1 00:00:00,160 --> 00:00:04,599 Well, the pattern that I'm noticing is mostly people relocating outside of New York. 2 00:00:04,679 --> 00:00:08,279 Still, especially when it comes to retirement age, New York has become 3 00:00:08,480 --> 00:00:15,080 very unfriendly towards retired persons. We don't even have that many properties that someone 4 00:00:15,080 --> 00:00:18,640 could buy that would be at a three four hundred price point. You would 5 00:00:18,679 --> 00:00:23,519 have to move into a co op or very small maybe like seven eight hundred 6 00:00:23,559 --> 00:00:27,000 square feet, which maybe a lot for some people, but when you're downsizing 7 00:00:27,039 --> 00:00:32,039 from the house, it's not You were listening to Carrie Letza's Financial Survival Network, 8 00:00:32,200 --> 00:00:37,200 where you get valuable information you just can't find anywhere else to thrive in 9 00:00:37,200 --> 00:00:42,679 today's trying times. You need the Financial Survival Network now more than ever. 10 00:00:43,240 --> 00:00:48,960 Go to Financial Survivalnetwork dot com and get your free newsletter and gift. Financial 11 00:00:49,079 --> 00:00:58,520 Survival Network now more than ever, and welcome. You are listening to the 12 00:00:58,719 --> 00:01:03,240 Financial Survival Net or I'm your host, Scarry lutts. Hey, real estate 13 00:01:03,280 --> 00:01:07,079 prices, you know, are insane. Nobody can afford anything now. I 14 00:01:07,120 --> 00:01:12,200 mean, it's getting to the point where you're going to see billionaires panhandling in 15 00:01:12,640 --> 00:01:17,040 Palm Beach County. But let's find out what the real story is. In 16 00:01:17,079 --> 00:01:21,519 New York, noted a real estate expert, Andrew Ragus is with us now, 17 00:01:21,599 --> 00:01:25,519 Andrew, great to have you back on. So these prices. We 18 00:01:25,599 --> 00:01:30,239 once had a guy named Crazy any electronics scammer in New York, and he 19 00:01:30,319 --> 00:01:38,239 used to the commercial was these prices are insane. Yeah, that's exactly what 20 00:01:38,319 --> 00:01:41,439 it still feels like now, because you know, the thing that makes you 21 00:01:41,560 --> 00:01:46,560 crazy is the average person's mortgage stayment. And I'm talking house that's like six 22 00:01:46,680 --> 00:01:51,359 hundred thousand, twelve thousand, taxes, thirteen goven tacking, so and I'm 23 00:01:51,439 --> 00:01:55,239 talking about high end. I'm just saying right down the middle, damn mortgage 24 00:01:55,239 --> 00:01:59,439 payment is looking something like forty eight hundred to you know, five thousand a 25 00:01:59,480 --> 00:02:02,120 month, depending on how much they're putting down. And it makes you say, 26 00:02:02,200 --> 00:02:05,519 like, I don't know how people are affording this and doing it. 27 00:02:05,840 --> 00:02:08,439 Imagine being a single income having to come up with five rand a month just 28 00:02:08,479 --> 00:02:14,120 for the mortgage payment and then having everything else to say, for the energy 29 00:02:14,159 --> 00:02:19,039 costs, the food cost everything. It's just it's really crazy to see and 30 00:02:19,280 --> 00:02:21,680 it's hurting people. I can see it. Yeah, well, you know, 31 00:02:21,800 --> 00:02:25,319 Will Rogers, the comedian, once said invest in inflation. It's the 32 00:02:25,319 --> 00:02:30,080 only thing going up. Yeah, it's true. All everyone's holding gold and 33 00:02:30,080 --> 00:02:35,639 silver. Yeah, gold and silver been doing very very nicely well, But 34 00:02:35,759 --> 00:02:38,080 at this way, it's not so much they're doing nicely. It's just they're 35 00:02:38,120 --> 00:02:42,360 holding their own right, that's correct. I mean, you know, it's 36 00:02:42,400 --> 00:02:45,599 just because it's a physical asst. And you know I say gold and silver, 37 00:02:45,639 --> 00:02:49,680 I also mean real estate because it doesn't matter at the end of the 38 00:02:49,759 --> 00:02:53,960 day. I think as long as you own a physical asset where whatever changes 39 