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Keith discusses the impact of inflation and interest rates on real estate investing, emphasizing passive income strategies.  He highlights the Florida housing market, noting a 26% increase in listings post-pandemic.  Investor and Florida homebuilder, Jim, joins this episode to explain the overbuilding in the emotional market versus the underbuilt workforce housing.  His company focuses on new construction in areas like Ocala, offering 40-year loans with 5.25% fixed rates, and boasting an average tenancy duration of over three years. They also provide two years of free property management and a 10-year builder warranty. Resources: Schedule a free strategy session with a GRE Investment Coach to evaluate the opportunity at GREinvestmentcoach.com Show Notes: GetRichEducation.com/564 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold, what control do you have over inflation and interest rates? Then, with the Florida housing oversupply and resultant attrition and price levels, wouldn't it be interesting to talk to a prominent Florida homebuilder? That's just what we do today on get rich education.   Speaker 1  0:27   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Speaker 2  1:12   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:28   Welcome to GRE from coral, Illinois to Cape Coral, Florida and across 180 nations worldwide. I'm Keith weinholden. You are inside for another wealth building week. This is get rich education, the voice of real estate investing since 2014 with inflation on the upswing and is currently approaching 3% again, the formula is small. Down payment. Bank buys you the house. Tenants pay down the loan. Property Manager handles nearly everything. You collect cash every month. Inflation builds you massive wealth, and that's real estate, all right. And no one really knows what's going to happen with inflation and interest rates, those two positively correlated indicators, but at times we have an illustrious guest that will make a prediction. And GRE episode 224, from January of 2019 has been getting some attention lately. That's back when interest rates of all types were really low, and when I interviewed legendary investor Jim Rogers in Singapore, listen in to what he told you, and I on that episode, then   Speaker 3  2:49   you ask me, we're now headed up again, and interest rates are going to go go much, much, much higher over the next few decades, and it's going to ruin a lot of people. I hope none of your listeners get ruined. I hope I don't get ruined, but rising interest rates are here for a long time. Keith, be worried. Be careful.   Keith Weinhold  3:08   Yeah, some real Jim Rogers prescience there in Episode 224 he has seen some cycles. Now as investors, we've got regional phenomena and national phenomenon mortgage rates. They're a national one, because more or less, whenever you finance property anywhere in the nation, your rate is going to be the same nationwide. Perhaps you feel then like you don't have any control over your mortgage rate. Well, I've got two points to that. First, understand that today, mortgage spreads are almost back to normal. Now, what does that mean? Mortgage spreads from listening to the show, you probably know that the mortgage rate you pay is dictated more on the level of bond yields than it is the Fed funds rate that your own Powell controls. Well, 30 year mortgage rates are historically almost 2% above the bond yield, meaning they're 2% above the yield on the 10 year T note, okay, that's the bond yield. The spread was recently above 3% now it is down to about two and a half. To be clear, mortgage rates are now just about two and a half percent above bond yields in this narrowing, that means there's more investor confidence in the mortgage market, and that suggests that lenders are willing to offer loans at competitive rates without succumbing to volatility. So lenders are less concerned about the risk of you quickly refinancing out of the loan that they just worked to make for you, the translation is that this opens the door to make it easier for mortgage rates to fall to 6% and they've been nearly seven for a while. Though I don't predict rates. I'm speaking about probabilities here. Now some people want to lock up property before rates fall, because when rates fall, many think home prices will surge because more people can afford property than higher demand. And I think we all know that the conventional wisdom is to lock in your price now and then if rates fall, you refinance. Conversely, if rates go higher, well then you'll be glad you bought today when rates were lower. But today we're talking about how you can really control the mortgage rate you pay when you work with a builder that won't only see that your mortgage rate gets bought down, they'll ensure that they are the ones paying for the pie down, not you. That's key, as we talked to a home builder in Florida today, a state that makes headlines for being overbuilt, it's a case study in how a market gets to an overbuilt condition, or does it really get overbuilt? It depends on this segment of the real estate market that you're focused on as an investor, as you'll see today, let's meet this week's guest.    Keith Weinhold  6:05   I'd like to welcome Jim onto the show today. He's one of the founding partners of a prominent Florida home builder. They built over 9000 residences, and they have 120 plus full time employees, and it's been such an interesting time in Florida home building and the real estate market, so that's why we're chatting today. Hey Jim, welcome onto the show. Keith, great to be back. Thanks for having me. Let's talk about the problem statewide. Florida has about 26% more listings, more available housing inventory, as compared to pre pandemic levels. That's created some problems, some price attrition. Talk about, why did Florida get over built? Or are they not truly overbuilt when we segment that by product type.   Jim Sheils  7:02   Well, like you said, Keith, product type is really important to decipher here, because it does help dissect the problem a little more clearly. There's a lot of different markets happening, but two of the main things that I've seen that have caused the softening of certain segments of the market is one insurance if you are buying a 1957 home in southwest Florida, a few blocks from the beach, it is possible that your insurance has gone up four to five times. Yeah, the annual thing. So that is going to really start to shake people who own those properties. They're going to feel a little triggered to sell, and it's going to be more difficult to sell, because if you have an agent go and show that property and they ask for a good faith estimate from a lender, and they say, Well, what's your current insurance? That can really scare people. So that type of property normally properties older before 2004 when the rules changed, with higher insurance, that can change it. The second thing is, the emotional market always seems to take a hit, Keith, and I've heard you talk about this before. Now, the emotional market that I talk about is we have our median value in any of the real estate markets, right? And you go about 25% above the median, maybe 30% above the median values. That's what I call the emotional market. These are the really nice houses that are fun to visit. You know, nice to stay in, nice to live in, but they are emotional. This is an emotional market. The cash flow numbers have never worked. They're not on the ultra high end that those people normally own cash and they don't really care the fluctuation. It's that level above the median where I see the emotional market really take the hit, because when the emotion comes out, while the people it's harder to sell to find the buyers, especially with the rates jumping the way that they have over the last two years, there's not the ability to sit back and say, Well, you know what, Keith, I'm just going to hold this and rent it, because their negative position, their negative cash flow every month, begins to sink them quickly, and so that's where you see that pressure downward on that emotional market. If that makes any sense.   Keith Weinhold  9:06   did Florida really get ahead of itself with the increase in pandemic migration? Was there more building because they projected that high migration rate to continue, and it just didn't. Is that why areas of Florida are overbuilt.   Jim Sheils  9:22   What I believe happened was the migration was there, Keith, but again, you have to look at the sectors of the market. Now, when you're looking at a large national home builder, their goal is to sell the property with the greatest profit spread. It's just that simple, and those are the properties when times are good and times are hot, this emotional market, you know, 20, 30% above the median value for an area that's a very easy time to promote and to sell those types of properties and make the best spread for them. And so, yes, in that area, they got ahead of themselves, because it was easy to market to, easy to promote to. And again. In. Some people untrained investors, or people just emotional and saying, Well, I'm gonna have a second home in Florida, and I'll get there more often than I think I will. That causes that issue now, but going to the lower segment, like the workforce housing, like you and I have talked about, well, that has been underprepared for the migration and affordability. That is my word of the year, affordability, the affordable housing, the workforce housing. When you look at the stats, I think it was last year we found the stat that for every 25 workforce housing, new construction workforce housing, there's 100 renters. And so the workforce housing has been underdeveloped, and why? You know, we're a niche builder. It's very rare for a builder like us to focus on workforce housing. That's not the focus of many of the larger builders. They're on that more emotional market. So that's where we focus. But with builders like us focusing on that, no one else that part of the market, Keith has been under supplied, actually in the last few years, because the net migration didn't need those emotional houses. They needed the workforce housing.   Keith Weinhold  11:05   This is a great distinction. We can look at a stat like there's 26% more available housing inventory in Florida statewide than there was pre pandemic, but you've got to parse that by product type, workforce housing, which you specialize in, including build to rent, housing has not been oversupplied, not nearly to that same extent. It could even be undersupplied, depending on where you're at. These are the properties that make the best long term income properties. I hope you the listener caught it there. Jim gave an important date. 2004 is a key year when there were changes to building codes, which results in what your insurance premiums are going to be. Tell us more about that.    Jim Sheils  11:50   Yeah, 2004 right through Punta Gorda, Florida, where we build now. There was Hurricane Charlie came through. My dad's cousin, I have actually lived there at the time. I mean, that place got decimated. Keith, it got absolutely decimated, and the government called timeout. They said, timeout. Okay, we got to stop this. New rules. Moving forward, we're going to change the structural design requirements. We're going to change the elevation requirements. This is the big one. So you know, back in the day, you and I, if we were back in 1962 in Fort Myers, Florida, we could build a house at two feet or three feet above sea level. Those days are gone. If you're going to build a property like going back to Punta Gordon, now today, you have to build it 13 to 14 feet above sea level. So that means builders like us got to bring in a lot of dirt, and we grumble and complain about it until a storm goes through and we have no flooding on any of our properties. But that was a requirement, then stronger fasteners and structural design, because they just didn't want that risk or this type of damage. And it's been interesting, because they've been two hurricanes, you know, since 2004 that have really gone right over the eye. The main power of the storm has gone through. Punta Gorda. I've actually showed this on some videos that we've done on YouTube, like the flyover the next day, and you would think, Oh, well, maybe there was like a strong wind that went through, because there's palm fronds down and some fencing, but the houses are intact, and it's because things had to be rebuilt to today's standards. So I always tell people, hey, you know, we'd love to help you get a house, but if you're just going down there to find a house, I would highly recommend you look at the elevation and look if your house was built before the year 2004 or after, because that is really when things started to change. Not that a house earlier might not have what you're looking for, but elevation is such a key component when you're near coastal areas in Florida, the elevation of your home.   Keith Weinhold  13:41   Is it that simple? Pre 2004 you're likely to pay substantially higher insurance premiums on your Florida property than you are if the build year was 2004 or later.   Jim Sheils  13:52   It's a main component, Keith, another component will be to that is, you know, how close are you to the beach? If you're within, you know, a half a mile of the beach that can have an on lower ground of an older property, those combinations for risk analysis for an insurance company will come up not in your favor, and so you have to put that into account too. Again, the further you move inland, especially the further you move north, and the further you move inland in Florida, the insurance premiums go down because the risk assessment of the last 100 Years of hurricanes has been so much dramatically lower of actually causing issue.   Keith Weinhold  14:29   We'll talk about the Florida areas that you build in later. But first, let's just pull back. Talk about statewide. How bad is it? How bad is it with the overbuilt condition in some segments of the residential market, and how that's led to price attrition, a lack of rent growth or rental occupancy rates that are hurt potentially. Can you speak to that? How bad is it now,   Jim Sheils  14:54   again, going to the segment of the emotional market, so we're talking 20 to 30% above the median. In price in an area that's going to be bad, that's where you're going to have to have downward pressure. You're going to have to your property may have appreciated Well, if you did in 2020, but you're not selling a peak pricing. You're going to have to come off your numbers a good amount, because there's not as many buyers. And also, you got to remember, coupled with that pricing coming down, it's also the interest rates we got pretty spoiled. You know, three and a half percent interest rates, two and a half percent interest rates for some homeowners, that's just not the norm now. So when you're going off those numbers, the affordability, the ability to make that payment, has really been affected. So that emotional market, I think we're going to see a continued softening in that and again, in that emotional market too. To what I saw was, and I own some short term rentals, and I like short term rentals, but what we saw there was a rush, like, almost like a California gold rush, here in Florida, to people coming in and buying what they consider a short term rental, which was not really desirable for short term rent. It could get a few people here and there, but they would buy it, this emotional market, and then the numbers wouldn't work out. Now that, as well, is starting to put pressure on people saying, Oh, I'm losing so much money every month. Let's just sell and again, that emotional market, that area, 20, 25% 30% above median value. That's where we're seeing that. So you're going to see some pressure downward of that, I'd say at least another 10% because there's already been a dip in some areas 15 to 20% so there has been a correction in those and I think we'll continue to see that until some of this stabilizes.    Keith Weinhold  16:32   Talk to us about how the rental segment's doing, statewide   Jim Sheils  16:36   rental, we saw a stagnation for about a year and a half to two years, and just in the last six months, we've seen an increase in some of our main markets here. Again, when I say they main markets here, I'm always speaking, because that's what we stick to, the workforce housing. So we've seen workforce housing some of our main central Florida markets and some of our Northeast markets go up another 50 to $100 which was great, because it was stagnant for about two years. About two years. And then you'll see a continued dip of probably, you know, 10 to 15% on some of that emotional market rentals, because now there's a rush to try to rent them, and again, there's not as much of a demand for that segment of the market.    Keith Weinhold  17:17   We're talking with a prominent Florida home builder about Florida's temporarily overbuilt residential housing type. We've already learned that 2004 is a key year for what your insurance rates are likely going to be. We've also learned about how you need to segment these residential housing markets between workforce housing and the emotional side of the market. You're listening to get rich education more when we come back on Florida real estate, I'm your host, Keith Weinhold.   Keith Weinhold  17:46   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com.    Keith Weinhold  18:18   You know what's crazy, your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little is 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family tp 66866, to learn about freedom. Family investments, liquidity fund, again. Text family to 66866,   Kristen Tate  19:29   this is author Kristen Tate. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. You   Keith Weinhold  19:46   welcome back to get rich education. Jim is with us, a prominent Florida home builder, and it's so interesting to talk to a home builder today because you think a Florida is overbuilding Ground Zero, even though, paradoxically. Nationally, we're still in a somewhat under built condition, where there's somewhat of a lack of available housing supply. Now, back on our April 28 show, exactly three months ago today, which I know that you listened to Jim, that show was titled, is Florida real estate doomed? And the short answer is no and I gave a number of reasons for that. You don't want to catch a falling knife as an investor. One prominent reason that Florida real estate is not doomed, and you're not catching a falling knife, and this is so close to being 100% predictable, is the fact that the growth is going to be there. It always has been in Florida, the in migration has been remarkable. If you go back and look at every census over about the last 200 years, since 1830 Florida has grown substantially every single census, oftentimes and usually at a rate greater than the national average. So in migration is almost certainly going to continue, which, over the long term, will put upward pressure on prices, upward pressure on rents, and help with rental occupancy as well. When you have a vacancy, that next incoming tenant is going to be there, I think that's about as close to predictable as it can possibly get. So talk to us more about the dynamics in Florida and the in migration.   