Show notes

The Homeowner Show, episode 351, dives into the Houston Rodeo, exploring its appeal and the challenges of attending, from transportation woes to disappointing concert acoustics. The hosts debate the effectiveness of the "21st Century Road to Housing Act," a bipartisan bill aimed at limiting institutional ownership of residential properties, while expressing skepticism about government intervention in housing affordability. They emphasize personal responsibility in home buying, suggesting that a willingness to compromise on expectations and location can lead to more attainable and valuable…

Transcript

673 segments
KEVIN

This is episode number 351 of The Homeowner Show. 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 Haggett, and here with me is Craig Williams.

CRAIG

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

KEVIN

Well, I'm pretty good. I almost, you know, screwed that entire like intro up because I'm looking at the giant roach back there on the wall.

CRAIG

Oh geez.

KEVIN

It doesn't look great for the, for the homeowner show over here.

CRAIG

Whatever.

KEVIN

One second, y'all. We, we got a guy on the, on the hot on the trail. Oh yeah, that guy didn't make it.

CRAIG

Ooh.

KEVIN

Ouch. He's gonna wish he didn't. Well, he, he He's gone.

CRAIG

He gone.

KEVIN

So that's, uh, I was sitting over here like trying to do the intro and I look over there and I see this, this roach and I'm like, is he gonna leave or is he sneaking up on me? Yeah. Anyway, I think—

CRAIG

I vanquished the dragon.

KEVIN

So I'm good. How are you, man?

CRAIG

I'm better now. I got a little aggression out.

KEVIN

Yeah, you did. Yeah, you did. Well, I, I don't know. Maybe people have been missing us, but Like, I lost my voice.

CRAIG

Yeah, you did.

KEVIN

For like 2 weeks.

CRAIG

Had a little laryngitis going on.

KEVIN

Like, like gone, gone. Like, it wasn't just like, oh, I can't really talk very well. It's like I had no voice.

CRAIG

Yeah. And, uh, really regretting those missed American Sign Language lessons.

KEVIN

Well, yeah, but I had the number of people that were like, this is your gift to us, isn't it? And I'm like, you jerk.

CRAIG

Couldn't even retort.

KEVIN

No. I'm like, Like, I, I, I can't even raise my voice at you. All I could do is raise a finger.

CRAIG

That's right. I was like, you had one move.

KEVIN

So anyway, but yeah, I can, I can talk again. It's not, it's not 100%. There's still moments where I'm like, eh, it's not quite there yet.

CRAIG

Well, we'll, we'll check the comments to see if people are rejoicing.

KEVIN

They probably are. They probably are. Yeah. How you doing?

CRAIG

I'm good, man. Um, we got some, we got some fun stuff going on. Um, but I really wanted to talk about, uh, Houston Rodeo. One, it is, it is one of my favorite times of year because, uh, everyone looks a little bit more like me. That's true. For a little while.

KEVIN

They do.

CRAIG

Um, so I think everyone looks a little more normal and like they should.

KEVIN

Yeah.

CRAIG

Um, maybe not all of them. Um, but I, so I love rodeo season. I hate going to the rodeo.

KEVIN

Okay. Why?

CRAIG

Uh, it's, It sucks to get there.

KEVIN

Oh, it's terrible. Well, from here it's a long way and you have to go through the heart of downtown to get there.

CRAIG

So, and I know you can take the buses and all that kind of stuff. I don't want to 'cause I don't have to.

KEVIN

Right.

CRAIG

So I'll acknowledge my privilege.

KEVIN

Yeah.

CRAIG

But I still don't wanna go.

KEVIN

Right.

CRAIG

And like, there's even musicians that I like and enjoy. I think they sound terrible there.

KEVIN

Well, they don't. It's, it really is interesting to me as much of headliners that they have. Mm-hmm. I mean, some big, big names. Killers. Yeah. That the sound isn't better.

CRAIG

No.

KEVIN

Than it is. And, and I, I get that you're in an NFL arena, arena in there, but like, couldn't they do something? Yeah.

CRAIG

But I think, I think we talked about this, like, when we, but this, I think we talked about this when we talked about the Super Bowl halftime show.

KEVIN

Oh, we did. Yeah.

CRAIG

That, that the music and stuff, it's not for the people there.

KEVIN

Right.

CRAIG

It's, it's for the people watching on TV. Sure. The problem with the Houston Rodeo is it's not televised.

KEVIN

It's not on TV.

CRAIG

So it's, it just sucks.

KEVIN

It should be for the people there.

CRAIG

It, so, uh, okay. I don't know if this is true or not. I mean, it could be, I just don't know. But, um, every year for my dad's birthday, I buy him a subscription to the Cowboy Channel.

KEVIN

Okay.

CRAIG

And part of the reason I do that is because it's the only place that you can stream the National Finals Rodeo outta Las Vegas.

KEVIN

Oh, okay.

CRAIG

So he, and like, it's, it's like a streaming service, so like you can watch it live, but they also keep them. So like if you miss a night, you can go watch. Okay. And, and you know, you can go, you can go back and watch last year's NFL and all that kind of stuff. I don't know if they put the, the Houston Livestock Show, but I imagine even if they did, they're only showing the rodeo.

