Latest / The Bill Handel Show / ‘Tech Tuesday’ with Rich DeMuro | Housing Market Swinging Toward Buyers

Transcript

‘Tech Tuesday’ with Rich DeMuro | Housing Market Swinging Toward Buyers · The Bill Handel Show

• 0:01
  Speaker 1: You're listening to Bill Handle on demand from KFI AM
• 0:04
  Speaker 1: six forty.
• 0:07
  Speaker 2: Kf I AM six forty Bill Handle.
• 0:09
  Speaker 3: Here.
• 0:10
  Speaker 4: It is a Tuesday morning, February third time for a
• 0:14
  Speaker 4: tech segment with Rich Demurow. Rich heard live every Saturday
• 0:19
  Speaker 4: right here at KFI eleven am to two pm. He's
• 0:22
  Speaker 4: on KTLA TV every morning, Instagram at Rich on Tech website,
• 0:27
  Speaker 4: richontech dot TV, and good morning Rich.
• 0:31
  Speaker 5: Good morning to you, Bill.
• 0:33
  Speaker 2: Oh there you are. Okay, what ends up happening?
• 0:36
  Speaker 4: And I want to explain a little bit of inside
• 0:38
  Speaker 4: baseball to everybody who's listening.
• 0:40
  Speaker 2: Is these topics and Rich's case send.
• 0:43
  Speaker 4: He sends them to me because this is stuff that
• 0:45
  Speaker 4: he wants to talk about, which I'm always interested in.
• 0:49
  Speaker 4: So the first topic and it sort of went, huh really,
• 0:52
  Speaker 4: and that is the question how to watch the super
• 0:55
  Speaker 4: Bowl this weekend?
• 0:56
  Speaker 2: And I'm thinking, besides with your eyeballs red, which you
• 1:00
  Speaker 2: want to explain this to me?
• 1:03
  Speaker 5: Okay, Well, yeah, I knew actually when I wrote that,
• 1:06
  Speaker 5: I knew you were gonna pick up on this. So
• 1:09
  Speaker 5: just to be clear, yes, you can still watch the
• 1:11
  Speaker 5: super Bowl on NBC if you have it on your
• 1:15
  Speaker 5: streaming service like a YouTube TV or a Hulu TV
• 1:19
  Speaker 5: Live whatever you've got it, no problem, Spectrum Direct TV.
• 1:24
  Speaker 5: You can also watch it over the air for free,
• 1:27
  Speaker 5: right like, if you have an antenna, you can watch it.
• 1:29
  Speaker 5: So those are the two like basics. But we're talking
• 1:33
  Speaker 5: about streaming because I cover technology, and of course I'm
• 1:36
  Speaker 5: curious to see how this has evolved, this event with streaming.
• 1:39
  Speaker 5: And last year was a big year for the Super
• 1:42
  Speaker 5: Bowl because it was the first time that I remember
• 1:45
  Speaker 5: that it was super easy to stream for free to
• 1:49
  Speaker 5: anyone on Fox's two B app. This year, NBC owns
• 1:54
  Speaker 5: the game apparently, and they are using Peacock as their
• 1:58
  Speaker 5: streaming service. And here is the thing. They're doing it
• 2:01
  Speaker 5: in a great four k HDR stream, but you have
• 2:05
  Speaker 5: to be on a paid plan to watch it, which
• 2:08
  Speaker 5: I think is just wild compared to last year, so
• 2:11
  Speaker 5: many people got used to just downloading this app on
• 2:13
  Speaker 5: all their devices and watching the Super Bowl for free.
• 2:16
  Speaker 5: Not the case this year.
• 2:17
  Speaker 4: Okay, so I have YouTube TV, will I be able
• 2:22
  Speaker 4: to watch it? I also have Peacock, But forget about
• 2:24
  Speaker 4: the Peacock. Well I have any problem watching it on
• 2:27
  Speaker 4: straight Well, I guess it's just broadcast TV.
• 2:29
  Speaker 2: But over a cable in this case.