00:02:54,000 --> 00:02:58,159 are coming to it, there's clearing the unity again, Arry, so you 40 00:02:58,280 --> 00:03:02,080 need this. There's changes coming to our financial system. The dollar cannot sustain 41 00:03:02,159 --> 00:03:06,960 this way, people cannot. You know, inflation doesn't go down. We 42 00:03:07,039 --> 00:03:10,400 have never seen things get cheaper because of the inflation. It's only going gone 43 00:03:10,520 --> 00:03:15,599 up and stay high. So something got to give. And as long as 44 00:03:15,639 --> 00:03:19,479 you own a physical asset like real estates and land and gold and silver, 45 00:03:19,520 --> 00:03:23,639 it'll always be worth something. People will trade for it and you'll be in 46 00:03:23,680 --> 00:03:28,400 good shape. Yeah. Yeah, And well there's a day of reckoning coming 47 00:03:28,479 --> 00:03:35,199 for everybody, right, not just the billionaires. I mean, like you 48 00:03:35,240 --> 00:03:38,479 say, it's unsustainable, right, you can't have how much did real estate 49 00:03:38,560 --> 00:03:43,360 prices go up in New York last year? Well, you know, I 50 00:03:43,360 --> 00:03:45,560 don't know the exact percentage up in the top of my head, but I 51 00:03:45,560 --> 00:03:49,360 can tell you that the house is. You know, you used to look 52 00:03:49,360 --> 00:03:53,199 at like a six hundred thousand dollars house and think that that house didn't need 53 00:03:53,319 --> 00:03:55,800 that much work. It should have been moving ready and should have been in 54 00:03:55,840 --> 00:04:00,560 a really nice area. And you know, nowadays that's it's kind of like 55 00:04:00,879 --> 00:04:03,800 entry level. And you can find a property that's going to need full gut 56 00:04:03,879 --> 00:04:09,639 renovations. It can be like god empletely outdated, not touching the seventies eighty 57 00:04:09,800 --> 00:04:13,400 ninety, and that will be is that bright point, or even have structural 58 00:04:13,439 --> 00:04:16,759 problems. I just told a building in New York City and Brooklyn that there 59 00:04:16,879 --> 00:04:21,279 was a wall that was collapsing. There's turnmine damage everywhere. I mean, 60 00:04:21,319 --> 00:04:25,000 this building needs a ton of work. I still got a price for a 61 00:04:25,120 --> 00:04:29,879 six seventy. And that's just to give you an idea of how census things 62 00:04:29,920 --> 00:04:31,959 are. So your money's just not getting what he used to do. Yeah. 63 00:04:32,040 --> 00:04:35,199 Well, one time when I was growing up, there was a commercial 64 00:04:35,199 --> 00:04:41,079 for McDonald's and this kid goes daddy what's inflation, and he goes, son, 65 00:04:41,360 --> 00:04:45,959 that's when the price of everything goes up and your father's hey stays the 66 00:04:46,040 --> 00:04:49,040 same. And you know, that's kind of what's happening here. Though. 67 00:04:49,040 --> 00:04:55,160 If you're an airline pilot and certain other professions, you're making out like a 68 00:04:55,240 --> 00:04:59,160 bandit now duh yeah, I mean, well, looks there's always going to 69 00:04:59,199 --> 00:05:01,680 be in winners in MoU right. I've just been trying to encourage people. 70 00:05:01,920 --> 00:05:05,000 I let them know and say, look, if you need to buy a 71 00:05:05,040 --> 00:05:10,160 piece of real estate and you're you know, it's for more than just an 72 00:05:10,199 --> 00:05:13,560 investment purpose. I mean, if you need a place to live, or 73 00:05:13,879 --> 00:05:16,800 the privacy, the security that they the school district. I mean, there's 74 00:05:16,839 --> 00:05:20,720 a ton of reasons to buy real estate. It's not always just oh I 75 00:05:20,759 --> 00:05:25,560 need to make you know a certain amount of appreciated value, or you know, 76 00:05:25,600 --> 00:05:28,279 if you're an investor in a different soil, right, But the person 77 00:05:28,360 --> 00:05:30,720 looking for a place to live. I encourage people and say, just buy 78 00:05:30,759 --> 00:05:34,240 it, because we don't know what's going