The Zach and Pat Show
57. Q&A 4: Crazy Real Estate Stories, Childhood Dreams, Elections and the Markets
(upbeat music) - What is up guys? Welcome back to the Zach and Pat show. I'm Zach. - I'm Pat. - This is the show about manhood, fatherhood, entrepreneurship and the mentality it takes to be successful at those things. And we'll probably sprinkle in some helpful real estate advice too, 'cause that's what Pat and I do. No guys, life can be tough. We can go through some things and struggle at times, but this is the show to let you know that you're not alone. So if you're someone out there going through any of these things, this is the show for you. Shout out to our friends at Neurogum for keeping us energized and focused. Neurogum is a chewing gum as well as they've got some mints. It's got caffeine, l-theanine, vitamins B12 and six. It helps with energy and focus and helps with memory recall. It's got good new tropics to help your brain work good. But I chew it all the time. I like to chew it whenever I'm working out, whenever I'm driving around showing houses. Sometimes while I'm drilling in Jiu Jitsu, it just helps me, it gives me a quick little pick me up without all the jitters of energy drink. I'm a big consumer of caffeine and sometimes I think I need to lay low on it for a little bit or maybe I've had too much that day, but I feel like I need a little bit. It's about 40 milligrams per piece, so about half a cup of coffee per piece of gum. So get out there and try some neurogum. I was chewing neurogum with literally 10 o'clock vaccinate after an energy drink at 6 p.m. So I kind of hate my life right now. But yeah, guys, today's another Q&A episode. These are some of our favorites to do. They're just super, they're always fun and always kind of spark good, interesting conversation and they're a lot of fun. So we put some question boxes out on our Instagrams and we get some listeners and some friends of ours that answer some questions or throw some questions out there for us to talk about. So be on the lookout for those the next time we post it. You know, if you're a listener of the show, make sure you comment something and we'll definitely, we'll shout you out. So yeah, so do, which one do you want to start with, Pat? - Oh, just get rockin' and rollin' on this and start with what was your biggest dream as a child? - Man, it's just, I guess it depends on like what age because I mean, I feel like was your play professional baseball? - Actually, no, it was play professional hockey. - Really? - Yeah, when I was, I wanted to be a pro hockey player. So shout out to the guy who asked that, our French friend. - Yeah. - Louis. - Louis. - Make scene Louis Frenchy. - Yeah, so no, I grew up playing hockey hockey was my favorite sport and I always wanted to be a professional hockey player. And yeah, until I got to, I guess it was about middle school then that's when that dream changed to from hockey to baseball. - Really? - Yeah. - I mean, when I was like a young kid, I mean, I was never good at skateboarding but I wanted to be a professional skateboarder because I was so in the, I just, I watched all the shit. I was super into like the jackass guys and like all that. I just like wanted to do that shit. You know, it sounds so stupid. And then I was never, I was never very good at skateboarding but I just like thought it was the coolest thing. And I was like, man, if I could do that. - You know what got me into skateboarding? I was-- - The games, the Tony Hawk games. - No, back to the future. - Really? - Yeah, back to the future. Marty McFly and his skateboard and then the hover board and all that, like, I'm like-- - Looks so fun. - I was like, damn, I want to be cool like that. - There's so many like good movies that like have that like opening scene of like a dude like skateboarding to school and like riding through a neighborhood. Like, you know, I think we talked about it before. But grind, like the very opening scene of that where the dude's just like, you know, just going like to high school or something. And it's, you know, just like cutting through the whole city. You know, like, you know, like jumping over shit and like, it was just like, oh, it's so cool. - Yeah. - Well, and that and then like, remember three ninjas when they're all riding their bikes. That's the perfect example. - Yeah. - And then you have what was the movie? - Oh, was it, was it right? What's the movie on from Disney? - The Brink. - Brink. - Brink dude. - Pump and suds. (laughing) - Rocket power. - Rocket power. - Yeah, rocket power. - Yeah, super into rocket power. - Yeah. - You will, you will, you will. (laughing) - Johnny Tsunami. - Johnny Tsunami. - Yeah. - I mean, but yeah, that's what we grew up with. And that was kind of the thing back then. That was part of that '90s. - Yeah. - Early 2000s. - Grunge alternative atmosphere that we grew up with. - And wearing baggy jeans. - No, yeah. - And jingo jeans. - Yeah. - And DCs, you know, vans, DCs. - Do you remember those shoes that had the, like, plastic piece in the middle that you could like grind down rails wearing shoes? - Yeah. - I had a couple of pairs of healies. - Yeah. - Nice. - I've never had a healies. - Oh, man. - I used to love going to, like, just department stores with my mom and, like, cruising around. 'Cause, like, those tile floors, you could just, like, cruise. - Cruise forever. - And, you know, I just, you know, and now I walked into, where did we go the other day? It was, what's like that? A hoppy lobby. It literally says, like, no shoes with wheels. On the door, it's got, like, one of those stickers. And it's, like, a picture of a hilly. And, like, with the, like, the line throw is, like, damn, they, like, straight up called out these specific shoes. 