Show notes

In this episode Craig and Kevin talk about some real estate trends and statistics that have come out in June of 2023. It’s interesting to see how the trends are affecting sellers and buyers. We also talk about the Blue Lagoon in Huntsville, TX and an air conditioning and insulation issue that you might need to be aware of.

Transcript

1001 segments
KEVIN

This is episode number 252 of The Homeowner Show. Well, whether you're DIY or looking to hire, we're here to help you find the best information and options for you and your home. My name is Kevin Hackett, and here with me is Craig Williams.

CRAIG

Hello, hello, hello, and welcome to The Homeowner Show. We're so glad that you could join us for another episode, uh, live here in the studios. How you doing, Kev?

KEVIN

Uh, you know what, I'm doing pretty good.

CRAIG

Were you a little too loud over there?

KEVIN

Yeah, I don't know, uh, what was going on. We were clipping a little bit. Sorry about that. It's been a while since we've been in the studio, to be honest. We had to recalibrate. Yeah, we're trying to, you know, got to get our ducks in a row and all the things. Yeah, all the things. So how are you doing?

CRAIG

Doing good, man.

KEVIN

Yeah?

CRAIG

So I got a, I got a question for you.

KEVIN

Okay.

CRAIG

So how, how was your trip to Dallas?

KEVIN

Uh, the trip was good.

CRAIG

Yeah?

KEVIN

Yeah, the trip was great.

CRAIG

How was that game?

KEVIN

I mean, the game was the game.

CRAIG

The game was the game?

KEVIN

Yeah.

CRAIG

What was the score of that game?

KEVIN

It wasn't in favor of the Rangers.

CRAIG

They, but so they, they fell to the who?

KEVIN

Well, they didn't. They fell to the Astros. It happened.

CRAIG

And then, and then again today, right?

KEVIN

Yeah. Well, they, they dropped 3 of 4 and are still up 3.

CRAIG

Yeah. I want you to just remember this moment the next time you decide to cross me about microwaves. Hey, I didn't, I didn't cross you. This is the, this is the juju that you bring on yourself.

KEVIN

Look, I didn't cross you or anything.

CRAIG

No, no, all I did was I watched the episode.

KEVIN

I just asked—

CRAIG

No, no, no.

KEVIN

A simple question.

CRAIG

You led her down the primrose path and then you decided to bring up an argument about sinks.

KEVIN

Yeah.

CRAIG

Which you've never won.

KEVIN

Well, I did.

CRAIG

Other than, other than just bringing in a patsy.

KEVIN

No, no, no, it's not a patsy. See, what happened is I brought in someone who actually works with appliances.

CRAIG

No, she answers the phones.

KEVIN

She knows.

CRAIG

She's never fixed a thing in her life.

KEVIN

She's never— well, that, that's, that's an awful big assumption. She may have. Yeah, but I do know this.

CRAIG

Uh-huh.

KEVIN

She's never referred someone who called about an appliance fix to her technicians.

CRAIG

Right. Yeah, but let me ask you this.

KEVIN

Okay.

CRAIG

A water heater.

KEVIN

Yep.

CRAIG

An appliance?

KEVIN

No. No, no.

CRAIG

Really?

KEVIN

Yeah.

CRAIG

Why? What is it?

KEVIN

Well, I think it's, uh, well, I don't know what it would be actually, but it's not an appliance. You're not going to buy it in an appliance store.

CRAIG

You absolutely buy it in an appliance store.

KEVIN

Okay.

CRAIG

You do.

KEVIN

Okay.

CRAIG

They're sold in appliance stores across the country.

KEVIN

Okay, then what's your point?

CRAIG

Do they fix them?

KEVIN

I don't know.

CRAIG

They don't.

KEVIN

Okay.

CRAIG

So they— are they not appliances? I don't know. Yeah. So, so why do you get into arguments in which you have no ammunition in the gun?

KEVIN

Well, the ammunition is all over the place with, uh—

CRAIG

No, it's not. It's not.

KEVIN

Yeah.

CRAIG

No, because we've been through this 100 times. What's the definition of an appliance?

KEVIN

It's— well, it's got to be plugged in.

CRAIG

No, that's not the definition.

KEVIN

It's got to have an energy source.

CRAIG

That's not the definition.

KEVIN

What is it?

CRAIG

Huh? Look it up.

KEVIN

Okay, let's do it right now.

CRAIG

Yeah.

KEVIN

Okay, what do you think the definition is?

CRAIG

We've been through this. Okay, because the definition is in my favor.

KEVIN

Okay, I'm looking it up right now. And then device or piece of equipment designed to perform a specific task, typically a domestic one.

CRAIG

Yep, that's the definition.

KEVIN

And the action or process of bringing something into operation.

CRAIG

Yep. Okay, nowhere in there does—

KEVIN

British description—

CRAIG

nowhere in there does it say plugged in ever.

KEVIN

Yeah, but it's— I think it's universally known.

CRAIG

And you know why?

KEVIN

Why?

CRAIG

Because it used to be that washing machines were hand-cranked.

KEVIN

Sure.

CRAIG

They were still an appliance.

KEVIN

Okay. I, I don't see the argument.

CRAIG

What, what do you mean?

KEVIN

What's— I don't see the argument.

CRAIG

Does a sink perform a function?

KEVIN

Well, of course it does.

CRAIG

Okay, what's the definition?

KEVIN

Of what?

CRAIG

You just read it.

KEVIN

Of performing a function?

CRAIG

Yeah.

KEVIN

So there's a lot of things that perform a function then. No, a lot of things that's an appliance.

CRAIG

For domestic tasks.

KEVIN

Okay, there's a lot of things that would probably—

CRAIG

Like what? Uh, like what other things are in the home, Kevin?

KEVIN

Like a vacuum.

CRAIG

A vacuum?

KEVIN

Yeah.

CRAIG

Yeah.

KEVIN

Is that an appliance?

CRAIG

Well, by your definition it is because you plug it in.

KEVIN

And it performs a task.

CRAIG

Yeah, so by your definition it's an appliance.

KEVIN

Okay.

CRAIG

Is it an appliance?

KEVIN

I don't think so.

CRAIG

No?

KEVIN

Do you?

CRAIG

So there are things that you can plug in that perform a domestic task that aren't an appliance?

KEVIN

Sure.

CRAIG

Okay.

KEVIN

Obviously.

CRAIG

So your definition sucks.

KEVIN

Okay, maybe, maybe.

CRAIG

And this is why the Rangers lost.

KEVIN

But yeah, right. So here's the real question.

CRAIG

Uh-huh.

KEVIN

What function— because I get— I'm just curious, what function does the sync perform?

CRAIG

Oh, it performs an amazing function.

KEVIN

Which is?

CRAIG

And for years and years it performed an amazing function until there was another device brought into the scene. It's called washing dishes.

KEVIN

No, no, no. I think the person—

CRAIG

I understand that your genteel hands may never have touched Dawnie.

KEVIN

Oh, oh, no, they have plenty of times. Not, not today, but they have plenty of times. But I think the person actually washing the dishes is a person, not a—

CRAIG

Are they the appliance?

KEVIN

Maybe. No. By your definition, it's a domestic thing that performs a task.

CRAIG

No, I read— you read the definition right there.

KEVIN

Yeah, it's a, it's a It's, it's a device. It didn't say device. I don't think so. I'm going back to the definition. Here's the thing. I don't think that, that a sink does wash dishes.

CRAIG

Wait, it allows you to wash dishes.

KEVIN

Okay.

CRAIG

It also allows water to come in the home.

