Podcasts about Center City

Keith explores how real estate strategies have shifted from the 1980s to today and explains why investors need to adapt deal structures to changing interest rates, lending conditions, and market cycles.  He highlights current opportunities in new construction and builder rate buydowns, along with the long-term benefits of fixed-rate debt.  Keith is joined by economic futurist and author Richard Vague, who challenges conventional beliefs about inflation and interest rates and explains how government intervention, war, and supply constraints shape asset prices and leverage decisions. Together, they provide a big-picture framework for understanding how today's macro environment affects real estate investing decisions. Episode Page: GetRichEducation.com/621 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  Join Mid South Home Buyers' one-time, free live webinar featuring Keith Weinhold on September 30 at GetRichEducation.com/MidSouth to learn how Memphis' economic expansion could create new real estate investment opportunities, and have your questions answered in real time. 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  0:01   Welcome to GRE. I'm your host Keith Weinhold. Learn how dramatically real estate has changed from the 1980s through the late 2020s. We'll be sure that your approach is changing with it. Then a great guest and I discuss how war and future calamities will affect mortgage rates, inflation, and your real estate today on Get Rich Education. What if I told you that one of America's strongest cash flow real estate markets is also becoming the new brains and brawn behind AI? That city is Memphis, believe it or not. In September 30th, we're going to show you why the smart money is paying attention now, along with an investing opportunity you won't want to miss. Join me, Terry Kerr and Matthew Van Horn of Mid South Home Buyers, the largest turnkey company in Memphis with more than 6,000 homes under management, for a free live webinar, the likes of which I've never done before. We're going to look at what billions in new investment could mean for jobs, housing demand, neighborhood appreciation, and your portfolio. Everyone who attends live will also get exclusive access to the best deal terms Mid South has ever offered. Reserve your free seat at getricheducation.com/midsouth. Again, that September 30th. Don't say we didn't tell you. Save your spot at getricheducation.com/midsouth.   Speaker 1  1:35   You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  1:51   Welcome to GRE from Cambridge, England, to Cambridge, Massachusetts, and across 188 world nations. I'm Keith Weinhold. You're inside Get Rich Education. You could be doing anything with your time. I'm grateful that you choose to listen to me every week. You know, real estate investors sometimes say, "Ah, there aren't any deals anymore. What they usually mean is the deal structure that they learned five years ago stopped working. There are always opportunities in real estate, but your approach changes with interest rates, lending standards, inventory, construction, government policy, and just the overall economic cycle. The best investors don't wait for yesterday's market to return. That's like someone still hoping for Blockbuster Video Store to reopen. They identify what today's market is offering instead. Just consider this historic retrospective on real estate investing from the Reagan administration to today, in 1981, the 30-year mortgage rate peaked above 18.6%. I mean, just imagine proudly telling your friends that you locked in at 17% before rates went higher. That mortgage needed its own defibrillator. By 1984, rates were still near 16%. The strategy then, the approach, was for a buyer to assume the existing owner's lower rate mortgage that they locked in a few years earlier, perhaps in the late 70s, that's how you got a good deal, assuming that existing owners lower-rate mortgage. You can't do that so easily today.   Keith Weinhold  3:50   By the late 80s and early 90s, the opportunity shifted from assuming attractive debt to buying distressed properties. The S and L crisis was upon us. Savings and loan failed lenders found themselves holding piles of distressed real estate, so investors bought foreclosures and REOs at discounts. They improved neglected buildings and then they repositioned them for income. You probably know that REO stands for real estate owned on a bank's balance sheet. All REO means is bank-owned property, but that's what you did. You found those, and then you scooped up a deal that way. As the 1990s progressed, interest rates declined, and loans also became really easy to obtain. We were tilting into the loosey-goosey easy lending environment. In the 90s, it was popular to buy an undervalued property, renovate it, raise the rent, and refinance it based on the improved value. That process later got a buzzy acronym and became known as the Burr strategy: buy, rehab, rent, refinance, repeat. By 2005, financing got more creative. This is when I was a new real estate investor. I remember obtaining what were known as 8015 five combo loans. This meant an 80% first mortgage, 15% second mortgage, and 5% down payment. You remember those? If you've been around for a while, you do. And see, this way you could avoid paying PMI, and you could control property with an astounding 20 to one leverage ratio due to that 5% down payment, but soon enough lending just got absolutely too creative and easy. The quiet lending party turned into a boisterous kegger, delivering the 2008 financial. crisis, and pretty soon I could no longer get any loans. From 2009 through the early 2010s, you could buy foreclosures and short sales at enormous discounts if you could find the loan.   Keith Weinhold  6:20   Financing was tough, but prices were super low. It might have even made sense to pay cash at that time. Fear was everywhere right after the global financial crisis. I mean, it really took courage to act when others were hiding under the bed. By 2020 and 2021, the opportunity changed from cheap property to cheap money. Mortgage rates dropped below an absurd 3% as a result of the COVID pandemic. You could lock up extraordinarily cheap debt for less than the inflation rate, and then let inflation nibble away at it like Pac-Man. Of course, a lot of us are still benefiting from that today, but that opportunity is long gone now. But it doesn't mean that deals are gone today. Where's the opportunity? One of the best ones is often found in new construction, large build. have got to keep moving their inventory as they build these homes because they have got to keep their crews busy. An unsold house for a builder-I mean-that produces as much income as an unplugged Bitcoin miner. Rather than make conspicuous price reductions, builders use their financial muscle to buy down mortgage rates for you, often in the 5% range or even lower.   Keith Weinhold  7:52   Builders might also offer you closing cost assistance, upgraded finishes, or other incentives that a single resale seller just can't match. So from the Reagan administration to today, over 45 years, the winning strategy just keeps morphing. It started out back then as assume the loan, over to buy distress, then to renovate and refi, then it was a creative financing wave, and then cheap debt, and today take the builders buy down. That's where we are. The mistake is deciding in advance what a deal is supposed to look like. The best deal structure changes, and of course, it's going to change again. The investor who keeps fighting the last war is always going to conclude that the opportunity has disappeared, but it hasn't. It's just changed clothing. Still, though, today's new purchases now-they're not as good as the deals that they were five years ago, but the best investors keep investing. They keep adding to their portfolio. It's what they've always done. Absolutely zero winning investors that are successful over time look back and say things like, "I didn't add anything to my portfolio during that 10-year span for this or that reason, the market changes, and you've got to adapt with it. That's a way to think about it. Take solace in knowing a few things. Deal structure changes over time are inevitable. And larger picture, you are investing in a product that is sustainable residential real estate in the form of long-term rentals. These entry-level properties are a scarce asset that people are going to continue to need. I mean, that's what we do here. Just compare. To the fads that we avoid around here, like NFTs, metaverse real estate, which we discussed on the show a few years ago, but said is highly dangerous, eye buying, value add apartment syndications, SPACs, or how about ICO funded altcoins? We don't chase the latest hot thing here at GRE. It is about what's sustainable, necessary, and cannot be easily disrupted by AI, and that's one reason that Get Rich Education is still standing strong after 52 episodes every year for almost 12 years now. Shortly, we're going to bring in a rather esteemed guest today on the future direction of interest rates and inflation. Interestingly, he believes that raising interest rates does not cool inflation, and that's contrary to popular belief. I'm going to press him on this and ask why, but first, our new Fed chair, Kevin Warsh. He's only been on the job a few months now.   Keith Weinhold  11:07   He is gaining a reputation for not forecasting what they're going to do ahead of time, like his predecessor had. I guess I tend to like his disposition and the way that he communicates, I sense some pragmatism with Warsh, but gosh, it often seems that a new Fed chair gets off to a well liked start, and then they do something that lots of people criticize. Like, remember in 2004, late Fed Chair Alan Greenspan suggested more borrowers could benefit from adjustable rate mortgages shortly before rates rose and ARM resets became financial landmines. In 2007, Ben Bernanke said that subprime mortgage problems were likely to be contained. Oh, right after that, they helped trigger the global financial crisis, and more recently, the Jerome Powell gaffe, which I'll mention in the interview shortly. Here's what current Fed Chair Warsh says about inflation:   Kevin Warsh  12:14   For some households, businesses, and market professionals, five years of high inflation have left a mistaken impression, that's hard to shake, that the Fed's implicit inflation target was somehow above 2% Let me reiterate, there is no soft inflation target. There is no soft implicit target, not on this committee's watch. There's only a target, and it's 2%   Keith Weinhold  12:42   It's obvious that he is serious about getting inflation back down to 2% That tends to point toward interest rate increases. Let's discuss that and more with this week's brilliant guest. This week's guest is an economic futurist keynote speaker, and he's quite a popular author. He is chair of the board of the Public School Employees Retirement System. That's the largest public pension fund in Pennsylvania. Previously, the Pennsylvania governor appointed him as the secretary of banking and securities for the Great Commonwealth of Pennsylvania, he's also the founder and president of several various organizations today, and he serves on several boards, including at the University of Pennsylvania and the School District of Philadelphia. I mean, I hardly know how he has time to do it all, but he made time for us today. Hey, it's great to welcome back Richard Vague.   Richard Vague  13:45   It's such an honor to be with you. I certainly enjoyed our last session, and it's really wonderful to be back.   Keith Weinhold  13:51   Well, and so much has changed since you were last here, Richard. First, why don't we pull back and talk to us about the general state of the national economy today, as you see it.   