'Cause they were a problem. But, yeah, dude, they were, I was just so into, like, anything, anything with wheels and going fast. So, like, I just wanted to do something with that, even though I was never, was never very good at any of that stuff. And then, like, I guess when I got to high school, I mean, I never, I never really had that, like, I knew I was never gonna play professional sports, anything. But, I mean, I guess, I, like, thought, you know, when I was a kid, like, if I could do something with that, or something around that, you know. - Well, it's funny how it's changed. The wheels and goes fast. - Yeah, it's funny how that changed, 'cause it went from, you know, the skateboarding, doing the tricks, and, like, the extreme sports to the more laid back of it with the longboards. And people just cruising on longboards, like, "Am I a neighbor, does it?" Playing the NHL. Here's a goalie. And I've seen him longboarding through the neighborhood and stuff like that, yeah. - Yeah, when I was in college, that was, like, those were, like, really cool. And then, and, but I was in a fraternity, and they were like, they would always make fun of a longboarder, so I never bought one, 'cause I was like, I always wanted one. You know, like, I always, like, secretly wanted one, but, like, I was in this fraternity, and, like, they always, like, hated on the longboarders and shit, and so, I was like, all right, I guess I can't, guess I can't get one, if I want to be in the cool kid club. - Fuck you guys. - Fuck you guys. Would've been way more efficient getting to school. - We've got a nerd on that longboard. - Yeah. - GDI, GDI, fuck. - Hey, hey, hey, hey, tonight. Can I secretly ride that one again? - Yeah, yeah. - Hey, you can, you can say you know me, if you're, like, going to the party, like, will you end? - Yeah. - I know Murph, but if people knew me at the party, that's 'cause I was selling them something. But otherwise, it's kind of interesting, though, because, like, we talk about how the demographic change from, like, extreme sports, like, x-games type shit, to longboarding, it's kind of interesting, though, 'cause, like, you guys probably watched it more than me, 'cause I actually was not interested in skateboarding at all, but, like, we were growing up, 'cause we're all pretty much the same generation, and we had still, like, real people on MTV. - Yeah. - Yeah, dude. I was so, I would love them. - VH1. - VH1. - VH1. - Back when it was still a lot of, like, music? - Yeah. - Music, and then a lot of the shows on there, like, like, I remember-- - Robin Big. - Robin Big. - Viva LaBam. - Viva LaBam. - Oh, yeah, yeah, yes. - I was, like, I loved all that shit. - Wild Boys. - Wild Boys, Steve O. I mean, all that stuff was, like, I was super into that, even, like, the, somebody of the shows, like, I remember watching on MTV, like, Room Raiders. You got another one? - Yeah. - What was the one where they were on the bus? - Oh, uh, the date, next. - Next. - Next was Brutal. - Yeah. - Yo, some people just walk on the bus. - There was a girl from my high school. There was a girl from my high school on that show. - Really? - She was the one that was next in these dudes. - Oh, man. (laughing) - Yeah. - No, looking back on it now, like, God, that shit was so staged. - Oh, my God, yeah, sure. - Dude, do you ever see all the shit that happened with fucking Pimp My Ride? - I don't know. - There's something else coming out right now, like, there's a new, something new on Netflix about, like, something similar with that. - But like, you go back and look at that, like, they were, 'cause that's, you mentioned that's funny, 'cause I was just reading this the other day, that Netflix is coming out with something similar, but I'm like, I'm going back and looking at the shit that they did, like, there was one, like, LED screens in the mud flaps. I'm like, what the fucking, what's the point of that? There's a car with a hot tub in it, like... - Right. - Why? - Why? - Dude. (laughing) - You know, she said she loves going to the movies, so let's put a popcorn maker in the back seat. (laughing) - It's like, what? Like, why? - 'Cause like, they would stick you with the maintenance for these things, and they would often fall apart, 'cause like, oh yeah, we pimped it out, it made it super cool, but like, the car was still usually a piece of shit. - Right. - So if you'd still be stuck with a piece of shit car, you had to fix, but they would be like, oh no, it's authentic, like, you need to act excited. Bitch, the dude is wearing a fucking wired microphone to his shirt, the second exhibit knocks on the door. He's not that excited, he knows he's there, bitch. (laughing) - I'm sorry, I'm a little testy. - I will say, what was the one where they viewed celebrity homes? - Cribs. - Cribs. - Cribs, yeah. - Yeah, Cribs was fired. - That was cool. - Like the original HGTV right there, type of thing. - If you look, if you look, I feel like that's like, kind of the beginning stages of this like, podcast, you know, phenomena, like where everybody's got a show now, and you can see more of people, and like, kind of vlogging, and all this other stuff that's like, become so popular over the last 10 years. - Voyerism. - Yeah, what? - Voyerism, it's when you're like, a fly on the wall with someone else's life, like, it's kind of why I got so big in the music, 'cause I could like, have all this information in my knowledge of like, how these dudes live their lives. - Right, right, right, and yeah, 'cause I mean, but back then, that was all you got, you know? - Yeah. - You got the one interview that when they were on, you know, whatever show, or, you know, did they get the Cribs, where you got to see their house, but that was pretty much the only time that you kind of saw that kind of stuff. But now, everybody's got a show, and everybody's got a vlog, and everybody's got a YouTube channel, so it's like, you can see a lot more of people, but I feel like that was kind of, MTV was the start of that. - The start of it, 'cause you know, that's how I see it. - Was it the Hills, or not the OCE? - Laguna Beach. - Well, some of these are like, dramatic teams, like, teams that was in some of them are actually like, real life shit, right? I didn't actually watch any of that stuff. - Yeah, I mean, I was a weird kid. - Laguna Beach, and the Hills were, well, Laguna Beach was when I was in high school. - Yeah, I was never really interested. - What was the show, and it got memed super hard, but like, it was like a season, and someone like gets shot, and it's like a teen drama, and then like, what just stays starts playing? - You know what I'm talking about? - I have no idea. - Like, it's like a really dramatic shot, and like, someone like gets killed in like this teen drama show, like some good looking teen actor, and then, I don't know where in the background, someone with a sound design starts playing, what'd you say if I had Jason Derulo vote? It's fucking hilarious, and I was like the end of that kind