KEVIN

That is true. It does allow water. It does say a device or a piece of equipment, so it can't be a human.

CRAIG

I'm pretty good at this, by the way. I'm not, I'm not horrible myself, but—

KEVIN

Right now, No.

CRAIG

Here's the thing.

KEVIN

If we take a poll—

CRAIG

Polls don't matter.

KEVIN

They do.

CRAIG

No.

KEVIN

A little bit.

CRAIG

Consistent consensus isn't fact.

KEVIN

Well, I wouldn't say that it is either. I agree with that. However, I will say that a sink doesn't wash anything. Uh-huh.

CRAIG

Well, and a vacuum doesn't necessarily push itself either. But like, what's the point?

KEVIN

Well, some of them do. A Kirby does.

CRAIG

Some of them do. That's why I said some vacuums don't push themselves.

KEVIN

Sure.

CRAIG

Again, I'm good at this.

KEVIN

But I still think that—

CRAIG

So if it doesn't push itself, does it no longer— does it cease to be a vacuum?

KEVIN

Well, of course not.

CRAIG

Okay.

KEVIN

But that being said—

CRAIG

So function matters.

KEVIN

Well, it does. So what it does is it brings water into the house.

CRAIG

Right. Which is a task performed by a device in the home, which according to the definition of the word is an

CRAIG

I'm going to be.

KEVIN

No, I'm gonna make my own definition real quick. Uh-huh. That's it.

CRAIG

Your own definition?

KEVIN

Yeah.

CRAIG

Well, while you're at it, why don't you just, like, give the Rangers a win? Because, like, if you can change that— I would love to. Because they lost the series, right? They lost the series. And here's why this is so sweet. You took the opportunity while I was away from the show to, to bring this up with somebody.

KEVIN

I did.

CRAIG

So I couldn't defend myself.

KEVIN

That's exactly why.

CRAIG

And then what happened is, is you drove all the way to Dallas to watch the Rangers play, and I could give a flying fart in the wind about sports, but it was so delicious to watch them lose.

KEVIN

Well, we'll see what happens the rest of the season.

CRAIG

It doesn't matter. It doesn't matter the rest of this. One, they're not going to play in the World Series against each other.

KEVIN

No, it's never going to happen. No.

CRAIG

So they have this series.

KEVIN

That's true.

CRAIG

And they lost this series.

KEVIN

They did. Yeah.

CRAIG

There's another series coming up. The Rangers could go on to win, what is it, the division?

KEVIN

Yeah.

CRAIG

Yeah?

KEVIN

Uh-huh.

CRAIG

So, and like, that's defined as the people that are in the division. Oh, because definitions matter.

KEVIN

They do, for the most part, they do.

CRAIG

Sorry, I've been loading my gun for a while.

KEVIN

I can tell.

CRAIG

Yeah.

KEVIN

It's been way too long since we've spent time together for you to load, load and load and load and load. and load. Yeah, the problem is most people still disagree with you.

CRAIG

It doesn't matter.

KEVIN

It does.

CRAIG

Like, doesn't matter to you. Well, no, go read the definition.

KEVIN

If—

CRAIG

take it up with the dictionary.

KEVIN

Okay.

CRAIG

Yeah, that's, that's the problem is like you could, you could disagree with me all you want. Make it not that.

KEVIN

Okay, I'll find something else.

CRAIG

Make a sink not that because a sink is that.

KEVIN

Okay.

CRAIG

In the same way that a water heater is.

KEVIN

Well, but, but a water heater has an energy source still.

CRAIG

Yeah, sure. But like, that's what I'm saying is like, I— so like, they don't work on water heaters.

KEVIN

Sure.

CRAIG

Because most of the time that's a plumber.

KEVIN

Sure.

CRAIG

Plumbers take care of that.

KEVIN

Yeah.

CRAIG

It doesn't make it not an appliance just because they don't work on it.

KEVIN

Oh, I agree with that.

CRAIG

Yeah. And that's really it. A plumber works on a water heater. A plumber works on a sink.

KEVIN

My, my point was that they should know what the difference is between an appliance and not an appliance.

CRAIG

They should.

KEVIN

They should.

CRAIG

They should. But I, I, I'm guessing, I'm guessing they haven't looked up the actual definition.

KEVIN

Okay.

CRAIG

So that's—

KEVIN

well, if they listen to our show, then they'll know now.

CRAIG

They'll know. They'll know.

KEVIN

They'll know what it is.

CRAIG

Yeah. So what else is— okay, so let me, let me, let me tell you something that, that we did just the other day, um, for— and this is just for Texas people. So like, if, um, which, which by the way, we're like number 3 in Oman.

KEVIN

What is that?

CRAIG

It's a country.

KEVIN

Oh.

CRAIG

In the Middle East. Well, so shout out, shout out to Oman.

KEVIN

Yes. Thank you for listening, Mr. and Mrs. People in Oman.

CRAIG

Yeah. So what I like, it's, it's really close to like Dubai for, for people wanting to know, like Dubai.

KEVIN

Lots of smart people.

CRAIG

Lots of smart people living there. They, they really enjoy our content apparently.

KEVIN

I don't, I don't blame them.

CRAIG

Yeah. Why not? But to get this, this kind of They get this kind of banter. Yeah. Um, but we, uh, we went to, uh, Blue Lagoon.

KEVIN

Oh, okay.

CRAIG

Have you heard of this?

KEVIN

Yeah.

CRAIG

Have you been?

KEVIN

No.

CRAIG

So we, we did our research. This was actually my Father's Day gift that I got to cash in just this past week.

KEVIN

I saw pictures.

CRAIG

Yeah.

KEVIN

It looks amazing.

CRAIG

It is amazing. Where is it? It's in Huntsville.

KEVIN

Okay.

CRAIG

So I can, uh, it's about an hour north of here. Yeah, it's close. I mean, I think, I think the map said it was only going to take us like 48 minutes from here to get there.

KEVIN

Okay.

CRAIG

Um, but you— so it's—

KEVIN

they—

CRAIG

and, and, you know, I, I haven't seen anything better, but clearest water in Texas.

KEVIN

Yeah, I mean, just the pictures that I saw were immaculate.

CRAIG

Yeah, it's, it's pretty nuts. And I would say you've got about a good 12 feet of visibility. Wow.

KEVIN

Is it cold?

CRAIG

It wasn't when we went.

KEVIN

Okay.

CRAIG

Now you get down about 8 feet.

KEVIN

Yeah.

CRAIG

And it gets nice and cool. Yeah.

KEVIN

That's a pretty good ways down there.

CRAIG

It is. And you don't want to like hang out there for a long time.

KEVIN

No.

CRAIG

But it's— you can go and get your scuba certification there.

KEVIN

Oh, really?

CRAIG

Yeah, that's like, that's like their main gig.

KEVIN

Okay.

CRAIG

Because if you go, like, you— the way it works is There's— so like, there's 2 lagoons.

KEVIN

Okay.

CRAIG

And on our lagoon, I think there were 10 slips.

KEVIN

Okay.

CRAIG

Each slip has like its own, uh, like a little shelter with a picnic table and then your own beach entry.

KEVIN

So do you rent one of those slips for the—

CRAIG

By the day.

KEVIN

By the day?

CRAIG

Yeah.

KEVIN

Interesting.

CRAIG

So, but in order to get one You have to be there before opening, and it opens at 9.

KEVIN

Oh, so you can't reserve them in advance?

CRAIG

You cannot unless you're a scuba diver.

KEVIN

Oh.

CRAIG

If you're a scuba diver, you can reserve it because they give priority to scuba divers, and I think it's because they do scuba instruction.

