Latest / The Bill Handel Show / Meta Settles Social Media Addiction Lawsuit | Mail In Voting Restricted… For Now
Transcript
- 0:01Speaker 1: You're listening to Bill Handel on demand from KFI AM 640.
- 0:05Speaker 2: KFI AM 640. Bill Handel here. Thursday morning, August 27.
- 0:16Speaker 2: Some of the stories we're looking at. Oh, here's the
- 0:18Speaker 2: choice if you go to the beach at Newport Beach today.
- 0:22Speaker 2: You can go in the water, get eaten by a shark,
- 0:25Speaker 2: or you can stay on the sand and get bitten
- 0:27Speaker 2: by a rattlesnake. Enjoy yourself at the beach, folks. Yeah.
- 0:32Speaker 2: And the other thing is I never go to the beach.
- 0:34Speaker 2: You know why? Because if I want sand up my ass,
- 0:37Speaker 2: I'd rather just go to the hardware store and get
- 0:39Speaker 2: some sandpaper and just actually on the crack of my,
- 0:44Speaker 2: the crack butt part of it. Yeah. So close. I mean,
- 0:48Speaker 2: it's very close physically to each other. So yeah, not a,
- 0:53Speaker 2: not a big fan of the beach and the sand. Okay.
- 0:56Speaker 2: Now a big story. We talked about this yesterday and
- 0:59Speaker 2: this is enormous. And it has to do with the
- 1:02Speaker 2: settlement of Meta, up to $ 17 billion. It was a
- 1:08Speaker 2: landmark settlement case. And these were the states, a bunch
- 1:12Speaker 2: of states, the attorneys general of states sued Meta, arguing
- 1:18Speaker 2: on behalf of children that Meta endangered children with addictive
- 1:25Speaker 2: social media platforms. that they in fact designed their programs,
- 1:31Speaker 2: designed these algorithms for the purpose of addicting kids to
- 1:37Speaker 2: the programs. and therefore causing all kinds of problems. And
- 1:42Speaker 2: then the whole issue about there are people who've lost
- 1:45Speaker 2: their kids and blaming the social media, et cetera. And
- 1:50Speaker 2: so did Meta agree? No, that we didn't do it. No,
- 1:54Speaker 2: not at all. But you know what? Just to keep us,
- 1:57Speaker 2: you know, so we can move forward without distractions is
- 2:00Speaker 2: usually what is argued. $ 17 billion, up to $ 17 billion.
- 2:06Speaker 2: And I'll explain that in a minute. So the owner
- 2:09Speaker 2: of Facebook and Instagram, Meta, agreed to the payout for
- 2:12Speaker 2: violating federal child privacy laws, state's consumer protection laws. I mean,
- 2:18Speaker 2: they hit Meta with everything they could. And agreed to limit,
- 2:23Speaker 2: they agreed to limit how long teenagers can spend on
- 2:25Speaker 2: its platforms and ban features that stoke mental health issues.
- 2:29Speaker 2: I'm going to talk in the next segment specifically about
- 2:32Speaker 2: what Meta is doing and how it's changing the program.
- 2:36Speaker 2: Colorado's attorney general, one of the states that sued, quote,
- 2:41Speaker 2: the focus of this case is to protect our kids,
- 2:43Speaker 2: stopping notifications and alerts at night and when they are
- 2:47Speaker 2: in school, protecting them against harmful features. So this settlement
- 2:53Speaker 2: ends this case, federal trial in U.S. Northern District Court.
- 3:00Speaker 2: And this was where the state sued, wanted about $ 200
- 3:03Speaker 2: billion in over accusations that Meta harmed children. The judge
- 3:09Speaker 2: overseeing the case, Yvonne Gonzalez-Rogers, expected to approve the settlement.
- 3:15Speaker 2: The judge always has to approve a settlement when a
- 3:18Speaker 2: lawsuit like this or any lawsuit is filed. Now, Meta
- 3:22Speaker 2: still faces lawsuits from school districts and individuals, and some
- 3:28Speaker 2: of them are scheduled for trial. And that is a
- 3:31Speaker 2: problem for Meta. This is maybe why they settled at
- 3:35Speaker 2: this point for so much money. Is this going to
- 3:38Speaker 2: be an inflection point for the entire social media industry? Which,
- 3:43Speaker 2: for the most part, has gotten away from regulatory scrutiny
- 3:47Speaker 2: over the harms that it caused kids. It was able
- 3:49Speaker 2: to successfully say, nah, we really don't harm kids that much. Okay.