Richard Vague  14:04   ou know the economy was rocking along okay, and you know since you guys are such experts in real estate, I'll tell you one of the most important statistics, in my opinion, is the number of unsold homes, and by all rights, that number should be about 2 million homes. It's only about a million and a half. So there's a deficiency in our housing stock in the United States, which is, yeah, I think good news for the housing industry. It's always good to have a reason to have to grow. You may recall that in 2007, that had gotten up to four millinomes, which was a catastrophe, as we all know. So, it's the economic statistic I looked at first and most closely, and that was, you know, an okay number, and a lot of the things were going along. You know, not fabulous, but not terrible. Things were kind of moving. And all of a sudden now we have the war in Iran, and that's creating all sorts of problems for us, which you know I think you guys are concerned about. So I generally think the economy's been good, but there's a lot of dark clouds on the horizon.   Keith Weinhold  15:15   You know, Richard, I was recently sharing something remarkable with our audience. To your point, just since 2020, consider all the calamities that we've had: COVID, Ukraine, Israel, Gaza, tariffs, and the Iran War. Just since 2020, what's the result of all that? Both stocks and residential real estate are near all time highs.   Richard Vague  15:42   Yeah, well, you know, one of the things that's true is that this is something I go to in great detail in my book Paradox. But the more debt there is, the higher asset prices go.   Keith Weinhold  15:53   Yeah.   Richard Vague  15:54   You know, in the case of housing, that broadly helps middle America. In the case of the stock market, the top 10% of the country owns 87% of the stocks, so that tends to go to the wealthiest instead of to the broad population. But yeah, those two things are at highs.   Keith Weinhold  16:12   You're touching on your well-received 2023 book, The Paradox of Debt, and you know, Richard, amidst all these calamities and all this potentially unprecedented level of government intervention that we've had-you know-it makes one wonder during the next crisis, which is inevitably going to happen, will the government just step in and provide relief again? And how would that look?   Richard Vague  16:38   You know, I think that's one lesson that government has learned indelibly. Way back in 1929, in the couple of years that followed, the government did not step in, and we saw what happened. And I think there's a generation of economists that understand the role of government in a calamity, and you know it's pretty simple. You know the government comes in and crops up financial institutions as they did in 2008, simply by providing the liquidity or buying the bad assets, or the government steps in with relief checks as they did in such a massive way in 2020. But the government has learned that at least to some degree, it needs to intervene. I can't imagine that ever not being true.   Keith Weinhold  17:26   Goshmright when you think about 2020s stimulus and how emergency lending facilities were set up, you had the payment protection program, stimulus checks, mortgage loan forbearance. It's just like this government won't let the asset holders fail.   Richard Vague  17:46   Well, yeah, you know, there's failure, and then there's something that's hurtful but not quite failure. You know, I can imagine that the government will be able to prevent, in some circumstances, certain asset prices going down some amount, it's actually fairly commonplace for stocks to go down 10 or 20% I can see real estate prices going down as they have in the commercial office space. Yeah, but yes, the government will step in when those things become extreme to prevent a true calamity.   Keith Weinhold  18:19   Of course, one consequence of the interventionism is elevated inflation. I know how you've talked before about how the level of inflation is higher than most people think. For example, you'll see today's CPI numbers in the mid threes. Talk to us some more about why inflation is higher than most people think.   Richard Vague  18:41   Well, I have studied inflation, you know, fairly diligently, and inflation really relates to the constriction of supply. And if you look over the 250-year history of the United States, we haven't had that many episodes of bad inflation, and they've always related to a constriction of supply. Most of them have occurred during a war when, for obvious reasons, you know, supplies are constricted. The big 1970s episode of inflation was because OPEC, which had so much more power back in those days, acted to you know punish the United States by constricting supplies, and the price of a barrel of oil went from $4 to $40 a barrel. Yeah, between 73 and 79. COVID was another instance where inflation related to constriction of supply. That was you know people couldn't go to the meat factory to cut meat. People couldn't go to the factories to build things, so all of a sudden our supplies were decimated, and we had a short burst of very painful inflation. Well, now we've got the straight of four moves, and that is impacting the price of oil. I think it's going to impact the price of oil more going forward because. Because we've been able to rely on reserves, both the U.S. has been able to rely on reserves, and China has been able to rely on even greater reserves. And you know we haven't seen the brunt of that, but unless something's resolved pretty quickly, I think in the fall and winter we're going to see even more problematic prices there. But we know agricultural prices and even the flow of commodities like wheat are constricted by the constraints in the Strait of Hormuz and, frankly, other waterways as well. Now, one of the things the numbers that you see reported tend to underreport inflation because it looks at a year-over-year number and doesn't really capture it if it's moved up more sharply in the last month or two. So we look at it on a month-by-month. We you know we break it down about as to as many parts as you can break it down into. But PPI, which is kind of a leading indicator on the eventual CPI PPI's producer price index, it was 4.7% this last month. That would suggest to you that things which are in the mid threes now, which is more higher than we want, you know, probably trending over. Maybe not next month, but you know, over the next three to six months, I'm not going to be surprised if the number's more in the four to five range. So, yeah, I think inflation's being somewhat underreported at the moment.    Keith Weinhold  21:29   The PPI being that harbinger of consumer prices, often four to six months down the road. And Richard, the last time you were here, when it comes to checking and controlling inflation, you said something so interesting. You said that higher rates, which is typically the response in order to try to quell inflation, higher rates actually do not lower inflation, and you did not get a chance to expand on that because we ran out of time. Tell us more about why higher rates do not reduce inflation.   Richard Vague  22:05   Well, I'm going to answer that a couple of ways. One of them is higher rates don't open the Strait of Hormuz.   Keith Weinhold  22:12   Right.   Richard Vague  22:13   You can put rates as high as you want, and it's not going to open the Strait of Hormuz.    Keith Weinhold  22:16   Chairman Warsch doesn't open the Strait. Yes, he doesn't get oil produce nothing.   Richard Vague  22:20   Strait of Hormuz.   Keith Weinhold  22:21   Yeah.   Richard Vague  22:21   And so we can do all we want to on raids, which is a very blunt instrument, and it's not going to address the supply constraints that are geopolitical and war related. So, if you want to curb inflation right now, there's two things to do. One of them's you know end the war with Iran, and the other is to kind of back off a lot of these tariffs that have become so problematic. I think there's a place for tariffs. I think there's certain things China's doing that you know a call for an appropriate level of tariffs. I'm not sure we should be big tariffs on Canada and some of these other places, which have the effect of increasing the cost of our farm equipment and cars and other things like that. So, if you really want to address inflation and address the things that truly underlie inflation, and if the second way I'd answer this is to say, go look at the debt, track the data from you know 1945 or 50. You know, we really look at the post World War II period as the place we really learn things from, and over that period, increased government spending has been accompanied by reduced interest rates and reduced inflation. So, reduced interest rates and reduced inflation have gone hand in hand, and rising interest rates and rising inflation have gone hand in hand, and it's a really easy thing to look at. We've got the data on our site, but there's only been three periods where you've had big shifts in government spending and rates. They're pretty easy to look at, and there's actually empirically an inverse relationship between rising interest rates and it's the opposite of what economists tell you.   Keith Weinhold  24:09   I think, in general, economists tell us that when inflation is high, you raise interest rates because consumer spending is about 70% of the economy, and those higher rates therefore incentivize people to be savers because they're getting paid a higher yield, keeping those dollars out of the economy, and they're less incentivized to be borrowers and expand the economy that way. I think in general that's why economists say that higher interest rates reduce inflation. Do you agree with that?   Speaker 2  24:40   Well, no, I don't, and the reason I don't is because when you look at the data, that doesn't happen. These are easy things to check, and what I would say to you is that rising interest rates increase costs, and you guys know that better than anybody in the world.   Keith Weinhold  24:56   With mortgages. Yeah.   Richard Vague  24:58   What do rising interest rates do to? Cost of your mortgage.   Keith Weinhold  25:02   Everything increased substantially.    Richard Vague  25:03   It has system prices at the grocery store. Well, the grocery stores have to pay our interest for their inventory. So the more intuitive and obvious thing is that rising interest rates increase prices. And by the way, if you and I were to go look at the data right now, which I look at almost daily, that we would see periods of rising interest rates correlate to periods of rising increased costs.   Keith Weinhold  25:29   Well, I'm glad you look at history because I often say here at Get Rich Education, if you want to know what's going to happen in the future, it's easy to have a hunch, but it's more important to look at history. Can you talk to us some more about how, over the long term, higher interest rates don't suppress inflation? If that's what you're saying,   Richard Vague  25:47   yeah. The greatest rise in inflation, you know, in my lifetime was the late 1970s.   Keith Weinhold  25:55   Yeah,   Richard Vague  25:56   and for the entire time that interest rates were going up, prices and inflation were going up, and it wasn't until interest rates started coming down that inflation started coming down. So we could look at any number of periods, and if you're going to argue the opposite, you need to go find me some data.   Keith Weinhold  26:15   Okay. Well, speaking in more modern times, in the last wave of inflation that we had, the CPI peaked at 9.1% in June of 2022. This is the whole famous Jerome Powell: inflation is only transitory. Oh shoot, no, it's not. I better hike rates. He did, and then inflation came down. Is it as simple as that cause in effect, or did something else make inflation come down post COVID.   