Jim Sheils  21:26   It's funny, Keith, last year the net migration, and you can check through all the stats out there. The net migration number for Florida, that means more people, obviously coming in than leaving, and the surplus was just about 470,000 so we still have a growth of 470,000 and people have set up. Florida. Net migration is over. And I'm going, well, it was pretty superb during the pandemic, but to say it's over when it's about a half million up from last year, I think would be a misconception for at the very least. So we feel the people are still coming, and we're asking, what kind of housing do they need? Do they need that higher end, emotional market housing? Not what we're seeing, what they're needing is affordability. They're going to areas where there's still great job source, there's still great affordability, and that's what we look for. Where can we still build a new construction, single family home for under $300,000 and have great job source close by. That's one of the things that we look for. Also, where is there that under supply of that workforce housing? There are very key markets in Florida that you know about that we build in. We're saying, yeah, there's lots of stuff on the market up there, but there is no supply of this workforce housing. We're going to keep building. And as you know, we have not stopped building the last two years, when a lot of people have run for the sidelines because they weren't in our sector of the market.   Keith Weinhold  22:48   Of course, you're very strategic about where you build geographically. Talk to us about where those places are   Jim Sheils  22:54   right now. Keith, my pick of the year has been the greater Ocala region, and I know we've been working with a lot of GRE folks in that region. Couple of reasons why, still had the strongest migration of any area in the US. And you can look that up. U haul had it as number one destination place. This was when I say greater Ocala. I look at Ocala, citrus springs, Inverness, that central Florida area. You know, still in some of those markets, Keith, we're building homes for 200 60s, 270,000 that's new construction, and enabled to get great rent and great financing, which no we'll talk about. And the job source is remarkable right now. In fact, interesting statistic, Keith, I know you watch this closely. In Ocala, the median price of a home is just around 300,000 main Ocala, you can get cheaper when you go out to citrus springs and Inverness, down to the 260s 270s but the median family income is 72,000 and when you look at that, that is a very good affordability index. That's very high average family income compared to a low median price, and that's bringing in more jobs. That's bringing in more security. Couple that with Central Florida being one of the lowest hurricane risk zones in the state. It's the highest ground. It's the furthest inland, in fact, to ensure a single family home on average in that area, about $65 a month for full coverage, wow, for a duplex, $105 a month, full coverage. And that's the advantage of new construction buying in the right areas or low hurricane risk zone and great job source coming in. So my favorite market right now, Keith, is that Central Florida, Ocala, citrus springs, Inverness, that's where we're building. Oh, that's also when people say it's overbuilt. Well, no, because we know that we're actually building for a few of the big institutions that have way bigger analysis departments than we do, and they're seeing that it's so behind on housing that people are finally going in. It was kind of an overlooked market all through the pandemic for the most part, and now it's finally getting people's attention.   Keith Weinhold  24:58   A couple months ago. On the show, I shared how a close friend purchased a new build Ocala duplex through you, the rents he got were even a little higher than you projected, and his insurance premium is $694 again, this is for a duplex. I forget. I think the purchase price was 400 to 420k on this new build property.   Jim Sheils  25:23   Yeah. And it's funny when people, we have lots of investors coming from all over, but I was in California's, know, for years. And when people hear a quote like that, like that, you just said 650, $6 they think that's for the month. And I say, No, no, no, that's for the year. And again, that's the misconception now, but you could pick up and you could go to a coastal area again, like I said in a 1952 duplex built at two feet above sea level that's had hurricane issues before, and your insurance could be $8,000 a year. Yeah, that's where you have to really shop before you actually pull the trigger on property. What are the taxes? What are the insurance? I mean, this is going back to core play, core strategy, but it's something you really have to look at   Keith Weinhold  26:07   talk to us about the product types that you're offering, all new build, and what percent of single family, duplexes and larger   Jim Sheils  26:15   the main majority of what we're building right now is single family and duplex. The numbers work great. They're in high demand. You know, duplexes are a pretty interesting product, Keith, because you can put them in single family home neighborhoods, and, you know, families that couldn't normally rent, afford to rent a full house there, can avoid an apartment building, still feel like they have their own home and afford to be in that neighborhood. So I'd say 80% of what we're doing is a combination of single family home and duplexes, and then, as you know, we still are building some of our quads, our four unit buildings in some areas of northeast Florida, like Jacksonville,   Keith Weinhold  26:50   expenses have obviously been on the mind of real estate investors. More so since interest rates doubled to tripled in 2022 you're selling to investors. Investors need the numbers to work. Since they're not in the emotional market, we're in the market where we're looking at numbers, and that biggest expense, of course, is your mortgage principal and interest. So you found a way to deal with high insurance premiums, because on most or all of your properties that you sell to investors, those insurance premiums are excessively low. Talk to us about what you've done with the mortgage rates, for investors   Jim Sheils  27:27   it's such an important point here, Keith, I remember hearing a warren buffett thing years ago saying, Well, I'm not really in the real estate and that, but for me, when I look at it, a house is worth what it can rent for. And that always stuck with me being Warren Buffett, even though he's not heavily invested in real estate like we are. But for get his sage advice on that that's always stuck with me. So when you're getting a property, yes, you want to have fair price, but the terms around it that actually produce the cash flow, or what's the condition of the property, where is it? But then the other fundamental numbers, what is your insurance? What are your taxes? And then the final big thing is, if you're leveraging, which I encourage, what's your mortgage? And so as you know, we're probably as obsessed with financing as we are with building right, cuz that's our model. We gotta build right. We gotta finance right. So we're always looking for the most advantageous programs where we can team up with banks. They'll allow us to pay an abnormal amount of points, which means discount points that we will pay, not the buyer, we will pay for our buyers to get the rate the lowest and most advantageous. We don't like short term teaser loans, where your rate's going to adjust in 18 months or two years. We saw a lot of people get in trouble with that, at least I did back in the Oh 708, days. So we want long term financing and low interest that's going to produce a cash flow, even though it's new construction from day one. And so right now, our newest program, as you and I have been talking about very excited, is actually a 40 year loan. It's a 40 year loan. We're paying the rate down. Right now we're at five and a quarter. A few weeks ago is at 4.75 so it does fluctuate back and forth. But here's what's exciting, Keith, you're leveraging into a new construction property that has longevity and durability. The first 10 years. Interest only the next 30 years is a 30 year AM, 30 year fixed at five and a quarter. So when you start to do the numbers and go through it, we're almost doubling cash flow on our single family homes and duplexes for people in areas like Ocala, and that makes such a difference to getting them off on the right foot.    Keith Weinhold  29:32   This is a key distinction. Rather than focusing on slashing the price and your properties are already affordable, you buy down that rate by purchasing discount points to buy down that mortgage rate for the investor at the terms that you just described. Builders often like this more. They don't want to cut their prices, because that can become a comparable and lead to a downgrade in values. And investors actually like it more as well, because rather than discounting the price. A little more. It helps the investor more. When you buy down that rate and you do it for them, they are not the ones participating in the rate. Buy down you, the investor. You're paying the closing costs like origination fee and title insurance and things like that. Okay with those 40 year loan terms like you laid out fixed interest only for the first 10 years, and then after 10 years, it transfers to a 30 year fixed, amortizing loan, still with that same rate locked in. Is that right?   Jim Sheils  30:29   That's correct. So there's no sometimes people think, oh, then it's going to trigger upwards several percent. It stays the same the whole 40 year term. We just go from interest only to principal and interest and again, you know, because you talk about the leverage all the time, the most important time to really solidify the strength of an investment and get cash flow going. The most pivotal time is in those first few years. Yeah, we feel we're really giving people that strong foundation to get a cash flowing right off the bat and be able to look long term. The great thing about new construction is people say, Could you hold it that long? I said, I'm planning to with some of my new constructions. Hopefully I'll be a little old man or my children will own them. But you can look out that far and know that you're jumping your cash flow in those initial years when a lot of people may be falling backwards. In fact, when we talked about those emotional markets where people bought higher end properties because they looked good and they felt good to walk through, and then all of a sudden they're bleeding month in, month out for a year, two years, three years. That's when they're ready to wave the white flag. We find with our model, with getting that rate really low, we're accentuating the cash flow forward those first few years, Keith, so they're ready to keep going after a few years, instead of raise the white flag.   Keith Weinhold  31:41   Yeah, when we think about how you're helping investors here while moving product at the same time, the number of problems that are solved are remarkable because you're solving the higher mortgage rate problem by buying down the rates. You've got a low rate, you've got a low insurance premium, you as the investor are almost certainly going to have low maintenance and repair costs since it's new build. And what else do you do when it's new build? The tenant, when they move in, they're the first person that's ever lived in that property, which probably means they're going to have a longer tenancy duration, because it's hard to move up and move into something better than the product you're offering, especially with low affordability for first time homebuyers. In fact, tell us about your average tenancy duration   Jim Sheils  32:21   yeah. So as you know, Keith, I did a ton of fixer uppers. First 15 years of my career, I wore that rehab badge on my shoulder with pride. I loved rehab and old houses. And look, that's great. That's a great way to get going. But I transitioned into new construction a decade ago, and so we've been able to do a lot of comparisons. And you know, back in the day, when I was fixing up lots of properties and renting them out, the older properties, my average tenant would stay about 13 months. It was a little over a year, get them for a year, and then there was move. But that was the average 13 months. Looking back now, and we've been doing this almost a decade. When you look at our new construction model, that went from an average of about 13 months to just over three years with our new construction product. So as you know, if all of a sudden we're pushing back that first move out from a year or 13 months to over three years, that's a tremendous way again to get the right footing and directional on your investment. So that was a really pleasant surprise. I did not expect going to new construction, but jumping from a year to three years has been a nice surprise.   Keith Weinhold  33:24   This brings to mind for you as a passive investor, it's sort of analogous to buying an existing business or starting a new one from scratch yourself, whether it's a rental car company or a tomato farm. You know, a lot of people wouldn't think about getting into business, they think about buying their own business, starting it from scratch, and that's really difficult to do when you're an investor. This way, you're not doing a fix and flip yourself, which is analogous to starting your own business from scratch. You get to buy someone's existing business. You're buying an existing property, a new build one, in this case, and that way you can look at all the financials already and have it be done for you in that all done for you sort of way, just like it is here. Well, Jim, do you have any last thoughts about the Florida real estate market today, especially with the lucrative product type that you're offering to investors?    Jim Sheils  34:16   I would just remind people do your homework, because there's apples and there's oranges, and you gotta compare the two, and you have to do the homework on which segment of the market is healthy and which one is not. I wouldn't recommend you invest in the unhealthy segment of the market, but look where the fundamentals are working. And go back to that term, a house is worth what it can rent for. And if you can look at that, and also couple with stability of new construction, this is where we've seen ourselves make the most money most success with the least amount of time for our investors. So I highly encourage that recipe for anyone out there.   Keith Weinhold  34:53   In addition to being a builder, Jim's company also holds properties under management. For investors, just like you, they offer that for you. For the long term, they have over 1000 current investors, many of them are GRE listeners. You can learn more about the provider at GRE marketplace under Florida statewide, but to get a free strategy session about the latest in what they have for available inventory, and also to compare this provider to other providers, the highest flex, the highest ROI move that you can make yourself as the listener for your due diligence is to connect with a GRE investment coach. It's free at GRE investment coach.com, oh, it's been valuable. Jim, thanks for coming onto the show.   Jim Sheils  35:38   Thanks for having me. Keith.   Keith Weinhold  35:46   Oh, yeah, hearing it straight from a builder today. And you know, a lot of builders create these nice looking, emotional Type homes, the same ones that appeal to owner occupants. They build those higher end homes because they create more builder profit. Well, that's the segment that has become overbuilt today, this build to rent provider we're talking about here is dealing with a public that reads these articles about the Florida slowdown, though things are still good in this workforce housing market. Well, because the public reads headlines, this builder still has to step in with incentives. So really, this is a case study on what a home builder needs to do to adjust to public perception more so than the reality. That's why Jim and his company keep building when others are they keep building because they keep selling to savvy investors, including you, the GRE listener, conversely, the overbuilt emotional market segment, that's where Florida single family home prices are often about 500k or more, and many of them have stopped building. It's that here, with this workforce housing, brand new, single family rentals sell for the high 200k to 300k range in the three hundreds and duplexes in the four hundreds. We've been working with this provider for nearly a decade, and I've asked them, what can you do for GRE listeners? And these are the best incentives yet, is they basically are making discounts in your favor to deal with this public perception. And they are an interest rate buy down that they make for you, like we mentioned, currently to five and one quarter percent. They're also giving GRE listeners two years of free property management, a rental Protection Program, a six month eviction guarantee and a 210 builder warranty. When you see a builder warranty expressed that way, that means they cover two years on the small stuff, 10 years on the big stuff. The latest pro forma that I saw for their single family rentals had a purchase price of 325k and a cash on cash return of nearly 7% when you include all those generous incentives. So if you're looking for a new market to expand into the time and place could very well be here and now, some people wait for blue sky and everything to be perfect before they act well, that never happens. This is about as close as you'll get today. You'll either keep what you've got or change what you're doing here, Jerry, we constantly shop the nation for you. Our coaches help show you where those deals are that they found. And this is a potential opportunity. Here you can get on the calendar of one of our investment coaches for free. And if you like, start by asking about Florida new build property with all the incentives that you heard about here on GRE podcast, 564 at GRE investment coach.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 4  39:09   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  39:32   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is. The Golden Age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video, course, it's all completely free. It's called the Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now just text gre to 66866, while it's on your mind, take a moment to do it right now. Text, gre to 66866   Keith Weinhold  40:48   The preceding program was brought to you by your home for wealth, building, getricheducation.com  