• 2:33
  Speaker 5: No, you should have no problem. The thing about the
• 2:35
  Speaker 5: Peacock to know, you know, because you're like you said,
• 2:37
  Speaker 5: your your YouTube TV is basically the equivalent of cable TV, right,
• 2:42
  Speaker 5: Like it's just it's standard TV. The Peacock stuff is
• 2:45
  Speaker 5: interesting because even if you're on their basic plan or
• 2:49
  Speaker 5: their free plan, it does not include live sports. So
• 2:52
  Speaker 5: you have to be on their Premium plan eleven dollars
• 2:55
  Speaker 5: a month or the Plus plan. But here's the thing, Bill,
• 2:58
  Speaker 5: And this is where this gets a little into conspiracy
• 3:01
  Speaker 5: theory for me, because every year I've subscribed to Peacock
• 3:05
  Speaker 5: for the past couple of years on Black Friday because
• 3:07
  Speaker 5: they had an incredible deal. It was like twenty dollars
• 3:10
  Speaker 5: for the whole year of Peacock. Well this year they
• 3:14
  Speaker 5: did not have any deal whatsoever on Black Friday. Now
• 3:18
  Speaker 5: to me, it all makes sense why they didn't have
• 3:20
  Speaker 5: a deal. It's because they know last minute they're going
• 3:24
  Speaker 5: to get millions of people. I mean, I don't know
• 3:26
  Speaker 5: how many, but they're going to get lots of people
• 3:28
  Speaker 5: signing up to watch the Super Bowl on Peacock. All
• 3:31
  Speaker 5: these people that are cord cutters, cable cutters. They don't
• 3:34
  Speaker 5: have a you know, standard signal in their home, and
• 3:36
  Speaker 5: they go, oh, I got peacock. I can download the app,
• 3:38
  Speaker 5: and they download the app and it says, oh, not
• 3:40
  Speaker 5: so fast, ten ninety nine. Buddy, there you go.
• 3:43
  Speaker 4: All right, let me ask you when you said something
• 3:45
  Speaker 4: about antennas. You can run an antenno. Now, when I
• 3:48
  Speaker 4: was a kid, we used to put the antenna on
• 3:49
  Speaker 4: the roof. That antenna looks like an arrow with you know,
• 3:54
  Speaker 4: the spikes coming out, and everybody had one on their
• 3:58
  Speaker 4: chimney or whatever. Are you talking about putting up an
• 4:01
  Speaker 4: antenna on the roof like what we used to do.
• 4:05
  Speaker 5: Well, I mean, depending on where you live, you may
• 4:08
  Speaker 5: or may not have to do that. You know, in
• 4:10
  Speaker 5: Los Angeles the signals are pretty strong from the mountains
• 4:14
  Speaker 5: that broadcast these TV stations. But you know, it all
• 4:18
  Speaker 5: depends on where you live. So in my house, I
• 4:20
  Speaker 5: can put an antenna inside, and I can put it
• 4:24
  Speaker 5: on a wall and I can get almost every single
• 4:27
  Speaker 5: channel for so clear full HD minus maybe one. But
• 4:31
  Speaker 5: I have to put on a different wall to get
• 4:32
  Speaker 5: the other one.
• 4:33
  Speaker 4: All right, fair enough, and before we take a break, now,
• 4:36
  Speaker 4: we can't use the term Super Bowl. We have to
• 4:40
  Speaker 4: use the term the Big Game because we are going
• 4:43
  Speaker 4: to connect this with a commercial I mentioned, and that
• 4:48
  Speaker 4: is what to look.
• 4:49
  Speaker 2: For in a new TV for the Big Game.
• 4:55
  Speaker 5: Are we going into that?
• 4:57
  Speaker 2: Sure? Okay, I didn't know if we were going to break. Okay, yeah,
• 4:59
  Speaker 2: no we are. We're gonna go to rink after this
• 5:01
  Speaker 2: in a.
• 5:01
  Speaker 5: Minute, Okay. So here's the deal with the new TV.
• 5:05
  Speaker 5: So Number one, you know, I interview a lot of
• 5:08
  Speaker 5: experts on my radio show every weekend right here on KFI,
• 5:11
  Speaker 5: and pretty much every TV expert that I interview, and
• 5:15
  Speaker 5: I test a lot of these myself. TCL it's incredible.
• 5:19
  Speaker 5: It does such a great job. The two top picks
• 5:22
  Speaker 5: for budget TVs under five hundred dollars under one thousand
• 5:25
  Speaker 5: dollars tcl QM five K, tcl QM six K.
• 5:30
  Speaker 2: Bill.
• 5:30
  Speaker 5: I was in the Video and Audio Center yesterday. It's
• 5:34
  Speaker 5: like a local chain of places. And I'm not kidding.
