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Bipartisan Housing Bill Canceled | The New American Dream · The Bill Handel Show

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Speaker 1: You're listening to Bill Handle on demand from KFI AM
0:04
Speaker 1: six forty.
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Speaker 2: Am, six forty bill handle a year. It is a
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Speaker 2: Thursday morning, June twenty five. The Big Big Story. Actually
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Speaker 2: have a couple of big stories politics as well as
0:19
Speaker 2: what just happened in Venezuela. A couple of massive earthquakes
0:24
Speaker 2: hit Venezuela. Unusually that the first one was less powerful
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Speaker 2: than the after shock. Seven point two to seven point five.
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Speaker 2: One hundred and sixty four people reported dead, thousands injured.
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Speaker 2: And we've just started to get these numbers because it's
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Speaker 2: not easy to get to areas that are rubble and
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Speaker 2: starting to pull people out of the rubble. Okay, some politics, Now,
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Speaker 2: strange stuff happened yesterday. Democrats and Republicans have together there
1:00
Speaker 2: bipartisan Lee created a bill and this has been going
1:04
Speaker 2: on for months, and that has to do with housing.
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Speaker 2: It's the nation's housing crisis and it addresses it because
1:14
Speaker 2: the crisis is more than three decades in coming. And
1:18
Speaker 2: so the President was going to sign it yesterday and
1:22
Speaker 2: he all of a sudden said nah, I'm not going
1:24
Speaker 2: to sign it and pulled the signing ceremony. I mean,
1:29
Speaker 2: they dragged the table where he signs off of the podium,
1:34
Speaker 2: got rid of the speakers, the loud speakers that were
1:38
Speaker 2: in the room, and the President said no, not going
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Speaker 2: to do it. Hours after his own aides praised the
1:46
Speaker 2: bill and said the President was going to sign it,
1:51
Speaker 2: he opted to turn the bill into political leverage, forcing
1:55
Speaker 2: Congress and members of his own party to bow to
1:59
Speaker 2: his unrelated to this bill over voting restrictions and the
2:03
Speaker 2: war with Iran.
2:05
Speaker 3: The war with Iran is the.
2:06
Speaker 2: War Powers Act, doesn't have much power but is symbolic.
2:11
Speaker 2: And the voting restriction he is involved in, and he's
2:15
Speaker 2: pushed the Save America Act, which has to do with
2:19
Speaker 2: restricting the vote, saying that registration and ID has to
2:26
Speaker 2: be shown at voting booths and then when mail in
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Speaker 2: ballots can be counted, California being the worst one as
2:35
Speaker 2: far as he's concerned, because you've got how much time
2:39
Speaker 2: does California have I think a week after the voting deadline?
2:44
Speaker 2: And he is against that. Now a word or two
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Speaker 2: about that. I have no problem with forcing ID, none
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Speaker 2: at all, to show your ide that you are legitimate.
2:57
Speaker 2: The problem is the argument is disinfranch chiseman. And that's
3:01
Speaker 2: what the Democrats are saying, how do you prove that
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Speaker 2: you are an American citizen? Well, you either have a
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Speaker 2: passport or you show a birth certificate. Now, how many
3:12
Speaker 2: people have their birth certificate with them?
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Speaker 3: Nobody?
3:17
Speaker 2: And how many people have passports plenty? But to get
3:21
Speaker 2: a passport is not inexpensive. I mean, you certainly haven't
3:25
Speaker 2: have an address, and you certainly have to prove that
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Speaker 2: you were a citizen. So you need your birth certificates
3:32
Speaker 2: first time out getting a passport, and it's somewhat.
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Speaker 3: Of a hassle.
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Speaker 2: Now I have a passport, Amy, you certainly have a passport. Kno,
3:42
Speaker 2: do you know what a passport is?
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Speaker 3: I've heard of it.
3:45
Speaker 2: Okay, and you have a passport. I mean, why do
3:51
Speaker 2: we have passports? Because we do? Do poor people, really
3:55
Speaker 2: poor people have passports?
3:56
Speaker 3: No, they don't.
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Speaker 2: And that's the argument that the Democrats are making. And
4:01
Speaker 2: so is there disenfranchisement? Yeah, but the argument is and
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Speaker 2: that I don't buy it that there is because without
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Speaker 2: proving your citizenship, widespread spread fraud where the President and
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Speaker 2: his allies have said there are tens of millions of
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Speaker 2: undocumented non citizen voting in elections around the country, and
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Speaker 2: they all vote for Democrats. By the way, none of
4:27
Speaker 2: them vote for Republican There's not one Republican vote. So
4:32
Speaker 2: in principle, I agree with what the President is saying.