Hört heute, wie es uns in Inverness gefallen hat: ein Reisebericht aus Urlaubswoche 3 mit den Gründen, warum ich kein einziges Ballspiel beherrsche, warum ich die kleinen Dingen des Lebens schätze (Katzen) und warum vegan essen gehen in Großbritannien easy peasy ist.Wenn ihr könnt, würde ich mich über euer Abo bei Steady freuen: https://steadyhq.com/de/die-rosarote-brille-der-feministische-filmpodcast/about (schon ab 3€ im Monat möglich) Hosted on Acast. See acast.com/privacy for more information.

You won't believe it, dungeonneers!  We have the one and only Allen Hammack -yes, THAT Allen Hammack- on to talk about his seminal creation, "The Ghost Tower of Inverness." We learn about Allen's introduction to gaming, his experiences playing in and writing tournament games. We get a bit of a peek into the early days of TSR and his job there. And of course there's the listener mail segment—where we talk about "monster of the week" type adventures—and  the "This Ol' Dungeon" segment—where we learn the reasons behind some of the designs of the Ghost Tower and talk about a few of the things we might change up. Please give the episode a listen. If you have feedback, stories about your experiences with the Ghost Tower or tournament play, or questions you would like to hear our input on, write to: thisoldungeon@gmail.com. We are also excited to (soon) be getting back to the Geek Credit quiz show at the end of the episodes and have created thisoldungeonquiz@gmail.com where you can send your RPG and geek-related quiz questions and answers. Those questions will be selected to be used by one of us to test the others. All contributors to that segment's questions will be put in a drawing for fabulous RPG prizes!  Thanks for your support, everybody!

Daniel and Adam are finally back together after a summer break, and there's plenty to catch up on! Daniel kicks off the episode with tales of a surprise celebrity encounter during a Fourth of July run—turns out, podcast legend Larry Vader was in Orlando, leading to an epic lunch with Vader and Big Mama (fresh off a Disney cruise). Meanwhile, Adam returns from a whirlwind trip to Scotland, regaling Daniel with stories of white-knuckle driving on the “wrong” side of the road, run-ins with overly helpful Kias, and lessons in Scottish geography (including why “Inverness” means what it does).Travel woes and culture shocks give way to a whiskey distillery adventure, complete with overpriced taxis, arbitrary “danger lines,” and a crash course in barley anatomy. Adam and Daniel muse on the mysteries of whiskey tasting and swap thoughts on the finer points of smoky vs. sweet spirits—ultimately agreeing that sometimes, a cigar is just a cigar (even when it's whiskey). The duo dig into tech talk, AI industry hype, and the rise of “context engineering” for working with language models, with Daniel describing his move to structured XML prompts and providing a little inside baseball on how AI models really work.Later, the “Contact” segment features a bumper crop of listener texts and voicemails—celebrity death updates, Pokémon rain gear theories, debates about banana reports, and Kathy Bacon's grocery bill deep-dives. The News Game makes a triumphant return with questions about Texas floods, viruses, and James Gunn's new Superman movie. To top it all off, Adam demos his new Ray-Ban “nerd glasses,” and Daniel gives a PSA about the real culprits behind your summer electric bill (hint: it's not your LED light bulbs). As always, it's a perfectly chaotic blend of tech, travel, trivia, and the signature banter fans love.Email: Contact@MixMinusPodcast.comVoice/SMS: 707-613-3284

In a couple of weeks, swifts will leave our skies and depart for their wintering grounds in Africa. Author and naturalist Mark Cocker has spent a lifetime observing them and Rachel meets him in Crail to chat about the migrating birds and his new book One Midsummer's Day - Swifts and the Story of Life on Earth. Never a stranger to getting his hands dirty, Mark grabs a trowel and joins community volunteers on an archaeological dig on East Lomond Hill in Fife. Chairman of the Falkland Stewardship Trust Joe Fitzpatrick unearths the history behind some significant Pictish findings on the hill and chats to Mark about the importance of volunteer excavators. Producer Phil gets on the saddle with the Highland Blind Tandem Club for a cycle along the canal tow path in Inverness. Rachel's on a hunt for the egg cases of the critically endangered flapper skate. She meets marine biologist Dr Lauren Smith at Cairnbulg Harbour near Fraserburgh to hear about the work going on to safeguard these huge creatures and map exactly where they are. Mark visits the National Museums Collection Centre in Edinburgh to discover how changes at the site are supporting the local urban biodiversity. We hear how the Museum is monitoring wildlife around the Centre from Curator of Entomology Ashleigh Whiffin. An Irish teenager has just become the youngest person to swim the North Channel from Northern Ireland to Scotland solo. 15-year-old Oscar Black joins Rachel and Mark to share his experience battling the currents to reach Scottish shores While following the Whithorn Way, Mark and Rachel stop at Prestwick, Ayrshire to visit Bruce's Well, named after Robert The Bruce, King of Scotland from 1306 to 1329. They meet Julia Muir Watt of the Whithorn Way Trust and local historian Alasdair Malcolm to explore King Robert's connection to the well. In 2003, part of a sea wall at Nigg Bay on the Cromarty Firth was deliberately breached to reconnect an area of land to the sea. Rachel catches up with Steph Elliot from the RSPB to discover how the intertidal habitat created is now benefiting bird life.

What does it take to become the 2025 Enduro World Cup overall champion... without a factory team and without ever planning to go pro? In this episode, we sit down with Ella Conolly, the 2025 EDR World Cup overall winner, to hear about her incredible journey. Ella opens up about growing up in Inverness and leaving British Cycling's Olympic program, to discovering enduro (thanks to a knock on the door from Tracy Moseley) and going all in on a new discipline with limited funding, no plan and a passion for adventure. We talk about privateer life, her calculated approach to risk, how she fuels race weekends, finding joy in the process, the power of building your own path, discover wether will Ella plans to race downhill and much more more... Follow Ella Conolly: @ella_conolly New merch drops soon + you can support the show by checking out our ad freee  Patreon! BIG thanks to this episode's sponsors: WORX Tools → 15% off the full range with code THERIDECOMPANION: https://uk.worx.com Hiplok → Head on over to http://hiplok.com/trc to claim your exclusive offer and keep YOUR bikes YOURS. You can also support our long term partners: - Marin Bikes: marinbikes.com/gb - Focus Bikes: focus-bikes.com - HUEL: Get 15% OFF with code 'RIDE' at huel.com/ - Hiplok: https://hiplok.com/the-ride-companion  - Nissan Vans: nissan.co.uk/vehicles/new-vehicles/primastar.html - Play Fantasy Downhill at The Race Companion: theracecompanion.com instagram.com/theracecompanion - Get 10% off Troy Lee Designs with code 'theridecompanion' at saddleback.avln.me/c/OzduCWvjtcOr - Athletic Greens: Get a FREE 1-year supply of Vitamin D AND 5 FREE travel packs at athleticgreens.com/RIDECOMPANION - Compex: Get 20% off with code ‘THERIDECOMPANION' at compex.com/uk/ - Worx: Get 15% off with code ‘THERIDECOMPANION' at worx.com - LAKA: Get 30 days of FREE insurance with code ‘RIDECOMPANION30' at laka.co - HKT Products: Use code ‘PODCAST' for 10% off the entire site. Follow Olly Wilkins Instagram @odub_23 YouTube @owilkins23 The Ride Companion Instagram @theridecompanion YouTube @TheRideCompanion YouTube clips and BTS channel @moreridecompanion Get official Ride Companion merch, find old episodes and more theridecompanion.co.uk

Doug and Tracy reveal the 15 most common mistakes travellers make when planning UK train journeys, drawing from their extensive experience helping thousands plan stress-free rail trips across Britain.• Getting advice from non-experts who share outdated or incorrect information• Travelling on Sundays when engineering works and staffing issues cause the most disruptions• Bringing too much luggage that becomes difficult to manage on trains and in stations• Not booking assistance services at least 24 hours in advance when needed• Overlooking different ticket types and railcards that could provide significant savings• Arriving at stations without enough time to navigate, find platforms, and board comfortably• Failing to reserve seats on long-distance journeys, risking standing for hours• Not using helpful apps like National Rail Enquiries to track real-time train information• Forgetting to plan for food and drink when catering services may be limited• Losing track of belongings in busy station environments• Relying on onboard Wi-Fi which can be patchy, especially at high speeds• Not planning the onward journey from arrival stations to final destinations• Missing opportunities to explore scenic alternative routes between destinations• Not allowing enough time for connections between trains• Booking international flights on the same day as long-distance UK train journeysFor more help planning your UK train adventure, check out Doug's "Guide to UK Train Travel" ebook or book a personalised itinerary consultation.

