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Professional Development: The Fall of Commerical Real Estate · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 4: What is the indicator that warns us of a possible depression?
• 1:05
  Speaker 5: Gotta look at the money supply. So when I was
• 1:06
  Speaker 5: in my research on this, this is scared. So in
• 1:08
  Speaker 5: eighteen seventy, the money supply was negative too, which led
• 1:13
  Speaker 5: to the unemployment and fourteen percent. A nineteen twenty one
• 1:17
  Speaker 5: it was negative two percent, which led to the employment
• 1:20
  Speaker 5: being eleven percent the Great Depression, the money supply was
• 1:24
  Speaker 5: negative twelve unemployment was twenty five percent negative, and the
• 1:30
  Speaker 5: money supply in twenty twenty three we are currently at
• 1:32
  Speaker 5: negative two percent.
• 1:34
  Speaker 3: What is the money supply?
• 1:35
  Speaker 5: How much money is actively floating in the market. So
• 1:39
  Speaker 5: in twenty twenty they have a bunch of it that
• 1:41
  Speaker 5: they put in that were acting like Floyd at Girl Collection.
• 1:44
  Speaker 5: We're just throwing money around and everyone you get a car,
• 1:47
  Speaker 5: you get a car, you get some money. Now the
• 1:49
  Speaker 5: supply is actually negative. So outside of the inverted yield curve,
• 1:53
  Speaker 5: the two and ten, this is the one that predicts
• 1:56
  Speaker 5: a depression. Am I going to go on record and
• 1:59
  Speaker 5: say they we're going to go into the depression.
• 2:00
  Speaker 3: No?
• 2:01
  Speaker 5: But Dave scared the hell out of me on stage
• 2:03
  Speaker 5: when they talked about the commercial.
• 2:05
  Speaker 3: Level very common.
• 2:06
  Speaker 5: He said like silvigating and this issue with SVB this
• 2:10
  Speaker 5: is small. I was like, wait, what, So if he's
• 2:14
  Speaker 5: been in the institutional space and then a buffet indicator
• 2:18
  Speaker 5: is turning over the inverted yield curve keeps signaling recession,
• 2:23
  Speaker 5: but Biden and yelling and won't announced it yet. There's
• 2:26
  Speaker 5: a reason why things can be a hell of a
• 2:29
  Speaker 5: lot worse, so please be careful.
• 2:31
  Speaker 4: Well, the commercial real estate thing is a few people
• 2:34
  Speaker 4: have been talking about that for a while, and even
• 2:36
  Speaker 4: in China. Remember years ago they had built the whole
• 2:38
  Speaker 4: city where nobody's ghost town. And these are things where housing.
• 2:43
  Speaker 4: People are always gonna need housing. But you see malls.
• 2:46
  Speaker 4: I live in the area where there's a mall and
• 2:47
  Speaker 4: they're closing that. I think they're building an apartment building
• 2:50
  Speaker 4: there because people aren't shopping the same. Right, when you
• 2:53
  Speaker 4: look at office space, nobody's working in office anymore, right,
• 2:56
  Speaker 4: So this is something that all signs lead to the
• 3:02
  Speaker 4: commercial bubble, right, And there's only so much apartment buildings
• 3:08
  Speaker 4: that you can build out a certain point that becomes unsustainable. Also,
• 3:13
  Speaker 4: so the real estate market is definitely interesting, and ye
• 3:19
  Speaker 4: shot the day he gave some great insight on that.
• 3:22
  Speaker 4: But I think that when people are looking to invest
• 3:25
  Speaker 4: in real estate, it's important to understand what's essential. So
• 3:30
  Speaker 4: housing is essential, right, You can't really go wrong with housing, because.
• 3:37
  Speaker 6: This episode is brought to you by P and C Bank.
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  Speaker 6: A lot of people think podcasts about work are boring,
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  Speaker 6: Association Member fdiic Erners.
• 4:20
  Speaker 3: What's up?
• 4:21
  Speaker 6: You ever walk into a small business and everything just
• 4:23
  Speaker 6: works like the checkout is fast, the receipts are digital,
• 4:27
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• 5:27
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 5:31
  Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
• 5:35
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 5:39
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 5:43
  Speaker 1: some of the heinous migrant criminals caught because of President
• 5:47
  Speaker 1: Donald J.
• 5:47
  Speaker 2: Trump's leadership.
• 5:49
  Speaker 1: I'm Christy Nohm, the United States Secretary of Homeland Security.
• 5:52
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 5:56
  Speaker 1: lowest levels ever recorded, and over one hundred thousand and
• 6:00
  Speaker 1: illegal aliens have been arrested. If you were here illegally,
• 6:04
  Speaker 1: your next you will be fine nearly one thousand dollars
• 6:07
  Speaker 1: a day.
• 6:08
  Speaker 2: Imprisoned and deported, you will never return.
• 6:11
  Speaker 1: But if you register using our CBP home app and
• 6:14
  Speaker 1: leave now, you could be allowed to return legally.
• 6:18
  Speaker 2: Do what's right. Leave now.
