Latest / The Bill Handel Show / Suspending Gas Tax, Reducing Refinery Regulations | Airbnb Warns LA of ‘Doomsday’
Transcript
- 0:00Speaker 1: You're listening to Bill Handle on demand from KFI AM
- 0:04Speaker 1: six forty.
- 0:12Speaker 2: KFI AM six forty Bill Handle.
- 0:14Speaker 3: Here it is a Tuesday morning, March seventeen, Saint Patrick's Day.
- 0:20Speaker 3: Some of the stories we are following Israel says it
- 0:24Speaker 3: has killed Iran's top security official and one of the
- 0:29Speaker 3: most powerful decision makers Ali Lata Johnny and the other
- 0:36Speaker 3: guy whatever his name, is also a head honcho, a
- 0:40Speaker 3: grand puba within his own publicity. And we have a
- 0:45Speaker 3: lot going on today now the gas tax, as Amy
- 0:51Speaker 3: reported this morning, we are now paying one dollar more
- 0:56Speaker 3: for a gallon of gas than the rest of the country,
- 1:00Speaker 3: where gas has exploded in cost anyway. So here is
- 1:04Speaker 3: the fight between affordability and environmental protection goals.
- 1:09Speaker 2: And the fight.
- 1:12Speaker 3: Is not only among those people, but among those running
- 1:15Speaker 3: for governor. So you have two Democratic gubernatorial candidates are
- 1:20Speaker 3: calling for suspending California's field tax, fuel tax and or
- 1:25Speaker 3: easing the regulations. Why because gas prices have hit five
- 1:30Speaker 3: dollars and fifty two cents per gallon statewide.
- 1:34Speaker 2: Isn't that special? Amy?
- 1:36Speaker 3: In southern California, I know LA and Orange County. You
- 1:39Speaker 3: reported on those prices, and what are they.
- 1:45Speaker 2: La County is five sixty three a gallon. Orange County
- 1:48Speaker 2: is five point sixty and it's five point fifty three
- 1:51Speaker 2: in the ie. Yeah, isn't that. No, that's fantastic, isn't it.
- 1:56Speaker 3: And so Democratic lawmakers have rejected the fuel suspension.
- 2:00Speaker 2: Why because we need road.
- 2:02Speaker 3: Funding and therein is the fight between affordability and the environment.
- 2:09Speaker 3: So San Jose Mayor Matt Mahon or mayhan as if
- 2:14Speaker 3: we know him, he's.
- 2:15Speaker 2: Running for governor.
- 2:17Speaker 3: He has a press conference in front of a gas
- 2:20Speaker 3: pump and there he is what a photo op, right,
- 2:26Speaker 3: and he says, the costs of gas becoming an emergency
- 2:29Speaker 3: for working families, and I think we ought to act
- 2:31Speaker 3: like it. And he said he called on state lawmakers
- 2:35Speaker 3: to suspend the gas tax, which is sixty one cents
- 2:39Speaker 3: per gallon, and.
- 2:40Speaker 2: What a shocker. It is also the highest in the nation.
- 2:45Speaker 3: Also, who is running for governor, former La Mayor Antonio
- 2:49Speaker 3: Via ra Gosa, and he had his press conference. He
- 2:53Speaker 3: was in a pothole at the time, and he called
- 2:55Speaker 3: for an immediate moratorium on regulations that he for overburdening
- 3:01Speaker 3: California refineries and working families.
- 3:03Speaker 2: By the way, that was not too obscure.
- 3:05Speaker 3: Remember when he ran for mayor, he was going to
- 3:08Speaker 3: fix every pothole in the city, a million potholes, which
- 3:13Speaker 3: he didn't quite make. And so at the cost of
- 3:16Speaker 3: living in California is still astronomical. The cost of gas
- 3:19Speaker 3: has become astronomical and people just have a hard time
- 3:23Speaker 3: affording it. Cono, you drive in an hour each way
- 3:26Speaker 3: sixty one or seventy miles.
- 3:29Speaker 2: How badly did is this hitting you?
