Jack Selby

Would it be that prices explode or would it be that supply finally begins to catch up?

Let's see the second answer, because he wants to do what's called trimmed averages.

Correct.

Which would basically take out the extremes of the inflation report.

So in this case, he would take out the extreme of rising oil.

Correct.

All of a sudden now inflation goes from four down to one point eight within target and then they could cut rates.

So if that were to happen, because that seems plausible.

So do you think anyone can be a real estate investor?

Who should and shouldn't?

Is it still worth it to invest in real estate, though?

So why wouldn't you just invest in the stock market instead?

How is that responsible from the state of California to throw money at a property significantly above what it's worth?

See, I'm going to say this like I'm not saying it's illegitimate, but I've like Nick Shirley's video on the hospice situation.

It just makes me think that when I was doing real estate in Los Angeles, the sober living people who would reach out were always seen as a bit of a joke because they would come in and offer like double the price for anything.

And they were always the most like stupid.

unscrupulous people who would just like come in and they would be wearing chains and this and that.

And they drive up in a brand new Benz and they just didn't seem like a sophisticated investor or business, but somehow they had 30 grand a month to spend.

And it just, it made the wheels turn that like something's something's off.

Yeah.