Valuetainment - ＂Screaming For Leadership＂ - California Voters DEMAND New Home Construction Amid 2.5M Housing CRISIS

00:00:00.000 California, voters want more action on housing, poll finds, okay, and this is from Politico.

00:00:06.640 So what do they mean they want more action when it comes down to housing?

00:00:11.100 So a University of California, Irvine's School of Social Ecology poll found that 70% of registered

00:00:17.640 California voters consider the state's housing shortage a major funding priority with 33%

00:00:22.620 of likely voters naming housing as their top issue, nearly twice as many as those prioritizing

00:00:30.760 health care per the survey shared with Politico.

00:00:33.880 John Gould, the dean of the School of Social Ecology, stated the lack of affordability of

00:00:40.040 housing as the state continues to vex most Californians and they don't feel like it's

00:00:45.580 being addressed.

00:00:46.200 The poll conducted before Governor Newsom and state lawmakers approved a plan to accelerate

00:00:51.580 housing construction by exempting most urban projects from environmental reviews reflect

00:00:56.440 ongoing voter frustration with California's affordability crisis, which has worsened homelessness

00:01:01.760 and driven residents to more affordable Sunbelt states.

00:01:06.440 Tom, thoughts on this story?

00:01:07.580 Do you know how many houses the state of California believes it needs to build?

00:01:10.880 And by the way, this is a correct analysis they've done, and I just used California incorrect

00:01:15.480 in the same sentence.

00:01:16.440 I apologize if I offended anyone.

00:01:18.000 California believes they need to build 2.5 million more homes, and this is everything

00:01:27.020 from a 1,000-square-foot, one-bedroom apartment for a couple or a person to a 1,400-square-foot

00:01:34.180 apartment, two-bedroom, two-bath for a small family to condos, townhouses, you know, high-density,

00:01:40.780 more higher-density single-family units.

00:01:43.140 They believe they need 2.5 million more homes today, and now they're saying, oh, you know

00:01:50.700 what we're going to do?

00:01:51.560 We're going to skip environmental reviews.

00:01:55.000 You know what that means?

00:01:56.380 That means they're going to stop having the phony inspectors that would go out to Palisades

00:02:01.760 that said, we need to do a coastal environmental impact study before we can allow you to rebuild

00:02:06.240 your home because we didn't want your home here on the coast in the first place.

00:02:09.380 And you remember what people were saying, whether they were wealthy people or not, saying if

00:02:13.160 that house burns down, they won't be able to build the one next to it, rebuild it for

00:02:17.920 five years because the Coastal Commission and other things.

00:02:20.500 So now California finally looking in the mirror and going, you know, all this permitting and

00:02:25.900 all this other stuff we've got and all these phony environmental studies, gosh, maybe we

00:02:31.480 should hang back on some of that so that allows developers to build this because we need

00:02:37.300 two and a half million houses and it's going to take a hell of a long time to do with it.

00:02:41.440 So, Nick, guess what?

00:02:42.200 The California voters are saying, you moved a lot of illegals in here that squeezed out

00:02:48.040 lower and then you built a multi-million dollar condo for the illegals in downtown LA that 0.61

00:02:53.920 they trashed over the course of four months.

00:02:56.080 You don't say.

00:02:56.900 Oh, wow.

00:02:57.700 Shocking.

00:02:58.220 Yeah.

00:02:58.520 Give somebody something for free.

00:02:59.800 They didn't value it.

00:03:00.920 Well, weird.

00:03:01.340 That's odd.

00:03:02.300 Never heard that before.

00:03:02.780 You know, a child has to pay, a child saves money all summer to buy themselves a skateboard.

00:03:08.700 They took better care of it than the one you just gave them free because they lost the

00:03:12.120 first one because they were irresponsible.

00:03:13.860 What a freaking shock this is.

00:03:16.100 So, PBD, the voters are now surfacing this as number one.

00:03:20.220 And you know what one of the reasons that these affordability is coming to number one on

00:03:25.340 housing is because on a national level, immigration has slipped to like number three or four in

00:03:32.560 polls.

00:03:32.880 If you ask voters right now, what's number one for you?

00:03:35.280 Guess what?

00:03:35.880 Housing's all the way up.

00:03:37.560 And guess what?

00:03:39.240 Immigration and the border are down like number four or five.

00:03:41.600 You know why?

00:03:42.500 Because the president's fixed that part and has put a dent in it.

00:03:46.140 Right now, you've got Californians, Pat.

00:03:48.080 They're screaming for new leadership and they're screaming in the form of, man, we need more

00:03:54.320 houses right now.

