Podcasts about Bally

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about top stories including the potential impact of tariffs on the Chicago housing market. Plus: Who's up and who's down as the city's aviation team reshuffles O'Hare gates, Bally's parent makes a play to bail out Australian casino operator, Sterigenics finalizes $30.9 million settlement in Willowbrook emissions cases and the Trump administration freezes $790 million in federal funds for Northwestern.

Support the show and join the private discord server: ko-fi.com/wedgeheadpodcastOn this episode, we have a listener from the New England area Josh who wants to talk about the first Dungeons & Dragons pinball machine released in 1987 by Bally.  It's a famously hard game with very weird inlanes, so it should be no surprise that it is not well loved by most pinheads.But Josh came on to set the record straight, and respond to all the haters.Warning: We swear on the show.  Always have and always will.Support the show

Donald Trump’s tariffs shattered Wall Street, and have increased the threat of global recession, with global markets, including the ASX suffering. MARKET WRAP: ASX200: down 4.23%, 7,343 GOLD: $3,046 US/oz BITCOIN: $127,575 AUD Commbank down 6.2%, Westpac down 5.6%, NAB 4.5% and ANZ 4.8% Mineral Resources off 11.8%, South 32 down 7.8%, and BHP falling 6.1%. Woodside Energy announced it would sell a $9.5 billion stake in its Louisiana LNG export terminal, but with the Energy sector down, still lost 5.8% to $19.25. Santos was worse off, falling 9.8%. Telstra dropped just half a percent, Sigma Healthcare fell 2.4% and Wesfarmers sank 4.9% Abacus Storage King might have got away with one today, with shares surging more than 20% to $1.40 after a takeover offer worth almost $2 billion was hurled their way. Challenger rose 7% after it told the market life insurer, TAL Dai-ichi Life, would take control of 15.1% of the company. While also flying in the face of market fear were Reece, up 3.7%, Wisetech Global up 2.2%, and CAR Group, up 1%. Star Entertainment which agreed to hand control of the casino group to the US-based Bally’s Group in a deal worth $300 million CURRENCY UPDATE: AUD/USD: 60.08 US cents AUD/GBP: 46.7 pence AUD/EUR: 54 Euro cents AUD/JPY: 87 Japanese yen AUD/NZD: 1.07 NZ dollars See omnystudio.com/listener for privacy information.

Crain's residential real estate reporter Dennis Rodkin talks with host Amy Guth about the local housing market, including a report that shows how home prices here have changed in 25 years.Plus: Report finds Illinois home insurance premiums jump 50% in three years; Fitch downgrades Bally's, citing 'execution risk' at Chicago casino; Rahm Emanuel returns to investment banking; and Linden Capital closes new health care fund with $400 million.

Treasurer Jim Chalmers announces surprise tax cuts in the Federal Budget, Labor promises to ban supermarket price gouging. Plus, Bally's $250 million bid for Star Entertainment.See omnystudio.com/listener for privacy information.

Want more MTM Vegas? Check out our Patreon for access to our exclusive weekly aftershow! patreon.com/mtmvegas Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories This week we learned of yet another huge Strip hotel/casino proposal that is coming down the pike. This one is very close to the new A's stadium and has a chance of actually getting built, but what will it entail and how many proposed projects do we have now? In other news we explore the once proposed 1,888 foot tower for the old Wet 'N Wild/LVXP site and how it would have changed the Vegas skyline forever. We also discuss: a casino smoke hack, Shawn's recent Wynn stay using the Wynn Slots app, a cocktail server tipping experiment, Caesars sportsbook's sad bathroom, one of the coolest comps we have seen and what it looked like when the VGK skated out on the home ice for the first time. 0:00 Casino smoke “hack” 0:56 Best casino comp ever? 2:38 Free stay via Wynn slots app 5:58 The big cocktail server tip experiment 8:43 Crazy blackjack hand - You know how it will end 9:55 The truth about the “all new” Rio Las Vegas? 14:08 Caesars sportsbook bathroom issues 14:56 Nostalgia alert - Video from first VGK home game 16:00 What could have been - 1,888 tower on Wet 'N Wild site 17:35 Yet another new Strip casino proposal 19:00 Will the Skyvue “smoke stacks” ever be torn down? 20:20 Bally's or new affiliate tribes project - Which gets built first? Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with this being the audio version. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com.  You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!

Hello & welcome back to Raw Intentions! This week, we're sitting down with Denver local, and the OG fitness influencer herself—Natalie Bally.Natalie found her love for fitness and content creation in college, when she didn't quite fit into the party scene and turned to YouTube for connection. Slowly but surely, she built a following, partnered with brands like Gymshark, and created a thriving online presence. But then, life threw her a curveball—going off birth control sent her hormones into a spiral, causing major weight gain, hormonal issues, PCOS, and a complete shift in how she saw herself. Feeling uncomfortable in your own skin, when you're entire career revolves around sharing your life & your body, can be debilitating. She took a break from social media, spent years healing, and is now stepping back into the spotlight—this time with a whole new mindset. We talk about body changes, self-love, finding balance, and what it means to start fresh when the thing that once brought you joy starts to feel like a burden. It's a raw, honest conversation about growth, and I know you'll love it. XoNatalie Bally: https://www.instagram.com/nattbfit/?hl=enShop Raw & Rebellious: https://www.rawrebellious.com/Raw & Rebellious Instagram: https://www.instagram.com/raw_rebellious/Raw & Rebellious TikTok: https://www.tiktok.com/@raw_rebellious?lang=enRaw Intentions Podcast Instagram: https://www.instagram.com/rawintentionspodcast/

Spring sports are coming back, which Chad Beynon says signals the second highest betting season of the year behind the Super Bowl. He notes the variety of volatility in gaming stocks like DraftKings (DKNG), Bally's (BALY) and Caesars (CZR) around the big event. It's not just gaming stocks seeing a resurgence. Chad points to theater stocks like IMAX Corp. (IMAX) rallying ahead of the next round of theatrical releases.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Britt Brandon is an inspiration and breath of fresh air. She is on a mission to reach as many women as possible who have gone through big challenges in their lives, and wants to help them recover and live the life that they were meant for. Britt is a 40-year-old single mom of three residing in Apex, North Carolina. She is a survivor, proud woman in recovery, and powerhouse in the wellness industry! Once homeless and hopeless, she escaped an abusive marriage with nothing but her children and a determination to rebuild. Today, she stands as a beacon of resilience, using her journey to inspire and empower women to reclaim their health, happiness, and wholeness - especially those on the path of recovery. With 22 years in the wellness industry - dating back to the days of Bally's Total Fitness - Britt turned her psychology background into a mission to heal others, becoming a personal trainer, fitness nutrition specialist, DNA-based trainer, group fitness instructor, Pilates instructor, and Yoga I Instructor. Her expertise has guided over 10,000 clients worldwide, offering science-backed, sustainable strategies forlasting transformation. A prolific author, Britt has published 23 books on health, fitness, and nutrition, helping readers simplify wellness and create meaningful lifestyle changes. Her latest work, She Rises & Thrives: Loving Life in Recovery!, is a powerful guide designed to help hurting women heal and find joy beyond their struggles. As a proud woman in recovery, Britt is on a mission to help others rise above their circumstances and embrace the life they deserve. Through her books, coaching, and speaking, she continues to inspire women worldwide to step into strength, self-love, and lasting wellness - one empowered choice at a time. With an unwavering commitment to making a difference, Britt Brandon is more than just a wellness expert - she is a mentor, motivator, and advocate for women seeking transformation. Her work continues to touch lives, proving that with the right guidance, every woman has the power to rise and thrive! Resources Website Britt's book, The Only Pregnancy Book You'll Ever Need: An Expectant Mom's Guide to Everything LinkedIn Instagram YouTube

Shamus Toomey, Editor in Chief and co-founder of Block Club Chicago, joins Bob Sirott to share the latest Chicago neighborhood stories. Shamus has details on: Bally's Chicago Doubles Down On Chinatown Shuttle Service As Casino Struggles Financially: Bally's shuttles make 30 trips daily from Chinatown to the casino's front door. The strategy is cause for concern […]

Star Entertainment has been saved from failure by competing takeover bids by the US-based Bally’s Corporation and partners from Hong Kong. Find out more about The Front podcast here. You can read about this story and more on The Australian's website or on The Australian’s app. This episode of The Front is presented and produced by Kristen Amiet, and edited by Jasper Leak. Our regular host is Claire Harvey and our team includes Tiffany Dimmack, Joshua Burton, Stephanie Coombes and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.

A quiet muted start to the week with the ASX rising a modest 16 points to 7964 (0.2%) as US futures pointed to another tricky US session ahead. Banks were flat with the Big Bank Basket easing to $241.33 (-0.3%). MQG down another 0.4% with insurers looking better as Cyclone Alfred was downgraded. REITS improved led by GMG up 0.6% with some bottom fishing taking place. Industrials a mixed bag too, QAN off 1.7% and ALL down 0.5% with retail steady, APE rose 3.3% with JBH up 0.8%. Some buying in BXB and CPU with TLS off 1.0%. Tech stocks mixed, WTC off 1.1% and XRO up 0.6% with the All-Tech Index up 0.1%. Resource stocks were generally firmer, BHP rallied 0.6% with RIO doing very well up 3.1% as the capital raise looks to have been put on ice. FMG still struggling. Gold miners still in demand, NEM up 0.6% and VAU up 3.7%. MIN had a good day up 3.3% with PLS rallying too. Oil and gas stocks also finding friends, WDS up 1.9% and BPT up 4.1%. Uranium still toxic, BOE down 3.9% and NXG off 1.4%. In corporate news, GQG were off 0.9% on FUM, JLG fell 12.5% on index changes due on March 25th. SGR looks to have had a last-minute rescue attempt from Bally although it remains in a trading halt. Nothing on the economic front. Asian markets mixed, China down 0.9% and HK off 2.1% with Japan up 0.3%.10-year yields at 4.44%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

US casino giant Bally launches a surprise takeover bid for Star Entertainment, tariffs hit global markets threatening Australia's budget. Plus, rental affordability hits record low. See omnystudio.com/listener for privacy information.

Want more MTM Vegas? Check out our Patreon for access to our exclusive weekly aftershow! patreon.com/mtmvegas Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories This week the long awaited Vegas F1 economic impact report came out and it was quite positive. We discuss the report, why we think it may not be accurate and what it means exactly. Plus will Vegas extend this race past 2025 and when does the F1 Grand Prix Plaza open to the public? In other news the A's began taking deposits for season ticket interest. Does this mean their stadium is going to actually get built? We also discuss free drinks on sports bets, Vegas wind, Plaza's sexy new tables, Casino Monte is a go, MGM Rewards status match, the closing of a very exclusive lounge and how Bally's seems to be in a lot of trouble. 0:00 Vegas winds bring fun 0:31 A's season ticket deposits now available 1:35 F1's 2024 economic impact is in 3:45 LVCVA wants to extend F1 past 2025 4:31 Grand Prix Plaza announces opening date 5:56 No free drinks with sports bets? 8:28 Plaza's beautiful new blackjack tables 9:01 Penn & Teller's Casino Monte officially debuts 9:38 Western Hotel on Fremont may be sold 11:55 MGM Rewards tier match offer returns 14:12 Craziest Vegas airplane video? 15:40 Westgate's newest themed suite - Lucky bunny! 17:15 Penthouse Lounge at Mandalay Bay closing permanently 18:58 Bally's earnings and stock - Big problems for Vegas casino? 20:15 Is the A's stadium going to get built   Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with this being the audio version. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com.  You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!

On the horizon, several significant events are approaching at the Henry County Farm Bureau. Mark your calendars for the first aid class on March 5th at 6 PM. Following that, crucial health checks will be conducted by the Henry and Stark County Health Department on March 7th. Don't forget, aspiring scholars—March 7th is the final date to apply for scholarships from the Farm Bureau Foundation. Also, women farmers are in for an enlightening experience at the Women in Ag Conference scheduled for March 28th at Bally's QC, with over 200 participants already registered. More details can be found at womeninagricultureconference.com. The t-shirt and poster contest winners will be announced soon.