KEVIN

Yeah.

CRAIG

Which makes sense. Um, so if all the slips are filled with scuba divers, doesn't matter if you're in line or not, you ain't getting in.

KEVIN

Wow.

CRAIG

And there's a limited amount of space.

KEVIN

Interesting.

CRAIG

Every day.

KEVIN

Okay, um, and which means it's exclusive in that you're gonna get— you're not gonna get overrun with people?

CRAIG

No.

KEVIN

Okay.

CRAIG

No, not at all. Um, I mean, we, we were on that lagoon, we got there, we got in at like 9:15, and we were like number 8 car in line.

KEVIN

Oh wow.

CRAIG

And we still got it. Well, part of it was we were willing to pay cash, so we got a little bit ahead of everybody that was in, in line. Um, But you, uh, yeah, so like we were, we were on the lake and I think the whole time we were there, there may have been 10 people on the whole thing.

KEVIN

Wow, that's crazy.

CRAIG

The whole time we were there. Um, that's awesome. Yeah, and I mean, like, you— I mean, like, as long as they're not being like loud and stupid, yeah, you don't really hear them. Sure, it's a big enough place. They're like across the lagoon from you, right? Um, but man, I, I will, I will say this. I was enjoying myself so much. I have never been so sunburned in my life. Oh my gosh.

KEVIN

Totally forgot to actually apply.

CRAIG

No, I did. No, I didn't reapply. That was the problem, was I applied and I was just like, I'm good.

KEVIN

Yeah.

CRAIG

And I got home and like the tops of my feet and my thighs, man.

KEVIN

Sounds awful.

CRAIG

It was like radiating heat for the next 2 days.

KEVIN

Oh my goodness.

CRAIG

It was the worst. That's horrible. And we were pretty sure like my son may have gotten like sun poisoning.

KEVIN

Oh my goodness.

CRAIG

I mean, it was, it was like, and, but we were both like, it was so cool. We'll go back.

KEVIN

Worth it. Just next time wear more clothes.

CRAIG

Yeah, yeah, yeah, yeah. So, but like, if you're in like the, the South Texas area, yeah, it's definitely worth the trip. Just make sure that if you go, like, you plan to get there early.

KEVIN

Yeah.

CRAIG

And a good, a good tip on, on this one is to call ahead and see if they have scuba reservations. They'll tell you. Okay. And if you follow them on social media, they'll be like, hey, park's— and that actually happened the next day after we were there, was like, hey, park's closed. We're full on scuba reservations.

KEVIN

Wow.

CRAIG

So it happens. Sure. And I think it typically happens on the weekend because we went during the week.

KEVIN

That makes sense.

CRAIG

But I mean, like, if you— I mean, it opens at 9, it closes at 6.

KEVIN

That's a good long day.

CRAIG

And it cost us, I think it was like $200.

KEVIN

Okay.

CRAIG

For everybody.

KEVIN

It's not bad. That's a good day.

CRAIG

Yeah, it was not bad at all.

KEVIN

No.

CRAIG

So.

KEVIN

I like it. Worth the trip, man. Sure.

CRAIG

I mean, we packed a picnic lunch and just had a good old time.

KEVIN

That sounds fun. So for sure.

CRAIG

We did take, uh, we took a lot of tubes.

KEVIN

Oh, okay.

CRAIG

Like, we took a lot of our own, like, yeah, stuff to— because there's like, they don't want you swimming out in the middle because it's pretty—

KEVIN

it's really deep.

CRAIG

Yeah.

KEVIN

And I'm sure there's fish and other things.

CRAIG

There are. There are. And that's actually kind of part of the fun is if I've got one of those— have you seen the 180-degree snorkel masks?

KEVIN

Yes.

CRAIG

Yeah. So I've got one of those.

KEVIN

Okay.

CRAIG

Um, and this— the snorkel on it is amazing.

KEVIN

Really?

CRAIG

Yeah, because it's, it's, it's got a baffle on it so you can dive.

KEVIN

That's pretty cool.

CRAIG

You know how like on a regular snorkel you kind of like stick your tongue in the hole to keep water?

KEVIN

That's the only thing you can do, right? Because if you go down, water is going to get in your snorkel, right? But this has like a— almost like a damper or some sort.

CRAIG

Yeah, it's— there's a ball in the snorkel. Okay. So like when you go underwater, the ball closes over the hole.

KEVIN

So you don't even have to do anything. It just does it automatically.

CRAIG

Does it automatically.

KEVIN

That's amazing.

CRAIG

So, and you can, with those 180-degree snorkel masks, you can breathe through your nose or your mouth.

KEVIN

Wow.

CRAIG

I mean, like, it's there because it seals off everything from your nose around your mouth. Okay. And then gives you full vision with your eyes.

KEVIN

Wow.

CRAIG

Round, round like that. Um, yeah, I've taken it there. I've taken it to the Caribbean. I mean, I'll never go back to another snorkel mask.

KEVIN

I can't imagine. That sounds too good.

CRAIG

I mean, just the ability to breathe through my nose. Yeah, that's a huge game changer. And like, all you— so like, when you go, when you dive down— I'm not a big snorkeler, by the way. I don't do this a whole lot. Yeah, but I've done it enough over the years that it's like, I know what's annoying and what's not. When you dive down and you stick your tongue in the hole to keep the water from coming in, And when you come out, you have to clear that snorkel.

KEVIN

You got to blow it out.

CRAIG

So you don't have to do that.

KEVIN

Yeah, I mean, and that wastes a lot of breath, honestly. Like, you— that you gotta, you gotta hold that breath and make sure you have that to expel it whenever you come back up. Right, right, right.

CRAIG

So none of that's even part of the equation.

KEVIN

Interesting.

CRAIG

Yeah, there is a, there is a weird bit, like if you tilt forward too much, it'll, it'll shut the— it'll close the baffle even if you're above the water level. It's not a water level thing, it's a It's a gravity thing.

KEVIN

Okay, that makes sense.

CRAIG

So anyway, what's been going on with you, man?

KEVIN

Well, you mentioned heat, um, so I have to tell you something crazy. Um, so we finished my, my mother-in-law's house back in February, right? One of the things that we did is— so it's a metal building, and because it's a metal building, we chose to take advantage of all the things that a metal building offers. And one of that is the ability to just do closed-cell foam, right? for insulation purposes. So the way that works is once they get the— once they get the metal structure up, get the, the skin on it and everything, they, they just come in with, you know, well, then they gotta actually, um, they, they stud it out, they, they run all the, the electrical wiring, all the plumbing

KEVIN

so that it's all where it needs to go.

CRAIG

Mm-hmm.

KEVIN

And then they come in and spray foam the entire thing, right? So basically head to toe. Yeah, for all intents and purposes, you have an igloo. Yeah, like you, you've created, uh, you know, a cooler, for example. Like a— like think about a Yeti cooler. It's kind of like one of those, right? That's what you created. So the next question is, what do you want to do with your air conditioning?

CRAIG

Mm-hmm.

KEVIN

Because we live in South Texas, you gotta have the air conditioning, right? So you either go with a traditional, you know, condenser furnace, you know, split unit type of thing, or you go with mini-split, right, units. And my, my mother-in-law didn't want the mini-splits. She didn't like the way they looked, so she went with a traditional system.

CRAIG

Ductwork and all that kind of stuff.

