Latest / Morning Joe with Gibrón / Why are would-be homeowners slamming on the brakes while rents soar?
Transcript
- 0:01Speaker 1: Morning Joe with Jebron features a new podcast called Nailed
- 0:04It Business from the ground Up. This first episode is
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- 0:29Speaker 2: You guys work together with the same type of people
- 0:32at some point in time, so you both hear things
- 0:35in a effect. What you're talking about, which I like,
- 0:39was that question to Wanta that you sent me and
- 0:41then Edward you had a question. But I think don
- 0:44Dan would need to be here for your question. Can
- 0:47you call him to see if he can pop on?
- 0:49He doesn't have to be on right now.
- 0:51Speaker 3: I sent you a text and he sent me a
- 0:53text that he couldn't make it because there were short staff.
- 0:55Speaker 4: Oh okay, well that's that's that's that's fine.
- 0:58Speaker 2: So based upon homes, you got the roof there, you
- 1:02got Tuanta with the uh that that one question? What
- 1:05was that question you had and what question did you have, Edward,
- 1:08what was your question?
- 1:10Speaker 4: Tjuanta? And then Edward, you tell me what your question was.
- 1:14Speaker 5: Okay, So my question was, and this just is based
- 1:18on what I'm seeing in the market.
- 1:20Speaker 6: Is I just basically said, we need an episode on
- 1:23why buyers are scared to buy right now and how
- 1:26to overcome the fear.
- 1:28Speaker 2: You know.
- 1:28Speaker 6: So I think it really starts there, because before we get.
- 1:31Speaker 5: To insurance, and we get to roof.
- 1:34Speaker 6: Even before we get to mortgage, we we have to
- 1:37address the want the need, you know, So starting all
- 1:42the way back from the beginning of that is you know,
- 1:45as obviously key to to all of our success for sure.
- 1:52Speaker 4: Right.
- 1:52Speaker 2: And what was that question, that outlying question you had, Edward? Yeah,
- 1:57you had one specifically you said, oh, uh, homeowners are
- 2:01always asking the uh the agent some I mean, I
- 2:07don't know, you know, you know the question we had.
- 2:10Speaker 3: If the agent was here. Uh, Basically, I don't know.
- 2:16What did I say, I've been I've been busy all morning.
- 2:20Speaker 4: Man, Yeah, yeah, I don't know, Uh what.
- 2:24Speaker 3: What something tied into a mortgager and not an agent
- 2:29and uh and a real and a real real estate
- 2:31agent not an insurance agent.
- 2:34Speaker 2: Mm hmm.
- 2:40Speaker 3: Obviously, you guys, as a real estate agent, you have
- 2:45to do an inspection right before you sell the house.
- 2:49So the inspector, it's really not Inspectors are really not
- 2:56educated in the roof of business as much. I don't
- 3:00because I've seen that before working with real estate agents,
- 3:04and that's why it's it's better to call a contractor
- 3:08to come look at the property and the roof and
- 3:12we'll be able to tell you if it's in needs
- 3:15of it warn't a clean. Really not a question, but
- 3:21do you guys do that?
- 3:26Speaker 5: Repeat that last part about.
- 3:28Speaker 3: The well the inspector I've come to that you guys
- 3:33bring in. You know, obviously they're savvy and the plumbing
- 3:37or stuff like that, and they got to check electrical
- 3:39and all that stuff. But they're not I've seen before
- 3:42that they're not too savvy on roofs. What you know,
- 3:48if it weren't a clean, you know what I'm saying.
- 3:51Speaker 5: Yeah, So what I explained to my to my clients.
- 3:55Speaker 6: I've been a realtor for fifteen years, but I did
- 3:57mortgages for ten before that, so you know, obviously been
- 4:02on both sides of everything, and what what I try
- 4:05to educate my buyers on and the and the listing
- 4:09agents is that the inspector, we're they're being paid to
- 4:13find things wrong, but they're not the experts. So whether
- 4:16it's a roofer, an electrician, a plumber, you know they're
- 4:21going to always yield to them. Now, there are some
- 4:24inspectors that say things, you know, even about roof that
- 4:28may not be the case.
- 4:29Speaker 5: And what I always do is, you know.
- 4:33Speaker 6: Especially on the listing side, I always advise that we
- 4:35get the file acclaim with the insurance, have the roofer
- 4:39come out at the same time as an insurance company,
- 4:42and if the insurance deems that it's replaced, needs to
- 4:45be replaced.
