Podcast appearances and mentions of Fannie Mae

The Biden Administration launched a broad-based effort by federal agencies to “improve the quality of life for renters.” The announcement comes at a time when 40% of renters are struggling to keep up with their rent payments, but raises questions about how to make housing affordable in a way that is fair for both renters and landlords. (1)   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   U.S. Rent Growth   Rents have been soaring across the country, as housing demand continues to outpace supply, but it has also been slowing down as the Federal Reserve works to slow inflation with rate hikes. According to Zillow, typical U.S. asking rents are $1,981, which represents a yearly growth rate of 7.4%. That's down from a peak of 17.1% last February. (2)   Rents and rent growth vary wildly from market to market. In Miami, year-over-year rent growth is 11.7% while Las Vegas is showing a negative .9% increase. A few other examples include Cincinnati with a rent growth rate of 10.2% and Indianapolis, at 9.6%.   Federal Renter Protection Effort   Getting back to the renter protection announcement, let's look at some of the top calls to action:   1 - The Federal Trade Commission or FTC and the Consumer Financial Protection Bureau (CFPB) will be investigating ways that tenants are being unfairly prevented from getting into housing or removed from housing they already have. Some of the practices they will be investigating include the use of background checks, tenant screening algorithms, adverse action notices for rejecting applicants, and information on an applicant's source of income.    2 - Those two agencies will also issue guidance for the credit reporting process, and coordinate enforcement efforts to ensure the accuracy of the information. They will also hold background check companies accountable if they engage in unfair procedures.   3 - The Federal Housing Finance Agency or FHFA will be involved with renter protections that include limits on excessive rent increases. The agency describes it as a public process that prioritizes transparency with updates, including one within the first six months. The FHFA will also encourage affordability for the multifamily market with affordability requirements for Fannie Mae and Freddie Mac loans.   4 - The Department of Justice is expected to issue guidance on the prevention of anti-competitive information sharing in the rental market.   5 - The Department of Housing and Urban Development or HUD will work on new rules that require at least 30 days notice before a lease is terminated for a public housing tenant who stopped paying rent.   6 - The Biden Administration plans to hold quarterly meetings with tenants and tenant advocates to make sure their voices are heard.   Blueprint for Renters Bill of Rights   All this is part of the so-called “Blueprint for a Renters Bill of Rights. The guiding principles include:   1 - Safe, Quality, Accessible, and Affordable Housing 2 - Clear and Fair Leases 3 - Education, Enforcement, and Enhancement of Renter Rights 4. - The Right to Organize   Housing Providers Involvement   Several housing provider groups are also participating in this effort.   The National Association of Realtors or NAR and its affiliate, The Institute of Real Estate Management, have made a commitment to promote resident-centered property management practices. That might include the use of alternative credit scores for applicants who don't have much of a credit history or the sharing of information with an applicant about Housing Choice Vouchers or rental assistance programs.   The National Apartment Association and the National Multifamily Association have also made commitments to promote resident-centered management practices. That might include help for tenants who want to improve their credit scores by reporting positive rent payments to credit bureaus.   While those agencies are promising those contributions, they are also speaking out against rent control. As mentioned in a Bigger Pockets blog: “Numerous studies have found that the long-term effects of rent control hurt the people these policies intend to help.” (3)   Why Rent Control Fails   There are studies by the Brookings Institution and Stanford that show rent control may provide short-term relief for renters but decrease housing affordability over the long-term. That's because landlords get out of the business, which reduces the amount of available housing, increases demand, and leads to higher rents.   The National Apartment Association says that rent control discourages the creation of affordable rental housing including new construction and rental housing renovations. The National Bureau of Economic Research says that rent control keeps smaller families from downsizing and opening up rental space for new larger households.   There are several detailed well-informed arguments against rent control, but at the heart of the issue is what is truly happening with rent inflation. Currently, rent growth is coming down. Yes, it is still growing year-over-year, and yes, a large chunk of the renter population is rent-burdened. That calls for a solution, but rent control is only a short-term solution. And it's very difficult to get rid of it once it's in place.    According to Bigger Pockets, the National Multifamily Housing Council would like to see direct subsidies to low-income renters and builders who create affordable housing. Many housing industry insiders also say that rental housing policy should be regulated at the state and local level.   Why Federal Rental Policy is a Bad Idea   In a CNN article, NAR's Kenny Parcell warns of the negative impact of federal policies saying they can “potentially drive housing providers out of the market” and make housing more expensive over the long-term. He also says: “Expanding the federal government's role in rental policy also places an even greater undue burden on mom-and-pop providers.” (4)   NAR said high rents are the result of a supply and demand imbalance, and that more affordable housing is needed to keep rents from rising like they have been. The NAA's Bob Pinnegar says: ““For months the National Apartment Association worked with the White House in good faith.” He says: “We stand by our commitment to promote industry resident services and practices, (but we are opposed) to expanded federal involvement in the landlord and tenant relationship. Complex housing policy is a state and local issue and the best solutions utilize carrots over sticks.”   That's it for today.   If you'd like to learn more about landlord tenant relationships and property management, you'll find several articles at newsforinvestors.com under the Learning tab. While you are there, please click the Join for Free button for complete access to all our data.    Please remember to subscribe to our podcast, and follow me on instagram @kathyfettke for real estate market updates and commentary.   Thanks for listening!   Links:   1 - https://www.whitehouse.gov/briefing-room/statements-releases/2023/01/25/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-renters-and-promote-rental-affordability/   2 - https://www.zillow.com/research/december-2022-rental-report-31992/   3 - https://www.biggerpockets.com/blog/biden-announces-renter-bill-of-rights?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2001/29/23%20Control%20(Free)   4 - https://www.cnn.com/2023/01/25/homes/biden-tenant-protection-renters/index.html

In this week's Investor News, Freddie Mac and Fannie Mae are more attractive lending options than institutional banks, high-poverty neighborhoods have been experiencing rental distress, and despite the looming recession, there's still GDP growth for the U.S. economy. Hear the latest investment news and be with other passive investors. Join our club https://simplepassivecashflow.com/club. 00:18 Renter Financial Distress Has Been Concentrated in High- Poverty Neighborhoods and Communities of Color 1:50 Rents slide for third month in a row to close out 2022 (December 2022 Rental Report) 3:48 GDP: US economy grows at 2.9% rate to cap 2022, heading off recession worries 6:02 SPECIAL REPORT: Navigating a Corrective Environment 18:20 At a Time of Uncertainty, Investors in CRE Are Paying More Attention to Portfolio Diversification 23:27 Fannie, Freddie Are Still Providing Attractive Terms But Demand from Borrowers Has Fallen 27:28 Coffee Hack | Lesson Learned

The data is clear, rent control does not work. Pushing for national rent control just makes a bad idea worse as the federal government attempts to impose a one size fits all policy for the wide variety of markets across the country. Unintended Consequences National rent control policies, while appearing to be a solution for the affordability crisis faced by renters in many cities, are actually a bad idea in practice. Such policies often come with unintended consequences that do more harm than good to both renters and landlords. Reduces New Construction One of the major drawbacks of rent control is that it discourages new construction. When landlords are not able to increase rent in response to market demand, there is less financial incentive for developers to build new rental properties. This can lead to a shortage of housing units and make the affordability crisis even worse. Additionally, many landlords may choose to convert their rental properties into condominiums or other forms of ownership, further reducing the number of rental units available. Housing Quality Suffers Another problem with rent control is that it can reduce the quality of housing. When landlords are not able to increase rent to cover the cost of repairs and upgrades, they may be less likely to invest in maintaining their properties. This can result in dilapidated buildings that are unsafe and unsanitary, causing harm to renters and the community at large. Actually Unfair To Renters In addition to these problems, rent control can also be unfair to renters. Rent-controlled units are often occupied by long-term tenants who are paying significantly less than market rate, while new renters must pay the full market rate. This creates a two-tiered system where some renters enjoy the benefits of lower rent, while others struggle to find affordable housing. It also disincentives mobility and discourages renters from moving when they may have to pay significantly more for rent elsewhere. Depresses The Local Economy Rent control can also have negative effects on the local economy - national rent control would just make it bad everywhere. When landlords are not able to increase rent to cover their expenses, they may be forced to reduce their spending on local goods and services, which can lead to a reduction in economic activity and job losses. Additionally, when rent control discourages new construction, it reduces the amount of money being spent on construction materials and services, which can have a ripple effect throughout the local economy. Likely Abuse Finally, rent control policies are often difficult to enforce, and can be subject to abuse. For example, landlords may try to circumvent the regulations by illegally evicting tenants or by making living conditions unbearable in order to force them to leave. Rent control policies can also lead to corruption, with landlords and city officials colluding to maximize profits at the expense of renters. While national rent control policies may appear to be a solution to the affordability crisis faced by renters, they are actually a bad idea in practice. Rent control can lead to a shortage of housing units, reduce the quality of housing, be unfair to renters, have negative effects on the local economy, and be subject to abuse and corruption. In addition, there is plentiful data indicating that rent control simply does not work or achieve any of the goals that proponents suggest. So What Should Get Done? Instead of relying on rent control, policy makers should focus on other solutions to the affordability crisis, such as increasing funding for affordable housing development, providing financial incentives for landlords to maintain their properties, and improving transportation options to reduce the cost of living in high-rent areas. These solutions are more likely to result in real, lasting benefits for renters and landlords, while avoiding the unintended consequences associated with rent control.​ SOURCES: https://www.biggerpockets.com/blog/biden-announces-renter-bill-of-rights https://www.naahq.org/rent-control-policy https://www.whitehouse.gov/briefing-room/statements-releases/2023/01/25/fact-sheet-biden-harris-administration-announces-new-actions-to-protect-renters-and-promote-rental-affordability/ https://www.brookings.edu/research/what-does-economic-evidence-tell-us-about-the-effects-of-rent-control/ https://www.gsb.stanford.edu/faculty-research/publications/effects-rent-control-expansion-tenants-landlords-inequality-evidence   —————————————————————————————————————————————————— ➡️ Instagram: https://www.instagram.com/rebelbroker/ ➡️ Twitter: https://twitter.com/rebelbroker ➡️ Facebook: https://www.facebook.com/whitelawre/  

In this week's Investor News, Freddie Mac and Fannie Mae are more attractive lending options than institutional banks, high-poverty neighborhoods have been experiencing rental distress, and despite the looming recession, there's still GDP growth for the U.S. economy.Hear the latest investment news and be with other passive investors.Join our club https://simplepassivecashflow.com/club.00:18 Renter Financial Distress Has Been Concentrated in High- Poverty Neighborhoods and Communities of Color 1:50 Rents slide for third month in a row to close out 2022 (December 2022 Rental Report)3:48 GDP: US economy grows at 2.9% rate to cap 2022, heading off recession worries6:02 SPECIAL REPORT: Navigating a Corrective Environment18:20 At a Time of Uncertainty, Investors in CRE Are Paying More Attention to Portfolio Diversification23:27 Fannie, Freddie Are Still Providing Attractive Terms But Demand from Borrowers Has Fallen27:28 Coffee Hack | Lesson Learned Hosted on Acast. See acast.com/privacy for more information.

Today's Flashback Friday is from episode 307 published last March 21, 2013. Jason Hartman is joined by Jim Rogers, who is returning to the show a second time, to talk about Jim's thoughts on several issues. Jim discusses the possibility of a major correction in the gold market, cautioning that it is not normal to have so many speculators rushing in right now. He gives his opinion on Fannie Mae and Freddie Mac, stating that eventually Congress may have to get rid of them and he doesn't see how they can continue to survive. Jim gives his insights on real estate markets and the possible ramifications and benefits if Fannie and Freddie were gone. He also talks about the direction of home-building, and his opinion of the so-called “recovery” in our country, noting that certain sectors are doing quite well.     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

With four decades of experience in the distressed real estate space including commercial developments, apartments, and condo conversions, Joe Bettag, Broker/Owner of Coastal Properties established in 1991 and located in Jupiter, Florida, manages REO's on behalf of Fannie Mae, VA and private equity. As a true leader in the industry, Joe has been a top performing REO Sales Manager for a NYSE listed company managing large REO portfolios and a partner in a private equity group acquiring, managing, and selling non-performing loans and REO's.Connect further with Joe and get information on his new fund at www.coastalpropertiesflorida.comTo learn more, visit:https://billbymel.com/Listen to more episodes on Mission Matters:https://missionmatters.com/author/bill-bymel/ 

We're trying something new this week! This is your Monday Market Update on what's going on around the country in residential Real Estate. Here's what we'll cover today in under 5 minutes... 1. Fannie Mae's Forecast 2. How Home Prices are Expected to Shift 3. Mortgage industry will see Loan Level Price Adjustment fee changes on Fannie and Freddie mortgages on May 1st 4. Existing Home Sales Fell for the 11th Consecutive Month And that is your Mortgage News for the week! If you or you're clients are looking for a same day pre-approval or an underwritten pre-approval you can message me directly or tap this link. Also, if you or any of your clients have recently closed on a home with an interest rate in the high 6's or 7 percent range, it might already be time to refinance, which I can help with that as well. Have a great week everyone! Jarrod Swanson, Mortgage Advisor with New American Funding. NMLS ID #2014163. 2 Maryland Farms, Ste. 128, Brentwood, TN 37027. Equal Housing Member.

