Jack Squier Austin's Skyrocketing Home Prices

[00:00:10] Hey, what's up? Welcome back to friends in Austin today my guest is Jack Squire, a guy I've been friends with for pretty much since I moved to Austin. I'd say probably six, seven years now around their.

[00:00:20] Glad to be on your podcast. This is pretty cool.

[00:00:24] I'm glad to finally have you on. And before we get started here, I'm just going to give a quick update because there was two weeks went by, the podcast didn't come out, and then an episode came out and then a week went by without an episode coming out. Some people will ask some questions about it. The podcast isn't going away. It's going to go back to regular every week scheduling. I took a two week break and then actually I was sick last week and had to cancel some appointments. I didn't think it was covered, but I got to cover test anyway. It was not covered is likely just a sinus thing that is now cleared up.

[00:00:54] But I don't have any episodes like I usually like to have two in the back log in case someone reschedules or if I get sick or something.

[00:01:01] I don't have that right now. So I mean, there is a chance that another week break would occur, but unlikely.

[00:01:07] So next week starting going to start building up that backlog and being back on every week. Release on Tuesday, as usual. But thanks everyone for tuning in again. And sorry about the little break.

[00:01:21] But here we are, you're back on, man. Yeah, yeah. So I wanted to give a quick shout out to your hometown hero. This isn't a paid advertisement. I just like them. They are selling Delta eight, which is a new form of THC that is legal as far as I know, across the entire United States.

[00:01:38] But literally, if you smoke it or you eat it, it to me it seems just like regular THC, which is, I guess, Delta nine THC. So these are the gummies. They have the 25 milligrams I've taken. I've never eaten a whole lot of these. I have one is just fine for me and they're awesome. And again, they have that amazing art on all their labeling. If you're interested in more of a hometown hero, just Google Hometown Hero CBD or go to Hometown Hero CBD Dotcom. There's also hometown hero vapor. And also check out Lucas' Silkies episode. It's one of my favorite episodes. The founder of that company, which is a local awesome company that uses local artists for their labeling, came on the podcast, I don't know, twenty something episodes ago. And this is a vaporizer from them that has Delta in it. And it tastes great, tastes kind of like mine. I really like it.

[00:02:23] So that's it as far as shout outs right now.

[00:02:28] Let's let's introduce you a bit, Jack, and then we were going to jump in to some news, we're going to. I know GameStop is like beating a dead horse, but me and Jack, we're talking about GameStop a lot last week when I was out of town and then sick. So I want to touch on it briefly. Talk a little bit about crypto. We're going to also talk about the petition to reinstate the ban on public camping. That is some recent news that's come out. And a lot of this episode is going to be about awesome real estate. We're going to talk a lot about the skyrocketing home prices and home prices in Austin and what's going on here.

[00:02:58] And Jack knows a lot more about that than myself because he's in the mortgage industry, which we're going to get into.

[00:03:04] So before we get to the news, Jack. This is Jack Swier. Hi. Hi. Keep your microphone up close to you. Yeah, OK. Now, I guess.

[00:03:18] Well, you're not tonight you're you're in Austin Unicorn spawn and raised.

[00:03:22] Yes. Some people say, you know, your leprechaun, you're a unicorn, which means you're a rare breed. Apparently not a lot of people are born and raised in Austin. Yeah. Yeah.

[00:03:32] So, yeah, it's been it's been cool to see a lot of change.

[00:03:36] A lot of people are coming here. One of the benefits is I've made a lot of friends like yourself from all over. Surprising. A lot of people have been from Indiana like yourself, which has been really random.

[00:03:47] It's weird. I've met a lot of Indiana people like Derek, and that whole crew just kind of expanded out to more Indiana people.

[00:03:52] Weird. And like Wisconsin, you got like all over the map. It's pretty cool to see.

[00:03:57] But, yeah, we've known each other six, seven years, yeah, and we met I've mentioned Socco on the lake so many times, but it's an apartment complex in South Austin. We basically met through that whole groove somehow so long ago.

[00:04:10] It truly is just the smallest community where everybody kind of seems to know somebody who can get along with another person and then a cool connection. And they're making.

[00:04:20] And we are shout out to Jeff Belinski, actually. Yes. Yeah. You do not believe him that I was someone to hang out with. I think it's hilarious. Yeah.

[00:04:28] Because, I mean, you know, Jeff, you know, Jeff is. But I won't get into it because other people don't know. But yeah, he was trying to tell me. Oh yeah. Hang Jacksboro, this guy is really cool. And I was just like, whatever. Yeah.

[00:04:39] I love that story.

[00:04:40] It's great.

[00:04:41] So you you were actually recently thinking about leaving Austin and you went on a three month road trip, is that correct?

[00:04:49] He was about three and a half months.

[00:04:52] This is kind of when the pandemic there was just so much negativity. The election was happening.

[00:04:58] No one was doing anything, man. And it was just anything you were doing. Staying inside. You're watching the news. People were just going crazy. I was going crazy. I was working. It was a great year.

[00:05:09] But and you sell loans and you work you can work remotely.

[00:05:13] Basically. I can't believe you don't go in the office. Yeah. Did you ever go in the office with this current job?

[00:05:18] I did.

[00:05:19] When covid hit, we got the option to work remote. The office was based just outside of Austin. So just for me, just convenience, it was easier to work from home. My production actually like doubled after I started working from home, from being able to, you know, be available 24/7, not have to go to an office. So huge benefit there. That kind of helped spark the idea that I could then go anywhere and do what I was doing. Being in Austin, you know, my entire life, seeing a lot of the change, I've seen what's going on. When there's nothing to do, when everything's shut down, the bar's friends aren't going out, there's not a plan for the weekend, I get a little restless and you know why not?

[00:06:01] I like traveling if there's something else going on. It's a perfect opportunity with working remotely, still making good money. There's not much going on here. And a lot of people did the same. And so you randomly text me one day and you're like, hey, I'm up in Missoula, Montana. I gave you I give you a phone call.

[00:06:18] I rented an Airbnb is in downtown Missoula. It was way too big for just one part, I think was like three bed, two baths. Heart of downtown was like the equivalent of South Congress being downtown in Austin.

[00:06:30] Yeah. Shot you call.

[00:06:31] Hey, man, I'm in Missoula. You want to come down? I've never been before, like ten days.

[00:06:37] It's too big. Let me know if you want to come.

[00:06:40] And that worked out perfect cause yeah, I was already going to Denver and I was like, oh well, I'm not going to be in Denver.

[00:06:47] Might as well drive all the way up to Missoula.

[00:06:49] You were the first person I contacted and I'm like, there's no way.

[00:06:52] But I'll let him know that I'm starting my trip.

[00:06:55] I want to be gone for three months. So if he can't make Missoula, maybe he can make one of these other places. And you're like, yeah, yeah, I think that'll work.

[00:07:02] Like, that is pretty far north is super far. Yeah. So that was a really fun time.

[00:07:09] So then inspired by your road trip, I was like, well, fuck it, Jack's going on this road trip and it sounds really awesome.

[00:07:14] And dude, all the reasons you just said I was like I should just I didn't do as long as one is you, but I was like, well, since I'm going all the way to Missoula to see him, I still go to Denver, stopped in Yellowstone, went up to Missoula to hung out with you, and then made our way back down all the way through Idaho and New Mexico, back to Texas.

[00:07:29] But yeah. So where all did you go on your three 1/2 months?

[00:07:33] Yeah, three and a half months. And it flew by like that. I had a general idea, like a plan, kind of an outline of where I wanted to go. What part of the fun of making that trip was kind of having it be spontaneous in the same way I know wanted to go north.

[00:07:50] I started in Denver.

[00:07:52] I wanted to go up to Oregon and then make my way back. But I would book an Airbnb, maybe no longer than one or two weeks out so I could kind of play with it.

[00:08:01] So I decided, hey, I don't want to go maybe to Oregon, maybe I want to go to Northern California or something. I was totally flexible and I could do it.

[00:08:07] I like that strategy because also, I mean, it'd be kind of daunting to try to rigidly plan a three and a half month trip.

[00:08:13] Oh, it's ridiculous. And by car two, it's like, well, now I have to plan how many miles it is.

[00:08:18] Well, then where's the Airbnb? Is there a halfway stop?

[00:08:20] And then it's just and when you're working, too, you know, I have my whole car packed with my computer. I had a desktop monitor, a keyboard, a phone console. It was a lot to haul.

[00:08:30] Hmm. Yeah. I wanted to start off with Colorado and I'm going to Denver. Estes Park for a week, stayed in Linden, Utah.

[00:08:40] And I was in Utah for, I want to say three weeks, which is one of the most beautiful places I've been. I went to a place called Eden, Utah, a family friend who lives there. He owns almost like a compound, and he didn't. And Eden's tiny. What it literally looked like little Switzerland like it literally, if you have an idea of what Switzerland looks like, this place looks like it. It doesn't look like anywhere else in the U.S.. I've been. Hmm.

[00:09:08] What's unique about it?

[00:09:09] I mean, just just a landscape. It's I mean, I want to say maybe a couple thousand people live there. Mm hmm. And I when I was there, were they all Mormon?

[00:09:20] Um, I don't know, that wasn't a question, I was like, but are you Mormon?

[00:09:26] Utah does have a lot of Mormons. The one thing that stood out was the amount of. Young pregnant women that I saw on, you could tell, which seems to be a rarity, especially in Austin or certain places I go. This is a very wholesome state and some of the nicest, genuine people, just big families there. It is because they're Mormon. Maybe it's just the culture there.

[00:09:50] But a beautiful place.