• 5:37
  Speaker 5: The TV prices have gotten so low. It's been a
• 5:41
  Speaker 5: while since I've bought one a couple of years. I
• 5:42
  Speaker 5: just can't believe it. Like I'm talking two thousand dollars
• 5:45
  Speaker 5: for a ninety eight inch TV. How is that? Possible.
• 5:48
  Speaker 5: But here's the keyword to look for. Number one thing
• 5:51
  Speaker 5: to look for Mini led That is your cheat code.
• 5:55
  Speaker 5: Look for that on the TV you're buying.
• 5:57
  Speaker 2: Okay, I have a TV repair shops? Please gone out
• 6:00
  Speaker 2: of business? Are they just done?
• 6:02
  Speaker 5: Funny you say that. I drove past one the other
• 6:05
  Speaker 5: day and I had been harassing them to do a
• 6:08
  Speaker 5: story because I'm so curious. They fix a lot of
• 6:11
  Speaker 5: old electronics, and they will not do the story. They
• 6:12
  Speaker 5: have no interest whatsoever. Because I'm not trying to advertise,
• 6:15
  Speaker 5: I don't care. I said, please, let's do it. It'd
• 6:18
  Speaker 5: be so fun to see what you're doing on a
• 6:19
  Speaker 5: daily basis. Doesn't want to do it?
• 6:21
  Speaker 2: Huh? Okay? Uh ninety eight inch TV?
• 6:26
  Speaker 4: I mean that fills up an entire wall, and that's
• 6:30
  Speaker 4: under two thousand dollars. I mean that it's truly crazy.
• 6:35
  Speaker 4: How heavy is out? How do you hang it on
• 6:37
  Speaker 4: the wall without putting in uh you know, basically putting
• 6:40
  Speaker 4: a new structure in the wall.
• 6:42
  Speaker 2: Yeah.
• 6:43
  Speaker 5: No, I don't think you hang that one. That one
• 6:44
  Speaker 5: is too Uh. Yeah, I'm looking at on the website
• 6:47
  Speaker 5: right here. It's truly it's tcl again. Ninety eight inches,
• 6:50
  Speaker 5: that's just crazy for that.
• 6:52
  Speaker 2: You get it? How do you get it in the house? Big?
• 6:55
  Speaker 2: How do you get it into the house?
• 6:56
  Speaker 5: Like this would take yeah, it would take us several
• 6:58
  Speaker 5: people understand.
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  Speaker 4: Okay, so it's heavy, But how do you physically get
• 7:03
  Speaker 4: a ninety atv inch TV into your house?
• 7:06
  Speaker 2: I mean you've got doors to deal with.
• 7:09
  Speaker 5: Yeah, well, it going sideway.
• 7:11
  Speaker 2: It is really thin.
• 7:12
  Speaker 5: But I'm trying to see if there's a pounds on here,
• 7:14
  Speaker 5: Like how many pounds this thing weighs? Here? It is
• 7:17
  Speaker 5: product weight withstand one hundred and seventeen pounds. Total back
• 7:21
  Speaker 5: is weight two hundred pounds.
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  Speaker 4: That's easy, Psy, I have even two people lift that
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  Speaker 4: up and going into your house.
• 7:28
  Speaker 2: That's amazing. Ninety eight inch TV? All right? Rich?
• 7:31
  Speaker 4: A couple of new pieces of technology. One is the AirTag,
• 7:36
  Speaker 4: Apple's new AirTag.
• 7:37
  Speaker 2: Now.
• 7:38
  Speaker 4: I have to be a big fan of air tag
• 7:40
  Speaker 4: because I use it whenever I travel. I put in
• 7:43
  Speaker 4: my suitcase so I know where my luggage is. Is
• 7:46
  Speaker 4: it on the airplane, is it in the luggage department?
• 7:50
  Speaker 4: Is it on the carousel? What does the new AirTag
• 7:54
  Speaker 4: do that the one I have currently doesn't do?
• 7:57
  Speaker 5: So the main thing about the new air tag, which,
• 8:00
  Speaker 5: by the way, you love them. A lot of people
• 8:02
  Speaker 5: love them. It's been five years since Apple launched them,
• 8:05
  Speaker 5: if you can believe that, because I remember we were
• 8:07
  Speaker 5: talking about it right here. This is the first new version.
• 8:11
  Speaker 5: So here there's two main things.