Skip Cobb opened Revolutionary Mortgage Company in 1988. Based in Maryland, Revolutionary Mortgage Company provides conventional, FHA, VA, USDA, and jumbo loans. We are licensed in Maryland, Virginia, D.C., West Virginia, Delaware, and Florida.  Skip talks with Victoria Ray Henderson on Listen Up Home Buyers! The only podcast offering advice & tips from exclusive buyer agents. 1:00 What is the purpose of Fannie Mae & Freddie Mac1:20 Two programs we will talk about are the Freddie Mac Borrow Smart Program linked to Home Possible and the new Fannie Mae Purchase Plus program – both are down payment assistance programs. 1:33 Are they available in all 50 states?2:00 Fannie Mae Purchase Plus program2:43 How do the programs work? How do home buyers qualify?3:04 Restricted income3:26 Borrow Smart and Purchase Plus minority census areas4:11 It is property driven meaning only some properties will qualify for these loans4:50 Links to Freddie Mac & Fannie Mae websites for more information5:00 $5000 max for the Fannie Mae program includes thousands of properties6:10 Fannie Mae program is not income limited6:45 You may qualify if you currently live in the minority census area7:00 Home Possible Program details7:47 Do your homework! Investigate what programs you may qualify for in your area9:18 Your exclusive buyer's agent should be answering all your questions and advocating on your behalf 100% of the time10:23 Online education courses are required for some programs11:23 Skip Cobb provides details of the lender letter which is sent to the listing agent with the contract offerSkip Cobb Company NMLS: 213201Skip Cobb NMLS: 211493

Meet Ceci Connolly:Ceci is a recovering journalist who now is in passionate pursuit of a better, more equitable, more affordable health system. She is President and CEO of the Alliance of Community Health Plans, a national organization of leading nonprofit, provider-aligned plans. Ceci is also the host of the Healthy Dialogue podcast. After 25 years in the news business – at outlets such as the Washington Post, the Associated Press and Congressional Quarterly – she worked at both McKinsey and PwC in health care thought leadership and consulting. She is a founding member of Women of Impact for Healthcare, co-author of Landmark: The Inside Story of America's New Health-Care Law and What It Means for Us All, and serves on the advisory board of Fannie Mae's Sustainable Communities Initiative. Key Insights:Ceci Connolly is a thought-leader who has years of experience advocating for better healthcare policies: Value Based. Ceci argues that the fee-for-service model has substantially hampered the effectiveness and affordability of the health system. Leveraging Influence. As the largest payer, the federal government has significant opportunity to modernize the healthcare economy while keeping it relevant.Recent Successes. Under Ceci's leadership, the ACHP has helped to normalize telehealth and successfully encouraged greater transparency in drug pricing. Relevant Links:Read more about CeciFollow Ceci on TwitterRead about the Alliance of Community Health Plans (ACHP)

Ready to dive into more tips that will help you make better business decisions for 2023? Tune into this week's episode with a very good friend of mine, Ryan Parker. Ryan Parker is a seasoned commercial real estate professional with extensive experience in financing, leasing, originating, and more. He is the Associate Director of Walker & Dunlop, responsible for originating for Fannie Mae, Freddie Mac, multifamily value-add, and commercial real estate debt placement. Ryan discusses the unique needs, risks, and difficulties associated with investing in industrial real estate. Specifically, we go into how to get a tenant in, what the market is like coming out of COVID, and Ryan's opinions on how the debt markets will affect conservatism, refinancing, and investor or buyer behavior—plus many more topics that every real estate investor wants to hear in today's uncertain times. KEY TAKEAWAYS 1. One of the most critical factors of industrial real estate investing is the proximity to major transportation thoroughfares. 2. The market is still very liquid; there's a lot of cash in the system for both the investor and capital sides. 3. Avoid making business decisions assuming that rates are returning to historical lows like 2020-2021. 4. At the end of the day, lenders don't want to take deeds back. Consider keeping your returns now and seeing how things go for a few years. LINKS https://www.linkedin.com/in/rpparker/ https://www.walkerdunlop.com/what-makes-us-different/bios/ryan-parker/ INVESTMENT OPPORTUNITIES Want to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to… www.reedgoossens.com