- 3:54Speaker 2: According to a law professor at Stanford, meta wouldn't settle
- 3:57Speaker 2: unless it sees the writing on the wall and feels
- 4:00Speaker 2: really exposed. And man, are they looking at some financial hits. Okay.
- 4:08Speaker 2: Of that $ 17 billion, Meta is going to pay $ 12
- 4:10Speaker 2: billion immediately. It will pay an additional $ 5 billion, bringing
- 4:16Speaker 2: up to $ 17 billion, if Snap, TikTok, and YouTube also
- 4:20Speaker 2: settles with the states and agree to financial penalties and
- 4:24Speaker 2: product changes. Wow. I mean, that's a lot of money
- 4:28Speaker 2: going to change hands. This isn't a pocket change. This
- 4:31Speaker 2: isn't a federal federal fine of several million dollars. This
- 4:35Speaker 2: is going to be in the billions and billions. Matter
- 4:38Speaker 2: of fact, Meta says that in the last quarter, it
- 4:42Speaker 2: spent 200 or excuse me, two billion dollars in the
- 4:48Speaker 2: second quarter of this year just to handle its legal challenges.
- 4:52Speaker 2: Two billion dollars. In one quarter, which means it'll be
- 4:55Speaker 2: $ 8 billion if the defense has to go balls to
- 5:00Speaker 2: the wall on this. Oh, and then, of course, this
- 5:04Speaker 2: is what I love. This is what we always talk about.
- 5:07Speaker 2: What's the corporate speak on this? Because whenever anybody settles,
- 5:11Speaker 2: first of all, they don't admit liability. We do not
- 5:13Speaker 2: admit we did anything wrong. That's for starters. And they
- 5:16Speaker 2: have to do that. I mean, people go, oh, they
- 5:18Speaker 2: don't admit it. They can't admit it. Because if they
- 5:22Speaker 2: admit they've done something wrong, their defense in any other
- 5:25Speaker 2: case is gone. Gone. It's done. Didn't you admit you
- 5:29Speaker 2: did something wrong? That's right. So, ladies and gentlemen of
- 5:31Speaker 2: the jury, they've already admitted it. Now let's talk about
- 5:34Speaker 2: how much money we're going to get. So that is
- 5:39Speaker 2: the big reason. But this is what I really enjoy.
- 5:42Speaker 2: The statement that Meadow released in relative to this settlement.
- 5:47Speaker 2: Meadow wants to ensure that teens have a safe and
- 5:50Speaker 2: productive experience on our platform. And we have partnered with
- 5:55Speaker 2: state attorneys general to set a new industry standard, according
- 5:59Speaker 2: to Meadow's chief legal officer. In other words, we're working together.
- 6:04Speaker 2: What we're doing is making sure that kids are protected.
- 6:07Speaker 2: We're working together with the states. Wait a minute. You're
- 6:11Speaker 2: working together with the states. You've just agreed to a
- 6:15Speaker 2: $ 17 billion hit. That's working together. Well, yeah, we sort
- 6:20Speaker 2: of met together. And how about the lawsuit? Let's, let's
- 6:23Speaker 2: ignore that. How about the settlement? Let's ignore that. What
- 6:27Speaker 2: we're doing is sitting down and making sure our kids
- 6:30Speaker 2: are protected. Don't you love that? Welcome to the world.
- 6:35Speaker 2: And the governments do the same thing. And, uh, departments, uh, um,
- 6:39Speaker 2: Police departments do the same thing when they get nailed.
- 6:42Speaker 2: We are making sure that the citizenry is protected. And
- 6:46Speaker 2: we are working with cities and our department to ensure
- 6:51Speaker 2: that everybody is safe. Wait a minute. You just lost
- 6:55Speaker 2: a $ 3 million case saying you didn't do any of that. Well,
- 6:58Speaker 2: ignore that. Ignore that. All right. The closing arguments in
- 7:03Speaker 2: the Clancy trial is going on right now. The defense attorney,
- 7:08Speaker 2: a guy named Kevin Reddington, is up there arguing in
- 7:11Speaker 2: front of the jury. Weird stuff he's doing. First of all,
- 7:14Speaker 2: he's going on forever. Second of all, what he's doing
- 7:17Speaker 2: is he's showing these exhibits, these photographs, but not to
- 7:20Speaker 2: the jury. I mean, he's sort of showing them to
- 7:23Speaker 2: the rest of the courtroom. It's kind of bizarre what
- 7:27Speaker 2: he's doing. And there have a couple of analysts going,
- 7:30Speaker 2: what is, you know, trial attorneys going, what is he doing?