- 4:45Speaker 5: And obviously, sorry it's loud.
- 4:48Speaker 6: That we go that direction, you know, but I don't
- 4:51ever on either side of a transaction, rely solely on
- 4:56what the inspector says, because you know, they're trying to
- 4:59cover themselves as well, but they're not experts on it.
- 5:03Speaker 2: Yeah, I've heard Edward you say yourself, people want to
- 5:06become roofers after you know, you start walking on the roof.
- 5:11Speaker 3: Well, I even the customers, please do not become a
- 5:15roofer once we're done, because.
- 5:17Speaker 2: That's a T shirt that's marketing. That's my part marketing
- 5:21t shirt because please don't become a roofer. We have
- 5:23enough down here in the Bible Belt Hill, storm Alley whatever.
- 5:28Speaker 4: Anyway.
- 5:30Speaker 3: Yeah, and because when we're done, they start seeing the
- 5:33waves of their decking and stuff. Hey, we didn't do that,
- 5:36you just we just replaced the new roof and it's different.
- 5:39Look to you now you're seeing the waves that. It's
- 5:42nothing to do with us. It's just your it's your
- 5:44structure and older houses.
- 5:46Speaker 5: Even more so, why do you say that? Why do
- 5:49you think?
- 5:49Speaker 6: Why do you think that people dive into because you know,
- 5:54everybody on the roofing side of stuff, everybody does whenever
- 5:57there's a storm.
- 5:58Speaker 5: You know, I mean I get it, you know, people
- 6:00knock on my.
- 6:00Speaker 6: Door and all these things, you know, storm tasers, you know,
- 6:03I understand. But why do you think it is? Is
- 6:05it because y'all the margins are so good? Or why
- 6:08why is it such a.
- 6:10Speaker 3: That the door knot? Why do they do?
- 6:13Speaker 6: Why there are so many grouping companies you know, I
- 6:15mean obviously.
- 6:16Speaker 3: Yes, yes, uh, you know when I first started, there
- 6:21wasn't that many. When I first built this company, there
- 6:25still wasn't that many. And I feel that around twenty
- 6:30sixteen storm sixteen storm, they just blew up. I mean,
- 6:35now you've got so many contractors because yeah, it's real
- 6:40good margins, it's insurance money, and we don't make pricing.
- 6:46They don't make pricing. TDI makes pricing. So we use
- 6:50all use exactly make software, which we communicate back and
- 6:54forth with the insurances. So anything. Here's one thing to
- 6:58keep in mind is that the the insurance all it's
- 7:01going to give you kind of a basic, basic price,
- 7:04payout a basic. That's why you have a contractor that's
- 7:07experienced and knows exactly me coming behind them taking pictures
- 7:11of everything. The tear offf is the most important thing
- 7:14to me because anything that the insurance did not include
- 7:19and it's existing, that's what we supplement, you know what
- 7:23I'm saying. And so they'll give you a basic, you know,
- 7:25and it may increase five, ten, fifteen, twenty thousand. I've
- 7:30had roofs like right now, we just finished one that
- 7:34they paid out fifty four and I'm at ninety eight thousand,
- 7:37So that's a that's a good amount of supplement, you
- 7:40know what I'm saying, And so that's what it's important
- 7:44to hire a good contractor that knows. And I always
- 7:48say to everybody you know, licensed and insured that knows
- 7:53it exactly me because there's a lot of contractors out
- 7:56there just going by what the insurance did, waving deductible
- 8:00or another thing, wave in deductimles and making a little
- 8:02bit of a little bit of margin where you can
- 8:04make a chunk.
- 8:06Speaker 5: And what is what is the exactimate? What did you say?
- 8:11Speaker 3: It's called exactuate x x A where it's a pricing
- 8:15system in place that T d I takes department adventures. Uh,
- 8:23they're the ones that put pricing together every month that
- 8:26you know, it's hasn't gone down down in so many years,
- 8:28is always going up, but uh it has. It's used
- 8:32for fire. There's four pearls that it covers wind, hell,
- 8:37fire and water damage. And you can even use it.
- 8:41You can even use it to redo an entire house.
- 8:44But it's got exactly exactly x A C I am
- 8:50A A A T E exactly.
- 8:54Speaker 2: Yeah, I'm surprised you haven't used that.
- 8:57Speaker 5: I'm just trying.
- 8:57Speaker 6: I'm just trying to understand better, you know how it
- 9:00kind of works.