This episode features the masterminds behind Roofstock OnChain, Geoffrey Thompson, and Sanjay Raghavan. We discuss the revolutionary product of tokenized real estate, how it works, the problems it solves, the incredible scaling power of this new technology, and who it is for.   Geoff Thompson built his career at top-tier law firms practicing in the areas of capital markets, banking and credit, structured finance, private equity, and cross-border transactions. Geoff's prior role at Roofstock was as general counsel where he advised on partnerships, product innovation, fundraising, deal structuring, real estate matters, securities law, international expansion, and all other legal and compliance matters. Sanjay Raghavan is the Head of Web3 Initiatives of Roofstock onChain where he leads the real estate investing platform's blockchain initiative. After being accepted into Cypher Accelerator, Sanjay continues to build connections between real estate investing and blockchain. Sanjay is also an advisor at Pudgy Penguins NFTs. Roofstock onChain is the Web3 subsidiary of Roofstock, the leading digital real estate investing platform for the $4 trillion single-family rental home sector. Relevant links: https://mobile.twitter.com/eth_sanjay https://mobile.twitter.com/_gthomps     Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone, Michael Albaum here from the Remote Real Estate Investor, we're actually in the midst of a pivot and so we're changing the name of our show to be the SFR show. Reason being is we really want to double down on the single family rental industry as a whole and so we wanted to pick a title and a name that's reflective of that. So join us here on the new show, the SFR show where we're gonna be bringing you everything you need to know about SFR investing from what the market is doing at the micro and macro level, to what the factors are influencing and changing the space. So let's kick it off with this first episode. We hope you enjoy.   Hey everyone, welcome to the SFR show. We're going to be talking today with Geoff and Sanjay on Roofstocks web three team about cryptocurrency tokenization, alternative investments, portfolio theory and risk management just to name a few. So with that, let's just jump straight into it.   Geoff and Sanjay, good to see you both. How have you been?   Sanjay: Great. Good to see you again and, Michael, you look really different from the last time we spoke and so much younger and much more refreshed, I think after the holidays.   Michael: Thank you. Yeah, I came back from the holidays ready, you know, cut, put some 10 pounds on and took 10 years off my face. So I'm doing the best I can, so…   Geoff: That's it.   Michael: That's it. So for anyone who didn't catch our prior episode together, I'd love if you could give a really quick intro who you guys are and what is it that you're doing here at Roofstock.   Geoff: So yeah, we are co leading the web three business unit every stock. I'm Geoff Thompson, this is Sanjay Raghavan and we have been at Roofstock for several years and over the last year, we've spent all of our time focusing on how to use blockchain and web three technology to improve the real estate transaction process and to generally make single family rentals more accessible and asset class.   Michael: And for anyone who isn't familiar with what web three is definitely go back and give that prior episode a listen. Sanjay gets into it and kind of what the technology is. So I'm curious gents where we are today, where are you seeing blockchain and tokenization playing a role in the single family space.   Sanjay: So first of all, we had a sale of our Genesis property in mid-October. So for your audience who may have read about it on crypto Twitter or on media publications, that was a very successful launch of this product, we spent about 10 months working on legal and tax analysis of how to structure this product so that it would be compliant and when somebody was purchasing this property in a web three as a web three home, they were in fact getting, you know, ownership of the underlying assets. So that took us about 10 months to engineer and the sale. The first sale that happened in mid-October was a huge success, went viral on crypto Twitter, and was picked up by all the leading crypto and non-crypto publications and the reason for that was because for the first time, what really happened in crypto and blockchain, which, if your followers are looking at the market, in general, this has been a really particularly bad year in the industry for the stock market. Inflation has been at a 40 year high feds have been drastically, like we went to 475 basis point interest rate hike and so, you know, we're going through this very tumultuous time in the industry and crypto has not been an exception, either, they've, you know, Krypto has been having an unprecedented winter, where either like Bitcoin and Aetherium lost 60% of their value since last year to this year and then a bunch of crypto companies went insolvent, because of various either it was just poor risk management or just, you know, for whatever other reasons, you know, they didn't have the capital to withstand the, this bear market. So during these times, you know, this was sort of like a ray of light in this industry, because we had successfully demonstrated that it was actually possible to sell a single family rental property, which normally is a three four week closing process was done instantaneously using battery technologies. But we were also able to find a leverage partner who was able to provide a loan for that property at a 65% LTV and so the combination of all of this really was a very positive thing in the industry, and we got a lot of outreach because of that.   Michael: Hopefully it wasn't FTX, right…   Sanjay: No, the leverage partner was not FTY, it was Dehler finance. But specifically, you know, about your question about, you know, with respect to blockchain tokenization, what does that really mean for real estate is that, you know, we've been able to now demonstrate that it is possible to have a better sale experience, right? When you typically look at the three week closing process on a real estate transaction, there's a bunch of contingencies on an offer, both the buyer and seller are extremely nervous about what happens during the diligence period in those three weeks. You know, like, for example, as you're aware, you know, the inspection results come in, and then you find out something about the property that you were not aware of before and then there's typically some kind of negotiation that goes on the offer price after the fact. There's an appraisal, contingency financing contingency, and, you know, so anything can happen during this three week period, the seller and buyer, even though an offer was accepted, may have a disagreement later on, you know, based on the results of further analysis, and sometimes the offer can be rescinded and then you're back to the drawing board trying to relist the property and sell it. So it's a particularly stressful time, both for the buyer and seller and doing it through this web three mechanism essentially allows us to take a lot of that diligence, which still has to happen, but we're just moving it, you know, upfront in the process, so the buyer and seller have access to the same information about the property, and the buyer is able to perform all of their diligence upfront. The way Geoff talks about his experiences, you may spend a week or two looking at Amazon Prime to figure out what you want to buy for Christmas. But once you've made that decision, you want it to be delivered, you know, on Amazon Prime, same day or next day, you don't want to wait four weeks for it to be then shipped from China to you know, get to Los Angeles, and then from there to be transported to, you know, San Francisco. So, you know, we really want to make this process easy for people, right. So you do all your diligence upfront, but when you decide to make that purchase decision, it happens instantaneously and on top of that, when you add that financing in a way that's asset based and not based on your personal credit underwriting, you're not trying to find a lender and you know, sending them two years of tax returns and bank statements and as you as you're aware, Michael, what happens in this process is you send all this information, you get a pre underwriting approval and then as you're getting ready to close on the property a month or two have elapsed, and all your information is outdated, and you're resending all the information back to the lender. So you know, you want to avoid all of this as well, because that's also incredibly stressful as you're going through a purchase process and here, because it's a rental property, it's cashflow generating, you based on the value of the asset, you can actually underwrite the loan and say, you know, it's a $200,000 property, I'm comfortable giving you $100,000 loan against it and that makes the lending paradigm a lot simpler as well. So overall, it's generally a better experience, both for the seller and the buyer, when you bring in the battery technology into this process.   Michael: This is mind blowing, you guys. So, I'm curious, like, how are you seeing really or rather, are people doing this at scale? I mean, is this we did it once we've, we've proven that it can be done once. But what is the scalability factor look like here? For both buyers and for sellers?   Geoff: It is yeah, I can jump in here. It is scalable. It's scalable in the same way that buying and selling homes today can be done, you know in bulk, or you can assemble your own portfolio over time. It's not you know, there isn't a delayed production process in creating these and preparing them to be sold on the blockchain. We do get that question a lot. Well, how much does it cost to mint a token? You know, is it 10s of 1000s of dollars? No, that's, that's essentially free. How long does it take, it's essentially instantaneous. The work that we do to prepare this to be sold is, is what Sanjay alluded to the diligence and inspection making sure everything photos have been taken, taxes have been paid HOA square all of those things. That's what we do up front, which has to happen in any real estate transaction, we just package that up in a very short timeframe of you know, call it five or 10 days, once the home has been purchased, and rehabbed and you know, it's ready to be listed for sale. So this can be this can be scaled and then once the home has been put on chain, then this is where the seller really is going to feel the scalability and the ease of interaction because imagine that you own five or 10 or you know some number of homes, you want to rebalance your portfolio. Maybe you want to get into one market and get out of another market. Right now you know, you'd have to do that through the traditional process. It might take a few months and involved a number of different intermediaries. In our case, if you if you own those homes as tokenized properties, we can get them ready for sale in five or 10 days, and then they can be listed immediately and once they've been listed on an NFT marketplace, the sale can happen with one click. So you don't as the seller, you don't have to go through a you know, a prolonged and painful back and forth with the buyer countering after they get the inspection and you know, trying to haggle on the price or trying to get a discount here, whatever it might be. That's all taken care of up front. So in that sense, it's it does make this much more scalable and much more liquid than the traditional process.   Michael: Should audience and listeners be thinking about crypto almost like a foreign currency and so just quick anecdote. So I've invested in Portugal, I signed my purchase agreement to purchase the property in Portugal back in 2020, just before the pandemic, then where the dollar was really strong against the euro than the Dollar tanked against the Euro and so I changed money after the fact and just got totally hosed on the exchange rate. How should people be thinking about exchange rate, if you will, between cryptocurrency and whatever currency there?   Sanjay: Yeah, that's a that's a really good question, right and when you think about a cryptocurrency, like Bitcoin or Aetherium, these are the two sort of more commonly discussed cryptocurrencies, in a way it is, you can make the analogy that these are almost as though they are, you know, sovereign currencies of their own and there is an exchange rate between the US dollar and Bitcoin or Aetherium. The only difference here being that, you know, unlike Euro, or the British pound, where they have their own fiscal and monetary policies that, you know, determine what happens to their bank against the dollar, in the case of cryptocurrencies, they are highly volatile and we see that there's, they're very, actually strongly correlated to the stock market today. So, when, for example, the, there was an indication that the feds might slow down the rate at which they're increasing the interest rates and I think the expectation for, I believe this week the Fed is meeting and the expectation is that this week, it will be a 50 basis point taken sort of a 75 basis point high, the stock markets rallied and sorted Bitcoin with that and however, even though they're kind of strongly correlated, they're also highly volatile and so when we talk about people having cryptocurrencies that they can use to buy these properties, we actually suggest that they buy and keep their money in stable coins, which are pegged against the US dollar and there are companies such as circle which have USDC, and Paxos which has its own version of dollar pegged stable coin. And having your money in stable coins means that you're not subject to the same volatility, as Bitcoin or Aetherium might be which can drop or go up in value by 20-30% in a single day and that's, that's how we will really think about it. If people want to, you know, have an allocation, if somebody is really long on Bitcoin or Aetherium, and they want to have an allocation in that asset class, that's fine. As long as they're aware that those are highly volatile and in the short term, they could be, you know, fluctuating quite a bit.   Michael: Yeah and that makes sense and so when are you seeing people make the change from the stable coin to whatever coin they're going to be using to purchase the properties?   Sanjay: So the stable, you can actually purchase properties with stable coins and because, you know, we have a way to when we received those stable coins, for example, if we are the seller of the property, and, you know, property is purchased using, let's say, serpents, USDC. Once were paid in USD C, we have a way to convert that back into US dollars. So that's, you know, it makes essentially, you can think of the stable coins as programmable money meaning this whole transaction is happening on the blockchain, and it's happening through a piece of computer code, there's no you know, you and I are not sitting across the table signing documents and you know, giving a check and receiving title and in return. So, this is all happening because a piece of computer code is transferring money from you to me and transferring the, the LLC through the NFT giving you the LLC that I own, which has this property and since this is all being executed by computer code, this stable coin is really, you know, we refer to it as programmable money because a piece of computer program is able to move money from you to me, and, and allow this transaction to happen in that one click process that Geoff was talking about earlier.   Geoff: You know, it feels like this is the way things should work, right? If you think about the system that we have right now for closing property transactions. It's basically inherited from England 800 years ago. You know, we've made small advancements, but not really and it shouldn't you know, it all of everyone who is involved in these transactions, and every step that's taken is taken for a reason it's solving a particular problem. But if you stop and rethink how this is done, you realize that by reordering some things, and maybe, you know, using a splash of new technology here, you can actually dramatically change the experience for everyone and it's not necessarily, you know, a zero sum game, I think it's best, it's better for everyone, everyone who's in the industry is going to be better off, there will be more transactions, because it's easier to transact, there'll be more demand because people are interested in getting in, if they know they can get out easily, right? Right now, you know that if you're looking at buying a property, you're probably going to have to hold it at least five years to recover your closing costs and wait for it to appreciate a little bit and you know, it's going to be a headache, when you do have to sell, if you don't have those constraints, you know, transaction fees are less and the time involved is less, you'll be more inclined to get in the market, because you know, you can get out when you need to.   Sanjay: And, you know, I'll also add one more thing to that, right. So Michael, if you think about, you know, back in the day, when there were these kind of all day, buyers, a lot of them were like businessmen that, you know, one year, they might have made half a million dollars, but you know, then another year, it was only 150, or something and so it's very hard to underwrite those types of folks through a traditional underwriting process, because you're looking at two years of, you know, income and tax returns, and all of that, and a lot of them may not can qualify for more conventional financing. However, in an asset based lending type solution, you know, as long as you have the money, and, you know, you're not constrained by, you know, your income for the last two years or three years, as long as you have the money to buy the, you know, to put in as down payment on the product, and the asset itself has the value, you're able to borrow against it much more easily. So, you know, we just talked about the complexity of closing a real estate transaction, in general. But once you add in the financing layer, on top of that, it gets even harder because, you know, there's, again, in a in a, you know, when the market is going up, you just, you just don't know, if you know the max, you want to make the best offer, you can but at that offer, you don't know if you will qualify for the loan, because the also the rate might have moved since the time, you initially got underwritten and suddenly, with the new rate, you don't qualify anymore for that and you have to find that little bit more down payment to offset it or buy some points. You know, you and I have gone through this numerous times in our lives. But you know, you can avoid all of those types of issues because in an asset based lending program, you know, that when you buy this asset, which is worth $200,000, there's a lender, if they're willing to come in at 65%, LTV, you know that based on the value of the asset, you're going to get that loan.   Michael: And if we just decouple the crypto piece of this and blockchain piece of this, I mean, asset based lending, is that available for regular folks?   Sanjay: So in the traditional finance world, it is available, right, but it becomes it becomes harder, because when you're buying an investment property. As you know, Fannie Mae puts limitations on how many investment properties you can get financing for as an individual. Once you get past that limit, then you're looking at pretty much private money, hard money type lending solutions, until you can get up to a scale where you have enough properties where Citibank or Wells Fargo or Goldman Sachs might be interested in working with you. But there's this pocket where after you know, your first 10 properties till you get to a few 100, we are primarily working with, you know, non-bank lenders who are generally, you know, where the rate could be 10 or 12% and then, oftentimes, some of these lenders will also ask for a personal guarantee on top of it. So it's not, you know, while it is possible to get financing on investment properties in the traditional finance world, at some point, it doesn't scale very well and, you know, you're sort of in that desert for until you can somehow figure out a way to get to 200 properties when suddenly the larger lenders are willing to talk to you. So that problem goes away when you're using Blockchain, and specifically decentralized finance or defy as we refer to it, because they're incrementally each property that you're buying is getting financed based on asset value and so you know, you're able to get a much more sort of a pleasurable experience to get through the lending process on the blockchain than on the traditional work.   Michael: Let's pivot just a little bit and talk about risk management and portfolio theory and as folks are starting to scale their portfolio or really as institutions have already a sizable portfolio, where does tokenization fit in to their playbook? When's the appropriate time? When should people be thinking about it in general?   Sanjay: The way I like to answer this question is if you as an individual, if you went to your financial advisor, and said, okay, you know, I have, you know, a million dollars, I want to invest, and I want to make sure there's, you know, come up with a portfolio allocation, that makes sense for me, typically, they're going to, like, in the old days, it was just a sort of a 60,40 rule, there was 60%, in stocks, 40%. In bonds, yeah, but I think people have gotten smarter over the last 10 years and nowadays, when you go to a financial advisor, they're going to say, some allocation in stock, some allocation in fixed income bond products, and then an allocation to alternative investments, because that's where, you know, you can get non correlated yields, because the stock market moving in one direction should not and like, you know, God forbid, if you have an emergency, and you need some cash, like this would be a, you know, if you bought at the height of the market last year, this would be a really bad time to sell, you know, your S&P 500 shares to, to, you know, pay for whatever you had to write, whether it's a wedding, a doctor's thing, education, whatever it is. So, generally speaking, financial advisors these days suggest that you should have an allocation in alternative investments that are non-correlated to the stock and bond markets and, you know, you can access that pool of capital, you know, when you need to, right. So from that, from that perspective, diversification, and then when you talk about alternatives, there's, obviously, there's a wide range of assets there. But real estate is on top of mind, for almost all the, you know, anytime we talk about alternatives, real estate, sort of is one of the top things people talk about. So from that perspective, you know, almost every investor should probably be looking at some allocation, and it will depend on their individual circumstances, whether their age, their income, their marital status, and you know, their need for cash there, this cauldrons and all that, but, you know, advisors might ask you to put five to 10% or, or more into alternative asset classes and so the same financial hygiene should also be applied by corporations and institutions, because you're sort of being asked to manage the treasury of your company, let's say you are a venture funded company, and you just raised $100 million, well, you are going to keep a good portion of that money in cash and cash like instruments, money market, and so on, because you have working capital, you have other things that you need to be spending on. But some allocation of that you might put in US Treasuries, for example, right and in the crypto world, crypto institutions may keep some allocation in Bitcoin and Aetherium and other protocols that they have high conviction and but nevertheless, whether it's a web two institution or a crypto institution, it's just basic financial hygiene to have an allocation in alternative asset classes and specifically, with our product, being a web three product, you know, that money can stay, you know, essentially, the token they're purchasing is a is an NFT and it is part of the blockchain ecosystem, so they can keep their assets within the crypto world without having to continuously off ramp into US dollars and then on ramp it back into crypto when they need to switch back and forth with respect to how they receive rental income, of course, you know, if your properties are managed by a property manager, which they should be because institutions are not in the business of managing properties, you can collect your rent in cash if you have, you know, if you have to, if you have expenses that need to be paid out in US dollars, but also if you want to collect your rent and USDC or DDM, you have the option to do that as well.   So whether you're a two institution or a web three institution, depending on your cash needs and your crypto needs, now you can have a yield generating crypto asset, and the yield can be collected in Fiat or in or in cryptocurrency. So, you know, it is good financial health to do it. We encourage everybody to have some allocation, whether it's through Roofstock, or through any other channel channels that they would like to pursue, but they should have some allocation and alternatives if it just makes sense. Geoff, if you'd like to add something back?   Geoff: No, that's it. I mean, in our case, because we've designed a solution that allows you to transact with crypto natively. This is something that we've heard from a number of crypto or web three institutions that it's potentially very interesting for them, as opposed to maintaining all of their assets in a cryptocurrency or a stable coin, this isn't a way to get access to, you know, a diversified asset that does create yield and it does have a price appreciation component. So there are a lot of, you know, we've heard from the web three community in particular that this is a perfect diversification play.   Michael: And if I'm someone that owns a sizable portfolio, maybe I own it all in cash, because that's been my mantra and I do need that quick capital injection. I mean, could I tokenize these properties and then go get asset based lending and convert that into cash very quickly.   Geoff: Yes, that's your thinking ahead, I like that. Yes, the properties can be tokenized. Basically any point in their lifecycle. If you own them, now, you bought them through a traditional sale and settlement, you can, you know, basically what it means is you have to drop it into an LLC and the LLC has a particular structure that we've worked out, it is very particular. So you know, we'll work with you to set that create that LLC, to help transfer the property into the LLC. In most states, I think the vast majority of states that transfer from an owner to an LLC that's owned by the owner doesn't create transfer tax obligations. So there's, you know, there's a little bit of the traditional closing costs, recreation fee, or whatever that might be part of that. But it is perfectly possible to onboard existing assets that you own into the system and similarly, for if we're talking about other points in the lifecycle for builders, we've had a few builders reach out and say they're close to completing a community and they might want to try to sell some of these as in an NFT form, those can those new assets as new properties that really have never been titled before, those can also be titled directly into an LLC. So it's a very flexible structure, it accommodates property at whatever stage of the lifecycle it's in.   Michael: Anyone who's got conventional financing experience under their belt might be listening to this and saying, Well, you're talking about lending or talking about LLCs. Those two things often don't jive play nice get in the sandbox. So the acid base lender that we're working with, or that we are going to be working with, I would imagine has no issue lending to an LLC. Is that right?   Geoff: Yes, that's exactly right. The lenders that we're working with are the web three lenders, we have talked to numerous traditional lenders, and some of them expressed a lot of interest in digital assets and maybe they've even created a team. But in most cases, the underwriting aspect of it isn't, isn't there yet. They're not ready to take this to credit committee and make a loan on the structure that we're proposing here but that's okay because there are there's a lot of money that's available in the web three space, and it is more flexible in terms of what it requires. They don't necessarily need to have all of the same checks and balances that a traditional lender would be in terms of underwriting against the individual. They can be comfortable underwriting against the asset, because they're comfortable that in the event of default, that asset, it is already in their vaults. So it's in the lenders wallet at the time of default and because we're building this system where you can sell them through an NFT marketplace, there is liquidity that there wouldn't otherwise be if you were holding this you know the traditional way so you to your to your question. Are Trade Fi lenders, the traditional finance space interested? Yes, we've heard some say they're interested we haven't seen anyone actually show up to engage in detail. But there is an entirely separate pool of capital into web three space that's much more flexible and willing to work with Blockchain structure.   Michael: I think my last question, guys before I let you out of here is like I'm sold this sounds obviously like a really great product, like a really cool technology that exists. Who isn't this for who, who listening to this should think about that. It's not a good fit for me because XY and Z.   Sanjay: Yeah, I mean, I can start with a couple of things and then Geoff, you can add to that as well. So if the property already has financing in the Trade Fi world, this structure is hard, because we can't really transfer unencumbered property into an LLC and then tokenize it right because there's a traditional mortgage on the property and there's a whole kind of thing that's a fillip off chain, in terms of financing. So it's not going to work. If primarily you're looking to get off chain financing, then this is not for you. You have to you know, sort of follow the traditional sense. But anybody that's open to purchasing this as a web three property and open to looking at web three financing alternatives. For those people, this absolutely should be something they should consider. The one kind of drawback or question we've heard from a lot of people as they need to become familiar with how to use crypto wallets and how to essentially convert money into USD C or some stable coin, and then use that to go and make a purchase. We're here to help with those types of Q&A, right? The, you know, until you do it for the first time, it's hard, but after you've done it, then it's you know, it's easy, right? Just like when we, the, you know, iPhones first game, and people didn't know, you know, how do you which way do you swipe to do what, but then over time you get used to it and so we're absolutely happy to help anybody that's staying in the sidelines, purely because they don't understand the technology aspects of it, we can help them out. But for people that have financing constraints or other things, and you know, for them, it is until they can, you know, overcome those issues and look at sort of a pure web unencumbered property in the web three world with, then financing added to it on the blockchain. So for those audiences, that might, you know, until they figured out that, it might be a challenge.   Geoff: I'd also add for owner occupants, the financing isn't fully worked out yet. So the financing that we added to the initial home sale a few weeks ago, that was very much geared towards an investment property, and for the immediate future, to the extent that we're building out the different options for defi lending, it looks like most of them will be focused on these as investment properties, as opposed to owner occupant properties and that's for lending law reasons, not wanting to cross over into a mortgage lending licensing requirement and it also just dealing with, you know, the people that are different in the, at that point, the underwriting is different as well, because it's not as easy to necessarily sell that asset if the owner is living in it and so that type of thing. So for at the at the moment, we're thinking of this mostly for investment property, use cases.   Michael: Really, really cool stuff. For people that have questions that want to reach out that want to learn more, what's the best way for them to do so?   Geoff: Reach out on Email or Twitter. We're, we can drop our emails here, but it's: gthompson@roofstock.com or is it sraghavan, right?   Sanjay: Yeah, it's a sraghavan, so: S R A G H A V A N @roofstock.com. I'm also @eth_sanjay, Sanjay, Y on Twitter, so you can also reach out to me there. One thing before we sign off for today, we're super excited to say that we are in the process of closing our second property, that's going to get tokenized. Soon, this one's going to be in Georgia, at CES Atlanta suburb and we'll be going through the process as soon as this is closed in the next few days, we will be going through the process of documenting what the property looks like when we bought it and any Rehab we end up doing on it and you know, they'll be you know, talking about it on social media quite a bit as well as people who are new to real estate investing, maybe this is an opportunity for them to understand, well, you know, what are the kinds of things people should be looking at when they're analyzing a rental property and so as we go through the process of rehabbing this will sort of document that a little bit. But that, you know, once the rehab is completed that that'll get, they'll get tokenized soon, but once the rehab is completed, we'll have it available for sale.   Michael: Awesome, we'll definitely have to keep my eyes peeled for the process and for the property once it's finished. That's super exciting. Well, guys, it's always a pleasure, great seeing you both. Thanks for hanging out with me.   Sanjay: Thanks for having us.   Geoff: Always great to chat.   Sanjay: Bye!   Michael: Take care and talk soon. Hey, everyone. That was a wrap to our show. Thank you so much to Geoff and Sanjay. Super, super, super interesting stuff. Definitely leave us a rating or review wherever it is you get your podcasts and definitely reach out to those guys if you have any questions about web three, about tokenization about cryptocurrency home purchases. Again, really cool stuff. We look forward to seeing you on the next one. Thanks so much for listening. Happy investing…