Episode Notes S6E7 Join us as we chat with the amazingly talented Randy West. He'll be telling us tales from writing his books to being a voice over professional and much much more. Randy West was inspired and mentored into a career in broadcasting by legendary television announcer Johnny Olson. Armed with Johnny's classic sensibilities and professionalism, Randy was first behind radio microphones while still in his teens in suburban New York City. Once he earned his B.A. degree, Randy cast his fates to the radio airwaves on a coast-to-coast journey that eventually led to KMGG -“Magic 106” in Los Angeles. It was his stepping stone to television announcing. HELPFUL LINKS: VETERANS: https://www.va.gov/.../mental-health/suicide-prevention/ ADDICTION: https://lp.recoverycentersofamerica.com/.../continuum-of.../ Due you know someone that has lost their lives due to addiction? Or even someone that has made a full recovery? Reach out to Johnny Whitaker so they can help to celebrate the lives lost/ lives recovered at overdoseawareness0831@gmail.com Follow our guest https://randy-west.ueniweb.com/ https://www.imdb.com/name/nm1012681/ https://voice123.com/voice-actor/randywest https://www.linkedin.com/in/randy-west-a3aa4b6 Toking with the Dead: https://www.stilltoking.com/ ————————————— Follow Still Toking With and their friends! https://smartpa.ge/5zv1 ————————————— Produced by Leo Pond and The Dorkening Podcast Network MORE ABOUT THE GUEST: Randy cites his work with Bob Barker announcing CBS' The Price is Right during the 2003-2004 season as both a career pinnacle and an especially poignant honor, as it was his mentor's signature program. Randy continues his association with America's longest-running game show performing during the past 18 years in FremantleMedia's The Price is Right – Live stage show which now tours the country following successful residences in Bally's Las Vegas and Harrah's Atlantic City showrooms. In 2019, Randy expanded his casino work freelancing as a host of stage shows for Game Show America.Show, and in 2022 he was on-stage to help kick-off Sony's Wheel of Fortune-Live tour. Randy presently serves on the Board of Directors of Pacific Pioneer Broadcasters and Hollywood Media Professionals. He's actively involved as a voting member of the Television Academy, was an organizer and speaker for several years' annual Game Show Congress events, and periodically serves on committees at SAG-AFTRA. Find out more at https://still-toking-with.pinecast.co Send us your feedback online: https://pinecast.com/feedback/still-toking-with/e68411d8-dc18-463f-9531-5da50f603f89

On season 7, Episode 3 of The Art Career Podcast, Emily sits down with fashion photograher and director Brianna Capozzi in her Brooklyn, NY apartment.First published in 2014, Brianna Capozzi has been working for over a decade to make distinctive images that have contributed to a movement of contemporary female-led fashion photography. Capozzi's work places less emphasis on an ideal and instead uplifts the raw, fierce and playful that exists innately and uniquely in each subject. Her work demonstrates a fervent interest in the power, versatility, and inherent creative force of the female form.Advertising: Adidas, Agent Provocateur, Alexander Wang, Bally, Bottega Veneta, Burberry, Calvin Klein, Carolina Herrera, Cartier, Chloe, Chopard, Deisel, DKNY, Eckhaus Latta, Fenty, Frankie's Bikinis, GAP, Gucci, Jonathan Simkhai, Khaite, Marc Jacobs, Maryam Nassir Zadeh, Nike, Nordstrom, Pinko, Puma, Rare Beauty, Stella McCartney, Victoria's Secret, Skims, Zara.Editorial: All In, American Vogue, British Vogue, Beauty Papers, Blau, D Republica, Dazed & Confused, Double, Interview, M Le Monde, Marfa, Myth, Pop, Re-Edition, Vogue Italia.Published: Well Behaved Women (Idea Book, 2018), Sisters (Idea Book, 2024)Free Resource for Artists!Want expert guidance on building your art career? Download Navigating the Art World: A Comprehensive Guide for Artists—a free resource covering essential industry insights, practical tips, and more. Get it here:⁠⁠ Download Now⁠⁠Links:https://www.instagram.com/briannalcapozzi/?hl=enhttps://rep-ltd.com/artists/brianna-capozzi ⁠⁠theartcareer.com⁠⁠ Follow us: ⁠⁠@theartcareer⁠⁠ Host: ⁠⁠@emilymcelwreath_art⁠⁠ Production + Creative Direction ⁠⁠@soniaruscoe⁠⁠ Editing: ⁠⁠@benjamin.galloway⁠⁠ Join our community for exclusive updates, artist resources, and behind-the-scenes content! Sign up at ⁠⁠theartcareer.com⁠⁠ Never miss an episode! Subscribe & leave us a review on ⁠⁠Apple Podcasts⁠⁠ & ⁠⁠Spotify⁠