0:00 hot air balloon 05:44 sit down pee 09:35 Toal season ticket 10:36 grado in good shape 13:07 link and steak pie14:53 new favourite breakfast17:31 Nelly Frittata20:09 crabbit Toal 27:08 bad neighbours 30:24 max Aarons 36:12 full on karate black belt 41:28 Celtic explore j league again 44:56 Cold call 1:02:29 chippy buffetJoin the patreon now and get even more bonus content!www.patreon.com/apintandtwoshotsWe are proudly sponsored by G4 Claims/G4 Podcast Studio & CBD Oil Scotlandhttp://www.notatfaultclaim.com/Not at Fault Claim Made Easy. We can provide you with complete accident management support you require. We recover our costs from the at fault party, we wont take a percentage off your compensation claim. You can also contact your insurance company for assistance or instruct a solicitor of your choice.https://www.cbdoilscotland.com/USE CODE APATS for 50% off!CBD Oil Scotland is a family-run business established in 2015. From their own experiences with CBD, they have seen a need to bring high-quality CBD products to the market at a price that was more accessible for everyone. Specialising in CBD means they can focus on what really matters to their customers in regard to the products: quality, transparency, and affordability. We hand deliver their products all over the country, so you can meet the team and have a point of contact to listen to your queries and share your experiences. CBD has become a large and lucrative market, and it is easy to distinguish which businesses are there purely for commercial gain, and which are there for the right reasons. They believe we are here for the right reasons: to provide the best quality product in Scotland at the best possible price, with the best customer service.Greener Energy Group has over 30 years combined experience of providing energy saving solutions to customers, helping them to save money on energy bills and making their home more energy-efficient. Our head office is based in Paisley with satellite offices in Aberdeen and Inverness, we are an established, stable and trusted company with installations spread over the whole of Scotland. Throughout the years we have accumulated a large existing customer base who are a testament to our professionalism, level of care and customer service provided.https://greenerenergygroup.co.uk/Mcqueens DairiesMilk Delivery in your area. Find a Milkman and order Fresh Milk Online and get it delivered by the Local Milkman from our Dairy to your doorstep.https://www.mcqueensdairies.co.uk#scottishfootball #podcast

C'mon y'wee tubes! Board the MLPP express to Scotland where you'll be greeted by some very affable scotchmen, Polar Bears In Purgatory!Yes, we're back amongst Niallism's tribe this week to discuss the enduring band PBIP. We get dazzled by their genius, get disappointed when they don't write jingles and also chat a bit about their band.We ask all the killer questions, such as: Where can you header a turnip? What is a Pizzly Bear? Are there robots in the afterlife?Tom has had a terrible Sunday in a terrible place, Niall puts his own wellbeing behind your pets' needs, there's a spooky email submission and we keep the wankers at bay with our opening track.Music is from: The Longest Line, Jesse, Chubby & The Gang, Black Rain and Pansy Division (it's a right ear worm, you're welcome)

Where in the world am I? Eurail Travel planning   Hi there, I'm Dr. Mary Travelbest. I'm in San Diego now, sharing my best travel ideas and working on another book for you to enjoy: 5 Steps to Solo Travel, Part C. I'm about to launch on a 90-day trip around the world.   Listener Story Spotlight I want to tell you about a listener named Kristen. Kristen loves to travel. She recently received a Fullbright Scholarship and took a trip with her husband and sons to a foreign country, Portugal, for several months. She's full of great travel ideas and will be helpful as I continue to travel and make my adventures more mobile. She's encouraging me to keep going in my travels and is a professor in Southern California. Quick fire FAQ: The FAQ for today is:  Do you find that air travel dries your sinuses? Do you get dry and scratchy throats afterward? Yes, it happens. Let's talk about how to rid yourself of this in advance.    How to avoid the dryness of airline flights? The answer:   My solution is Saline Nasal Spray. I bought the 1.5-oz size for $4.00, which will last my entire trip. Before you get dry sinuses, squirt some in each nostril and then relax as it goes to work. What are the ingredients? Water, sodium chloride, disodium phosphate, benzyl alcohol, sodium phosphate, and benzalkonium chloride. Water and salt. There are three ways to use it: Squeeze twice in each nostril, and it delivers a spray, a stream, and a drop upside down. Take your pick. 60-second confidence challenge   Advice for Active Seniors :  “There is no shame in prioritizing and slowing down vs. overdoing. Most injuries happen when people are rushing. “Go slower, arrive sooner” is a helpful mantra.”  (Ellen McCabe) If you like today's Confidence Challenge, Chapter 2 of my book dives deeper buy it on Amazon or https://www.5stepstosolotravel.com   See Book A for addressing all of these items.   Today's destination is Eurail Travel Planning I said: You are traveling in Europe in the Summer of 2025. You arrive in Athens, Greece, then go to Krakow, Warsaw, Poland, Estonia, Finland, Sweden, Norway, and Denmark, and end in Edinburgh, Scotland, where you leave the EU. You will travel for five weeks. How many days will you want to use the Eurail pass for trains and ferries? Plan the trip, including seat fees and senior discounts with these countries, and suggest other places that would be a good stopping point or worth seeing. I am a solo woman in my prime. Include a mention of the low-cost airlines that I should take when not on the train or ferry.   Answer:   1  Where a Eurail day genuinely saves you money Below is every leg: (a) scenic or pricey at full fare and (b) covered or discounted by the pass if the trip is a low-fare train, like under $10.regional hop, we skip the past day and just pay cash—why burn powder you might need later?    1  Day 3 Athens → Kalabaka  €3 IC seat  Sunset over Meteora cliffs—worth the four-hour train.  2  Day 5 Kalabaka → Thessaloníki  free (regional) No supplement, but one more travel day.  3  Day 9 Krakow → Oświęcim (return) free (regional) Auschwitz day trip; counts once.  4  Day 11 Krakow → Warsaw (EIP)  ~PLN 35 ≈ €8  High‑speed, mandatory seat.  5  Day 13 Warsaw → Gdańsk or Toruń (optional)  PLN 3 ≈ €0.70 Use if you “dive” north.  6  Day 16 Tallinn → Helsinki ferry  deck = free; cabin = ‑20 %  Tallink Silja It counts oas ne travel day.  7  Day 17 Helsinki → Tampere & back  €0–€6 VR seat  Eurail Pendolino; book in app.  8  Day 19 Helsinki o/night ferry → Stockholm  deck = free; cabin –20 % Same Tallink perk.  9  Day 21 Stockholm → Uppsala (return)  €0 (regional) Same‑day out‑and‑back.  10  Day 22 Stockholm → Gothenburg  ≈ €7 SJ seat  Eurail Community 3 h X2000.  11  Day 23 Gothenburg → Oslo  free No reservations.  12  Day 25 Oslo → Bergen  ≈ NOK 50 ≈ €4 seat Bergensbanen panorama.  13  Day 26 Bergen → Flåm train + Nærøyfjord boat  boat covered A rail‑and‑fjord combo.  14  Day 30 Copenhagen → Roskilde day‑trip  ≈ €9 seat  Eurail Vikings have & an easy return.  15  Day 32 Edinburgh → Inverness  £0–£5 seat UK still in the Eurail network.   * Fees are 2ᵈ ‑class, summer 2025 published rates.   Total Eurail travel days = 15 – the cap of the 15‑days‑in‑2‑months Senior Global Pass  2  What about the long, awkward gaps? Why wrestle with two‑day rail marathons when a 90‑minute hop costs less than your hostel?   Segment Suggested airline(s) Typical July fare if bought 3 mo ahead Thessaloníki ✈ Krakow Ryanair, Aegean €55–€85 Warsaw ✈ Tallinn airBaltic, LOT, Ryanair €45–€90 Bergen ✈ Copenhagen Norwegian, SAS €65–€110 Copenhagen ✈ Edinburgh easyJet, Ryanair, Norwegian €40–€80   Question: could you train Thessaloníki→Krakow via Budapest? Yes—but it burns 2‑3 pass days plus €30‑€45 in night‑train supplements. The low‑cost flight is simply cheaper and quicker.   3  Five‑week skeleton itinerary   Week Base & ideas Safety‑first extras for a 65‑yr‑old solo traveler  1 Athens 3 d – dawn Acropolis, Plaka food walk → train to Meteora 2 d (monastery sunsets) → Thessaloníki 2 d for Byzantine walls & waterfront. Central hotels near Syntagma & Aristotelous squares; use the eat taxi app after dark.  2 Fly to Krakow 3 d (+ Auschwitz) → Warsaw 2 d → optional day to Toruń or Gdańsk. Women‑only dorms at Greg & Tom (Krakow) and OkiDoki (Warsaw); trains arrive before dusk.  3 Fly to Tallinn 2 d → ferry to Helsinki 3 d with day‑trip to Tampere—Telliskivi creative city, Suomenlinna flat walks; Bolt taxis for late returns.  4 Night ferry to Stockholm 3 d (+ Uppsala) → train to Gothenburg 2 d → rail to Oslo 2 d. Stockholm hostel “City Backpackers” has curtained bunks; carry Rail Planner live‑trip link to share location.  5 Oslo‑Bergen rail & fjords 3 d → Fly to Copenhagen 3 d (+ Roskilde) → Fly to Edinburgh; finish with Highlands loop 4 d (Inverness, Aviemore hikes) before departure. Fjord cruise boats have good handrails; Scottish B&Bs offer single rooms beside stations.   4  Is the pass still worth it? That's $200-250 saved, plus the flexibility to reroute if wildfires, strikes, or your whims intervene.   5  Quick checklist before you lock it in Buy the Senior Global Pass (15 days/2 months) before prices rise.   Book the four trains with limited seats (EIP Poland, X2000 Sweden, Bergensbanen, Copenhagen reservations) as soon as reservations open—usually 60–90 days in advance.   Use the Rail Planner app to activate travel days on the morning you board; keep two blanks until the very end in case you shuffle plans.   Flights: watch Friday flash sales on Ryanair/Norwegian; they routinely drop

Money troubles are often a leading cause of relationship issues - and things get even worse when financial infidelity is involved. Craig Bolanos, Co-Founder & Wealth Advisor of VestGen Wealth Partners in Inverness and Downers Grove joins Rob Hart on the WBBM Noon Business Hour to discuss...

A MUST LISTEN FOR ALL ICT SUPPORTERS! Boys of Summer The boys of summer are back from the beach and raring to go! Scott Kellacher and Billy Mckay have topped up the tans and topped up the ICT squad from their sunbeds, and now they're back in Inverness, taking the helm for their first pre-season as the ICTFC management team. The management duo join The Shuffle for the very first time, talking to Andrew Moffat, Stevie Riley, and Andrew Young about everything and anything Caley Thistle from the last year and a half, from taking the reigns in October and the difficult admin process, to the Kelty debacle, eventual League One survival, and plans for Season 25/26. And of course we try to weasel out any bit of transfer info that we can. Some of which we think we got, but judge for yourselves...  01:00: Hello! 01:37: Taking The Reins Holidays. ICT fans on the beach. Destressing. Administration. Bringing the club back together. Self-belief. Being thrown in at the deep end. Dumbarton 3-1 loss. Changing tactics. Winning philosophy. Managerial influences. Set-pieces 32:50 Last Season The Fans. The Flag. Billy's goals. Player appearances. The Downs. The emotions. 43:57: Relegation & Kelty We go back to relegation at the end of the 23/24 season and get the inside story, and Billy sets the record straight on the Kelty debacle and ‘naughty comments.' ‘This is our club and we want it in Inverness.' 56:50: Administration & Survival Players being made redundant. Being honest. A horrible day. Savage impact. Being left to it. Contacts in the game. U20 players. Andy Shinnie. Graham Shinnie will return! 15 point deduction. Greatest achievement. Never been so emotional in football. 1:17:46: The New Season: 25/26 Expectations. Attacking football. Signings: Logan Ross, Ross Munro, Joe Chalmers. Agents. Budgets. The Highland League. Value for money. There's it!