of style of show for a lot of people. - Yeah, I don't know what that was. (dramatic music) (grunting) ♪ What you say ♪ ♪ That you only meant when ♪ - Like, WB was big, 'cause they had all those teen dramas, those high school dramas. - RIP. - Dawson's Creek. - Seventh Heaven. - Seventh Heaven, which one of the guys on that show I played baseball with. - The dad on that show was actually apparently a big creep. - Yeah, really? - And then, what was the other one? - Oh, I love "One Tree Hell", "One Tree Hell", yeah. - Dude, but the fact that we're going at the WB is just like RIP, 'cause it's gonna CW for like 20 years, and it's so fuckin' tough. - Buffy the Vampire Slayer was my shit. - Yeah. - How come the middle was on that motherfucker? - Malcolm in the middle. I love that show. - That was great, and man, man. - Man, but yeah, that's... - Crazy how we got to that off of what's... - Yeah. - We're talking about childhoods. - That's why these episodes are my favorite, 'cause they fucking roll on them. - Go on to the next one. - Actually, you wanna really feel old? I was with Mattie Icy yesterday, and be graduated at same class. Same exact rotor, if you listen, bro. What's up, dude? - Yeah, what's up, Matt? - Yeah, dude, I got my neighbors awesome. - Well, fuckin' no, I looked at Matt. I was like, dude, it's 2024. Do you realize, like in seven years, it's our 20-year ice core, yeah, yeah. - It's crazy. - Wow. - Yeah. - Well, I guess, yeah, mine, my 20-year will be in two years. - We didn't even do like a 10-year thing for us. Did you guys do like a 10-year thing for us? - Fuck no! - We did. I didn't go. - They set it up, I just didn't go. - Yeah, I didn't go. - We had a whole Facebook page dedicated to it. - Yeah, there's a Facebook page, but I think people were trying to do shit, and nobody volunteered to set it up. - No, I know it's who I am anymore, and I like it that way. - Yeah, I'll be honest, I mean. There's little old guy's school. Do you got guys that are really gonna take the time and go and set that and plan that shit up? - Fuck no, it's the chicks. The public school is gonna be the ones who do it. - You're right. - Yeah. - It is a check-o-lantern. - They're the planners of it. They're the ones, yeah, that the, so. - Right. - Shout out to chicks. - Shout out to chicks. - You guys are great. (laughing) - Which brings us to our next question. - Yeah. (laughing) - Whether or not we actually talk about that one. - Here or not, I know, but it's on the list. (laughing) - Next question, I like this one. I thought it was interesting. So, let me pull it up here. - Also my childhood dream was to be Spider-Man. - Yeah. - Yeah. - Don't mind. - It's never too late. - Great power comes great responsibility. - Yes. (laughing) - Would you rather have 30 million at 55 years old or four million at 25 years old? - This is such a good question. - There's so many different ways that you can look at it. Me being the financial guy. I mean, if you assume 7% interest over 30 years, it's gonna be about the exact same amount of money. - Okay, really? - Yeah, so it comes out to about slightly more, if like hundreds of bucks more, not like millions, but hundreds of bucks more if you take the four million at 25 years old. But here's the thing. - And you just put it in a S&P. - S&P. - Well, if you did S&P, you're gonna have way more. - Yeah. - Because I did it at 7% S&P is average than 10. - Yeah. - So, I mean, if you did it that way, you're gonna have way more taking four million at 25. - So what does that pay for your 400, 10% interest? - Yeah. So you're getting, they have 400,000 a year over that period of time. Well, it compounds 'cause-- - Yeah, I mean, I think I definitely did that. I think I take it earlier. - Yeah, obviously. - 'Cause then I can, yeah, I mean, I can, not only could I do that, I could also invest in other things. I could start, you know, just, I feel like a lot of guys need that start, but it's also like, man, if you're just giving, I don't know, you always look at like a lottery winners who, you know, wins stuff and then they're-- - Right, do you have the discipline to-- - To not just blow it. - Right, and so, like, I would rather take the four million at 25 because I feel like there's different avenues that I could take that money. Even if I took three million invested in it and then I took a million to do other things, like invest in real estate and do things like that, I think that would put me in a better financial situation over the 30 years than I would just getting 30 million at 55. - Yeah. - Yeah, I totally agree. - Time's your best asset. - But again, we're all, I mean, we're different. Like, we're in the real estate business. We're in, we're in, we have entrepreneurial, you guys are both entrepreneurs. I'm, you know, sales, but yeah, I think we all, we think alike in how we would manage and do with the money that we have, we would have to do things with. I mean, just think about how many, what you could buy with a million dollars. And that's the thing is you don't even have to buy anything straight out in cash. You know, you can leverage, leverage it. Leverage loans and use the million as down payment on properties. - How many, how many properties do I buy with a million dollars a lot? - I mean, let's call Lee. Let's ask Lee. Yeah, I got a million bucks. - Yeah. He's coming back on the show. - Hey, what are we doing with that, Lee? - Yeah, what are we going? What are we buying? - Yeah, what are we buying? - How many doors can I finance and buy with a million dollars? - Even if you only like did something with 25% of it, let's say there's like a black swan event. Like when the market went through recession in 2007 through 2009, if you had cash on the sidelines for that and there's always floor closures, you're going to be making a lot more than a million dollars or what the hell you're doing. Or how shit might be turning here. - Well shit. I mean, I look at, yeah, I mean, I looked at like, if I go like, where I was at 25, I mean, that's a couple of years out of the crash. And, you know, I'm just like, what kind of cheap, I mean, my parents' friends bought a foreclosure down in what is that? Was it Seaside? Somewhere down in Florida, like one of those areas, Seaside, Rosemary Beach, like somewhere in there, like 400 grand. And they turn around and flip around and sold it for 2.5, just a couple years