- 9:01Speaker 5: But just on my end, I can't I can't hear
- 9:07you spell it? X yeah, X A.
- 9:13Speaker 3: C exact, exact exact t oh.
- 9:18Speaker 2: T H D A M A T E yeah, exact mat.
- 9:24Speaker 5: Yeah, okay, yeah, I knew there.
- 9:27Speaker 6: So that's basically is what the insurance companies are saying, like,
- 9:30this is what what this is what the fair prices,
- 9:33this is what the the industry standard is.
- 9:37Speaker 3: And it's by zip code too, okay, you know what.
- 9:40It's kind of like here, it's totally different than Santoni.
- 9:45Speaker 6: Okay, okay, so it's based on did you say that
- 9:48that's used just for roofing.
- 9:50Speaker 5: You said that can be used for inner contracting stuff.
- 9:53Speaker 2: Oh yeah, for fire for uh uh for uh water
- 9:59oh oh, storm damage. That's why I wanted Tyreek to
- 10:02be here. You know all that.
- 10:06Speaker 3: And if you want to build a home because you know,
- 10:08the tornado blew it away, they're going to use exactly.
- 10:12Speaker 5: You know what it's right, Okay.
- 10:14Speaker 2: It's kind of like the uh the medical billing. So
- 10:17it has all the codes and ever coads that they're
- 10:19going to get on that.
- 10:21Speaker 3: Yeah, and there's a coach for every every every like.
- 10:24Speaker 7: Yeah.
- 10:25Speaker 5: So I have a I have a construction company. I
- 10:28don't do roofing.
- 10:29Speaker 6: But and I really the reason why I got the
- 10:32construction company was because my flips that I do right.
- 10:36So I don't like to do any type of remodels
- 10:38and stuff, but sometimes I do do stuff for my clients,
- 10:41Like I just remodeled a kitchen for one of my clients,
- 10:44a bathroom for one of my clients.
- 10:46Speaker 5: You know, like I'm going to.
- 10:46Speaker 6: Redo some floors for somebody else. Just little stuff like that.
- 10:49I don't you know, to me, there's not a lot
- 10:51of money in that stuff. So it's to me time
- 10:53versus money. I make more money in real estate. But
- 10:56that would be interesting. Is that something I could use
- 10:59for my constructions?
- 11:00Speaker 3: Up?
- 11:01Speaker 6: Just so I know what like the standard is. So
- 11:02if there is an insurance claim flooring, go to.
- 11:06Speaker 3: Exactly where, go to exactly where dot com and in
- 11:11there it'll pull up exactment. Then you can sign up
- 11:16buy it. You can buy it monthly or yearly. It's
- 11:19about your contractor about twenty five a year for the
- 11:27for the software uploaded and once and basically I learned
- 11:32from Ricky, which was one of my guys because he
- 11:35learned from uh Google. And then we went to a
- 11:40class that got certified and stuff like that. And then
- 11:44you know, the more classes I've done, the more professional
- 11:47I've packaged my supplements. And it's pretty awesome because pretty
- 11:53easy to use. You just plug in whatever line I am.
- 11:56Speaker 4: What's Mike?
- 11:58Speaker 3: Hey Mike, but you're.
- 12:02Speaker 5: You're muted.
- 12:05Speaker 2: Mute.
- 12:09Speaker 4: Yeah, you muted, mister. Technology used to used.
- 12:17Speaker 5: To do to help you.
- 12:19Speaker 7: I got it, I got it.
- 12:21Speaker 3: What's up, Mike?
- 12:22Speaker 7: What's up?
- 12:23Speaker 4: Eddy?
- 12:23Speaker 3: How you doing? Brother?
- 12:25Speaker 2: Hey, we're talking about Uh, Mike, you heard of exactly, mate,
- 12:28haven't you?
- 12:30Speaker 4: I heard what exact mat?
- 12:32Speaker 7: Now what is that?
- 12:34Speaker 2: I'm flabbergas by this.
- 12:37Speaker 3: That's the software we use to communicate with insurances on
- 12:41pricing and line items and uh, you can use it's
- 12:45used for insurances to do fire, windstorms, hell and water
- 12:51damage that's regulated by Texas Department of Insurance.
- 12:55Speaker 4: Like for estimating and stuff like that.