Keith discusses the impact of baby boomers on the housing market, noting that contrary to popular belief, many boomers are choosing to age in place. He also addresses the negative effects of gambling, particularly sports gambling, on young men, including financial ruin and increased bankruptcies. 54% of baby boomers state that they will never sell their homes.  People aged 55+ own more than half of U.S. homes. The overall population growth in the US has grown at its fastest rate since 2001, reaching over 340 million. Millennials and Gen Z, the largest generations, are driving future housing demand.  Resources: GRE Free Investment Coaching:GREmarketplace.com/Coach Show Notes: GetRichEducation.com/541 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host, Keith Weinhold. All the baby boomers are about to sell off their homes and downsize, unleashing a glut of supply onto the market, and housing prices crash. Is there cogency to that theory or not? I give you a definitive answer, the Trump bump, then later, a pernicious vice is destroying more people's lives today, especially young men and almost no one is talking about this. It's leading to lower credit scores, more bankruptcies and even more suicides today on get rich education   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com.   Corey Coates  1:25   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:41   Welcome to GRE from Hyannis, Massachusetts to Hiram, Utah and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education episode 541 just another slack jawed and snaggletoothed podcaster here now a popular, I suppose, media narrative that's been out there for a long time is this premise that US housing prices are going to crash hard because all the aging baby boomers are going to sell their homes, and Boomers are the biggest generation in all of American history. This is just going to magnify the price collapse. It means far more home sellers than buyers. So soon enough, sellers will have to keep cutting prices. Everyone's going to undercut everybody to compete with all of these for sale homes. So as a result, everybody's property values are going to collapse today. Let's look at how bad it will get. Should you get ahead of this and sell it all now and then? I'll even tell you when this popular narrative will supposedly happen with boomers selling en masse, or won't it happen at all. That's what we're looking at, the term silver tsunami. You've probably heard that thrown around in the real estate world. It actually refers to pent up housing stock that older homeowners will eventually choose to sell, which would have that effect of flooding the market with all this new inventory. All right. Now let's define what we're talking about here. Baby Boomers are the generation born just after World War Two, between 1946 and 64 that makes them between the ages of 61 and 79 this year. Okay, so basically, these people are in their 60s and 70s. That's their age. My parents are baby boomers. President Trump is at the upper age limit for a boomer, but they're not all as old as you think. I mean the youngest baby boomers include Michelle Obama, Sandra Bullock and Rob Lowe. So not all boomers are like super old, but see, it is a big generation of over 76 million people. So whatever they do really moves the economy. And maybe you've heard it been said, My gosh, what if we have more dyers than buyers? But now a more nascent trend is that you hear about more and more boomers and people older than boomers not selling their home instead wanting to age in place. And that just means they want to stay in their home and not go to a nursing home or assisted living. And that was recently quantified in a survey that Housing Wire reported on it found that 54% of baby boomers say that they'll never sell their homes, some of them passing homes along as inheritance and see often that's because their home is paid off and assisted living care costs are through. To the roof, more than half of boomers don't have any mortgage at all. All right, so we've established that boomers aren't as old as most people think, and then a lot of them aren't planning to sell. But still, let's look for trouble here, because boomers are a huge group, and some portion of them are going to sell is they age, even if a lot of them say that they won't. How about the almost half of boomers with a mortgage? You know what? Here's the thing, if they downsized, like older people have traditionally done. I mean, my grandparents downsized long ago. But do you know what would happen if boomers downsized? Today? For most, their monthly mortgage payment would actually go up if they downsized. That's because of today's higher mortgage rates and home prices. And see, that's a financial reality that keeps them in place. They're never going to downsize. All right, so a lot of boomers are just not going to sell. But still, this wave of selling boomers crashing the housing market, this has been a popular narrative for, I don't know, maybe more than a decade. Now there's been a lot of smoke, so then where is the fire. That's another way to think about this. So there's got to be more to this. And there is, in fact, people age 55 plus, own more than half of the homes in the US. Did you know that? All right? Well, if we pull back from boomers, and let's just take a look at all homeowners of every age, people are staying in their homes longer, whether they're age 30 or 50 or 80, Americans now stay in the same home about 12 years. That is twice as long as 2005 Well, what that means is that homes don't come onto the market and people cannot buy what's not for sale. And then, of course, you've got the well documented interest rate lock in effect. That's a contributor here to people of all ages with 4% mortgages, they are reluctant to sell. And now what we're talking about here are demographics. Remember that quote, demography is destiny, the three word quote from 1800s era French philosopher Auguste Comte, and that's because it's completely predictable. If you're 32 years old today, in 10 years, you'll be 42 totally predictable. All right, if demographics could possibly crash housing crisis, let's step back and see what's going on with overall US, population growth. You know what? It just grew at its fastest rate since 2001 about a full 1% growth last year, yeah, we broke the 340 million population mark for the first time ever. And now, what about the portion that our immigrants, and what if a substantial amount of them get deported? I mean, after Trump settled into the White House for his second term, deportations began almost immediately. Is there enough population growth to buy from the boomers that do sell their homes? Well, if mortgage rates come down into the low fives, then maybe more boomers will sell and bring some more resale inventory onto the market. See, you need a good chunk, though, of buyers to come in from somewhere in order to support future housing prices. Well, where are those buyers going to be? Well, some people still don't realize that the largest generation in American history is, in fact, not baby boomers, it's millennials. They became the biggest group more than five years ago. In fact, Statista tells us that Gen Z isn't far behind them either. Yeah, Gen Z is almost as big as millennials as a group coming right behind them. And of course, this varies a little bit. Demographers parse the generations somewhat differently, but here's what the rise of the biggest generation means, millennials. They're aged 29 to 44 now, and there are over 70 million of them, and then almost as big the next group right behind them, Gen Z. They're ages 13 to 28 they alone number about 70 million themselves, even if you just completely leave the surge in immigration out of the picture and all the additional housing demand that immigration brings. So we're mainly just looking at the domestic side alone here. So. What's happened is that there were 4 million plus births per year from 1990 to 2010 providing a tailwind for housing demand through 2035, 2045, or later. Yeah, we had more births during many of those years than we did in the peak of the baby boom, which was 1957 like I've mentioned on the show before, the average age of a first time homebuyer is now a record high of 38 years old, per the NAR it's really taken a long time for some people to stop playing the video games and moving out of their parents basement. Okay, well, the peak birth year for the US was 2007 I just told you it was elevated between 1990 and 2010 but 2007 was that peak, alright? So take that peak and add 38 years to it, and you know what? The first time homebuyer demand is just going to continue to build, build, build, and not even reach its peak. Then until 2045 or so, the peak birth year 2007 plus 38 years, that is where the crush of future demand is coming from because that person born in 2007 on average, they're not even going to buy their first home until well into the 2040s   In fact, the number of Americans turning 35 every single year is High, and it just keeps increasing. It's over 4 million now, already up 25% since 2011 and this number of Americans turning 35 is going to keep rising for another decade or two. In fact, this year, it's going to approach 5 million Americans turning 35 new record territory coming. And I keep bringing this up because 35 is a key age, because by that time, almost everyone has moved out of their parents home, and so that's the time where people either need to rent or own themselves, pushing up both rents and prices, and that's why this wave of demand and pent up demand is just gonna keep coming. And by the way, those stats that I gave you there, they're all sourced from the US Census Bureau. I mean, this is exactly where the housing demand just keeps coming from. It's a big factor about why prices keep going up. The demand just keeps piling on, even though affordability worsened, the demand just keeps coming. And it's just going to keep on coming well in to the 2040s now it could very well ebb substantially by, say, the middle of the 2050s but we'll see, and that is still three decades away. And remember, all of this doesn't even include the additional population growth from immigration and how many non deportees that is going to add to the housing demand on top of this, and then, if that's not enough, there is even more future housing demand expected to come from the declining number of occupants per household. Yes, the reduced household size that Stokes housing demand. I touched on this with you a little before on a prior show. But let me go deeper as we continue to corrode this more dyers than buyers. Theory, as we break this down, people have smaller families today. I think everybody knows that back in 1960 there were 3.3 occupants per household. Today, it's just two and a half. And to give you a simple example of how this itself keeps stoking the housing demand, just say that there's a village of 100 people with three occupants per household, they would need 33 and 1/3 homes over time, when that drops to two occupants per household, that's the direction we're going now that same village needs 50 homes just in order to accommodate the shift in household structure. Well, 50 homes is 50% more than 33 and a third, well, that means 50% more homes are needed, and that's even in a scenario where the population stays the same. Yet it's not staying the same, it's rising, and the population is really rising fast for that key household form. Population age range of 35 to 38 years old. Fewer Americans are living together. I expect the housing market to continue shifting toward smaller household counts. One person households will keep rising. I expect that to be one of the most impactful housing trends of this entire 21st century, and it's also really helping fuel a loneliness epidemic, which is another subject unto itself. Well, the three main drivers of this rise in single person households is that first people are delaying those major life events compared to previous generations. They're attending school longer. They're marrying later. They're buying homes later. They're having children later. And as these events are postponed, the time some young adults spend living alone or without children increases. They're playing video games longer as well. The second driver of these single person households is falling. Birth rates when people have children, many are having fewer than previous generations, reducing the average household size. That's pretty obvious. And then third the population composition is getting older. And older, people tend to live with fewer people. If life expectancy rises, this component of the trend would only intensify. Yes, the whole Brian Johnson thing, he is the health influencer that says we now have alive, the first generation that's going to live forever due to advances in longevity in technology. I mean, my gosh, if he is right, what would that do to housing demand? I mean, and it would also push up our average age even more. Gosh, yet, at the same time that all this demand keeps pushing up. America already has a well publicized overall housing shortage of several million housing units. You already know that story well, construction has picked up a little, but not enough to keep up with demand. In fact, American housing supply is still about 30% below pre pandemic levels. So suffice to say, let me give you a satisfying definitive answer here, when are selling boomers going to crash housing prices? It is highly unlikely that that can even happen at all. In fact, you see fewer stories about this than you used to. More people have come to realize that it is just not happening. And looking at us demographics over the next few cycles, a lot more people will need homes demand continuing to exceed supply. This is why home prices should just keep rising from here. In fact, I have been an active single family rental property investor here myself, single family is where perhaps the greatest shortage is and the greatest demand is at the same time I am owning something that people are definitely going to need more of. Remember, demography is destiny, and they're going to pay more and more for it. When mortgage rates fall, it's probably going to bring in even more buying activity, and now all of this continued upward, long term, future price momentum for housing, of course, that all existed before Donald John Trump step into the White House to start his second term last month. I think the Trump factor, or Trump bump, you know what often gets somewhat exaggerated for what it can do to the economy and housing prices, right? I mean, I've talked to you before, it's about the decisions that you make more so than decisions that a politician makes, but Trump is doing some things on a pretty seismic level these nascent immigrant deportations, that obviously can increase the cost of labor you're exporting away your low cost labor with immigrant deportations. I mean, that is inflation tariffs, though some tariffs have been negotiated away for the time being, that's more inflation. So deportations mean wage increases. That's more inflation. Increased wages mean increased rents. Trump talks lower taxes. Lower taxes can then mean higher rent payments. Proposals to eliminate. Made taxes on tips over time and Social Security, that means that Americans and retirees are gonna have more disposable income. More income means higher rent collections, fewer delinquencies, and potentially rising home prices as affordability improves. That's a lot of the good news. It's not all rosy news. You better look out for high tax states salt adjustments that state and local income tax and a deduction cap could harm their property values. We're talking about places like California, New York and New Jersey, the 2017 Trump tax cuts and Jobs Act that gave real estate investors some really juicy benefits, like 20% pass through deduction for LLCs and bonus depreciation on rental properties and lower corporate tax rates too. Combined this stuff, it all keeps more money in your pocket and allows for bigger deals with better cash flow.    We're talking about Trump bump factors on the real estate market here, other proposals on the table, other things like tax breaks for domestic production that could boost us construction, leading to more badly needed housing supply that could lower building costs and investment opportunities in niche in growth markets. Remember opportunity zones, and then what about targeting wealthy investors? We'll see what happens, but Trump's plan removes tax breaks for hedge funds and billionaire sports owners. But could real estate investors get hurt a little on that side too? Maybe look for changes to the 1031 or depreciation strategies. But you know, the 1031 exchange has been around for over 100 years. I would be surprised if it went away completely, and yes, though they have been postponed, if 25% tariffs on Mexico and Canada do go into place and the countries retaliate, as they've been shown to do, it would add point seven 6% to US inflation and subtract 410 of a percent from US GDP growth. Aren't those two projections Interesting? Yeah, those estimates were compiled by the Yale budget lab. So adding about three quarters of a percentage point to the overall inflation rate with these tariffs. I mean everything we're talking about the price of your housing or your car tires or your tomatoes and romaine lettuce. I mean, that effect could take money out of people's pockets. Yes, we know that Trump wants to bring down interest rates, but I don't know how he's going to do that. I mean, as you know, more inflation correlates with higher rates, not lower ones. See, you just can't get it all. You just can't have it all. And of course, mortgage rates are not historically high. They've simply been normalized after years of being artificially low. Rates are normal. So normalized is really a term that I like to use. So really, to help summarize what I've shared with you here in the first half of the show, a housing price crash induced by a boomer sell off is not a thing. In fact, almost Oppositely, demographics in this pent up demand should raise up future home prices, and to a lesser extent, a Trump bump can as well. Yes, gosh, Trump just has an insatiable fascination for tariffs. It is truly amazing, and it has more stick to itiveness than say, Mark Zuckerberg, recent fascination with masculine energy and gold chains, that's for sure.   Hey, before we get into the pernicious vice that's destroying more people's lives today, especially young men and almost no one is talking about this, it's leading to lower credit scores, more bankruptcies and even more suicides. First, I've got some cool things to tell you. About two weeks ago here on the show event, host Robert Helms of the real estate guys and I invited you to join us on the terrific Investor Summit at sea, that cruise on the Caribbean. Besides the two of us, there are a number of other great faculty members. Robert Kiyosaki recently announced that he's going to be joining us on the faculty as well. So you'll get to meet and learn from Robert Kiyosaki, and if you happen to be a new listener, he is the top selling personal finance author of all time the. Rich Dad, Poor Dad, author, and he's been our guest here on the GRE podcast four times. Now, I hope to meet you, the listener, in person on the summit at sea in the Caribbean this June, starting out of Miami. Gosh, what an outstanding time that is. It's not a low cost event, however, the minimum cabin in interior cabin is $5,900 and they are more expensive from there if you get nicer accommodations. But all the details are there on GRE podcast episode 539 two weeks ago. I really hope you'll join us and then I can meet you in person.   Earlier this month, Trump established a US sovereign wealth fund, and when he did, I congratulated our frequent contributor here, macro economist Richard Duncan, because Richard championed the establishment of that fund for years. He presented to Congress about it, and Richard was the first ever GRE guest with us back here in 2014 on the Panama coffee farm investing that we've discussed here on the show, Villanova University reached out to them, and they're now collaborating together. It's something I find kind of cool, as a Pennsylvania native and one of my tightest best friends is also a Villanova alum, as for future episodes coming up on the show. Here, imagine if you had a property loan, yet you didn't have to make any payments, and if you did make payments on your loan, then every penny of that payment goes to principal, not to interest. Wouldn't that be incredible? Well, such a thing does exist, and it's not new or experimental or avant garde. People just don't know about this vehicle. We're going to discuss that right here on next week's show, along with some other vital mortgage topics. There are three ways to connect with our education at GRE you're listening to one of them right now, our flagship podcast. Also check out our get rich education YouTube channel, because that is different content than this show. That's the second way, and that show is also on other video first, platforms like get rich education on rumble, and finally, you'll have it all, all three when you get our weekly Don't quit your Daydream newsletter if you don't already get it free now, while it's on your mind, simply text GRE 266, 86, more. Next. I'm Keith Weinhold. You're listening to get rich education.    Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS 420056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com    Oh geez, the initial average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are. Text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866.   Robert Kiyosaki  29:31   this is our rich dad Poor Dad. Author Robert Kiyosaki, listen to get rich education with Keith Weinhold and Don't Quit Your Daydream.   Keith Weinhold  29:50   Welcome back to get rich Education. I'm your host. Keith Weinhold, every once in a while, there's an investing adjacent activity that becomes. Is pronounced or become such a trend that it just can't be ignored, and you need to know about it. I recently presented on how gambling is financially derailing so many people today, especially young men and sports gambling and what makes California and Texas special here, the two most populous states, by the way, you'll see, once they legalize this, it's gonna get worse. There are two states where it's not legal yet now investing in gambling. They are two distinctly different activities. Investing is different from gambling. When you invest, you're purchasing a stake in an asset that has value in an effort to generate profit. But gambling doesn't involve taking ownership of anything of value. Instead, betters are predicting the outcome of an event gambling. It's really not a side hustle. I mean, people are constantly losing their families and businesses over this. This will be all new material here on the show as usual, except for a short snippet that includes super CPA Tom Wheelwright. This is about 10 minutes in length. Shout out to the media team here at GRE on the production side. And then after this, I have more to tell you about real estate.    Speaker 1  31:30   America is in the midst of an historic surge in legalized gambling.   Keith Weinhold  31:37   This is the worst thing that people are now doing with their time and money today, it's not losing it to inflation, it's not playing video games. It's being a slack jawed gambling degenerate. We are in the midst of an historic surge in legalized gambling, and the devastation on gamblers, especially young men is a lot worse than you think. I've also got a giant ominous warning for you that seasoned gamblers don't even know about when I bring in my CPA for just a minute here today on the seriously punishing tax implications that should scare anybody out of gambling.    Hi, I'm Keith Weinhold, get rich education, founder, Forbes real estate council member, best selling, author, and long time real estate investor. Almost 60% of 18 to 24 year olds have placed at least one sports bet now that's per the NCAA, and that has surged so fast. I mean, just less than a decade ago, major pro sports leagues shunned gambling, disassociating with it because it was illegal in most places. The big turning point was 2018 that's when the Supreme Court ended a decades long ban on commercialized sports betting. 38 states and DC have now legalized it most with minimum age requirements set at 21 and the two biggest platforms are DraftKings and fam duel. They've got about 70% of the market. But look, you can do this if you're under 21 on platforms like prize picks and flip they offer betting like experiences. They operate under fantasy sports or sweepstakes, and having these apps on your phone that just brings the gambling right to you. It keeps it in your face and addictive. Now it's like you're sitting in a casino when you're on your living room so far, or in your bed or even in the bathroom, there is no escape. Two thirds of Americans live in a state where they can access it on their phones. And look how young some of these gamblers are, what they have to say. And then who's showing up in these gamblers Anonymous meetings   Speaker 1  33:56   today's world is the 16, 1718, year olds, 1921, year olds that get addicted years ago, before, unlike casinos, if we had a person coming in and they're 24 years old, it was rare. All right, now the norm, the real norm, it's kids coming in at 17 years old. That's the norm.    Keith Weinhold  34:16   Well, one big reason why it's such a problem is, look, you can't hide it, so that therefore others can't tell if you're gambling, because you're not, you know, shooting it into your veins, or you're not acting drunk, or you're not smoking anything. See, you can gamble without exhibiting a physical change, so therefore others don't know that you need help. And it is all over the place. I mean, gambling ads air on TV over 60,000 times a year. Celebrities endorse gambling. I mean, some teams put gambling ads right on the field. Brick and mortar sports books are even built inside some stadiums now, Caesars and bet MGM. There are two other big platforms that you might see out there, but I mean, in their commercials, yeah, they can put that one 800 gambler help number on screen and tell you things like, gamble within your limits. But look, here's the thing these platforms, they're not going to cut you off if you continue to lose and they profit. In fact, if you win disproportionately big time after time, and these platforms can kind of tell that you're too smart. You know what they do, like a casino that identifies a card shark in Vegas, they're either gonna curtail your activity or just totally cut you off, alright? So then, by definition, if you have an account in good standing at FanDuel or DraftKings, and you bet a lot, and they keep letting you play well, then you have just signaled to the entire world that you don't know what you're doing, and you are going to lose big, or you already have. I mean, that is baked into the cake. That's how the system works. So therefore these companies are basically mining America to find anyone stupid enough to keep placing these sports bets. Companies are profiting from this, and then states are too. I mean, they've collected billions in tax revenue and FanDuel and DraftKings, see, they're publicly traded companies, so this means that they have shareholders, and those shareholders, they want to see profit and growth. I recently asked decorated CPA and mega popular tax author Tom Wheelwright about tax rates on gambling for just a quick three minutes here. I mean, you won't believe how punishing This is.    Can you tell us about sports gambling taxes and how it's treated   Tom Wheelwright  36:43   yeah. So remember, all income is taxable. So that includes gambling winnings. They are taxable. In fact, you'll get a 1099 just like you would if you rendered services, you know, you'd get a 1099 right? Or you have interest income, you get 1099 you get 1099 from gambling. What you actually have to show is that you actually have gambling losses. So you have to track those gambling losses to show the IRS that you've got gambling losses. But your gambling losses can never be more than your gambling winnings. In other words, you don't you never get to generate a tax loss on gambling. So that means is, is that if you win $10,000 during the year, and you can prove that you lost $8,000 during the year, you're gonna be taxed on $2,000 but if you can't prove the 8000 you're gonna be taxed on 10,000 Yeah,   Keith Weinhold  37:39   so you the gambler have the burden of tracking this, and I guess tracking your losses. I'm not a gambler. How would one track their losses?   Tom Wheelwright  37:47   Oh, I would keep a detailed ledger. Personally, I'd probably have a separate bank account just for gambling. Gosh, that's the way I would do it. I'm not a gambler either. So by the way, it's also a good way to budget your gambling so they, you know, get in trouble, right? So just set up a separate bank account, put whatever money you say, I'm comfortable with this money, I'm going to gamble with this money, put in that bank account, and then you have a ledger that shows the money that went in and the money you lost, the money you won, and don't do anything but gambling in that bank account.   Keith Weinhold  38:18   Hey, that separate account's a great way to hide it from your spouse, not that I'm suggesting.   Tom Wheelwright  38:25   Well, interesting. You went there.   Keith Weinhold  38:29   I'm not a gambler at all. Can't even believe I was thinking that far ahead. What are the gambling tax rates like? They're ordinary   Tom Wheelwright  38:35   income tax rates. So gambling winnings are just ordinary income they're they're the same as your wages. They don't have social security taxes their income, just like any other kind of income, nothing special, okay?   Keith Weinhold  38:47   And this all applies to whether it's sports gambling or general gambling, like lotteries and sweepstakes.    Tom Wheelwright  38:53   Just remember, all incomes taxable unless the government says it isn't all income, okay? And then there's some types of income that are taxed at special rates, like capital gains, but gambling has no special rate, so it's just your ordinary income rates.   Keith Weinhold  39:09   Gosh, to me, it seems like it's, it's hard to break even with gambling over time, and then when you take the tax adjusted earnings that you get from it, you know, over the long term, you know, I just don't think Harris and Bally's Casino is really incentivized to inform gamblers on how punitive this can be with ordinary income tax rates applied to gambling winnings.   Tom Wheelwright  39:30   No, but they will send you your 1090, 9g I guarantee that.   Keith Weinhold  39:34    So can you imagine tracking all that and then paying all that in tax, and this is even if you're on the winning side and then keeping a separate bank account as well. And note that Tom and I were talking federal. There. It gets even worse. Some state laws are punishing, like New York, which has a 51% tax rate on mobile sports wagering bank. Up 28% since states have legalized this and credit scores have dropped now, California and Texas are the two big states, and they still haven't legalized sports gambling. They're the two big ones, and when they do, that's when you'll see more bankruptcy and more people, especially young men in financial ruin. I mean gamblers, Anonymous meetings are filled with people hooked on betting and on stock options trading too, and you know, Worse still, among addiction disorders, gambling has a comparatively high suicide attempt rate. And you know, understand that, while both involve risk, investing in gambling are two different things. When you invest, you're purchasing a stake in an asset that has value in an effort to generate profit. But gambling doesn't involve taking ownership of anything with value. Instead, betters are predicting the outcome of an event. Now, I gambled as a teen on sports, and back then, it was just a friend and I, we would each lay a $20 bill on top of the television at the start of like a Mets versus Phillies baseball game, and then it sure made the game more interesting to watch. There wasn't any sort of app to make it easy, suck me in and make it a recurrent practice. I haven't gambled since. Now that you're aware of the gravity of the problem, the best thing you can do for yourself is to delete those apps off your phone. Because look, I mean every gambler that had their lies flipped over and turned catastrophic at one time, they told themselves, you know, I'm doing this, but it's under control. I mean, everybody once said that the best thing you can do is delete FanDuel DraftKings and any other apps like that off of your phone right now and vow to never do it again. I hope you like that. You know, it's sort of interesting and introspective to me that I would produce a piece of media like this because I am a sports fan. I watched more of the NFL this past season than I have in a while. You know, I'm in a phase of my life, or I'm a pretty productive person, doing research and interviewing guests and producing GRE media. But you know, I justified watching more sports lately because there's room for an entertainment bucket in everyone's life. That's how I feel. And you know, I don't really watch movies. Most movies I watch feel like a waste of my time when I'm done after two hours, because I'm usually disappointed in it. If I ever watch movies, I gotta watch movies on the plane, because even if it was lousy, I got somewhere in the process. So in any case, now, if gambling is controlled, well, then it might be debatable about whether or not it's a vice, like, say you go to Vegas and have your $250 spending limit or whatever.    But just remember, every gambling degenerate once told themselves and everybody that they know that they've got it under control, but yeah, often they didn't around here, we champion owning real estate directly yourself, that is something that is in your control. So we're not talking about REITs, Real Estate Investment Trusts. That's just a publicly owned company and a group of them. It's not real estate tokenization. That means owning digital fractional shares of a property or a real estate investment. I mean direct whole ownership also means it's not a syndication now that might be worth doing, though, that means that you're pooling other investors money. It's not direct whole investing. If you are investing in someone else's syndication, meaning that you're a limited partner and direct real estate investing, it means not being a flipper or a wholesaler. Again, those things might be worth doing, but they're really time consuming, and they're not tax advantaged either. But when you own rental real estate directly yourself, you don't even need to be a landlord. If you choose not to you, then will not be that point of contact for your tenants when others manage it. And yes, because of the five ways that you're paid, you can make the case that real estate has hegemony over other assets, and for the demographic reasons and the inflationary reasons, like the ones that I told you about earlier today, real estate appears poised to continue as the. Hegemon. In fact, recently, so many global hedge funds have dumped every stock that they have, except for the real estate stocks. I shared that article with you in our newsletter recently. That's largely a tariff response. Let me tell you about real properties on GRE marketplace right now that are ripe for owning directly. I mean direct ownership. That's also the easiest to understand. You are paid rent by a tenant that lives there, often through your property manager, and unlike the out of control sports gambler, this is very much in your control. A brand new build single family rental in Columbiana, Alabama, that's just south of Birmingham. Rent is $1,925 the price is $269,900 over 1600 square feet, four, bed, two bath. Now with the new build, expect low maintenance costs. Is currently vacant, get an interest rate of six and three quarters percent with a 25% down payment on this new build, single family rental in Alabama. Then another sample here. This is interesting. The rent on this old build Davenport Iowa duplex is $1,900 which is about the same rent as the Alabama single family rental I just described. But yet the price for this Davenport duplex is just $183,000 Davenport is part of America's Quad Cities with a combined population of about half a million with both duplex sides. It's a combined square footage of almost 2700 square feet, five, bed, two, bath. They're on Brown Street in Davenport, and now, as favorable as those $1,900 combined duplex rents are, since this property is vintage, in fact, it's over 100 years old, you better check closely on the renovations that were made to the property and have plenty set aside for any maintenance and repairs as well, with a 25% down payment, expect an interest rate of just six and one quarter percent. And there are more financing details there. And of course, rates are always changing. The last one I'll mention is this new build, another duplex, this one in Inverness, Florida. This is really interesting too. And now, what do you think when you think of Florida, real estate? Does climate change come to mind? For some people, it does. For some it doesn't, maybe even rising sea levels over the long term. Well, Inverness, Florida is 15 to 20 miles inland, and it's 50 feet above sea level. How about high insurance rates? Does that come to mind with Florida? Well, they're not so high on new build properties, since they're built to today's stringent hurricane standards. Is Florida temporarily over built, even though the nation, in aggregate is under built? Yes, some Florida markets are overbuilt, and that's how you could potentially snag a deal and get this with 25% down, you can get an interest rate as low as four and three quarter percent, yes, and that's showing with zero buyer paid discount points, the combined rent from both sides of this new build Inverness duplex is estimated at $2,830 of course, often you need to estimate a rent range or make an estimate on the projected rent for new builds, because often they're not occupied yet, since they were just built, sales price of just a touch under 420k on the Inverness duplex, and as just one of the five ways you're paid the cash on cash return is projected at 5% yes, your return goes up into the positive cash flow zone when your mortgage rate is as low as four and three quarters percent. I mean, that is really attractive. It also comes with a year of free property management. So there you go, a new build single family rental in Alabama, an old duplex in Davenport, Iowa, and a new build duplex with just killer incentives in Inverness, Florida, and that's just the sampling of real estate pays five ways type of properties. We either help you get started or continue on your path to financial freedom and help you do that. With our completely free investment coaching, we work with you to help you with these properties or others like them or none at all, if it's not in your best interest to invest now at GRE marketplace.com All you need to do to get started from GRE marketplace.com is click on the coaching area and you can get on the calendar for a free strategy session until next week, I'm your host, Keith Weinhold, don't quit your Daydream.   Speaker 2  50:35   Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively, Chris,   Keith Weinhold  51:03   The preceding program was brought to you by your home for wealth, building, getricheducation.com  