Darlene Wilkins shares with Tony and Toni, the incredible journey that took her from a Pulitzer Prize team-winning photojournalist to a world-renowned master quilter.  She shares how listening to God gave her a life beyond her wildest dreams. From our Sponsor: Everybody has financial goals — that's why it's important to start building up your credit now. Check out FannieMae.com/crediteducation for info and tips on building your credit. Support the show

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Fannie Mae, one of the largest buyers of mortgages in the US, recently made updates to its automated underwriting system to make getting a mortgage more accessible to borrowers who don't have a credit score. I break down how this impacts the "credit invisible" community obtain a conventional loan easier. https://www.businessinsider.com/personal-finance/fannie-mae-expands-mortgage-access-borrowers-no-credit-score-2022-12 This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. Email: hello@houserichshow.com First Time Home Buyer School- https://www.facebook.com/groups/fthbschool Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs TikTok https://www.tiktok.com/@coinsnculture IG- https://www.instagram.com/coinsnculture/ @coinsnculture coins-n-culture

A working paper from the Federal Reserve Bank of Cleveland outlines a new way of measuring rent growth with strong implications for how economic policy makers understand and track inflation, Fannie Mae's most recent commentary on the multifamily market reviews the housing implications associated with the growth of the 75+ population, Japan's bond market shifts signal greater concerns about inflation, and reports on the apartment market continue to highlight the strength of Midwestern markets with a lower cost of living. For the latest multifamily news from across the internet, visit the Gray Report website: https://www.grayreport.com/ Sign up for our free multifamily newsletter here: https://www.graycapitalllc.com/newsletter/ DISCLAIMERS: This podcast does not constitute professional financial advice and is for educational/entertainment purposes only. This podcast is not an offer to invest.

Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed-income investments.In this episode:FOMC decision & market reaction (2.04)Changes to FOMC membership (4:57)Federal Reserve comments on unrealized investment losses & tangible capital issues (6:35)New conforming loan limits for residential mortgages (10:02)Updated guidance on legacy LIBOR-based adjustable mortgages (ARMs) (12:11)Fannie Mae announcement (LINK)Freddie Mac announcement (LINK)Update on Texas Permanent School Fund (13:26)Workshop coming in January! Building an Investment Strategy for Your Financial Institution (REGISTER TODAY)  (15:53)If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com.Do you know someone who could benefit from this information? Please share this episode and podcast with them!You will find more articles, tips, and resources about fixed-income investing and portfolio management at BondInvestmentMentor.com. Check it out!Let's Connect via Social Media!LinkedIn: Christopher Nelson, CFAFacebook:  Bond Investment Mentor

In this episode of Project Management Office Hours, PMO Joe welcomed Sanjiv Augustine, CEO and Founder of LitheSpeed. Sanjiv shared his story and the origins of LitheSpeed. We also hear challenges that organizations are facing and to overcome them. We learn about the Value Management Office, VMO, and how do you go about setting one up.Sanjiv Augustine is an entrepreneur, industry-leading agile and lean expert, author, speaker, management consultant and trainer. With over 30 years in the industry, Sanjiv has served as a trusted advisor to executives and management at leading firms including: Capital One, The Capital Group, CNBC, Comcast, Freddie Mac, Fannie Mae, General Dynamics, HCA Healthcare, Huntington Bank, The Motley Fool, National Geographic, Nationwide Insurance, Walmart and Samsung.Sanjiv shared his insights on 4 keys to move from a PMO to a VMO. You can learn more about these insights by picking up his book, PMO to VMO Managing for Value Delivery. First is to transition from a project model to a product model. Second, moving from large batches to small batches. Sanjiv said, “Now in today's world, because things are moving so much faster, it's much better to say what is the smallest piece of value that I can deliver to my customers as quickly as possible?”Third, is to track business outcomes or value and not just outputs. Lastly, is to shift from command and control, top-down management to leadership and collaboration. Sanjiv stated, “So, in a nutshell, project to product mindset, change large batch to small batch, tracking outcomes towards value, delivery value, not just outputs. And then transitioning from command and control to leadership collaboration.”Listen to the entire episode to hear the full story from Sanjiv. Be sure to catch the complete conversation and listen to the full episode: https://www.thepmosquad.com/podcasts/project-management-office-hours/episodes/2147838421Connect with Sanjiv Augustine: LinkedIn - https://www.linkedin.com/in/sanjivaugustine/Learn more about LitheSpeed:https://lithespeed.comTo catch up on previous episodes visit the Project Management Office Hours website - https://www.thepmosquad.com/podcasts/project-management-office-hoursThank you to THE PMO SQUAD and The PMO Leader for sponsoring this show. The PMO Squad is a leading provider of PMO and Project Management services in the US. They assist clients building and improving PMOs, provide Project Management Consulting services, deliver custom Project Management Training and provide Project Management staffing services. Learn more about The PMO Squad – https://www.thepmosquad.com Where do PMO Leaders go for Information, Learning, Networking and Services? The PMO Leader community has “Everything You Need to Become a Great PMO Leader”. One PMO World, One Community! Learn more about The PMO Leader – https://www.thepmoleader.com

Hey! Jason Yarusi here.Supply chain issues, costs of construction, looming recession…This can all leave you wondering what's coming for the multifamily market.Fannie Mae recently released their Multifamily Market Commentary.So I'm sharing my takeaways, what we're seeing in the market right now, and what it could mean for your business.Listen in now!Want to Learn More About Multifamily Real Estate Investing?If you're an experienced real estate investor and you're ready to get around a community of active multifamily real estate investors who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Multifamily and see if it looks like a good fit. If it is, I invite you to join in. If you have any questions, please reach out!- CLICK HERE: https://7fm.7figuremultifamily.com/7fmgroup====================Want to continue your multifamily real estate journey? Here are a few more resources to check out...Multifamily Live Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://www.7figuremultifamily.com/multifamily-live-podcastFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/multifamilylive/7FigureMultifamily.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://www.7figuremultifamily.com/ Hosted on Acast. See acast.com/privacy for more information.

Welcome to the Real Estate (Un) Success podcast where our host, Cody Lewis talks to people from the real estate community, sharing real stories about their struggles, pains, and even losses during their own real estate journey.     Jim is a founding partner at Jiroma Enterprises where his valuable skills in business management, sales, marketing, finance, deal structure, and community development are being utilized to apply his lifelong interest in real estate investing to enhance the value for his investors and his personal investments in commercial real estate.   Jiroma Capital our private equity and acquisitions division, controls Ragnar Holding Partners which currently has a reported net worth of ~$90MM with liquidity of ~$6.6MM and real estate assets of ~$1.3B comprised of 70 properties. A total of 10,879 doors across 7 states.   We control real estate interest in Illinois, Oklahoma, Louisiana and Texas. We have Served as a Key Principle for both Fannie Mae and Freddie Mac and Have Liquidity and net worth to help close your deal as a co-sponsor/GP/KP.   Thanks for listening to The Real Estate (Un)Success Stories podcast.  Help someone hear the challenges we went through so they can avoid the same mistake by sharing this episode or listen to our previous episodes. Please don't forget to leave a review and 5-star rating on your favorite podcasting platform.       Vendue Capital is on the Web and, you can connect with our host, Cody Lewis on LinkedIn.       Production services for The Real Estate (Un)Success Stories podcast are provided by Downtown Podcasting. To start a conversation on how you can have a podcast, simply send an email to info@downtownpodcasting.com.

