday. Yeah,
so let me ask them, me and Neil Amy will
cono and how does that in the way my dog's
going crazy?
Speaker 3 (13:21):
Does that really get in the way of the show
or is it? Is it additive? It's an additive. It's funny, Okay.
Speaker 1 (13:28):
I think it was nice that you let it slide
you didn't point to it, You didn't draw attention to it.
Speaker 3 (13:33):
Oh, yes, exactly, I pointed to it.
Speaker 2 (13:37):
Dog dog sneaked into my studio and started barking, and Lindsey,
I don't know. I had to ask Linz because she's
the one that picked up the dog and left. At
this point, I'm either going to have the vocal cords
surgically removed.
Speaker 3 (13:51):
And or or do the Uh. Oh I could have
turned off my mic I never thought of that. Actually,
what a great idea, mister technology at work. I never
thought of that.
Speaker 2 (14:05):
Okay, now a statement that I want to make to
you and think this through for a moment. Gen Zers
have become the first generation since records began to be
less intelligence than their partners than their parents. Okay, that's easy.
If you ever met my kids, that answers the question.
(14:27):
And by the way, it's not me telling you how
bright I am either. It's just while gen zers are
less intelligent. Doctor Jared Cooney Horvath, who's a former teacher
turned neuroscientists, and he was in front of Congress and
he said the generation born between nineteen ninety seven and
the early twenty tens have been cognitively stunted by over
(14:51):
reliance on digital technology in school. So this has to
do with school work and school learning. And again this
is not anecnodal. This is not g My kids aren't
as smarter, This generation isn't as smart. This is, as
I've said, real science, and I love to do that. Now,
records about cognitive development started in the late eighteen hundreds,
(15:17):
and since those records have been kept, Gen Z is
now officially officially the first group to ever score lower
than the generation before them, declining in attention, memory, reading,
and math skills, problem solving abilities overall.
Speaker 3 (15:35):
IQ again, meet my children.
Speaker 2 (15:40):
The cause is directly tied to the increase in the
amount of learning that is now carried out on educational technology.
He describes it ed tech, which includes computers, tablets, etc. Now,
the neuroscientists, Horvath explained, the general that this generation has
(16:01):
fallen behind is because and how here.
Speaker 3 (16:04):
Comes the science that's been studied, Because the.
Speaker 2 (16:07):
Human brain was never wired to learn from short clips
seen online, reading brief sentences that sum up larger books
and complete ideas. In other words, the brain should be rewired,
but it takes millennia to rewire a brain genetically speaking
(16:30):
when we're talking about evolutionarily speaking. And so what's happening
is this technology has just changed the way we learn.
More than half the time a teenager is awake half
of it, half of it is spent staring at a screen.
Speaker 3 (16:45):
Okay, no surprise there.
Speaker 2 (16:48):
Humans are biologically programmed to learn from other humans and
from deep study, not flipping through screens for bullet points.
And that's where most of it is coming from. So
Horvath and other experts were speaking to Congress and explain
that humans evolved to learn best through real human interaction,
(17:11):
meeting face to face with teachers and peers.
Speaker 3 (17:15):
They don't do that. What do they do.
Speaker 2 (17:18):
It's all about screens, that's what they do. They communicate
with shorter sentences, they don't speak person to person. And
Horvath said that screens actually disrupt the natural biological processes
that build deep understanding, deep memory, and focus. It just
(17:42):
isn't being done. Technology is well. Technology moves forward, Riq
moves backwards again, just have a conversation with my kids.
He is the director of l M E Globe and
it's a group that shares brain and behavioral research again
(18:04):
science with businesses and schools, and he said, look at
the data. It clearly shows that cognitive abilities began to
plateau and even decline.
Speaker 3 (18:15):
Around twenty ten.
Speaker 2 (18:18):
And this doctor, the neuroscientists now, doctor Jared Horbath is
in front of Congress and explained it all. And what
he said is that what gen zers are about, they're
basically the first generation that from the moment they were born.
It's tablets, computers, and cell phones and that.
Speaker 3 (18:41):
Is what they are learning with.
