Podcasts about bipartisan

Congress overwhelmingly approved a bipartisan bill aimed at lowering the cost of buying a home, and President Trump was set to sign it Wednesday. But then Trump announced he won't sign the bill until Congress passes a strict voter ID law. We discuss what to make of Trump's apparent reversal and how it affects Republicans' efforts at retaining control of Congress this November. This episode: senior political correspondent Tamara Keith, personal finance reporter Stephan Bisaha, and senior national political correspondent Mara Liasson.This podcast was produced by Casey Morell and Bria Suggs, and edited by Rachel Baye.Our executive producer is Muthoni Muturi.Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

For the ad-free version of this episode, subscribe to Politicology+ at https://politicology.com/plus In this episode, Ron talks to Grace Pak (founder and cake artist behind Duchess of Cameron, and the artist selected by America 250 to create the official cake for the country's 250th birthday) about how a single dessert became a bipartisan project. They explore her path from a Columbia neuroscience lab to fine art cake design, and the philosophy of "cake as therapy" that shapes her studio work. Then they turn to the commission itself: how she pitched it, why she landed on the theme American Made, and how children's artwork from all fifty states and the territories became the centerpiece.  Later, Grace walks through the congressional sessions she's running on Capitol Hill, the donated ingredients sourced from local farms and historic mills, the recipe she rebuilt from the first American cookbook, and the logistics of moving a cake the size of a car. They discuss: (0:00) Pitching the birthday cake (4:07) From a neuroscience lab to a cake studio (7:37) Fine art cakes and the multisensory experience (14:33)Personifying America and landing on American Made (29:48) Bipartisan sessions on Capitol Hill (37:04) Sourcing the ingredients from local farms (41:51) Baking like it's 1796: the historic recipe research  (46:53) A cake the size of a car: logistics, humidity, and delivery (49:13) Volunteers, nonprofits, and what she'll take away Check out Duchess of Cameron: https://www.duchessofcameron.com/ Follow Ron on Twitter: https://twitter.com/RonSteslow Follow Grace on Instagram: https://www.instagram.com/duchessofcameron Email your questions to podcast@politicology.com or leave us a voicemail at ‪(202) 455-4558‬ Learn more about your ad choices. Visit megaphone.fm/adchoices

June 25, 2026 - 6am: Chaos and name-calling in tense meeting after Trump cancels bipartisan bill signing Ukrainian President Volodymyr Zelenskyy says Kyiv is preparing a new phase of the war Venezuela rocked by two large earthquakes Steve Rattner breaks out his charts to show how much Iran is gaining from Trump's deal To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

June 25, 2026 - 5am: Venezuela rocked by two large earthquakes Trump cancels signing of bipartisan housing bill sparking chaos NATO Secretary-General Mark Rutte visits Trump in Oval Office ahead of NATO Summit next month Ukrainian President Volodymyr Zelenskyy says Kyiv is preparing a new phase of the war To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

(June 25, 2026) President Trump cancels bipartisan housing bill signing, reiterates demand for SAVE America Act. Forget work, passive income is the new American Dream. California bill would cap rising HOA fees. Older adults are no longer staying in ‘empty shell’ marriages.See omnystudio.com/listener for privacy information.

This morning, former U.S. Secretary of Commerce Gina Raimondo launched RAISE US, an initiative to directly confront what she calls America's missing piece: a people strategy to match its technology strategy. Raimondo joins Rapid Response to explain how she built a $500 million war chest, secured bipartisan backing, and signed up launch partners from Bank of America to Anthropic before the ink was dry. She also makes the case against the two most popular answers to AI displacement — slowing down development and Universal Basic Income, and explains why neither will actually work. What will? A collective reinvention of how America trains, transitions, and values its workers. The window, she warns, is narrower than most people think.Visit the Rapid Response website here: https://www.rapidresponseshow.com/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Donald Trump is suddenly sparring with members of his own party over Iran and a bipartisan housing bill. We break that down, plus the latest rules on airline travel to Europe and the best foodie destinations in the Midwest.

P.M. Edition for June 24. After months of back and forth, Congress has passed new housing legislation aimed at making it easier to build homes and make housing more affordable. As part of our ongoing housing series, we hear from WSJ real estate reporter Rebecca Picciotto about what's in the bill. Plus, President Trump met with Senate Republicans today after he refused to sign the housing legislation into law until the Senate passes a controversial voter-ID bill. Journal reporter Marianne LeVine joins us from the Capitol to discuss how the face-off went and where lawmakers go from here. And this week's tech selloff is over, but markets are still keeping AI in focus. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The news to know for Wednesday, June 24, 2026! We'll tell you about another rare defeat for President Trump as more GOP lawmakers condemn both the war in Iran and the deal Trump helped broker to end it. Also, how the most significant piece of housing legislation in decades is expected to make homeownership more affordable for Americans. Plus, the impact New York Mayor Mamdani had on this week's primaries, why one top TV network is enlisting help from its audience, and what research found about whether remote work makes people happier.   Those stories and even more news to know in about 15 minutes!    Join us every Mon-Fri for more daily news roundups!  See sources: https://www.theNewsWorthy.com/shownotes Become an INSIDER to get AD-FREE episodes here: https://www.theNewsWorthy.com/insider Get The NewsWorthy MERCH here: https://thenewsworthy.dashery.com/ Sponsors: We've worked out a special deal with Hiya. Receive 50% off your first order on any of their products. To claim this deal, you must go to hiyahealth.com/NEWSWORTHY. Sleep cooler this summer with Boll & Branch during their Annual Summer Event. For a limited time, get 20% off sitewide at BollandBranch.com/newsworthy with code newsworthy To advertise on our podcast, please reach out to ad-sales@libsyn.com    

On Tuesday, the House passed a comprehensive housing affordability bill 358–32, sending the measure to President Donald Trump to sign into law. The bill, titled the 21st Century ROAD to Housing Act, seeks to increase housing supply by rolling back construction regulations, expanding financing options, and restricting institutional investors from purchasing single-family homes in most circumstances. The Senate voted 85–5 to pass the bill on Monday. After originally scheduling a signing ceremony today, Trump announced he would cancel the signing until Congress passes the SAVE America Act. He has not indicated that he would veto the bill.Ad-free podcasts are here!To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up!A conversation with Tim Urban.Why are otherwise intelligent people unable to resist falling into echo chambers, and how do some get out? That's what Executive Editor Isaac Saul recently discussed with Tim Urban, the creator of Wait But Why and author of the book What's Our Problem? A Self-Help Book for Societies. The conversation flows from there, covering the information ecosystem, artificial intelligence, and the future of journalism. Check it out here!You can read today's podcast⁠ ⁠⁠here⁠⁠⁠ and today's “Have a nice day” story ⁠here⁠.You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Take the survey: What do you think of the 21st Century ROAD to Housing Act? Let us know.Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.This podcast written by: Isaac Saul and audio edited and mixed by Dewey Thomas. Music for the podcast was produced by Diet 75.Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Bailey Saul, and Audrey Moorehead. Hosted on Acast. See acast.com/privacy for more information.

Playbook Podcast host Jack Blanchard and POLITICO White House reporter Megan Messerly sit down for a primary postmortem. It's a big win for Democratic Socialists – so what do New York's results reveal about the Democratic establishment? At the same time, even everyone wants to be a political outsider, big money still packs a punch. Plus, Trump's off to a jam-packed day that captures the chaos on the Hill right now.  Follow POLITICO here:     ➤ X: https://x.com/politico/  ➤ Instagram:  / politico       ➤ Facebook:  / politico    For more news and analysis, subscribe to the Playbook newsletter: politico.com/playbook 

Republicans were cruising toward what they see as a big election year legislative victory, but President Trump just hit the brakes. The president abruptly announced he will not sign a bipartisan housing affordability bill that Congress passed overwhelmingly yesterday. Why? He wants his "Save America" voting act passed first.    Learn more about your ad choices. Visit podcastchoices.com/adchoices

Republicans just passed the most consequential housing bill in years — and almost nobody is paying attention. Sold as a solution to housing affordability and corporate home ownership, the legislation instead expands federal housing programs, incentivizes local zoning changes, promotes higher-density development, and gives Washington unprecedented leverage over local communities. This sweeping new housing bill uses federal grant money as a "carrot and stick" to pressure local Republican politicians and developers into destroying local zoning laws. The ultimate goal? To overdevelop exurbs, suburbs, and rural areas with high-density, multifamily, and Section 8 housing and “smart cities.”  Yet, because of the idolatry of Trump, we have no men standing in the breach to fight this.  Learn more about your ad choices. Visit megaphone.fm/adchoices

AP's Lisa Dwyer reports that a bipartisan housing bill has passed in the Senate.

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Episode 486Can Republicans reclaim Minnesota's 2nd Congressional District?In this episode of The Andrew Parker Show, Andrew sits down with Minnesota State Senator Eric Pratt (R-54), a Republican candidate for Minnesota's open 2nd Congressional District seat. Pratt shares why he believes voters are looking for practical leadership, bipartisan problem-solving, and a return to stability after years of political division.The conversation explores many of the issues shaping one of the nation's most competitive congressional races, including government fraud, public safety, border security, inflation, taxpayer accountability, and the importance of restoring confidence in government. Pratt also discusses his record of building bipartisan consensus in the Minnesota Senate and why he believes that approach is needed in Washington.Andrew and Eric also examine America's relationship with Israel, the threat posed by Iran, and why the decisions made by members of Congress have global consequences.Topics include:• The race for Minnesota's 2nd Congressional District• Government fraud and taxpayer accountability• Public safety and support for law enforcement• Immigration and border security• Inflation and affordability• Bipartisan leadership and consensus building• U.S.-Israel relations and Iran• The future of Minnesota politicsIf you enjoy thoughtful conversations about politics, Israel, and the law, subscribe to The Andrew Parker Show, leave a review, and share this episode with others.Visit TheAndrewParkerShow.com for additional episodes and updates.Support the showThe Andrew Parker Show - Politics, Israel & The Law.  Follow us on Facebook, LinkedIn, YouTube and X. Subscribe to our email list at www.theandrewparkershow.comCopyright © 2026 The Andrew Parker Show - All Rights Reserved. 

Senator Pete Ricketts introduced a bipartisan bill on June 18, 2026 to strengthen partnerships between banks and fintech companies. The proposal arrives after the OCC, FDIC, and Federal Reserve issued interagency third-party risk guidance in June 2023 and after market disruptions such as the 2024 Synapse bankruptcy. Sponsor banks have increased audits, monitoring, and vendor oversight, raising onboarding timelines and costs for fintech programs. The bill could standardize due diligence, clarify control ownership, and coordinate examinations, or it could impose more prescriptive requirements that concentrate partnerships among larger sponsors. Founders and banks should update partner agreements, automate reconciliation of pooled accounts, and align risk dashboards and incident playbooks with existing guidance while tracking the bill's progress through Congress.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Bruce explains why many on both sides of the political aisle oppose data centers in their cities.