- 7:34Speaker 2: It turns his back on the jury. It's almost like
- 7:36Speaker 2: he's arguing to the audience, to the gallery. And it's whoa, whoa.
- 7:42Speaker 2: Why would you do that? Because it doesn't matter what
- 7:44Speaker 2: anybody thinks other than the jury. All right, Neil, before
- 7:48Speaker 2: I jump into the meta trial yesterday or the settlement yesterday,
- 7:52Speaker 2: you have some Dodger news. Indeed, we do.
- 7:56Speaker 1: Your official home for Dodgers baseball is AM570 LA Sports.
- 8:01Speaker 1: This afternoon, your back-to-back world champion Dodgers take on the
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- 8:20Speaker 2: OK, back we go to what happened yesterday during the settlement,
- 8:24Speaker 2: the 17 plus billion dollar settlement that Meta made with
- 8:30Speaker 2: the states that sued. We're not talking about the individuals.
- 8:33Speaker 2: We're not talking about cities. We're not talking about schools.
- 8:36Speaker 2: School districts have sued. Those are different suits. I mean,
- 8:39Speaker 2: it's going to really hit. So in addition to the
- 8:42Speaker 2: money being paid, also the use of and what is
- 8:48Speaker 2: the program that META is using or having teenagers use.
- 8:53Speaker 2: This is about teenagers, actually. Teen-specific counts will be blocked.
- 8:58Speaker 2: from using Meta platforms from midnight to 6 a.m. Just blocks,
- 9:02Speaker 2: straight out. Teens will be limited to two hours a
- 9:05Speaker 2: day of use across Instagram and Facebook. Some exceptions, messaging,
- 9:10Speaker 2: long form content. Also, Meta has promised to detect teens
- 9:15Speaker 2: use across multiple accounts, tallying up their total, locking them
- 9:20Speaker 2: out after they hit a certain limit. Now, parents can
- 9:25Speaker 2: override that. And how do they know teenagers? Well, today
- 9:28Speaker 2: with AI, you can figure anything out. Posts and photos
- 9:33Speaker 2: and you put all that together. OK, this kid's 18
- 9:35Speaker 2: or this kid's 16. And what will probably happen, even
- 9:40Speaker 2: stronger language, stronger protections. If YouTube and TikTok, the two competitors,
- 9:46Speaker 2: agree to adopt new protections as well, part of the
- 9:50Speaker 2: settlement agreement is we will pay the additional $ 5 billion,
- 9:54Speaker 2: in other words, $ 12 billion right now. The rest of it,
- 9:58Speaker 2: if TikTok... as well as YouTube go ahead and they
- 10:06Speaker 2: settle up too, and we'll also pay zillions of dollars. Also,
- 10:11Speaker 2: Meta has committed to responding to complaints made in English
- 10:14Speaker 2: and Spanish within six hours of in at least 90%
- 10:19Speaker 2: of the cases when a complaint is being made. Here's
- 10:23Speaker 2: what makes, what made Meta look so bad, because in
- 10:27Speaker 2: January of last year, the company scaled back third-party fact-checkers
- 10:32Speaker 2: in the United States while saying, oh, we are very
- 10:36Speaker 2: protective of everybody. How about the fact-checkers? Oh, well, we
- 10:38Speaker 2: let go of a whole bunch of them. And that
- 10:41Speaker 2: helped vet the misleading or harmful content And so it's
- 10:46Speaker 2: not clear, by the way, at this point, how Meta
- 10:48Speaker 2: is going to deal with this huge volume of content
- 10:51Speaker 2: claims in such a short time period. So for teen accounts, specifically,
- 10:57Speaker 2: Meta has agreed to maintain its current restrictions on age-appropriate
- 11:01Speaker 2: content and accounts. And in addition to that, additional measures
- 11:06Speaker 2: identify users under 13 who are not permitted at all
- 11:10Speaker 2: on Meta's platforms. as well as those under 18 who
- 11:14Speaker 2: are eligible, but for teen accounts. And that's been a
- 11:17Speaker 2: challenge for a long time, how to deal with this.