In this Real Estate News Brief for the week ending December 3rd, 2022... new limits for 2023 conforming loans, the hours tenants need to work to pay rent, and a single-family rent growth slowdown that's still good news for landlords.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.  Economic News   We begin with economic news from this past week. The inflation gauge favored by the Fed showed a bigger drop in price growth, but a report on job creation and wage growth showed that the economy is still running too hot. The Personal Consumption Expenditures Index or PCE shows a .2% increase for the October core rate which is down from a .5% rate of growth in September. The current annual rate is now 5.2% for the PCE core rate which excludes food and gas prices. The improvement suggests that inflation is stabilizing. (1)   The government also released a report that shows stronger-than-expected job growth in November and a sharp increase in wages. That's good for workers, but a hot job market contributes to inflation. The report shows that companies added 263,000 new jobs in November – Wall Street had forecast around 200,000 – and that wages surged .6% to an average of $32.82. As MarketWatch reports, that's the largest increase in 13 months. The unemployment rate was unchanged at 3.7%. (2)   Initial jobless claims were lower. There were 16,000 fewer applications to a total of 225,000 initial claims. That was also a surprise. Economists had expected a much bigger decline. The number of ongoing claims did move higher, however, to the highest level since last February. They rose 57,000 to a total of 1.61 million. Economists say that unemployment numbers can also be difficult to interpret during the holiday season. (3)   Meantime, Fed Chief Jerome Powell spoke at the Brookings Institution on Wednesday. He said that the central bank may decide to slow the pace of interest rate hikes at the upcoming meeting but he also warned that the terminal rate may go higher than originally anticipated which means smaller rate hikes for a longer period of time. He said the Fed needs to see clear evidence that inflation is declining, including lower prices for housing.   Some economists are now predicting a half-point rate hike at the December meeting, followed by three (3) quarter-point rate hikes next year. That would bring the short-term rate to a range of 5 to 5.25%. Powell said during his speech: “The truth is that the path ahead for inflation remains highly uncertain.” (4)   The housing market continues to cool, with existing home sales down 4.6% in October. According to the National Association of Realtors, it's the fifth month in a row they've been down. Year-over-year, pending home sales are down 37%. Home sales have stalled for several reasons including high prices and rising mortgage rates. (5)   Home prices have started to come down. The S&P CoreLogic Case-Shiller national  price index was down .8% in September. Year-over-year prices still show a 10.65% rate of appreciation however. (6)   Mortgage Rates   Mortgage rates are coming back down. Freddie Mac says the average 30-year fixed-rate mortgage dropped 9 points to 6.49%. The 15-year was down 14 points to 5.76%. Freddie attributes the decline to optimism that the Federal Reserve will move more slowly with the rate hikes. (7)   In other news making headlines…   Conforming Loan Limits for 2023   The government released new higher limits for 2023 conforming loans. The new amount that borrowers can get for loans guaranteed by either Fannie Mae or Freddie Mac will run from a base amount of $726,000 to more than one million dollars. More expensive counties will qualify for higher amounts with the highest tier at $1,089,300. (8) The Federal Housing Finance Agency regulates Fannie and Freddie and has published a county-by-county list with conforming loan limits. (9)   The limits are based on average home prices in each area. If home prices fall, the loan limits will not be reduced but they will not be increased again until home prices move above the current conforming loan amounts.   Hours Worked by Tenants to Pay the Rent   A new analysis shows that tenants are working more hours to pay their rent. Research by Zillow shows that a typical full-time employee must work about 63 hours to pay the average rent of $2,040. That's about 36% of the average tenant's paycheck. Anything above 33% is considered “rent-burdened.” (10)   The situation is the result of robust rent growth and wages that are not rising as fast as rents. Labor statistics show the average hourly wage has grown 23% over the last five years and that rents have gone up about 37%.   Rent Growth is Slowing for SFRs   Data shows that rent growth is slowing down. According to CoreLogic, which tracks single-family rent growth, year-over-year rents were down for a fifth month in a row but were still at double digits.   The data shows the annual single-family rent growth was 10.2% in September from a high of 13.9% in April of last year. CoreLogic economist Molly Boesel says that SFR rent growth is coming down, but it's still more than twice what it was before the pandemic. (11)   That's it for today. Check the show notes for links. And please remember to hit the subscribe button, and leave a review!   To find out more about rental real estate, go to newsforinvestors.com. You can join for free and get access to our market data and our curated list of real estate resources. That includes our experienced investment counselors and other real estate professionals that can help you get where you want to go with real estate.   Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.cnbc.com/2022/12/01/key-inflation-measure-that-the-fed-follows-rose-0point2percent-in-october-less-than-expected-.html   2 - https://www.marketwatch.com/story/u-s-adds-263-000-jobs-in-november-and-wages-rise-sharply-still-too-much-for-the-feds-liking-11669988407?mod=economic-report   3 - https://www.marketwatch.com/story/u-s-weekly-jobless-claims-retreat-in-latest-week-11669902096?mod=economic-report   4 - https://www.marketwatch.com/story/powell-says-pace-of-interest-rate-increases-can-slow-as-soon-as-december-meeting-11669833150?mod=economy-politics   5 - https://www.marketwatch.com/story/u-s-pending-home-sales-drop-for-fifth-straight-month-in-october-11669820442?mod=economy-politics   6 - https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-us-national-home-price-nsa-index/?utm_medium=next_gen&utm_source=google&utm_campaign=paid_campaign&utm_term=home&price&index&utm_content=Intl_Indicators&gclid=Cj0KCQiA4aacBhCUARIsAI55maGtTBygJMpl-CDDyORMbYFhSWa8LQMT5KwodBWyhjCuvr2tjC4rUFIaAoG8EALw_wcB#overview   7 - https://www.freddiemac.com/pmms   8 - https://www.mortgagenewsdaily.com/news/11292022-conforming-loan-limits-loan-limits-fhfa-case   9 - https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limit/FullCountyLoanLimitList2023_HERA-BASED_FINAL_FLAT.pdf   10 - https://www.nytimes.com/2022/12/01/realestate/rising-rent-us-cities.html 11 - https://calculatedrisk.substack.com/p/rents-falling-faster-than-seasonality

Chad welcomes back Logan Freeman to discuss the nuances of real estate investing. They talk about the challenges during a recession, and how long-term investments in multifamily and industrial properties can still be profitable in these times. Learn how to navigate through market cycles to maintain profitability and avoid panic selling by tuning in!   Logan Freeman is the key principal, co-founder, and Chief Development Officer of FTW Investments. Ex-NFL athlete turned real estate investor, Mr. Freeman oversees the company's acquisitions and investment strategies. He also personally selects all key investment markets and asset classes to meet the goals of investors. Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com    [00:00 - 10:12] Opening Segment Welcoming back Logan Freeman to the show Go back to episode 52 if you haven't listened to Logan's first episode yet! Logan shares his opinion that there is an identity crisis in the real estate industry due to the changing dynamics of the market He recommends educating yourself and your investors on cycles so that you can make money in any cycle, but understand the different dynamics at play Multifamily fundamentals are strong, with strong rent growth and collections. Multifamily has historically held up well during economic downturns, and when looking at rent growth, industrial, and retail multifamily, has been the strongest.   [10:13 - 18:32] How is the current market towards multifamily? The average lease term for multifamily properties is about one year, which means that the property can be repriced multiple times The availability of debt financing from federally backed agencies like Freddie Mac and Fannie Mae has helped to create a big tailwind for multifamily. The rate of rent growth in multifamily is still high, despite the recent market correction.   [18:33 - 28:36] Opportunities in Other Asset Classes Flex industrial is a type of industrial property that is different from traditional industrial properties Allows businesses to operate their entire business in one location, which is attractive to smaller and medium-sized businesses   [28:37 - 29:53] Closing Segment See the links below to connect with Logan Final words Quotes:   “What do you want to invest in in a recession? It's gonna be the necessities. It's gonna be the everyday-life type of activities.” - Logan Freeman   “Keep your eyes up and out, not down.” - Logan Freeman   “The best thing you can do is educate yourself. Invest in yourself.” - Logan Freeman You can connect with Logan through LinkedIn, or you can visit www.ftwinvestmentsllc.com. Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com    LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com. Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.

Introduction Lee Barroll is a loan originator in Nashville, TN. He has 26 years of experience and enjoys helping all types of homebuyers accomplish their goals. When not working, he loves hanging out with his 2 dogs, Charlie and Bernie. Get In Touch With Our Guest, Lee Barroll If you'd like to get in touch with our guest today, click on the link below and I will send you a warm introduction: Get In Touch With Our Podcast Guest Today Find The Perfect Real Estate Agent Near You If you'd like to find a great real estate agent near you, just go to this link: Real Estate Agent Near Me Podcast Sponsors Find an Agent with HomeFlow: The key to having a calm and successful home buying experience starts with having the best real estate agent. This is why you need to interview a few. To get the process started just go to Tryhomeflow.com Dovly: 10 million of Americans have errors in their credit reports that lower their credit score. To fix those error try Dovly.com MyFico: 90% of top lenders use FICO® Scores—do you know yours? Check your FICO Score at MyFico.com The Smart Home Buyer Calculator: Use our 4-in-1 super-smart calculator to make sure you know your numbers before buying your first home. Get it now at The Smart Home Buyer Calculator Rate The Podcast Click on this link to Rate and Review "The First Time Home Buyer Podcast" on iTunes. You can also subscribe to the podcast there. I will really appreciate it, thanks so much in advance! Listen To A Podcast Guest In Your Area If you'd like to find podcast guests for your specific location or profession just click on the link below to search for them: Podcast Guest Search Awesome Resources For First-Time Home Buyers If you'd like to access other great resources for first-time home buyers just click on this link: First-Time Home Buyer Resources Let's Talk I'd love to talk to podcast listeners and get to know you all better! I can also help you answer any questions you have about buying your first home! So if you'd like to talk about that let's jump a quick call! Just schedule a time that works for you here: Schedule A Call With Laura Moreno Feedback I love receiving feedback so please, if you'd like to tell me how you'd improve the podcast, send me an email or schedule a call with me for that works for you here: Schedule A Call With Laura Moreno Share The Love If you know someone looking to buy their first home and you think this information would help them,  just share it with them. They will really appreciate it. Subscribe To The Podcast Apple | Google | Spotify | Stitcher | iHeart Connect On Social Media YouTube | Instagram | Facebook | Twitter | LinkedIn Do you want to start your own podcast? Then enroll in The Free Podcast Course today, which is the course that I followed to create this podcast! Transcript This is an automatic transcription (sorry for the typos in advance!