[00:09:53] Nice and yeah, and I was there, there was no snow, so just the landscape, it's very mountainous. Think of like Salt Lake or, you know, ski destination may get a lot of hiking, a lot of outdoors there. And right after that went to Missoula Musila, you and I connected for a little bit.

[00:10:11] Mm hmm. Yeah, that was fun.

[00:10:13] We went to Missoula and, you know, me and Colleen went on this trip together. Also, it was mainly a lot of outdoor stuff, national parks, hiking trails, hiking.

[00:10:22] I like hiking, too.

[00:10:23] Not as much as her, but yeah, we hike in and Missoula the little like it was exhausting.

[00:10:29] Like halfway through, we both kind of looked at each other like these guys want to do, like I did dinners in like an hour. You sure you want to go. Like we can go back.

[00:10:37] Yeah, we got to the end. But then she was like, well, let's go over to the L or whatever. It was like, no way. No, we're going back down. But Missoula was so pretty.

[00:10:48] And then there was that street guitar thing.

[00:10:50] Yes. And I've talked about this on the podcast before.

[00:10:53] I don't remember which episode it was. I was, oh, it has road tripping in the title. That was back when this whole thing happened. And I put that video at the end of us playing guitar with that guy. Right. What happened with that? Yeah, uh, it was just random.

[00:11:07] And we were like kind of it was downtown and that dude on the corner. You can probably do a better job describing him than I can, but it's just kind of a grungy looking dude, long hair.

[00:11:19] He had a guitar and it was it sounded rusty, man.

[00:11:22] It just sounded like a chainsaw. We have yet had set up, like super distortion, a little amp.

[00:11:27] And I was like, I think it was a V guitar. So I was like, you know, a metal guitar.

[00:11:31] And you went up to him. I think you offered a couple of bucks, but can I play?

[00:11:35] Yeah. And then, of course, we'd put it in, like, drop dead and like, heavy tools for him. And the best part about that guy was he was there every single day and it was so small. I know. I know. And then the next day he was there. I was there for another 10 days after he left. He was still there every single day. Oh, my God. He's probably out there right now. Probably anyone who might be from Missoula who ever would see this goes.

[00:12:01] I know who they're talking about. Sure.

[00:12:04] Because Missoula is so small and he's playing Metal Street guitar, not like some country blues.

[00:12:08] You can start from blocks and you're like, what is that? Yeah.

[00:12:11] Anyone walking downtown, it just shows how chill they are because no one's ever been like, hey, stop doing that.

[00:12:17] It's a it's a pretty artsy it's kind of like that.

[00:12:20] Keep Austin weird kind of vibe seeing.

[00:12:22] All right. So we've got some waters, but we're talking about Missoula's Street Guitar Guy.

[00:12:26] But where else did you go on your road trip? Like, what was it? Also, I want to say you were going because you were potentially thinking about leaving Austin, correct?

[00:12:32] Yeah. Part of the motivation was to also buy some real estate investments in real estate in other places. There are a couple cities I had planned. No one was calling Idaho. She has some beautiful, like just a beautiful city. I mean, it's north north Idaho. If you think of Boise, that's kind of southern. And then as you get up to the tip or two lanes up there, it's maybe 20, 30 minutes from Spokane. And you have like Canada. So it's super far north.

[00:13:04] And it's funny you mention Courtland, because I follow a couple of real estate channels on YouTube. And God, I wish I remember that guy's name, musical guy, but his first name, I cannot remember his last name. I'm just subscribed. So it pops up, you know. Yes, I know. I know who you're talking about. You know who I'm talking about. Yeah, he's he's a good YouTube channel.

[00:13:18] And he did a whole video on Quarter Lane. And when you mean and so it's like, oh, Jack.

[00:13:21] Jack knows about Quartel into it looks really cool. It looks I mean, I don't know that it would fit our age group necessarily, but like if I was looking to to start a family be good.

[00:13:33] Yeah. It's, it's a beautiful area.

[00:13:35] I think I was watching one of his episodes a day or two ago and.

[00:13:40] People like to think more people are moving to Texas than any other state, but I think more people moved to Idaho. I know that doesn't sound right, but he was showing like the actual percentage change was Idaho over Texas.

[00:13:51] Oh, really? Which is pretty crazy. That is crazy. I know. Yeah. So so Austin in Texas, I mean, Austin has been in the news so much or it's every year, year after year, I always get it. And it's just blowing up even more just like that.

[00:14:02] The California tax after this year, you see Oracle moved here. Tesla's building the power plant right around there.

[00:14:09] And then Samsung's talking about they already have a place here. They're talking about opening another. I don't know what they're going to be doing at this office building, if it's going to be manufacturing or if it's going to be an office.

[00:14:20] But they said the average salary is one hundred thousand dollars for the people working at this place.

[00:14:24] And it's it's hundreds of jobs, if not thousands.

[00:14:27] So like but it's one of those things where there you know, how all the companies now are like, all right, we want to put this mega plant here. What city is going to give us the biggest tax breaks? And they kind of did this, like, big thing, right? So I don't know if Austin is going to win, but that's what happened with Tesla.

[00:14:43] That's so smart, though. It is the tax benefits of being in Texas for a business, really big tech company that's already established relative to California and. Mhm.

[00:14:55] Yeah. Yeah, yeah. Those restrictions give more land for sure.

[00:15:00] So you're looking at Quarter Lane and what did you think of it when you were there.

[00:15:03] It was beautiful man. I went maybe mid October and when you're that high in elevation you can feel the sun.

[00:15:13] It's onya it was maybe seventy degrees.

[00:15:16] Perfect. Beautiful.

[00:15:17] I get there, I'm exhausted. I probably drove ten hours from the other city I was in and then the next day I wake up and there's like three feet of snow and like I'm not used to things now. Like we kind of had snow recently.

[00:15:29] We had to, but that was kind of like real, real snow. You know, it was like an ice day or like powder or just these little flakes.

[00:15:38] It was real snowman.

[00:15:39] And I was not prepared. I don't even have, like, a windshield thing to scrape the snow off. Yeah, I was scared driving. I stopped driving. I, like, pulled around the block. My car was skidding. I hit the brakes, the car kept going. And I'm like, I'm not going to drive right now because I don't know how to do this.

[00:15:52] Yeah, because driving in snow is practice thing. Like, I hadn't driven in snow in so long since I've been here for seven or eight years now. When I was in Denver a couple of weeks ago, I almost hit somebody because it had been so long since I've driven in snow. I hit the brakes and I was like, oh, I was I'm going, yeah. I came this close, I had to swerve into oncoming traffic to not rear end the person.

[00:16:09] It's so it's so terrifying. And it's not something you think you can prepare for. I can't read a Google article to be like, oh, OK, that's how I drive in snow. Yeah.

[00:16:17] It's like, no, you need to experience it.

[00:16:20] But beautiful man, it is cold up there if that's what it is in October.

[00:16:24] That was part of my hesitation, I knew up front, if you go up that far north, even Utah, Colorado, I'm from Texas, I'm not used to that type of cold.

[00:16:33] And that's why people part of the reason people move here is the weather, which one of my primary reasons was just I was looking for good weather and a cool city. Yeah, yeah.

[00:16:43] Part of the appeal of those smaller cities is just how much growth there is in Austin, like we were talking about it this week. It can be overwhelming just to see how much development there is. And after a certain age, once you've done it, you've done the downtown scene for so long, you don't want something a little bit new.

[00:17:02] I get it because, I mean, like, see, we've talked about this before.

[00:17:05] Like, you grew up in a cool city.

[00:17:07] So, like, there's less incentive to leave, but you still even have that itch because like, you grew up here.

[00:17:11] There is like me, like I moved to Chicago first, then here had I grew up in someplace like Austin.

[00:17:18] I'm not sure if I would have moved.

[00:17:19] I would have maybe like went on some longer vacations to maybe get an idea. Like one time I went to San Diego was only a week. A week is not really long enough to know if you want to live somewhere. But I went there for a week and I was like, yeah, it's cool. But, you know, what I was disappointed about in California was this was like two or three years ago. I was just like I had this idea in my head, like, you could just go to the beach all year. It's not the case. Like, you can go to the beach. Sure. But like, California is kind of cold, like it is.

[00:17:42] And it gets windy, especially in the coastal places like San Francisco to some of the coldest winters you'll experience.

[00:17:48] So and then also it's just like, well, the ocean water so cold out of the year, like maybe it's sixties all year round almost in San Diego, but like, the water's cold, so you can only really get get in the ocean three months out of the year. So it's just kind of that.

[00:18:00] And it seemed like Austin seems really small to me in size, which since I grew up in a really small town, the city's not as daunting like Chicago.

[00:18:07] I was like, oh yeah, this is insane. But Austin's like I look at downtown, I'm like, that's it.

[00:18:11] Like, that's all of it. You're seeing it right now. Austin is pretty tiny.

[00:18:22] For how many people are moving here?

[00:18:24] It's seeming a little bit bigger than it is, but one of the other appeals of moving to a smaller place is just having a sense of community, of having something that you feel like you're part of.

[00:18:36] Like a deep impact in the community cordylines. There's not a lot of people that live there in comparison to Austin. And the appeal of like.

[00:18:46] Really, knowing everybody in your community and having an impact on that community, it's appealing and it's kind of it's so big that it's hard to get that it's getting harder to get that feeling.

[00:18:59] And obviously, that could change wherever you live and what you're involved in in the community. But just generally compared to, you know, growing up here versus where we're at now.

[00:19:07] Yeah, I forgot that was one of the reasons that you were looking at these other towns, and that makes sense. So is there any other towns on the road trip map that you want to talk about?

[00:19:17] Oh, yeah, I liked a place called Astoria, Oregon, and I kind of did it on a whim.