- 12:58Speaker 2: So I would think, Mike, with all those developers that
- 13:01you work with, that they would have because it's like
- 13:04you get a sketch, a floor plan and cabinetry and
- 13:07all that stuff it's factored in. I was just telling
- 13:09him it's kind of like a medical building where there's
- 13:12a code for every every little nuance of a repair
- 13:16to a home before or after during a storm or whatever.
- 13:20But that's something exactly May needs to do some marketing.
- 13:25You know.
- 13:26Speaker 7: The Bailey came up with a really good idea. You know,
- 13:28she came up with this idea where you can put
- 13:32someoney in it. It was an idea where I think
- 13:36she was trying to get John to fund it or
- 13:38at least and get it rolling where you could put
- 13:40a borrower into this software and it would find the
- 13:44right investor. Did all that for you, Well, he didn't
- 13:48do it in long and behold, another company came up
- 13:51with that idea. She was telling me she was so
- 13:53pissed off about this, and guess what happened. They made
- 13:56billions off of it in the mortgage industry.
- 13:59Speaker 4: Wow.
- 14:00Speaker 7: So anything anytime you can utilize technology to you know,
- 14:05make something more efficient and it works and someone you know,
- 14:10you don't even have to invent it. You can just
- 14:12rein you don't have to reinvent the wheel. You can
- 14:14actually come up with something that makes things more efficient
- 14:17with your own brand and maybe undertuk the market with it.
- 14:21So but yeah, I mean, any kind of technology works.
- 14:24I've been making my living off the internet since so nine.
- 14:28Speaker 6: So Mike, what tell me? We were talking a little bit.
- 14:31My question was where do we find you know, the buyers,
- 14:36you know, is always the starting points everything right So
- 14:41right now what I'm seeing, and you know, you can
- 14:44say what you're seeing, but what I've seen more on
- 14:46this side, I've got more listenings than I want.
- 14:49Speaker 2: Yep.
- 14:49Speaker 5: Nobody wants things right now.
- 14:50Speaker 7: Everybody has that.
- 14:52Speaker 6: Yeah, it's it's such a not a good problem to have.
- 14:56But the the buyers are what we need, and buyers
- 15:02to me are scared to make a move on purchasing
- 15:06for various reasons.
- 15:07Speaker 5: I recently did a poll, if you will.
- 15:10Speaker 6: On a mom's group that I'm on about why people
- 15:13are hesitant to buy right now, and the answers were interesting.
- 15:21Some of it had to do with the interest rates, yep.
- 15:25Some of it had to do with the economy, the tariffs.
- 15:30You know, people just in fear of just the general
- 15:32economy right now and just stuff is costing more.
- 15:36Speaker 5: And then some people say, you know, I would rather
- 15:39just rent and then.
- 15:40Speaker 6: I don't have to worry about the maintenance and I
- 15:42don't have to worry about this and worry about that.
- 15:46Speaker 7: Well, we have a multifacet problem.
- 15:50Speaker 2: One.
- 15:52Speaker 7: So let's rewind back to nineteen sixties. Right from the
- 15:57sixties to the seventies. That's when you know, there is
- 16:00this before I was born. There's there's this time before
- 16:03I was born. Yeah, I had most of us. There
- 16:06was there was there's this combativeness between boomers, millennials and
- 16:10gen Z's. Okay, that's taking place all over the internet.
- 16:14And so I've tapped into that a little bit and
- 16:16I've done a little gas lighting with it. Right, But
- 16:19here's the deal. In the sixties and seventies, we had
- 16:23a we had a we had a major problem back then.
- 16:25We had double digit rates, we had inflation, but we
- 16:28had a different mindset. Okay, Now they say there's there's
- 16:33this income disparity right right now, going on, income disparity
- 16:36is the problem. Well, I maybe that's so if you're
- 16:40working for the man, Okay, but what about there's never
- 16:45been more opportunity ever in the history of this country
- 16:47to make money by being self employed. It's massive. The
- 16:50opportunity is huge. We're in a global market now. See,
- 16:54we didn't have globalization in the sixties, seventies, and eighties. Well,
- 16:58mid eighties was when globalization came around them. So you know,
- 17:02they're gonna have to these particular buyers that are telling
- 17:05you different things, they're gonna have to change their mindset, right,
- 17:08And I've been trying to get my daughter to do this.
- 17:10She's she says, I can't afford nothing. You know, has
- 17:13a degree working in the medical field. And I said, well, look,
- 17:15why don't you start up a YouTube channel and you
- 17:18start talking about the epidemic that we have in this
- 17:21country with diabetes. Diabetes is a major problem, right, and
- 17:26all it is is education. Well, I believe education is
- 17:29part of the problem with the millennials and the gen zs.