Mortgage giants Fannie Mae and Freddie Mac raise loan limits for 2023 Meet Ramez Fahmy a mortgage lender with Caliber Home Loans. He explains what is happening in the housing market in December 2022 and what is in store for 2023.Victoria Ray Henderson is the owner & broker of HomeBuyer Brokerage serving Washington DC, Maryland & Virginia:49  Who are Freddie Mac and Fannie Mae1:00 They are the largest purchaser of mortgages in the country1:20 largest purchasers of mortgages in the country2:04 What is a conforming or conventional Loan?2:24 Home Ready and Home Possible are programs available for home buyers3:00 Why are Fannie Mae and Freddie Mac raising the loan limits?3:47 conforming loans have gone up to $726,2004:07 High-cost areas have higher loan limits 150% higher than other areas4:24 DC Metro area high balance loans are available up to 1 million 89 thousand dollar loan meaning you could do this with only 5% down payment4:45 What are the risks for a home buyer?5:10 important to consult with a mortgage professional to know what you are comfortable spending for a monthly mortgage. Not just what you qualify for but what you are comfortable with each month6:20 Be forthcoming with the lender regarding your monthly costs7: 24 How do you see the raising of the loan limits impacting the market?8:08 Biggest increase seen in a long time percentage wise8:30 Have a frank conversation with a lender who can talk you through this process8:51 Portfolio loans9:35 Seeing more private loans in this market like adjustable rate mortgage programs10:00 30-year fixed mortgages have been the norm but more buyers are considering ARMS and other options10:27 What Chairman Powell said yesterday10:55 downturn in mortgage rates11:15 adjustable rate mortgages are often done with the intent to refinance in the next 12 -24 months11:43 Sensational headlines don't always match what is actually happening in the market12:15 Reacting to headlines-avoid the herd mentality12:50 Market conditions today as compared to a year ago13:33 rates are higher today than a year ago but many buyers are using a temporary buy down14:51 Meet with a lender and develop your plan of actionLearn how to navigate these market conditions   

Fannie Mae and Freddie Mac Announced their increased loan limits on Tuesday this week! FHA just made their announcement yesterday, Thursday December 1. Next week's show will focus on the upcoming new loan limits for FHA. For more information and to get a scenario customized to you, book your free phone consultation today, BOOK NOW We are LIVE on YOUTUBE every Wednesday @ 1PM PST. Interact with us LIVE while we record! Ask us your questions right in the comments. Text "MOM" to 844-935-3634 to receive a link once a week to join the show. Debbie Marcoux is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, NMLS ID 237926, also licensed in AZ-0941504, FL-LO76508, GA-69178, ID-167867, IL-031.0058339, NC, NV-57237, MO, OR, TN-184373, TX, WA-MLO-237926

Today's Flashback Friday is from episode 1334 published last November 27, 2019. Jason Hartman and Adam join forces today to discuss a big development in the mortgage market. Fannie Mae/Freddie Mac conforming loan limits are being increased again, this time to over $510,000, which will have substantial impacts on the housing market overall. Later, Adam talks with one of the network lenders about where interest rates are today and what a weakening economy in 2020 might put them in a few months. Key Takeaways: Jason's editorial 2:35 Fannie Mae and Freddie Mac are increasing the conforming loan size to over $510,000 7:27 Conforming loan limit increases generally lead to home price inflation 11:31 The higher loan limit might impact hybrid markets more than cyclical 15:34 Insights from Voxer messages left by listeners 19:10 Technology is increasing the value of our properties Adam: Mortgage Minutes 25:34 Current rates for a $100,000 property with 20 or 25% down 29:59 How might rates react if we see weakening in the economy that some are predicting in 2020? 30:45 Mortgage starts don't seem to be slowing down for investors Mentioned: www.JasonHartman.com/Properties   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Santa Claus has his famous “naughty list” for bad boys and girls. No toys this year…just coal. Today, Fannie Mae - thru their DUS lenders- have a similar ‘list' that tracks the bad and good multifamily operators. If you are on this list; called the “A Check” you may have difficulties in getting another loan from Fannie Mae. Why is this important today? Because many apartment operators recently (in the last 24 months) have originated high leveraged, non-recourse bridge loans that were supposed to be sold after the rehab, rents raised and then projected NOI being much higher OR refinanced into a Fannie Mae or Freddie Mac loan. Today… you could have a problem to sell if your NOI didn't go up significantly or your sponsor didn't realize that they were on the “A Check” on a previous Fannie transaction that had a problem. Don't get coal from Fannie Mae. Listen to our conversation with two DUS loan servicers. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC. Please leave us a 5 - STAR RATING on iTunes; if you enjoyed this podcast.

The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.​ They are higher in high cost of living areas such as New York or Los Angeles. I also discuss the importance of this increase as it related to jumbo loans. This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. Email: hello@houserichshow.com First Time Home Buyer School- https://www.facebook.com/groups/fthbschool Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs TikTok https://www.tiktok.com/@coinsnculture IG- https://www.instagram.com/coinsnculture/ @coinsnculture coins-n-culture

If your dreams of buying a home has been put on the back burner for right now, you are not alone. It seems as if consumer confidence in the housing markets are hitting an all-time low. The Federal National Mortgage Association better known as Fannie Mae is reporting Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. The HPSI summarizes data from the National Housing Survey on consumers' conditions, attitudes, and intentions about housing.Hear my thoughts and what has stopped investors from getting a great deal.Subscribe and Support the Podcast:https://www.abrwealthmanagement.com/podcastSchedule a Consultation with a Christian Financial Advisorhttps://www.abrwealthmanagement.com/consultation

If your dreams of buying a home has been put on the back burner for right now, you are not alone. It seems as if consumer confidence in the housing markets are hitting an all-time low. The Federal National Mortgage Association better known as Fannie Mae is reporting Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. The HPSI summarizes data from the National Housing Survey on consumers' conditions, attitudes, and intentions about housing.Hear my thoughts and what has stopped investors from getting a great deal.Subscribe and Support the Podcast:https://www.abrwealthmanagement.com/podcastSchedule a Consultation with a Christian Financial Advisorhttps://www.abrwealthmanagement.com/consultation

BIOGRAPHYJennifer Gray Thompson is the CEO of After the Fire USA. Jennifer graduated from Dominican University and was an educator before earning a MPA from University of Southern California's Price School of Public Policy. Post-graduate school, she worked in local government. After the devastating fires in the North Bay of San Francisco in October 2017, she became Executive Director of Rebuild NorthBay Foundation (RNBF), a nonprofit dedicated to help the region rebuild better, greener, safer, and faster. In 2021, RNBF created After the Fire USA in response to the Era of Megafires, a relatively recent chronic climate-based disaster.As the nation's leading expert in community recovery from wildfire, Jennifer works at the federal level to improve the space of wildfire disasters by collaborating with the public, private, and nonprofit sectors to raise awareness, educate policymakers, and empower local communities. Jennifer is committed to equitable and resilient recoveries for every community, and shortening the space between wildfire communities and policy makers. ATF USA provides compassionate, effective, and relevant consulting services to wildfire communities to support locally lead and designed recoveries. ATF USA "Before the Fire" program is the lead agency for nearly $10M in state and federal grants for wildlands fuel mitigation programs. Jennifer Gray Thompson is a nationally recognized SME and has presented at several national conferences, including US Chamber of Commerce Foundation, HAC, Fannie Mae, Brownsfield, Smart Cities, FEMA, and more. She is cofounder of CANVAS, an association of disaster professionals who “listen locally, act regionally, reform nationally.” She also hosts the “How to Disaster” podcast, which highlights innovative leaders in the space of disaster. She serves volunteer boards for La Luz Center, a nonprofit serving primarily Latinos, and First Responders Resiliency, Inc, a nonprofit dedicated to eradicating PTSD for First Responders. In 2022, Gray Thompson was named as one of Forbes 50 over 50 IMPACT List. LinkedIn: https://www.linkedin.com/in/jennifer-gray-thompson-mpa-65305328/Organization WebsiteYouTubeInstagramTwitter

In this episode of the podcast, we sit down with John Mark Walker, Director of Open Source Program Office (OSPO) at Fannie Mae. We discuss John Mark's journey and experience with open source. We talk open source communities, ecosystems, and the importance of empathy. We hope you enjoy! John Mark's Info: https://www.linkedin.com/in/johnmarkwalker/ Register for OSFF NYC: https://events.linuxfoundation.org/open-source-finance-forum-new-york/register/ OSFF London Videos & Pics: https://resources.finos.org/znglist/osff-london-2022-video-recordings/?c=cG9zdDo5OTA2MjA= Grizz's Info | https://www.linkedin.com/in/aarongriswold/ | grizz@finos.org ►► Visit FINOS www.finos.org ►► Get In Touch: info@finos.org

When it comes to USPAP and neighborhood analysis, many appraisers think such an analysis is a waste of time.  After all, every house in the US is near shopping, schools, houses of worship, entertainment, and recreation, right?  But what does Fannie Mae say about neighborhood analysis?  She makes her demands really clear in section B4-1.3-03, Neighborhood Section of the Appraisal Report, under "Neighborhood Analysis".  In fact, there are 36 criteria she looks for in this analysis in addition to merely highest and best use.  In fact, in this podcast, we cover five of those 36 just to make sure you're familiar with them. So, why do some appraisers think USPAP and neighborhood analysis are a waste of time?  Well, first of all they are entitled to their opinions, right?  Second of all, there is not enough space on that archaic and poorly designed 1004 form.  Third, they think the neighborhood section is merely the location for more boilerplate.  In reality, it is not such a location.  In fact, if the appraiser answers all 36 of Fannie Mae's questions, it is going to be really hard for someone to call out an appraiser on bias.  How so?  If the appraiser analyzes the neighborhood, and then answers all 36 of those questions, it will be obvious s/he has considered all the options.  When that happens, there is no bias. So, when we appraisers pay attention to USPAP and neighborhood analysis, we are really (1) giving the client a clear picture of what's happening in the neighborhood.  And (2) we are working to cover our assets, too!

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: The relative silence on FTX/SBF is likely the result of sound legal advice, published by Tyler Whitmer on November 21, 2022 on The Effective Altruism Forum. The purpose of this post is to explain why I think we should expect to hear very little, if anything, about the FTX/SBF fiasco from any EA public figures or institutions, and why I wouldn't read anything into that other than that folks are receiving good legal advice and appropriately following it. A little about me and why I'm writing this A little background on me, as this is my first real post here (gulp!) after lurking on and off for a long time. I recently resigned from the partnership of a big international law firm based in the US so I could take some time off. During my 16ish-year career as a big firm lawyer, my practice often focused on plaintiff-side restructuring-related litigation, including cases stemming from some of the biggest financial blow-ups in US history. Early in my career, I worked on litigation about deceptive lending practices at Enron. I then spent the better part of a decade working on litigation against the big money center banks by creditors of Lehman Brothers. I was also involved in litigation against the banks by the Federal Housing Finance Agency, after it took over Fannie Mae and Freddie Mac. I've been what I'll call EA-adjacent for a long time, but I've recently gotten more involved. For the past few months during my time off, I've been meeting as many lawyers and other mid-career folks in the EA community as I can (hi to those I've met!), and I've pitched in on a few projects led by others. I was informed on November 2 that I would receive funding for my own project from the FTX Future Fund. I obviously don't expect to see that funding now. I'm upset and sad about that. I'm really excited about the project, and while I can do some of it by donating my time to it, some of it really does require a bit of funding that I'm not sure I can get now. That sucks, and I'm still working out how I feel about it. Obligatory “this is not legal advice” throat clearing I'm not acting as anyone's lawyer here, and I don't want to (at least right now with respect to these issues). Nothing in this post is legal advice. This is just my two cents, off the top of my head, based entirely on my experience and no research at all. Why it's best for folks not to comment on the FTX/SFB situation, and not just for their own sake I don't know anything about the FTX/SBF situation other than what's in the public record, which I've been following closely as it develops. My thoughts here are inspired a bit by this post by Shakeel Hashim and this one by Holden Karnofsky, and the comments to each, but it's also a response more generally to frustration I've seen here and on Twitter about the fact that many public figure EAs and senior folks at EA institutions are not directly addressing the FTX/SBF situation as much as some would like. Lawyers almost always advise both individual clients and folks representing client entities not to speak to anyone, including friends and family, about ongoing litigation or any facts and circumstances likely to lead to litigation, including bankruptcy proceedings. People often feel frustrated by being “muzzled” in this way—especially where a narrative is establishing itself publicly that they see as casting them in a negative light. I suspect many are feeling that way right now about FTX/SBF and how the press is reporting on it. But smart people will continue to follow their lawyers' advice. There are good reasons for this, including many that go beyond self-interest. I've seen most of the self-interest angles addressed elsewhere, but I'll say a bit about it just to drive the point home. Being involved in litigation, even as a totally blameless witness—or even a perceived witness who...