[00:19:23] I had my sister join me. And one of the cool things about this trip is at some part of the country, as in, I always had a friend meet up with me like you were there. I went fly fishing with my friend Chandler.

[00:19:36] We were right outside Missoula and our Airbnb literally had the river right by it. So we did a huge fly fishing trip. I think we got 15 fish. And in one day we saw snow on the boat, totally unprepared for it. And then it was like sunny day, crazy trip. Awesome. What a story. It was one of my favorite places and I would. Potentially consider buying a home there just to visit or maybe to an Airbnb. Coastal, it's got some mountains. It's kind of like felt kind of like Philadelphia, where you kind of have that, like industrial feel and just some grit. You see what the locals say, like, well, these are like really hard working kind of people and they've really made their living here. Really weird town to Teenage Ninja Turtles is based out of story. Oregon.

[00:20:28] The Goonies are based out of a story. Oregon. Do you remember the Disney Channel original movies like Way Back in the Day?

[00:20:36] Like what? Like they used to come out with one one a month and it would be like.

[00:20:41] Like smart house luck of the Irish, I think Airbed might have been one of them.

[00:20:45] Oh, I know everybody, but yeah, and they had one called Halloweentown where every day was Halloween and this fictional town, and that was based on a story. So I was there during Halloween. And then one of the things that was not cool about the trip was places were shut down because of Kovik, just like in Austin, which kind of negated some of the things that I could do, which is kind of the shift to doing like a bunch of outdoor stuff while I could write a story.

[00:21:11] And it's a cool city. It's a weird, quirky town, affordable real estate. That sense of community, you have the ocean right there, some of the most scenic places. Yeah, it's kind of like a little vacation spot. Be cool to get away from. Nice. Nice. And that's something I've been thinking about, as in the future it'd be nice to like.

[00:21:35] And I've talked to other people about this, actually, Mattie, who is on the podcast mentioned, and he's like, I mean, like, you just should just have a place in another state and kind of split your time or whatever.

[00:21:43] It's it's so fun to think about. And that's kind of what started this trip. And like a lot of what other places are there just kind of going on, you know, online, looking at some homes and then looking a little bit more about the place, the history. It's like school. You know, if I could take a month off and go to story or maybe they have a place in Utah or maybe somewhere in the southeast.

[00:22:03] Yeah, it'd be nice to like. So Colleen loves Colorado, but she lived there in Colorado is really cool. I like it too. I could see myself like, get the worst weather in Austin. I would say the summers, although I love the summers here, but it is hot as hell.

[00:22:15] So like really nice to get to like a Denver organ or something in the summer and just, you know, live here for the rest of the year before we retire to Florida.

[00:22:24] The words are to Florida to go.

[00:22:28] So you want to talk a little bit about what you do? Sure. So I am a loan officer means I originate mortgages, basically work in mortgage sales, been doing it for about six, maybe seven years now.

[00:22:45] Got into it through a family friend, much like anyone who works in the mortgage industry, is usually like a family, a connection, a friend who gets them when nobody goes to college to work in mortgage sales or working in the mortgage industry, it's usually something you do kind of as an intern or see family friend helping out.

[00:23:03] And it's been really good. I've enjoyed it. I've had some relative success doing it and. It's a fulfilling thing to do. It's nice and it allows you a lot of flexibility to sleep since you can work from home now.

[00:23:19] Yeah, it's kind of write your own paycheck kind of thing, which I thrive on. I enjoy that.

[00:23:24] I respect that. I mean, it gives you a lot more than just real natural incentive. Oh, absolutely.

[00:23:29] I can't imagine being like salaried and then having, you know, a nine to five. That's the cool thing, is you work hard, you are compensated for it, and maybe you don't have the same hours as somebody else. But it's a blank check. You write it, you can determine how much money you're going to make this month. You're not going to get what you want. Know how much money you make is directly related to how much you're making. That company that's employing you is awesome.

[00:23:54] Oh, yeah. We joked about some of the negative parts of sales. So like your first sales job and help people maybe overpromise sometimes.

[00:24:01] Yeah. So I would I'm hesitant to say what I do is sales. I mean, it is, but it's more like consulting.

[00:24:07] Someone already has an interest in what you're doing and they are guiding them throughout the process from start to finish. And you're letting them know everything but sales jobs. In Austin, I've applied for a few and it's the same pitch every time and every person you speak with, sales manager and. I remember the one I went to, the dude, literally, I walk in, he has the office, and then he asks me to take a look out of the window and there's like three parking, you know, three open parking spots. He's like, you know what, my goal is my vision. All right. You see those three spots out there? Each one of you is going to have it. Lamborghini's in those hats.

[00:24:50] Those are your spots. You like Lamborghinis, just. Oh my God, you like money when you look in the mirror, are you a winner just like that. Kind of that kind of. I kind of like, like, like pits that they're doing. They pull that out of a fucking movie like I don't know, I kind of believed him because he was saying it so confidently. And I'm like, damn, this guy's good. But no, we're not going to have a first. Like, I know everything else. You have to promise you the world you can get anything you want. If you work at it, you're a winner, right? Like the money you'll win and you like money like it.

[00:25:23] Stratton Oakmont. Stratton Oakmont.

[00:25:26] It's going to take you to the fucking top when you're one of us. I can tell. I can tell. When you walked in, you were one of us. It is like, all right, it's amazing.

[00:25:37] But yeah. So you're been doing well with it.

[00:25:39] Yeah. And then that's what's enabling you to maybe look at getting some of these other properties.

[00:25:43] But then, you know, you went on this long trip and you came back and you bought a property in Austin.

[00:25:51] Partly thanks to you. Thank you.

[00:25:54] Which is ironic because everyone, people, the people that know me, that know I bought this house, like when they talk about how something they're like, what fucking city where you have something and you looked at one house and you bought it, like, that's not how this is usually works.

[00:26:07] Like in my mind, because I spent so much time, I don't know a whole lot about the Austin real estate market, the mortgage industry I'm in. I'm licensed in multiple states, so I'm working all throughout the country. It's pretty rare that I do something in Austin, so I'm not too dialed in. But still, I'll look and I'm like, I am kind of in tune with what's going on. The patterns. It blew my mind that you told me you bought a home or you were under contract and you found something that was like. Was feeling what I was looking for.

[00:26:40] Mm hmm. I just got lucky. I was I was just Googling in bed at night sometimes, you know, and I wasn't even set on maybe buying a house. I was like, I'm interested because I'm now I'm so glad I did. I should have been more adamant about it even than I was. But I was like when I found this place, I was just kind of like when I looked at the house and I looked at the price. It made sense, which is uncommon in Austin. Usually you look at your house and you look at the price and you're like, fuck, no, that's insane.

[00:27:05] Yeah. So I just lucked out. And so now we're going to be neighbors living in the same neighborhood.

[00:27:08] Your house is being built right now.

[00:27:10] Yeah. And then a couple of other friends of ours who hopefully we in the neighborhood too.

[00:27:16] Exactly. Because it's exciting. Yeah. Well, we've got three of us total for sure than a fourth now.

[00:27:22] Jason, who was on the podcast, Jason Carroll is the one who was called bringing you the NBA. I love that episode. Yeah. He's also looking to move here, so.

[00:27:31] But on the whole trip of you coming to Missoula, if you hadn't come to that trip, I don't think I would. You buying a home here?

[00:27:38] That's crazy.

[00:27:39] I don't work out because I was literally looking at homes with the realtor and calling Missoula and then you told me you gave me some insight, did some research, and then I put it off for like two days later. Oh, yeah. That was I took a trip to look at other real estate halfway through. I buy a home in Austin.

[00:27:54] I mean, it's probably the better investment hands down, I truly think that and it's never too late, you know, by other property.

[00:28:02] Yeah, exactly. Mm hmm. So is there anything else on the road trip that you want to talk about?

[00:28:09] Should we get into some news, um, I guess the craziest part about that trip wasn't the trip itself, which was fun. I think that's what I'll remember for twenty twenty for how crazy of a year it was, like, just truly disastrous here. So many metrics, but I remember that. And then coming back feeling like I had missed out in three and a half months seeing friends in Austin.

[00:28:33] I didn't miss anything like I literally caught up with so many people.

[00:28:36] Guys, what happened? What did I miss?

[00:28:38] I'm so used to going out all the time.

[00:28:40] You don't miss anything, man.

[00:28:42] Like, well, how's that guy doing? I haven't talked to him since you've been gone.

[00:28:45] Are you serious? Like, what have you guys been doing?

[00:28:48] So that kind of validated me having that experience and doing it.

[00:28:51] Yeah. It's great that you did that. It's awesome. And the whole reason I did my 18 day was because you were on your and I'm so glad that I did mine.

[00:28:58] And it's worth it. It's so fun.

[00:29:02] And I hadn't seen, like the Western United States, like those national parks and Utah and stuff like that. Moab, it's it's beautiful.

[00:29:10] Yeah. It's crazy how not a lot of people will realize how beautiful and what this country has to offer outside of the places that they live in or a couple of places they've been. I've been to Denver and Portland like, dude, go it like check out some other stuff. Go to Bisbee. Arizona was another one that I really love. Check out maybe the mountains of Montana. There's a lot to offer.

[00:29:32] Yup, we did. We did our first whitewater rafting trip in Montana. That was so much fun. It was fun. I was amazed towards the end of the season. So the rapids weren't crazy, but it was still pretty fun. It was fun. OK, so this whole episode is I'm very Austin focused. And I mean, like I said, we're going to get into some Austin real estate. We're going to look at some Austin neighborhoods and the home prices and kind of look at where they've gone over the past, I don't know, so many years. But before we get into that, since we're so focused on SNL, I want to talk about some awesome news. First is the petition to reinstate the ban on public camping. So George Vance Magee has been emailing this to me. He was on the podcast. He's in real estate in Austin. So check out his episode.