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  Speaker 2: That are better.
• 8:14
  Speaker 5: Number one a longer what's called precision finding range. So
• 8:18
  Speaker 5: there's two ways in bill you can tell me if
• 8:20
  Speaker 5: you've ever done this, but you know, there's two ways
• 8:22
  Speaker 5: of finding your it's air tag. Number One, you can
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  Speaker 5: look at it on a map. It will show you
• 8:27
  Speaker 5: where it is on a map at all times anywhere
• 8:29
  Speaker 5: in the world. And then you can also use this
• 8:32
  Speaker 5: thing called precision finding. And so precision finding is when
• 8:35
  Speaker 5: your phone actually when you're close to the air tag,
• 8:38
  Speaker 5: it will lead you right to it, and it will
• 8:40
  Speaker 5: say go left, go right, move forward, move backwards. And
• 8:43
  Speaker 5: of course there's a speaker on it too. That's a
• 8:45
  Speaker 5: third way to find it. But that precision finding range
• 8:50
  Speaker 5: is now longer. So what used to be in my
• 8:52
  Speaker 5: testing about fifty feet now it's closer to one hundred
• 8:55
  Speaker 5: and fifty feet. So your phone, if it's nearby in
• 8:57
  Speaker 5: your house you know, or somewhere, will lead you right
• 9:00
  Speaker 5: to where that air tag is.
• 9:02
  Speaker 4: Okay, and that's great for you know, finding a wallet.
• 9:06
  Speaker 4: For example, I'm always losing my wallet. I'm always losing
• 9:09
  Speaker 4: the remote on my TV. Is it small enough that
• 9:12
  Speaker 4: you can use those reasonably easily?
• 9:17
  Speaker 5: Yeah? You know what they actually have, And this is
• 9:20
  Speaker 5: one of the features I love. On the Amazon fireTV.
• 9:23
  Speaker 5: My remote actually has a built in finder capability, so
• 9:26
  Speaker 5: you can go if you lose your Like for me,
• 9:28
  Speaker 5: if I lose my Amazon fireTV remote, I just say Alexa,
• 9:32
  Speaker 5: find my remote and it rings the remote. Apple for
• 9:35
  Speaker 5: some reason, with the Apple TV, even though they have AirTag,
• 9:39
  Speaker 5: they have not built that feature into the remote. Why not?
• 9:42
  Speaker 5: I mean it always gets lost in the couch cushions
• 9:44
  Speaker 5: or whatever. So yes, there are some like cases you
• 9:48
  Speaker 5: can buy on Amazon where you kind of put it's
• 9:50
  Speaker 5: like a rubbery case you can put around your Apple
• 9:52
  Speaker 5: TV remote that does hold an air tag. Of course,
• 9:55
  Speaker 5: you know, you can get it for any remote control anyway.
• 9:58
  Speaker 5: That's so that's another feature. The speaker is now also louder,
• 10:02
  Speaker 5: so it's fifty percent louder than before, so that I'll
• 10:05
  Speaker 5: help you find it. And then also you can now
• 10:08
  Speaker 5: use your Apple Watch to help you find this thing.
• 10:11
  Speaker 5: So for the first time, you can have your Apple
• 10:14
  Speaker 5: Watch lead you to the air tag, which has never
• 10:17
  Speaker 5: been done before. So that's new. Pricing is still the
• 10:19
  Speaker 5: same twenty nine dollars for one of these, ninety nine
• 10:22
  Speaker 5: dollars for a four pack. Existing accessories still work. Usually
• 10:26
  Speaker 5: when Apple comes out with something new, they kind of
• 10:28
  Speaker 5: change a tiny little fraction of it of an inch
• 10:31
  Speaker 5: or something, and then you have to get all new stuff. No,
• 10:33
  Speaker 5: everything's going to work just the same. There's no reason
• 10:36
  Speaker 5: to update your old or to upgrade your old air tags.
• 10:39
  Speaker 5: They're still going to work just fine moving forward. If
• 10:41
  Speaker 5: you want the new ones, that's what you can look
• 10:43
  Speaker 5: forward to.
• 10:44
  Speaker 4: Yeah, I have a black remote and a black couch
• 10:47
  Speaker 4: that does not work out very well.
• 10:48
  Speaker 2: I'm constantly looking for it. And then the Ring.