ago. - Yeah. - I mean, shit. Like that's, and then who knows how much money they made, Airbnb and stuff like that. - For sure. - That's, I mean, that's where my mind goes. - 100%. - You know, people, you know, some people like, oh no, give me the 30 million at 55 a month. Look that. - It's like, what are you, what are you doing till then? - Right. - Like, and then also, yeah, I mean, like those are all, you're wasting all those good years, you know, when you're younger and you got, you know. - Right, 'cause you get so creative with $4 million at a young age, if you're disciplined and smart enough to take on that responsibility. Now, are there enough, are 25 year olds smart enough to do that? - I don't know. I look back to where I was at, again, where I was at at 25. I mean, I was playing Pro Ball and all that. And I look at some of those guys that I played that got signing bonuses and things like that. But they, again, they had financial advisors and everybody that were managing their money. - And you're giving them 10%, you know, you're giving half their money away, probably by the end of it. - Taxes and all that. - Between taxes, management, you know, agents. - If you guys, so there's a guy from St. Louis that was drafted in the first round. - Awesome follow on LinkedIn, the shit that he posts. He's a financial advisor now. He was a first round draft pick, and he was Jacob Turner. - I see a show on Instagram all the time. - Yeah, yeah. - His posts and like breaking down money and then like the sports aspect that he puts into it, like how signing bonuses break down and how these big contracts break down. And everybody's like, how did this guy go bankrupt after so much? Well, he was like, hey, look, you know, he got a $200 million contract after taxes. It's really about a hundred million. And you take away what his advisors got and all these different things. And then he's like, oh, he's got an entourage and all these things like, he buys bling. Yeah, it's amazing to see how fast that can go for people. But yeah, if you guys are looking for an awesome follow, Jacob Turner on either LinkedIn. So any of the social media is his financial stuff is awesome. - Yeah. - Awesome. And I'm not sure if he's still here in St. Louis or not, but if he is, Jacob, love to have your one. - Yeah, great. - Was not nearly as talented as you already played in the big leagues. He went to Westminster, drafting the first round, I think back in '09. But yeah, he would be, yeah. - Yep. - Get him on. - See if he can get him on. - $4 million at that, what age were you? - 25. - That's about worth $55. - Oh, wait, sorry, sorry, 30 at 55. - And shit, you could fucking live off $50,000 a year if you're disciplined. I can, that's just like, off one million, you can do that for what, 20 years? - But that's the thing is you don't like, but you don't even have to live off the interest. You just let, you just put the $4 million in the bank and let it grow. - I'm agreeing, I'm saying like if you're super disciplined with like your cost of living, like if you just live off 50 a year, like regardless of the interest or not, like, yeah, 'cause then you're just gonna have actual money doing whatever you want with it after that. - Right, yeah. - I mean, shit, even if it lived off $100,000, you're still, if it's, if you've got $4 million and it's making 10%. - You're making $400,000. - You're making $400,000. - You're making $400,000 a year. - You can take $100,000 of that, you're still netting $300,000 so you can still live off of it and not do anything, but for me, I would want that money to continue to grow and continue to build something and, yeah. - Well, I just think the whole key to it is living below your means, man. You know, I think that's kind of what it really, what it all boils down to is just don't, you know, if you got that kind of money, you just can't live like an asshole and just buy everything and buy everything for everybody. - And I think we're seeing a lot of that with people now that kind of got above their means with everything that was going on, like with where we were at prior to, you know, inflation going up so high and all this stuff. But yeah, I mean, you know, I think time for people to start cutting back. - Yeah, well, there's, I mean, I've been doing it. - I mean, how many people, yeah, for sure. And how many people do we know that are, you know, that, I mean, it's people I talk to all the time in our industry, in the real estate industry, that people that are, they kind of feel stuck, you know, because they're at this, they, you know, when they refinanced or whenever they purchased, you know, when rates were at, you know, two and 3%. And now they're, you know, they're kind of, you know, like they're stuck in the house that they're in because like, if they were to go purchase something, you know, they're gonna have to pay so much more and their monthly payments gonna go up so much. And, you know, just because the way rates are right now. And I mean, it's just, it makes things more difficult for sure. - Yeah, and I mean, that's the thing is builders, builders are trying to build and build and build and keep up with what's going on. But one, we're limited on land to build on. And two, you know, it's the cost of building. - Cost of building? I mean, there's not, I think we have a lack of blue collar workers, you know, that's a huge, huge, I mean, so the blue collar worker, you've only got so many people that can build houses. - Right, and they're wanting, I mean, again, that's driving the cost up. I mean, the builder that built my house is building a new subdivision down in Fenton from us. And I mean, the starting price is $100,000 more than when I built mine and closed on mine in 2020. And that's before any upgrades, that's before you do anything. I mean, you know, looking at some, I mean, like there's a neighborhood that they started just on the other side of 141 from us. Now, granted that's a little bit, that's more, that's a little bit nicer, I guess, be into your side closer to the pair than in Town and Country than actually Baldwin and Manchester. But those also started 100,000 more than ours. They built, the subdivision had 19 lots and 18 of the 19 lots were my exact floor plan in house. It's just like after the people went in and did their upgrades, these homes were like 700 to $800,000 home. And I'm like, thank you. - Yeah, for