Richard Vague  26:42   Inflation came down, and it came all the way down in July of 2022. It didn't come down gradually over six, 912, 18 months. You go look at the length monthly inflation. Inflation came all the way down in July of 2022, and stay has stayed down all the intervening period until very recently with the Iran War. July of 2022 was before there was a dramatic increase in interest rates.   Keith Weinhold  27:18   Right,   Speaker 1  27:19   that's simple.   Keith Weinhold  27:21   What caused inflation to come down? Then is it because supply began to arrive on the market again?   Richard Vague  27:27   People went back to work, started building things again.   Keith Weinhold  27:30   Producing.   Richard Vague  27:32   And the problem was folks had not been able to go to the factories and make things, and so we had a you know global supply deficit. Well, the nice thing about that is that you know money incends people to scramble back to work, make things again, and you know once they start doing that, and the Fed actually produces something they call the Global Supply Chain Pressure Index. You can get it on the Fed site. If you look at it, it's supposed to be kind of at zero, and anytime supply chains are disrupted, it shoots up. And any you know, any time the opposite happens, you know there's overcapacity. It goes down, and you can see exactly when supply chains repair is happening. So go look at the. It's called the GSCPI. It's on the Fed side. You'll see that global supply chains had largely started to be dramatically repaired in the spring and summer of 2022, and naturally, supply and demand works. All of a sudden, supply starts showing up, and prices go to hell.   Keith Weinhold  28:39   We're talking with economic futurist author and Pennsylvania's governor-appointed former secretary of banking and securities Richard Vague, more when we come back on the affliction of inflation, what this means for real estate investors, and more. This is Get Rich Education. I'm your host Keith Weinhold. What if you got your mortgage loans the same place I get mine. You sure can at Ridge Lending Group NMLS 42056. They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge. While it's on your mind, start at ridgelendinggroup.com. That's ridgelendinggroup.com.   Keith Weinhold  29:29   Let me ask you something: If you've worked hard to build wealth, is your money positioned to actually support your goals? A lot of accredited investors leave capital sitting in cash because it feels safe, but inflation and missed income opportunities can quietly erode its value. Freedom Family Investments offers freedom notes for investors seeking structured income backed by real estate. It's a straightforward approach built on real assets, not speculation. In full disclosure, I'm an investor myself. 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 to 66866. That's family to 66866.    Dolph Derues  30:31   This is the king of commercial real estate, Dolph Derues. Listen to Get Rich Education with Keith Weinhold and don't quit your daydream.   Keith Weinhold  30:45   Welcome back to Get Rich Education. We're talking with Richard Vague. Richard is the founder and president of so many organizations today. He's the author of several popular economic books. He chairs the board of the Public School employees retirement system. That's the largest public pension fund in Pennsylvania. He's in a lot of places at once, seemingly. Richard, we're talking about inflation before the break. What is the right inflation rate?   Richard Vague  31:16   Well, like I said, inflation. If you look at the entire 250-year span of the United States has it been an affliction that has affected us that often? It is political kryptonite. So when it does happen, it steers our consciousness, and it you know certainly affects your industry. But you know, if we look historically, the Fed targets 2% It's not a bad thing to target. We never really have achieved that level for any length of period. I think if you look at it over the past several decades and take out the high inflation periods, it probably has averaged closer to three. So I don't think two to 3% is an inappropriate level, and I kind of suspect it'll be a level that typifies our future once we get past, if and when we get past this more.   Keith Weinhold  32:09   Yes, not long ago, I was looking at the history of the CPI or the CPI's equivalent, and over the last 100 years, the rate is about 3.2% and we haven't hit that government-mandated 2% target, which is stated right on the Fed's website. We haven't hit that for any month in about five years now, and this asset inflation, as we know, this disproportionately enriches existing asset owners, and it widens this inequality. Something that's more recently been known as the K-shaped economy, can you talk to us some more about this exacerbating wealth inequality?   Richard Vague  32:48   Well, you hit the nail on the head. Something on the order of 80% of all the net wealth held by Americans is in the form of two things: stock and real estate. If you want to talk about wealth, it's those two things, and those two things, probably 60 or 70% of all of those in the U.S. are held by the top 10% I think it's a single-digit number of those that are held by the bottom 50% So you know, if inflation and debt growth push asset prices up over time. It is a mathematical inevitability that the rich get richer faster than those in the middle and at the bottom, and that simply means inequality will increase through time. I believe that's structural. Unless you address that in very some very specific way it will continue.   Keith Weinhold  33:43   Inflation affects real estate investors more than it does the average person because we borrow these big pools of money often at 75 to 80% loan to value, and in a sense, although we know it's bad for general society, and we do think about the K-shaped economy. Of course, inflation benefits us because it debases our debt. But even if you're not a real estate investor, even if you just own your own home, you know, Richard, I really think it begs the question: Is a 30-year fixed-rate mortgage one of the best forms of debt ever created for ordinary Americans?   Richard Vague  34:22   The 30-year mortgage, which was created, you know, that started on that path in the 1930 s for the very reasons we all know and love, which is getting Americans to own their own home, and has been, you know, a game changer for the country, and truly one of the great things that's been done, and I hope it's something that we continue to defend and preserve.   Keith Weinhold  34:46   Well, that brings up leverage and the prudent use of leverage. As real estate investors, we have this benefit of getting all these 30-year fixed-rate loans without the threat of a. Margin call being made. We're not borrowing over in the stock market. When you sign your loan documents, it doesn't say that the bank can call your note due at any time, but one could take it too far. And when it comes to debt, I think that really begs the question: Where does intelligent leverage end, and then dangerous leverage begin. What's the border?   Richard Vague  35:25   Well, you guys are experts, and I'm not. But the very simple premise is starts with not overpaying for the property to begin with. It is not an exact science, but generally speaking, I think we can tell when prices are relatively high in a given market and or a given year and relatively low, and you you'd always want to kind of be at least in the middle or somewhat on the low end before you acquire a property. So that's step number one, and then step number two is really just giving yourself a buffer, you know. We saw in the global financial crisis that real estate loans were being made in some cases at 100% of value. Yeah, and frankly, we saw at least some episodes within that folks borrowing over 100% of value, and certainly they were very happy when that happened. But we know there's zero margin for error when you do that, and perhaps even a negative margin for error when you do that. So I would think, you know, you guys know better than me, but you know, I hate to borrow it much more than like 90% of value, maybe 95% if it's a smaller asset and you have a government guarantee, and if you can do it at lower leverage, you know, 70 or 80% of value, that's not a bad thing to consider. I tend to think in the real estate world that you know I've seen many investors, particularly in the commercial space, buy things with lower leverage, 50 or 75% But then, as the asset proves itself, they work with their lender to increase the debt-to-value ratio, you know, and get more money at it over time as it becomes an increasingly proven asset. So they migrate their way from 75% to 95% over time. I think that's a logical path.   Keith Weinhold  37:20   That acronym Ninja Loans, which were popular from about 2000 to 2007, that acronym Ninja means no income, no job or assets, and you might still get a loan of 110% of the value of the property. It was profligately irresponsible. Well, Richard, in a moment, I want to ask if you have a resource that our audience can follow along with you if they would like to do so. But before I do that, do you have any last thing that you would like to talk about? Maybe something that I did not ask you, whether it has to do with the general economy or real estate or interest rates or inflations. Is there something else that we should know?   Richard Vague  38:00   What I would do is just endorse your podcast.   Keith Weinhold  38:04   Thanks.   Richard Vague  38:05   You're approaching this in a very intelligent way, and you're very empirical, and I think your listeners are doing themselves a service by continuing to follow what you do. That's a really reasonable, secure, and yet bold path towards creating wealth, then I think you're to be commended.   Keith Weinhold  38:27   Oh, I appreciate the endorsement. I'm always blown away at our following, but you have some resources worth following as well. Tell us about that.   Richard Vague  38:36   Well, we do. We have a weekly video ourselves that it's about a five-minute video, and you can go to our website, which is tycos.com. So t y c h o s.com, and you know we have data on the site. If you're a real geek, you could go in and you can look at our macroeconomic data. You know, but if you're not, you can sign up for the video, and we come out with what we hope is a short but relevant video once a week talking on some aspect of the economy, and you know we'd love to have folks join that if they're interested.   Keith Weinhold  39:10   Well, it's valuable. I suggest you, the listener, check that out. Richard oftentimes turns conventional economics on his head, just like he did with us today, talking about how if there's higher interest rates, that does not necessarily mean lower inflation. Richard, it's been valuable as always. It's been great having you back on the show.   Richard Vague  39:30   It's an honor to be with you. Keep up the great work.   Keith Weinhold  39:38   In this remote interview, I got a beautiful look over Richard's shoulders there on the screen at Center City, Philadelphia, in the ornate buildings there. I will be in that part of the nation again shortly. Big thanks to Richard Vague. If you're looking him up, it is spelled V-A-G-U-E. We've got a. A lot of terrific content coming up on the show over the next few weeks, including fresh takes on building your wealth that you've never heard before. Until next week, I'm your host Keith Weinhold. Don't quit your daydream.   Speaker 3  40:18   Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.    Keith Weinhold  40:46   The preceding program was brought to you by your home for wealth building. getricheducation.com  