- 3:33Speaker 4: Let's see before when it was in the mid fest
- 3:36Speaker 4: it was like forty five dollars a gallon, and now
- 3:38Speaker 4: it's sixty five, So twenty bucks each time I fill
- 3:42Speaker 4: up more.
- 3:43Speaker 3: Twenty dollars more every time you fill up, and you
- 3:46Speaker 3: fill up how often?
- 3:47Speaker 2: Once a week?
- 3:48Speaker 4: This car is twice a week just to come to work.
- 3:51Speaker 4: So between the two cars three times a week.
- 3:54Speaker 2: Oh my god, So what are you spending on gas
- 3:58Speaker 2: just my drive to work?
- 3:59Speaker 5: Or like, yeah, I know in general, across the board,
- 4:01Speaker 5: across the board when it's this high again, it's back
- 4:05Speaker 5: up to around seven hundred a month, but between both
- 4:08Speaker 5: cars and family and seven hundred.
- 4:11Speaker 2: Dollars a month for now.
- 4:13Speaker 3: Granted Kno drives more than most, but the cost of
- 4:16Speaker 3: gasoline when people are living paycheck to paycheck and it's
- 4:20Speaker 3: going up.
- 4:21Speaker 2: It's not seven hundred dollars a month.
- 4:23Speaker 3: Let's call it three hundred four hundred dollars a month,
- 4:25Speaker 3: which is not unusual that that can break you. And
- 4:30Speaker 3: so what can be done well before we have, in fact,
- 4:35Speaker 3: I think, suspended the gas tax. And what ends up
- 4:39Speaker 3: happening is there is so much money that the state
- 4:42Speaker 3: receives from gas tax that it makes a huge, huge
- 4:48Speaker 3: inroad in terms of what the budget is. I mean,
- 4:53Speaker 3: we do a lot of driving, we pay a lot
- 4:56Speaker 3: of taxes, and to remove those taxes as a real hit.
- 4:58Speaker 3: Also the environmental aspects of this, because we have that
- 5:02Speaker 3: summer blend our restrictions in terms of the emissions of.
- 5:09Speaker 2: Fossil fuel. What do they call that emissions? Yeah?
- 5:14Speaker 3: Do I have that right? I'm mixing the two up.
- 5:16Speaker 3: In any case, the amount of gunk that comes out
- 5:19Speaker 3: of the exhaust pipe, how's that for? This is why
- 5:21Speaker 3: I'm so damn good at this stuff, because I do
- 5:25Speaker 3: such a phenomenal job of explaining the gunk that comes
- 5:29Speaker 3: out of the tailpipes is so environmentally unfriendly that it's
- 5:35Speaker 3: a big deal.
- 5:36Speaker 2: Well, eating is probably more of a big deal, you think.
- 5:41Speaker 6: Oh no, Alasonia, California is known for trying to save
- 5:45Speaker 6: the world by trying to ruin California.
- 5:47Speaker 2: Yeah, pretty much. Good point.
- 5:48Speaker 3: I think you've just done a very very good job
- 5:51Speaker 3: of describing it. Now, the Democratic super legislature, you know,
- 5:55Speaker 3: there's a super majority, of course of Democrats who don't
- 5:59Speaker 3: like this idea and have shut down the idea of
- 6:04Speaker 3: lowering the gas tax and lowering the requirements of that
- 6:09Speaker 3: super blend of gasoline that reduces the emissions. I think
- 6:15Speaker 3: I got that right, not O missions, but emissions.
- 6:19Speaker 6: Old mission would be they don't tell us what they're
- 6:23Speaker 6: doing with that.
- 6:24Speaker 2: Yeah, pretty much. O mission would be.
- 6:28Speaker 3: Not having this show anymore, which would do everybody a
- 6:31Speaker 3: lot better. As matter of fact, there's a move in
- 6:34Speaker 3: a California legislature to remove this show, and it's.
- 6:38Speaker 2: A jurisdictional issue.
- 6:40Speaker 3: In any case, what is going to happen, Well, they've
- 6:42Speaker 3: got to do something, and the way I see it,
- 6:46Speaker 3: they probably have to do both. Because the difference in
- 6:50Speaker 3: the cost of gas as oil goes up up up,
- 6:54Speaker 3: which is going to do as long as this war continues.