The American Democracy Minute Radio News Report & Podcast for June 19, 2026Trying to Resurrect the SAVE America Act, President Donald Trump Demands Attaching it to Bipartisan FISA and Housing BillsPresident Donald Trump attempted to resurrect the SAVE America Act, stalled in the U.S. Senate, by tying it to the passage of the national security FISA Act, and bills on housing.  It's still not likely to have enough votes to pass.Some podcasting platforms strip out our links.  To read our resources and see the whole script of today's report, please go to our website at https://AmericanDemocracyMinute.orgToday's LinksArticles & Resources:Politico - Trump pushes to attach his SAVE act to must-pass bipartisan bills C-SPAN - President Trump Says He Won't Sign FISA Unless SAVE Act Is PassedThe Hill - Trump: FISA extension must include SAVE America ActBrennan Center for Justice - New SAVE Act Bills Would Still Block Millions of Americans From VotingRelated ADM Reports:American Democracy Minute - The GOP's Restrictive SAVE America Act is Stalled, and Slipping It into a Budget Reconciliation Bill was Blocked.  Is it Dead?American Democracy Minute - President Trump Ties Ending the Partial Government Shutdown to Passage of the SAVE America Act. The Draconian Voting Bill Still Doesn't Have the Votes. Groups Taking Action:League of Women Voters US, Common Cause, Legal Defense FundRegister or Check Your Voter Registration:U.S. Election Assistance Commission – How to Register And Vote in Your State Find all of our reports at AmericanDemocracyMinute.orgSubscribe for FREE at Apple Podcasts, Spotify and most podcasting platforms.#NewsAlerts #AmericanDemocracy #SAVEAmericaAct #VoterSuppression #SAVEAct #MailInVoting

Episode Chapter Summaries Chapter 1: The Cosmic Zipper — From Silicon Valley to Telltale Games (00:01 – 04:13) Anne introduces BAFTA award-winning actor Cissy Jones, listing her massive credits across the video game landscape. Cissy shares her unique origin story, starting not in theater, but in the fast-paced venture capital world of Silicon Valley. Despite an early childhood calling to act, she followed corporate expectations until a profound sense of unhappiness led her to a voiceover school. Cissy introduces her concept of the "cosmic zipper"—that beautiful alignment where life clicks together once you finally uncover your true purpose. Within two years of rigorous study, she booked her first massive multi-character rolepacket as Katya in Telltale Games' The Walking Dead. Chapter 2: The Ultimate Boss Move & The Impact of the Mic (04:14 – 07:47) Anne pauses to highlight an incredible tactical move from Cissy's early days: learning how to engineer audioaudio engineer sessions when she couldn't afford a class ticket, allowing her to stay in the casting room and absorb director feedback through osmosis. Cissy highlights her deep appreciation for characters like Lilith in Disney's The Owl House. She recounts emotional fan interactions at Comic-Cons, where parents and children shared how her character's arc helped them process their own queer or neurodivergent identities, reinforcing the true purpose of human storytelling. Chapter 3: Mastering Storytelling & Leaning Into Vulnerability (07:48 – 11:44) Anne asks Cissy what internal mechanics make a voice actor a master storyteller. Cissy credits her willingness to tap deeply into intense, unshielded human emotion on demand. She offers a crucial piece of advice for talent exploring the character and interactive space: when a script calls for real, raw emotion, do not paint over it with cartoony comedy. Voice actors must lean courageously into authentic psychological vulnerability while carefully managing their own mental well-being when a heavy scene leaves them emotionally drained. Chapter 4: The 3-Second Threat & The AI Wake-Up Call (11:45 – 17:31) The conversation turns to advocacy as Cissy recounts a terrifying experience during the 2021 COVID lockdown. Fans alerted her to AI voice clone platforms generating pornographic content using her vocal likeness from The Owl House. When she demanded a takedown, the platforms refused, citing a complete lack of protective voice laws. Cissy breaks down a jarring technological reality: in 2021, creating a believable vocal clone required roughly 10 hours of studio audio; today, it takes just 3 seconds. She highlights why NAVA is actively working with legislators to target security loopholes, citing an experiment where NAVA co-founder Karin Gilfrey successfully bypassed her personal bank security using an AI clone of her own voice. Chapter 5: Ethovox — Creating a Safe Haven Under Lock and Key (17:32 – 24:03) Drawing on her technical venture capital background, Cissy shares why she refused to sit idly by and instead launched her own ethical AI startup called Ethovox. Unlike predatory public marketplaces that ingest and trade off voice talent data, Ethovox operates as a highly secure, private repository. The company explicitly mandates full actor consent, works hand-in-hand with talent agencies to negotiate fair rates, and refuses to sell baseline training data. Cissy reveals a massive boss move: walking away from a lucrative seven-figure institutional funding offer because the investors admitted they did not care if voice actors survived. Chapter 6: The Fight in D.C. & How the VO Community Can Help (24:04 – End) Cissy praises NAVA's leadership—specifically Tim Friedlander, CKarin Gilfrey, and Matthew Parham—for their relentless, bipartisan legislative efforts in Washington, D.C., to pass protections such aspushes in Washington, D.C. to pass protections like the federal No Fakes Act. She stresses that while Washington politicians may not inherently care about actors, they care deeply about cybersecurity risks and digital identity theft affecting their voters. The episode wraps with an urgent call to action for the VO community to support NAVA through membership dues, alongside an invitation to participate in NAVA's annual Day of Play charity streaming event. Top 10 Boss Takeaways Watch for the "Cosmic Zipper": If you are forcing a career path and constantly meeting friction and exhaustion, step back. When you strike the path you were truly meant to walk, the doors lock into place effortlessly. Immerse yourself through service: If you cannot afford premium training starting out, find alternative ways to be in the room. Learn to engineer, edit, or assist so you can witness directing choices and build organic network connections. Storytelling demands real human impact: Vocal mechanics mean absolutely nothing if your performance isn't reaching past the microphone to touch, change, or validate the human experience of the listener. Don't hide behind a cartoon read: When a script asks for deep psychological weight or heavy sorrow, do not soften the blow with safe, performative humor. Stand confidently in your vulnerability. Acknowledge the 3-second reality: Vocal cloning technology requires as little as 3 seconds of pristine audio—meaning your outgoing cell phone voicemail clip is enough to compromise security systems or clone your identity. AI needs ethical boundaries: Innovation cannot be stopped, but it must be met with the three foundational pillars of advocacy: absolute Consent, fair Compensation, and structural Control over personal vocal assets. Protect your core data: Avoid voice AI platforms that treat your unique biological voiceprint as disposable ammunition to train broader, open-source language models. Reputation over revenue: True leaders know when to walk away. Cissy's rejection of a massive seven-figure check because investors devalued human talent is the ultimate blueprint for protecting your personal integrity over a quick paycheck. Bipartisan framing is key in advocacy: When pushing for systemic change or workplace protections, leave personal political ideologies outside the room. Speak directly to staffers about the universal dangers of digital kidnapping, fraud, and corporate IP theft. A rising tide lifts all boats: Success in this industry is never a zero-sum game. There is plenty of room for creative minds to flourish. Lift your peers up, guard each other's rights, and protect the human element.  

In this episode of John Solomon Reports, we dive into the aftermath of President Trump's significant diplomatic moves, including a landmark deal with Iran. Host John Solomon reflects on the implications of this agreement and what it means for U.S. foreign policy moving forward. Joining him is Congressman Dusty Johnson from South Dakota, who shares his insights on key legislative efforts aimed at combating government fraud and supporting farmers—an initiative gaining traction in Congress.In the second segment, we welcome former NFL star Jay Feely, now a congressional candidate endorsed by President Trump. Feely discusses his campaign and the excitement surrounding his run for office, highlighting the intersection of sports and politics.John also brings in journalist John Sommer, who sheds light on the alarming issue of home title fraud. Sommer details a disturbing case from Florida that illustrates the sophisticated tactics criminals are using in the digital age to commit real estate fraud, leaving homeowners vulnerable and in debt.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

National Defense Authorization Act (NDAA) Section 224 merges the US Military with Israeli forces and surrenders our national sovereignty.

In this hard-hitting segment, the host sounds the alarm on what they describe as a totalitarian shift sweeping through Western nations like Australia and the UK. Pointing directly to UK Prime Minister Keir Starmer's latest device-level online safety proposals, the host breaks down how "saving the children" is being used as a deceptive Trojan horse to force data-tracking digital IDs onto everyday adults. The host aggressively calls out mainstream media outlets like Fox News for glossing over the real-world impact of these policies, which mirror authoritarian Chinese tracking systems. They also issue a major warning to American voters, detailing how similar legislation is gaining bipartisan traction in the U.S. Senate—and how local grassroots pushback is the only line of defense left to protect basic internet privacy! Digital ID, Internet privacy, Keir Starmer, Fox News, Online tracking, Free speech, Bipartisan overreach, Authoritarian policy, Political commentary

Guest Co-Host Henry Harteveldt & Host Scott McCartney, with Glen Hauenstein, Fmr. President, Delta Air Lines. Also: A look beyond the public press release on leadership shakeup at Southwest & SWA's corporate culture; Report from the Caribbean Tourism Organization conference in NYC; Listener input: Bipartisan praise for FAA Administrator, Bryan Bedford; Thoughts on redundant Texas airports. Bonus ending: Happy anniversary from grandkids Sophia, Miller & Juliette.

U.S. Central Command announced Tuesday that American forces launched strikes against Iran. This comes after President Donald Trump announced that Iran was responsible for downing a U.S. helicopter near the Strait of Hormuz a day earlier and vowed the United States would respond.Federal regulators said Chinese money laundering networks are moving hundreds of billions of dollars for Mexican cartels, helping fuel America's fentanyl epidemic. A congressional hearing on Tuesday discussed the threat to U.S. security.Bipartisan lawmakers return to Capitol Hill to push for greater government disclosure on unidentified aerial phenomena (UAP) and protection for whistleblowers. David Grusch, whistleblower and former intelligence officer, discusses specific UAP and non-human intelligence-related evidence he came across in heavily classified channels.