to happen. You know, ten, 79 00:05:34,319 --> 00:05:36,720 fifteen, twenty years down the road. If you're going to stay in 80 00:05:36,720 --> 00:05:40,600 that house a good amount of time, and you can afford that payment, 81 00:05:40,720 --> 00:05:44,360 whether it's two incomes or one. Just live your life and we'll figure it 82 00:05:44,360 --> 00:05:46,720 out one step at a time, because you can't put your life on hold. 83 00:05:46,040 --> 00:05:50,680 Uh yeah, well that's it. So are people trading down? Are 84 00:05:50,680 --> 00:05:55,160 they moving further away from the city? What are you supposed to do? 85 00:05:55,680 --> 00:05:59,959 Well? The pattern that I'm noticing is mostly people relocating outside of New York 86 00:06:00,240 --> 00:06:03,279 still, especially when it comes to retirement age. New York has become very 87 00:06:03,519 --> 00:06:10,839 unfriendly towards retired persons. We don't even have that many properties that someone could 88 00:06:10,839 --> 00:06:14,399 buy that would be at a three hundred four hundred price point. You would 89 00:06:14,399 --> 00:06:17,240 have to move into a co op or you know, very small maybe like 90 00:06:17,319 --> 00:06:20,560 seven eight hundred square feet, which maybe a law for some people, but 91 00:06:20,600 --> 00:06:25,079 when you're downsizing from the house, it's not. It's not that much, 92 00:06:25,240 --> 00:06:28,759 right, So we don't have a lot of those properties in this and it 93 00:06:28,759 --> 00:06:30,319 doesn't steem like a lot of them are being built. There's a lot more 94 00:06:30,439 --> 00:06:38,079 rentals being built, and there are new opportunities to own what I saying. 95 00:06:38,920 --> 00:06:43,000 Yeah, so they're getting the heck out of New York. Even Florida has 96 00:06:43,040 --> 00:06:47,560 gotten it's gotten as expensive as New York hasn't it. Yes, it's true. 97 00:06:47,959 --> 00:06:53,519 So I guess you know what, people they move to New York and 98 00:06:53,560 --> 00:06:58,160 then they don't move They move from New York to Florida, and then they 99 00:06:58,199 --> 00:07:00,920 don't like Florida, and then they they wind up in the Carolinas and they 100 00:07:00,920 --> 00:07:06,199 call them halfbacks. Yeah. Well, from what I'm understanding, you can 101 00:07:06,240 --> 00:07:11,480 still still find some properties there for you know, under four hundred, five 102 00:07:11,519 --> 00:07:15,560 hundred thousand, and I think that's when a person's retiring. It's kind of 103 00:07:15,560 --> 00:07:18,519 where they're aiming. They want something that's you know, two fifty three hundred 104 00:07:18,600 --> 00:07:23,879 or less, and it still provides let's say, at least a thousand square 105 00:07:23,920 --> 00:07:28,839 feet and a comfortable lifestyle. And also in the Carolina Is the property taxes 106 00:07:29,000 --> 00:07:31,879 are not in the thousands, whereas in New York it's in the tens of 107 00:07:31,920 --> 00:07:35,600 thousands. Like my property taxes seventeen thousand, I'm on three quarters have been 108 00:07:35,639 --> 00:07:42,120 eager. Most of the houses they sell are averaging property taxes fifteen thousand in 109 00:07:42,240 --> 00:07:46,160 Nassau County and maybe maybe thirteen thousand in Stuffta County. So you know, 110 00:07:46,240 --> 00:07:49,759 you move somewhere like to Carolina Is and you pay a couple hundred or maybe 111 00:07:49,759 --> 00:07:54,759 even the thousands for the year. Obviously, it's just a lot friendlier on 112 00:07:54,800 --> 00:08:01,120 your first yeah, yeah, And there's so many things that Florida really does 113 00:08:03,040 --> 00:08:07,879 offer retirees that others just you know, forget it right. Well, all 114 00:08:07,920 --> 00:08:11,160 I can say is, Kerry, is that there has to be some sort 115 00:08:11,199 --> 00:08:15,079 of change here in New York if they expect people to stay, because, 116 00:08:15,120 --> 00:08:18,360 like I said, it's not becoming friendly for retirees, anyone that wants to 117 00:08:18,360 --> 