The school year is getting underway, and here in Pennsylvania, the new state budget provides for a lot of improvements to schools: adequacy funding for underfunded districts, more student teacher stipends, support for mental health, guaranteed recess, and more. Racquel Williams talks with two education advocates - Laura Boyce with Teach Plus PA (www.teachplus.org/pa) and Priyanka Reyes-Kaura with Children First (www./childrenfirstpa.org) - about what's in this year's budget and how our schools are doing overall as students and teachers return to the classroom. Then, Shara Dae Howard meets a true Philadelphia hero - the woman everyone is talking about who saw a masked man harassing people in Center City, and kicked him in the chest. We find out what was going through her head in that moment on Shara in the City.

Grab a beer and join us tonight for another installment of Necro Overtime! Two out of Philadelphia. First, there's a guy in a baby doll mask running around Center City at five in the morning chasing people. He caught up to a jogger near City Hall, held his phone up in front of her, and asked if she was ready to die. Then he ducked into a train station and took off. Then the dark one. Cops have spent two months searching a house on Chew Avenue in Olney, and what they've pulled out of there is hard to even wrap your head around. Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is presented by Create A Video – The Charlotte Observer reports that city, community, and business leaders met for a year in secret with a mission to fight crime in Uptown. Now it can be told - probably because they are touting a reduction in crime rates in the Center City.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-kaliner-show--6946691/support.Subscribe to the podcast My preferred podcast platform: SpreakerAll the links to Pete's Prep are free!Get exclusive content here!Media Bias Check: GroundNews promo code!Advertising and Booking inquiries: Pete@ThePeteKalinerShow.com  

Two missing women at the center of a “death investigation” were identified this week. The ongoing investigation was sparked by videos and images of “dark and disturbing” scenes found at a home owned by Eugene Horsch in Olney. KYW's Crime and Justice Reporter Kristen Johanson fills us in. Plus, Cheltenham parents tear into the school board over locker room hazing, and City Hall Bureau Chief Pat Loeb tags along with a team cleaning up homeless encampments in Center City and helping people find shelter. 00:00 Rundown 02:00 Police identify missing women linked to “death investigation” in Olney 09:02 Cheltenham parents demand action after locker room assault 13:37 How the city is cleaning up encampments and getting unhoused people into shelters 20:18 Affordable housing at risk, and a call for poll workers 26:16 New Jersey cashes in on PFAS settlement, passes laws to protect kids online 30:30 76ers schedule revealed, starting with “revenge game” against the Knicks Listen to The Week in Philly, hosted by KYW Newsradio's Matt Leon, every Saturday at 5am and 3pm, and Sunday at 3pm and 9pm.

Independence Day is officially behind us, but Philly is continuing to explore 250 years of American democracy with a new walking tour. Meanwhile, the Philadelphia Parking Authority is pulling in a ton of revenue – and moving traffic along – with new “smart” loading zones in Center City. Host Trenae Nuri, creative producer Siani Colón, and Streets Dept podcast creator Conrad Benner tell you how they really feel about that – plus, they talk about what performances to look forward to at Philly's theaters this fall.  Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor. Sign up here. Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode:  Visit Delco PA

The Dawn Stensland Show breaks down the chilling investigation into 44-year-old Eugene Albert Horsch after his arrest in Center City. We welcome Sergeant Mark Fuzetti to the show to unpack the horrific discoveries made by law enforcement inside an Olney home, including zip ties, notes referencing serial killers, and chemicals meant to dissolve human remains. Fuzetti tracks the latest on the lab testing and shares details regarding how a routine traffic stop by federal park rangers blew the case wide open. Dawn targets the ongoing environmental crisis hitting local vacationers as fecal bacteria alerts completely shut down multiple South Jersey beaches. We react to the massive financial strain facing local families who are paying thousands of dollars a week for rentals only to find swimming advisories blocking the ocean water. The crew looks at the heavy rainfall rates causing sewage overflows and discusses the gross reality of local waterways this summer. We transition to the media world as Dawn critiques Kellyanne Conway's recent performance filling in on Fox News for Sean Hannity. The crew reacts to the difficulties of reading a teleprompter and explains why the show's signature snarky writing fell flat. Finally, Dawn highlights Pennsylvania Senator John Fetterman's aggressive remarks targeting a controversial Maine Senate candidate, demanding that national leaders hold the line.