• 6:20
  Speaker 1: Under President Trump America's laws, border and families will be protected.
• 6:25
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 6:27
  Speaker 4: People always gonna need to live somewhere, unless you're just
• 6:31
  Speaker 4: doing it the wrong way. You're buying a luxury apartment
• 6:33
  Speaker 4: building in Omaha, Nebraska, that might not be something that's
• 6:36
  Speaker 4: really suit out to Omaha shots But all these other
• 6:41
  Speaker 4: commercial projects you just gotta see a lot. Some commercial
• 6:44
  Speaker 4: makes sense, but some commercial it might not make sense.
• 6:47
  Speaker 4: It might make sense today, but it might not make
• 6:50
  Speaker 4: sense ten years from now. Where housing is always Housing
• 6:53
  Speaker 4: today is still gonna make sense housing ten yearsrom now.
• 6:55
  Speaker 4: But like you said, the office space, who knows, Corona
• 6:58
  Speaker 4: three point seven might come out right, and then there's
• 7:00
  Speaker 4: nobody ever going to be working in offices ever. Again,
• 7:03
  Speaker 4: that's that can happen. So it's just like.
• 7:05
  Speaker 6: Or people decide that they are going back to work
• 7:08
  Speaker 6: and now it makes sense.
• 7:09
  Speaker 4: It's risky the housing residential real estate. In my opinion,
• 7:15
  Speaker 4: residential real estate is And that's why he said a
• 7:17
  Speaker 4: lot of these big banks and institutions started buying single
• 7:21
  Speaker 4: family homes Blackstone black You know, I just feel like
• 7:24
  Speaker 4: residential real estate is a little bit more risky than
• 7:28
  Speaker 4: commercial real estate. Residential is more risky. Commercial is more risky. Absolutely,
• 7:35
  Speaker 4: And because like I said, you see it. You said,
• 7:37
  Speaker 4: the mall that we grew up going to going right.
• 7:40
  Speaker 6: If you think about the workspace people, what happens to
• 7:43
  Speaker 6: the space, They have to in a sense get converted.
• 7:47
  Speaker 6: But they're going to get converted at a rate that
• 7:49
  Speaker 6: makes sense to the person who's actually going to purpose
• 7:51
  Speaker 6: purchase it. And that's one of the things he said.
• 7:52
  Speaker 6: It was like, Yo, that's a bar. He was like, yo,
• 7:54
  Speaker 6: when it's distress. That's how they invest. A lot of
• 7:57
  Speaker 6: these commercial real estate companies right at a serpent, they're
• 8:01
  Speaker 6: not gonna get anything. They're not getting their leases, they're
• 8:03
  Speaker 6: not getting their rents, or they're gonna they're gonna have
• 8:06
  Speaker 6: to force to get it at or sell it at
• 8:07
  Speaker 6: a price, or least at a price that makes sense
• 8:10
  Speaker 6: for the pent who's actually gonna acquire it, and so
• 8:12
  Speaker 6: it's gonna be a great opportunity for somebody. Or if
• 8:15
  Speaker 6: they don't do that, then somebody's gonna come in and
• 8:17
  Speaker 6: just say, all right, well we're gonna make this residential anyway.
• 8:19
  Speaker 5: Yeah, because when I go into the gallery and now
• 8:21
  Speaker 5: gallery is dead.
• 8:22
  Speaker 4: Man.
• 8:23
  Speaker 5: It used to be thousands of kids at the little
• 8:25
  Speaker 5: skating rink. Now I go dry over there, a by center,
• 8:27
  Speaker 5: bundon a little foot locker down there.
• 8:29
  Speaker 3: Like.
• 8:29
  Speaker 5: The thing that we have to realize too is when
• 8:31
  Speaker 5: you keep borrowing and putting more debt on a consumer base,
• 8:34
  Speaker 5: you destroy your bias market for everything. Yeah, so if
• 8:38
  Speaker 5: you don't take care of the people now, it's gonna
• 8:40
  Speaker 5: affect your business later.
• 8:44
  Speaker 4: My graduates from my school being forced back drop bag
• 8:49
  Speaker 4: drop might drop back drop drop.
• 9:03
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 9:07
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 9:11
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 9:15
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 9:19
  Speaker 1: some of the heinous migrant criminals caught because of President
• 9:23
  Speaker 1: Donald J.
• 9:23
  Speaker 2: Trump's leadership. I'm Christy nom the.
• 9:26
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 9:30
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 9:34
  Speaker 1: and over one hundred thousand illegal aliens have been arrested.
• 9:38
  Speaker 1: If you are here illegally, your next you will be
• 9:41
  Speaker 1: fined nearly one thousand dollars a day, imprisoned, and deported.
• 9:45
  Speaker 2: You will never return.
• 9:47
  Speaker 1: But if you register using our CBP home app and
• 9:50
  Speaker 1: leave now, you could be allowed to return legally.
• 9:53
  Speaker 2: Do what's right, leave now.
• 9:56
  Speaker 1: Under President Trump, America's laws, border and family will be protected.
• 10:01
  Speaker 3: Sponsored by the United States Department of Homeland Security,