I'll make Bally buy a PC eventually, just you wait00:03:28 Citizen Sleeper 2: Starward Vector00:31:08 Blade Chimera00:42:56 Dredge00:59:40 Why Do We Hate Horror Games?01:22:08 Least Favourite Things About The Switch01:38:51 OutroYou can support us on Patreon - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thisnintendolife⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, remember to send all your correspondence to our e-mail address: thisnintendolife@gmail.com & Join our Discord: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠discord.gg/mC8wjBd

If you've watched the Cardinals in the last two decades, you know Jim "the Cat" Hayes (@RegionalTVCat). His dedication to regional cable journalism with a self-deprecating air has made him a legend in St. Louis. He drops by the Musial booth, as it were, to talk with Daniel (@C70) about how to prepare for a season, what players he's interested in watching, and how he thinks things might shake out in 2025. There's also discussion about the managers he's worked with, how he got the only Chaim Bloom quote last spring, and what it was like this winter as Bally's became FanDuel. There's a little talk about one of his co-workers that was in the news this week as well, so come in and join the chat! Learn more about your ad choices. Visit megaphone.fm/adchoices

Trump's administration isn't afraid to strike back at the Mockingbird Media! PLUS, Dr. Robert Malone, author of the new book PsyWar: Enforcing the New World Order, fills Shaun in on what he learned from his trip to Europe, taking DEI out of medical schools, RFK Jr.'s confirmation hearing, and President Trump's disappointing stance on Operation Warpspeed. Mark Glennon, Executive Editor of Wirepoint, tells Shaun about his layup lawsuit he filed against The City of Chicago, Brandon Johnson and Bally's Casino for discrimination on who can buy into shares of their new casino in Chicago. And Our National Anthem: sung by Chicago Blackhawks soloist Jim Cornelison!See omnystudio.com/listener for privacy information.

Mark Glennon, Executive Editor of Wirepoint, tells Shaun about his layup lawsuit he filed against The City of Chicago, Brandon Johnson and Bally's Casino for discrimination on who can buy into shares of their new casino in Chicago.See omnystudio.com/listener for privacy information.

On episode 246 of the Atlantic City podcast, Kyle and Craig both have trips to report on! Kyle went solo, staying at Caesars and playing there and at Bally’s. Craig went... Read more »

On episode 246 of the Atlantic City podcast, Kyle and Craig both have trips to report on! Kyle went solo, staying at Caesars and playing there and at Bally’s. Craig went... Read more »