Join the patreon now and get even more bonus content!www.patreon.com/apintandtwoshotsWe are proudly sponsored by G4 Claims/G4 Podcast Studio & CBD Oil Scotlandhttp://www.notatfaultclaim.com/Not at Fault Claim Made Easy. We can provide you with complete accident management support you require. We recover our costs from the at fault party, we wont take a percentage off your compensation claim. You can also contact your insurance company for assistance or instruct a solicitor of your choice.https://www.cbdoilscotland.com/USE CODE APATS for 50% off!CBD Oil Scotland is a family-run business established in 2015. From their own experiences with CBD, they have seen a need to bring high-quality CBD products to the market at a price that was more accessible for everyone. Specialising in CBD means they can focus on what really matters to their customers in regard to the products: quality, transparency, and affordability. We hand deliver their products all over the country, so you can meet the team and have a point of contact to listen to your queries and share your experiences. CBD has become a large and lucrative market, and it is easy to distinguish which businesses are there purely for commercial gain, and which are there for the right reasons. They believe we are here for the right reasons: to provide the best quality product in Scotland at the best possible price, with the best customer service.Greener Energy Group has over 30 years combined experience of providing energy saving solutions to customers, helping them to save money on energy bills and making their home more energy-efficient. Our head office is based in Paisley with satellite offices in Aberdeen and Inverness, we are an established, stable and trusted company with installations spread over the whole of Scotland. Throughout the years we have accumulated a large existing customer base who are a testament to our professionalism, level of care and customer service provided.https://greenerenergygroup.co.uk/Mcqueens DairiesMilk Delivery in your area. Find a Milkman and order Fresh Milk Online and get it delivered by the Local Milkman from our Dairy to your doorstep.https://www.mcqueensdairies.co.uk#scottishfootball #podcast

oin the patreon now and get even more bonus content!www.patreon.com/apintandtwoshotsWe are proudly sponsored by G4 Claims/G4 Podcast Studio & CBD Oil Scotlandhttp://www.notatfaultclaim.com/Not at Fault Claim Made Easy. We can provide you with complete accident management support you require. We recover our costs from the at fault party, we wont take a percentage off your compensation claim. You can also contact your insurance company for assistance or instruct a solicitor of your choice.https://www.cbdoilscotland.com/USE CODE APATS for 50% off!CBD Oil Scotland is a family-run business established in 2015. From their own experiences with CBD, they have seen a need to bring high-quality CBD products to the market at a price that was more accessible for everyone. Specialising in CBD means they can focus on what really matters to their customers in regard to the products: quality, transparency, and affordability. We hand deliver their products all over the country, so you can meet the team and have a point of contact to listen to your queries and share your experiences. CBD has become a large and lucrative market, and it is easy to distinguish which businesses are there purely for commercial gain, and which are there for the right reasons. They believe we are here for the right reasons: to provide the best quality product in Scotland at the best possible price, with the best customer service.Greener Energy Group has over 30 years combined experience of providing energy saving solutions to customers, helping them to save money on energy bills and making their home more energy-efficient. Our head office is based in Paisley with satellite offices in Aberdeen and Inverness, we are an established, stable and trusted company with installations spread over the whole of Scotland. Throughout the years we have accumulated a large existing customer base who are a testament to our professionalism, level of care and customer service provided.https://greenerenergygroup.co.uk/Mcqueens DairiesMilk Delivery in your area. Find a Milkman and order Fresh Milk Online and get it delivered by the Local Milkman from our Dairy to your doorstep.https://www.mcqueensdairies.co.uk#scottishfootball #podcast

Today’s guest is the wildly talented Karen Gillan, the actor you know from major franchises like Guardians of the Galaxy, Avengers: Endgame, and Jumanji, as well as her breakout role as Amy Pond on Doctor Who. Karen talks about her early days growing up in Inverness, Scotland, and how her relentless teenage ambition landed her an agent (spoiler alert: she cold-called every casting director and agent in Scotland until one of them agreed to represent her). Karen’s new movie, The Life of Chuck, is in theatres everywhere now! And preorder our new book, Crushmore, here: https://www.simonandschuster.com/books/Crushmore/Nava-Kavelin/9781668077993 Want more from Podcrushed? Follow our social channels here: Insta: https://bit.ly/PodcrushedInsta TikTok: https://bit.ly/PodcrushedTikTok X: https://bit.ly/PodcrushedTwitter You can follow Penn, Sophie and Nava here: Insta: https://www.instagram.com/pennbadgley/ https://www.instagram.com/scribbledbysophie/ https://www.instagram.com/nnnava/ Tik Tok: https://www.tiktok.com/@iampennbadgley https://www.tiktok.com/@scribbledbysophie https://www.tiktok.com/@nkavelinSee omnystudio.com/listener for privacy information.

Learn about the transformative power of Hold Me Tight Workshops based on Sue Johnson's work and Emotionally Focused Therapy (EFT) from licensed counselor and couples therapist, Mark Beck. Mark dives into attachment science in nurturing healthy relationships and addressing conflict. 04:12 The Power of Couples Workshops07:48 Understanding Attachment Science and EFT11:07 The Impact of Safe Connections in Relationships and Navigating Relationship Conflicts14:14 The Hold Me Tight Workshops: A Deeper Dive17:21 Experiential Learning in Couples Workshops24:09 Therapy vs. Workshops31:14 Transformative Conversations37:40 Boosting Therapy with WorkshopsMark Beck has been a licensed counselor since 2001 and is also an ordained Protestant minister. Mark's private practice is based in Inverness, FL and his passion lies in working with couples. He also co-facilitate couples weekend workshops four times a year in Orlando with his colleague and fellow counselor, Vicki Kennedy.Connect with Mark Beckwww.PairsCare.comHMT workshops: www.couplesworkshopsofflorida.com Connect with Paige BondInstagram: @paigebondcoachingFacebook: @paigebondcoachingTikTok: @paigebondcoachingWebsite: https://paigebond.comPaige Bond is an open relationship coach who specializes in helping individuals, couples, and intentionally non-monogamous relationships with feeling insecure in their relationships. She is also the founder of ⁠Sweet Love Counseling⁠ providing therapy in CO, FL, SC, and VT. Paige loves educating people about relationships through being the host of ⁠the Stubborn Love podcast, ⁠hosting workshops, and speaking at conferences.Free Jealousy Workbook: ⁠⁠⁠http://www.paigebond.com/calm-the-chaos-jealousy-workbook-download⁠⁠⁠ Free People Pleasing Workbook: ⁠⁠⁠https://www.paigebond.com/people-pleasing-workbook⁠⁠⁠ Attachment Dynamics Workshop:⁠https://www.paigebond.com/attachment-dynamics-workshop-sign-up⁠Disclaimer: This podcast and communication through our email are not meant to serve as professional advice or therapy. If you are in need of mental health support, you are encouraged to connect with a licensed mental health professional to receive the support needed.Mental Health Resources: National Suicide Prevention Lifeline: 1-800-273-8255SAMHSA's National Helpline: 1-800-662-HELP (4357)Crisis Text Line: Text HOME to 741741 for free, 24/7 crisis counseling.Intro music by Coma-Media on ⁠⁠pixabay.com⁠

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Dendrochronology is a niche field of study, used to work out the age of trees, forests and wooden objects. However, it is not only useful for looking at the past, but also for considering how to manage wooded areas in the future. Mark met with expert dendrochronologist Dr Coralie Mills, and Borders Forest Trust Project Officer, Catriona Patience, to find out more about more about these scientific methods, and how they have informed forest management.Drones can have a lot of potential for wildlife researchers, and one person who has found them incredibly useful is Claire Stainfield, a PhD student at Scotland's Rural College. She is using drones to monitor the numbers and behaviour of seal colonies on Newburgh Seal Beach, and Rachel met with her to find out what her research is all about.In the week that The Salt Path film is released, we dig into our archive to hear an interview with Raynor Winn, who shares her incredible story which the film is based on.Climate change and environmental pollution has a significant impact all over the globe, something that Professor Alice Ma, an Environmental Studies lecturer at the University of Glasgow, knows very acutely. When visiting her ancestral village in China in 2018, she was struck not only by the issues of pollution, but also the ways in which regional traditions and folklore interact and are disrupted by the climate crisis. Rachel met her in Glasgow to here more about these revelations, and the book they have since inspired her to write.Tucked away along the River Ness is the UK's most northerly botanic gardens, in Inverness. As well as caring for colourful tropical plants in their glasshouses, the garden is also taking part in a project to distribute thousands of hanging baskets to various towns and villages across the Highlands. Phil Sime met with garden manager Ewan Mackintosh to find out moreAmy Dakin Harris is a professional dancer turned flower and herb farmer. She combines her two passions on her hilltop farm near Dunlop in East Ayrshire, offering specialist movement classes, alongside her flower arranging and foraging courses. Rachel joined her on site to hear more about her background, and how natural it feels for her to unite dance and nature.The government have announced this week that they have rejected the proposal to establish a national park in Galloway. Kevin Keane joins us live on the programme to tell us more about where this decision has come from, and what it means for the future of Scotland's national parks.

Are you a clueless motorway middle lane hogger?Welcome back to The Chris Moyles Show on Radio X Podcast. On the first week of the show without Pippa, we had smashed bottles and scheduling issues.Jackie Chan and Ralph Macchio came onto the show to talk about the newest instalment of the Karate Kid franchise. Jackie Chan spoke to us about the multitude of injuries he has had over the years. Tom Daley flew in from LA and popped into the studio to discuss 1.6, his new documentary covering his life in and out of the pool. He spoke with the team about his family, new clothing line, and what it's like to be a retiree at 31.And finally, we took a trip down memory lane, listening to songs from everyone's first Now That's What I Call Music albums. Our boss Devo would not approve, but luckily for us he was off work this week… I think we got away with it!If it's more laughs you are looking for, look no further!Captain's voice changerJames trouserless on a planeSabotaging HeartEnjoy!The Chris Moyles Show on Radio XWeekdays 6:30am - 10am

Bankadelic is the only financial services podcast that features multiple music tracks written and performed by its host. Here Lou Carlozo introduces the theme for the new “AI 5” series of Bankadelic roundtable shows. “Highland Main Line: Edinburgh to Inverness” is a co-write between host Lou Carlozo and Kathryn Swezy, who plays tin whistle on this recording. Special thanks to Jim Quinn (percussion) and Mark Swezy (didgeridoo). Guitars, bass, keyboards, additional percussion, engineering and mixing by Lou; mastering by Mike Hagler.