Keith talks with data-driven investor Neal Bawa, the "mad scientist of multifamily," about why apartment values have dropped 20%–30% while single-family prices have stayed resilient.  They break down how interest rate shocks, the homeowner lock-in effect, and a wave of new multifamily supply are reshaping returns for today's investors.  Keith and Neal also dissect the build-to-rent model—who it really serves, how apartment oversupply is pressuring its rents, and why pending legislation could upend the space.  Neal closes with a specific, data-backed timeline for when multifamily rents and values may finally turn the corner, giving listeners a concrete roadmap instead of vague market guesses. Resources: Grocapitus Website - https://www.grocapitus.com Multifamily U's Free eBook: Location Magic - https://multifamilyu.com/lp/location-magic-ebook/ Multifamily U's Investor Club – https://multifamilyu.com/club Episode Page: GetRichEducation.com/609 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.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.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  FAMILY to 66866  Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. 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— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:00   Keith, welcome to GRE. I'm your host, Keith Weinhold. The single-family real estate market is steady, but with apartment building values down 20 to 30% since 2022 when will the multifamily Armageddon end? We ask our qualified guest, and how will slowing birth rates in immigration affect real estate? And more today on Get Rich Education. You know, Mid South Home Buyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties, it's an executive coach for nine years now, their CEO, Terry Kerr, and his COO, Pat Nix, have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners. His name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one on one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to Daniel Thomas hind.com H I N D, that's Daniel Thomas hind.com and sign up before Spotsville Flock homes helps multifamily owners exit the operator grind, whether it's your six plex or a 50 unit apartment, through a 721 exchange. This defers your capital gains tax. It's a strategy long used by institutions. Now you can swap tenants and toilets for passive income and zero management. Request your initial valuations. See if your property qualifies at flockhomes.com/gre That's F L O C K homes dot com slash G R E.   Neal Bawa  2:13   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  2:29   Welcome to GRE from Valencia, Spain to Valencia, California, and across 188 nations worldwide. America's favorite shaved mammal on a microphone is back with you for another wealth building week. I'm Keith Weinhold, and you're listening to Get Rich Education. The world's biggest problems are the world's biggest businesses. That's not a coincidence, and that's why we discuss housing here. And there's been a chronic shortage of affordable housing last month at a commencement speech, Harrison Ford, yes, the guy that played both Han Solo and Indiana Jones, talked about how a fulfilling life has both passion and purpose. Passion is what gets you out of bed in the morning, purpose is what helps you sleep at night, you and I. We can bring this mindset to our lifestyle, to the business we do, and to our investing. Treating tenants well is what helps real estate investors sleep well at night. While we're doing well, we can be doing good too. Multifamily syndicators keep failing, going out of business, and losing all of their investors' money due to mortgage rate resets. It just keeps happening. What this really means, that these groups that pooled together investor money to buy apartment buildings, largely that were set up in 2022 and earlier keep blowing up almost fully due to the fact that interest rates reset higher. Some of them had a fixed rate for five years. Well, rates spiked four years ago, and that's why a lot of them have yet to blow up, and these apartments have lost so much value that no one will refinance them, you know. Even if that apartment operator increased the net operating income over the years, even if rents went up, it doesn't matter. So, you still haven't heard the last of it. Do you remember a couple years ago, when a lot of people in the apartment space, they were saying just stay alive till 25 and that nonsense, like if you keep your head above water until 2025 oh well, then rates are certainly going to fall, and everyone's going to be okay. Well, 2025 is long gone.    Keith Weinhold  5:01   Mortgage rates haven't fallen in any significant way, so that survive until 25 thing or whatever mantra derivative people used that was a farce, like I've said on the show here for years. You cannot predict interest rates, so I didn't make the call that they were going to go up or down at all, because you can't predict them, but so many people said, oh, rates will fall substantially by now, no way, you just can't make that assumption, you've got to take history over hunches, and all of that, a lot of those multifamily deals 100% depended. depended on refinancing at favorable rates, and that's exactly why they failed. A surefire way to look foolish is to predict interest rates. We'll talk more about the multifamily Armageddon with today's guest. I also want to get into what's called the 21st century road to housing act, because that became one of the most hotly debated housing policy provisions this year. And what this is, is a Senate bill, and it would require certain large institutional investors that develop these bills to rent single family communities. It would force them to sell those homes to individual buyers within seven years. So, in other words, what a big firm could do is build a neighborhood of rental homes, lease them for up to seven years, but they couldn't hold on to them any longer than that. They couldn't hold them indefinitely as rentals, this bill is not aimed at you, the individual investor. It is aimed at big institutions, and what I mean by that is that's generally defined as owning 350 or more homes. That's what we're talking about here. Small landlords and mom and pop investors are not the target, it targets corporate portfolios, and this means groups whose names you've probably heard of, like Blackstone, First Key Homes, Progress Residential, and Invitation Homes. They are some of the heavyweights that the government is looking to clamp down on, so whenever you hear someone talk about big Wall Street landlords, that is who they're talking about. Now, some groups are pretty worried about the 21st Century Road to Housing Act, like the NHB, that's the National Association of Home Builders, and a lot of multifamily groups are concerned, and why is that? Well, the effect is it could dramatically reduce new housing production.   Keith Weinhold  7:44   See, a big institution like First Key Homes or Blackstone, they wouldn't want to even get into this business anymore. They wouldn't want to build big build to rent communities anymore if they have to sell them all within seven years. See, they want to buy and hold for the long term, kind of like what you and I are doing, because you and I know that owning a group of selective buy and hold single family rentals is a really profitable place to be, but so if they don't want to build, then that creates a reduction in supply, which could make prices go up, and then obviously hurt those trying to afford their own home. Well, that would defeat the purpose of this whole thing. I mean, my gosh, this always seems to happen when government gets involved. So, the 21st Century Road to Housing Act could limit supply, which is the exact opposite of its intent to get first-time home buyers into their first home, and if this passes, it does have bipartisan support. This lower supply, then yes, indeed puts upward pressure on prices. Just amazing. So then it could actually go on to help the everyday mom and pop investor, like you and I, that already owns property, the individual at last check, though they're looking to pass a version that still restricts some of these giant institutions from getting into build to rents, but yet it does not have that seven year sale requirement. What's really important to remember here is that Washington, they're looking to stifle big Wall Street players from the rental market, which could reduce supply. They're not targeting individual investors. The context that's important is that these groups, they own 10s of 1000s of homes, they don't own hundreds of 1000s, and they don't own a million, so it's a really small percentage of the housing market, whatever direction policy breaks, then the headlines that it creates are just greater in magnitude than the effect on the market is. It's an important frame of reference here. Let's meet this week's guest. This week we're welcoming back a guest that we haven't heard from in a year or two in real estate circles. He is popularly known as the mad scientist of multifamily. He's quite an in-demand speaker. He has a $500 million multifamily portfolio that he essentially shares with over 1300 investors. He's sharp, a good educator, and a straight shooter. That's why he's here. It's a warm welcome back to Neal Bawa.   Neal Bawa  10:32   Thanks for having me on the show again. It's delightful to be here, and so many interesting things to talk about in the world these days.   Keith Weinhold  10:38   There really are.. I don't know if we can get it all in, Bawa is spelled B A W A. Neal, I want to get to your future housing market outlook later. How you think the future looks, including when multi families quasi Armageddon might end. But first, you're known as a data driven real estate guy. Tell us about that, and how being data driven makes you profitable.   Neal Bawa  11:03   I see concern, and I'll tell you why. The single family and multifamily market have been atrociously incredibly divergent since the first quarter of 2022 They have not tracked yet each other at all, even though if you look at the last 50 years, they tend to track each other. So you know, 2008 was a Armageddon for single family, Armageddon for multifamily, and they both sort of came up in 2012 2013 and then they had a really good time until Covid.   Keith Weinhold  11:30   Yeah,   Neal Bawa  11:31   but the second quarter of 2022 is when Fed started raising rates, and since then we've sort of slid - multifamily has gone down in terms of pricing between 20 and 30% depending upon the metro, you know, and depending upon whether it's new construction, new construction assets have gone down more than 30% and existing assets that are filled up have gone down by 20 to 30% depending upon the metro. So, metros that have a large amount of supply, closer to 30% decline in value, the metros that have less supply probably closer to 20% decline in value, right.   Keith Weinhold  12:03   Demand demand has been pretty resilient. It's more of a supply story.   Neal Bawa  12:06   It's a huge supply story, right. So, if you look at, you know, occupancy, essentially what's happened is there was so much supply that came in that really people started on those projects in 2022 maybe they didn't start a construction until 2023 they didn't finish construction until 2025 so they started leasing up in 2025 They had to give offer concessions two months, sometimes three months free, and so that pushed down the rents in 2025. And they're not done, because you typically can't rent an apartment in six months. If it's brand new, it's going to take you about 18 months to rent it, and sometimes 24 months, and so it's affected our rents in 2025 it's affecting our rents in 2026. Now it's unlikely to affect it in 2027 but we'll go there, you know, at a later stage. But at the moment, we, what we've seen is negative rent growth in the United States for multifamily for the last 12 to 15 months, and what I think is going to be negative rent growth in Q of this year and Q2 of this year, so Q1 was negative, Q2, which we are in now, is likely to be negative or flat now. Single family, on the other hand, has gone in a different direction, which has been very difficult to understand, and I believe it's taken me a while to really understand this, but I think I've finally figured it out. Single family prices are not down since 2022 which makes no sense at all, because the average mortgage in the United States today is almost double, almost double, not quite double, but almost double of what it was in at the beginning of 2022 when interest rates were about 3.3 3.4% Right now we're sitting around, you know, six and a half percent interest rates, so not quite doubled interest rates, but they've obviously gone up a fair bit, and as a result, your average, you know, mortgage has almost doubled, but home prices haven't dropped, which makes no sense if you really think about it, because home prices are a factor of demand, and they're also a factor of people's ability to pay, so if all of a sudden within four years you're paying, the mortgage is doubled, then less people are going to be able to buy, but it stayed up, the market has stayed up, and the biggest reason it stayed up is because of what is known as the lock-in effect. So, the US market typically has a million new homes every year, and there's more than a million existing homes that are transacted, right? So, it's an open market, it's a perfect competition market, but it hasn't been perfect competition for the last four years, because so many people locked in ridiculously low interest rates.    Neal Bawa  14:28   Perfect example, in 2021 and 2022 I have a 15 year mortgage at 1.75% If I sell my house back to myself, my mortgage quadruples, quadruples, right, because it goes from 1.75% to six and a half percent, so I can't even imagine even think about leaving my home, right, because it's just such a perfect loan. Most people don't have anywhere near 1.75% but there's lots of people with more mortgages in the 3% three and a half percent, and 4% range that basically can't go anywhere, and because those homes are not coming into the market. The last three years the market has had this unusual not enough supply factor, and that's been keeping prices up. That is ending. That is ending, because what we've been tracking is the percentage of homes in the United States that have low mortgages. Low is simply defined as anything under four and a half percent, and that percentage is going down each quarter, because you know divorces happen, deaths happen, you know people move for jobs, and so every time that happens, that locked in rate goes away, because you sell your home and move on, and so for a while that lock in effect was predominant, it was controlling everything, but as time has gone on, interest rates were higher in 2324 2526 For also almost four years have passed since the rate started going up. So each quarter the percentage of homes in the US that have these low interest rates has slowly moved down, and we're almost back to a normal timeframe.   Neal Bawa  15:53   And this is causing the single family market to not have a conniption, but we're starting to see a balancing of the market, where it's not just a buyer's market anymore, in some places it's actually seller's market, some places it's a buyer's market. So we're now starting to see home prices drop in number of markets in the United States. I can't say that they've dropped in super majors, but we're seeing a flattening out effect of home prices in most metros in the US, and there should be a flattening effect. Just to be blunt, I mean, obviously I own a bunch of single-family homes, so I just wanted them to keep going up for selfish reasons. But if you think about it, we had huge home price growth in like 30 plus percent in number of years, 2021 22 and even 23 and during those years, salaries only went up by two to 3% a year. In one year, they went up by 4% and rents also went up like crazy. There was a 2021 was 15% rent growth year. So, at some point, there had to be an adjustment, and we are in that period of adjustment where single family prices are basically flat on a national basis. Yes, going up in the San Francisco Bay Area because of AI, and going up in a couple other technology-heavy metros because of AI, but otherwise fairly flat, and I don't expect that to change for the next year. So, my forecast is next 12 to 18 months, home prices in the US are going to be flat on a nominal basis, they're going to be down on an inflation-adjusted basis, but you know, because of the Iran, more inflation's three and a half percent, so home prices should go up three and a half percent. So, if they stay where they are, well, they're really dropping three and a half percent.   