sure. - 'Cause my value, I mean, obviously mine's, we did some upgrades to it and it's nice, but it's not like the standard upgrades that came with it, but still, I mean, that immediately shot the value of my house up. - For sure. - Big time. - Just for them doing it. - Yeah, so. - It's great for you. - Yeah, for them to keep building. (laughs) All right, let's go to the next question. - Yeah, craziest real estate store. - Oh boy, I got a couple. I got one, I mean, I've got a couple where I just, you know, where I could tell stories where I was in really rough neighborhoods and definitely did not feel safe and shouldn't have probably been, you know, should have probably brought someone with me or been a little bit more safe about what I was doing. You know, and those aren't as fun, I guess, but I'll tell my, this is usually my go-to one anytime someone asks for a good kind of crazy story or like weirdest listing appointment or whatever you want to call it. So I had this, I have a VA, she's a virtual assistant, shout out to Byrne and she actually just moved to Canada. And she's been in the Philippines and they just moved to Canada, but she's been helping me out for a number of years. So she helps me out with a ton of my admin work and she's awesome. But anyway, she calls neighborhoods for me a lot. And she got me this lead in Afton. This was probably about a year ago now. And this, you know, so I don't know much, you know, she calls, she talks to this guy, the guy's name is Lawrence and, you know, I think he wanted to go by Larry and then we'll just leave his name with that. But he was over in Afton. And I don't get much other than, you know, he's 89 years old looking to move and he's in a wheelchair and he needs, he wants to buy a house where the laundry is not in the basement. So his laundry is in the basement and he was paying. He has someone coming over to help him, you know, do laundry and clean up around the house a couple of times, like once a week or something. And he would love to have a house or where his laundry was on the first floor or on the main floor. So that's really all I know going in. So I drive over, you know, I pull up, I see the wheelchair ramp in front of the house. I'm like, okay, well, this must be the right spot. I, you know, go knock on the door, you know, this, you know, old, and he's an older gentleman, obviously. He's got one leg. He's in a wheelchair, you know, I didn't really get in, oh, wait. Yeah, he had one leg. I couldn't remember if it was no legs or one leg. But yeah, he had one leg. And, you know, we talk in the living room for a little bit, you know, he's like, yeah, I'm looking to buy a house where I can, you know, I can get the laundry on the main floor. I'm tired of having this lady come over and do my laundry for me, you know. But, but he goes, I'm really not looking to move for like the next seven or eight years. I'm like, seven or eight years, huh? I'm like, okay, would have loved to know that on the phone. But hey, I'm here, Larry, you know, why don't you, why don't you show, you know, do you mind if I take a look around? Do you want to show me around? He's like, you know, and, you know, he's like, oh, no, go take a look. No, no warning, no, no, anything's out. He goes, I'll just stay right here. And I mean, let me just kind of set the scene for you. I mean, it's, it was definitely kind of kind of sad. I mean, it was very, very, very dirty. I mean, the carpet, you know, would have these like black trails from him, like wheel on the wheelchair around. I mean, I, you know, look into the kitchen. There's, I mean, dishes stacked up, like three feet high on the counters. I mean, just trash everywhere. Definitely smells in there. But it's a little three bedroom ranch and after probably about 1200 square feet. So, you know, I'm like, hey, Larry, you mind if I just go look around, you know, just kind of get an eyes to whenever, you know, you are ready to sell. I kind of know what we're dealing with. And he's like, absolutely go, go take a look. Bedrooms are back there. So I, you know, peak in the first room. It's kind of set up like an office, but there's, I mean, there's pat papers practically stacked at the ceiling. It's a fucking mess. I can't even see the floor. Okay, cool. There's first bedroom. Going to the next bedroom. That's his room, you know, bed standard, you know, just messy, peak into the bathroom. You know, same thing, just kind of dirty and messy. Third bedroom, only bedroom that had the door closed. So I open up the door. First thing I notice when I walk in is he's got like a, like hammer strength, like squat rack in there. And that's what like the first thing I see. And I'm like, and I'm like, this is kind of odd for all. Throw one-legged, 89-year-old man to have. - That little leg must be super strong. - Well, and then, but then I noticed that there's like, all these like leather straps with like the wrist things hanging from it. And then I look up on the wall and there's like dildos like hanging, mounted up onto the wall, like dildos and whips and like chains and like all this stuff. And I look on the ground and there's like, there's like porn, there's like VHS with like the boxes and like DVDs with like, like porn all over. And so he's got the rack in the middle of the room. Then I looked at the left and he's got one of those, I think they're called like stockades, like where you put your head. - Yeah, that's a stockade. You put your head and your wrists in like this. You know, he's got one of those. And then in the, in the other corner of the bedroom, he's got like one of those chairs that's got like the helmet thing and like the straps on the chair. - Wait, no, wait, no, like a wheelchair? - And look like that. Yeah, but it had like this spiky helmet thing. - Oh, an Iron Maiden? - I guess, yeah. - Right, no, no, no, no, no. And Iron Maiden's the thing he had closed inside of and has spikes and it kills you. - I don't know, it's got like a-- - What, Murr? - It's got like a helmet thing. - We've got to ask you questions here. - I know all this stuff. - Have you ever watched a Saw movie? - No. - A long time ago. - Oh, that's what that's wrong. - Well, that's why I know what that is. - Gotcha. - Yeah, but any-- - Don't check my daughter's progress. - He's kinks over here. - Yeah, but anyway, I'm looking around. I'm like, holy shit. Like, I'm like, you