Speaker 2 (18:42):
I mean even in school, because how many programs you
see in school where they hand out computers. I mean,
that went on and that still goes on. And what
he says is that humans have evolved to learn best
through real human interaction, face to face with teachers and peers,
(19:03):
and not from screens. Those screens disrupt the natural biological
processes that build a deep understanding and memory and focus.
So here's where it gets interesting. It's not about poor implementation,
in adequate training, or a need for better apps. The
technology itself is mismatched with how our brains work, how
(19:27):
they grow, how they retain information.
Speaker 3 (19:29):
He is the.
Speaker 2 (19:30):
Director of this LME Global shares brain and behavioral research
with businesses and schools. And there's the data cognitive abilities
began to plateau and then decline around twenty ten, and
he told the senators in front of a Senate hearing
that human biology evolves too slowly for this to have
(19:53):
been the reason. He said, the answer appears to be
the tools we are using within the schools to drive
a look at the learning. If you look at the data,
once countries adopt digital technology in schools, performance goes down significantly.
There's a direct correlation. And the US isn't the only
(20:14):
country affected. Eighty countries were researched and across the board
a six decade trend of poor learning and outcomes in
school So kids using computers for five hours a day,
which is not unusual, and specifically for their schoolwork scored
noticeably noticeably lower lower. And this is data from the
(20:37):
National Assessment of Educational Progress NAPE. It was uncovered when
the States rolled out their one to one device programs.
Each student gets their own computer, and that's when scores flattened,
scores drop, and I mean quickly.
Speaker 3 (20:54):
So here we have.
Speaker 2 (20:55):
Centuries of data, centuries of data that gen Z has
fallen off this constant human development path. And he went
further and said many teens the young adults are completely
unaware of their struggle. Actually are proud of their intelligence
and what he said, and this is great. Most of
(21:17):
these young people are overconfident about how smart they are.
As a matter of fact, the smarter people think they
are the dumber they actually are.
Speaker 1 (21:26):
Have you ever heard or studied anything about the Dunning
Kruger effect.
Speaker 4 (21:32):
It's fascinating.
Speaker 1 (21:33):
It's all about that, how dumb people are not smart
enough to know they're not smart.
Speaker 2 (21:39):
Essentially, Yeah, it makes say we don't know the question,
if you don't know the questions even.
Speaker 4 (21:43):
To ask yeah, yeah.
Speaker 2 (21:46):
And gen Z has become so comfortable with this information
outside of class through short attention escaping sentences, video clips.
They look at TikTok and with a lot of schools
have done, if there's a given up and they now
use the TikTok method as a teaching method. They said,
we're giving up the ghost. This is the way kids learn,
this is the way we're going to teach them. And
(22:08):
so what do kids do on computers? What do we
all do? We skim We rather than determining what we
want our kids to do and geary information towards that,
we're redefining education to use the tool. That's not progress.
We're not using the tool to better our education. We're
using we're using our education to go to the tool.
(22:33):
And so we're redefining education. That's not progress, that's surrender,
he said. And so what are the answers if there
are any well? Imposing delays on giving kids smartphones? Now,
give them back flip phones so.
Speaker 5 (22:51):
They can talk, they can text, taking nationwide action to
normalize limits on the tech in school, don't use tech
in school, force the issue, make them write essays.
Speaker 3 (23:06):
No skimming allowed at all? Now is that going to happen?
Who the hell knows.
Speaker 2 (23:13):
By the way, just a quick word, we're podcasting this segment,
and just the headlines of this segment you can get
so you don't need to listen to the entire segment.
Speaker 3 (23:25):
So make sure you go to the KFI AM or go.
Speaker 2 (23:28):
To the iHeart Radio app and skim the segments that
we do.
Speaker 3 (23:34):
All right, We're done, guys. That's it.
Speaker 2 (23:37):
Gary and Shannon up next. Then we start tomorrow all
over again. Amy and Will and if Kono. Of course
they're always here doing what they do, which I've yet
to figure out what they do.
Speaker 3 (23:49):
And Neil and I are here at.
Speaker 2 (23:52):
Six o'clock till nine o'clock, which is just about now. Okay,
nice talking to you. This is k five AM six.
Speaker 3 (24:02):
You've been listening to the Bill Handle Show.
Speaker 2 (24:04):
Catch my show Monday through Friday, six am to nine am,
and anytime on demand on the iHeartRadio app
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