- 6:57Speaker 3: Then the disparity between the cost of gasoline here and
- 7:02Speaker 3: the rest of the country is also exploding, and it's
- 7:06Speaker 3: I think a dollar per gallon more. Well, yeah, it's
- 7:11Speaker 3: almost a dollar per gallon more nationally too. So we
- 7:16Speaker 3: are now at two dollars a gallon more than than
- 7:20Speaker 3: the national average was before the war started. Wow, okay,
- 7:27Speaker 3: do I have a story for you? And I really
- 7:30Speaker 3: enjoy doing. This is how we've changed society and where
- 7:34Speaker 3: we're going, and this one has to do. I'm going
- 7:36Speaker 3: to give you a stat. Service oriented tenants have least
- 7:40Speaker 3: over fifty percent of total retail square footage in twenty
- 7:44Speaker 3: twenty five, and that is surpassing goods based retail for
- 7:48Speaker 3: the first time.
- 7:50Speaker 2: And there's two reasons for it. Reason Number one is.
- 7:54Speaker 3: Brick and mortar stores, which are renters, are really reducing
- 7:59Speaker 3: their foot rent because of online shopping for the most part.
- 8:04Speaker 3: And at the same time, the number of the wellness
- 8:11Speaker 3: stores and there's no way you can shop online for
- 8:14Speaker 3: a massage, for example, I mean you got to go
- 8:16Speaker 3: in there and they have to have a physical a
- 8:19Speaker 3: physical space. So Americans are out shopping these days. Here's
- 8:24Speaker 3: another reason. Far more likely to be buying botox or
- 8:27Speaker 3: boxing lessons than shoes or shampoo. Consumer dollars remain firmly
- 8:34Speaker 3: pointed at Services National director of say of US retail
- 8:38Speaker 3: analytics for a group called co Star and changes at
- 8:43Speaker 3: the property level, and it tells us that e commerce
- 8:48Speaker 3: is growing like crazy and the thinking of Americans are
- 8:54Speaker 3: very different. And what I didn't know this wellness is
- 9:01Speaker 3: expanding as a market two point one trillion dollars in
- 9:05Speaker 3: twenty twenty four in the US. Now, businesses are growing
- 9:12Speaker 3: the demand, I mean like crazy. There are now shops
- 9:15Speaker 3: for laser facials, IV hydrations, vitamin infusions, botox, red light therapy,
- 9:23Speaker 3: cryotherapy blasting the body with sub zero temperatures, reducing inflammation,
- 9:29Speaker 3: et cetera. Waxing centers, you know those waxing stores where
- 9:36Speaker 3: women get their Brazilian which everybody knows what that is.
- 9:40Speaker 3: And there's also the Guyana where it's a little bit different.
- 9:44Speaker 3: Women who remove their panties look like a rabbi. It's
- 9:48Speaker 3: just a different way for people to look. And they
- 9:52Speaker 3: care about how they look, and they care about their bodies,
- 9:56Speaker 3: and they care about how they feel their health. And
- 10:00Speaker 3: that is way more important now for people to that
- 10:06Speaker 3: Americans experience.
- 10:09Speaker 2: Planet fitness right.
- 10:11Speaker 3: You've heard of Planet Fits Discourse, one of the big
- 10:15Speaker 3: gyms out there. They've added more than a million members
- 10:19Speaker 3: last year and they're going to open up two hundred
- 10:22Speaker 3: new locations in twenty twenty six. You talk about a
- 10:24Speaker 3: business that's crazy. Retail is shrinking. How many stores, major
- 10:30Speaker 3: brands retail stores have you heard about closing down.
- 10:35Speaker 2: That story after story after story.
- 10:39Speaker 3: Now when you're talking about Botox centers, those are exploding.
- 10:45Speaker 3: And it's see, I don't care how I look, but
- 10:49Speaker 3: I but I go to a gym, and I have
- 10:54Speaker 3: my choice of gyms. There are plenty of gyms around me,
- 10:57Speaker 3: far more than retail stores, for example.
- 10:59Speaker 2: And that's what where we're going interesting.