know, I'm like, just no warning whatsoever. He's just still sitting in the living room. I'm like-- - Get his Bible out when I walked in, shit. - Yeah, no, I'm like looking around. I mean, there's shit all over the, like it's just like sensory overload. I don't like-- - But that room's immaculate, right? - I mean, that room, I mean, he's got, it's a mess, but it's like he's got this, I mean, like, kid you not like there's like mounts on the wall where the dildos are like, like, you know, like, they've got their, each one's got their own little spot, you know, and I'm like, oh, fuck. And I'm like, just looking around and I'm like trying not, I'm just trying to keep quiet, you know, I'm like, and I'm like, keep keeping an eye on the door behind me and shit, you know. And I'm also now, now I'm kinda like, high alert, you know? (laughing) And then I'm like, all right, well, from here, I gotta see what's in the basement. And, you know, and then I'm just, I'm really curious, but then I'm like, man, is this safe? So anyway, I walk, I'm like, hey, Larry, might if I check out the basement and, you know, I walk through the kit and he's like, yeah, go ahead. And, you know, I leave the door open at the top of steps, but I go down there and there's even more shit down there, man, he's got like one of those, you know, the Ramsey Bolton crosses from Game of Thrones. - Yeah. - Yeah, he's got one of those. And then there's like posters with like naked dudes, like, all over the basement. - Oh, my God. - Yeah, and I'm like, and I'm like, okay, now I'm a little freaked out. And I'm like, man, I just put myself in the basement. (laughing) - It's always, but at the same time, you know, you've got a little bit of an advantage. - Oh, 100%, I got both legs and I can, and I'm like, if this dude's moving, I can hear him. He's right, he's right above me. You know, like, if I hear that wheelchair starting to roll toward the kitchen, I'm sprinting up those steps, you know? Like, that's what I'm thinking the whole time. Anyway, but nothing, nothing comes of it. I, you know, I eventually run upstairs after I look at all the, all the even more weird shit in the basement. And I come up and I'm like, all right, Larry, well, we'll be in touch. Talk to you later, you know? I just kind of walked out. And that was the last time I followed up with old Larry. And yeah, that was my weirdest real estate story. - So Larry is a long paraplegic that was into BDSM. - Yeah, I guess so. - Not last one. - Yeah, Larry, you know, in '89 year old, who was 80, you know, it might have been 79. Now that I think about it. - Either way, he was in the fourth floor. - Yeah, he was, he was, you know, toward the end. I'm like, yeah, it was just, it was, I was never, I was so surprised. I was like, man, what the fuck did I just walk into? - Did you ever imagine those listing photos? - Yeah. (laughing) Like, dude, I got a little touchy when you told me, like I might have to take down some of the shit that's on my bookshelf. I don't know how he's gonna do that with the one leg. - Larry, you gotta clean this. We're coming up for listing photos. - Yeah, let's, let's get the dillows off the wall. - Yeah, I mean, unless you wanna be like, - Man, Blake are outside right now. - Yeah, unless you wanna be on what is it? Zillow's craziest listing. - Yeah, yeah. - Zillow gone wild. - Yeah, Zillow gone wild. - Yeah, I'd say that's probably my weirdest one, man. That one, yeah, that, I told everybody that story, hey, you know, right after I left there, I called Gina and I was like, I just had the weirdest fucking listing appointment in my life. - You just popped in a lesson to see if it was ever listed and sold. - Yeah, it should. - Well, while we're here, do it, yeah. - I don't even remember the address. I mean, it was like a fucking year and a half ago. I gotta like dig. I, it's gonna take some digging. - I guess, well, it's not a house listing, but the weirdest job I ever got offered was to shoot an orgy at EDC Orlando. I didn't take it. - Just recently? - Yeah. - Last November. - So like, you ever heard the thing about like swingers, like a woman's wearing like pineapple earrings? - Yeah. - All right, well, there was a super hot old couple. I was saying they're old old, but they were like, dude was clearly in like his mid to late '50s. And it's lady, it definitely had some work done. Definitely didn't mind being not shy about it. And so, why I go to like EDC is not even just 'cause like I like the live spectacle 'cause it's like hard to like get that content anywhere else. And they're like, pretty cool you bring in your cameras and shit. Love you. But I'm just sitting there filming. And like this dude comes up and he touches me on my shoulder and just kind of shirtless and jacked. I'm like, oh, you're kind of old shirtless and jacked. He goes, hey, I got something that you can really film that little cameras. We got a little orgy party going on later. Are you in? I'm like, participating, filming. Like, I mean, I didn't say no. - A little bit about. - He goes, I mean, I don't know man. Do your choice, you in? I was just like, nah, nah. Well, I'm sitting there with my friends who are on 75 hard during EDC or Lando. And one of them's like a devout Christian. He's part of Warriors for Christ. And I'm just like, I really brought you into the belly of the beast at night. I'm sitting there loopy out of my mind. And I was like, dude, do you like it? Like, I don't know, maybe a little bent on a shave that like your wife just has like pasties on right now and planable earrings. He goes, oh, no, man, it says flags. I'm inviting people. I'm like, God, I hope I'm not like you when I'm older. Kind of similar story. - Yeah. - Yeah. - A little bit. - There's not a lot of craziness that goes on. - I like yours better than mine. - Yeah. (laughs) - Well, I ran into it the next day. I asked him like, hey, how'd it go? He goes, what are you talking about? So I think that they were like on some hardship. - Probably. - I mean, I don't have any crazy, I mean, my stuff's pretty black and white and on my side of things, I mean. - Yeah, 'cause you're not exactly on like the front lines of going into the houses and stuff like I am. So it's, I feel like it's not as campy as crazy, I guess. - I mean, I know you got- - Baseball, baseball, but there's some pretty funny baseball. - Sure, you got some baseball stories, but