KEVIN

Probably not the concert.

CRAIG

Not the concert.

KEVIN

Yeah. Because there's, there's rights involved. There's all kinds of stuff, I'm sure.

CRAIG

Yeah. So I mean, and they've had like Creed played this year. Oh yeah. Which—

KEVIN

Well, my— I, I was planning on going to see Creed last— no, last Sunday to see Forrest Frank.

CRAIG

Oh, okay.

KEVIN

My, my son loves Forrest Frank. In fact, my daughter loves Forrest Frank too. And because they listen to it all the time, I've kind of— No, he's good. Gotten into the guy a little bit. Um, so we were gonna go with, uh, his best friend and, and their family, uh, and— but we needed 7 tickets.

CRAIG

Yeah, good luck.

KEVIN

Well, we got in the waiting room. He and I, his dad and I both got in the waiting room. He got in pretty quickly, but he could only get 6 tickets, not 7. So we're like, all right, my wife's out. Like, and, and she likes the rodeo type stuff, but her allergies are so bad and she did wind up getting sick. But we wind— I wound up changing my plans and, and taking a different trip with a another group of people, um, on a mission trip. And so I'm— I was gone, and so they went without me, but they said it was great. Like, they—

CRAIG

like, your kids went?

KEVIN

Yeah.

CRAIG

Oh, awesome.

KEVIN

They went. It's the first— first time they've been to that rodeo. They've been to a rodeo before, but—

CRAIG

Oh, that's first time going to Houston rodeo?

KEVIN

Houston rodeo.

CRAIG

Oh, really? Yeah.

KEVIN

My, my son was like, the bull riding was awesome. I was like, yeah, it is. Yeah, it is.

CRAIG

There's a bunch of it that's awesome.

KEVIN

Yeah, yeah. And he was— he He was talking about a bunch of different stuff. He really had a great time.

CRAIG

Awesome.

KEVIN

So I'm sure we'll do it again. I mean, you're right though, getting down there is a hassle. I mean, finding where to park and then no matter where you park, you've still gotta bus or tram or train over there.

CRAIG

Yeah, all you peasants do.

KEVIN

Well, yeah, pretty much. I mean, unless you know someone, like, or unless you're willing to just pay Uber to, to get you there. Yeah, that's the way it normally goes.

CRAIG

Yeah, I would imagine Uber is a— I mean, like, to get there is way better. Uh, leaving, I don't know if Uber'd be the way to go. I mean, that'd be kind of a nightmare.

KEVIN

Yeah, I think so too.

CRAIG

I imagine for the drivers too, probably. But anyway, I— so I, I love the rodeo, but I don't want to go.

KEVIN

Yeah.

CRAIG

Okay. So, well, I, I— and the only part that makes it enjoyable to me is honestly, if I, if I go and there's like a concert that I don't wanna see. That's my favorite.

KEVIN

Yeah.

CRAIG

Because I don't mind leaving as soon as the actual rodeo's over. Cuz that's what I came, came there to see anyway.

KEVIN

Right.

CRAIG

I wanna watch that and I wanna get outta there.

KEVIN

Yeah.

CRAIG

So it makes it a little bit easier because I'm not having to stand in all that nonsense traffic whenever I was trying to get outta there.

KEVIN

Right.

CRAIG

Um, but even then, man, like it, and, and all the news stories coming out this year about it just, I think amplify my point. Dude, people get stupid at the rodeo.

KEVIN

It's been crazy. Like I, I've seen so many fights.

CRAIG

Yes.

KEVIN

And so many ridiculous things that have happened. Like, I, I don't know, it, it brings the worst out in people, I guess. I mean, I, I, I think anytime you get that many people from all different walks of life, um, together for, for something like that, yeah, it can get crazy.

CRAIG

I, yeah. So it's, I, I, who knows what it, what the issue is, man, but it's, it, It's been crazy the amount of fights that have happened.

KEVIN

Right.

CRAIG

And I don't know if it's just because people are just more apt to record those things and publish those things now. Um, but I don't remember it being like this in the past.

KEVIN

Sure.

CRAIG

I remember there being fights, but not on this scale.

KEVIN

Yeah.

CRAIG

Um, so it's, it's been nuts.

KEVIN

But, uh, do they ever do the PBR here in Houston?

CRAIG

They do, man. Yeah.

KEVIN

That would be fun to go to.

CRAIG

I think they do it at, um, I don't know what they call it where the, uh, Rockets play.

KEVIN

Oh, the, the Toyota Center.

CRAIG

I think they do it at Toyota Center. Okay, cool.

KEVIN

Um, I would love to do that.

CRAIG

Which is a great venue for that.

KEVIN

It's a great venue. It's a little bit smaller.

CRAIG

Yeah. I mean, that's what I mean for PBR.

KEVIN

Yeah.

CRAIG

It's, it's fantastic.

KEVIN

Yeah.

