B (2:28)

The gas station hot dog move is, though, is the weirdest of your.

A (2:31)

They're so good though. I still hit him, let me just be honest. But I would literally, I'd eat my lunch on the way to work and get a hot dog and slide in and then get my like 20 ounce Red Bull. And I was. I was probably hitting 80. Classic 80 ounces of Red Bull. It was not good. It wasn't healthy time anyway. I've been doing a lot better. I've been eating a lot more healthy foods. I've been eating less, like just junk all the time. I segmented out when I eat my junk. All that to say, I started telling you about my breakfast and then I thought about all I've had to eat today because I got really shaky. And I literally felt like the last episode I was just going to pass out. Really horrible. Yeah, I felt really bad.

B (3:15)

Because of the caffeine or.

A (3:16)

No, I don't know. But I just asked for that meat stick and it made me feel a little bit better. If you have a second, I mean, I'll just, you know, hit them.

B (3:23)

But double fist and meat sticks.

A (3:25)

Yeah.

B (3:25)

Classic Eric.

A (3:26)

So this morning. So this morning Tara sent me to get her a drink from Starbucks. And so silly me, I thought she was making breakfast for our daughter. I thought, when I come back, there'll be breakfast for me too. Nothing. Here's your drink. What do I get? Nothing. She's like, well, you can make something for yourself. I was like, no, it's not about that. It's about the principle of this. I don't want to do this now.

B (3:51)

So Sounding real patriarchal right now.

A (3:53)

Yeah. I didn't. I didn't want to make eggs. I didn't want to make eggs. Yeah, yeah. So for breakfast, I put a Tostinos pizza in the oven and I ate two pieces. I didn't eat all four. I had two pieces of Tostina's pizza and a eight ounce not pizza rolls, no pizza, like a flat square pizza. And I had two slices of it in a sugar free red bowl. And then I came to your house and then Jackie brought me an ever bowl, which is just a big sugary berry thing, which I just ate. And that probably also didn't help me. And now I've had this first form meat stick, which is the only thing holding me together right now. Yeah, yeah. But I felt so embarrassed because I was just gonna be like, you know, today I skipped breakfast, but it was way worse than skipping. But see, you're the type of person I don't want to tell that to. But here's the deal because then you go to Jackie and you're like, dude, I just do I just drink. Dude, dude, I just drink my protein shake. Eric, did you. You should hear what Eric ate.

B (4:57)

This is what you think happens. This is the, this is the story you tell yourself.

A (5:01)

But also I know though, as like, as like Mr. Fitness Guy. I've seen you tear up some junk Mr. Fitness. Mr. Fitness Guy that you are. How nobody know how you're Mr. Everyone's like, you know, Mr.

B (5:13)

Fitness Guy, but that's my new handle on social.

A (5:17)

Yeah, yeah, get your love handles on. People love Fat Travis. Whenever I post content of Fat Travis, it does.

B (5:24)

Well, that's true. Well, I think it's not.

A (5:27)

Nobody likes you now. They like Fat Travis. No, but anyway. No, I, but it is one of those things that this is a classic

B (5:33)

example of you judging me for what you think I'm judging you about, even though I am not.

A (5:41)

It's because I'll be sitting there, I'm eating my Tostinos pizza, I'm editing a clip and you're like, colors in, colors out. Colors and colors out. But BLTs, bite licks and taste. And I'm like, just like, just killing myself. Because then you're like, hey, let's film tostinos. Hey, we gotta film three. Hey, let's film three days this week to get ahead of it. But also like keep releasing content you're just editing and you've gotta just kill your body to make it work. And then, and then not only that, then you have to sit there and be shamed for like seven minutes on a podcast.

B (6:12)

This was all you're doing.

A (6:14)

Anyway, so trump that out. Anyway, so Trump said something about housing prices. Let's watch it and get your reaction. I can't even segue because I'm emotionally distraught right now.

B (6:23)

Self inflicted, I might add.

A (6:25)

You don't feel any judgment that I ate a Tostino's, two slices of Tostino's pizza, and then rocketed over here?

B (6:31)

I feel no judgment. I'm not here to tell you that you should live my. Live your life like I live mine.