00:08:24,279 own real estate, it's becoming very expensive. There definitely is a lot of 118 00:08:24,959 --> 00:08:28,519 rental opportunity. I see rental developments being put up left and right, and 119 00:08:30,240 --> 00:08:33,320 if you were looking to rent something, they're happy to let you pay that, 120 00:08:33,399 --> 00:08:35,000 But it doesn't seem like they want to help you own anything. So 121 00:08:35,440 --> 00:08:39,519 if anyone's looking to leave New York, you're probably going to have a lot 122 00:08:39,559 --> 00:08:45,080 more money in your bad account. So unfriendly to retirees, unfriendly to working 123 00:08:45,120 --> 00:08:50,639 people, unfriendly to businesses, why is anybody still there? I think most 124 00:08:50,639 --> 00:08:54,240 people love New York for a couple of reasons that you know. For me 125 00:08:54,360 --> 00:08:58,720 personally, the reason why I love it here is because we have such good 126 00:08:58,000 --> 00:09:03,039 culture where it's mixed of all different types of backgrounds and ethnicities. You can 127 00:09:03,080 --> 00:09:07,679 go to a restaurant and eat in a different place in a different style or 128 00:09:07,720 --> 00:09:11,879 culture every night of the week. There there's activities, there's events, there's 129 00:09:13,360 --> 00:09:16,799 arts, there's parks, there's boating and beaches, and there's tons of things 130 00:09:16,799 --> 00:09:22,399 to do that. In some other places it doesn't have that level of diversity. 131 00:09:22,799 --> 00:09:26,200 You can't have that level experience. I know people use that word diversity 132 00:09:26,240 --> 00:09:30,600 and it's been made to almost make some people cringe. But there is something 133 00:09:30,679 --> 00:09:33,759 special about being able to, you know, have some sort of change in 134 00:09:35,200 --> 00:09:37,120 all these influence from everywhere. I think that's the magic in New York that 135 00:09:37,679 --> 00:09:41,519 you can really experience so many different parts of the world in one place. 136 00:09:41,600 --> 00:09:46,879 It's like the world city. Yeah, well, they've been living off their 137 00:09:46,919 --> 00:09:52,039 reputation for a lot of years, and you know, like you say, 138 00:09:52,080 --> 00:09:58,240 it's unsustainable and they're going to have to do something because it just can't go 139 00:09:58,320 --> 00:10:03,360 on this way. Because look, the financial industry really to a large extent, 140 00:10:03,399 --> 00:10:09,480 has moved out of New York. Miami arguably is now the Miami area 141 00:10:09,120 --> 00:10:16,120 arguably the financial capital of the United States. Now, you know that was 142 00:10:16,200 --> 00:10:22,600 the cash register for the state doesn't exist anymore. They haven't figured out a 143 00:10:22,639 --> 00:10:26,120 way to a way forward. You know. It's my hope that New Yorkers 144 00:10:26,120 --> 00:10:30,480 are learning they're less than one person at a time. You know, I 145 00:10:30,519 --> 00:10:33,799 don't think you know. My experience when I'm out with the everyday person is 146 00:10:33,840 --> 00:10:37,720 that the majority of the people think like you and I. They're tired of 147 00:10:37,759 --> 00:10:41,080 this, They're tired of seeing money wasted, they're tired of all their costs 148 00:10:41,159 --> 00:10:45,840 going up. And I think that they will do something at the voter booth 149 00:10:46,159 --> 00:10:48,720 when the time comes. Yes, we're still going to have people on the 150 00:10:48,759 --> 00:10:52,120 other extreme. I can't say everyone is going to change their mind, but 151 00:10:52,200 --> 00:10:56,000 I think the majority of people are waking up, and I don't think it 152 00:10:56,039 --> 00:11:01,320 looks dim Okay, well, I hope you're correct, And a good time 153 00:11:01,360 --> 00:11:05,799 to wake up would be this November. What are you not making a political 154 00:11:05,799 --> 00:11:11,120 statement here? But sometimes the best thing that people can do voters is just 155 