- 11:20Speaker 2: And Alice Marwick, Director of Research and Data in Society,
- 11:24Speaker 2: an organization that follows this stuff, said teenagers are very
- 11:27Speaker 2: creative and they're highly motivated to access things that they're
- 11:30Speaker 2: not supposed to be accessing. Although with AI and the
- 11:35Speaker 2: amount of the resources that Meta and these other platforms have,
- 11:39Speaker 2: I don't know how they won't be able to successfully
- 11:41Speaker 2: do this. Oh, Meta has also agreed an independent auditor
- 11:45Speaker 2: will monitor its compliance. Okay. Okay. And some regulators have
- 11:52Speaker 2: already attempted to limit social media companies' ability to offer
- 11:56Speaker 2: these personalized content to users. Yeah, exactly. Okay. You find
- 12:05Speaker 2: that in Explore for YouPage. Algorithms. There you are. And
- 12:09Speaker 2: so it's going to be very interesting stuff to see
- 12:12Speaker 2: what happens. And the money that's going to flow out
- 12:14Speaker 2: of there is going to be crazy. The various platforms,
- 12:19Speaker 2: these major social media platforms, have been protected by law
- 12:23Speaker 2: up until now, and now they're going to get nailed.
- 12:27Speaker 2: So you're going to see, well, I think close to
- 12:30Speaker 2: $ 100 billion being paid out. as well as changing the
- 12:35Speaker 2: way that teenagers and kids use social media. All right. Now,
- 12:42Speaker 2: one of the things we've been following and you no
- 12:44Speaker 2: doubt know about is that President Trump has his big
- 12:47Speaker 2: deal about mail-in ballots. He thinks mail-in ballots basically, by definition,
- 12:53Speaker 2: are fraudulent. The only problem is, of course, there's not
- 12:56Speaker 2: a whole lot of proof that there is any widespread
- 12:59Speaker 2: widespread fraud. But that doesn't seem to matter. Now, is
- 13:02Speaker 2: there a good political reason for him to say that?
- 13:05Speaker 2: You bet, because Democrats vote far more mail in than
- 13:09Speaker 2: do Republicans. So therefore, good political reason. That's I think
- 13:15Speaker 2: he's arguing, though, that it is just fraudulent. And so
- 13:19Speaker 2: he he's trying to get mail in ballots deemed illegal.
- 13:23Speaker 2: The problem is that the states are the control, the
- 13:28Speaker 2: balloting control elections and how elections are handled. That's right
- 13:32Speaker 2: there in the constitution, pesky little constitution. It sort of
- 13:35Speaker 2: just gets in the way, doesn't it? So what he
- 13:37Speaker 2: has done is this is where lawyers get pretty smart.
- 13:40Speaker 2: He's doing an end around. And he is saying that the,
- 13:45Speaker 2: we have a right to say who is a citizen
- 13:47Speaker 2: and who is not. And since only citizens can vote
- 13:50Speaker 2: the federal government through the postal service, can validate. And
- 13:56Speaker 2: so what the president is saying for those states that
- 14:01Speaker 2: don't give us information about all of their voters, those
- 14:06Speaker 2: that are registered to vote, so we can check, if
- 14:11Speaker 2: you don't give it to us, we're not going to
- 14:13Speaker 2: let the Postal Service or the Postal Service will not
- 14:15Speaker 2: deliver the mail-in ballots. See, one of the problems about
- 14:18Speaker 2: mail-in ballots is they're done by, strangely enough, the mail.
- 14:23Speaker 2: which is controlled by the feds, the USPS. So as
- 14:29Speaker 2: of right now, and of course the state sued instantly,
- 14:33Speaker 2: the Supreme Court said, you know what? The government can
- 14:36Speaker 2: do what it's doing in terms of its plan only
- 14:41Speaker 2: because there's been, the states are arguing they've been harmed.
- 14:44Speaker 2: Where is it? There's nothing there. It's only a plan.
- 14:47Speaker 2: Even though it's an order, nothing has actually been done.
- 14:50Speaker 2: So what the court said is this lawsuit basically is premature. You,
- 14:55Speaker 2: the states, have argued it too early. And so we're
- 14:59Speaker 2: going to let the president move on until something happens. And, well,
- 15:03Speaker 2: they're turning around and suing again. And so the federal
- 15:07Speaker 2: judge hearing the case combined all of the cases, all
- 15:11Speaker 2: of the states, and ordered all of the parties to
- 15:14Speaker 2: submit latest arguments by noon today. and she may soon
- 15:19Speaker 2: issue an emergency order come next week. There's also a
- 15:24Speaker 2: September 3rd hearing to consider the arguments more fully, and
- 15:27Speaker 2: she'll make a decision. Now, the executive order the president
- 15:31Speaker 2: signed in March moved to restrict mail ballots and to
- 15:34Speaker 2: create a state-by-state list of citizens, as I said, to
- 15:38Speaker 2: help determine voting eligibility. And the Department of Homeland Security
- 15:43Speaker 2: is to compile these lists, send them to each state,
- 15:46Speaker 2: and the states have to consider it. And if they're
- 15:49Speaker 2: not citizens, because we say they're not, then they can't vote.