C (6:36)

Eric, one of the things nobody should I said though is again, existing housing, people that own their homes, we're going to keep them wealthy, we're going to keep those prices up. We're not going to destroy the value of their homes so that somebody that didn't Work very hard, can buy a home. We're going to get. We're going to make it easier to buy. We're going to get interest rates down. But I want to protect the people that for the first time in their lives feel good about themselves. They feel like they've, you know, that they're wealthy people, and I want them to understand it. You know, there's so much talk about, oh, we're going to drive housing prices down. I don't want to drive housing prices down. I want to drive housing prices up for people that own their homes and they can be assured. That's what's going to happen.

B (7:20)

Support journalism you trust.

A (7:22)

So does this strike terror into your heart? Like hearing the President of the United States say, I don't want to drive housing prices down. Yeah, I want to drive them up. You're like, I actually. You're like, I own my house. I actually am quite thrilled.

B (7:37)

Go.

A (7:38)

Yeah, three, four more years. Four more years.

B (7:41)

No, I. This is the difficult part about investing in anything is that theoretically, once you put your first dollar in, you want it to go to the moon. You know, then the problem with that is that you can't keep buying more of that thing if it continues getting, like, the price keeps going up. You know what I mean? So it's like, like I look at my crypto portfolio, which right now is crazy down. Like bitcoin's down. All the other coins follow Bitcoin. Typically, they're all down.

A (8:08)

What about the hog to a coin?

B (8:11)

I don't even think that's relevant anymore. Is that tbh.

A (8:14)

So wait, what happens just as an aside, what happens when, like a coin, like, the coin still exists? Right. It's just completely devalued.

B (8:22)

Yeah.

A (8:22)

When there's like a rug pull, like, it doesn't dis. Like, do they pull the coin from.

B (8:26)

Maybe sometimes they do, but I doubt that it happens most of the time. They probably just leave it.

A (8:31)

Is the Hawk to a coin still available?

B (8:32)

Well, we'll find out.

A (8:35)

Get your wallets out, everybody. We're going to give you the yes, still available. What's the. What's the worth? What's it worth? It's like nothing.

B (8:44)

Yeah.

A (8:44)

Worth a tiny fraction of a semper.

B (8:46)

Worth a 20 fraction of a semper coin.

A (8:48)

You're worth about.

B (8:49)

That's.068 to.000069.

A (8:55)

That's. That is iconic.

B (8:58)

6 9.

A (8:58)

The hawk to a coin. The hawk to a coin is 0.000069.

B (9:05)

That's just what they keep it at steadily.

A (9:08)

That's actually great.

B (9:10)

Yeah. So you, I mean yeah, you can mostly still invest in all those things. Just that there's not enough volume there for them to ever pick up again unless somebody come out or something. There's a coin for almost anything. That's ridiculous that you could think about because people saw the, the SH1 that exploded and come rocket trading at $0.

A (9:36)

Dude. But wait, so you could just get all of it. How does that work? How does that work is $0.

B (9:42)

Well I, I assumed that meant that it's just not showing all the way down to 0 fraction that it is dude.

A (9:49)

Go all in on cum coin all

B (9:50)

in cum rocket putting all my money in on come that's which wouldn't be the first time somebody did that.

A (9:57)

Hey it's. What's the old investing thing. People always need a place to live. People always need a place to come.

B (10:02)

Hey, invest in what you know. That's what I would say.

A (10:05)

Well I'm something of an expert myself. I've had a lot of hands on experience.

B (10:09)

Yeah.

A (10:09)

So all that to say always derail our conversations. Hey, when you're looking at your crypto