What's one thing we would ban from Center City? Why is the police headquarters costing the city so much money to buy? And will Bob Brady be dethroned as chairman of the Philadelphia Democrats? That – plus what we're looking for in World Cup merch – on the Tuesday News Roundup with journalist Claudia Vargas, City Cast Philly host Trenae Nuri, and our senior producer Abby Fritz.  Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor: membership.citycast.fm Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode: Four Seasons Philadelphia ArtPhilly The Penn Museum

Matt Katz and Abby Fritz are looking back at the week that was on today's Friday News Roundup. Mayor Parker's plan to raise taxes on Amazon, Airbnb, and Uber appears to have failed. Why? The plan to protect bike lanes on Spruce and Pine Streets in Center City is back in court. The Pride march and festival this weekend won't be centered in the gayborhood, and people aren't happy about that. Plus in our members-only City Cast Philly Neighbors segment, we give you the scoop on jury duty in the city.   Our Friday news roundups are powered by great local journalism:  Philly City Council rejected Mayor Parker's proposed taxes on Uber and Airbnb while advancing a $7.1 billion city budget Mayor Parker's proposals to tax tech companies falter as city budget deadline looms With Philly budget vote looming, Airbnb launches ad campaign against proposed tax hike on short-term rentals City asks court to let it strengthen bike lanes on Pine and Spruce Streets Meredith Elementary in South Philadelphia amends Pride celebration after conservative backlash Philly Pride365 March and Festival Gayborhood bars brace for fallout from Philly Pride move Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor: membership.citycast.fm Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode: Taskrabbit Fitler Club Brooklyn Bowl Philly ArtPhilly

It's the Friday news roundup. We're talking about this week's congressional debate – and which candidate was a no-show. Plus, the strange origin of some tables at Philly restaurants, and could Passyunk Avenue ever be totally car-free? Host Trenae and executive producer Matt Katz also dish for a bonus segment only for our City Cast Philly Neighbors about where to get tacos and free margaritas.  Our Friday news roundups are powered by great local journalism:  Sen. Street and Rep. Rabb spar over experience and policy in WHYY 3rd Congressional District debate after Dr. Stanford drops out of event 3rd Congressional District Democratic primary debate Congressional hopeful Ala Stanford's Black Doctors Consortium was fueled by $13 million in public funding Philadelphia's Please Touch Museum has a new $4.2M marble floor. The old marble is making a comeback in Center City restaurants Please Touch Museum to build new permanent exhibit Passyunk should be car free—prove me wrong Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor: membership.citycast.fm Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode: Heiler Painting Free Library of Philadelphia Advertise on the podcast or in the newsletter: citycast.fm/advertise

The school district is broke, and the mayor has a controversial plan to solve the problem. Meanwhile the Center City bike lane saga continues. And what's going to happen with the anti-ICE bills on the mayor's desk? Our political contributor Lauren Vidas is here with Trenae Nuri to give us a round-up of what's going on in City Hall.  Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor: membership.citycast.fm Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode: Heiler Painting Free Library of Philadelphia

Inspired by his own medical crisis, Al Dashiell is bringing registered nurses into his Center City barber shop to administer health care to his clients while they're in a familiar place. Chopped P.H.D. will hold its next screening this week, on Thursday, April 23rd, from noon until about 2 p.m. For more information, visit this story on the web.

The U.S. Supreme Court held a hearing this week on birthright citizenship for the children of undocumented immigrants. We break down the case, plus get the latest on the city's budget talks, the federal case over the EEOC's request for lists of Jewish students and faculty from the University of Pennsylvania, SEPTA's efforts to boost its Regional Rail fleet, and local chefs and restaurants in the final running for the James Beard Awards. 00:00 Intro 02:08 Federal judge says Penn must provide lists of Jewish students and faculty 6:39 Explaining the SCOTUS birthright citizenship case 12:40 SEPTA's new trains 18:27 Bensalem nurse accused of child abuse 24:18 Positive polls for NJ Gov. Mikie Sherrill 30:21 Iron Hill Brewery to reopen; which local restaurants are up for James Beard Awards Listen to The Week in Philly with Matt Leon and our team of reporters on KYW Newsradio every Saturday at 5am and 3pm, and Sunday at 3pm. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Philly's skyline has everything from the oldest residential homes in the country on Elfreth's Alley to the skyscrapers in Center City to the twin houses of West Philly. As redevelopment of old buildings reshapes the city, we're revisiting a conversation about what makes Philly architecture unique – and how to notice it. Host Trenae Nuri talks with Chris Hytha, a Philly artist who has been studying and documenting Philly's built world, about the city's most iconic architecture and how to appreciate it. Also, he's rehabbing a rowhome from the 1800s and learning why you never waive inspections. Follow Chris' rowhome rehabilitation journey here.  This episode originally aired on Nov. 4, 2025.  Our newsletter has Philly news & events in your inbox every weekday morning. Call or text us: 215-259-8170 Instagram: @citycastphilly Support our show and get great perks as a City Cast Philly Neighbor: membership.citycast.fm Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about the sponsors of this episode: Political Gabfest  

North Dublin native Fergus “Fergie” Carey didn't just open a bar in Philadelphia, he helped invent a neighborhood, a scene, and a sense of community that stretches from Center City to the Irish arts world and back again. In this on‑location episode recorded upstairs at Fergie's Pub on Sansom Street, Irish Stew cohost John Lee traces Fergie's journey from Burgerland on O'Connell Street to becoming one of Philly's best‑known publicans and civic connectors.Fergie recalls the bleak job prospects of 1980s Dublin, his short, ill‑fated stint in Houston, and the sudden sense of being “revered because you're Irish” when he finally landed in Philadelphia and started a job at El Taco Grande the very next morning. He walks us through bartending at McGlinchey's, the leap to open Fergie's with his Palestinian partner Wajih Abed in a rough‑and‑tumble City Center street, and the chaos of a first night saw the Guinness run dry in 40 minutes.We explore how Fergie built a career as co‑owner or founder of beloved spots like Monk's Café, The Goat, The Jim, and soon The Monto, while never losing sight of the core lesson he learned in fast food: you're managing people, not walls. He talks about keeping a pub current yet grounded in tradition through his self-invented live-band karaoke, Quizzo evenings, Saturday trad sessions, ballad nights, and the hugely popular “pub sing.”We also hear about Fergie's deep engagement with Philadelphia's civic and Irish cultural life, from Inis Nua Theatre Company and Beckett in the back room, to his tours to Ireland and charity concerts like his recreation of The Last Waltz.We spoke on eve of the Irish American Business Chamber & Network's Ambassador's Awards Luncheon, the signature annual Irish event on the city's calendar, after which those in-the-know kept the craic going at the nearby Fergie's Pub.Among them were local business and civic leaders John Cummins and Adele Farrell who will share their insights on the Irish American Business Chamber & Network and tales from their own Dublin-to-Philadelphia success story on a future episode of Irish Stew.LinksFergie's PubWebsiteFacebookInstagramAll Irish Stew Libations Episodes - Ten episodes. All in one place.Libations EpisodesIrish Stew LinksEpisode Page: Fergus CareyWebsite Home PageFacebookInstagramLinkedInBlueskyMastodonMedia Partner: IrishCentralEpisode Details: Season 8, Episode 12; Total Episode Count: 153

Sam and Gabe chat with Rosslyn Wuchinich, president of UNITE HERE Local 274, representing Hotel and Food workers in Philadelphia, from Center City to the stadiums. They discuss the fight for fair wages, invisible labor, and plans for a potential general strike in May 2028.Support the showwww.laborjawn.com

Billions of dollars in public investment. New office towers breaking ground. Nearly 5,000 apartments in the pipeline. After years of pandemic disruption and slow return-to-office trends, Charlotte's center city may be entering a pivotal new chapter.In this episode of The Charlotte Ledger Podcast, Ledger editor Tony Mecia talks with Michael Smith and James LeBar of Charlotte Center City Partners about the newly released 2026 State of the Center City Report — an annual snapshot of uptown, South End and Midtown. They discuss why 2025 was a “super productive year,” what they mean by an “inflection point,” and how transportation, talent growth and large-scale development projects could reshape Charlotte's urban core over the next decade.The report includes detailed maps, data and projections for the next 12–24 months. You can explore the full 2026 State of the Center City Report here.We hope you enjoy the conversation with  James LeBar and Michael Smith. For more information on Charlotte Center City Partners, visit CharlotteCenterCity.org.This episode of The Charlotte Ledger Podcast was produced by Lindsey Banks. Visit TheCharlotteLedger.com to learn more. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit charlotteledger.substack.com/subscribe

