Patrick Bet-David

I'm renting a three-bedroom house from somebody. My renter's insurance, I was paying $2,000 a year. Now I'm paying $2,800 a year. That is right. You're up to $2,800.

Here's a question, though, Tom. All that stuff we're talking about, That's not State Farm's problem. State Farm is there to insure your homeowners. Now, here's the problem. You've got to realize with State Farm. With good market share, doing a good job, a lot of customers. When you look at State Farm, State Farm, he says, right now, this is part of the story.

Here's a question, though, Tom. All that stuff we're talking about, That's not State Farm's problem. State Farm is there to insure your homeowners. Now, here's the problem. You've got to realize with State Farm. With good market share, doing a good job, a lot of customers. When you look at State Farm, State Farm, he says, right now, this is part of the story.

The independent administrative judge, non-binding order, which found State Farm is in serious financial stress and recommended a $400 million cash infusion. from its parent company. Their parent company is, I think, State Farm Automobile and Insurance Company, something like that. Then you have State Farm. Why do they need $400 million infusion? They're not making money. So guess what?

The independent administrative judge, non-binding order, which found State Farm is in serious financial stress and recommended a $400 million cash infusion. from its parent company. Their parent company is, I think, State Farm Automobile and Insurance Company, something like that. Then you have State Farm. Why do they need $400 million infusion? They're not making money. So guess what?

They're saying 21%. They lowered to 17%. California homeowners can't afford that. 15% for renters in a condo, 38% for renters in a house, which in California, in many cases, you're renting a house from somebody else. You're paying that 38%. That's an increase on top of what it already is But guess what the alternative is? Complain about it, State Farm leaves.

They're saying 21%. They lowered to 17%. California homeowners can't afford that. 15% for renters in a condo, 38% for renters in a house, which in California, in many cases, you're renting a house from somebody else. You're paying that 38%. That's an increase on top of what it already is But guess what the alternative is? Complain about it, State Farm leaves.

State Farm leaves, the mortgage doesn't get approved. The mortgage doesn't get approved, the real estate industry goes into shambles. The real estate industry goes into shambles, and the tweet that Vinny just sent, Rob, if you can pull this one up, this is a tweet that Vinny just sent from Mario in the fall. This is what it takes to afford to buy a house today in America. Check this out.

State Farm leaves, the mortgage doesn't get approved. The mortgage doesn't get approved, the real estate industry goes into shambles. The real estate industry goes into shambles, and the tweet that Vinny just sent, Rob, if you can pull this one up, this is a tweet that Vinny just sent from Mario in the fall. This is what it takes to afford to buy a house today in America. Check this out.

For a three-bedroom house, this is what you need to make to be able to afford a three-bedroom house in America. Zoom in a little bit, Rob, if you could. If you could zoom in a little bit. Look at that, California, 210. There's only one state that's higher than that, and it's Massachusetts, 216. New York's 190. You got Washington, 175. Montana, 177. Utah, 169. Idaho, 163. And then you go lower.

For a three-bedroom house, this is what you need to make to be able to afford a three-bedroom house in America. Zoom in a little bit, Rob, if you could. If you could zoom in a little bit. Look at that, California, 210. There's only one state that's higher than that, and it's Massachusetts, 216. New York's 190. You got Washington, 175. Montana, 177. Utah, 169. Idaho, 163. And then you go lower.

Jersey's 57. Connecticut's 44. Rhode Island's 41. Texas is half of California. Gosh, why were people driving there? Just by moving from California to Texas, you save 55%, 52%. Alaska's 122, but go to Hawaii. 229, and look where Florida's at, 125. Do you think there's a reason why people from New York are moving to Florida?

Jersey's 57. Connecticut's 44. Rhode Island's 41. Texas is half of California. Gosh, why were people driving there? Just by moving from California to Texas, you save 55%, 52%. Alaska's 122, but go to Hawaii. 229, and look where Florida's at, 125. Do you think there's a reason why people from New York are moving to Florida?

There's a reason for that.

There's a reason for that.

But remember, the fear here lies where? If you don't allow State Farm to make money in your state, They will say goodbye. And your real estate industry, the realtors are sitting there shivering because they saw data that came out last year, the fact that 7% of mortgages and sales weren't closing because the people that were buying the house were not qualifying for the homeowner's insurance.

But remember, the fear here lies where? If you don't allow State Farm to make money in your state, They will say goodbye. And your real estate industry, the realtors are sitting there shivering because they saw data that came out last year, the fact that 7% of mortgages and sales weren't closing because the people that were buying the house were not qualifying for the homeowner's insurance.

And they're like, man, I can't afford to pay this homeowner's insurance. I'm out. Adam, your thoughts on this?

And they're like, man, I can't afford to pay this homeowner's insurance. I'm out. Adam, your thoughts on this?

I'm sorry. I'm not going to make you do math. I got you. How old are you, Vinny?