00:11:11,360 --> 00:11:22,200 turn on the establishment, you know, and do the opposite of what they've 156 00:11:22,200 --> 00:11:26,720 been doing. Right, you know, like Einstein said, you know, 157 00:11:26,879 --> 00:11:31,679 definition of insanity is doing the same thing over and over again and expecting a 158 00:11:31,679 --> 00:11:35,879 different outcome. Here, right, I'm a full agreement with you. I 159 00:11:35,919 --> 00:11:39,240 mean, anything that comes out of the mainstream media, I bereave in the 160 00:11:39,320 --> 00:11:41,559 lie. And if they're pushing you in one direction, you should go in 161 00:11:41,639 --> 00:11:46,559 the other direction. I think the new source of media going forward is going 162 00:11:46,639 --> 00:11:50,039 to be shows just like this one. It's going to be the local grass 163 00:11:50,240 --> 00:11:54,120 routs, people talking to each other, having communication across all different platforms, 164 00:11:54,200 --> 00:11:58,480 unfiltered, you know, undigested, you know, people just getting on and 165 00:11:58,519 --> 00:12:01,480 spalking. And that's the way of the future. It's going to take over. 166 00:12:01,559 --> 00:12:07,320 And that that that monster that was created by technology. They can't put 167 00:12:07,320 --> 00:12:11,200 it back in the box anymore. Them the gen is out of the bottle. 168 00:12:11,360 --> 00:12:13,879 Hey, that'll you know. I heard that New York City they were 169 00:12:13,919 --> 00:12:18,360 just going to replace all the street lights with gas lights because they've been gas 170 00:12:18,399 --> 00:12:22,879 lighting everybody for years anyway, Right, that's hilarious. You know, they 171 00:12:22,919 --> 00:12:28,639 actually ended the red light traffic program here in Suffolk County because of all the 172 00:12:28,679 --> 00:12:33,679 pushback. So they hey, and and you're, uh, your system has 173 00:12:33,919 --> 00:12:39,120 uh has you know, basically turned the head. You know. The problem 174 00:12:39,200 --> 00:12:43,240 is we only have two parties really to choose from, and it's a dumb 175 00:12:43,279 --> 00:12:50,159 and dumber or worse and worser, right exactly. Yeah, So just you 176 00:12:50,159 --> 00:12:52,799 know, get out there, and you know, like I said, it's 177 00:12:52,799 --> 00:12:58,120 it's gonna be that grassroots, small town conversations that when you meet with other 178 00:12:58,120 --> 00:13:01,279 people, you talk amongst each other. That's the new way their information is 179 00:13:01,320 --> 00:13:03,919 going to start spreading, just like shows like this, and you know, 180 00:13:05,000 --> 00:13:09,720 people will demonstrate their feelings at the voting glue. So I haven't talked to 181 00:13:09,759 --> 00:13:11,960 anybody else on the show about this, but I want to get your take 182 00:13:13,000 --> 00:13:20,000 on the settlement between the National Association of Realtors which you're not allowed to employ 183 00:13:20,080 --> 00:13:26,320 yourself a realtor unless you're a member of the NAAR. They just had this 184 00:13:26,440 --> 00:13:33,679 huge anti trust settlement and it supposedly is going to shake up the real estate 185 00:13:33,759 --> 00:13:37,480 world. You just tell us, explain what happened, Explain what the settlement 186 00:13:37,600 --> 00:13:41,399 is about, and how it affects you, all right. So it's interesting 187 00:13:41,679 --> 00:13:46,399 from my understanding is that in the in this case, the argument was that 188 00:13:46,480 --> 00:13:52,279 Fellers did not have to be forced to pay a buyer's agent. And the 189 00:13:52,320 --> 00:13:56,879 way that you know, the case was presented was that as Estellar was claiming 190 00:13:56,919 --> 00:14:00,879 that they didn't know when they took when they were took a listing agent and 191 00:14:00,879 --> 00:14:03,360 got it and hired them that they were going to be paying a buyers need. 192 00:14:03,919 --> 00:14:07,320 But I don't know what contracts people were using over there, but here 193 00:14:07,360 --> 00:14:13,480 in Long Island, our contracts clearly state on them the commission total and how 194 00:14:13,519 --> 00:14:16,279 it would be shared. And if you think about it, that was never 195 00:14:16,399 --> 00:14:20,679 the seller. It was the listing agent choosing to split the commission with the 196 00:14:20,720 --> 00:14:24,360 buyer's agent because it brings more offers to the table. Of course, I 197 00:14:24,399 --> 00:14:33,279 honestly feel that the case that was brought against the ner was another attempt of 198 00:14:33,360 --> 00:14:37,240 that globalist agenda of you will own nothing and you will be happy, because 199 00:14:37,279 --> 00:14:41,840 all it did was increased the closing costs for the buyer. Now buyers have 200 00:14:41,879 --> 00:14:46,000 to pay for their own agent if they want representation, and it's not making 201 00:14:46,000 --> 00:14:48,960 any Sorry, you have to increased rate, increased property devices, and now 202 00:14:48,039 --> 00:14:54,120 increased closing costs. And of that, there were some mlss who decided to 203 00:14:54,240 --> 00:15:00,120 push back against this ruling, and they stated that it's not the Department of 204 00:15:00,279 --> 00:15:03,320 Justice or the all this, you know, it's not the decision of this 205 00:15:03,519 --> 00:15:11,840 case that makes it okay for the DOJ to silence stellers who want to offer 206 00:15:11,840 --> 00:15:16,360 commission. If a steller wants to offer something to a buyer's agent to increase 207 00:15:16,399 --> 00:15:20,759 the number of people who come to do his property, then the commission can 208 00:15:20,879 --> 00:15:26,000 be offered and publicly displayed. So there's been a lot of push that even 209 00:15:26,080 --> 00:15:31,240 now that the case is over. Really yeah, and like I understand the 210 00:15:31,759 --> 00:15:39,759 National Associated Association of Realtors being the prime target here, but just because you're 211 00:15:39,759 --> 00:15:45,639 a member of that organization doesn't mean you need to be bound by their settlement. 212 00:15:45,759 --> 00:15:50,120 I don't understand that has anybody challenged that. I haven't seen it so 213 00:15:50,200 --> 00:15:52,080 far. But the only thing that I understand that that was going to be 214 00:15:52,120 --> 00:15:56,519 a major change that's coming is the MLS's which are a member of the National 215 00:15:56,559 --> 00:16:02,360 Association of Realtors. We're told that they that they can no longer offer on 216 00:16:02,440 --> 00:16:07,320 the MLS compensation for buyers egent. Now, that doesn't mean that a steller 217 00:16:07,720 --> 00:16:11,320 cannot offer, because a seller can do whatever they want. The deeller can 218 00:16:11,360 --> 00:16:15,879 offer a commission to anyone. It's really up to them as long as person's 219 00:16:15,879 --> 00:16:21,080 licensing illegally labors dB it's a negotiation tool. Correct, So now buyer is 220 00:16:21,159 --> 00:16:26,679 going to have to have a new contract then effectively saying we're going to see 221 00:16:26,679 --> 00:16:30,919 that you're paid at and proceeds your fee. Right. Well, there's a 222 00:16:30,960 --> 00:16:33,679 couple of ways you can go about it. You can you can have a 223 00:16:33,679 --> 00:16:36,799 contract for a buyer's agent exactly how you said, and the buyer can pay 224 00:16:36,879 --> 00:16:41,120 themselves, or they can ask the Stellar to pay that contract. Or the 225 00:16:41,159 --> 00:16:45,960 buyer can make an offer and include the commission in the offer. This way, 226 00:16:45,159 --> 00:16:48,879 the commission is signing it into the total mortgage amount. So if they 227 00:16:48,960 --> 00:16:52,279 best, say they agree on a number with a speller and they say, 228 00:16:52,320 --> 00:16:55,320 I'll give you five hundred for your house, but they write up the contract 229 00:16:55,320 --> 00:16:57,399 and make it say five to ten, and they could take that extra ten 230 00:16:57,879 --> 00:17:02,159 give it back to the purchase to Stellar