[00:30:12] But we briefly touched on the whole, like how home homelessness has gotten more apparent in Austin.

[00:30:17] It was never bad in Austin, like the past seven, eight years or whatever that I lived here. There were some homeless people, but there are not very many. And they're not aggressive. Like in Chicago. When I would get on the train every time I left to go anywhere in Chicago, I would get solicited by at least two or three people just so common.

[00:30:33] But in Austin, no one ever really came up to me.

[00:30:36] They were just chill, like, you know, they would stand there and people would give them money, but they wouldn't, like, be aggressive or scare you. But now you drive down Riverside and there's tents everywhere and there's literally piles of trash, like because they're just throwing doesn't it doesn't even seem like what homeless used to be.

[00:30:53] You see, maybe like someone in a sleeping bag or you'd see a shopping cart. It's like a bunch of tents. And I even see, like tables set up almost like it's a communal thing that they're doing. It's like they're trading and they're standing up. And this is this is crazy. This is really weird.

[00:31:11] It's out of control. So what happened was Austin lifted the ban on public camping.

[00:31:18] So, you know, in most cities, you can't just camp out like your local park because that's not where you can't you can't park campgrounds.

[00:31:26] So the idea, I guess, was, you know, Adler and whoever thought that the ban on public camping criminalize homelessness, which I think is insane. I mean, it's like that's it's not criminalizing homelessness. It's saying you just can't camp. And I don't want my friends camping in Selker Park, like, you know, just like you just not supposed to be camping in these areas that are public parks. So then I'm going to pull up the article here, actually, and I'm going to read some of it. So this is very recent.

[00:31:54] This has been going on. So there's an article in The Statesman, Adler Austins Repeal of homeless camping ban is not working. Yeah, news flash, it's not working since DA.

[00:32:08] So I'm gonna read some of those facing the possibility Austin voters could reinstate the city's homeless camping ban in May, Mayor Steve Adler said the city's existing plan of action has failed. In a conversation with American statesman, Adler acknowledged that the twenty nineteen repeal of the city's camping ban is not working. He suggested city council members should get together with Austin residents to propose alternative solutions for addressing the city's growing homelessness crisis.

[00:32:32] Going in quotes, going back to where we were we know doesn't work. And what we're doing now, we also know doesn't work.

[00:32:39] Whether you're a genius, Adler, thank you for making this very obvious statements. His comments came after the group Save Austin Now said it has submitted twenty seven thousand signed petitions to the city clerk to add language to the ballot. But the May 1st election that would reinstate the camping ban after failing last year to get the 20 thousand valid signatures the city requires for a ballot referendum. Save also now said this time it submitted 24000 signatures that it had validated, plus three thousand more that it did not attempt to validate. The city clerk is not the city clerk. The clerk is expected to review or maybe just a city clerk is expected to review the signatures in the coming weeks. Adler's comments also came shortly after. And it's funny, he only he only made these comments because Greg Abbott weighed in on Austin's homelessness problem. This is on Twitter. Reacting to a news story on the possible reinstatement of the van. Abbott posted a tweet Wednesday threatening intervention by the state if Austin did not vote in favor of bringing back the ban, quote, by Steve or by Greg Abbott I'm sorry, the governor of Texas. If Austin doesn't reinstate the ban on homeless camping, the state will do it for them.

[00:33:40] Contrary to what Austin leaders think, no one has a right to urinate and defecate wherever they want.

[00:33:46] Homelessness promoted by Austin has also endangered public safety as a God given right.

[00:33:52] And he can't tell us what to do. Yeah, so I look at it.

[00:33:57] I don't know much of him, but I mean, I like that tweet and. Yeah, I mean, I'm not saying homelessness isn't a problem, but I don't think that just letting people camp all about the city is a solution. What are you trying to do to turn this into California?

[00:34:09] You know, it seems to be heading in that direction.

[00:34:12] So, well, the good news is that this is up for a vote so that the petition just means that you can now vote to reinstate it. So if you can vote in Texas, which I need to get registered to vote, I'm going I'm going to register to vote ASAP so I can vote on this.

[00:34:26] That's I've heard more about this than anything else. Maybe Proposition eight in the last couple of years that I can remember. Yeah, I've seen a lot of my friends. We don't it seems like not like political, I'm not going to have a whole lot of understanding about what's going on, certain bonds that are being passed, what's happening with city council. This one's getting a lot of steam. And I hear more about this than anything else because it's very visibly it's something that they see directly impacts them in a way that is more abstract with other bonds, things 10 years out, 20 years out. It's like, no, this is something that needs to be addressed right now.

[00:35:02] Absolutely. So that's the news on that. Is there anything you want to comment on?

[00:35:09] It's important to say if that's something you care about, absolutely get registered to vote, doesn't take a whole lot of time.

[00:35:17] And, you know, so then the other news, this isn't just the news, but I mean, and GameStop has been all over the place. So we're not going to talk about it much because it's just beating a dead horse at this point.

[00:35:27] But it's just funny because, like, I got wind of GameStop early on because of you, you text me, I was in Denver and you're like, yo, like my game, stop, dude. Like, these shorts and stuff are happening. And I'm like, I don't understand what these shorts are. What you're talking about, Jack, this seems insane.

[00:35:40] I'm not buying GameStop.

[00:35:41] And then like you, I eventually did like then I looked into it and then it was going up and I eventually bought I just bought one share just to like, participate.

[00:35:50] Most people did just to kind of get their feet and be like I was a part of something. Yeah, yeah, yeah. I was like I was too scared to like put any real money into it.

[00:35:57] But a lot of people did though.

[00:35:59] But you see, I just you got in early, so by the time you were texted me like it was kind of too late, you know, but you got in it like, what, 70, 80 bucks a share? And it peaked at like three seventy something around there.

[00:36:09] Yeah. Yeah, I got it. Maybe eighty bucks and then. Yeah dude it went up like it just kept going up and everyone's like more and more.

[00:36:18] And you saw it pick up on Twitter, you can tweet about it.

[00:36:24] And for him it was personal because a lot of people were shorting Tesla. Yeah. And I agree with him shorting.

[00:36:30] It's it's neck, it's a negative thing to do, and then you're betting that something's going to go down?

[00:36:35] Yeah, a lot of these hedge funds. I think they shorted like one hundred and forty percent of the GameStop shares. I don't even know how that's legal. I didn't know that was passed. Exactly.

[00:36:44] So it's it's like that's some weird stuff. That sounds like it. I'm not I don't know anything about the stuff, but it just just as a bystander, it seems to me that you shouldn't be able to short more than what exists.

[00:36:54] Out of your Wall Street, apparently, and then get away with it, maybe, yeah, but literally hedge funds lost billions of literally billions of dollars were lost over this, because we'll just do a quick description for people that don't know.

[00:37:07] So like shorting the stock is betting that the stock is going to go down. So, yeah.

[00:37:10] So if I short, let's say, ten shares, I'm going to borrow.

[00:37:14] There's those shares from you. I don't own them. I'm borrowing them. I'd say it's worth keep things simple. A hundred bucks. It goes down to ninety dollars. I then sell that property 10 bucks and then I pay back what I borrowed. Shorting it is just driving it up and up. So if I borrow a hundred dollars in stock goes to 300 dollars, I now owe those shares and then I owe your original share.

[00:37:35] So it's like a huge payback. The risk is infinite because the stock can keep going up and up and up. Super risky. One of the dumbest things you can do.

[00:37:44] But some people have made stupid amounts of money by predicting how it's going to happen.

[00:37:50] These hedge funds were going out and just shorting it to zero or they were just shorting it as much as they could.

[00:37:57] People caught on to it. What are you doing? What are you doing? Yeah, I got it. And people and it was crazy to see the media then. Kind of side with Wall Street a little bit, some media did, some media did, and I saw a lot of media siding with Wall Street, but a lot of there were a couple right at first. Yeah, a lot of like.

[00:38:17] Big news outlets are saying, you know, predators are manipulating the stock market and they just bought a GameStop because they saw that someone was shorting a 140 percent and driving it down.

[00:38:27] And you could actually evaluate how much the company's worth based on what they're doing. There's no way it was worth whatever was selling before being shorted.

[00:38:36] So just interesting. It was super interesting. It was a fun little experiment.

[00:38:41] A lot of people went really hard into it. Like I mean, some people put their savings into it and.

[00:38:49] News flash, if you haven't seen where the stock's at today, I well, everybody should have known it was, you know. Yeah, you're likely the few people win in situations like this, like you got in early enough, you know, but anybody coming in after that, you're just guessing right now.

[00:39:04] And that is kind of what made it exciting, though. Yeah. Who knows what it can happen. Yeah.

[00:39:09] And then there's cryptos been crazy crypto has been crazy since the really since the pandemic, but yeah, and then I think a lot of this GameStop stuff and this Wall Street bedspread of stuff really kind of like they kind of go hand in hand because they're both really wonky and weird and and most most tweets about dogecoin, which is, if anything, that man tweets.

[00:39:28] It's just automatic, like 20 percent appreciation.

[00:39:32] I mean, I feel like he could have just put like, oh, here's one hundred million dollars in Dogecoin than tweet Dogecoin and then fucking cash out like six hours later and make insane returns. He might through his Twitter. I don't. Is that even a legal.

[00:39:46] I mean, it's just a tweet, I know, but the guy has so much power, man, I know, like so much influence over the market and he like I think it's coming from a joking standpoint. Like he said, I think Dogecoin will be the currency of Mars once he knows of Mars. And then his new Twitter just updated a hash tag like Bitcoin.