- 11:03Speaker 3: As I talked about, this is one of those This
- 11:05Speaker 3: is how America is dealing with itself and dealing with
- 11:10Speaker 3: its future. Things are changing and more rapidly than you
- 11:14Speaker 3: could ever imagine. And of course AI is the forfward
- 11:17Speaker 3: front of all this. And we're going to be doing
- 11:19Speaker 3: AI stories like crazy, because there are areas that AI
- 11:24Speaker 3: is now involved in that you can't even imagine how
- 11:28Speaker 3: much AI is going to influence our lives. I think
- 11:36Speaker 3: AI may actually be more important and have a bigger
- 11:39Speaker 3: impact than the computer. And it was in my lifetime,
- 11:44Speaker 3: which is when computer. I remember the first computer that
- 11:47Speaker 3: came out and I'm not that old. Yes you are, Bill, No,
- 11:51Speaker 3: I'm not. And I remember the first Steve Jobs computer,
- 11:56Speaker 3: and I remember popular mechanics. I think we're the first
- 12:00Speaker 3: actual computer you could have. You had to make it yourself,
- 12:02Speaker 3: and it just gave you the plans, et cetera. It's
- 12:05Speaker 3: a very different world. Okay, World Cup is coming to
- 12:10Speaker 3: LA this year, and then the Olympics are coming to
- 12:14Speaker 3: Los Angeles and a lot of hotels and rooms are
- 12:21Speaker 3: going to be well, the place is going to be full.
- 12:24Speaker 3: I mean, I don't think there's gonna be a hotel
- 12:25Speaker 3: room that exists anywhere near Los Angeles because of the
- 12:28Speaker 3: number of people that are coming in.
- 12:30Speaker 2: I mean, those are two big, big, big venues.
- 12:33Speaker 3: So the people at Airbnb issue what's called a doomsday
- 12:38Speaker 3: letter to LA ahead of the twenty twenty six feet
- 12:42Speaker 3: foot World Cup, demanding the city and the rules banning
- 12:46Speaker 3: second homeowners from letting out their properties as vacation rentals
- 12:51Speaker 3: during the tournament. Right now, if you have a second home,
- 12:55Speaker 3: you cannot be an Airbnb person. The company Airbnb said
- 13:02Speaker 3: that if they keep on doing this during these two events,
- 13:08Speaker 3: the explosion of properties, those that are that will be
- 13:15Speaker 3: available that are now not available. If they do that,
- 13:20Speaker 3: then you're going to see an average of taxes increasing
- 13:24Speaker 3: eighty percent. And we're only talking about a week or
- 13:27Speaker 3: two weeks during these events.
- 13:30Speaker 2: Deloitte.
- 13:31Speaker 3: A Deloitte study found an Airbnb host in LA can
- 13:34Speaker 3: make up to five thousand dollars.
- 13:35Speaker 2: For the week during the event.
- 13:38Speaker 3: And what Airbnb is saying, you know what, just during
- 13:41Speaker 3: this time, you know, get rid of those rules. It's
- 13:45Speaker 3: gonna be one hundred million dollars just in taxes to
- 13:48Speaker 3: the city.
- 13:50Speaker 2: You're going to make a bucket of money.
- 13:52Speaker 3: And the problem is you've got the people who are
- 13:56Speaker 3: the homeless, the homeless housing people.
- 13:59Speaker 2: And this is the reason.
- 14:00Speaker 3: That we have that law in place, is because those
- 14:06Speaker 3: second homes were taken off the market, are no longer
- 14:09Speaker 3: long term rentals and they just keep the place for
- 14:13Speaker 3: Airbnb users or the very Trabago and the other platforms.
- 14:20Speaker 3: And it makes sense, I guess, in one way, and
- 14:24Speaker 3: that you take those off those properties off the market,
- 14:28Speaker 3: they they're no there, they are not long.
- 14:30Speaker 2: Term rentals anymore.
- 14:32Speaker 3: And If you do that with enough people, you've got
- 14:34Speaker 3: a housing shortage added to the housing shortage, added to
- 14:37Speaker 3: the housing shortage, and we just don't have enough units available.