can give it back to the purchaser 231 00:17:02,159 --> 00:17:03,599 and he can pay his agent with that. Or you can go back to 232 00:17:03,640 --> 00:17:07,839 the traditional route where the steller just takes it doesn't matter. See, it's 233 00:17:07,880 --> 00:17:11,359 all coming from the same pot, right, So as long as the next 234 00:17:11,480 --> 00:17:17,039 number is agreed upon, everyone can walk away happy. You know, Hey, 235 00:17:17,319 --> 00:17:19,680 you're a realtor, you're not working for nothing here, right, Well, 236 00:17:19,720 --> 00:17:22,960 that's exactly right. I mean, it really just makes it look I 237 00:17:23,119 --> 00:17:26,720 admit, there is a insy cat to get a real estate lights in here 238 00:17:26,759 --> 00:17:30,599 in New York, it's a two week crash course in the law. Okay, 239 00:17:30,640 --> 00:17:33,240 as long as you can cram some information and study, you can get 240 00:17:33,240 --> 00:17:37,839 yourself a real estate license. You can't establish yourself in a career and you 241 00:17:37,880 --> 00:17:41,640 know, do a lot of business and transactions if you don't actually make a 242 00:17:41,680 --> 00:17:47,440 good impression on people. Because this is a business where you make money. 243 00:17:47,559 --> 00:17:48,960 It's a kill when you eat kind of I mean, you eat when you 244 00:17:49,039 --> 00:17:52,759 kill kind of business. Right. If you're not good with the public and 245 00:17:52,799 --> 00:17:56,359 good with what you do, you're not going to get the business right. 246 00:17:56,960 --> 00:18:00,759 Sure, So, yeah, have there been realtors who end that didn't display 247 00:18:00,839 --> 00:18:04,599 any value that you know, they were kind of just a door opener and 248 00:18:04,640 --> 00:18:10,319 they didn't help you with any contract terms or spotting things in houses or whatever. 249 00:18:10,440 --> 00:18:12,680 Yes, it happens where there's people out there that they will just display 250 00:18:12,720 --> 00:18:18,440 any value. But then there's the opposite where there's people who are extremely professional 251 00:18:18,680 --> 00:18:21,559 and you can walk through a property with them and they'll point out things to 252 00:18:21,640 --> 00:18:23,160 you that you don't even need to waste money on. A home inspectory. 253 00:18:23,160 --> 00:18:26,160 They can tell you, look, I know what this is already, and 254 00:18:26,200 --> 00:18:30,119 they can identify these things, and they can help you with contract terms. 255 00:18:30,160 --> 00:18:33,119 They can find you the best mortgage rate, the best closing cost deals, 256 00:18:33,160 --> 00:18:37,920 the best title. I mean, there's so many services a realtor can help 257 00:18:37,960 --> 00:18:41,799 you with if they know how to do the business. And I believe those 258 00:18:41,400 --> 00:18:47,599 strong agents will always be around. They will adapt, survive, overcome no 259 00:18:47,640 --> 00:18:52,160 matter what change is happening, right, you know, like some agents reminds 260 00:18:52,240 --> 00:19:00,880 me once a politician once said that the vice presidents job is basically worth a 261 00:19:00,920 --> 00:19:07,799 bucket a spit, right, And there's a lot of agents out there who 262 00:19:07,200 --> 00:19:11,200 really already even worth that, right, Yeah, agreed. So look, 263 00:19:11,240 --> 00:19:15,680 the best way to find one is to word of mouth. Try to find 264 00:19:15,680 --> 00:19:18,119 someone you know someone has used. Even you could read Google reviews on a 265 00:19:18,160 --> 00:19:22,559 person, look up the stales TAS three on one of the major websites like 266 00:19:22,640 --> 00:19:26,119 zillo orhomes dot com. The only the only fault with doing it that way 267 00:19:26,319 --> 00:19:30,799 is that a lot of those stales have to be manually uploaded, and someone 268 00:19:30,799 --> 00:19:34,039 who could be like a pop producing wheel there telling one hundred two hundred even 269 00:19:34,119 --> 00:19:37,880 forty homes a year, they feel