4:36
Speaker 2: Practically speaking, prove to me that there is that there
4:40
Speaker 2: is widespread fraud. I don't think there is evidence. Now,
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Speaker 2: what the President said, and I'm going to get into
4:46
Speaker 2: this in the next segment. What the President said is
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Speaker 2: that the housing bill making it easier for people in
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Speaker 2: this country to buy housing or to rent, is less
5:00
Speaker 2: important than the issue of proving your citizenship when voting.
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Speaker 2: He said that outright, He said that the housing bill
5:10
Speaker 2: is of minor importance. Whoa you think so? And Save
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Speaker 2: America Act? How does Save America Act affect you?
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Speaker 3: Literally? How does it affect you?
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Speaker 2: Doesn't to me? But and if you're poor, you can't
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Speaker 2: buy anyways. But what do you think is more important
5:31
Speaker 2: affordability of housing, especially since the affordability is a huge issue
5:36
Speaker 2: interest rates, mortgage rates have climbed. It's a question of importance. So,
5:43
Speaker 2: by the way, of course, the Republicans all caved because
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Speaker 2: rule number one in Republican politics today is absolute fealty
5:50
Speaker 2: to the president, period.
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Speaker 3: Doesn't matter what doesn't matter.
5:54
Speaker 2: What a topic that I want to share with you,
5:57
Speaker 2: and that is to do with passive income. Income is
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Speaker 2: income that you don't physically work for. And why is
6:05
Speaker 2: passive income going crazy? Well, because people are pretty unsatisfied
6:10
Speaker 2: with their work environment. They are afraid either they have
6:15
Speaker 2: lost their jobs or afraid of losing their jobs because
6:17
Speaker 2: of AI. And there's not enough money because the cost
6:22
Speaker 2: of living is outstripping any kind of wage increase. So
6:27
Speaker 2: let's get money somewhere else. Let's figure it out. Over
6:32
Speaker 2: half of Americans, sixty percent of gen Z say a
6:35
Speaker 2: conventional full time job will not allow them to hit
6:39
Speaker 2: their financial goals. So there's a couple ways of doing
6:43
Speaker 2: that to hit your goals. Theoretically, when and forced say
6:47
Speaker 2: they have a side hustle, part of the gig economy.
6:51
Speaker 2: Others they go to work and then they drive for
6:53
Speaker 2: door dash or uber or lift or go to Walmart
6:59
Speaker 2: and say, well to Walmart at the front door. That's
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Speaker 2: one in four Americans. So what's going on. Well, we're
7:07
Speaker 2: being told, hey, you can make money on the side
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Speaker 2: through passive investments, and here's how with real estate and businesses,
7:19
Speaker 2: and we are going to help you do that. Just
7:23
Speaker 2: by this book, this CD this, well, just sign up
7:30
Speaker 2: for this subscription, and that is going on, and it's
7:35
Speaker 2: just exploding for those reasons. A lot of them, I'll say,
7:40
Speaker 2: most of them are scammed. Some of them are good,
7:43
Speaker 2: but how do you know, I don't. I don't know
7:46
Speaker 2: which ones are good. I mean the ones that say
7:49
Speaker 2: I'm going to teach you how to make a lot
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Speaker 2: of money. I think those are the people that make
7:55
Speaker 2: their money not with the underlying premise, not with the
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Speaker 2: underlying program, but in selling you the program. It's almost
8:04
Speaker 2: like a multime marketing level program where I'm not making
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Speaker 2: my money and selling the product. I'm making my money
8:11
Speaker 2: and getting you to sell the product. And you're seeing
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Speaker 2: these ads exploding, and I look at them with a
8:19
Speaker 2: grain of salt.
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Speaker 3: I really do.
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Speaker 2: For example, finding real estate that one has always bugged me.
8:25
Speaker 2: We're going to help you find those houses and flip
8:28
Speaker 2: those houses. I know, house flippers, and let me tell
8:32
Speaker 2: you the expertise that it takes, and let me tell
8:35
Speaker 2: you how many pros are out there looking at the
8:38
Speaker 2: same property and for you to learn how to flip houses.
8:43
Speaker 2: I have my doubts, my serious doubts. I'm not going
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Speaker 2: to do it, even if I could afford to put
8:50
Speaker 2: down payments and.
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Speaker 3: Qualify for the mortgage.