- 14:42Speaker 3: And then the whole issue is low long term versus
- 14:45Speaker 3: the airbnb very short term. And then you have the
- 14:49Speaker 3: prices of housing and Neil, you are one of those
- 14:54Speaker 3: bastards that have an airbnb, don't you? Not in La,
- 14:59Speaker 3: But it's going to be close if you open it up.
- 15:02Speaker 3: You don't think big bear, You don't think an hour,
- 15:04Speaker 3: and you don't think an hour and a half coming
- 15:06Speaker 3: into La. Look what happened in Japan, Okay, where people
- 15:10Speaker 3: were two three hours coming into the city.
- 15:13Speaker 6: There is no one that I see on a daily
- 15:16Speaker 6: basis talking to themselves and swinging sticks at trees. That
- 15:22Speaker 6: is going if I only had a house. We do
- 15:26Speaker 6: not have a housing problem. We have too many people problem.
- 15:30Speaker 6: Oh okay, I'm sorry, You're right. That's another way of
- 15:33Speaker 6: looking at it. Well, don't have I can't get it.
- 15:36Speaker 6: I can't afford Beverly Hills. You know what, I don't
- 15:39Speaker 6: live in Beverly Hills. I understand, But you're going to
- 15:42Speaker 6: be able to room on this. In the United States,
- 15:45Speaker 6: for people. And the homeless issue is not because people
- 15:48Speaker 6: don't have housing.
- 15:50Speaker 2: Well, okay, it depends on how you look at it.
- 15:52Speaker 3: For example, we don't have we don't have people who
- 15:57Speaker 3: are food insecure.
- 16:00Speaker 2: We don't have people that don't want enough to eat.
- 16:03Speaker 2: We have to we have.
- 16:04Speaker 3: What we do is we have too many people for
- 16:07Speaker 3: the food that we have.
- 16:08Speaker 2: That's the problem. It's those damn people out there for food.
- 16:12Speaker 2: We have plenty of food. I told you.
- 16:14Speaker 3: We just say, understand, but but we waste the food. Oh,
- 16:18Speaker 3: here's the analogy. We throw away the food and the airbnb.
- 16:22Speaker 3: I understand, but we throw away the food. You're right,
- 16:24Speaker 3: but that's exactly what the airbnb folks are saying, is that, uh.
- 16:30Speaker 2: You you give us a week, you.
- 16:32Speaker 3: Give us two weeks, and we are going to pay
- 16:34Speaker 3: a lot of tasks every time there is somebody who
- 16:37Speaker 3: is poor or broke.
- 16:39Speaker 6: That people who make a living and work for it
- 16:42Speaker 6: are the ones that are punished. You are saying you
- 16:44Speaker 6: can't make money using your house. You are because an elitist, Oh,
- 16:49Speaker 6: says the guy who lives behind a gate.
- 16:53Speaker 2: With a code.
- 16:54Speaker 6: I live with the people, baby, the people.
- 16:57Speaker 3: The people that don't have a house, on the sidewalk,
- 17:01Speaker 3: and that don't eat because they're eating canned they're eating
- 17:04Speaker 3: cat food because that's all he can afford.
- 17:06Speaker 2: Have you seen the fat homeless people here in La
- 17:10Speaker 2: Actually I don't see homeless people because I don't.
- 17:13Speaker 6: Starving homeless people in Los Angeles, Sir, they're very well fed.
- 17:19Speaker 2: This is not about.
- 17:19Speaker 3: Carving homeless people. Starving well fed homeless people. Let me
- 17:23Speaker 3: think that one through during the break, okay, because I
- 17:26Speaker 3: have to wrap my head around that one.
- 17:28Speaker 2: Starving fat people, homeless and drug problems. That's not about
- 17:33Speaker 2: a house.
- 17:35Speaker 3: Now, I want to move over to robotics and just
- 17:40Speaker 3: a clever idea. Having been in the construction business, as
- 17:43Speaker 3: you know, I've told you many times, I work my
- 17:46Speaker 3: way through law school in construction. I had a business
- 17:49Speaker 3: that went there was spectacularly failure that I lost my
- 17:54Speaker 3: shirt on, and law school will save my ass in
- 17:57Speaker 3: any case. The parts of the world world, particularly the
- 18:01Speaker 3: United States and UK, are experiencing a housing crisis. Demand
- 18:06Speaker 3: for housing outpacing supply. And this is a story mainly
- 18:11Speaker 3: odd of England, but it's quickly coming to the United States.