In this conversation, Joshua Crone discusses the various programs and initiatives at Yellow Bicycle, a theater space in Philadelphia. He shares insights on community engagement, the challenges of running a small venue, and the importance of planning and research in theater management. Crone also highlights the upcoming Fringe Theater Masterclass, aimed at educating aspiring theater artists on the intricacies of production and collaboration in the arts.Chapters00:00 The Birth of Yellow Bicycle02:27 Community Engagement and Support05:25 Navigating the Challenges of Theater Production08:08 Lessons Learned in Venue Management10:47 The Importance of Business Acumen in the Arts13:43 Building a Collaborative Artistic Community16:29 The Journey of Creating a Theater Space19:08 Fringe Theater Masterclass Overview21:49 The Value of Diverse Skills in Theater24:27 Engaging with the Audience and Community27:18 Final Thoughts and Future AspirationsThe original yellow bicycle was a vintage Schwinn rescued from an LA landfill. It served as a commuter bike, camera dolly, and grip truck during YBC founder Joshua Crone's first two years in Hollywood. When actors came by the studio they would find it parked outside to make room for rehearsal or filming. Over time the yellow bicycle became a signpost, a symbol of the collective: a loose-knit group of theater and film artists committed to doing ambitious work, even under humble circumstances. A group that was going places, even if it meant cycling uphill against the wind. When Crone moved to New York in 2018, the bike stayed behind in Joshua Tree. But its spirit lives on in its successor, a 1975 Raleigh (pictured here at Lyons Falls, NY), and in its namesake: Yellow Bicycle Collective.As a resident theater company of the new Yellow Bicycle Theater in Center City, Philadelphia, Yellow Bicycle Collective is now a Pennsylvania-based nonprofit corporation committed to producing edgy new writing, experimental reworking of classic plays, and training in all aspects of fringe theater and indie film production. Its mission, as outlined in its Articles of Incorporation, is to enrich, educate and entertain the community by providing unique experiences at the interface of theater and film.FOR MORE INFORMATION: https://yellowbicycle.org | https://yellowbicycle.com/

2:00 - Stop with the Obama care, setting up the 2:00 hour 2:10 - President trump runs on the 80-20 issues, we need arrests on these fraud charges 2:15 - Continued discussion about fraud in minnesota 220 - Your calls 230 - Earl from Tacony calling in 2:35 - Deport hundreds if not thousands of people from Somalia 2:40 - Touching on Pam Bondi and wrapping up the show 2:45 -Jim from Levittown 250- Andy in Center City discussing Project Veritas

It's the Friday News Roundup. We're talking about the relatively high voter turnout in this week's election and what that says about Philly (and Trump). Plus: SEPTA has new challenges, hotel workers have a new contract, 76ers Joel Embiid isn't playing much (but just sold his penthouse), and did the termination of the CEO of the Philadelphia Art Museum have something to do with DEI? Host Trenae Nuri and Matt Katz, executive producer of City Cast Philly, also tell you what's going on this weekend, from a free breakfast to the Rocky Run.  Our Friday news roundups are powered by great local journalism:  Sasha Suda Out as CEO of the Philadelphia Art Museum The Philadelphia Art Museum rebrand surprised locals and board members. Is it as bad as some say? The Museum Will Welcome You Now After a brutal year, SEPTA and its largest union are negotiating a new contract — again 76ers star Joel Embiid fined $50,000 for lewd gesture Joel Embiid's Center City penthouse with rooftop pool sells at discount for $3.6M Dugan concedes while lashing out at Krasner: ‘We cannot allow this disaster to continue unchecked' After landslide win, Philly DA Larry Krasner sidestepped policy details, swiped at Trump, and ignored his opponent And here is some information and resources from the city on the food security emergency:  Philadelphia Food & Meal Finder City of Philadelphia Launches It's “One Philly (SNAP) Support Plan” Response to Impacts on SNAP Benefits Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly And don't forget—you can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Learn more about the sponsors of this episode: Fitler Club  Advertise on the podcast or in the newsletter: citycast.fm/advertise

Philly's skyline has everything from the oldest residential homes in the country on Elfreth's Alley to the skyscrapers in Center City to the twin houses of West Philly. Philly's architecture tells stories about its history — if you know where to look. Host Trenae Nuri talks with Chris Hytha, a Philly artist who has been studying and documenting Philly's built world, about the city's most iconic architecture and how to appreciate it. Also, he's rehabbing a rowhome from the 1800s and learning why you never waive inspections.  Follow Chris here to learn more about his work. Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Learn more about the sponsors of this episode: Fitler Club Advertise on the podcast or in the newsletter: citycast.fm/advertise

On October 27, 1682, Philadelphia was founded by William Penn. At the time it wasn't much more than a rectangle between two rivers – now known as Center City. Over the last 343 years, Philly has expanded to include more neighborhoods in the city limits. But there's just so many neighborhood names now and they're constantly changing. We're revisiting an enduring topic of discussion in Philly: What's my neighborhood called? The City Cast Philly team came together to discuss some of the interesting names, histories, and stories about how we label neighborhoods in Philly. Plus, City Cast Philly contributor Johnny Goodtimes is quizzing us on how well we all know Philly.  Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm.  Advertise on the podcast or in the newsletter: citycast.fm/advertise

It's the Friday News Roundup with host Trenae Nuri and executive producer Matt Katz. There's more fall-out from the state budget crisis, the arsonist who tried to kill Gov. Josh Shapiro pleads guilty, two crimes this week are shaking our city even as there's hopeful news when it comes to homicide statistics, kids' sports facilities need help, and we're pulling for a goat named Ray who needs a wheelchair.  Our Friday news roundups are powered by great local journalism:  Philadelphia's only rape crisis center receives temporary funding through District Attorney's Office Some Philly preschools say they'll have to close classrooms if lawmakers don't pass a budget soon New study finds access to youth sports is unequal in Philadelphia. The city looks to change that. IHOP security guard charged with murder in Center City killing Should Pennsylvania's General Assembly be scaled back? Some state lawmakers say yes. Cody Balmer, who set fire to Gov. Josh Shapiro's mansion, pleads guilty to attempted murder Philly detectives are solving homicides at the highest rate in 40 years as violence plummets and tech improves Ray the goat needs a wheelchair. The Philly Goat Project hopes its fundraiser will get him one. Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly And don't forget—you can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Learn more about the sponsors of this episode:  Babbel - Get up to 55% off at Babbel.com/CITYCAST Advertise on the podcast or in the newsletter: citycast.fm/advertise

Our state budget was due 107 days ago. Pennsylvania is now the only state in the country with legislators who haven't approved an annual spending plan. And that has big implications: We can't fund schools or nonprofits, and the rape crisis center in our city had to shut down its services. Why is this happening? State Sen. Nikil Saval represents parts of South Philly, Center City, Southwest Philly, and the River Wards, and he explains to host Trenae Nuri what's been happening – or not – in Harrisburg.  Has the state budget impasse affected you? Call or text us: 215-259-8170 Get Philly news & events in your inbox with our newsletter: Hey Philly We're also on Instagram: @citycastphilly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Learn more about the sponsors of this episode: Babbel - Get up to 55% off at Babbel.com/CITYCAST  Advertise on the podcast or in the newsletter: citycast.fm/advertise

This episode is presented by Create A Video – Charlotte city leaders have adopted a narrative that residents have a misperception that crime is rising in the Queen City. But new data shows that crime in the Center City area is actually higher than in the same time period last year. Help Pete’s Walk to End Alzheimer’s! Subscribe to the podcast at: https://ThePetePod.com/ All the links to Pete's Prep are free: https://patreon.com/petekalinershow Media Bias Check: GroundNews promo code! Advertising and Booking inquiries: Pete@ThePeteKalinerShow.com Get exclusive content here!: https://thepetekalinershow.com/See omnystudio.com/listener for privacy information.

Center City's office buildings have struggled to bounce back from the pandemic. One reason is because the way we work has changed – some of us are home all the time, some are hybrid, and some are in the office daily. Jake Blumgart, real estate reporter at The Philadelphia Inquirer, talks about the current state of downtown office buildings, why their value and occupancy is so much lower than before the pandemic, and what this all could mean for Philly. Read Jake's article here. Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Advertise on the podcast or in the newsletter: citycast.fm/advertise

Small Bites Radio has been named Top Hospitality Shows on the Planet from 2020–2025, #Bluejeanfood.com named Top Philadelphia Best Philadelphia Lifestyle Blogs and Websites from 2021-2025, Best Philly Food Blogs and Websites 2023-25, Top Philly Food RSS Feeds 2024-2025, nominated by Metro Philly Newspaper 2022-25 Best of Philadelphia Arts & Entertainment, and WINNER of Metro Philly Newspaper Best of Philadelphia Arts & Entertainment in 2023 and 2024.