Send us a textGary brings you a sneak preview of the fantastic new live recording from the People's Ford Boghall and Bathgate Pipe Band, due to be released in June.PlaylistSteven Blake with the 98 Jig, Armstrong's, The Plagiarist and Fiona Anne MacDonald from the TMSA Young Trad Tour 2008.The People's Ford Boghall and Bathgate Pipe Band with Cabar Feidh from Cabar FeidhIndia Alba with Bellydancer from High Beyond.Bagad Kemper with Ela Ela from Hep DiskrogPipe Major Alasdair Gillies with Dickie MacPherson MacDonald and J Scott Skinner's Welcome to Inverness from LochbroomThe People's Ford Boghall and Bathgate Pipe Band with Mouth Music from Cabar FeidhHugh MacCallum with Lament for Mary MacLeod from the World's Greatest Pipers, Volume 2.LinksLink to People's Ford Boghall and Bathgate Pipe BandSupport the show

In this episode of Stories from the River, host Charlie Malouf welcomes Alexis Strafuss, the General Manager of the Augusta Annihilators, during the GM Rx and the Mission Possible Sleep Summit at the Charlotte Motor Speedway. Alexis shares her journey from food and beverage management into the furniture retail world with Ashley, starting in 2020 in Florida during the COVID-19 pandemic. She describes her growth from a Rookie Sales Associate to various leadership roles, including her first General Manager position in Inverness, Florida, and later at flagship locations with Ashley Global Retail (AGR) in Florida, highlighting her successes such as winning Rookie of the Year and Top Gun awards, and even earning a vacation to Napa Valley as part of various incentive programs. The conversation dives deep into Alexis's leadership philosophy, especially her focus on culture and the well-being of Memory Makers. She discusses the rebranding of their Augusta store to the Augusta Annihilators, complete with the vulture mascot "Vinny," chosen for representing loyalty, passion, teamwork, and drive. Alexis emphasizes the importance of listening and connecting with her Memory Makers, fostering a competitive yet uplifting environment where everyone feels heard and motivated to excel. Her thoughtful and intentional approach to leadership, grounded in her competitive sports background and previous management experiences, shines throughout the episode, as she shares her ambitions to continue growing—setting her sights on a regional manager position by 2027. Watch this episode YouTube:  https://youtu.be/nbMqOnA-l4E  Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com                              Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail

In this episode of Stories from the River, host Charlie Malouf welcomes Alexis Strafuss, the General Manager of the Augusta Annihilators, during the GM Rx and the Mission Possible Sleep Summit at the Charlotte Motor Speedway. Alexis shares her journey from food and beverage management into the furniture retail world with Ashley, starting in 2020 in Florida during the COVID-19 pandemic. She describes her growth from a Rookie Sales Associate to various leadership roles, including her first General Manager position in Inverness, Florida, and later at flagship locations with Ashley Global Retail (AGR) in Florida, highlighting her successes such as winning Rookie of the Year and Top Gun awards, and even earning a vacation to Napa Valley as part of various incentive programs. The conversation dives deep into Alexis's leadership philosophy, especially her focus on culture and the well-being of Memory Makers. She discusses the rebranding of their Augusta store to the Augusta Annihilators, complete with the vulture mascot "Vinny," chosen for representing loyalty, passion, teamwork, and drive. Alexis emphasizes the importance of listening and connecting with her Memory Makers, fostering a competitive yet uplifting environment where everyone feels heard and motivated to excel. Her thoughtful and intentional approach to leadership, grounded in her competitive sports background and previous management experiences, shines throughout the episode, as she shares her ambitions to continue growing—setting her sights on a regional manager position by 2027. Watch this episode YouTube:  https://youtu.be/nbMqOnA-l4E  Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com                              Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Welcome to the End of the Season, and to the Wyness Shuffle's annual end of season podcast. This year's edition: Survivor Series. Join pod regulars Andrew Moffat, Stevie Riley, Sandy Sutherland, Lee Tarling, and Andrew Young as they dissect the last two most enjoyable games of The ICT Rollercoaster of ICT Rollercoasters of a season; take a look at what could be ahead for ICT off the pitch, discuss the monumental efforts of Scott Kellacher and Billy McKay; debate the percentage of Skol lager, where to purchase an inflatable camel, if anyone can actually remember the Montrose game; and finally chat to two ICT players: Alfie Bavidge and Captain Danny Devine! 00:01:05: Introduction - We've Survived! Moff introduces the panel, and asks for their initial thoughts about ICT surviving in League One, the season that has just finished and the achievements of Scott Kellacher. 00:15:49: Game by Game Just two games to cover, but what games they were! We start by discussing the survival-clinching 3-0 stroll against Arbroath, then try to remember what actually happened in the 2-0 win on celebration day at Montrose. 00:35:51: Player Awards We pay tribute to the players who were voted Player of the Year and Young Player of the Year by their teammates and the fans: Musa Dibaga, Charlie Gilmour and Keith Bray. 00:50:23: Talk to Me: Alfie Bavidge Unusually, almost all ICT's loan players this season turned out to be stars, but none shone more brightly than Alfie Bavidge. The Aberdeen striker, whose goals played such a big part in the club's survival, dropped into the pod to tell us about becoming an instant hero for his dad's old team and revealed who his favourite Inverness team-mate was.     01:05:03: Administration – the endgame? In the final week of the season, it was announced that a CVA would be put to Caley Thistle's creditors on 22nd May. If accepted by the creditors, then the club will exit administration and be owned by preferred bidder and all-round saviour Alan Savage. We chat briefly about recent developments and whether anything could still go wrong.      01:13:48: Talk to Me: Danny Devine Remember Wyness Shuffle interviews with actual, serving Caley Thistle players? Well, they're back! Club captain and current longest-serving player Danny Devine sat down with Stevie to talk about his relief at surviving in League One, his memories of signing for the club under Terry Butcher, the dark days of relegation under Duncan Ferguson and being managed by Scott Kellacher and Billy Mckay.      01:46:58: 2025-26 Season Lookahead As always, The Wyness Shuffle will return with a bumper season preview podcast some time in July, but for now we look at who we could be playing in L1 next season before casting our eyes upon the transfer market and some Wish List signings.   02:05:15 Competition time Your chance to win some glorious ICT artwork! 02:08:00: Moments of the season The boys name their best of-pitch and best on-pitch moments of the season. It's been emotional, put it that way. 02:14:26: A View From the Fans We hear from a number of very happy Caley Thistle fans at the last game of the season at Montrose, and learn the words to great new song. 02:17:20 Bye for now Bye for now from us, and to two ICT legends, to whom we dedicate the pod and the season. ANOTHER SEASON OF UPS AND DOWNS AND AROUNDS… There's it.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Ian Wilks served in the Scotland, Edinburgh Mission from January of 1987 through February 1989. Our conversation took us through his conversion to the gospel, his experiences in the mission, and his life since. His story of an early morning visit to the toilet in Inverness is a crack up!Ian currently lives in British Columbia, Canada, near Vancouver. He and his wife have 4 children.Recorded February 23, 2025

Dr Clarkson is an NHS cardiologist at Raigmore Hospital in Inverness in the Scottish Highlands.  Our previous interview video had more than a million views.  This follow-up video podcast, a year later, has two parts.  In the first, Dr Clarkson outlines how we should all assess our own cardiac risks and explains more about the decision whether or not to take the drugs statins.  The second part is about returning to exercise after a heart attack or being diagnosed with atrial fibrillation.This full interview is available as a video.  It is the source interview from which I produced two separate videosCardiac Risk Score and  Activity after atrial fibrillation (AF) or heart attack (MI)Qrisk3 calculator ➡️ https://www.qrisk.org

Iain dives into the wild story of Simon Fraser, Lord Lovat, a tale packed with betrayal, dramatic beheadings, and the mystery of his missing remains. Meanwhile, Laura explores the curious world of Loch Ness Monster insurance. Plus, listeners from Inverness send in their own local stories (and plenty of pet pics, of course!).Murder They Wrote with Laura Whitmore and Iain Stirling is available twice a week on BBC Sounds. Subscribe now so you never miss an episode. Got a case for us? Email lauraandiain@bbc.co.uk

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Culloden was the last pitched battle fought on British soil and the defeat ended Jacobite hopes of restoring the Stuart monarchy to the ...

Train journeys through Scotland offer spectacular scenery and connect major cities, but they can present unexpected challenges when severe weather strikes.• Travelling from Edinburgh to Inverness via the scenic coastal route through Dundee and Aberdeen• Strategic stops at St Andrews (via Leuchars) and Aberdeen's Maritime Museum• Weather disruptions forcing schedule changes and an extended stay in Inverness• Navigating cancellations by using alternative routes and transportation methods• Comparing the coastal route with the Highland Main Line through the Cairngorms• The importance of flexible tickets when travelling by train in Scotland• Essential apps and preparation tips for train travel contingencies• Accommodation recommendation: Blackfriars Hotel near Inverness Station• Train travel offering a unique perspective of Scotland's diverse landscapesFor more information about train travel in the UK, check out our UK train travel e-book on the UK Travel Planning website. If you have any questions about train travel in Scotland or anywhere in the UK, leave us a voice message via SpeakPipe.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

In November 1976, 36-year-old Renee MacRae and her 3-year-old son Andrew vanished without a trace after leaving their Inverness home for what was meant to be a weekend away.What followed was one of the most baffling missing persons cases Scotland has ever seen - a case with no suspects, no evidence and no answers for over four decades.When I first began researching this one, I knew nothing about it. What unfolded before my eyes as I dug deeper left me stunned. Layer by layer, the truth began to surface, and by the time it did, the damage had already been done.Join my Patreon community at patreon.com/britishmurders for exclusive perks, including early access to ad-free episodes, bonus episodes and content, exciting giveaways, and welcome goodies!Follow me on social media:Facebook | British Murders with Stuart BluesInstagram | @britishmurdersTikTok | @britishmurdersJoin the private Facebook group:British Murders Podcast - Discussion GroupVisit my website:britishmurders.comIntro music:⁣David John Brady - 'Throw Down the Gauntlet'⁣davidjohnbrady.comDisclaimer:The case discussed in this podcast episode is real and represents the worst day in many people's lives. I aim to cover such stories with a victim-focused approach, using information from publicly available sources. While I strive for accuracy, some details may vary depending on the sources used. You can find the sources for each episode on my website. Due to the nature of the content, listener discretion is advised. Thank you for your understanding and support. Hosted on Acast. See acast.com/privacy for more information.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

“you are mistaken about my alleged agents” [MAZA]      Along with the calabash pipe, deerstalker cap, and Inverness cape, one of Sherlock Holmes's traits is the use of cocaine. But should it be?   William H. Miller, M.D. F.A.C.P. won the Morley-Montgomery Award for his article in Vol. 19, No. 3 of The Baker Street Journal in which he asserted that we're mistaken in believing that Sherlock Holmes used cocaine. Don't believe us? Well, it's just a Trifle.   All of our supporters are eligible for our monthly drawings for Baker Street Journals and bonus content. Join our community on Patreon or Substack today.   This season, we've added "Trifling Trifles" — short-form content that doesn't warrant a full episode — as an additional channel of content exclusively for our paying subscribers. Check it out (Patreon | Substack).     Do you have a topic you'd like to recommend? Email us at trifles@ihearofsherlock.com and if we use your idea on the air, we'll send you a thank-you gift. Leave Trifles a five-star rating on Apple Podcasts and Spotify; listen to us wherever you listen to podcasts.   Links / Notes Morley-Montgomery Award Winners Previous episodes referenced: Episode 84 - The Morocco Case Episode 269 - The Seven Per-Cent Solution All of our social links: https://linktr.ee/ihearofsherlock Email us at trifles @ ihearofsherlock.com      Music credits Performers: Uncredited violinist, US Marine Chamber Orchestra  Publisher Info.: Washington, DC: United States Marine Band  Copyright: Creative Commons Attribution 3.0  

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

John MacLennan represents district 4, which includes Lake Ainslie, Whycocomagh, Waycobah, Orangedale, and River Denys.And Catherine Gillis represents disrtict 6, which includes Judique, Port Hastings, Glendale, West Bay, and Marble Mountain.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Welcome to the weekly podcast of Pastor Ottis Barnett and Calvary Church in Inverness, Florida. Our focus is to reach the lost, rebuild relationships, encourage the community, and grow families through relevant Bible teachings, exciting worship, and family-based programs. For more information, visit calvary.online.

Our first podcast back since last year and we are joined by 2:15 marathoner and recent Scottish bronze half marathon medallist Ryan Thompson of Cambuslang. All the usual running ramblings and pub like banter! Enjoy!

In this podcast extra we speak with actor and playwright Matthew Zajac about his stage adaptation of James Robertson's novel, "The Testament of Gideon Mack".We also venture into the trials and travails of running Dogstar, a European touring theatre company based around Inverness and how it's grown ​from its early Highland tours.To find out where you can see its production of "The Testament of Gideon Mack" click the link belowhttp://www.dogstartheatre.co.uk/ ★ Support this podcast ★

In this podcast extra we speak with actor and playwright Matthew Zajac about his stage adaptation of James Robertson's novel, "The Testament of Gideon Mack".We also venture into the trials and travails of running Dogstar, a European touring theatre company based around Inverness and how it's grown ​from its early Highland tours.To find out where you can see its production of "The Testament of Gideon Mack" click the link belowhttp://www.dogstartheatre.co.uk/ ★ Support this podcast ★

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

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The National Farmers Union of Scotland Conference has been underway this week, and Kevin Keane is there, joined by Professor Colin Campbell from the James Hutton Institute, to hear his advice on how farms can become more resilient in the face of climate change.Muiravonside, Falkirk's only country park, features several attractions, from a sculpture and poetry trail to the Avon aqueduct. Rachel catches up with the park's ranger, Claire Martin, to hear about the history and appeal of the estate.Otters have been making a comeback along the Water of Leith, deep in the heart of Edinburgh. Rachel meets with Helen Brown from the Water of Leith Conservation Trust to hear about the lives of these metropolitan mammals.Sunset Song was written by Lewis Grassic Gibbon in 1932, and in 1971 was brought to TV screens across the UK by the BBC, in what is still claimed as one of the finest BBC dramas ever made. Mark learns about the history of the novel, and how the landscape of East Coast of Scotland, ahead of the re-release of the drama for the 90th Anniversary of the author's death.Phil heads out with the Highland VIP group in Inverness, who work to increase the mobility of visually impaired people by bringing them together with sighted volunteers to take part in walks and other outdoor activities.And the Turra Coo, the infamous symbol of a dispute between Turriff townspeople and the government over national insurance and rising taxes, received a shout out from the newly crowned BBC Radio Scotland's Young Traditional Musician of the Year, Ellie Beaton, at the competition's final last Sunday. Rachel heads to Turriff to hear all about the cow and her role in the protests.The River Tweed's salmon fishing has begun once again, and Mark heads down to see how the fish are faring at the beginning of this year's season.We also hear from Anne Woodcock about how important fishing is for the local communities on the banks of the Tweed, and the positive impact it can have on your mental and physical health.