This Day in Legal History: 13th Amendment PassedOn January 31, 1865, the U.S. Congress passed the 13th Amendment, formally abolishing slavery in the United States. The amendment declared that "neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction." While President Abraham Lincoln's Emancipation Proclamation had freed enslaved people in Confederate-held territories two years earlier, it lacked the permanence of a constitutional amendment. The House of Representatives passed the measure by a vote of 119 to 56, narrowly reaching the required two-thirds majority after intense political maneuvering. The Senate had already approved it in April 1864. Ratification by the states followed, culminating in its adoption on December 6, 1865. The amendment marked a legal end to slavery, but systemic racial discrimination persisted through Black Codes, Jim Crow laws, and other restrictive measures. Despite this, the 13th Amendment laid the foundation for future civil rights advancements. Its passage was a key victory for abolitionists and a defining moment of the Civil War's aftermath. The amendment's "punishment for crime" clause later became a subject of controversy, as it allowed convict leasing and forced labor in prisons, disproportionately affecting Black Americans. Even today, debates continue over its implications for the U.S. prison system.Fox Rothschild LLP has blocked its lawyers from using DeepSeek, a Chinese AI startup, due to concerns about client data security. While the firm allows AI tools like ChatGPT with restrictions, DeepSeek's data storage in China raises unique risks, according to Mark G. McCreary, the firm's chief AI and information security officer. A recent data breach involving DeepSeek further heightened security concerns. Other major law firms, including Wilson Sonsini and Polsinelli, are also implementing strict vetting processes for new AI models. Wilson Sonsini requires its chief information security officer and general counsel to approve AI tools before use, while Polsinelli enforces firm-wide restrictions on unapproved AI software. Law firms are also monitoring AI use by third-party vendors to ensure compliance with security protocols. McCreary emphasized that established legal tech companies prioritize data protection, reducing the risk of firms switching to less secure AI models.Fox Rothschild Blocks DeepSeek's AI Model for Attorney UseA federal appeals court has ruled that the U.S. government's ban on licensed firearms dealers selling handguns to adults under 21 is unconstitutional. The 5th U.S. Circuit Court of Appeals overturned a previous ruling, citing the Supreme Court's 2022 decision in New York State Rifle & Pistol Association v. Bruen, which requires modern gun laws to align with historical firearm regulations. The federal ban, enacted in 1968, was challenged by young adults and gun rights groups, who argued it violated the Second Amendment. Judge Edith Jones, writing for the court, found insufficient historical evidence to justify restricting gun sales for 18-to-20-year-olds. The ruling marks a major shift in gun policy, aligning with broader legal trends expanding Second Amendment protections. The Justice Department, which defended the ban under the Biden administration, has not yet commented on the decision. Gun rights advocates hailed the ruling as a victory against age-based firearm restrictions.US ban on gun sales to adults under age 21 is unconstitutional, court rules | ReutersIn a piece for Techdirt, Karl Bode critiques the Trump FCC's decision to roll back efforts to curb exclusive broadband deals between landlords and internet providers. The Biden FCC had attempted to update outdated rules that allowed ISPs to form monopolies within apartment buildings, driving up prices and reducing competition. However, due to delays caused by industry opposition and the failed nomination of reformer Gigi Sohn, key proposals—including a ban on bulk billing—were left unapproved. When Brendan Carr took over as FCC chair under Trump, he quickly scrapped these pending consumer protections. Bode argues that U.S. telecom policy is stuck in a cycle where Democrats make half-hearted attempts at reform, only for Republicans to dismantle them entirely under the guise of deregulation. The result is a landscape where telecom giants and landlords continue to collude, leaving consumers with fewer choices, higher costs, and poor service.The Trump FCC Makes It Easier For Your Landlord And Your ISP To Collude To Rip You Off | TechdirtBally's Chicago casino project is facing a legal challenge over its commitment to reserving 25% of its investment opportunities for women and people of color. Conservative activist Edward Blum, known for spearheading lawsuits against affirmative action, filed the suit on behalf of two white men who claim they were unfairly excluded from investing. The lawsuit argues that the policy violates federal civil rights law and should be open to all investors regardless of race. This case is part of a broader push against diversity, equity, and inclusion (DEI) initiatives, which gained momentum after a recent executive order from President Trump eliminating DEI programs in the federal government. Bally's maintains that its agreement with the city complies with legal requirements. The lawsuit references an 1866 civil rights law originally meant to protect Black Americans' economic rights and is similar to other cases challenging race-conscious corporate policies. Blum's organization has previously led legal battles against diversity-focused scholarships, grants, and hiring programs, including the Supreme Court case that struck down race-based college admissions in 2023.America's Battle Over DEI Strikes a Chicago Casino's Financing PlanThis week's closing theme is by Franz Schubert.Franz Schubert, one of the most beloved composers of the early Romantic era, was born on this day in 1797 in Vienna, Austria. Though he lived only 31 years, his vast output of music—ranging from symphonies and chamber works to piano music and over 600 songs—continues to inspire musicians and audiences alike. Schubert's music is often characterized by its lyricism, rich harmonies, and deep emotional expression, seamlessly bridging the clarity of the Classical era with the passion of Romanticism.Despite his immense talent, Schubert struggled with financial stability and never achieved widespread fame during his lifetime. He spent much of his career composing in relative obscurity, supported by a close-knit circle of friends and fellow artists. His songs, or lieder, are especially celebrated for their ability to capture both the beauty and melancholy of the human experience, with works like Erlkönig and Winterreise standing as some of the greatest achievements in the genre.His instrumental music, however, remained underappreciated until long after his death. Today, his symphonies, string quartets, and piano sonatas are recognized as masterpieces, filled with lyrical beauty and striking contrasts. Among his later works, the Piano Sonata No. 20 in A major, D. 959 showcases his mature style, blending elegance with deep introspection. The final movement, Rondo: Allegretto, serves as this week's closing theme, capturing both Schubert's charm and his poignant sense of longing.Though he died in 1828, just a year after Beethoven, Schubert's influence only grew in the decades that followed. Composers like Schumann, Brahms, and even Mahler admired his work, helping to cement his legacy as one of music's great geniuses. Today, on the anniversary of his birth, we celebrate the life and music of a composer who, despite facing struggles and setbacks, left behind an extraordinary body of work that continues to resonate across centuries.Without further ado, Franz Schubert's Piano Sonata No. 20 in A major, D. 959.  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Lauren is joined by New York Times reporter Jacob Gallagher, calling in live from Paris where he's covering the men's shows and Couture. They discuss Peter Copping's debut at Lanvin, Kim Jones's emotional (and potentially final) show at Dior, the appeal of Auralee, and leather jackets. Jacob also recalls Milan Fashion Week, which happened a whole eight days ago. Finally, the duo share their mutual admiration for Bally designer Simone Bellotti, who Lauren reports has a new job. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Don't worry guys, Switch Up is gonna happen eventually 00:05:06 Untitled Goose Game 00:25:01 Danganronpa Trigger Happy Havoc 00:38:05 Danganronpa Trigger Happy Havoc SPOILERS 01:00:30 Nintendo 2025 Predictions 01:03:13 Recapping 2024 Predictions 01:11:58 Bally's 1st Prediction 01:16:01 Nbz's 1st Prediction 01:21:29 Bally's 2nd Prediction 01:26:41 Nbz's 2nd Prediction 01:31:14 Bally's 3rd Prediction 01:37:40 Nbz's 3rd Prediction 01:42:39 Bally's 4th Prediction 01:48:15 Nbz's 4th Prediction 01:51:42 Bally's 5th Prediction 01:59:02 Nbz's 5th Prediction 02:08:01 2025 Game Trade 02:14:10 Outro You can support us on Patreon - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thisnintendolife⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, remember to send all your correspondence to our e-mail address: thisnintendolife@gmail.com & Join our Discord: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠discord.gg/mC8wjBd

Lauren is joined by fashion designer Bella Freud, host of the fabulous podcast Fashion Neurosis. They discuss working at Vivienne Westwood's shop Seditionaries, why she doesn't stage runway shows, John Malkovich, being human, and a lot more. Lauren also weighs in on Simone Bellotti's expected exit from Bally, the Kardashian beauty complex, a little bit of Vuori by popular demand. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Welcome to the REAL GOTY show 00:01:38 Naming The Baby 00:06:07 Listener GOTY Lists 00:35:09 Top 10 GOTYTDACOTY 00:37:24 Bally's #10 00:39:30 Nbz's #10 00:43:37 Bally's #9 00:47:32 Nbz's #9 00:51:22 Bally's #8 00:55:46 Nbz's #8 00:58:43 Bally's #7 01:01:48 Nbz's #7 01:05:47 Bally's #6 01:10:04 Nbz's #6 01:18:46 Bally's #5 01:24:13 Nbz's #5 01:28:51 Bally's #4 01:29:50 Nbz's #4 01:33:47 Bally's #3 01:38:19 Nbz's #3 01:43:18 Bally's #2 01:47:40 Nbz's #2 01:52:53 Bally's #1 02:00:41 Nbz's #1 02:09:25 Recapping The Lists You can support us on Patreon - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/thisnintendolife⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, remember to send all your correspondence to our e-mail address: thisnintendolife@gmail.com & Join our Discord: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠discord.gg/mC8wjBd

Want more MTM Vegas? Check out our Patreon for access to our exclusive weekly aftershow! patreon.com/mtmvegas Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories A lot is going on this week as Las Vegas strolls into the New Year. On this episode we discuss the November visitor numbers and just how well year 2 of the F1 race did. Mixed results, but what will the gaming numbers look like and who will visit the race in year 3? In other news Bally's is looking for investors as the A's president resigns. What is the latest with the ballpark? We also discuss: MGM's $5 million slot challenge, the potential of new MGM fees, a Vegas bartender's take on CES, Caramella at Planet Hollywood, the best burgers in Vegas?, Ellis Island's new frontage, a new Hard Rock concept and who won Circa Survivor's $14 million prize. 0:00 Old people's New Year's Eve in Vegas 0:53 MGM's $5 million slot challenge 2:31 Circa Survivor ends with 8 winners - $1.7 million each? 4:08 Vegas bartender's perspective on CES, Tier Multipliers & New Year 6:38 Athletics' President Dave Kaval resigns - Future of the ballpark? 8:30 The best burger in Las Vegas? 9:23 Julian Serrano Tapas closing at Aria 10:23 Caramella at Planet Hollywood - Rooftop patio, speakeasy & more! 12:07 Excalibur/Luxor moving walkways officially gone for good 13:07 122 people arrested for stoping on Vegas pedestrian bridges 14:11 Another look at Ellis Island's expansion - Too modern? 15:19 New concept art for Hard Rock's Guitar Tower! 16:28 Bally's seeking public investment for Chicago casino 17:50 November Vegas visitor numbers - Big F1 drop but still good? 19:33 MGM cooking up brand new fees? 21:10 Why Las Vegas continues to change rapidly - Maximizing revenue Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with this being the audio version. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com.  You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!

Hey everyone, here are Bally's Top 10 games of the year! If you want to watch the video version it is linked below. (Note this was originally made for a video format so a lot of the references made are to that directly and not the podcast feed!) https://www.youtube.com/watch?v=pb47CPI949w

Enjoy the new dance remix of Bally Jagpal's "Ranjha." Enjoy the best remixes to the best Punjabi Songs!!! Song: Ranjha (EMENES Dance Remix) Singer: Bally Jagpal Remix & Music By: EMENES Remix Production by: DIN RAAT & MIB ROADSHOW Remix Video & FX: Rajusha Productions ------------------------------------------------------ Follow EMENES online : ►INSTAGRAM: http://www.instagram.com/djemenes ►YOUTUBE: http://www.youtube.com/djemenes ►SOUNDCLOUD: http://www.soundcloud.com/emenes ►FACEBOOK: http://www.facebook.com/djemenes ►TWITTER : http://www.twitter.com/djemenes ►WEBSITE: www.djemenes.com =========================== ►FOR BOOKING & INQUIRES: team@djemenes.com ===========================

Lisa Dent is joined by Margaret Frisbie, executive director of Friends of the Chicago River, to discuss the debris that got spilled into the North Branch of the Chicago River during a construction incident at the Bally’s Chicago casino, and the role that they played in cleaning it up.

Bally's Casino Apologizes After Demolition Debris Spills Into Chicago River A wall collapsed Saturday during demolition at the site of the new casino, causing discharge of non-contaminating perlite into the water, according to the Metropolitan Water Reclamation District. Cleanup was completed Sunday. Old Town Pour House Closing After 13 Years On Wells Street The sports […]

In more ways than one, the Royals are watch-able again as they announce they're going to be on more cable services with the re-branded Fanduel TV Network from Bally's Sports and The Zone with Jason Anderson, Sterling Holmes & Producer Dylan Michaels break that news as well as talking about the Chiefs and the final play of the Raiders game seen through the eyes of Bill Belichick on the Let's Go Podcast with Jim Gray.See omnystudio.com/listener for privacy information.

S&P futures are up +0.19%, pointing to a higher open. Asian markets were mixed in Wednesday trading, while European markets are firmer in early trades. Asia top stories include Japan's positive export growth in October and China's unchanged LPRs. European top stories include renewed discussions on German Chancellor Olaf Scholz's potential replacement ahead of the February snap election, and concerns over France's foreign investment risk due to political instability. The UK inflation data shows firmer-than-expected readings, reinforcing expectations for unchanged BoE policy until February.Companies Mentioned: Comcast, Blackstone, Bally's, DT Midstream

In the first hour of tonight's Friday edition of Sports Open Line, Matt Pauley expresses his opinion on the end of last night's Blues loss to Buffalo. Then, Lou Korac, Blues writer for NHL.com and FanSided, and he walks us through the late game decisions by the Blues. We finish hour #1 by hearing the comments of Battlehawks Head Coach Anthony Becht as the team moves on from starting QB AJ McCarron. In the second and final hour of the show, Matt Pauley previews the college football weekend, talks with Daniel Kaplan, business sports writer, on Fanduel Sports Network, formerly known as Bally, and them coming out of bankruptcy. Then KMOX's own Kevin Wheeler and Rachel Zimmerman joins us, Kevin Wheeler talks some Cardinals baseball, and Rachel previews the Rachel Zimmerman show this weekend.

In the second and final hour of the show, Matt Pauley previews the college football weekend, talks with Daniel Kaplan, business sports writer, on Fanduel Sports Network, formerly known as Bally, and them coming out of bankruptcy. Then KMOX's own Kevin Wheeler and Rachel Zimmerman joins us, Kevin Wheeler talks some Cardinals baseball, and Rachel previews the Rachel Zimmerman show this weekend.

Random Vegas The original monorail was only a joint venture between MGM Grand and Bally's.  It opened in June of 1995.  In the early 2000 it expanded to become the Las Vegas Monorail (vintagelasvegas.com)   TwitPic of the week It isn't anything historic except that it was the first incarnation of the Caesars Palace sign, shared by @summacorp.  You can tell because it only uses 3 of the 4 pillars on the sign. Future versions added more sign boards and eventually grew to encompass 6 pillars of signage. It was never the tallest or the grandest, it's just a great POV of a magnificent sign that captured my imagination. News 360VV15 Update Virgin Strike Tallest hotel proposed

We randomly clicked on a segment of this episode and the phrase we heard was "walking talking embodiment." Yes, it's been a while, but here's an episode of the podcast! We talk about A.I., interview the CEO and President of Rio, Patrick Miller, and talk about all the things that aren't happening with the A's, Bally's Corp. and the Tropicana site. Criss Angel and Brian Christopher also drop in, sorta.