we're talking real estate specific. - Right, yeah, real estate specific, no. - But yeah, I got to shoot some only fan stuff too. - Did you? - And take part in it. - And take part in it. - Yeah, there's gonna be POV stuff. - There's some good pay and, there's some good pay and only fans. - And it's just like, I know what my lower extremity looks like if I had to see like my tattoo on my leg or that one mole where I know where it is, like fuck, that's me, dude. - I can't deal with that. - Yeah, I have social media influencers, worked with a couple buying homes. So, good money to be made there. (laughing) So, yeah, I guess, I mean, if there's anything crazy, I guess if we're going along those lines, yeah, I've worked with a few that are, we'll call them social media influencers. - Entertainers. - Yeah, entertainer. That make really good money doing that. That's probably the craziest. - Make hay well with sun shines, you know what I'm saying? (laughing) - You know? - You can't do that shit forever. - Right. (laughing) - I encourage you never to do only fans. I don't care who you are. Don't do it. Sell yourself like that, come on. - Let's see here. What do we got next? How does the election play into real estate and mortgage rates? - Oh boy. - Oh! - And content creation. - MURF's about to have a field day for the next six months. - No, six months, shit. - Well, four months. - Yeah, I was gonna say, we got less than that. - Yeah. So, elections November, we're in this shit. - We've fast forwarded to this first debate where there's no studio audience and the contestants can sit down and the moderators are clearly biased and they have a mute button. So, I mean, I could go down my little tangent but I think y'all know what I have to say. - Well, we'll save all that. - Yeah. - But we'll talk about how it could have played into real estate and mortgages. Honestly, it's not who is in the White House, it's who controls the House and the Senate, whoever's in Congress. So, that's where a lot of policies and things are done and made and created and whoever is going to spend more money is going to hurt us. Whoever's going to spend less will help because right now inflation's high and a lot of it has to do with a lot of the spending that was done over the last few years, money being spent on things that probably didn't need to be spent on and that just caused the dollar to weaken and it caused inflation to go up and when inflation is up, interest rates go up. So, if depending on who gets in there and they decide to, you say, cut costs and cut things and reduce spending, that's going to cause inflation to drop and when inflation drops, so what rates? Right now, the biggest thing is that's really affecting rates as employment. So, when the employment rate goes up, interest rates go down. When the employment rates super low, interest rates go up, they work in inverse of each other. So, it's not so much who's going to be president but who is going to control the House and Senate. Now, obviously, the president does have the executive order power but from what I've seen in the past and the executive orders I've been put in place. They really haven't been things that ultimately affect the economy. I feel like they're more for, I don't know what's the right way for-- - The atrics? - Yeah. I would actually argue, maybe not argue, but maybe interject. So, like when we talk about employment data right now, I mean, the ongoing, I don't wanna say joke, but like theory, which is kind of a joke is that like the reason that unemployment right now is so low is because people are working multiple jobs and now they're also accounting for the migrants who have been brought into the country and also the public sector is hiring a lot. So, it's like unemployment might be low but does it mean are people doing better? Does that assign a strong economy right now? - Well, that's the thing too, is part of the jobs reports that come out, does look at people that are working multiple jobs. And so, yeah, you're seeing an uptick in that but like every week, every Thursday, you get initial job placement. So, people filing for unemployment for the first time. And I joked about this a few episodes ago, but for, I wanna say it was like eight weeks straight, it was at 208,000 people were filing for-- - And it was impossible that it stayed at that figure. - Literally, it's like impossible for that number to not move by just on air of filling out the thing by a thousand people. - Yeah, sure. - And so, but we've been seeing it, we've ever since then and I think more and more people started to realize it and call it out and all that. Now, magically the numbers are going up. So, you know, that as the unemployment goes up and people file for initial claims, you're gonna see interest rates drop. So, the Fed, the Fed wants the Federal Reserve who controls the monetary policy. And they're like, one of the things that they've come out and said that like dictating on when they're gonna start cutting rates is when they see employment between 4.1 and 4.2% and right now we're at four. So, we're not far off from where they wanna be. They start cutting the Fed fund rate now. Everybody gets that confused. When they cut the Fed fund rate does not mean they're cutting mortgage rates. Mortgage rates can be affected by the Fed fund rate. - That follows the other, yeah. - Yeah. I mean, kind of. - It can't. - It can, but so like, it depends. So like, for example, when the Fed started raising rates, we would see, when they raised the rates, we'd actually see, when they first started, we would see mortgage rates improve because it showed that they were taking a tough stance on inflation. So, when they raised the Fed fund rate, they were trying to tighten the monetary policy to bring inflation down. Well, that only worked for so long before they're like, well, shit, if they're keep raising it, does that mean they don't have control on inflation? And then it started having the opposite effect. So when they started raising the Fed fund rate, mortgage rates would go up with it because after so long, it was like, okay, we don't have control on inflation. So. - Janet Yellen, it was not transitory. Thank you. - Yeah, yeah. - Inflation is transitory. We expected to pay us over in about six weeks, two years later. So yeah, so once they start, I think once they start cutting rates, 'cause that means an