KEVIN

Ductwork. Yeah, all that kind of stuff. She just likes— she prefers that look. So, okay, fine. Doesn't really matter. Just as long as everything is installed well and does what it's supposed to do, we're good. Well, 2 weeks ago, she, she, she calls me and she's like, my air conditioner is running nonstop and will not bring the temperature below 78 degrees. Now, you remember that it was— I mean, we had every day of the week was 100 plus.

CRAIG

Oh, yeah. It's been a massive heat wave through here.

KEVIN

Yeah. It's been awful. And there was no relief. I mean, it— the humidity was high because there was, like, chance of rain every day too on top of, like, 101, 102-degree temperatures.

CRAIG

Right.

KEVIN

But still, I'm looking at my house that is a traditional, you know, brick-and-mortar home, right? And it, it's working fine. I ever cooling it down to 75, 73, whatever I want it. And so I call my buddy Steve, Steve Smoon. He's been on—

CRAIG

Yeah.

KEVIN

Victory Insulation. He's been on, on the show before. And I'm like, I've never met anybody that knows insulation as well as he does.

CRAIG

Sure.

KEVIN

And so I was like, what's going on? And he said, well, Um, he said basically, how, how is that unit being cooled off? And I said, I, I mean, it's up in the attic. And he said, is there any ventilation, you know, at all to the unit itself? I was like, well, of course not, because it's closed cell foam. There's no ventilation up there. And he goes, that's your issue. You gotta have— your unit is working too hard. And I said, okay, I, I mean, that makes sense. And he said, think of it this way. He said, imagine you take a Yeti cooler and you put ice in the bottom half of it and fill it up with drinks. And then you put a,

KEVIN

like, a false top in there or false bottom, however you want to look at it. Um, something that seals off the bottom part, and then you just close the lid. and you've got half of it with nothing in it, the bottom half has ice in it. He said what happens is that top half is going to get hotter than the bottom half.

CRAIG

Mhmm.

KEVIN

And there's heat transfer that winds up happening. And at the end of the day, the ice will melt faster that way than if you remove that false bottom and the entire space is heated and cooled. Right? So you've got to basically air condition the entire cooler in order for it to not have heat transfer issues. Makes 100% sense to me whenever he explains it to me that way. And so you go up into the attic in my mother-in-law's house, it's over 100 degrees up in the attic.

CRAIG

Oh my gosh. It's not supposed to be like that with closed cell foam.

KEVIN

It's not supposed to be like that with closed cell foam.

CRAIG

Yeah.

KEVIN

And so we, we called out the people that installed the air conditioning unit and they were like, oh, it's probably this or this. And they've, they're like, ah, maybe this pipe over here isn't sealed up well or whatever. And long story short, they were like, the reason this is happening is cuz there's no ventilation in the, in the attic. They were like, they were like, we need to put vents in the attic. And I'm like, no, we're not putting vents in the attic. That completely defeats the purpose of having closed cell foam.

CRAIG

Right.

KEVIN

Like, you cannot create holes in it. Otherwise, you've got problems, and you've— that defeats the purpose of having closed cell foam. But they couldn't wrap their mind around this. And so, you know, Steve was basically saying, you've got to add cold air up into, into the attic, which—

CRAIG

So that they didn't put a send and return in the attic?

KEVIN

No. Oh no, they didn't. Oh, and so, so there's no— there's—

CRAIG

I mean, like, I'm, I'm no AC expert and I'm no, like, but I've learned over the years, like, if you got closed cell foam in the attic, you better have a send and return up there.

KEVIN

Yeah, there's got to be some way to get cool air up into the attic. And at the end of the day, this is, this is what's hard to wrap your mind around, uh, if you've never had closed cell foam. the attic needs to be the same temperature as the house. The house.

CRAIG

Yeah.

KEVIN

And my, my mother-in-law was even having a real hard time. She was like, I don't wanna air condition my attic. I don't have, like, that's, it's gonna cost so much money to air condition, like, a whole nother floor. No.

CRAIG

It's gonna save you money.

KEVIN

And I'm like, okay. And this is, this is one of the reasons I wanna bring this up on the show is because, like, I want other people to, to realize that there's a reason that Yetis keep your drinks colder longer than a traditional old, you know, cooler. It's because it's got closed-cell foam in it. And one of the things that does is just it holds all of the, the insulation. It holds all the temperature in. And if you start venting that thing, it's gonna be like anything else. It's gonna melt, right?

CRAIG

Right.

KEVIN

It's gonna melt your stuff. So you can't put ventilation in it. But you got to make sure that it's cooling the whole thing. And so once you get that temperature the same up in the attic as it is in the house, your air conditioner is hardly going to run.

CRAIG

Right.

KEVIN

Because it's not going to need to.

CRAIG

Yep.

KEVIN

And so I— we called, we called another guy, um, who has been doing air conditioning for a long, long time. And, um, we, we talked to 3 different people. Well, 3 different types of people. We talked to more people than that. One of them is like, you got to ventilate the attic. And we're like, of course not doing that. Someone else said, uh, well, you're gonna have to actually put an in— like an air intake into the, the unit and an exhaust out of the unit to bring air through that unit so that it's cooling itself off. That'll help. Um, and then this other guy who we're actually bringing out on Thursday He goes, that's

KEVIN

wrong also. You've got to have, like you said, ascend and return. You've gotta have cold air going up. And honestly, what a lot of times what they do is they just literally cut a vent into the, the ceiling. Mm-hmm. That has nothing really there other than it's pulling air into the attic. So you've got that, like you said, ascend and return.

CRAIG

Yeah.

KEVIN

And it's, and it's bringing the, the air throughout the entire building. to be the same. So he's coming out on Thursday, but he agreed with Steve, who's the insulation expert in my opinion.

CRAIG

Right.

KEVIN

And we're gonna get this all taken care of, but it, it, it's really bizarre. It's already been better because we, we actually had a— there, there's a screened-in porch at my mother-in-law's house.

CRAIG

Right.

KEVIN

That the— when the guys installed the AC, they didn't realize that that was going to be an uh, open-air thing.

CRAIG

Uh-huh.

KEVIN

Uh, so they put a vent, they put a return or a, uh, a register, a register vent.

CRAIG

Yeah.

KEVIN

In there with ducting. So they actually took that out and plugged it up. Well, we just opened it and left it up in the attic. Now it needs to be dampered down, and this, this guy that's coming out on Thursday, he'll be able to figure all that out. But as soon as we started putting cold air up into the attic, the air conditioner starts working better.

CRAIG

I bet.

KEVIN

So it's just one of those things that if, if what you don't know is what you don't know. And, like, my general contractor didn't even know that because he doesn't do tons and tons of metal buildings. He's learning things.

CRAIG

Sure.

KEVIN

But, you know, and, you know, I know that my mother-in-law was kinda like, well, the general contractor should have known that. I was like, no. Here's the thing. The air conditioner guy should have known that.

CRAIG

Yes.

KEVIN

And, and she said, well, why would the insulation guy not tell them that?

CRAIG

I was like, Here's the thing.

KEVIN

The insulation guy, even if he did tell them, it's not his job—

CRAIG

To make sure that they—

KEVIN

To make sure the air conditioner guy knows how to do his job.

CRAIG

Yeah.

KEVIN

And even if he told him that, this, I mean, the guy that installed the air conditioner is going, you have to ventilate this thing. He knows nothing about closed cell foam and how it works. He knows nothing about it.

CRAIG

It's still, it's still new enough that like a lot of, a lot of guys still don't know.

KEVIN

Absolutely.

CRAIG

Yeah.

KEVIN

And so, and that, that actually goes the same if it was open cell foam. It would be the same. But you don't wanna put that in a, in a metal building home. You wanna put the closed cell. But that being said, like, I, I, I just think it's important for our people to hear, like, if you're listening to this right now, closed cell foam is an amazing product. It costs a lot more money.