I start the show talking about the Patreon Game from last night and Mal Embarkment or Dis-embarkment syndrome. I literally left after recording the intro to pick Elle up from the airport. She joined me for "Table Talk" where we discuss the Sahara closing their poker room, and a study by BetMGM about online casino games. It looks like we may be making a trip next year to the Irish Poker Open, and we talked about what may be my new playground with Bally's building a hotel/casino connected to the new A's stadium in Vegas. ***Disclaimer*** I said I was going to root for the Yankees in the World Series, but actually I think I'm just going to root for the whole series end in a tie somehow. This week's "Call the Floor" involves a high hand promotion and whether the winner of the high hand actually made the call or not. Our "HOTW" is a crazy one when we flop a full house with the Big Blind special. Then I end the show with my "One Outer" reminding everyone on a poker vacation to remember the vacation part of that equation.

Today, we're looking back, while pressing on.  Reliving some hilarious stories about the origins of the Border Patrol on Sports Radio 810 WHB.  Leabo, Bukaty, Jake Guti, Aaron Swartz and Marco are all back to dish on the parties, the failed partnerships and the best times we've ever had!   Thanks to Chickie's and Pete's inside Bally's Casino for hosting us for this great live event.  Come to Chickie's and Pete's for their incredible Happy Hour Monday through Friday from 3 to 6pm featuring $3 dollar domestic bottles, $5 Titos and Craft Beers, $6 Seltzers, and ½ off Wings, Pete-zza and Shrimp! See omnystudio.com/listener for privacy information.

Spencer joined Jaymes and Ryan to discuss the Brewers season ending presser, some changes in the NL Central, the timely death of Bally's and a bunch of your questions. Support the podcast on Patreon and receive the Monthly Minor League Extra and Weekly Packers Preview. Music: Fair Weather Fans by The Baseball Project recorded live at WFMU

We are weeks away from Mayor Brandon Johnson's second budget address. And with a nearly $1 billion budget gap looming, department heads are being asked to locate potential cuts wherever they can while advocates push the mayor to double down on key investments. The Triibe's Tonia Hill and Block Club Chicago's Melody Mercado are here with what we need to know ahead of Johnson's proposal. Plus, we discuss Bally's performance at Medinah Temple, a Logan Square standoff, and Ravyn Lenae's Chicago tour stop.    Good News: 80 Minutes Around The World and Lo-Fi Festival Want some more City Cast Chicago news? Then make sure to sign up for our Hey Chicago newsletter.  Follow us @citycastchicago You can also text us or leave a voicemail at: 773 780-0246 Learn more about the sponsors of this Oct. 18 episode: Lincoln Park Zoo Mubi Become a member of City Cast Chicago. Interested in advertising with City Cast? Find more info HERE

Episode Description: As a reminder you can watch this show as well at: http://www.YouTube.com/milestomemories This week a couple of planning documents revealed much of what we have been waiting for in regards to the Tropicana replacement. We now have renders and details of what the new Bally's Las Vegas will entail including how it will fit on that tiny piece of land along with an MLB ballpark. We'll cover the hotel towers, casino and everything else they are planning to build on the former site of the Tropicana. In other news Tom Brady now owns 5% of the Las Vegas Raiders. Will this end up being big for the team? We also discuss offroading in Las Vegas, why Californians are richer than Nevadans, what Venetian's new rooms look like, Luxor's 31st birthday and how Tacos El Gordo may be a billion dollar taco shop. Episode Guide: 0:00 Luxor 31st birthday! 0:46 “0000” Roulette materializes 2:49 Vintage tower slot machine at MGM Grand 4:38 Slots-A-Fun correction - new mini bowling 5:01 Offroading in Vegas, Las Vegas wetlands & Jean Dry Lake Bed 7:16 Fontainebleau's LIV nightclub is closing and expanding 8:29 Tom Brady buys part of Las Vegas Raiders 9:46 Davante Adams and full time Taco Bell in his house 11:10 High income Californians are a problem for Las Vegas 12:52 Inside Venetian's renovated rooms - Mixed feelings? 14:41 Tacos El Gordo - Billion dollar taco shop? 16:08 Bally's Las Vegas renders & planning documents revealed! 18:24 Bally's Las Vegas doubles rooms & casino space from Tropicana 21:04 A deeper look at the Bally's casino & hotel rooms 22:28 So many Vegas casino projects on the horizon   About the Show: Each week tens of thousands of people tune into our MtM Vegas news shows at http://www.YouTube.com/milestomemories. We do two news shows weekly on YouTube with this being the audio version. Never miss out on the latest happenings in and around Las Vegas! Enjoying the podcast? Please consider leaving us a positive review on your favorite podcast platform! You can also connect with us anytime at podcast@milestomemories.com.  You can subscribe on Apple Podcasts, Google Podcasts, Spotify or by searching "MtM Vegas" or "Miles to Memories" in your favorite podcast app. Don't forget to check out our travel/miles/points podcast as well!

Subscribe to Throwing Fits on Substack. Not exactly trousers, certainly not jeans, they're pants. This week, Jimmy and Larry are walking everyone through Throwing Fits' first foray into perfecting pants—dropping this Thursday, October 17th on Substack for paid subscribers and opening up to the general public the next day on October 18th—before performing gold medal mental gymnastic routines on an upcoming Chicago save the date, Sorbara's beautiful new store, oil massages and jacuzzis, are lines bad or good and who should you invite to your event, why Kith 101 for Auralee actually makes sense, if Engineered Garments x J.Crew proves EG is underrated and overlooked, and what can both collabs tell us about each other, Shohei Ohtani's swaglessness is actually good, an extensive review of the new Chicken Big Mac, another quick scene report from the outlets, Bally's hidden treasure, a hilarious dream about the future of the podcast and much more.