• 10:52
  Speaker 4: Has what's called a search party for lost dogs. This
• 10:56
  Speaker 4: is important because everybody loves their dogs.
• 11:00
  Speaker 5: Absolutely, and this is one of those things where Ring
• 11:02
  Speaker 5: was actually very smart, because this is a very sophisticated
• 11:06
  Speaker 5: system that scans basically random people's camera footage for dogs
• 11:13
  Speaker 5: and it's using AI. Now that sounds very scary because
• 11:16
  Speaker 5: if they were doing that for humans, you know, for
• 11:18
  Speaker 5: like an APB or something like that. People would be
• 11:20
  Speaker 5: up in arms. But because it's dogs, it's like they're
• 11:23
  Speaker 5: wading into it. They're tiptoeing into this field of like,
• 11:26
  Speaker 5: we have all these cameras out there, and yes, we
• 11:29
  Speaker 5: can find stuff really well, everything from a license plate
• 11:31
  Speaker 5: to a person. They're not using it for that just yet,
• 11:35
  Speaker 5: but dogs, we think everyone can agree on this is
• 11:39
  Speaker 5: a good use of this technology. So basically they're opening
• 11:42
  Speaker 5: this up to everyone. If you have a lost dog,
• 11:45
  Speaker 5: you can now download the Ring app and you can
• 11:47
  Speaker 5: upload a picture of your dog and say we're you know,
• 11:50
  Speaker 5: the neighborhood you're in, and it will scan all those
• 11:52
  Speaker 5: area cameras for your dog. If it finds it, it
• 11:55
  Speaker 5: will alert the neighbor, not you. It will alert them
• 11:59
  Speaker 5: and then they have the option to help find this
• 12:01
  Speaker 5: dog and reunite it with you.
• 12:03
  Speaker 2: Does it work on incredibly ugly people?
• 12:05
  Speaker 4: Too?
• 12:08
  Speaker 3: Ugly people are ugly dogs? Ugly people? Never mind that
• 12:12
  Speaker 3: one almost worked out. Okay, Rich tomorrow here him live
• 12:18
  Speaker 3: every Saturday right here on KFI eleven am to two
• 12:21
  Speaker 3: pm every morning on KTLA TV, Instagram, at rich on
• 12:27
  Speaker 3: Tech website, rich on tech dot TV, and Rich you
• 12:32
  Speaker 3: want to listen to this last segment and you'll see
• 12:36
  Speaker 3: how rude and crude I am.
• 12:37
  Speaker 4: You just don't think how horrible people are. You're way
• 12:41
  Speaker 4: too nice for this. All right, take care, Rich, We'll
• 12:45
  Speaker 4: catch you next week. I'll see you this weekend, or
• 12:46
  Speaker 4: I'll catch you this weekend, Rich tomorrow.
• 12:49
  Speaker 2: Okay.
• 12:50
  Speaker 4: The housing market. I love to talk about housing a
• 12:53
  Speaker 4: lot and hope choppers have actually given up a lot
• 12:58
  Speaker 4: of them because the depressed market. Sales are stuck at
• 13:04
  Speaker 4: a thirty year low. So it's miserable except if you're
• 13:07
  Speaker 4: buying a house and all of a sudden you're enjoying
• 13:10
  Speaker 4: discounts at the highest rate in years. Sixty two percent.
• 13:15
  Speaker 4: Now there's my there we go, right, Okay, let me
• 13:20
  Speaker 4: turn that off. My prescription is waiting for me at Kaiser.
• 13:23
  Speaker 4: About sixty two percent of buyers last year purchased a
• 13:27
  Speaker 4: home below the original price.
• 13:29
  Speaker 2: By the way, it's for.
• 13:31
  Speaker 4: A penicillin, and I'm going to tell you, I'm not
• 13:33
  Speaker 4: going to tell you why I need it.
• 13:35
  Speaker 2: An average discount for.
• 13:36
  Speaker 4: The home sold below their original price eight percent, I
• 13:41
  Speaker 4: mean eight percent doesn't seem like a lot, right, well
• 13:44
  Speaker 4: on a million dollar home, which is not unusual, especially
• 13:46
  Speaker 4: here in California. That's eighty thousand dollars. I mean, that'll
• 13:50
  Speaker 4: buy you a few cups of coffee at Starbucks. And
• 13:55
  Speaker 4: so what's happening now is that sellers are giving all
• 13:58
  Speaker 4: kinds of concessions. The housing market is tilting back in
• 14:02
  Speaker 4: the buyer's favor. From twenty to twenty twenty to twenty
• 14:06
  Speaker 4: twenty two, man, you couldn't buy a house.