- 15:54Speaker 2: And we will not, by the way, send any of
- 15:57Speaker 2: these mail-in ballots to people that we know or don't
- 16:00Speaker 2: know are citizens. And so the review that they're going
- 16:05Speaker 2: to do is checking that the recipient was enrolled with
- 16:08Speaker 2: the postal service to receive a mail-in ballot and that
- 16:12Speaker 2: the ballot itself met certain specifications. And the argument is that,
- 16:18Speaker 2: wait a minute, the government, the federal government, they're coming
- 16:23Speaker 2: in late in the game that it could conflict with
- 16:26Speaker 2: more up-to-date voter registration. The states have contained all kinds
- 16:30Speaker 2: of errors based on old data and This is the
- 16:32Speaker 2: federal government's issue. And by the way, the Justice Department said, yeah,
- 16:36Speaker 2: you're right. You're right. It could be that certain voters
- 16:39Speaker 2: will be flagged as non-citizens and have their ballots rejected
- 16:43Speaker 2: by the Postal Service. And so the court case continues on.
- 16:49Speaker 2: And if the Trump administration loses on that one, which
- 16:53Speaker 2: I think they're going to, they'll just try to figure
- 16:56Speaker 2: out another way to make this all happen. It's like
- 16:58Speaker 2: the Kennedy Center. Right. The Kennedy Center can no longer
- 17:02Speaker 2: be or the judge ordered. It's not the Donald J.
- 17:06Speaker 2: Trump Kennedy Center for Performing Arts. It has to just
- 17:10Speaker 2: be the Kennedy Center. So now it's going to be
- 17:15Speaker 2: the Kennedy Center that has been remodeled by Donald J.
- 17:21Speaker 2: Trump right on the building. And see, we're not naming it.
- 17:26Speaker 2: The Trump, the Senator, all we're saying is it's being
- 17:29Speaker 2: remodeled by the president. And by the way, those letters,
- 17:33Speaker 2: of course, are going to be two and a half
- 17:35Speaker 2: feet tall, and the actual name of the building, the
- 17:38Speaker 2: Kennedy Center, is going to be three inches. I don't
- 17:41Speaker 2: know if that's true or not. I'm just making a point.
- 17:44Speaker 2: And the point is, is that if you can't get
- 17:46Speaker 2: it one way, you do it another way. Okay, we're
- 17:49Speaker 2: done with that. Now, buying a house in California. Yeah.
- 17:55Speaker 2: As Charles Dickens would say, it's the best of times.
- 17:59Speaker 2: It is the worst of times. Ooh, not bad. Not bad. Okay.
- 18:05Speaker 2: My daughter, Pamela, we often talk about this. And she said, Dad,
- 18:11Speaker 2: when do you think I'll ever be able to afford
- 18:12Speaker 2: a house? And I answer with, never. Does never work
- 18:17Speaker 2: for you? Because it certainly works for me. even to
- 18:21Speaker 2: the point where, like a lot of people, I have
- 18:25Speaker 2: offered my kids to help them out at down payment.
- 18:29Speaker 2: I'll pick up the down payment on a house. All
- 18:31Speaker 2: you have to do is qualify. They're never going to qualify.
- 18:35Speaker 2: So I get the credit for offering it. Don't have
- 18:39Speaker 2: to do it. The point is, today, you can't do it.
- 18:42Speaker 2: Why you can't do it? Because it's too expensive. That's why.
- 18:45Speaker 2: It's that simple. Also, there aren't enough out there. California's
- 18:49Speaker 2: prices feel completely unprecedented. But if you go back to
- 18:52Speaker 2: the mid-2000s boom, where you had long commutes and deep affordability,
- 18:58Speaker 2: you know what? That's where it really started 20 years ago.
- 19:03Speaker 2: And here's the difference, though. Compared with 2005, today's buyer
- 19:08Speaker 2: is older, earns more money, wants a larger home, yet
- 19:14Speaker 2: still struggles. Why? Because wages have not outpaced the housing cost.