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Speaker 2: Why because I don't have that level of expertise, and
8:56
Speaker 2: you're not going to learn that level of expertise reading
8:59
Speaker 2: a book. And that's just one of many, many programs
9:04
Speaker 2: that are out there. So the FEDS are finding out
9:08
Speaker 2: that there is a big problem with that. And like
9:14
Speaker 2: anything else, what the Internet does is it's full of scammers,
9:19
Speaker 2: and this is just a different way of getting people
9:22
Speaker 2: pushing pushing the scam if it is a scam. Now,
9:26
Speaker 2: some of them are pretty good. Here are a lot
9:28
Speaker 2: of financial ones. We're going to teach you how to
9:31
Speaker 2: work the market. We're going to teach you how that
9:35
Speaker 2: you can make money with the market buying and selling stocks. Man,
9:41
Speaker 2: I don't know how to do it. I know money
9:44
Speaker 2: managers who try, people who are absolute experts in the
9:50
Speaker 2: field and look at stocks every single day, twelve hours
9:55
Speaker 2: a day, and they have a very rough time. So
10:00
Speaker 2: you are going to see a lot of this. And
10:02
Speaker 2: there are even programs out there that license people's voices
10:08
Speaker 2: that tell you how you can make money. So I
10:11
Speaker 2: think the bottom line on this one is, you know
10:14
Speaker 2: what I have to ask Rich tomorrow and would you
10:17
Speaker 2: make a note of that next time we talk to Rich.
10:19
Speaker 2: How you can determine what is a good program that
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Speaker 2: you hear on radio or television or through the internet,
10:27
Speaker 2: What is a good program in making money? And how
10:29
Speaker 2: you determine what a scam is? All right, HOA land.
10:34
Speaker 2: Probably you live in an HOA if you own a home. Nationwide,
10:40
Speaker 2: sixty seven percent of all new single family homes in
10:44
Speaker 2: twenty twenty four were an hoa's, and that's up dramatically.
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Speaker 2: More than a third of California residents live in one.
10:53
Speaker 2: Sixty five percent of all California homeowners live in one.
10:56
Speaker 2: I certainly live in one, and I have for a
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Speaker 2: very long time. We also pay the highest minion monthly
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Speaker 2: fees in the country, nearly three hundred dollars per month.
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Speaker 2: San Francisco and Southern California they face even higher dues,
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Speaker 2: even several thousand dollars a month. Now, I got out
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Speaker 2: of my home, the Persian Palace, first of all, empty
11:23
Speaker 2: nester in all that business. But you would be stunned
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Speaker 2: at how much I was paying in HOA fees. Now,
11:29
Speaker 2: keep in mind we had a twenty four hour security
11:32
Speaker 2: gated community. It was pretty small community. But you're ready
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Speaker 2: for this thirteen hundred dollars a month I was paying
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Speaker 2: in HOA fees.
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Speaker 3: Thank you, I'm out of there. I'm done now.
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Speaker 2: That was a little aberrational because most people, well, in
11:48
Speaker 2: my new place here, I think I pay three hundred
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Speaker 2: and forty five or three hundred and fifty five dollars
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Speaker 2: a month. We are in a gated community, we do
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Speaker 2: not have twenty four hour security, we don't have anybody
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Speaker 2: at the gates. So it's down to three hundred and
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Speaker 2: forty five dollars. And that is over two hundred and
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Speaker 2: something units homes in this area. So it has gotten
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Speaker 2: really expensive. So a bill was passed saying that when
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Speaker 2: the HOA nails a homeowner for a violation, and they
12:20
Speaker 2: used to be able to have a lot of power
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Speaker 2: in finding, now it's one hundred dollars per violation. And
12:25
Speaker 2: we had a friend of mine on who represents HOA folks,
12:32
Speaker 2: and he said, and he was explaining how you have
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Speaker 2: homeowners that just completely violate it knowing they're going to
12:39
Speaker 2: just be hit with a one hundred dollars fine. I'm
12:42
Speaker 2: replacing my garage doors. I have a pretty strict HOA
12:45
Speaker 2: here where I live. My garage doors are I'm just
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Speaker 2: replacing them. I'm absolutely matching what my old garage doors were.
12:53
Speaker 2: They they're just really faded because of the sun. And
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Speaker 2: so I have to apply to the HOA to do it.
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Speaker 2: And my application simply or did read I'm just matching it.
13:07
Speaker 2: Oh no, we want to know the color. It's the
13:10
Speaker 2: same color. We want a sample. Take a look at
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Speaker 2: my door. We want to know what it looks like.