[00:40:05] And I saw that put. Yeah, I heard that he put like in his description, hashtag Bitcoin. Yeah, I think I think the ridiculousness of Dogecoin.

[00:40:14] I know you're bullish on Bitcoin. The ridiculous of Dogecoin to me shows how ridiculous Bitcoin is because it's like it's people are buying nothing.

[00:40:22] I mean I mean, in comparison, if you don't know anything about the stock market, you saw GameStop, you go what others think Tesla's whatever stock is going to be dumb. I don't know anything about Dogecoin, but if you bought it, I mean, I hope you cashed out and you made good money for that Elon Musk tweet, but that's not probably going to be something that's.

[00:40:43] Yeah, it's crazy.

[00:40:44] I hedge against whatever else you think is going to go wrong, and then we were talking earlier and I was telling you, like I mean, you can as far as Bitcoin and stocks go, there's always, you know, you can find an opposing opinion to every viewpoint.

[00:40:55] So, like. Deutsche Bank says Tesla's a big bubble they think it will have over the next year, which I don't know much about stocks, but I would have to guess that it just seems to me that other people think this, too, is that everyone's like a Tesla equals electric cars.

[00:41:11] So people are betting on Tesla as if they are the electric car industry, which they're not.

[00:41:15] So it's like Tesla is just one company with many competitors and many companies are coming up that are trying to compete with them.

[00:41:22] So basically, when you're buying Tesla stock at a hundred dollars a share, you're making a huge bet on one that has won one electric car company over so many others. And it's like, yeah, they I guess they have a head start and they have decent infrastructure. But I mean, I don't know. Yeah.

[00:41:38] It's crazy to see how much that he was going to say one of the best performing stocks is hard to see, that it's going to continue to go up.

[00:41:44] A lot of people are super defensive on both sides.

[00:41:47] One argument is, you know, test is not just a car company, it's an energy company, and that's really what you're investing in.

[00:41:53] Hmm.

[00:41:54] Some people said that the just the very fact that the stock has gone up gives them they can I don't know how this works, but basically they can cash out some of that stock and then they can use that to fund more factories, which so it's like the bubble. If it's a bubble, Asima, it's a bubble, false valuation. But they can use that false valuation to build real value by using it as an investment. So I see that as a valid argument as to maybe why Tesla could sustain its stock price.

[00:42:22] And then Krypto, I just don't know. It's like it recently hit 40 grand, 40 grand than it dipped a little bit, then hit 40 grand again. But when I look at the trajectory of Bitcoin, basically it was like three or four thousand for the pandemic. And now we're in a pandemic. We've got all these stimulus checks. We've got people playing around with their money and then people buying Bitcoin at 40 grand. Like, to me, it's like what's stopping you from going back to three thousand dollars in a year when the pandemic's over and people aren't playing with their stimulus money anymore?

[00:42:50] Yeah, it's it's been fascinating. I am in crypto. I haven't been it for that long. I wasn't someone who invested back in, you know, when it was coming out 2013.

[00:43:00] I wish. Right.

[00:43:02] I actually I was setting up a Bitcoin miner on my computer when it very first came out because I would read Hacker News, which is a popular news channel, just about dev stuff. And there was an early it was like one of the earliest posters, like someone like here there's this new cryptocurrency. It's called Bitcoin.

[00:43:15] And I didn't know what the I was like, oh, I'll set up a wallet in a minor. Oh, my computer.

[00:43:18] I got like halfway through setting it up and I went to just stop thinking I fucking left it, dude. I left it there. I don't know how many coins that thing would have generated either, because like in the early days, like a basic basic now it's like now you need like a co-op.

[00:43:31] You need like a quantum computer. Yeah. Do you have a quantum computer set up in India to get like a thousand of them and then maybe, you know. Yeah, that's it's cool though. It's the the more people that do the harder it is to get that, to get the mining to work.

[00:43:43] Exactly. So yeah.

[00:43:45] Back then you could do it on a basic laptop.

[00:43:47] I it's so funny hearing stories about that where it's like.

[00:43:52] I saw an auction, it was like, you know, a thousand Bitcoin sold for fifty dollars, you know, way back in the day where you see people who are like, dude, I bought like a pizza with 100 Bitcoin, like back in 2013.

[00:44:05] I don't know what would do with my life now.

[00:44:06] It's just like so funny to hear that it's just nuts. Yeah. So, I mean, that's really all that I wanted to mention, GameStop and Crypto, because it's just blowing up right now.

[00:44:17] It's fascinating, dude, this is like a really fascinating time in history because of what's happening. Yeah, the stimulus, it's a little concerning. I think it was 50 percent of all the U.S. currency has been printed in the last 12 months. And who knows if some people say inflation. Some people say deflation. What you're seeing that ripple now throughout all the stocks. Where are you going to put your money if you're having.

[00:44:39] And all these income people are now able to invest in the stock market with some of their some of their savings are staying at home, they're not spending as much money out when things are closed. You see a lot of people really worried about the general direction of the economy. What's happening with the dollar? Well, what's a safe bet? Crypto. You're seeing a lot of people start invest and.

[00:45:02] Maybe, maybe not so much the money aspect of it, of like taking off, because if you.

[00:45:10] Don't believe that the Fiat is the route to go. I don't know, it's may not be the final solution, but it could be a great Segway versus what we have and just the freedom to do what you want with that currency or that store value as opposed to a bank telling you what to do or the government telling you what to do with it.

[00:45:29] Yeah. So basically you're saying, like, ultimately it comes down to how many people decide that they want to use it as a value store like old Bitcoin is not ever going to be used for transactions.

[00:45:39] A lot of people have that misconception. It's really just a store of value at this point. And some people say it's a hedge against inflation.

[00:45:46] It's a hedge.

[00:45:46] No, it's like a hedge against maybe an untrust and a government telling you what to do down in the future. That's super powerful.

[00:45:53] Yeah, it's weird. So and with with the stimulus. Yeah. People are worried about inflation. Some people or articles that I've read said that, you know, they could successfully use quantitative easing, which I don't know what all is involved in that to try to what you understand or you understand what QE is.

[00:46:10] And I'm.

[00:46:13] I couldn't give you a.

[00:46:17] Like a really clear I couldn't give you a satisfactory explanation of quantitative easing, but it's fascinating, I encourage you to read about it because that's kind of been their their solution for what's going on.

[00:46:29] Yeah, inflation. That's part of the reason why rates are so insanely. I mean, they're the lowest they've ever been in history.

[00:46:35] So it's a great time to buy a house and to be what I'm doing right now and to be selling mortgages.

[00:46:40] Yes, absolutely amazing, right? Mm hmm.

[00:46:45] I guess we'll get into some awesome neighborhoods, this is going to be fun.

[00:46:49] Yeah, so we're going to look at some homes. Geez, where are you at 48 minutes? We really. Yeah, but that's fine. Come back quick.

[00:46:54] If we go over, it's whatever we want to look at some awesome homes and just give you an idea of the skyrocketing prices here, show you kind of what different neighborhoods you can live in in Austin if you're looking to buy a house and what the price points are, stuff like that.

[00:47:09] I think a couple of these are actually toward. Maybe two or three years ago, and I was looking at buying a home, and it'll be it'll be fascinating to see what it was sold for at that time, what it's worth now and then go through the sale history just to show how much appreciation has been happening in Austin.

[00:47:27] This will be insightful for anyone who's maybe.

[00:47:30] Looking at buying a home, seeing what different neighborhoods are going for, it's not so I can give a little bit of background on some of these neighborhoods.

[00:47:38] And OK, I'm going to pull up the neighborhood map here. I'm just getting my screen recording going so I can show it on the screen. So we'll try to talk out. You know, what we're seeing through audio here? Because I know some people, maybe most people will be listening to this over audio, but it is also on YouTube, if you want to check it out on YouTube.

[00:47:55] But again, like, we'll try to describe what we're seeing here.

[00:47:58] But for those people on YouTube, you'll be able to see it. I will put it on the screen. All right. So here's a crappy map. I looked at several maps online, but you can't see it, Jack. But this is just a map of Austin that's labeling and color some of the neighborhoods. And I mean, I guess some of the.

[00:48:14] I mean, you know, it's Terrytown, west like Hills, Clarkesville, Hyde Park, all east, you've got Rosewood East, Austin Cherrywood and then South Lake Travis Haaz Soko area, which is South Congress, Barton Hills. That just gives you an idea of where things are. Can you tell me, Jack, which ones are going to be talking about while I have the map pulled up here just on our list?

[00:48:35] Yeah. Let's start with East Austin, 77 to Austin.

[00:48:40] Seventy seven or two, and then I'll pull up in a pull up that home.

[00:48:44] I'll pull up that. I think it was one one four eight North Western Avenue.

[00:48:53] All right, so we're looking at a home here, it's a good looking home. Yeah, I'm sure.

[00:48:59] Everyone listening is familiar with East Austin. It's kind of the hip new place to go. Mm hmm. Probably the most gentrified area in Austin. So, yeah, and this is a four bedroom, two and a half bath. Twelve hundred square feet. Seven hundred seventy five thousand dollars.

[00:49:14] That's a bargain, man. Six to 18 square foot. It's pretty good for the esad, got to be honest. So, yeah.

[00:49:20] I mean, you can see this home was built in nineteen twenty five. This is an old home and it's redone. Obviously someone flipped it.

[00:49:29] Yeah. The lot's thirty three, fifty four. It's not that big of a lot but four bed two and a half baths. Well forty, twelve, fifty four square feet 775. That's insane man. That is crazy.

[00:49:43] Yeah, so and is also innocent, Austin Sosin, I mean, I, I used to work over there in that area and I mean when I went to go looking at houses, I mean, of course, looked at some. They are just online, not in person. But I was just like, I mean.