CRAIG

Um, so, and there's, there's other rodeos that come through, through, I mean, like they're fixing to have the Montgomery County Rodeo, which is a big rodeo.

KEVIN

Yeah. And it's a, that, that venue is really great. Yeah. It's a really great, I've seen monster trucks in there.

CRAIG

Oh, really?

KEVIN

Yeah. That was fun.

CRAIG

So that, that's actually one I'm thinking about. Uh, I got invited to join a committee over there for the— and that, that, that actually interests me because it's in my backyard.

KEVIN

Yeah.

CRAIG

Um, and it's more local. Yeah. I mean, my dad's been doing Houston Livestock Show for 20-plus years.

KEVIN

Sure. Um, they're there tonight, aren't they?

CRAIG

They were there today.

KEVIN

Today. Okay.

CRAIG

Um, my mom actually called me, uh, because they were— they, they spent the whole day down there today. And she goes, I think I know where all the fights are breaking out. And I was like, why? And she goes, I went to Chick-fil-A to get a drink and it was a Coke Zero. It was like a 12-ounce Coke Zero and they told me it was gonna be $9.

KEVIN

Oh.

CRAIG

And I was like, yeah, that pissed me off too.

KEVIN

Yeah. I'll hit anybody. Yeah.

CRAIG

You know how much I paid for this thing?

KEVIN

Wait. Yeah. Back up.

CRAIG

Yeah.

KEVIN

I think I own part of the rodeo.

CRAIG

So, um, and she said that kid, he's like, no matter what it was, it was $10. A chicken sandwich, $10. Coke, $10.

KEVIN

Wow.

CRAIG

Yeah.

KEVIN

Goodness.

CRAIG

So, but anyway, we, we had the, the fun scandal of Lena Hidalgo.

KEVIN

Oh my goodness.

CRAIG

And if you haven't been paying attention, like, it got— it made national news.

KEVIN

Yes, it did.

CRAIG

So our beloved Harris County Judge Lena Hidalgo was escorted from the premises of the Houston Livestock Show. And I forget what— I didn't even know the artist that they were there to see. It was some girl wearing some Pink thing. I don't know, playing a pink guitar.

KEVIN

It wasn't Pink.

CRAIG

It wasn't Pink?

KEVIN

No, I didn't know who it was.

CRAIG

No, you was— it wasn't the artist Pink.

KEVIN

It wasn't Pink.

CRAIG

No, I think her name starts with like an M or something like that. Megan—

KEVIN

Is it Meghan Trainor?

CRAIG

No, it wasn't Meghan Trainor.

KEVIN

I don't know, I'll go look.

CRAIG

Um, anyway, it was, it was like the pop night that they, that they had there. And I mean, for, for those of you that haven't heard the story, Lena Hidalgo had these guests with her. Uh, it was the family of like a fallen soldier and, and some other folks. Um, Megan Maroney. Megan Maroney.

KEVIN

There we go.

CRAIG

I don't even know who that is. Who's that? Do you know a song by her?

KEVIN

No.

CRAIG

Okay. Um, so anyway, Lena, there are, um, special tickets that you can buy at the rodeo for when the concert happens. You can actually go down through the chute and be on the floor for the concert, right? So she wanted to go down on the floor, didn't have any tickets. And so they kindly asked her to leave.

KEVIN

Mm-hmm.

CRAIG

Um, and she didn't want to. And, you know, it just, it just blew up. And, and, and I think part of what everyone needs to understand is she had been given $9,000 worth of tickets for the shoot for previous rodeo shows this year already, over $9,000 worth of tickets. Which those tickets are about $450 a pop. So you can kind of do the math. She'd been given a lot of tickets.

KEVIN

Yeah.

CRAIG

Also, also, she didn't have— you have to have like a wristband to get down on the floor.

KEVIN

Okay.

CRAIG

And that's your— that's how they know you have a ticket.

KEVIN

Sure.

CRAIG

So she'd been able to do this. And so I can imagine her mindset being like, well, I've been able to go every other night.

KEVIN

Sure.

CRAIG

I'm the county judge. Surely they'll just let me in because of my special guests.

KEVIN

Right.

CRAIG

Well, they didn't.

KEVIN

No.

CRAIG

And so then she throws a hissy fit.

KEVIN

To say the least.

CRAIG

And you— she released the recording of the conversation.

KEVIN

Yeah.

CRAIG

Which did not put her in a good light.

KEVIN

No, it didn't.

CRAIG

Um, she basically starts accusing everyone of like manhandling her, and I'm gonna go get proof that this guy pushed me. And so then she releases this letter and She asks for— her attorneys ask for footage from the Houston Livestock Show and Rodeo. They give her the footage. She says that's not good enough. So she goes down there to see the footage and she comes out and she says, well, I think it's time to put this whole thing to rest. You know, and like, just like she accused them of like racism and bigotry and like just all this stuff.

KEVIN

Yeah. And obviously there's no video evidence of any of that.

CRAIG

Yeah. She literally says there was no good angle to determine what I wanted to see.

KEVIN

Yeah.

CRAIG

Which means it either didn't happen or the footage is bad. Who knows? Who knows?