- 17:32So let's go down that road a little bit. If
- 17:35you're if you're looking for buyers right now, looking to buy, okay,
- 17:39and that's obviously far and few between. Well, how do
- 17:43you get tapped into the psyche of these guys to
- 17:46get them to understand what it takes to buy? Well,
- 17:48they don't want to hear, get a second job, right.
- 17:52Speaker 6: Well, that's part of the argument I had with some
- 17:56of them, you know, is that they say, oh, well,
- 17:59it was easier for people because because of course I
- 18:02look back and when I was in my twenties, I
- 18:04worked several jobs I had.
- 18:06Speaker 5: You know, I didn't do all these things.
- 18:08Speaker 6: I think part of the problem now is because of
- 18:10social media, people live outside their means, you know, and
- 18:14things were cheaper back then.
- 18:15Speaker 5: But we also made a whole lot less money.
- 18:18Speaker 7: Well, and I'm and i'm and I'm gonna get to
- 18:19the point here. So who here uses door Nash? Raise
- 18:23your hand?
- 18:24Speaker 5: I don't.
- 18:25Speaker 7: I don't.
- 18:26Speaker 2: I know.
- 18:27Speaker 7: You know they're massive, you know how big the company is.
- 18:29They're there. It's okay. So who here goes to Starbucks
- 18:33every day? See, y'all, we're all the same generation. We
- 18:37don't do shit like that.
- 18:38Speaker 3: Lebron.
- 18:40Speaker 7: There't be lying Lebronron.
- 18:43Speaker 4: All right.
- 18:44Speaker 7: So so Jbron, you're hanging You're hanging with the millennials
- 18:47in the gen z.
- 18:49Speaker 5: But got oh McDonald's.
- 18:51Speaker 3: McDonald's.
- 18:52Speaker 7: Okay. So in the sixties and seventies when I grew up, man,
- 18:57we didn't eat out. If we went out to eat,
- 18:59it is a treat, you know. It may have been
- 19:02once a week. And guess what we maybe got chopped
- 19:04beef and my family made rice and beans are aside
- 19:06with it.
- 19:08Speaker 2: Let me pump your brakes, right, quick as the color commentary.
- 19:12Because the marketing is in between all this, we didn't
- 19:17have as much influence. You know, you go to get
- 19:20some gas, you got somebody talking to you while you're
- 19:22getting gas. You know, you can get music anywhere. You
- 19:25don't have to even wait for the cassette to rewind.
- 19:28So these kids have already been bombarded and have a
- 19:31need for stimulation. And now that you can be stimulated
- 19:38so easily, you know, with the bone, you know, scrolling
- 19:41a couple of things. So I was listening k r
- 19:45A and they're talking about okay, so, uh, there's no
- 19:48buyers because they can't afford it. Well, you don't want
- 19:51to go to work.
- 19:52Speaker 6: You know, or go to work and they want to
- 19:54buy all the stuff on you don't want to keep
- 19:56up with the Joneses.
- 19:57Speaker 7: And I'm going to use you. I'm gonna give you
- 20:00a bigger problem.
- 20:01Speaker 4: Okay.
- 20:02Speaker 7: So we talked about I've been doing a lot of
- 20:04research on this. I'm talking about it on all my platforms.
- 20:07One okay, so we have frivolous spending is the problem?
- 20:11Speaker 2: Right?
- 20:12Speaker 7: Jabron's got McDonald's over there. That's frivolous. He could have
- 20:15made an egg and bacon this morning and saved probably
- 20:17three four bucks. Right, Well, here's the root of the problem.
- 20:23Homes in the sixties and seventies were not twenty five
- 20:26hundred square feet guys. They were a big home.
- 20:30Speaker 2: Was square feet.
- 20:32Speaker 7: Well, the average home between the sixties and seventies was
- 20:35up to eighteen hundred square feet, but a lot of
- 20:38the homes are eleven twelve hundred square feet. Right around
- 20:40in there you saw my first home in Garland. My
- 20:43first home at marn I's First Home was eleven hundred
- 20:46square feet. I paid ninety nine thousand dollars for it
- 20:49in Garland. That was our first house. Eddie, How big
- 20:52was your first house mine?
- 20:55Speaker 2: Yeah?
- 20:55Speaker 7: It wasn't you you're kind of a smaller home. You
- 20:57remember you bought a house in Mesquite.
