Record Prices. Fewer Buyers. Make It Make Sense.

Uh, love it or hate it, we have a new housing law in place, and my question is, is this going to fix housing? The interesting part about this housing law is that a lot of historic housing laws are on the buy side.

So if a buyer is, if buyers are having trouble affording property, you'll see a law that comes out that says, "Hey, we're gonna give buyers this ability to buy and then get a tax credit," or, "We're gonna put this new program in place so that they can afford housing." This is not that.

This is focused on the supply side.

Uh, and I honestly did not think that they would get this through.

[laughs] Because if you're talking about the supply side of housing, you're also talking about a lot of big builders and things like that, and traditionally, ha- 50% of the folks up there in Washington don't wanna help a big company.

But if you can impact...

And they also don't wanna cut regulation.

So if you can cut regulation and help these builders, then you can get more supply on the market.

Now, some of you are in markets right now that you're saying, like, "Wait.

What? More supply? We don't want more supply." Well, maybe.

Not all markets are in the same market currently, which is kind of weird.

Um, [laughs] Terry said, "I like mortgages for under $100,000." What do you mean? What do you mean, Terry? You're over on Clubhouse.

So they've, they've got, um...

If you keep reading in there somewhere, it says something about, um, lending under 100,000, which has been hard to do.

Oh.

Usually you have to get some kind of a, a line of credit, a personal line of credit, or an equity line of credit.

Gotcha.

And now they're-

It...

So in our market-

So I, I like that

...

in our market, the number is, uh, $50,000.

They can do loans of 50K, but if you get much less than that, they can't really do a loan for it, and there's not really many houses that are habitable that you can buy for 40, but there's some.

Okay.