[00:49:58] I know someone that's got a townhome there and it's nice and I like it, you know, man, it's just so expensive for the size.

[00:50:05] It's unbelievable to see how much it's gone up. And it's because of what they're building in there. And I remember, you know, East Austin was cool. It was a lot of mom pop shops, see, like taco trucks. You go there, get your coffee somewhere, and they got Don WANs. And now it's oh, it's some of those things are still there, but it's it's changed so much. I remember during, you know, after the 2008 crisis. Austin's pretty insulated when those things happen, the values. They're not as affected as other places, but East Austin. I mean, you could you could literally pick up a property for thirty or forty thousand dollars, just like a little bungalow.

[00:50:47] If you did that today. People think you're a genius when really it was just a little bit of luck.

[00:50:52] Yeah, for sure. No one knew the Austin market was going to blow up this big. No.

[00:50:57] So what was this house worth before where we're going to show that?

[00:50:59] Yes. So here's what's fascinating. We're using a site called Redfin. I like the site.

[00:51:03] And by the way, houses are selling.

[00:51:04] And just like a day like, yeah, you'll put a house up and it's sold.

[00:51:08] A lot of the homes are being are not being listed. So it's usually, you know, you speak with a family. I have a family friend who's, you know, moving to Austin. You're thinking about moving and they take a look at your home. But can we just maybe maybe have a realtor? But a lot of these things aren't listed on the animals. They're not going to be listed on Redfin like what we're saying. Hmm. Um, but a cool thing is to look at the price of what these homes sold for back in the day.

[00:51:33] So August 2006, where are you seeing that? Where do I click on. So you scroll down, it'll show the sale and tax history.

[00:51:41] You see that part, it's kind of middle. The.

[00:51:46] It's like right here you going through, you see the place maybe, OK, OK, but you can see oh yeah, I see it expanded.

[00:51:53] So show it was listed on July five, 2016 by one hundred and thirty thousand five hundred dollars. Oh my God. It's sold for that about a month later. Now it's it's probably not the same home that sold a lot of those homes in East Austin or forever or torn down, torn down.

[00:52:10] And just for the lots there, mostly for the older homes there, people are just buying the land. They buy the land, they tear the whole house down and then they build a new house.

[00:52:19] Yeah, in this case, it looks like the home was built in 1929, sold again on March of 2015 for two hundred eighty thousand. Some darn good appreciation, man.

[00:52:31] So 2016 sold for what?

[00:52:33] 2015 sold for 280.

[00:52:35] 2015 sold to 280. What a bargain. Today, February 3rd. Twenty twenty one seven seventy five. What that's what does that come from. 618 a square foot home.

[00:52:48] That's insane.

[00:52:48] I mean a mortgage on this place, even if you're putting 20 percent down this year, says four thousand dollars a month.

[00:52:55] That's about right.

[00:52:55] Yeah, because the taxes are. I mean, taxes, one hundred sixty two dollars a month is what it's showing for taxes. Yeah, by the way, anyone who's looking at buying a home in Austin, typical tax rate, about two point to three. So you take that versus what the sales price is that then goes into the county records. So the county knows that's what it's sold. They say that's what it's worth.

[00:53:14] So so, yeah, Austin has some of the worst property taxes in the country, but no state income tax, which is nice. And what's crazy is E Austin.

[00:53:22] It might be higher, higher property taxes. And a lot of those taxes are used to pay for things like the public schools.

[00:53:28] You have the infrastructure, the roads, the new rail system with property that they're now building and all that stuff.

[00:53:34] Like I don't even think there's elementary schools in disaster anymore.

[00:53:37] Like, there used to be a lot they closed.

[00:53:39] So those taxes that you're paying for. I don't think there's a whole lot of elementary schools or schools that are going to fund in East Austin.

[00:53:47] Yeah, it's wild.

[00:53:48] It is wild. So, I mean, to me, it's like the whole no income tax thing is great. But then once I became a homeowner here, I saw the dark side of it.

[00:53:56] What you can if you own the home outright, there's no mortgage, no really on the home. And you have to pay those county taxes.

[00:54:04] They're going to get there. They always find a way to get it.

[00:54:07] Yeah. Yeah. So it's like just offsetting all the cost to the homeowners, which I think is odd. I think I'd almost rather have an income tax.

[00:54:14] You can write off the property taxes. You can file for the homestead exemption, smart thing to do. You can contest the property taxes.

[00:54:21] A lot of people are doing that have options, but the.

[00:54:25] I did the homestead exemption, so so that's central east Austin and this is or is Austin in general, I think this is more central. Yeah, so that's an example of like and this is not uncommon. You're going to get very small, lots of heavily gentrifying area.

[00:54:37] So you might live in a brand new house that's under thousand dollars. Your neighbor's house might look like a junkyard.

[00:54:43] You know, it's it's yeah. There's a huge contrast between kind of there's little areas, there's little pockets and then places that haven't changed. People hold onto those homes and you can see on these eastside 12, 54 square feet, but it's four bed and two and a half baths. That's it's pretty wild because that's a small space, you're seeing a lot of these places and it's not really just in Austin, other designed, it's just to compact as much Rumsen and to make it a really functional space. Tony Holmes. That's.

[00:55:13] Probably half the size of the average home square footage in Austin or in the country. Yeah, so. Oh yeah, I was going to say some statistics when we first started opening this. So average salary in Austin, I don't remember. According to our website, I found this on seventy one thousand median home price, according to Zillow, around a four hundred fifty thousand.

[00:55:32] I'm crazy, it's nuts. Yeah, and.

[00:55:37] So let's look at the next house, what, uh oh, yeah, on the notes sort of, we got a great question. So we've got Northwest Hills. We looked at that one yet. Let's take a look at what's going on. Let's go in order. Let's check out Northwest Hills.

[00:55:53] Oh, that's 45 Turnbull Creek.

[00:56:00] Look, no, northwest Austin is where I grew up. It was kind of a it's a pretty cozy neighborhood, a little bit more quiet and a family oriented.

[00:56:14] 925. It's a four bedroom, two bath house, two thousand square feet. It doesn't look like it's four bedrooms to baths, it looks really small, built in 1951.

[00:56:26] It looks it looks just narrow.

[00:56:29] Yeah, it looks very narrow. Oh, my God. Nine hundred twenty five thousand dollars.

[00:56:32] And we'll just cost a million now. Oh my God. This is insane.

[00:56:38] So I'm very familiar with this neighborhood.

[00:56:43] A lot of people from.

[00:56:46] Other states may be higher cost or, you know, living California love these more established neighborhoods, really, really good school districts.

[00:56:55] Yeah, so that's why West Austin and North Austin, the schools there, so south Austin and East Austin.

[00:57:04] And I'm just going off what I've been told and what I've Googled on the Internet don't have good schools, SSME, Austin, not great schools at all.

[00:57:11] So it's like these people from they can come from somewhere. Yeah. Like you said, California. I know that Californians get a lot of shit in Austin, but I mean, I think it's true.

[00:57:19] There's like.

[00:57:21] California real estate's horrible Austin, Austin real estate is very quickly turning into California real estate, but these people in California are already paying for houses and stuff that are far more expensive than even smaller than this. So they come here.

[00:57:32] The amount of equity that they have, even even when they sell their home, might be able to buy a home outright.

[00:57:38] And that's that's a lot of that's going on. We were talking about that yesterday. A lot of what you're competing with, if you were trying to buy a home in Austin, is people literally putting up their dollars by that cash.

[00:57:46] Now, here's another thousand dollars. But that's what you're up against.

[00:57:52] Yeah, they are quick and it's always it's always over asking. Yeah, but this this is just this is crazy to me because I know this neighborhood.

[00:58:01] I mean, you can see this home in two thousand one sold for two eighty nine.

[00:58:07] If you're if you're a young a young family couple could be dual income, make decent money, that's that's a very it's a very reasonable home price for what you're getting at.

[00:58:17] Twenty nine.

[00:58:19] Now, how that translates into nine. Twenty five today.

[00:58:22] Twenty years later. And it even sold again in 2009 for 352. So not that big of a jump just this recent this past 10, 11 years I guess.

[00:58:32] Yeah. As it's gone up. Yeah. It's basically three Xed.

[00:58:36] Yeah. And. So there's an and mortgages, there are loan limits. So Fannie Mae, Freddie Mac, those do conventional loans.

[00:58:46] They release each year a loan limit, a jumbo loan. What they will insure that loan based on remember when I got into the industry was maybe a little over 400000. And today it's like for this year, twenty, twenty one, it's like mid five hundreds. So you see this huge jump in what the government is now backing these loans, conventional loans. Meanwhile, the actual wages over time since that period been pretty stagnant.

[00:59:15] So even though rates are low, obviously home prices might go up a little bit because if I'm looking at how much I can afford, the rates will give me the lower, lower monthly payment. So maybe the prices a little bit more loston huge demand, really. What's driving a lot of these prices up? Yeah, but just wages aren't really increasing home prices. Even the government now backing those loans. Going up, up, up, up. It's crazy, man. Yeah, it is insane, and so I want to reference another episode, if you like, this episode, the episode with Phyllis Snodgrass, the CEO of Austin Habitat for Humanity. You should check that one out. We talked a bit about the same concept of the incomes, the same the median income can afford the median house and kind of how they deal with that.

[01:00:02] So, yeah, that was the that was our.

[01:00:08] What neighborhood was this? This is Northwest. Yeah, this is where you grew up, northwest Austin.

[01:00:11] Here to check out kind of Hyde Park area.

[01:00:13] Yeah, near campus. Yeah. Let's do Hyde Park. I love this decs house for six one eight.