KEVIN

Who knows?

CRAIG

I mean, I'm sorry, you were trespassing.

KEVIN

Uh-huh.

CRAIG

I don't care who you are.

KEVIN

No.

CRAIG

If you're trespassing, I'm not saying it's appropriate, but they're well within their right to manhandle you out of that place.

KEVIN

That's true.

CRAIG

So also, I think it's good to keep in perspective that because she is the Harris County judge, she has— was given an honorary position with the livestock show and rodeo as like a chairman or something like that, of which the benefits are she has a suite every single night of the rodeo.

KEVIN

This is just like, so go to your suite and shut up.

CRAIG

Yes. Like, no, no one cares that you didn't get into the shoot that night. Shut your mouth and go eat your churros.

KEVIN

Right.

CRAIG

In the suite.

KEVIN

Right.

CRAIG

And enjoy yourself.

KEVIN

And they're gonna have really like, where you will see it on TV is in your suite. Yes.

CRAIG

And it'll probably sound pretty good.

KEVIN

It probably will.

CRAIG

But what the hell?

KEVIN

Well, again, I— there's so many people in the world of all walks of life that feel privileged about who they are. And she obviously felt like, well, I can just do whatever I want to. And here's what's interesting to me, and again, you've probably read more about this than I have, but what I've seen, it's basically the Houston Livestock, uh, the rodeo committee who was like, no, you're not. This isn't happening.

CRAIG

Yeah.

KEVIN

So, like, the people, they— They weren't singling her out.

CRAIG

No.

KEVIN

They were just going, you don't have the credentials to be here.

CRAIG

Well, like, let's, let's be clear. The Houston Livestock Show and Rodeo exists to raise money for kids' scholarships.

KEVIN

Right.

CRAIG

That's the whole purpose of the organization.

KEVIN

Yep.

CRAIG

It's a massive organization. It raises lots of money.

KEVIN

Yes.

CRAIG

But one of my clients just spent $1 million to buy a goat. I mean, this is, this is, I mean, like, and it's, it's considered an in-kind donation. I don't think he's actually gonna keep the goat. Sure. You know, but like, that, that's what you do there. If you got, if you got money, you go spend a bunch of money on a sheep or a cow or like whatever.

KEVIN

And if you go to the convention center and go in there, you'll see thousands of students. Yeah. That are showing their animals through FFA.

CRAIG

Mm-hmm.

KEVIN

And, uh, my nephew is one of those. kids. And, and he comes to the Houston Livestock Show every year.

CRAIG

Yeah.

KEVIN

In hopes of getting some scholarship money.

CRAIG

Yeah.

KEVIN

It's a, it's a great thing.

CRAIG

It's a great opportunity to get scholarship money. It is for those FFA kids. And so how do they do that? Big part of that is ticket sales.

KEVIN

Mm-hmm.

CRAIG

That show was sold out. Yeah. And so her demanding not just a ticket for herself, but for, I think she had like 6 other guests with her.

KEVIN

Okay.

CRAIG

So we're, we're, we're chasing in the neighborhood of like $3,000 that she's taking out of the hands of students, right, for their, for their scholarships, right? And I, I don't know why anybody else isn't framing this conversation in that manner, right? Like she, she's demanding things for free that literally takes money out of the hands of kids. And I doubt— and she's, she's not paying for the suite. No, that's just given to her by the, by the county.

KEVIN

Right.

CRAIG

Or by Houston Livestock Show. I, I don't know who gives it to her. Maybe the county pays for it. She ain't paying for it.

KEVIN

Yeah.

CRAIG

So just go to your suite and shut up. By the way, which she can't because they took it away.

KEVIN

They took that away too.

CRAIG

They took it away. Yeah.

KEVIN

Which they should have. You know who Mark Keough is? Oh yeah.

CRAIG

So he's, well, he's the county judge for Montgomery County.

KEVIN

Correct. Yeah. He posted on Facebook. Mark's safe from being arrested and think it's a livestock show. This is pretty funny.

CRAIG

Well, I mean, since, since this has all happened, Paul Bettencourt has called for her resignation.

KEVIN

Yeah.

CRAIG

There was another guy today that called for it. I can't remember who that was.

KEVIN

All the, all the Republicans.

CRAIG

Probably. Probably.

KEVIN

Yeah.

CRAIG

And, and county, county judge is like a weird I don't know if people understand how that actually works. They don't actually like preside over cases.

KEVIN

Right.

CRAIG

So they're like, they're more in charge of like emergency and disaster relief. Mm-hmm. Um, so kind of a, kind of an interesting position anyway.

KEVIN

Well, she, uh, she should have thought before she got dropped off that night. Dude.

CRAIG

So it's crazy. Yeah, it's crazy.

KEVIN

I agree.

CRAIG

So, I mean, I, I imagine this will affect election.

KEVIN

Oh yeah.

CRAIG

I don't know if that's coming up in November for her this year.

KEVIN

Like, there, this is the kind of thing that there's not anybody, I don't care who you are, there's not anybody that goes, you know what? She was treated unfairly.