00:03:55.580 They're not going to get that, Tom, that leadership.

00:03:57.400 Because, Pat, question, if they need 3.5 million, what is the realistic number that they're

00:04:01.840 going to get in 2000?

00:04:02.880 Like, what's the they need to build 3.5 million in 2025?

00:04:07.420 It's already we're already in for how many months?

00:04:10.460 No, the study is they need two and a half right now.

00:04:13.700 Then that's how is that going to happen?

00:04:15.840 It's magic.

00:04:16.620 Magic, and that's where you have multiple families living in apartments and things like

00:04:20.640 this.

00:04:20.940 Do you know what all the fires that happened in California, Palisades, roughly 16,000 homes

00:04:26.380 and structures were burned down, okay?

00:04:29.200 Of those, you know what percentage right now are living in RVs on their properties?

00:04:35.500 What percentage are living in RVs in regular places?

00:04:38.060 70% right now, give or take.

00:04:40.120 Of the money that came to them, do you know of all the 16 homes, 16,000 homes and structures,

00:04:44.840 do you know how many have been rebuilt so far?

00:04:47.840 Six.

00:04:48.720 Out of 16,000?

00:04:50.360 Six.

00:04:51.080 And outside of that, you ready for the next one of the six that we're talking about?

00:04:55.100 They are saying that if the homes are not rebuilt within three years, they're out.

00:05:00.960 When it comes down to permits, this is the craziest number out of everything that we're talking

00:05:06.340 about.

00:05:06.880 When it comes down to permits, do you know how many people, fires happened when, Rob?

00:05:11.540 When was the exact date for fires?

00:05:13.280 Can we find out when the exact fires were in California?

00:05:16.120 It's been five months, it's been six months.

00:05:20.500 When was the fires?

00:05:21.140 January, I want to say, right?

00:05:23.560 What was the exact date that we were looking at?

00:05:25.760 It was, let's say, right before election is what it was, or right after election.

00:05:29.940 January 31st.

00:05:30.900 Okay, January 7th is when it started, and it was finally contained January 31st.

00:05:35.840 Do you know what percentage of the people that have been wanting to rebuild their homes

00:05:39.300 got permits?

00:05:40.400 What percentage do you think have gotten permits?

00:05:42.720 2%.

00:05:43.120 14%.

00:05:44.460 86% have no permits.

00:05:48.160 So, you know how Newsom is going, I'm going to sue Fox News for $787 million.

00:05:53.660 President Trump does, hey brother, Mr. Newsom, Gavin Newsom, Governor Newsom, you realize all

00:06:00.620 those homes that were burned, all the structures, everybody, only 14% have permits?

00:06:06.080 Only six have been rebuilt?

00:06:08.120 You realize a couple billion dollars was given to trash?

00:06:10.440 These are people that are living in RVs.

00:06:12.260 You realize how embarrassing that is, how terrible?

00:06:14.740 No one's talking about that.

00:06:16.220 So, you want to talk about building homes?

00:06:18.480 Three and a half million of them?

00:06:20.040 If of the homes that were burned, and we're only talking 16,000, watch this here.

00:06:25.840 Adam, Vinny, Tom is saying that they need to build two and a half million homes, right?

00:06:30.720 It's what they need today.

00:06:31.940 Today.

00:06:32.360 It's what they need.

00:06:32.780 How capable is a state of accelerating the process of building two and a half million homes

00:06:40.280 when a fire happened in Palisades and 16,000 homes and structures were torn down, destroyed?

00:06:48.060 Only six have been rebuilt and only 14% have gotten permits.

00:06:53.840 With that kind of a regulatory environment, how long do you think it's going to take California

00:06:58.380 to be able to build those homes?

00:07:00.220 Now, I mean, this state is in shambles.

00:07:03.320 The speed of execution is insane.

00:07:08.320 Trump at the top is moving like this.

00:07:10.200 Boom, boom, boom, boom, boom, boom, boom, boom, boom.

00:07:13.500 State of California is just keep trying to get to the next campaign to be on the limelight

00:07:18.720 where Tom says it best.

00:07:20.700 I think Newsom is deep down inside worried because the Democrats have chosen Pritzker over him

00:07:24.800 because the moment he tried to show that he's a little bit more on the center,

00:07:28.080 the moment he went there, they're like, uh, the moment he went center, you know who he lost?

00:07:34.160 He lost the left and the right because he went to the center,

00:07:37.180 had a bunch of these conservatives on his show to act like, yeah, you know, Democrats, we didn't mess up.

00:07:42.600 And so Republicans are like, whoa, maybe he's being a little bit reasonable.

00:07:46.680 The center's like, maybe he's being a little bit reasonable.