President Jim Jacobi with Parkland Communities and Parkland Residential joins the Atlanta Real Estate Radio podcast to discuss recent land development successes. Jacobi joins host Carol Morgan on the All About Real Estate segment and shares updates about build-to-rent refinancing and upcoming projects. Before starting his first land and development company in 2005, Jacobi gained experience in land planning and engineering by working with local companies. In 2007, his company, JEH Homes, transitioned into home building and never turned back. In 2015, JEH Homes became one of the top 10 largest home builders locally. After taking some time off, Jacobi started Alliance Planning and Engineering, handling engineering projects across Georgia. He also owns Parkland Communities and its two branches, Parkland Homes and Parkland Residential. Parkland Homes operates the for-sale properties and communities, while Parkland Residential oversees the rental communities. Jacobi and his team have worked diligently over the past 18 months to two years developing and creating new products, including 15 new communities coming soon. Jacobi said, “We're excited about our future and look forward to 2023!” Embracing the build-to-rent approach, Parkland Communities has nine build-to-rent developments currently in the works – totaling approximately 1,000 units. With a plan to break ground before the end of the year, Sugarloaf Landing is a Parkland Residential build-to-rent community coming soon to Sugarloaf Parkway. Other Parkland Residential future projects include Sugarloaf Crest off Sugarloaf Parkway and Rainwater Park in Gwinnett County. Jacobi said, “Build-to-rent is here to stay!” In addition to the build-to-rent projects, Parkland Homes has six for-sale communities under development. Located in Gwinnett County, Windance Lake is off Beaver Road and South Gwinnett surrounded by beautiful land and picturesque horse farms. Windance Lake will feature a four-acre fishing lake for residents to enjoy. Another for-sale community in the works, Bennett Farm is located off Loganville Highway and Hoke O'Kelly Road. Jacobi said, “Bringing obtainable housing, whether for sale or build-to-rent, is the number one mission for the company.” Parkland Residential recently refinanced its Sweetwater Springs community to a ten-year Fannie Mae loan. This community becomes a permanent fixture in company's portfolio. Jacobi and the Parkland Communities team continue to serve communities to create many beautiful projects to accompany Sweetwater Springs and others moving forward. Tune into the full interview above to learn more about Parkland Communities, or visit www.ParklandCo.com. Never miss an episode of Atlanta Real Estate Forum Radio! Subscribe to the podcast here. You can also get a recap of any past episode on the Radio page. Listen to the full interview above! A special thank you to Denim Marketing for sponsoring Atlanta Real Estate Forum Radio. A comfortable fit for companies of all shapes and sizes, Denim Marketing understands marketing strategies are not one-size-fits-all. The agency works with your company to create a perfectly tailored marketing strategy that will adhere to your specific needs and niche. Try Denim Marketing on for size by calling 770-383-3360 or by visiting www.DenimMarketing.com. The Atlanta Real Estate Forum Radio “All About Real Estate” segment, presented by Denim Marketing, highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact Denim Marketing at 770-383-3360 or fill out the Atlanta Real Estate Forum contact form. Subscribe to the Atlanta Real Estate Forum Radio podcast on iTunes, and if you like this week's show, be sure to rate it.

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As American voters went to the polls, in the closely-watch mid-term elections, the CONVERSATION sees signs of more gridlock with control of Congress at stake. DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, says Fed Chairman, Jerome Powell, is the only major figure in Washington fighting inflation. MAT VAN ALSTYNE, ODEON co-founder and managing partner, agrees, presenting the case for bringing this white-hot inflation menace in America under control. The CONVERSATION takes a deep dive into the latest labor and productivity numbers for a clearer picture of employment and hiring trends. "I think we've crested in terms of jobs," says BOVE. In a recent note to investors, BOVE said the broader numbers published by the US Labor Department each month tend to be very confusing. "However, assessing the associated wage, hours worked, and productivity data suggests that the job market may have peaked," he writes. The CONVERSATION also turns to Germany and its business and political ties to China and Russia. "Germany has kind of sold its soul to Russia on gas and to China on selling goods," says BOVE. German Chancellor, Olaf Sholz, recently visited China accompanied by business leaders from Germany who signed major deals with China for the purchase of German products. Elsewhere, BOVE provides startling background on what he calls the "illegal" seizure of housing agencies, Fannie Mae and Freddie Mac during the financial crisis. Fannie and Freddie were in court again recently in a battle for control of the agencies by plaintiffs. Questions & Comments: Podcast@OdeonCap.com

This is Garrison Hardie with your CrossPolitic Daily Newsbrief, for Tuesday, November 8th, 2022. I hope you all had a wonderful weekend with you and yours. And happy election day by the way! Get out and VOTE today, as it is our duty as Christians to work to shape this nation in God’s image. Without further adieu, let’s get you caught up on the news: https://thepostmillennial.com/breaking-elon-musk-endorses-gop-in-midterms?utm_campaign=64487 Elon Musk endorses GOP in midterms In a tweet posted on Monday morning, less than 24 hours before Election Day, new Twitter owner Elon Musk recommended that Americans vote for Republican candidates during their visit to the polls tomorrow. In a tweet addressed to "independent-minded voters," Musk wrote, "Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic." https://rumble.com/v153b3f-elon-musk-says-he-will-vote-for-republicans-this-election.html -Play Video Musk’s tweet comes as Republican candidates in key states have either taken the lead or have come within striking distance of their Democrat counterparts. In Arizona’s Senate race, incumbent Mark Kelly is up just one point, according to RealClearPolitics’ average of polls. In the state’s gubernatorial race, Republican candidate Kari Lake is up 1.8 points. In Pennsylvania, GOP Senate candidate Mehmet Oz is up 0.1 percent over Democrat John Letterman. In a poll from Trafalgar, Republican candidate Doug Mastriano is down just 4.3 points. In the blue state of New York, gubernatorial incumbent Kathy Hochul holds a 6.2 point lead over Lee Zeldin, who has quickly closed the gap ahead of Election Day. Independent polls have pointed to Zeldin taking the lead. In Florida’s governor race, incumbent Ron DeSantis holds an 11.5 point lead over Democrat challenger Charlie Crist, according to RealClearPolitics. Even in the deep blue states on the west coast, Republican challengers are closing the gap. https://www.cnbc.com/2022/11/07/consumer-confidence-in-housing-hits-new-low-says-fannie-mae.html Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of consumers said they thought now is a good time to buy a home, according to a monthly survey by Fannie Mae. That is the lowest share since the survey began in 2011. The share of respondents who thought now is a good time to sell a home also dropped from 59% to 51%. Fannie Mae’s survey looks not just at buying and selling but tests sentiment about home prices, mortgage rates and the job market. It combines them all into one number, which also fell for the eighth straight month and now sits at a new low. A higher share of consumers, 37%, said they expect home prices to drop in the next 12 months. That compares with 35% in September. More also believe mortgage rates will rise. Fast-rising interest rates are what turned the red-hot housing market on its heels in early summer. The average rate on the popular 30-year fixed mortgage started the year near a record low, around 3%. By June it crossed 6%, and it’s now just over 7%, according to Mortgage News Daily. “As continued affordability constraints reduce homebuyer demand, and homeowners become reluctant to sell at potentially reduced prices, we expect home sales to slow even further in the coming months, consistent with our forecast,” wrote Doug Duncan, Fannie Mae’s chief economist, in a release. Home prices dropped again in September, according to Black Knight, albeit at a slower monthly pace than they did in July and August. Prices are now down 2.6% since June, the first three-month decline since 2018, when interest rates also rose. It is the worst three-month stretch for home prices since early 2009. Prices, however, were still 10.7% higher in September than the same month last year. https://www.dailywire.com/news/judge-blocks-ny-gun-law-excoriates-democrats-trying-to-eviscerate-the-bill-of-rights Judge Blocks NY Gun Law, Excoriates Democrats Trying To ‘Eviscerate The Bill Of Rights’ A Trump-appointed judge in New York last week blocked a gun law from taking effect and took Democrats to task for trying to “eviscerate the Bill of Rights.” U.S. District Judge John Sinatra Jr. issued an injunction blocking a gun law that bars people in New York from bearing arms in places of worship. “The court reiterates that ample Supreme Court precedent addressing the individuals right to keep and bear arms – from Heller and McDonald to its June 2022 decision in [New York State Rifle & Pistol Association Inc. v. Bruen] – dictates that New York’s new place of worship restriction is equally unconstitutional,” Sinatra said, The Daily Caller reported. “The Constitution and the Bill of Rights are the Status quo – not 2022 legislation on the books for nine weeks,” the judge continued, taking aim at the Democrat-controlled New York legislature. “Legislative enactments may not eviscerate the Bill of Rights. Every day they do is one too many.” “The nation’s history does not countenance such an incursion into the right to keep and bear arms across all places of worship across the state,” Sinatra wrote. “The right to self defense is no less important and no less recognized at these places.” The federal judge in October issued a temporary hold on the law, similarly writing, “In Bruen, the Court made the Second Amendment test crystal clear: regulations in this area is permissible only if the government demonstrates that the regulation is consistent with the Nation’s historical tradition of sufficiently analogous regulations. … New York fails that test. The State’s exclusion is, instead, inconsistent with the Nation’s historical traditions.” In its New York State Rifle & Pistol Association Inc. v. Bruen decision, the U.S. Supreme Court in June ruled that longtime restrictions New York placed on carrying concealed firearms run in violation of Americans’ Second and 14th Amendment rights, The Daily Wire reported. The case centered on a 1911 New York state law that conditioned the right to a concealed carry permit on “good moral character” and “proper cause.” The Supreme Court majority opinion, written by Justice Clarence Thomas, took issue with the latter condition, which unlawfully forced New Yorkers to demonstrate “a special need for self-defense.” “We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.” FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://thepostmillennial.com/breaking-press-sec-says-bidens-words-were-twisted-when-he-said-he-wanted-to-shut-down-coal-plants?utm_campaign=64487 Press sec says Biden's 'words were twisted' when he said he wanted to shut down coal plants During a White House press briefing on Monday, Press Secretary Karine Jean-Pierre was asked about Joe Biden's remarks on Friday where he promised to shut down coal plants across the country and she said it was "a bit loud and hard to hear." https://rumble.com/v1sb6as-november-7-2022.html - Play Video On Friday, Biden promised to permanently end coal production in the United States while speaking in Carlsbad, California at a political event "touting his administration's economic policies." Biden claimed that the US is going to "become a wind generation" and "it’s going to save them a hell of a lot of money and using the same transmission line that they transmitted the coal-fired electric on, we're going to be shutting these plants down all across America and having wind and solar power." In response Joe Manchin, the Democratic senator from West Virginia, said on Saturday that President Biden's comments were "outrageous" and that the president owed coal miners an "immediate and public apology." After Manchin's response, Jean-Pierre put out a statement that read, "The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense." "The President was commenting on a fact of economics and technology: as it has been from its earliest days as an energy superpower, America is once again in the midst of an energy transition," the statement read, indicating that the US must embrace "clean and efficient American energy." Armored Republic The Mission of Armored Republic is to Honor Christ by equipping Free Men with Tools of Liberty necessary to preserve God-given rights. In the Armored Republic there is no King but Christ. We are Free Craftsmen. Body Armor is a Tool of Liberty. We create Tools of Liberty. Free men must remain ever vigilant against tyranny wherever it appears. God has given us the tools of liberty needed to defend the rights He bestowed to us. Armored Republic is honored to offer you those Tools. Visit them, at ar500armor.com https://www.theepochtimes.com/court-orders-true-the-vote-leaders-released-from-jail_4846717.html?utm_source=partner&utm_campaign=BonginoReport Court Orders Release of True the Vote Leaders From Jail Two leaders of the election integrity group True the Vote were released from jail after an appeals court overruled a judge’s order that they be detained for contempt of court. Catherine Engelbrecht and Gregg Phillips were ordered released by a panel on the U.S. Court of Appeals for the 5th Circuit late on Nov. 6. “IT IS ORDERED that Petitioners’ opposed motion for release from detention is GRANTED pending further order of this court,” the panel said in the order, which was obtained by The Epoch Times. The panel consisted of Circuit Judges Catharina Haynes, a George W. Bush appointee; Kurt Engelhardt, a Donald Trump appointee; and Andrew Oldham, a Trump appointee. Engelbrecht and Phillips were released on Nov. 7. Engelbrecht and Phillips were sent to jail on Oct. 31 by U.S. District Judge Kenneth Hoyt, a Reagan appointee, who found them in contempt of court for not revealing the identities of people who allegedly accessed information from Konnech, a Michigan-based election management software company whose founder was recently arrested for allegedly stealing poll worker data and hosting the information on servers in China. The order for confinement was to be in place until the defendants “fully comply” with an order that they reveal certain information, including the identities, Hoyt said. Engelbrecht and Phillips say they passed on information that was legally obtained from Konnech to the FBI. One of their attorneys identified one of the individuals in question, Mike Hasson, during an October hearing. But they have declined to share the name of the second person. Both the individuals are FBI informants, Phillips asserted during one hearing. The contempt order came after Konnech sued True the Vote and its founders for defamation. In its opposition to the petition, Konnech said that the True the Vote founders were trying to “strip the District Court of its contempt power” and that they “have no one but themselves to blame for their confinement” after defying Hoyt’s order. Lawyers for the firm said, “Petitioners’ imprisonment is not an emergency especially in this case where the Petitioners are contemnors and recalcitrant witnesses who hold the keys to the jailhouse, and can free themselves immediately upon purging their contempt.” Alright, now it’s time for my favorite topic, sports! Last week, the Houston Astros, did this: The Astros win the World Series! Play 0:00-0:17 https://nypost.com/2022/11/06/dusty-baker-finally-wins-world-series-as-a-manager/ HOUSTON — The Astros’ manager stood on the stage where the World Series trophy was presented late Saturday night and channeled his inner Jimmy Johnson. “How about those Astros!” Dusty Baker said. After 25 seasons managing in the major leagues and two previous trips to the World Series, Baker is finally a world champion manager. With the Astros’ 4-1 victory over the Phillies in Game 6, the 73-year-old Baker became the oldest manager to lead a team to a World Series title. Hired to stabilize the organization before the 2020 season — in the aftermath of the team’s sign-stealing scheme from 2017 that cost former manager A.J. Hinch his job — Baker might now be the most popular man in Texas. Baker took the Giants to Game 7 of the World Series in 2002 before they lost to the Angels. Under his guidance last season, the Astros made it to the World Series before losing to the Braves in six games. The Astros rolled to the AL West title this season, winning 106 games, before starting the postseason 7-0 with ALDS and ALCS sweeps of the Mariners and Yankees, respectively. The Phillies, however, jumped ahead 2-1 in the World Series, before the Astros closed it out with three straight victories.