CRAIG

Mhmm.

KEVIN

But here's the thing. We've talked about this before. Fiberglass insulation that you put on, you know, traditional attic ceilings, it's about 30% efficient. Which you might think that's not that much, but it, it works.

CRAIG

Yeah.

KEVIN

Uh, closed-cell foam is 94% efficient.

CRAIG

Yeah.

KEVIN

Unless you're not heating and cooling the cooler the way you should, you know. So that has been our experience over the last couple of weeks as she's been trying to cool our house down. And it's like—

CRAIG

That had to be miserable.

KEVIN

Oh, and not only that, like—

CRAIG

Especially like it's like brand new, like this should be functioning right. Like, what's going on?

KEVIN

And she's concerned, frankly. I mean, her air conditioner was running nonstop. So she's just worried about her electric bill too. And it's probably gonna be stupid this month. But man, that here it goes again. It goes to show that like finding people to work on your house that actually know what they're doing.

CRAIG

Yeah.

KEVIN

And, and look, I—

CRAIG

Or getting the right people together.

KEVIN

That's right. Yeah. That, that actually can help each other figure things out. I mean, I'm fine with that too. And, you know, this is, this is, I'm, I'm gonna tell you that this is something that is our issue.

CRAIG

Mhmm.

KEVIN

As much as it is anybody's issue. But the people that installed it don't speak English. Okay. Well, we don't speak Spanish. So on top of all of this, there's a language barrier. Yeah.

CRAIG

Okay.

KEVIN

So on top of this, or one of the guys did, but he wasn't the one that came out every day.

CRAIG

Right.

KEVIN

And so now we've got a language barrier. And I'm not saying that that's good, bad, or otherwise. It's just part. It's a fact.

CRAIG

It's what it is. It's what it is.

KEVIN

Yeah. And so we had language barrier on top of that. So finding people that know what they're doing, that you can communicate with, that can communicate with you, like, all of that's really, really important. And at the end of the day, you might wind up paying more to get the good person out, the right person out, but hopefully you won't be dealing with these types of issues down the road too. So learn from our mistakes at this point, I guess, is the moral of the story.

CRAIG

So I, I just, just a quick tip for everybody with you know, dealing with language barriers, which, I mean, in Texas is going to be an issue sometimes. I mean, if you haven't learned how to speak Spanish, like, you're going to have a language barrier issue from time to time. You are. Google Translate is good. I mean, like, as far as, like, getting the message across as to what you're trying to say, very effective.

KEVIN

It is.

CRAIG

I've had to use it a couple of times, um, and I've— both ways, because not only will it translate me going to Spanish, It'll translate them coming to English. Right. Um, and so we were able, not quickly.

KEVIN

Yeah.

CRAIG

But we were able to communicate.

KEVIN

Yeah.

CRAIG

The, the, the issue with that winds up, so one of the issues that happens, if you start getting technical about stuff, it can be, it can be tricky.

KEVIN

Absolutely.

CRAIG

Yeah.

KEVIN

One of, one of the weird things that happened though is one of the guys that couldn't speak very good English, he, he went up into the attic to work on checks a couple things out. And he had— my mother-in-law had, had loaned him her, like, really nice flashlight, and he dropped it down the wall.

CRAIG

Oh, no.

KEVIN

And it's still down the wall because—

CRAIG

Oh, gosh.

KEVIN

I mean, it's like, it's just really nice, like, $50 flashlight. Um, but when he did that, she didn't realize it at the time, but it happened to be right where the internet connection comes in, and it knocked the internet connection loose.

CRAIG

Oh, no.

KEVIN

So she's in this black hole where we live. If you don't have internet, you, you're not talking to people.

CRAIG

Right.

KEVIN

And so she's tried to use a translate app and it won't work because she has no internet. And so it wound up being a bigger issue. But, uh, anyway, I think we're gonna get all this figured out pretty quickly.

CRAIG

But yeah. Um, so they're installing a send and return? Yeah.

KEVIN

Well, yeah. So what's gonna happen is this guy's gonna come out, he's gonna look at things from, from every angle. One of the things that's very interesting that he said, and it makes sense to me, is where that screened-in porch is, above that is just open to the attic. It's just attic. And he said, until you— until you— we're probably gonna have to build like false wall around that up in the attic and foam that so that you don't have heat transfer issues. Because when you have heat transfer issues, you're gonna create condensation. Yep.

CRAIG

And that's—

KEVIN

When you create condensation, then you're gonna get mold.

CRAIG

Yep.

KEVIN

So we're probably— we probably got more work that's going to have to be done. But again, having the right people working on it to begin with, you don't have these issues.

CRAIG

Yeah. So, so is this— is this all out of pocket?

KEVIN

Um, I'm not sure yet.

CRAIG

Okay.

KEVIN

I've not chased any channels. Um, I know the guy that's gonna do it for me is gonna, you know, treat me right for sure. Um, and honestly, I don't think it's going to be that much work in order for him to get it where it needs to be because we've already got that extra duct that's available, right? It just needs to be secured and put a register on and dampered down to the right CFM, and then putting a— putting some sort of return in the right place. I don't think it's gonna be that much. As far as building another wall and foaming it, I mean, I kind of look at it as that should have been done to begin with.

CRAIG

Yeah.

KEVIN

And so whether it gets done today or whether it got done then, I'm gonna have to pay for it one way or the other.

CRAIG

Yeah.

KEVIN

Right. So as far as that goes, it's probably gonna be out of pocket for me or for my mother-in-law actually. But, um, I, I'm not as upset about that as I am the fact— for the fact that like the electric bill is gonna be what it's gonna be.

CRAIG

Yeah.

KEVIN

But there— no, nobody's gonna be able to take that responsibility on.

CRAIG

Yeah. So anyway, okay, so here we're gonna, we're gonna shift a little bit. Okay. Um, because I think that's interesting, and I think people building homes and metal homes should definitely have that information.

KEVIN

Yeah.

CRAIG

I mean, you want to have the right insulation person, you want to have the right AC person. Um, and also, like, there's a lot of homes that have been converted.

KEVIN

Oh yeah.

CRAIG

You know, and, and so you, you want to be able you want to have an inspector who is knowledgeable enough to look at something like that and go, this was done properly, this was done improperly, right? You know, because conversions can be trickier than new builds. Sure.

KEVIN

So anyway, not only that, like, I mean, just be aware, like, where we're at, we had to pull permits, but we didn't have to do inspections.

CRAIG

Yeah.

KEVIN

And because we didn't have to, we're not paying for it, right? I mean, just make sure it gets done right to begin with. Well, anyway, yeah, it's part of it.

CRAIG

So anyway, one of the things I wanted to go through quickly tonight is we, we've got the June 2023 monthly housing report.

KEVIN

Yeah.

CRAIG

And this is from realtor.com. I'm gonna hit the highlights on this real quick just because I think they're interesting. And there's 1, 2, 3, 4, 5 highlights from this. And we can, we can dig into these as much as you want, Kev. But just information I think people need to have there. I mean, like, the reports are different based on state to state. But this is nationwide.

KEVIN

Okay.

CRAIG

You know, so, like, we, you know, like, we're, you know, people, people are listening to this show in, you know, all 50 states.

KEVIN

Right.

CRAIG

All kinds of different countries. You know, obviously, Oman. Shout out. Shout out to Oman. So the— okay. So here's, here's the first one. The number of homes actively for sale increased by 7.1% compared to last year. So June, June of 2023 versus '22, there's 7.1% more homes for sale this June than there was last June.