CRAIG

I, I really wanna, I really wanna hear from somebody that thinks she was done wrong. Well, I wanna, I wanna like, not because I wanna, I wanna fight with 'em.

KEVIN

No. Give me your perspective. Yeah. I wanna, I don't have it. Yeah.

CRAIG

Maybe I'm missing something. I don't think I am. I think I'm dealing with, like, a privileged young person that got into a position of power and thought she could do whatever she wanted and threw a hissy fit when she found out she couldn't. I—

KEVIN

if you go look online right now at any news media outlet, they're not framing this in a positive light. No, every one of them.

CRAIG

Well, I mean, the story started in Houston. The Houston Livestock Show and Rodeo is an institution that is Like, I'm not saying it's like above reproach. I mean, it's not like there's not stuff that doesn't go on with the rodeo. I'm sure there's mishandling of funds. I'm sure there's stuff that goes on with the rodeo.

KEVIN

Sure.

CRAIG

But as an institution, good luck.

KEVIN

Yeah.

CRAIG

I mean, people love the rodeo because of what it is. It's not just a rodeo. It is a scholarship funding organization.

KEVIN

Right.

CRAIG

And it does a lot of good.

KEVIN

That's right.

CRAIG

And look, People make a lot of money at the rodeos.

KEVIN

Yeah, they do. They do.

CRAIG

Chick-fil-A apparently being among the chief beneficiaries. Yeah.

KEVIN

Yeah. They're clo— they're, they've decided to close all of their locations and just go to the rodeos for about 4 weeks.

CRAIG

Guys, we're selling Cokes for $9. I don't know what you're getting up here, right? But it, it ain't enough.

KEVIN

Right? Ain't enough. Oh my goodness. Oh, it's crazy. Oh, it's crazy.

CRAIG

So, but what else are we gonna talk about?

KEVIN

Anything?

CRAIG

We've got— there's, there's a bipartisan bill that they're talking about pushing through, and it is Tim Scott and Elizabeth Warren that are authoring this thing. And it's the 21st Century Road to Housing Act. Kind of an interesting one. They're trying to do a lot of stuff. Some of it seems kind of— there's— so, like, there's 2 different things. There's, like, the Road to Housing section, the Housing for the 21st Century section, and the 21st Century Road to Housing section. So there's like, there's 2 different things.

KEVIN

Okay.

CRAIG

And then there's like a combined bill. And I think the combined bill is the bipartisan one. The big headline in this one is a Trump initiative that's being pushed through to limit the amount that financial institutions can own residential properties.

KEVIN

property. Oh.

CRAIG

Which has been a big thing. A lot of people think that's the reason and like the sole reason that people can't afford homes right now is that it's like organizations like BlackRock has been buying so much residential property that it's reduced the inventory and they're not like renting it. They're not just, they're just holding it.

KEVIN

Right.

CRAIG

And it's in, it's increasing the cost of homes because they're, the inventory's short.

KEVIN

Right.

CRAIG

And so this, this bill is looking to tackle that, what I'm calling the perceived problem. I'm not saying it's not a problem. I just don't think it's like the boogeyman that everyone thinks that it is.

KEVIN

Sure.

CRAIG

Um, so I mean, because we've, we've had moments in history where we've had just as little inventory as we have right now. Yeah, it's, it's part— I think it's part of a natural market cycle. I do think that they are manipulating it to some degree, but I just don't think they can manipulate it that much.

KEVIN

Yeah. Yeah, it is.

CRAIG

And people are going to hate on me about that and I don't care. It's just, it is what it is. I mean, I'm fine with this being a thing because I don't see the value in institutions like BlackRock being able just to hold endless amounts of residential property.

KEVIN

Which isn't fair in so many reasons. I think that what's interesting though is like, just anecdotally, there's a number of properties available in my neighborhood that had been there for 3, 4 months.

CRAIG

Yeah.

KEVIN

And so it is, it is interesting. While it is true there's still low inventory, uh, there's still stuff that's sitting on the market for a long period of time.

CRAIG

Yeah.

KEVIN

So I don't really know what that ultimately kind of filters out to, but yeah.

CRAIG

So, I mean, but the other stuff in the bill, I don't know that it's bad, but it's just like, so like housing counseling and financial literacy programs. I'm like, okay, why aren't we doing that in schools? Yeah. Aren't we paying for schools?

KEVIN

Isn't that what schools are supposed to be doing?

CRAIG

They should be. They're not. No.

KEVIN

You get to—

CRAIG

anyway. Yeah. So increase housing Housing and Opportunity Zones, meaning they're going to provide grants in areas that the HUD designates as opportunity zones.

KEVIN

Okay.

CRAIG

Whole Home Repairs Pilot Program. Again, grants that can be issued to repair homes either through grants or loans that you don't have to pay back.

KEVIN

I mean, well, if you drive through some of those areas, they need that. Really. I mean, I mean, they do. Someone's— because here's the problem. No one's gonna get the work done. Mhmm. If you don't.