- 18:14Speaker 3: As a matter of fact that it has already reached
- 18:16Speaker 3: here and it is a hell of a story.
- 18:19Speaker 2: Okay.
- 18:20Speaker 3: It's a company called Automated Architecture and it makes portable
- 18:25Speaker 3: micro factories that produce the wooden framing of.
- 18:29Speaker 2: A house, walls, floors, roofs.
- 18:32Speaker 3: These micro factories produce the panels quicker, cheaper, more precisely
- 18:37Speaker 3: than a framing crew. And what it does is free
- 18:40Speaker 3: up carpenters to focus on the construction afterutely taking these
- 18:43Speaker 3: panels and just putting them together.
- 18:46Speaker 2: And it's all about automation. So here's what happens.
- 18:49Speaker 3: Home builders send the company building plans and the software,
- 18:54Speaker 3: the AI that it has, calculates how many panels are needed,
- 18:59Speaker 3: exactly how much wood the developer has to buy, and
- 19:03Speaker 3: the whole thing is shipped in a shipping container to
- 19:06Speaker 3: the job site. An operator is there and inside the
- 19:10Speaker 3: factory a robotic arm measures cuts nails the timber into
- 19:14Speaker 3: panels and this is all done with AI, including windows
- 19:19Speaker 3: and door gaps, drilling holes for wiring and plumbing, and then.
- 19:23Speaker 2: It's all put together. I mean, what a clever idea.
- 19:28Speaker 3: Now there are factory built homes that do it at
- 19:32Speaker 3: the factory and then deliver the homes or deliver the
- 19:35Speaker 3: kits right, the walls, etc. This happens at the job
- 19:40Speaker 3: site and it is made precisely there and is put
- 19:45Speaker 3: up well, it's put up in a matter of days
- 19:48Speaker 3: as opposed to weeks. It takes a normal timber framing
- 19:53Speaker 3: crew four weeks to put this up.
- 19:56Speaker 2: This happens in one day. Actually, the service thirty percent.
- 19:59Speaker 3: Cheap than framing crew, fifteen percent cheaper than buying panels
- 20:05Speaker 3: from large factories pre built and shipping them to a
- 20:09Speaker 3: site more environmentally friendly. How is that Well, wood bends, twists,
- 20:16Speaker 3: has bits taken out, and has knots.
- 20:18Speaker 2: The micro factory it's AI responds to the.
- 20:22Speaker 3: Flaws in the wood and then calculates how to best
- 20:25Speaker 3: work with the wood the available material. Also, the panels
- 20:31Speaker 3: fit together more tightly so heat loss of the final
- 20:35Speaker 3: home is reduced.
- 20:37Speaker 2: I mean, how clever is this? I mean this is brilliant.
- 20:42Speaker 3: They currently have three microfactories in the US and the
- 20:47Speaker 3: UK five more set to be delivered here. This is
- 20:52Speaker 3: something that well, the argument is that we're taking away
- 20:57Speaker 3: the construction workers are losing jobs. Well, you do have
- 21:03Speaker 3: framers that are losing jobs because now they work one
- 21:06Speaker 3: day instead of four weeks. But there aren't enough framers
- 21:10Speaker 3: out there to begin with. The industry is desperate for framers.
- 21:17Speaker 3: This is a terrific idea. And having been in the
- 21:19Speaker 3: construction business and had framers building homes, framers built my
- 21:24Speaker 3: house and it took weeks and weeks. Boy, I would
- 21:30Speaker 3: do this in a heartbeat. In a heartbeat, all right,
- 21:34Speaker 3: Coming up, Rich to morrow. It is our Tech segment
- 21:38Speaker 3: with Rich. This is KFI Am sixty.
- 21:42Speaker 2: You've been listening to the Bill Handle Show.
- 21:44Speaker 3: Catch my show Monday through Friday, six am to nine am,
- 21:48Speaker 3: and anytime on demand on the iHeartRadio app.