- 21:01Speaker 3: Yeah, yeah, story that was about that was about It
- 21:04was a two story uh probably YouTube channel eighteen hundred
- 21:10square feet.
- 21:10Speaker 7: Okay, so you were you were within, but it was
- 21:13two story. So sixty seventies average home for the boomers
- 21:17was eleven to twelve hundred square feet. Do you know
- 21:20what the average square foot home is now?
- 21:22Speaker 3: Thirty five twenty five hundred twenty five what's the average square.
- 21:27Speaker 6: Foot in apartments are you're talking about growing up?
- 21:31Speaker 4: Yeah? Yeah, but growing up?
- 21:32Speaker 2: Well, what's the average square foot of the home people
- 21:34who are looking for now twenty five.
- 21:36Speaker 7: That's plus out there.
- 21:37Speaker 6: I would say three thousand square feet twenty five hundred
- 21:40and three thousand.
- 21:41Speaker 4: What are they doing with the grace?
- 21:42Speaker 2: I don't, you know.
- 21:43Speaker 6: I mean, it's it's kind of a you know, it's
- 21:45kind of a catch twenty two because for one thing
- 21:49that you know, there's a whole lot more investors than
- 21:51there used to be. Okay, so people that might investment
- 21:54by these investment properties, they run them out. That becomes
- 21:57a lot of the standard for people that are renting,
- 22:00you know, to what they're going to have. You know
- 22:01a lot of people don't go from apartments to houses.
- 22:04You know, some people do, but you know some of
- 22:07them may not. They're used to living in two thousand
- 22:09plus square feet.
- 22:11Speaker 7: By the way, I'm transitioning to my studio just to'll
- 22:13let y'all know us what's a mess in here?
- 22:16Speaker 5: Where are you?
- 22:17Speaker 7: I'm moving to the room next door. I've got two studios,
- 22:20went for my gun channel, and went for my mortgage,
- 22:23all in one room. It's just a bigger room.
- 22:25Speaker 4: So you live at your studio pretty much.
- 22:27Speaker 7: Man, I put a bed in there and sleep.
- 22:29Speaker 4: I've been doing it the whole time. I've been telling y'all.
- 22:34Speaker 7: But so, twenty five hundred square feet is the average.
- 22:37I've done the research. It's twenty five hundred square feet, right,
- 22:40So you got a thousand square feet bigger homes for
- 22:43first time buyers. The average price for square foot right
- 22:46now is between one sixty and two hundred dollars a
- 22:49square feet. That's another two hundred thousand dollars that they're
- 22:53trying to buy. So we're having Jeoll receive the show Batman,
- 22:58the one where you know the joker in it, and
- 23:01he said, this town needs an enema.
- 23:03Speaker 4: There's a joker sitting down there right edward.
- 23:08Speaker 7: So so we the economy needs an enema, and that's
- 23:12what's going on. So we're going through a transitional phase, which.
- 23:16Speaker 2: Hold on, hold on, hold, you're not gonna slide that
- 23:20one by a colonic not chonic an animal.
- 23:26Speaker 7: Okay, yeah, yeah, So so uh in Batman where the
- 23:30joker said this town needs an enema, well, I'm going
- 23:32to relate that to the uh, this entire country when
- 23:36it comes to home ownership where it's a mindset change.
- 23:40It's it's a Dave Ramsey on steroids change where you know,
- 23:45we teach his principles without the credit card thing that
- 23:49he talks about, which I don't agree with. But okay,
- 23:52I want to buy a home. Let's buy a home
- 23:54that's around eleven twelve hundred square feet a thousand square
- 23:57feet less. That's going to save me two hundred grand.
- 24:00Oh I might have to, you know, get a second job.
- 24:04They don't want to hear that, but that's the reality,
- 24:07or or better myself somehow. There is so much opportunity
- 24:13on the internet now, it's unbelievable.
- 24:15Speaker 3: I could.
- 24:15Speaker 7: I can teach people so much about web it'll blow
- 24:18your mind. You but you gotta have the drive.
- 24:20Speaker 4: To do it.
- 24:21Speaker 5: Are you gonna teach me?
- 24:23Speaker 7: I'll teach all of you.
- 24:26Speaker 2: You're in an online well, school is online. I don't
- 24:28know why anybody's still going over there to the university
- 24:30other than just to have a fashion fashion feast. Yeah,
- 24:36let me ask right quick before we get out of here,
- 24:38because we only got about seven eight minutes left, Edward,
- 24:41what what does it cost the roof of house of
- 24:43that size? Now?