Keith Weinhold  17:29   Yeah, before this year began, I released our forecast, it was for 2% nominal home price appreciation in the one to four unit space for the US this year, and I still like how that looks. There's so much to unpack with what you just talked about. In my view, there's nothing unusual at all that when mortgage rates rose sharply a few years ago, that home prices rose as well. Why? Because actually, that's what usually happens, which is counterintuitive to most people. In all of our lifetimes, residential real estate prices have only fallen significantly one time, that was around 2008 due to a number of unusual circumstances. The only thing that's a bit different this time is, of course, how fast rates increased in 2022 and 2023 and people wondering if residential real estate prices could still keep up, and they certainly have, but yeah, you brought up this dichotomy, this bifurcation about how the apartment market and the one to four unit space kind of separated from each other in 2022 or 2023 That's what's so interesting.   Neal Bawa  18:36   I do want to point out a couple things, though, and I don't want to be a Pollyanna here and talk about negative stuff, but I think that there's big difference between 2008 and that timeframe and where we are today, and that difference is, and it has multiple parts. Not all of your audience is aware of this. Until about 2012 the United States had very reasonable birth rates. You know, we were one of those countries that had avoided the debacle that Japan, Korea, China, and a number of other countries are seeing South Korea being the absolute worst, where basically they were producing one baby per generation, where you need about 2.2 babies just to kind of keep your population where it is, right, and the US was unusually high in that, and that we were still above that threshold, which meant that our population would continue to grow and not fall. Now, there was two reasons our population was growing: One, we had more than 2.2 babies per household, and second, we had a very significant amount of legal and a very significant amount of illegal or undocumented immigration. Right, so we had both of those pipelines today. All three of those have flipped, so the United States now basically looks like Korea or China or Japan in that every household is producing about one and a half babies, which means that our population growth, which hasn't stopped yet, because it takes a while for these things to catch. Up is likely to stop, like it's, and at some point decline again. Luckily, we're not there yet. The US is a fairly young population, unlike Japan, which is one of the oldest populations in the world. So, it'll, we'll still continue to see population growth, but there is no doubt. And you can ask Chat GPT, right? How has population growth in the United States slowed over the last 20 years.    Neal Bawa  19:22   Make me a graph, and it will make you a very nice graph, and you'll very clearly see there's a slowdown in population growth. The second part is both documented and undocumented immigration. It's my estimate that since this administration took over, somewhere between half 1,000,001 million people have left the United States. Now it's very difficult to get an actual number, as you can imagine. A number of these people were undocumented, so we didn't really know how many there were to begin with. And a number of them, when they left, they also left by an undocumented rate, that you know, path. So we've lost a bunch of those people, and also the people that have stayed in the country, we've lost a number of them in the workforce. Here's a perfect anecdote, Keith. About 33% of the construction workforce in the United States was undocumented, one in three. In Texas, as much as 40%   Keith Weinhold  19:45   Yeah, that's huge.   Neal Bawa  19:45   It's very significant. Number of those people don't show up for work anymore. I don't think they've left the US, at least I don't think so. But they don't show up for work anymore, because that's how they get caught, right. So, what we've seen is that the construction workforce in the United States has become been decimated over the last 12 months, and the impact is much greater in the second half of 2025 than the first half. Why? Because even though they wanted to do ICE enforcement, they just simply didn't have enough agents, enough facilities, enough judges. When the second half of last year, they sort of started catching up on that, hiring more agents, getting more facilities, getting more judges, and so we started to see a real challenge there. I have properties in 10 markets in the US, and what I can say is about seven of those markets, mostly Southern markets, I am beginning to see dropping occupancy related to this phenomenon. I'm seeing a reduction, and so markets like Georgia and Texas, Florida are more hit than my northern markets like Idaho. I haven't seen any impact at all, but these southern markets, multiple properties, multiple metros, I'm seeing this - people, mostly of Spanish, Mexican origin, not renewing leases. I don't know what they're doing. I don't know if they're sleeping in their cars. I don't know if they're basically just, you know, staying with mom or staying with, you know, some other family. But I'm seeing a very, very big pullback in my leases tied to this, and occupancy is dropping in those markets that are heavily Hispanic. And so I'm seeing the impact of that on landlords, but I also know that there's an impact on the US at all, and overall demand on rentals, whether it's single family or multifamily. This is a significant impact, because I don't think that the Republicans are going to make a U-turn on this. I don't want to get political, but you know, stating the obvious.   Keith Weinhold  19:45   Yes, United States had its biggest birth year in 2007 when there were more than 4 million babies born. The average age of the first time homebuyer today is 40 years old. If that holds true, that peak would take place in 2047 And then, yes, to your point about changes in immigration, yes, it sounds like a potentially a reduction in demand with what you're talking about, with some vacancies, and also maybe a reduction in supply when you have fewer construction workers to build these places as well, we're talking about building properties. Neal, I want to talk to you about the build to rent space. Somewhat is build to rent better than traditional real estate? I think that's what we really want to know. And for those that don't know, build to rent means when you construct a property where from day one that construction project is built for a tenant, not an owner occupant. I see a lot of pros and cons there. Can you talk to us about the trade-offs between build to rent and traditional real estate?   Neal Bawa  19:52   Yeah, if you think about it, it's a really terrible word, built to rent, because if you think about the word built to rent should be apartments, right, but actually doesn't mean apartments, right? So, built to rent actually means single family or town homes that were built to rent out, right? And then you're like, why don't they just said built to rent apartments and town homes? Well, you know, was too long an acronym, and we suck at acronyms anyway. But BTR, or built to rent, is essentially building single family or town homes, but specifically building them to rent, and it doesn't include any apartments at all, right? And the reason why the BTR market was growing in the last five or six years is that roughly 18 million American families can no longer afford to buy starter single family homes, you know, and by starter I mean, small old single-family homes. That's how Americans usually started, you know, in their 20s and 30s. They would buy these homes, some of them, but they would fix up, and then they over time, in their 30s, late 30s and 40s and 50s, they would upgrade, and then at starting the 50s, it would flatten out, and then the 60s, they would start to downgrade, right? That's been a typical thing that's happened in America for 56 5070, years. Well, that is, cannot happen anymore. And it broke in 2022 until 2022 It was a normal cycle beyond 2022 because interest rates almost doubled, and the mortgages almost doubled, but the incomes only increased by 10 to 20% There became this orphaned generation of Americans, roughly 18 million families, that simply cannot afford to buy that starter home, and they are now forever renters. They don't know it. They think that they're going to catch up at some point, but five minutes with an Excel spreadsheet, I could prove it to them that they're not going to catch up.    Neal Bawa  25:35   Maybe one in 100 families would see a very large increase in income, and that would result in them catching up, but for the most part, as a group, these 18 million families, they're forever enters as a group that didn't exist before 2021 right. It's entirely because of this outrageous increase in mortgages, while not seeing a drop in home prices, that led to this, and so those orphan families, they actually earn pretty well, so these are families that make 70, 80, $90,000 in mid markets. They make over $100,000 if they're living on the coasts or in expensive markets, and they still can't buy that, you know, starter home. And so they don't want to live in apartments. I have lots of apartments, old ones, new ones, and I want these people to live there, but they don't want to live there, and so they've been looking for an option, and that option has been developers like me building communities of 200 300 townhomes or single family homes with a small little yard, and then basically from day one, instead of selling them, renting them out, and then once you're done renting out the whole community with 200 tenants, then you sell that to an apartment company. You know, there's lots of apartment companies in the US that have 100,000 units. Well, they want to buy these because the turnover is lower. So, what happens is most of these town homes and single-family homes for rent. Families come in, and they typically rent for three to five years before they move, whereas in on my apartments I lose 40% of my tenants each year. So, if I have 200 tenants, I lose 80 of them every year, and I have to basically go back, clean up those units, deal with the vacancy. But when I have townhome communities like my Idaho Falls townhome community. I lose a tenant at roughly every four years, and so, as you can imagine, profitability goes up when turnover goes down, right?   Neal Bawa  27:31   Because you don't have that cost of turnover and vacancy, and so eventually those large landlords that are holding 100,000 units figured out, I like this, what Neal Bawa is doing, he's building these 200 townhomes, I want to buy these from him when they're rented. I don't want to build them, I don't want to lease them up, I just want to buy them when they're stabilized. And so BTR became that name for that marketplace where developers would build townhomes and single families, rent them out, and then sell them to institutional, and it was some—   Keith Weinhold  27:56   People think of fabulous institutionalization of the starter home.   Neal Bawa  28:00   And in many ways it is, because what happened is, for a while, these institutional players, like Blackstone and BlackRock, they were like, we are just going to go out and buy 50,000 single-family homes, and that's going to be the institutionalized. Well, that worked really well if you bought in 2008 2009 2010 2011 because you got them bought them at a discount, but when they started buying them in 2015, 16, 17, 18 at ever higher prices, they didn't make any money. So the vast majority of these public funds that were created to buy large amounts of single family have failed if they've purchased anything in the last seven or eight years. If they bought before that, they made huge amounts of money. Family homes are so expensive that basically buying them for rental did not make sense, so these companies have now pivoted to saying we'll only buy communities that have 100 or 200 or 300 of these homes, because then we get the benefits of having centralized leasing, centralized property management, centralized maintenance, and I don't have homes spread all over the metro, they're all in one place, and I can make more profit from that. In theory, that's been good, and you might think that I'm bullish on BTR, but I'm actually today bearish on BTR for one single reason. About seven months ago, Republicans started talking about a bill - I don't know what the name of the bill is, but what this bill does is it forces builds to rent developers like me within seven years of building the property to sell all of the homes in that property to single family tenants, not to Blackstone, not to Blackrock, but to single family tenants. Hasn't passed yet, but it passed the Senate with an 8910 vote, which means that both Democrats and Republicans wanted to vote for this. If it passes the House, and because Donald Trump himself is very heavily opposed to it, he's made it very clear he doesn't like this. He's a developer, obviously. It hasn't passed the House yet, but if it passes the house, that will destroy the build to rent market. No one will ever build build to rent, because the worst possible thing is I build this, and within seven years I have to actually sell it to individual buyers. If I do that, my banks are going to hate me and not give me loans to build BTR anymore. Obviously, there's going to be some grandfathering to the communities that I'm building now, or maybe even build the ones that I'm building in 2027 maybe grandfathered. It usually is, because you know, Congress never does anything retroactively, and they give you a year or two, but if it passes, it's doomsday for BTR. I hope it doesn't happen, but that's the way it's looking, because it's bipartisan. Bipartisan bills are more likely to pass   Keith Weinhold  30:40   Now for the mom and pop investor, the individual investor build to rents have obvious appeal due to your point about the lower turnover, lower maintenance costs on a new build, lower insurance costs often on a new build, and then there's the tenant appeal to a new build as well, but of course there is that investor downside. I think a lot of investors are aware of their thin initial cash flow that they're going to have on build to rent, but you know, Neal, another downside with build to rent, I think a lot of investors don't look at is, hey, just how many of these things are they building? Are they building 500 of them? Do I have some overbuild risk if I buy into this community that could suppress occupancy and rents for a while.   Neal Bawa  31:21   What we've seen is that when Built to Rent started out in 2017-2018 it was its own asset class. It wasn't competing with apartments, it wasn't competing with single family rentals, it was just its own thing. However, in the last two or three years, as more and more apartments flooded the marketplace, we had a glut. It moved away from that. It basically started getting affected, and the rent started falling, just like any other portion of the market. You know, think of it as three portions of market. There's the built to rent, which I described, you know, brand new single family homes, town homes per rent. There's the apartments, both brand new and existing, and there's the single family rentals, right, which there are millions of. What we are seeing now is it's become one market, right? All of them are affecting each other, and the apartments, which have a huge amount of glut, there's a massive amount of new apartments that have come in in the last two years, are really pushing the rents down for single family, they're pushing that rents down for BTR. So, at this point, what I would say to people that have this concern, Keith, is simply look at incoming apartment supply, because if you're in a marketplace, and I'll give you examples of really good markets that are crushed right now. If you're in a market that has a lot of incoming supply, whether you buy a single family rental, a quadplex, a 50 plex that's an apartment, or 100 unit BTR, you're going to suffer for rent growth if you have a lot of incoming supply in 2026 and that is across the board in every market in the US. Huntsville, Alabama is, in my opinion, one of the most interesting markets in the US for 5 year, 10 year growth, right?    