- 19:20Speaker 2: Housing costs have outpaced wages. And so, well, how about
- 19:25Speaker 2: sticker shock, right? Medium prices have hit records never seen before.
- 19:30Speaker 2: First-time buyers trying to figure out how do we come
- 19:33Speaker 2: up with a down payment? For example, Let's say you're
- 19:36Speaker 2: looking at a million-dollar home, which is no great shakes
- 19:39Speaker 2: here in Southern California. Here at the studio, we have
- 19:42Speaker 2: a window overlooking Burbank, these little crackerjack box-sized homes of
- 19:48Speaker 2: 1,100 square feet built in the 1920s, one bathroom, two bedrooms,
- 19:54Speaker 2: two bathrooms, two bedrooms if you're lucky, a million dollars
- 19:58Speaker 2: or more, which means on a conventional loan, you're putting
- 20:03Speaker 2: down $ 200, 000. That's money that's in the bank, $ 200, 000. And
- 20:09Speaker 2: then an $ 800, 000 mortgage on top of that. Yeah. And
- 20:12Speaker 2: let's not forget on a million dollar home, you're paying
- 20:15Speaker 2: about $ 12, 000 a year in taxes. And so there is
- 20:21Speaker 2: a new analysis just done by the LA Times and
- 20:24Speaker 2: what the changes are between 2005 and today. Homebuyers can't
- 20:30Speaker 2: afford more, but they're older, they're wealthier than they were.
- 20:33Speaker 2: The average size home is bigger. Home buyers tend to
- 20:38Speaker 2: put down more money than they ever did before because
- 20:40Speaker 2: it used to be in 2005, you could put down
- 20:42Speaker 2: three cents and buy a home. Those days are gone.
- 20:48Speaker 2: In 2005, here's a figure. The median buyer was 40
- 20:52Speaker 2: years old and brought in $ 92, 500. In 2025, that's $ 150, 000
- 20:54Speaker 2: that you could afford a house based on making $ 150, 000 today.
- 20:57Speaker 2: That's gone. That is gone. The average home of 1,600
- 21:08Speaker 2: square feet back then cost $ 525, 000. Today's dollars would be
- 21:10Speaker 2: about $ 900, 000. No, it doesn't work for us. It is
- 21:12Speaker 2: tough buying a home. We often said this before. Those
- 21:14Speaker 2: of us who own homes tend to be older. I
- 21:33Speaker 2: tend to have more money, certainly, than our kids have.
- 21:39Speaker 2: And the way you have a nice house. Now, I
- 21:44Speaker 2: was able to put together a pretty terrific house, the
- 21:46Speaker 2: Persian Palace. And when I sold it, I was able
- 21:48Speaker 2: to buy a very nice house in Orange County. But
- 21:52Speaker 2: the only way I was able to do that, for example,
- 21:54Speaker 2: my home that I had in Encino, was I had
- 21:57Speaker 2: to go through three or four homes. Bought a home.
- 22:03Speaker 2: Waited to appreciate, sold it. Stretched for them a new home. Appreciated,
- 22:08Speaker 2: sold it. Stretched to my new home. And you always stretch.
- 22:12Speaker 2: That's the rule that I've always followed. You stretch, stretch,
- 22:15Speaker 2: stretch because you'll catch up and the home will keep appreciating.
- 22:21Speaker 2: But that's really the only way. You see these homes
- 22:24Speaker 2: that are worth in the millions of dollars, they were
- 22:26Speaker 2: bought for $ 200, 000 20 years ago. So just a quick takeaway.
- 22:33Speaker 2: for those of us who have homes. And I'm going
- 22:37Speaker 2: to go sit in my living room, which is very nice,
- 22:39Speaker 2: my kitchen, which is very nice. And I'm going to
- 22:41Speaker 2: contemplate you never being able to afford a home if
- 22:45Speaker 2: you're younger or your kids. Have a nice day. Coming up,
- 22:53Speaker 2: the money that is needed for the 2028 Summer Olympics
- 22:56Speaker 2: is The city of L.A. is begging the Trump administration
- 23:03Speaker 2: to help out. That's going to work, isn't it? I'll
- 23:06Speaker 2: talk about that coming up. KFI AM 640. You've been
- 23:11Speaker 2: listening to The Bill Handel Show. Catch my show Monday
- 23:13Speaker 2: through Friday, 6 a.m. to 9 a.m. and anytime on
- 23:17Speaker 2: demand on the iHeartRadio app.