• 14:10
  Speaker 6: You know, I mean the sellers people were bidding overbidding,
• 14:14
  Speaker 6: you know, they'd list the house and pay one hundred
• 14:17
  Speaker 6: thousand dollars more and people would be buying houses sit unseen.
• 14:21
  Speaker 2: There were no houses. And why is that?
• 14:25
  Speaker 4: Well, everybody that owned a house that was even considering
• 14:28
  Speaker 4: selling a house. Guy was able to refi at three percent,
• 14:32
  Speaker 4: and you're not going to give that up. Well, three
• 14:34
  Speaker 4: percent money is disappearing, our memory is it's fading. And
• 14:39
  Speaker 4: now we're back to a realistic about six percent, give
• 14:41
  Speaker 4: or take. So the housing market is tilting back in
• 14:45
  Speaker 4: the buyer's favor. And so now the situation has completely flipped.
• 14:52
  Speaker 4: The housing market in the US in December had six
• 14:55
  Speaker 4: hundred thousand more sellers than buyers. And that's the biggest
• 14:59
  Speaker 4: gaps since twenty thirteen and would be buyers right our
• 15:05
  Speaker 4: sideline by high home prices elevated mortgage rates. So home
• 15:10
  Speaker 4: buying is fairly low in demand, except that there are
• 15:16
  Speaker 4: a lot more sellers out there. So those who are
• 15:19
  Speaker 4: buying a house, well, you have a lot of negotiating power,
• 15:25
  Speaker 4: and so now it's kind of fair.
• 15:26
  Speaker 2: It used to be ridiculous. Now it's fair.
• 15:29
  Speaker 4: It's sort of right in line with where it should be.
• 15:32
  Speaker 4: And there were times when people couldn't sell their houses
• 15:35
  Speaker 4: at all. We're giving away houses and it went the
• 15:40
  Speaker 4: other way.
• 15:41
  Speaker 2: Not anymore.
• 15:43
  Speaker 4: So if you're out buying a house, I mean, it's
• 15:46
  Speaker 4: still way expensive and you're not going to get three
• 15:49
  Speaker 4: percent money. But if you are in the market for
• 15:51
  Speaker 4: a house, let me tell you now is the time
• 15:55
  Speaker 4: to do it, because I don't know what the future
• 15:57
  Speaker 4: is going to bring. When I bought my house two
• 15:59
  Speaker 4: years ago, I paid a lot of money. I think
• 16:03
  Speaker 4: I paid over market. It turned out that I paid
• 16:06
  Speaker 4: about market. Because here we are two years later, and
• 16:09
  Speaker 4: you would think it goes up five percent.
• 16:11
  Speaker 2: A year is usually what you think real estate homes
• 16:13
  Speaker 2: go up.
• 16:14
  Speaker 4: Well, the prices are the same hasn't moved, so we'll
• 16:18
  Speaker 4: see what happened. Not that it matters to me, because
• 16:20
  Speaker 4: this is my house. I'm going to end up dying.
• 16:22
  Speaker 4: In a matter of fact, I do that normally on
• 16:25
  Speaker 4: the show. At least two three times a week.
• 16:26
  Speaker 2: I die.
• 16:28
  Speaker 4: But it's if I were to sell my house, I'm
• 16:31
  Speaker 4: going to get about what I paid for it now,
• 16:34
  Speaker 4: less commissions, less esco, that sort of thing.
• 16:36
  Speaker 2: So I'm going to basically take a.
• 16:37
  Speaker 4: Loss watching all the changes you made. Yeah, I know
• 16:42
  Speaker 4: I made a lot of change. Yeah, I don't know
• 16:43
  Speaker 4: if I'm ever going to get that money back because
• 16:45
  Speaker 4: I came in and remodeled. That's another reason why home
• 16:49
  Speaker 4: buyers are being reluctant.
• 16:51
  Speaker 2: It used to be they would buy anything.
• 16:55
  Speaker 4: And now they come into a house and realize, oh boy,
• 16:58
  Speaker 4: we're going to have to spend some money on rem modeling.