Neal Bawa  32:54   If I had to say you don't need a loan, it's just your own cash, no investors, where would you put money in? It would be at the top of my list, not at the very top. Idaho Falls is definitely the number one market in the US in my list, but Huntsville is up there. But right now, do you know what rent growth in Huntsville is? Minus 2% negative 2% Why? Because there's 6000 units coming into a market that's, you know, 1/5 or 1/10 the size of Phoenix, right. It's 1/10 the size of Dallas, but it has half the units of Dallas or Phoenix coming in, and so rent growth is negative there. So, what I would say is today absolutely everyone that is an investor should understand that we live in the magic world of AI, and you should be talking with Chat GPT about incoming supply for any market that you're interested in, and using that to make your decisions, because all of these markets merged, BTR, new apartments, old apartments, single family, everything has emerged in the last 24 months, where they're all affecting each other, and if there's too much supply of any one kind, it's affecting all of the other markets, and that's the message that I have. And none of this is like you have to go buy a $25,000 software like Costar today. Chat GPT is your costar.   Keith Weinhold  34:11   You're listening to Get Rich Education. We're talking with the mad scientist of multifamily, Neal Bawa, where we come back, including what he thinks about recovery for the beleaguered multifamily market. I'm your host, Keith Weinhold. 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What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent on-time investor payouts, they built real credibility. Go to freedomfamilyinvestments.com to book a clarity call, or text family 268 66 That's Family 266 866    Speaker 1  36:00   This is the star of the A E Show, The Real Estate Commission. Todd Rollette. Listen to Get Rich Education with my friend Keith Weinhold, and don't quit your daydream.   Keith Weinhold  36:20   Welcome back to Get Rised Education. We're talking with Neal Bawa, a really sharp multifamily syndicator who's also highly data driven. And Neal, tell us more about the beleaguered multifamily market that had those aforementioned problems really cropping up in 2022 and we had a lot of supply and spiking rates. What does it look like for the path to recovery for the US multifamily market?   Neal Bawa  36:45   Luckily, demand is strong, and even though occupancies have dropped, typically the multifamily market, the large multifamily market in the US, tends to be between 95 and 96% occupied. Okay, and right now we're on 93% so that all that incoming supply means that about 7% of our apartments in the US are empty at the moment, we're trying to fill them, and we are seeing that occupancy drop, not across just new apartments that are leasing up, but also drop in class B and class C. We've also seen a huge increase in concessions, so I studied this quite obsessively, and I can tell you that 2026 in some markets is the recovery year, but not across the board in the United States, and the reason for that is sentiment. Once renters get used to huge amounts of concessions, it's like a drug, it takes a little while before you wean those renters off of those drugs, and so there's that hit right now. Every renter program,   Keith Weinhold  37:44   Everyone wants their freebie for good.    Neal Bawa  37:46   Yeah, exactly. It's like, hey, what, you're not giving me two months free? Hey, what, you're not even offering me one month free? It takes a while for that expectation to happen, because there's such a huge amount of concessions in the US. So, to me, there are a few markets, usually the smaller markets or very fast growing markets, where there's a recovery in 2026 but otherwise 2027 The first half of 2027 is recovery. The second half of 2027 is fast rent growth in a lot of markets. Why? Because remember, interest rates have been high since 2023 A lot of projects were started in 2022 went into construction in 23 came to market in 25 and 26 Lease ups are happening in 25 and 26 By early mid 27 these are all leased up, right? The second half of 2027 there isn't a lot of delivery in any of these big markets, because to deliver in the second half of 27 you would have started construction in that second half of 2025 and I counted those permits market by market. There's just not a lot, because by that time everyone knew that projects were not getting funded, everyone knew that interest rates were high, so there wasn't a lot of supply of new starts in the apartment market in the second half of 25 so there's not going to be a lot of delivery in the second half of 27 and all of the existing stuff would have been leased by then. So 2026 is one of those years where we could still see more concessions in the second half of 2026 I still see rent growth for apartments to be flat. You mentioned single family might be a little bit higher. It tends to be a little bit higher than apartments in terms of rent growth, but I think flat rent growth for 2026 is what I'm projecting. I'm projecting small rent growth in the first half of 2027 for most markets, and then I'm projecting robust rent growth, call it 3% or greater on an annualized basis, in the second half of 2027 and I'm projecting that most markets in the US that are not seeing a population drop, so count out places like Detroit are going to see a very aggressive rent growth, four or 5% rent growth, that's aggressive in our world, in 2028 28 and 29 are shaping up to be. Supply deficit years, years where supply is well under demand.   Keith Weinhold  40:05   It's pretty easy to project completions when you just go ahead and look at starts, and really, what you're counting is the story of absorption.   Neal Bawa  40:14   Yep, and what's nice about apartments is you can actually build a single family home in about nine months, right, but you can't build apartments in less than 24 months. There's just so much permitting issues, there's so many delivery issues, fire code issues, and so we have a crystal ball on the multifamily side that we are now getting better at using. I don't think the industry was very good at this in 2022 but now we're really all obsessed with how many permits does my metro have, and how many permits does my state, and how many permits does the US have? And everyone that I know in the industry that's data driven knows that there's a massive glut now, maybe a little bit of a glutton that remaining portion of 2026 equilibrium in 27 and a huge, huge supply deficit in 28 and 29 So everything that I'm doing is based on this, and this crystal ball actually works because of that two year gap between shovels in the ground and delivery,   Keith Weinhold  41:10   and it sounds like you've recommended Chat GPT as a go-to source for investors to look into these things, that happens to be my favorite one as well, and you are well, maybe it's a bit too much to say, but it almost feels like to me pioneering with the way that you use AI. In fact, I know before our show today you were running some other things in the background that made me wonder, hey, am I talking to the real Neil or the clone Neil? I know I've got the real Neil here, but why don't you tell us about how you're using AI to make data-driven decisions in real estate?   Neal Bawa  41:40   Sure, so the first thing is that we've completed our journey with the low hanging fruit of AI. Every single person in our company is fully trained on how to use Chat GPT. Most of our research-related processes are automated. For example, 100% of our investor updates are now written by Chat GPT. What we do is we go into our property manager meetings on Mondays or Tuesdays sit down with them, beat them up, and the transcript is then taken by our team in the Philippines. They take that transcript and put it into a pre-trained Chat GPT string, it's called a custom GPT, and the string took a while to train, but now that it's trained, all it needs is a transcript. We just copy paste it in, we don't give it any instructions, and it outputs a really wonderful investor update, right. And so our updates for our investors are 99% written by AI. Of course, we'll go in and add our comments at the end of the process. So we've automated investor updates, rent comps, so you know if we are underwriting a new property today, what we do is we simply go into a Google file and copy paste the address and hit enter roughly once a minute. A software, which is written by AI - we're not coders, but the software knows how to write code - it checks the file, if it sees a new address, it goes in there, grabs the address, and then it basically goes to apartments.com rent.com realtor.com and all of these places, and checks the rents for this particular property in two mile radius. It eliminates all the ones that don't match, like you don't want to match the rents of a 1970 or 80s built property with a brand new 25 built property. Those are not comps, it's not comparable. So it basically is very careful, it keeps a radius range of two miles, and also basically is a property of the same kind, you know, like it never matches up a three story property with a 10 story property. Those don't match, one of them obviously is more of a central business district or downtown sort of thing, and so it basically grabs all of those rent comps and then puts them into a file and posts in a Slack channel. Usually it takes it about 1213 minutes to do that, and so whoever put that address in about 12 minutes later goes into the Slack channel and says, "Hmm, these are all my rent comps, right? And boom, now you're basically, you have all these ready rent comps. So, what we've done is, we've automated a significant portion of what we are doing with both our property managers and inside the company with acquisitions and things like that, we're also scraping massive amounts of data from the Bureau of Labor Statistics website, which we just couldn't deal with that data before, and building very beautiful, very interactive dashboards. We don't use Chat GPT for that. We find for dashboarding a tool called Claude, which is by a company called Anthropic, is much better, so we have currently over 150 interactive dashboards that Claude has created that update in real time and give us access to data. If anything, I find that we are in this incredible time where decision making has become much easier, as long as you spend time with these tools. So, in our company we have an absolute mandate that no one has broken for the last year. One year per day, people must program, and by programming we mean issuing common language instructions to tools and build dashboards and build software that automates our work. Have we laid off anyone because of this? I mean that. Be the next obvious question. The answer is no, because it's made it easier for us to serve a much larger audience, so it's easier to grow your company. We just are not hiring anyone, and we haven't hired anybody for the last 18 months, so we have a hiring freeze, but at the same time all of our people are employed because they're they're now much more valuable. So everyone in our company is now a programmer, and even though that sounds weird, it's completely true.   Neal Bawa  45:24   Every single person in our company writes code, and they write code by talking with Cloud Code or talking with Chat GPT, and then Chat GPT, of course, does the actual code writing, but people have become very, very good at answering questions and saying, "I want a dashboard like this, turn these radio buttons into drop boxes, and give me the last month, and last three months, and last 12 months, and do this, and do that, and connect this, and I also want to host this on a server, but I want to make sure that only I can see it. I need a password added. Imagine 1000 of these conversations happening in our company every day. Yeah, that's interesting. And what you just described   Keith Weinhold  46:00   there at Gro Capitas is somewhat of a microcosm for what's happening in the broader economy, where we've been in this low high or low fire environment for quite a while. Well, Neal, as we're winding down here, we recently had a new Fed chair come in. It seems incomprehensible to me that there could possibly be any rate cuts. I don't know how we could responsibly make a rate cut with all these inflationary layers. We had the pandemic, and then terrorists, and then the Iran war, and the energy shocks, and all these bottled up supply chains. What are your thoughts with regard to the Fed?   Neal Bawa  46:29   I still think that we'll get one rate cut, and that rate cut will be based on political pressure. So, for the first time ever, I have seen the Fed break into factions, so if you look at the latest Fed meeting, which happened, you know, there was dissent, there were two clear factions, so the Fed is becoming less data driven and more faction driven, and I think that one of the factions, which obviously wants rate cuts to go down, is going to triumph at some point later in the year, but until we get past the incredible increase in inflation because of the Iran war, I don't think that faction is going to win. Right, there's three or four people in that faction, that's not enough votes to get past the others. So I'm predicting no rate cuts until Q4 of this year. If the Fed was entirely logical, there should still not be a rate card in Q4, but I think it'll happen because there's political pressure.   Keith Weinhold  47:25   The preservation of independence is key. Neil Bhawa, this has been great, and a lot of people learn from you. You're a brilliant educator, as well as what you're doing in the multifamily space, and a lot of other places. So, if someone wants to connect with you, learn more about what you do. What's the best way for them to do that?   Neal Bawa  47:43   So we built a website called Multi Family University. It's completely free. There is no subscription. There's no upsell. We do not have an educational product, but what we do is each year we have 8-12 webinars that we create with their extraordinarily good looking thanks to the use of AI. Yay, and we share them with an audience, and usually between 5000 and 1000 people attend our webinars each year, of which roughly 1% become investors with us. The rest, the remaining 99% just continue to get free access to data, and we cover every imaginable real estate topic: Single family, multifamily, industrial hotels, self storage, Airbnb, and even controversial topics outside of real estate, like climate change or impact of climate change and impact of AI. So you know, multifamily university is the best place you can go to, multifamily you.com/club It's a free club, and it's free forever.   Keith Weinhold  48:42   Neal, it's been valuable to our audience. Thanks so much for coming back out of the show.   Neal Bawa  48:46   Thanks for having me.   Keith Weinhold  48:53   Oh, a terrific, wide-ranging chat with Neal. There, yes, this interesting 2022 divergence between single family and multifamily, the slowing birth rate, and how that won't really catch up with real estate in a big way for perhaps 20 plus more years. How single family rentals beat multifamily on the basis of tenant retention, and a lot more that we covered there, and he's got a good data driven timeline for apartments being back in favor by 2027 and 2028 After the interview, Neil and I chatted some more off Mike, and he would like to come back on the show next year. We're probably going to have him, because we have a lot more to talk about at that time. We can see if the multifamily market is really healing. Also, did you pick up on this? I wonder why, for his own home he would get a 15 year mortgage at 1.75% interest, so I'll have to ask him about that. That's surely a fantastic interest rate, but a 15 year loan rather than a 30 year that maybe he could have gotten at two and a half percent at the time. Well, 15 year probably. Is not the best use of capital, because it increases your equity position rapidly. When instead, those dollars could have been out in the market earning an actual return somewhere else. But he's a smart guy, he must have an answer. We can talk about that at that time. We've got a lot of terrific shows coming up here on the GRE podcast, specific learning episodes, where it's just me teaching you, as well as new guests and returning guests too. 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.    Speaker 2  51:03   The preceding program was brought to you by Your Home for Wealth Building, getricheducation.com.  