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Speaker 2: It's the same garage door, and it is. They're making
13:21
Speaker 2: me jump through the hoops. Now, I kind of like
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Speaker 2: it in many ways. We have a president of our
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Speaker 2: HOA who is she's a stickler for the minutia, the
13:33
Speaker 2: fine points, and we love it because she runs a
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Speaker 2: great HOA. She's been a president for years. Hoa's homeowners Association.
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Speaker 3: Generally are well, I'm going to.
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Speaker 2: Say they're in a fight with homeowners and I'll tell
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Speaker 2: you why. Because we get assessed with homeowners who are
13:56
Speaker 2: part of the HOAS. We get assessed on a regular basis.
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Speaker 2: The fees are basically at the call of the HOA,
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Speaker 2: the board. And what's wrong with it is you've got
14:10
Speaker 2: hoas that have let's say hundreds of units, and it's
14:14
Speaker 2: big money that's involved. And you know who runs them,
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Speaker 2: an elected board, no requirement, any financial requirement, nothing. People
14:25
Speaker 2: just run and no one wants to be on the board,
14:27
Speaker 2: by the way, nobody. Because it's a lot of work.
14:29
Speaker 2: You don't get paid, it's all volunteer, and so you
14:32
Speaker 2: get fees, you get assessments, and right now, under current law,
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Speaker 2: dues can't increase by more than twenty percent each year.
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Speaker 2: By the way, twenty percent a year is astronomical when
14:45
Speaker 2: you're looking at how much HOA fees are. On top
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Speaker 2: of that, there are special assessments because the boards, the
14:53
Speaker 2: boards to have the ability to, well, we need more money,
14:58
Speaker 2: we have an emergency situation came up. Now they have
15:01
Speaker 2: to have reserves, but most hoas don't have enough reserves,
15:05
Speaker 2: and so you get hit with assessments like crazy. I
15:10
Speaker 2: just talked about how much money I was paying in
15:12
Speaker 2: my previous home and we needed additional money because there
15:18
Speaker 2: was a dispute with a security company, so we were
15:21
Speaker 2: assessed to finalize that dispute. It was insane how much
15:29
Speaker 2: money they wanted and they're allowed to do that now.
15:32
Speaker 2: A bill just passed that said violations when hit by
15:37
Speaker 2: the HOA are only there's limited to one hundred dollars.
15:42
Speaker 2: And now what Well, here's the other side of it.
15:45
Speaker 2: You have people who own homes who okay, I'll pay
15:50
Speaker 2: the one hundred dollars.
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Speaker 3: That's it. So there's a limit to what I can pay.
15:54
Speaker 3: I can paint my house.
15:56
Speaker 2: It has to meet the standards because it has to
15:59
Speaker 2: sort of look like all the other houses. What if
16:01
Speaker 2: my neighbor wants to pay a neon purple his or
16:04
Speaker 2: her house, it's one hundred dollars fine, Okay, I'll pay
16:09
Speaker 2: the money. I like a purple house. Now does that
16:13
Speaker 2: mean that it's one hundred dollars fine every month or
16:18
Speaker 2: is it a one time fee. As of right now,
16:22
Speaker 2: it's a one time fee. You pay the money. So
16:26
Speaker 2: there is a mess going on with the hoa's And
16:31
Speaker 2: the problem is the fees are increasing so dramatically that well,
16:36
Speaker 2: the US Housing Department and most financial planners say that
16:40
Speaker 2: Americans shouldn't pay more than thirty percent of their monthly
16:43
Speaker 2: income on housing. So what is going on with the
16:47
Speaker 2: cost of housing? Well, certainly you have utilities going up,
16:53
Speaker 2: not hugely, but utility is going up. Insurance going up
16:56
Speaker 2: like crazy because of the fire issues here in the state.
17:01
Speaker 2: You also have a maintenance going up because you are
17:04
Speaker 2: paying more money for the gardener, the guy who comes
17:08
Speaker 2: out and does inspections every year, the pest control people paid,
17:13
Speaker 2: they get paid more money. But the big hit is
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Speaker 2: HOA fees. So you shouldn't pay more than thirty percent
17:20
Speaker 2: of your monthly income on housing. I don't know the
17:24
Speaker 2: last time anybody paid only thirty percent. It is far
17:28
Speaker 2: higher than that. And on top of that, these HOA
17:34
Speaker 2: fees are going to the point where people well, it's
17:37
Speaker 2: more money for HOA fees than their mortgages in many cases.