CRAIG

This, this, this is, this is where I, I get, I get into muddy water with the whole limiting investors, investment institutions being able to buy these properties. Because that's when financial institutions like that can be really valuable to a community that they can come in buy distressed properties, fix them up, and then set— and then hand them off to people so that they can actually be livable again.

KEVIN

Yeah.

CRAIG

Um, and, and they're gonna make a profit, and there's nothing wrong with that.

KEVIN

Shouldn't they be able to?

CRAIG

Absolutely, they should. So this, this is where to me it gets— it's like, okay, yeah, that's true, we need that, but there's probably actually people who are willing to do that.

KEVIN

Yep.

CRAIG

Um, with, with their investment, and there's probably— there's people who are really good at it. Um, But there's, there's other factors in there, right? Because, I mean, you can make— you can repair a broken house and make it look nice again, but it doesn't matter if you're going to get shot at every Wednesday. I mean, I mean, it's just the reality of the situation, right?

KEVIN

Right.

CRAIG

There's a reason sometimes that they're run down.

KEVIN

You still don't want to live there.

CRAIG

Because they've— those neighborhoods have been taken over by thugs.

KEVIN

Right.

CRAIG

Um, so anyway, there's lots of things that are in this, and I think the main headline of it is going to be, hey, we're going to limit the amount that these institutions can hold residential property. And I think, I think for a majority of America, they're gonna go, that's a good thing. We need to do that. And I'm going, did you look at the rest of the stuff that they're gonna be spending money on?

KEVIN

Like, did they kind of weasel in there?

CRAIG

Every time.

KEVIN

Every time.

CRAIG

And so, and this, I'm, look, this is, this is a Republican and a Democrat, you know, bipartisan bill.

KEVIN

Joint.

CRAIG

Yeah. But like, I'm never in, I, I just don't like government programs in general. I don't think that they're really effective at doing the thing that they say they're going to do.

KEVIN

Well, so often they benefit such a small number of people, uh, because, well, I mean, we, we, we've, I've said this before and this is just, I, I understand the reason behind it, but like, if you told me today, Kevin, you need to, like, you're losing everything. You have to go on food stamps. I wouldn't know where to go.

CRAIG

Me either.

KEVIN

I have no clue. The people that do, they know exactly where to go. They know exactly how long before they can go back. They know when to do it. They know what times, they know what days, they know what intervals. They know everything about the system because they've learned how to work the system.

CRAIG

At one point in time, they didn't know.

KEVIN

Sure. They had to figure it out.

CRAIG

Yeah.

KEVIN

But my, I guess my point is, So often these government programs benefit only the people that are willing to jump through whatever hoops and try to get whatever they need to. And, and it doesn't benefit ultimately the people that it really needs to, or it also doesn't benefit everybody. So it, it, I, I hear what you're saying. There's pros and cons. I just wish, and I, maybe I should not wish, I hope.

CRAIG

Mm-hmm.

KEVIN

That if this gets pushed through, that it does what it's supposed to.

CRAIG

It won't. It won't.

KEVIN

It just won't.

CRAIG

I mean, like, look, you could— there's like 1, 2, 3, 4, 5, 6, 7, 8 programs that they're talking about adding, and a lot of it is just giving additional power to HUD. Mm-hmm.

KEVIN

Um, I— That you can't take back. Yeah.

CRAIG

I'm like, just pass the one thing.

KEVIN

Yeah, just do it.

CRAIG

Yeah. Pass the one. If you really think it's that bad, pass the one thing.

KEVIN

But they won't.

CRAIG

They won't.

KEVIN

They want all the things.

CRAIG

So, but like, and like, again, like these are the same people that everyone's so suspicious of with the Epstein files dropping.

KEVIN

Oh yeah.

CRAIG

And people going like, why? Now, how is it that like all these congressmen are able to get like 87% returns on all their investments? Okay, but you're gonna trust them to like fix housing?

KEVIN

Yeah. No.

CRAIG

I don't think it's gonna happen.

KEVIN

No.

CRAIG

Again, I think we're gonna see some, I think there's a lot of messed up stuff. I think we're gonna—

KEVIN

Yeah.

CRAIG

I do think we're gonna have another 2008.

KEVIN

Sure.

CRAIG

Pretty soon.

KEVIN

Yeah.

CRAIG

I don't know what it's gonna look like, but I mean.

KEVIN

Well, something's gonna come to a head.

CRAIG

There's too much noise and there's, you know, there's too much stuff happening on the world stage that, is probably distraction from the mechanics of our economics right now.

KEVIN

Yeah.

CRAIG

That's usually, I mean, in my opinion, that's usually what's going on is like there's a distraction. We have a problem. We don't want people paying attention to that problem. And so in order to do that, let's go bomb the bejesus outta somebody.

KEVIN

Oh my.

CRAIG

So, but we're not that program. So, but I will say this, You and I have talked many times about housing affordability.

KEVIN

Yes.

CRAIG

And it's one of the biggest complaints that we hear from people when we post things about, you know, like how maybe you don't need the house that you think that you deserve.

KEVIN

Sure.

CRAIG

Ms. Hidalgo. You know what I mean?

KEVIN

I do.