unemployment's gone up, inflation is low when you look at, usually inflation is a 12 month rolling average. So whenever new inflation numbers come out in July, it's replacing numbers from last year in July. And we've been right around 3%, 2.6 to 3% in that range. They wanna get the two, when you look at the last six months, though, we are closer to two. So when you're looking at a six month rolling average, we are closer to two. But when we look at as a whole of 12, it's a little bit larger. So where they came up with this 2% inflation thing, I don't know, it's my mind. - I think something that can be useful that we could do real quick too is also like, because I've said that having an economical pat thing would be a good move for us moving forward. But I mean, if you were to define what a good economy is, I think a lot of people traditionally have thought of it as like the stock market, which I mean, the government will tell you two separate sides of that debate. But to me, it's sort of like, what are the prices we have to pay for goods and services? To me, that's the sign of a stronger weak economy. Would you agree with that? - 100%, I mean, 'cause right now, I mean, with everything going up, you talk to anybody, like they're pissed off about the cost of things and the cost of living. When the cost of living is proportionate with what you're making, that's a good economy in my mind. It's not whether the stock market's doing good or all of this stuff, yeah, that's a sign. That means things are going well for that. But ultimately, for me, a good economy is where people can afford to go grocery shopping and not feel like they're getting squeezed. - Getting squeezed are gonna be broke because they have to buy groceries to feed themselves. I spent a lot of food. I was doing my taxes and I was like, "Dude, some of my shit is spent at the grocery store." - And it's just amazing what those went up. And then it's the thing is like people are like, "Oh yeah, we'll get inflation to 2% and all this." I'm like, well, that doesn't mean anything's changing with the current prices. That just means that the current prices are gonna be 2% higher in a year from now. I mean, the prices that we're at right now, that's not, unless we get deflation and we start to see things drop in price, that's the only way we're gonna see prices go back down, you know, we can see it with gas. You know, gas prices spiked and got really high, but now they're back into the low threes in some place in Missouri. - That's cheap compared to the rest of the nation. - Right, and so, yeah, I mean, it just depends. But yeah, ultimately for me, a good economy is where people can afford to live. You know, their bills and their spending is proportionate with what they make and still be able to survive and have a good, standard of way. - Wages outpace inflation, they're able to set aside some for the future and see fund and make sure that their investments are square. - Right, and most people don't have that right now. - I mean, dude, I'd take for granted the last few years and like, I picked a real good time to survive on business. - Yeah, well, and that's the thing though, is like, you can survive this, especially starting a new business in this, in the last couple of years. And if you can survive through this, then you can survive through anything. I mean, especially in the real estate market and the real estate industry, I mean, you know, talking to my business partners, but been doing this for 30 years, he's like, this is the worst I've ever seen it. - Really? - Yeah. So, just with lack of inventory and rates, he's like, I've just never seen any, no one's ever seen anything like this before. I mean, I think it's inventory-wise, we're going back to 1994, in terms of how low inventory. So. - Crazy. - Yeah, there's a Clinton. Yeah, this is like the best, they're saying that this is the worst, this will probably be one of the worst years in real estate in a long time, in terms of things sold. So. - Yeah, that's crazy. - So if you can survive this, especially in our industry, you can make it through any, you can make it through any. - Actually, now that in closing, now that you mentioned that, it's kind of interesting because when people, I'm very plugged into the political space, unfortunately. And a lot of the analysis that they say on like, the Clinton era, which, you know, was like 92 to 2,000, I'm pretty sure, was like his first year, his first term was actually really bad, that he was spending a lot of money and kind of like farted at the progressive side on a lot of issues. And then he got re-voted back in, and he actually moved more towards the center, and that's why he was able to leave with a surplus instead of like a deficit. - Well, I mean, plus he opened up subprime lending, meaning in that-- - Bad credit. - Yeah, bad, bad credit. And zero percent downloads and income, like stated assets, stated income, things like that, just made it very easy for people to buy homes, which kind of it did. It jumped started, you know, the real estate market and which was great, but ultimately, I mean, it had some lingering effects. I mean, I'm not gonna say Bill Clinton is the reason for the crash of '08. I mean, there's a lot of other factors that played into that, and other administrations that played into that, but that was part of it. - Collateralized debt obligations. - Yeah, so anyway, yeah. - Yeah, well, a good place to end it. What do you guys think? - Very-- - Sorry, we started off so fun, and I ended it with some boring shit. - It's all good. - I think it's very useful, right? - Oh, it's easy for shit, so. - No, the variety of the show, that's what I really love about these two men. - Yeah, we covered a lot of this on topics today. - We got a bunch more questions, so, you know, we can definitely do a couple more of these in the next coming weeks, so. - I'm gonna try to get some sleep. - Yeah. - There you go. - All right, guys, well, make sure you, if you're not subscribed already, hit that subscribe button for us, hit that like button, and comment what you guys thought below. Make sure to comment a question, next time you see it on our question boxes on Instagram, so you guys can participate in the show, so appreciate you guys, we will see you next time. (upbeat music) (upbeat music) (upbeat music) (upbeat music) (upbeat music) (upbeat music) (upbeat music)