Digital Social Hour
California's Real Estate Crisis: What Entrepreneurs Must Know | Grant Cardone DSH #1172
Mon, 10 Feb 2025
California's real estate crisis is shaking the foundations of the Golden State—and entrepreneurs need to pay attention! 🏡🔥 In this powerful episode of the Digital Social Hour, Sean Kelly dives deep with guest Grant Cardone to discuss the wildfire devastation, skyrocketing insurance issues, and the ripple effects impacting housing, business, and the economy nationwide. 🌎💸 Discover how government policies and environmental challenges are reshaping California’s real estate market and what it means for YOU as a homeowner, investor, or entrepreneur. Grant shares his personal experiences rebuilding homes, tackling bureaucracy, and navigating the changing landscape—all while offering bold solutions to protect your assets and thrive in uncertain times. 💪🏽✨ Packed with valuable insights and hard-hitting truths, this episode is a must-watch for anyone invested in California’s future or looking to understand the broader economic ripple effects. Don’t miss out—watch now and join the conversation! 🎥🗣️ 👉 Hit that subscribe button and stay tuned for more insider secrets on the Digital Social Hour with Sean Kelly! 🚀 #californiafire #lafires #californiaentrepreneurs #legaltipsforbusinessowners #trademarktips #housingmarket2025 #sacramentohousingmarket #propertysector #realestateagent #realestateinvesting CHAPTERS: 00:00 - Intro 00:28 - Grant’s House Survived the Fire 04:59 - Today’s Sponsor: Specialized Recruiting Group 05:48 - Insurance Companies Can’t Raise Premiums 07:32 - FEMA and Cleaning Up the Debris 10:24 - California’s Coastal Commission 11:12 - Rebuilding Process After a Fire 12:54 - Registering as a Republican Voter 15:02 - Preventing Wildfires 16:38 - Blaming Newsom for Wildfires 17:46 - Changing California's Political Landscape 18:28 - 10X California Rallies 19:24 - Gavin Newsom and Donald Trump 22:00 - FEMA Assistance 25:14 - California Wildfires Overview 26:56 - IRS Insights 28:14 - Tariffs Impact 35:04 - Weather Manipulation Theories 38:04 - College Education Discussion 40:00 - Medication Insights 42:04 - Vaccine Information 43:19 - Leaving California 46:28 - Speaking at a Trump Rally 48:47 - Flipping California Red 52:20 - Rick Caruso's Impact 55:22 - Homelessness Issues 58:00 - Education Reform 01:00:33 - Bitcoin Discussion 01:03:55 - Last 10X Growth Con Highlights 01:09:00 - Grant’s Life Transitions 01:09:50 - Grant for President Campaign 01:10:53 - Where to Find Grant APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Grant Cardone https://www.instagram.com/grantcardone/ https://grantcardone.com/ SPONSORS: Specialized Recruiting Group: https://www.srgpros.com/ LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/
Chapter 1: How did Grant Cardone's house survive the fire?
And fixing this problem that's there, by the way, that's going to become a contagion, contagious.
Yeah.
Okay? If California continues to fall off the, they used to worry about it falling off the damn coast, right? But it is. And if you're worried about it, if you think that's not going to affect Utah and Arizona, Minnesota, Illinois, it's going to affect everything.
All right, guys. Grant is back. Wow. A lot's been happening, man. Thanks for coming on again.
Lots always happening around you. You know, I said, let me just get around you. Something good's going to happen.
Absolutely, man. You've been dealing with a lot though. Your house was the only one that survived in the neighborhood, right? In Malibu?
Yeah.
Crazy. 18 neighbors all burned to the ground.
Literally, I'm located across the street from the fire department. And my house has got 26 inches of concrete block underneath it. So when we visited this house, probably four years ago, I just finished shooting that show, Undercover Billionaire. And four houses down from me, a designer owned the house that I was renting. And that morning, Elaine and I got up.
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Chapter 2: What challenges do California homeowners face with insurance?
And there's 18,000 people, dude, that don't have a house and who knows how long it takes.
Dude, that's terrible. I did not know there was a coastal committee.
But this is what happened on that beach, on Carbon Beach. My neighbor's $3 million, well, his house is probably worth 15 or 20 million. He's only got $3 million of coverage. Let's say he doesn't have the money. If he doesn't have the money, who's going to buy the house? Well, I'm the most likely buyer. Hey, Jay, I'll buy the house because that would make my house bigger. I don't need bigger house.
You've been to my house. The house is big enough, dude. I got 10,000 square feet. I don't need something bigger. But let's say Jay's neighbor doesn't have the money. She lived there 45 years. Maybe she paid 40 grand for the house. And she just waited 45 years. And one day they looked up and said, house is worth 20 million a day. But her entire 20 million, bro, she's real estate rich and cash poor.
Most people are, right?
Exactly. She didn't have any money. She's a millionaire many times over. This is what people don't get. She's a millionaire many times over, but the house was a liability. I said it on the last time I was on the show, bro. Homes are bad investments. Now I'm getting proven right here.
You are.
Okay? So let's say she doesn't have $17 million and seven years to rebuild. What does she do? She says, Jay, would you buy my house? So now Jay's got two lots. Let's say he puts them together. And he builds a mega mansion. He still only has $3 million worth of insurance. That's assuming the Coastal Commission will let him put two houses together and build something great.
It's going to be concrete, glass, and steel, so it's going to be very expensive. But if it takes seven years, like you just keep multiplying this problem over and over, and the state of California is fucked.
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Chapter 3: Why is the rebuilding process in California so difficult?
I didn't know how to say that, right? And he's like, well, dude, why? Why are they coming to see you? Why did that many people spend three days coming to see you? And then he says, I would speak at one of your events. I said, man, that'd be amazing. And so we cut a deal that day and he agreed to come. That's nuts. Nobody knew he was coming.
Yeah. I remember seeing that on social media. I was like, damn, I wish I went to that one.
Dude.
Yeah. Well done.
So we've had Dana White there, Kevin Hart. I mean, I've had almost everybody speak at my events. The two people I haven't gotten, Dave Chappelle. I've tried to get Dave so many times, dude. And it looks like I'm not going to get him.
He's picky.
Huh? He's picky.
Yeah. And Tom Cruise.
Ooh.
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