00:07:48.920 And then he went, boom, back to the left.

00:07:51.260 Guess what he said?

00:07:52.180 The left can't trust you.

00:07:53.540 The right can't trust you because it's all theatrics.

00:07:55.940 You're just trying to get ready for your 2028 election.

00:07:59.000 You know what everybody realized?

00:08:00.320 Neither the left or the right trust you, period.

00:08:02.960 So the only thing you have left is to allow the puppet masters on your political party

00:08:07.000 to tell you what they want you to do.

00:08:08.500 That's all you got left.

00:08:09.820 That's all you got left because the amount of problems your state has

00:08:12.100 and the speed of execution is so slow, people are not going to stay in your state.

00:08:18.420 Adam, any thoughts on this before we go to the next story?

00:08:20.580 I do.

00:08:20.940 There was an article from Tuesday.

00:08:22.700 I don't know if Rob could pull it.

00:08:23.480 Do you have that article about the housing crisis in the major metros, Rob?

00:08:26.940 Do you have that?

00:08:27.500 I do.

00:08:28.560 Okay, perfect.

00:08:29.360 This was an article from Tuesday that actually I'm glad we're commenting on.

00:08:32.000 It talks about how basically to live in America,

00:08:35.100 it's completely unaffordable in 47 of the 50 major metro areas.

00:08:41.160 So when you're doing your monthly budget, which I encourage everybody to do,

00:08:45.880 which is you take your income and you minus your expenses,

00:08:48.060 and then you have your net savings each month, hopefully you're saving that money,

00:08:52.440 you're going to have a major problem doing that budget in one city in particular,

00:08:56.620 and that city is, of course, L.A.

00:08:58.540 So what they say, general rule, when you're doing your housing costs,

00:09:02.460 which is your biggest part of your budget, something called the 30% rule.

00:09:05.560 Does it say that in the article by any chance?

00:09:07.400 About how 30% of your monthly income should go towards housing.

00:09:12.960 Here's the problem that you're going to run into.

00:09:15.400 47 of the 50 top metro areas, people are spending more than the 30%.

00:09:21.040 The only cities that it costs less are Pittsburgh, Detroit, and St. Louis,

00:09:25.740 which is basically hovering around 27 to 29%.

00:09:28.920 But here's where it gets good.

00:09:31.740 In New York, people are paying 67% of their total budget towards their housing.

00:09:38.740 Okay, so that's more than double.

00:09:40.540 In Boston, it's 64%, so a little bit less than double.

00:09:45.200 L.A., you ready for this?

00:09:47.060 Make this make sense to me.

00:09:48.180 104% goes towards housing.

00:09:52.360 You're supposed to be at 30%, okay?

00:09:56.180 Most cities nationwide are averaging 45%, so there's a 15% delta.

00:10:01.860 In big cities like Boston and New York, you're at 66%, 67%.

00:10:05.320 In L.A., you have to spend 104% of your total budget on housing.

00:10:13.200 How do you live?

00:10:14.380 And by the way, that's not because it's beautiful

00:10:16.100 and there's the demand to live there.

00:10:17.720 It's because there's a supply shortage.

00:10:20.260 And just like toilet paper was a dollar a roll at Costco during the early part of COVID

00:10:26.320 when all the shortage happened.

00:10:27.820 Remember that, Adam?

00:10:28.740 People were going in there buying the big pack of toilet paper,

00:10:31.720 and it was very expensive.

00:10:33.340 It's a supply shortage.

00:10:35.100 It's not because they love the beach and the weather,

00:10:37.060 or they love the regulatory environment, or the traffic, or the lack of jobs,

00:10:40.960 or the all-stop-with-the-list, or the high insurance, or no insurance.

00:10:43.900 Of course.

00:10:44.320 It's because there's no homes to buy.

00:10:46.900 And those that are buying it bid the price up, and that's where the value is.

00:10:51.580 Well, everything's always a supply-and-demand problem, right?

00:10:53.820 Obviously, you're right here.

00:10:54.700 But they also have a math problem.

00:10:56.200 It's just not adding up.

00:10:57.280 And they have an affordability problem and a cost-of-living problem.

00:10:59.500 From L.A., I continue to remind you, show me a good story that's coming out of California these days.

00:11:04.580 I don't know.

00:11:05.420 I'll wait.

00:11:05.900 This is why I live in Florida.

00:11:07.020 Once a year, we host an event called The Vault Conference.