Two decades on from the ecstatic electronic pop and rap that made her one of the most significant, ear-opening stars in music, the Sri Lankan-British singer M.I.A. returned in April with “M.I.7,” her seventh album and first in four years, documenting her latest swerve, this time toward born-again Christianity. Last week, she sued Kid Cudi for breach of contract after being removed from his tour in May following her onstage comments about “illegal” immigrants. Before filing her lawsuit, she sat down with Joe and Jon to discuss whether her legacy of incitement has been an obstacle to her legacy of art, how she's been both welcomed and rejected by either side of the American political spectrum and her recent spiritual awakenings.   - Watch the episode here Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

With the upcoming 250th anniversary of the United States, the youngest generation of lawmakers is demonstrating how they're working together more effectively and rebuilding trust in U.S. democracy.  Layla Zaidane, who leads Future Caucus, shares how the organization supports millennial and Gen Z elected leaders in Congress and state legislatures who are collaborating on bipartisan policy solutions. Amid declining trust in U.S. democracy, she tells us why its model is working and why it's a reason for hope—with data indicating that these young lawmakers are 24% more effective than their peers.

Hour 4 of Scotty G. & The Coach with Scott Garrard and Tim LaComb. Bryan Fischer, College Football writer for Sports Illustrated David Locke, Utah Jazz Radio Play by Play + MORE

The United States has proposed new tariffs against 60 trading partners, including Japan and Australia, alleging they have failed to implement and enforce bans on forced labor in their supply chains. The Australian government denies these claims, stating that the proposed 12.5% import tariff violates free trade agreements. - アメリカは、日本、オーストラリアを含む60の貿易相手国に対し、サプライチェーンにおける強制労働禁止措置の実施・執行を怠っているとして、新たな関税措置を提案しました。オーストラリア政府はこの主張を否定。提案されている12.5％の輸入関税は自由貿易協定に違反すると述べています。SBSの日本語放送は火木金の午後１時からSBS3で生放送！火木土の夜10時からはおやすみ前にSBS1で再放送が聞けます。SBS日本語放送ポッドキャストから過去のストーリーを聞くこともできます。無料でダウンロードできるSBS Audio Appもどうぞ。SBS 日本語放送のFacebookとInstagramもお忘れなく。

The United States has proposed a new set of tariffs on 60 trading partners, including Australia, alleging they have failed to impose and enforce forced labour bans in their supply chains. The Australian government has rejected the accusations and says the proposed 12.5 per cent import tax contravenes the free trade agreement.The United States has proposed a new set of tariffs on 60 trading partners, including Australia, alleging they have failed to impose and enforce forced labour bans in their supply chains.The Australian government has rejected the accusations and says the proposed 12.5 per cent import tax contravenes the free trade agreement.

The United States has proposed a new set of tariffs on 60 trading partners, including Australia, alleging they have failed to impose and enforce forced labour bans in their supply chains. The Australian government has rejected the accusations and says the proposed 12.5 per cent import tax contravenes the free trade agreement. - ایالات متحده امریکا مجموعه تازه ای از تعرفه ها را بر ۶۰ شریک تجارتی، به شمول آسترالیا، پیشنهاد کرده و ادعا دارد که این کشور ها ممنوعیت های کار اجباری را در زنجیره های عرضه شان وضع و به گونه موثر تطبیق نکرده اند. حکومت آسترالیا این ادعا را رد می کند و می گوید تعرفه پیشنهادی ۱۲.۵ درصدی با توافقنامه تجارت آزاد در تضاد است.

Two major college conferences are withholding support for a bipartisan college sports bill in Congress. Correspondent Gethin Coolbaugh reports.

Rod and Karen banter about talking through TV shows, catching a friend in a sticky situation, Karen’s new bonnet and Sir David Attenborough. Then they discuss Justice Department launches a criminal investigation into Trump accuser E. Jean Carroll, Federal judge refuses to block Trump order to create federal voter list and limit mail voting, U.S. Department of Defense reportedly recruiting troops to attend UFC event on White House lawn, Kevin Hart blamed for GOP moment of silence for killer of George Floyd, South Carolina jury finds store owner not guilty of murder in killing of Black teen, Bipartisan bill introduced to make lemon pepper official wing flavor of Georgia, 'He's gonna pay': Man lured embattled school board member outside his home by shutting off his power before trying to kill him, cops say, Woman broke into her ex-husband's house while he was sleeping and opened fire, Granny locked kids in park bathroom with pit bull outside after granddaughter's spat and sword ratchetness. Patreon: https://www.patreon.com/theblackguywhotips Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rodimusprime⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@SayDatAgain⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TBGWT⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheBlackGuyWhoTips⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠theblackguywhotips@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Blog: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.theblackguywhotips.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Teepublic Store⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠- https://the-black-guy-who-tips-podcast.dashery.com/ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Amazon Wishlist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ – https://www.amazon.com/hz/wishlist/ls/1PDD9JUQUNVY5?ref_=wl_share ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Crowdcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ – https://www.crowdcast.io/theblackguywhotips Voicemail: ‪(980) 500-9034Go Premium: https://www.theblackguywhotips.com/premium/See omnystudio.com/listener for privacy information.