- 24:45Speaker 4: So you said, now they want about.
- 24:49Speaker 3: Hundred square feet three And here's here's a kicker. It
- 24:54depends on the pitch, how cut up it is. Stuff
- 24:58like that makes a big difference because or the pitch
- 25:00that you know, the taller, it's more expensive. But I'm
- 25:03going to say about six hundred and fifty.
- 25:07Speaker 4: Square So that's the end results day.
- 25:12Speaker 3: Let's say you have forty five squares fifty Let's say
- 25:16you have fifty squares, So fifty squares.
- 25:20Speaker 4: Times thirty thousand dollars thirty five thousand.
- 25:28Speaker 3: Thirty and fifty you go to school, kind of gives
- 25:32you an idea. It's that's an in between because how
- 25:36stupid is or if it's not steep normal, you know,
- 25:39there's different charges that apply. And the more cut up
- 25:43it is, the more wasted it there is. You know
- 25:45what I'm saying, Yeah, you got to do more ten
- 25:48Yeah yeah.
- 25:48Speaker 6: But Edward in there a different price for a cash
- 25:52prize versus insurance.
- 25:55Speaker 3: Yeah, of course. I mean I normally don't go on
- 26:00or anymore under five hundred one laminated shingles because that's
- 26:08pretty much an average price. Because shingles during the pandemic
- 26:12tripled and labor has gone up. So that's the main factor.
- 26:18And if you know I do, I still use exact meat,
- 26:22but exact meat, but I'll save some depreciation unrecoverable, which
- 26:27like fifteen percent. That'll give me a price if I'm
- 26:31doing a cash cash deal.
- 26:34Speaker 5: So the question for you, have you seen any effects?
- 26:38Speaker 6: I know terrorists have affected everybody, but do have you
- 26:43seen any effect on your labor of having less labors available?
- 26:50Speaker 4: Not yet?
- 26:51Speaker 3: Yeah, yeah, yeah, there's a ton of roofers out there.
- 26:56Yeah yeah. But like I said, I mean, it used
- 27:00to be a wow. It used to be forty five
- 27:05dollars payout a square to roofers. It's seventy five now
- 27:09to start.
- 27:10Speaker 4: Oh wow.
- 27:11Speaker 3: And then you gotta pay labor. Yeah, labor usued to
- 27:15be forty forty five dollars a square. It's seventy five
- 27:18now to start. Then you got your steech, Then you
- 27:20got your how many layers? I felt? Uh stuff, everything
- 27:23a touch you gotta pay because we charge that to
- 27:26the insurance. Yes, sir, Eddie, Uh huh.
- 27:31Speaker 7: You got a Christmas tree.
- 27:32Speaker 2: In the background, Bud, I saw that.
- 27:34Speaker 7: I thought that.
- 27:35Speaker 3: That it's my office. I just left it there.
- 27:39Speaker 2: Oh, I doubt that was marijuana.
- 27:44Speaker 3: That's why I had a blur. But I said, see,
- 27:46if they say anything to give.
- 27:47Speaker 7: I'm want to give you a mindset tip today because
- 27:50that's because I saw that Christmas tree. Oh yeah, I
- 27:53love that. Yeah. Hey, that's our generation, not the millennials. Man,
- 27:57they're making excuses. We don't we figure out ways to
- 27:59make money. Here's the deal that Christmas Street back there.
- 28:02You know what that represents every day every day in
- 28:06our world is a holiday bud every day. It's Christmas
- 28:09every day.
- 28:11Speaker 3: There.
- 28:11Speaker 7: You go, that's a mindset.
- 28:13Speaker 4: That's why the kids don't want to go to work.
- 28:17Speaker 2: I'm telling you, I see it so many holidays that
- 28:21I had to plan for that it's it's it's a
- 28:27merry go round year round. If it's not one thing,
- 28:30it's another. You know, I know.
- 28:35Speaker 7: Their asses don't be on the street.
- 28:37Speaker 2: I'm gonna bring up the tea and not what the
- 28:40kids call the t I'm talking about Donald Trump. You know,
- 28:47he made a reference and said there are too many holidays.
- 28:49You know, probably wasn't the best time to say it,
- 28:52but at the same time, that's the best time to
- 28:53say it because you get the most impact, you know,
- 28:57and he may have. Was he referencing the Black History
- 29:02Month or whatever, Juneteenth? If he was, we have a
- 29:06lot of holidays. Just let's keep that one. Let's say,
- 29:10but we still have a lot of holidays, you know.