The Mütter Museum, one of Philly's prominent institutions, has rethought the ethical considerations around its collection and display of bodies and body parts. This institution gives us a sometimes graphic window into medical mysteries through its displays of human specimens, and it has now completed what it calls a Postmortem Project to modernize its approach to the displays of the deceased. Host Trenae Nuri visits the Mütter Museum in Center City to sit down with Erin McLeary, senior director of collections and research, and Sara Ray, senior director of interpretation and engagement, about how the museum is modernizing how it educates us about the human body.  Register here for the Postmortem Project Story Slam on Sept. 24th.  Get more Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Learn more about the sponsors of this episode: Kidney Cancer Association   Advertise on the podcast or in the newsletter: citycast.fm/advertise

Che Durena and Josie Marcellino join Zac Amico and discuss Zac's healthy living, their experiences with anesthesia, the best races for the best jobs, Josie's experience with witch, Josie's international freak out, her debate debacle with Andrew Wilson, the motive of the Charlotte train suspect, the Center City shooting, two female cops trying to detain a man, the newest Girl Scout Cookie flavor and so much more!(Air Date: September 10th, 2025)Support our sponsors!Hims - Start your free online Hims visit today at https://www.hims.com/ZOOBodyBrainCoffee.com - Use promo code: ZOO15 to get 15% off!Zac Amico's Morning Zoo plug music can be found here: https://www.youtube.com/watch?v=oMgQJEcVToY&list=PLzjkiYUjXuevVG0fTOX4GCTzbU0ooHQ-O&ab_channel=BulbyTo advertise your product or service on GaS Digital podcasts please go to TheADSide.com and click on "Advertisers" for more information!Submit your artwork via postal mail to:GaS Digital Networkc/o Zac's Morning Zoo151 1st Ave, #311New York, NY 10003You can sign up at GaSDigital.com with promo code: ZOO for a discount of $1.50 on your subscription and access to every Zac Amico's Morning Zoo show ever recorded! On top of that you'll also have the same access to ALL the shows that GaS Digital Network has to offer!Follow the whole show on social media!Che DurenaTwitter: https://twitter.com/CheDurenaInstagram: https://instagram.com/CheDurenaJosie MarcellinoInstagram: https://instagram.com/JosieMarcellinoYouTube: youtube.com/josiemarcellinoZac AmicoTwitter: https://twitter.com/ZASpookShowInstagram: https://instagram.com/zacisnotfunnyDates: https://punchup.live/ZacAmicoSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Will Philly public school teachers strike after the first week of school? That's what their union, the Philadelphia Federation of Teachers, is threatening. Trenae Nuri visits the union offices in Center City to talk to PFT President Arthur Steinberg and LeShawna Coleman, PFT's chief of staff, to find out what the teachers want in their new contract.  We're doing our annual survey to learn more about our listeners. We'd be grateful if you took the survey at citycast.fm/survey—it's only 7 minutes long. You'll be doing us a big favor. Plus, anyone who takes the survey will be eligible to win a $250 Visa gift card–and City Cast Philly swag. Get Philly news & events in your inbox with our newsletter: Hey Philly You can support this show and get great perks by becoming a City Cast Philly Neighbor at membership.citycast.fm. Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Rock & Roll Hall of Fame Babbel - Get up to 60% off at Babbel.com/CITYCAST Advertise on the podcast or in the newsletter: citycast.fm/advertise

It's the Friday News Roundup! SEPTA still doesn't have funding and service cuts could start next week if the budget isn't passed. Host Trenae Nuri and executive producer Matt Katz also discuss a suspect that's been arrested for multiple sexual assaults and a court opinion that canceled Indigenous Peoples Day. Plus, Eagles preseason is here! Our Friday news roundups are powered by great local journalism:  Suspect arrested for multiple sexual assaults in Center City and South Philadelphia  Kenney's 2021 order replacing Columbus Day with Indigenous Peoples Day is invalid, appeals court says SEPTA service cuts will happen if state money isn't secured next week The City's Hiring Bus  Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly  Advertise on the podcast or in the newsletter: citycast.fm/advertise

Speaker: Addison Frank, Series: Psalms Mini-Series, Passage: Psalm 1:1-6

Speaker: Reverend Seth Choi, Passage: Ephesians 4:1-6, Series: The Unity of the Church (CC)

It's the Friday News Roundup. We're talking about the continued bike lane controversy in Center City, hotel workers represented by UNITE HERE Local 274 picketing this week because their contracts have expired, state budget delays putting SEPTA's future at risk, and Nas performing with The Philadelphia Orchestra at the Mann. Plus, host Trenae Nuri complains about potholes and executive producer Matt Katz dreams about a mysterious South Philly pool.  Our Friday news roundups are powered by great local journalism:  Man who struck and killed CHOP doctor riding bicycle while driving drunk sentenced to 6 to 20 years in prison How To Fix an Intersection Where potholes rule: Ranking Philly's most plagued neighborhoods Video shows vandal destroying North Philadelphia bar: 'It's wrecked' As Philly residents and schools brace for SEPTA cuts and late state funds, there's no rush for a budget in Harrisburg The property housing a former South Philly pool club is for sale and going viral Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Babbel Framebridge Scribe Video Center  Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

Passage: Malachi 3:1-15, 4:5-6, Speaker: Addison Frank, Series: Minor Prophets

City Councilmember Mark Squilla's district stretches from Chinatown to South Philly and up to the River Wards. He's joining host Trenae Nuri on our weekly politics episode to talk about  the latest on the projects and controversies in his district, from Market East to SEPTA funding, from the Chinatown Stitch to a new bus station. There's more good news here than you might expect.  More Philly news & events in your inbox comes in our daily newsletter, Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Learn more about the sponsors of this July 16th episode: Rock & Roll Hall of Fame Scribe Video Center Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

Speaker: Kyuboem Lee, Series: The Minor Prophets, Passage: Zechariah 3:1-10

Speaker: Justin Kim, Series: The Minor Prophets, Passage: Haggai 2:1-9

It's the Friday News Roundup. This week, we're talking about the city agreeing to pay $3 million to the family of Thomas “TJ” Siderio, the 12-year-old boy fatally shot in the back by a Philly cop, why artists canceled their performances at World Cafe Live and several Center City bars pull out of SIPS. Plus, after two years, there still isn't a Greyhound bus station. Host Trenae Nuri, producer Abby Fritz and Hey Philly newsletter editor Siani Colon dish about these topics, the happiest places in the city and ways to stay cool during a heatwave.  Our Friday news roundups are powered by great local journalism:  City agrees to pay $3 million to family of 12-year-old boy shot and killed by cop Philly psychology students map out local landmarks and hidden destinations where they feel happiest ‘Philly's a sporting town, isn't it?' Club World Cup has introduced fans from around the world to our city 1 arrested, 7 ejected at Wydad AC-Juventus FIFA Club World Cup match after fans spotted setting off smoke bombs Phillies fans say it's suddenly ‘impossible' to get an Uber from Citizens Bank Park How rowdy crowds on one stretch of Sansom Street caused 3 bars to pull out of Center City Sips Get Philly news & events in your inbox with our newsletter: Hey Philly We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Fitler Club Eastern State Penitentiary Jeff D'Ambrosio Auto Group Philadelphia Canoe Club Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

Summer in Philly brings some of the best weekly deals on your favorite cocktails. SIPS in Center City is a popular Wednesday happy hour. There's also Passyunk Passegiata on Thursdays in East Passyunk, and Fishtown Taps offers drink discounts on Tuesdays. But you don't have to drink alcohol to have fun. We're bringing back this conversation with Nikki Graziano, Bar Palmina's owner and bartender, about the drinks she's shaking up and why she opened a nonalcoholic bar in Philly. This episode mentions sexual assault and suicide, so please take care when listening. If you or anyone you know is struggling with thoughts of suicide, you can always call the Suicide & Crisis Lifeline at 988. There's help available 24 hours a day. This episode originally aired on March 17th, 2025. Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Fitler Club Eastern State Penitentiary Jeff D'Ambrosio Auto Group Philadelphia Canoe Club  Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