CRAIG

So And people come at us all the time and it's like, well, in my part of the country, it's this much. And I'm like, okay. I never respond to these people because it's just a never-ending cycle of excuses. But like, why do you live there?

KEVIN

You made a choice.

CRAIG

Do you have to live there?

KEVIN

No. Well, most likely not.

CRAIG

Most likely not.

KEVIN

Sure.

CRAIG

Could you find a job in a more affordable part of the country?

KEVIN

Yeah.

CRAIG

You don't want to.

KEVIN

Right.

CRAIG

So I'm sorry.

KEVIN

Yeah.

CRAIG

There's more affordable parts of the country where you could probably make the same money and pay a lot less for housing.

KEVIN

Or maybe make more money. You never know.

CRAIG

Or figure out how to be more valuable.

KEVIN

Yeah.

CRAIG

It's, look, and in the meantime, rent.

KEVIN

Rent.

CRAIG

If you, if you have to live there and you want to live there, that's fine. I'm not gonna tell you that you have to move.

KEVIN

Sure.

CRAIG

But don't cry to me about housing.

KEVIN

Right.

CRAIG

Because you're telling me like the only thing around you, the lowest, the cheapest thing you can get is $400,000.

KEVIN

Bull.

CRAIG

So, which, yeah, I, I, I say crock on that one too, because you're just not look— you're looking for what you want.

KEVIN

Right.

CRAIG

Not what you can afford.

KEVIN

Right. The only— these superlatives you're using are probably not—

CRAIG

Yeah. Give me, give me the zip code and I'll send you some listings. Right.

KEVIN

Exactly.

CRAIG

I was, I was talking with a customer today that lives on 4 acres.

KEVIN

Okay.

CRAIG

And I was just talking to her about her property. She's got goats and chickens and, I mean, she's just happy as all get out.

KEVIN

Sure.

CRAIG

And it's not a super nice house, but they've been doing a lot of work on it. It's gonna be, it's gonna be nice by the time they're done with it. And she said, we've lived here for 7 years now. And I said, that's awesome. And she goes, you know what we paid for this place? And I said, what? She goes, $87,000.

KEVIN

What?

CRAIG

And I was like, you got to be kidding me. And she goes, no. She goes, the man that lived here before, he lived here for 5 years. and got foreclosed on. Wow. And we picked it up as a foreclosure.

KEVIN

Oh my goodness.

CRAIG

Cost us $87,000.

KEVIN

Unbelievable.

CRAIG

And she goes, now in 2020, my taxes were $3,000. And in 2021, they doubled them. And in 2024 or 2023, they doubled them again.

KEVIN

Oh my goodness.

CRAIG

And she goes, so the taxes are are not great, right? They keep going up and up.

KEVIN

There are fourths of the cost of the—

CRAIG

she goes, oh, and like, I mean, like, to be fair to the county, like, there's no way that that place is worth $87,000.

KEVIN

No, of course not.

CRAIG

It's worth a lot more than that now.

KEVIN

Sure.

CRAIG

Um, and so, and, and she, that's what she said that too. She's like, I didn't fight it because like it wasn't unreasonable what they were asking me to pay based off like what I thought the place was worth. Sure. But like, this is not far from you and me.

KEVIN

Mm-hmm.

CRAIG

And she's on 4 acres with a 3/2 house.

KEVIN

Okay.

CRAIG

That needed to be fixed up.

KEVIN

Sure.

CRAIG

But she paid $87,000 for it 7 years ago. So, like, don't tell me that you can't find something.

KEVIN

Yeah.

CRAIG

Don't tell me that there's— they're not out there. They're in places that you don't wanna live.

KEVIN

Mhmm.

CRAIG

They're styles that you don't want.

KEVIN

Right.

CRAIG

They are amenities that you don't want.

KEVIN

Yep.

CRAIG

It's in a— like, there, there's all these things, and you've, you've put all these limits around what you can afford because you've decided that I have to have this.

KEVIN

Right.

CRAIG

And everyone just needs to, if you really wanna buy a house and, and it's like, it's that important to you. Mm-hmm. Then, like, I'm sorry, damn the details. Just find the, find the one that you can afford.

KEVIN

Right.

CRAIG

And build equity, save, which I'm not, look, when we say that a house is basically a savings account.

KEVIN

Oh, and it's a really good one.

CRAIG

It's a good savings account.

KEVIN

Yeah.

CRAIG

So like, find the one that you can afford.

KEVIN

Uh-huh.

CRAIG

Save your money.

KEVIN

Right.

CRAIG

Meaning build your equity.

KEVIN

Yep.

CRAIG

And then in 4 to 5 years, go shopping again.

KEVIN

Do it again.

CRAIG

Like, it's not hard.

KEVIN

No.

CRAIG

And this is— but like, here's, here's the crazy part is in 4 to 5 years, you might look at where you're at and go like, you know what?

KEVIN

I really like this place. It's not bad. It's pretty good. Yeah. Yeah. And, and there, look, We've, we've never lived in a really large home, not in comparison to what a lot of people live in, right?

CRAIG

We, like, you talking about you and me?