Discover the latest global real estate trends and untapped investment opportunities. Keith uncovers high-yield new build rental properties that can deliver impressive returns, even in today's challenging market. Don't miss your chance to build lasting wealth through strategic real estate investing. Tune in now to get the insider insights you need to get ahead. The podcast dives into dramatic global real estate trends, with home prices skyrocketing over 10% in countries like Colombia and the Netherlands. It also examines the alarming rise in U.S. homelessness, driven by factors like housing shortages and inflation. To counter these challenges, the show spotlights compelling new-build rental properties that could offer attractive returns for passive investors. GRE Free Investment Coaching: GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Show Notes: GetRichEducation.com/536 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:02   Welcome to GRE. I'm your host. Keith Weinhold, we look at global home price change, the asset class rundown, then the homelessness crisis is mega bad. It just reached new, unprecedented levels, and real estate and inflation has a lot to do with the homelessness surge today on get rich education.   Speaker 1  0:28   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, who delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show. Guess who? Top Selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:13   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:29   Welcome to GRE from Kent Washington to Tashkent, Uzbekistan and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. One reason for a not just national, but global, rise in real estate prices is that you can't fake it. Real property is not a derivative, yeah, you can't fake it. So this really emphasizes the word real in real estate. It's not a crypto within infinite supply. It's not an NFT. You can't fake construction. You can't fake real materials put into property, from concrete to kitchen cabinets. So in the year recently ended, as we catch up to global home prices and select nations, per Fitch Ratings. Let's do that because it was not just a US centric thing. In the Netherlands, the home price change last year was 13% you had that much appreciation in the Netherlands. Colombia, 10% Mexico up 9.3% Brazil had 8% home price appreciation. Australia, 5.2% Australia has just seen year over year home price appreciation for such a long time. The UK had 5% appreciation. Spain, 5% as well. The USA, 4% just like I predicted at the end of 2023 for 2024 It did indeed come in at 4% Canada also had exactly 4% home price appreciation last year, just like the USA did. Denmark 3% Italy and Japan each at two and a half percent. Germany home prices were up just one and a half percent. And France had home prices that fell 3% China had home prices that fell 7.8% that supply versus demand thing in China, where they massively overbuilt, that's why home prices are down there. And as I unveil the depths of the USS homelessness crisis later here on the show, you will see that, yeah, those appreciated real estate prices, like I just mentioned, they have a lot to do with it. Now you might think of the youngest generation, the generation after Gen Z, as generation alpha, and that is true. However, they are no longer the youngest generation, because the babies born on New Year's Day of this year not only got to be featured in feel good local news stories. You know what? They are, also the first members of generation, beta, yeah, which will include children born from 2025 through 2039 so that is the future and the future demographic that's going to demand housing. But first of all, let's look at a year that was yes for years here on the show, we have our asset class rundown shortly after most quarters end, and certainly after a year ends. And today is no different, and this is because at times you've got to compare real estate with the other investment options that are out there. We now have music to play for our asset class rundown feature each time for today and. Future shows. And I know the GRE sound engineer has got to like this. He's also a DJ dropit, Vedrand. Here is GRE 's asset class rundown for the 12 months of last year, residential real estate values were up 4% per the NARS. Single Family existing home price, like I said earlier, single family rents up about 2% per core logic, apartment rents pretty flat, down six tenths of 1% for the year per apartment list, office buildings were down in value 9% the 30 year fixed rate mortgage. It started last year at 6.6% everyone, I mean, everyone, thought that they would go lower, but nope, they ended at 6.9% a little higher. That's per Freddie Mac survey. The s5&p 100 index was up over 23% topping out at 6100 last year. That is the first time the s&p has been up 20% plus in back to back years since 1998 and the s&p is meant to represent 500 companies, but it has become so concentrated due to the rise of the Magnificent Seven stocks that its effective diversification is less than 60 stocks. Morgan Stanley just announced that they expect the SP500, 100 returns to be flat for the next decade due to lofty valuations. Do you know that since 2000 gold has outperformed the s&p last year, gold shot up from about $2,000 peaked near $2,800 and then ended up about 30% for last year, the yield on the 10 year T note was up 63 basis points last year, basically rising from four up to 4.6% by year end. What that means is that that signals higher inflation expectations. Bitcoin up an astounding 111% to end last year around 95k and it topped out at an all time high of 108k oil up just 2% to 72 bucks and a wild card for you. Through October, Bible sales were up 22% compared to the same period versus the previous year. That is GRE 's asset class rundown. It was.    This is get rich education. Let's drop back and do some learning before I update you on housing and the homelessness crisis. Now, a lot of Americans don't really know history that well, and not very many have a good financial education either. But you know, it is quite possible that even the next person you spot in a Trader Joe's aisle has heard of Adam Smith in his landmark 1776 book The Wealth of Nations. Did you know that Adam Smith is the one credited with actually inventing the very concept of supply and demand? Yeah, Adam Smith, a Scotsman is credited with that. He is known as the father of modern economics. You might have already known that. Well, of course, supply versus demand seems to be a more relevant concept than usual. Here with the housing shortage crisis, Adam Smith, he proposed the idea of what he called an invisible hand, that is the tendency of free markets to regulate themselves using competition, supply and demand and self interest, a Darwinian sort of struggle. Really, did you know that he also created the concept of gross domestic product? Yeah, prior to Adam Smith's work, most people considered a nation's wealth based on the amount of gold and silver reserves that they had stored. But Adam Smith said no, it's more about productivity quantified in this GDP in a lot of his work. It also discusses the evolution of human society from a hunter stage with no property rights and no fixed residences, to nomadic agriculture with shifting residences. And then the next stage after that is a feudal society, where laws and property rights are established to protect privileged classes. And finally, that modern society is characterized by laissez faire or free markets, so a good chunk of Adam Smith's work revolved around real estate. Now, the history of economics like that is a phrase that sounds boring. Maybe it is to some people, but as an investor, the least that you should know about Adam Smith's landmark book The Wealth of Nations from the year 1776 is that to review, he invented the supply demand concept. He created the GDP concept, and he championed free markets. That's something you're going to appreciate knowing in your investor life. And also supply demand, as I discussed that in the homelessness problem shortly.    we are a real estate show, and, you know, I just don't hear other real estate shows talk about, well, the unfortunate, I guess, absence of real estate in an increasing number of people's lives now, even if you have a home, learn about how homelessness is gonna make your life worse, too. In fact, it already has. I'm not sure if you've noticed, I will get into that as well. First listen to these two spots, freedom, family investments for an eight to 10% return on your liquid capital and Ridge lending group, they specialize in income property loans. They can really help you, and I would know, because I use them both my self. I'm Keith Weinhold. This is get rich education. Here you go.   Oh, geez, the national average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself earn 10% like me and GRE listeners are. Text family to66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866    Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, you can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com   Ken McElroy  12:41   this is Rich Dad advisor, Ken McElroy. Listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  12:57   Welcome back. You're listening to get rich education Episode 536, I'm your host. Keith Weinhold, it is bad. America just hit a record high homelessness number, and it is up double digits, over 18% in just one year. It is even worse when we look at family homelessness and the rise in that and gosh, get this unaccompanied youth homeless, meaning like a 15 year old kid homeless and drifting by themselves. And this is all in the most powerful nation in the world. And even if you have a home. Homelessness is gonna make your life worse, too. We'll also look at how Trump wants to address this. It is major. And finally, are there any solutions to the homelessness crisis in America today? Well, there are now over 771,000 homeless in America, that's up from 653k just last year. And yes, the homeless can be hard to count, but as long as the methodology stays the same, I mean, there you go with the 18% increase. And here's the thing from all the years, from 2007 to 2023, all 16 of those years, we only saw a total increase of 19% during that entire span, and now 18% in just one year this latest year. I mean, talk about exponential and accelerating homelessness growth. And before I tell you about why this is happening, let's get a better idea of the gravity of this sad situation here, and this is all from HUD's newly released annual homelessness assessment report to Congress among subgroups families with children saw the biggest increase as. At 39% year over year. You think that's sad, but consider how sad this is. Unaccompanied homeless children, they're up 10% in just a year, and that was only up 3.4% all of the previous 16 years combined. Veterans are the only group to see a decrease, and the number of homeless people over 65 so we're talking seniors here that is expected to almost triple by 2030 that is just five years away, and it is just widespread too. I mean, nearly no US geography is immune from this spike in homelessness, from Florida to Maine to California to Alaska. Now, even if you have a home, the shoes of that are pretty good, if you're listening to me, you know, why does this even make your life worse? Well, of course, first of all, homelessness can make your city blighted. But beyond that, just think about how many ways it's just changing your week in and week out routine. I mean, have you noticed, like, just take, for example, when you or I walk into some grocery stores anymore. I mean, I notice how different things are than they were just say, five years ago. I mean, you've got to notice some of these things now, more often than there was just a few years ago, there's an armed guard when you walk into a store near the entrance. Well, someone is paying for that security, whether it's the store passing the price along to you, or whether it's a government or municipality paying that, well, that's where your tax money goes. And what about when you're shopping the aisles of a supermarket, or, say, CVS? Well, now even kind of moderately priced items like bottles of moisturizer, they are under lock and key behind a Plexiglas case. That's inconvenient while you're shopping if you need to use the bathroom, oh, now you need to go get a key or learn the door code to access the bathrooms. That's inconvenient when you're done and as you walk out of the store now, they are more likely to have an attendant that checks your receipts on the way out, and this is just one example at the supermarket. I mean, so many of your patterns are changing due to poor people getting poorer, and the homelessness crisis, if you're in a rural area, it probably affects you less. But just take a look around and notice the change. We're not talking about the change from your parents era, but just in your own life over the past, say, three to five years, homelessness is not good for an area's crime rate either. I mean, it is not good to have desperate people, hungry people, these people have nothing to lose if you're homeless and you commit a crime and go to jail. Hey, that might be an upgrade for some people now you've got a warm, clean place to stay in jail. So now that you and I understand more about why this even affects you and I let's talk about why is homelessness growing at this alarming rate, well, higher prices for real estate, which really accelerated in 2021 and they are not going to relent. As I've said elsewhere, home prices are not going to go down in a meaningful way anytime soon as just three weeks ago. Here on our forecast episode, I forecast another 5% of national home price appreciation this year. And it's not just higher prices, it's higher rents. Rents really started taking off in 2021 as well. Well. Higher rents, that means more evictions, and an eviction is the start of homelessness for a lot of people. And a third reason for this surge in homelessness is just that overall lack of housing. I have covered that extensively elsewhere. Yes, the housing supply crisis, and as I'm known for saying, the housing crash already occurred. Did you miss it? It was a supply crash that occurred about five years ago, and a lot of agencies think we're under supplied by 3.7 million housing units. Now, when you look at the new HUD supplied map of homelessness by state, you can very much see that it is about housing, because those regions with the highest home prices generally have the most homelessness. We're talking about the Northeast, the West Coast and Hawaii. And the fourth reason for the homelessness surge is that, of course, inflation started accelerating about four years ago, and people just cannot make ends meet anymore. CPI inflation peaked at 9.1% back. In June of 2022 and year over year, prices are still going up 3% today. Prices are not going down. They're just rising at a slower rate. And of course, inflation hurts the poor and actually helps the wealthy, exacerbating the inequality Canyon the wealthy have assets. Those assets float up in value with inflation and the prices at the grocery store are just a tiny part of a wealthy person spending. But the poor don't own assets that float up with the inflation and higher grocery prices and things like electric bills, well, they comprise a big part of a poor person's income. And fifthly, the massive arrival of immigrants pushed up homeless numbers these past, oh, three or so years. And it remains to be seen how many of those people really get deported. And you know, a sixth reason for homelessness. It's not something new, it's what I'll call all of these background reasons that have been there for decades and are not going away, like how a medical emergency can even drain a middle class person's savings and things like ongoing substance abuse. I mean, drug users often cannot stay employed. So there you have it. What was that? Six big reasons that I've identified for surging homelessness now let's see what Donald Trump has to say and understand that, due to last June Supreme Court decision, Trump now has got more power to clear out encampments and make life for the homeless more difficult, opening the door now to be criminally charged for trespassing and illegal camping. I mean, you really don't want to be homeless today as part of what Trump calls his agenda 47 his plan to tackle homelessness. Here is his preamble.    