President of the New York Yankees and Chairman of the Presidential Committee on College Sports Randy Levine joins the Brian Kilmeade Show to pull back the curtain on a revolutionary, bipartisan Senate bill designed to save college sports. Levine exposes the backroom "collectives" and under-the-table financial schemes bypassing current salary limits, which are forcing universities to cut vital Olympic and women's sports. He lays out the hard rules of the new legislation—including a strict transfer portal cap, age limits, and the federal registration of agents—and issues a blunt challenge to major universities to prove if they are serious about protecting student-athletes or just running a sham. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In a new episode of Project NIL with Anthony Gargano & Geoff Schwartz in for Daniel DiBerardinis discuss how youth athletes have to adjust to different sized fields the older they get playing sports, how the new Bipartisan bill that limits number of transfers for college athletes and proposes a salary cap for NIL, they then discuss how certain states have certain laws in place that make it easier or harder for colleges to pay athletes & MORE! See omnystudio.com/listener for privacy information.

• The Senate comes up with a bill that could restore a bit of sanity in college athletics.• Who won and who lost in the lead-up to the NBA Draft.• The Players Era tournament releases its pairings, and the tournament could have some big-time competition in '27.• Kevin and Chris did not consult one another before acquiring new vehicles for their basketball travels.• Kevin gives the full report on seeing Eagles in concert, and Chris talks about his recent dive into the catalog of the Brothers Doobie.All Blue Ribbon college basketball podcasts are available on Apple Podcasts and Spotify.You can also listen in your email client or click on the “Listen In Podcast App” link above to listen in your podcast player of choice. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit blueribbon.substack.com

Congressional lawmakers are trying to pass a bill to address a shortage of affordable. The would limit the number of rental homes large investors can own and make it easier to build and buy homes made in factories. The Wall Street Journal's Rebecca Picciotto explains more.Then, CNN reports that President Trump's Department of Justice is investigating whether E. Jean Carroll committed perjury in her two civil lawsuits against the president, one alleging sexual abuse and another for defamation. Carroll was awarded millions in damages, but Trump is appealing those judgements. CNN's Hannah Rabinowitz shares more from the reporting.And, Trump's family has their own cryptocurrency startup and also ties to prediction markets. Investigative reporter Sharon LaFraniere from the New York Times gives more details on reporting showing that the Trump administration dialed back enforcement of those industries.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

This week, Dave and Ben sit down to discuss a growing bipartisan effort to support CISA. Throughout the conversation, the two look at how lawmakers from both sides of the aisle are showing greater support for CISA after the Trump administration cut its budget and workforce. Both Representatives Don Bacon and James Walkinshaw voiced their support for the agency, emphasizing that it was essential to protecting civilian networks and critical infrastructure. Additionally, the two look at the Pope's recent warning on AI. While this show covers legal topics, and Ben is a lawyer, the views expressed do not constitute legal advice. For official legal advice on any of the topics we cover, please contact your attorney.  Links to today's stories: Lawmakers from both parties say CISA cuts have gone too far.⁠ Pope Leo says AI must be 'disarmed' in first major teaching. Get the weekly Caveat Briefing delivered to your inbox. Like what you heard? Be sure to check out and subscribe to our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Caveat Briefing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, a weekly newsletter available exclusively to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠N2K Pro⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ members on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠N2K CyberWire's⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ website. N2K Pro members receive our Thursday wrap-up covering the latest in privacy, policy, and research news, including incidents, techniques, compliance, trends, and more. This week's Caveat Briefing ⁠looks into California's new Executive Order, which aims to address concerns related to AI-related job displacement. Curious about the details? Head over to the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Caveat Briefing⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for the full scoop and additional compelling stories. Got a question you'd like us to answer on our show? You can send your audio file to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠caveat@thecyberwire.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Hope to hear from you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Opening today's program of Robby & Rexrode, they discuss the newly proposed bipartisan Senate bill, "Protect College Sports Act". Will this bill be effective and pass? CFB spring meetings are underway, and Greg Sankey has another controversial claim on the SEC despite no supporting metrics. Does Tennessee have a coaching issue or bad luck? Why does it seem their star players and recruits are lacking offseason participation in recurring seasons? Best and Worst in sports from Robby, Joe, Ian, and your text line thoughts!

Mike Johnson, Ali Mac, and Beau Morgan react to the news that a group of U.S. senators introduced new and wide-sweeping legislation yesterday that aims to address many current issues in college sports, including an effort to restore some rule-making power to the NCAA and open the possibility for conferences to sell their lucrative television rights as one large group called ‘The Protect College Sports Act', which was written after months of negotiation between Republican Ted Cruz and Democrat Maria Cantwell, and would provide the NCAA with an antitrust exemption to enforce several rules that have been challenged in court in recent years. Mike, Ali, and Beau explain why they think ‘The Protect College Sports Act' has some common sense rules that should be in place in college sports.

THE DRIVE starts with quite the philosophical conversation on wearing the same shirts & drawls consecutively without washing. Clint & Ron dive more into Nico Collins the day after his contract got readjusted. The fellas look at the latest collegiate athletics news as a new bill looks to save what we all love about college sports.

In early May 2026, transport vans rolled out of Ridglan Farms in Blue Mounds, Wisconsin, carrying beagles toward new lives—grass under their paws, sunlight on their faces, and homes instead of stacked wire cages. Nearly 1,500 beagles were purchased by rescue organizations like Big Dog Ranch Rescue and the Beagle Freedom Project after years of documented suffering at one of the nation's largest commercial beagle breeders for biomedical research. This outcome marks a rare, tangible win for animal advocates. But it came only after daring direct-action raids, mass protests met with tear gas and rubber bullets, a special prosecutor's investigation, and persistent legal pressure. Even now, roughly 500 dogs may remain behind as Ridglan winds down its commercial breeding operations by July 1, 2026. The Ridglan story is not just about one facility. It exposes deep, systemic failures in U.S. law that leave millions of animals in laboratories with minimal protections—and even those “covered” by federal rules often receive little meaningful relief. The Raids That Forced Change On March 15, 2026, activists from groups linked to the Coalition to Save the Ridglan Dogs breached fences and buildings at Ridglan Farms. They removed around 22–30 beagles. Some were successfully rehomed; others were recovered by police. However, an estimated 2000 beagles remained in captivity, potentially subject to additional horrific experimentation. Our guest, Dean Guzman Wyrzykowski, was one of these activists. A second, larger action on April 18 drew roughly 1,000 protesters to rescue the remaining beagles. Law enforcement responded with tear gas, pepper spray, and rubber bullets. No additional dogs could be rescued that day. Dozens of protesters were arrested, including our guest on The Breggin Hour, Dean Guzman Wyrzykowski, a San Francisco Bay Area-based animal rights activist and political organizer. He is co-founder of The Simple Heart Initiative—a nonprofit dedicated to advancing species equality through open rescue, impact litigation, undercover investigations, and activist training. With over eight years in nonprofit advocacy, Dean has recruited and trained hundreds of activists and is one of the lead organizers of the Ridglan campaign. He now faces serious felony burglary charges—potentially up to 12 years in prison—along with several co-defendants for the first March 15, 2026, rescue effort. Further charges may be pending. As a top priority, we urge that the charges be reduced or dropped to reflect the vastly important ethical basis of the actions of these animal advocates. How to Help Dean Dean reports that the best way to assist him with legal costs is to become a paid subscriber to his Substack at Urbananimal.substack.com. To support ending the breeding of dogs for lab testing, go to Save the Dogs, make a donation, and join over 111,581 others who have already signed the petition to end breeding of dogs for laboratory use. These weren't the first efforts to expose and stop the abuses of these dogs. Ridglan had faced scrutiny for years, including earlier investigations. The raids amplified public outrage and accelerated negotiations between rescuers and Ridglan Farms. In late April, rescue groups announced they had reached a deal to acquire ~1,500 dogs. Transports began in early May, with many “frosted face” seniors (older dogs with graying muzzles) now adjusting to life outside the facility—initially flinching at touch but quickly learning to wag tails and play. Decades of Alleged Cruelty at Ridglan — and Why It Is Winding Down Ridglan Farms operated for decades as a major supplier of beagles for testing. Former employees and state inspections described windowless warehouses, stacked cages over waste pits, high ammonia levels, rusted wires causing injuries, and routine surgeries (including eye procedures and devocalizations) performed without anesthesia or proper pain relief—sometimes by non-veterinarians. In 2025, Wisconsin's Department of Agriculture, Trade and Consumer Protection (DATCP) cited Ridglan for hundreds of violations. A judge found probable cause for animal cruelty. Special Prosecutor Tim Gruenke was appointed to investigate. Rather than face criminal charges, Ridglan chose to wind down. In a negotiated settlement in late 2025, the company agreed to surrender its Wisconsin commercial dog-breeding license by July 1, 2026. This effectively ends its large-scale commercial breeding and sales of beagles to external laboratories. In exchange, the state dropped the threat of felony animal cruelty prosecutions. This agreement was driven by years of accumulated citations, whistleblower testimony, undercover investigations, and intense public and activist pressure. While Ridglan can still conduct limited on-site research under its federal USDA licenses, its days as a major commercial beagle supplier are over. Parallels with Envigo and Other Scandals Ridglan is far from isolated. In 2022, a major scandal erupted at Envigo's breeding facility in Cumberland, Virginia. PETA's undercover investigation revealed severe neglect: inadequate food, veterinary care, housing, and staffing; dead puppies were left among litters; and unqualified staff performed invasive procedures. The U.S. Department of Justice intervened, leading to the rescue of over 4,000 beagles—the largest such seizure in U.S. history. Envigo (and its parent company Inotiv) later pleaded guilty to conspiring to violate the Animal Welfare Act and the Clean Water Act, agreeing to pay a record $35 million+ in fines and shutting down the breeding operation. From the Beagles to the Breggins, Senator Bill Stanley Sought Justice for the Underdog At a state level, key Virginia state legislators were involved in advocating for stronger animal welfare regulations in response to documented Animal Welfare Act violations, poor conditions, and high puppy mortality in the facility. Sen. Bill Stanley (R-Franklin County) was a leading champion at the state level. He visited the facility multiple times, co-sponsored several “Beagle Bills” in 2022 (e.g., SB 87, SB 88, SB 90, SB 604) to increase oversight, close loopholes for research animals, require adoption offers before euthanasia, and penalize repeat violators. He adopted two Envigo beagles (Daisy and Dixie) and worked on adoptions/rescues. We are especially happy to acknowledge Sen. Stanley's contributions because, among several attorneys we contacted to defend us against Robert Malone's lawfare defamation suit against us for $25 million, Bill was the first attorney willing to seriously pursue our case, which ended in the presiding judge throwing Malone's case out of court. From the beagles to the Breggins, Senator Stanley has sought justice for the underdog. The Sand Fly Experiments and High-Profile Scandals Public outrage over government-funded beagle suffering peaked in the early 2020s with revelations about NIH-funded experiments under Dr. Anthony Fauci's National Institute of Allergy and Infectious Diseases (NIAID). One widely criticized study involved beagle puppies in Tunisia exposed to sand flies carrying parasites (to study leishmaniasis). Reports described dogs having their heads locked in mesh cages filled with infected sand flies, being used as live bait in desert cages overnight, and in some cases undergoing cordectomies (vocal cord removal) to silence barking. The experiments sparked bipartisan congressional criticism and intense media coverage. The Nonhuman Rights Project (NhRP) and partners filed habeas corpus petitions seeking court recognition of the Ridglan dogs' right to freedom from cruelty and immediate remedies. While initial petitions faced dismissal, appeals continue for the remaining animals. Why U.S. Law Fails Experimental Animals The core federal statute is the Animal Welfare Act (AWA) of 1966 (and its amendments), enforced by the USDA's Animal and Plant Health Inspection Service (APHIS). It sets minimum standards for housing, feeding, veterinary care, and handling of certain animals. Critical Limitations Include: Massive Species Exclusions: Rats, mice, and birds bred for research—accounting for roughly 95% of lab animals—are explicitly excluded. Cold-blooded animals and others also fall outside coverage. Weak Standards for Covered Species: Even for dogs, cats, primates, etc., the AWA permits painful procedures if deemed “scientifically necessary.” There is no outright ban on specific types of experiments. Self-Regulation via IACUCs: Institutional Animal Care and Use Committees—dominated by researchers at the institutions they oversee—review protocols. Approval rates hover near 98%, with limited external oversight. Enforcement Gaps: Under-resourced inspections, reliance on self-reporting, and modest penalties limit impact. Ridglan itself had passed many USDA inspections despite state-level findings of serious issues. Property Status: Animals remain legal property. Novel habeas efforts like the Nonhuman Rights Project (NhRP) challenge this but face significant judicial hurdles, as courts have historically rejected animal “personhood” claims. For those of us who learned in childhood about unconditional love from our dogs, they are not only of equal value to people, but they seem on a higher spiritual level in the love they have given to us. Other frameworks, such as the Public Health Service Policy, apply only to federally funded research and offer even less robust enforcement. The 2022 FDA Modernization Act opened doors to non-animal alternatives, but broader statutory mandates for the “3Rs” (Replacement, Reduction, Refinement) remain limited. Reform efforts often stall due to powerful research lobbies, congressional agriculture committees' oversight, and public support for medical research that can overshadow welfare concerns. Broader Context and the Path Forward Ridglan and Envigo show that systemic problems persist despite occasional rescues and fines. Millions of animals continue to be used annually in U.S. labs, yet positive developments exist: growing adoption of alternatives (organ-on-chip, AI modeling, human cell cultures), increased rehoming programs, and shifting public opinion favoring stronger protections. The Ridglan victory shows that sustained pressure—investigations, lawsuits, public protest, and direct rescue—can force change where law falls short. Yet relying on activists risking felony charges is not sustainable. Meaningful reform requires: Expanding Animal Welfare Act coverage to all vertebrates. Stronger, independent oversight and enforcement with real penalties. Mandatory consideration and funding for non-animal methods. Judicial tools (like effective habeas relief) to address cruelty in licensed facilities promptly. A Call to Readers The beagles now tasting freedom represent hope—but hundreds may still face uncertainty, and systemic issues persist for countless others. Share their stories. Support reputable rescues and organizations like The Simple Heart Initiative, the Nonhuman Rights Project, Beagle Freedom Project, and others working on legal and legislative fronts. Contact your representatives and demand real modernization of the Animal Welfare Act. Persistence works. Now we must translate outrage into lasting legal change—so no more facilities like this exist in the first place. What are your thoughts on balancing research needs with animal welfare? Have you followed the Ridglan story, the Envigo case, Dean's work, or the earlier sand fly scandals? Drop a comment or share this post. References / Endnotes Wisconsin Examiner / Milwaukee Journal Sentinel coverage of Ridglan rescues and settlement (2026). Nonhuman Rights Project – Ridglan Beagles case page. U.S. Department of Justice – Envigo sentencing and $35M+ resolution (2024). Bipartisan congressional letters on NIAID/Tunisia sand fly experiments (2021). Dean Guzman Wyrzykowski / The Simple Heart Initiative statements (2026). USDA Animal Welfare Act overview and limitations. Additional reporting from WPR, Right to Rescue, and related investigations.   ______   Learn more about Dr. Peter Breggin's work: https://breggin.com/   See more from Dr. Breggin's long history of being a reformer in psychiatry: https://breggin.com/Psychiatry-as-an-Instrument-of-Social-and-Political-Control   Psychiatric Drug Withdrawal, the how-to manual @ https://breggin.com/a-guide-for-prescribers-therapists-patients-and-their-families/   Get a copy of Dr. Breggin's latest book: WHO ARE THE “THEY” - THESE GLOBAL PREDATORS? WHAT ARE THEIR MOTIVES AND THEIR PLANS FOR US? HOW CAN WE DEFEND AGAINST THEM? Covid-19 and the Global Predators: We are the Prey Get a copy: https://www.wearetheprey.com/   “No other book so comprehensively covers the details of COVID-19 criminal conduct as well as its origins in a network of global predators seeking wealth and power at the expense of human freedom and prosperity, under cover of false public health policies.”   ~ Robert F Kennedy, Jr Author of #1 bestseller The Real Anthony Fauci and Founder, Chairman and Chief Legal Counsel for Children's Health Defense.