B (10:13)

and it's down when, when you're, when you're looking at something that you've invested in and it's gone down, you have this sort of like you're holding, you're holding two emotions at the same time which is almost excitement that I can buy more of it because it's on a discount. Also I am not optimistic because it's, because I've lost money on this so far. You know what I mean? So, so with housing it's sort of the same way. It's like I, yes, I'm a homeowner so theoretically I want the, the value of my home to be worth more tomorrow than it is today. But ultimately in real estate in particular, my personal belief is more like I just want it to be worth more in 20 years than it is today. And if, if pricing, if housing prices never correct and they only go up, that to me is indication of a like bad economy. Like the, the dollar is weakened and therefore prices continue to go up. And I, I and from what I've read, again I'm not super well studied on the economic policies of the government right now. But from what I've read their core goal is to bring more stability to the markets even if it's at the expense of the value of the dollar. Meaning that if you're holding on to cash in five years it'll be worth a lot less than it is now. But if you put your money into the markets, it'll be worth a lot more than it is now. So they're, they're more concerned with the strength of the, of the, the markets and of the investors who are actively putting money there and less concerned with the value of the actual dollar and the cash value that it is good news for investors and bad news for anybody who's not an investor, which is another reason to get into the markets. Even if it's five bucks in Robinhood, like get started putting money somewhere else because it's not going to do any good sitting in your bank account, you know, getting destroyed by inflation. But yeah, I frankly like when I see stuff like that, regardless of who's in power, what administration it is or which chair of the, the Fed is giving the information, I just know that all of those people have so much more than I am working on. You know, like, like the, the volume of information that they have to work on is so, to make decisions through is so much greater than the volume of, volume of information that I have. So it's hard for me to say, like, whether or not it's a good idea or a bad idea. But, you know, initially my initial reaction to that is like, I don't, even as a homeowner, I don't want housing prices to continue going up there. It stands to reason. Like I, when I bought this house, I did it knowing that at some point it could be worth less than I bought it for, or it could be worth less than I even owe on my mortgage. But none of that was a concern to me because if it's affordable, then I can keep, I can hold strong during the time that it is worth less than it was. The reason for the housing crisis before was that people couldn't do that. You know, I'm saying like they maxed out their payments so much because they, they didn't, they didn't actually qualify for a home loan. Like you have to now they, they quote, unquote qualified through stated income. There was no checks on debt to income ratios. There was no checks on whether or not they got paid that amount of money. So maybe they got one bonus check that was this big bonus check and they used that to qualify to be able to get this house instead of that house. And then now the housing market crashes. The house is worth 40% less than what they, they bought it for and they can't make the payment anymore because they lost their job or something like that, or because they realistically couldn't have made that payment even when they qualified for the mortgage. So they have to sell the house for way less than they bought it for and short sell it. Or they just have to wait for the bank to foreclose on it. But to me, it's like, I, I'm not, I'm not, I'm not under the delusional impression that my house will never be worth less than I bought it for. I just care that in 25 years from now, it's worth way more than I bought it for, which is what I've always banked on.

A (14:19)

Yeah.

B (14:19)

You know, I, I, so I, well,

A (14:21)

it'll probably be worth more now because you've lived in it.

B (14:23)

Oh, of course.

A (14:24)

People be like, oh, my God, Travis.

B (14:25)

Travis lived there. That's crazy.

A (14:27)

Yeah. Okay, well, there's also this. That was four days ago. He said that. Okay, I want to watch. He said 12 days ago he was upset about the housing price. I want to see.

B (14:35)

So this clip is before.

A (14:36)

This is before that.

B (14:37)

The other clip.

A (14:37)

Okay, okay. Oh, it's muted.

B (14:40)

Perfect.

A (14:41)

I found the best way for me to watch videos of Trump is to mute the video. Just, I'm trying to see it. A political podcast, I don't know if you noticed, today, taking action to bring

C (14:53)

back this bedrock of the American dream. In recent years, Wall street giants and institutional investment firms. Many of you are here, many of you are good friends of mine, many of you are supporters. Sorry to do this, Joe. I'm so sorry, but you've driven up housing prices by purchasing hundreds of thousands of single family homes. And it's been a great investment for them.

A (15:14)

I do really not like the. I'm finding it. No, I really do. I think that's like one of the biggest things that nobody's really talking about is like, there has to be some regulation on, like, companies like BlackRock.

B (15:32)

Well, I think that's what he's doing.

A (15:33)

No, I know.

B (15:34)

This was him announcing this.