KEVIN

Wonder— So one of the things that's interesting to me is, is we've said since, I mean, probably for 3 years now at least, since COVID happened, that people have been scared to sell their home because the rising prices have, have deterred them from doing so. Because they're going, look, I can sell my house at top dollar, but I can't buy another house except for top dollar, right? So I don't know what I'm going to be able to get into. So I think it, I think it forced people to just Stay.

CRAIG

Yeah.

KEVIN

But after some time, if you're wanting to move, you gotta just bite the bullet.

CRAIG

Yeah.

KEVIN

So I think that's probably got some of it to do with it. But the other thing is, even though interest rates have gone up, housing— the housing market is like— the pricing has gone down. Like, you can actually negotiate a house right now.

CRAIG

Yeah, it's, it's more— I mean, it's becoming more of a buyer's market. I don't know that it is a buyer's market yet. Um, but it's becoming more and more so.

KEVIN

Sure.

CRAIG

Um, and, and some of these, some of these other stats may, may help, uh, bolster that up. Uh, the total number of unsold homes, including homes that are under contract, decreased by 4.6% compared to last year.

KEVIN

So they're selling more homes. That was— is that what I'm reading?

CRAIG

No, no, no. There's, there's more homes on the market.

KEVIN

Oh, okay. Essentially.

CRAIG

Okay.

KEVIN

Okay.

CRAIG

Okay. Um, so there's total number of unsold homes, including homes that are under contract, Okay. Decreased.

KEVIN

Decreased.

CRAIG

Yeah.

KEVIN

Okay.

CRAIG

Um, all right, so home sellers were less active in June, uh, with 25.7% fewer homes newly listed for sale compared to last year.

KEVIN

Okay, so that's really interesting. So there are actually more houses that are for sale But fewer houses that are actually selling, basically.

CRAIG

Yes.

KEVIN

They're staying on the market so much longer that there's now a statistic.

CRAIG

There's, there's 25% less newly listed.

KEVIN

Yeah.

CRAIG

So even though there's 7.1% more houses, more, it's because there's so much carryover.

KEVIN

Yeah.

CRAIG

From the previous month.

KEVIN

Yeah.

CRAIG

So there's not as many new listings.

KEVIN

And they're not selling as quickly, so they're staying on the market longer, so they're carrying over.

CRAIG

Which is discouraging people from putting their house on the market.

KEVIN

Of course. Because it's like, I— well, me and people have such short memories. They're like, they're like, well, so-and-so last year sold their house in 3 days and had 49 offers. Yeah. And they're like, well, yeah, but do you remember like what 2016 was like? I don't.

CRAIG

I'm just pulling that. Someone, someone in our family was really worried about selling their home recently, and they put it on the market and it sold within 3 days.

KEVIN

Sure. That's still happening.

CRAIG

It's still happening. It just depends on the property. It depends on where it is.

KEVIN

It depends on lots of different things. And again, this is nationwide. Nationwide.

CRAIG

Nationwide.

KEVIN

This is not happening in Houston Metroplex right now. Right.

CRAIG

Well, I mean, like, the— you're, you're seeing a slowdown in Houston. It's just not by these metrics.

KEVIN

Right.

CRAIG

Um, so the median prices of homes for sale decreased by 0.9%, so almost 1%.

KEVIN

Yeah.

CRAIG

Um, annually in June.

KEVIN

The— okay.

CRAIG

And this is, this is, this is the key point, I think, from this whole data set. So, like, median price of homes de— for sale decreased by 0. by 0.9% annually in June, the first decline seen since 2017.

KEVIN

Oh, yeah. That's interesting.

CRAIG

That's the— so essentially what they're saying is if what we think is happening, at least what I think is happening, is they've hit the top of the bell curve and now it's coming back down.

KEVIN

Coming back down. And it— but it's, it's taken 6 years.

CRAIG

Yes.

KEVIN

For that to happen.

CRAIG

Which, which makes sense.

KEVIN

Sure.

CRAIG

Because it usually, it usually runs in 8-year cycles.

KEVIN

Okay.

CRAIG

So we've probably got 2 more years.

KEVIN

Yeah.

CRAIG

To hit the bottom of this one.

KEVIN

Well, and—

CRAIG

If, if, if the trends continue like they usually do.

KEVIN

Right. And I, I guess the other thing along with that is even though interest rates started going up over a year ago. So started really going up April, May of last year too. Well, they were starting, they were trending up starting in January.

CRAIG

Yeah.

KEVIN

Of, of '22. Uh, because I think the end of '21, there were still, I mean, people were still, you know, getting like 3% on their homes.

CRAIG

Yep.

KEVIN

And then where we got ours in April was 4.5%, and it just kept going up and up and up and up. It's just now causing the house prices to actually go down.

CRAIG

Mhmm.

KEVIN

That's an interesting—

CRAIG

it just takes a long time for some of this stuff to actually make a difference. Yeah. And so here's the last one. Homes spent 44 days on the market on average.

KEVIN

Okay.

CRAIG

Which is 13 days longer than last year, but still shorter than before the pandemic.

KEVIN

Yeah. Well, again, short memories, right? We forget how long it takes to sell a home sometimes. Um, there's a beautiful property, um, not far from where we live, and I went and looked at it as soon as it went on the market because I was like, I've always thought this was a beautiful property. Um, I'm like, I'm just curious, like, how much is this thing worth? And it was like $1.3 million. Like, it was—

CRAIG

Yeah.

KEVIN

It was a beautiful property for a reason. Um, but it sat on the market for probably at least 2 months. Before we just saw sale pending, uh, posted on it. And so like, I, I— it is interesting, the timeline is lengthening.

CRAIG

Yep.

KEVIN

Of how long it's taking to actually come to an agreement with people.

CRAIG

Oh yeah. So I saw, I saw one on the market that came on the other day that it was, it was pretty similar to what we have here. Uh, it was just a little bit more land in the house. It was just a little bit nicer. And I— here's why I'm saying that. because it was like just north of $4 million.

KEVIN

Oh my goodness.

CRAIG

And like, it wasn't that much different than what we have here. And I was like, there's no way. Yeah, I could sell this for $4 million.

KEVIN

No, there's no way.

CRAIG

And I'm like, okay, so like, what, what's going on with this property? Yeah, that like really distinguishes it. I mean, like, I mean, it was just a little bit more land and it was, it was like a barndominium with an outbuilding.

KEVIN

Okay.

CRAIG

I mean, like, it really wasn't that much different.

KEVIN

And I was like, location, maybe?

CRAIG

It wasn't that great of a location. I mean, like, I mean, like, you know, okay, it was— it's in a different— it's in the same county.

KEVIN

Okay.

CRAIG

But it's in a different city.

KEVIN

Okay.

CRAIG

So that— I mean, that's really the only difference.

KEVIN

Yeah.

CRAIG

And I'm looking at it going, okay, like, I have access to a major waterway.

KEVIN

Yep.

CRAIG

As well as a private waterway.

KEVIN

Yep.

CRAIG

Um, we have a lot of stuff going for our property. Yeah. And I'm like, why, why is that one— I mean, it was, it was, it was a newer building. I'll give it that. I'll give it that. It was a newer building.

KEVIN

Sure.

CRAIG

But I don't know that it was like $3 million more.

KEVIN

Do— does it have anything to do with the neighborhood maybe? I don't know. Well, you've got, you've got access to those things. A lot of the homes in this neighborhood are not worth No.

CRAIG

They're not worth what ours is worth. No.