Let's finish the week strong, Doug. Tim's shoulder is feeling better. Huge weekend for Fight Tiger. Audio of Pete Alonso's 9th-inning homerun from last night. Bob Uecker was downtrodden. Were the Mets tipping pitches? The Bally's sitch. Savannah Bananas coming to Busch. Ochocinco talking feet and brine. Urine therapy with the listeners' wives. Jackson is finishing up his move. Mizzou getting 2.5 in College Station. This was the game that was circled going into the season. Brady's shoulder vs. Tim's shoulder. Let's fall in love with the drag route. Ghosty St. White. Would you rather Mizzou win or lose this weekend? Iggy's moving tales. Dental problems in the stag industry. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tom Wheelwright is back by popular demand, our most recurring guest in GRE show history. He's a CPA, an International Authority on Tax, and Best Selling Author of “Tax-Free Wealth” amongst many other titles. We focus on the potential unrealized capital gains tax, which would tax the increase in property value even before sale. Tom explains the implications of this proposal and the broader impact on tax policy.  We cover the Democrats' proposal for capital gains tax at ordinary income rates, capital gains on gifts, and capital gains when you die. The proposal for a billionaires tax, which would tax unrealized gains at $100 million, could potentially extend to lower net worth individuals over time. Real estate income can result in a negative tax rate, increasing cash flow after taxes. Learn about the benefits of working with a knowledgeable tax advisor. Resources: GetRichEducation.com/tax Show Notes: GetRichEducation.com/519 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai      Keith Weinhold  00:01 Welcome to GRE. I'm your host. Keith Weinhold, this week we're talking about the value of the raw land that comes along with your property, the importance of an as built survey in real estate. Then it's tax topics with pro Tom wheelwright, the specter of an unrealized capital gains tax, higher capital gains tax rates, how gambling is taxed, and how to permanently reduce your overall tax burden. Today on get rich education,     00:33 since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  01:18 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  01:34 Welcome to GRE from Essex County England to Essex, Massachusetts and across 188 nations worldwide. I'm Keith Weinhold. You're listening to get rich education before we talk taxes, let's talk about the land, the raw land, the lot that comes along with your property. Investors don't spend much time thinking about it. Yet the land is sometimes worth more than the home or structure that's on it, per the FHFA, land constitutes 32.2% of the value of the average US single family property in a metro area. Now the inexpensive land prices nationally, they are predominantly in what I'm classifying it as three US areas, the Midwest, the southeast and Appalachia well, where you have inexpensive land. Oh, that also happens to be where the cash flow for long term rentals resides. Land costs more by the water because people want water activities, water proximity and water view. So the lower costs are inland, and land also costs more by the water, because coasts and shorelines constrain development, sprawl that limits supply and a limited supply of buoys up prices. Consequently, the highest land values are mostly in the Northeast Corridor, from Boston to DC, Miami, coastal California and Honolulu. Yes, Manhattan values are flat out extortionate for raw land now, Seattle, Madison, Wisconsin and Boulder, Colorado. They are three places with really high land values as well. Seattle and Madison are on geographic isthmus. And isthmus is a narrow strip of land with water on both sides. It's interesting how Nashville's nascent population influx made its land values surge inside a cheap sea of southeastern US land values now costly land areas like these ones that I've been talking about on the coasts, they could work well for short term vacation rentals like Airbnb and VRBO, your classic waterfront and beachfront weekly rentals, but they do not work for long term rental cash flow. Texas Land values are sort of low to medium. Land near the Mississippi River and its major tributaries have low costs because rivers are efficient transportation networks, prohibitively high land costs. That's one reason, actually, why alternative building methods just really aren't as cost effective as some people think. I'm talking about things like 3d printed homes, prefabbed homes, tiny homes and shipping container homes, well, all of them have got to sit on land, just like conventionally build homes do. And there is a land cost. Talk to a tear down specialist, and they'll tell you that in some older homes, 100% of the total value is in the l and. And in practicality, it's actually even more lopsided than that. The structure can have negative value because demolition is not free. So for you to get an idea yourself, your property tax bill, it's going to show you your split. That's where you'll see the assessed values broken out for both your structure and the land. So the bottom line here is that cash flowing properties have low land values, typically 25% or less of the total property value. That's generally what you want to look for. And I swear the only thing that's more barren than raw land is the creative naming process for new developments. There is such a lack of creativity in these development names. I'm talking about names like Willow Creek Estates, stone bridge crossing, or what else do they name a new housing development? How about VISTA, view heights? They all have these idyllic sounding names that somehow just all sound like each other. Well, we're talking about raw land when you get in contract to buy a property, the seller side is expected to provide you with an as built, it often still comes in the form of an old fashioned piece of paper and as built survey, what it is is a plan view, a bird's eye or aerial view of your property. It's not a photograph, but a drawing, and it shows you the dimensions and the placement of structures on your property, and it includes things like fences and other features like easements. Now, lenders don't always require an as built before granting a loan, but it's a good idea to ask to see one before you wrap up your next deal. If you want to in your offer, you can even require that a recent as built be done by a surveying company. All right. Well, what exactly do you look for on an as built once you have one in hand, first see that the house or apartment building that you're buying is properly set back from the property lines to meet zoning requirements. If the six foot side setback is only five feet 10 inches, then you'll have to address that before you buy even if it's five feet 11 inches. Now it's possible that the jurisdiction that you're buying in will grant a letter of non conforming status, but if not, the structure is going to have to be adjusted. Another item to look for on an as built are encroachments. This is where part of a neighbor structure protrudes over the lot line and onto your property. And encroachment is really only acceptable if you're willing to grant the neighbor an easement in perpetuity for their encroachment onto your land. But why would you want to do that? The third thing that I want to mention that you should look for an as built is the existence of easements. An easement that just means that another party has a legal right to come over onto your land and use it. Yeah, and easements are actually quite common. It's not as threatening as it might sound. A common one is that as your as built would show, say, a five foot wide by 60 foot long easement. Is there that a utility company has access to. Well, that's something that makes sense. It's for the common good, but just be mindful that an easement cannot have a structure with a permanent foundation built on top of it, alright, because an electric company or a water company might have to excavate there. Most people think of easements on the raw land, but there are also aerial easements, for example, an overhead power line where the roof eaves are not allowed to intrude on that airspace. So to review what you learned so far today, the best cash flow properties typically have low land values, often about 25% or less of the tolerable property value. And an as built survey is an aerial view drawing of your property and its dimensions on an as built look to see that it meets zoning requirements like setbacks and look for encroachments and easements. It is resale properties where it's more important to look at as builts than it is for new construction properties.  As we're about to bring in tax pro Tom Wheelwright shortly, business owners and real estate investors really get so many of the best tax breaks in the US Code. But you've got to know. How to find them, or else work then with a CPA that does know how to find them, that really knows how to navigate their way around the tax code, people that make high salaries pay high taxes, as much as 50% you remember I did that episode a few months ago, high salaries don't create wealth. Taxes are one big reason why, say, for example, a chiropractor makes $1.2 million a year in salary. But if that chiropractor becomes an investor by buying and selling other Chiropractic Clinics or investing in real estate, their tax rate will drop by half or more, and that's because capital gains tax rates are about half of ordinary income tax rates. So see, you don't want to be a super earner. You want to earn enough money to invest and become a super owner, but tax policy could change Tom and I will discuss that first. Then we'll talk about reducing the amount of tax that you pay. Today is a new punishing unrealized capital gains tax coming that you will have to pay. What this means is that if you have a $500,000 home, and it rises in value to $550,000 well, you would have to pay tax on your $50,000 of profit, but you haven't sold your home. So this feels so wrong, because you haven't realized any profit at all. This is what unrealized capital gains tax is. And also, where are you going to get the cash to pay the tax on your 50k of profit just because your home rose in value yet you didn't realize it? I mean, might you have to sell your home in order to get the cash to pay the tax. And then what if you though could pay the tax on your unrealized capital gain so you do pay it, but then the following year, the home goes down in value. Well, would you get a refund then? So the unrealized capital gains tax proposal is a mess. Let's learn about it and more. This week's guest is a best selling author, CPA and an international authority on tax. He's brilliant because he actually makes taxes fun, easy and understandable. He's familiar to you because he's the most recurrent guest in show history. Welcome back to GRE Tom Wheelwright.   Tom Wheelwright  12:48 thanks always good to be on your show.   Keith Weinhold  12:50 Tom probably with more than 30 show appearances here now you are 6% of GRE episodes.   Tom Wheelwright  13:00 That's a little scary. But you know, taxes are your single biggest expense, so why not?   Keith Weinhold  13:05 It's appropriate. And yeah, I guess all these appearances are certainly an endorsement of how much you help our audience. It's also a reflection of how tax and legal are not my strong suit. So it really helps to have you here absolutely the all time, assists leader in GRE history then and Tyler. An awful lot of timely tax topics going on that are probably first and foremost in more people's news feeds than they usually are. As we're here during presidential campaign season, the one that it really seems to revolve around the most is this potential tax proposal on unrealized gains. I've been around long enough where I seem to see this proposal come up more often, but it never seems to go anywhere. So first, why don't you tell us what unrealized gains are?   Tom Wheelwright  13:51 it actually goes beyond that. Interestingly enough, what the Democrats are proposing is, first of all, they're proposing capital gains rates at ordinary income rates. So they're proposing doubling the capital gains rate. That's actually as important as anything else. The second thing is, they're proposing capital gains on gifts. So if you give it, if you give your business to your child, you have a capital gains ordinary income rates. They're proposing capital gains when you die. So not only an estate tax, but also a capital gains tax. So then you get taxed twice when you die. So about 80 to 90% of your estate goes to the government when you die. If you're a business owner, as an example, then they're proposing eliminating the 1031 exchange, which would mean that on a trade of real estate, you'd have a capital gains tax at ordinary income rates. Then they're talking about this unrealized capital gains so if you do nothing but build your business or your real estate, the increase in value is subject to capital gains taxes at ordinary income rates. Now you know their proposal is, we have this tax. Tax when you're over $100 million that is not seem to be in the news feeds right now, but that's what it is. They call it the billionaires tax, and they're calling it an alternative minimum tax on billionaires. But clearly, 100 million is not a billion. That's only a 10th of a billion. And the biggest issue, of course, is if you tax unrealized gains at 100 million, soon you're going to tax them at 10 million, then it's going to be 1 million. Because history. That's the history of our tax law. The history of our tax law. Remember, in 1913 when we passed the 16th Amendment, it was passed because it was only a tax on the rich, right? It would never have passed if it was going to be a tax on the average person. And yet it passed. Because great, we're okay taxing somebody else, as long as it's not our tax. We're okay taxing somebody else. That's pretty much what's going on with this unrealized gains tax is, oh, well, it's on somebody else and they have enough money. It's no big deal. Therefore, I'm okay with that, because why shouldn't they pay more tax? That is what this is about. The challenge is, is, as we saw with the income tax, eventually it will reach the average person, or at least the average entrepreneur, real estate investor. Because think also, let's say that you build your wealth in real estate, and then when you retire, you say, Well, look, I don't want to be doing active real estate anymore. I'm going to trade my single family homes or my apartment building. I'm going to trade for a Walgreens a triple net lease, well under their proposal, that would be taxed because, again, no 1031 exchanges over $500,000 so that means that if you accumulate your wealth through business or real estate, you pay a much higher tax rate than if you accumulate your wealth by investing in Wall Street through a 401k because if you invest in Wall Street through a 401K, you only have to pay tax as you pull that out, you're not going to be paying tax on the value. Now that's assuming that they don't tax the increase in value of your 401K, which is also obviously a possibility. Interesting enough people talk a lot about the constitutionality of this. The challenge with that is that we already have taxes unrealized gains. If you're a dealer in stocks, in securities you do mark to market, that is meaning that you're going to pay tax on unrealized gains. And so there is actually precedent for this, and that's the scary thing, is that they could point to that precedent and say, Well, wait a minute, it's just an income tax, it's not a wealth tax, that's what they're going to say. They're going to say it's an income tax, not a wealth tax, because it's on appreciation, and appreciation is income. That's how they're going to go down this road. Will it start at $100 million Absolutely, that's where it will start. Will it then drift down? Who knows? But likely that's the history of our tax system. Yeah. I mean, we've talked before about the phenomenon of the camel getting its nose under the tent. However, in this case, I didn't realize there's already precedent for unrealized gains, in a sense, as potentially, if this is approved for those with $100 million net worth, and in next it's 10 million net worth, $1 million net worth and so on, like you described there, when you talk about capital gains tax rates being stepped up so that they're at ordinary income tax rates. It's actually somewhat of an interesting philosophical discussion, in a way. It sort of makes sense that a person's gains from investment could or should be taxed at the same rate as one's income when they go to their day job. However, why don't we do that by lowering income taxes rather than doubling capital gains? Wait a minute, no, because it's a double tax. Let's say that you're a business owner. Why does your business increase in value? Well, because you're making income, but you're already being taxed on that income. It's called income tax. What we do in this country, which a lot of countries don't do, by the way, is we tax it a second time. We call that a capital gains tax or a dividends tax. We tax it twice now. Now we're going to have that second tax at the same rate of the original tax. So if you think about it, you're being taxed on the same income twice because it's your income that determines your value, so you're being taxed twice. It's really not the same. It's fine if you're invested in the stock market, and that's where your capital gains are. That's a hard one to argue too much, although it does take liquidity out of the market, because the problem with capital gains tax is being taxed over 28% it's about 28% is that you actually lower the contribution to the Treasury because there will be fewer capital gains. There will be so many fewer capital gains that you actually lose money. The Tax Foundation, taxfoundation.org, I'd refer people to, has done lots of studies on this, and it's very clear. Here that high capital gains rates actually reduce the amount of money that comes to the government. So this is purely political. This has nothing to do with let's generate more revenue, one of the challenges so you have to score this, right? So that means that you're scoring what's the revenue that's going to be produced? You have two types of scoring. One is called static scoring. The other is called dynamic scoring. Static scoring means that we're going to look at the capital gains we already have, and we're just going to, if we double the rate, we're going to double the revenue. So that's assuming that we're going to have the same number and amounts of capital gains as we add at the lower rates, right? Dynamic scoring means that we're going to take into account how people behave motivationally when you double the tax rate. Yeah. Well, let me give you an example. So I'm a business owner. My wealth is in my business primarily. Do you think, really, I'm going to sell that business and take the capital gains immediately and be done with it? But if I have a high capital gains rate, I'm going to sell this over 20 years. So I'm actually going to defer my capital gains as long as I can, because I don't want to pay those high capital gains rates. So that means less money to the government. That's what it means. So it actually reduces on a dynamic scoring if you look at truly how people behave and have behaved in the past. So this isn't a new thing, right? We've had high capital gains rates before. It's not like we don't know. It's not like we haven't seen this before. It's that, for whatever reason, politically, they've decided that, wait a minute, the rich are out of favor. We need to tax the rich more. That's a very popular line, and therefore this is a way to do that, even though it by all calculations that are dynamic, it would actually reduce the amount of funds that come to the Treasury.   Keith Weinhold  22:00 That does make sense about the double taxation. Case in point, with an apartment building, if you increase its noi, you have more income than pay tax that if you increase the noi, therefore you've increased the value of the building. Consequently, the capital gains tax that you might have to pay down the road Tom, maybe current capital gains tax are higher than I thought, is the 28% capital gains tax. Number You mentioned, current or proposed. What is that?   Tom Wheelwright  22:24 Well, right now we have a 24% capital gains tax, okay, we have 20% pure capital gains tax, plus we have a 3.8% net investment income tax. Doesn't apply right now if you're a real estate professional, but applies to everybody else under the Harris proposal formally adopted Biden's plan under the Harris proposal, then you would get a actually 39.6% rate, plus 5% net investment income tax, regardless of whether you're your real estate Professional. So that is 44.6% that's the 45% the 28% number I threw out is that's the number the Tax Foundation says is the maximum you can raise it to without losing revenue.   Keith Weinhold  23:11 That puts things into perspective, as real estate investors, for a long time, we've appreciated substantial tax shelters. What are they being the 1031, tax deferred exchange, like you mentioned, that's been around for more than 100 years. Does that have any realistic shot of being shot down? Of course, Trump shot down substantial parts of the 1031 outside of strict real estate investing.   Tom Wheelwright  23:32 He did, and he actually set the precedent for eliminating it. So by doing that, because he eliminated it on everything except real property, right? I mean, actually, and even before that, there was a time, and there's still ways you can do it with paper assets. But it's not a 1031 exchange. So 1031 exchange has it evolved. It's gotten it's shrunk. It keeps shrinking. Even three or four years ago, no realistic possibility of eliminating 1031 exchange. The challenge, of course, is it would have an impact on the liquidity of the market. However, big deals never do 1031 exchange. Ever you don't see big multifamily developments sold in 1031s. The only time you see that happen is when they've used the Delaware statutory trust. And then you've got some of the investors who use it. And some of them who don't, you can do that in the Delaware statutory trust, but the regular developers, I haven't seen a 1031 done by a syndicator in years. So could they eliminate? Yeah, they could.   Keith Weinhold  24:33 yeah, that would be concerning. Are there any other presidential hopeful proposals that have to do with taxes that are germane, and our audience should know about?   Tom Wheelwright  24:41 my heavens. So the Democrats want to raise taxes by $5 trillion they want those taxes to all be on investors. And the reason I say that is because typically, people who make less than $400,000 which is their threshold, are not major investors. Most of their money goes to spending. Money. If you're making under $400,000 you can easily spend $400,000 a year. Oh, yeah, okay, that's not that hard, especially in today's world. It's a transfer from high net worth individuals who invest their money in long term projects like real estate, like energy, like business, and it's going to be a transfer to people who spend the money and they're going to spend it, my prediction is that if the Democrats get their way, we enter into a long term period of stagflation, high unemployment and high inflation. Because if you transfer $5 trillion from people who aren't spending it in the first place to be able who do spend it. You've got $5 trillion of new money going into the marketplace. Now it could depress asset values. So that could be good for investors, okay? Because you don't have as much cash available to the I'll call it the investor class, to go into real estate. If that's the case, then you have $5 trillion less, right? I mean, it's not a huge portion of the market, but it's big enough. If you take $5 trillion out of investment capital, then that would put a downward pressure on asset prices, which would include real estate.   Keith Weinhold  25:29 we're talking about potential changes to the tax code. It's always a germane discussion, because taxes are the biggest expense in your life. We're talking with Tom wheelwright. We come back, we're going to talk about the real estate tax laws as they are now, for example, how your rent income is taxed differently than your job income, and also, what are taxes like on sports, gambling. You're listening to get rich Education. I'm your host. Keith Weinhold.   Keith Weinhold  26:45 hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridgelendinggroup.com that's Ridgelendinggroup.com   Keith Weinhold  27:16 you your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4% you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to an 8% return with compound interest, year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too. Earn 8% hundreds of others are. Text FAMILY  to 66866, learn more about Freedom Family investments Liquidity Fund on your journey to financial freedom through passive income. Text FAMILY to 66866.     Blair Singer  28:29 this is Rich Dad, sales advisor, Blair singer. Listen to get rich education with Keith Weinhold. And above all, Don't Quit Your Daydream.   Keith Weinhold  28:48 welcome back to get rich education. We're talking with tax pro Tom wheelwright. He's been talking to us about some of the proposals that presidential candidates have here in a campaign season, and whether these things become true or not. Sometimes it seems like just the fact that they're proposing. They're proposed, or if they get instituted at a small level years down the road, it can blow up into something bigger. So Tom tell us more about some of the proposals that are on the table.   Tom Wheelwright  29:12 So we talked about the democratic proposals, which also include things like a $6,000 tax credit for babies. It also includes an enhanced Child Tax Credit. Also includes some other there's lots of provisions in there, right? So it's a transfer. It's just a transfer of money from one group of people to another group of people. On the Republican side, we haven't talked about that now they want to extend the 2017 act. They've been very clear, that's what they want to do, which is an estimate $4 trillion so the other direction. So basically, you're talking about a $9 trillion swing between the two parties. We've never seen this before, ever in a presidential election. Now, that big of a difference, one major tax increase, one party proposing major. Tax increases, the other proposing major tax decreases in the same election. It's something that I'm glad people are paying attention to, because it's a little overdue in this election cycle. Because really, when you talk about policy, that's probably the biggest policy difference between the two parties.   Keith Weinhold  30:18 Now one thing we've learned over time from talking with you is these presidential wish lists, if you want to call them that. Well, these tax changes are things that require congressional approval, and we have a divided Congress currently. So what do you think the prospects are of really any of these things becoming new law?   Tom Wheelwright  30:36 First of all, remember, most of the 2017 act expires at the end of 2025 so something will have to be done next year. They don't have a choice, either that or is just expires, and then we're back to what we had. We have smaller standard deductions, we have alternative minimum tax again. We get a deduction for state income taxes, right? That comes back the one. We lose our 20% Small Business deduction, the only thing that stays permanent is the corporate income tax rate that was permanent in the original bill. So there is going to be something, you're right, if there is a divided Congress, and I say that if, because if one party sweeps, then, especially on the Democratic side, the Republicans don't seem to be as cohesive as the Democrats are on these things. And if the Democrats sweep, I would say, remember, we don't have Kyrsten Sinema, we don't have Joe Manchin from happening. And so would the Democrats sweep all these through, not all of them, but you're going to see a major tax increase for sure, on the Republican side, would you see the 2017 act extended? You'll probably see it, but you're right that otherwise, if it's a divided Congress, we're going to have something in between. We thought we would get a divided Congress in 2020 though, remember and we didn't. So I would not count on a divided Congress   Keith Weinhold  31:59 erstwhile 2017 Trump tax cuts in JOBS Act brought the highest marginal income tax bracket from 39.6% under Obama down to 37% as I remember it. Some thought Biden would take it back up to 39.6 but he hasn't and it's just stated 37 All right, so if Republicans stayed in power, presumably that 37% would go ahead and carry on. That's what we think about as our w2 income. Tom, why don't we talk about the taxes that actually exist today? I think a lot of real estate investors just don't understand the difference between how your w2 job income is taxed versus your taxes on real estate rent. Can you talk to us about that?   Tom Wheelwright  32:42 The reason it's confusing is because they're both considered ordinary income, right? The difference is, is that one is business income and one is non business income. Your wages are non business income. You don't get deductions against non business income, but you do get deductions against business income. So your rental income is considered business income for purposes of the Internal Revenue Code. What that means is you get deductions for taxes. You get deductions for interest, you get deductions for maintenance, you get deductions for depreciation. That's why, when you have your income from your rentals. Typically taxed much lower than your income from your salary, because you get no deductions against your salary like you do against the rentals.   Keith Weinhold  33:30 Maybe it would help to introduce an example here. I don't know if this will complicate things too much or not. If a real estate investor has, say, a single family rental property with $2,000 of rent, income, $1,000 mortgage, $800 in operating expenses. How is that tax that leaves them with $200 of cash flow?   Tom Wheelwright  33:50 You have $200 of cash flow, but then you probably have depreciation on top of that, which is a non cash deduction. And so let's say your depreciation is $500 that means you actually have a $300 loss that, in many cases, you can use to offset income from your w2 so you actually have a negative tax rate. In other words, you're making money from taxes. So actually, is that an increase to your cash flow? So it's a way to think of it is, I have $200 of cash flow from my tenant, if I have a $300 loss for tax purposes, let's say I'm in a 33% tax bracket. I have $100 of income from the government. So that means my cash flow is really after tax. Cash flow is $300 not $200 whereas if you have the same $200 of income from your wages. Let's say you have just the net, right? Let's start with the net. You have $200 well, you're going to be taxed. And let's say that again, your 33% tax rate, that means you're after tax, right, is going to be roughly $125,000 okay, under $30 so $130 we're. $300 so it's like twice as much. In fact, all of that difference is because of the tax law.   Keith Weinhold  35:06 Gosh, that was a great breakdown. I'm really glad that I introduced that example, $2,000 in rent, minus $1,000 for the mortgage, at $800 in operating expenses, again, leaving you with $200 in cash flow with that example. There's probably more going on here with taxes. Because, of course, with that $1,000 mortgage amount, some is going to be principal, some is going to be interest. In part of that interest can be tax deductible.   Tom Wheelwright  35:31 I'm assuming it's all interest, because if it were not, we'd have a higher taxable income. Remember, your principal payment is not deductible. So in your example, I was assuming that the $1,000 mortgage payment was all interest. If it was only $800 then you'd have $400 of income before depreciation. You don't have $100 loss, because, remember, your principal's not deductible, so therefore you have to add that back into your taxable income.   Keith Weinhold  35:58 Will you talk to us about how to apply depreciation to this income versus expenses. Example, is there anything else you can speak to when it comes to that $800 of operating expenses in this example, and those expenses include things like property insurance, property tax itself, maintenance repairs and utilities.   Tom Wheelwright  36:19 Right but also, for example, you might run your rental real estate business out of a home office in your home so you could have a home office deduction. You might have your use your car for the rental purposes, and then you get a deduction for your car. So there are additional expenses that aren't even in that $800 that you could pick up that would not otherwise you'd never get a deduction, and you're really not spending any more money. You're just using it for business, and therefore getting a business deduction. So it's really all about what do I get to deduct? Remember that if you own a home for yourself, you don't get to really deduct the taxes. You have a limit on how much you can deduct. So taxes are limited in deduction. Mortgage Interest may or may not be limited. Remember also that if you have a mortgage, you're limited to how much a $750,000 mortgage being deductible, whereas if you it's a rental property, it could be a seven and a half million dollar and mortgage, and you still get the deduction, so you're not limited like you are. On top of that, again, it's a business, so let's say that you put solar panels on your personal home, you'd get a 30% tax credit, but you'd get no depreciation deduction. If you put solar panels on your rental house, you get the same 30% tax credit, but now you also get a depreciation deduction of probably another 30 $40,000 in the first year. So there's always more deductions in a business setting than a personal setting.   Keith Weinhold  37:56 Well, real estate has been around a really long time. Often laugh when people talk about non conventional investments and put real estate investing in their real estate's about the most conventional investment that we can possibly think of. It's been around a long time. We think about a newer thing that people do with their money, but I sure don't call it investing. That's sports gambling, and it's something that you and I haven't talked about before. Here Tom in 2018 the Supreme Court opened the way for states to legalize sports gambling, and at last check, 38 states, plus DC and Puerto Rico have legalized at least some form of sports gambling. So now it's a more germane conversation for you and I to have than it was a few years ago. Can you tell us about sports gambling, taxes and how it's treated.   Tom Wheelwright  38:41 So remember, all income is taxable. So that includes gambling winnings. They are taxable. In fact, you'll get a 1099 just like you would if you rendered services, you'd get a 1099 or you have interest income, you get 1099 you get 1099 from gambling. What you actually have to show is that you actually have gambling losses. So you have to track those gambling losses to show the IRS that you got gambling losses. But your gambling losses can never be more than your gambling winnings. You never get to generate a tax loss on gambling. What that means is, is that if you win $10,000 during the year, and you can prove that you lost $8,000 during the year, you're going to be taxed on $2,000 but if you can't prove the 8000 you're going to be taxed on 10,000   Keith Weinhold  39:33 so you the gambler, have the burden of tracking this, and I guess tracking your losses. I'm not a gambler. How would one track their losses?   Tom Wheelwright  39:42 I would keep detail ledger. Personally, I probably have a separate bank account just for gambling. Gosh, I'm not a gambler either, so that's what I would do. I would have a bank account just for gambling, by the way. It's also a good way to budget your gambling so they, you know, get in trouble, right? So just set up a separate bank account. Don't put whatever money you say, I'm comfortable with this money, I'm going to gamble with this money put in that bank account, and then you have a ledger that shows the money that went in and the money you lost, the money you won, and don't do anything but gambling in that bank account.   Keith Weinhold  40:15 Hey, that separate account's a great way to hide it from your spouse, not that I'm suggesting. Not bad.   Tom Wheelwright  40:22 Interesting. You went there.   Keith Weinhold  40:23 I'm not a gambler at all. Can't even believe I was thinking that far ahead. What are the gambling tax rates like?   Tom Wheelwright  40:31 They're ordinary income tax rate. So gambling winnings are just ordinary income. They're the same as your wages. They don't have social security taxes their income, just like any other kind of income, nothing special. And this all applies to whether it's sports gambling or general gambling, like lotteries and sweepstakes?  Just remember, all incomes taxable unless the government says it isn't all income, okay? And then there's some types of income that are taxed at special rates, like capital gains, but gambling has no special rates. By the way, gold also has special rate for when you sell gold, it has its own tax rate. Gambling has no special tax rate, so it's just your ordinary income rates.   Keith Weinhold  41:11 To me, it seems like it's hard to break even with gambling over time, and then when you take the tax adjusted earnings that you get from it, you know, over the long term. I just don't think Harris and Bally's Casino is really incentivized to inform gamblers on how punitive this can be with ordinary income tax rates applied to gambling winnings.   Tom Wheelwright  41:30 No, but they will send you your 10909g I guarantee that, that's for sure.   Keith Weinhold  41:34 Well, Tom has helped business owners and real estate investors permanently reduce their taxes. He does it like virtually no one else in the world does by keeping it simple, by helping you find deductions that other CPAs can't do. You can learn more about how Tom and his team can actually help you. You can get a free consultation. You can do that at getricheducation.com/tax. And Tom tell us more about the importance of a business owner or a real estate investor or anybody else really being connected with the right kind of tax professional that can permanently reduce your taxes.   Tom Wheelwright  42:12 So remember that if you want to change your tax, you have to change your facts. It's that simple. What you have to do is you need to know what facts you need to change. That's where a good tax advisor comes in. Is what facts do you need to change in order to change your tax now good news is, wrote tax through wealth. So you got an idea of what that is, but the tax law is very detailed. You must dot your i's cross your t's, so to speak, so that you make sure that you meet all of the rules, such as documentation, for example, for your business expenses. When you do that, you're going to get a better tax result, especially if your tax advisor is also preparing your tax return. Because really, your tax return is just part just how you implement your tax strategy, right? That's how you do it. So we launched, just recently, a franchise of tax advisors, and now we actually have much, really good control, quality control with our tax advisors, and they use our software system. It's very important that you have somebody, if not us, find somebody who you know you can actually give tax free wealth too, and say what cares make sure that we're doing it this way. But if the easy button is really the getricheducation.com/tax.   Keith Weinhold  43:27 Tom Wheelwright,  It's been valuable as always. Thanks so much for coming back onto the show.   Tom Wheelwright  43:33 Thanks, Keith.   Keith Weinhold  43:40 Yeah, key insights from Tom as always, taxes are complicated. Tom's Network helps sort it out for you. We've already covered a lot of ground on this week's episode with raw land values as built, proposed tax plans and how to reduce your tax burden within the existing tax system. Tom and I talked, and he will be back yet again with us later this year for more tax wizardry. Now, just recently here, Kamala Harris proposed a smaller capital gains tax hike than Biden. She's starting to put sort of her own policy spin on things, breaking with the President on the size of a proposed increase on the capital gains tax rate that is a 28% top tax rate when investments are sold for those that make a million dollars plus. So that's more than the current 23.8% top rate, but less than the 39.6% rate that Biden had supported all income is taxable. Therefore it is axiomatic that the fastest way to increase your ROI is to work with a tax advisor that can find you all of the biggest deductions right away. You can read Tom's book Tax Free Wealth, get a good system of documentation going and get connected with Tom's team. At the end of an episode at times, I like to leave you with the most actionable resource on the topic that we covered. You can schedule a free call to see how Tom's team can help you out. At getricheducation.com/tax. That's getricheducation.com/tax. Until next week. I'm your host. Keith Weinhold, Don't Quit Your Daydream. 45:33 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC, exclusively. Keith Weinhold  46:01 The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