• 17:01
  Speaker 4: Or the inspection comes back and it's a lot more
• 17:05
  Speaker 4: money to bring it up to code or bring it
• 17:07
  Speaker 4: up to a livable standard than they thought. So after
• 17:12
  Speaker 4: inspection they bail out. So now you're seeing how now
• 17:15
  Speaker 4: you're seeing prices drop from crazy to about normal right
• 17:19
  Speaker 4: now where buyers are actually negotiating and see We'll see
• 17:23
  Speaker 4: what happens over the next couple of years. Can't wait
• 17:26
  Speaker 4: to see. And I've been buying houses well, and not
• 17:29
  Speaker 4: buying houses as an investment vehicle, but I bought my
• 17:32
  Speaker 4: first house in my twenties. Can you imagine buying your
• 17:35
  Speaker 4: first house in your twenties? Who in God's name can
• 17:39
  Speaker 4: buy a house in their twenties today? It is impossible,
• 17:43
  Speaker 4: but it was a lot of years ago I started practicing.
• 17:47
  Speaker 4: I also made a good living right out of law school.
• 17:49
  Speaker 4: Who makes a good living right out of law school?
• 17:52
  Speaker 2: Nobody?
• 17:53
  Speaker 4: Now if you have to be graduating top ten percent
• 17:56
  Speaker 4: from one of the ivs, yeah, you're gonna do just fine.
• 17:59
  Speaker 1: My goal was to own a house by forty and
• 18:03
  Speaker 1: I bought a house at forty, So knock it on
• 18:08
  Speaker 1: that door.
• 18:09
  Speaker 4: Not twenty shoot, yeah, well I wasn't twenty. I think
• 18:13
  Speaker 4: I was twenty seven or twenty eight, but still in
• 18:16
  Speaker 4: my twenties. All right, As we finish our show, and
• 18:20
  Speaker 4: I've been talking about this.
• 18:22
  Speaker 2: One a whole lot for fifty years.
• 18:25
  Speaker 4: Having a bachelor's degree or higher led to much better
• 18:28
  Speaker 4: employment prospects, greater pay, greater job security. Well that is flipped.
• 18:34
  Speaker 4: That has flipped and why. Well, the bottom line is
• 18:38
  Speaker 4: AI has a great deal to do with it, and
• 18:42
  Speaker 4: businesses just shrinking white collar workers, and the unemployment gap
• 18:48
  Speaker 4: between workers with bachelor's degrees and those with occupational degrees
• 18:53
  Speaker 4: read two years degrees, plumbers, electricians, pipe fitters, and some
• 18:56
  Speaker 4: not even degreed with an AA that flipped last year.
• 19:01
  Speaker 4: Trade worker's slight edge and it is getting wider. And
• 19:07
  Speaker 4: that's the first time trade workers have a leg up
• 19:12
  Speaker 4: since the Bureau of Labor Statistics even started tracking in
• 19:15
  Speaker 4: the nineteen ninety And it's all about today's labor market obviously,
• 19:21
  Speaker 4: and economics are saying, man, this is one of the
• 19:23
  Speaker 4: most vexing problems, especially for entry level applicants, and that
• 19:29
  Speaker 4: is exactly what's going on. My daughter finished her bachelor's
• 19:33
  Speaker 4: degree in computer science, getting a trying to get an
• 19:36
  Speaker 4: entry level computer science job.
• 19:38
  Speaker 2: They don't exist. AI has taken over.
• 19:42
  Speaker 4: You just can't get a job, which is why she's
• 19:44
  Speaker 4: starting her master's degree. So she is going to in
• 19:46
  Speaker 4: a couple of years have a master's degree and be unemployable,
• 19:50
  Speaker 4: and then we don't know what.
• 19:51
  Speaker 2: The hell she's going to do.
• 19:53
  Speaker 4: And just to give you an idea, you get out
• 19:56
  Speaker 4: of college and you try to get a job.
• 19:58
  Speaker 2: What do you think you're going to get paid? Okay,
• 20:00
  Speaker 2: not much.
• 20:01
  Speaker 4: So let's say you decided you're not going to college
• 20:04
  Speaker 4: and you're not going to pay insane tuition. Let's say
• 20:07
  Speaker 4: you go and you learn how to be an elevator
• 20:09
  Speaker 4: repair person or installer. Average salary one hundred and three
• 20:15
  Speaker 4: thousand dollars a year. Aircraft mechanic eighty five thousand dollars
• 20:20
  Speaker 4: a year, with in southern California being a lot higher
• 20:23
  Speaker 4: because they're much more in demand. Aircraft mechanic eighty five thousand,
• 20:29
  Speaker 4: electrical power power line installer ninety thousand, HVAC technician sixty
• 20:36
  Speaker 4: five thousand, not so much, dental hygienist ninety five thousand dollars.