A (15:35)

No, yeah, yeah, yeah, yeah, I know, I know. They're slowing down. And Graham Stephan did a video. I'd love to dig into that too, but, but that to me is like such a crazy thing when you go into, like, Because I know, like, in Temecula, it was like, it was like they started really restricting it because almost every single family house was like an Airbnb for a minute. It's like, that's just not cool. And then, but at least that you're going, Someone local bought this house as a second income. But it's like when you have companies are just going in, just blanket buying, like let's buy this neighborhood.

B (16:05)

Yeah.

A (16:06)

And it's all like that to me is kind of screwed up. Yeah.

C (16:09)

But as much as 10% of houses on the market, you know, the crazy thing is a person can't get depreciation on a house, but when a corporation buys it, they get depreciation. Okay. That's something we're going to have to think about too. I don't know if too many people think about that. You buy a corporation, they buy 500 houses, they buy hundreds of thousands. They buy 500 houses, they can take depreciation. A person sweats and works and buys one house, they can't. But homes are built for people, not for corporations. And America will not become a nation of renters. We're not going to do that. That's why I have signed an executive order banning large institutional investors from buying single family homes. It's just not fair to the public. They're not, they're not able to buy a house. And I'm calling on Congress to pass that ban into permanent law. And I think they will.

B (17:03)

Yeah, that's interesting one. Because at least the way that, the way that I understand how the housing market works in, especially as it comes as it relates to driving prices up, that might have an effect. And I'm glad to see that type of stuff happening where it's almost him like combating, like he mentioned his friends from, from taking wealth out of the pockets of everyday hard working Americans. I don't know, I don't know what the numbers are in terms of what this will actually do to the available inventory that's in the marketplace. As I understand it, that's really the number one reason that housing prices continue to go up. It's not necessarily because of institutional investors or interest rates or any of these things. It's because there's a shortage of inventory. Even though everybody's complaining about the, the pricing of houses, there's still a shortage of available housing in the country. Which is why developers are continuing to build more and more and more and more places. But they're still not doing it to keep up with the pace of what the demand currently is. Whether that's a, due to population increase or any number of other Factors, I'm not 100% sure. But that's why like my initial reaction when I first saw that when it came out was like, oh, that's cool. That's, that's a, objectively a good thing for hard working Americans. Like take this because there's plenty of stories that you hear of people that were like we finally found this house and we're bidding against. But you can't do anything when that seller is looking at a couple of offers. One of them is above asking price and it's a cash offer from a multibillion dollar. You know, I mean it's likelihood of us closing on this deal is really high and they're going to make more money as the seller. Of course they're going to sell it to blackrock or whoever else. But then, but then I don't. We all know stories of that happening but I don't know that it's as prolific as it is. It was made up to be by the media. So I don't know exactly what that's going to do to the inventory shortage because that's ultimately what's, that's just supply demand. It's like there's not enough supply demand is still there. Housing prices are continue, are going to continue to increase regardless of interest rates and all these other factors as long as there's a shortage of housing. So don't know exactly what that's going to do.

A (19:16)

To be honest, the biggest reason is a shortage of housing in Nevada is because Ryan Pineda keeps buying all of them. Every time I see, every time I see a house like is. He just snatches it up. Yeah, I buy it. I buy this house. So Ryan talks, that's how he talks. I buy this house. This house is mine.

B (19:36)

But yeah, there you can again fact check me on perplexity or something but I'm pretty sure it's like we have two months, three months of, of housing inventory and the market won't regulate or correct or go down until we have like five, six months or something like that of available inventory. So while I like that as a policy because the, the thing that that does to me is it prevents the future from looking like a renter's nation. Because if that continued to be a way for those massive investment firms to de risk their capital stack then of course more of those corporations are going to continue to engage in that behavior and over time that could have a really large detrimental impact on total available inventory in the country. But I like as of right now, short term I don't, I'm not sure that that's going to do anything. Which is probably why he mentioned in that second video that they, they're keeping housing prices close to the same like that that one move probably isn't going to do enough to the available inventory in the country to drive pricing down.

A (20:41)

Yeah, it looks like what you just said is right. I'm gonna re. I mean, yeah, you're right. Ding.

B (20:49)

One to three months is generally labeled a strong seller's market. Yeah. One to three months of available inventory. Balanced market is usually four to six month range. And we're, we're still in that, I believe, one to three months countrywide. So until something happens about that, that the, the, the prices are not probably going to come down, which is not the greatest news.