- 29:12And let me tell you, I mean, you think about
- 29:17the kids. Now, I'm one that you are you guys
- 29:20except Edward, I don't have any kids. So you're living
- 29:24with a kid is like living with your heart outside
- 29:26your chest. So as we're coming up, just imagine a world.
- 29:30You know, you're coming up with this new technology and
- 29:32you're not really paying attention to what you're doing, you know,
- 29:36because there's so much technology that's taking you away from
- 29:39your standard uh roles, if you will, your standard operation
- 29:47of things you would do, not saying that a woman's
- 29:50always has to be at home or a man always
- 29:52has to be out. But if you're distracted, something has
- 29:56to take. It's gonna take a toll on something, you know.
- 29:59Like they say, if you're a crackhead, uh, you stop
- 30:02doing crack.
- 30:03Speaker 4: You got to fill the time with something, so you
- 30:06know something.
- 30:08Speaker 2: Yeah, the kids, they had to do something, and MTV
- 30:12recognize that. They said that, Hey, dude, we've got kids
- 30:16that are coming home at three o'clock. We got to
- 30:18give them something to do. And you know, they grew
- 30:21up in that culture of wanting to be in groups.
- 30:24And now one of my clients is, you know, talking
- 30:27about kids, they don't make a decision by themselves. Oh no,
- 30:31we've got to make a decision. Four or five of
- 30:35them are going to make the one. Help you make
- 30:37the one decision. So in buying a house, you know,
- 30:42another pattern that that's out there is about the of
- 30:46buying a furniture. You know, the furniture is just disposable
- 30:49because I'm not going to be here long anyway, I'm
- 30:51gonna you know, we can travel at the drop of
- 30:54a hat now, you know, as opposed to back it
- 30:56was six hundred, seven hundred dollars just to go to
- 30:58Austin or whatever the case. Now you know you can
- 31:01I'm all over the place, you know, for for no money.
- 31:04So it doesn't cost as much on one end for
- 31:07them to have a nice, nice, nice lifestyle to travel
- 31:11and do things. I'm a friend of mine, Tyreek. His
- 31:15son was in Colorado, is in California now he's back
- 31:18here and he's thirty. You know, they just have a
- 31:23different pattern of life. I think a different style of
- 31:26living than than maybe some of us. Even Edward you
- 31:29had mentioned that you think that some of the people
- 31:33want to deal with younger roofers.
- 31:36Speaker 3: Yeah, I mean it's you know, the sales guys, and
- 31:40it's become it's changed a lot because it's become a
- 31:43mega door knocking business and they usually send some guess
- 31:51what three years ago when Alan got hit, I was
- 31:56out there door knocking myself and uh uh this company
- 32:02had a Ladies and Leo Tarts with their their their
- 32:10logo just door knocking, just a candy, a candy door knock.
- 32:17Speaker 2: Like we did. And they were.
- 32:19Speaker 3: All they were all in shape, trust me, that's and
- 32:24and that's what they were doing.
- 32:25Speaker 7: I was like, look.
- 32:26Speaker 3: At this, Look at what these guys are doing. Man, believable.
- 32:32Speaker 6: Guarantee you that that doesn't go over well with your
- 32:34showing up at the door and her husband's there at.
- 32:37Speaker 2: The door and you know, go back when she's not home.
- 32:42Speaker 7: Well, hey, purpose in the pudding if it worked. Look
- 32:45look at their seals and see what they what they did.
- 32:48Speaker 3: Well, they're they're huge. They become huge. They're like kind
- 32:51of like kind.
- 32:52Speaker 2: Of like, hey, guys were got have to cut it short,
- 32:56leave some AMMO for the next next call. And uh,
- 32:59we're just questioning this thing I think we've got. There's
- 33:03no time, There's no time. Huh why I'm so ugly?
- 33:10Speaker 5: Any next time, Michael, be on time.
- 33:14Speaker 4: Sorry, that's a wrap.
- 33:15Speaker 1: I'm glad we had this time together. If you found
- 33:18a nugget of wisdom or just like the real talk,
- 33:21hit subscribe and let your feed do the heavy lifting.
- 33:24We'll be back next time with more from the round
- 33:26table and a fresh shot of business insight. Until then,
- 33:30keep your roof tight, your numbers right, and your coffee strong.