The fellas look at the latest collegiate athletics news as a new bill looks to save what we all love about college sports.

"While the word 'climate' may be politically charged for some, the need for affordable, reliable, and secure energy is something we can all agree on. Americans are calling for action, and as Members of Congress it's our responsibility to deliver. If we want long-term solutions that address both our constituents' concerns and growing climate risks, we must work together to strengthen our energy and climate security with urgency." Congresswoman Chrissy Houlahan to Electric Ladies Podcast  As we in the U.S. commemorate Memorial Day this week and express gratitude for the sacrifice of thousands of servicemembers on behalf of our country, we are re-airing a landmark interview from last year with an Air Force veteran and Congresswoman who is working tirelessly and on a bipartisan basis to protect the climate and our energy systems. Listen to Congresswoman Chrissy Houlahan of Pennsylvania, who is co-chair of the Bipartisan Climate Solutions Caucus, a rare example of cooperation on Capitol Hill. She's also co-chair of the bipartisan Women in STEM Caucus and shares insights into how to build bipartisanship, protect our infrastructure from extreme climate events and provide clean, affordable energy.   You'll hear about: ·        How Pennsylvania's political landscape shapes the path of climate legislation ·        What the Bipartisan Climate Solutions Caucus is doing to advance the clean energy transition ·        How extreme weather events can open the door to bipartisan climate action ·        Why Congresswoman Houlahan's leadership with the Women in STEM Caucus matters ·        Plus, insightful career advice   "Recognize that whatever you choose to do right now is not the end decision for the rest of your life. When you look backwards it's going to make sense, but when you look forward, it's going to be a crooked line. It's not going to be a straight line to somewhere, so do not to be too hard on yourself, do not try to seek perfection." Chrissy Houlahan on Electric Ladies Podcast     You'll also like: ·        Most Americans Want Climate Action, Study Says. How To Bridge The Political Divide, ELP Host Joan Michelson's article that includes Congresswoman Houlahan. ·        Women Rewriting The Climate Conversation, a panel from The Earth Day Women's Summit moderated by Joan Michelson ·        People Leveraging Carbon Markets to Save Their Land - with Stacey Solie, Executive Producer of the Documentary, "From the Ground Up" ·        The State of Energy Today Might Surprise You - with Lisa Jacobson, CEO of the Business Council for Sustainable Energy and Coauthor of the 2026 Energy Factbook ·        Hilary Doe, Michigan's Chief Growth Office on how the state is turning IRA Credits into Growth ·        Sherri Goodman, former Deputy Undersecretary of Defense, on why climate change is an issue of national security. ·        Joan Michelson's Forbes article on Fossil Fuels, War And Climate: Women On The Frontlines Call For A New Security Mindset Subscribe to our newsletter to receive our podcasts, articles, events and career advice – and special coaching offers. Elevate your career with expert coaching and ESG advisory with Electric Ladies Podcast. Unlock new opportunities, gain confidence, and achieve your career goals with the right guidance. Subscribe to our newsletter to receive our podcasts, articles, events and career advice – and special coaching offers. Thanks for subscribing on Apple Podcasts, iHeart Radio and Spotify and leaving us a review!   Don't forget to follow us on our socials Twitter: @joanmichelson LinkedIn: Electric Ladies Podcast with Joan Michelson Twitter: @joanmichelson

The news to know for Thursday, May 21, 2026! What to know about landmark criminal charges against the former president of Cuba, and why the U.S. is now taking action over something that happened decades ago. Also, a bipartisan effort to address American housing costs. And another key health task force getting an overhaul. Plus: the Memorial Day weekend travel forecast, the new policy limiting how well Harvard students can do in classes, and the final bow for Stephen Colbert and The Late Show. Those stories and even more news to know in about 10 minutes!    Join us every Mon-Fri for more daily news roundups!  See sources: https://www.theNewsWorthy.com/shownotes Become an INSIDER to get AD-FREE episodes here: https://www.theNewsWorthy.com/insider Get The NewsWorthy MERCH here: https://thenewsworthy.dashery.com/ Sponsors: Head to Greenchef.com/50NEWSWORTHY and use code 50NEWSWORTHY to get 50% off your first month, then 20% off for two months. Get Hiya's best-selling children's vitamins! Receive 50% off your first order. To claim this deal you must go to hiyahealth.com/NEWSWORTHY. To advertise on our podcast, please reach out to ad-sales@libsyn.com

With the cost-of-living rising, a new bipartisan effort is aiming for the housing crisis. The 21st Century ROAD to Housing Act passed the House this week with overwhelming support. Congressmen French Hill (R-AR) and Emanuel Cleaver (D-MO) joined Bret to discuss how this legislation intends to lower the barrier to entry for first-time homebuyers across the nation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12/16: King Charles III visited the United States and Bermuda, receiving bipartisan acclaim in Congress for his defense of constitutional checks and balances. Despite health concerns, the King successfully revitalized the special relationship and was lauded by a Bermuda rabbi for his family's historical protection of Jews. Gregory Copley reports.

Something massive is happening across America — and almost nobody in mainstream media is covering it. From Texas to Ohio, from Georgia to Wyoming, communities are rising up against the explosive growth of AI data centers. What started as isolated local pushback is now turning into a nationwide, bipartisan movement — one that looks a lot like the Tea Party, but bigger. I explain why the opposition is so visceral and how the sheer size and pain from these projects juxtaposed to their negative output makes this different from other anti-infrastructure movements that were only supported by the Left.  Learn more about your ad choices. Visit megaphone.fm/adchoices