17:42
Speaker 2: And keep in mind these are run by boards who
17:47
Speaker 2: can You don't have to be transparent. You can make
17:51
Speaker 2: the decision or they can make the decision. They are
17:54
Speaker 2: immune because there are insurance policies that protect the members
17:59
Speaker 2: of the board. There is no requirement that they show
18:05
Speaker 2: exactly what's going on or show bids.
18:07
Speaker 3: You can have no bid construction costs or no bid repairs.
18:14
Speaker 3: It is a mess.
18:15
Speaker 2: The HOA world is for the most part unregulated, and
18:20
Speaker 2: I don't know how to control that. What do you
18:22
Speaker 2: do because according to California law. It's the homeowners have
18:26
Speaker 2: to be part of the HOA board. And if no
18:28
Speaker 2: one has experienced, how many people have experienced running organizations
18:32
Speaker 2: that bring in millions of dollars? I mean, I'm not
18:36
Speaker 2: an administrator my entire life. I'm not the administrator in
18:40
Speaker 2: my companies at all. I don't have that skill set.
18:44
Speaker 2: My skill set with the companies that iolve I'm involved with,
18:47
Speaker 2: as I tell the jokes, that's it. I come in,
18:51
Speaker 2: we have a meeting, I tell a joke er too,
18:52
Speaker 2: and then I leave because no one's going to touch
18:54
Speaker 2: the allow me to touch the financial part because I
18:57
Speaker 2: just don't have that skill set. And so if you
19:01
Speaker 2: belong to an HOA, look at the board, see what
19:05
Speaker 2: experience they have those members of the board. Now occasionally
19:08
Speaker 2: you'll go in and they'll bring in a retired management
19:13
Speaker 2: person who has run companies and has run businesses, but
19:16
Speaker 2: those are pretty rare. For the most part is volunteers,
19:22
Speaker 2: and as I said in the previous segment, no one volunteers.
19:25
Speaker 3: It's too much work.
19:28
Speaker 2: And not only the board, but then you have the
19:32
Speaker 2: various committees, for example, the architecture committee. I had to
19:38
Speaker 2: go through that to change my garage door. I had
19:42
Speaker 2: to get permission, and it makes sense. Do I want
19:47
Speaker 2: a purple house next door? No? Do I want my
19:51
Speaker 2: garage door to look the same, Well yeah, but do
19:54
Speaker 2: I have to have permission for it?
19:56
Speaker 3: Yes? I do, depends on the board.
19:58
Speaker 2: So basically, if you have an HOA, then get out
20:01
Speaker 2: of it and go to a place that doesn't have
20:02
Speaker 2: an HOA. And by the way, you can't because virtually
20:05
Speaker 2: every home, certainly every new home in the state is
20:09
Speaker 2: part of an HOA.
20:10
Speaker 3: We're just part of hoa's that's all. Amy. Is your
20:15
Speaker 3: condo up north part of an HOA?
20:19
Speaker 1: I have an apartment so here, it's not. My house
20:21
Speaker 1: in Portland is part of an HOA.
20:23
Speaker 3: Yeah, as a homeowner, it's you're an HOA.
20:27
Speaker 1: Land And they absolutely nothing for them.
20:31
Speaker 3: Well, there's of course not.
20:32
Speaker 2: You just pay your dues, your monthly HOA fees and
20:36
Speaker 2: at least my HOA. They do a great job of
20:40
Speaker 2: making my life miserable.
20:42
Speaker 1: Yeah, mine did. But I wasn't doing garage door, so
20:45
Speaker 1: I was just doing my front door, and I painted
20:48
Speaker 1: this beautiful light robin egg kind of blue color, and
20:51
Speaker 1: they made me repainted the same thing that they were
20:54
Speaker 1: doing with you with the well what color? And then
20:56
Speaker 1: I'd give them a color and they'd go, well that
20:58
Speaker 1: doesn't work. And I'm like, what color can I use?
21:00
Speaker 1: And they go, just bring us what color you want
21:01
Speaker 1: to use. I'm like, tell me what I can do?
21:05
Speaker 3: Do that afternoon. So yeah, it is, it is.
21:07
Speaker 2: But that's hoa land all right. Coming up the fight
21:10
Speaker 2: between the cities that have gaming that you can gamble
21:15
Speaker 2: and the tribes. Oh man, is there a fight. And
21:19
Speaker 2: I'm going to have the president of the California Gaming
21:22
Speaker 2: Association come and explain exactly what's going on.
21:25
Speaker 3: You've been listening to The Bill Handle Show. Catch My
21:27
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21:29
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