This is Garrison Hardie with your CrossPolitic Daily Newsbrief, for Tuesday, November 8th, 2022. I hope you all had a wonderful weekend with you and yours. And happy election day by the way! Get out and VOTE today, as it is our duty as Christians to work to shape this nation in God’s image. Without further adieu, let’s get you caught up on the news: https://thepostmillennial.com/breaking-elon-musk-endorses-gop-in-midterms?utm_campaign=64487 Elon Musk endorses GOP in midterms In a tweet posted on Monday morning, less than 24 hours before Election Day, new Twitter owner Elon Musk recommended that Americans vote for Republican candidates during their visit to the polls tomorrow. In a tweet addressed to "independent-minded voters," Musk wrote, "Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic." https://rumble.com/v153b3f-elon-musk-says-he-will-vote-for-republicans-this-election.html -Play Video Musk’s tweet comes as Republican candidates in key states have either taken the lead or have come within striking distance of their Democrat counterparts. In Arizona’s Senate race, incumbent Mark Kelly is up just one point, according to RealClearPolitics’ average of polls. In the state’s gubernatorial race, Republican candidate Kari Lake is up 1.8 points. In Pennsylvania, GOP Senate candidate Mehmet Oz is up 0.1 percent over Democrat John Letterman. In a poll from Trafalgar, Republican candidate Doug Mastriano is down just 4.3 points. In the blue state of New York, gubernatorial incumbent Kathy Hochul holds a 6.2 point lead over Lee Zeldin, who has quickly closed the gap ahead of Election Day. Independent polls have pointed to Zeldin taking the lead. In Florida’s governor race, incumbent Ron DeSantis holds an 11.5 point lead over Democrat challenger Charlie Crist, according to RealClearPolitics. Even in the deep blue states on the west coast, Republican challengers are closing the gap. https://www.cnbc.com/2022/11/07/consumer-confidence-in-housing-hits-new-low-says-fannie-mae.html Consumer confidence in the housing market hits a new low, according to Fannie Mae Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market. In October, just 16% of consumers said they thought now is a good time to buy a home, according to a monthly survey by Fannie Mae. That is the lowest share since the survey began in 2011. The share of respondents who thought now is a good time to sell a home also dropped from 59% to 51%. Fannie Mae’s survey looks not just at buying and selling but tests sentiment about home prices, mortgage rates and the job market. It combines them all into one number, which also fell for the eighth straight month and now sits at a new low. A higher share of consumers, 37%, said they expect home prices to drop in the next 12 months. That compares with 35% in September. More also believe mortgage rates will rise. Fast-rising interest rates are what turned the red-hot housing market on its heels in early summer. The average rate on the popular 30-year fixed mortgage started the year near a record low, around 3%. By June it crossed 6%, and it’s now just over 7%, according to Mortgage News Daily. “As continued affordability constraints reduce homebuyer demand, and homeowners become reluctant to sell at potentially reduced prices, we expect home sales to slow even further in the coming months, consistent with our forecast,” wrote Doug Duncan, Fannie Mae’s chief economist, in a release. Home prices dropped again in September, according to Black Knight, albeit at a slower monthly pace than they did in July and August. Prices are now down 2.6% since June, the first three-month decline since 2018, when interest rates also rose. It is the worst three-month stretch for home prices since early 2009. Prices, however, were still 10.7% higher in September than the same month last year. https://www.dailywire.com/news/judge-blocks-ny-gun-law-excoriates-democrats-trying-to-eviscerate-the-bill-of-rights Judge Blocks NY Gun Law, Excoriates Democrats Trying To ‘Eviscerate The Bill Of Rights’ A Trump-appointed judge in New York last week blocked a gun law from taking effect and took Democrats to task for trying to “eviscerate the Bill of Rights.” U.S. District Judge John Sinatra Jr. issued an injunction blocking a gun law that bars people in New York from bearing arms in places of worship. “The court reiterates that ample Supreme Court precedent addressing the individuals right to keep and bear arms – from Heller and McDonald to its June 2022 decision in [New York State Rifle & Pistol Association Inc. v. Bruen] – dictates that New York’s new place of worship restriction is equally unconstitutional,” Sinatra said, The Daily Caller reported. “The Constitution and the Bill of Rights are the Status quo – not 2022 legislation on the books for nine weeks,” the judge continued, taking aim at the Democrat-controlled New York legislature. “Legislative enactments may not eviscerate the Bill of Rights. Every day they do is one too many.” “The nation’s history does not countenance such an incursion into the right to keep and bear arms across all places of worship across the state,” Sinatra wrote. “The right to self defense is no less important and no less recognized at these places.” The federal judge in October issued a temporary hold on the law, similarly writing, “In Bruen, the Court made the Second Amendment test crystal clear: regulations in this area is permissible only if the government demonstrates that the regulation is consistent with the Nation’s historical tradition of sufficiently analogous regulations. … New York fails that test. The State’s exclusion is, instead, inconsistent with the Nation’s historical traditions.” In its New York State Rifle & Pistol Association Inc. v. Bruen decision, the U.S. Supreme Court in June ruled that longtime restrictions New York placed on carrying concealed firearms run in violation of Americans’ Second and 14th Amendment rights, The Daily Wire reported. The case centered on a 1911 New York state law that conditioned the right to a concealed carry permit on “good moral character” and “proper cause.” The Supreme Court majority opinion, written by Justice Clarence Thomas, took issue with the latter condition, which unlawfully forced New Yorkers to demonstrate “a special need for self-defense.” “We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.” FLF Magazine: We are on a mission to make magazines great again. So, subscribe to our Fight Laugh Feast magazine. This is a quarterly mini-book like experience, packed full of a variety of authors that includes theologically-driven cultural commentary, a Psalm of the quarter, recipes for feasting, laughter sprinkled throughout the glossy pages, and more. Sign your church up, sign your grumpy uncle up, and while you are at it…sign up the Pope, Elon Musk, and Russel Moore. Disclaimer: This magazine will guarantee various responses and CrossPolitic is not held liable for any of them. Reading the whole magazine may cause theological maturation, possibly encourage your kids to take the Lord’s Supper with you, and will likely cause you to randomly chuckle in joy at God’s wondrous world. In addition to all of the above… starting next year, if you’re a platinum club member, you’ll get a magazine subscription for free! So if you’re not a club member yet… Sign up today! Four issues and $60 per year (unless you’re a platinum club member), that is it. Go to fightlaughfeast.com right now to sign up!. https://thepostmillennial.com/breaking-press-sec-says-bidens-words-were-twisted-when-he-said-he-wanted-to-shut-down-coal-plants?utm_campaign=64487 Press sec says Biden's 'words were twisted' when he said he wanted to shut down coal plants During a White House press briefing on Monday, Press Secretary Karine Jean-Pierre was asked about Joe Biden's remarks on Friday where he promised to shut down coal plants across the country and she said it was "a bit loud and hard to hear." https://rumble.com/v1sb6as-november-7-2022.html - Play Video On Friday, Biden promised to permanently end coal production in the United States while speaking in Carlsbad, California at a political event "touting his administration's economic policies." Biden claimed that the US is going to "become a wind generation" and "it’s going to save them a hell of a lot of money and using the same transmission line that they transmitted the coal-fired electric on, we're going to be shutting these plants down all across America and having wind and solar power." In response Joe Manchin, the Democratic senator from West Virginia, said on Saturday that President Biden's comments were "outrageous" and that the president owed coal miners an "immediate and public apology." After Manchin's response, Jean-Pierre put out a statement that read, "The President’s remarks yesterday have been twisted to suggest a meaning that was not intended; he regrets it if anyone hearing these remarks took offense." "The President was commenting on a fact of economics and technology: as it has been from its earliest days as an energy superpower, America is once again in the midst of an energy transition," the statement read, indicating that the US must embrace "clean and efficient American energy." Armored Republic The Mission of Armored Republic is to Honor Christ by equipping Free Men with Tools of Liberty necessary to preserve God-given rights. In the Armored Republic there is no King but Christ. We are Free Craftsmen. Body Armor is a Tool of Liberty. We create Tools of Liberty. Free men must remain ever vigilant against tyranny wherever it appears. God has given us the tools of liberty needed to defend the rights He bestowed to us. Armored Republic is honored to offer you those Tools. Visit them, at ar500armor.com https://www.theepochtimes.com/court-orders-true-the-vote-leaders-released-from-jail_4846717.html?utm_source=partner&utm_campaign=BonginoReport Court Orders Release of True the Vote Leaders From Jail Two leaders of the election integrity group True the Vote were released from jail after an appeals court overruled a judge’s order that they be detained for contempt of court. Catherine Engelbrecht and Gregg Phillips were ordered released by a panel on the U.S. Court of Appeals for the 5th Circuit late on Nov. 6. “IT IS ORDERED that Petitioners’ opposed motion for release from detention is GRANTED pending further order of this court,” the panel said in the order, which was obtained by The Epoch Times. The panel consisted of Circuit Judges Catharina Haynes, a George W. Bush appointee; Kurt Engelhardt, a Donald Trump appointee; and Andrew Oldham, a Trump appointee. Engelbrecht and Phillips were released on Nov. 7. Engelbrecht and Phillips were sent to jail on Oct. 31 by U.S. District Judge Kenneth Hoyt, a Reagan appointee, who found them in contempt of court for not revealing the identities of people who allegedly accessed information from Konnech, a Michigan-based election management software company whose founder was recently arrested for allegedly stealing poll worker data and hosting the information on servers in China. The order for confinement was to be in place until the defendants “fully comply” with an order that they reveal certain information, including the identities, Hoyt said. Engelbrecht and Phillips say they passed on information that was legally obtained from Konnech to the FBI. One of their attorneys identified one of the individuals in question, Mike Hasson, during an October hearing. But they have declined to share the name of the second person. Both the individuals are FBI informants, Phillips asserted during one hearing. The contempt order came after Konnech sued True the Vote and its founders for defamation. In its opposition to the petition, Konnech said that the True the Vote founders were trying to “strip the District Court of its contempt power” and that they “have no one but themselves to blame for their confinement” after defying Hoyt’s order. Lawyers for the firm said, “Petitioners’ imprisonment is not an emergency especially in this case where the Petitioners are contemnors and recalcitrant witnesses who hold the keys to the jailhouse, and can free themselves immediately upon purging their contempt.” Alright, now it’s time for my favorite topic, sports! Last week, the Houston Astros, did this: The Astros win the World Series! Play 0:00-0:17 https://nypost.com/2022/11/06/dusty-baker-finally-wins-world-series-as-a-manager/ HOUSTON — The Astros’ manager stood on the stage where the World Series trophy was presented late Saturday night and channeled his inner Jimmy Johnson. “How about those Astros!” Dusty Baker said. After 25 seasons managing in the major leagues and two previous trips to the World Series, Baker is finally a world champion manager. With the Astros’ 4-1 victory over the Phillies in Game 6, the 73-year-old Baker became the oldest manager to lead a team to a World Series title. Hired to stabilize the organization before the 2020 season — in the aftermath of the team’s sign-stealing scheme from 2017 that cost former manager A.J. Hinch his job — Baker might now be the most popular man in Texas. Baker took the Giants to Game 7 of the World Series in 2002 before they lost to the Angels. Under his guidance last season, the Astros made it to the World Series before losing to the Braves in six games. The Astros rolled to the AL West title this season, winning 106 games, before starting the postseason 7-0 with ALDS and ALCS sweeps of the Mariners and Yankees, respectively. The Phillies, however, jumped ahead 2-1 in the World Series, before the Astros closed it out with three straight victories.