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00:00 - Okay, Kev, real quick.
00:02 What's up, buddy?
00:03 Good to see you, my friend.
00:04 Kev, business advice, people are looking to buy homes,
00:07 but it's hard, the market's crazy,
00:09 but where do you see it changing in the next year?
00:11 - I think mortgage rates are gonna be eight to nine percent.
00:14 People will adjust, never spend more than a third
00:17 of your after tax income on a mortgage, that's the rule.
00:20 So you're gonna get a smaller house by about 20%.
00:22 - But what do you think about these huge corporations
00:23 buying these real estates, so the average buyer
00:26 can't really, they can't afford these homes right now.
00:28 - Markets are gonna be markets,
00:29 but there's always going to be a buyer
00:31 of an individual home.
00:32 Corporations buy real estates so they can sell it to people.
00:35 If they make it too expensive, they won't sell them.
00:38 The market's pretty good at sussing this out,
00:40 it's just that, remember, for 50 years,
00:42 mortgage rates were well north of five percent,
00:44 and now they're going back to where they were for 50 years.
00:46 It's not that crazy.
00:48 - Yeah, last thing.
00:49 Everyone's pitching you on stuff,
00:52 but what's the one thing that people always pitch you on,
00:55 that you're like, guys, I get pitched on this all the time,
00:57 the most pitched thing?
00:58 - Hot sauce.
00:59 - Really?
01:00 - I don't wanna see any more hot sauce deals.
01:02 - Good to see you, brother.