Donald Trump  21:57   Our once great cities have become unlivable, unsanitary nightmares surrendered to the homeless, the drug addicted and the violent and dangerously deranged. We're making many suffer for the whims of a deeply unwell few, and they are unwell. Indeed, the homeless have no right to turn every park and sidewalk into a place for them to squat and do drugs. Americans should not have to step over piles of needles and waste as they walk down a street in a beautiful city, or at least once beautiful city, because they've changed so much over the last 10 years.    Keith Weinhold  22:40   So that's the problem. Here's the solution. I'll boil down the meat of the Trump agenda, 47 homeless statement to just the most salient 40 seconds for you here. Just listen to this, and as you listen in closely, note that this is not a housing first plan for the homeless. Instead, it's treatment first.   Donald Trump  23:03   Under my strategy, working with states, we will ban urban camping wherever possible. Violators of these bans will be arrested, but they will be given the option to accept treatment and services if they're willing to be rehabilitated. Many of them don't want that, but we'll give them the option. We will then open up large parcels of inexpensive land, bring in doctors, psychiatrists, social workers and drug rehab specialists, and create tent cities where the homeless can be relocated and their problems identified. But we'll open up our cities again, make them livable and make them beautiful.   Keith Weinhold  23:43   Okay, it's not housing first, because, see, he wants to ban urban camping, something that parallels the Supreme Court decision. What this is not is that it is not giving the homeless hotels in the city, like some cities have recently done, converting their hotels into homeless shelters. Instead, this is designating large parcels of cheap land for tent cities, but outside the urban core, like in a big grassy lot, and then bringing in social workers and rehab specialists for them, and that way, his solution is that this city is free of homeless people, and really that is the crux of Trump's plan. But what are some other solutions here? And these are now my insights, not Trump's, that is, build more housing. That's really simple. I mean, this will naturally slow down, accelerating home prices and spiking rents, and we've got to relax regulation and zoning. We had a zoning expert, Nolan gray on the show here last year. Some scholars believe that we should just eliminate zoning in America completely. And one. One way to relax regulation is to Gosh, revisit some of these over the top safety concerns. I mean, look, it increases the cost of the most basic entry level housing when every home needs to have all these thick, fire rated doors and smoke detectors all over the place, and carbon monoxide detectors everywhere, and GFCI electrical outlets all over the place. I mean, hey, it sounds kind of funny to say out loud, but all this stuff contributes to making affordable housing impossible. And another solution is that you've got to kill nimbyism in a lot of cases, yes, that not in my backyard. Ism, you know, a person can act like they're all pro development, and like they're all free market, and they want to have their home built just how they want it, where they want it, but you know what, as soon as their home was built, they don't want others moving near them, yeah, somehow the free market's not so great anymore, okay? And they sure don't want apartment buildings nearby. Well, that is what we need, allowing taller structures to be built. That is called up zoning. It doesn't have to be a gigantic apartment building either. We need more, mmm, properties, multi families, missing middle. That means building more two, three and four unit structures in single family neighborhoods, duplexes, triplexes, fourplexes, because a lot of those can be built so that they look like single family homes. But yet it's something affordable and it helps with density. Another solution to deal with homelessness is to, of course, bring down inflation. The government needs to stop printing, say, $1 trillion to pay for a program, whether that's sending aid to foreign nations or whatever that program is. When more dollars are created like that, it debases the currency everyone else is holding on to, including your dollars, and it makes everyone from landlords to grocers have to raise their prices. And you know, here's the funny thing in the last election for president that we had last year, well, that administration got voted out of office, and many say that the number one reason was due to high inflation, but yet, look at what they voted for with the incoming administration. Everyone expects higher inflation. So there's a real paradox there.    On our YouTube channel, you can watch videos of me going out outdoors and interviewing the homeless. In fact, I'm surprised at how many homeless let me into their tents, and they wanted to show me their makeshift shelters and tell me about their life. I mean, that's kind of the good news. They were open. They were friendly people. I think they really wanted that to get exposed, because they were hoping that people would see that to come do something for them. I think that's why they've been so open with me. So that was good on the flip side, oh gosh. One thing that they have in common is that they all seemingly want to blame somebody else for the condition that they're in other than themselves, like the government or including telling me that landlords are greedy. But it really is fascinating to see from our get rich education YouTube channel, which is different content from this show. Just search the word homeless there on the get rich education YouTube channel and you can see it.    Hey, I want to ask you something. What is your on ramp to real estate investing? Like, how did you approach it? Or how did you get into it? I mean, mine was as a disgruntled employee. That's it. I didn't come from a complimentary professional place. I mean, that's how I became an investor, and there was nothing wrong with my job position. Specifically, I worked with good people and everything. In fact, I had an easy and safe job, and it paid a little bit well. But, you know, safe is not the place to be. Safety is the opposite of freedom. As an employee, you know, I could see that 401 K type plans. They were designed so that you don't get income from them until you're old. It's a salary reduction plan all those working years as well. Well, no wonder that your employer encourages participation in them. That way they're going to keep you working as an employee until retirement, because that's when they're designed to generate income. But see my point here, really is that I did not have a complimentary skill set to real estate investing, and if you do, it can be to your advantage. So you know what I mean. Let's take a couple of friends of. The show here, Robert Helms, host of the terrific real estate guys radio show. He came from a real estate agent family. His dad was an agent. Well, that can help you find deals. How about Ken McElroy, another frequent guest on the show here, very successful real estate investor. Well, he was a property manager before he became a real estate investor, totally complementary skill set. And by the way, two months ago in New Orleans, I was invited to participate in a collective inner circle mastermind group session that Robert and Ken help run. That was cool, but getting back to complementary skill sets, Michael Becker, a former guest here on the show, he was a lender, so he got to see the paperwork of all these successful investors. So he became one himself. I mean, as a lender, you keep seeing savvy investors leverage themselves with debt and then do cash out refinances, a tax free windfall event, all while they keep the asset too well. He wanted to get in on some of that. And I also know real estate investors that started out as handymen, okay, a hands on trade that can totally help when you're starting out as a real estate investor. So do you have a complimentary skill set that can help make you a successful real estate investor. If you don't, then don't despair, because you know what? I don't have one myself. I was just a former employee that wanted something else. I don't have a complimentary skill set to real estate investing. No transferable professional skill. Instead of that, I just became a reader, but not a massive reader. Of course, I was a learner before I was a teacher. I enjoyed learning this stuff, and I also got a good grasp on the numbers and how that works. But importantly, my advantage was I take action, I just keep adding property to my portfolio. You just got to keep doing that, regardless of what's happening in the larger economy or what prices are or what interest rates are.    And as you know, last week, I discussed the advantages of owning and building with brand new build rental property today, and you know, new build and these build to rent properties, those are things that that really wasn't even available when I started out investing. Well, it wasn't. I mean, with new build, oh, your maintenance repair costs are going to be low. You tend to attract a high quality tenant that also tends to stay for a while. Insurance costs tend to be lower on new build. And there's a bigger advantage than all of that in the market cycle right now that I'll get into shortly. Well, historically, the long run average. Do you have any idea what proportion of homes for sale are new build homes? Any guess, like, what share of those homes are new? It's only about one in eight. Yeah, the Census Bureau and the NAR tell us that it's 13% historically. Okay, well, what do you think it is today? Well, today, that number is up. Existing homeowners, they're not selling those homes aren't getting on the market as often due to the lock in effect, and we have to add supply. So in order to do that, we are building more new there's just no other way to bring it to market. Well, today, the proportion of new build homes for sale among all homes for sale is fully double that, at 26% although we're still undersupplied of homes in the US by about 30% you know there are pockets where they've overbuilt with new builds, including in Florida and Texas. So the time could really be right to expand your income property portfolio in one of those places, because builders that we work with at GRE marketplace are really willing to give you a deal now you've got them right where you want them if you're looking for a deal. How does a four and three quarter percent interest rate sound? Yes. Rates on non owner occupied property are about eight right now. They're about seven on owner occupied property, but we've got builders willing to buy your rate down to 4.75% and they're also offering one year of free property management and three months of rent guarantee protection in case your property is not occupied right away. The first one is a brand new build duplex in Inverness, Florida, two beds, two baths, each side, price of 420k projected rent from both sides at $2,830 and the size is 2100 square feet. I mean the. That sounds like it could make your cash flow thin, until you consider that 4.75% fixed mortgage rate the property tax is about one and a half percent and insurance get this projected at just $1,155 a year for an entire new build duplex, and now you might ask, what could the rate of return be on this Florida duplex new build? Well, I projected 5% appreciation for this year. New builds tend to appreciate better than existing property, but let's just use 5% if you have a 25% down payment, that's four to one leverage. So you've got a 20% return on your money. And let's just keep it conservative. When we look at monthly cash flow, that results in a 5% cash on cash return. Add that to your 20% leverage appreciation, you're up to a 25% ROI already. Add in the fact that your tenant is paying down your principal for you by $405 every month. That's 4860 annually, divided by your 105k down payment. That means you've got another four and a half percent return here. Let's just call it four. You're up to a 29% total ROI we haven't even added in yet, your tax depreciation benefit, and now you're up to a return in the mid 30s. Finally, your inflation profiting benefit on your fixed amortizing debt, and you are well into the 40s for a percent return on an annual basis. And of course, most of these are only projections. It could disappoint you at 30 or less, still a nice return, or it could over perform at 50% or more. I mean, this right here is how wealth is built. I mean, this is how you do something that disrupts your entire family tree that was the new build duplex. Then I'll share one other one with you. Here from GRE marketplace. Is a single family rental. This one is in Locust Grove, Georgia. Gosh, it looks really good in the photo here with a two car garage and some brick facing, its price is 339k rent is 2350 The size is 2164 square feet, so only a little bigger than the duplex here in this new build, Georgia, single family rental, four beds, two baths, beautiful looking new construction on the inside, open floor plan, stainless steel appliances, I can't tell whether the floor is LVP or wood laminate, but it's got a flooring type that's resilient, that tenants like, and your rate of return is going to be similar to the duplex ROI that I laid out, though probably not quite as high as the duplex. I mean, with these interest rate buy downs, these could very well be the property types where, in just five years time, maybe even as little as two or three years time after owning them, you look back and you consider how opportunistic you work in this part of the market cycle where there are now more new builds that you can choose from, and a builder was willing To make you a deal to keep their product moving, because they build a little too much in some pockets of Florida, for example. So yes, these and more like them are available, and there are more in Florida, Georgia, Alabama and a number of other states. And you know, something I don't think I shared with you earlier, it's convenient. You can get a spot with one of our GRE investment coaches right on their calendars, you can look at their calendar and pick a date and time that's convenient for you. For a free coaching session, they will learn about you. They'll let you know where the real deals are, if they're right for you at all, all you've got to do is visit GRE marketplace.com, and click on the free investment coaching area. There you are with some real opportunities and an actionable resource. Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 2  39:17   Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you   Keith Weinhold  39:45   The preceding program was brought to you by your home for wealth, building, get rich, education.com