• 20:42
  Speaker 4: And do you need a certificate? Usually you do, but
• 20:45
  Speaker 4: it's a two year degree. Right Power Distribution and Dispatch
• 20:51
  Speaker 4: ninety four thousand. I mean, it goes on and on
• 20:54
  Speaker 4: with these occupational degrees or occupational experience and just the description.
• 21:01
  Speaker 4: And by the way, let me give you the national
• 21:03
  Speaker 4: demand for these. National demand for entry level computer work
• 21:08
  Speaker 4: is about zero. National demand for the elevator person is
• 21:12
  Speaker 4: very high. Aircraft mechanic is growing, the power line installer, high,
• 21:18
  Speaker 4: HVAC technician steady, dental hygienus high is what the national
• 21:25
  Speaker 4: demand is.
• 21:27
  Speaker 2: So now, why would you go to college?
• 21:33
  Speaker 4: If I had kids today, which I do, I would
• 21:36
  Speaker 4: tell them what are you doing in school? What are
• 21:39
  Speaker 4: you doing? And school is so expensive now? But the
• 21:45
  Speaker 4: minute my kids were born, I started a college fund
• 21:48
  Speaker 4: from them. So if they want to go to college,
• 21:50
  Speaker 4: there's money there. But I'm telling them why why would
• 21:54
  Speaker 4: you do it? You're going to end up with half
• 21:56
  Speaker 4: the money and fewer job prospects, as a matter of fact,
• 22:00
  Speaker 4: almost none in certain cases. Then if you go out
• 22:03
  Speaker 4: and learn how to do HVAC heating and air conditioning
• 22:07
  Speaker 4: or become an airline mechanic, does it take some time? Yeah,
• 22:11
  Speaker 4: you know, it's like going to college. You have to
• 22:12
  Speaker 4: do an apprenticeship in most cases, especially in construction work,
• 22:16
  Speaker 4: but you get paid. College costs you money. You pay
• 22:20
  Speaker 4: to go to college, You get paid to even be
• 22:24
  Speaker 4: an apprentice. It's like the whole concept of which I've
• 22:28
  Speaker 4: never understood. During games, professional games, well my team won, No, No,
• 22:34
  Speaker 4: it's not your team. You pay to go to those games.
• 22:38
  Speaker 4: Do you understand when you say my team. That means
• 22:42
  Speaker 4: you own the team. Just want to point that out.
• 22:46
  Speaker 2: Are you familiar with five guys? You like five guys Burgers?
• 22:49
  Speaker 2: I do? Yeah? Great.
• 22:51
  Speaker 1: Do you know the story behind that that? It was
• 22:55
  Speaker 1: so the father and you know the family, they put
• 22:58
  Speaker 1: money in for college for the boys, and when it
• 23:02
  Speaker 1: was tied for them to college, go to college, the
• 23:04
  Speaker 1: father basically said, you can use this for college, or
• 23:07
  Speaker 1: you can pitch me a business idea. And they pitched
• 23:11
  Speaker 1: the idea of five guys and it's huge. Oh yeah,
• 23:15
  Speaker 1: it's north instead of college. Good for them.
• 23:18
  Speaker 4: I mean they could have gone to college and still
• 23:20
  Speaker 4: be working at thirty eight thousand dollars a year.
• 23:22
  Speaker 2: Okay, guys, we're done. Coming up, it's Gary and Shannon.
• 23:25
  Speaker 2: We're again back tomorrow starting with Amy and Will wake up,
• 23:30
  Speaker 2: Call Neil and I jump aboard at six, and then
• 23:33
  Speaker 2: Cono and An of course are always here because well
• 23:37
  Speaker 2: they went to college and are starving working here at
• 23:41
  Speaker 2: iHeart good.
• 23:43
  Speaker 4: Welcome to the show. This is KFI AM sixty.
• 23:48
  Speaker 2: You've been listening to the Bill Handle show.
• 23:50
  Speaker 4: Catch my show Monday through Friday six am to nine am,
• 23:53
  Speaker 4: and anytime on demand on the iHeartRadio app,