KEVIN

Exactly.

CRAIG

So, and that, that's, that, that's the weird thing though, man, is we, we bought one of the middle properties in our neighborhood.

KEVIN

Although you have the most land of any property.

CRAIG

Yes.

KEVIN

In the neighborhood.

CRAIG

Yes. That's true. I, I, I, I don't know that we still have the most valuable property in the neighborhood. But we ended up with like at least in the top 10%.

KEVIN

I would agree. There— some people have come in and built some really nice properties.

CRAIG

Yes. That's definitely very nice.

KEVIN

Kind of on the back end.

CRAIG

Yep.

KEVIN

Yeah.

CRAIG

And they don't have as much land as we do.

KEVIN

Well, they've got like a, a 6th of the land that you have, probably like 1, maybe 2 acres, right?

CRAIG

Uh, most of them I think 2 or 3.

KEVIN

Okay.

CRAIG

Yeah. Um, But they definitely don't have the access that we have along with some other things. And so it put me on a path of going, wait, why is that one that much? I really couldn't figure it out. I mean, it was a pretty property, don't get me wrong.

KEVIN

But it's still on the market.

CRAIG

It's still on the market.

KEVIN

There's that. So it is very interesting to watch these trends kind of happen.

CRAIG

Yeah.

KEVIN

And, you know, all the predictors have, have said the housing prices are going to come down. Who knows when the interest rates are gonna come down?

CRAIG

Well, like, they, they necessarily have to.

KEVIN

They have to. I know. I mean—

CRAIG

Now the, the difference is, is, like, coming down is way different than crashing. Yeah.

KEVIN

I mean, again, historically, they're really low.

CRAIG

The housing prices? No.

KEVIN

The interest rates. Interest rates. Yes. Interest rates are still historically really low at 7%, whatever they are, 7.5%. whatever. They're still really low historically, but—

CRAIG

I think people are getting, like, closer to 5 now.

KEVIN

I don't actually know what it is, but, I mean, somewhere there between it.

CRAIG

Yeah.

KEVIN

It's probably not its highest.

CRAIG

It's between 5 and 7. And a lot of it depends on your income and your, you know, your credit score.

KEVIN

Of course.

CRAIG

All that kinda stuff.

KEVIN

But that's still historically really low.

CRAIG

Very.

KEVIN

It's just we saw 2.5 or 2.3 or something like that. during the pandemic. And so like, those are never going to happen again.

CRAIG

I don't know.

KEVIN

No.

CRAIG

Well, I mean, never is a strong word.

KEVIN

I mean, it would be crazy for that kind of thing to happen again. But I agree. I mean, houses coming down steadily, it's not a bad thing. I mean, they need to come down.

CRAIG

And here's the thing I think a lot of people need to realize is high interest rates is not necessarily a bad thing.

KEVIN

Sure.

CRAIG

I mean, you can, you can come complain about high interest rates a lot, but you know, you know what people were really— what some people were complaining about when we had low interest rates for houses?

KEVIN

What's that?

CRAIG

Is the return on their savings.

KEVIN

You can't have it both ways.

CRAIG

You can't have it both ways. You're not gonna, you're not gonna be getting 12% on your savings and getting a 2% interest loan for your home. You're gonna be getting 2% return, right? If not less, right? Remember, like a 1.5% return on your savings, if you're lucky.

KEVIN

If you're lucky.

CRAIG

If the market is at a 2% interest rate.

KEVIN

You gotta— it's gotta bear out somewhere.

CRAIG

Right. And so like all these people who are complaining or mocking people going like, you guys don't understand what good interest rates are because we were paying 15%, 16%, 17% for houses back in the late '70s and early '80s.

KEVIN

Right.

CRAIG

Well, they were also getting really good interest rates, 12% to 15% on their savings.

KEVIN

Savings. Not, not just like money markets or mutual funds or CDs. We're talking about—

CRAIG

Yeah. Savings. Just savings. And, and a lot of people don't realize that there's, there's a way that this can go that would be really unpleasant, which is negative interest rates.

KEVIN

Well, yeah.

CRAIG

Which, which happened in Japan. It did.

KEVIN

Yeah.

CRAIG

And it was because Japan had a culture of hoarding money.

KEVIN

Right.

CRAIG

And so what happened was, is the market responded to that and said like, hey, look, we're gonna force you to spend your money. How are we gonna do that? We're gonna put negative interest rates, which is great if you're borrowing money.

KEVIN

Yeah.

CRAIG

Because they're gonna pay you to borrow the money.

KEVIN

That's right.

CRAIG

Problem is, no one was borrowing the money.

KEVIN

Now you gotta go spend it.

CRAIG

So what we're gonna do is we're gonna put negative interest rates, which means that we're gonna charge you for storing the money in our banks. So you're making nothing on anything that you save. You're actually paying money to save money.

KEVIN

Right.

CRAIG

So there's a way that this can go that—

KEVIN

It would be awful. That would not be good.

CRAIG

It would be awful for savers.

KEVIN

It would be awful for— yeah, exactly. For me. So I think that what's interesting in this whole thing is because of things like the pandemic, more people are working from home. which necessitates a larger home. One of the things you saw back whenever the interest rates were—

CRAIG

That's true, but that's happening less and less.

KEVIN

People working at home, you mean?

CRAIG

Yes. No.

KEVIN

It's, it's actually, it is. I, it is happening less and less.

CRAIG

It's happening more than it was in the past, but it's happening less and less progressively moving forward.

KEVIN

Well, but a lot of those people are still working at home. So I think A lot— there's— I know there's people going back to the office, but it's not happening at the rate that most would thought it would be.

CRAIG

Well, if you, if you want my prediction on this, here's what I think is gonna— I think there's a lot of people that wanna stay working at home. And I, I think, I think there are some companies that are gonna try and prolong that as long as they possibly can.

KEVIN

Sure.

CRAIG

That being said, I think also those people who continue to demand to work from home when everyone else is going back to the office, are eventually going to be let go.

KEVIN

Okay. That'll be interesting. I, I, I think that's very interesting. And maybe, maybe you're right. The, the thing that I find that's hap—

CRAIG

Well, it's gonna be easy to let them go.

KEVIN

Oh, it's so super easy.

CRAIG

Because they, they have no personal connection to this person that they never see.

KEVIN

Right.

CRAIG

You know? And, and so, like, if you're, if you're a person working from home and you're like, well, I've, I've just, I'm, I'm on the gravy train.

KEVIN

Yeah.

CRAIG

Which you, you have been.

KEVIN

Yeah. Sure.

CRAIG

Let's just be honest. You have been.

KEVIN

Sure.

CRAIG

It's been nice.

KEVIN

Yep.

CRAIG

But you know what, if you're— if the people in your company are going back to the office and you're not, and you're holding out, it's not a smart move if you want to keep your job. If you want to— if you want to move on to something else, that's fine, you know.

KEVIN

Well, but I think the, the point that you make is really good. Like, if I don't ever have to see you, then I don't have to deal with your, like, any— anything. I don't have to deal with it, right? I see you on camera maybe, but I don't have to even see you clean out your office. So it doesn't matter.

CRAIG

Right?

KEVIN

Yeah. So I— but what was happening, I think this is interesting. So back when the interest rates were 14%, 15%, 16%, people were just building smaller homes. They were, they were building 1,200, 1,300, 1,400, 1,500 square foot of homes. Like, a, an 1,800, a 2,000 square foot home at that point was a big home. It was a big home. So Now people are wanting these 3,500 square foot homes.

CRAIG

Yeah.