The ripple effects of the United States' Immigration and Customs Enforcement policy under the Trump administration are being increasingly felt across the country, including Philadelphia. We examine how people are responding and local immigrant communities are feeling. We also recap a high-profile round of primary election results in New Jersey, tell you why Amazon decided to plant a multi-billion dollar flag in Bucks County, go behind the scenes of Eagles owner Jeffrey Lurie's massive contribution towards autism research, set the stage for the city's Juneteenth celebration, and learn more about Delaware County's support for its LGBTQ+ population.  00:00 Intro 02:08 ICE protests reach Center City, stoking more fear in local immigrant communities 08:08 Mikie Sherrill vs. Jack Ciattarelli highlight NJ primary election results 14:10 Amazon ready to invest big in Bucks County 19:55 Jeffrey Lurie makes record-setting gift for autism research 24:48 Philadelphia prepares for Juneteenth celebrations 30:58 Why Delco adopts LGBTQ+ “safe haven” status Listen to The Week in Philly on KYW Newsradio every Saturday at 5am and 3pm, and Sunday at 3pm. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Send us a textIn this “on and popping” episode, Ernest explores the end of Trump's toxic bromance, why all politicians must name the bills they legislate, chaos at Philadelphia City Council, an early Oscars category prediction, Tyler Perry strikes again, and much more.Ernestly Speaking! is executively produced and hosted by Ernest Owens. Check him out at ernestowens.com and follow him @MrErnestOwens on Twitter & Instagram.

Wednesday is the new Friday! Center City District's SIPS program just kicked off its 21st season, with 94 restaurants participating this summer. It's the perfect time to try a new-to-you spot or revisit an old favorite. Our friend Giavana Suraci Pruiti from CCD is here with tips on her faves, plus info on a new lunch special across Center City and the return of Open Streets. 00:00 Table shapes at restaurants 05:30 Giavana tells us what's new on the SIPS list this year 34:17 Best Bites: the greatest strawberry dish of Eli's life, Gia's vegetarian picks, and Marisa tries something new at regular spot of hers 48:42 The Sauce: So. Many. Openings. Make your reservations now!   And of course, we could not do this without our amazing partners who are as passionate about food and drink as we are: In the mood for fresh, fast and healthy? Then you need to be dialing up the Honeygrow App and ordering your favorite salad or noodles. And if you're a crab lover, Honeygrow has just launched their seasonal Chesapeake Crab Stirfry and it's here just in time for summer. Use discount code TASTY to get $3 off any order of $15 or more did you order from the Honeygrow app. Valid through 9/8 If your restaurant or company wants to be in the headlines for all the right reasons, click here to discover how Peter Breslow Consulting and PR can take your business to the next level Social media and digital content are two of the most important things you can create for your brand. Check out Breakdown Media, a one stop shop for all of your marketing needs.

It's the Friday news roundup! We're talking about SEPTA buses on fire in the Nicetown-Tioga neighborhood, more details on the transit agency's funding troubles, and Center City residents who filed a bike lane lawsuit. Host Trenae Nuri and executive producer Matt Katz dig into all this (and our weekend plans).  Our Friday news roundups are powered by great local journalism:  Josh Shapiro and top Democrats say SEPTA and mass transit funding is a priority, but won't say whether they'll hold up the budget over it Judge says contractor's bribing of Amtrak manager with $320,000 in luxury watches, vacations represents a ‘tear in the fabric of society' Residents suing Philadelphia to stop bike lane upgrades in Center City neighborhood Coyote sightings at Wissahickon Valley Park prompt reminder that it's ‘a wild place' Thoughts on bike lanes, coyotes, or SEPTA Funding? Holler at us: 215-259-8170 Get Philly news & events in your inbox with our newsletter: Hey Philly We're also on Instagram: @citycastphilly Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

June marks the start of wedding season, and what better place to kick things off than at McGillin's Olde Ale House — Philly's oldest bar and maybe the best place to find love. Tucked down an alleyway in Center City, this historic pub has been the backdrop for countless love stories – 200 couples and counting. We're revisiting a conversation our host, Trenae Nuri, had with Chris Mullins Jr., the owner of McGillin's, about the bar's “Love Letters Book,” a collection of names and memories from the hundreds of couples who met here. Plus, you'll hear three meet-cute stories from couples who found their partners in the City of Brotherly Love.  Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

A year ago this week, the University of the Arts in Center City announced that it was suddenly closing its doors, forever, due to financial problems. The decision shocked its students, faculty, and the city at large. But there was one bright spot: The UArts dance program was saved by a tiny college in Vermont. And now we're told that the dance program is expected to return to Philadelphia from its current location at Vermont's Bennington College in the 2026-2027 academic year. So we're revisiting our conversation between host Trenae Nuri, Laura Walker, president of Bennington College, and Donna Faye Burchfield, director of the dance program, about how, and why, Bennington saved this Philly jewel. Get Philly news & events in your inbox with our newsletter: Hey Philly Call or text us: 215-259-8170 We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Centre County Highway Revolt  Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

Next week Philly will vote on district attorney, city and state judges, and three ballot questions. We tell you everything you need to know before the primary election. Plus: Philly remembers the May 13th, 1985 MOVE bombing, and there's a new way to travel from Center City to Grays Ferry. Our Friday news roundups are powered by great local journalism:  City Cast Philly interview with District Attorney Larry Krasner City Cast Philly interview with Krasner's opponent, Pat Dugan City Cast Philly covers the judicial elections DA Larry Krasner has a fundraising advantage among Philly residents. Challenger Patrick Dugan is dominating the suburbs. Here's what to know about Philly's three ballot questions New $48M pedestrian bridge connects Schuylkill Banks in Center City to Grays Ferry Get Philly news & events in your inbox with our newsletter: Hey Philly We're also on Instagram: @citycastphilly Learn more about the sponsors of this episode: Babbel - Get up to 60% off at Babbel.com/CITYCAST Prolonlife.com/city - Use this link for 15% off Centre County Highway Revolt Williamstown Theatre Festival  Advertise on the podcast or in the newsletter: citycast.fm/advertise Learn more about your ad choices. Visit megaphone.fm/adchoices

One in six women worldwide experience infertility, but it's a topic we still struggle to talk about. Diona Murray was given a less than a 1% chance of conceiving - but she beat the odds and had a daughter. During her journey, she launched Barren Fruit to help other women experiencing infertility know that they don't have to go through this alone. Diona joins host Racquel Williams to talk about the grief that comes with fertility challenges and how her faith helped her find hope. Then, on Shara in the City, Shara Dae Howard visits VisionLink - a local organization in Center City that is working to improve accessibility for those with vision loss in the Philadelphia region with new skills, technology, and much more. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Delicious City welcomes a guest co-host for this episode: Rebecca Foxman, aka Mrs. Feeding Time TV. As Dave's wife she has a front row seat to all of his eating adventures, and she's got plenty of her own to share with us, too. She's the creator of Fox and Son Fair Foods, a must-visit in Reading Terminal Market, and you can find her all over the Philly food scene collaborating, educating, and of course, cooking.  04:24 Delicious City Tailgate on May 27th: Get tickets now 07:18 Becca tells us how Fox and Son came to be and what's on the horizon 21:32 The Newlywed Game: How well do Dave and Becca know each other? 29:31 Seth Kligerman and Jack Smith tell us about Percy, an exciting new concept in Fishtown 43:44 Listener Survey: We want to hear from you! Take the survey and get entered to win a $100 gift card to Franklin Fountain in Old City 44:57 Whatcha Been Eatin': A vegan dish, mouthwatering Mediterranean, a re-opening in Center City 48:30 The Sauce: Restaurant and Chef News in Philly And of course, we could not do this without our amazing partners who are as passionate about food and drink as we are: If your restaurant or company wants to be in the headlines for all the right reasons, click here to discover how Peter Breslow Consulting and PR can take your business to the next level Social media and digital content are two of the most important things you can create for your brand. Check out Breakdown Media, a one stop shop for all of your marketing needs.