KEVIN

Well, really just you. Me specifically.

CRAIG

You're just speaking for yourself.

KEVIN

Okay. Yeah.

CRAIG

Um, I'm not saying I have. I'm just—

KEVIN

no, my, my family, um, you know, the, the largest house we've ever lived in was 2,400 square foot. We live in 2,200 right now. The first one we ever lived in was, uh, 1,850. Um, you, you can get away with whatever you're in. I mean, I remember whenever I was young, we lived in a— there are 5 people in my family. We lived in a, a 2-bedroom home that was about 1,200 square foot. There was 1 bathroom in there.

CRAIG

And that's what my house is listed at.

KEVIN

What?

CRAIG

And I am not disputing it.

KEVIN

No, I wouldn't either. Um, but like you, I mean, 2-bedroom, 1-bathroom with 5 people.

CRAIG

Yeah.

KEVIN

Most people would go, that's insane. Mm-hmm. That's ridiculous. How could you possibly do that?

CRAIG

Well, we did. We did.

KEVIN

We just figured it out.

CRAIG

Yeah.

KEVIN

And And we were okay. And it's what, what our family could afford. It's what our family had. And we were, we were happy to have a place to live. Mm-hmm.

CRAIG

And when you, when you're a kid, we didn't keep, we didn't even know.

KEVIN

Yeah.

CRAIG

You didn't know.

KEVIN

No.

CRAIG

You didn't know any different.

KEVIN

No. That's just, it is.

CRAIG

It was your normal.

KEVIN

It's, it was our normal. And so, look, I'm not, I'm not saying that it's, that there's anything wrong with, with having a large home. There's nothing wrong with it. In fact, it can be great, especially depending on how you choose to use that, that home. Right. Yeah. But I, I mean, even, even still, like I, I would, I would take my smaller house on 3.5 acres that we have right now over a large house on a one, you know, like an 8,000 square foot lot.

CRAIG

Oh yeah.

KEVIN

Yeah. Any day, any day I would take that.

CRAIG

I just need to be able to go out in the yard and pee.

KEVIN

Exactly. Yes, exactly. And I could do, I mean, that was, that was the first year of my son's life at our house.

CRAIG

That's awesome.

KEVIN

It was so great. He was like, I gotta go pee. And he had run out the back door. We're like, all right. And what's hilarious is we've got like, you've seen it. There's like, as you come on our property, there's like an outhouse. It's, it's, it, it has tools in it. Like there's, it's not an actual working outhouse. But he, he would go behind the outhouse.

CRAIG

There you go.

KEVIN

So funny.

CRAIG

Just naturally know.

KEVIN

Yeah, exactly. But anyway, at least he went behind something. He went— he did. He did. So, well, look, we'd love to hear your thoughts on any of this.

CRAIG

Also, if Lena Hidalgo's suite is available, we are open.

KEVIN

Sure.

CRAIG

To, to handle that.

KEVIN

Yeah, we can. Situation for her. We can occupy it.

CRAIG

Yeah.

KEVIN

At least for the next week.

CRAIG

We'll be very respectful.

KEVIN

Yeah, of course. Um, yeah, we won't ask for more than we've been given.

CRAIG

No.

KEVIN

Not at all.

CRAIG

Why would we do that? That would be the most—

KEVIN

especially whenever you have that.

CRAIG

Yeah.

KEVIN

What else do you need?

CRAIG

I don't want to be like around people.

KEVIN

No, of course. Exactly.

CRAIG

That's the whole point of the suite, right?

KEVIN

Yes. And we'll take the parking pass anyway.

CRAIG

Um, it would be funny if we could get into— dude, I would, I would do it. We should do a live show from the Hidalgo Suite.

KEVIN

Oh.

CRAIG

Yeah.

KEVIN

Anybody who wants to make that happen, just hit us up.

CRAIG

We should reach out to Julie and see if she can hook us up.

KEVIN

You think she might?

CRAIG

I don't know.

KEVIN

It's worth an ask. Look, there's no harm in asking for things. The worst thing that you can be told is no.

CRAIG

Yeah.

KEVIN

And I have been told no many times.

CRAIG

I've been, yeah.

KEVIN

Yeah, because I like to ask. I don't mind asking.

CRAIG

I don't mind asking either.

KEVIN

But look, if you can help us out with this, info@homeownersshow.com, you can—

CRAIG

We will promptly reply.

KEVIN

Well, sure. Yeah. Look, we, we handle other people's things with care. We just do.

CRAIG

And respect.

KEVIN

And respect.

CRAIG

And dignity.

KEVIN

That's right.

CRAIG

Yeah.

KEVIN

And, uh, if you want some more dignity in your life, then you should share The Homeowner Show with somebody that you love. Even if you don't love them, share our show. We would appreciate it. If you haven't already, go on iTunes or Spotify, wherever you listen, to, uh, your podcast. Leave us a 5-star rating and review, and, uh, follow us on Facebook, on YouTube, Instagram, all the places. And, uh, we appreciate all the time that you listen to us. Until next time, we'll see you later.

CRAIG

See ya.

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