A (21:10)

Well, we have to sub Ryan Pineda. He's buying all the houses he's putting on. He's on the TV screens everywhere saying, I want to buy your house. And it's not good for people. They're selling their house to Ryan Pineda. Ryan Pineda has all the houses and it's just not okay. Luckily, the Baller Busters are going to stop him. We're going to invest heavily into the Baller Busters to stomp Pineda. They've teamed up with many, many good people.

B (21:37)

Executive order.

A (21:38)

Many good people. Some of them, Some of them not such.

B (21:43)

Not so good.

A (21:44)

But Baller Busters stands by them all the way. And we're gonna stop Ryan Pineda. Pineda, what a name. Ryan Pineda.

B (21:53)

It's going further and further into this Trump oppression rabbit hole.

A (21:57)

You know, Ryan Pineda once.

B (21:59)

That wasn't an invitation.

A (22:02)

They say, why is your hair purple, Ryan? He says, it's the brand. He says it's the brand. His hair wasn't always purple, but he's gotten cocky. He thinks he can pull off the hair, the purple hair, but we can't allow the hair. Baller Busters is going to stop him. They're working with Jeff Fargo. He doesn't have any hair. And if we can get the people with no hair to stop the people with purple hair, that would be good for this country.

B (22:27)

And you're done.

A (22:29)

Ryan actually just bought this podcast and we have to. They're kicking us out of the building. We're wrap up the episode right now. He says, this is my podcast studio now.

B (22:40)

Just. I'm just waiting for enough dead space to close this episode out is what I'm doing.

A (22:45)

We're all waiting for more dead space in the market. We're going to have a lot of dead space. Ryan promised more dead space, but we'll have to wait and see. Go ahead and close. You know, they push a button on the podcast. They push the button that goes bing and the podcast is over. And I said, don't push that button. Don't push that button. I have a button. I won't push the button.

B (23:08)

I'm pushing your button. Okay, done. Now, if you are still sticking with us towards the end of this episode, congratulations, Abraham Lincoln.

A (23:16)

Full score and seven years ago.

B (23:18)

That's really good.

A (23:20)

No one knows what he sounded like.

B (23:21)

Right.

A (23:22)

But that's him.

B (23:23)

Really good.

A (23:23)

I actually did that. I did a. Actually once did it. No, I did a radio. I did a. Now I don't know who I am. Who am I here? No, I did a radio spot as Abraham Lincoln in Temecula five years ago.

B (23:35)

Is that true?

A (23:36)

Yep.

B (23:36)

That's.

A (23:37)

I. And. And I car dealership. And I did a Trump because it was a President's Day sale, and I wrote a script where it was Trump and Lincoln talking to each other. And I wrote the line, something about Lincoln. He said something like, I need a new car. Like, I need a hole in my head. And they didn't like that. And they cut that because that couldn't go on the radio too soon. But no, And I did Trump. But I did a Trump impression, and then I did a Lincoln impression. The Lincoln made it. And then Trump, they hired a guy to do it because it was so bad. But I feel like now I could maybe do it. If I really took my time, I could do it.

B (24:14)

Let's do one. We'll do an ad.

A (24:17)

Well, Travis. No, I. I literally. I did the whole four score and seven years ago, but I did it with like, a. I don't remember how I did the voice, but it was something like that. You sounded like an old, frail man.

B (24:25)

Yeah. Since he was old and frail. When he said that, I don't know

A (24:29)

what he sounded like. I wasn't there.

B (24:31)

Well, he wasn't old and frail.

A (24:33)

We don't know.

B (24:34)

Famously did not become old.

A (24:35)

He was.

B (24:36)

Yes, it's probably safe to.

A (24:39)

They tried to do it to me, too.

B (24:41)

All right. They nicked me, if you're listening. Still, thank you for continuing to listen to this. And remember, money only solves your money problems, but it's easier to solve the rest of your problems when you have money in the bank. So let's solve that one first here in the Travis Makes Money podcast. Thanks for tuning in. Catch you next time. Peace.