a lot depending on what you know where 270 00:19:37,880 --> 00:19:41,319 you are. You have to manually enter all of that as it happens, 271 00:19:41,319 --> 00:19:45,319 so then they fall behind on updating that. But if you seed good Google 272 00:19:45,359 --> 00:19:47,880 reviews and good stuff like it, then yeah, you should be okay, 273 00:19:48,559 --> 00:19:52,440 Yeah, yeah, for sure. I know. Hey, technically I am 274 00:19:52,480 --> 00:19:56,680 a realtor. I became one in Florida just so when I bought and sold 275 00:19:56,680 --> 00:20:00,319 stuff, I you know, make another to three percent or save two or 276 00:20:00,359 --> 00:20:06,680 three percent. And you know, like my realtor though who I used, 277 00:20:07,000 --> 00:20:08,880 I can tell you she got me a better price than I would have gotten 278 00:20:08,920 --> 00:20:14,559 on my own. Is she's just a really good negotiator, better than myself. 279 00:20:15,119 --> 00:20:18,079 Not embarrassed to say that. And when you get a good realtor, 280 00:20:18,839 --> 00:20:22,920 you know, it doesn't cost you money, it saves you money. I 281 00:20:22,960 --> 00:20:26,079 agree. And you know, one of the things I think that get overlooked 282 00:20:26,119 --> 00:20:30,839 all the time is contract terms. And unless you're in the industry and you're 283 00:20:32,039 --> 00:20:36,319 working in some sort of field related to real estate, you don't really know 284 00:20:36,519 --> 00:20:40,960 as the average consumer what you can and cannot put. Into contrast, and 285 00:20:41,039 --> 00:20:44,839 a realtor can work some magic for you on the buy side or on the 286 00:20:44,880 --> 00:20:51,160 cell side. And this feels extremely secure or extremely beneficial. If it's not 287 00:20:51,240 --> 00:20:53,640 even just a purchase price, it can be so many other things. And 288 00:20:53,680 --> 00:20:57,839 that only comes from knowledge and experience. So true, so true, Andrew, 289 00:20:57,920 --> 00:21:03,480 And like people make jokes about realtors all the time and everything, like 290 00:21:03,519 --> 00:21:10,319 they do about lawyers. But when you've got a situation and you want to 291 00:21:10,319 --> 00:21:15,759 get the best price, either come selling a property or buying one, you 292 00:21:15,799 --> 00:21:21,279 know a realtor is invaluable, a good realtor, and we have to we 293 00:21:21,359 --> 00:21:25,759 have to specify that. Hey, well appreciate you are coming on here, 294 00:21:26,279 --> 00:21:29,960 and we will talk to you again. Just tell us how do we find 295 00:21:30,000 --> 00:21:33,359 you? How do we connect with you on the web. Anybody can find 296 00:21:33,359 --> 00:21:36,519 me on Instagram it's just my name, Andrew Rougusta. Or just do a 297 00:21:36,559 --> 00:21:40,200 quick Google search and you'll see Andrew Ragusa, licensed real estate broker. Just 298 00:21:40,240 --> 00:21:42,799 pop up. That'side business all right. Links in the shoutouts to this interview 299 00:21:42,880 --> 00:21:48,799 on Financial Survival Network dot com and you can click it get right to Andrew. 300 00:21:48,160 --> 00:21:52,160 And while you're there, please sign up for your free newsletter. Andrew 301 00:21:52,400 --> 00:21:56,200 always a pleasure. Hey, it's going to be interesting to see how this 302 00:21:56,480 --> 00:22:03,400 in this situation in New York on folds. There's an old saying when something 303 00:22:03,440 --> 00:22:10,000 becomes unsustainable, eventually it stops sustaining. That's where we're getting to very rapidly 304 00:22:10,039 --> 00:22:14,400 with New York, and I hope your assessment is correct. Thanks Jerry, 305 00:22:14,440 --> 00:22:17,119 I love being here. Thanks you for reading, mere, thanks for listening 306 00:22:17,160 --> 00:22:22,359 to Carrie Lenz's Financial Survival Network, your solution to today's trying times. For 307 00:22:22,440 --> 00:22:30,079 the latest, go to Financial Survivalnetwork dot com. Financial Survival Network now more 308 00:22:30,160 --> 00:22:30,680 than ever,