KEVIN

Because, well, that's where I live, that's where I office, that's where I do everything, so I need my space.

CRAIG

Yeah.

KEVIN

Right? Well, if, if you had 14, 15, 16% interest at that rate, you would not be able to do it.

CRAIG

Right.

KEVIN

So back when the interest rates are, are down at 2, 3, 4%, you can afford to have a larger house at that rate. Whenever it gets up to this 6%, 7%, even, you know, 7%, it's more difficult to buy a bigger home.

CRAIG

Yeah.

KEVIN

So it's, it's, it's this weird thing of like, you, you gotta kind of figure out, am I gonna buy a bigger house? Or am I gonna spend more money, less money, smaller house? What am I gonna do? I, I, it'll be interesting to kind of see how that continues to, to, because I, I think what's gonna wind up happening, especially if these people get laid off, Well, they can't afford that big house anymore.

CRAIG

No.

KEVIN

And when that happens, they've got to sell it. Someone else is going to come in. They're going to be able to buy it for a lower interest rate because eventually that's going to go back down. It's— the whole thing's going to be very interesting to watch, in my opinion.

CRAIG

Oh, yeah. Yeah. Oh, and, and one of the big trends before COVID hit was tiny homes.

KEVIN

Oh, yeah.

CRAIG

I mean, like, I did—

KEVIN

I— in fact, there was a tiny home, uh, seller in, in the town that I live in, it's gone. Like, a lot of those tiny homes are not— I mean, you just don't hear that trend much anymore.

CRAIG

Not as much anymore.

KEVIN

I mean, again, people are not— they're needing to live in their house and work at their house and do all this kind of stuff.

CRAIG

And it's like, yeah, I mean, like, part of me is just like, look, you need a 3,500 square foot home because you need your space. Grow up.

KEVIN

Yeah, that, that's when you actually take a corner. That's when you actually do need a tiny home. If you need 3,500 square feet, you need space, go get a tiny home and get space.

CRAIG

Yeah.

KEVIN

Yeah, that's how I think you need to get it.

CRAIG

Jeez.

KEVIN

But yeah, 30— golly, I don't— I would hate to clean a 3,500 square foot house. I would hate to clean it.

CRAIG

Yeah, it always looks nice until you have to clean it.

KEVIN

Or, or air condition it, or I mean—

CRAIG

Anything.

KEVIN

Yeah, like there's more things to break, there's more flooring to replace, there's more paint to keep— I mean, the whole thing to maintain, it's a lot.

CRAIG

It is. So it is. I mean, like, I would— I mean, like, my, my personal opinion, I'd much rather have like 3 1,500-square-foot homes than one 3,500.

KEVIN

Well, I mean, that, that's kind of what we've got on— I mean, ours is 2,200, my mother-in-law's is 1,200.

CRAIG

So, you know, I just mean in different states, but that would help too.

KEVIN

Yeah, then, then you also need a tiny airplane.

CRAIG

Well, I'm working on that. I'm working on it.

KEVIN

It's probably cheaper to just rent other people's airplanes.

CRAIG

Um, depends. It's like with airplanes, it really depends on the size of your family. Sure. Like if you, if you, if you have a nuclear family, like 4 people, it's easy, dude. It's less than a car.

KEVIN

Yeah.

CRAIG

I mean, to buy one.

KEVIN

Oh, sure.

CRAIG

Um, yeah, you know, when you have 5, you have 5, you got that one extra, one extra.

KEVIN

It's like, we, we made that decision, didn't we?

CRAIG

Well, you can still get one for less than some cars.

KEVIN

Yeah, that's almost always the case. I could buy a house for less than some cars. Even with these interest rates.

CRAIG

Yeah. Yeah.

KEVIN

Although once you get to those cars, they can actually be an asset.

CRAIG

They can.

KEVIN

Yeah. There are cars that are assets, believe it or not.

CRAIG

Yeah. So my, my buddy Christian learned about that the hard way though. Oh, with his— he had an Aston Martin.

KEVIN

Oh.

CRAIG

Um, anyway. Yeah, it, it, it turned into a lemon.

KEVIN

Yeah, that's—

CRAIG

he ended up getting his money back, but it was, it was, it was a long road to hoe, to say the least.

KEVIN

That's frustrating.

CRAIG

Yeah.

KEVIN

But there definitely are cars that will make you money.

CRAIG

Yeah.

KEVIN

And, and that's— I'll tell you what, that's one of those places where like, like you see a lot of these rich people, they're like, man, why are they— there are rich people that drive Honda Accords, and there are rich people that drive Aston Martins or Rolls-Royces or Bentleys or things like that. And, and both of them are making smart financial decisions.

CRAIG

And it's really hard to figure that out. Yeah. Yeah. Well, it's, well, part of it is, is like, what, what do you enjoy?

KEVIN

Sure.

CRAIG

Because if you enjoy cars, you're gonna be more invested in learning about the cars. Sure. And you're gonna know what's valuable, what's not valuable. And, you know, the, the guy that's driving the Honda Accord that's really wealthy probably doesn't care about cars.

KEVIN

No.

CRAIG

He probably cares about something else. Sure. And that's where he's spending his time and his money.

KEVIN

Sure.

CRAIG

Which is smart.

KEVIN

Yep.

CRAIG

Like, don't get involved in something you don't know about.

KEVIN

Right. Or care about. Or care about. Yeah. Or want to know about. But if you like cars and you want to continue having your money make money, well then go get some nice cars.

CRAIG

I will tell you, man, like, I've had some clients that are Ferrari collectors.

KEVIN

Oh, wow.

CRAIG

Those seem like expensive to keep.

KEVIN

Yeah.

CRAIG

Like, they all have to be constantly plugged in. Um, anyway, like, it's— and it's like, it's like walking on eggshells around them.

KEVIN

I know.

CRAIG

And it's like, can I, can I even come within like 3 feet of it?

KEVIN

Like, what's the deal here? Yeah, yeah, exactly.

CRAIG

Like, dude, are they driven? No, they're never driven.

KEVIN

No.

CRAIG

Um, and like, to me, that, that's the part that it's like, I don't want— I don't like this. No, I don't want that if I can't use it.

KEVIN

I agree with that.

CRAIG

So yeah, anyway, anything else, man?

KEVIN

No, I think that's about it. So I appreciate everyone listening in on this episode, 252. Man, we've passed the 250 mark.

CRAIG

Yeah.

KEVIN

That's kind of cool.

CRAIG

We're up there with the big dogs.

KEVIN

Yes, we are. Thanks for tuning in. If you haven't already, like, 250 episodes, like, like our stuff, subscribe, go find us on, on, uh, YouTube, Instagram, all those places. We're all over the place. Thanks for joining. We're here each and every Tuesday on the audio podcast. And until next time, we'll see you later.

CRAIG

See ya.

Keep going

More episodes

Top 5 Most Abandoned Cities artwork
Ep 357Aug 20, 20261 hr 7 min

Top 5 Most Abandoned Cities

This episode of The Homeowner Show dives into a wide array of current events and hot topics. Hosts Kevin Hackett and Craig Williams kick things off by discussing the sweltering heat and its impact on outdoor work.

Will New Laws Actually Lower Home Prices? artwork
Ep 356Aug 12, 202640 min

Will New Laws Actually Lower Home Prices?

The Homeowner Show kicks off with a lighthearted, albeit slightly gross, discussion about an infestation of flies and a spider web in their studio, a stark contrast to the more serious topics that follow. This initial banter quickly transitions to personal anecdotes about home maintenance and repairs.

Subscribe to our weekly email

The episode, the fix of the week, and what it should cost.