00:11:10.960 If you're somebody that either runs a business, you're a married couple, husband and wife,

00:11:17.380 life's been kind of flatlining lately, there's not been too much things that are growing in ways,

00:11:23.540 business, personal, financial, and you kind of want to call a timeout and get away and spend four days

00:11:29.220 with 3,000 other couples and nearly 12,000 people in the same room together

00:11:32.700 to strategize the future of your life with your kids, being intentional about it,

00:11:37.760 I highly, highly recommend you attend The Vault Conference.

00:11:41.040 It's the only conference you can go to where the attendees are comfortable talking about business,

00:11:46.360 are comfortable talking about money, are comfortable talking about politics,

00:11:50.020 are comfortable talking about family values, and no one cares.

00:11:53.000 No one walks on eggshells.

00:11:54.200 You go to some business conference, oh, we can't talk about politics.

00:11:57.140 We talk about everything.

00:11:59.020 If that's appealing to you, do whatever you can to go to The Vault Conference.

00:12:02.660 Here's a video I did with my patient.

00:12:08.140 Here's a doctor sitting down as a therapist, sitting down with his patient,

00:12:12.740 and guess who his patient is?

00:12:14.160 Rob, go ahead and play the clip.

00:12:16.460 Matthew, who's my next patient?

00:12:17.980 It's you, John.

00:12:19.340 Oh, this one's going to be tough.

00:12:20.580 Oh, I've got to take the jacket off for this one.

00:12:23.000 Okay, so what's been happening lately?

00:12:26.560 Oh, nothing positive.

00:12:28.320 I'll tell you that, Doc.

00:12:29.080 Just, you know, work is crazy.

00:12:31.120 My marriage is hanging on by a thread.

00:12:32.600 I know we talked about that last time I was here.

00:12:34.680 The kids are freaking screaming and yelling all the time.

00:12:37.760 The business is bleeding cash.

00:12:39.400 I can't breathe.

00:12:40.580 So, like, what do I do?

00:12:42.000 Let me ask you, when's the last time you and your wife sat down and actually mapped out

00:12:45.840 your next five, 10, 15 moves, personal life, and your business life?

00:12:50.220 Never.

00:12:50.620 The only thing we've ever mapped out was our Disneyland trip.

00:12:53.060 Just, like, which rides to go on.

00:12:54.300 Of course, that's one day, Dovid.

00:12:55.840 I'm talking, like, five, 10, 15, 20 years from now.

00:12:58.460 You guys have never done that?

00:12:59.400 Never.

00:12:59.980 Do you guys read books together?

00:13:01.260 Do you spend a lot of time reading lately or no?

00:13:03.540 I don't know about her, but the last thing I read was the back of a shampoo bottle while

00:13:06.720 was in the bathroom.

00:13:07.120 Yeah, it's not a half.

00:13:07.840 I know, but you should see the stuff that's in there.

00:13:09.260 It's actually really interesting stuff, but I'm talking, like, life and business.

00:13:12.680 No.

00:13:13.240 Nothing?

00:13:13.700 Nope.

00:13:14.200 Okay.

00:13:14.560 We don't have time.

00:13:16.020 Does this sound familiar to you?

00:13:17.480 Do you listen to anything he said and say, that's a little bit of me?

00:13:20.200 When is the last time you and your wife took a time out, went away to a business conference

00:13:24.360 to identify your next five, 10, 15 moves?

00:13:28.500 If you've never done that, we host a conference once a year called The Ball Conference.

00:13:32.800 From September 8th to the 11th, if you just watched this, you laughed a little bit,

00:13:38.020 you giggled, but you said, that's kind of me.

00:13:39.700 Get registered.

00:13:40.220 So I look forward to seeing you and your spouse September 8th through the 11th at the

00:13:44.020 Gaylord Orlando.

00:13:45.260 All right.

00:13:47.120 Well done, team.

00:13:48.440 Yes.

00:13:49.220 Guys, go to theballconference.com.

00:13:52.100 Go to theballconference.com.

00:13:53.820 Get registered.

00:13:54.460 Get yourself a ticket.

00:13:55.840 If there's one that I can tell you since 21 years old, I've gone to four to 10 business

00:13:59.820 conferences every year purely to recreate myself.

00:14:03.600 Again, go to theballconference.com.

00:14:06.200 Get yourself and your spouse a ticket.

00:14:08.260 Let's spend four days to get in Orlando September 8th through the 11th.

00:14:11.900 Cannot wait to see you there.

00:14:14.500 If you enjoyed this video, you want to watch more videos like this, click here.

00:14:17.480 And if you want to watch the entire podcast, click here.

Valuetainment - July 05, 2025

＂Screaming For Leadership＂ - California Voters DEMAND New Home Construction Amid 2.5M Housing CRISIS

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