[01:00:18] Bennett Yep. There were six. Bennett There we go. You love this house. Sarcastic.

[01:00:24] Just I think this is a this is a great deal.

[01:00:26] I think anyone who's come across us and she put on this home, this is a steal of a home is and it might only have one back, one bathroom and two beds, but it's seven eighty one square foot.

[01:00:38] I mean, you can't beat that. That's a great deal.

[01:00:40] The lying right.

[01:00:41] Yeah, it's this is this is the stuff that people who are looking for homes, especially people like me who have been in Austin and know these neighborhoods and grow up, they're. Their family lives around there and they want to stay close to home. This is this is soul crushing. This is like seeing this. It is soul crushing. Yeah. You know, even if you even if you have a great a great income study, did everything right, make 100, maybe 200 can get a great year.

[01:01:10] It's like, dude, how much is your mortgage on this thing?

[01:01:12] It's like maybe thirty five hundred, four grand maybe. Yeah. This is a six hundred thousand dollar house to about one bath. Seven hundred sixty two square feet.

[01:01:19] OK, so let's do some math here. So 20 percent down.

[01:01:23] That 120 k that maybe some closing cost, I don't know, you have to furnish the home. You can't just be house poor.

[01:01:29] You got got one hundred twenty K Kid and your mortgage payments are going to be that expensive.

[01:01:35] It's insane.

[01:01:37] Yeah, it's like who who is buying these houses and I see a pattern, it's typically.

[01:01:44] People have assistance through family, so usually maybe some generational, you know, income money that's helping them afford these, again, people from California who they can then roll equity or maybe they do make that much money or they have that much money.

[01:02:00] But it's super rare if you're seeing what was the average salary, 70 something cash. Huge disconnect, your man. Yeah, and we're all doing where all these people are going to work and, you know, it's just crazy. So when I look at this house and like.

[01:02:13] I mean, I would never I just like I don't even know who would buy this, but people do.

[01:02:17] It's like I don't need to live.

[01:02:19] It's been on the market for 13 days. Yeah. These homes are old men. This one was built in 1938.

[01:02:25] I couldn't stomach paying 600 grand for 700 square feet.

[01:02:28] I mean, you're probably buying a lot. It's about 6000 square feet.

[01:02:33] So whoever buys this is probably using it to develop something bigger on my house is flip, though, like it's redone. You still think they're going to tear it down? I don't know, actually, probably not. It's just so tiny, man. Yeah, it is.

[01:02:46] I mean, I grew up. There's no family can a family can like. Yeah, yeah, so I'm not going to raise a family in a 700 and no, no. And so, like, I grew up in a small town, of course, where real estate prices were very, very affordable because it's, you know, country. But so I'm just used to like my my neighbors had an acre.

[01:03:04] Everyone that you knew had at least an acre of land. I mean, I don't want to say at least, but that was common. And so then when you moved to these cities and like, that's what that's what kind of scares me a little bit. And we were talking about some of the tiny home communities.

[01:03:16] It just.

[01:03:18] Doesn't seem like owning like land owning your own space.

[01:03:25] I guess that's the trend.

[01:03:27] It's going away from real estate, especially in Austin, like that other home.

[01:03:32] I think it was like eleven, twelve hundred square feet. But they put four rooms in.

[01:03:34] It is they're designing everything to be as compact and efficient as possible.

[01:03:40] Well, and some would say the city's doing that to increase the density density so they can collect more property taxes on the same plot of land.

[01:03:48] The land's the same size, but now the four houses you're seeing that a lot in East Austin will be one lane and then they'll build two or three homes, kind of staggered next to each other like the ABS.

[01:03:59] Yeah, not even like they're the same unit, but they're literally just like right next to each other.

[01:04:04] It's like. I need more space than that now.

[01:04:07] I need my own land. I want to feel like I have my own space. It's part of the reason for some of those trips in those places like Missoula. You see that people value it.

[01:04:17] Yeah, for sure. And I growing up like that, it's nice to have, like, a real yard.

[01:04:23] I mean, and where we are now, the yards aren't big and the neighbors are, in my opinion, still somewhat close, but we're pretty close. But it's not like this. Like this is crazy. You have space here.

[01:04:33] Yeah. Yeah, I mean, you actually get a house for your money, but.

[01:04:39] Let's look at the next one, you're going to look at Maner.

[01:04:43] Well, we had we had McVitie Falls on there, we didn't have Maner on their. Seventy two hundred cherry beam.

[01:04:55] This one's thirty thousand, much more reasonable. So McKinney is actually one of the areas like when I went to research looking at houses, so like two affordable areas, Far East Austin is what it's being called now. And then there's s pretty farther south. Austin, which is the McKenny Falls area, or McKinney Falls State Park, is so like you look at this house order. Thirty thousand. It's a nice house.

[01:05:18] It looks pretty new. It's three beds, two and half. That's two thousand square feet. So like this this is getting into the more reasonable territory. Like I could see someone buying this home being like, OK, I got I got what I paid for two hundred eleven square feet.

[01:05:29] Other homes were like six. I think the other one was like seven or eight. Yeah I was. You're literally is this is like 75 percent off coupon.

[01:05:37] Yeah.

[01:05:39] And I mean I wouldn't mind living in McKinney Falls area at all. I mean you're going to be right by a state park. South Austin's pretty awesome. You can get up to downtown. It's probably, what, 15, 20 minute drive.

[01:05:49] And it's it's a beautiful home. It's newly built. It's not three hundred years old. Like the other ones.

[01:05:55] You got a decent lot.

[01:05:57] Yeah. This is a nice house.

[01:06:00] And even with, you know, a minimum down payment, that's even if you have a roommate or two roommates or.

[01:06:07] Very reasonable, yeah, decent size yard to I'm looking at a. Nice loft upstairs area.

[01:06:17] Everything looks pretty new when you're with this hospital.

[01:06:21] It's 20, 16 and 16, so that's why we wanted it also, so we didn't really mention it.

[01:06:28] We wanted to mention some areas that are affordable. McKinnie Falls is one of them.

[01:06:32] And then also like North Austin, that's such a broad term. But farther up north, you get the more affordable of a home you're going to get and you're still going to be pretty close to downtown. And also, you know, you've got that whole domain. Some people like the domain where some people don't.

[01:06:45] But it's got a lot of stuff. You know, there's things to do. Movie theaters, restaurants.

[01:06:49] Yeah. And some of these zip codes were shown.

[01:06:51] You're like the most premier markets in Austin.

[01:06:54] You don't get to discourage.

[01:06:57] These are. Yeah, there's a reason. Rucho like just to show some of the appreciation of the past old homes, still absolutely affordable homes in Austin.

[01:07:07] So I would say West Austin is probably the most wealthy, wealthy area of Austin as my source and.

[01:07:12] Correct.

[01:07:12] I think seven, eight, seven, three, at least like a year or two ago is the highest.

[01:07:17] Is that once per square foot? Actually, I would think downtown because everything is so dense and when it sells for. Yeah.

[01:07:23] Old West, Austin, Clarkesville, Terrytown, you're pretty close to Lake Austin and that's, that's the hill country ish air like very pretty. It's high elevation. You can get some views of Lake Austin over there. That's like really beautiful, amazing homes over there in that area. Then you got East Austin, which is the heavily gentrified area where you about five, where people are buying lots that are tiny for five hundred thousand six hundred thousand dollars, tearing them down, putting, you know, a new house. They're selling it for eight or nine to nine hundred thousand.

[01:07:54] But it's East Austin doesn't have the beauty in the landscape of West Austin. West Austin's awesome.

[01:07:59] It is so scenic.

[01:08:01] Anyway, we got interrupted by the dogs. I was just saying it's like, no, it's Austin's awesome.

[01:08:05] It's just like I mean, I'm just appalled at what you have to pay to live there. But West Austin is just beautiful. West Austin's beautiful South Austin again. I like South Austin a lot. It's amazing. Lots of cool South Congress is amazing. And then if you want to just go a little farther south, McKinney falls and then again, you've got all the area up north to look for homes.

[01:08:23] Northeast Mueller.

[01:08:24] Yeah, your area. And then what's Far East Austin, where Walter Long Lake is.

[01:08:29] And then, yeah, they're supposed to be Colony Park on a new kind of Muehler Park type property where there's going to be like places to live with shops and a movie theater and all that stuff that's supposed to be going in.

[01:08:46] And then the city's putting something like the the stuff in you Google. It's like eight hundred million dollars into Lake Walter eLong.

[01:08:53] It's exciting. Yeah.

[01:08:56] So we looked at McKinnie Falls, do we look at the Hyde Park home? Yeah, we did. Do you want to take a look at the Muehler home that I actually toured and I almost bombed?

[01:09:04] Sure. And then just saying, you know, if I had bought it, it's a fun little.

[01:09:08] Is that the one on Broadmoor that one of.

[01:09:13] Yeah, so I was looking at buying, I think, in 2017. Kind of early, twenty, eighteen, and I actually viewed this home in person was in the Mueller area. Mueller was gaining a lot of traction for development. A lot of people were moving there. There was a portable homes there.

[01:09:33] I think they were asking to 80 for this.

[01:09:36] That's what it sold for back in early. Twenty, eighteen, twenty. Eighteen is sold for 280. Oh, that's pretty recent.

[01:09:43] And a good price deck because they're putting the last sold price was for to let me see when that sold and let's see.

[01:09:51] OK, so we're looking at a house, it's 400, it's sold for four hundred sixty two thousand three.

[01:09:58] About three about two baths. Eleven forty seven square feet. So it's four hundred three dollars a square foot built in nineteen eighty. It's obviously been flipped and redone.

