NARs Self Serving False Recession Predictions (LA 1243)
Transcript:
Steven Butala:
Steve and Jill here.
Jill DeWit:
Hello.
Steven Butala:
Welcome to the Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit:
and I'm Jill DeWit, broadcasting from sunny southern California.
Steven Butala:
Today Jill and I talk about the National Association of Realtors, Self-serving, False Recessionary Predictions.
Jill DeWit:
Wow, that's a long title. What the heck. Today we're going to do a deep dive into the economic factors that have attributed to our current climate and then we will roll in-
Steven Butala:
Keep going, it's kind of turning me on.
Jill DeWit:
We will roll in the unemployment ratio to the retail-
Steven Butala:
Oh, Jill.
Jill DeWit:
Climate and the political spin on what we're facing in 2020. That's what I heard.
Steven Butala:
It almost sounded like it made sense. You know what we won't be talking about today? Politics. I'll tell you that.
Jill DeWit:
This title's like what the heck.
Steven Butala:
The National Association of Realtors has one of the largest, this is for decades and decades, one of the top five largest lobbyist groups in Washington-
Jill DeWit:
Which is why they get their way now, a lot.
Steven Butala:
... ever-
Jill DeWit:
and people listen.
Steven Butala:
And so why is that?
Jill DeWit:
Money.
Steven Butala:
It's because they're falsely propping up an industry that they know is just a has-been.
Jill DeWit:
For money.
Steven Butala:
And that will eventually get taken away. They're in the business of collecting association dues. And it trickles up to them.
Jill DeWit:
And commissions.
Steven Butala:
So we spend a bunch of money perpetuating an antiquated way of buying and selling property, which Jill and I have been complaining about since we had started the show in 2015. And this episode is no exception. So if you're a real estate agent, and you use a lot of hairspray and love yourself, now's the time for you to turn this off.
Jill DeWit:
I would like to add, you know that reminds me of, which I really liked about, we used to live in Arizona. And the current governor of Arizona is Doug Doocy, and one of the things that I liked about back when we lived there, when he first took office, he stepped in and said, "What the heck are all these stupid licenses?" It's like you have to have a separate license for this kind of a barber, and this kind of hairstylist. There were so many different licenses for everything. It's almost like you had to have a license to be a dog groomer or if you do dogs over 50 pounds, if you do dogs under 50 pounds, you need this kind of a dog license. If you're a street sweeper on the east side of the street, you need this license, if you're a street sweeper on the left side of the street, you need this license. It was like that kind of nuttiness that, I like he came in and kind of said, "This is stupid. We need to pare this down."
Jill DeWit:
So some of the stuff that goes on within this group or just some political groups, it's just out of hand. And then we all know this, or maybe you don't know this, every time there's a new law that goes into place, the three other laws that this kind of supersedes don't get taken off. They're still there. So now that's part of why it's such a garbley mess. You have this new law that you're looking at, but you've got to go back and go, wait a minute, how do the three laws leading up to this new law, do they still apply? What do we do with this? I would not make a good attorney. I probably would make a good attorney, because I know how to argue, but I don't, but-
Steven Butala:
That's for sure.
Jill DeWit:
But I don't want to be an attorney, because it's a flipping mess. So, sorry, that's.
Steven Butala:
IF you ask a lawyer why this is, you bring this topic up, most of them, they'll very seriously say, "Well, we're saving the world."
Jill DeWit:
"We're doing a good thing."