Today's word of the day is ‘posturing' as in MLB as in Diamond as in winter spending as in local TV money as in free agents. What is happening now? We've been telling you all about the fight between bankrupt Bally's but what happened on Tuesday is important. (18:20) What is the deal with Haason Reddick and the Jets? The Jets traded for him March and he hasn't shown up. He wants a deal. The Jets don't want to pay him that much. Where does this end? (23:15) Is the Guardian Cap here to stay in the NFL? Two players for the Indianapolis Colts will wear them during the regular season. (36:00) Review: Pearl Jam. (39:11) NPPOD. (46:40) The Texas Rangers will not repeat as World Series champions. The Rangers are likely to miss the postseason. deGrom is still hurt. Max Scherzer is hurt. The team isn't hitting. Sounds like big problems.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today's word of the day is ‘posturing' as in MLB as in Diamond as in winter spending as in local TV money as in free agents. What is happening now? We've been telling you all about the fight between bankrupt Bally's but what happened on Tuesday is important. (18:20) What is the deal with Haason Reddick and the Jets? The Jets traded for him March and he hasn't shown up. He wants a deal. The Jets don't want to pay him that much. Where does this end? (23:15) Is the Guardian Cap here to stay in the NFL? Two players for the Indianapolis Colts will wear them during the regular season. (36:00) Review: Pearl Jam. (39:11) NPPOD. (46:40) The Texas Rangers will not repeat as World Series champions. The Rangers are likely to miss the postseason. deGrom is still hurt. Max Scherzer is hurt. The team isn't hitting. Sounds like big problems.  Learn more about your ad choices. Visit podcastchoices.com/adchoices