[01:10:06] And this is and would you say Mueller, huh. Yes. This is Northeast Austin.

[01:10:15] The home looked pretty similar to how it looks now when I toured it, one of the rooms, they converted from a garage into the office that you see in those photos when you're going through them. It has a little shed, I don't say like a shed, but like a little enclosed patio in the back. I mean, it's pretty small home, it's 11, 47 square feet, and that third bedroom is really just a tiny garage, like a one car garage that they converted. I just I think it's. And saying how much this Helmes got up, I mean, what does that almost two hundred thousand dollars since I viewed it. Twenty eighteen. Yeah, there's been some improvements to the home, but it looks very similar to when I taught it what you're seeing in those photos. Yeah. And that's and it was going to hundred something. Yeah. There's a reason I didn't buy it. Yeah. And it's insane to me that it's worth two hundred thousand dollars more. Yeah.

[01:11:08] It's right next to Cameron Road and East Fifty First Street and thirty five.

[01:11:11] I remember you could hear the cars on I 35 when this is the day when reviewing the whole stack and you're like yeah.

[01:11:19] So you're like I don't want it.

[01:11:21] But then here we are three years later and it's gone up to a thousand dollars in value. Yeah.

[01:11:26] And saying inside, so I know it can be a little discouraging to see some of these if you're not a homeowner and really wonder and like me get well, maybe I wouldn't live there, but that's a great investment.

[01:11:38] But I made a couple hundred thousand dollars just off of buying home at the right place and just living there for three years. And then you could rent it and let it grow more in value, or you could just get rid of it.

[01:11:49] Yeah. But yeah, so I mean.

[01:11:54] I guess I mean, there's still some affordable places left, and I'm sure there's more than we know, but yeah, I mean, I think we gave a decent rundown of the different Austin neighborhoods and where you could live and kind of give you an idea of the houses. And again, you're going to be competing with it would not be uncommon for you to be competing with people that were just going to outbid you in cash.

[01:12:14] Yeah, good luck.

[01:12:16] I like those horror stories I've heard other friends of mine who have been trying to buy.

[01:12:23] Six months trying to buy, always get up at the cash offer, they went 10 percent over asking price was what's like ridiculous. Yeah, that's crazy.

[01:12:33] So do you want to do the one in Savannah, Georgia, to control? Yeah, yeah.

[01:12:38] This is one of the many places I have looked into. What are the cool thing about my job is, like I said, I get I get to talk to people all across the country, so I get to hear and see different little pockets of real estate and kind of hear.

[01:12:53] Another way of living is I do a hundred percent Valognes veterans are super easy to kind of, you know, shoot the shit with them and you're out and they get good deals because they're veterans.

[01:13:04] A VA loan is by far the best loan that you can do. If you're a veteran, you need a VA.

[01:13:12] Yeah, please. A VA loan is a cheat code to building wealth. If you're a veteran, you can do zero percent down. There's no minimum credit. The underwriting guidelines are so much more lenient and giving any other loan interest rates are lower. It is. And it's incredible how many people were helping right now.

[01:13:30] Yeah, especially.

[01:13:31] Well, I mean, it's like now even normal interest rates are so low and then the VA loans are even lower than now. That's you wouldn't believe where they're at.

[01:13:38] Like, my day is literally just saving people money and then going, is this is this real? Does this can I really. Yeah, no, it's real. We'll do it for you. You're you're literally entitled to do this loan. This is for you, OK? And then, you know, I'm compensated for helping people save money. That's an awesome job and it's fantastic. Yeah, for sure. But going back to this property.

[01:14:02] So is just a cool coastal city, man, it's a whole lot of history makes me think of kind of Forrest Gump kind of that it's kind of laid back.

[01:14:11] So we're looking at the photo here, and it's like, I don't know, how would you describe this?

[01:14:15] I would describe this as my dream home.

[01:14:19] But what's the what's the style is it's not Victorian, is it?

[01:14:23] Or is it?

[01:14:24] The home was built in picture like you got you've got a brick pathway coming up to the house, lots of trees, very pretty green all over the place, very wooded. It's a red home with white trim, big double doors. It to me, it looks I don't know the style it does kind of looks like talking to me. So imagine that.

[01:14:43] And this one was built in 1896.

[01:14:49] And it's three hundred eighty two thousand dollars, and it's what it's sold for, three thousand square feet, it's thirty. Yeah, it's actually a little bit more. There's like a little guesthouse blurbed. Forbath It's spacious. Man About seven thousand square feet. Just the interior going through those photos that that old staircase.

[01:15:09] It looks like all the flooring almost looks original.

[01:15:12] The home just smells like, oh, I love that staircase. Yeah, it looks like it would just smell like fine leather and like you would have a glass of whiskey.

[01:15:19] Sweet, sweet mahogany. Yeah. And it looks like there's a fireplace in every room, which is amazing.

[01:15:24] Oh my God. Yeah. I love that chandelier.

[01:15:26] The book. The bookcase.

[01:15:30] Each room, those an old green chair.

[01:15:32] Yes, it's a beautiful home man's got to like, got it like a huge bookshelf, like a library into the interior.

[01:15:38] The guy who was selling it was a New York Times best selling author. Don't know his work, but I found this randomly on Redfin. I was looking at maybe some property to buy Charleston, Savannah, kind of a coastal city and found this one.

[01:15:54] It sold pretty quick, but the mortgage on this property, 20 percent down would be maybe 15, 16 hundred dollars a month. And that's just a contrast kind of. Well, and this is this is down to this is near downtown Savannah, Georgia. And it's a zip code ending in a one kind of like Austin.

[01:16:11] Seventy seven. No. One, it's how it zone. It's downtown. That's the central area.

[01:16:15] So there's things to do. It's not out in the middle of nowhere. And it's close, somewhat close to a beach.

[01:16:22] Tropical Force Charleston maybe, I don't know, an hour, hour and Charleston's right on the beach, right.

[01:16:28] And then you got a couple of beaches over here. Myrtle Beach is right there.

[01:16:32] So, I mean, that's just like I mean, you you take a look at Austin and I love Austin. It's great living here.

[01:16:36] But also, like, I could live in Savannah, Georgia. Sounds awesome.

[01:16:39] And the property taxes are probably a lot lower, which is why the monthly payment is going to be a lot lower to about maybe one percent, which is actually that's higher than most, but not as high as here. Here's like two and a half to two. So looking at half, less than half on the property taxes, you've got a three hundred eighty two thousand dollar house.

[01:16:55] And most people are going to be buying a home built in 1892. But this is this is just something I liked and I wanted to show.

[01:17:01] Yeah. Yeah. But it's crazy, yeah, it's wild, man.

[01:17:06] I mean, Austin's got a lot to offer, but it's also just not very big. I mean, the greenbelt can only have so many people like we've got like Austin, we've got Lake Travis.

[01:17:14] At what point do you think people start going back to California once it starts getting better and then everything loosens up, the government's like, oh, man, what are we doing?

[01:17:21] You know what? We're just kind of we're going to read it.

[01:17:24] Everyone's already gone, bro.

[01:17:25] You can't undo it already in Austin, Denver. And everyone's like, you know, I'm going back to all the Texans and I go back to California, dude, I'm on the beach. Supercheap man. Yeah, that's exactly what I was saying. We talking about this like, yeah, we'll just let all the Californians move here, because California, let's face it, is more beautiful than Texas. It's got way more style. It's got way better parks, it's got a beach. And then all these people will move here. Then they, like their real estate, will just drive down in the ground and be like, all right, let's sell our Austin homes now for like one hundred and fifty percent markup. The cycle will move to California.

[01:17:59] It'll be that until we go to Mars and we'll be doing that.

[01:18:05] I Valera's.

[01:18:08] Well, let's see here. Is there anything else we want to cover? Finish the Hollywood spin an hour and 20 minutes, or is it really gone by pretty quick?

[01:18:16] Uh, Nomen, I think that was pretty cool to look at the real estate again. Don't let that discourage you if you're looking at buying a home and you haven't. Most people, probably millennials under the age of 30 on a pretty similar situation. I don't think the Austin market's going to go down. It's very well insulated. So even if you see a huge.

[01:18:38] Drop in the stock market, a lot of people are kind of predicting doomsday pretty soon, I think Austin real estate's going to be fine.

[01:18:51] I mean, I like what we're doing, like we we found a great area. Areas still are out there. I highly recommend buying, if you can, in Austin.

[01:19:00] Well, yeah, if you if you can do it. Find something. I mean, even if you're.

[01:19:06] I mean, you don't got to live there for 10 years, you know, you don't need to put 20 percent down and everyone seems to think, oh, no, you don't need that. That was shocking to me.

[01:19:14] When I started looking into buying a house, I had that same idea in my head. I think everyone has that idea in their head that you need 20 percent down.

[01:19:20] Yeah, you're right. You don't.

[01:19:21] So you can do it with three percent down and say, yeah, and. Your rates are literally almost zero, like they are so low, it's unbelievable.

[01:19:33] So if you live here and you can afford to buy a home here, you see if you can get just do some work, see if you can qualify for a mortgage. And yet you work the realtor.

[01:19:42] No, ask Brown's friends where they live and how they did it. Sure. Well, I think that's about it. Dude, it was fun.

[01:19:50] I'm so happy you're doing the podcast, man. It's cool to see all my friends, like, starting to do their own stuff, gain traction and. Yeah, I'm happy to be a part of it. Hopefully.

[01:20:00] Somebody learn something?

[01:20:01] Yeah, yeah, yeah, I like this, I enjoyed this was a good episode. It's fun having you on. Thanks again for coming on, man.

[01:20:06] Happy to be here, man. Yeah. All right. I'll see you downstairs in, like, two seconds.